• Wide range of product offerings
  • TradingView charts built into web platform
  • Regulated by FCA (U.K.) & CFTC, NFA (U.S.)
  • Offers protection for U.K./E.U. client accounts
  • Rebates for high-volume traders
  • No account protection for U.S. clients
  • No guaranteed stop losses for U.S. clients

Reviewed broker:

Operated by: the broker is a subsidiary of GAIN Capital Holdings.

Regulation: US Commodity Futures Trading Commission CFTC, National Futures Association NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)

2017, FXCM reached a settlement related to charges by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market. A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand to transfer all accounts at no expense to the customer. No date has been set for the transition yet.

Location: USA

Representative offices: US, UK, Canada, Japan, and Australia

USA Traders: allowed

Established in 1999

Trading instruments: Forex, commodities, indices

Why traders choose

Clear & competitive pricing

Maximize your potential with straightforward pricing and exceptional trade executions.

Real time market analysis

Stay ahead of price action with access to actionable market insights, real time trade signals and more.

Professional trading platforms

Trade with maximum control on our advanced forex trading platforms optimized for currency traders.

Quality execution on every trade

Many brokers claim to have superior execution, but do they have the numbers to back it up? We do.

Transparent, competitive pricing

Get the most out of every trade with our clear, competitive pricing. No complicated schemes, no small print.

Key reasons to trade forex

Flexible schedule

You can trade 24 hours a day, five days a week.

World of opportunity

Trade forex in rising and falling markets.

No commissions

The cost of trading is reflected in the spread.

Take advantage of leverage

Gain full exposure with just a small initial deposit  (with increased leverage comes increased risk)

Trading Platform Features of

Trading platforms: ForexTrader, Metatrader 4 MT4


The flagship platform for currency traders puts you in the driver’s seat of your trading experience. Trade your plan with maximum control over your strategy, performance and speed.  One account give you access to your account from desktop, mobile or tablet device.

MetaTrader 4

Here you have the world’s largest MT4 broker. Experience MT4 at its best with reliability, integrated insights and account management features.

  • Integrated Reuters news and global market research
  • Free EA hosting capabilities
  • Web and mobile trading support

Web-based interface: yes

Download interface: yes

Currency pairs: 50

Account types: standard, activetrader premium

Minimum deposit requirement: $250 which is a bit high compared to other alternative forex brokers such as XM, IG, FxPro, CMC Markets, and Plus500 and others

Maximum leverage: 1:50 (for USA traders) , 1:200

Real-time charting: yes

Pattern recognition Autochartist: yes

Spreads start from 1.4 pips on major currency pairs

Minimum trade size: 0.01

1 click trading: yes

Advanced order types: OCO, if/then, trailing stops

Demo account: available, but limited, however can be renewed upon request

Segregated accounts for client funds: no

Islamic swap-free accounts: no

Managed accounts: available

Spread types: variable

Educational material: yes

Trading signals: yes

Scalping: allowed

Hedging: not allowed

Automated trading: available

VPS services: no

API trading: yes 

Cons of the broker explained

  • does not offer “negative balance protection” for U.S. clients. This means that U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts.
  • does not offer guaranteed stop loss orders (GSLO) for U.S. clients.
  • An effective web presence is crucial for an online broker. While’s website has an intuitive feel, there are a few pages with either incorrect, outdated, and/or incomplete information, which speaks to a general lack of attention to detail.

Payment methods within

Minimum deposit requirement: $1,000 very high requirement compared to other online forex brokers such as XM, eToro, Avatrade, Instaforex and others.

Payment methods include credit cards, wire transfer, Skrill and Neteller

Customer Service

Online chat: available

Email support: yes

Phone representatives: yes

Educational Material and Promotions

Education: steaming market commentary, market research and review, trading central, reuters news, economic calendar, Tutorials for Beginner, Intermediate and Advanced traders, Platform Tutorials, fundamental and technical analysis

Promotion: during our review we were unable to find any promotional bonus offers from the broker.

How was the rating of performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FX broker performance and features. 

Overall our online review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online or you find inaccurate details  broker review please get in touch with us and the changes will be applied. 

top forex broker


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Regulation: ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the British Virgin Islands, CIMA in the Cayman Islands and RAK in the UAE

Regulation: Financial Conduct Authority UK FCA, VFSC Vanuatu, Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL)

Regulation: ASIC, CIMA, FSC

Regulation: ASIC

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2023, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.