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4 Best Low Swap Fees Forex Brokers for 2024

Searching for the top forex broker with low swap fees? Based on our hands-on analysis, we’ve identified the 4 best options tailored to various trading needs. Practical tips from our experts are included.

Dan Blystone
Reviewed By:
Aviva Gurevich
Updated: Mar 21, 2024

List of Top Forex Brokers with Low and No Swap Fees

Competitive swap fees. Flexible account types. ECN account spreads from 0.0 pips. Cutting-edge ProTrader platform powered by TradingView. ZuluTrade, Trading Central.

Low swap fees. MT4, MT5. Multilingual 24/7 support. Wide range of deposit and withdrawal methods with no fees. Flexible account types. Fast order execution.

No swap fees on some currencies. User-friendly Exness Terminal platform. Multiple account types, including cent accounts. 24/7 customer support. Trading Central.

Competitive Spreads. No swap fees, commissions on CFDs, an inactivity, or account maintenance fee. AutoChartist plugin. Variety of trading instruments. Copy trading.

Understanding Swap Fees in Forex Trading

Swap fees, or rollover fees in forex trading, are interest payments that traders incur for holding a position open overnight. These fees are based on the interest rate differential between the two currencies in the traded pair. If you buy a currency with a higher interest rate compared to what you sell, you might earn interest (positive swap). Conversely, if you buy a currency with a lower interest rate, you will likely pay interest (negative swap).

Swap fees are charged daily when the forex market closes, with brokers often adding a mark-up. They are significant for long-term traders who hold positions for extended periods, but less so for short-term or day traders. In Islamic finance, traditional swap fees are not permissible, leading to the creation of Islamic or swap-free accounts by brokers.

How did FXEmpire select the Best Forex Brokers with Low Swap Fees?

FXEmpire's Methodology

  • We carefully considered the needs of CFD traders looking for low swap fees and focused on the qualities that benefit this group the most.
  • We selected brokers with a high overall score in our rating system.
  • We opened accounts with each broker and checked for low swap rates in our hands-on tests.
  • We looked for brokers licensed by top-tier regulators and assessed their overall level of financial strength and transparency.
  • We checked the availability of a wide variety of tradable CFD instruments.
  • We tested fees and trading costs, including spreads, inactivity fees, and withdrawal fees, and selected competitive brokers.
  • We reviewed available platforms and looked for key features, including robust charting, diverse order types, 1-click trading, watchlists, alerts, and an intuitive interface.
  • We looked for fast, responsive, and helpful customer support via phone, live chat, and email.
  • We verified the availability of a wide variety of deposit and withdrawal methods, making it fast and easy to move money in and out of your account.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s go through the selected brokers.

Best Overall

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
  • Tradable Instruments
  • Fees

Moneta Markets is an award-winning broker offering competitive conditions to traders across the globe. Broker’s clients can access CFDs on forex, commodities, indices, shares, EFTs, and bonds. Among platforms, Moneta Markets offers the popular MetaTrader 4 and state-of-the-art ProTrader Powered by TradingView. I confirmed that Moneta Markets South Africa (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa and that Moneta Markets Ltd is listed in the Saint Lucia Registry of International Business Companies.

Key Features:

  • Regulators: FSCA (South Africa), Saint Lucia Registry of International Business Companies
  • Leverage: Up to 1:1000
  • Account Types: Direct STP, Prime, or Ultra ECN Accounts
  • Swap Rates: $7.51 for 1 full-sized lot in EUR/USD (September 5th, 2023)
  • CFD Assets: Forex, Commodities, Indices, Shares, EFTs, and Bonds
  • Swap-free/Islamic Account: Yes
  • Tools/Resources: Trading Central, ZuluTrade

Moneta Markets can accommodate a range of trader profiles with its flexible account types. Beginners and casual traders can take advantage of the STP Direct account type, with spreads from 1.2 pips, the ability to trade in micro-lots, and a minimum deposit of only $50. Advanced traders can opt for the Prime and Ultra ECN account types – which our hands-on tests confirmed as having extremely low spreads across all asset classes. All account types have access to the full range of 1,000+ tradable assets.

My review also revealed competitive swap fees. For instance, traders holding a full-sized lot of EUR/USD overnight are charged $7.51, while those holding a short position earn $3.07. All client funds are securely segregated in a trust account with an AA-Rated Global Bank. Furthermore, client trading accounts are covered by negative balance protection. If you are looking for a broker that can provide rock-bottom costs, high leverage, and robust platforms, Moneta Markets could be a good fit.

