ABOUT US
“Welcome to our website, where you will find comprehensive information on some of the top Forex brokers in the industry. Our team of experts has carefully researched and reviewed each broker to ensure that they meet the highest standards of security, reliability, and customer service.
On our site, you will find detailed information on each broker, including their trading platforms, minimum deposit requirements, and the types of currency pairs they offer. We also provide ratings and reviews from real traders, so you can get a sense of what it’s like to work with each broker.
Our goal is to help traders make informed decisions when choosing a Forex broker. We understand that finding the right broker can be a daunting task, which is why we have done the hard work for you.
Thank you for visiting our site and we hope that you find it helpful in your search for a reputable Forex broker.”
FXCM Review Summary
FXCM is a UK-based broker offering forex and CFD trading. FXCM’s account opening process is straightforward, easy and fast. It has great technical research tools, including many technical indicators. The available educational content is high-quality. On the negative side, FXCM provides only CFDs (forex, indices, commodities, cryptos and shares), thus popular asset classes like real stocks or ETFs are missing. There is also a high fee for bank withdrawals. Lastly, the trading platforms don’t offer safer two-step authentication. BrokerChooser gave FXCM a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.4
Recommended for forex traders looking for easy account opening, funding and withdrawal
71% of retail CFD accounts lose money
FXCM Pros and Cons
FXCM main highlights
AvaTrade Review Summary
AvaTrade is a global forex and CFD broker. Account opening is easy and fully digital. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.43
Recommended for forex and CFD traders looking for an option to use MetaTrader platforms
AvaTrade Pros and Cons
AvaTrade main highlights
BlackBull Markets Review Summary
BlackBull Markets is a New Zealand-based forex broker. BlackBull Markets has low forex and CFD fees. The account opening is fast, fully digital and user-friendly. The trading experience is supported by great educational tools, including videos, texts and a demo account. On the negative side, there is a withdrawal fee. Research tools are basic and the Prime Account minimum deposit is high. BrokerChooser gave BlackBull Markets a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.4
Recommended for forex traders looking for low fees who prefer the MetaTrader platform
74-89% of retail CFD accounts lose money
BlackBull Markets Pros and Cons
BlackBull Markets main highlights
MultiBank Review Summary
MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia. MultiBank’s account opening is smooth and fast. From bank transfers to electronic wallets, you have many options for deposit and withdrawal, and they are all free of charge. Customer service gives quick and useful answers. On the negative side they have inactivity fee, MultiBank’s product portfolio is quite thin as it covers only forex, CFD and cryptocurrencies. Research and educational tools are also very basic. BrokerChooser gave MultiBank a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.3
Recommended for forex and CFD traders familiar with the MetaTrader trading platform
74-89% of retail CFD accounts lose money.
MultiBank Pros and Cons
AvaTrade main highlights
FXTRADING.com Review Summary
FXTRADING. FXTRADING.com has low forex fees. The account opening process is fast and simple, while the deposit and withdrawal process is user-friendly and free of charge. On the negative side, FXTRADING.com has a limited product portfolio covering only forex and CFDs. There is also no investor protection provided and we missed some research tools, like fundamental data. BrokerChooser gave FXTRADING.com a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.3
Recommended for forex traders who prefer the MetaTrader platform.
forex trading
Trusted broker
Regulated by top tier financial authorities
Popularity
398 people chose this broker in the last 6 months
BrokerChooser Score
4.3/5
74-89% of retail CFD accounts lose money.
FXTRADING.com Pros and Cons
FXTRADING.com main highlights
FBS Review Summary
FBS is a global CFD broker. FBS has low stock and stock index CFD fees and charges no inactivity fee. The account opening process is fast and simple, while deposits and withdrawals are free of charge and user-friendly. The customer service and education materials are excellent. On the negative side, FBS has a limited product portfolio covering only CFDs. There are only a few account base currencies, and there is no investor protection for non-EU clients. BrokerChooser gave FBS a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.3
Recommended for investors and CFD traders familiar with the MetaTrader trading platforms.
