Why you need a Forex broker

A forex trading broker is a financial institution enabling a trader to trade stocks, currencies or commodities.

Online brokers provide the medium through which buyers and sellers can trade. They act as an agent to traders, providing them with the means to buy and sell financial instruments across different asset classes. They do this by matching up orders from either liquidity providers or other individual traders.

It is crucial that you are well-informed about the broker of your choice, especially if you plan to open up a real money brokerage account. Choosing the right brokerage depends on many factors, including trading costs and your trading strategy.

If you are a beginner, we recommend starting with a demo account first as it will allow you to practice trading for free. Beginners often start with Contract for Difference trading, CFD. CFD trading gives you the advantage of trading using smaller accounts. With online CFD trading accounts, you can even start with $100.

Below you will find a list of regulated, most trustworthy and popular brokers among Tradimo users, choose the one that fits you best. Once you have opened an account and made a deposit, please send us an email to telling us the name of the broker, your name and the email address you used to sign up to the broker, so we can provide you with a 20% discount or a free Tradimo Premium membership.

Risk warning: 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 can afford to take the high risk of losing your money.

Broker DetailsScore Start trading


  • Regulation
  • Founded in 2011
  • Meta Trader Add-ons
  • Trading tools

  • 2000+ tradable assets
  • Leverage: up to 1:30
  • Minimum Deposit: $100
  • Regulation: CySEC, ASIC, FSB
  • 12 months of Tradimo Premium
3 IG


  • Founded in 1974
  • Over 15,000 markets
  • Great selection of trading platforms
  • Tight spreads
4 Plus500


  • FCA, CySEC, ASIC regulated
  • Listed on LSE
  • Founded in 2008
  • Wide range of trading platforms
5 FXFlat


  • Managed accounts available
  • Leverage: up to 1:400
  • Minimum Deposit: $/€200
  • Regulation: BaFin
  • -20% on Tradimo Premium
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