With literally hundreds of retail forex brokers to choose from, finding the perfect partner for your trading strategy might sound like an impossible challenge.

As an investor, or a retail trader, you might have distinctive needs regarding the minimum account deposit, the funding methods, available trading platforms, or even safety of funds. Understanding what type of investor you are, or your trading style, can help determine which broker will be best suited for you.

That’s why our team of industry analysts put together the most popular forex brokers reviews, to help you make an informed decision.

But our forex brokers reviews are also based on user ratings, how retail traders (with a verified trading account) evaluate them. By merging our professional opinion, and the experiences of global traders, our forex broker reviews provide up-to-date ratings of our top 10 forex brokers in 2021.


IC Markets broker

IC Markets Review
Low trading costs and great customer support

Main Features
  • Low spreads, commissions and trading costs
  • Fast execution speeds and low latency times
  • High customer ratings

Established and incorporated in Sydney in 2007 by a team of professionals in the financial services industry, IC Markets is currently Australia's largest CFDs and forex brokerage services provider. IC Markets is dedicated to offering unbeatable trading conditions to retail traders, with an unbeatable combo of low spreads, low commissions and overall trading costs with their Raw Spread accounts. Let's check out IC Markets regulations, client money protection, pricing and popularity.

IC Markets Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
International Capital Markets Pty Ltd (AU) Australia ASIC Licence
segregated client money
30:1
IC Markets (EU) Ltd Cyprus CySEC Licence
segregated client money

up to €20,000
30:1
Raw Trading Ltd (SC) Seychelles FSA Licence
segregated client money
500:1

IC Markets Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
Raw
cTrader Raw
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
Myfxbook
ZuluTrade

IC Markets Spreads & Commissions

5.0

Pricing/Accounts Standard Raw Spread cTrader Raw Spread
Spread EUR/USD from 1.0 pip from 0.0 pip from 0.0 pip
Commissions (1 lot) from 7 USD from 6 USD
Minimum Deposit from 200 USD from 200 USD from 1,000 USD

Overall, IC Markets is a very reputable choice for traders looking for a highly regulated broker (in the EU and Australia), and above all, for those looking for an FX broker with competitive trading costs. Also, extra points for their excellent ECN environment trading conditions, with fast execution speeds, and low spreads.



IC Markets User Reviews

Check out below some of the feedback, from verified traders with a real IC Markets trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love IC Markets for:

  • "Deposit and withdrawal process is very fast."
  • "Support is sane, solves all issues."
  • "Great educational materials and a positive environment."
  • "Low latency, low spreads, low slippage. Honest and transparent."

Traders dislike IC Markets for:

  • "IC Markets Europe has many restrictions for professional clients."
  • "Slippage and weak execution can happen."
  • "CTrader mobile has malfunctioned occasionally."
  • "Exchange rate for deposits can be a bit high."

To find out more about IC Markets, and for our professional review about this broker, please follow the link below. Read the full IC Markets review.



Tickmill broker

Tickmill Review
Fast execution speeds, ideal for trading with EAs

Main Features
  • Good overall trading costs
  • Highly regulated broker
  • Very popular with traders using Automated Trading systems

Established in 2014, Tickmill is a UK-based broker, promoting a great trading environment, with low market spreads and no-requotes, using a STP (Straight-Through-Processing) model, with absolute transparency and with the latest in trading technology. The broker offers access to market liquidity from top banks and is highly rated with scalpers, and also with traders using Expert Advisors (EAs) and algorithmic trading systems, thanks to Tickmill's fast execution speeds and trading servers extremely low latency. Let's discover more about Tickmill regulations, client money protection, pricing and popularity.

