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

Bold Prime is a relatively new broker, with WikiFX classifying them as operating between 2 and 5 years. They are an online forex CFD broker, and the information they give states that clients are also able to trade stocks, commodities, indices, and options. They are considered somewhat safe as they are regulated by two authorities, namely the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC). They also have a high trust score from clients, as seen on TrustPilot.
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Trust
4.5
Fees
5
Platform and Tools
4
Customer Support
4
Tradeable Instruments
2.5
Account Types and Terms
5
Deposit and Withdrawal
1
Research and Education
2
PROS:
  • Cent account
  • Minimum deposit of only 15 USD for Cent and Standard account
  • High leverage
  • Regulated by ASIC and the FSC
CONS:
  • No negative balance protection
  • Contradictory information on the website
  • Only internet bank transfers allowed
  • No telephonic support
  • Small assets list
  • Relatively new broker
  • No help desk or FAQ section
  • Limited resources that only clients can access
Dollars Markets is an online forex and CFD broker that, according to WikiFX, has been in operation between 2 and 5 years. Dollars Markets offers trading in the form of CFDs, and clients can trade financial assets such as forex, metals, indices, cryptocurrencies, shares, energies, and ETFs.
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Trust
2
Fees
6
Platform and Tools
5
Customer Support
5
Tradeable Instruments
4
Account Types and Terms
3
Deposit and Withdrawal
2
Research and Education
2
TriumphFX is an NDD/STP broker that has been offering online trading since 2009. It further boasts that the broker has won several accolades for being the most trustworthy broker, including one in 2017.
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Trust
0
Fees
3.5
Platform and Tools
5
Customer Support
0
Tradeable Instruments
1.5
Account Types and Terms
5
Deposit and Withdrawal
4
Research and Education
0.5
PROS:
  • 7 different accounts to choose from
CONS:
  • The asset list is small
  • There is no customer support
  • Potentially a scam
XM.com (previously known as XeMarkets) is a Cyprus-based international online foreign exchange broker that allows users to open accounts and trade the financial markets. The company provides financial trading services through a number of electronic trading platforms, including MetaTrader 4 and MetaTrader 5, allowing traders to apply Expert Advisor (EA) strategies. They also have a proprietary mobile trading app, XM – Trading Point.
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Trust
8.5
Fees
8.5
Platform and Tools
7
Customer Support
8.5
Tradeable Instruments
8
Account Types and Terms
6.5
Deposit and Withdrawal
5.5
Research and Education
9.5
PROS:
  • Regulated by 6 authorities
  • No deposit or withdrawal fees
  • Deposit bonus
  • Referral program
  • Loyalty program
  • Over 1,000 instruments to trade
  • Great educational material
  • 24/7 customer support
CONS:
  • Limited to specific regions
  • Standard account spreads are quite expensive
  • Average spreads are not published for ultra-low accounts
  • Average forex portfolio
  • No investor protection for residents outside the EU
AxiCorp Financial Services Pty Ltd was established in 2007. They are an Australian online broker that deals in forex and CFDs and is regulated by three highly reputable authority commissions, including ASIC, FCA, and DFSA. They also boast of having over 60,000 traders that span more than 100 countries worldwide. What else do they offer?
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Trust
7
Fees
7
Platform and Tools
5
Customer Support
6.9
Tradeable Instruments
6
Account Types and Terms
6
Deposit and Withdrawal
8
Research and Education
7
PROS:
  • Very low forex fees
  • No withdrawal or deposit fees
  • Creating an account is fully digital
  • Regulated by three authorities
  • Deposit insurance and compensation plans are available
  • A typical range of tradable instruments on offer
CONS:
  • Demo account is only available for 30 days
  • Users have experienced problems withdrawing funds
  • The account verification is complicated and drawn out
Markets.com is a global brand and is operated by 5 companies across the globe, all regulated by the associated financial authority in that region. They provide clients  the opportunity to trade Forex, stocks, commodities, Cryptocurrency, Indices, ETFs, and even Bonds in the form of CFDs . Additionally, they offer U.K. and Ireland clients the chance to open spread betting accounts. Let's take a closer look at this broker.  
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Trust
8
Fees
5
Platform and Tools
5
Customer Support
6
Tradeable Instruments
7
Account Types and Terms
6
Deposit and Withdrawal
5
Research and Education
5
PROS:
  • Regulated by 5 financial authorities across the globe
  • Their assets list is among some of the largest for any broker
  • Impressive proprietary trading platforms
  • Fast execution of positions
  • Mobile trading app and web platform are seamless
  • Free Reuters reports
CONS:
  • High Forex spreads compared to other brokers
  • Low leverage compare to some other brokers
  • Account inactivity charges
CMC Markets is a U.K.-based online broker (financial services company) that offers to trade in the form of CFDs and spread betting along with forex to individuals across the globe. They offer low forex fees with no minimum deposits. Let's see what else they offer and how good the broker really is.
