Choosing a trusted forex broker is an extremely important step in your currency trading endeavors.  New online currency trading brokerages pop up all the time with various levels of regulatory oversight. This makes it ever more difficult to decide which one is the best FX broker for you.

ConnectFX has identified the best overall forex brokers based on balanced weighting of our 6ranking criteria.These ratings are the product of meticulous research into every aspect of a brokers services, operations and history.  This is a good resource for you to familiarize yourself with each broker as well as the strengths and weaknesses of their offerings.

Trusted Forex Broker Regulated in 5 Jurisdictions With Monthly Trading Volume Exceeding $60 Billion

Broad, Deep Product Palette Spanning Forex Options, Digital Currencies, Stocks, Commodities, ETFs, Bonds, Indices

Many Options For Automated Trading Including Mirror Trader, Zulu Trade, MQL 5, Signal Trader

Choice of Fixed or Floating Spreads and Leverage up to 400:1

Market Analysis and Educational Resources From Reputable Independent Providers Like Autochartist, FXInsights, Dow Jones, and Hushtrade

A 10+ Year Veteran of the Forex Market with a Strong Presence in Europe and Asia

One of the Few Brokers to Provide Guaranteed Stop Losses and Negative Balance Protection

Protect your portfolio with Deal Cancellation – undo losing trades for up to 60 minutes

Deep Product Coverage with CFDs on 95 Forex Pairs and Vanilla Forex Options on 26 pairs

Personal Assistance with Trade Strategy and Order Execution from Dealing Room

Offers 7 Account Types to Meet Needs of all Types of Traders

STP Broker with Tight Fixed and Variable Spreads and No Miscellaneous Fees

One on One Consultations with Chief Market Analyst for VIP Accounts

Winner of 16 Prestigious Industry Awards in the Last 3 Years

Initial Deposit of only $5 for Micro Accounts

24 Hour Award Winning Customer Service with Support from Personal Account Managers and Trading Specialists

Competitive Trading Terms with High Speed Execution, No Commissions or Fees, Choice of Fixed or Floating Spreads

Excellent Educational Resources including 1 to 1 training, Demo Accounts, Tutorials, Webinars, eBooks and Charting Aids

Exclusive Real Time Market Analysis with 24 Hour News, Commentary and Trading Signals

Broad Product Offerings with Over 200 instruments Covering Forex, Stocks, Indices, Commodities and Bonds

An innovative crowd trading platform that allows you understand market direction in real time

Generous promotions including a $50 no deposit bonus, $60 demo trading bonus, 40% initial deposit bonus up to $4,000, and cash back bonuses up to $5,000

Beginner friendly, intuitive web trading platform and mobile apps

Fast and easy signup process with your Facebook or Google account, chat support via Whats App

Low fixed spreads and no deposit or withdrawal fees

XM is a Leader in Trade Execution with a No Requotes / Rejection Policy, 99.35% of Trades Executed in Less Than 1 Second

One of Few Brokers to Provide Negative Balance Protection and Guaranteed Stop Loss / Limit Orders

Offers Low Fixed Spreads and Up To 888:1 Leverage

$5 Minimum Deposit, 11 Base Currencies, 25 Funding Options

Plentiful Educational Resources with Daily Analysis, Live Webinars 5 Days a Week and Over 100 In Person Seminars

No Frills CFD Provider with Low Transaction Costs

Strong Mobile Platform Including iOS, Android, and Windows Apps

One of the broadest range of instruments including CFDs on bitcoin, ETFs, and Index Options

A Good Choice for Experienced Traders Looking to Keep Transaction Costs Low

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recognized as the Best Social Platform of 2016 and featured in TechCrunch, Mashable and Wall Street Journal

A unique social trading experience where you can privately chat with other users

Social Web Trader and MT4 Integration allowing you to trade the same account

Unprecedented level of transparency showing other traders open positions, orders, and past trades

Reasonable transaction costs compared with other social trading services

A solid, reasonably priced, and full-featured broker suitable for traders of all types

Award winning customer service with 90% positive feedback, quick and painless account opening

Offers EURUSD spreads as low as 0.1 pips for certain accounts

Choose between dealer desk or ECN execution, Metatrader 4 or 5

Offers many managed forex account programs including PAMM, Signal and Strategy Providers

Cutting Edge Social Trading Technology Connects You with 4.5 Million Traders in 170 countries

Find Like-Minded Traders, Review Their Portfolio and Performance, Discuss Trades, Strategies and Market Conditions

Copy Their Trades in Your Own Account in Real Time without Paying Any Out of Pocket Fees

Experienced Traders Can Monetize Trading Expertise by Allowing People to Copy Their Trades

Heres a table summarizing our ratings for the Best Overall Forex Brokers of 2019.

Ireland, Japan, Australia, British Virgin Islands, South Africa

Five Lamps Place, Amiens Street, Dublin, Ireland

Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands

100% deposit bonus, 30% rescue bonus, 100% credit bonus

Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

148 Strovolos Avenue, 2048 Strovolos, Nicosia, Cyprus

$50 no deposit bonus, 40% deposit bonus, cashback rewards

116 Gladstonos Str., Michael Kyprianou House, 3rd and 4 floor, 3032, Limassol, Cyprus

12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

333, 28th October street, Ariadne House, 3106, Limassol, Cyprus

up to $5 per lot cashback bonus, $25 referral bonus

35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, 4156 Limassol, Cyprus