In this review, we will examine FXopen, a well-known broker in the financial industry, and explore the features and services they offer. Our analysis aims to provide you with insights into FXopen's offerings to help you make an informed decision about their suitability for your trading needs.
★★★★★
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Trust
4
Fees
5
Platforms and Tools
6.5
Customer Support
5.5
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
4.5
Research and Education
7.5
PROS:
Reputable broker with a focus on security and regulation
Wide range of trading instruments, including spot FX, commodities, shares, indices, and cryptocurrencies
Negative balance protection for retail clients
Multiple deposit and withdrawal options
Regular trading contests and promotions
Active customer support channels
CONS:
Limited availability for clients from the United States.
Limited information on promotions and competitions on the website.
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:
Strong CySEC regulation with MiFID protections and segregated client funds.
Fast execution under one second with tight spreads from 0.8 pips.
High leverage up to 1000:1 for eligible traders.
Low $5 minimum deposit and competitive account options.
Wide range of 1,400+ instruments including forex, stocks, and commodities.
CONS:
Not available to clients in the US, Canada, Japan, and some other regions.
Bonuses not offered to EU and MENA clients.
No proprietary platform, only MT4/MT5 and XM App.
$5/month inactivity fee after 90 days of no trading.
Crypto trading limited to CFDs and regional availability.
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.
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
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
CentFX is a Forex and CFD broker launched in 2022, operating via the MetaTrader 5 platform. It is registered in Anguilla and Mauritius and also holds US MSB registration. With over 400 tradable instruments—including forex, indices, metals, and cryptocurrencies—CentFX delivers zero‑spread ECN trading, swap‑free Islamic accounts, and multi‑jurisdictional licensing. Its low minimum deposit and high leverage make it appealing to a wide range of traders.
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Trust & Regulatory Status
4.8
Tradable Instruments
5
Fees
5
Account Types
4.2
Platform and Tools
5.7
Deposit and Withdrawal
5
Customer Support
5.9
Research and Education
5.3
Mobile Trading
5
Security
5.5
PROS:
Competitive spreads starting from 0.1 pips on ECN and standard accounts
Full MetaTrader 5 support across desktop, web, and mobile including EAs and advanced charting
High leverage available up to 1:1000
Multiple licences in Mauritius and Anguilla and MSB registration in the US
No broker-charged deposit or withdrawal fees
Offers negative balance protection
Multilingual 24/5 customer support via live chat, phone, and email
CONS:
Licences stem from smaller jurisdictions rather than top‑tier regulators like the FCA or ASIC
Trustpilot user rating is mixed at around 3.4/5 with some complaints about service and withdrawals
Limited transparency regarding execution speed, slippage, and fund segregation
Some users report slow or inconsistent withdrawal processing times
Uses only MT5 platform and lacks a proprietary or branded trading platform
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.
Dhan is a tech-driven discount broker in India featuring zero brokerage on equity delivery, flat ₹20 trades for intraday/F&O, deep TradingView integration, algorithmic API access, and up to 5× intraday leverage—all with zero account fees and no minimum deposit.
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Trust & Regulatory Status
5.2
Tradable Instruments
5.9
Fees
6.4
Account Types
5
Platform and Tools
4.2
Deposit and Withdrawal
5.3
Customer Support
5.7
Research and Education
5.6
Mobile Trading
5.8
Security
5.5
PROS:
Zero equity delivery brokerage, appealing for long-term investors
Flat ₹20 or 0.03% cut on intraday/F&O trades, with women enjoying up to 50% discount
Built-in TradingView integration enabling chart-based order placement
Advanced order types including flash, iceberg, bracket, and more
Instant UPI withdrawals offering fast fund access
CONS:
Newer brand with less market recognition compared to incumbents
Platform can feel cluttered and slow during high volatility
Not beginner-friendly UI, requiring time to navigate
Missing advanced features like mutual fund STP/SWP and detailed API docs
Limited to Indian residents, with no NRI or international access
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.
★★★★★
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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
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
VT Markets is a global financial broker established in 2015, headquartered in Sydney, and serving a diverse clientele across over 160 countries. The broker offers a wide range of trading instruments on advanced platforms such as MetaTrader 4 and MetaTrader 5, catering to both novice and experienced traders. With regulatory compliance across multiple jurisdictions, VT Markets ensures a secure and transparent trading environment. The broker's offerings include various account types, comprehensive customer support, and special trading features to enhance the trading experience.
★★★★★
More details +
Trust
8.5
Fees
8
Platforms and Tools
6
Customer Support
7
Tradeable Instruments
7.5
Account Types and Terms
7.5
Deposit and Withdrawals
7.5
Research and Education
6.5
Mobile Trading
7
Security
7
PROS:
Commission-free trading and spreads starting from 0.0 pips
1000+ popular assets to trade including shares, forex,ETFs and more
Full access to exclusive signals and market analysis
Near-instant trades and first-class liquidity with a licensed regulated broker
24/7 support from an award-winning customer service team
Complete all deposits and withdrawals within 1 business day
CONS:
Lacks FCA regulation, missing specific client protections
Geographic restrictions limit VT Markets' service availability in certain countries
