Find Your Ideal Forex Broker: Trusted Reviews at a Glance
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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.
★★★★★
More details +
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
TRUSTED
Traze is a regulated online broker offering various financial instruments, user-friendly trading platforms, and tailored account types to cater to traders of all experience levels. Even though they are relatively new on the scene they have made an impact. This review goes over what sets them apart.
★★★★★
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Trust
8
Fees
7.5
Platforms and Tools
7.5
Customer Support
7.6
Tradeable Instruments
7.6
Account Types and Terms
8
Deposit and Withdrawals
8
Research and Education
5
PROS:
- Regulated by top-tier authorities (FCA and ASIC)
- Negative balance protection on all account types
- Financial Compensation Scheme (FSCS) protection up to £85,000
- Wide range of deposit and withdrawal methods
- 24/7 customer support through various channels
- Partnership programs for Introducing Brokers and Affiliates
- User-friendly and intuitive trading platform (MetaTrader 4)
CONS:
- Limited promotional and special offers for new clients
- Not available in certain countries due to regulations and restrictions
- No promotions currently available for retail clients
- Broker relatively new in the industry
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
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.
★★★★★
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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
eToro is a popular social trading platform that provides investors with access to a wide range of financial markets, including stocks, commodities, indices, and currencies. The platform has become increasingly popular due to its focus on social trading, allowing investors to interact, share ideas and insights, and replicate each other's trades. Let's look at this broker in more detail to see why they are so popular.
★★★★★
More details +
Trust
7
Fees
7
Platforms and Tools
6
Customer Support
3.5
Tradeable Instruments
5
Account Types and Terms
7
Deposit and Withdrawals
5
Research and Education
8.6
PROS:
- Easy-to-use platforms
- Very beginner friendly
- Able to trade CFDs
- Adjustable leverage per trade
- One account to suit everyone (great for beginners)
- Great trading resources
- Very popular platform
- Have over 11 million users
CONS:
- Customer support is only through tickets
- You can only trade CFDs
- Spreads are not great
- Only one account, so you don't have flexibility
IUX is a FOREX CFD trading broker that was established in 2016 and currently has over 180,000 users worldwide. It supports 10 languages including Thai. It has a modern and attractive website to use. The details and advantages are clearly visible from the first page of the website. In addition, IUX is a fast-growing and popular broker in Thailand.
★★★★★
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Credibility
7.1
Fee
5
Platform
7
Customer Care
7.1
Tradeable Assests
6
Account-Type
7
Deposit Withdrawal
7
Knowledge Source
6.2
In operation since 2014, Olymp Trade has established itself amongst one of the most popular online brokers even having Ronaldinho (retired Brazilian Footballer) on their sponsorship roll. They have millions of clients and have had their mobile app downloaded over 44 million times. Let's look into this broker and see if their services, features, and fees are inline with massive popularity they have.
★★★★★
More details +
Trust
7
Fees
5
Platforms and Tools
5
Customer Support
6.5
Tradeable Instruments
4
Account Types and Terms
1
Deposit and Withdrawals
7
Research and Education
4.5
PROS:
- 10 USD minimum
- Demo trading account is great for beginners
- User-friendly platform
- Regulated by FinaCom
CONS:
- Very few trading instruments
- Only two trading platforms
- No MetaTrader
- Various trading conditions for different assets
HFM, formerly known as HotForex, is a well-established forex and commodities broker that has been operating since 2010. Catering to both retail and institutional clients, HFM caters to a wide range of clientele, and offers diverse trading platforms, and tools to support traders of all levels. Let's see how their rebranding has had an effect and what they offer.
★★★★★
More details +
Trust
7.5
Fees
6.5
Platforms and Tools
6.5
Customer Support
4.5
Tradeable Instruments
6.1
Account Types and Terms
6.8
Deposit and Withdrawals
5
Research and Education
7
PROS:
- Well-regulated by reputable authorities (FSCA, CySEC, and FCA)
- Offers MetaTrader 4 and MetaTrader 5 trading platforms
- Wide range of trading instruments (forex, commodities, indices, cryptocurrencies)
- Multiple account types to cater to different traders' needs
- Competitive fees and spreads
- Comprehensive educational resources for beginners and experienced traders
- Responsive customer support via Email, phone, and live chat (region-based)
- Attractive promotions and bonus offerings
- Loyalty program for active traders
CONS:
- Not available in certain countries due to regulations and restrictions
- No "Contact Us" page on the website, which might deter some clients
- Some promotions have complex terms and conditions
- Limited customer support channels for certain regions
FxPro, a prominent London-based European online broker that specializes in providing an extensive range of contracts for difference (CFD) across various asset classes. With a strong presence in the trading world and a commitment to excellence, FxPro is the go-to choice for retail clients seeking a reliable and dynamic trading experience. Let's see how they fair in this review.
★★★★★
More details +
Trust
6
Fees
6
Platforms and Tools
8.5
Customer Support
5
Tradeable Instruments
6
Account Types and Terms
7
Deposit and Withdrawals
4.5
Research and Education
2.5
PROS:
- Regulated by top-tier authorities
- Multiple trading platforms
- Competitive spreads and pricing
- Wide range of trading instruments
- No dealing desk intervention
- Excellent 24/5 customer support
- Rich educational resources
CONS:
- Limited availability in some regions
- No US clients
- Inactivity fee
- Limited deposit/withdrawal options
- Risk of slippage
- No social trading
- High minimum deposit
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
FXCM is a well-known broker amongst retail traders and professionals alike. It was founded all the way back in 1999 and has had its fair share of ups and downs. This review covers everything you can expect to find from this online international forex CFD broker. Let's see how they fare compared to the rest.
★★★★★
More details +
Trust
7
Fees
5
Platforms and Tools
8.5
Customer Support
6.5
Tradeable Instruments
4
Account Types and Terms
3.5
Deposit and Withdrawals
4
Research and Education
3
PROS:
- Established in 1999
- Regulated by multiple authorities
- One account type
- Four trading platforms to choose from
- TradingView is available
- Copy trading is available
- MetaTrader is available
CONS:
- Multiple websites depending on the region
- Websites can be confusing
- One account type
- Limited trading resources and educational material
- Limited assets list
In this review, we will take a close look at Eightcap, a reputable broker in the financial industry. Eightcap has gained recognition for its comprehensive range of trading services and commitment to providing a secure and user-friendly trading environment.
★★★★★
More details +
Trust
4
Fees
4.5
Platforms and Tools
5
Customer Support
5.5
Tradeable Instruments
4
Account Types and Terms
5
Deposit and Withdrawals
4
Research and Education
3.5
PROS:
- Regulated by reputable financial bodies, ASIC and VFSC
- Offers MetaTrader 4 and MetaTrader 5 platforms, highly regarded in the trading industry
- A broad selection of trading instruments including forex, commodities, indices, shares, and cryptocurrencies
- Two distinct account types (Raw and Standard) catering to different trading preferences
- Attractive partnership programs such as Introducing Broker (IB) and White Label partnerships
CONS:
- Lack of transparency regarding their negative balance protection policy.
- Limited information on geographical restrictions for trading
- Only two account types available, which might be limited compared to other brokers
- No explicit mention of special promotions or offers on the broker's website
- Absence of information on the broker's website about whether or not it serves US residents
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