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.
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!
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.
Whether 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.
CMTrading 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.
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.
2018 - Broker's website seems to be down and out of business.
Currency 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 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 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.
Reviewed Broker: Degiro
Location: DEGIRO BV, Rembrandt Tower - 9th floor, 1096 HA Amsterdam , The Netherlands. DEGIRO has expanded across 18 European countries.
Established in 2013
Regulation: DEGIRO B.V. is under supervision by Netherlands Authority for the Financial Markets (AFM) and prudential supervision by the Dutch Central Bank (DNB). DEGIRO has been granted a license pursuant to article 2:96 of the Act on Financial Supervision in the Netherlands, to act as an investment firm. DEGIRO has its registered office and statutory seat in Amsterdam in accordance with its articles of association. DEGIRO is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.
Awards: AN AWARD WINNING BROKER WITH MORE THAN 30 INTERNATIONAL NOMINATIONS including Best Online Broker by German Fairness Award 2017, Best Stock Broker by Rankia Spain 2017, Cheapest Broker in France by Investir 2017, Best Mobile Share Dealing by Financial Time & Investors Chronicle UK 2017
USA traders: US clients are not accepted if they are considered a person under IRS guidelines.
Over 300,000 other investors across 18 countries are currently involved in trading with Degiro broker. Access global exchanges anytime, anywhere, and on any device with the right tools and the possibilities. You're in charge of your financial future. You can register an account online in less than 10 minutes. There's no minimum deposit needed to register and a simple registration process.
Minimum deposit requirement: $1
Funding methods: Bank transfer and SOFORT (instant deposit service provider)
Within the DEGIRO trading platform, you have selection of various account types you can choose from such as:
The account registration takes minutes. Taken under consideration that all the necessary documents have been provided, you will be able to start trading right away. The account opening process is all online and you can submit all the docs by uploading them to your profile.
For the initial registration you need:
DEGIRO is committed to providing clients a secure environment to trade. Data protection and safekeeping of clients assets are our priority.
At DEGIRO, innovation is the standard. Our investment platform is at the forefront of the industry but we are not content to stop improving. We are continuously expanding our services.
No longer are investors limited to only their home market. With DEGIRO you can access exchanges worldwide for truly global investing.
At DEGIRO, we believe in transparency. Our fees can be found within the fee schedule, allowing the possibility to calculate the cost upfront before performing your trade.
From the trading platform, you can access your portfolio, streaming quotes, market news, and extensive order capabilities. Available on web and mobile, the platform is easy to use and comprehensive. DEGIRO does not provide a desktop platform.
Mobile trading: The new mobile application has received very positive feedback, allowing investors to trade quickly and easily where ever they are.
Get a user-friendly trading platform to monitor your portfolio and trading options.
Fast trading: Respond immediately. Enter your order quickly and easily with the QuickOrder button. Found at the top of every page.
Real-time streaming prices: With DEGIRO you have access to streaming rates for the major European markets and US exchanges.
Bid / ask spread in order book: At DEGIRO you can view the depth of the order book on Euronext up to 5 levels.
Orders placed by amount: With DEGIRO, you submit your orders by number of stocks, as well as by the order value. This way you immediately know what amount you buy or sell without converting currency. Convenient, fast, and simple.
Both Web and Mobile platforms have all the most important features such as:
How are foreign currency transactions handled at DEGIRO?
When opening an account on the UK platform, for example, your account will denominated in GBP and linked to a GBP bank account. At DEGIRO foreign currency transactions can be handled in two ways; using the AutoFX trader or holding foreign funds manually.
Anyone from the following countries with bank account in your name can join DEGIRO:
Educational material is not provided by this broker.
Client support can be reached by phone or email. Online chat is yet to be offered.
This 2018 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on DEGIRO FX broker performance and features.
Overall our online DEGIRO review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online DEGIRO or you find inaccurate details DEGIRO broker review please get in touch with us and the changes will be applied.
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 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.
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.
Launched 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.
Easy 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 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.
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 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 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.
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.
2018 - EVForex is out of business
EVForex 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.
Cyprus 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 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.
