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Forex brokers - list of offers 2024
up to 15% Commission discount
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Forex brokers - Ranking of the most popular offers 2024

The choice of the broker depends on our expectations, preferences and investment opportunities. The multitude of offers, however, means that it is not always easy to make the final decision. Our statement comes in handy in which we list the most important elements of the Forex brokers' offers checked by us.

ECN, STP, MTF or MM?

The table below presents brokers operating both in the ECN, STP, MTF and MM models, who have been thoroughly checked by us. By opening a real account through Forex Club, you get a whole spectrum of free benefits in the form of commission rebates, discounts on the services of our partners and tools helpful in trade.


CHECK BENEFITY FROM FOREX CLUB


Forex Brokers - Compare Offers

List of offers 2024

xtb forex brokers IC-trading eToro plus500
tickmill broker dax Dukascopy forex brokers saxo bank logo small
Country Poland Australia, Cyprus, Mauritius Cyprus, UK, Australia, Seychelles Cyprus Cyprus Latvia Denmark
Tool xStation MT 4/5, cTrader Web Plus500 platform MT 4/5 JForex, *** MultiCharts SaxoTrader GO/PRO
Min. Deposit PLN 0
(recommended minimum PLN 2000)
200$ 100$ PLN 500 PLN 100 PLN 100 2000$
Type of execution MM STP / ECN MM MM STP ECN STP, DMA, Market Maker, ECN
* Leverage - Retail Client 1:30 1:500 1:30 1:30 1:30 1:30 1:30
* Leverage - professional client 1:200 - 1:400 1:300 1:500 - 1:500
Min. Volume 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Spread EUR / USD 0.1 pips 0.1 pips 1 pips 1,3 pips 0.1 pips 0.3 pips 0.6 pips
Commission - 5,5 $ for 1.0 lot - - 0,0018% from 0,0001%
to 0,0035%
-
Forex Club discount - -21% - - - -20%*** -
Number of instruments 5000 1700 3000+ 2000 100 700 38 000
Deposit guarantee in 100% to 3000 EUR
in 90% to 22 000 EUR
- EUR 20 (Cyprus)
GBP 85 (UK)
20 000 EUR 20 000 EUR in 100% to 3000 EUR
in 90% to 22 000 EUR
in 100% to 100 000 EUR
Debit protection YES NEVER YES YES YES YES YES
CREATE AN ACCOUNT

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. From 68% to 89% of retail investor accounts record monetary losses as a result of trading CFDs. Think about whether you understand how CFDs work and whether you can afford the high risk of losing your money.

  1. * Maximum leverage based on applicable regulations.
  2. ** The commission includes the Forex Club discount
  3. ***The discount is valid for the first month after opening the account.

Forex Brokers - Types of Executions

They give access to the largest capital market in the world - the currency exchange Forex . Through them, both individual and institutional investors receive the possibility of international trading using leverage. A Forex broker can offer its services in one of several models of concluding transactions - in the model:

Forex ECN and STP brokers

Forex brokers in the ECN / STP model ensure the execution of transactions on the market where the other party is another broker, investor or financial institution. Thanks to this, the broker's task is only to forward the transaction and associate it with its "other party", so there is no conflict of interest on the broker <-> trader line. Another important factor is the existence of purely volatile, market spreads which only depend on actual market liquidity.

Marker Maker

It is a kind of broker who only animates the market and is always the other side of the transactions of its clients. It is in his interest to secure these transactions independently on the market, so as to avoid any conflict of interest with the investor. Thanks to the fact that the market to which the MM broker gives access is simulated, we have the opportunity to obtain greater leverage (leverage) and permanent spreads.


TYPES OF BROKERS - READ MORE


Status: Professional Client

On 1 August 2018 came into force ESMA guidelines, which included brokers from the territory of the European Union. The new regulations introduced many changes in relation to offers addressed to retail customers. The most important are:

  • limitation of financial leverage,
  • introduction of mandatory protection against negative balances,
  • setting the Stop-Out level at 50%.

For most brokers, however, you can change the client's classification from retail to professional. This opens the way to leaving leverage at the current or even higher level. We describe the entire procedure and the list of requirements in detail in a separate article.

Status: Experienced Customer

On August 2, 2019, the provisions of the Polish Financial Supervision Authority entered into force, which duplicated the provisions of ESMA, while expanding them with a new category - experienced clients. Brokers operating in Poland can offer traders with more experience a leverage of 1: 100. Full scope of changes, conditions and description of the category change procedure is in the article below.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.