Forex Broker Reviews

The Forex, FX or Currency Market is a global decentralized foreign exchange that allows to trade currencies that determines the exchange rate. Means all trading is conducted electronically while transactions performed via networks between the participants and traders around the world 24/5 across the financial sessions at every time zone.

  • Forex Trading is the largest and the most liquid instrument worldwide with an average volume of around $2.4 trillion per day. That is done because the currencies need to be exchanged in order to enable conversion and assist in international businesses.
  • The main participants of Forex are international banks that work through financial institutions, the banks that are turned into the financial firms with involved large quantities of forex exchange known as dealers. All together it creates an interbank market that operates very large amounts daily.
  • The currencies are always traded in pairs, thus there is no absolute but a relative value through the market price of the particular currency.

Currently, the number of Forex Trading Brokers increases daily, while more and more retail traders joining the markets and showing the rapid growth of the segment.

Typically exchanges are traded in an over the counter model where brokers negotiate one with another. Therefore, there are two types of FX Brokers the one operating as an agent by seeking the best price in the market for a retail order or the dealers that are principals in the transaction and quote the price to deal with.

Last but not the least is the Broker’s regulatory status, as in its growing demand it is a fact that only authorized, hence legit, Broker adheres to the best practices and provide safe regulated access to trade markets. Otherwise, you never know if you fall under fraudulent activity even though the offering may seem absolutely attractive.

Broker Detail
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
1
Alpari Review
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, FSCA
2
FXTM Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
xm.com_review XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, IFSC
4
XM Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
5
AvaTrade Review
GO Markets Review GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC
GO Markets Review
FBS logo FBS
Min. Deposit: 10 EUR
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: CySEC, IFSC
FBS Review
OctaFX
Min. Deposit: 100 EUR
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT5, cTrader
Regulation: CySEC
OctaFX Review
etfinance logo ETFinance
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: WebTrader, MT4
Regulation: CySEC
ETFinance Review
ROinvesting logo ROinvesting
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, WebTrader
Regulation: CySEC
ROinvesting Review