30 Best Currenex Forex Brokers

Currenex is a high-quality multi-dealer trading platform that provides access to fund managers, brokerage firms and hedge funds. In this article, we review the 30 Best Currenex Forex Brokers

Currenex offers a wide range of advanced order types and prices are requested from many different liquidity providers, including bank and non-banks.

Currenex has partnered with over 60 global banks and uses the FIX protocol. 

Currenex can be used for Executable Streaming Prices (ESP) execution, Request for Stream (RFS) or Request for Quotes (RFQ) execution and Mid-matching (Currenex MID) execution. 

Currenex is suitable for retail trading and also offers White Label solutions. 

Currenex is a popular platform for hedge fund investors because prices are live streamed and orders can be placed real-time. 

Currenex is a beginner-friendly platform but also offers a wide range of advanced trading tools and different options for connectivity. 

Messaging protocols can be reconfigured to meet your individual trading needs and Currenex offers 24-hour multilingual customer support. 

Currenex was recently rewarded for being the no.1 Multi-Dealer Platform by Volume and for providing reliable services.  

Currenex is not available directly to retail clients, but you can use this platform through a broker or a fund manager, so let’s go over the brokers you can sign up with: 

 

Exness

Overall Rating

4.9/5

Rated #1 of
Recommended FX Brokers

💰Min. Deposit

USD 10.00

🌐Regulators

FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

107

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Exness is a CySEC and FCA-regulated Forex broker that offers more than 100 tradable currency pairs.

The minimum deposit required to trade with Exness is $10 and you can fund your account using AUD, NZD, JPY, CHF, ZAR, SGD, EUR or USD.

Exness offers a variety of Metals,  Cryptocurrencies, Energies, Shares, Commodities, Forex pairs and Stocks that you can trade on MT4 and 5 using standard and professional accounts.

 

Pros and Cons of Exness:

✔️Pros ❌Cons
Inactivity fees are not charged No bonus offers
Minimum deposit is low
Good regulations
Unlimited leverage

 

FXDD

Overall Rating

3.2/5

💰Minimum Deposit

USD 1

🌐 Regulators

FSC, MFSA

📱 Platforms

MT4, MT5, FXDD Webtrader

Crypto

No

💵 Account Currency

USD, EUR, GBP, JPY, CHF, BTC

☪️ Islamic Account

Yes

📊 Leverage

1:30

🛒 Instruments

Metals, Energies, Indices, Stocks, Forex

🏛️ Visit Broker

FXDD was founded in 2022 in the United States and they have more than 400,000 clients worldwide.

FXDD requires a minimum deposit of $1 and they offer 2 types of trading accounts, as well as swap-free accounts and demo accounts. 

You can fund your account using BTC, EUR, USD, GBP, CHF or JPY.

FXDD accounts can be connected to MT4, MT5 and the FXDD Webtrader. 

FXDD offers a variety of Indices, Metals, Stocks, Forex pairs and Energies, and a maximum leverage of 1:30 is allowed.

 

Pros and Cons of FXDD:

✔️Pros ❌Cons
5+ base currencies  Low leverage
Low minimum deposit No trading bonus
Supports MT4 and 5
60+ currency pairs

 

HYCM

HYCM is regulated by DIFC, FCA, CySEC and CIMA, and is based in the United Kingdom. 

HYCM offers 3 types of accounts, as well as swap-free and demo accounts, and a minimum deposit of $100 is required to open an account.

You can fund your account using GBP, EUR, AED or USD.

You can trade a wide range of Cryptocurrencies, Commodities, Forex pairs, ETFs, Stocks and Indices with HYCM and a maximum leverage of 1:500 is allowed.

 

Pros and Cons of HYCM:

✔️Pros ❌Cons
Top-tier regulations No trading bonus
Tight spreads
Beginner-friendly

 

London Capital Group (LCG)

LCG is a CySEC-regulated broker that was founded over 20 years ago.

LCG offers beginner-friendly accounts and more than 7,000 Forex pairs, Indices, Commodities, Shares, Bonds, Spot Metals, ETFs and Vanilla Options.

No minimum deposit is required to open an account with LCG and a maximum leverage of 1:30 is allowed.

As a client, you can trade on MT4 and the proprietary LCG Trader platform.

 

Pros and Cons of LCG:

✔️Pros Cons
7,000+ instruments Low leverage
CySEC and FCA-regulated No trading bonus
Beginner-friendly ECN trading requires a minimum deposit of $10,000
No minimum deposit

 

Scandinavian Capital Markets

Scandinavian Capital Markets is a Swedish forex broker that was founded in 2011 and they have more than 2,000 clients.

