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
CharterPrime logo CharterPrime
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: FSP
 CharterPrime Review
FXGM logo FXGM
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: WebPROfit
Regulation: CySEC
 FXGM Review
CommSec logo CommSec
Min. Deposit: 500 US$
Max. Leverage: 1:500
Trading Platforms: CommSec, CommSecIRESS
Regulation: ASIC
 CommSec Review
Synergy FX
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC
 Synergy FX Review
MultiBank Exchange Group logo MultiBank Exchange Group
Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5
Regulation: ASIC, BaFin, RAK
 MultiBank Exchange Group Review
Just2trade logo Just2Trade
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, CQG
Regulation: CySEC
 Just2Trade Review
Goldwell Capital
Min. Deposit: -
Max. Leverage: 1:200
Trading Platforms: MT4
Regulation: SECC
 Goldwell Capital Review
TriumphFX logo TriumphFX
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4
Regulation: CySEC
 TriumphFX Review
FXFlat logo FXFlat
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, AgenaTrader
Regulation: BaFIN
 FXFlat Review
MEX Exchange logo MEX Exchange
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: ASIC
 MEX Exchange Review