Find a reliable forex broker with our expert reviews. Compare leverage, spreads, regulation, trading platforms and minimum deposit side by side — protect your money and make smarter trading decisions.
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DB Investing lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full DB Investing review →TradeEU lists leverage of —, spreads from — and a minimum deposit of $250. Trading runs on Web Trader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full TradeEU review →DIDIMAX lists leverage of —, spreads from — and a minimum deposit of $1000. Trading runs on MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, MT5 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full DIDIMAX review →LCM FX lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, MT5 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full LCM FX review →JM Trade lists leverage of —, spreads from — and a minimum deposit of $250. Trading runs on MT4 for PC, MT4 for Mac, MT4 for iOS, MT4 for Android, MT4 WebTrader, MT5 for PC, MT5 for Mac, MT5 for iOS, MT5 for Android, MT5 WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full JM Trade review →SmartFX lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on MetaTrader5, cTrader, MT5 WebTerminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, MT5 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full SmartFX review →ZES Forex lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on SIRIX Webtrade, MT5 for PC, MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, MT5 for Android, MT5 for iPhone, MT4 for Android, MT4 for iPhone. MT5 for Android, MT5 for iPad, MT4 for Android, MT4 for iPad. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full ZES Forex review →MarketFXM lists leverage of —, spreads from — and a minimum deposit of $200. Trading runs on MT5 for PC, MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, MT5 for Android, MT5 for iPhone, MT4 for Android, MT4 for iPhone. MT5 for Android, MT5 for iPad, MT4 for Android, MT4 for iPad. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full MarketFXM review →Capitality lists leverage of —, spreads from — and a minimum deposit of $500. Trading runs on MetaTrader4, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Capitality review →Areatrading lists leverage of —, spreads from — and a minimum deposit of $250. Trading runs on Web Trader and Moreminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Areatrading review →Quantic Venture lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based and More. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Quantic Venture review →STARTRADER lists leverage of —, spreads from — and a minimum deposit of $50. Trading runs on MetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader). Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full STARTRADER review →Hextra Prime Asia lists leverage of —, spreads from — and a minimum deposit of $15. Trading runs on MetaTrader4, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Hextra Prime Asia review →XProMarkets lists leverage of —, spreads from — and a minimum deposit of $50. Trading runs on MetaTrader4, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full XProMarkets review →SafeCryptoWorld lists leverage of —, spreads from — and a minimum deposit of $10,000. Trading runs on SafeCryptoWorld WebTrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full SafeCryptoWorld review →SNOW-TRADE lists leverage of —, spreads from — and a minimum deposit of . Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full SNOW-TRADE review →HedgeStone Assets lists leverage of —, spreads from — and a minimum deposit of $5000. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full HedgeStone Assets review →TCN MARKETS lists leverage of —, spreads from — and a minimum deposit of $1000. Trading runs on TCNMarket Trading Platform. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full TCN MARKETS review →TradeCFD24 lists leverage of —, spreads from — and a minimum deposit of . Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full TradeCFD24 review →IB-Finanzas lists leverage of —, spreads from — and a minimum deposit of $500. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full IB-Finanzas review →XBTrade lists leverage of —, spreads from — and a minimum deposit of $10,000. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full XBTrade review →Invest Corp lists leverage of —, spreads from — and a minimum deposit of $250. Trading runs on MetaTrader for Android, iOS, Windows, and MAC. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Invest Corp review →Smart Multiple Options Inc. lists leverage of —, spreads from — and a minimum deposit of $100. Trading runs on Web Trading and SM Option trading platform. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Smart Multiple Options Inc. review →EEN Market Group lists leverage of —, spreads from — and a minimum deposit of . Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full EEN Market Group review →Belcher Investments Markets Ltd lists leverage of —, spreads from — and a minimum deposit of $500. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Belcher Investments Markets Ltd review →Black Gate Broker LLC lists leverage of —, spreads from — and a minimum deposit of $0. Trading runs on MetaTrader5. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Black Gate Broker LLC review →Cryckers lists leverage of —, spreads from — and a minimum deposit of $500. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Cryckers review →Fx24trade lists leverage of —, spreads from — and a minimum deposit of . Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full Fx24trade review →PromarketsFX lists leverage of —, spreads from — and a minimum deposit of $500. Trading runs on Web Trading. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full PromarketsFX review →METAfmi lists leverage of —, spreads from — and a minimum deposit of . Trading runs on METAfmi webtrader. Regulation status on file: No regulation listed. Because no valid licence is listed, treat this broker as high risk and test with a small amount first.
