A lineup of new and emerging brokers! Latest ranking of recommended overseas FX brokers

Best Forex Broker Rankings for 2025

Click here for more details on each ranking item

Comprehensive ranking of forex brokers

  • Ranking

  • Broker Name

  • Spread

  • Bonus

  • Pay

  • Instruments

  • Support

  • Trust

  • comprehensive evaluation

Spread3.5bonus5.0
Deposits and Withdrawals3.5Number of products3.5
support5.0Reliability5.0
Spread4.5bonus2.0
Deposits and Withdrawals4.5Number of products4.0
support5.0Reliability5.0
Spread4.5bonus2.0
Deposits and Withdrawals4.5Number of products4.0
support4.5Reliability4.5

Displaying 4th place and onwards

Companies that do not offer bonuses are excluded from the overall evaluation.

  • 01st place
    comprehensive evaluation25.50/30.00

    The leading forex broker favored by traders, offering generous bonuses and a stable trading environment with no requotes.

    Recommended points and reviews
    • A prominent FX broker licensed in four countries (IFSC, ASIC, CySec, SCFSA) and offering services in 196 countries, available in 20 languages worldwide. The service has been operating since 2009.
    • A variety of incentives are offered, including new account opening bonuses, deposit bonuses, and trading bonuses.
    • Leverage of up to 1,000x is available for trading.
    • Trust protection of up to €20,000 is available, along with a zero-cut guarantee system (no margin calls).
    • The broker boasts a high order success rate and fast execution speed, with 99.53% of orders executed within 1 second.
    • Opening a new account will earn you a bonus of 13,000 yen (15,000 yen for a limited time).

    • Spread3.0

    • bonus5.0

    • Deposits and Withdrawals2.5

    • Number of products5.0

    • support5.0

    • Reliability5.0

    comprehensive evaluation
    25.50
    / 30.00
    Known for its generous bonus program and exceptional contract strength.

    XMTrading is a popular broker, with most traders using forex brokers now holding accounts with them. The reason for its popularity lies in the trust it has built as a major broker, as well as the various bonus programs available for new account openings and deposits. XM also offers seasonal promotions that keep things exciting.

    XM’s main challenge had been its wide spreads, but the introduction of the KIWAMI account, designed for intermediate and advanced traders, has successfully reignited interest among these traders. As an industry leader, XM continues to draw attention by driving technological innovation and expanding its services.

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    We are currently running an exclusive campaign on this site, offering a bonus increase from 13,000 yen to 15,000 yen for new account registrations.

  • 02nd place
    comprehensive evaluation25.00/30.00

    The broker is highly regarded by professional traders for its stable trading environment and efficient back office.

    Recommended points and reviews
    • A broker licensed by the Vanuatu Financial Services Commission (VFSC), primarily serving clients in Asia, and launched its services in 2015.
    • The founding members are from Pepperstone, and the head office is located in Vanuatu.
    • Leverage of up to 1,000 times is available, along with some of the narrowest spreads in the industry.
    • Customer funds are held in segregated, highly reliable trust accounts.
    • A zero-cut guarantee system is available, meaning no margin calls.
    • The platform offers high execution speed with no requotes.

    • Spread4.5

    • bonus2.0

    • Deposits and Withdrawals4.5

    • Number of products4.0

    • support5.0

    • Reliability5.0

    comprehensive evaluation
    25.00
    / 30.00
    We prioritize trade infrastructure and ensure comprehensive customer protection.

    Titan FX, which is well-known around the world, has built an excellent trading infrastructure and earned a strong reputation as a reliable broker for traders. Recently, they have been actively enhancing their services, including the launch of a new micro account.

    Since transferring its license to Vanuatu in 2018, Titan FX has made significant efforts to protect customer information across the company. All support staff are required to hold qualifications in personal information protection and AML (Anti-Money Laundering) operations. Additionally, in January 2021, the company received certification for its execution quality from the Financial Commission, a third-party organization specializing in resolving investor disputes, solidifying its position as a broker with top-notch compliance.

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  • 03rd place
    comprehensive evaluation24.00/30.00

    A newly established broker founded by a B2B firm specializing in liquidity provision and trading technology. Its main appeal lies in its outstanding trading environment and high level of reliability.

