Forex Brokers Reviews

Add Forex broker reviewIn this section you can find selection of review the top Forex Brokers for 2017 in various countries including US and UK. The reviews below are the collection of information and rating from our team of experts and other traders like yourself, and below you can access comprehensive and updated table of the best Forex Brokers and their detailed overview.

If you have experience with any of the listed online brokers below, please leave your own Forex Broker review to grow the awareness and help other traders to make the right choice.

10markets broker reviewA fresh face has entered the forex industry this year. Established in 2015, 10Markets is here with forex, commodities and shares services. The touch and feel of the broker’s site is user-friendly, easy to navigate and overall pleasing. The broker brings you Metatrader 4 platform with maximum leverage up to 1:200 and minimum deposit of $200.

121clearing Broker ReviewsUK-based forex broker with forex, commodities and indices trading instruments. The broker offers Metatrader 4 platform, aside with in-house platform. The broker operates under Finotec Trading UK Limited ( regulated broker)

12trader ReviewEstablished in 2015, 12Trader is FSP regulated UK forex broker with minimum deposit requirement of $50 and maximum leverage of 1:200. Several account types are available for traders to choose from, including demo account for practicing your trading skills. Payment method options lack variety and offer only credit card and wire payments. Automated trading is not available with this broker. Islamic swap-free accounts are provided on request.

1BillionForex ReviewBelize-based broker, online size 2013 with over 28 currency pairs, maximum leverage of 1:1000, minimum deposit as low as $5 and wide selection of payment options including our most favorites Neteller and Skrill. All trading styles are welcome. With 1Billionforex you trade with Metatrader 4 platform. There are several account types, including ECN.

24fx Review

24FX is a new forex broker, established in 2013 by Rodeler Ltd company, also operating a binary option broker brand 24Options. The broker is regulated by CySEC and offers forex trading services with 1:400 leverage, low spreads from 3 pips and intuitive software platforms including Metatrader 4, Sirix Webtrader and Mobile version.

24option Binary Broker

24Option provides binary option brokers services for beginners and professional traders. With the optimum binary options platform, the broker offers wide range of financial instruments. The minimum deposit requirement is $200. There are many trading features to choose from including high/low, one touch, boundary, buy back and others.

scam forex brokerThe broker is marked as scam.

3TG Brokers has lost its regulation with New Zealand regulatory authority in 2015.

The broker ceased it's service and the website is no longer online.

4xnetworks ReviewLocated in Belize, 4xnetworks is an unregulated introducing forex broker for MFX broker offering online trading solution. The broker claims to have over 10,000 clients and liquidity with more than 20 banks involved.

4XP (ForexPlace) Review

WARNING: The broker discontinued its activity.

2013-10-14:  4XP has been blacklisted.  

We advise not to open accounts with the broker. If you have any available funds with 4XP, this is a good time to withdraw it, while it is still possible.

5starsforex broker scam alertThe broker is marked as scam.

4Startsforex ceased to provide trading services.

Their website redirects to Eastman Libersat legal advisory company.

AAAECN Review

Online since 2011, regulated by IFSA of St. Vincent, broker with trading services, minimum deposit of $100. Demo account limited to 35 days, MetaTrader 4 platform. Lack of variety of payment options - only credit cards and wire transfer are accepted.

aaafx broker reviewFound in 2008, AAAfx resides in Athens, Greece and provides trading services to thousands of live accounts from all over the world. AAAFx is regulated in Europe, registered under HCMC (Hellenic Capital Market Commission) and is MiFID (Markets in Financial Instruments Directive). Unfortunately US traders are not accepted at the moment due to latest NFA regulations.

abshire smith reviewsFCA regulated UK broker established in 2011. USA traders are not accepted. Payment options include cashU, Neteller, Skrill and Wire transfer. Minimum deposit requirment is $500, maximum leverage is up to 1:200, Metatrader 4 and another in-house web-based platform. 

accentforex screenshotRelatively new in town, AccentForex brings you the financial services with well-known MetaTrader 4, minimum deposit of just $10 and up to 1:500 leverage. Various payment methods are accepted and the broker runs wide range of bonus and competitions for loyal clients.

forex broker closed

ACM forex broker is out of business. AC Markets had a very rocky history of unfortunate events, starting from police raid in 2009, postings of fake positive reviews all over the internet from satisfied traders, denial of FINMA license in 2010 and more. ACM was later on sold to SwissQuote.ch.

