Choosing your forex broker is a crucial step in the success of every trader’s operations. Here you will find the best forex brokers based on the most comprehensive data & review to help you find the best broker for your needs.

1. Regulated Broker

It is important that your broker is registered with the financial authority regulating your country of residence. Thus, you will benefit from protection for your funds and help in case of litigation, EU Regulated Forex Brokers must complied ti MiFID directive.

Markets in financial instruments directive – MiFID

MiFID is the markets in financial instruments directive (Directive 2004/39/EC). In force since November 2007, it is a cornerstone of the European Union’s regulation of financial markets.

2. Minimum Deposit

Most Forex Brokers have a minimum deposit requirement. If you want to start with a little investment, it can be usefull to know wich broker accept small deposit. As well, if you are looking to make a huge deposit, you can have some advantages to find a different broker.

3. Trading Platform

It is essential that the broker offers the trading platform that you use. The table above the trading platforms offered by the various forex brokers.

The comparative table below will help you to choose the best broker corresponding to your needs and your country of residence.

4. Spreads Commissions and Fees

Trading financial instrument are not free and . If you it will be a better option for you to open your trading account with the broker that offer the best conditions for your specific needs.

Regulated Forex Broker Regulator / Funds Protection Trading Conditions Trading Platforms
Rating: promopromopromopromopromoforex broker avatrade

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 EU (BCI, MiFID,+)
 Central Bank of Ireland (No.C53877)
 Australia ASIC (No.406684)
 B.V.I Financial Services Commission
Japan FSA (No.1662) and FFAJ (No.1574)
South African Financial Services Board (FSP No.445984)
 Regulated in more than 150 countries
european union uk alemagne france finlande italie afrique du sud australie japon bvi suede

Minimum Deposit: $100

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avatrade platform


world finance 100

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Rating: promopromopromopromopromocourtier forex etx capitalETX Capital Demo

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 EU (MiFID)european union uk alemagne france finlande italie afrique du sud australie japon bvi suedeX Canada, Belgique, Singapour, États-Unis
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Dukascopy EUDukascopy Demo

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european union uk alemagne france finlande italie hongrie afrique du sud australie bvi


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 EU (BCI, MiFID,+)
 UK FCA (FSA) reference (no.549790)

european union uk alemagne france finlande italie australie bvi suede

Minimum deposit: $100 Metatrader Metatrader

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Rating: promopromopromopromopromo

hycm henyep markets


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european union uk alemagne france finlande italie hongrie afrique du sud australie bvi




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 EU (Cysec, MiFID,+)
Afrique du Sud (FSB)

european union uk alemagne france finlande italie afrique du sud australie bvi

X Belgium, Canada, Japan, United-States



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 EU (MiFID)european union uk alemagne france finlande italie afrique du sud australie japon bvi suedeX Canada, Belgique, Singapour, États-Unis

orbex forex trading platform


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Rating: promopromopromopromopromo

XM Trading

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 EU (BCI, MiFID,+)
Afrique du Sud (FSB)
 Australia ASIC (No.443670)
 France ACP (No.73640)
 Germany BaFin (No.124161)
 Hungary MNB (No.K0005633)
 Italy CONSOB (No.3046)
 UK FCA (FSA) reference (no.538324)
 Regulated in more than +150 countries

european union uk alemagne france finlande italie afrique du sud australie bvi suede

X United States of America, Canada and Israel


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xm bitcoin trading platform
world finance 100

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MiFID is the markets in financial instruments directive (Directive 2004/39/EC)

It governs provision of investment services in financial instruments by banks and investment firms operation of traditional stock exchanges and alternative trading venues While MiFID created competition between these services and brought more choice and lower prices for investors, shortcomings were exposed in the wake of the financial crisis.

MiFID 2 and MiFIR

In June 2014, the European Commission adopted new rules revising the MiFID framework. These consist of a directive (MiFID 2) and a regulation (MiFIR).

MiFID 2 aims to reinforce the current European rules on securities markets by

  • ensuring that organised trading takes place on regulated platforms
  • introducing rules on algorithmic and high frequency trading
  • improving the transparency and oversight of financial markets – including derivatives markets – and addressing some shortcomings in commodity derivatives markets
  • enhancing investor protection and improving conduct of business rules as well as conditions for competition in the trading and clearing of financial instruments
  • Building on the rules already in place, the revised MiFID rules also strengthen the protection of investors by introducing requirements on the organisation and conduct of actors in these markets .

MiFIR sets out requirements on:

  • disclosure of data on trading activity to the public
  • disclosure of transaction data to regulators and supervisors
  • mandatory trading of derivatives on organised venues
  • removal of barriers between trading venues and providers of clearing services to ensure more competition
    specific supervisory actions regarding financial instruments and positions in derivatives
  • The application date of MiFID II and MiFIR, initially scheduled for 3 January 2017, has been extended to 3 January 2018.

Related links

List of EU regulated markets
Workshop on new investor protection rules in MiFID II – 26 September 2017

Forex Broker Regulator by Country



ACP : Autorité de Contrôle Prudentiel


FIN : Finanssivalvonta Finansinspektionen


BaFin : Bundesanstalt für Finanzdienstleistungsaufsicht


MNB : Magyar Nemzeti Bank


CONSOB : Commissione Nazionale per la Società e la Borsa


AFM : Autoriteit Financiële Markten


CNMV : Comisión Nacional del Mercado de Valores


FI : Finansinspektionen

United Kingdom

FCA : Financial Conduct Authority

Risk Warning: Forex trading and margin contracts (CFD) is an activity that may involve a high degree of risk and may not be suitable for all investors.

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