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Forex Brokers

Top Forex Brokers

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We feature forex brokers that are fully regulated by the CFTC . We believe this is the most important aspect of forex trading. Please view the risks associated with forex trading at the bottom of this page. Also access our affiliate disclaimer.

We also feature brokers from these countries: Australia, Canada, Singapore, South Africa, UK

USA Forex Brokers

Forex.com – This is one of the most longstanding brokers in the industry. They have been providing access to the forex market for traders since 2001. They now operate on a worldwide scale providing service to traders in more than 150 countries. They are also one of the few major forex brokers to offer services to US-based traders.

To match their worldwide service availability, the broker is regulated by numerous top-tier regulatory bodies including some of the most respected in the industry.  The brokers reputation for transparency and trust, combined with a strong product offering and excellent trading costs, put it in prime position at the head of a very competitive sector.

Regulated by the Commodity Futures Trading Commission (CFTC).

Member of the National Futures Association (NFA #0339826).

Member of Investment Industry Regulatory Organization of Canada (IIROC)

Regulated by The Cayman Islands Monetary Authority (CIMA). This is the primary financial services regulator of the Cayman Islands.

Forex trading involves significant risk of loss and is not suitable for all investors.

Click Here to Visit Forex.com or Read our Forex.com Review


What is the CFTC?

This stands for the Commodity Futures Trading Commission. This is an independent U.S. federal agency which was established by the Commodity Futures Trading Commission Act of 1974.

The goal of the CFTC is to ensure to regulate financial markets. The idea behind this act was to prevent market participants from being subject to fraud by individuals who seek to take advantage of unsuspecting investors.

What is the NFA?

This stands for National Futures Association. The NFA is the industry-wide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Every member of the NFA has a number which identifies it as an NFA member.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.”

Affiliate Disclaimer

Some of the links in this website either through images, text, audio or video are affiliate links. This means if you click on the link and purchase the item, the owner of this website will receive an affiliate commission.

To learn more visit our affiliate disclosure page.

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Forex Brokers

Nigerian Forex Brokers

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Nigerian Forex Brokers

We have reviewed numerous forex brokers in Nigeria, there are the top 4 brokers which have met our quality guidelines and accept residents of Nigeria. We recommend the following:


Australian Forex Brokers

AvaTrade is our first recommendation for Nigerian residents. The reason for this is they are regulated in multiple jurisdictions with strict reporting requirements.  This includes being regulated in Australia by the Australian Securities & Investments Commission (License# 406684) and being regulated in South Africa (Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984).  They are also regulated in Europe & Japan.

While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the world.

A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced Australian traders.

The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.

Read our Detailed AvaTrade Review

Visit AvaTrade


Australian Forex Brokers

XM was founded in 2009. Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading and they are also our top ranked global forex brokerage. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators.

The broker caters for the needs of the forex market in more than 196 countries. This makes them one of the most available brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM.

Read Our Detailed XM Review

Visit XM


BDSwiss

BD Swiss founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries worldwide including all states in Nigeria. They are also have regulatory oversight in place from a number of trusted bodies in the industry. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419, other regulatory bodies they abide by include CySEC.

BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.

Read Our Detailed BDSwiss Review

Visit BDSwiss


Australian Forex Brokers

FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world including all parts of Nigeria. They have fast become one of the top forex brokers in the entire sector.

The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.

This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for Nigerians.

Read our Detailed FXTM Review

Visit FXTM


Nigerian Forex Regulation?

Nigeria is one of the few countries in the world which does not currently have any type of regulation in place for the trading of foreign currency.

This means that extra due diligence should be performed before you signup for any broker. When visiting a broker make sure they are licensed in jurisdictions such as:

  • Australia (ASIC)
  • Canada (IIROC)
  • Cyprus (CySEC)
  • Singapore (MAS)
  • South Africa (FSCA)
  • UK (FCA)

While the above organizations do not protect funds from clients in Nigeria, the very fact that a broker is regulated by any of these organizations ensures a minimum quality standard.

Do these brokers accept clients from all states?

While we feature many forex brokers on this website, only the brokers featured on this page currently accept clients from Nigeria. There are no regional restrictions in place for individual Nigerian states or territories.

Can I contact customer support?

We recommend forex broker in Nigeria that offer 24/7 support to all of Nigeria. In most cases you may phone, email, or use live chat.

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Forex Brokers

UK Forex Brokers

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UK Forex Brokers

We have reviewed numerous forex brokers in the UK, these are the top 6 brokers which have met our quality guidelines and accept residents of the United Kingdom. We recommend the following:


UK Forex Brokers

eToro is one of the biggest names in the industry as far as the forex market is concerned. They have been operating since 2007, and have become a household name around the world thanks to their excellent, top-tier regulation, and the unbeatable trading experience they offer to those looking to get involved in social trading or forex.

They now have locations worldwide and offer services to more than 7 million traders across hundreds of countries including all of South Africa.

eToro are extremely well-regulated by top-tier bodies around the world. These bodies include CySEC in the EU which makes the broker fully ESMA compliant, as well as the FCA in the UK.

They operate under the trading name eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

Read our Detailed eToro Review

Visit eToro


UK Forex Brokers

XM was founded in 2009 and is our our first recommendation for UK residents.

They are doing business as Trading Point of Financial Instruments UK Limited, and they are authorised and regulated by the Financial Conduct Authority (FRN: 705428).

Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading and they are also our top ranked global forex brokerage. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators including the FCA.