They offer 2 types of trading accounts and you need to deposit at least $250 to trade with them.

You can fund your account using USD, EUR or GBP and a maximum leverage of 1:500 is allowed. 

With Scandinavian Capital Markets, you can trade a variety of Commodities Cryptocurrencies, Forex and Indices.

 

Pros and Cons of Scandinavian Capital Markets:

✔️Pros Cons
Suitable for beginners High minimum deposit
Plenty of resources No trading bonus
Low spreads
High leverage

 

OctaFX

OctaFX has more than 10 million clients worldwide and their accounts are available in over 150 countries.

OctaFX offers2 types of accounts with spreads starting as low as 0.6 pips and you can also open a demo account or a swap-free account.

There are more than 30 currency pairs that you can trade with OctaFX and a maximum leverage of 1:500 is allowed.

They also offer a wide range of cryptocurrencies, indices and energies that you can trade on the MT4 and 5 platforms or the OctaFX mobile app.

 

Pros and Cons of OctaFX:

✔️Pros Cons
Tight spreads Only 2 base currencies for accounts
Beginner-friendly Not many regulations
10mil+ clients
Trading bonuses

 

Renesource Capital

Renesource Capital is an FCMC-regulated ECN forex broker that was founded in 2013.

They offer a wide range of Forex pairs, Futures, Options, Shares, ETFs, Bonds, Commodities and CFDs and there are different accounts for each instrument. 

If you’ll be trading Forex with them, you can open an account for as little as $10.

The spreads on forex pairs start as low as 0 pips on the Forex and Bullion FX Pro account.

Accounts can be funded using USD and EUR and some of the forex accounts are commission-free. 

 

Pros and Cons of Renesource Capital:

✔️Pros Cons
Spreads from 0 pips Only 2 base currencies for accounts
Commission-free accounts Not many regulations
Many accounts 
Multiple platforms supported

 

Grand Capital

Grand Capital is a category-A, FINACOM-regulated broker that was founded in 2006.

They have more than 750,000 clients from around the world.

Grand Capital offers more than 500 instruments, including Forex pairs, cryptocurrencies, stocks, indices, metals and energies.

You can connect your accounts to MT4 and 5, and they also offer a proprietary trading platform and 5 account types, as well as swap-free accounts.

You can open an account with them for as little as $10 and they offer VIP perks, loyalty programs and trading bonuses.

 

Pros and Cons of Grand Capital:

✔️Pros Cons
40% Bonus on every deopsit Not many base currencies for accounts
500+ instruments Not many regulations
Low minimum deposit 
Multiple accounts

 

Zaner

Zaner is a licensed and regulated Forex and crypto broker that was founded over 40 years ago.

They offer specialised risk management solutions to all kinds of clients and you can also trade Forex and Futures with them or buy/sell and vault cryptocurrencies.

 

Pros and Cons of Zaner:

✔️Pros Cons
40+ years industry experience Lacking info on website
Professional and institutional accounts

 

FxPro

FxPro is regulated by CySEC and the FCA.

A minimum deposit of $200 is required to open an account with them and you can fund your account using EUR, ZAR, USD, AUD, JPY, CHF, PLN or GBP.

FxPro offers more than 260 Forex pairs, Metals, Shares, Indices, Energies and Cryptocurrencies and one account can be used to trade all these instruments. 

FxPro also offers demo accounts and swap-free accounts.

 

Pros and Cons of FxPro:

✔️Pros ❌Cons
Good regulations 1 account
5+ Base currencies Inactivity fees
2 mil+ clients

 

MBCFX

MBCFX is a NDD broker that offers fixed spreads and plenty of educational resource and content for research and analysis.

They also provide daily market analysis and trading signals for free with 24-hour multilingual customer support.

MBCFX offers a wide range of Forex pairs, Commodities, Energies, Equities, Spot Oil, Spot Gold, Spot Silver and Futures.

As a client, you will be able to trade on MetaTrader 4, the MBCFX CFD PRO trading platform and Currenex.

 

Pros and Cons of MBCFX:

✔️Pros ❌Cons
Fixed spreads Not many regulations
Plenty of resources
Multiple platforms

 

FXCM

FXCM is a multi-regulated broker that was founded in 1999.

FXCM is a great option for social traders, copy traders and high-volume traders and their accounts are also suitable for beginners

You can open an account with FXCM by depositing at least $50 and you can trade a wide range of Shares, Commodities Cryptocurrencies, Indices and Forex pairs with them.

