Forex Brokers Review
When viewing the Forex Broker to cooperate with, it is the paramount feature to choose from the hundreds of offerings the most reliable one, as it will determine the whole trading experience. While doing research and compare the vast number of companies there are many aspects in Forex Brokers offering to take into consideration, which is truly not an easy choice, as well as time-consuming.
To simplify the research process, the Forex Brokers Reviews bringing the professional selection between the Regulated Brokers that are precisely recommended as the most trusted and safe.
Security of funds is always first in Forex trading, for that reason, it is recalled to open an account only with Regulated Brokers and avoid unlicensed entities at any cost. Thereby, an assortment of efficient brokers through our updated on a weekly basis in-depth Forex Broker list brings you a detailed analysis, with trading fees, account features, platform breakdowns while sorted by regulation, country and conditions. Furthermore, each Forex Broker Review comprised with user’s feedback, so that an informed decision is possible.
| Name | Country | Regulation | Action |
|---|---|---|---|
| InstaForex | Russia | CRFIN | Review |
| EGM Securities | Kenya | CMA | Review |
| World Markets | United States | None | Review |
| AmegaFx | Marshall | None | Review |
| FP Markets | Australlia | CySEC, ASIC | Review |
| TDFX | St. Vincent and the Grenadines | None | Review |
| GCI Financial | Belize | IFSC | Review |
| Sucden Financial | United Kingdom | FCA | Review |
| Oanda | United States | CTFA, NFA | Review |
| FXCM | United States | CTFA, NFA | Review |
| City Index | United Kingdom | FSA | Review |
| Interactive Brokers | United States | SEC, NASD, NYSE, SFA | Review |
| Corsa Capital | Russia | RAFFM | Review |
| SuperForex | Belize | IFSC | Review |
| FXDD | USA | None | Review |
| iForex | British Virgin Islands | None | Review |
| FXChoice | Belize | IFSC | Review |
| ICM Brokers | USA | FSC | Review |
| AGEA | Montenegro | None | Review |
| Alpari | Mauritius | FSC | Review |
| IG Markets | United Kingdom | FSA | Review |
| HMS Markets | Luxembourg | Registered in Luxembourg | Review |
| easyMarkets | Cyprus | CySEC | Review |
| Saxo Bank | Denmark | ASIA, FCA, FSA, SFC | Review |
| BForex | Cyprus | ASIA, CySEC, CNVM | Review |
| Libertex | Russia | CRFIN | Review |
| IronFX | United Kingdom | FCA, ASIC, CySEC, UCRFIN | Review |
| XTrade | Cyprus/Canada | FCA, ASIC, AFM, FSA | Review |
| Exness | Cyprus, St Vincent and the Grenadines | CySEC, IFSA | Review |
| Admiral Markets | United Kingdom | EFSA, FCA, MiFID, CySEC | Review |
| Darico | Gibraltar | None | Review |
| Markets.com | Cyprus | CySEC | Review |
| Dukascopy | Switzerland | FINMA | Review |
| Fibo Group | Russia | None | Review |
| AMarkets | Russia | КROUFR | Review |
| FXCC | Cyprus | CySEC, FSA, MiFID, I.C.F | Review |
| FxPro | Cyprus | CySEC, FSA, ASIC | Review |
| AccentForex | Seychelles | None | Review |
| SimpleFx | Saint Vincent and the Grenadines | None | Review |
| IC Markets | None | ASIC | Review |
| JustForex | Beliz | IFSC | Review |
| LiteForex | Marshall Islands | Marshall Islands Business Corporation | Review |
| MxiMarkets | UK/Russia | None | Review |
| AxiTrader | Australia | ASIC | Review |
| FxGlory | Georgia/United Arab Emirates | National Bank of Georgia | Review |
| FX-EDGE | USA | FSCL, FSP | Review |
| Capex | Cyprus | CySEC, FSC | Review |
| Stratton Markets | Cyprus | CySEC | Review |