  • ECN Spreads from 0.0 pips.
  • Advanced Platforms.
  • Social Trading via ZuluTrade.
  • Research from Trading Central.
  • Lacks 24/7 support.

Best MT4

Your capital is at risk.
  • Min Deposit
  • Tradable Instruments
  • Fees

JustMarkets is a multi-asset online CFD broker with over a decade of experience. Based in Limassol, Cyprus, the broker offers CFDs on forex, commodities, indices, shares, and cryptocurrencies to clients across 180 countries. I verified that JustMarkets’ entities are authorized by various regulators, including top-tier CySEC.

Key Features:

  • Regulators: CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
  • Leverage: 1:30 (CySEC), 1:500 (FSCA), 1:3000 (FSA), 1:3500 (FSC)
  • Account Types: Standard, Pro, Raw Spread
  • Swap Rates: $8.88 for 1 full-sized lot in EUR/USD (September 5th, 2023)
  • Assets: Forex, Commodities, Indices, Shares, Cryptocurrencies
  • Swap-free/Islamic Account: Yes

JustMarkets offers the full suite of MetaTrader 4 and MetaTrader 5 platforms, which include advanced order types, robust charting, and automated trading via Expert Advisors. I noted that VPS hosting is also available – allowing traders to run their strategies 24/7 without risk of downtime. Trading, hedging, and scalping strategies are all permitted.

With ultra-fast order execution – from 0.01 seconds – JustMarkets provides its clients a significant edge in trading. Low floating spreads are available for all types of accounts, and clients can access spreads starting at 0.0 pips with Raw Spread accounts. Our live tests recorded spreads as low as 0.7 pips in EUR/USD when using a Pro Account. Customer support is another area of strength at JustMarkets, with 24/7 assistance available through multilingual agents.

  • Raw spreads from 0.0 pips.
  • Fast execution.
  • Social trading capabilities.
  • Reliable customer support.
  • Limited research materials.

Best for Beginners

General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.
  • Min Deposit
  • Tradable Instruments
  • Fees

Exness Group is a global multi-asset broker founded in 2008. The Limassol, Cyprus-based broker, offers better-than-market conditions on currencies, crypto, stocks, indices, metals, and commodities. Exness provides a commission-free Standard Account for beginners and Raw spread accounts for experienced traders, scalpers, and algo traders. I confirmed that Exness is authorized by multiple regulators, including top-tier FCA and CySEC.

Key Features:

  • Regulators: FCA, CySEC, FSCA, Seychelles FSA, Mauritius FSC, British Virgin Islands FSC
  • Leverage: 1:30 (FCA), 1:30 (CySEC), 1:400 (FSCA), 1:2000 (FSA), 1:500 (FSC)
  • Account Types: Standard, Raw Spread, Zero, Pro
  • Swap Rates: $6.51 for 1 full-sized lot in EUR/USD (September 5th, 2023)
  • Assets: Forex, Commodities, Indices, Shares, Cryptocurrencies
  • Swap-free/Islamic Account: Yes
  • Tools/Resources: VPS Hosting, Trading Central

Exness provides access to the Trading Terminal platform along with MetaTrader 4 and MetaTrader 5. Their proprietary Exness Terminal boasts an intuitive interface with popular features such as watchlists, 1-click trading, and trading from the chart. Besides, the Exness Academy offers various interactive courses to help traders build a solid foundation of market knowledge. Given its user-friendly platform and comprehensive educational resources, I judged Exness to be a strong choice for new traders.

Clients of Exness, regardless of their trading experience, have the flexibility to select from multiple account types that best match their needs – from cent to raw spreads accounts. Cent accounts are an excellent way for beginners to gain experience trading live while keeping risk to a minimum. I also noted that Exness does not charge swap fees for stocks, crypto, indices, gold, and some popular currencies, depending on your account settings. With the standard swap-free level, Exness does not charge swap fees for XAU/USD, indices, cryptocurrencies, or stocks.

  • Tight spreads in forex pairs.
  • User-friendly platform.
  • 5 account types.
  • Generally low fees.
  • Not available in Europe or the UK for retail clients.

Best Low Spreads

Forex margin trading involves substantial risks.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2011 and headquartered in St. Vincent and the Grenadines, OCTA stands as a prominent multi-asset CFD broker. According to the company’s website, over 10 million trading accounts have been opened with OCTA across more than 150 countries. Clients can access a diverse range of over 300 CFDs on forex, commodities, stocks, indices, and cryptocurrencies via MetaTrader 4, MetaTrader 5, and the in-house OctaTrader platforms.

