Best Forex Brokers by Country 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 from 14 countries.

To create in-depth and unbiased forex broker reviews by country, we

  1. checked the broker licenses and status in each country
  2. opened a real account with the brokers
  3. made real money deposit between $4000-$8000
  4. placed 3 trades in the popular instrument of each market to determine the average spread
  5. reached out to the broker’s customer support team to resolve the issues we encountered
  6. withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
  7. compared trading data and experience to pick the best brokers

Please see the brokers by country list below

CountryRegulatorOur Review
USACommodity Futures Trading Commission (CFTC)
National Futures Association (NFA)
Best Forex Brokers in USA
UKFinancial Conduct Authority (FCA)Best Forex Brokers in UK
AustraliaAustralian Securities & Investment Commission (ASIC)Best Forex Brokers in Australia
New ZealandFinancial Markets Authority (FMA)Best Forex Brokers in New Zealand
CanadaInvestment Industry Regulatory Organization of Canada (IIROC)Best Forex Brokers in Canada
CyprusCyprus Securities and Exchange Commission (CySEC)Best Forex Brokers in Cyprus
UAEDubai Financial Services Authority (DFSA)Best Forex Brokers in UAE
SingaporeMonetary Authority of Singapore (MAS)Best Forex Brokers in Singapore
KenyaCapital Markets Authority (CMA)Best Forex Brokers in Kenya
IndiaSecurities and Exchange Board of India (SEBI)Best Forex Brokers in India
NigeriaCentral Bank of Nigeria (CBN)Best Forex Brokers in Nigeria
South AfricaFinancial Sector Conduct Authority (FSCA)Best Forex Brokers in South Africa
PhilippinesSecurities and Exchange Commission (SEC)Best Forex Brokers in Philippines
MalaysiaSecurities Commission of Malaysia (SCM)Best Forex Brokers in Malaysia

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

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