I have put together a list of forex trading brokers that I believe to be reliable, honest and reputable. However, no broker is perfect.
Forex Brokers in Switzerland
Dukascopy This Swiss Forex Broker has been around since 2004. The minimum account size is high at $50,000. There is no MT4 platform
Swissnetbroker – This Swiss Broker opened in 2005. The minimum account size is much lower than Dukascopy at just $200. They also offer ECN services.
UK Forex Brokers
Forex brokers in the UK are heavily regulated by the financial services authority, potentially making them safer than many brokers.
GNITouch Now owned by Man Financial, a FTSE 100 company. Minimum account size is 4,000 GBP.
Alpari (UK) Established in 2004 and offers the Metatrader 4 platform
USA Forex Brokers
In recent years many US Forex Brokers have gone bankrupt, remember Refco? I think to give yourself the best chance, it’s important to choose a large broker that is profitable.
FXCM One of the largest forex brokers in the USA at retail level. Platform: FXCM Trading Station II, FXCM Active Trader, MetaTrader4.
Risk Warning: Currency trading involves substantial risk of loss, read full disclosure.
CMSForex This broker was established in 1999. They do not currently offer an MT4 platform, but the platform they use is easy to use.
Web Based Currency Trading
Oanda – Oanda is a reputable broker that has a good web based trading platform. They also have very low spreads