75.2% of retail CFD accounts lose money.
FBS Pros and Cons
FBS main highlights
FxPro Review Summary
FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. FxPro’s account opening process is fast, fully online, and user-friendly. FxPro has a well-performing customer service that provides fast and relevant answers and can be contacted in many languages. You can use a lot of options for deposit or withdrawal, and they’re free of charge. On the negative side, FxPro’s product portfolio is limited to forex and CFD. Non trading fees are average, there is also an inactivity fee that kicks in after 12 months of no trading. BrokerChooser gave FxPro a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform.
79.27% of retail CFD accounts lose money.
FxPro Pros and Cons
FxPro main highlights
FP Markets Review Summary
FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC. FP Markets offers low forex fees. You can be up and running quickly as both account opening and deposits are super easy and fast. There are several excellent educational tools, such as demo accounts and e-books. The product lineup at FP Markets is limited to forex, CFDs (equities, indices, metals) and cryptocurrencies. MetaTrader 4’s web and desktop trading platforms have an outdated design. The quality of research tools is uneven, especially when it comes to fundamental data, news or charting. BrokerChooser gave FP Markets a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms.
75.31% of retail CFD accounts lose money.
FP Markets Pros and Cons
FP Markets main highlights
Eightcap Review Summary
If fees are more or less your only concern when choosing a forex broker, Eightcap is definitely worth a try. Its forex fees are the lowest among Australia-based forex brokers, withdrawals are free, and there is no inactivity fee. Account opening is super fast, and the $100 minimum deposit is reasonable for a forex/CFD-only broker. As a plus, Eightcap offers a great lineup of crypto products, making up for a poor CFD selection and generally basic services when it comes to research, education or customer support. Like many of its peers, Eightcap uses the Metatrader platforms, including the improved MT5 for web trading and MT4 for mobile and desktop.
Rating : 4.2
Recommended for forex traders who prefer the MetaTrader platform.
74-89% of retail CFD accounts lose money.
Eightcap Pros and Cons
Eightcap main highlights
Eightcap Review HYCM
HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA. HYCM has low forex and CFD trading fees. It offers a wide selection of quality educational tools. The account opening is easy and fully digital. On the flip side, HYCM’s product portfolio is limited to forex and CFDs. Popular asset classes, such as real stocks, are missing. The broker uses MetaTrader trading platforms that have a slightly outdated design. Additionally, HYCM charges a $10 inactivity fee per month after 90 days of inactivity. BrokerChooser gave HYCM a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for forex and CFD traders who prefer the MetaTrader platform.
76% of retail CFD accounts lose money.
HYCM Pros and Cons
HYCM main highlights
ARMO Broker Review HYCM
ARMO Broker is a Germany-based global stockbroker for investors and traders. Thanks to its link to Interactive Brokers, ARMO Broker provides access to a wide range of products and offers several great research tools. Also, it has an easy-to-use and well-designed web trading platform. We recommend this broker mainly for advanced traders because the account opening process is complicated and the desktop trading platform is not so simple to use. In addition, the broker charges high fees for derivatives products, such as options and futures. BrokerChooser gave ARMO Broker a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for investors and traders from Europe interested in global markets.
ARMO Broker Pros and Cons
ARMO Broker main highlights
Rakuten Securities Review HYCM
Rakuten Securities is a forex and CFD broker regulated by Australia’s ASIC. Rakuten Securities doesn’t charge an inactivity fee, and account opening is easy and fast. In addition, the mobile platform is good, user-friendly and well-designed. On the negative side, Rakuten Securities only offers a limited range of products covering forex and some CFDs. There is no web trading platform and customer support is poor, as it’s reliable only by email. BrokerChooser gave Rakuten Securities a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for forex traders looking for low fees and those who prefer the MetaTrader 4 trading platform.
74-89% of retail CFD accounts lose money.