    Recommended points and reviews
    • The company holds five financial licenses and officially launched its services in 2023.
    • Backed by over 10 years of experience as a B2B broker.
    • Offers extremely tight spreads and high execution power.
    • Provides a maximum leverage of 2,000x across all account types.
    • Offers broker indemnity insurance coverage of up to $5 million.
    • Provides fast identity verification and swift deposit and withdrawal processing.

    • Spread4.5

    • bonus2.0

    • Deposits and Withdrawals4.5

    • Number of products4.0

    • support4.5

    • Reliability4.5

    comprehensive evaluation
    24.00
    / 30.00
    A new high-spec broker built on a strong foundation in the B2B industry.

    XS is an international forex broker and a member of the XS Group, which has provided infrastructure services to institutional investors and other overseas forex brokers. While XS is relatively new as a retail forex broker, its operation is backed by over 10 years of proven experience in the B2B sector, making it a highly reliable choice for traders.

    XS’s key strengths lie in its low spreads and high execution power, made possible by its solid B2B business foundation. It employs the DMA (Direct Market Access) execution method, ensuring a highly transparent trading environment. Additionally, XS is active in running promotional campaigns such as trading contests and lucky draws, making it an engaging platform where users can enjoy trading while also having the chance to win prizes through interactive events.

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  • 04th place
    comprehensive evaluation23.50/30.00

    A major Australian company has re-entered the market, offering the lowest transaction costs in the industry.

    Recommended points and reviews
    • Founded in Australia in 2009
    • A 15,000 yen bonus for opening an account.
    • More than 1,000 different trading instruments available.
    • Leverage of up to 2,000x available.
    • Offers advanced ProTrader tools for enhanced trading.
    • Certain stocks are available for swap-free trading.
    • You can receive a deposit bonus of up to 1 million yen.

    • Spread5.0

    • bonus5.0

    • Deposits and Withdrawals4.0

    • Number of products5.0

    • support2.0

    • Reliability2.5

    comprehensive evaluation
    23.50
    / 30.00
    A high-spec broker that provides both bonuses and low spreads.

    Vantage Trading has gained significant support in the global market by offering tight spreads and over 1,000 trading instruments. Although it temporarily withdrew from the Japanese market, it made a successful re-entry in 2022 and continues to provide excellent services.

    Vantage’s ECN accounts are considered top-tier in the industry, meeting the strict requirements of professional traders and providing a high-quality trading environment. Additionally, Vantage offers deposit bonuses and swap-free trading to help maximize trader profits, with services tailored to the specific needs of traders, making it a highly attractive option.

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  • 05th place
    comprehensive evaluation23.00/30.00

    A broker that brings innovation to the FX industry by continuously adopting new and creative ideas.

    Recommended points and reviews
    • A broker founded in New Zealand in 2013.
    • Trading with leverage of up to 2,222x.
    • A variety of luxurious campaigns will be held.
    • Binary options trading is also offered.
    • You can customize your trading account by purchasing various items.

    • Spread3.0

    • bonus5.0

    • Deposits and Withdrawals4.0

    • Number of products4.0

    • support4.0

    • Reliability3.0

    comprehensive evaluation
    23.00
    / 30.00
    The introduction of new services has significantly improved the company’s reputation, transforming it into an excellent broker with enhanced flexibility.

    Since its establishment in 2013, BigBoss has gained attention for offering generous bonuses. While its bonus-focused business model may raise questions about its reliability, the broker has consistently delivered solid performance, with over 200,000 customers and an annual trading volume exceeding 1 trillion USD.
    Since the start of 2024, BigBoss introduced the “Deluxe Account” in February, which allows for item customization, and launched the new binary options service “BULLBEAR-HIGHLOW” in March. With these innovative services, the broker continues to make significant strides in the industry.

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  • 06th place
    comprehensive evaluation22.50/30.00

    A unique broker specializing in cryptocurrencies, with a distinctive presence in the market. Its strong cryptocurrency trading environment and comprehensive support system are key attractions.