Key Features:

  • Regulator/Registration: Saint Lucia FSA, CySEC
  • Leverage: 1:500 (FSA), 1:30 (CySEC)
  • Account Types: OctaTrader, MT4, MT5
  • Swap Rates: $0
  • Assets: Forex, Commodities, Indices, Shares, Crypto
  • Swap-free/Islamic Account: Yes
  • Tools/Resources: AutoChartist

During my live testing, I encountered forex spreads as low as 0.8 pip in EUR/USD and 1.2 pips in GBP/JPY. Spreads in commodities like gold were also competitive. Unlike most CFD brokers, OCTA does not charge swap fees – a significant bonus for traders holding positions for days or weeks. Furthermore, the broker does not charge any inactivity or account maintenance fees.

My review revealed that OCTA has also gone above and beyond in terms of its research and educational content. Clients can delve into in-house market insights, benefit from trading ideas via Autochartist, engage in live webinars, and access carefully crafted courses.

  • Tight spreads, no swap fees.
  • Strong educational content.
  • Copy trading capabilities.
  • Extensive crypto pairs.
  • No phone support.

How to Choose the Best Forex Broker for Low Swap Fees?

When looking for the best forex broker with low swap fees, you should pay special attention to the following points.

Can I trust the broker?

To be authorized and regulated, brokers must undergo audits, meet capital requirements, and provide segregated accounts and negative balance protection. You can search the regulator’s website to confirm the broker’s status and inspect any disciplinary action. The broker’s size and operating history are also worth considering. You can usually find this information on the company’s LinkedIn page.

Read more about Best regulated forex brokers in our detailed guide.

How and when the broker charges swap fees?

Swap fees in forex trading are charged by brokers when a trader holds a position open overnight. The specifics of how and when these fees are applied can vary slightly depending on the broker, but the general process is as follows:

  • Time of Charge: Swap fees are charged by brokers at a specific time, typically at 5 p.m. EST, coinciding with the end of the forex trading day. If a position is open at this time, the swap fee applies.
  • Interest Rate Differential: The fee is based on the difference between the interest rates of the two currencies traded. If the bought currency has a higher rate than the sold one, you might earn interest (positive swap); otherwise, you’ll pay interest (negative swap).
  • Broker’s Mark-Up: Brokers may add a mark-up to the swap fee, varying from one broker to another.
  • Daily Charges: Swap fees accumulate daily for positions held open more than one day.
  • Weekend and Holiday Charges: Holding a position over the weekend or a holiday can incur higher swap fees to cover the non-trading days, often charged as a three-day fee on Wednesdays or the day before a holiday.

What other fees to consider when choosing a broker?

It’s important to understand and compare the fee structures of different brokers before making your choice. When selecting a forex and CFD broker, there are several types of fees that a trader should consider:

  • Spreads: The spread is the difference between the buying and selling price of a financial instrument. It’s the main way CFD brokers make their money. Lower spreads generally mean lower trading costs. See our guides on the best zero spread and best lowest spread forex brokers.
  • Commissions: Some brokers charge a commission on trades in addition to spreads. This is often a fixed fee per trade, or it can be a percentage of the total trade volume.
  • Inactivity Fees: Some brokers charge inactivity fees if you don’t make a certain number of trades within a specified timeframe.
  • Withdrawal Fees: Some brokers may charge you for withdrawing money from your account. Check the fee structure and withdrawal methods before choosing a broker.

Not all brokers charge fees in the same way. Some charge a commission per trade, while others earn through the spread. Some may also include hidden charges like inactivity fees or withdrawal fees. It’s crucial to understand these fee structures to make an informed comparison.

How to choose a CFD trading platform?

An intuitive, easy-to-navigate platform will allow you to launch into the trading world with minimal hitches. The most user-friendly platforms are typically browser-based platforms created by the broker. Look for easy-to-implement features such as watchlists, trading from the chart, search, news, and a customizable interface. MetaTrader and cTrader platforms have advanced features like backtesting, automated trading, and a wide range of order types, though are less user-friendly.

There are a variety of trading platforms available to forex traders. Here are a few that you may want to consider for gaining great trading results.

  • MetaTrader 4 and MetaTrader 5 are two of the most popular and widely used forex and CFD trading platforms, offering a good range of features and tools, such as advanced charting tools, automated trading through expert advisors, custom indicators and expert advisors, one-click trading and portfolio management. Check out our dedicated guides on best MT4 brokers and best MT5 brokers.
  • TradingView is another growing and popular charting platform that makes it possible to track almost all markets, and describes itself as a “supercharged super-charting platform and social network for traders and investors.” TradingView has over 50 million users. Check out our list of the best forex brokers offering TradingView.
  • cTrader, developed by Spotware Systems, is a strong platform for high-frequency day traders of the forex market. It specializes in providing an algorithmic social trading community for the financial market. Read more about best cTrader brokers.
  • ZuluTrade is a social forex and CFD trading platform that allows you to easily follow and copy other traders. As Zulutrade has a more social approach, tools for charting and technical analysis are limited.

