Find Your Ideal Forex Broker: Trusted Reviews at a Glance

  • Show all
  • Highest score
  • Lowest score
  • Review category
  • All categories
  • Uncategorized
  • Crypto Exchanges/Brokers
  • Forex Brokers
  • Stock Brokers
TRUSTED
XM.com (previously known as XeMarkets) is a Cyprus-based international online foreign exchange broker that allows users to open accounts and trade the financial markets. The company provides financial trading services through a number of electronic trading platforms, including MetaTrader 4 and MetaTrader 5, allowing traders to apply Expert Advisor (EA) strategies. They also have a proprietary mobile trading app, XM – Trading Point.
More details +
Trust
8.5
Fees
8.5
Platform and Tools
7
Customer Support
8.5
Tradeable Instruments
8
Account Types and Terms
6.5
Deposit and Withdrawal
5.5
Research and Education
9.5
PROS:
  • Regulated by 6 authorities
  • No deposit or withdrawal fees
  • Deposit bonus
  • Referral program
  • Loyalty program
  • Over 1,000 instruments to trade
  • Great educational material
  • 24/7 customer support
CONS:
  • Limited to specific regions
  • Standard account spreads are quite expensive
  • Average spreads are not published for ultra-low accounts
  • Average forex portfolio
  • No investor protection for residents outside the EU
TRUSTED
IUX is a FOREX CFD trading broker that was established in 2016 and currently has over 180,000 users worldwide. It supports 10 languages including Thai. It has a modern and attractive website to use. The details and advantages are clearly visible from the first page of the website. In addition, IUX is a fast-growing and popular broker in Thailand.  
More details +
Credibility
7.1
Fee
5
Platform
7
Customer Care
7.1
Tradeable Assests
6
Account-Type
7
Deposit Withdrawal
7
Knowledge Source
6.2
In operation since 2014, Olymp Trade has established itself amongst one of the most popular online brokers even having Ronaldinho (retired Brazilian Footballer) on their sponsorship roll. They have millions of clients and have had their mobile app downloaded over 44 million times. Let's look into this broker and see if their services, features, and fees are inline with massive popularity they have.
More details +
Trust
7
Fees
5
Platforms and Tools
5
Customer Support
6.5
Tradeable Instruments
4
Account Types and Terms
1
Deposit and Withdrawals
7
Research and Education
4.5
PROS:
  • 10 USD minimum
  • Demo trading account is great for beginners
  • User-friendly platform
  • Regulated by FinaCom
CONS:
  • Very few trading instruments
  • Only two trading platforms
  • No MetaTrader
  • Various trading conditions for different assets

GMI Markets is an intriguing online trading broker with a range of offerings, but also an array of questions surrounding its operations. Is it the right broker for you? Dive into our comprehensive review to find out.

