Find Your Ideal Forex Broker: Trusted Reviews at a Glance
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FXPrimus is a global online forex and CFD broker that offers a variety of trading products and services to clients around the world. We will be reviewing this broker to give you a better understanding of what they offer and whether they are a good broker and right fit for your trading needs.
★★★★★
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Trust
5
Fees
5
Platforms and Tools
6.5
Customer Support
4.5
Tradeable Instruments
5
Account Types and Terms
6.5
Deposit and Withdrawals
5
Research and Education
2.5
PROS:
- Wide range of trading platforms: MT4, MT5, cTrader, and WebTrader
- Variety of tradable asset classes
- Different account types cater to various trading needs
- Offers negative balance protection on all accounts (except demo)
- Access to additional customer support channels for clients (Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram)
- 24/5 live chat support
- Multiple deposit and withdrawal methods are available
CONS:
- Limited educational material, mostly accessible through a blog
- No special promotions or incentives for clients
- Deposit and withdrawal options less diverse compared to other brokers
- Support via Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram is not available to potential clients
- Restrictions in certain countries, such as Australia, Belgium, Iran, Japan, North Korea, and the USA
- Identical pages found when visiting different sections of the website
- Trading resources not readily available for potential clients
TRUSTED
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OCTA is an online CFD broker that was founded in 2011. They have a good reputation, have accumulated numerous awards, and have thousands of positive reviews from clients and other broker review sites. We are going to take a look at this broker in detail to see what features and services are on offer, how good they are, and if you should consider them as a broker, you would want to use.
Trust
7
Fees
6.5
Platforms and Tools
8.1
Customer Support
5
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
5
Research and Education
5
PROS:
- In operation since 2011
- Hold numerous awards
- MT 4 and MT 5 are available
- Own proprietary platform
- Wide asset range for forex and crypto
- No commission
- No deposit and withdrawal fees
CONS:
- Payment methods vary depending on the region
- Account types vary depending on the region
- A limited array of assets depending on market
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
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
LiteForex has been an online broker for almost two decades as they began operating in 2005. They hold a brokerage license with CySEC and operate throughout the globe providing ECN forex trading and CFD trading in the form of commodities, stocks, indices, and crypto. This review breaks down what you need to know about this broker.
★★★★★
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Trust
4
Fees
5
Platforms and Tools
5
Customer Support
4.5
Tradeable Instruments
5
Account Types and Terms
4
Deposit and Withdrawals
5
Research and Education
2.5
PROS:
- Founded in 2005
- Two account types
- ECN broker
- Low minimum deposit
- MT4 and MT5 are available
- Easy registration process
- Investor compensation scheme of up to 20,000 EUR
- Social/copy trading
CONS:
- Only regulated by CySEC and MiFID
- Negative balance protection may only apply to ECN accounts
- Website is overwhelming
- Lack of trading resources
- Not many promotional offers
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
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
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
Saxo is a globally recognized broker founded in 1992 and headquartered in Copenhagen, Denmark. Regulated by top-tier authorities like the FCA, MAS, and ASIC, Saxo offers access to over 71,000 instruments, including forex, stocks, ETFs, bonds, commodities, and crypto ETPs. With award-winning platforms like SaxoTraderGO and SaxoTraderPRO, the broker provides a professional and secure trading environment suited for both individual and institutional clients. Saxo emphasizes client protection through fund segregation, negative balance protection for retail clients, and cutting-edge cybersecurity measures.
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Trust & Regulatory Status
4.7
Tradable Instruments
5
Fees
5
Account Types
6.5
Platform and Tools
5.9
Deposit and Withdrawal
6.4
Customer Support
5.9
Research and Education
4
Mobile Trading
3.4
Security
6
PROS:
- Saxo offers access to over 71,000 instruments, including forex, stocks, ETFs, bonds, options, futures, commodities, and crypto ETPs, giving traders unparalleled diversification opportunities.
- The SaxoTraderGO and SaxoTraderPRO platforms are highly regarded for their intuitive design, advanced charting tools, and powerful functionalities suited for both retail and professional traders.
- Saxo is licensed by multiple top-tier financial regulators, including the FCA (UK), MAS (Singapore), and ASIC (Australia), ensuring a high level of client protection and operational transparency.
- Saxo provides a wealth of market insights, webinars, tutorials, and trading strategies to help clients make informed investment decisions.
- Higher-tier account holders (Platinum and VIP) benefit from lower fees, better service, and personalized relationship management.
CONS:
- Accessing better spreads and services through Platinum and VIP accounts requires a substantial minimum deposit.
- Saxo charges inactivity fees if an account remains dormant for an extended period, which can deter occasional traders.
- Although transparent, Saxo’s commission and fee structures can be complex and may require careful review to fully understand potential trading costs.
- Due to regulatory constraints, Saxo’s services are not available to clients based in the United States.
VCG Markets is a globally operating forex and CFD broker established in 2020 and regulated by the FSC of Mauritius. The broker offers over 500 tradable instruments across forex, commodities, indices, shares, and cryptocurrencies. It supports MetaTrader 5 and a proprietary mobile app, caters to both beginners and professionals with two account types, and provides risk management features such as negative balance protection. VCG Markets is known for its user-friendly interface, fast execution, and promotional offers including a 100% deposit bonus.
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Trust & Regulatory Status
5.9
Tradable Instruments
5
Fees
5.8
Account Types
4.8
Platform and Tools
5
Deposit and Withdrawal
6
Customer Support
5
Research and Education
4.2
Mobile Trading
5.4
Security
6.1
PROS:
- Regulated Broker: Operates under the oversight of the FSC of Mauritius, ensuring adherence to regulatory standards .
- Diverse Asset Offerings: Access to a wide range of instruments, including forex, commodities, indices, shares, and cryptocurrencies .
- Advanced Trading Platforms: Supports MetaTrader 5 and a proprietary mobile app, catering to various trading preferences .
- Risk Management Features: Offers negative balance protection and segregated client funds for enhanced security .
- Promotional Offers: Provides a 100% credit bonus up to $1,000 for new traders .
CONS:
- Limited Account Types: Only two account options (Standard and Premium), which may not cater to all trader needs .
- Geographic Restrictions: Services are not available to residents of certain countries, including the U.S., Belgium, Canada, and Singapore .
- Minimum Deposit for Premium Account: A higher entry threshold of $5,000 may be prohibitive for some traders .
- Limited Educational Resources: The broker's website provides minimal educational content for beginner traders.
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
AximTrade is an international online brokerage and proud sponsor of the Alfa Romeo F1 team. According to WikiFX, they have only been in operation between 2 and 5 years, and in that time, they have amassed over 100 thousand active clients. They offer their clients the chance to trade forex, metals, energies, stocks, indices (indexes), and commodities in the form of CFDs with incentives such as flexible leverage and an asset list that exceeds 100 trading instruments.
★★★★★
More details +
Trust
5
Fees
5
Platforms and Tools
5
Customer Support
5
Tradeable Instruments
4
Account Types and Terms
5
Deposit and Withdrawals
8
Research and Education
1
PROS:
- Flexible high leverage
- Regulated by multiple authorities (ASIC and FSA)
- 1 USD minimum deposit on most accounts
- ECN account
- MT4 is standard
- Over 49 forex pairs to trade
- AximTrade mobile app
- Multiple payment gateways
- Registration is easy
CONS:
- High leverage means high risk
- Their assets list is limited
- Only MT4 is available
- Spreads are average except for the ECN account
- Not available in many countries
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