The #1 Forex Comparison Page for #1 Forex & CFD Brokers and Platforms

The Best Online Forex & CFD Trading Platforms 2023

Are you looking for the best Forex or CFD (Contract for difference) platform or online broker in 2023? At OnlineTopChoice, we have made the best effort to locate and research only the highest ranked and most popular online Forex and CFD trading websites that we know are going to be even more popular during the course of 2023.

We have spent many hours going through recommendations, reviews, reports, statistics, and general opinions of each of the following Forex and CFD websites. There are many platforms with many small differences, and the trading market can be daunting, however, we can verify that these websites and platforms are ones you can trust and rely on the most.

Please check the terms on each forex site as they do vary country from country, and please read our Privacy Policy and Terms of Use.

The Results

Spread bets and CFDS are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Reputation Tools Fees/Costs Overall  
Plus500CFD Provider ★★★★★ ★★★★★ ★★★★☆ ★★★★★ Visit Now
82% of retail investor accounts lose money when trading CFDs with this provider.
Oanda ★★★★★ ★★★★☆ ★★★★★ ★★★★★ Visit Now
Please check all terms and conditions.
ii.co.uk ★★★★★ ★★★★☆ ★★★★★ ★★★★★ Visit Now
Please check all terms and conditions.
Etoro ★★★★★ ★★★★☆ ★★★★★ ★★★★★ Visit Now
Please check all terms and conditions.
FXCM ★★★★★ ★★★★★ ★★★★☆ ★★★★★ Visit Now
* PLEASE READ FXCM ADDITIONAL NOTES AT BOTTOM OF PAGE
IG ★★★★☆ ★★★★☆ ★★★★★ ★★★★☆ Visit Now
71% of retail investor accounts lose money when trading spread bets & CFDs with this provider.
Capital.com ★★★★★ ★★★★☆ ★★★★☆ ★★★★☆ Visit Now
84.19% of retail investor accounts lose money when trading spread bets & CFDs with this provider.
XTB.com ★★★★☆ ★★★★★ ★★★★☆ ★★★★☆ Visit Now
Please check all terms and conditions.
AVA Trade ★★★★☆ ★★★★☆ ★★★★☆ ★★★★☆ Visit Now
Please check all terms and conditions.
CMC Markets ★★★★☆ ★★★★☆ ★★★★☆ ★★★★☆ Visit Now
Please check all terms and conditions.
Admiral Markets ★★★★☆ ★★★★☆ ★★★☆☆ ★★★★☆ Visit Now
Please check all terms and conditions.
Trading212 ★★★★☆ ★★★★★ ★★★☆☆ ★★★★☆ Visit Now
Please check all terms and conditions.
XM.com ★★★★☆ ★★★★☆ ★★★☆☆ ★★★★☆ Visit Now
Please check all terms and conditions.
FBS ★★★☆☆ ★★★★☆ ★★★★☆ ★★★☆☆ Visit Now
Please check all terms and conditions.
UFX ★★★★☆ ★★★★★ ★★★☆☆ ★★★☆☆ Visit Now
Please check all terms and conditions.

We have selected the best online Forex brokers on the net in 2023 and researched each one based on the most important criteria people usually look for. Trading on Forex platforms has the same benefits and risks as any other type of investing and market trading, although many would say it is a much easier way of entering the playing field. With the Forex brokers listed here, you can be assured of a good start in your Forex trading.

Everyone trades a little bit differently, and various factors come into play which could be important to one user but less to another. Make sure you consider precisely what your expectations and limitations should be before stepping in to using one platform or another, as one could be better for the bigger player and another for the more casual player.

Take some time to research the criteria which apply to you, and check back for our full reviews for each platform and regular future updates.

