XM
Best overall broker, most trusted
Our Rating: ⭐⭐⭐⭐⭐
- FEES: 0,6 pips
- ACCOUNT MINIMUM: $5
- Bonus: 30$ Open Live Account
EXNESS
Best web-based trading platform
Our Rating: ⭐⭐⭐⭐⭐
- FEES: 0.0 Pip
- ACCOUNT MINIMUM: $10
- Bonus: 30$ Open Live Account
XTB
Broker forex for beginners
Our Rating: ⭐⭐⭐⭐⭐
- FEES: 0.1 pips
- ACCOUNT MINIMUM: $1
- Bonus: Cashback $500
RATING TOP 3 BEST FOREX BROKERS 2023 – 2024
TOP 1 – EXNESS
Exness is a forex and CFD broker that was founded in 2008. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Exness offers a wide range of trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The company also offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and its own proprietary platform, Exness Trader.
Exness has a long history of providing quality trading services to its clients. The company has won numerous awards for its customer service, trading conditions, and innovation. In 2020, Exness was named the “Best Forex Broker” by the World Finance Awards.
Name of the Company | Exness (Cy) Ltd |
Official Website | exness.com |
Headquarters | Cyprus |
Founding Year | 2008 |
Regulated | Yes (CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA) |
Assets Offered | Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks |
Customer Support | 24/7 Support, Email, Phone, & Live Chat |
Demo Account | Yes |
Minimum Deposit | $10 |
Maximum Leverage | 1:2000 to Unlimited |
Trading Fees | Varies by Account Type |
Withdrawal Fee | $0 |
Inactivity Fee | $0 |
U.S. Persons | Not Allowed |
Islamic Accounts | Yes |
Execution Type | Market Maker |
Trading Platforms | MetaTrader 4, MetaTrader 5, Proprietary platform |
Signals | Yes |

Pros
- Extensive range of assets with competitive spreads.
- High maximum leverage to execute any sort of strategy.
- Comprehensive price history and signals.
- MetaTrader Suite available.
- Swap-free assets available.
- Low trading fees.
- Fast withdrawals with no cost.
- Islamic and demo accounts available.
Cons
- U.S. citizens and residents are not allowed.
- Limited educational content on mobile apps.
- Lack of proper copy trading options.
TOP 2 – XM
XM was established in 2009 and is headquartered in Cyprus. They provide online trading platforms that allow clients to trade Forex and CFDs (Contracts for Difference) on various instruments, including currencies, commodities, equity indices, precious metals, and energies. XM has grown into a global company with clients from over 196 countries.
XM is regulated by multiple financial authorities, which ensures their compliance with industry standards and the protection of client funds. They hold licenses from the following regulatory bodies:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- International Financial Services Commission (IFSC)
Headquarters | Cyprus, Australia, Belize and Dubai |
Established | 2009 |
Regulation | ESMA, CySEC, ASIC, FSC and DFSA |
Platforms | MT4 and MT5 |
Instruments | Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. |
Minimum Deposit | $5 |
Deposit Methods | Multiple local payment methods available |
Mobile Trading | Available |
Web Trading | Available |
Minimum Trade Size | 0.01 |
Maximum Leverage | 1:888 ( Note: “This leverage is not available to all the entities of the Group. The maximum leverage for clients registered under the EU regulated entity of the Group is 30:1” ) |
ECN | Available |

Pros
- XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
- No “markup” on narrow market spreads (broker’s margins over the spread);
- over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
- No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
Cons
- Passive investment services (social trading platform, PAMM accounts);
- Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
XTB is a global online financial trading company that offers a wide range of trading products, including forex, CFDs, commodities, and indices. The company is headquartered in Poland and is regulated by the Polish Financial Supervision Authority (KNF). XTB also has a number of other regulatory licenses, including from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).
Country of regulation | UK, Poland, Cyprus, Spain, Belize, Dubai |
Trading fees class | Low |
Inactivity fee charged | Yes |
Withdrawal fee amount | $0 |
Minimum deposit | $0 |
Time to open an account | 1 day |
Deposit with bank card | Available |
With electronic wallet | Available |
Number of base currencies | 5 |
Demo account provided | Yes |
Products offered | Real stocks and ETFs (only for some European clients), CFD (forex, equity, indices, crypto, commodity) |

Pros
- Founded in 2002, XTB is publicly traded and regulated in two Tier-1 jurisdictions, two Tier-2 jurisdictions, and one Tier-4 jurisdiction.
- XTB’s xStation platform suite provides excellent usability alongside a robust selection of trading tools and features.
- XTB offers an excellent variety of extensive educational videos and written content, and over 200 lessons via its Trading Academy.
Cons
- Aside from its weekly webinars, XTB does not provide daily video updates in English (but does so in other languages).
- MetaTrader (MT4) is no longer promoted at XTB’s U.K., Poland, and Cyprus branches – though it can be requested manually from select global XTB offices.
- Custom investment basket tool has been temporarily discontinued from xStation 5 platform.