The most trusted Forex brokers online are.
IG - Best overall broker, most trusted.
Saxo Bank - Best web based trading platform.
CMC Markets - Excellent overall, best platform technology.
Interactive Brokers - Great overall, best for professionals.
TD Ameritrade FX - Best desktop platform, U.S. only.
FOREX.com - Excellent all-round offering.
Best Overall: Fidelity Investments.
Best Broker for Beginners: TD Ameritrade.
Best Broker for Mobile: TD Ameritrade.
Best Broker for Options: tastyworks.
Best Broker for Low Costs: Fidelity Investments.
Best Broker for Advanced Traders: Interactive Brokers.
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.
Forex is short for foreign exchange.
Transactions in the forex market are always between a pair of two different currencies.
With a relative fee, a broker may charge $1.00 per $100,000.00 of a currency pairing that is bought or sold.
If a trader buys $1,000,000 EURUSD, the broker receives $10.00 as a commission.
If a trader buys $10,000,000 the broker receives $100.00 as a commission.