Tickmill Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
Tickmill UK Ltd (UK) UK FCA Licence
segregated client money

up to £85,000
30:1
Tickmill Europe Ltd (EU) Cyprus CySEC Licence
segregated client money

up to €20,000
30:1
Tickmill Ltd (SC) Seychelles FSA Licence
segregated client money
500:1

Tickmill Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Classic
Pro
VIP
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
Myfxbook
ZuluTrade

Tickmill Spreads & Commissions

5.0

Pricing/Accounts Classic Pro VIP
Spread EUR/USD from 1.6 pip from 0.0 pip from 0.0 pip
Commissions (1 lot) from 4 USD from 2 USD
Minimum Deposit from 100 USD from 100 USD from 50,000 USD

Overall, Tickmill is it is a great choice for traders looking for fund's safety, as both entities in Europe (Tickmill UK Ltd and Tickmill Europe Ltd) have strong regulations in place, and solid retail investor protection mechanisms such as regulatory deposit insurance and negative balance protection. Tickmill is also the choice of several traders using automated trading systems and EAs, thanks to great trading conditions and the fast execution speeds promoted by the broker.



Tickmill User Reviews

Check out below some of the feedback, from verified traders with a real Tickmill trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love Tickmill for:

  • "Low spreads, lowest commissions, fast transaction speed."
  • "Funding and withdrawal are super fast and reliable."
  • "Strong regulatory bodies regulating it."
  • "Low commissions of 4 Euro per round lot."
  • "Unmatched execution speeds."

Traders dislike Tickmill for:

  • "Customer service could be better trained."
  • "Trading is available only with MetaTrader 4."
  • "It would be better to have MT5 and cryptocurrencies."
  • "Huge fees for SWIFT bank withdrawals."

To find out more about Tickmill, and for our professional review about this broker, please follow the link below. Read the full Tickmill review.



RoboForex broker

RoboForex Review
Cent accounts available (ideal for beginners)

Main Features
  • Competitive spreads and no withdrawal fees
  • More than 12,000 trading assets
  • Great forex educational materials

Established in 2009, RoboForex is a fast-expanding broker, reaching in 2018 more than 2,000,000 trading accounts opened! RoboForex is also a very popular broker for the variety of trading platforms on offer. Trading can be done via MT4 and MT5, cTrader and RoboForex proprietary platform, the R Trader (web version) and Mobile R Trader, suitable for trading on the go. With the R Trader platform traders can also, even with minimal coding knowledge, create their own automated strategy trading robot. Together with competitive pricing, and the availability of Cent accounts, ideal for beginners, RoboForex can offer an excellent trading environment, for beginners and experienced traders.

RoboForex Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
RoboForex (CY) Ltd (EU) Cyprus CySEC Licence
segregated client money

up to €20,000
30:1
RoboForex Ltd (BZ) Belize IFSC Licence
segregated client money
1000:1
RoboMarkets Ltd (Seychelles) Seychelles FSA Licence
segregated client money
1000:1

RoboForex Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
Cent
ECN
Prime
R Trader
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
R Trader
Myfxbook
ZuluTrade
CopyFX
RAMM

RoboForex Spreads & Commissions

5.0

Pricing/Accounts Pro Standard Pro Cent ECN Prime R Trader
Spread EUR/USD from 1.4 pip from 1.4 pip from 0.1 pip from 0.0 pip from 0.0 pip
Commissions (1 lot) from 20 USD (per million traded) from 10 USD (per million traded) from 0.50 USD Per Contract
Minimum Deposit from 0 USD from 0 USD from 0 USD from 100 USD from 5,000 USD

Overall, RoboForex is a great choice for traders looking for diversity of tradable assets (over 12,000) and trading platforms, but mainly, because of the broker's trading accounts in cents. With a cents trading account, especially for a beginner trader, it is possible to have the feel for the real forex market and its trading conditions, without risking a huge amount of cash.



RoboForex User Reviews

Check out below some of the feedback, from verified traders with a real RoboForex trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love RoboForex for:

  • "Offers free VPS if trade at least 3 lots per month."
  • "Very good, low spread and attentive support."
  • "Twice a month free withdrawal of funds. Replenishment without commission."
  • "Tight spread and slippage is very minimal during volatile market conditions."

