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Home > Forex Brokers

Forex Broker Reviews - Best Forex Brokers 2023

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Broker Rating Country/Regulation Platforms/Conditions
XM Review
XM Review
Comment
★ 4.7 / 5
XM Club
  • Min Deposit $5
  • - XM $30 No Deposit Bonus Trading Promotion
    - XM 15% Welcome Bonus Promotion - Up to $500
    - XM Refer a Friend Program - Up to $35 per Friend
    - XM Loyalty Program - Cashback Rebate
    - XM Free VPS - How to connect to VPS
    - XM 50% and 20% Deposit Bonus - Up to $,5000
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  • XM Club
  • 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
  • Regulation CySEC, DFSA, ASIC
  • Founded 2009
  • Min Deposit $5
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Exness Review
Exness Review
Comment
★ 4.5 / 5
Exness Club
  • Max Leverage Unlimited Min Deposit $1
  • - Very well regulated
    - Min Deposit $1
    - Impressive range of Forex pairs to trade on
    - Commission-free trading available
    - Flexible leverage
    - Copy Trading System
    - Support in 20 languages
    - Good Customer Support
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  • Exness Club
  • Siafi 1,PORTO BELLO Building, Flat 401,3042, Limassol, Cyprus
  • Regulation CySEC, FCA, SFSA
  • Founded 2008
  • Max Leverage Unlimited
  • Min Deposit $1
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Free Bonus
Moneta Markets Review
Moneta Markets Review
Comment
★ 4.5 / 5
Moneta Markets
  • Max Leverage 500 Min Deposit $200
  • - Regulated broker
    - 300+ CFD instruments
    - Segregated client funds held with National Australia Bank
    - Complete & user-friendly Moneta Markets web & mobile platforms
    - Exclusive trading tools including market sentiment & market buzz
    - Variety of educational materials
    - Commission free trading
    - Various account currency options
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  • Moneta Markets
  • Cayman Islands
  • Regulation CIMA
  • Founded 2020
  • Max Leverage 500
  • Min Deposit $200
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FBS Review
FBS Review
Comment
★ 4.4 / 5
FBS Club
  • Max Leverage 3000 Min Deposit $1
  • - FBS Pro Demo Trading Contest - $1,000 cash prize pool
    - FBS Makes your Dreams Come True
    - FBS League Demo Trading Contest - $1,000 for Solo and $2,100 for Team
    - FBS $100 Bonus Promotion for Free
    - FBS 100% Deposit Bonus Promotion
    - $100 Quick Start Bonus to Trade FX on FBS Trader mobile app for Free
    - Cashback from FBS — Receive up to $15 per Lot
    - FBS Loyalty program
    - VPS Service for Free at FBS
    - FBS CopyStar Contest - Win a MacBook Pro or a brand-new iPhone
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  • FBS Club
  • Belize and Cyprus
  • Regulation CySEC, IFSC, ESMA
  • Founded 2009
  • Max Leverage 3000
  • Min Deposit $1
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Free Bonus
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OctaFX Review
OctaFX Review
Comment
★ 4.3 / 5
OctaFX Club
  • Max Leverage 500 Min Deposit $50
  • - OctaFX 16 Cars contest - you can win cars, MacBook laptops, smartphones, and smartwatches every three months.
    - OctaFX MT4 Demo Trading Contest - Up to 1000 USD!
    - OctaFX cTrader Weekly Demo Trading Contest - Up to 400 USD
    - OctaFX Trade and Win Promotion - Gift for Traders
    - OctaFX Deposit Bonus - Up to 50% on each Deposit
    - OctaFX Traders Status Program
    - OctaFX Invite a Friend Promotion - 1 USD per 1 standard lot
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  • OctaFX Club
  • Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
  • Regulation Cysec
  • Founded 2011
  • Max Leverage 500
  • Min Deposit $50
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Axiory Review
Axiory Review
Comment
★ 4.3 / 5
Axiory
  • Max Leverage 400 Min Deposit $100
  • - Financial Commission member
    - Segregated client funds
    - cTrader, MetaTrader & FIX API
    - 150+ trading instruments
    - AutoChartist
    - PAMM/MAM accounts
    - Charitable work
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  • Axiory
  • Belize
  • Regulation IFSC
  • Founded 2007
  • Max Leverage 400
  • Min Deposit $100
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HotForex Review
HotForex Review
Comment
★ 4.3 / 5
HotForex Club
  • Max Leverage 1000 Min Deposit $5
  • - Celebrating their 10th Anniversary by offering all of thier loyal Clients and Partners generous withdrawable rewards $2,000,000
    - HotForex Free Gadget Away Promotion - win one of these amazing prizes: GoPro Hero 7, Iphone XS, Play Station 4 Pro, Amazone Fire HD 10 Tablet, Amazon Echo Plus Speaker, AKG Y50BT Bluetooth Headphones.
