Forex brokers are fintech firms or dealers that facilitate the trading of currencies on the foreign exchange market (Forex). They act as intermediaries between individual traders and the interbank system. There are thousands of Forex and CFD brokers online
Finding the right forex broker that meets your specific trading needs is a difficult task especially as there are numerous online brokers available today. Many of them offer similar services on the surface; so deep research, careful analysis, or hands-on experience is often needed to completely describe the services provided by a broker.
At Brokersway, we understand that every broker is different; just like every trader is different. So, we have utilized our skills, expertise, and resources to analyze various top-performing brokers. The list has been further narrowed to the top 15 forex brokers in the world.
Below are our top 15 brokers in the world:
- Pepperstone –
- IC Markets
- eToro
- Exness
- LMFX
- Oanda
- XMÂ
- HotForex Markets
- FXTMÂ
- EightCapÂ
- FBSÂ
- Tickmill
- Moneta MarketsÂ
- FP MarketsÂ
- AvaTrade
What is a Forex Broker?
A forex broker refers to a financial services company that provides traders with access to a platform for buying and selling foreign currencies. These brokers offer online currency trading round the clock on weekdays; that is, 24/5.
The forex market is the virtual marketplace where participants from all over the world buy and sell national currencies. It is currently the largest market in the world with over $6.6 trillion in daily trading volume. The market is structured in such a way that access to the market is tiered as follows:
