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The World’s Best Forex Brokers

Who made our famous list of the best brokers in 2020?

Our experienced staff here at WeCompareBrokers.com have been reviewing and rating the top forex brokers for years, finding you the safest place to trade wherever you are, and whatever you’re trading.

Our exhaustive 74 point check evaluates every broker in a number of areas and we only recommend the brokers who pass each of our stringent measures. Our Top 3 Brokers of 2020 then, represent the absolute best of the best.

So, if you’re looking to start trading in the safest way or maybe you’re just looking for a better deal, this is the place to start.

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Rating4.2
Read eToro ReviewCompare eToro
$200 Min DepositSpread From 0.75 Points
  • WebTrader
  • Mobile apps
  • Proprietary
  • Bank transfer
  • Credit Cards
  • PayPal
Visit BrokerCryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.Open Demo AccountBroker Callback
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Rating4.7
Read NAGA ReviewCompare NAGA
$250 USD Min DepositSpread From 0 pips
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • Bank transfer
  • Credit Cards

What makes these two brokers stand out in 2020’s volatile markets?

Operating for well over a decade now, eToro has claimed its stake as one of the most recognisable brokers on the planet. Delivering their innovative broker service to over 10million customers spread throughout 140+ countries, eToro is truly a global player. Wherever you are in the world and whatever you want to trade, eToro has the answers for you. Originally focussing purely on the Forex markets, eToro has also added to its impressive rostrum CFDs, including stocks, ETFs, currencies, indices, cryptocurrencies and commodities. One of the prime features our expert reviewers rated eToro highly for is its social and copy trading, which is accessible through the same platform as the self-trading account. Found alongside the standard self-trading accounts, this clever features allows eToro traders to base their trades on other users’ behaviour. Very clever and intuitively usable!

Discover for yourself why eToro is ranked as WeCompareBroker’s #1 Broker In The World right now by claiming your Free Demo Account.

 

And if you are interested in social trading, even spending just five minutes on a Naga Demo Trading Account will make it clear why this relatively young brokerage made it into our coveted Top 2. Presenting the most profitable traders in a handy leaderboard, their proprietary platform allows you to copy the hottest trades as easy as retweeting or liking an Insta post! It now boasts over half-a-million users and allows you to invest in over 800 markets. As you’d expect with a forward thinking firm like NAGA, their presence on social media is second to none, with someone always on hand to answer your trading questions or offer instant live support in a multitude of languages.

It may be something of a new kid on the block, but what it’s offering is pretty exciting and is definitely worth considering for any beginner trader.

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Rating4.7
Read Markets.com ReviewCompare Markets.com
$100 USD Min DepositSpread From 0.04 pips
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Bank transfer
  • Credit Cards
  • PayPal
Visit BrokerCFDs carry risk. 73.9% of traders loseOpen Demo AccountBroker Callback
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Rating4.7
Read XM ReviewCompare XM
$5 USD Min DepositSpread Variable
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Bank transfer
  • Credit Cards

eToro and NAGA may have come out on top in our latest review round up, but there was some stiff competition. Both Markets.com & XM, our 2nd and 3rd position brokers, have plenty to offer the online trader. Everyone else had better be paying close attention to their competitors because this certainly was no whitewash!

Ranking particularly highly for novice and beginner traders, the frictionless registration and onboarding process for Markets.com consistently comes out on top of all of our reviews. The Free Demo Accounts were set up in mere minutes in our tests and even getting trading with a full live account restricts the tedious form-filling to a minimum. Keep up the good work, Markets.com!

Finally, XM is another big player that hasn’t rested on its laurels. Regulated around the world (ASIC in Australia, CySEC in Cyprus, and by the IFSC (International Financial Services Commission – 000261/106) with clients in over 196 countries, they even offer full customer support in over 30 languages. Fancy trying it out for yourself? Their Demo Accounts offer no time limit and are completely free to use so give it a try here and see why we’re proud to include XM in our Top 3 Brokers of 2020.