Finding the best forex trading platform as a beginner can be a difficult process. Don’t worry, we’ve got you covered.

Below, we’ve listed the Top 10 Best regulated forex brokers in 2021, which provides the lowest spreads & commissions, highest leverage, excellent customer support, and fast withdrawals.

Here’s a breakdown of the top 10 best forex brokers in 2021:

  1. XM – Best Overall Forex Broker For Beginners.
  2. HotForex – Most Trusted Online Forex Broker.
  3. FXTM – Best Online Broker For Forex Trading.
  4. IC Markets – Best Forex Broker With The Lowest Spreads.
  5. Alpari – Great For Dedicated Forex Traders.
  6. eToro – Best Forex Broker For Copy Trading.
  7. BDSWISS – Best Reliable Forex Broker.
  8. Exness – Best Broker For Forex Investors.
  9. PaxForex – Best FX Broker For Online Trading.
  10. RoboForex – Award Winning International Forex Broker.

Below is the list of all the best forex brokers in 2021. We’ve also included the pros & cons of each broker with links to the brokers’ official website.

#1. XM Broker ??

9.6

Trading Experience

9.6/10

Customer Support

9.4/10

Mobile Trading

9.6/10

Asset Coverage

9.6/10

Funding/Withdrawal

9.7/10

Fees

9.3/10

Security

9.7/10

Pros

  • Regulated By ASIC, CySEC and IFSC
  • Foundation Year: 2009
  • Min. Deposit: $5
  • Min. Trade: 0.01 Micro lots
  • Max. Leverage: 1:888
  • Lowest Spreads: 0.1 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Zero Commission On All Trades
  • A Solid Educational Offering For Beginner Traders With Daily Interactive Live Trading Rooms
  • Great Customer Support & Fast Withdrawals

Cons

  • No Forex ECN Account


#2. HotForex Broker?

9.3

Trading Experience

9.3/10

Customer Support

9.3/10

Mobile Trading

9.4/10

Asset Coverage

9.0/10

Funding/Withdrawal

9.3/10

Fees

9.2/10

Security

9.5/10

Pros

  • Regulated By CySEC, DFSA, FCA, FSA-SC, FSCA
  • Foundation Year: 2010
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.0 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Accounts Available
  • Great Customer Support and Beginner Friendly
  • Lots Of Premium MetaTrader Tools And Indicators Such as AutoChartist

Cons

  • Only 56 Shares Are Available


#3. FXTM Broker ?

8.8

Trading Experience

8.8/10

Customer Support

8.7/10

Mobile Trading

8.8/10

Asset Coverage

8.7/10

Funding/Withdrawal

8.4/10

Fees

8.9/10

Security

9.0/10

Pros

  • Regulated By CySEC, FCA and FSC
  • Foundation Year: 2011
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.3 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Offers Both ECN and Standard Accounts
  • Impressive Research and Education Services

Cons

  • Traders From USA, Canada and Iran Not Welcomed


#4. IC Markets Broker

9.2

Trading Experience

9.7/10

Customer Support

9.3/10

Mobile Trading

9.4/10

Asset Coverage

9.1/10

Funding/Withdrawal

9.3/10

Fees

8.7/10

Security

9.0/10

Pros

  • Regulated By ASIC, CySEC and FSA-SC
  • Foundation Year: 2007
  • Min. Deposit: $200
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:500
  • Lowest Spreads: 0.0 Pips on Currencies
  • Trading Platforms: cTrader, MT4, MT5, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Available
  • Raw Spread Accounts With Institutional Grade Liquidity Available
  • Impressive Library Of Educational Material and Videos