Traders dislike RoboForex for:

  • "More shares in the US market."
  • "High on commissons & brokerage fee/swap fees."
  • "Customer Service is random. Sometimes Good, Sometimes Slow."

To find out more about RoboForex, and for our professional review about this broker, please follow the link below. Read the full RoboForex review.



ThinkMarkets broker

ThinkMarkets Review
Fast order execution via Equinix servers

Main Features
  • Great offering of worldwide stocks for trading
  • Excellent proprietary trading platform
  • Zero minimum deposit for the Standard account

Established in 2010, ThinkMarkets is a premium, multi-asset, online broker with headquarters in London and Melbourne. ThinkMarkets is a sound option for traders looking for an alternative broker, especially for cryptocurrencies trading, as the broker offers very competitive conditions. ThinkMarkets also boasts fast and reliable order execution due to a partnership with Equinix, the world's largest data centre. Trading with ThinkMarkets will be executed at one of Equinix's Data Centre, LD5 London or with Equinix in Hong Kong, the later set-up to best serve the broker's Asia's based traders, with the speed and reliability of high-performance data centres.

ThinkMarkets Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
TF Global Markets (Aust) Limited Australia ASIC Licence
segregated client money
30:1
TF Global Markets (UK) Limited UK FCA Licence
segregated client money

up to £85,000
30:1
TF Global Markets (South Africa) (Pty) Ltd South Africa FSCA Licence
segregated client money
500:1
TF Global Markets Int Limited Seychelles FSA Licence
segregated client money
500:1
Think Capital Limited (BM) Bermuda Registration 500:1

ThinkMarkets Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
ThinkZero
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
ThinkTrader
Myfxbook
ZuluTrade

ThinkMarkets Spreads & Commissions

5.0

Pricing/Accounts Standard ThinkZero
Spread EUR/USD from 1.0 pip from 0.0 pip
Commissions (1 lot) from 7 USD
Minimum Deposit from 0 USD from 500 USD

Overall, ThinkMarkets is a great choice for traders looking for a broker with good regulations in place and guaranteed safety of funds. Also on a positive note, the great range of tradable assets, with over 1,000 worldwide stocks to trade, and 16 popular cryptocurrencies CFDs. With competitive pricing, and the availability of their excellent proprietary trading platform, the ThinkTrader mobile App, this broker is one of our top recommendations for 2021.



ThinkMarkets User Reviews

Check out below some of the feedback, from verified traders with a real ThinkMarkets trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love ThinkMarkets for:

  • "Best broker for trading Indices with very tight spread."
  • "Trustworthy!"
  • "Possibility of deposit with PayPal."
  • "Withdrawals always quick and easy."
  • "Account opening was seamless."

Traders dislike ThinkMarkets for:

  • "Big spread on CFD, exotic pairs and cryptocurrencies."
  • "Swap rate is too high compare to many other brokers."

To find out more about ThinkMarkets, and for our professional review about this broker, please follow the link below. Read the full ThinkMarkets review.



Global Prime broker

Global Prime Review
Direct ECN market access, transparent trading

Main Features
  • Free deposit and withdrawals
  • Transparent trading with trade receipts
  • Professional customer service and support

Founded in 2010, Global Prime is an Australian owned, and operated, CFDs broker specialising in low latency connectivity to tier-1 bank liquidity and direct access to the ECN network, for an unrivalled trading experience. Global Prime's direct ECN market access, transparent trading with trade receipts, merges all of the institutional benefits for the retail traders. With this broker all the trades are sent directly into the market, and each trade can be confirmed by a trade receipt showing the liquidity provider who took the client's trade. Global Prime offers trading on currencies and commodities CFDs through tier-1 liquidity providers.

