The best broker

 

Pros: Very reliable, strong regulations, excellent research and education, good trading platforms, competitive spreads.

Cons: Minimum deposit is relatively high, not always the cheapest option for beginners.

2. 

Interactive Brokers (IBKR)

Pros: Highly trusted, professional tools, wide range of assets, strong research and education. Very low costs for advanced traders.

Cons: Platforms are complex and not very beginner-friendly.

3. 

Saxo Bank

Pros: Huge range of instruments (over 70,000), excellent platforms, very safe and regulated.

Cons: High minimum deposit (around $2,000).

4. 

FxPro

Pros: Supports Arabic language, multiple platforms (MT4, MT5, cTrader), Islamic accounts, competitive spreads, strong regulation.

Cons: Charges inactivity fees if you don’t trade for a while.

5. 

Exness

Pros: Very low spreads, fast deposits and withdrawals, Islamic accounts, minimum deposit from $10, user-friendly.

Cons: Not available in some countries like the US.

6. 

eToro

Pros: Social trading (copy other traders), very easy to use, good for beginners.

Cons: Higher spreads compared to other brokers, risky for CFDs, not always cost-effective.

7. 

FP Markets

Pros: Low costs, ECN execution, strong trading tools, huge choice of instruments, reliable regulation.

Cons: Not many downsides, but still recommended to test with a demo account first.

8. 

AvaTrade

Pros: Simple to use, fixed spreads, strong education, Islamic accounts, no deposit/withdrawal fees.

Cons: Inactivity fee after 3 months, not available in the US.

9. 

Forex.com

Pros: Well-established, strong regulations, trusted in the market for many years.

Cons: Had some regulatory fines in the past, spreads not always the lowest.

✅ Best for beginners: AvaTrade or eToro.

✅ Best for intermediate traders: FxPro or Exness.

✅ Best for professionals: IG, Interactive Brokers, or Saxo Bank.