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Trust
7
Fees
6
Platform and Tools
8
Customer Support
6
Tradeable Instruments
8
Account Types and Terms
6
Deposit and Withdrawal
4
Research and Education
7
PROS:
  • Low forex fee
  • No minimum deposit
  • A Spread betting account that is tax-free
  • Outstanding proprietary platform
  • Advanced educational and resource material to draw on
  • Regulated by the FCA in the U.K.
  • Offers protection for trader accounts
CONS:
  • High stock CFD fees
  • Only CFDs are an option
  • Customer support is only 24/5
  • Only offer MT4 and not MT5
  • Does not accept U.S Clients
TRUSTED
ZFX was founded in 2016 by veteran traders with many decades of experience. With their insight and vision, they planned on establishing a platform that would make investing much more accessible to retail traders and institutional investors alike. Let's look at zfx review in more detail.
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Trust
9
Fees
8.5
Platform and Tools
7.1
Customer Support
8.5
Tradeable Instruments
8
Account Types and Terms
6.6
Deposit and Withdrawal
6.1
Research and Education
9.5
PROS:
  • Three to Two types of trading accounts depending on the region
  • NDD, STP, and ECN broker
  • Regulated by the FCA and the FSA
  • Great resources for traders (A – Z Trading Academy)
  • Low initial deposit ($50) with a minimum lot size of 0.1
  • 100+ assets to trade
  • Tighter spreads on ECN accounts (from 0.2 pips)
  • Zero commission with low spreads
  • Spreads As Low As 0.2
  • $15 Minimum Deposit (Cent Account)
  • New Web-Based Platform
CONS:
  • $1,000 deposit for traders on ECN Accounts
  • Trading is not available to U.S.-based residents
FBS is a regulated trading platform providing access to stocks, forex, commodities and indices. Interested in signing up? Before you do, read our FBS review and find out more about the broker's pros, cons, fees and more.
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FBS
Looking for the most effective trading solutions? FBS is one of the best trading platforms, and here is everything you need to know about it.
Trust
6
Fees
7
Platform and Tools
7
Customer Support
7
Tradeable Instruments
6
Account Types and Terms
8
Deposit and Withdrawal
7
Research and Education
8
PROS:
  • High leverage up to 1:3000 (for non-EU customers only) suits higher-risk traders well
  • Low spreads and commissions (from 0 pips) on most accounts
  • Free demo account for every account type helps clients to do a trial
  • Free social trading app (FBS CopyTrade) for traders to improve their performance and knowledge by copying other investors (for regions under IFCA and FSCA regulations only)
  • Exemplary, multilingual customer service is always available
  • No withdrawal fees
  • Strong research and education resources
CONS:
  • It lacks proprietary web and desktop platforms
  • Some instruments have wide spreads
  • Limited number of commodities to trade
  • EU, UK, and Australian clients have fewer account options than clients from other regions.
Capital.com is a regulated trading platform. It offers access to over 6,000 assets and uses AI to provide you with an advanced trading experience. Interested in signing up? Before you do, read our Capital.com review and find out more about the broker's pros, cons, how to trade and more.
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Capital.com
Capital.com is an established and award-winning broker that offers a huge collection of free high-quality educational content to aspiring traders, makes use of AI technology and doesn’t charge withdrawal, deposit or inactivity fees.
Trust
7
Fees
8
Platform and Tools
7
Customer Support
7
Tradeable Instruments
6
Account Types and Terms
7
Deposit and Withdrawal
7
Research and Education
6
PROS:
  • Regular live updates and price alerts for 3,700+ markets
  • 0% commission and no hidden fees
  • Market-leading spreads
  • No withdrawal, deposit, or inactivity fees
  • Fast order execution
  • Non-expiring Free demo account
  • Hedging mode and risk management tools
CONS:
  • Stock trading is not currently available on their web terminal
  • Limited offering of stocks
  • No bonds offered
  • Doesn’t offer MetaTrader5 (MT5)
  • Overnight fees
TRUSTED
Exness is a regulated trading platform in operation since 2008. It offers access to a wide range of assets and competitive fees which are ideal conditions in forex trading. Interested in signing up? Before you do, read our Exness review and find out more about the broker's pros, cons, how to trade, product offerings and more.
More details +
Trust
9
Fees
7
Platform and Tools
7.9
Customer Support
6
Tradeable Instruments
7
Account Types and Terms
7
Deposit and Withdrawal
9
Research and Education
7
PROS:
  • Free VPS hosting
  • Instant withdrawal of money 24/7 depending on the method used
  • Segregated accounts
  • Swap-Free/Islamic Account Provided
  • High Maximum Leverage
  • Narrow spreads
  • Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform
CONS:
  • 24/7 customer support only available in some languages
  • Training resources are minimal
  • No U.S. residents can be accepted as clients

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