Best Forex Brokers and Their Reviews

Table of contents

Every day, more than $4 trillion is accounted in traded value in the world’s largest financial market, the foreign exchange market. It is currently growing without a central place for itself and with Forex brokers increasing number indeed. The wide brokers’ offer might be challenging for traders.

Choosing the best broker to direct a trading activity becomes a difficult task. Traders must examine consciously and carefully the Forex market among stunning magazines and mind-blowing web advertisements to find out the indicated Forex broker that can manage successfully the trading activity. Here, five must-dos are given as guidance on how to chose Forex broker question, to those who want to select the right Forex trader in this competitive environment.

Choosing Forex Broker

How to Choose Forex Broker: Governmental Subscriptions

In The United States, Forex trading activity is under the regulations of the National Futures Association (NFA). This is a self-regulatory and wide industry that rules, programs and develops services in order to assure the soundness of the market, traders, investors and, their right understanding of the binding responsibilities. Additionally to this industry, the US Commodity Futures Trading Association also works as an independent governmental agency that controls the prospective goods and options of the American market.

Therefore, a trustworthy Forex broker is registered in the aforementioned organizations as a Futures Commission Merchant and Retail Foreign Exchange Dealer. In fact, the certified broker will portray his/her affiliation and NFA member number online in the About Us section of every site.

Don’t let yourself to be dazzled by good-looking pages! Check brokers’ NFA membership or CFTC regulation before you choose Forex broker.

Choosing Forex Broker: Details Matters

Certain offers are given to brokers, such as:

Leverage and Margin. Leverage operates in benefit of winner traders due to their high-profit potential increased. It also offers a loan boosted according to the margin of holders account, so traders have access to several Leverage amounts depending on the broker, such as 50:1 or 200:1. That means that a trader with an account with $1,000 can hold a position valued in $50,000 only by using 50:1 leverage amount. But be cautious when using it! As it can be seen in the article Forex Leverage: a Doubled-Edge Sword and Adding Leverage to your Forex Trading, leverage might work in favor of traders, but it can ruin them according to their amplified losses potential at the same time.

Commissions and Spreads. Commissions and spreads represent a source of money for brokers. Commissions can be charged with a specific percentage of the spread (bind and price difference of a Forex pair). Many brokers exonerate commissions and profit with wider spreads. This last can be shown when a spread is fixed as a spread of three pips – the minimum unit of Forex change price -, or when a spread price varies depending on the market volatility.

For example, if a 1.3943-1.3946 EUR/USD quote has three pips spread and bought at 1.346, it will lose three pips of value in its position because it is not sold for the initial price, 1.3943 pips. Most common trading pairs – EUR/USD and GBP/USD – usually have narrow spreads than those with more scantly traded pairs. The wider the spread, the harder the profit. Take this into consideration when comparing FX brokers.

How to Choose FX Broker? Deposits and Withdrawals

One of the most attractive features to newbie traders and investors is the purchasing power: it is bigger than the minimum traders’ deposits. So, brokers can offer a variety of accounts depending on the initial deposits requirements, among them standard, mini and micro accounts. These can be funded with very low initial deposits, less than $50.

Forex Brokers have policies regarding account withdrawals and funding. Withdrawals can be done by checks or wire transfer; and, accounts might be funded online by credit card, via ACH payment or PayPal, wire transfer, and business, personal or bank check. Brokers can also charge optionally a fee for any service provided.

The right pair offer

Brokers can offer traders a broad selection of Forex pairs despite the great currency issues available for trading. Their offer should match with the pair(s) in which the trader or investor shows interest. However, a wide range is reduced to a few currencies as they get the whole attention of traders due to their enormous liquidity. The favorite ones are the Dollar/Japanese Yen (USD/JPY), the Euro/US dollar (EUR/USD), the US Dollar/Swiss Franc (USD/CHF), and the British Pound/USD Dollar (GBP/USD). Remember, if you choose a broker that does not offer your favorite pair, you will miss a great part of your profits.

Choosing FX Broker: Unstoppable Service

Brokers support should be available to the client as Forex trading is happening: 24 hours per day. Personal calling to brokers should be simple and easy. Therefore, traders can take a quick glimpse of the service provided, the waiting times, and the representative’s accuracy to be inquired about spreads, leverage, regulations and, especially, company details. Brokers can be also asked about the size of their’ traded volume -better prices and executions are given to those experienced brokers normally; and, the time practicing their job.

The Best Trading Platform

A trading platform is an investor’s portal to the market that must provoke enthusiasm and have linkage with traders. The easiness of the interface and software chosen must be taken into account as well as its amiable presentation and technical/ fundamentals analysis tools’ completeness. Also, the platform design is a must to care: In contrast with poorly designed interfaces, a well-arranged trading platform has well-placed buy and sell buttons, customization options, order entry types, automated trading options, strategy builders, backtesting, trading alerts and, a panic button to close all open positions – only some software include this option – in order to avoid costly mistakes like adding a position by accident instead of closing it or going short when the opposite is desired.

Most brokers offer a free demo account, so traders can explore the platform before opening and funding one.

Doing a bit of research before committing a broker it is beneficial and advisable. It can increase investors’ possibilities to succeed in this aggressive environment. As a final remark: relying on your forex broker will be advantageous since more time and attention can be dedicated to the analysis and the creation of strategies.

If you are interested to trade like a pro, Investopedia introduces a guide to teach you how to do it: Five patterns you need to know.

