1
Founded200917 yrs
Min. deposit$5USD
Max leverage1:1000up to
4.6/5
XMASIC · CySEC · DFSA
ExnessFCA · CySEC · FSCA
TMGMASIC · FSC-MU · VFSC
PepperstoneASIC · FCA · CySEC
IC MarketsASIC · CySEC · FSA-SC
GO MarketsASIC · CySEC · FSA-SCRisk warning:CFDs and leveraged forex trading are high-risk products that can lose your entire capital very quickly, and are not suitable for every investor. Everything on this site is information only and is not investment advice, an offer or a recommendation. Check the rules that apply where you live and read the broker's full terms and risk disclosure before opening an account. Some links on this site are affiliate links that may earn us a commission; this does not affect our scores or rankings.
Last reviewed: 24 July 2026
Our independent forex broker reviews compare regulation, real spreads, swap rates, withdrawal speed and platform tools — so you can shortlist the best forex broker for your needs before signing up.
Independent scoring · Partnerships never move a ranking
XMEditorial score · re-checked monthlyExnessEditorial score · re-checked monthlyTMGMEditorial score · re-checked monthly
FCAUnited Kingdom
SFC-COColombia
NFAUnited States
FINMASwitzerland
ASICAustralia
SFC-HKHong KongEvery licence number is checked against the regulator's public register, monthly
Five criteria combine into one final score
Broker Ranking
Compare every forex broker on the same fields and review cycle. Select two or three best broker candidates for a side-by-side comparison; the green button opens the broker's official sign-up page.
Minimum deposit and leverage follow the standard account of the entity you sign with; confirm the figures at sign-up.
In-depth Reviews
Every forex broker review states its sources, the live account we used and the date it was last verified — including who the broker is not right for.
A contract-based review of XM’s legal entities, account costs, leverage tiers, execution model, withdrawals and complaint routes.
Brokers coveredXM4.6XMOur score, out of 5.0Broker Promotions
Only offers with published, verifiable terms — annotated with eligible regions, account types and payout method.
FXCM·2026-06-01
Three benefits cover a first-week deposit reward, monthly trading cashback and an FXCM Hub app reward. The combined maximum is USD 1,200 across the three sets of terms.
FOREX.com·2026-08-09
FOREX.com combines a new-account bonus with referral, broker-transfer and active-trader rewards.
GO Markets·2026-01-01
Eligible deposits of USD 500 to 30,000 can receive up to USD 9,000 in trading credit under the offer terms.
Brokers' Updates
Verified reporting on brokers, trading platforms, regulation and market products — without price forecasts or trading signals.
eToro has removed the temporary exposure limits it placed on new gold CFD positions over the weekend after the 30 October sell-off, spokesperson Francesco Tius told Finance Magnates. In the 5 November report, he said trading conditions were back to normal. Neither eToro nor Trade Nation reported execution or pricing problems during the move.
Affects: eToro and Trade Nation client observations have different scopes and do not describe the whole market.Source verifiedView detailsCONSOB ordered Italian providers to block 17 unauthorised websites, it announced on 5 November: seven for investment services and ten for cryptoasset services. Decisions 24192 and 24191 are dated 4 November. Implementation is under way and may take several days, so an order is not proof that every site is already inaccessible.
Affects: The orders concern the listed domains and access from Italy; similar names do not prove links to authorised brokers.Source verifiedView detailsPlus500US clients can now trade standard, E-mini and Micro futures from TradingView Supercharts, following the broker’s addition to the partner network. FX News Group reported the announcement on 5 November. The service belongs to Plus500’s US futures business and is separate from the group’s CFD accounts elsewhere.
Affects: The integration applies to the US futures operation, not all Plus500 CFD accounts; account approval still applies.Source verifiedView detailsAlastair Hine has left StoneX, FX News Group reported on 5 November. The London-based executive led Self-Directed Trading, overseeing FOREX.com and City Index, now branded StoneX Trading. No successor or reason for his departure is identified in the report.
Affects: His remit included FOREX.com and StoneX Trading. The departure is separate from the earlier City Index rebrand.Source verifiedView detailsIG Group cancelled 24,522,153 treasury shares on 5 November, Finance Magnates reported. Issued capital now comprises 337,035,715 shares, with none held in treasury. Each cancelled share had a nominal value of 0.005 pence. IG gives 337,035,715 as the voting-rights denominator for shareholders calculating FCA disclosure thresholds.
Affects: Corporate capital disclosure; executives’ personal share purchases are separate transactions.Source verifiedView detailsSouth Africa’s FSCA made the withdrawal of Mixirite (Pty) Ltd’s FSP licence 52110 final on 5 November, with immediate effect. The licence had been provisionally withdrawn on 24 June 2026. Mixirite submitted representations and disputed the preliminary findings, but did not oppose the withdrawal becoming final.
Affects: The final withdrawal concerns Mixirite. Investigation of four other firms remains separate from any final finding against them.Source verifiedView detailsWebull Financial LLC has agreed to a $4.2 million FINRA settlement over weaknesses in anti-money-laundering, identity-theft prevention and best-execution controls, according to 5 November reports. It neither admitted nor denied the findings. The firm must certify the AML and identity-control fixes and appoint an independent consultant to review best execution.
Affects: The findings concern Webull Financial LLC and historical controls; remediation includes an independent execution consultant.Source verifiedView detailsThe CFTC’s 5 November interpretation gives designated contract markets 30 days to stop domestic geographic restrictions that breach Regulation 38.151(b), or explain to its Division of Market Oversight why compliance is not feasible. The rule requires competitive, open, fair and impartial access.
Affects: The interpretation includes market intermediaries and domestic access; it does not confer cross-border client eligibility.Source verifiedView details
Our Methodology
Primary sources, live-account testing and fixed weights. Partnerships decide whether a sign-up link appears — never the score, the order or the conclusion.
FAQ
Pick a topic to narrow the list. If your question isn't here, write to the editorial team directly.
Contact the editorsNo. Rankings come out of fixed weights applied to fields anyone can verify. Some brokers do have an affiliate relationship with us, which only determines whether a sign-up link is shown and whether we earn a commission — it never changes the score or the order. Every affiliate link is labelled.
Start with the regulator and the entity you will actually contract with. The same brand often operates through different entities per region, with different client-money rules, compensation schemes and leverage caps. Only then compare trading cost and funding, and last of all platform features and promotions.
It is decided by your country of residence, and it is named in the client agreement you accept at sign-up. The entity sets your leverage cap, whether negative balance protection applies, whether a compensation scheme covers you and who hears a complaint — so the same brand can mean very different protection depending on where you live.
Four things add up: the spread, any per-lot commission, the overnight swap if you hold past the daily rollover, and currency conversion when your deposit currency differs from the account currency. On a raw-spread account the commission alone is often larger than the spread, so compare the all-in figure rather than the headline number.
It keeps your balance in a separate bank account from the broker's own operating money, so it should not be treated as company assets in an insolvency. It does not protect you from trading losses, and it is only as strong as the auditing behind it — which is why the regulator matters more than the wording on the website.
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