The broker caters for the needs of the forex market in more than 196 countries. This makes them one of the most global brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM.

Read Our Detailed XM Review

Visit XM


CityIndex

CityIndex is Regulated by the Financial Conduct Authority (FCA# 113942) which sets them apart. They are operating under the trading name GAIN Capital UK Limited.

They operate in the UK at business address: Park House, 16 Finsbury Circus, London, EC2M 7EB.

The brand name of GAIN Capital who are known in financial circles around the world, and are also listed on the New York Stock Exchange. In terms of the broker standing in the sector, City Index are one of the cornerstone names in the entire industry, having been around since 1983.

With such a long track record, it is no surprise then that City Index have become a go to destination for many experienced traders from the UK seeking an operation that is as safe as they come, with regulation in the form of several top-tier bodies.

Still the broker continues to evolve and presents an equally excellent place for newer traders to grow in the industry thanks to a very competitive, low-fee environment with a top selection of asset to choose from.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.

Read Our Detailed CityIndex Review

Visit CityIndex


UK Forex Brokers

FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world including all parts of the UK. They are registered with the FCA, ForexTime UK Limited  is authorised and regulated by the Financial Conduct Authority with license number 777911.

The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.

This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for UK residents.

Read our Detailed FXTM Review

Visit FXTM


UK Forex Brokers

AvaTrade is a top choice for UK residents, While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the sector.

A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced UK traders.

The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.

Read our Detailed AvaTrade Review

Visit AvaTrade


BDSwiss

BD Swiss founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries including the UK. They are also have regulatory oversight in place from a number of trusted bodies in the industry. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419, other regulatory bodies they abide by include CySEC.

BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.

Read Our Detailed BDSwiss Review

Visit BDSwiss

Visit FXTM


What is the FCA?

This stands for: Financial Conduct Authority (FCA).

The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

What are the requirements for FCA Brokers?

One of the requirements to be licensed by the FCA is regular submissions of indepent third-party audits, the storage of client funds in major tier banks. The complete segregation of client funds to be separate from operating funds.

Clients need to always be given near immediate access to funds.

Similar to other money authorities around the globe, brokers in the United Kingdom must provide evidence of a complete breakdown of business transactions, auditing and accounting.

How do I recognized a broker as being FCA Regulated?

All forex brokers that are registered with the FCA are identifiable by a valid FCA registration number. The number should always be located on the website, nearly always near the bottom of the page in the footer section.

Can I contact customer support?

We recommend forex broker in UK that offer 24/7  or 24/5 support to all of the United Kingdom. In most cases you may phone, email, or use live chat.

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Forex Brokers

Singapore Forex Brokers

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Singapore Forex Brokers

We have reviewed numerous forex brokers in Singapore, there are the top 5 brokers which have met our quality guidelines and accept residents of Singapore. We recommend the following:


Singapore Forex Brokers

XM was founded in 2009 and is our our first recommendation for Singapore residents. Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading and they are also our top ranked global forex brokerage. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators.

The broker caters for the needs of the forex market in more than 196 countries. This makes them one of the most global brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM.

Read Our Detailed XM Review

Visit XM


Singapore Forex Brokers

AvaTrade is a top choice for Singapore residents, While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the sector.

A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced Singapore traders.

The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.

Read our Detailed AvaTrade Review

Visit AvaTrade


CityIndex

CityIndex is Regulated by the Monetary Authority of Singapore (MAS) which sets them apart.

City Index is a trading name of GAIN Capital Singapore Pte Ltd. They have offices at 168 Robinson Road, Capital Tower #20-01, Singapore 068912.

The brand name of GAIN Capital who are known in financial circles around the world, and are also listed on the New York Stock Exchange. In terms of the broker standing in the sector, City Index are one of the cornerstone names in the entire industry, having been around since 1983.

With such a long track record, it is no surprise then that City Index have become a go to destination for many experienced traders from Singapore seeking an operation that is as safe as they come, with regulation in the form of several top-tier bodies.

Still the broker continues to evolve and presents an equally excellent place for newer traders to grow in the industry thanks to a very competitive, low-fee environment with a top selection of asset to choose from.

All trading involves risk and losses can exceed deposits.

Read Our Detailed CityIndex Review

Visit CityIndex


BDSwiss

BD Swiss founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries including Singapore. They are also have regulatory oversight in place from a number of trusted bodies in the industry. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419, other regulatory bodies they abide by include CySEC.

BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.

Read Our Detailed BDSwiss Review

Visit BDSwiss


Singapore Forex Brokers

FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world including all parts of Singapore. They have fast become one of the top forex brokers in the entire sector.

The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.

This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for Singaporeans.

Read our Detailed FXTM Review

Visit FXTM


What is MAS?

This stands for: Monetary Authority of Singapore (MAS).

This is an independent Singapore government body, it’s Singapore’s central bank and financial regulatory authority. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.

What are the requirements for MAS Brokers?

One of the requirements to be licensed by MAS, is that business funds are kept completely segregated from client funds. This is to ensure client funds are safe and not used for business expenses, dividends, or other payments.

Another requirement is that the broker only employs staff that is properly qualified to operate in money markets. Each broker must provide a full list of employees in combination with their qualifications before a business can become operational.

Similar to other money authorities around the globe, brokers in Singapore must provide evidence of a complete breakdown of business transactions, auditing and accounting.

Can I contact customer support?

We recommend forex broker in Singapore that offer 24/7  or 24/5 support to all of Singapore. In most cases you may phone, email, or use live chat.

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Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

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