You can also check out our dedicated guide on best forex trading platforms.

What is the minimum deposit?

The minimum deposit required by a CFD broker varies widely and depends on the individual broker’s policies. Typically, the minimum deposits at CFD brokers are relatively low. For example, among the brokers listed in this article, minimum initial deposits range from $1 in the case of JustMarkets to $250 in the case of Ardu Prime.

What account types are available?

A broad range of account types helps a broker cater to different trader profiles. For example, a simple STP account may be the best for beginners in the markets, while an ECN/Raw Spread account can help sophisticated, active traders keep their costs to a minimum.

Here are some of the most common account types offered by CFD brokers:

  • Standard Accounts: These are the most common types of accounts that CFD brokers offer. They usually provide access to a wide range of financial instruments, including indices, commodities, shares, and more. The minimum deposit requirement for standard accounts can vary greatly between brokers.
  • Mini or Micro Accounts: These accounts are designed for beginners or traders with smaller account balances. They often allow trading with smaller contract sizes, which can be a way to manage risk, especially for new traders learning the ropes.
  • VIP or Premium Accounts: These accounts are designed for high-volume or professional traders. They often come with lower spreads or commissions, a dedicated account manager, and other perks like free access to premium research or advanced trading tools. However, they usually require a higher minimum deposit.
  • Demo Accounts: Almost all CFD brokers offer demo accounts where traders can practice their strategies with virtual money before risking real money. This is a great way to get to know the broker’s platform and test your trading skills. Read more about best forex demo accounts.
  • Islamic Accounts: These are swap-free accounts that comply with Islamic law, which prohibits earning or paying interest. They are designed for traders of the Islamic faith. Read more about best Islamic forex accounts.

Explore Best micro forex accounts and Best big forex accounts.

What is the available leverage?

The leverage options at CFD brokers offer a substantial advantage when trading CFDs. The extent of leverage you can access depends on where your broker (or broker’s entity) is located. For instance, if you’re trading through a UK-based, FCA-regulated broker, you’ll find the maximum leverage capped at 1:30. In contrast, offshore brokers frequently provide much higher leverage, sometimes reaching up to 1:500 or beyond.

The level of available leverage depends on what type of asset you are trading. For example, here is the complete breakdown across each asset category via a CySEC-regulated broker:

  • Forex Majors: 1:30
  • Forex Minors: 1:20
  • Forex Exotics: 1:20
  • Indices Majors: 1:20
  • Indices Minors: 1:10
  • Commodities: 1:10
  • Gold: 1:20
  • Metals: 1:10
  • Energies: 1:10
  • Cryptos: 1:2
  • Futures: 1:10
  • Bonds: 1:5
  • Shares: 1:5

Beware of using excessive leverage, even if it is tempting. It’s an enthralling feeling to control a large position in the market. But when markets are moving fast and you are holding a highly leveraged position, there is a very high risk of losing money. Accounts can get wiped out in seconds.

However, if you’re set on pursuing higher leverage, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

What to avoid when choosing a CFD broker?

Opening an account with an unregulated offshore broker entails substantial risk. In some instances, brokers with offshore entities purchase private insurance from Lloyds of London to mitigate the risk for clients. Be sure to check what kind of account insurance is available to safeguard your account – whether a compensation fund is provided in association with a regulator or private insurance.

Another important area to check is trading costs and fees. Some brokers may have very wide spreads, making it expensive to get in and out of trades. In some cases, for example, when trading CFDs on shares, commissions may also be added. Among account-related fees, find out if there is an inactivity fee – many brokers charge a sum each month after your account has been dormant for a set period. If you take a break from the market and are unaware of this, you could be surprised to find your account balance lower when you return to trading.

How to avoid forex and CFD scams?

  • High-Return Guarantees. A common scam in the forex and CFD industry involves vendors offering a trading strategy that guarantees an outlandishly high return in little time. These may involve automated trading using bots or a signal service where trades are shared via chat or social media. Nobody can guarantee returns with certainty, and it is more likely that such strategies will lose money. When assessing strategy or signal providers, you should look for a live track record audited by a third party and be conscious that past performance does not guarantee future results.
  • Lack of Protection. Traders should also be cautious about opening an account with an unregulated offshore broker. Such brokers may offer a straightforward account opening process, bonuses, and high levels of leverage, but client funds are typically not protected. Meanwhile, brokers regulated by top-tier authorities must undergo regular audits and are held accountable for misconduct. Traders can also benefit from having their funds held in segregated accounts, negative balance protection, and a compensation fund in the event of broker insolvency.

