|Rank||Broker Name||Trust Score||Reviews|
|1||XM||99 / 100||XM Reviews|
|2||HotForex||94 / 100||HotForex Reviews|
|3||Plus500||89 / 100||Plus500 Reviews|
|4||FXGlobe||88 / 100||FXGlobe Reviews|
|5||InstaForex||80 / 100||InstaForex Reviews|
Top forex brokers reviewed & rated
The table above represents our top 5 rated forex brokers for overall performance. We review and rate each forex broker through a manual process and also allow our users to submit their own reviews. We only list regulated forex brokers on our website.
New to forex trading? Your journey starts here
Start your forex trading career on the right foot. Avoid confusion and don't dive in! Forex trading is very challenging and definitely not a get rich quick scheme.
It's also extremely rewarding and you will experience a great sense of satisfaction when you are able to profit from the forex market.
We recommend new traders at the very least read our forex trading survival guide which sums up in a nutshell what you are in for.
We've spent our time to put together a list of the best forex brokers for many different categories which mean you can find the best forex broker for your particular needs.
Unbiased reviews you can trust
Looking for the best forex broker? Look no further. We aim to help you make the right decision by providing you with up to date information on our database of forex brokers. Our reviews are written by forex traders just like you and every claim is verified. After all, the Internet can be a place with a lot of false information. Our rules are simple and make it fair for both traders and the forex brokers.
Our simple rules
- Every forex broker on this website must be regulated / hold a license
- Every complaint by a user must be verified (must provide a user ID)
- Forex brokers have the right to respond
- Any deliberate attempt to manipulate or deceive users will result in immediate blacklisting
A lot of forex broker comparison websites tend to recommend the ones that are paying them the most money. We earn advertising and affiliate revenue, but that doesn't stop us from delivering unbiased opinions on our website.
Quick tips on finding the best forex broker
Although every trader has different ideas on what defines a top forex broker, we are certain that the majority would agree that the safety of their funds is the most important. There have been too many cases where traders have either lost their money or found it extremely difficult to withdraw their own funds. A lot of these issues occur with forex brokers who are unregulated. This means, they are not licensed by a reputable financial regulator. We strongly advise against opening an account with any unregulated forex broker, no matter how good they may sound or sell themselves to be. A lot of them offer very enticing sign up bonuses which they can afford to do because they never intend on letting you withdraw your money!
The top forex brokers in the world are often regulated in multiple countries, most commonly Australia and The United Kingdom. Cyprus is another popular country for regulation.
If we were only allowed to provide 1 piece of advise on choosing a forex broker, we would say go with a broker who is regulated in either the UK, Australia or both would be ideal. These are reputable countries where English is the primary language and thus it would be easy to communicate with them.
Compare Forex Brokers
When it comes to comparing forex brokers, there are quite a lot of factors that you could compare. We'll list the most common comparison points below:
- Regulatory information
- Support methods and languages
- Banking methods
- Sign up and ongoing bonuses
- Trading platforms
- Types of accounts
With the major comparisons above and many more, it quickly becomes a difficult task to really put brokers side by side and make a decision. Our rankings system should help you narrow down your selections. We have a rankinkg list for different categories, as well as our own scoring system whereby we start each broker at 100 points and subtract points based on features that they don't have that we would expect a top forex broker to have. Access our forex broker rankings for more information.
Forex brokers who are listed on our website must be regulated with at least one regulatory body. Click here for a full list.