 

Pros and Cons of FXCM:

✔️Pros Cons
Advanced research tools High withdrawal fees
Beginner-friendly 4 base currencies supported
Rebate and Referral Program Penalty fees for inactivity
Great for copy trading

 

Velocity Trade

Velocity Trade is an ASIC and ASX-regulated Forex broker that was founded in 2007.

Velocity Trade is also regulated by FCA, FSCA, TMX and IIROC.

Velocity Trade offers a wide range of Forex pairs, equities, commodities, futures and margin products and you can trade on the proprietary mobile app.

 

Pros and Cons of Velocity Trade:

✔️Pros Cons
Many regulations Account info not readily available
Proprietary mobile app
24-hour Trading Desk

 

Admirals

Admirals (previously Admiral Markets) is regulated by EFSA, FCA, CySEC and ASIC.

A minimum deposit of only $1 is required to open an account with them nd you can fund your account using HRK, CZK, RON, GBP, HUF, USD, CHF, PLN, EUR or BGN.

Admirals offers more than 8,000 Forex pairs, Indices, Stocks, Commodities, Bonds and ETFs that you can trade on MT4 and 5 or the Admirals app.

 

Pros and Cons of Admirals:

✔️Pros ❌Cons
Low minimum deposit Low maximum leverage
8,000+ instruments Penalty fee for inactivity
Negative balance protection
beginner-friendly

 

Milton Prime

Milton Prime was founded in 2015 and they offer commission-free trading.

Milton Prime offers a wide range of Forex pairs, stocks, indices and cryptocurrencies that you can trade on the MT4 and 5 platforms.

There are two types of accounts that you can open with Milton Prime – one for trading and one for investing.

They also provide plenty of resources and educational content to help beginners learn the basics of trading. 

 

Pros and Cons of Milton Prime:

✔️Pros ❌Cons
Tight spreads Limited info on accounts 
NDD execution
Beginner-friendly
FSA and FSC-regulated

 

Hantec Markets

Hantec Markets offers forex currencies, indices and commodities for retail and professional clients.

As a client, you can trade on MT4 and 5 and plenty of educational resources are provided to help you with building a strategy, managing risks and learning how to trade.

They also provide an economic calendar that you can use to keep track of major economic events. 

 

Pros and Cons of Hantec Markets:

✔️Pros ❌Cons
Suitable for beginners High minimum deposit for currencies
Tight spreads
Scalping allowed

 

Axi

Axi (previously Axitrader) is regulated by the ASIC and FCA and they have more than 60,000 clients worldwide. 

Axi was founded in 2007 and their accounts can be connected MT4, Myfxbook and PsyQuation.

No minimum deposit is required to open an account with Axi and you can fund your account using AUD, NZD, EUR, CAD, PLN, JPY, GBP, USD, HKD, CHF or SGD.

 

Pros and Cons of Axi:

✔️Pros Cons
No minimum deposit Account info is difficult to find
Commission-free trading
No inactivity fees
5+ base currencies

 

Libertex

Libertex is a beginner-friendly broker than was founded in 1977.

They have won more than 70 awards and they offer more than 250 ETFs, commodities, Oil, Indices, Stocks, Cryptocurrencies, gas, Forex pairs and Metals.

Libertex is regulated by the FSCA and you can trade on MT4 and 5 or the proprietary Libertex platform. 

 

Pros and Cons of Libertex:

✔️Pros Cons
Beginner-friendly 4+ base currencies
Negative Balance Protection No swap-free account
70+ awards won

 

FxPlayer

FxPlayer is a low-cost NDD broker that was founded in 2014.

They offer commission-free trading and 6 types of accounts, and you can trade a variety of Forex pairs, commodities and indices. 

The minimum deposit required to open an account is $50 and a maximum leverage of 1:200 is allowed on accounts.

 

Pros and Cons of FxPlayer:

✔️Pros Cons
6 account types Not regulated
Commission-free trading
Trading bonuses

 

Litefinance

LiteFinance is an ECN broker that was founded 15 years ago.

LiteFinance is a good broker for social trading and it is also a beginner-friendly option.

They provide plenty of educational resources like trading guides, articles and demo accounts.

We recommend this broker to stock traders and you can buy stocks from major stock exchanges like NASDAQ, NYSE and EURONEXT.

 

Pros and Cons of LiteFinance:

✔️Pros Cons
CySEC-regulated No account info
Trading bonuses No US clients
MT4 and 5 support
Low-risk broker

 

Sucden Financial

Sucden Financial has more than 45 years of experience in the Forex industry.

