Forex Brokers Reviews

Forex brokers are vital for both retail and institutional Forex traders success and it’s also very important to trade using a reliable trading platform. Forex trading is not restricted to professional traders or a few specially chosen people in the market. And top rated FX brokers are able to cater to a wide variety of needs, beginners and amateurs included. All Forex brokers, both good and bad, are free to be used by any trader, regardless of their experience, budget, or type of investment. 

The way to find the best and most reliable Forex brokers is to find good resources for honest opinion and trading experience in order to take good and bad brokerage apart. In this section we collect all online Forex trading companies in one big list with their details rated and discussed. Finding the reliable broker to trade with is not so difficult anywhere because with the right knowledge you can filter out the bad seeds out of the top rated Forex brokers in the fx industry in the matter of seconds. The agenda in this section is to bring awareness about all types of forex brokers in the industry, compare their trading conditions to generally accepted standard of good conduct among such firms and choose best Forex brokers to trade with for both experienced an beginner traders today. Within the following list you can find platforms that are scam, along side with recommended and highly reputable brokerages.

How Do We Decide Which Ones are Best Forex Sites and Which Ones are Fraud

The main agenda for this resource has always been to provide a reliable Forex trading broker guide. There are just too many firms offering their services and without proper guidance it is almost impossible to figure out who is playing by the rules, and which one is scamming their customers. At the first glance, most brokers look reliable and attractive, however in some cases after trying out the platform, checking out the features, researching about each and every broker, receiving feedbacks from real traders, you can filter the top Forex brokers from the bad apples.

We are a team of experienced traders with over 10 years of experience in the industry. We have seen it all, traded with many, got burned by rotten Forex brokers, profited with the secure ones. Our experts of traders have the right set of mind and understanding of the industry in order to identify and rate the available material and present it to the public. 

As we rate all of the listed Forex trading broker, we make sure to research about their reputation among other traders online. We need the real comments and feedback from people who have experience with the platforms in order to create reliable information for those who seek genuine reviews. We collect the general information, verify the facts listed on each brokers' website, follow up with the customers who have traded or are currently using each and every broker.

At the end we have this section of review Forex Brokers from various countries including US, UK, Australia, France, Germany, South Africa, India, Cyprus, Spain and more.  This is an ultimate guide and hand-picked collection of information and rating from our team of experts and other traders like yourself, so make a best use of it!  

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.

Importance and Purpose Of Forex Broker Reviews And How We Review Forex Trading Companies Listed Here

Forex brokers reviews are created to list down the performance, level of trust, customer satisfaction and overall grade of a broker. In order to make proper assessment of the available information you get from the websites, feedbacks, forums and social media, you have to understand the industry and the market really well. In other words, you have to be an experienced trader with significant amount of trading hours to support your claims and expectations.

At Forex Explore we stand by fairness and unbiased Forex broker rating and opinion. Each review consists of not only the advantages of each broker but reviews negative points and the lack of certain features you would expect a Forex trading broker to have. We make sure to follow Forex review checklist with every broker in question to create quality information for our viewers and reliable resource of brokers yellow pages of a sort.


All of the available Forex trading brokers reviews are conducted by expert traders and market reviewers who are strongly involved in currency market for many years. Our overall experience in trading and investment gives us over the top understanding of how brokers should do business and what information is relevant when it comes to choosing the best Forex broker in the industry today for forex or bitcoin crypto trading.

The Best Forex Brokers – How to Select A Top Rated Forex Broker from the Database

the best forex brokersWhether you are searching for reliable Forex broker or your prime agenda is to analyse a complete list of all the top rated trading brokers available today online - the task to too great and time consuming to do it on your own from the very beginning. There are just way too many brokers governing the internet at this point.

For a complete beginner in the currency trading, this can be a huge turn off. While you still don't have proper knowledge and experience to determine whether the broker is good or scam. Therefore the following section is a deal come true, because here you can find all that broker review pros and cons you have been searching for to help you investigate and choose the right brokerage from the huge bunch.


Traders Way reviewsEstablished in 2010, Dominica located forex broker Traders Way offers STP trading services on forex, stocks, energies, commodities and metal.  Minimum deposit of just $1, various payment methods including Skrill, Neteller, Webmoney and others, MetaTrader 4 platform and in-house cTrader, maximum leverage up to 1:1000.

tradertrustTradersTrust TTCM provides brokerage services to retail traders with transparent, secure and regulated environment. Traders worldwide can take advantage of MetaTrader 4 terminal and ensure the complete control over their positions. The broker offers variety of trading instruments, including Forex, CFDs, Spot Metals, Oil and Indices.

disabled forex brokerThis binary option broker has ceased it's services. Website is down.

