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.
FOREX.com·2026-08-09
FOREX.com combines a new-account bonus with referral, broker-transfer and active-trader rewards.
GO Markets·2026-08-09
New users depositing US$500–30,000 can receive a bonus of up to US$9,000.
Ultima Markets·2026-08-09
Ultima Markets is offering a 20% deposit bonus through its official promotion page.
Brokers' Updates
Verified reporting on brokers, trading platforms, regulation and market products — without price forecasts or trading signals.
Trade Nation's updated FXCM UK guidance sets a 5 November opt-out deadline and a planned account transition from 20 to 22 November. Finance Magnates separately reports how Trade Nation won the client book and why the mix of retail and professional traders appealed to it. The transfer has been agreed but is not yet complete.
Affects: FXCM UK retail and professional clients whose accounts are scheduled for transfer to Trade NationSource verifiedView detailsIn its company release, Trade Nation said it had agreed to acquire the UK client account book of Stratos Markets Limited, which operates FXCM and Tradu in the UK. The firms expect the transfer in late November 2026. The agreement concerns the UK entity and is not a completed global FXCM sale.
Affects: Clients of Stratos Markets Limited under FXCM or Tradu in the UK, subject to the announced transitionSource verifiedView detailsPepperstone group CEO Tamas Szabo said trading volume in the July–September 2026 fiscal quarter rose by more than 30%, while new clients and revenue grew at double-digit rates. He said new-client first trades were 40% ahead of a year earlier. The figures are a management statement, not audited interim results.
Affects: Readers tracking Pepperstone group performance; the management figures are unauditedSource verifiedView detailsIC Markets Australia said some instrument trading hours will change when Australian daylight saving starts on 4 October 2026. The notice identifies MT4/MT5 and cTrader schedules while saying most products are unaffected. Clients should consult the official instrument tables for exact hours; the accessible text does not specify them.
Affects: IC Markets Australia clients trading instruments with daylight-saving schedule changesSource verifiedView detailsIn a company-issued promotional release, XM announced a 22 September–20 October 2026 cashback campaign that extends eligible volume across its assets and Copy Trading activity. Verified Standard, Micro, Investor and Strategy Manager accounts must register; the first stated volume milestone is US$1.2 million. The company says EU-entity accounts and some regions are excluded, so eligibility must be checked against the current terms.
Affects: Eligible, verified XM accounts outside excluded regions that register for the campaignSource verifiedView detailsTMGM extended its Chelsea FC sponsorship into a fourth year and added Middle East rights to a relationship previously focused on Asia-Pacific. The agreement covers branding, digital content and fan activities. Neither party disclosed its value or specified the Middle Eastern countries covered.
Affects: Readers tracking TMGM sponsorship and regional marketing activitySource verifiedView detailsIn a promotional TradeInformer interview, Exness UK CEO David Morris argued that stable execution and pricing during volatile markets matter more to institutional broker clients than headline spread figures alone. The piece sets out his view of service quality; it does not announce a new Exness product or independently measure execution performance.
Affects: Readers assessing Exness institutional thought leadership; no announced account changeSource verifiedView detailsTMGM signed a three-year partnership with the Vanuatu Paralympic Committee covering annual support for para-sport programmes from 2026 to 2028. The arrangement focuses on coaching, participation and athlete pathways across four provinces. TMGM did not disclose the sponsorship value.
Affects: Readers tracking TMGM community partnerships in VanuatuSource 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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