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Forex Brokers

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

The review evaluates JustMarkets, a forex and CFD broker, highlighting its competitive spreads, diverse account types, and robust customer support. It notes that JustMarkets offers a wide range of tradable instruments and supports multiple trading platforms, including MetaTrader 4 and 5. The review also discusses the broker's regulatory status and emphasizes its commitment to providing educational resources for traders.
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Trust & Regulatory Status
6
Tradable Instruments
7
Fees
8
Account Types
8
Platform and Tools
9
Deposit and Withdrawal
8
Customer Support
9
Research and Education
7
Mobile Trading
8
Security
8
PROS:
  • Regulatory Compliance: JustMarkets operates under multiple regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius. This multi-jurisdictional regulation enhances the broker's credibility and ensures adherence to international standards.
  • Low Minimum Deposit: With a minimum deposit requirement as low as $10, JustMarkets is accessible to traders with varying capital levels, making it particularly attractive to beginners.
  • High Leverage Options: The broker offers leverage up to 1:3000, allowing traders to control larger positions with a smaller capital outlay. This feature can amplify potential profits, though it also increases risk.
  • Diverse Trading Instruments: JustMarkets provides access to a wide range of trading instruments, including forex pairs, commodities, indices, shares, and cryptocurrencies, enabling traders to diversify their portfolios.
  • Flexible Trading Strategies: The broker supports various trading strategies, such as scalping, news trading, and the use of Expert Advisors (EAs), offering flexibility to traders with different approaches.
CONS:
  • Limited Regulation by Top-Tier Authorities: While JustMarkets is regulated by several authorities, it lacks oversight from top-tier regulators like the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), which may be a consideration for some traders.
  • Restricted Services in Certain Countries: The broker does not accept clients from the United States, United Kingdom, or Japan, limiting its accessibility to traders in these regions.
  • Inactivity Fees: JustMarkets charges an inactivity fee for accounts dormant over a specified period, which could affect traders who do not trade frequently.
  • Withdrawal Processing Times: Some traders have reported longer-than-expected withdrawal processing times, particularly for bank transfers, which can be inconvenient.
IG is a globally recognized online trading broker, established in 1974 and headquartered in London, UK. It offers access to over 17,000 markets, including forex, stocks, commodities, and cryptocurrencies. Regulated by top-tier financial authorities such as the FCA and ASIC, IG provides a secure trading environment with multiple platforms, including MT4, TradingView, and proprietary web and mobile apps. The broker is known for its advanced charting tools, weekend trading options, and extensive educational resources. While it features strong market access and investor protections, IG's fee structure can be complex, and it lacks MetaTrader 5 integration.
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Trust & Regulatory Status
9.5
Tradable Instruments
9
Fees
8.5
Account Types
8
Platform and Tools
8.5
Deposit and Withdrawal
8
Customer Support
8.5
Research and Education
9
Mobile Trading
8.5
Security
9
PROS:
  • Multi-Platform Flexibility: Six distinct trading platforms including web, mobile, MT4, Trading View, and advanced options like L2 Dealer, catering to different trading styles.
  • Weekend Trading Available: Unique offering of weekend trading on major forex pairs and indices, allowing traders to respond to off-hours events.
  • Tiered Protection System: Advanced security features including segregated client funds, FSCS protection up to £85,000, and negative balance protection for retail clients.
  • Deep Market Access: Trading available across 13,000+ shares, 80+ forex pairs, 35+ commodities, and multiple cryptocurrencies through a single account.
  • Multiple Regulatory Coverage: Regulated by 10+ major financial authorities (BMA, FCA, ASIC, JFSA, MAS, etc.), providing multi-layered oversight.
  • Flexible Chart Analysis: Ability to split charts up to four times to view different timeframes simultaneously on one screen.
  • No Minimum Deposit for Bank Transfers: Unlike many brokers, IG doesn't require minimum deposits when funding via bank transfer.
CONS:
  • Cost Structure Complexity: Different fee structures across platforms and products, with some requiring minimum activity to avoid charges.
  • Higher Fees on Certain Products: Some products have higher fees than competitors.
  • Regional Limitations: Product offerings may be limited based on location.
  • No MetaTrader 5 Integration: Offers only MT4, missing out on MT5's enhanced features.
  • Time-Based Support: Customer service is limited to Monday-Friday, which could be problematic for weekend traders.
In the vast landscape of brokers, one name stands out—Loyal Primus. Renowned for their unwavering commitment to clients and an unparalleled track record, Loyal Primus has earned a reputation as a trusted advisor and a beacon of reliability in the financial industry. But what truly sets them apart? What hidden gems lie beneath their impressive facade? This review will delve into the depths of Loyal Primus, revealing the secrets and unveiling the truth behind their success. Brace yourself, as this exploration will shine a light on Loyal Primus, their services, and everything you need to know. Prepare to be captivated as we uncover the inner workings of this remarkable broker.
