We List the Best Brokers for Online Trading in 2024

At BestBrokers.com, we use our own ranking system based on several factors to list and rank the best brokers where you can trade forex, stocks, cryptocurrencies, and commodities. Our website is the quickest way to pick the right online brokerage from the numerous online trading sites available on the internet. Our main priority is to objectively assess, compare, and rank brokers so that you can easily decide where to trade on the web.

Our ranking algorithm considers the brokers’ overall reputation, their financial regulators, trading costs, deposit/withdrawals fees, withdrawal processing times, KYC verification procedures, software, customer feedback, and more.

The mission of BestBrokers.com has always been to assist traders in making well-informed decisions about where to invest. We achieve this through our sophisticated methodology and unwavering commitment to providing traders with unbiased ranking and information.

Most Popular Brokers

  1. Min Deposit
    $1
    Min Spread
    0.00 pips
    Instruments
    Forex, Crypto, Stocks
    Regulations
    ASIC (Australia), VFSC (Vanuatu)
    Software
    MetaTrader 4, MetaTrader 5, WebTrader (MT4), Myfxbook Auto Trade, DupliTrade, Fusion+ Copy Trading
    Banking Methods
    Mastercard and Visa (debit and credit), FasaPay, Jeton, Neteller, PayPal, Skrill, Perfect Money, Doku, OnlineNaira, Interac Online, Tether, Bitcoin, Litecoin, Ethereum, Broker-to-Broker Funds Transfer, TransferWise, Bank Wire Transfers
    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  2. Min Deposit
    $100
    Min Spread
    0.9 pips
    Instruments
    Forex, Crypto, Stocks
    Regulations
    CySEC (EEA), FRSA (Abu Dhabi), FSA (Japan), FSCA (South Africa), ISA (Israel), ASIC (Australia), FCA (United Kingdom), FSC (British Virgin Islands), CBI (Ireland)
    Software
    MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO, AvaOptions, ZuluTrade, DupliTrade, AvaSocial
    Banking Methods
    Visa, Mastercard, Skrill, PayPal, Neteller, WebMoney, Wire Transfers, MoneyGram, Perfect Money, POLi, Klarna
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
  3. Min Deposit
    Ranges from $10 to $10,000 based on region, payment method, and account type
    Min Spread
    1 for major pairs CFDs on average
    Instruments
    Forex, Crypto, Stocks
    Regulations
    CySEC (EEA), ASIC and AFSL (Australia), FCA (United Kingdom), DNB (the Netherlands), FINRA, SIPC, and FINCEN (the USA), SFSA (Seychelles)
    Software
    OpenBook (social trading platform), WebTrader (proprietary platform)
    Banking Methods
    Visa, Maestro, Mastercard, Diners Club International, JCB, WebMoney, PayPal, Rapid Transfer, Bank Transfer, Neteller, Skrill, Klarna, Trustly, FasaPay, UnionPay, Bpay, WebMoney
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
  4. Min Deposit
    $1
    Min Spread
    0.00 pips
    Instruments
    Forex, Crypto, Stocks
    Regulations
    ASIC (Australia), DFSA (Dubai), FCA (UK)
    Software
    MetaTrader 4, Meta Trader Mobile, Meta Trader Web
    Banking Methods
    Mastercard and Visa (debit and credit), Neteller, Skrill, Bank Wire Transfers, JCB, Unionpay, Bpay
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.9% 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.
  5. Min Deposit
    $5
    Min Spread
    From 1.80 pips
    Instruments
    Forex, Crypto, Stocks
    Regulations
    IFSC (Belize), CySEC (EEA), ASIC (Australia)
    Software
    MetaTrader 4, MetaTrader 5
    Banking Methods
    Mastercard and Visa (debit and credit), Neteller, Skrill, Bank Wire Transfers, Unionpay, Maestro, Sofort, Bitcoin
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.9% 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.

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How we rank brokers?

We guarantee for all the brokers listed on our site. If you face any issues with one of them, we will act as a mediator to help resolve your problem. Below you can read more about the ranking factors behind our algorithm.

  1. Regulation and Licensing

    A valid license from an accredited financial authority is a key criterion when choosing a forex brokerage. Smart traders always favour authorized brokers - this inevitably ensures their best interests will be protected even if the trading company declares insolvency.

    Licenses show which regulator controls the activities and quality of the trading services provided by the brokers. We only list brokerages within the regulatory ambit of the most respected financial watchdogs in the world.

    Some of them include the FCA (the UK Financial Conduct Authority), ASIC (the Australian Securities and Investment Commission), NFA (the United States National Futures Association), FINMA (the Swiss Financial Market Supervisory Authority), and CySEC (the Cyprus Securities and Exchange Commission).

  2. Trading Fees

    Some brokers charge commissions, while others build the associated trading costs straight into their spreads. A commission is similar to the spread in that the broker charges it on every open trading position. The trader must then close their position on profit to cover the commission.

    Comparing trading costs is of the utmost importance when selecting a broker. Costlier commissions and higher spreads will eventually eat up your trading profits. The same goes for any potential advisory fees and account-maintenance expenses.

  3. Trade Execution Speed

    Order execution can be of vital importance for your success as a trader. The term refers to the process of the broker accepting and filling traders’ buy/sell orders on their behalf. The speed at which this happens has a direct impact on traders’ bottom line. Slow order execution speed will ultimately cost you money and vice versa.

    The quality of order execution depends on the respective broker’s software and the number of liquidity providers. Good brokers execute orders within milliseconds. Lightning-fast order execution results in several advantages from traders’ perspective - less slippage, fewer rejected orders, and fewer requotes.

  4. Withdrawal Processing Times

    Withdrawals should not take more than 72 hours after the successful completion of your KYC verification. Trusted and regulated brokers never find excuses to delay or decline withdrawals. Good brokerages never intentionally make it difficult for customers to cash out their trading profits. The only reason they hold customers’ funds in the first place is to facilitate trading and make it easier.

  5. Trading Platforms

    We list brokers using MT4, MT5, and cTrader as well as proprietary platforms after additionally checking and verifying their software. We favour brokerages with user-friendly and robust platforms with many additional features like charting and technical analysis tools. The lack of intuitiveness and tools can lead to a lower ranking on our behalf.

  6. Customer Reviews

    We collect and analyse reviews written by traders about the brokers we list on our site. Nothing reflects the quality of a brokerage service more than the feedback of real traders. We sift the most reliable brokers that boast the best customer feedback with the help of our ranking algorithm.

All Brokers

Admiral Markets
AvaTrade
Axi
BlackBull Markets
CMC Markets
eToro
FP Markets
Fusion Markets
FxPro
FXTM
Global Prime
IC Markets
IG
Oanda
Pepperstone
Plus500
Swissquote
Vantage FX
XM
XTB