Best Forex Brokers in 2021

 Do you want to speculate on whether the Euro (EUR), currency, will rise in value relative to the US Dollar (USD). Spread betting (or trading) on the EUR/USD currency pair is a good idea if you are looking to speculate that the Euro (EUR) currency will rise in value against the US Dollar (USD). Forex is the biggest and most liquid currency market in the world. It represents every global currency, with trading taking place 24 hours a days, 5 days a week.

An online broker is required to trade forex. A trusted forex broker is essential for your success on international currency markets. You may have particular needs as a currency trader, investor or researcher. Knowing your investment style will help you choose the best forex broker for you.

ForexBrokers.com spends five years testing the most prominent names in foreign currency and compiles a guide of the top forex brokers to trade forex and CFDs. These are our findings for 2021.

CFDs can be complex instruments that are subject to high leverage and have a high chance of losing money quickly. CFD trading can cause losses of between 65% and 82% in retail investor accounts. It is important to understand the basics of CFDs and assess whether you are able to afford to lose your money.

Top Forex Brokers in 2021

  • IG - Best forex broker overall, most trusted
  • Saxo Bank - Best for research
  • CMC Markets - Best web platform, most currency pairs
  • Interactive Brokers - Great for professionals and institutions
  • TD Ameritrade FX - Excellent trading platform, US only
  • City Index - Great all-round offering
  • XTB - Best customer service, great platform
  • FOREX.com - Great all-round offering
  • eToro - Best copy trading platform

Best Overall 

IG (LSE : IGG), a global regulator and trusted broker, offers traders the best combination of outstanding trading and research tools and industry-leading education. Competitive pricing and a wide range of tradeable products are all part of the package. This amazing all-round experience has made IG the top forex broker in 2021. 70% of retail investor accounts lose their money 

Best for Research

Saxo Bank is a great option for traders who can afford to deposit USD 10,000 (GBP 500 in the UK). It offers excellent pricing, outstanding trading platforms, brilliant customer service, and more than 40,000 instruments. 64% of retail investor accounts fail. 

The best web trading platform for most currency pairs

CMC Markets, a trusted broker worldwide, offers a great offering for traders due to its excellent pricing and almost 10,000 tradeable instruments. CMC Markets (LSE : CMCX), offers the best forex trading platform. Its flagship Next Generation web application is packed with high-quality research, innovative trading tools and powerful charting. 69% of retail investor accounts lose their money 

Excellent for professionals and institutions

Interactive Brokers is a multi-asset broker for professional forex traders and CFD traders. It offers sophisticated trading platforms and competitive fees. Interactive Brokers (NASDAQ : IBKR), offers advanced order types, and access to global financial market. (66 percent of retail investor accounts lose their money) Full review


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