 

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ActivTrades is located in UK and offers no dealing desk trading services for Forex, CFDs and Spread Betting. The broker is regulated by the FCA, and affiliated with Financial Services Compensasion Scheme (FSCS). Unfortunately the broker is not regulated in USA and therefore does not accept US traders at the moment.

adamant finance reviewsLocated in Vincent and the Grenadines, this off-shore forex broker welcomes USA traders. Payment options include Neteller, Webmoney, CashU, Bitcoin and others. Minimum deposit just $1, maximum leverage up to 1:500.

admiral markets reviewFound back in 2001, AdmiralMarkets is a part of Admiral Markets Group, licensed by Estonian Financial Supervision Authority(EFSA) and regulated by MiFID (Markets in Financial Instruments Directive). The broker is dedicated to provide quality service, funds safety and transparent trading experience for clients worldwide. 

advancedmarkets

Advanced Markets offers Direct Market Access (DMA) with forex and precious metals trading. Established in 2006, the broker provides liquidity and credit solutions to brokers and banks worldwide.

Bank market makers and prime broker partners include Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Deutsche Bank, J.P. Morgan, Morgan Stanley, Nomura, UBS as well as Macquarie Group Ltd (“Macquarie Bank”).

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Previously known as Marketiva, AGEA tries to fit in the vast word of expanding, motivated, quality forex brokers. Currently unregulated and with minimum features, the broker's only advantage is its low deposit requirement and cent accounts. AGEA offers several trading platforms including MetaTrader 4 and the in-house Streamster. Demo account is available for new traders with $10,000 for 30 days only.

agm markets reviewsCyprus-based, regulated forex broker, AGM Markets has been online since 2011. There are 2 account types, one of which offers ECN environment. Swap free Islamic account are available. Minimum deposit requirement is $250. The broker offers wide range of payment methods including Webmoney and Skrill. Leverage is up to 1:200.

AHMZtradeFX broker reviewsAHMZtradeFX is Cyprus regulated forex broker, established in 2016 with STP and ECN trading environment. The broker offers 40 currency pairs, minimum deposit of $500 (which is too high compared to similar brokers), payment methods include credit cards, wire, skrill and neteller.

Alfa Financial Review Alfa Financial is forex trading provider established in 2010 and located in Dubai. The broker requires very high minimum deposit of $10,000, although in the past the broker requested $25,000 minimum deposit! Payment method only includes wire transfer. Another thing that caught our attention is the speed of the broker's website, which is extremely slow.

alfa-forex reviewsRussian-based forex broker, regulated by Cysec and online since 2004. Alfa-forex seems to be a very small broker and lacks both information on its website and features. There is no demo account, which is literally a crime for a forex broker today. The awards listed on the broker’s website are not clear – the titles are impressive but who issued the awards is not mentioned. Minimum deposit is just $1, however the payment methods are limited to credit cards, wire transfer and some kind of online payment option Alfa click no one heard of.

alfatrade screenshotAlfaTrade has been established back in 2013 and is currently regulated by FCA (financial conduct authority). AlfaTrade provides financial services with majority of the clients being retail and institutional investors. Clients’ funds are stored in the segregated accounts (in other words, the company doesn’t mix your money with its own) and the broker follows stick rules and guidelines of the regulatory body.

Alpari ReviewFounded in 1998, Alpari offers clients a full package of the modern financial instruments and technological solutions for online trading and investment The trading turnover of the Alpari companies in 2014 was 2.5 trillion USD. The broker is regulated by Financial Commission and CRFIN.

altrade broker reviewAl Trade UK-based broker without regulation, established in 2003. Minimum deposit is $20 with not enough options for payment methods – just credit card, wire transfer and webmoney. Maximum leverage is up to 1:500, Metatrader 4 platform, several trading accounts to choose from. Broker claims to have variable spreads while in fact the spreads are fixed, starting from 1.5 pips on majors.

alvexo screenshotAlvexo forex broker specializes on financial trading services, advanced trading tools and market analysis for currency and CFDs. The broker is led by the team of traders with experience in investment and aims to provide safe, regulated and transparent trading environment. Alvexo brings you comprehensive educational materials, advanced trading features and dedicated customer support.

forex broker out of business

Arab Financial Brokers (AFB) is out of business. The website leads to alternative payment provider.

Argus reviewArgusFX broker was established in 2000 and is regulated by CySEC. The broker offers 50 currency pairs with STP trading execution, Metatrader 4 platform, minimum deposit is $1. Good selection of payment methods, including Skrill and Neteller.

asiafxi-review-screenshotThe broker with vague trading conditions, lack of basic information, unreliable details about the location and the registered company. We suggest to stay away.

broker out of business

The services of this broker have been ceased. All the existing clients were transferred to an alternative broker xForex.

atcbrokers reviewUS based broker with lots of regulations, rules and requirements. Established in 2007 ATC broker offers US and UK websites. USA traders are accepted, but can take advantage of only 1:50 leverage and limited amount of payment methods. International traders have access to 1:200. Minimum deposit requirement is ridiculously high - $5,000 and there are deposit and withdrawal fees applied. Moreover, demo account is not available for immediate download, but rather you have to send a request for it and wait for up to 24 hours.