    - The HotForex 'Virtual to Real' Demo Contest - $3,500 for free
    - HotForex Traders Awards Live Trading Contest in 2020 - A Traders Award, 1,000 USD Cash Prize, Entry into the Hall of Fame
    - HotForex Merchandise free of Charge - Some of the merchandises include Black cap, Pen, T-Shirt, Key-ring, Umbrella, Stress ball and Stainless Steel Coffee mug.
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  • HotForex Club
  • Cyprus
  • Regulation CySEC, FCA, DFSA, FSCA
  • Founded 2010
  • Max Leverage 1000
  • Min Deposit $5
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AvaTrade Review
AvaTrade Review
Comment
★ 4.3 / 5
AvaTrade
  • Max Leverage 400 Min Deposit $100
  • - Strict regulation
    - Multiple awards
    - Fast trade execution speeds
    - Tight spreads
    - No commission
    - Powerful & flexible trading platforms
    - Large selection of trading instruments
    - Autochartist
    - Social trading platforms
    - Hedging & scalping allowed
    - No deposit or withdrawal fees
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  • AvaTrade
  • Australia, Ireland, South Africa, Japan, British Virgin Islands
  • Regulation ASIC, BVI, CBI, FFAJ, FSA, FSCA, IIROC
  • Founded 2006
  • Max Leverage 400
  • Min Deposit $100
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Vantage FX Review
Vantage FX Review
Comment
★ 4.3 / 5
Vantage FX
  • Max Leverage 500 Min Deposit $200
  • - Strict regulation
    - Segregated client funds
    - ECN / STP execution model
    - 300+ CFD trading instruments
    - Commission free accounts
    - MT4 smart trader tools
    - Pro Trader Tools
    - Educational resources
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  • Vantage FX
  • Cayman Islands, Australia, United Kingdom
  • Regulation CIMA, SIBL, FCA, ASIC
  • Founded 2009
  • Max Leverage 500
  • Min Deposit $200
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FXTM Review
FXTM Review
Comment
★ 4.2 / 5
FXTM
  • Max Leverage 2000 Min Deposit $10
  • - Refer A Friend Bonus: Earn $50 for you and every single friend or family member that you bring to FXTM.
    - 10% – 30% Deposit Bonus: This is a location-based bonus which allows users in Asia, Africa, China and the MENA region to enjoy an additional 30% bonus on their deposits.
    - $30 Bonus: This is a selective cash bonus given to traders who open and fund their accounts within 6 months.
    - FXTM loyalty program: Collect up to $5 every time you trade up to $10,000
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  • FXTM
  • FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
  • Regulation FCA, CySEC, FSC
  • Founded 2011
  • Max Leverage 2000
  • Min Deposit $10
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FXGiants Review
FXGiants Review
Comment
★ 4.1 / 5
FXGiants
  • Max Leverage 1000 Min Deposit $100
  • - FXGiants No Deposit Bonus - 70 USD for Free
    - FXGiants 40% Booster Bonus - Up to $4000 Bonus on your Deposit
    - FXGiants 100% Bonus Maximiser - Unlimited Amount
    - FXGiants Bonus Advantage - Up to 5,000USD
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  • FXGiants
  • 12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, UK
  • Regulation ASIC, FCA
  • Founded 2016
  • Max Leverage 1000
  • Min Deposit $100
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FP Markets Review
FP Markets Review
Comment
★ 4.1 / 5
FP Markets
  • Max Leverage 500 Min Deposit $100
  • - Regulated trading broker
    - Huge range of 10,000+ financial instruments
    - Powerful & sophisticated MetaTrader & IRESS platforms
    - ECN pricing model with raw tight spreads from 0.0 pips
    - Fast execution through Equinix servers
    - No requotes & no dealing desk
    - Commission free accounts
    - Multiple deposit / withdrawal methods with no fees
    - Multiple brokerage awards
    - No inactivity fees
    - Islamic swap-free accounts
    - Copy trading & autotrade
    - Educational Traders Hub
    - Autochartist & many other useful trading tools
    - 24/7 customer support
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  • FP Markets
  • Australia
  • Regulation ASIC, CySEC, SVGFSA
  • Founded 2005
  • Max Leverage 500
  • Min Deposit $100
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FXChoice Review
FXChoice Review
Comment
★ 4 / 5
FXChoice
  • Max Leverage 200 Min Deposit $100
  • - User-friendly trading platforms for web, desktop & mobile
    - Low spreads, low fees & rapid trade execution speeds
    - Hedging, scalping & expert advisors (EAs) allowed
