The Best Forex Brokers of 2025

The international forex market eclipses all other trading markets, with over $6 trillion USD worth of trades passing through this system every single day. Across leading pairs, firms have generated trillions of dollars in value, using changing market dynamics to pinpoint and execute favorable trades.

Yet, while the forex market was once controlled by a select handful of corporations, with private trading firms being the most accessible form of interacting with these markets, this is far from the case in 2025. In 2025, especially following the pandemic, which saw a surge in online individual traders, more people than ever before are now using online forex brokers.

At present, the global online trading market is growing at around 6.4% each year, with millions of new traders flocking to these platforms. Experts predict that by 2026, the online forex trading market will be worth around $13.3 billion USD. With a balance of accessibility, expert tools, and tutorials to help even beginner traders get started with forex, online trading is rapidly becoming the new normal.

Source: Total Global Online Trading Market Value from 2020 to 2026.

When selecting the best forex broker to use for online trading, individuals need to take several core considerations into account. Factors like the level of regulatory compliance, customer service options, total fees, and trading tools will influence which platform an individual selects.

In this article, we’ll explore the three best forex brokers of 2025, touching on the leading platforms and outlining why they’ve found success in recent years.

Let’s dive right in.

Top Forex Brokers in 2025

When determining the top forex brokers of 2025, we’ve

It’s also important to remember that the main benefits of a platform that draw one individual to it may not be a top priority of others. For example, some platforms offer a greater extent of trading pairs. While some expert traders may find this a valuable aspect of platform performance, those who are fairly new to trading will rarely use more obscure pairs.

With that in mind, the top forex brokers in 2025 are as follows:

IG: Best for User Experience
SAXO: Best for High Investment Traders
Interactive Brokers: Best for Expert Traders

IG: Best Forex Broker For User Experience

Founded all the way back in 1974, IG is one of the best forex brokers in the world. Over the past 50 years, this platform has built up its reputation, offering world-class trading services, in-depth research tools and technology, and an extensive selection of potential trading pairs.

The historic nature of this company further lends it an air of authority, being a legacy pick of trading software for many individuals around the world. Globally, IG works with 313,000 clients, delivering 100% uptime and access to nearly 17,000 total markets.

As an FTSE 250 company, businesses and individuals alike can put their trust in IG. The platform has a £3.2 billion market cap, demonstrating the sheet scale, scope, and previous success of the platform.

For clients based in the USA, you’ll have access to 80 currency pairs for forex trading. What’s more, for forex beginners who aren’t used to this world, the platform offers a plethora of research tools to help bring them up to speed.

IG also offers an extensive network of free online trading courses. These are small modules that extensively cover central topics of trading and forex markets. These courses range from beginner-level courses that touch upon how financial markets work and expand to trading options with CFD and more.

As an all-around favorite and a legacy option, IG is a wonderful choice for those looking to get started with the world of forex trading. Both beginners and experts can leverage IG to access an international web of markets and effective trading tools.

Pros of IG:

No Minimum Deposit – Unlike some online trading platforms, IG has a $0 minimum deposit. For traders who want to deposit their cash via bank transfer without incurring large percentage-based fees from the platform itself, then IG is a wonderful choice.

User Experience – Of all the forex platforms currently available on the market, IG has one of the most straightforward and easy-to-understand user experiences. The user interface is clear, clean, and intuitive, making it a great choice for those who may not feel confident with advanced trading platforms and tools. The platform also offers a great deal of customizability, allowing individuals to change the UI to fit their needs.

Advanced Trading Features – While the IG platform does offer extensive support for beginners, it also contains a highly versatile selection of advanced trading tools. Especially for users who want as much support as possible from the platform, you can access personalized watchlists, real-time alerts, and even chart annotation features to help in your research phases.

Diverse Access – Individuals are able to access their trading accounts via the web or on mobile, with the mobile application offering nearly the full range of features that traders will need.

Branching Features – While more specialized trading platforms may focus on only forex trades, IG could rapidly become your go-to platform for other forms of trading. Individuals can access derivatives, options, futures, and more on the platform.

Cons of IG:

US-Centric – While the majority of online platforms are US-centric, IG is a runaway in this regard. The platform does not offer extensive account protection, apart from in the US. The same goes for some of the specialized trading tools, like stop losses.

Inactivity Fees – IG charges inactivity fees to their users who stop using their accounts. These fees aim to make up for the other areas where IG only charges very low fees. Although this could be a problem for some individuals, these fees only begin to be charged after 24 months have elapsed. After two years of not using your account, you will incur a £12 a month charge.

Variable Customer Support – If you encounter a problem that you need to resolve, IG offers two main pathways to contact them. You can either contact IG through their phone line or via email. However, considering that the forex markets are 24-7, it is surprising that the IG customer support team isn’t active around the clock. This could create potential disruptions if you find yourself trading late at night or early in the morning.

SAXO: Best Forex Broker For High Investment Traders

Saxo is our youngest pick on the list, with its foundation date arriving in 1992. Yet, despite being founded almost 20 years after IG and Interactive Brokers, it still offers an impressive range of features, forex pair support, and a rich suite of trading experiences.

