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Forex trading is arguably one of the easiest financial markets to begin trading in. To get started, you just need to open and fund an account with a regulated online broker. Choosing the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience level.

Benzinga’s picks for the best forex brokers in 6 key categories appear below along with details about each broker and a screenshot of their trading platforms. As you read through your options, remember that the majority of forex brokers can help you open a basic account and begin your investing journey. With these 6 brokerage houses, you are choosing based on the services and extras they provide above and beyond what a traditional broker would do

FOREX.com - Best Forex Broker

FOREX.com is a subsidiary of StoneX (NASDAQ: SNEX) and ranks as the best overall forex broker. This broker accepts U.S. clients and is regulated in the U.S. by the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA). FOREX.com also has oversight from regulators in 6 major world jurisdictions through its subsidiaries.

CedarFX - Best Forex Trading Apps

CedarFX believes in combining the finest market conditions with excellent pricing and technology so clients can grow their accounts. A low spread generally indicates that volatility is low and liquidity is high and CedarFX prides itself. CedarFX offers 2 account types: 0% commission accounts and eco accounts.

IG Markets - Best Forex Broker for Beginners

IG Markets gives clients access to trade up to 80 different currency pairs. The broker requires a $250 minimum deposit. IG accepts U.S.-based clients due to oversight from the CFTC and NFA. IG holds your money in segregated accounts under trustee arrangements for added security. In addition to its proprietary trading platform, IG offers support for 3rd-party forex platforms such as MetaTrader 4 and ProRealTime. It also allows application programming interface (API) trading.

SimpleFX - Top Forex in the World

SimpleFX is available globally with some exceptions. The platform is available through WebTrader, MetaTrader 4, as well as native mobile apps for Android, iPhone, and HarmonyOS (Huawei).

Saxo Bank - Best Broker Forex in USA

Saxo Markets Bank, in addition to offering its bread-and-butter stock, bond, ETF, mutual funds trading, provides a high-level platform to trade its leveraged products like forex, CFDs, futures, commodities, forex options, listed options and other derivatives.

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