Top Online Brokers

Some top online forex brokers that are mostly suggested for retail forex trading are given below. The number given in parenthesis shows their independent trader rating. Dukascopy Swiss FX (8.69) Headquarters: Geneva, Switzerland Founded: 1998 Business Model: ECN Forex Online Since: 2004 Regulated by: ARIF Platform: Swiss FX Marketplace Minimium Account: $50,000 Typical Spread on Majors: 0.5-1 pip Minimum Transaction: 1,000,000 units Maximum Leverage: 100:1 Delta Stock (8.49) Headquarters: Sofia, Bulgaria Founded: 1998 Business Model: Market Maker Forex Online Since: 2001 Regulated by: FSA, FSC, BNB, & CNVM Platform: Delta Trading Minimium Account: $100 Typical Spread on Majors: 3–5 pips Minimum Transaction: 1000 units Maximum Leverage: 200:1 Alpari IDC (7.66) Headquarters: London, UK Founded: 1998 Business Model: Market Maker Forex Online Since: 2004 Regulated by: FSA, CFTC, NFA Platform: Meta Trader 4 Minimium Account: $200 Typical Spread on Majors: 2-4 pips Minimum Transaction: 1000 units Maximum Leverage: 100:1 MG Financial Group (MG Forex (7.64) Headquarters: New York, NY, USA Founded: 1992 Business Model: Market Maker Forex Online Since: 2000 Regulated by: CFTC, NFA Platform: Dealbook Web Minimium Account: $200 Typical Spread on Majors: 3-5 pips Minimum Transaction: 10,000 units Maximum Leverage: 400:1 Windsor Brokers,Ltd. (8.73) Headquarters: Limassol, Cyprus Founded: 1998 Business Model: Market Maker Forex Online Since: 2005 Regulated by: FSA, CySEC Platform: Windsor Direct 4 Minimium Account: $300 Typical Spread on Majors: 2-5 pips Minimum Transaction: 10,000 units Maximum Leverage: 200:1 MB Trading (7.92) Headquarters: El Segundo, CA, USA Founded: 1999 Business Model: ECN Forex Online Since: 2004 Regulated by: CFTC, NFA, FCM, SPIC, FINRA Platform: MBT Navigator Minimium Account: $400 Typical Spread on Majors: 1-2 pips Minimum Transaction: 1000 units Maximum Leverage: 100:1 Questrade Inc. (7.67) Headquarters: Toronto, ON, CA Founded: 1999 Business Model: Market Maker Forex Online Since: 2004 Regulated by: IDA, CIPF Platform: QuestradeFX Minimium Account: $250 Typical Spread on Majors: 3-5 pips Minimum Transaction: 10,000 units Maximum Leverage: 200:1 Oanda (6.38) Headquarters: New York, NY Founded: 1996 Business Model: Market Maker Forex Online Since: 2001 Regulated by: NFA, CFTC Platform: FXTrade Minimium Account: $1 Typical Spread on Majors: 1-3 pips Minimum Transaction: 1 unit Maximum Leverage: 50:1 Interactive Brokers (6.99) Headquarters: Greenwich, CT, USA Founded: 1977 Business Model: ECN Forex Online Since: 1998 Regulated by: SEC, NASD, NYSE, SFA, FINRA Platform: Trader Workstation Minimium Account: $5000 Typical Spread on Majors: 1-3 pips Minimum Transaction: 100,000 units Maximum Leverage: 50:1