A full list of Broker reviews currently available

FXTM

FXTM Review – The many benefits of the broker

Minimum deposit

$50

Regulation

CySEC ,VFSC , FCA

Bonus

loyalty Program

Maximum leverage

1:2000

Year founded

2011

Trading platform

MT4 , MT5 , Mobile App

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

1:1000

Year founded

2009

Trading platform

MT4, MT5, WebTrader

Milton Prime

Reviewing Milton Prime – Can this broker be trusted?

Minimum deposit

$300

Regulation

FSA, CySEC

Bonus

Maximum leverage

1:1000

Year founded

Trading platform

MT4

AvaTrade

Review of AvaTrade – Broker with over 15 years of experience

Minimum deposit

$100

Regulation

CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA

Bonus

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, MT5, WebTrader, AvaTradeGO

SAXO Bank

SAXO Bank Forex Review

Minimum deposit

USD 5,000

Regulation

FINMA, FCA, ASIC, FSA, MAS, AFM

Bonus

N/A

Maximum leverage

1:30

Year founded

1992

Trading platform

SaxoTraderGo, SaxoTraderPro

HotForex

HotForex Review – Trade 1,000+ of Symbols with this Broker

Minimum deposit

$5

Regulation

SVGFSA, FCA, DFSA, FSCA, FSA

Bonus

From 30% to 100%

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4, MT5

CM Trading

CM Trading FX broker review – Is it legit?

Minimum deposit

$250

Regulation

FSCA

Bonus

Maximum leverage

1:200

Year founded

2012

Trading platform

MT4, WebTrader

ForexMart

ForexMart Review – High-class trading experience

Minimum deposit

15

Regulation

CySEC

Bonus

30%

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4, WebTrader

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

Trade.com

Is Trade.com a fraud or is it legit?

Minimum deposit

100

Regulation

CySec, FSCA

Bonus

N/A

Maximum leverage

Up to 1:300

Year founded

2013

Trading platform

MT4, MT4 Mobile, WebTrader

T1Markets

Review of T1Markets – How does this broker work?

Minimum deposit

$250

Regulation

CySEC

Bonus

Maximum leverage

1:500

Year founded

Trading platform

WebTrader

Dripcoin

Dripcoin Review – Is It An Adequate Dedicated Crypto Trading Brand?

Minimum deposit

1$

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2020

Trading platform

Custom

tixee

tixee Review – Everything you need to know

Minimum deposit

$250

Regulation

CySec, FSA, FSCA

Bonus

N/A

Maximum leverage

N/A

Year founded

2022

Trading platform

Custom

TradeEU.com

TradeEU Review

Minimum deposit

€250

Regulation

CySec

Bonus

N/A

Maximum leverage

1:30

Year founded

In 2021 acquired CySEC license

Trading platform

MetaTrader 5

Excotrader

Excotrader broker review

Minimum deposit

$50

Regulation

Saint Vincent and the Grenadines

Bonus

$25 for referrals, 100% deposit bonus

Maximum leverage

1:500

Year founded

2018

Trading platform

MT4, Exco Prime, Mobile apps

T4Trade

T4Trade review 2024 – What traders should really know about this broker

Minimum deposit

$250

Regulation

Seychelles

Bonus

N/A

Maximum leverage

1:500

Year founded

2020

Trading platform

MT4

FundedBull

FundedBull Review – Reliable prop firm with low fees

Minimum deposit

$49

Regulation

N/A

Bonus

20% off

Maximum leverage

1:50

Year founded

2024

Trading platform

DXTrade, MetaTrader 4, MetaTrader 5, cTrader, Match-Trader

Royal Bridge

An Overview Of Royal Bridge – A Cryptocurrency Broker

Minimum deposit

$200

Regulation

N/A

Bonus

N/A

Maximum leverage

1:30

Year founded

2022

Trading platform

Custom

IQ Option

An in-depth IQ Option Review of fees, opportunities and more

Minimum deposit

$10

Regulation

Risk Warning: YOUR CAPITAL MIGHT BE AT RISK

Bonus

N/A

Maximum leverage

1:1000

Year founded

2013

Trading platform

Proprietary

Exness

Exness Broker Review – Should You Trade With It?

Minimum deposit

10 USD

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

1:Unlimited

Year founded

2008

Trading platform

MT4, MT5, WebTerminal

OspreyFX

OspreyFX review – regulations, features and possibility of OspreyFX scam

Minimum deposit

$10

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4, custom

RoboForex

RoboForex review – Everything that this broker has to offer

Minimum deposit

$10

Regulation

IFSC

Bonus

Maximum leverage

1:2000

Year founded

2009

Trading platform

MT4, MT5, R WebTrader, R MobileTrader, R Trader

EagleFX

EagleFX review – Start trading with safe and secure broker

Minimum deposit

$10

Regulation

Bonus

Maximum leverage

1:500

Year founded

Trading platform

MT4

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

Capixal

Capixal Review – Offering traders peak performance

Minimum deposit

€250

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4, WebTrader, Mobile App

easyMarkets

Can You Trust easyMarkets? There Are Things You Need To Know

Minimum deposit

$25

Regulation

ASIC, CySEC, FSA, BVI

Bonus

50%

Maximum leverage

1:400

Year founded

2001

Trading platform

WebTrader, MT4, TradingView

Axiory

Axiory Review – Trade Currencies with 1:777 Leverage

Minimum deposit

$100

Regulation

IFSC

Bonus

N/A

Maximum leverage

1:777

Year founded

2012

Trading platform

MT4/cTrader

HYCM

Can you trust HYCM Forex broker? What you need to know?

Minimum deposit

100

Regulation

FCA, CySEC, DIFC, CIMA

Bonus

N/A

Maximum leverage

500:1

Year founded

1977

Trading platform

MT4, MT5

FPMarkets

Is FPMarkets reliable broker? Is it licensed to trade?

Minimum deposit

$100 AUD

Regulation

ASIC

Bonus

N/A

Maximum leverage

500:1

Year founded

2005

Trading platform

WebTrader, MT4, MT5, IRESS

Pepperstone

Pepperstone FX Broker – Everything You Need To Know About This Broker?

Minimum deposit

AUD$200

Regulation

ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA

Bonus

N/A

Maximum leverage

1:400

Year founded

2010

Trading platform

MT4, MT5, cTrader, TradingView

VivoTrader

There is a reason why you should rely on VivoTrader review

Minimum deposit

$500

Regulation

N/A

Bonus

N/A

Maximum leverage

1:5

Year founded

2018

Trading platform

Web

FXRoad

Review of FXRoad – Broker with Superior Islamic Accounts

Minimum deposit

250 EUR

Regulation

FSA (Seychelles)

Bonus

None

Maximum leverage

1:200

Year founded

2023

Trading platform

FXRoad web & mobile platforms

TraderUR

A comprehensive TraderUR review about the broker’s features and service

Minimum deposit

250 EUR

Regulation

N/A

Bonus

N/A

Maximum leverage

1:400

Year founded

2019

Trading platform

WebTrader

Capex

Capex review

Minimum deposit

$1000

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2015

Trading platform

MT5, WebTrader

FXSV

Our FXVC Opinions

Minimum deposit

500

Regulation

CySec

Bonus

N/A

Maximum leverage

N/A

Year founded

N/A

Trading platform

Browser Based

HFTrading

HFTrading Review – should you trust the broker?

Minimum deposit

250$

Regulation

ASIC, FMA

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

WebTrader/MT4

IMGFX

IMGFX Broker Review – Your Best Trading Experience

Minimum deposit

$50

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

ClickTrades

ClickTrades Review

Minimum deposit

$250

Regulation

FSA Seychelles

Bonus

Up to $5000

Maximum leverage

1:300

Year founded

2018

Trading platform

MT5, WebTrader

Brokereo

Brokereo Review – Should You Trust this Broker?

Minimum deposit

$250

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:500

Year founded

N/A

Trading platform

WebTrader/Mobile

FXOpen

FXOpen Review – The most experienced broker

Minimum deposit

1 USD

Regulation

ASIC, FCA

Bonus

10 USD

Maximum leverage

1:500

Year founded

2005

Trading platform

MT4, MT5, WebTrader

Oinvest

The Oinvest review with benefits described in detail

Minimum deposit

250

Regulation

FSCA

Bonus

N/A

Maximum leverage

1:400

Year founded

2018

Trading platform

MT4, Webtrader, Mobile

TIO Markets

TIO Market Review

Minimum deposit

$500

Regulation

N/A

Bonus

N/A

Maximum leverage

1:200

Year founded

2018

Trading platform

MT4

Scandinavian Capital Markets

Scandinavian Capital Markets review

Minimum deposit

250 USD

Regulation

Swedish FSA, Finansinspektionen

Bonus

N/A

Maximum leverage

200

Year founded

2012

Trading platform

cTrader, MetaTrader 4, MetaTrader 5

Tickmill

A comprehensive Tickmill review – Is this broker trustworthy?

Minimum deposit

$100

Regulation

FSA, FCA, CySEC

Bonus

$30 Welcome, more

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4/WebTrader

VIPTRADER

VIPTRADE review – what do they offer?

Minimum deposit

$250

Regulation

SVGFSA

Bonus

100% welcome bonus

Maximum leverage

1:500

Year founded

2016

Trading platform

MT5 , WebTrader

OctaFX

OctaFX Review

Minimum deposit

$50

Regulation

CySEC

Bonus

50%

Maximum leverage

1:500

Year founded

2011

Trading platform

cTrader, MT4, MT5

Swissquote

Swissquote Review

Minimum deposit

1000$

Regulation

FCA, CySEC

Bonus

N/A

Maximum leverage

500:1

Year founded

1999

Trading platform

MT4, MT5

24option

24option review

Minimum deposit

250$

Regulation

CySEC

Bonus

N/A

Maximum leverage

N/A

Year founded

2012

Trading platform

SpotOption

Ultima Markets

Ultima Markets Forex Review

Minimum deposit

50 USD

Regulation

FSC Mauritius

Bonus

20%, 50%

Maximum leverage

1:2000

Year founded

2016

Trading platform

MT4, Ultima Markets mobile app

GOFX

GOFX broker review – Can you trust them?

Minimum deposit

$1

Regulation

Seychelles, MWALI

Bonus

N/A

Maximum leverage

1:3000

Year founded

2021

Trading platform

MetaTrader 5

Mugan Markets

Mugan Markets review – Trader oriented broker

Minimum deposit

$50

Regulation

N/A

Bonus

Partnership

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

Markets.com

Markets.com review

Minimum deposit

100$

Regulation

CySEC, FSB

Bonus

N/A

Maximum leverage

300:1 T&C Apply

Year founded

2008

Trading platform

Indigo, MT5, Webtrader, MobileTrader IOS/Android

Trading 212

Trading 212 Review

Minimum deposit

100 GBP/EUR,150 USD

Regulation

FCA, FSC

Bonus

N/A

Maximum leverage

1:300

Year founded

2006

Trading platform

Trading 212

AxiTrader

AxiTrader Review

Minimum deposit

$0

Regulation

FCA, ASIC, DFSA

Bonus

20%

Maximum leverage

1:500

Year founded

2007

Trading platform

MT4

JPMarkets

JPMarkets Review

Minimum deposit

$1

Regulation

FSB

Bonus

100%

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4

Blueberry Markets

Blueberry Markets – What is wrong with this broker?

Minimum deposit

$100

Regulation

SCB, ASIC

Bonus

N/A

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4, MT5, WebTrader

MiTrade

Mitrade rating, features, and regulatory background in the detailed review

Minimum deposit

$1,000

Regulation

Mauritius Financial Services Commission

Bonus

$100, $400, $2,000 welcome bonuses based on deposit size

Maximum leverage

1:200

Year founded

2019

Trading platform

Mitrade

MogaFX

MogaFX review – Can this Forex broker be trusted?

Minimum deposit

$1000

Regulation

ASIC

Bonus

Maximum leverage

1:5000

Year founded

Trading platform

MT4, MT5

TrioMarkets

Why I stopped trading with TrioMarkets Forex broker

Minimum deposit

$500

Regulation

MiFID, CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2015

Trading platform

WebTrader 4

CFD.FM

CFD.FM Review

Minimum deposit

€250

Regulation

VFSC

Bonus

N/A

Maximum leverage

100:1

Year founded

2018

Trading platform

WebTrader, MT4

Z.Com Trade

Z.com Trade Review

Minimum deposit

5$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2005

Trading platform

MT4

24 Capital Markets

24 Capital Markets Review

Minimum deposit

250$

Regulation

CySEC

Bonus

N/A

Maximum leverage

200:1

Year founded

2018

Trading platform

MT4

Xecryptobank

Xecryptobank.com Review

Minimum deposit

250$

Regulation

FCA, CySEC

Bonus

N/A

Maximum leverage

200:1

Year founded

2017

Trading platform

Custom

CFD World

Learn the broker’s conditions through this CFD World review

Minimum deposit

$250

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2016

Trading platform

MT5

Blue Suisse

Blue Suisse review – Top reasons to avoid this broker

Minimum deposit

$500

Regulation

MFSA

Bonus

Maximum leverage

1:200

Year founded

Trading platform

MT4, MT5

ACY Securities

Can ACY Securities be trusted? This detailed review will let you know

Minimum deposit

100$

Regulation

ASIC

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4. MT5

Trading.com

Trading.com review

Minimum deposit

N/A

Regulation

FCA

Bonus

N/A

Maximum leverage

N/A

Year founded

2019

Trading platform

WebTrader

HWFX

All you need to know about the broker in this HWFX review

Minimum deposit

$200

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2017

Trading platform

MT4

IronFX

IronFX Review 2021

Minimum deposit

500$

Regulation

FCA, CySEC

Bonus

100%

Maximum leverage

500:1

Year founded

2010

Trading platform

Social Trader, MT5, MT4

FinMarket

FinMarket Review

Minimum deposit

$250

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2015

Trading platform

MT4, WebTrader, MobileTrader

FxReino

FxReino Review

Minimum deposit

$100

Regulation

ASIC

Bonus

$30

Maximum leverage

1:500

Year founded

2015

Trading platform

MT5

Maxrich Group LTD

MRG Broker Review

Minimum deposit

$10

Regulation

FMA

Bonus

N/A

Maximum leverage

1:500

Year founded

2007

Trading platform

MT4/Mobile

TradeFTM

TradeFTM Review – is the broker the real deal?

Minimum deposit

$200

Regulation

ASIC, IFSC, CySEC

Bonus

Max. 40%

Maximum leverage

1:500

Year founded

2007

Trading platform

MT5/Mobile

NSBroker

NSBroker review – can you trust this broker?

Minimum deposit

$300

Regulation

MFSA, MIFID, FCA, BaFin, AMF, CONSOB

Bonus

N/A

Maximum leverage

1:100

Year founded

N/A

Trading platform

MT5/Mobile

Moneta Markets broker review

Moneta Markets broker review

Minimum deposit

$200

Regulation

CIMA

Bonus

Yes

Maximum leverage

500:1

Year founded

2018

Trading platform

WebTrader

StockFX

StockFX Review – What should we make of the broker?

Minimum deposit

$250

Regulation

SVGFSA

Bonus

75% Deposit

Maximum leverage

1:500

Year founded

N/A

Trading platform

MT4

FxBay Live

FxBay Live Review – Should you trust this broker with your money?

Minimum deposit

$100

Regulation

SVGFSA

Bonus

100% Credit

Maximum leverage

1:500

Year founded

N/A

Trading platform

MT5

MYmarketuk

MYmarketuk Review – Is this a trustworthy western broker?

Minimum deposit

$500

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:500

Year founded

2005

Trading platform

WebTrader

Bitfreezy

Bitfreezy Review – Should you trade with it or avoid it at all costs?

Minimum deposit

10 USD

Regulation

SVGFSA

Bonus

25%/50%/100% Deposit

Maximum leverage

1:1000

Year founded

2019

Trading platform

MT5

Tradesmart

Tradesmart – Is This Broker Legit?

Minimum deposit

20$

Regulation

No

Bonus

100% Welcome Bonus

Maximum leverage

1:1000

Year founded

2021

Trading platform

MT 4, MT 5, PAMM

IQCent

IQCent Forex Review

Minimum deposit

50 USD

Regulation

None

Bonus

20%, 50%, 100%, 200%

Maximum leverage

1:1

Year founded

2023

Trading platform

Custom web trading platform

Jetvix

Jetvix Review

Minimum deposit

10 USD

Regulation

Not regulated

Bonus

100% Deposit bonus; Respawn

Maximum leverage

500:1

Year founded

2023

Trading platform

Jetvix web trading platform

Hankotrade Forex Review

Hankotrade Forex Review

Minimum deposit

10 USD

Regulation

Unregulated

Bonus

100% Deposit Bonus on the MT5 platform only

Maximum leverage

1:500

Year founded

Unknown

Trading platform

MT4, MT5

Noor Capital UK Forex Review

Noor Capital UK Forex Review

Minimum deposit

50 USD

Regulation

UAE Central Bank

Bonus

None

Maximum leverage

1:100

Year founded

2005

Trading platform

MetaTrader 5

WeTrade FX

WeTrade FX Forex Review

Minimum deposit

10 USD

Regulation

FSA SVG

Bonus

N/A

Maximum leverage

1:2000

Year founded

2022

Trading platform

MetaTrader 4

JRFX

JRFX Review 2024 — More red flags than trading assets!

Minimum deposit

$100

Regulation

FSC (British Virgin Islands)

Bonus

$35 welcome bonus on 1st deposit

Maximum leverage

1:1000

Year founded

2010

Trading platform

MetaTrader 4, JRFX App

Zetradex

Zetradex Forex Review

Minimum deposit

1 USD

Regulation

MISA, MWALI

Bonus

100%, 333%, 5000%

Maximum leverage

1:3000

Year founded

2022

Trading platform

Zetradex app, Zetradex web trader

FXLinked

FXLinked Review

Minimum deposit

$10

Regulation

FSA

Bonus

50%

Maximum leverage

1:400

Year founded

2018

Trading platform

MT4,MT5

FXTrading Corp

Stay away from FXTrading Corp fraud – another MLM system

Minimum deposit

$300

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2018

Trading platform

Web

Finq.com

Finq.com Review

Minimum deposit

$100

Regulation

SFSA

Bonus

$50

Maximum leverage

1:300

Year founded

2017

Trading platform

MT4, Webtrader, Mobile

UproFX

UproFX review

Minimum deposit

€250

Regulation

N/A

Bonus

N/A

Maximum leverage

1:100

Year founded

2018

Trading platform

WebTrader

FWT Markets

FWT Markets broker review

Minimum deposit

$100

Regulation

FSCA

Bonus

$30

Maximum leverage

1:200

Year founded

2010

Trading platform

MetaTrader 4

Fort FS

Fort Financial Services Review

Minimum deposit

200$

Regulation

IFSC

Bonus

N/A

Maximum leverage

200:1

Year founded

2016

Trading platform

Custom

Alvexo

Alvexo Review

Minimum deposit

100$

Regulation

FCA, CySEC

Bonus

N/A

Maximum leverage

300:1

Year founded

2015

Trading platform

MT4

VT markets

VT Markets Forex broker review – What does it offer?

Minimum deposit

$200

Regulation

CIMA

Bonus

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4, WebTrader

Grand FX Pro

Grand FX Pro Review – Is this broker legit?

Minimum deposit

$250

Regulation

SVGFSA

Bonus

10%/20%/30%

Maximum leverage

1:400

Year founded

N/A

Trading platform

WebTrader/Desktop

CPT Markets

CPT Markets Review – Would you want to trade with this broker?

Minimum deposit

$500

Regulation

IFSC, FCA

Bonus

N/A

Maximum leverage

1:1000

Year founded

N/A

Trading platform

MT4, cTrader

Binarium

Binarium broker review that tells you if it is a scam or not

Minimum deposit

10$

Regulation

N/A

Bonus

100%

Maximum leverage

95

Year founded

2012

Trading platform

MT4

TradeVest Broker Review

TradeVest Broker Review

Minimum deposit

$100

Regulation

N/A

Bonus

$100

Maximum leverage

1:1000

Year founded

2018

Trading platform

cTrader

IFS Markets

IFS Markets Review

Minimum deposit

$0

Regulation

ASIC

Bonus

N/A

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, WebTrader

Skilling

Skilling FX broker features, fees, opinions and more in the Skilling review

Minimum deposit

50 EUR

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2019

Trading platform

Custom

EXXI Capital

EXXI Capital review revealing if the broker is scam or legit

Minimum deposit

200$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:1000

Year founded

2019

Trading platform

MT4

Coinfinex

Is Coinfinex legit broker or a scam? let’s find out

Minimum deposit

500$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:4

Year founded

2017

Trading platform

Custom

YSI FX

YSI FX Review – Should you trade with this broker?

Minimum deposit

$1,000

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4

CWG

CWG Review – Find out if your funds are safe with this broker

Minimum deposit

$10

Regulation

SVGFSA

Bonus

10% Welcome

Maximum leverage

1:500

Year founded

N/A

Trading platform

MT4/MT5

One Royal

One Royal Review – Is this what you’re looking for?

Minimum deposit

$50

Regulation

ASIC, CySEC, CMA

Bonus

N/A

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4

4XC

4XC financial broker – What you need to know before registering

Minimum deposit

$10

Regulation

FSC

Bonus

N/A

Maximum leverage

1:500

Year founded

2018

Trading platform

MT4, MT5, WebTrader

Een Market

Een Market – Should You Trust This Broker?

Minimum deposit

250 EUR

Regulation

N/A

Bonus

N/A

Maximum leverage

1:200

Year founded

2021

Trading platform

MT 4

Capital.com

Capital.com Forex Broker – Detailed Review

Minimum deposit

20$

Regulation

ASIC, FSA, FCA

Bonus

N/A

Maximum leverage

1:200

Year founded

2016

Trading platform

MT4, TradingView, Mobile, Web

XTB

XTB Forex Broker

Minimum deposit

1$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2005

Trading platform

xStation

UFX

UFX Review

Minimum deposit

100$

Regulation

CySEC

Bonus

50$

Maximum leverage

400:1

Year founded

2007

Trading platform

MT4

Wisetrader

Wisetrader.com Review

Minimum deposit

200$

Regulation

CySEC

Bonus

N/A

Maximum leverage

200:1

Year founded

2016

Trading platform

MT4

TradeToro

A Detailed review shows if TradeToro scam is real or not

Minimum deposit

500$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:20

Year founded

2018

Trading platform

Custom

GrandXF Trade

GrandFX Trade Review

Minimum deposit

$250

Regulation

IFSC

Bonus

15% Referral

Maximum leverage

1:500

Year founded

N/A

Trading platform

Desktop/WebTrader

CMS Prime

CMS Prime Review – What Should You Expect from It?

Minimum deposit

$1,000

Regulation

SVGFSA, VFSC

Bonus

N/A

Maximum leverage

1:500

Year founded

2002

Trading platform

MT4, MT5

Deriv

Deriv Review – A Trustworthy Broker or a Scam?

Minimum deposit

$5

Regulation

MFSA, VFSC, LFSA, BFSC

Bonus

N/A

Maximum leverage

1:1000

Year founded

1999

Trading platform

MT5, DTrader

Fortrade

Fortrade Review

Minimum deposit

500$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2011

Trading platform

Custom

FXGiants

FXGiants Review

Minimum deposit

500$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2015

Trading platform

MT4

KeyStock

KeyStock Review

Minimum deposit

1000$

Regulation

MIFID

Bonus

N/A

Maximum leverage

400:1

Year founded

2000

Trading platform

MT4

LQDFX

LQDFX Review

Minimum deposit

25$

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

100:1

Year founded

2016

Trading platform

MT4

PriorFX

PriorFX Broker Review

Minimum deposit

250$

Regulation

CySEC

Bonus

N/A

Maximum leverage

200:1

Year founded

2016

Trading platform

Custom, MT4

Anzo Capital Limited

Anzo Capital Limited Forex broker Review

Minimum deposit

100$

Regulation

IFSC

Bonus

N/A

Maximum leverage

500:1

Year founded

2016

Trading platform

MT4

ContinueFX

ContinueFX review

Minimum deposit

$100

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

2017

Trading platform

MT4

Bithoven

Bithoven review – find out how trustworthy the company is

Minimum deposit

$0

Regulation

N/A

Bonus

100 DOGE

Maximum leverage

N/A

Year founded

2019

Trading platform

Web

CMC Markets

CMC Markets Review

Minimum deposit

0$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2008

Trading platform

MT4

FCI Markets

FCI Markets Broker Review

Minimum deposit

1000$

Regulation

FCA

Bonus

N/A

Maximum leverage

400:1

Year founded

2010

Trading platform

Custom, MT4

Imarkets 360

Imarkets 360 broker review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:1

Year founded

N/A

Trading platform

Custom

TemplerFX

TemplerFX Review

Minimum deposit

$25

Regulation

FSA

Bonus

N/A

Maximum leverage

1:1000

Year founded

2005

Trading platform

MT4, Custom

Atecs Capital

Should traders be aware of Atecs Capital fraud or is the broker legit?

Minimum deposit

500$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:20

Year founded

2019

Trading platform

Custom

SinoSoft FX

SinoSoft FX review – is this broker trustworthy?

Minimum deposit

$100

Regulation

N/A

Bonus

20% no deposit bonus

Maximum leverage

1:300

Year founded

2018

Trading platform

MT5

United Markets Capital

United Markets Capital review – is this broker a complete scam?

Minimum deposit

€250

Regulation

N/A

Bonus

N/A

Maximum leverage

1:30

Year founded

2018

Trading platform

WebTrader

Lirunex

Lirunex Review – Does it live up to the expectations?

Minimum deposit

$200

Regulation

LFSA, CySEC

Bonus

20% Deposit

Maximum leverage

1:500

Year founded

2016

Trading platform

MT4

OboFx

OboFx Review – A legit broker or a scam?

Minimum deposit

$1

Regulation

N/A

Bonus

From 40% to 100%

Maximum leverage

1:1000

Year founded

N/A

Trading platform

Not clear

Zero Markets FX broker review – Is it a scam?

Zero Markets FX broker review – Is it a scam?

Minimum deposit

$200

Regulation

ASIC

Bonus

Maximum leverage

1:500

Year founded

2017

Trading platform

MT4, MT5, WebTrader

Trade Horizon

Trade Horizon Reviewed – Is this broker scam?

Minimum deposit

$10,000

Regulation

N/A

Bonus

Maximum leverage

1:500

Year founded

N/A

Trading platform

MT5, Custom

DeltinFX

Are DeltinFX reviews legit? It’s high time to find out

Minimum deposit

$200

Regulation

N/A

Bonus

75%

Maximum leverage

1:400

Year founded

2018

Trading platform

MT4

UMarkets

UMarkets Review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

2010

Trading platform

MT4

Colmex Pro

Colmex Pro Review

Minimum deposit

400$

Regulation

CySEC

Bonus

N/A

Maximum leverage

200:1

Year founded

2015

Trading platform

Custom

Elxi Markets

Elxi Markets Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

200:1

Year founded

2015

Trading platform

MT4

FXINPRO Capital

FXINPRO Capital Review

Minimum deposit

50$

Regulation

CySEC, MiFID, FCA, BaFin

Bonus

N/A

Maximum leverage

500:1

Year founded

2013

Trading platform

FXINPRO Protrader 3

FxPro

FxPro Forex Broker

Minimum deposit

100$

Regulation

FCA, CySEC

Bonus

N/A

Maximum leverage

500:1

Year founded

2006

Trading platform

MT4

GIFx Capital

GIFx Capital review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

2016

Trading platform

MT4

INTFX

INTFX Broker Review

Minimum deposit

25$

Regulation

N/A

Bonus

30%

Maximum leverage

100:1

Year founded

2015

Trading platform

MT4

JCMFX

JCMFX Broker Review

Minimum deposit

10$

Regulation

FSA

Bonus

N/A

Maximum leverage

200:1

Year founded

2015

Trading platform

MT4

Stocksforex

Stocksforex Scam Review

Minimum deposit

1000$

Regulation

IFSC

Bonus

N/A

Maximum leverage

200:1

Year founded

2016

Trading platform

MT4

Sainmaco

Sainmaco Review

Minimum deposit

$200

Regulation

N/A

Bonus

N/A

Maximum leverage

100:1

Year founded

2015

Trading platform

MT4

GMPFX

GMPFX Forex broker review

Minimum deposit

$2.5

Regulation

N/A

Bonus

N/A

Maximum leverage

2000:1

Year founded

2009

Trading platform

MT4

TradeFW

TradeFW Review

Minimum deposit

$250

Regulation

CySEC

Bonus

N/A

Maximum leverage

1:30

Year founded

2017

Trading platform

MT4, WebTrader

Ainvesting

Ainvesting Review

Minimum deposit

$200

Regulation

BFSC

Bonus

N/A

Maximum leverage

1:30

Year founded

2017

Trading platform

WebTrader

Ainvestments

Ainvestments Review

Minimum deposit

$200

Regulation

N/A

Bonus

N/A

Maximum leverage

1:30

Year founded

2017

Trading platform

WebTrader

TemplerFX

Is Templer FX legit broker or do you need to avoid it at all cost?

Minimum deposit

25$

Regulation

FSA

Bonus

100% bonus

Maximum leverage

1:2000

Year founded

2004

Trading platform

MT4, Custom

MAX trading

Detailed 8MAX trading review shows if the broker is legit or not

Minimum deposit

5$

Regulation

N/A

Bonus

100%, 20% deposit bonus

Maximum leverage

1:1000

Year founded

N/A

Trading platform

MT4

TradeMax

TradeMax review revealing the scam behind the brokerage

Minimum deposit

$1000

Regulation

N/A

Bonus

N/A

Maximum leverage

400:1

Year founded

2013

Trading platform

MT4

AM Broker

A comprehensive AM Broker review

Minimum deposit

1000$

Regulation

SVGFSA

Bonus

25% deposit bonus

Maximum leverage

1:500

Year founded

2018

Trading platform

MT5

XYTRONFX

XYTRONFX review to update yourself about the broker’s features

Minimum deposit

$300

Regulation

N/A

Bonus

N/A

Maximum leverage

1:200

Year founded

2017

Trading platform

MT4, MobileTrader, WebTrader

Tradescrypto

Tradescrypto Review

Minimum deposit

€1,000

Regulation

N/A

Bonus

N/A

Maximum leverage

1:20

Year founded

2017

Trading platform

WebTrader

ForexChief

ForexChief Review

Minimum deposit

100

Regulation

N/A

Bonus

$20

Maximum leverage

1:400

Year founded

2016

Trading platform

MT4

Nigma Finance

The Nigma Finance Scam

Minimum deposit

N/A

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

N/A

Trading platform

N/A

TDS Capital Group

TDS Capital Group rating is legit – broker needs more attention

Minimum deposit

$250

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2018

Trading platform

Web

Libramarkets

Libramarkets review: Can you trust it or is it another scam?

Minimum deposit

250$

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

WebTrader

ALB

ALB review

Minimum deposit

$0

Regulation

MFSA

Bonus

N/A

Maximum leverage

1:100

Year founded

2017

Trading platform

MT4, MT5

MGC Logic

MGC Logic review

Minimum deposit

€250

Regulation

FSU

Bonus

N/A

Maximum leverage

1:100

Year founded

2019

Trading platform

WebTrader

MYteamFX

MYteamFX review

Minimum deposit

$500

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4

AMarkets

Why you should rely on AMarkets reviews

Minimum deposit

$100

Regulation

FSA, The Fin Com

Bonus

15% + cashback

Maximum leverage

1:1000

Year founded

2007

Trading platform

MT4, MT5, WebTrader

Trade5000

Trade5000 review discussing features and weaklings of FX broker

Minimum deposit

250$

Regulation

N/A

Bonus

30%, 40%, 60%, 80% , 100% bonus

Maximum leverage

200:1

Year founded

N/A

Trading platform

Custom

BomanFX

BomanFX review you need to read before registering with the broker

Minimum deposit

100$

Regulation

SVGFSA

Bonus

20$ welcome bonus

Maximum leverage

1:200

Year founded

N/A

Trading platform

MT4

Baazex

Baazex review – could this broker be a scam?

Minimum deposit

$10

Regulation

N/A

Bonus

$5000

Maximum leverage

1:1000

Year founded

2018

Trading platform

MT5

Vistabrokers

Vistabrokers Review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

N/A

Trading platform

Custom

TraderNovo

TraderNovo Review

Minimum deposit

250$

Regulation

N/A

Bonus

N/A

Maximum leverage

100:1

Year founded

2014

Trading platform

MT4

XTrade

XTrade Review

Minimum deposit

100$

Regulation

FCA, ASIC

Bonus

25$

Maximum leverage

400:1

Year founded

2015

Trading platform

Cusom

Binomo

Binomo Review

Minimum deposit

200$

Regulation

MIFID

Bonus

N/A

Maximum leverage

N/A

Year founded

2015

Trading platform

Custom

USGFx

USGFx broker review

Minimum deposit

100$

Regulation

ASiC

Bonus

N/A

Maximum leverage

200:1

Year founded

2012

Trading platform

MT4

Trade Capital

Trade Capital broker review

Minimum deposit

200$

Regulation

N/A

Bonus

N/A

Maximum leverage

300:1

Year founded

2015

Trading platform

MT4

Brokers Station

Brokers Station Review

Minimum deposit

1000$

Regulation

N/A

Bonus

N/A

Maximum leverage

400:1

Year founded

N/A

Trading platform

MT4

ECN Capital

ECN Capital Review

Minimum deposit

500$

Regulation

N/A

Bonus

N/A

Maximum leverage

400:1

Year founded

2011

Trading platform

MT4

FXB Trading

FXB Trading Review

Minimum deposit

25$

Regulation

N/A

Bonus

N/A

Maximum leverage

500:1

Year founded

2011

Trading platform

MT4

Indigo DMA

Indigo DMA Review

Minimum deposit

10$

Regulation

N/A

Bonus

N/A

Maximum leverage

100:1

Year founded

2016

Trading platform

MT4

ITI FX

ITI FX Review

Minimum deposit

50$

Regulation

N/A

Bonus

N/A

Maximum leverage

100:1

Year founded

N/A

Trading platform

MT4

JAFX

JAFX broker review

Minimum deposit

200$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

2015

Trading platform

MT4

Markets Yes

Markets Yes Review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

N/A

Trading platform

N/A

Neferma

Neferma Review

Minimum deposit

100$

Regulation

N/A

Bonus

N/A

Maximum leverage

400:1

Year founded

N/A

Trading platform

Neferma Trader

S2Trade

S2Trade broker review

Minimum deposit

200$

Regulation

N/A

Bonus

N/A

Maximum leverage

100:1

Year founded

2014

Trading platform

MT4

SuperForex

SuperForex Review

Minimum deposit

100$

Regulation

IFSC

Bonus

N/A

Maximum leverage

100:1

Year founded

N/A

Trading platform

MT4

Atirox

Atirox broker review

Minimum deposit

200$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

N/A

Trading platform

MT4

ForexBull

ForexBull broker review

Minimum deposit

250$

Regulation

N/A

Bonus

N/A

Maximum leverage

200:1

Year founded

N/A

Trading platform

MT4

TDMarkets

TDMarkets Review

Minimum deposit

$10

Regulation

FSA

Bonus

$10

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

Khwezi Trade

Khwezi Trade Review

Minimum deposit

$150

Regulation

FSP

Bonus

N/A

Maximum leverage

1:200

Year founded

2015

Trading platform

MT4

GigaFX

GigaFX review

Minimum deposit

€250

Regulation

N/A

Bonus

N/A

Maximum leverage

1:200

Year founded

2018

Trading platform

WebTrader, MT4

TradInvestor

TradInvestor Broker Review – should you trade with it?

Minimum deposit

2,500 EUR

Regulation

N/A

Bonus

N/A

Maximum leverage

1:100

Year founded

2018

Trading platform

WebTrader

GreenFX Trading

GreenFX Trading Review

Minimum deposit

40 GBP

Regulation

N/ABb

Bonus

N/A

Maximum leverage

N/A

Year founded

2019

Trading platform

N/A

StormGain

StormGain Review – is it legit or just another scam?

Minimum deposit

50 USDT

Regulation

N/A

Bonus

5%/10%/15%/18%

Maximum leverage

1:200

Year founded

2017

Trading platform

WebTrader

TRIBTC

TRIBTC Review – a scam or a trustworthy binary options broker?

Minimum deposit

0.0005 BTC

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2018

Trading platform

WebTrader

Bitky

Bitky FX brokerage honest review

Minimum deposit

$250

Regulation

N/A

Bonus

N/A

Maximum leverage

1:400

Year founded

2019

Trading platform

WebTrader

FxGrandTrade

FxGrandTrade Review – Sould you trade with this broker?

Minimum deposit

$250

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2006

Trading platform

N/A

7bForex

7bForex – The full review about this scam broker

Minimum deposit

₦5,000

Regulation

N/A

Bonus

₦ 10,000

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4

Fxtradelive

Fxtradelive Review – Is It A Trustworthy Company?

Minimum deposit

500 USD

Regulation

N/A

Bonus

N/A

Maximum leverage

N/A

Year founded

2014

Trading platform

MT 4

M4Markets

M4Markets Review – Can We Trust Them?

Minimum deposit

5 USD

Regulation

FSA

Bonus

N/A

Maximum leverage

1:1000

Year founded

2020

Trading platform

MT 4

Finteria

Finteria Forex Review

Minimum deposit

100 USD (50 USD with bank cards)

Regulation

Unregulated

Bonus

100% trading bonus

Maximum leverage

None

Year founded

Unknown

Trading platform

Custom web trading platform

TNFX review – take a glance at the brokerage

TNFX review – take a glance at the brokerage

Minimum deposit

Regulation

Bonus

Maximum leverage

Year founded

Trading platform

GFS Trader

GFS Trader Forex Review

Minimum deposit

100 USD

Regulation

None

Bonus

None

Maximum leverage

1:500

Year founded

2018

Trading platform

MT5

Otet Markets

Otet Markets review – Can you trust this broker?

Minimum deposit

100 USD

Regulation

Comoros Union (MISA)

Bonus

200%

Maximum leverage

1:3000

Year founded

Trading platform

Headway

Headway review – should you open an account with this broker just to claim the bonus?

Minimum deposit

1 USD

Regulation

From 0.3

Bonus

111 USD bonus for the first trade

Maximum leverage

Unlimited

Year founded

Trading platform