The foreign exchange market, more popularly known as forex, is the largest and busiest financial market in the world. It is much bigger than even the stock market. Here, investors aim to make a profit based on the price movements between currency pairs.
Forex trading goes on 24 hours a day, 5 days a week. As the popularity of forex trading continues to rise, there is also a growing number of brokers that are offering their services. The FintechZoom best forex brokers list is a very reliable resource if you are looking for a broker to help you with your trades.
Our top-pick FintechZoom Forex Brokers
Min Deposit: $50
Min Deposit: $100
Min Deposit: $50
Min Deposit: $100
Min Deposit: $0
Min Deposit: $10
Min Deposit: $100
Min Deposit: $100
What Is FintechZoom?
Fintech is a blanket term for all technology that is used to deliver financial services. There’s plenty of this kind of technology emerging these days, and it’s particularly useful for business owners, banks, financial analysts, and yes, you guessed it, forex traders.
FintechZoom is one of the most highly esteemed fintech platforms that conducts reviews of forex brokers on a regular basis. They rank the brokers according to all sorts of criteria, like spreads, commissions, trading platforms, customer support, security measures, and so on. Because of this expert evaluation and their superior reputation, a lot of forex traders consider the FintechZoom best forex brokers list to be an incontestable reference when it comes to trading.
Best FintechZoom Forex Brokers List at a Glance
Before we get into the details of the brokers that made it into the FintechZoom best forex brokers of 2024, here’s a quick comparison of some of their important features.
|
Forex Broker |
Regulation |
Minimum Deposit |
Average Spread |
Trading Platform |
Tradable Assets |
Currency Pairs |
|
|
FP Markets |
ASIC, CySEC, FSCA, FSA |
$50 |
0.1 pips |
MT4, cTrader, IRESS |
10000 |
71 |
|
|
Tickmill |
FCA, CySEC, FSA, FSCA, DFSA |
$100 |
0.1 pips |
MT4, MT5, WebTrader |
725 |
62 |
|
|
IG Markets |
FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, KFSA, ASIC, NFA, BMA |
$0 |
0.6 pips |
MT4, IG, L2 Dealer |
18000 |
97 |
|
|
AvaTrade |
CBI, ASIC, FSCA, FSA, FFAJ, BVI FSC |
$100 |
0.9 pips |
MT4, WebTrader, ZuluTrade, Mirror Trader, AvaTrader |
250 |
60 |
|
|
BlackBull Markets |
FMA, FSA |
$0 |
0.2 pips |
MT4, MT5 |
26000 |
72 |
|
|
Pepperstone |
ASIC, FCA, CySEC, BaFIN, DFSA, SCB, CMA |
$0 |
1.1 pips |
MT4, MT5, cTrader, Pepperstone, TradingView |
1200 |
90 |
|
|
IC Markets |
CySEC, SCB, ASIC, FSA |
$200 |
0.1 pips |
MT4, cTrader |
2251 |
75 |
|
|
XM |
ASIC, CySEC, IFSC |
$5 |
0.1 pips |
MT4, MT5 |
1394 |
55 |
|
|
Saxo Bank |
FCA, DFSA, FINMA |
$0 |
0.8 pips |
MT4, MT5, SaxoTraderGO, SaxoTraderPRO |
71000 |
140 |
|
|
CMC Markets |
FCA, BaFIN, ASIC, CIRO, FMA, MAS, DFSA |
$0 |
0.7 pips |
MT4, Web platform |
10000 |
338 |
|
What Are the Criteria for FintechZoom Best Forex Brokers?
Traders always look forward to FintechZoom best forex brokers in making the decision of where to invest their money. But how does this respected platform come up with their choices? As you can imagine, it’s not an easy task. There is much scrutiny involved as they examine dozens of forex brokers, taking a very close look at some very important criteria, including the following.
10 Best FintechZoom Forex Brokers Reviewed
1. FP Markets
Starting off our list of FintechZoom best forex brokers is FP Markets. For the almost 20 years that it has been in the industry, FP Markets has been a prominent player in forex and CFD trading. Its strongest points are its very competitive fees, hassle-free account opening, and abundant tools for research and education. With more than 70 currency pairs in its arsenal, traders can definitely have their pick.
2. Tickmill
Known widely as a low-cost forex broker, Tickmill prides itself on very low trading and non-trading fees, especially on the Raw account. It was established in 2014 and has since grown into one of the strongest brokers in the world. It has a very strong MetaTrader suite offering, packed with tools and features for algorithmic trading. Beginners, however, might better appreciate their copy trading accounts at Tickmill Social and ZuluTrade.
3. IG Markets
One of the most obvious advantages that IG Markets has over other forex brokers is experience. It has been running since 1974 and is one of the most reliable brokers to this day. It has licenses from just about every trusted regulatory body, including FCA and ASIC. They have a competitive MT4 platform offering, in addition to their own proprietary IG trading platform. The extensive choice of tools and educational material makes this broker great for both beginners and advanced traders.
4. AvaTrade
AvaTrade is one of the most popular among the FintechZoom best forex brokers, and it’s not hard to see why. To begin, they are very highly regulated, with licenses from six global financial authorities. They also have several platforms that traders can choose from, including a couple of outstanding ones for copy trading. They might not have the largest selection of tradable assets but they do offer more than 60 forex pairs, including all the major ones.
5. BlackBull Markets
BlackBull Markets is one of the FintechZoom best forex brokers that do not have a minimum deposit requirement. This makes it an excellent choice for the more cautious traders, as well as beginners. Opening an account is a breeze, and transactions are very fast as well. BlackBull Markets offers full transparency, which makes it easy for accurate tracking of trades.
6. Pepperstone
If you are looking for low fees and a strong selection of currency pairs, Pepperstone is a suitable choice. With over 90 forex pairs to choose from, they have a lot more than what most other forex brokers have to offer. MetaTrader is their primary platform, but they allow traders to link accounts to other trading platforms, like cTrader and TradingView. There’s also plenty of educational materials for both new and experienced traders.
7. IC Markets
Tight spreads, low fees, and a decent selection of forex pairs – these are some of the reasons why IC Markets is included in FintechZoom best forex brokers. In addition, it also offers a rapid and hassle-free account opening process. Deposits and withdrawals are free as well. This broker company started in 2007 and has had a stellar track record since.
8. XM
XM is a tightly regulated forex broker, with licenses under CySEC, ASIC and IFSC, so traders can expect a high level of security and safety. This broker’s fees are very competitive, particularly the fees for stock CFD. The wide range of forex offerings, combined with the competitive spreads, make XM an ideal choice for active traders.
9. Saxo Bank
A Danish bank that specializes in trading and investment, Saxo Bank is strongly preferred by professional traders. In addition to an incredible 71000 tradable instruments to choose from, Saxo Bank also gives traders a profuse selection of education materials, analytical tools, and trading platforms packed with multiple tools that will enrich your trading experience.
10. CMC Markets
FintechZoom best forex brokers list won’t be complete without CMC Markets. Established in 1989, this broker stands out mostly for their exemplary trading platforms that come with advanced tools, as well as their competitive spreads and fees. CMC Markets is also highly regulated and has licenses under FCA, ASIC, and other top-tier regulatory bodies.
Conclusion
Choosing a good forex broker doesn’t guarantee the positive outcome of each trade you make. Of course, it will still depend on the kind of trading strategy you follow and the decisions that you make. However, having a reliable broker by your side is a major factor, so do make sure to examine your potential choices carefully, starting with the really excellent ones that we have listed above.