    - Good choice of quick & easy funding options
    - Commission free accounts
    - Electronic communication network (ECN)
    - Non-dealing desk (NDD)
    - Pips+ Programme for reduced commission & rebates
    - No debit balance guarantee
    - Free VPS
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  • FXChoice
  • Belize
  • Regulation IFSC
  • Founded 2010
  • Max Leverage 200
  • Min Deposit $100
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IronFX Review
IronFX Review
Comment
★ 4 / 5
IronFX
  • Max Leverage 1000 Min Deposit $50
  • - Strict regulation
    - Variable & fixed spread accounts
    - Commission free accounts
    - Award-winning trading platforms
    - IronFX Research app
    - Good range of forex currency pairs
    - Multiple deposit / withdrawal methods
    - Segregated client funds
    - IronFX Crypto exchange
    - Excellent customer support
    - Free VPS for qualifying clients
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  • IronFX
  • Australia, United Kingdom, Cyprus
  • Regulation ASIC, CySEC, FCA
  • Founded 2010
  • Max Leverage 1000
  • Min Deposit $50
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XTB Review
XTB Review
Comment
★ 4 / 5
XTB
  • Max Leverage 200 Min Deposit $1
  • - Strict regulation
    - Award-winning xStation trading platform
    - Easy to use MetaTrader platforms
    - 1500+ CFD markets: Forex, Indices, Commodities & Shares
    - Tight spreads & rapid trade execution speeds
    - Multiple deposit / withdrawal methods
    - Dedicated personal account manager
    - Trading academy
    - Live market commentary
    - Sentiment analysis & other useful trading tools
    - Minimum $1 deposit
    - 24/5 customer support
    - Islamic accounts
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  • XTB
  • United Kingdom, Germany, France, Spain, Poland, Belize
  • Regulation ACPR, BaFin, CNMV, FCA, IFSC, KNF
  • Founded 2004
  • Max Leverage 200
  • Min Deposit $1
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ATFX Review
ATFX Review
Comment
★ 4 / 5
ATFX
  • Max Leverage 30 Min Deposit $500
  • - ATFX $100 Welcome Credit Bonus
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  • ATFX
  • 1st Floor, 32 Cornhill, London EC3V 3SG. United Kingdom
  • Regulation CySEC, FCA, FSC
  • Founded 2014
  • Max Leverage 30
  • Min Deposit $500
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Deriv Review
Deriv Review
Comment
★ 4 / 5
Deriv Club
  • Max Leverage 1000 Min Deposit $5
  • - Currenly, Deriv does not offer any bonus and promotion
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  • Deriv Club
  • Malaysia, Malta, Paraguay, United Arab Emirates
  • Regulation MFSA, VFSC, LFSA, BFSC
  • Founded 2020
  • Max Leverage 1000
  • Min Deposit $5
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IC Markets Review
IC Markets Review
Comment
★ 4 / 5
IC Markets
  • Max Leverage 500 Min Deposit $200
  • - Raw spread accounts with institutional grade liquidity available.
    - Free deposit and withdrawal
    - Low forex fees
    - Commission-free trading available.
    - Wide range of tradable products with 24/7 customer support.
    - Impressive library of educational material and videos.
    - Wide range of forex trading platform to fit different kinds of traders preferences
    - Support Social Trading (MyFXbook AutoTrade, ZuluTrade), API Trading and MAM / PAMM accounts.
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  • IC Markets
  • International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia
  • Regulation CySEC, ASIC, FSA, AFSL
  • Founded 2007
  • Max Leverage 500
  • Min Deposit $200
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LiteForex Review
LiteForex Review
Comment
★ 4 / 5
LiteForex
  • Max Leverage 500 Min Deposit $50
  • - LiteForex "Show your worth" Contest - Prize Pool 1,000 USD
    - LiteForex contest - LiteForex Dream Draw - Up to $350,000
    - Liteforex Contest - Best of The Best forex demo contest - Up to $10,000
    - LiteForex Deposits for Traders' Blog Readers - 50% Forex Bonus
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  • LiteForex
  • 124 Gladstonos Street, The Hawk Building, 4th Floor, Limassol, Cyprus
  • Regulation CySEC
  • Founded 2005
  • Max Leverage 500
  • Min Deposit $50
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City Index Review
City Index Review
Comment
★ 3.9 / 5
City Index
  • Max Leverage 400 Min Deposit $150
  • - FCA UK regulated with publicly traded parent company Gain Capital.