Cons

  • Beginner Traders May Be Overwhelmed By the Choice Of Markets and Platforms


#5. Alpari Broker

9.1

Trading Experience

9.3/10

Customer Support

9.4/10

Mobile Trading

8.9/10

Asset Coverage

9.3/10

Funding/Withdrawal

9.1/10

Fees

8.6/10

Security

9.3/10

Pros

  • Regulated By FSC
  • Foundation Year: 1998
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:1000
  • Lowest Spreads: 0.1 Pips on Currencies & 0 Pips on ECN Accounts
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Both ECN and Standard Accounts Available
  • Access the Alpari Copy Trading Programme
  • Wide Range Of Trading Accounts, Some Offering Commission-Free Trading

Cons

  • Non-Existent Research Tools
  • Traders From USA, Canada and Iran Not Welcomed


#6. eToro Broker

8.8

Trading Experience

9.9/10

Customer Support

8.6/10

Mobile Trading

8.9/10

Asset Coverage

8.3/10

Funding/Withdrawal

9.0/10

Fees

7.6/10

Security

9.0/10

Pros

  • Regulated By ASIC, CySEC, FCA and MiFID
  • Foundation Year: 2007
  • Min. Deposit: $200
  • Min. Trade: $1
  • Max. Leverage: 1:30
  • Lowest Spreads: 1.0 Pips on Currencies
  • Trading Platforms: cTrader, Android, iOS, Windows & Mac OS
  • Best Overall Copy Trading Broker
  • Innovative Trading Platform
  • Ability To Earn 2% Management Fee as an Investor Trader

Cons

  • Does Not Have The MetaTrader Platform


#7. BDSwiss Broker

8.6

Trading Experience

9.3/10

Customer Support

8.0/10

Mobile Trading

8.6/10

Asset Coverage

8.5/10

Funding/Withdrawal

8.0/10

Fees

8.4/10

Security

9.5/10

Pros

  • Regulated By CySEC and FSC
  • Foundation Year: 2012
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:500
  • Lowest Spreads: 1.0 Pips on Currencies
  • Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
  • Access To Raw Spreads Available
  • Commission-Free Trading Available
  • Beginner Friendly

Cons

  • Best Spread Accounts Require Higher Minimum Deposits


#8. Exness Broker

8.6

Trading Experience

8.5/10

Customer Support

8.7/10

Mobile Trading

9.0/10

Asset Coverage

8.9/10

Funding/Withdrawal

8.0/10

Fees

8.0/10

Security

9.0/10

Pros

  • Regulated By CySEC, FCA, and FSA(JP)
  • Foundation Year: 2008
  • Min. Deposit: $1
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:2000
  • Lowest Spreads: 0.2 Pips on Currencies
  • Trading Platforms: MT5, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Available
  • Impressive Range Of Forex Pairs To Trade On
  • 24/7 Customer Support In English and Chinese

Cons

  • Only a Selection Of US Stocks Available


#9. PaxForex Broker

8.5

Trading Experience

8.9/10

Customer Support

9.0/10

Mobile Trading

8.6/10

Asset Coverage

7.9/10

Funding/Withdrawal

8.9/10

Fees

7.4/10

Security

8.9/10

Pros

  • Regulated By SVGFSA
  • Foundation Year: 2010
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:500
  • Lowest Spreads: 0.2 Pips on Currencies
  • Trading Platforms: MT4, Android, iOS, Windows & Mac OS
  • Commission-Free Trading Available
  • Large Range Of Research and Educational Resources

Cons

  • No Fixed Spreads


#10 RoboForex Broker

8.3

Trading Experience

9.0/10

Customer Support

8.0/10

Mobile Trading

8.9/10

Asset Coverage

8.0/10

Funding/Withdrawal

8.6/10

Fees

7.0/10

Security

8.8/10

Pros

  • Regulated By IFSC
  • Foundation Year: 2009
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Max. Leverage: 1:2000
  • Lowest Spreads: 0.0 Pips on Currencies
  • Trading Platforms: cTrader, MT4, MT5, Android, iOS, Windows & Mac OS
  • Beginner Friendly and Good Customer Support
  • Regulated Broker With Security and Insurance For Clients Deposits
  • Wide Range Of Trading Accounts With Commission-Free Trading

Cons

  • Little Educational and Research Tools