5 Best Web Based Brokers in 2021

Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Web-based brokers are those Forex brokers that support Forex trading solely in the Internet browser window without installing any trading software. We have organized a list of Top web-based brokers to help you make the right decision.

1
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best all around broker
High floating leverage + fast execution
2
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
3
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
4
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders
5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Trade 1,000+ financial instruments
Experience low, competitive spreads
Multiple funding and swift withdrawal options

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500..
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • Eightcap, Competitive pricing + excellent daily videos.

FXTM

5.0/5 in this category
In Summary
Best all-around broker with high floating leverage and fast execution

FXTM is one of the most trusted forex brokers in the world and operates under the compliance policies of three different regulators. These regulators include CySEC, CIF, and FSCS. Such regulators give traders the peace of mind that their money will be protected, and any investments made through FXTM are legit and overseen by the relevant governing bodies. For instance, when depositing funds into FXTM, traders can feel rest assured that the company is not taking their money for personal gain. All company accounts are kept separate form client deposit accounts. Furthermore, the company has advanced SSL encryption on their sites in order to protect client information.

Pros
  • Excellent commission-based Forex pricing environment and transparency

  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app

  • Quality market research and educational content for beginner traders

  • Proprietary copy trading platform, low minimum deposit, and high leverage

Cons
  • Limited choice of cryptocurrencies and commodities

FP Markets

5.0/5 in this category
In Summary
ECN trading with leverage up to 1:500.

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

FP Markets Pros & Cons

Pros
  • Choice of trading platforms and auxiliary trading tools

  • Very competitive cost structure and excellent asset selection

  • Low minimum deposit requirement and leverage of up to 1:500

  • Well-regulated and trustworthy

Cons
  • Availability of Iress geographically restricted

AvaTrade

5.0/5 in this category
In Summary
Highly regulated, choice of fixed or floating spreads

AvaTrade was established in 2007 and is headquartered in Ireland. This renowned and trustworthy forex broker is licensed in a number of countries around the world. The broker is regulated by the Central Bank of Ireland in their home nation of Ireland. Furthermore, they are regulated by the Australian Securities and Investments Commission in Australia, the FSC in the British Virgin Islands, the South African Financial Sector Conduct Authority in South Africa, and the Financial Futures Association and the Financial Services Agency in Japan. They also have licenses in Israel and the United States. In addition; they have licenses from the Financial Futures Association and the Financial Services Agency in Israel. They also have licenses in Israel and the United Arab Emirates.

Pros
  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

Cons
  • Trading costs competitive but nothing special

BlackBull Markets

4.5/5 in this category
In Summary
Best ECN trading environment, with scalping and hedging

BlackBull Markets is a New Zealand-based company that was launched in 2014. While this forex broker is still considered a newcomer to the sector, with only 7 years under its belt, one would never know it by looking at their operations. BlackBull Markets provides a very entertaining environment for traders of all levels of experience. They have made a point of emphasizing UX and UI - something that some older trading platforms often lack. The forex broker is certified and regulated by both the New Zealand Financial Markets Authority and the Seychelles Financial Services Authority in terms of security, dependability, and reliability.

Pros
  • ECN/NDD execution model with deep liquidity

  • Institution-grade pricing for retail traders via proprietary price aggregation

  • ZuluTrade and Myfxbook for social trading

  • Leverage of up to 1:500

Cons
  •  Limited deposit options

Eightcap

4.5/5 in this category
In Summary
Competitive pricing + excellent daily videos

Eightcap is an Australian-based forex broker and financial services provider. This highly regarded company is situated in Australia, but it does business all around the world. Their language selections are international as well, with the site available in French, German, Spanish, Italian, English, and five additional languages. The Vanuatu Financial Services Commission and the Australian Securities and Investment Commission both regulate the broker. Eightcap has teamed with Capitalised.ai to provide automated trading to their clients. The company has been in operation for twelve years, and traders can feel safe utilizing it because it is backed by two regulators.

Pros
  • Low minimum deposit and high leverage of up to 1:500

  • Competitive cost structure

  • Excellent technology infrastructure and seasoned management team

  • Daily research and quality educational content

Cons
  • Limited leverage in some areas

Web-Based Trading

Recent studies show that 89% of computer users stay with one of the various versions of Windows and very few use Linux or Mac. To deal with the problem, the Forex industry has come up with a good solution: web-based trading platforms, accessible from pretty much any browser. Since web-based platforms require no installation, they are welcomed not only by traders who use operating systems other than Windows, but also by users who trade from different locations around the world and prefer not to have the need to install the same application on a number of computers.

Before deciding if web-based trading is for you, review the list of Top web-based brokers below. The fact that a broker is web-based should not be the only consideration you are looking at. Forex brokers must meet your needs in many other ways. We have organized this list to help you make the right decision.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.