 
More details +
Trust
2
Fees
5
Platforms and Tools
3
Customer Support
2
Tradeable Instruments
4
Account Types and Terms
3
Deposit and Withdrawals
4
Research and Education
3
PROS:
  • Availability of multiple account types
  • Access to the widely used MT4 trading platform
  • Tradable assets include currencies, commodities, and indices
CONS:
  • Lack of comprehensive trading resources and educational materials
  • Limited transparency regarding regulations
  • Insufficient information about deposit and withdrawal methods
  • Minimal customer support options
  • Absence of an FAQ section
More details +
Trust & Regulatory Status
7
Tradable Instruments
6.5
Fees
7.5
Account Types
6.5
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
6.4
Research and Education
6.5
PROS:
  • Regulated and licensed by reputable organizations.
  • Extensive trading resources and knowledge available.
  • Offers negative balance protection for clients.
  • Diverse deposit and withdrawal methods.
  • Commission-free products.
  • Website supported in Vietnamese 24/7.
CONS:
  • Only one type of trading account available, but it is not disclosed on the website.
  • Offers only Mitrade’s proprietary trading platform, lacking basic MetaTrader 4 and 5 platforms, which may pose challenges for many traders.
  • No promotional programs available.
  • Basic and limited range of trading products.
This review aims to uncover the truth about Vonway, a broker that claims to offer a wide range of services. We'll take a closer look at Vonway's features, trading platforms, and customer experience to separate fact from fiction. Stay tuned to get a comprehensive understanding of Vonway's capabilities and decide if it lives up to its promises.
More details +
Trust
2
Fees
5
Platforms and Tools
4
Customer Support
4.5
Tradeable Instruments
4
Account Types and Terms
3.5
Deposit and Withdrawals
4
Research and Education
3
PROS:
  • User-friendly interface
  • Offers a variety of trading instruments
  • Provides a 50% deposit bonus promotion
CONS:
  • Lacks explicit regulatory oversight
  • Limited educational resources
  • Absence of comprehensive customer support
  • Unclear information on regions of operation
In the labyrinth of online trading, every platform claims superiority. Among these, Trading Pro presents a portfolio of services, ranging from diverse account types to flexible transaction methods. However, with certain key aspects under the shroud of ambiguity, it provokes contemplation - Is Trading Pro a trusted choice for your financial endeavors? This objective review will present a clear picture, laying bare every essential detail about Trading Pro.
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Trust
4.5
Fees
5
Platforms and Tools
5
Customer Support
4.5
Tradeable Instruments
3.5
Account Types and Terms
7
Deposit and Withdrawals
4.5
Research and Education
2
PROS:
  • Variety of account types
  • Reliable trading platform
  • Efficient customer support channels
  • Swift and secure transactions
  • Provides a cashback program
  • User-friendly client portal
  • No additional commission on deposits
  • Instant processing time for deposits
  • Diverse withdrawal methods
  • 24/7 customer service
CONS:
  • Absence of clear regulatory affiliations
  • Lack of information on negative balance protection
  • Limited range of promotions
  • Absence of information on regional operation limitations
  • Limited number of trading instruments
  • Limited educational resources for traders
  • Absence of information on decimal pricing
  • No clear information about available leverage
  • No copy trading support mentioned
  • Unclear if available to U.S. residents
Kato Prime is a broker offering diverse account types and various trading platforms. Yet, the depth of their resources and support channels leaves room for questions. Is Kato Prime the right broker for your trading journey? Explore our comprehensive review below to learn more.
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Trust
4.5
Fees
5
Platforms and Tools
5
Customer Support
2
Tradeable Instruments
2
Account Types and Terms
3.5
Deposit and Withdrawals
4.5
Research and Education
0.5
PROS:
  • Offers multiple account types for varying levels of traders
  • Uses popular trading platforms (MT4 and MT5)
  • Comprehensive deposit and withdrawal methods
  • Instant deposit processing
  • $30 welcome bonus for new accounts
  • Live chat option for immediate assistance
  • Client funds are held in segregated trust accounts
CONS:
  • Lack of transparency and information on the website
  • Limited educational resources
  • Trading platforms not available for mobile
  • Only one regulatory authority
  • No details available on tradable assets
  • Lack of detailed comparison for different account types
  • Limited customer support channels
Oroku Edge, established in 2020, has entered the online trading landscape with a promise of improved technology, competitive spreads, and top-notch assistance for traders. However, the lack of vital information about their operations raises questions about their proclaimed transparency. Is Oroku Edge truly the next big thing in online trading, or is it just another name in the crowd? This review will delve into the details and reveal all.