And if you are still uncertain, you can always check out our database of reviews to find the most reliable brokers.

Our Methodology

For this guide, we applied our advanced methodology, focusing on industry leaders. FXEmpire, reviewing brokers since 2011, offers in-depth analysis with over 250 data points per broker.

We evaluate brokers across nine categories: Trust, Fees, Platforms and Tools, Tradable Instruments, Customer Service, Deposit and Withdrawal, Account Types, Research, and Education. Our reviews cover key areas like regulatory status, ensuring clarity on fund safety and benefits.

The review process includes live testing, research, questionnaires, broker demonstrations, assessing spreads, swap fees, and other costs. This helps determine a broker’s competitiveness and platform usability.

Our editorial integrity ensures unbiased, objective reviews based on measurable data. We prioritize well-regulated companies for their trustworthiness and financial stability, focusing on low spreads and swap fees. We also consider the richness of trading platforms, range of tradable instruments, account diversity, customer support efficiency, deposit/withdrawal ease, leverage options, and educational resources. Our goal is to empower traders with comprehensive market knowledge, effective strategies, and informed decision-making capabilities.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

A swap fee is charged when you keep a market position open overnight. Factors that dictate swap charges include lot size, the current market price, and the current difference in interest rates between each currency that makes up the pair.
Many brokers offer swap-free Islamic Accounts for Muslim clients who wish to adhere to Sharia law. OCTA is a rare instance of a broker that does not charge swap fees on any account types.
Traders with swap-free accounts are not charged for holding positions overnight. These are typically for Islamic traders only.
OCTA does not charge any swap fees, and Exness does not charge swap fees for XAU/USD, indices, cryptocurrencies, or stocks.
In the case of swap-free Islamic accounts, forex brokers typically charge account holders a fixed fee per contract held overnight instead of the overnight swap fee.
Other than Islamic accounts, swap rates do not vary based on account type. The swap rate is based on the interest rate differential and does not change based on the amount of leverage used.
Swap fees are dictated by the position size, the current market price, and the current interest rate differential of the currencies in the pair. Keep in mind that with a bigger lot size, the swap costs will also increase significantly.
When you are long or short a currency pair, you will either be charged or credited based on the interest rate differential of the two currencies that make up the pair. The long and short swap rates reflect the cost of being long or short the trading instrument. They are usually inverse – for example, if the interest rate differential is such that you are charged swap fees for being long, then when holding the same position short, you should be credited.
Yes. If the currency in which you have a long position in the pair has a higher interest rate than the currency that you are short in the pair, then there is a positive interest rate differential, and you can earn money by holding the pair overnight.
Negative balance protection is a feature offered by some brokers that protects traders from incurring a negative account balance. With negative balance protection, the broker guarantees that the trader's account balance will never go below zero, even in the event of a sudden and significant market move that results in a large loss. If the trader's account balance falls to zero, the broker will close out their positions and absorb the loss rather than require the trader to cover the negative balance.
To verify whether your broker has negative balance protection, you can review the terms and conditions of your account agreement, which should outline the broker's policy on negative balance protection. This information is usually available on the broker's website or can be obtained by contacting their customer support team.
A compensation scheme is a type of investor protection program that provides financial compensation to investors who have suffered losses as a result of a broker's insolvency, fraud, or other misconduct. In most countries, compensation schemes are established and regulated by the government or financial regulatory agencies. These schemes typically have specific eligibility requirements, such as a maximum level of compensation per investor or per claim, and may only cover certain types of financial instruments or transactions.
To verify whether your broker is a member of a compensation scheme, you can check their regulatory status and the terms and conditions of your account agreement. Compensation schemes are typically established and regulated by government or financial regulatory agencies, and brokers are required to be registered with these schemes to offer protection to their clients. You can also check the website of the compensation scheme in your country or region to see if your broker is listed as a member.
A segregated fund refers to the practice where brokers hold their clients' funds separate from their own operational funds. This is done to protect clients' funds in the event of the broker's bankruptcy or other financial difficulties.
To verify if a broker offers segregated funds, you can check their website, contact them directly, review their regulatory filings, look for independent reviews, or consult with a financial advisor.

About the Author

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.