Read the full METAfmi review →No broker matches this filter. Try another search.
* Spreads and leverage are the lowest/highest figures advertised by each broker and can vary by account type and instrument. A red label means no valid licence is listed — trade with extra care.
A good broker keeps your money safe, executes orders fairly and lets you withdraw without problems. Use these eight checks before you open a live account.
Copy the licence number from the broker's footer and search it on the regulator's public register. The company name and web address must match. A licence you cannot verify is not a licence.
Look for segregated client accounts at a major bank and negative balance protection, so you can never lose more than your deposit.
Add the spread and the commission together. A "0.0 pip" account with $7 commission per lot can cost more than a 1.0 pip account with no commission.
High leverage magnifies losses as much as profits. Beginners are safer between 1:30 and 1:100, whatever maximum the broker advertises.
Make a small deposit, trade briefly and request a withdrawal. Fast, fee-free withdrawals are the clearest sign of a trustworthy broker.
Open a free demo on MT4, MT5 or cTrader and check execution speed, slippage and how the charts work on your phone.
Ask a specific question about fees or regulation. Quick, clear answers in your language show how the broker will treat you when something goes wrong.
Check the trading volume needed, the time limit and the maximum withdrawable profit. A bonus that locks your own deposit until you trade huge lots is a reason to say no.
Every broker on this page is scored on the same five areas. The editor rating (1–5 stars) is a weighted average, so a broker cannot score high on low spreads alone.
Where a broker is licensed decides how much protection you get. Top-tier regulators cap leverage and offer compensation schemes; offshore regulators allow high leverage but give far less protection.
| Regulator | Country | Tier | Retail leverage (majors) | Investor compensation |
|---|---|---|---|---|
| FCA | United Kingdom | Tier 1 | Up to 1:30 | FSCS, up to £85,000 |
| CySEC | Cyprus (EU) | Tier 1 | Up to 1:30 | ICF, up to €20,000 |
| ASIC | Australia | Tier 1 | Up to 1:30 | No forex compensation fund |
| FSA | Seychelles | Offshore | No fixed cap (often 1:1000+) | None |
| VFSC | Vanuatu | Offshore | No fixed cap | None |
| SVG FSA | St Vincent & the Grenadines | Registration only | Not supervised | None |
Send your orders to liquidity providers. Spreads can start from 0.0 pips with a commission per lot. Best for scalpers, EAs and active traders.
Take the other side of your trade. Fixed or wider spreads, usually no commission and small minimum deposits. Suits beginners and small accounts.
See STP/ECN brokers →A forex broker review is an independent check of a broker's regulation, leverage, spreads, trading platforms, minimum deposit, deposit and withdrawal methods and customer support. It helps you decide whether a broker is safe and suits your trading style before you open a live account.
Find the licence number on the broker's website, then search for it on the regulator's own public register (for example the FCA, CySEC, ASIC or the Seychelles FSA). The company name, website and licence number on the register should match the broker exactly.
Lower leverage is safer for most traders. High leverage such as 1:1000 or more lets you open bigger positions with less margin, but it also makes losses grow just as fast. Many regulators limit retail leverage to 1:30 for major currency pairs for this reason.
Many brokers in our list accept a first deposit of $50 to $250, and some start from $15. Start with an amount you can afford to lose completely, and check withdrawal fees and minimums as well as the deposit limit.
Unregulated brokers are not supervised by any authority, so there is no protection if they refuse withdrawals or close down. We label these brokers clearly in red. Prefer licensed brokers, and if you do test an unregulated one, use a small amount only.
The spread is the difference between the buy (ask) and sell (bid) price. It is the main trading cost. A spread of 0.0 pips usually comes on raw or ECN accounts, which charge a separate commission per lot.
MetaTrader 4 is simple and has the most indicators and expert advisors. MetaTrader 5 adds more timeframes, more markets and a built-in economic calendar. cTrader offers a modern interface and transparent ECN-style pricing. Most brokers let you try all of them on a free demo.
We review broker data regularly and update leverage, spreads, deposits and regulation whenever a broker changes its conditions. If you spot outdated information, contact us and we will check it.
Risk warning: Trading forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. Broker information on this page is collected from the brokers and may change; always confirm conditions on the broker's own website. Some links are sponsored.
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