SEARCH FOREX BROKERS
Vanuatu based forex broker, online since 2009 with several trading accounts to choose from, minimum deposit requirement of just $1 and small selection of payment methods – wire, credit cards and prefect money. Igofx is currently unregulated broker, since it lost it’s New Zealand license back in 2014 and didn’t reclaim it back.
UK regulated broker, rebranded twice! Started as VantageFX, continued as GoMarkets and since 2016 is officially called Infinox. Lots of currency pairs, STP/ECN accounts, minimum deposit $100, MetaTrader 4 platform.
InstaForex is one of the leading and reputable online forex brokers today with many yearly outstanding awards from respected sources such as ShowFX World, International Expos and IAIR. Among many advantages of the broker, you get the whooping leverage of up to 1,000:1, minimum deposit of just $1, ForexCopy system which allows you to follow trades of others in real time, 107 currency pairs to choose from, ECN broker services with competitive spreads for all available trading instruments. There are many payment methods for funding and withdraw, including Instaforex MasterCard. +Open Trading Account
Invast Global Review
Australia-based, regulated Invast Global broker targets institutional and professional traders, hence the minimum deposit requirement of $25,000. That is one of the highest minimum deposit that an online forex broker would request. Unlike the overwhelmingly high minimum deposit, the broker offers rather low maximum leverage of just 1:100. Another extremely inconvenient feature, or shall we say, lack of – is the payment method which only includes wire transfer as an available deposit and withdrawal solution. ECN execution, competitive spreads.
Established in 2010, IronFX is one of the fast-expanding online brokers today. The brokerage is connected to widely known brokers such as ACM and FXPro and is one of the first brokers to obtain regulation by major authority bodies such as CySEC, ASIC, MiFID and FCA. Just recently World Finance magazine awarded IronFX with a title of “ Best FX Newcomer”. The broker operates a STP and ECN with many account types and several platform options including MetaTrader 4, mobile version and web-based interface.
WARNING: ITCFX has ceased it's financial services due to fraud.
Cyprus-based regulated broker, established in 2012 with over 50 currency pairs to choose from. USA traders are not accepted. Minimum deposit is $250, demo account is available, broker is not ECN. Islamic accounts are available, leverage up to 500:1. Payment methods – only wire and credit cards.
Founded in 2015, JCMFX is located in London and is a proud forex trading provider to 10,000 Real Accounts. The broker has grown to a large and well established international investment firm and aims to become true leader in the industry.
Juno Markets Review
Founded by traders, Juno Markets sets to deliver superior trading environment, transparency and personal service to its customers. Headquartered in New Zealand, Juno Markets roots its name to the Roman goddess Juno Moneta, the protector of funds. The broker is regulated by FSP in New Zealand.
Situated in Signapure, KGIeworld is wholly-owned subsidiary of KGI Securities Co.Ltd., one of the largest securities company in Taiwan established back in 1988 as a financial service provider in Asia-Pacific region. The broker is regulated by Monetary Authority of Singapore (MAS).
Larson&Holz forex trading broker is online since 2004 with various jaw-dropping awards from prestigious financial organizations. Minimum deposit of $250, payment options include wire, credit cards and neteller, most beloved trading platform MetaTrader 4 in desktop, web and mobile version with binary trading feature.
UK-based, FCA regulated broker, established back in 2005 as a spread betting provider. Currently, the broker offers more than 60 currency pairs, and various other trading instruments. There is Metatrader 4 platform and in-house LCG Trader web-based platform available only for ECN accounts. Minimum deposit requirement is $1 and leverage is up to 1:500.
WARNING: Broker's website seems to be down.
Broker with several account types, relatively high spreads and average leverage options. During the review, we were unable to locate the commission structure for ECN account anywhere on the site. The company the broker belongs to is registered in Cyprus, however there is no mentioning of the regulation by CySEC. Although LegacyFX claims to be regulated, at the time of this review, the broker was not found with main regulation authorities.