    - Fast and smooth account opening
    - No fees are charged for deposits or withdrawals.
    - 12,000+ instruments to trade on, covering multiple asset classes.
    - Low fees for forex and index CFDs
    - Feature-rich, web-based proprietary trading platform.
    - Wide range of education and research tools.
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  • City Index
  • Park House, 16 Finsbury Circus, London, EC2M 7EB, UK
  • Regulation ASIC, FCA, MAS
  • Founded 1983
  • Max Leverage 400
  • Min Deposit $150
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InstaForex Review
InstaForex Review
Comment
★ 3.9 / 5
InstaForex
  • Max Leverage 1000 Min Deposit $1
  • - Minimum $1 deposit
    - Large selection of 300+ instruments
    - Intuitive trading platforms
    - Various account funding options
    - Strict regulation
    - Commission free accounts
    - Free VPS
    - Educational materials
    - Trading tools
    - Pattern graphix
    - ForexCopy system
    - PAMM system
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  • InstaForex
  • Cyprus, Saint Vincent and the Grenadines, British Virgin Islands
  • Regulation CySEC, BVI, SVGFSA
  • Founded 2007
  • Max Leverage 1000
  • Min Deposit $1
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easyMarkets Review
easyMarkets Review
Comment
★ 3.8 / 5
easyMarkets
  • Max Leverage 400 Min Deposit $100
  • - Regulated brokerage firm
    - MetaTrader 4 platforms
    - Fixed spread accounts
    - Commission free accounts
    - dealCancellation
    - Freeze Rate
    - Inside Viewer
    - easyMarkets App
    - Free guaranteed stop loss
    - Trading Central charting & signals
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  • easyMarkets
  • Cyprus
  • Regulation ASIC, CySEC, FSA, BVI
  • Founded 2001
  • Max Leverage 400
  • Min Deposit $100
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Fusion Markets Review
Fusion Markets Review
Comment
★ 3.8 / 5
Fusion Markets
  • Max Leverage 500 Min Deposit $1
  • - Regulated broker
    - Sophisticated trading platforms
    - Range of trading instruments
    - Tight spreads & reliable execution speeds
    - Low commission fees
    - Minimum $1 deposit
    - Multiple account funding options
    - No deposit/withdrawal fees
    - Powerful trading tools
    - Discounted VPS
    - PAMM/MAM
    - Excellent customer support
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  • Fusion Markets
  • Australia
  • Regulation ASIC, VFSC
  • Founded 2017
  • Max Leverage 500
  • Min Deposit $1
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Forex.com Review
Forex.com Review
Comment
★ 3.8 / 5
Forex.com
  • Max Leverage 50 Min Deposit $50
  • - Welcome Bonus - receive a 20% bonus on the amount you fund, Max bonus $5000
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  • Forex.com
  • 135 US Hwy 202/206, Bedminster, NJ 07921, USA
  • Regulation FCA, FCM, FRFED, CFTC, NFA, IIROC, FSA, CIMA
  • Founded 2001
  • Max Leverage 50
  • Min Deposit $50
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Free Bonus
Admiral Markets Review
Admiral Markets Review
Comment
★ 3.8 / 5
Admiral Markets
  • Max Leverage 500 Min Deposit $1
  • - Regulated in multiple jurisdictions
    - Commission free accounts
    - Tight spreads & rapid trade execution speeds
    - User-friendly trading platforms
    - Advanced trading tools
    - 4,000+ CFDs on currencies, energies, metals, agricultures, indices, bonds, ETFs & stocks
    - 4,500+ single shares and ETFs
    - MetaTrader Supreme Edition
    - Premium Analytics
    - Minimum $1 deposit
    - Islamic accounts
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  • Admiral Markets
  • Australia, United Kingdom, Cyprus, Estonia
  • Regulation ASIC, FCA, EFSA, CySEC
  • Founded 2001
  • Max Leverage 500
  • Min Deposit $1
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Darwinex Review
Darwinex Review
Comment
★ 3.7 / 5
Darwinex
  • Max Leverage 200 Min Deposit $500
  • - Advanced trading platforms
    - Various funding methods
    - Tight spreads, low fees & quick execution speeds
    - Strict regulation
    - FSCS insurance
    - Segregated accounts
    - Social trading
    - DARWINs
    - Direct market access (DMA)
    - FIX API
    - Free tick data
    - No US clients
    - Limited educational material
    - Minimum $500 deposit
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  • Darwinex
  • United Kingdom
  • Regulation FCA
  • Founded 2012
  • Max Leverage 200
  • Min Deposit $500
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Dukascopy Review
Dukascopy Review
Comment
★ 3.7 / 5
Dukascopy
  • Max Leverage 200 Min Deposit $100
  • - Equity Bonus - 10% Bonus of the account equity for self trading accounts.