Avatrade Broker Reviews

Whether you are an experienced trader or a novice, AvaTrade's adaptable trading platforms and services provide you with the right balance of simplicity and sophistication. It's no wonder that Ava has earned nine industry awards since 2009.  Open Trading Account

Avatrade Review

axitrader broker reviewAustralian broker Axitrader, online since 2007, is regulated by ASIC and FCA, offers forex trading services for over 60 currency pairs. Minimum deposit is $200, various payment methods including Skrill and Neteller.  

blackwell screenshotWith representative offices in Cyprus, China, Singapore, the United Kingdom, and New Zealand, Blackwell Global provides online trading solutions with wide range of investment instruments. The broker is registered and regulated by Financial Conduct Authority (FCA) and CySec. The broker does not accept US clients at the moment.

Blitzbrokers Review

UK regulated forex broker with ECN/STP accounts without minimum deposit requirements. Leverage up to 1:400, spreads from 1 pips, MetaTrader 4 platform with desktop, mobile and web versions.

Blueberry markets reviews screenshotAustralian broker established in 2016, regulated by ASIC. USA traders are not allowed. No dealing desk broker offers forex, CFDs, futures, commodities, oil and gold on MetaTrader 4, all trading styles allowed. Social trading features and VPS hosting are available. Minimum deposit $100.

btfx screenshotEstablished back in 2011, BTFX offers forex, commodities and CFDs trading services and competes with other fast growing brokers in the industry for the reputation and quality. BTFX swears by its transparency and ethics. Minimum deposit $250, variable spreads, commissions charged.  The broker is regulated by MFSA.

CIBFX ReviewCIBFX broker is located in London, UK and offers several trading accounts with minimum deposit requirement of $100. Daily market reviews and video tutorials are available on the broker's website. Maximum leverage is 1:200 and spreads start from 1 pip.

Circle Markets ReviewNew Zealand STP forex broker, Circle Markets, was established in 2016 and offers forex trading with over 35 currency pairs to choose from.  MetaTrader 4 platform with minimum deposit requirement of $300. The broker is regulated by FSP. 

single clickEstablished in 1983, a UK broker City Index belongs to the leaders in spread betting and CFD trading.  With over 29 years of experience, City Index is part of privately owned company with substantial shareholding in the world’s leading derivatives broker ICAP plc.  The broker transacts in excess of 2 million trades every month for traders over 50 countries worldwide.

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CityPoint Trading (previously known as Azurite Markets forex broker) has been established in 2008 and is situated in London, United Kingdom. The broker is regulated and offers trading services on major currency pairs, indices, commodities and energies. 

CMC Markets Forex BrokerCMC Markets is one of the antique players in the investment market, established in 1989. According to the broker, in 2014 they have executed over 33 million trades. With CMC Markets traders are promised fast and efficient trading with low spreads. US clients are not accepted at the moment.

cms screenshotEstablished in 1999, CMS Forex is an introducing broker for Gain Capital broker, offering competitive spreads over 50 currency pairs, selection of order types, user-friendly features of the VT Trader and MetaTrader 4 platforms. CMS Forex regulated by FCA and USA traders are accepted.

CMSTrading review screenshotBroker with lots of unclear information. Several companies listed on the website in association with the broker. Whilst the companies may be regulated, the broker itself isn’t. Very high minimum deposit requirement with high spreads. Dealing desk execution and you cannot withdraw anything less than $500.

CMtrading ReviewCMTrading is South African broker with forex, commodities, indices and stocks trading services. Committed to innovation, the broker brings unique features to keep your trading environment professional and fun. MetaTrader 4 platform is at your service, synced with Sirix for web-based and mobile trading. 

forex scam broker

2017: Broker is marked as scam, out of bussiness.

2017: CommexFX’s  CIF and Cysec licenses withdrawn following string of suspensions and fines.

2016: Broker's website is down and clients are unable to get in contact with the broker. The owner of the broker is most likely to be in jail for his fraud activities.

Currency House ReviewCurrency House broker has been established in 2015 and offers forex trading services. Minimum deposit with this broker is rather high - $1,000. Trading platform xStation is the only option you have got. Demo account is available with $100,000 virtual cash to practice. Maximum leverage is 1:200. There is no physical address listed on the site and the broker is not regulated.

D24FX Review

D24FX has been established in 2016 and offers forex trading services. The broker is not regulated and located in Marshall Islands. Minimum deposit requirement is $250 and there is non deposit bonus offer for beginners. Many payment methods are available including Paypal, Skrill and Neteller.