Home Best forex broker Best Forex Broker 2019 Overall

Best Forex Broker 2019 Overall

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Our selection of the best forex brokers of 2019 is the result of comparing only the most trusted brokers with long standing traditions and flawless financial backgrounds which makes all of them a safe choice. We tried to find the best forex broker overall although this choice will often be a question of individual trading preference.

We have compared brokers based on several factors which we think are most important from a traders perspective.This factors are: trading fees and spreads, trading platforms, charting and analysis tools, assets and regulators.

Best Forex Broker 2019

  1. Forex.com is the Best Forex Broker overall with great support and trading platform.
  2. IQ Option is best for Forex and Binary Options Trading with great UE.
  3. eToro is the best for Copy Trading with low trading fees and mobile app.
  4. Plus500 is the best platform for CFD trading with a long standing tradition.
  5. XTB offers the most currency pairs and analysis tools.
  6. FXCM is the Best broker for technical analysis and tools.
  7. OandA has the best trading info API.
#1IQ OPTIONSGlobal CFD and FX brokerBest Forex & Options Broker
#2ETOROIsraeli social trading broker Best Social Trading
#3PLUS500Israeli CFD brokerBest CFD Broker
#4XTBGlobal CFD and FX brokerBest CFD and broker
#5FXCMUK-based forex brokerBest technical tools
#6OANDAAmerican FX brokerBest API
#7PEPPERSTONEAustralian forex brokerBest Support

All of the brokers we took into comparison are considered as safe as they are all regulated by the top tier regulators like the FCA and ASIC and also have a long standing trading tradition.

Considering all of the many factors, we think that the most important ones are trading fees and a user friendly platform. The trading fee’s should be reasonable and the trading platform should be easy to understand and use.

What all of the compared brokers also have in common are the free demo trading accounts. If you are just starting out with forex trading we highly recommend you to start trading with a demo account where you can’t loose any money – as you probably know, forex trading is highly risky and you can loose money in matter of seconds.

All of the brokers also enable CFD trades. This are high risky and complex contracts and are not suitable for beginners traders – you can loose all of your investment in seconds.

Taking all of the above information into consideration this are our favourite brokers in overview:

1. IQ Option (Best Binary Options Trading Company)


With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.

The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate. If you sign up you can be sure to interact with an intuitive platform that enables access to a a big amount of resources, and trading options.

The platforms comes with a few drawback as well. The customer support is still being upgraded and at this time it can happen that you will need to wait for more than 24 minutes in order to have your queries processed. If you are just starting out and you will need to interact with a customer support agent on a daily basis, than you need to pay an fee of $3000 in order to secure a consistent communication. USA, Japan and Canada based traders are not allowed to register with IQ options


2. eToro (Best Social Trading Platform)


eToro is an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.

eToro is considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup as well. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk.  

eToro has been awarded as the best social trading platform – social trading means you can follow other traders and copy their investment strategies.


  • Great support in Arabic language: Monday till Friday 24h/day
  • Copy trading feature – copy the best trading secrets
  • Solid online trading platforms (mobile app, web trader MT4)
  • Safe and fast deposit options and withdrawals
  • Strong regulations and security by FCA (UK)/ ASIC (AUS)/CySEC (EU)
  • 47+ currency pairs available
  • Trade: FX, Stocks, Cryptocurrencies, Commodities, Indices, ETF’s
  • Competitive spreads

3. Forex.com ( Great all-around offer)


FOREX.com is a forex and CFD broker offering over 84  currency pairs and 230 CFD’s across major asset classes. The brand is part of the GAIN capital holdings which operates in multiple countries holding licenses from many different regulatory hubs including UK, US, CA, Japan and Australia.

We would recommend this platform to active and mid active traders as they will benefit from slightly lower trading fees and spreads.

+ Forex.com is an overall solid forex broker with a high level of trustworthiness. With over 145.000 clients and nearly $1 billion in assets you can’t do anything wrong. As a beginner you can open a demo account depositing a minimum of $250, before investing real money. On the other side advanced traders can access a premium account by depositing $25.000 or by trading $25million in monthly national value.

 There are no major downsides on this platform. What we could lay out as a downside is the fact that the MT5 trader did not rolled out yet.

In a nutshell, as a trustworthy global player, Forex.com offers plenty of trading options for Forex and CFD traders. With all of the major trading platforms, diverse trading tools and research tools FOREX.com is suitable for almost all traders at all experience levels.

4. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)



Plus 500 is a quality CFD’s provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727 issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Plus500 CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).

Client Money is held on trust, separated from Business Money. Should Plus500 go into liquidation client money would attract all the legal protections afforded to trust money.

Plus 500 has one of the most user-friendly platforms that allow instant access to variousmarkets, including commodities, indices, shares, andoptions. Every asset is availableto buy or sell as CFD’s, with leverage up to 1:300, commission-free.

Many other featuressuch as stop, limit, andtrailing stop are all present on the platform. Customers can also enjoy trading in a free unrestricted demo account that imitates real action. The platform has a lot of news, market information, training tools and comes with solid customer support. Everything is available in the Arabiclanguage, including customersupport.




5. OandA (Most user friendly trading platform + best API)



OandA has won many awards this year as the best overall pick for forex and CFD’s trading. It is a well trusted company regulated by the top tier regulators like FCA and ASIC.

We would recommend this platform to users who are looking for a user friendly trading platform including high end research tools.


+ On the positive side OandA offers one of the most user friendly and easy to use platforms including fully digitalised account opening and powerful research tools including the best API in the industry.

On the flip side you can only trade forex and CFD’s with a pretty high withdrawal rates. Their support would need some improvement as well..

Forex trading for new investors – what you need to know and how to choose your broker.

6. FXCM (Best Technical Tools)


FXCM is a UK based forex broker which offers some CFD’s as well and is regulated by some top tier regulators like FCA and ASIC.

We would recommend this platform to users looking for great technical research tools.


+ What we found best on this platform is the fast account opening options, low trading and finance fees and the high end technical research tools.

On the downside, FXCM only offers forex, CFD’s and some crypto trading options. Their platform needs and update as it is outdated and not user friendly.

No minimum deposit required so feel free to give it a shot – inactivity fees charged only after a year.

7. XTB (Best Fx and CFD Broker)

XTB is primarily a CFD and forex broker regulated by the most trusted financial regulators including the FCA and is also listed on the Warsaw stock exchange.

We would recommend this platform to users looking for fast deposit and withdrawal + great research tools.


+ What we found best about this platform are the fast deposits and withdrawals and also the hassle free account opening. The platform is easy to use and has a lot of research tools as well.

On the negative side trading assets are limited to forex, CFD’s and real stocks in some limited countries. The support is a standard solution, but the employees can be a bit pushy some times.

In a nutshell, XTB is recommendable for clients who want to trade forex and CFD’s and are looking for a hassle free account opening, low withdrawal fees and great research tools. Demo account option available.

Our Top Picks For DayTrading

What are the most important criteria to look for when choosing a forex broker? There are lots of them but we can simply split them into this three categories:

  • Selection of currency pairs
  • high-quality tools
  • moderate costs

Almost all of the Brokers listed above offer a large selection of currency pairs available to trade, almost all have pretty low account minimums and the highest legal leverage ratio of 50:1. They also provide the choice between commission accounts and spread markup accounts. Commission accounts have a fixed commission fee but will in turn offer lower bid-ask spreads.