    - Volume trading commission discount program - 20% discount on volume trading commissions (here-after the "Discount").
    - Celebrating its 11-year anniversary - get 100% Bonus of the account equity.
    - Refer your friend - 100% discount for your future trading commission till the full amount of the discount (100 USD) is reached
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  • Dukascopy
  • ICC, Entrance H, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland
  • Regulation FINMA, FSA
  • Founded 2004
  • Max Leverage 200
  • Min Deposit $100
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TrioMarkets Review
TrioMarkets Review
Comment
★ 3.6 / 5
TrioMarkets
  • Max Leverage 500 Min Deposit $500
  • - TrioMakets Refer a Friend - 10% of overall attracted investment
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    Free Bonus
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  • TrioMarkets
  • BENOR CAPITAL LIMITED Registered Office 5th Floor The Core 62 Ebene Cybercity 72201, Mauritius
  • Regulation CySEC, FSC
  • Founded 2014
  • Max Leverage 500
  • Min Deposit $500
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IFC Markets Review
IFC Markets Review
Comment
★ 3.6 / 5
IFC Markets
  • Max Leverage 30 Min Deposit $1
  • - Strict regulation for EU operations
    - Advanced proprietary platform
    - Portfolio quoting methods & synthetic instruments
    - Education center
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  • IFC Markets
  • Cyprus
  • Regulation CySEC, BVI FSC
  • Founded 2006
  • Max Leverage 30
  • Min Deposit $1
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Trader's Way Review
Trader's Way Review
Comment
★ 3.6 / 5
Trader's Way
  • Max Leverage 1000 Min Deposit $10
  • - Tight spreads, low commission fees & rapid execution speeds
    - Easy to use trading platforms
    - Multiple account funding options
    - Electronic communication network (ECN)
    - Fixed & variable spread accounts
    - Commission free accounts
    - Free VPS
    - QuickDeal Tool
    - FxWire Pro Newsfeed
    - Webinars
    - Islamic accounts
    - 24-hour customer support
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  • Trader's Way
  • Dominica
  • Founded 2011
  • Max Leverage 1000
  • Min Deposit $10
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NSBroker Review
NSBroker Review
Comment
★ 3.6 / 5
NSBroker
  • Max Leverage 100 Min Deposit $250
  • - Various trading instruments
    - No fee payment
    - Modern trading platform
    - Firm legalisation and customer protection
    - Good customer care
    - Regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA)
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  • NSBroker
  • Malta
  • Regulation Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA)
  • Founded 2011
  • Max Leverage 100
  • Min Deposit $250
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Justforex Review
Justforex Review
Comment
★ 3.5 / 5
Justforex
  • Max Leverage 3000 Min Deposit $1
  • - Supports social trading
    - Selection of training articles are provided on the website
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  • Justforex
  • St. Vincent and the Grenadines
  • Regulation FSA
  • Founded 2012
  • Max Leverage 3000
  • Min Deposit $1
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BDSwiss Review
BDSwiss Review
Comment
★ 3.5 / 5
BDSwiss
  • Max Leverage 500 Min Deposit $100
  • - Multiple regulations, Worldwide coverage through entities in the US and Cyprus
    - Commission-free trading available.
    - Access to raw spreads available.
    - Choice between MT4, MT5 and Proprietary platform
    - Free VPS
    - Well customer support
    - Live Webinars by Professional Traders and Market Analysts
    - VIP Trading Alerts by Professional Traders
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  • BDSwiss
  • Apostolou Andrea Street 11, Hyper Tower, Limassol, Cyprus
  • Regulation CySEC, NFA, FSC, FSA, BaFin
  • Founded 2012
  • Max Leverage 500
  • Min Deposit $100
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Global Prime Review