More details +
Trust
3
Fees
5
Platforms and Tools
3.5
Customer Support
3
Tradeable Instruments
3.5
Account Types and Terms
4.5
Deposit and Withdrawals
0
Research and Education
0
PROS:
  • Variety of account types (Cent, Standard, ECN)
  • Supports MetaTrader4 platform
  • Daily commission payments for IBs
  • Customizable affiliate program structure
  • Regular promotions and special offers
  • High leverage available
  • Available to Indonesian clients
CONS:
  • Lack of information on assets.
  • Absence of details on deposit and withdrawal methods
  • Unclear negative balance protection policy
  • Sparse customer support
  • Minimal regulation (only SVG)
  • Absence of educational resources
  • Unclear operating regions
In the massive world of online trading, finding a broker that suits your individual needs can feel like a daunting task. Enter Vestrado, a platform crafted by veteran traders aiming to simplify the trading journey. But does it deliver on its promises? Let's take a closer look in this comprehensive review of Vestrado.
More details +
Trust
5.5
Fees
5
Platforms and Tools
4
Customer Support
2
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
4.5
Research and Education
1
PROS:
  • Regulated, promoting a secure trading environment
  • Multiple account types catering to diverse trader needs
  • Rich promotional and partnership opportunities
  • Reliable trading platform with MetaTrader
  • Variety of trading instruments
  • Extensive educational resources
  • Wide range of tradable assets
  • Transparent operational information
CONS:
  • Lack of comprehensive customer support
  • US residents are prohibited
  • The absence of a negative balance protection policy
  • Information about some policies is hard to find
  • Some regions are restricted from service
  • Limited deposit and withdrawal methods
  • Does not support copy trading
  • Does not permit scalping
As a global powerhouse in the online brokerage industry, Deriv, with its diverse asset offerings and commitment to user-centric services, has carved a niche for itself in the world of trading. This review delves into the intricate workings, offerings, and operations of Deriv, leaving no stone unturned to give you a comprehensive understanding of this reputable broker.
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Trust
5
Fees
5
Platforms and Tools
7
Customer Support
4
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
5
Research and Education
5
PROS:
  • Wide range of trading assets
  • Multiple trading platforms to suit various trading styles
  • Free API for developing a personalized trading platform
  • Provides a variety of account types
  • Global presence with offices worldwide
  • Compliant with international financial regulations
  • Offers partnership programs like the Affiliate and IB programs
  • Innovative Bug Bounty program for security enhancement
  • The payment Agent program offers an additional revenue stream
  • 24/7 customer service
CONS:
  • No deposit bonuses or similar promotions
  • Some information is not readily available or transparent
  • The commission structure in IB program could be clearer
  • Specific information on Deriv MT5 commission plans is not disclosed upfront
  • Limited regional availability for certain programs (like CPA for EU only)
  • The payment Agent program is limited to servicing clients in the agent's country of residence
  • Minimum balance requirement during Payment Agent application review
  • Some restrictions on Payment Agent's clients based on residency
  • Limited information on the Bug Bounty program's reward system
  • No physical support offices
XeroMarkets is an online forex broker known for its mission in trying to provide top-notch trading products, services, and educational opportunities to its clients. With a notable global reach and an array of features, this broker aims to empower traders at every level. Let's delve into the safety aspects of XeroMarkets to determine how reliable this broker truly is.
 
More details +
Trust
3
Fees
4.5
Platforms and Tools
3
Customer Support
4
Tradeable Instruments
2
Account Types and Terms
5
Deposit and Withdrawals
5
Research and Education
4
PROS:
  • Various deposit and withdrawal methods
  • Previous history of promotions
  • Presence of a FAQ section on the website
CONS:
  • Limited customer support, especially the lack of live chat
  • Outdated promotions
  • Restrictions on services in some regions
  • No welcome bonus or recent promotional activities
Lirunex is a globally recognized broker, with its regional offices across multiple continents and an extensive digital footprint, it caters to the diverse needs of its clientele. But does it meet all your trading requirements? Stay tuned, as this review will unravel everything you need to know about Lirunex.
More details +
Trust
2
Fees
5
Platforms and Tools
5
Customer Support
4.5
Tradeable Instruments
4
Account Types and Terms
6.5
Deposit and Withdrawals
4.5
Research and Education
3
PROS:
  • Long-standing presence in the industry, marking reliability
  • Variety of promotional offers catering to different trading needs
  • Robust customer service channels for comprehensive client support
  • Global operations extend its reach to a wide range of clients
CONS:
  • Regional restrictions limit the broker's availability to certain areas
  • The diversity of promotional offers may be overwhelming to new traders
  • Contact form on the website may be confusing to some users with the mathematical question included
  • The availability and effectiveness of customer support may vary based on location and time zones
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