Forex BrokersForex 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.

RankBroker logoLocation & RegulationMinimum SpreadsMaximum leverageRating
1بررسی بروکر هات فارکسHotforex
‎FSC & CySECFrom 0.0 pips1:10009.8/10
2FBS logo
FBS Markets Inc.
Belmopan, Belize (IFSC)From 1 pips1:10009.5/10
3لوگوی بروکر فارکس تایم FXTM
FXTM Europe
Limassol, Cyprus (CySEC)From 0.0 pips1:10009.1/10
4alpari logo
Kingstown, St Vincent (CRFIN) , (CySEC)From 0.1 pips1:10008.9/10
5HyMarkets logo
Hy Markets [UK] LTD.
London, UK (FCA)Fixed from 1.8 pips1:3008.6/10
6liteforex logo
Lite Forex
Russia (RAFMM)From 0.1 pips1:10008/10
7exness logo
Exness (Cy) Ltd.
Limassol, Cyprus (CySEC)From 0.1 pipsInfinity Leverage7.9/10
8FreshForex logo
Fresh Forex
Villa, St Vincent (KROUFR)From 0.9 pips1:10007.5/10
9Fibo group logo
FIBO Group, Ltd.
Road Town, Tortola, BVI (FSC)From 0.0 pips1:4007/10
10Windsor broker logo
Windsor Brokers, Ltd.
Limassol, Cyprus (CySEC)Fixed From 2 pips1:5006.8/10
11Avatrade logo
Dublin, Ireland (MIFID)From 0.9 pips1:4006.5/10

LiteForex Review, pros and cons

LiteForex Review, pros and cons LiteForex is an up and coming Forex Broker that offers Forex trading in a straightforward and no-nonsense manner. The company has been offering it's services since 2005, and can Provide accounts with as little as

FXTM Review, should I open an account

FXTM Review ForexTime is one of the latest newcomers in the market that have managed to survive in this over-competitive market and fly above the good brokers. We have written this FXTM review so that you can get to know

HotForex Review, Pros and cons, Opening an account

HotForex Review, Pros and cons, Opening an account Hotforex broker is founded in 2010 but despite it's short life time among other Forex brokers, it has proven that age is not a matter when it comes to trustworthiness and reliability.

HY Markets Review

HY Markets Review While many firms do their best to impress you with their claims and purported benefits, there are a select few that already have the goods in house and have no need to go to great lengths to

InstaForex Review

InstaForex Review   InstaForex is a Russian ECN-broker operating on the Forex exchange market since 2007. InstaForex boasts more than 2 million traders from around the world with close to 1,000 clients opening new trading accounts every day. Their achievements

Exness Review

Exness Review Exness is an online Forex broker that was established in 2008 in St. Petersburg, Russia. Since then, this broker has grown from strength to strength. This is not surprising as the company is one of the rare breed

Windsor Brokers Review

Windsor Brokers Review Windsor Brokers, LTD, is a Forex broker offering trades on over 70 financial instruments including Forex, CFD’s and futures. Windsor Brokers is a regulated Cyprus Investment Firm supervised by the Cyprus Securities Exchange Commission (CySec) and is

Fibo Group Review

Fibo Group Review FiboGroup was founded in 1998, the company is regulated by The Financial Services Commission (FSC). They are one of the oldest brokers which provide marginal internet trading to their customers. You can trade forex, stocks, commodities and

Alpari review pros and cons

Alpari review Alpari Financial Services Ltd (Alpari) is one of the world’s leading independent forex broker that provides online trading services on the international currency market. It is part of the Alpari Family, a group of companies internationally recognized for

AvaTrade Review

AvaTrade Review Ava Capital Markets Ltd, which operates the AvaTrade platform, is a subsidiary of the financial holding company Ava Financial Ltd. The broker is located in Dublin, Ireland and is subject to the regulatory oversight of Irish authorities (MIFID)

FBS Review

FBS Review It is never easy to find a decent broker without risking lots of money for making accounts in different websites to test and check. But when you read our reviews, you will be directed to the trading platforms

FreshForex Review

FreshForex Review FreshForex, founded in 2004, is one of the leaders on the Forex market in Russia. Its head office is in St. Vincent and the Grenadines. The company provides access to Forex and CFD markets. It is licensed as