Global Prime Regulations & Client Money Protection Mechanisms

4.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
Global Prime Pty Ltd (AU) Australia ASIC Licence
segregated client money
30:1
Gleneagle Securities PTY Limited (VU) Vanuatu VFSC Licence
segregated client money
100:1
Global Prime FX Ltd (SC) Seychelles FSA Licence

Global Prime Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
ECN
Institutional
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
TraderEvolution
Myfxbook
ZuluTrade

Global Prime Spreads & Commissions

4.5

Pricing/Accounts ECN Institutional
Spread EUR/USD from 0.0 pip from 0.0 pip
Commissions (1 lot) from 7 USD from 7 USD
Minimum Deposit from 200 AUD or equivalent N/A

Overall, Global Prime is a broker to consider for traders looking for a company with competitive pricing and trade transparency with no dealing desk intervention. Contradictory, choosing a tier-4 regulator (offering little to no-protection to traders) to oversee the business activities of the international branch, could scare off some traders. Also, to improve, the scarcity of forex educational materials and the limitation of trading platforms available (currently only via MT4 for retail clients) could be enhanced to cater for more potential customers.



Global Prime User Reviews

Check out below some of the feedback, from verified traders with a real Global Prime trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love Global Prime for:

  • "The Customer service is superb! Fast and reliable."
  • "Very good support, no problems with execution."
  • "Verification wasn't hard as long as you have your documents submitted properly."
  • "Very transparent broker with statistics of actual slippages."
  • "Low commission, fast service and great customer support."

Traders dislike Global Prime for:

  • "Their drawback is low leverage (1:100)."
  • "The spread is not tight enough with commission charges for each open position."
  • "Trading is only available with MT4."

To find out more about Global Prime, and for our professional review about this broker, please follow the link below. Read the full Global Prime review.



Exness broker

Exness Review
Massive 2000:1 maximum leverage available

Main Features
  • Competitive overall trading costs
  • Cent accounts available (great for beginners)
  • Trading accounts in 61 base currencies

The Exness Group was founded by a group of like-minded professionals in the area of finance and information technology back in 2008. After reaching tremendous popularity with the trading community, and after the ESMA intervention on leveraged CFDs, in October 2019, Exness ceased its UK and Cyprus regulated retail operations. Currently, the Exness Group offers exclusively Professional accounts to institutions in the EU (through Exness (CY) Ltd) and in the UK (through Exness (UK) Ltd). Retail accounts to worldwide traders (restrictions apply) are available through Nymstar Limited, regulated by the Seychelles FSA, and offering up to 2000:1 maximum leverage. Exness (Nymstar Limited) has a very limited choice of assets available for trading; up to 120 instruments, including FX, indices, stocks, commodities and cryptocurrencies.

Exness Regulations & Client Money Protection Mechanisms

2.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
Nymstar Limited (SC) Seychelles FSA Licence 2000:1

Exness Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
Cent
Raw Spread
Pro
Zero
ECN
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
Myfxbook
ZuluTrade

Exness Spreads & Commissions

4.0

Pricing/Account Standard/Cent Raw Spread Pro Zero ECN
Spread EUR/USD from 1.0 pip from 0.0 pip from 0.6 pip from 0.0 pip from 0.7 pip
Commissions (1 lot) from 7 USD from 7 USD from 25 USD
Minimum Deposit from 1 USD from 200 USD from 200 USD from 200 USD from 200 USD

Overall, the Exness broker can be a good choice for traders looking for competitive pricing and the extra muscle regarding leverage. The massive 2000:1 maximum leverage ratio scores high marks with traders looking for a broker that can offer more than the restricted leverage imposed by the ESMA and the ASIC. On the downside, the limited offering of tradable assets, but especially the choice of financial regulator, the Seychelles FSA, a tier-4 regulator that lacks the proper mechanisms to protect retail client's funds, are all ingredients that can penalize Exness's popularity.