With Sucden Financial, you can invest in and trade a wide range of Metals, Forex pairs, Commodities and Energies.

Sucden Financial was founded in 1973 and is regulated by the FCA.

They offer hedge fund accounts, pension funds, asset managers and accounts for corporate and institutional clients. 

 

Pros and Cons of Sucden Financial:

✔️Pros Cons
120+ forex pairs High minimum deposit
Variety of products and services No account comparison table
FCA-regulated

 

Baxter-FX

Baxter-FX is an STP broker that offers managed accounts and margin trading.

Their accounts are designed for different styles of trading and you can use either a treasury style account or futures style account.

You can fund your account using EUR, AUD USD or GBP and a minimum deposit of $50,000 is required, so we recommend this broker to professionals. 

 

Pros and Cons of Baxter-FX:

✔️Pros Cons
STP accounts High minimum deposit
Multiple platforms Limited assets
ASIC-regulated

 

Advanced Markets

Advanced Markets is a 100% Direct Market Access broker that is regulated by MiFID and FCA.

Advanced Markets offers a wide range of Forex pairs, commodities, indices, metals, stocks and cryptocurrencies.

A minimum deposit of $2,500 is required to open an account with Advanced Markets.

 

Pros and Cons of Advanced Markets:

✔️Pros Cons
120+ forex pairs High minimum deposit
DMA broker Not many base currencies
FCA-regulated

 

Tradeview Markets

Tradeview Markets is an ECN and NDD broker that was founded in 2004

Tradeview Markets offers 2 types of accounts and commission-free trading. 

The minimum deposit required to open an account with Tradeview Markets is $100.

Tradeview Markets provides a variety of Forex pairs, Crypto, commodities, indices, futures and stocks. 

 

Pros and Cons of Tradeview Markets:

✔️Pros Cons
Tight spreads Only 20 currency pairs
Variety of instruments
Scalping and Hedging allowed

 

IC Markets

IC Markets was founded in 2007 and offers more than 1,700 instruments.

A minimum deposit of $200 is required to open an account with IC Markets and this broker is regulated by ASIC, FSA and CySEC.

IC Markets offers 3 types of accounts and managed account services. 

 

Pros and Cons of IC Markets:

✔️Pros ❌Cons
Multiple accounts No US clients
VPS available No investor protection for non-EU clients
10+ payment methods

 

EVFX

EVFX was founded in 2011 and is an FCA-regulated broker based in London.

EVFX offers a variety of Forex pairs, commodities, CFDs and Indices, and there are more than 90 currency pairs to trade.

 

Pros and Cons of EVFX:

✔️Pros ❌Cons
FCA-regulated No US clients
90+ currency pairs

 

Finotec

Finotex is an FCA-regulated investment manager and brokerage for professional traders. 

Finotec is based in London and was founded in 2007.

Finotec offers 3 types of accounts and the lowest minimum deposit required is $25,000.

Finotec provides a variety of forex pairs, CFDs, Metals and oils

 

Pros and Cons of Finotec:

✔️Pros ❌Cons
FCA-regulated Very high minimum deposit
Deposit protection
Spreads from 0 pips

 

Alpari

Alpari is a popular ECN broker that has more than 2 million clients.

Alpari offers 4 types of accounts and a variety of forex pairs, metals and CFDs.

A minimum deposit of only $5 is required to open an account and a maximum leverage of 1:1000 is allowed.

 

Pros and Cons of Alpari:

✔️Pros ❌Cons
Referral rewards 4 account currencies
Suitable for Copy Trading No USA clients
multiple account types
Low minimum deposit

 

AvaTrade

AvaTrade is regulated by ASIC, FRSA FSA, BVI, FFAJ, FSCA, ADMG and MiFID, and has over 300,000 clients.

AvaTrade has won more than 100 awards and offers 4 types of accounts. 

A minimum deposit of $100 is required to open an account with AvaTrade and accounts can be funded using USD, GBP, EUR, CHF or AUD.

 

Pros and Cons of AvaTrade:

✔️Pros ❌Cons
Many regulations No USA clients
Free deposits and withdrawals
Beginner-friendly
Multiple account types

 

Conclusion

We recommend trading with one of the 30 Best Currenex Forex Brokers listed in this article because they are regulated and safe to use. 

By using Currenex, you can enjoy low-latency trading and access to a variety of liquidity pools. 

Currenex offers a variety of user interfaces and API access and can be configured to be beginner-friendly and retail-focused, or a White Label solution for corporate clients. 

We hope that this article will help you choose a broker that is right for you.

 

Good luck with your trading!