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.


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. 

DFmarkets Review

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.

Dukascopy ReviewLaunched 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.

EasyMarket Forex ReviewsEasy Markets is re-branded online FX broker from Easy-forex, 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 internet to improve it's overall trust. We advise maximum caution when choosing this broker.

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 

etxcapital review

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 reviewsCyprus 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 review

Note: the broker has been acquired by Halifax America

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.

FBS ReviewFBS 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

Broker's website is unreachable. FeelTrade is no longer operates in the online trading industry.

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.

Finexo Review

2017: Finexo website is back online again. Advisable to proceed with caution. The broker isn't transparent about its current owners and overall trading conditions. Currently makes huge efforts in Czech and Slovak Republics to earn new customers through marketing techniques.

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 ReviewEstablished 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

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

2015 U.S. Commodity Futures Trading Commission’s (CFTC) marks Forex-Metal broker has fraud. Review 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

2017 The broker's website is inaccessible.

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.

forexer reviewLocated in New Zealand, FOREXer is revolutionary forex broker founded by market professionals with high industry standards, safe and easy ways to conduct forex trading and convenient conditions. The broker operates as no dealing desk execution, hence there is no conflict of interest between the broker itself and the trader.

ForexMart Broker ReviewForexMart is Cyprus based forex broker, established in 2014. The broker is regulated and offers trading services with over 100 currency pairs via Metatrader 4 platform. Minimum deposit is just $1, there is No Deposit bonus offer for newbies, unlimited demo account, lots of payment methods including skrill, paypal, neteller. Leverage is up to 1,000 and spreads are tight starting from 0.0 pips plus commissions on standard lot traded. Visit Forexmarket broker website

forex broker is scam

Forexmeta broker's website is down and the broker no longer offers trading services.

Established in early 2007, ForexMeta strives to provide its clients with the professional trading services. The broker is "dealing desk" and located in United States, however US residents are not accepted. ForexMeta works under FXDD Malta LTD company.

forexyard review2017 - Broker's website doesn't provide transparent information about trading conditions of the broker such as average spreads, minimum trade size, risk management tools and so on.  The broker claims that " is licensed and regulated by the FSA Seychelles" (taken from the website), while the only regulation related to Forexyard that we were able to find is CySEC, related to the Leadcapital Markets Ltd. - the company under which the broker is currently operating.

2015 - Cysec has fined Safecap Investments Ltd €168,000.

2011 - Forexyard is bought out by SafeCap Investments and existing traders were transfered to broker.

Formax Prime Capital Review

Formax Prime Capital is UK broker, established in 2014. FCA regulated, minimum deposit requirement is very high - $1,000, floating spreads starting from 0.8 on majors, MetaTrader 4 platform with desktop and mobile versions.

Fort Financial Service ReviewLocated in Belize, Fort Financial Services was established back in 2010 by the team of experienced traders in financial services, brokerage and innovative technology. The broker focuses on quality services with wide range of trading approach and features. The broker is regulated by International Financial Services Commission of Belize since early 2013.

fortrade reviewEstablished in 2011, UK-based broker Fortrade offers currency trading services for over 51 currency pairs. Regulated by FCA, free Demo account. Minimum deposit requirement is $500, maximum leverage up to 200:1, payment options include our favorite Skrill and Neteller. 

Freshforex Broker ReviewsFreshforex is regulated forex broker, founded in 2004 and located in St. Vincent and the Grenadines. Minimum deposit is just $1 and ECN spreads start from 0 pips. Various payment methods are available including neteller and skrill. Open trading account

FXBM ReviewStandard and ECN accounts, starting from $50 minimum deposit, leverage 1:500, lots of payment options including Skrill and Neteller. Deposits and withdrawals have 2% fee. The broker is not regulated.

forex broker out of businessThis forex broker has discontinued it's brokerage services. Broker's website is offline.



fxchoice broker reviewFX Choice is belize based forex broker with ECN trading environment, tight spreads, EFSC regulation and 28 tradable currency pairs. Minimum deposit is $100, many payment methods including Skrill, Neteller, bitcoin and others.

fxcm review

FXCM is one of the fastest growing and most reputable brokers today. The broker is located in New York with representative offices all around the globe including U.K., Japan, Hong Kong, France, Italy, and Australia. FXCM is highly regulated and licensed by most acknowledged regulatory bodies. There is mini account which requires only $50 initial deposit. Other range of account types suitable for all types of traders is available at your fingertips.

forex broker disabledFXD24 website is disabled. This forex broker is out of business.

fxddEstablished in 2002, FXDD belongs to FXDirectDealer LLC and offers you the dealing-desk brokerage services and ECN for forex, gold, silver and oil trading. Minimum deposit $1, trading platforms include Metatrader 4, mirror trader, currenex, jforex. 

fxgiants reviewUK based regulated broker with $500 minimum deposit requirement. A re-brand from IronFX, online since 2015. MetaTrader 4 platform, lots of payment options including neteller, paypal, skrill and others. STP ECN accounts available, Islamic accounts, spreads start from 2.2 on majors. 

FXglobe Forex Broker ReviewEstablished in 2008, FXGlobe offers regulated and licensed trading services. Payment method include credit cards, neteller, skrill and wire, minimum deposit is $250, 53 currency pairs with variable spreads.

fxglory review

Here is a broker with the highest leverage you have ever seen 1:3,000. FxGlory offers forex trading services with scalping, hedging and expert advisors allowed. The notoriously excepted Metatrader 4 is available in desktop and mobile versions. Payments are conveniently processed with credit cards or Paypal. Islamic (swap-free) accounts are available for traders with specific religious belives.

fxgrow ReviewFxGrow offers innovative online brokerage trading services under the Growell Capital company, regulated by Cyprus Securities and Exchange Commission. Minimum deposit requirement is $100, Metatrader 4 platform is available, ECN broker with tight spreads. 

FXLider ReviewIntroducing broker for Fortrade Ltd. Minimum deposit requirement is $100, leverage up to 1:200, spreads are not tight, ECN execution is not confirmed, most likely the broker is market maker. Demo account comes with $100,000 virtual money for practice. Payment methods include skrill and neteller. 

Fxonus ReviewFXonUS is an offshore, unregulated forex broker, established in 2016 and located in Marshall Islands. The broker offers trading services and promises low spreads, however the major currency pairs spreads are quite high once you start trading. Minimum deposit is also rather high - $500.

fxopen reviewFXOpen started as educational center in Cairo for technical analysis of stocks and currency exchange and evolved into forex broker back in 2005. The broker was one of the first to offer retail traders with access to ECN market with MetaTrader 4 platform. Today you can explore fair and secure environment with Micro, Standard and PAMM account types for both beginners and experienced investors, including Islamic traders with Sharia compliant swap-free accounts.

fxoro reviewCyprus regulated forex broker, online since 2012, with 60 currency pairs and negative balance protection. Metatrader 4 platform with minimum deposit requirement of $200. Payment include wire, credit cards, Skrill, Neteller and others.

fxprimus review

Located in Cyprus and regulated by Cysec, FX Primus opened its doors to traders back in 1999. All trading styles are welcomed, minimum deposit is $100, leverage up to 1:500. Payment options include Neteller and Skrill among others.