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Forex broker reviews – Find a reliable broker with Top Forex Brokers

Forex broker reviews – Find a reliable broker with Top Forex Brokers

Finding the right broker for your Forex trading needs and requirements can be a difficult challenge, regardless of your prior experience in the market. The trading market offers a wide variety of options, among which, unfortunately, you’ll come across some scam brokers as well.

Our team at Top Forex Brokers is determined to help you out in the selection process. Below, you’ll find hundreds of broker reviews conducted by our expert reviewers. These brokers are tested in every possible way, whether it’s their regulations, security features, trading terms and conditions, or software characteristics.

Here are the brokers that went through our vigorous testing and either came out victorious or failed badly:

Our rating

5

User rating

ITRADER

Our rating

5

User rating

5

Capital.com

Our rating

5

User rating

5

EagleFX

Our rating

5

User rating

5

AvaTrade

Our rating

5

User rating

5

Clicktrades

Our rating

5

User rating

5

TradeMarkets

Our rating

5

User rating

Plus500

Our rating

5

User rating

5

Trade.com

Our rating

5

User rating

5

Recommended

XM Group

Our rating

5

User rating

5

IQ Option

Our rating

5

User rating

5

Sun CFD

Our rating

5

User rating

2

ABInvesting

Our rating

5

User rating

5

HotForex

Our rating

5

User rating

5

Alpari

Our rating

5

User rating

5

Capixal

Our rating

5

User rating

5

Exness

Our rating

5

User rating

5

ROInvesting

Our rating

5

User rating

5

RoboForex

Our rating

4.99

User rating

5

BlackBull Markets

Our rating

4.77

User rating

PrimeFin

Our rating

4

User rating

4

Capital Markets Forex

Our rating

4

User rating

4

OspreyFX

Our rating

4

User rating

4

Our rating

4

User rating

3

Brokereo

Our rating

4

User rating

4

Global TradeATF

Our rating

4

User rating

4

IMGFX

Our rating

4

User rating

6

Axiory

Our rating

4

User rating

4

MaxWise

Our rating

4

User rating

4

Trading.com

Our rating

4

User rating

4

Capex

Our rating

4

User rating

4

Tickmill

Our rating

4

User rating

Pepperstone

Our rating

3

User rating

3

EuroStandarte

Our rating

3

User rating

3

SotFX

Our rating

3

User rating

3

Wisetrader

Our rating

3

User rating

3

ETFinance

Our rating

3

User rating

3

1Market

Our rating

3

User rating

3

Tradeo

Our rating

3

User rating

3

OctaFX

Our rating

2.88

User rating

3

Olive Markets

Our rating

2.5

User rating

MFM Securities

Our rating

2.0

User rating

2

VideForex

Our rating

2.0

User rating

Z.Com Trade

Our rating

2

User rating

2

Mitrade

Our rating

2

User rating

2

Our rating

2

User rating

2

Our rating

2

User rating

2

Our rating

2

User rating

2

Bexplus

Our rating

2

User rating

2

Blue Suisse

Our rating

2

User rating

2

Trust Capital TC

Our rating

2

User rating

2

FBS

Our rating

2

User rating

2

Fusion Markets

Our rating

2

User rating

2

MXT Global

Our rating

2

User rating

2

Eurotrader

Our rating

2

User rating

2

IEXS

Our rating

2

User rating

1

7bForex

Our rating

2

User rating

2

Lot-Forex

Our rating

2

User rating

2

Our rating

2

User rating

2

lirunex

Our rating

2

User rating

2

Our rating

2

User rating

2

Arum Trade

Our rating

2

User rating

2

Trade Horizon

Our rating

2

User rating

2

easyMarkets

Our rating

2

User rating

2

Our rating

2

User rating

2

MRG Forex

Our rating

2

User rating

2

GifXprime

Our rating

1.2

User rating

1

IFC Markets

Our rating

1

User rating

1

ZX Markets

Our rating

1

User rating

1

CedarFX

Our rating

1

User rating

1

Finq.com

Our rating

1

User rating

1

TNFX

Our rating

1

User rating

1

MGC Logic

Our rating

1

User rating

1

FXB Trading Broker

Our rating

1

User rating

1

Doo Prime

Our rating

1

User rating

1

UFXMarkets

Our rating

1

User rating

1

S2Trade

Our rating

1

User rating

1

Investous

Our rating

1

User rating

1

PrimeXBT

Our rating

1

User rating

1

TradeBerry

Our rating

1

User rating

1

Our rating

1

User rating

1

Coinbull.io

Our rating

1

User rating

1

ForexChief

Our rating

1

User rating

1

CFD World

Our rating

1

User rating

1

alb.com

Our rating

1

User rating

1

United Markets Capital

Our rating

1

User rating

1

TemplerFX

Our rating

1

User rating

1

JAFX

Our rating

1

User rating

1

Alvexo

Our rating

1

User rating

1

ECN Capital

Our rating

1

User rating

1

Fort Financial Services

Our rating

1

User rating

1

TraderUR

Our rating

1

User rating

1

Markets.com South Africa

Our rating

1

User rating

1

Pwrmarkets

Our rating

1

User rating

1

Portex Markets

Our rating

1

User rating

1

FxPro

Our rating

1

User rating

1

AG Markets

Our rating

1

User rating

1

MultiBank FX

Our rating

1

User rating

1

Fortrade

Our rating

1

User rating

1

AxiTrader

Our rating

1

User rating

1

Coinfinex

Our rating

1

User rating

1

10Markets

Our rating

1

User rating

1

BlackWell Global

Our rating

1

User rating

1

BomanFX

Our rating

1

User rating

1

AZAFX

Our rating

1

User rating

1

CIBFX

Our rating

1

User rating

1

8MAX

Our rating

1

User rating

1

Billion Capitals

Our rating

1

User rating

1

Fortissio

Our rating

1

User rating

1

BlitzBrokers

Our rating

1

User rating

1

IFS Markets

Our rating

1

