INVESTING

Forex Brokers

Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company

PROS:
  • Over 26,000 tradable assets available.
  • Low minimum deposits starting at $30.
  • Access to advanced TradingView analytics with up to 25 indicators per chart.
  • Multiple account types including ECN & Raw spreads.
  • Copy/social trading via proprietary system.
CONS:
  • Offshore regulation may provide less investor protection than top-tier jurisdictions.
  • No swap-free or Islamic account options offered.
  • Headquarters location not publicly listed for transparency-seekers.
  • Limited details on withdrawal/deposit fees upfront.
  • No explicit mention of inactivity or maintenance fee structure.
PROS:
  • Multiple account options from STANDARD to institutional-grade Custom Account.
  • Access to over 71,000 tradeable products across forex, metals, indices CFDs & energies.
  • Supports advanced charting tools & algorithmic trading through MetaTrader 5.
  • Wide range of payment methods: bank transfers, cards, e-wallets & crypto payments.
  • Free demo accounts for risk-free strategy testing.
CONS:
  • Offshore registration means limited regulation compared to FCA or CySEC brokers.
  • User feedback highlights platform instability and poor ease-of-use experience.
  • Lack of clarity around commissions/fees and execution model details.
  • Customer support reported as inconsistent and sometimes unresponsive.
  • No proprietary innovations beyond what the standard MT5 platform offers.
More details +
PROS:
  • Supports eight base currencies including Bitcoin.
  • MetaTrader 5 available on all major devices.
  • Offers automated trading and copy/social trading features.
  • Low starting deposit from $50 with tiered accounts up to VIP level.
  • Real-time market sentiment tools powered by Acuity Trading integration
CONS:
  • Not regulated by top-tier jurisdictions such as FCA or ASIC.
  • Customer support limited primarily to email; no live chat or phone lines stated.
  • Inactivity fees apply after one year of dormancy.
  • U.S., Canadian, EU (Belgium), Indian & certain other residents cannot open accounts.
  • Withdrawal fees range up to 2% based on payment method used.
PROS:
  • Ultra-low minimum deposit starting at $5.
  • Raw spreads as tight as 0.0 pips.
  • Advanced platform options: MetaTrader 4 & MetaTrader 5.
  • Full Expert Advisor (EA) compatibility for automated trading.
  • Multilingual customer service available via multiple channels
CONS:
  • Not available to clients in the USA, Cuba, or North Korea.
  • Highest investor protections apply only under EU-regulated entities.
  • Leverage up to 1:1000 may be risky for inexperienced traders.
  • Withdrawal fees vary depending on payment method used.
  • Options trading is not supported.
PROS:
  • Supports both MetaTrader 4 & MetaTrader 5 plus browser-based WebTrader.
  • Over 1,000 instruments (forex, metals, commodities, stocks, indices & crypto).
  • Algorithmic/automated trading available via EAs and API integration.
  • Multilingual customer support covering Asian/Global languages.
  • Negative balance protection provided on all accounts.
CONS:
  • Overseen solely by Vanuatu FSC; not top-tier regulated.
  • No publicly verified fund segregation or advanced security disclosures.
  • Inactivity fee applies after six months ($10/month).
  • Some promotional conditions may be restrictive—review T&Cs carefully.
  • Proprietary charting tools are limited to what’s standard on MT4/MT5.
Orbex is a regulated online Forex & CFD broker (est. 2011) that offers MetaTrader 4/5, up to 1:500 leverage, account minimums from USD 100 and a tiered account structure to suit beginners through professionals.
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Trust & Regulatory Status
3.3
Tradable Instruments
4.1
Fees
4.4
Account Types
4.1
Platform and Tools
4
Deposit and Withdrawal
4.5
Customer Support
3.9
Research and Education
4.3
Mobile Trading
3.9
Security
4.4
PROS:
  • Orbex offers a regulated environment with multiple licences (CySEC, FSC) which helps bolster credibility and trader safety.
  • The broker provides access to popular platforms (MetaTrader 4 and 5), facilitating ease of use for many traders.
  • The account structure allows low minimum deposit entry (from USD 100) making it accessible for beginners.
  • Tight spreads (in certain account types starting from 0.0 pips) and high leverage (up to 1:500 for eligible clients) are attractive features.
  • The presence of added-value services — such as VPS, research tools (Trading Central), and educational resources — improves the user experience for both novice and advanced traders.
CONS:
  • While Orbex claims global reach, some geographies are restricted (see later section) and not all account types may be available.
  • The best spread conditions and commissions apply only in higher-tier accounts (e.g., Premium/Ultimate) which require larger deposits; this may limit value for smaller traders.
  • Some third-party reviews highlight that the broker lacks certain features (e.g., copy-trading/social trading) and that customer support performance has mixed ratings.
PROS:
  • Regulated by the UK Financial Conduct Authority (FCA) for strong client safety.
  • Offers MetaTrader 4/5 and proprietary KimuraTrader platform—available on desktop and mobile.
  • Advanced algo-trading support with API access; full compatibility with EAs/scripts.
  • Over 200 assets: forex pairs, stocks, indices, commodities, bonds, ETFs & cryptocurrencies.
  • Integrated loyalty program rewards active traders with spread reductions and exclusive benefits.
CONS:
  • Inactivity fee of $10/month after six months if balance is under $100.
