Best Forex Brokers for 2024

✔️ Information reviewed and updated in July 2024 by Eduardo López

El Forex market It has become one of the most attractive for investors worldwide and today, thanks to the platforms that we have at our disposal, you can also invest in that market.

It is no longer only intended for countries or large investors with experience. That is why today I am going to tell you which are the best Forex brokers.

What are Forex brokers?

Before moving on with our Top Forex BrokersFirst, it is necessary to clarify what a broker is, so that you know the minimum to correctly choose the platform on which you are going to operate.

First of all, the Forex market is the name given to the currency market, in which you can trade by exchanging one currency for another.

This market is extremely attractive because it is the largest in the world and moves more than 6 trillion dollars for transactions, this amount exceeds any other, and it is no longer only destined for the great whales worldwide.

This market is open during business days of the week and the liquidity that you can obtain is extremely high.

This market is open during business days of the week and the liquidity that you can obtain is extremely high.

The fact that it is a delocalized market allows you to operate on several stock exchanges worldwide, without being at that particular headquarters.

And now, speaking specifically of Forex brokers, are those tools that allow you Invest Online in the foreign exchange market.

Types of Forex brokers

Before moving on to our Ranking of the best Forex brokers It is necessary to know what the types of brokers are, which vary according to their registration and what is the entity that regulates them, then I will tell you what the two main types are:

Market makers (MM)

These correspond to those brokers that buy the assets in the market and then sell them to investors. This means that they create their own market, in which investors can buy or sell, but they adapt to the prices set by the broker.

The benefit for them is that by having the assets they can choose the price and charge their clients, in addition to additional charges for commissions and use of the platform. However, for first-time investors it is a good option, since they also offer guarantees and security options.

Electronic Communication Network (ECN)

This type of brokers only establishes communication between operators and users, they are an intermediary to connect them and they do not have their own assets.

In this sense, they charge commissions for linking buyers and sellers, although they are usually lower in relation to Market Makers.

Best platforms for trading

Now that you know what they are the types of Brokers in the Forex market, we will analyze which are the best, from this comparative Forex brokers.

1. ActivTrades (Europe)

ActivTrades broker
Minimum deposit: $/0
Leverage: Up to 1: 100
Regulation: multiregulation


ActivTrades broker
High liquidity that facilitates the purchase and sale of cryptocurrencies.
High volume of daily operations
It offers fast and efficient customer service.
ActivTrades broker
Platform maybe not so intuitive.

This broker is extremely attractive, mainly because it has created a total ecosystem in which you can make your investments. It has an extremely solid infrastructure, consolidating itself as one of the best brokers, especially due to its wide variety of regulations worldwide and efficient software that makes it extremely attractive.

2. (Latin America)

TradeEU broker
Minimum deposit: $ / € 0
Leverage: Up to 1: 50
DEMO account: Yes
Platform: Trade EU
Regulation: CySEC


TradeEU broker
Regulated by various organizations.
Wide variety of financial instruments.
It offers fast and efficient customer service.
TradeEU broker
Sometimes high spreads

This platform allows you to operate in more than 50 markets, and one of its great advantages is its software that allows algorithmic Trading, thanks to its cutting-edge technology.

This can be extremely useful for more specialized trades in over 50 currency pairs, which also include stocks, metals, mutual funds, etc.

3. Capitalix (Latin America)

Minimum deposit: $ / € 0
Leverage: Up to 1: 30
Regulation: FSA


Wide variety of cryptocurrencies available to diversify portfolios.
Transparency regarding fees and policies
Limitations on some financial products offered

This broker is one of the most widely used worldwide, especially for its Social Trading function, which allows beginner traders to observe the movements of experts, monitor them and simulate their movements.

This broker allows you to operate with 49 currency pairs, and another of its advantages is that the Forex market is not closed, but also allows you to operate with cryptocurrencies, raw materials, indices, investment funds and shares.


