Best Forex Brokers by Category 2021
Up to July 2021, we have tested 33 forex brokers by opening 33 live accounts, depositing over US$150,000, placing over 400 trades and making over 120 deposits and withdrawals by various trading accounts type and conditions.
To create in-depth and unbiased forex broker reviews by offering, we
- checked the broker licenses and status in each country
- opened a real account with the brokers
- made real money deposit between $4000-$8000
- placed 3 trades in the popular instrument of each market to determine the average spread
- reached out to the broker’s customer support team to resolve the issues we encountered
- withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
- compared trading data and experience to pick the best brokers
Please see the brokers by country list below
| Category | Our Review |
|---|---|
| Way to Trade | Best Binary Options Brokers |
| Way to Trade | Best Spread Betting Platforms |
| Way to Trade | Best CFD Brokers |
| Account Type | Best ECN Forex Brokers |
| Account Type | Best Forex Brokers Offering ZAR Account |
| Account Type | Best Islamic Swap-Free Forex Brokers |
| Account Type | Best Forex Brokers Offering Cent & Micro Account |
| Trading Condition | Best High Leverage Forex Brokers |
| Trading Condition | Best Zero Spread Forex Brokers |
| Trading Condition | Best Lowest Spread Forex Brokers |
| Social Trading | Best Forex Brokers with ZuluTrade |
| Social Trading | Best Social Trading Platforms |
| Social Trading | Best Forex Copy Trading Platforms |
| Trading Platform | Best MT4 Forex Brokers |
| Trading Platform | Best MT5 Forex Brokers |
| Trading Platform | Best Forex Trading Platforms |
| Trading Platform | Best Forex Trading Apps |
| Trading Platform | Best Day Trading Platforms |
| Bonus | Best No Deposit Bonus Forex Brokers |
| For Beginner | Best Forex Brokers for Beginners |
| For Beginner | Forex Trading for Beginners |
| For Beginner | Forex Trading Courses |
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology