INVESTING

Forex Brokers

Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company

Launched in 2023 and headquartered in Limassol, Cyprus, LQHMarkets is a new broker regulated by CySEC that offers access to over 180 countries. With support for MT4 and MT5 platforms, competitive spreads from 0.0 pips, and multiple asset classes, this broker targets both beginners and seasoned traders looking for reliable execution and a diverse market reach.
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PROS:
  • Regulated by CySEC ensuring client protection
  • MT4 and MT5 platforms for versatile trading
  • Broad market access including crypto and ETFs
  • Spreads from 0.0 pips and $2 commissions
  • Swap-free and demo accounts available
CONS:
  • Limited trading history due to recent launch
  • Leverage limited to 1:30 for retail clients
  • Minimal educational resources at this stage
  • No mention of 2FA or encryption protocols
  • Joint account options not clearly outlined
PROS:
  • Regulated by CySEC for investor safety
  • Supports over 180 countries and multiple account types
  • Offers customizable MT4 and MT5 platforms
  • Enables crypto and fiat-based deposits and withdrawals
  • Competitive spreads starting from 0.0 pips
CONS:
  • Leverage limited to 1:30 due to EU regulations
  • Withdrawal fees may be high depending on the method
  • Some methods lack zero-fee withdrawals
  • No transparent third-party audit reports
  • Inactivity fee applies after 6 months
CentFX is a Forex and CFD broker launched in 2022, operating via the MetaTrader 5 platform. It is registered in Anguilla and Mauritius and also holds US MSB registration. With over 400 tradable instruments—including forex, indices, metals, and cryptocurrencies—CentFX delivers zero‑spread ECN trading, swap‑free Islamic accounts, and multi‑jurisdictional licensing. Its low minimum deposit and high leverage make it appealing to a wide range of traders.
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Trust & Regulatory Status
4.8
Tradable Instruments
5
Fees
5
Account Types
4.2
Platform and Tools
5.7
Deposit and Withdrawal
5
Customer Support
5.9
Research and Education
5.3
Mobile Trading
5
Security
5.5
PROS:
  • Competitive spreads starting from 0.1 pips on ECN and standard accounts
  • Full MetaTrader 5 support across desktop, web, and mobile including EAs and advanced charting
  • High leverage available up to 1:1000
  • Multiple licences in Mauritius and Anguilla and MSB registration in the US
  • No broker-charged deposit or withdrawal fees
  • Offers negative balance protection
  • Multilingual 24/5 customer support via live chat, phone, and email
CONS:
  • Licences stem from smaller jurisdictions rather than top‑tier regulators like the FCA or ASIC
  • Trustpilot user rating is mixed at around 3.4/5 with some complaints about service and withdrawals
  • Limited transparency regarding execution speed, slippage, and fund segregation
  • Some users report slow or inconsistent withdrawal processing times
  • Uses only MT5 platform and lacks a proprietary or branded trading platform
iBroker is a Spanish CNMV-regulated broker offering mobile-first access to futures, forex, and options trading via trusted partners like CQG and AMP Global. It features interactive charts, one-tap orders, a free demo, and strong investor protection.
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Trust & Regulatory Status
5
Tradable Instruments
3.6
Fees
4.1
Account Types
3.8
Platform and Tools
5.3
Deposit and Withdrawal
5
Customer Support
4.9
Research and Education
5.9
Mobile Trading
3.9
Security
3.5
PROS:
  • iBroker is regulated by Spain’s CNMV (Tier‑1) and participates in FOGAIN investor protection.
  • Traders receive negative balance protection.
  • Security score of 8/10 underscores strong compliance and data safeguards.
  • Forex trading costs are low, with tight EUR/USD spreads and no deposit or withdrawal fees.
  • Mobile-first design with one-tap order management and real-time alerts enhances trading convenience.
CONS:
  • Founded in 2016, iBroker has a shorter track record compared to legacy brokers.
  • The fee and tiered pricing structure can be confusing for new users.
  • Limited to derivatives trading (futures, forex, CFDs, options) with no direct equities or mutual funds.
  • Does not support third-party platforms like MetaTrader, relying solely on its own app and integrations.
PROS:
  • Spreads from 0.0 pips on major forex pairs
  • No minimum deposit to start trading
  • Zero commission on US Share CFDs
  • Full platform range including TradingView
  • Regulated by ASIC, VFSC, and FSA
CONS:
  • Islamic account option is not available
  • No set trading hours for customer support
  • Limited educational materials
  • Inactivity fee policy unclear
  • Support only available via email (no live chat or phone)
PROS:
  • Fully regulated in both Seychelles and the UAE
  • Zero commission trades lower total trading costs
  • Wide asset coverage including treasuries and equities
  • MT4, MT5, and 4T Trader support advanced and automated trading
  • Excellent mobile compatibility across devices
CONS:
  • Trading conditions like spreads and leverage are not disclosed
  • No detail on negative balance protection
  • Copy trading and social trading features are absent
  • Missing extras like webinars and interactive courses
  • Deposit/withdrawal fees and methods not listed
PROS:
  • Supports MT4 and MT5 with institutional-grade liquidity.
  • Offers 1,000+ CFDs across forex, stocks, crypto, and more.
  • Copy trading with FXT CopyPro for passive traders.
  • Mobile-friendly via the FXT App with secure encryption.
  • Competitive pricing with spreads from 0.0 pips (Pro account).
CONS:
  • Offshore regulation under VFSC, not Tier-1.
  • No Islamic, joint, or corporate accounts.
  • Key metrics like leverage and margin levels not disclosed.
  • No 2FA or advanced security layers noted.
  • Customer support details and hours not listed.
PROS:
  • Zero-commission trading
  • Over 16,000 tradeable assets
  • Offers multiple user-friendly trading platforms
  • Demo account for risk-free practice
  • Rich educational content and 1-on-1 guidance
CONS:
  • Minimum deposit amount is not disclosed
  • Does not openly mention Islamic account options
  • Regulated by an offshore authority, not Tier-1
  • Unclear deposit and withdrawal processes
  • Lack of detailed spreads or fee structure disclosure
Exnova is a multi-asset online trading platform offering over 250+ instruments including forex, crypto, stocks, and commodities. Known for its sleek interface, low $10 deposit, and negative balance protection, Exnova caters primarily to beginner and intermediate traders. However, it operates without regulation from major financial authorities, which may pose risks for capital-heavy or compliance-focused users.
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Trust & Regulatory Status
3.1
Tradable Instruments
3.4
Fees
2.9
Account Types
3.7
Platform and Tools
4
Deposit and Withdrawal
5
Customer Support
4.1
Research and Education
2.2
Mobile Trading
2.3
Security
3.5
PROS:
  • Clean, intuitive interface on both desktop and mobile
  • Start trading with just $10
  • 250+ instruments including forex, stocks, crypto, commodities, and ETFs
  • Free demo available for risk-free practice
  • Quick order processing with minimal slippage
  • Regular promotions and trading competitions
CONS:
  • Not overseen by any major financial authority
  • No MetaTrader 4 or 5 support
  • Some users report withdrawal delays or issues
  • Not available in the U.S., E.U., and certain other regions
Dominion Markets is a modern online trading platform offering access to forex, cryptocurrencies, indices, stocks, and commodities. With cTrader integration, high leverage, and support for crypto transactions, it caters to global traders seeking flexible, fast, and feature-rich trading experiences.
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Trust & Regulatory Status
3.8
4.3
Fees
4.6
Account Types
4.4
Platform and Tools
5
Deposit and Withdrawal
5.8
Customer Support
5.3
Research and Education
4.8
Mobile Trading
5
Security
5
PROS:
  • Low spreads and ultra-fast trade execution reported by users.
  • Offers cTrader and MT5 with advanced analytics and automation features.
  • Trade 55+ forex pairs, 35+ cryptos, stocks, indices, and commodities.
  • Shariah-compliant accounts with no overnight interest charges.
  • Supports cTrader Copy and active trader communities via Discord.
CONS:
  • Regulated in Mauritius, not by top-tier authorities like FCA or ASIC.
  • Restricted in regions like the U.S., EU, and Canada.
  • Lacks clarity in some areas like fee breakdowns and asset types.
  • Positive reviews on execution; some concerns over withdrawals and regulation.
Libertex is a CySEC-regulated trading platform founded in 1997, offering over 300 assets including forex, stocks, crypto, and commodities. With a zero-spread pricing model, intuitive platform options (WebTrader, MT4, MT5), and a long-standing industry reputation, it appeals to both beginner and professional traders across Europe and other supported regions.
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Trust & Regulatory Status
3.5
Tradable Instruments
4
Fees
3.9
Account Types
4.2
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
4.5
Research and Education
2.4
Mobile Trading
5.8
Security
4.6
PROS:
  • Over 25 years in the industry with millions of clients worldwide.
  • Regulated by CySEC, ensuring compliance with European financial standards.
  • Transparent zero-spread trading with fixed per-trade commissions.
  • Intuitive WebTrader and mobile app designed for beginner-friendly use.
  • Offers MT4 and MT5 platforms with advanced tools and automation.
  • Trade forex, stocks, commodities, crypto, ETFs, and indices.
  • Access to educational resources and strategy guides for all levels.
CONS:
  • Per-trade commissions may be higher despite zero spreads.
  • Customer support is limited to business hours only.
  • Not available in the U.S., Canada, or Japan.
  • No option for Islamic (swap-free) trading accounts.
xChief is a forex and CFD broker established in 2014, offering a range of account types with leverage up to 1:1000 and a minimum deposit starting from $10.
More details +
Trust & Regulatory Status
5
Tradable Instruments
4.2
Fees
3.6
Account Types
3.9
Platform and Tools
5.4
Deposit and Withdrawal
2.8
Customer Support
3.7
Research and Education
4
Mobile Trading
2.7
Security
4.4
PROS:
  • Access to forex, stocks, commodities, indices, and cryptocurrencies
  • Supports MetaTrader 4, MetaTrader 5, and a proprietary mobile app
  • Offers tight spreads and leverage up to 1:1000
  • Licensed by MISA in the Comoros
  • 24/7 customer support via live chat, email, and social media
CONS:
  • MISA regulation may lack recognition compared to major financial bodies
  • Limited transparency on company financials and ownership
  • Services unavailable in certain countries due to regulatory restrictions
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