Top Online Brokers

Some top online forex brokers that are mostly suggested for retail forex trading are given below. The number given in parenthesis shows their independent trader rating.

Dukascopy Swiss FX (8.69)

Headquarters: Geneva, Switzerland


Founded: 1998

Business Model: ECN


Forex Online Since: 2004

Regulated by: ARIF


Platform: Swiss FX Marketplace

Minimium Account: $50,000


Typical Spread on Majors: 0.5-1 pip

Minimum Transaction: 1,000,000 units


Maximum Leverage: 100:1

Delta Stock (8.49)

Headquarters: Sofia, Bulgaria


Founded: 1998

Business Model: Market Maker


Forex Online Since: 2001

Regulated by: FSA, FSC, BNB, & CNVM


Platform: Delta Trading

Minimium Account: $100


Typical Spread on Majors: 3–5 pips

Minimum Transaction: 1000 units


Maximum Leverage: 200:1

Alpari IDC (7.66)

Headquarters: London, UK


Founded: 1998

Business Model: Market Maker


Forex Online Since: 2004

Regulated by: FSA, CFTC, NFA


Platform: Meta Trader 4

Minimium Account: $200


Typical Spread on Majors: 2-4 pips

Minimum Transaction: 1000 units


Maximum Leverage: 100:1

MG Financial Group (MG Forex (7.64)

Headquarters: New York, NY, USA


Founded: 1992

Business Model: Market Maker


Forex Online Since: 2000

Regulated by: CFTC, NFA


Platform: Dealbook Web

Minimium Account: $200


Typical Spread on Majors: 3-5 pips

Minimum Transaction: 10,000 units


Maximum Leverage: 400:1

Windsor Brokers,Ltd. (8.73)

Headquarters: Limassol, Cyprus


Founded: 1998

Business Model: Market Maker


Forex Online Since: 2005

Regulated by: FSA, CySEC


Platform: Windsor Direct 4

Minimium Account: $300


Typical Spread on Majors: 2-5 pips

Minimum Transaction: 10,000 units


Maximum Leverage: 200:1

MB Trading (7.92)

Headquarters: El Segundo, CA, USA


Founded: 1999

Business Model: ECN


Forex Online Since: 2004

Regulated by: CFTC, NFA, FCM, SPIC, FINRA


Platform: MBT Navigator

Minimium Account: $400


Typical Spread on Majors: 1-2 pips

Minimum Transaction: 1000 units


Maximum Leverage: 100:1

Questrade Inc. (7.67)

Headquarters: Toronto, ON, CA


Founded: 1999

Business Model: Market Maker


Forex Online Since: 2004

Regulated by: IDA, CIPF


Platform: QuestradeFX

Minimium Account: $250


Typical Spread on Majors: 3-5 pips

Minimum Transaction: 10,000 units


Maximum Leverage: 200:1

Oanda (6.38)

Headquarters: New York, NY


Founded: 1996

Business Model: Market Maker


Forex Online Since: 2001

Regulated by: NFA, CFTC


Platform: FXTrade

Minimium Account: $1


Typical Spread on Majors: 1-3 pips

Minimum Transaction: 1 unit


Maximum Leverage: 50:1

Interactive Brokers (6.99)

Headquarters: Greenwich, CT, USA


Founded: 1977

Business Model: ECN


Forex Online Since: 1998

Regulated by: SEC, NASD, NYSE, SFA, FINRA


Platform: Trader Workstation

Minimium Account: $5000


Typical Spread on Majors: 1-3 pips

Minimum Transaction: 100,000 units


Maximum Leverage: 50:1