Trading Platforms Oanda IG Interactive Investor Etoro FXCM Plus500 AVA Trade Admiral Markets XM.com FBS UFX
MT4
MT5
Mobile Apps
WebTrader

Top Forex Pairs Oanda IG Interactive Investor Etoro FXCM Plus500 AVA Trade Admiral Markets XM.com FBS UFX
GBP/USD
USD/JPY
EUR/USD
USD/CHF
USD/CAD
NZD/USD
AUD/USD

Other Features Oanda IG Interactive Investor Etoro FXCM Plus500 AVA Trade Admiral Markets XM.com FBS UFX
Min. Deposit $0 $250 $0 $100 N/A $100 $100 $100 $5 $1 $100
Min. Spread 1.2pips 0.8pips 0.6pips 1.1pips 1.3pips
As per FXCM’s spread report Q1 2021 (EUR/USD)
Variable 0.6pips 0.6pips 0.0pips 1.0pips 4.0pips
Max. Leverage 1:100 1:30 1:200 1:500 1:30
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
1:30 1:400 1:500 1:888 1:3000 1:30
Currency Pairs 70 91 15 61 39 70 55 47 55 35 51
Account Currencies EUR USD, HKD, EUR, GBP, AUD, SGD GBP, USD, EUR, CAD, HKD, SGD, AUD, SEK, CHF EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP EUR, GBP. USD, CHF and more 16+ Major & minor currencies USD, GBP, EUR, JPY, HKD EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON, RUB, SGD EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR EUR, USD, THB USD, EUR, GBP, AUD, HKD, SGDS

At OnlineTopChoice.com we have worked in the forex industry for many years, and our highly skilled teams have collected information on trading forex markets, trading strategies, CFDs, forex courses and currency trading strategies.

Whether you’re a beginner looking to trade Forex for the first time, or if you are an experienced trader and investor, we will help you find the best platform for your needs and requirements.

Remember that 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 understand how CFDs work and whether you can afford to take the high risk of losing your money!


ONLINETOPCHOICE.com Reviews

Below are our exclusive reviews for some of the Forex and CFD platforms we have researched. With in-depth information on each broker, you will be able to decide much more easily if there are specific features you are looking for. We will be adding more reviews over the time so please check back regularly or sign up to our mailing list to keep informed of any updates.

IG

Oanda Review

Find out what we have to say about Oanda in our comprehensive full website review and verdict.

Read Review

IG

IG.com Review

Find out what we have to say about IG (Investors Gold Index) in our comprehensive full website review.

Read Review

CMC Markets

CMC Markets Review

Find out what we have to say about CMC Markets in our comprehensive full website review and verdict.

Read Review

ii.co.uk

Interactive Investor Review

Find out what we have to say about Interactive Investor in our comprehensive full website review.

Read Review

IG

Plus500 Review

Find out what we have to say about Plus500 in our comprehensive full website review and verdict.

Read Review

IG

Trading212 Review

Find out what we have to say about Trading 212 in our comprehensive full website review and verdict.

Read Review

IG

FXCM Review

Find out what we have to say about FXCM in our comprehensive full website review and verdict.

Read Review

Get Notified About New Forex/CFD Updates

Sign up to receive updates on when we review new Forex and CFD websites, brokers, and platforms for you to compare and choose.
We will not spam you in any way and we will not share your email address with any third parties or other websites. You will only be notified of potential introductory offers from our existing brokers list or new vetted brokers on the online market.
We are not a financial advisory service. No investment advice shall be given through this contact form.

* indicates a required field

OnlineTopChoice.com Opinions

We carefully assess each forex broker to strict standards and compare them across a wide range of criteria. Although each forex broker will always have a slightly different set of advantages and disadvantages to their platform, the assessments are based on general performance, reliability, bonuses given, and other factors which are usually found or sought after in all forex broker platforms.

Online Top Choice helped me choose exactly the right platform that suited me best. As a beginner, that little extra help and information to get started was closer than I thought.

- Sarah C. Chicago IL

An excellent service and it came just at the right time. After several unsuccessful attempts at a previous unknown forex platform, this was what I needed. Thank you Online Top Choice!

- Patrick R. Los Angeles CA

Choosing the right platform that I will stay with for a long time made me nervous. And with so few good comparison sites for Forex, I thought I'd never decide... until I stumbled upon Online Top Choice.

- Jennifer D. London UK