Rakuten Securities Pros and Cons
Rakuten Securities main highlights
Vantage Review HYCM
Vantage FX is a forex and CFD broker regulated by the Cayman Islands, Australian financial authorities and the Vanuatu Financial Services Commission. Vantage’s non-trading fees are very favorable (e.g. there is no inactivity fee). Opening an account at Vantage is a very rewarding experience as the process is super fast (less than 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options and most are free of charge. On the negative side, the product portfolio at Vantage is rather limited as the broker only offers forex and some CFDs to trade. Customer service could be better, especially the relevance of email responses. Lastly, Vantage provides investor protection only in the UK. BrokerChooser gave Vantage a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.2
Recommended for forex and CFD traders familiar with the MetaTrader trading platforms.
74-89% of retail CFD accounts lose money.
Vantage Pros and Cons
Vantage main highlights
VT Markets Review HYCM
VT Markets is a forex and CFD broker regulated by the Cayman Islands and Australian financial authorities. VT Markets has low trading fees, the account opening process is fast and simple, while email and live chat support are above average. On the negative side, VT Markets has a limited product portfolio covering only CFDs and forex. Its educational tools could also be improved, and there is no investor protection. BrokerChooser gave VT Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.1
Recommended for forex traders familiar with the MetaTrader trading platforms
VISIT BROKER
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74-89% of retail CFD accounts lose money.
VT Markets Pros and Cons
VT Markets main highlights
GO Markets Review HYCM
GO Markets is a forex and CFD broker. GO Markets has low forex fees and favourable non-trading fees. The account opening process is fast and fully digital. The broker offers great educational tools including forex courses. On the flip side, the product portfolio at GO Markets is limited as the broker mainly offers forex and CFDs. We received slow or no answers on email and live chat to our inquiries. There is no investor protection for non-EU clients. BrokerChooser gave GO Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.1
Recommended for forex traders who like the MetaTrader platform.
62% of retail CFD accounts lose money.
GO Markets Pros and Cons
GO Markets main highlights
Moneta Markets Review HYCM
Moneta Markets is a global forex and CFD broker. Moneta Markets has low forex fees and non-trading fees are also very favorable (for example, there is no inactivity fee). Opening an account at Moneta Markets is a very rewarding experience as the process is super fast (less than 5 minutes) and fully digital. The broker also offers a great variety of deposit and withdrawal options, most of which are free of charge. On the negative side, the product portfolio at Moneta Markets is rather limited as the broker only offers forex and some CFDs. Additionally, stock CFD fees are quite high and there is no investor protection provided. BrokerChooser gave Moneta Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.1
Recommended for forex and CFD traders familiar with the MetaTrader trading platforms.
74-89% of retail CFD accounts lose money.
Moneta Markets Pros and Cons
Moneta Markets main highlights
CapTrader Review HYCM
CapTrader is a Germany-based global stockbroker for investors and traders. CapTrader has low stock and ETF fees. Thanks to its link to Interactive Brokers, CapTrader covers a vast range of markets and products, and offers a multitude of great research tools on its sophisticated trading platforms. Partly because of that, though, we recommend this broker mainly for advanced traders, as the account opening process is complicated and the desktop trading platform isn’t the most simple to use. Among other drawbacks, most users can only make deposits and withdrawals via bank transfer. BrokerChooser gave CapTrader a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.1
Recommended for investors and traders looking for low fees and sophisticated trading platforms.
CapTrader Pros and Cons
CapTrader main highlights
Trade Nation Review HYCM
Trade Nation is a UK CFD and forex broker. Trade Nation’s account opening is fully digital with no minimum deposit and free withdrawal. Customers have access to excellent research and education tools. Customer support is great. Trade Nation’s product portfolio is slim. There is no live chat, only a chatbot. The desktop trading platform lacks safer login options. BrokerChooser gave Trade Nation a 4.0/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Rating : 4.0
Recommended for spread, forex and CFD traders looking for a great trading platform and quality customer service.
81.3% of retail CFD accounts lose money.
Trade Nation Pros and Cons
Trade Nation main highlights