OctaFX Review
5.0(1 review)
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Forex Brokers Review: Compare Top Forex Brokers Side by Side
Explore top forex brokers side by side. Compare trading platforms, broker type, minimum deposit, bonus offers and real user ratings in one place, then open an account with the broker that fits your trading style. Every broker on this list is checked for regulation, trading costs, deposit and withdrawal speed and bonus terms, so you can compare ECN, STP and market maker accounts on equal terms. Make an informed choice today.
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Featured Forex Brokers with Bonus Offers
Our editors' picks this month, ranked by user rating, bonus value and account conditions.
DB Investing Review
5.0(2 reviews)
$35 Forex No Deposit Bonus
Broker comparison
Forex Broker Comparison Table
| Broker | Trading Platform | Broker Type | Min. Deposit | User Reviews | Official Site |
|---|---|---|---|---|---|
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MT4 for Desktop, MT4 Web Terminal, MT4 … | STP/ECN | $1 | No reviews yet | Open AccountView Profile |
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Web Trader | CFDs | $250 | No reviews yet | Open AccountView Profile |
|
MetaTrader 4 (MT4), MetaTrader 5 (MT5),… | STP/ECN | $25 | (5.0/5) | Open AccountView Profile |
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MetaTrader 4 (MT4) | STP/ECN | $1 | (3.0/5) | Open AccountView Profile |
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MetaTrader4 (MT4), Web Platform and Mob… | STP/ECN | $100 | (5.0/5) | Open AccountView Profile |
|
MT5-Web platform, MT5-Android, MT5-Wind… | STP/ECN | $100 | (5.0/5) | Open AccountView Profile |
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MetaTrader 4 | MM/ECN/STP | $100 | No reviews yet | Open AccountView Profile |
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MetaTrader 4 | NDD | $100 | No reviews yet | Open AccountView Profile |
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MetaTrader 4 | STP/ECN | $100 | No reviews yet | Open AccountView Profile |
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MetaTrader4 | STP/ECN | $250 | No reviews yet | Open AccountView Profile |
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Proprietary | STP/ECN | $10 | No reviews yet | Open AccountView Profile |
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ECN Pro Platform, MultiBank Pro MT4 Pla… | STP/ECN | $50 | No reviews yet | Open AccountView Profile |
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NetTradeX, MetaTrader4 | DMA/STP | $5 | No reviews yet | Open AccountView Profile |
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MetaTrader 4 (MT4) | STP/ECN | $100 | No reviews yet | Open AccountView Profile |
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MT4 Desktop, Mobile, WebTrader | STP/ECN | $10 | (5.0/5) | Open AccountView Profile |
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MetaTrader4, MT4 Android, MT4 iPhone Tr… | STP/ECN | $200 | (5.0/5) | Open AccountView Profile |
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Trade Platform - Mobile Apps, Web Platf… | Market Maker | $20 if the funds are transferred via credit/debit card, Apple Pay, or PayPal. For bank transfers, the minimum deposit is $250 | No reviews yet | Open AccountView Profile |
No broker matches that search. Clear the search box or choose "All broker types".
How We Review Forex Brokers
Every forex broker review on FXNewBonus follows the same checklist, so you can compare brokers on equal terms. We open live and demo accounts, test deposits and withdrawals, read the bonus terms line by line and collect ratings from real traders.
Regulation and safety
Licence, segregated client funds, negative balance protection and company history.
Trading costs
Average EUR/USD spread, commission per lot, swap rates and inactivity fees.
Trading platforms
MetaTrader 4, MetaTrader 5, cTrader, web trader and mobile apps, plus execution speed.
Bonus and promotions
No deposit bonus, deposit bonus, rebates and the real trading volume needed to withdraw.
Deposit and withdrawal
Minimum deposit, payment methods, processing time and withdrawal fees.
Support and user reviews
Live chat response time, support languages and verified ratings from our readers.
Forex Broker Types Explained
The broker type tells you how your orders are executed and how the broker earns money. It is one of the most important columns in the comparison table above.
| Broker type | How it works | Best for |
|---|---|---|
| ECN/STP | Orders go straight to banks and liquidity providers. Raw spreads plus a small commission. | Scalpers, EA and high-volume traders |
| ECN/STD | Offers both ECN accounts and standard accounts with commission-free, slightly wider spreads. | Beginners who may upgrade later |
| Market Maker | The broker quotes its own prices and takes the other side of your trade. Often fixed spreads. | Small accounts that want predictable costs |
| CFDs | Contracts for difference on forex, indices, metals, crypto and shares from one account. | Multi-asset traders |
Which Trading Platform Should You Choose?
MetaTrader 4
The classic forex platform. It is light, stable and has the biggest library of expert advisors and custom indicators.
MetaTrader 5
21 timeframes, more pending order types, a built-in economic calendar and access to stocks and futures. Most brokers in this review offer MT5.
cTrader and Web Trader
cTrader has a clean interface with Level II market depth, popular with ECN traders. A web trader runs in your browser with nothing to install.
Minimum Deposit: How Much Do You Need?
Minimum deposits on this list range from $1 at Valetax up to $250 at PatronFX. Most brokers ask for between $100 and $250. If you want to test a broker without risking your own money, start with a forex no deposit bonus.
How to Open an Account With a Forex Broker
- Compare brokers in the table above and shortlist two or three that match your platform and budget.
- Read the full review using "View Profile" to check regulation, fees and bonus rules.
- Open a demo account to test execution, spreads and the mobile app.
- Verify your identity with a passport or ID and a proof of address.
- Fund your account or claim a no deposit bonus, then start with a small position size.
Forex Brokers Review: Frequently Asked Questions
What is a forex broker review?
A forex broker review is an independent check of a broker's regulation, trading platforms, account types, minimum deposit, spreads, bonus terms and withdrawal record. It helps you judge whether a broker is safe and suitable before you open an account.
How do I choose the best forex broker?
Start with regulation, then compare trading costs (spread and commission), the platform you prefer (MT4, MT5 or cTrader), the minimum deposit, available bonuses and real user reviews. Open a demo account first to test execution and support.
What is the difference between ECN, STP and Market Maker brokers?
ECN and STP brokers pass your orders to liquidity providers, so pricing is variable and the broker earns from spreads or commission. A Market Maker takes the other side of your trade and usually offers fixed spreads. ECN accounts tend to suit active traders; STD (standard) accounts suit beginners.
What minimum deposit do I need to start forex trading?
It depends on the broker. On this list the lowest minimum deposit is $1 at Valetax, while most brokers ask for $100 to $250. You can also start with a forex no deposit bonus and no money of your own.
Is MetaTrader 5 better than MetaTrader 4?
MT5 is newer, supports more timeframes, more order types, an economic calendar and multi-asset trading. MT4 is simpler and still has the largest library of expert advisors. Both are widely offered by the brokers reviewed here.
Are the broker reviews on FXNewBonus free to use?
Yes. All broker reviews, comparisons and user ratings on FXNewBonus are free. Some links are partner links, which never change how we rate a broker.