TradeV Review TradeV was established in 2011 and is currently located in Marshall Islands. The broker is not regulated. Special features include "watch and copy" other traders. There is negative balance protection. Many payment methods are available including Skrill, Paypal, Neteller and more. Minimum deposit requirement is quite high - $500.

trading212 screenshotHeadquartered in UK, Trading 212 is a trading name of Avus Capital UK Ltd. and offers forex and CFDs online trading services with latest web and mobile technologies for its in-house platform. With many advanced features, the platform brings you the optimal trading experience and satisfaction.

trading bank screensot

Note: Broker's website seems to be down. Possible scam alert.


tradize review screenshotLocated in St. Vincent and the Grenadines, Tradize Ltd is a subsidiary of Famous Investment Limited. The broker was found in 2013 and offers online trading services and investment solution. Minimum deposit is $100, and maximum leverage is up to 1:1,000.

triomarkets screenshot

Established by 3 professional traders with over 15 years’ experience, TrioMarkets™ is a trademark of EDR Financial Ltd. The broker is regulated by CySec and MiFID authorities and opens doors to online forex via MetaTrader 4, mobile and web platforms. The broker’s official address is listed in Cyprus.

Turnkey Forex Review

Broker with minimum deposit of $5, leverage up to 200:1, spreads from 0.2 pips with $2 commissions charged for each 100k. Turnkey Forex is not regulated and is headquartered in UK. 

umarkets reviewsBelize regulated broker, UMarkets offers forex trading services via Metatrader 4 platform since 2014. Minimum deposit requirement is quite high, compared to similar-level brokers and spreads are, frankly, not tight. ECN account is not properly explained on the broker’s site.

valutrade broker reviewsUK-based regulated forex broker, Valutrades provides ECN trading environement with spreads starting from 0.2 pips on majors plus $5 commission per standard lot traded. The broker has been operating since 2012, previously known under a different name - Monex Capital. Minimum deposit requirement is $100, payment methods include Skrill, Neteller, Qiwi, wire transfer and credit cards. 

disabled forex brokerNote: Varengold Bank FX stopped all trading services on October 14, 2016. The broker transferred clients to Prime Brokerage.

Vipro Markets Review

Cyprus based broker Vipro Markets offers forex trading services since 2015 with minimum deposit requirement of $25. MetaTrader 4 platform, several convenient payment methods including Neteller and Skrill and leverage up to 1:500.

disabled scam forex broker reviewVomma forex broker ceased to provide trading services. Broker's website is down.

weltrade reviewWeltrade broker has been established in 2006, regulated by IFSC, USA traders are unfortunately not accepted. Trading platform is Metatrader 4, minimum deposit requirement is $25, payment options include Neteller, Skrill, Webmoney, CashU and many others.

whaleclub reviews screenshotWhaleclub is rather unusual unregulated Hong-Kong based bitcoin broker – it offers trading services, but only accepts bitcoin as payment method. There is in-house web platform with social trading features, demo and live account with no minimum deposit requirement.

worldwidemarkets reviewsUK based forex broker, regulated by FCA and FSC, offers trading services via in-house web-based platform and Metatrader 4. Minimum deposit requirement is just $250 and payment methods include credit cards, wire transfer, Skrill and Neteller. Variable spreads start from 0.4 pips on majors.

xcfd screenshotEstablished in 2013, xCFD is one of the CFD brokers offering online trading opportunities to traders all over the world in the financial markets. The broker is located in New Zealand and is a member of Financial Action Task Force (FATF). The broker doesn’t list enough information on its site to be considered an honest and reputable broker.

disabled forex broker xforex reviewXforex has ceased its trading services. Broker's website redirects to xTrade broker.

XM Broker ReviewsFormerly known as TradingPoint of Financial Instruments Ltd., XM is a regulated forex broker established back in 2009. The company provides traders with secure and reliable acces to commodities, CDFs and forex markets with competitive trading features, outstanding support and attractive monthly promotions. Minimum deposit is just $5. There is variety of payment methods including skrill and neteller.  Open Trading Account

disabled forex broker xpmarkets reviews

The broker is no longer active. Broker's website is down.

xtb forex broker reviewUK-based forex broker, online since 2002, regulated by FCA. USA traders are not accepted. Many trading instruments including 45 currency pairs, 3 account types with minimum deposit of $250. Tight spreads, maximum leverage of 1:200.

youtradefx broker reviewsEstablished back in 2008, YouTradeFX is currently regulated by the Financial Services Authority (FSA). With over 29 financial instruments to choose from, the broker offers flexibility, security and transparency in the financial industry. The company primary office is situated in London. YTFX unfortunately doesn’t offer their services to U.S. clients at the moment. broker reviewRegulated forex broker with minimum deposit of just $1, rich selection of payment methods, STP trading model and maximum leverage of 1:200. Trade belongs to GMO Click Group with offices in Tokyo, Hong Kong and London.