Forex Brokers reviews and ratings
Foreign exchange market, or commonly known as Forex, is the greatest financial market in the world with 5.5 trillion dollar daily transactions. Forex has many features such as high liquidity, 24 hour trading from monday to friday, leveraged accounts and so forth, which makes it very attractive in the eyes of traders around the globe. But in order to trade in forex, you must choose a brokers from the vast list of Forex brokers. A lot of forex brokers are not regulated and the capital you deposit in their account, will end up being taken away from you. Some of the forex brokers are not forthcoming about the details of their trading account and again, you might end up losing your money. There are lots and lots of reasons why you shouldn’t open a forex broker account by your own. The best way is to rely on a auditing company or a reviewing team, whom have tested different brokers and have tasted their ups and downs in real situations.
Our auditing team at ForexReviewGroup, with 12 years of experience, is constantly monitoring the best forex brokers available in today’s market, hence the forex broker reviews are being updated on a weekly basis. There is a comparison table at the end of this page with a list of forex broker reviews that you can take advantage of.
How to choose a forex broker?
After reading forex broker reviews down below, you might want to ask how should you choose a forex broker. Well, we have tried to present you with a breif guide on how to choose forex broker.
Choosing a forex broker based on regulation
If you are looking forward to choose a broker based on regulation, You should know, Not all regulators are of the same value. For example FCA which is located in England is far more reliable than CySec. and after these two, we have MiFiD and CFRIN which are pretty much the same for a trader. Also you should know that market real brokers are far more reliable than market maker brokers.
One of the key elements you should always consider when you want to choose a forex broker, is finding out if it’s regulated or not. If a forex broker is not regulated then leave it alone as soon as possible! After you have confirmed the broker’s regulation, it’s time to check out their spreads and commissions.
Choosing a forex broker based on spreads and commissions
It’s not the wisest thing to do, but you might want to choose a forex broker based on spreads and commissions. If you are willing to do this, then all you have to do is downloading the broker’s trading platform and review their trading costs on your own. Don’t believe what the broker tells you because it’s not always true!
choosing a forex broker based on trading account types
It’s always a good idea to work with a forex broker that has numerous trading account types such as standart account, micro account, zero account, pro account, ecn account and so forth.
Choose a good Forex broker based on trading technology
A forex broker could be a market maker or a market real, it could have trading desks or it could be NDD, it could have STP technology or not, it could be connected to 5 different liquidity providers or doesn’t have any at all, it could provide it’s traders fixed spreads or floating spread, it could let it’s traders scalp on their accounts or not, it could present you with high leverage or not and …. . So you as must compare them carefully to in order to choose a good forex broker.
Lucky for you, we have done all the hard work for you. All you have to do is reading the reviews we have provided down below and achieve great insights of trading with these forex brokers.
|Rank||Broker logo||Location & Regulation||Minimum Spreads||Maximum leverage||Rating|
|FSC & CySEC||From 0.0 pips||1:1000||9.8/10|
FBS Markets Inc.
|Belmopan, Belize (IFSC)||From 1 pips||1:1000||9.5/10|
|Limassol, Cyprus (CySEC)||From 0.0 pips||1:1000||9.1/10|
|Kingstown, St Vincent (CRFIN) , (CySEC)||From 0.1 pips||1:1000||8.9/10|
Hy Markets [UK] LTD.
|London, UK (FCA)||Fixed from 1.8 pips||1:300||8.6/10|
|Russia (RAFMM)||From 0.1 pips||1:1000||8/10|
Exness (Cy) Ltd.
|Limassol, Cyprus (CySEC)||From 0.1 pips||Infinity Leverage||7.9/10|
|Villa, St Vincent (KROUFR)||From 0.9 pips||1:1000||7.5/10|
FIBO Group, Ltd.
|Road Town, Tortola, BVI (FSC)||From 0.0 pips||1:400||7/10|
Windsor Brokers, Ltd.
|Limassol, Cyprus (CySEC)||Fixed From 2 pips||1:500||6.8/10|
|Dublin, Ireland (MIFID)||From 0.9 pips||1:400||6.5/10|