  • International bank withdrawals incur a fixed $25 fee per transaction.
  • Credit/debit card deposits attract a 2.5% processing fee.
  • Restricted in several major countries including US and Japan due to regulations.
  • Currency conversion fees apply outside base USD/EUR/GBP/JPY/AUD/CAD/CHF pairs.
PROS:
  • Competitive variable spreads starting from zero pips.
  • Access to over 80+ trading instruments including major currency pairs and digital assets.
  • Supports advanced algorithmic trading (EAs) through MT4 & MT5 platforms.
  • Zero charges on deposits or withdrawals; multiple fast payment methods available.
  • Free demo accounts and swap-free (Islamic) account types provided.
CONS:
  • No FCA/ASIC top-tier regulatory license; limited investor protection measures.
  • Scalping strategies strictly prohibited by policy.
  • Reports of mixed user experiences regarding withdrawal processing times.
  • Inactivity fee of $15/month applies after six months without trades.
  • Restricted access for residents in the EU region, USA, Canada, Belgium, India, Russia.
PROS:
  • Regulated by FSC Mauritius for added trust.
  • Zero minimum deposit on LX-Standard/LX-Prime/Cent accounts.
  • Full support for MetaTrader 4 & 5 plus mobile/web app.
  • Over 140 trading symbols including forex pairs and crypto CFDs.
  • Features negative balance protection, demo environments & Islamic account access.
CONS:
  • High leverage (up to 1:2000) increases risk exposure if unmanaged.
  • Inactivity fee of $50/month after 90 days without activity applies.
  • $35 withdrawal fee for bank wire transfers may deter smaller payouts.
  • Certain regions (including USA/Russia/Japan) are restricted from opening accounts.
  • Professional-grade LX-PRO account requires a large $10,000 minimum deposit.
PROS:
  • Regulated by the Financial Sector Conduct Authority (FSCA), ensuring strong client protection.
  • Supports USD, EUR, GBP, and other major currencies for flexible funding.
  • Advanced algorithmic trading capabilities with API access for full automation.
  • Wide range of assets: equities, derivatives, bonds, ETFs, commodities & cryptocurrencies.
  • No regular account maintenance fees when accounts are active.
CONS:
  • Minimum deposit requirement of ZAR 10,000 may be high for some beginners.
  • Slightly higher average forex spreads (1.5 pips) than sub-pip competitors.
  • Lacks support for popular retail trading platforms like MT4/MT5.
  • Currency conversion fees apply between 0.5%-2% on multi-currency accounts.
  • Negative balance protection details are unspecified.
Inefex is an online CFD trading platform operated by Novir Markets Ltd and based in Mauritius. It offers access to forex, stocks, commodities, indices and cryptocurrencies with a minimum deposit of approximately US$250 (or equivalent) and a maximum leverage of up to 1:400.
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Trust & Regulatory Status
4.3
Tradable Instruments
3.6
Fees
4.2
Account Types
4.3
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
5
Research and Education
5.6
Mobile Trading
6.4
Security
4
PROS:
  • Inefex offers a wide range of asset classes (forex, stocks, commodities, cryptocurrencies) via CFDs, which gives traders access to diverse instruments.
  • The minimum deposit (≈ €250) is moderate compared with many high-entry brokers.
  • How they tier account types: higher tiers offer tighter spreads (e.g., VIP: EUR/USD ~1.6 pips) which may benefit higher-volume traders.
  • The website states no deposit fees and, in some accounts, free withdrawals.
CONS:
  • Regulatory status is a key concern: although the broker claims a Mauritius FSC licence, external reviewers note that this is not equivalent to a “top-tier” regulator and verification is weak.
  • Numerous user complaints regarding withdrawal difficulties, unclear conditions and lack of transparency around account management.
  • The spreads for the entry-level account are relatively wide (e.g., EUR/USD ~3.0 pips) compared with some more established brokers.
  • The lack of publicly-available audited data (e.g., client numbers, regulatory disclosures) means that some traders may consider the broker higher-risk.
Errante is an online CFD and forex broker offering access to a wide range of asset classes including forex, commodities, indices, shares, and cryptocurrencies. With support for MT4, MT5, cTrader, and TradingView integration, Errante aims to serve traders of varying styles. It operates under dual regulation via Seychelles (FSA) and the EU (CySEC) entities. The broker promotes features such as copy trading, VPS support, and zero fees on deposits.
More details +
Trust & Regulatory Status
4.1
Tradable Instruments
3.1
Fees
4.4
Account Types
3.6
Platform and Tools
3.9
Deposit and Withdrawal
4.5
Customer Support
3.8
Research and Education
3.9
Mobile Trading
5.1
Security
4.7
PROS:
  • Multi-platform support with MT4, MT5, cTrader, and TradingView for flexible trading styles.
  • Offers over 120 instruments across forex, shares, commodities, indices, energies, and cryptocurrencies.
  • Low minimum deposit of USD 50 makes it accessible for beginners.
  • Supports copy trading, MAM, and PAMM accounts for managed or social trading strategies.
  • Provides zero deposit fees and quick crypto transaction processing.
CONS:
  • Operates under Seychelles regulation, offering limited investor protection.
  • Receives mixed user reviews citing withdrawal issues and poor support.
  • Average spreads and execution speed with occasional slippage.
  • Limited promotional offers available for CySEC-regulated clients.
  • Customer support and transparency issues reported by multiple users.
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