Find Your Ideal Forex Broker: Trusted Reviews at a Glance
- Show all
- Highest score
- Lowest score
- Review category
- All categories
- Forex Brokers
- Stock Brokers
- 7 different accounts to choose from
- The asset list is small
- There is no customer support
- Potentially a scam
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.
- 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
- 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
- Broad product offerings, including stocks, options, futures, forex, bonds, and more
- Advanced trading platforms, such as Trader Workstation (TWS), catering to professional traders
- Competitive pricing and low trading fees, making it cost-effective for active traders
- Access to global markets and numerous exchanges
- Strong regulatory oversight by multiple authorities, ensuring a safe trading environment
- The platform may be complex and intimidating for beginners
- Minimum account balance requirements and inactivity fees may deter casual investors
- Some customer support channels may have longer response times, potentially causing inconvenience
- Geographical restrictions and eligibility criteria for certain promotions and programs
- Limited promotional offers and not prominently displayed on the website
GMI Markets is an intriguing online trading broker with a range of offerings, but also an array of questions surrounding its operations. Is it the right broker for you? Dive into our comprehensive review to find out.
- Offers a range of account types catering to different types of traders
- Provides a 30% Welcome Bonus for first-time deposits
- Limited and unclear information about withdrawal methods
- No visible details about negative balance protection
- Limited customer support options
- Lack of transparency about region-specific operation policies
- Absence of educational resources
- Limited trading platform features and deposit methods
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.
- 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
- 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
- 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
- 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
Matthew Murphie founded FP Markets in 2005. With clients using MT4 and MT5 as the base trading software, they are able to trade forex, stocks, crypto, indices, commodities, ETFs and bonds. This CFD and forex broker is reregulated and regarded as reputable due to the three authorities that regulate it. This FP Markets review details and compares FP Markets' pros and cons to determine how good their services and features are.
- MT4 and MT5 are available
- Been in business since 2005
- Regulated by multiple financial authorities
- Two easy-to-understand account types
- Over 10,000 assets to trade
- Good amount of trading resources
- Islamic Swap Free accounts are an option
- Many funding methods are available
- Only trade CFDs
- There is a minimum deposit of 100 AUD or the equivalent
- Some information and trading resources on the site are outdated
- There is no Cent account available
- There are no special offers except for the affiliate and IB program
- 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
- 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
- 10 USD minimum
- Demo trading account is great for beginners
- User-friendly platform
- Regulated by FinaCom
- Very few trading instruments
- Only two trading platforms
- No MetaTrader
- Various trading conditions for different assets
- 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
- Demo account is only available for 30 days
- Users have experienced problems withdrawing funds
- The account verification is complicated and drawn out
- Regulated by seven authorities
- Futures and securities trading
- Nice range of forex pairs
- Easy to open an account
- Good customer and technical support
- Regular promotional offers
- Obtained several awards
- Only two account types
- Maximum leverage is 1:200;
- The minimum deposit is USD 200 or an equivalent amount
- Trading resources and education material is limited