Top 5 Forex Brokers 2020

Another year has come and gone, now is the time to showcase our top 5 Forex Broker picks for 2020.

These 5 Forex brokers are diverse. They would be great for any beginner or even expert traders. 

A couple of these top 5 Forex brokers have made the time and time again with also some you may not hear of and others may be well known. Some you may see feature on sites such as

As a trader it is important you choose the right broker that fits your needs, abilities and trading style. Use these 5 Forex brokers as a guide and see which broker will fit YOU personally.

Down below you will find Forex Ranks Top 5 Forex Brokers for the year 2020.


5 Forex Brokers for 2020

xm trading
Broker TypeMarket Maker
RegulationsFCA, CySec, ASIC
Min Deposit$5.00
Account Base CurrencyUSD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR
Max Leverage 888:1
Trading PlatformsMetatrader 4/5, Webtrader
Broker TypeECN
Min Deposit$100.00
Account Base CurrenyUSD, EUR, GBP, AUD, CAD, Bitcoin, Gold, Bitcoin Cash, Litecoin, Ethereum and XRP
Max Leverage 200:1
Trading PlatformsMetatrader 4/5
Broker TypeECN
Min Deposit$200.00
Account Base CurrencyUSD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD
Max Leverage 500:1
Trading PlatformsMetatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM
Broker TypeMarket Maker
Min Deposit$100.00
Account Base CurrencyUSD EUR GBP AUD
Max Leverage400:1 / 30:1 EU Clients
Trading PlatformsMetatrade 4, AvaTradeAct, Web trading, AvaOptions AvaTradeGO, Mobile trading
fp markets reviews
Broker Type ECN, DMA
Regulations ASIC, CySEC
Min Deposit $100.00 USD
Account Base Currency AUD, CAD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD
Max Leverage 1:500
Trading Platforms IRESS, Metatrader 4 and 5, MAM, PAMM

We hope you will find the top Forex broker that suits your needs, be it if you are looking for a particular deposit method accepted or country where you live. If you feel one or more of these brokers should not be on the top 5 list, be sure to contact us.