User rating

1

MyDigiTrade

Our rating

1

User rating

1

Wilkins Finance Forex

Our rating

1

User rating

1

Nigma Finance

Our rating

1

User rating

1

TradeMax

Our rating

1

User rating

1

Our rating

1

User rating

1

XTB

Our rating

1

User rating

1

AM Broker

Our rating

1

User rating

1

FXVC

Our rating

1

User rating

1

XtreamForex

Our rating

1

User rating

1

IronFX

Our rating

1

User rating

1

CryptoPoint

Our rating

1

User rating

1

EverFX

Our rating

1

User rating

1

FTO Capital

Our rating

1

User rating

1

Capital One Forex

Our rating

1

User rating

1

CP Markets

Our rating

1

User rating

1

JP Markets

Our rating

1

User rating

1

GrandeFX

Our rating

1

User rating

1

AssetsFX

Our rating

1

User rating

1

Stocksforex

Our rating

1

User rating

1

X90

Our rating

1

User rating

1

City Index

Our rating

1

User rating

1

Justforex

Our rating

1

User rating

1

MTI Markets

Our rating

1

User rating

1

Bacera

Our rating

1

User rating

1

NoaFX

Our rating

1

User rating

1

Vestle

Our rating

1

User rating

1

70Trades

Our rating

1

User rating

1

Rally trade

Our rating

1

User rating

1

LQDFX

Our rating

1

User rating

1

TurboForex

Our rating

1

User rating

1

TMS Markets

Our rating

1

User rating

1

Atiora

Our rating

1

User rating

1

FXCL

Our rating

1

User rating

1

Trade360

Our rating

1

User rating

1

Globalprimeau.com.au

Our rating

1

User rating

1

FX Giants

Our rating

1

User rating

1

InterTrader

Our rating

1

User rating

1

FreshForex

Our rating

1

User rating

1

Royal Capital Pro

Our rating

1

User rating

1

UMarkets

Our rating

1

User rating

1

HYCM

Our rating

1

User rating

1

TradeToro

Our rating

1

User rating

1

Vix500

Our rating

1

User rating

1

FXGlobe

Our rating

1

User rating

1

Our rating

User rating

Our rating

User rating

Our rating

User rating

Our rating

User rating

What are the main broker features you should be looking for?

So, as you can see in our vast list of Forex brokers, we go deep into each of the brokers’ platforms and assess them critically. But what are the main features we’re looking for?

Safety and security

First things first, we’re interested in how a broker can protect your safety in the market. Regardless of how fancy or lucrative its trading features look, a broker must offer much-needed safety when trading Forex.

Regulation is a tried and tested way of asserting that. Generally, there are two types of regulators in Forex: Top-tier and Low-tier. Some of the most popular Top-tier Forex regulators are:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Conduct Authority (FCA) from the UK
  • Australian Securities and Investments Commission (ASIC)

If you find a broker that features a financial license from these regulators, you can be more or less sure that they’re the real deal and there’s no scam going on. These regulators uphold strict financial rules, whether it’s regarding the leverage cap or bonus restrictions, which ultimately provide safe trading conditions in the market.

As for Low-tier regulators, here are some of them:

  • St. Vincent and Grenadines Financial Services Authority (SVGFSA)
  • International Financial Services Commission (IFSC) of Belize
  • Financial Services Authority (FSA) of Seychelles

As you can see, these regulators come from developing third-world countries, which cannot boast much about their political or economic prowess. Therefore, they cannot effectively monitor and dictate their subjects’ actions.

Trading terms and conditions

Besides safety, we also assess the trading features of our testing subjects. These include execution policies, leverage rates, commission levels, and much more.

When it comes to the execution policy, we prefer brokers that feature lightning-fast execution speeds, as well as live market prices without any requotes on their part. This ensures that you can open trades at the exact same/very similar prices that you originally acted upon.

As for leverage, a trustworthy broker should offer a decent amount of multiplication rate, although it shouldn’t go overboard as high leverage rates tend to be dangerous for traders’ funds. Usually, 1:200 leverage is a sweet spot for any broker, although the EU or US-regulated brokers have the maximum cap set to 1:30.

The same applies to commission rates. While it’s preferable for a broker to charge low commissions, there should still be a reasonable rate of fees on the platform. That’s because the brokers that claim to have very low or no commissions at all usually get funds via fraudulent means. Therefore, it’s far better to know exactly what you’re paying for and be safe with your choice.

Find the right broker with us

On the list you saw above, we feature brokers from all across the board. At the very top of it, there are some of the most prestigious and well-regarded brokerage firms. They leave pretty much no room for any scam suspicions.

Immediately below them, we place brokers that are more trustworthy or not, although some of their clients have voiced their dissatisfaction about certain features. As for the lowest-rated brokers, they are more likely scammers that have no/Low-tier regulation and feature suspiciously flashy conditions.

All in all, it’s up to you to find the most suitable broker for your Forex trading endeavors.

Important news

iFOREX:

Top Forex Brokers Staff

June 26, 2022

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