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 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 is regulated UK broker with minimum depsit of $250. ECN/DMA/STP with fixed spreads. Payment options include credit cards, wire, neteller, skrill.
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.
Established 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.
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 Markets.com
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).
Established 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.
UK-based Forex Broker with minimum deposit of $100. FIXI PLC is regulated by FCA, provide various account types, floating spreads start from 0.8 pips on major currency pairs, fixed spreads start from 0 plus $7 commission. Islamic accounts are available. Withdrawal methods include credit cards and Skrill.
Note: Forex Giant no longer operates and is marked as out of business.
Forex.com 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 Forex.com. 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 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.
Based in St Vincent and the Grenadines, Forexee has been operating since 2004 but still didn't obtain any proper regulation you would expect a forex broker to have. Minimum deposit is comfortably low of just $50, various payment methods including Still, Neteller, Webmoney however there are deposit and withdrawal fees of up to $7.5 per transaction! The broker claims to provide ECN environment with Metatrader 4 platform.
Located 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 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
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.
2015 - Cysec has fined Safecap Investments Ltd €168,000.
2011 - Forexyard is bought out by SafeCap Investments and existing traders were transfered to markets.com broker.
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.
Located 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.
Established 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.
Reviewed broker: FPMarkets
Operated by: First Prudential Markets Pty Ltd
Established in 2005 - FP Markets is an established global CFD and Forex provider with over 12 years industry experience.
Regulation: As an Australian based financial services provider, FP Markets is strictly regulated by one of the leading regulatory body worldwide - Australian Investments & Securities Commission (ASIC).
USA Traders: not allowed
Currency Pairs: 45 currency pairs
Trading instruments: spot forex, equities, and CFDs
Account types: STP, ECN
Minimum deposit requirement: $200
Payment methods: credit cards (1.8% free is charged for domestic Australian credit cards and 3.18% for international credit cards), Union Pay ( 1.75% free is charged for deposits in RMD and USD), Neteller ( 4% transfer charge), Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer.
Withdrawals are processed within 2-3 working days after the approval. There is no withdrawal fee charged by FP Markets.
Maximum leverage: 1:500
Mini account: no
Spreads start from 0 pips
Commissions: commissions and spreads at FP Markets depend on the trading account you choose. The commissions on forex, the minimum commissions are zero pip (ECN Raw A/C) and 1pip (Standard A/C).
Demo account: yes (fueled with $10,000 USD of virtual money)
Segregated account for client funds: yes
Islamic swap-free accounts: yes
Social trading: yes
Trading platform: MetaTrader 4 (MT4) trading platform and innovative IRESS trading platform, Mobile trading
ECN environment: yes
Live feeds of trading activities: yes
Follow specific traders activity: allowed
Copy other traders: yes
Spread types: variable
Stop loss/ limit orders: yes
Automated trading: yes
Educational material: tutorials, webinars, online videos, blog, market analysis
Promotion and bonus: $75 Free Trading Credit. Open a new MT4 trading account with as little as $200 AUD and receive a free $75 Trading Credit.
Customer support: email, phone, online chat and social media support is at your service with FP Markets international team taking care of clients in the following languages aside English - Bahasa Melayu, French, Finish, Chinese, Norwegian, Russian, Thai, Italian, German, Portuguese, Spanish and Swedish.
Yes, FP Markets is a regulated broker under ASIC - you can find the operating company First Prudential Markets Pty Ltd on the ASIC site.
FP Markets is based in Australia, Sydney
You can make a deposit and request a withdrawal via credit cards, Skrill, Neteller, Unionpay, bank wire transfer and broker to broker transfer. Minimum deposit with the broker is $200.
FP Markets is considered reliable broker with good reputation among traders.
MetaTrader 4 trading platform is available with this forex broker.
This 2018 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FPMarkets FX broker performance and features.
Overall our online FPMarkets review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FPMarkets or you find inaccurate details FP Markets broker review please get in touch with us and the changes will be applied.
Freshforex 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.
Standard 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.
FX 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 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.
FXD24 website is disabled. This forex broker is out of business.
Established 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.
UK 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.
Established 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.