    Recommended points and reviews
    • A new broker founded in 2019 and licensed by the Financial Services Authority (FSA) of the Republic of Seychelles.
    • You can trade cryptocurrencies with leverage of up to 1,000x.
    • Customer support is available 24/7, 365 days a year, provided by a team of dozens of staff.
    • Independently acquires liability insurance for brokers.
    • Supports accounts denominated in cryptocurrencies.
    • Generous bonus promotions offered.

    • Spread3.0

    • bonus5.0

    • Deposits and Withdrawals4.0

    • Number of products3.0

    • support4.0

    • Reliability3.5

    comprehensive evaluation
    22.50
    / 30.00
    A new and rapidly growing broker that adapts quickly to customer needs.

    Since its establishment, FXGT has actively listened to user feedback and made continuous updates, allowing it to grow rapidly and reach the level of major brokers in a short time. One of FXGT’s standout features is its ability to offer cryptocurrency trading with leverage of up to 1,000x, along with a wide variety of cryptocurrency pairs.
    Additionally, to address concerns regarding its short history and financial stability as a new broker, FXGT has secured its own broker liability insurance. This coverage protects against risks such as negligence, omissions, fraud, and financial losses to customers and third parties, with coverage up to 1 million euros.

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  • 07th place
    comprehensive evaluation22.25/30.00

    It offers a high-performance trading environment with unlimited leverage, ultra-tight spreads, and no swap fees. A highly popular broker among traders.

    Recommended points and reviews
    • The company is licensed by the Financial Services Authority (FSA) of the Republic of Seychelles and began offering its services to the market in March 2020.
    • A diverse selection of account types tailored for intermediate and advanced users.
    • Trading with
      unlimited leverage
    • Customer assets are held in segregated accounts, and a zero-cut guarantee system is in place, ensuring no margin calls.
    • Consistently tight and stable spreads
    • The loss cut level is set at a 0% margin maintenance rate.

    • Spread5.0

    • bonus1.5

    • Deposits and Withdrawals3.75

    • Number of products3.0

    • support4.0

    • Reliability5.0

    comprehensive evaluation
    22.25
    / 30.00
    A growing number of traders are switching to Exness.

    Founded in 2008, Exness is one of the leading foreign exchange brokers. The company re-entered the market in March 2020, and its innovative services quickly gained popularity among traders. Exness stands out with features like unlimited leverage, stable low spreads, and the ability to trade cryptocurrencies with high leverage and swap-free—services that are difficult for other forex brokers to replicate.

    Additionally, the Exness Premier Program, designed to reward and motivate loyal customers with high trading volumes, has been well-received. This reward system appears to be successful in retaining customers as well.

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  • 08th place
    comprehensive evaluation22.00/30.00

    The new bonuses have enhanced the broker’s reputation, adding to its recognition as a trusted leader in the Forex industry, having won over 60 awards.

    Recommended points and reviews
    • With eight financial licenses, the company has been offering services since 2010.
    • All account types are swap-free.
    • Bonds, ETFs, and other instruments can be traded.
    • Provides copy trading services.
    • All bonuses have been revamped with added cushioning features.
    • Enroll in the civil liability insurance system.

    • Spread3.5

    • bonus3.0

    • Deposits and Withdrawals3.5

    • Number of products3.0

    • support4.0

    • Reliability5.0

    comprehensive evaluation
    22.00
    / 30.00
    Your funds are fully protected with top-tier security! Eight licenses and insurance guarantee their safety.

    Founded in 2010, HF Markets is a prominent broker offering global services among international FX brokers. The group holds financial licenses in eight countries and operates as a highly reliable broker, adhering to strict regulatory standards.

    HF Markets offers a swap-free policy for all account types, giving it a competitive edge, particularly for long-term traders. Additionally, its low-spread Pro account provides trading with exceptionally narrow spreads, making it a versatile broker that caters to a broad spectrum of trading needs, from short-term to long-term strategies.

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  • 09th place
    comprehensive evaluation21.75/30.00

    One of the largest brokers in Australia, serving clients across more than 100 countries. Don’t miss out on the popular prop firm, ‘Axi Select’!

    Recommended points and reviews
    • Founded in Sydney in 2007, the group holds six financial licenses.
    • Trade major currencies and precious metals with leverage of up to 1,000x.
    • 24/7
      customer support
    • Becoming a member of the Financial Commission, it offers coverage of up to 20,000 euros.
    • Provides exceptionally tight spreads.
    • Introduced elite accounts for high-value clients.