Minimum deposit: $ / € 0
Leverage: Up to 1: 30
DEMO account: Yes
Platform: xNUMX xStation
Regulation: CNMV


Wide range of technical and fundamental analysis tools.
Low spreads on most financial instruments.
It offers fast and efficient customer service.
The withdrawal process can be slow or uncomfortable for some customers.
Financing costs higher than other brokers in some operations.

XTB is currently one of the most competitive in the world, thanks especially to its low commissions when investing in its assets. Its characteristics make it an extremely useful broker for the European market, both for initial investors and experts.

It allows you to trade in 48 currency pairs and has a wide variety of accepted payments, as well as not requiring a minimum deposit to open your account.


Minimum deposit: $ / € 0
Leverage: Up to 1:200 (Indices and Forex), 1:20 (Shares), 1:2 (Cryptocurrencies)
DEMO account: Yes
Platform: ProRealTime, MetaTrader 4
Regulation: BMA (Bermuda)


Easy account opening.
Low spreads on most financial instruments.
Offers to trade CFDs on Cryptocurrencies.
Lack of supervision by more competent bodies.
The withdrawal process can be slow or uncomfortable for some customers.

This broker is one of the most advanced and offers adequate support and also for this reason, it is extremely useful for novice investors.

With your free demo account you can trade with virtual funds, just as if it were the real world, but without any risk.

Another of its advantages are its highly competitive commissions, as well as the possibility of opening accounts for beginner users, but also for the most advanced. It allows you to trade more than 100 currency pairs and it is not only limited to Forex, but you can also trade stocks, indices, commodities and cryptocurrencies.

How to choose the best Forex broker?

To choose the best Forex brokers, I recommend you follow the following characteristics:

  • Look at the currency pairs that the broker offers, of course the more options available the better, but sometimes you just have to limit yourself to those options that you want to invest in.
  • Observe the information provided by the broker to inform you, as well as the graphs.
  • Evaluate the leverage options provided by the broker.
  • Also evaluate the commissions it charges you, both to carry out operations and to withdraw your funds.
  • Analyze if it offers you the possibility of creating a free account and the minimum deposit requested by the platform.
  • Observe the regulations that the broker has.
  • Make a comparison of the payment methods and see if the one you will use is available in the broker.
  • Finally, make an analysis of the level of security offered by the broker.

Which is the safest?

To choose Forex Brokers to invest online, it is necessary to evaluate their level of security and in this case, all this is based on the regulation they have. It should be clarified that, in our Ranking of the best Forex brokers we choose only the safest ones.

Forex market hours

The Forex market is open 24 hours a day, on business days, that is, it opens on Sunday night at 23:00 p.m. and closes on Friday at 22:00 p.m.

Frequent questions:

What is a Forex broker?

A Forex broker is a company that provides financial services to allow investors to buy and sell currencies on the foreign exchange market.

What are the best Forex brokers available in 2024?

Some of the best Forex brokers available in 2024 include IG, XM, Pepperstone, Oanda, among others.

What factors should you consider when choosing a Forex broker?

When choosing a Forex broker, it is important to consider factors such as regulation, spreads, transaction costs, trading platform, customer support, and security of funds.

What is regulation in the Forex world?

Regulation is a set of laws and regulations that are designed to protect investors and maintain the integrity of the financial market. Forex brokers must comply with certain regulations to operate legally.

What are the main advantages of trading with a regulated Forex broker?

The main advantages of trading with a regulated Forex broker include increased security of funds, protection against dishonest trading practices, access to a secure and reliable trading platform, among others.

What is the difference between a Forex broker and a market maker?

A Forex broker is a company that acts as an intermediary between the investor and the foreign exchange market, while a market maker is an entity that acts as the investor's counterparty in a transaction, which can lead to a conflict of interest.

What is the minimum deposit required to open an account with a Forex broker?

The minimum deposit required to open an account with a Forex broker may vary depending on the platform. Some brokers may require a minimum deposit of just $10, while others may require a minimum deposit of several thousand dollars.

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Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the team. Do you want to know a little more about me? I invite you to read my biography.

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