Forex Brokers Reviews

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 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.

Darwinex Review

Darwinex was established in 2012 and belongs to the company Tradeslide Trading Tech Ltd. Located in UK, the broker is regulated and offers trading services with MetaTrader 4 and cTrader platforms over 34 currency pairs. This is STP, no dealing desk broker with minimum deposit of $500 and leverage up to 1:200. 

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DF Markets owned by Delta Financial Markets is forex and CFD broker regulated by FCA and located in London. The newest feature that the broker added is the Spread Betting for UK and Ireland clients. DF Markets offers financial trading services and committed to transparency and competitive trading conditions.

divisa capital reviewDivisa Capital is not our favorite choice for a forex broker. The website lacks necessary information about trading conditions, the broker doesn’t seem to have demo account and the first step in opening a live account is submitting a form. Minimum deposit is colossal summing to $2,500. Trading platforms include Metatrader 4, various versions of Currenex, and cTrader. The broker is regulated.

scam forex broker

Note: DQFX appears to be out of business. Broker's website is no longer accessible.  

DQFX has joined the financial arena in early 2015 and provides regulated and licensed online trading environment with direct market access to its client. DQFX works hard to improve and innovate its technology and features to fit the needs of security and fast execution. DQFX is fully regulated under the International Financial Services Commission.

dukascopyLaunched back in 1998, Dukascopy first was a project to research and develop complex financial systems through mathematical means. Now Dukascopy broker offers forex and precious metals trading services with equal trading possibilities for both experienced and beginner traders and with transparent pricing environment.

easymarkets review Easy Markets is rebranded from Easy-forex broker, operating since 2003. The broker is market maker and had an unstable reputation among traders in the past. There have been reports of fake positive reviews posted over the net. 


ECN Prime Forex Broker is closed

Note: ECN Prime Forex Broker's website is unreachable. The broker is out of business.

ECN Prime is an introducing broker for Tradeview Ltd., established in 2016. The broker, unlike Tradeview, is not regulated, is located in St. Vincent and the Grenadines and doesn’t have a phone number listed in its contact details.

eightcap screenshot

Established back in 2009, Eightcap is an Australian regulated forex broker with ECN and STP trading enviroment. Minimum deposit of $100, spreads fixed or variable, 42 currency pairs to choose from.

Elxi Markets ReviewElxi Markets is regulated UK broker with minimum deposit requirement of $100, maximum leveraeg of 200:1, minimum trading size 0.01 lots. Islamic accounts are available. Payment methods - Wire transfer and Skrill.

Etoro Reviews

Top Rated Forex BrokereToro is innovative, one of a kind, social trading network suitable for both novices and skilled traders. Today eToro represents main social investment network with more than 6 million customers in more than 150 countries worldwide. The broker is regulated by Cysec, FCA, ASIC and CFTC. USA traders are allowed via eToro USA. Open trading account with eToro 

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Established in 1965, ETX Capital is is authorized and regulated by the Financial Services Authority FCA.  The broker offers competitive brokerage services with leverage up to 1:200, minimum deposit requirement of $100, Metatrader 4 platform and tight spreads.

EV Forex Review

EUForex has been established since 2007 and belongs to Electronic and Voice Foreign Exchange Ltd, regulated by FCA. Headquatered in London, the broker offers forex trading services with minimum deposit requirement of $500. There is only one deposit method - wire transfer. Trading platform - MetaTrader 4.

everfx reviews screenshotCyprus located, regulated broker, online since 2015. Minimum deposit requirement is $25, spreads start from about 1 pips on majors (keep under consideration that commissions are charged per traded lot). Leverage is up to 1:1000, lots of account types including swap free.

Exante ReviewExante is Malta based regulated forex broker, established in 2011. Forex trading services are provided with spreads as low as 0.1 pips, maximum leverage of 1:50 and minimum deposit requirement of $10. USA traders are not accepted.


FastBrokers provides forex trading services with wide features, low commissions, tight spreads and innovative trading technology. On the broker’s website FastBrokers reviews its software, available products and overall execution performance. The broker was established in 2004 and is located in California, USA. USA traders are accepted.

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FBS provides several trading account with STP/ECN market execution. Maximum leverage is up to 1:3000, minimum deposit is $5. Wide range of forex currency pairs. Regulated by IFSC Belize.


FCI Markets ReviewFCI Markets is regulated UK broker with minimum depsit of $250. ECN/DMA/STP with fixed spreads. Payment options include credit cards, wire, neteller, skrill.

forex broker out of business

Note: Broker's website is unreachable. FeelTrade is out of business.

FeelTrade has been established in 2008, however the broker is still unregulated today. The broker brings you complete set of trading tools and services to join forex market with wide range of currency pairs, commodities and stock indices.

Financika ReviewEstablished in 2014, Financika offers trading services in forex, indices, stocks, commodities and CFDs. Broker is not regulated and doesn't accept USA traders. Minimum deposit is $250 with 200:1 maximum leverage and 0.05 lots minimum trade size. There is no demo account and educational material is not free.

scam forex broker

2015: Finexo shuts down and moves all business to

2015:  Cysec has fined Safecap Investments Ltd €168,000

Located in Cyprus, Finexo was found in 2003 and offers its services to investors interested in forex trading market. The broker is owned by SafeCap Investments and is regulated by CySEC (Cyprus Securities and Exchange Commission). 

finprotrading screenshotEstablished in 2014, FinPro Trading is located in UK and brings you over 80+ currency pairs, ultra-fast execution, scalp friendly environment and competitive, low spread.

Forex Giant closedNote: Forex Giant  no longer operates and is marked as out of business.


scam forex broker reviewed

SCAM:  2016 Forex-Metal broker's website is down. The broker is out of business. 


forex belongs to Gain Capital Holdings, Inc. and has been established back in 2001. The broker offers investing services in the forex industry all over the world. Currently there are over 200,000 traders globally registered with the The broker is regulated by National Futures. The broker has earned its reputation through integrity, regulatory compliance and ease of use for beginners in financial markets.

forex broker shut down

Scam Alert: the broker has been closed. The website is still up as online brokers' review portal.

forexcorporate screenshot

Forex Corporate became an online forex broker in 2010 and is proud to provide complete trading experience to traders all over the world. With world-wide reputable MetaTrader 4 platform, the broker guarantees innovative and advanced trading features.