| EagleFX | The Commonwealth of Dominica | None | Review |
| FXArena | Beliz | IFSC | Review |
| FortFs | Ressia | IFSC | Review |
| ThinkMarkets | London and Melbourne | ASIC, FCA | Review |
| Tradeo | Cyprus | CySEC | Review |
| TurboForex | New Zealand | None | Review |
| FXTM | Cyprus | IFSC | Review |
| Hantec Markets | UK | FCA, ASIC, AFSA | Review |
| PaxForex | Saint Vincent and the Grenadines | KROUFR, CFFIN | Review |
| Profit Group | Panama | CRFIN | Review |
| Pepperstone | Australia | ASIC | Review |
| Orbex | Cyprus | CySEC, MiFID, FCA, BaFIN | Review |
| OctaFx | Saint Vincent and the Grenadines | IFSC | Review |
| Binomo | Cyprus | FMRRC | Review |
| MB Trading | USA | FINRA, NFA, SIPC | Review |
| Larson and Holz | Saint Vincent and the Grenadines | CRFIN, KROUFR | Review |
| FBS Markets | Belize | IFSC | Review |
| Tickmill | Seychelles | FSA | Review |
| TenkoFX | Belize | IFSC | Review |
| UFX | USA | MiFID | Review |
| Forex Private | Ukraine | None | Review |
| Olymp Trade | Cyprus | FMRRC | Review |
| Miki Forex | Israel | Ministry of Finance (Israel) | Review |
| Key To Markets | None | FCA, FSCL, FSP | Review |
| BCS Forex | Saint Vincent | None | Review |
| BMFN | Vanuatu, Australia | VFSC, ASIC, FSC | Review |
| WorldForex | Vanuatu | VFSC | Review |
| Royal Financial Trading | Australia | ASIC | Review |
| AAAFx | Greece | HCMC | Review |
| EXT Ltd | Cyprus | CySEC | Review |
| NPBFX | Belize | IFSC | Review |
| VTB Forex | Russia | FCMS of Russia | Review |
| xDirect | Vanuatu | VFSC | Review |
| Equiti Capital | United Linkdom | FCA, FSP | Review |
| Gainsy | None | None | Review |
| Gerchik | Belize | IFSC | Review |
| FidelisCM | Cyprus | CySEC, FCA, MiFID, FSA | Review |
| XM | Belize | FCA, ASIC, IFSC, CySEC | Review |
| FX Net | Cyprus | CySEC | Review |
| Kalita Finance | Russia | FFMS | Review |
| Renesource Capital | Latvia | FCMC | Review |
| Windsor Brokers | Cyprus | CySEC | Review |
| Cobra Trading | USA | FINRA, NFA, SIPC | Review |
| 24option | Cyprus | CySEC, MiFID | Review |
| Delta Stock | Bulgaria | MiFID, ESMA, FSC, SICF, EMIR | Review |
| ATC Brokers | United States | CFTC, NFA | Review |
| CMC Markets | United Kingdom | FCA, NFA, ASIC, BaFin, OSC | Review |
| Tallinex | Estonia | St Vincent and the Grenadines | Review |
| AB Forex | Russia | FMRRC, FSA | Review |
| Bolmax Management | Seychelles | None | Review |
| Trade12 | Marshall Islands | None | Review |
| Leverate | Cyprus | CySEC | Review |
| RBC Forex | Seychelles | None | Review |
| Corner Trader | Switzerland | FINMA | Review |
| Exante | Malta | MFSA, CySEC | Review |
| Wedbush Futures | United States | NFA, NYSE, FINRA, SIPC | Review |
| ForexMart | Cyprus | CySEC | Review |
| CloseOption | Georgia | None | Review |
| NAGA Markets | St. Vincent and the Grenadines | CySEC | Review |
| Ayrex | St. Kitts and Nevis | CySEC | Review |
| ATFX | United Kingdom | FCA, FSA. CySEC | Review |
| WelTrade | Belize | IFSC | Review |
| IMMFX | Saint Vincent & the Grenadines | VFSC, SVGFSA | Review |
| Forex4you | British Virgin Islands | FSC | Review |
| AVATrade | Ireland | ASIC, FSA, FSCA | Review |
| RoboForex | Belize | IFSC, CySEC | Review |
| HotForex | St. Vincent & the Grenadines | CySEC, FCA, FSC, FSA, IFSC | Review |
| Oinvest | Seychelles | FSCA | Review |
| NBH Markets | St. Vincent & the Grenadines | SVGFSA | Review |
| GMO Trading | Cyprus | CySEC, MiFID | Review |
| FXGM | Cyprus | CySEC, FSCA | Review |
| Merit Forex | Republic of Vanuatu | VFSC | Review |