    • Spread4.5

    • bonus3.5

    • Deposits and Withdrawals3.5

    • Number of products3.0

    • support2.5

    • Reliability4.75

    comprehensive evaluation
    21.75
    / 30.00
    A well-established FX broker with a strong reputation for its reliable services

    Axi previously provided services in Japan under the name ‘Axi Trader’ but withdrew from the market due to pressure from the Financial Services Agency. After a long absence, Axi re-entered the Japanese market in 2022, offering attractive services like ‘Axi Select.’

    Axi is known for providing a high degree of trading freedom with excellent spreads and leverage of up to 1,000x. Another standout feature is the absence of prohibited activities, allowing traders to trade with confidence. With ‘Axi Select,’ you can receive and manage up to $1 million in funding, making it an ideal choice for those looking to become prop traders.

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  • No.10
    comprehensive evaluation21.50/30.00

    A broker quickly gaining popularity thanks to its exceptionally low spreads, the best in the industry

    Recommended points and reviews
    • Licensed by the Vanuatu Financial Services Commission (VFSC), with services set to begin around May 2021.
    • The tightest spreads in the industry.
    • The transaction fee is 200 yen (approximately 2 dollars) per lot.
    • Leverage of up to 1,000x with minimal restrictions.
    • Fully transparent transactions via the NDD/ECN method.
    • Enhanced security through membership in the Financial Commission.

    • Spread5.0

    • bonus1.5

    • Deposits and Withdrawals4.0

    • Number of products2.5

    • support4.0

    • Reliability4.5

    comprehensive evaluation
    21.50
    / 30.00
    Offering an exceptional trading environment known for both practicality and reliability

    ThreeTrader, a new broker founded in 2021, joined the Financial Commission in 2022, quickly establishing itself as a reliable and trouble-free platform despite its recent launch.

    Dedicated to offering a highly practical trading environment, ThreeTrader aims to deliver lower spreads and costs that outpace those of competitors. Additionally, the broker has introduced a points system that can be redeemed for cash rebates and electronic devices, earning high praise for enabling traders to achieve greater profitability than with other firms.

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  • No.11
    comprehensive evaluation20.50/30.00

    A mid-sized broker established in 2014, known for its attractive range of exclusive campaigns

    Recommended points and reviews
    • Service launched in 2014.
    • Various campaigns are available, including account opening bonuses and deposit bonuses.
    • Favored by scalpers and automated traders.
    • Leverage of up to 1,000x.
    • Powerful execution capabilities, backed by a robust financial infrastructure.
    • We have a team of experienced staff and offer exceptional support.

    • Spread3.5

    • bonus4.5

    • Deposits and Withdrawals3.0

    • Number of products2.0

    • support4.0

    • Reliability3.5

    comprehensive evaluation
    20.50
    / 30.00
    A broker known for offering frequent campaigns

    MYFX Markets was founded to cater to Japanese customers when AxiTrader (now Axi) exited the Japanese market. However, it has since become an independent entity, with MYFX Markets and Axi now operating as separate companies.

    Currently, MYFX Markets is running an exclusive campaign through FXplus. We’re offering a 15,000 yen account opening bonus along with a 5,000 yen cashback, so by opening an account through FXplus, you can start trading at more favorable terms than with other brokers.

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  1. Overview of each evaluation criterion in the recommended rankings

    FXplus’s overall ranking of overseas FX brokers is based on six key criteria: spreads, bonuses, deposits and withdrawals, product variety, customer support, and reliability.

    Tight spreads

    The spread is the difference between the buying and selling price. The wider the spread, the harder it is for traders to turn a profit, putting them at a disadvantage.

    Spreads, which are directly tied to trading costs, have a significant impact on long-term profits and losses. Lower trading costs are always preferable—especially for scalpers and day traders who make frequent trades. In fact, the difference between brokers with wide and narrow spreads can be more than twofold. If you’re aiming for a more favorable trading environment, it’s best to steer clear of brokers with wide spreads.

    Most overseas FX brokers use variable spreads. This ranking is based on the average spreads calculated and compared over a set period of time.

