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.

  • The Forex Trading is the largest and the most liquid instrument worldwide with 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 Broker increases daily, while more and more retail traders joining the markets and showing rapid growing 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.

The 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 a 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
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, IFSC, FSCA
FXTM Review
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
Alpari Review
FPMarkets Logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC
FP Markets Review
xm.com_review XM.com
Min. Deposit: US$5
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, IFSC
XM.com Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 400:1
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
AvaTrade Review
etoro_review eToro
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: eToro Platform
Regulation: CySEC,FCA, ASIC
eToro Review
hycm-forex-broker HYCM
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FCA, CySEC, DFSA, CIMA
HYCM Review
Tickmill Broker review Tickmill
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, WebTrader
Regulation: FCA, FSA, CySEC
Tickmill Review
Markets.com Broker review Markets.com
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: Markets.com Web, MT5
Regulation: CySEC, ASIC, FSCA
Markets.com Review
XTB broker review XTB
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: MT4, xStation 5
Regulation: FCA
XTB Review