| MultiBank Group | Hong Kong | ASIC, BaFin, BVI, FMA, FSC | Review |
| Grand Capital | Saint Petersburg, Russia | CRFIN, KROUFR | Review |
| Pacific Financial Derivatives | New Zealand | FMA | Review |
| Bexplus | Saint Vincent | Registered | Review |
| Largus Brokers | Saint Vincent and the Grenadines | Registered | Review |
| XBTFX LLC | Saint Vincent and the Grenadines | FSA (St. Vincent & the Grenadines), 155 | Review |
| Traderia | United Kingdom | Owned and operated by Pro Star | Review |
| UMO Markets | Saint Vincent and the Grenadines | St. Vincent & the Grenadines reg number 25600 BC 2019 | Review |
| AAATrade | Cyprus | CySEC | Review |
| ETFinance | Cyprus | CySEC | Review |
| Eightcap | Australia | ASIC, VFSC | Review |
| TradeApp | Cyprus | CySEC | Review |
| Charterprime | New Zealand | ASIC, FSP | Review |
| FxPrimus | Cyprus | CySEC, FSCA, VFSC | Review |
| The Liquidity | St. Vincent & the Grenadines | St. Vincent & the Grenadines reg number 24896 IBC | Review |
| GULF Brokers | Dubai | ESCA | Review |
| ICE-FX | Malaysia | Labuan IBFC MB/15/0007 U0064 | Review |
| Alvexo | Cyprus | CySEC | Review |
| ADS Securities | United Arab Emirates | FCA, SFC, Central Bank of UAE | Review |
| ActiveTrades | United Kingdom | FCA, SCB | Review |
| LegacyFX | Cyprus | VFSC | Review |
| ITRADER | Cyprus | CySEC | Review |
| Trading.com | England & Wales | FCA | Review |
| Q8Trade | Kuwait | JSC Reg. National Number 200173579 | Review |
| TigrWit | United Kingdom | FCA, SCB | Review |
| ARUM Capital | Cyprus | CySEC, MiFID | Review |
| BSwiss | Cyprus | CySEC, NFA, FSC, HRB | Review |
| Umarkets | Saint Vincent and the Grenadines | CySEC | Review |
| Olympus Markets | Vanuatu | VFSC | Review |
| AETOS Capital | Australia | AFSL, AFSC | Review |
| ClickTrades | Cyprus | FSA | Review |
| EuropeFX | Cyprus | CySEC #258/14, AFSC, AFM, ASIC | Review |
| Capston | Cyprus | CIMA | Review |
| ECNSwiss | Germany | CySEC | Review |
| Capital Level | Mauritius | Mauritius Financial Services | Review |
| Finq.com | Seychelles | FSA | Review |
| Just2Trade | Cyprus | CySEC | Review |
| ForexCT | Australia | ASIC | Review |
| FunManagers | London | NFA | Review |
| CoinField | Estonia | FIU | Review |
| CryptoRocket | St. Vincent and the Grenadines | None | Review |
| IQ Option | St. Vincent and the Grenadines | Registration No. 24840 IBC 2018 | Review |
| HighLow Markets | Australia | ASIC 364264 | Review |
| TeleTrade | Cyprus | CySEC #158/11, MiFID | Review |
| Fusion Markets | Australia | ASIC | Review |
| TD Ameritrade | USA | ASIC | Review |
| FXTrading | Australia | ASIC | Review |
FAQ
What Is the Forex Market
The foreign exchange market is where currencies are traded. Currencies are important because enable purchase of goods and services locally and across borders. International currencies need to be exchanged in order to conduct foreign trade and business.
How do I get started with Forex Trading
The first step to forex trading is to educate yourself regarding the market’s operations and terminology. Next you need to develop a trading strategy based on your finances and risk tolerance. Finally, you should open a brokerage account. For more details, see section above.
Why is Forex Traded
Companies and traders use forex for two main reasons: speculation and hedging. The former is used by traders to make money off the rise and fall of currency prices while the latter is used to lock in prices for manufacturing and sales in overseas markets.