    Bonus Size and Frequency

    We assess both the size and frequency of account opening and deposit bonuses. A higher rating indicates that the broker offers more generous bonus promotions.

    An account opening bonus is a reward you receive simply for opening a trading account. It allows you to experience trading with no financial risk, as you don’t need to invest your own funds. This makes it a great way to explore the broker’s features and usability.

    Additionally, any profits earned from the account opening bonus are withdrawable. This bonus is particularly recommended for those looking to try full-scale trading with a small initial investment.

    The deposit bonus provides trading funds equal to your deposit amount plus an additional XX%. This bonus can be used as margin, giving you the potential to achieve larger profits or extend your trading duration before reaching a stop loss.

    Deposit bonuses with a cushion feature allow you to open positions using only the credits from the bonus. In contrast, if the bonus doesn’t include a cushion feature, it will be forfeited if the account balance falls below the initial deposit. For this reason, deposit bonuses with a cushion function are far more advantageous.

    However, brokers offering generous deposit bonuses often have drawbacks, such as wider spreads. If you’re prioritizing the deposit bonus, you might choose to overlook other factors and select a broker based on that alone.

    Ease of deposits and withdrawals.

    We assess the ease of deposits and withdrawals, as well as the availability of various deposit and withdrawal methods.

    When using an overseas FX broker, many people worry about whether deposits and withdrawals can be processed smoothly. However, overseas brokers now offer a variety of deposit and withdrawal methods, with many reflecting deposits within 30 minutes. Additionally, many brokers support domestic bank transfers, allowing for smooth deposits and withdrawals directly from your bank account, much like with domestic FX brokers.

    There are often rumors about overseas FX brokers refusing withdrawals, but this is unlikely unless there has been a serious violation of the terms and conditions.

    Refusing withdrawals poses significant risks to the broker, including the potential revocation of their license and damage to their reputation. As a result, overseas FX brokers engaging in such practices are quickly weeded out of the market.

    Current overseas FX brokers, particularly those featured on FXplus, are carefully vetted for their trustworthiness, ensuring you can use them with confidence when it comes to deposits and withdrawals.

    Wide range of products

    We place importance on the variety of stocks offered by brokers. While some brokers, like FXGT, specialize in specific assets such as virtual currencies, it’s important to consider not only the number of products available but also factors like spreads and the broker’s areas of expertise before making a decision.

    Reliable support

    We assess both the response time and quality of Japanese support. Brokers with a perfect score of 5 offer 24/7 support, making them highly recommended as they provide the same level of assistance you would expect from a domestic FX broker.

    One concern with overseas Forex brokers is the language barrier, but all brokers listed on FXplus offer support in Japanese. Most brokers have Japanese-speaking staff, so even complex issues can be addressed with care by native speakers.

    Additionally, overseas FX brokers are often more flexible than their domestic counterparts and can quickly incorporate user feedback. Improvement suggestions are valuable for enhancing the broker’s services, so if you encounter any issues or inconveniences, it’s a good idea to report them to customer support.

    Reliability based on financial licenses and track record.

    We assess the reliability of financial institutions based on their licenses and operating conditions. Companies holding stringent licenses, such as the FCA and CySEC, are considered particularly trustworthy.

    Key factors to consider when choosing a broker include whether they undergo regular audits, disclose their financial status, and have their own trust protection measures in place.

    For instance, Exness, a leading overseas FX broker, holds multiple financial licenses within its group and is proactive in disclosing information, making it a highly transparent and reliable broker.

    Select the ideal overseas FX broker based on your trading style.

    This ranking is based on the editorial team’s personal experience with the services. Use this ranking to select a broker that suits your trading style, whether it’s MILTON MARKETS or Traders Trust, which are focused on tight spreads for intermediate and advanced traders, or XM, which emphasizes support and reliability for beginners.

    FXplus features only carefully selected, trustworthy brokers, so you can trade with confidence. Additionally, we’re running a 10,000 yen cashback campaign across all brokers, so be sure to take advantage of this offer.

    Fxplus Cashback Campaign

Ranking & Comparison

  • Latest ranking of overseas FX brokers

  • Overseas FX Broker Full Spec Comparison