If you are new to Forex Trading, you might be overwhelmed by the number of Forex and CFD brokers available online. Many of them are scams and you should keep that in mind when search for a trading broker. Before you get into your trading strategy, make sure you are registered with a reliable company. That’s why we made it our mission to bring you the very best Forex brokers on the market.
So if you don’t have time to do your own Forex research because you want to trade straight away, you can use the following Forex brokers instead. These top forex brokers were hand-picked by us after conducting careful research and scrutinizing every product and services offered by them. In addition to this, we also looked at various customer reviews before awarding a rating appropriately.
Furthermore, if you want to trade Forex, Stocks or cryptocurrencies, start on a free demo with a regulated broker. You can make profits, but also losses. However, at a licensed broker, they will not steal your money, and block your withdrawal requests.
Top Rated Forex Brokers for 2023 (Best for Beginners)
|Brokers||Free Demo||Regulations||Minimum Deposit||Link|
|Yes||CySEC, ASIC, FCA, IFSC||$5|
|Yes||CySEC, US NFA, FSC||$100|
Safety of Funds
It remains a fact that most unregulated brokers are involved in some sort of investment scam, and those operating anonymously are 99.99% fraudsters. These fact cannot be ignored.
Now, the rules that regulators have put for Forex brokers who are based in US, Cyprus, Switzerland, Australia, South Africa and even the UK are quite tough compared to those which govern off shore brokers situated in countries like Belize and Estonia.
Since traders have no protection at all when dealing with off shore brokers, we recommend that all traders should only deal with companies that are well regulated and authorized to provide trading services to members of the public.
ASIC (Australia), BaFin (Germany), IIROC (Canada), JFSA (Japan), FCA (UK), CMA (Kenya) and CySEC (EU) regulated brokers. Trade with confidence knowing that all your funds are safe, segregated and secured by military grade DDOs and SSL encryption.
You will be able to select these from brokers on this page as they are either regulated by CySEC, ASIC and many other reliable regulatory organizations.