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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:

Recommended

XM Group

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Exness

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IronFX

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HFM

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Equiity

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Plus500

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IQ Option

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RoboForex

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EagleFX

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AvaTrade

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BlackWell Global

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Forex Chief

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Axi

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Global Prime

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FBS

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Nextmarkets

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Tickmill

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FXGT.com

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Scandinavian Capital Markets

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easyMarkets

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HYCM

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Z.Com Forex

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Tradeo

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JustMarkets

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Bacera

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Wisetrader

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Markets.com

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eToro

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TNFX

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Doo Prime

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TopTrader

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Eurotrader

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CedarFX

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INGOT

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OctaFX

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MXT Global

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IFC Markets

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Fortrade

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LQDFX

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XtreamForex

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Mitrade

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Trust Capital TC

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MRG Forex

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Bexplus

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alb.com

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Blue Suisse

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Zero Markets

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VT Markets

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Tigerwit

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Enclave

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Fusion Markets

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7bForex

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Trade Horizon

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Daxbase

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OspreyFX

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FxPro

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Capital One Forex

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City Index

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XTB

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FreshForex

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Trade360

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UFXMarkets

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TurboForex

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Atiora has closed!

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FX Giants Scam Confirmed!

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Stocksforex

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FXGlobe

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MTI Markets

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NoaFX

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Rally trade

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TMS Oanda

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UMarkets

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Vix500

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ZX Markets

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AG Markets

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CIBFX

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MyDigiTrade

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EverFX

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AssetsFX

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FXCL

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InterTrader

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10Markets

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AZAFX

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Billion Capitals

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BlitzBrokers

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FXB Trading Broker

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S2Trade

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JAFX

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ECN Capital

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Portex Markets

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CryptoPoint

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FTO Capital

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X90

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Royal Capital Pro

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TradeBerry

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Coinbull.io

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Alvexo

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Fort Financial Services

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Wilkins Finance Forex

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MXC

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Finq.com

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Trade capital

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Capital.com

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JP Markets

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PrimeXBT

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IFS Markets

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Nigma Finance

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FXVC

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Investous

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TemplerFX

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TraderUR

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8MAX

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TMGM

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CP Markets

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MGC Logic

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Coinfinex

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BomanFX

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iForex

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United Markets Capital

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AM Broker

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GrandeFX

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70Trades

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Pwrmarkets

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FCF Markets

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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.

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