More details +
Trust
2.5
Fees
5
Platforms and Tools
5
Customer Support
1
Tradeable Instruments
3.5
Account Types and Terms
5
Deposit and Withdrawals
3.5
Research and Education
0
PROS:
  • Offers a range of account types catering to different types of traders
  • Provides a 30% Welcome Bonus for first-time deposits
CONS:
  • Limited and unclear information about withdrawal methods
  • No visible details about negative balance protection
  • Limited customer support options
  • Lack of transparency about region-specific operation policies
  • Absence of educational resources
  • Limited trading platform features and deposit methods
As a global powerhouse in the online brokerage industry, Deriv, with its diverse asset offerings and commitment to user-centric services, has carved a niche for itself in the world of trading. This review delves into the intricate workings, offerings, and operations of Deriv, leaving no stone unturned to give you a comprehensive understanding of this reputable broker.
More details +
Trust
5
Fees
5
Platforms and Tools
7
Customer Support
4
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
5
Research and Education
5
PROS:
  • Wide range of trading assets
  • Multiple trading platforms to suit various trading styles
  • Free API for developing a personalized trading platform
  • Provides a variety of account types
  • Global presence with offices worldwide
  • Compliant with international financial regulations
  • Offers partnership programs like the Affiliate and IB programs
  • Innovative Bug Bounty program for security enhancement
  • The payment Agent program offers an additional revenue stream
  • 24/7 customer service
CONS:
  • No deposit bonuses or similar promotions
  • Some information is not readily available or transparent
  • The commission structure in IB program could be clearer
  • Specific information on Deriv MT5 commission plans is not disclosed upfront
  • Limited regional availability for certain programs (like CPA for EU only)
  • The payment Agent program is limited to servicing clients in the agent's country of residence
  • Minimum balance requirement during Payment Agent application review
  • Some restrictions on Payment Agent's clients based on residency
  • Limited information on the Bug Bounty program's reward system
  • No physical support offices
FXCM is a well-known broker amongst retail traders and professionals alike. It was founded all the way back in 1999 and has had its fair share of ups and downs. This review covers everything you can expect to find from this online international forex CFD broker. Let's see how they fare compared to the rest.
More details +
Trust
7
Fees
5
Platforms and Tools
8.5
Customer Support
6.5
Tradeable Instruments
4
Account Types and Terms
3.5
Deposit and Withdrawals
4
Research and Education
3
PROS:
  • Established in 1999
  • Regulated by multiple authorities
  • One account type
  • Four trading platforms to choose from
  • TradingView is available
  • Copy trading is available
  • MetaTrader is available
CONS:
  • Multiple websites depending on the region
  • Websites can be confusing
  • One account type
  • Limited trading resources and educational material
  • Limited assets list

In this review, we will take a close look at Eightcap, a reputable broker in the financial industry. Eightcap has gained recognition for its comprehensive range of trading services and commitment to providing a secure and user-friendly trading environment.

More details +
Trust
4
Fees
4.5
Platforms and Tools
5
Customer Support
5.5
Tradeable Instruments
4
Account Types and Terms
5
Deposit and Withdrawals
4
Research and Education
3.5
PROS:
  • Regulated by reputable financial bodies, ASIC and VFSC
  • Offers MetaTrader 4 and MetaTrader 5 platforms, highly regarded in the trading industry
  • A broad selection of trading instruments including forex, commodities, indices, shares, and cryptocurrencies
  • Two distinct account types (Raw and Standard) catering to different trading preferences
  • Attractive partnership programs such as Introducing Broker (IB) and White Label partnerships
CONS:
  • Lack of transparency regarding their negative balance protection policy.
  • Limited information on geographical restrictions for trading
  • Only two account types available, which might be limited compared to other brokers
  • No explicit mention of special promotions or offers on the broker's website
  • Absence of information on the broker's website about whether or not it serves US residents
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.
More details +
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
Dollars Markets is an online forex and CFD broker that, according to WikiFX, has been in operation between 2 and 5 years. Dollars Markets offers trading in the form of CFDs, and clients can trade financial assets such as forex, metals, indices, cryptocurrencies, shares, energies, and ETFs.
More details +
Trust
2
Fees
6
Platform and Tools
5
Customer Support
5
Tradeable Instruments
4
Account Types and Terms
3
Deposit and Withdrawal
2
Research and Education
2
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.
More details +
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
FxPro, a prominent London-based European online broker that specializes in providing an extensive range of contracts for difference (CFD) across various asset classes. With a strong presence in the trading world and a commitment to excellence, FxPro is the go-to choice for retail clients seeking a reliable and dynamic trading experience. Let's see how they fair in this review.
More details +
Trust
6
Fees
6
Platforms and Tools
8.5
Customer Support
5
Tradeable Instruments
6
Account Types and Terms
7
Deposit and Withdrawals
4.5
Research and Education
2.5
PROS:
  • Regulated by top-tier authorities
  • Multiple trading platforms
  • Competitive spreads and pricing
  • Wide range of trading instruments
  • No dealing desk intervention
  • Excellent 24/5 customer support
  • Rich educational resources
CONS:
  • Limited availability in some regions
  • No US clients
  • Inactivity fee
  • Limited deposit/withdrawal options
  • Risk of slippage
  • No social trading
  • High minimum deposit
Show next
PIP Penguin
Logo