Find the best brokers to invest your funds with
Our reviews cover the most important information for every broker including spreads, banking, and regulation. All reviews are written by professional traders and aim to provide straight to the point information to both novice and advanced traders.
Factors Considered When Reviewing Brokers
Our team of experts carefully reviews any broker covered on our website, paying close attention to any detail related to the customers’ experience. Below, you can take a look at the components we make sure to review in every broker review on our website.
General Company Information
Doing a thorough background check is a key element of any proper trader’s research. We make sure to provide all important details about entities reviewed on our website, covering information such as the company’s establishment date, headquarters, field of operation, and short history.
Regulation
When choosing a Forex broker, traders must be certain they will be trading instruments with a reliable broker, regulated by top-tier authorities. We always provide detailed information on organizations regulating the services of a broker, providing license numbers that can be easily verified by our readers. You can also check our section where we have reviewed tier-1 regulators like CySEC (Cyprus), FCA (UK), ASIC (Australia), and more.
Cost of Trading
One key factor that any trader should consider before opening an account with a retail broker is the cost of trading offered by the entity. We make sure to cover the most recent spreads on major currency pairs and compare pricing across different account types supported by Forex brokers we review. We also compare spreads on major currency pairs across several competitors of every broker we have reviewed, giving you a clear idea of brokers offering the tightest spreads.
Commissions are also a type of fee that brokers may charge Forex traders to fulfill their orders. While many brokers will charge no commission on Forex trades made with a standard account, chances are, you will pay a small charge if you make use of a raw account with lower spreads. To make your decision easier, we have also covered several top-tier Forex brokers that offer some of the lowest trading costs. Our experts also make sure to cover any additional charges like swap fees, deposit/withdrawal surcharges, inactivity fees, etc.
Account Opening
To help you start your journey with any of the Forex brokers we have reviewed, we make sure to present in detail the account opening process. We will make sure to guide you through all of the steps required to open your trading account, paying special attention to the Know Your Customer (KYC) process, required by most regulated brokers.
Our broker reviews compare the different account types you can open with a broker, covering their spreads, commissions, supported platforms, and specific features. We also provide information on demo accounts, usually available at any reputable Forex broker.
Supported Markets and Platforms
Our reviews will provide detailed information on both Forex and other markets covered by retail brokers on our websites. The cost of trading, supported currency pairs, and ways to trade various instruments are points that we make sure to cover in all of our reviews. Supported trading platforms like MT4, MT5, cTrader, and more are also some of the key matters we focus on, letting our readers know which platforms can be accessed during their Forex session with a broker.
Supported Payment Methods
Since funding is a key process of your trading experience, we also provide details on various payment solutions available at each Forex broker we have reviewed. It is important to keep in mind that some options we have listed may not be available to you due to country restrictions. That said, we make sure to provide minimum deposit and withdrawal limits, fees linked to payments, and restrictions that come with certain banking methods.
Customer Reviews
Since our team truly cherishes our readers’ opinions, we make sure to rank brokers based on the feedback of real traders. We also strive to keep you up to date with the current Trustpilot score of each Forex broker, making sure we update the ratings of all brands we have reviewed regularly.
If you want to leave us your feedback on any broker reviewed on our website, you can contact our dedicated support team. If you have any complaints about a broker or the official regulator overseeing financial activities within your country of residence, you can head to the official website of the respective regulator and file a complaint report. For UK traders, there is the official FCA website that provides detailed information on how to file such complaints. You can also report misconduct to ASIC here, or file a complaint to CySEC if this is the regulatory body within your region.