Saxo experiences over 260,000 daily trades, spanning over £15bn daily trade volumes. The platform has over 1,200,000 clients and holds a total volume of over £70 bn on its site. The reason that Saxo has such an extensive range of financial backing is that that platform is actually a bank that’s extended into online trading services.

Saxo is a fully regulated and licensed bank located in Denmark that offers trading services for people all across the world. Saxo is authorized by no less than seven Tier-1 regulators and one Tier-2 regulator, making it an incredibly trustworthy platform to use.

For beginner forex traders who are just entering this world, the extensive range of courses and video tutorials will offer you an in-depth education. Beyond just forex, these even extend to the other services that the platform offers, like crypto and derivatives trading.

No matter whether you’re a newcomer to trading or a seasoned veteran, Saxo is a wonderful choice for the best online forex broker.

Pros of SAXO:

No Minimum Fee – Inspired by trail-blazers like IG, Saxo decreased their minimum funding amount to zero in 2025. The removal of minimum fees has increased accessibility to the platform enormously.

Effective Web Platform – Saxo’s main trading platform product is called SaxoTraderGo. This platform allows businesses and sole traders alike to access a diverse range of features and trading options. They offer a extremely streamlined web experience, making this an intuitive option for users.

Competitive FX Spreads – Saxo offers FX pairs from 0.4 pips with competitive entry prices, making this a great option for those looking to dive into the world of forex trading.

Cons of SAXO:

Staggered Fee Distribution – In theory, a trader could access extremely competitive market rates on the Saxo trading platform. However, the best rates are locked behind their VIP and Platinum accounts, which require a huge upfront investment into the platform. For classic accounts, which the majority of forex traders will use, Saxo falls in with average industry fees and prices.

Lack of Available Customer Service – Saxo offers customer service between 9 am and 5:30 pm, Monday to Friday. While this may be enough for many traders, the lack of availability around the clock might cause problems when trading outside of these designated hours. That said, customers frequently report favorable interactions with customer service representatives.

Custody Fees – Saxo charges customers fairly high custody fees. Their classic accounts start at around 0.12%, which can create a problem for investors who intend to hold their investments on the platform for the long-term. Once again, the higher-tier accounts have lower fees, creating a more premium experience for bigger spenders.

Interactive Brokers: Best Forex Broker For Expert Traders

Interactive Brokers, often simply known by its acronym IB, is another highly trusted name in the space. Founded back in 1977, this platform has years of experience under its belt, having used those years to develop an impressive selection of trading features and create a streamlined user experience.

Of the platforms on this list, Interactive Brokers has the most Tier-1 jurisdictions, boasting a total of nine different jurisdictions. This worldwide standard demonstrates the sheer quality of the platform, offering extensive protection for its customers across the globe.

Traders who use IB will have access to 135 market centers in 33 countries. They offer over 100 currency pairs, making them a phenomenal choice for traders who need a wide range of access.

Pros of Interactive Brokers:

Advanced Trading Tools – If you are an experienced trader who’s looking to take forex trading to the extreme, then this platform has all of the products, features, and services that you’ll need.

No Inactivity or Withdrawal Fees – For beginner traders who only want to dip into forex trading, then the zero activity and withdrawal fees on this platform will be a powerful advantage.

Wide Extent of Trading Markets – Individuals who are looking for access to a wide range of markets, currencies, and currency pairs will favor Interactive Brokers. For those looking to find unique trading opportunities that stray further away from typical pairs, this would be the platform to do it.

Cons of Interactive Brokers:

Advanced Platform Experience – The user platform that customers get access to with Interactive Brokers is made for experts in the field. For inexperienced traders without a comprehensive understanding of trading, this may create problems.

Frustrating Onboarding – While there is no minimum deposit when opening an account, the actual process of creating and verifying a new user can be tedious. Many poor reviews of the platform revolve around this frustrating onboarding experience.

Average Forex Fees – Other aspects of Interactive Brokers fee structures are favorable, like low margin rates, low commissions, and low futures. However, their forex fees are average, which could pose a problem for investors that are only interested in FX trading.

Frequently Asked Questions About Forex Broker Platforms

Who is the No. 1 forex trader?

The best forex trader is George Soros.

George Soros is a billionaire investor who is one of the most successful forex traders in history. His aggressive style has resulted in an impressive track record.

Which Forex Broker is Best for Beginners?

The most user-friendly forex broker for beginners is IG.

IG offers a range of educational materials, platform tutorials, and walkthroughs that allow individuals to learn how to use trading tools, this is a great platform to get started with.

What is the Most Trusted Broker for Forex?

Interactive Brokers is the most trusted broker in forex trading.

All of the platforms on this list are highly trusted and reputable for forex trading. However, Interactive Brokers has seven Tier-1 regulators, making it the most trusted broker, technically. That said, all the options on this list have years of industry experience and thousands of active users, making them secure choices.

Which Forex Broker is Legal in the USA?

All forex brokers on this list are legal in the USA.

There are currently 9 forex brokers that are regulated in the USA. These legal forex brokers are TD Ameritrade, ATC Brokers, IG, Interactive Brokers, Ally Invest, ThinkorSwim, Forex.com, US. OANDA, SAXO Bank. For specific terms, conditions, and specific cost structures, we advise that you check the specific platform’s documentation.