Liteforex has been a reputable, safe and well-known forex broker around the world since 2005. The main purpose of the broker is to make currency trading available for any trader. There is an option of cent accounts for an initial deposit of just $10.
It is easy to start with Liteforex – the registration process takes only couple of minutes. There are plenty of payment methods to choose from, allowing you the full range of flexibility when it comes to deposits and withdrawals. Both new and existing traders receive special treatment with wide variety of unique bonuses and promotions. Open Trading Account
LMFX has joined the forex arena in 2015 as an online foreign exchange broker with retail trading conditions, security and MetaTrader 4 platform available both in desktop and web versions.
Note: Londonfx has ceased to provide trading services. The broker is out of business.
LQDFX broker is situated in Marshal Islands and was established in 2015. This STP broker is not regulated at the moment. Clents funds are kept in segregated accounts. Minimum deposit requirement is $20, maximum leverage 1:200. Lots of account types including Islamic accounts and lots of payment options including Skrill, Paypal and Neteller.
Established in early February 2012, MahiFX is a market maker brokerage, which brings ASIC (Australia) regulated forex trading environment in 30 languages with tight spreads and cutting-edge interface on one of the most wanted trading platforms MetaTrader 4.
Markets Yes Review
Unregulated offshore broker located in Vanuatu with minimum deposit requirement of $250, 20:1 leverage, unclear spreads for basic and standard accounts, no obvious link to demo account and scarce payment options.
Established in 2009, Markets.com has earned its trustworthy reputation with the outstanding performance, competitive trading conditions and transparency. The minimum deposit requirement for the mini account is $100. There are several other account types to choose from are Standard and VIP. The broker is regulated and EU licensed, offering high safety standards to both beginners and advanced traders.
MasterForex MFX Review
SCAM ALERT: MasterForex discontinued its services. The broker's website is offline.
MBATrade is an UK, unregulated forex broker, established in 2016. Trading services are offered with minimum deposit requirement of $10, maximum leverage of 1:500 and wide range of trading instruments with either fixed or variable spreads. Demo account is available for practice. Trading platform is MetaTrader 4, both desktop and mobile version.
Note: Megatrader fx broker is disabled. The website automatically redirects to XM.com broker.
MEX Exchange Review
Regulated Australian forex broker MEX Exchange offers forex, metals, stocks and CFDs trading services. Minimum deposit requirement $25, leverage up to 1:500, minimum trade size 0.01 lot, MetaTrader 4 platform.
Note: The broker is disabled and the website redirects to swissquote.
Mocaz Financial Markets Review
Mocaz Financial Markets has been established in 2011. This is STP and ECN, unregulated forex broker with spreads as low as 2 pips. Maximum leverage is up to 300:1 and minimum deposit is $10.
As an introducing broker for PriorFX, MTNFX has been established in early 2015 and offers online trading services with competitive spreads and multilingual support by skilled representatives. The broker works on STP/ECN model with no Dealing Desk intervention.
Located in Malta, MXTrade is online forex broker owned by Grizzly Limited, serving clients from over 140 countries around the globe. The broker was established in 2015 and doesn't possess any regulation at the moment. Minimum deposit is $250.
Neferma is Denmark located, unregulated ECN forex broker with Cent, Classic, Demo and Islamic accounts, fixed spreads starting from 2 pips and maximum leverage up to 1:500. Broker offers plenty payment options including Neteller, Skrill and Webmoney.
Established in early 2012, NSFX.com is a regulated broker with vast understanding in finance, technology and innovation. Relatively new in the forex industry, NSFX stands strong among the competition as a reputable forex and ECN broker. Throughout easy-to-navigate and informative website, NSFX reviews its features and services in a comprehensive manner.
Oanda is one of the ‘ancient’ brokers that has been roaming the internet for ages. With wide variety of currency pairs to offer, including exotic currencies such Rupee, the broker opens its doors to traders all over the world, including USA traders.