Exness User Reviews

Check out below some of the feedback, from verified traders with a real Exness trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love Exness for:

  • "Accounts can be opened in many currencies."
  • "Instant withdraw feature is excellent, best customer service."
  • "High leverage and quick ID verification."
  • "Great broker with low spread and instant withdrawals."

Traders dislike Exness for:

  • "Licensed by Seychelles FSA."
  • "Limited selection of tradable assets."
  • "Trading is only available with MT4 and MT5."

To find out more about Exness, and for our professional review about this broker, please follow the link below. Read the full Exness review.



XM broker

XM Review
Mini and Nano lots accounts available

Main Features
  • Multiple trading accounts with different pricing
  • Loyalty scheme and no deposit trading bonus
  • Accepts Japanese clients

The XM Group is more than just one retail broker. In reality its a group of regulated online brokers, under the parent company, Trading Point of Financial Instruments Ltd., established in 2009. With over 3,500,000 accounts and customers in 196 countries (according to their corporate website) the XM Group seems to have captured the attention of a lot of traders, thanks to the broker's attractive promotions and range of trading accounts, included the availability of Mini and Nano lots accounts, ideal for trading on a budget. Trading with XM is only available via MetaTrader 4 and 5, on a range of over 1,300 assets, including CFDs on forex, indices, stocks, futures and commodities.

XM Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
Trading Point of Financial Instruments Limited (EU) Cyprus CySEC Licence
segregated client money

up to €20,000
30:1
Trading Point of Financial Instruments UK Limited (UK) UK FCA Licence
segregated client money

up to £85,000
30:1
Trading Point of Financial Instruments Pty Ltd (AU) Australia ASIC Licence
segregated client money
30:1
Trading Point MENA Limited (UAE) Dubai DFSA Licence
segregated client money
50:1
XM Global Limited (International) Belize IFSC Licence
segregated client money
888:1

XM Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
XM Global Limited
Micro
Standard
XM Ultra Low
Shares

XM (EU)
Micro
Standard
XM Zero

XM (AU)
Micro
Standard
XM Ultra Low
XM Zero

PAMM
Islamic Accounts
Forex
Indices
Stocks 
Futures 
ETFs
Bonds 
Commodities
Cryptos
MT 4
MT 5
cTrader
Myfxbook
ZuluTrade

XM Spreads & Commissions

3.5

Pricing/Account Micro Standard XM Ultra Low XM Zero Shares
Spread EUR/USD from 1.6 pip from 1.6 pip from 0.6 pip from 0.1 pip N/A
Commissions (1 lot) from 7 USD variable
Minimum Deposit from 5 USD from 5 USD from 50 USD from 100 USD from 10,000 USD

The XM broker is a market maker broker, but can be a good choice for traders looking for a reputable company, due to its regulatory status by several tier-1 financial supervisors and for their strong client money protection mechanisms in place. Contrarily, the offering of trading platforms (currently only MT4 and MT5) could be improved to satisfy other traders. Also, negatively, the uncompetitive cost of trading for the Micro and Standard accounts could benefit from a lower spread rate.


XM User Reviews

Check out below some of the feedback, from verified traders with a real XM trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love XM for:

  • "Their customer service is awesome. They reply quickly and clearly."
  • "Good withdrawal methods and excellent customer care."
  • "Excellent trading platforms."
  • "Recommended for foreign FX beginners."

Traders dislike XM for:

  • "The price on chart not 100% correct when you compare to other providers."
  • "Spread is very large and at midnight the spread is too huge so that it hit off your stop-losses."
  • "Huge slipage."

To find out more about XM, and for our professional review about this broker, please follow the link below. Read the full XM review.



Pepperstone broker

Pepperstone Review
Great range of social trading platforms

Main Features
  • Strong regulations in place
  • Excellent range of educational materials
  • Competitive trading costs

Established in 2010, with headquarters in Melbourne, and with offices in China, Thailand, Ukraine, United Kingdom and the United States, Pepperstone caters for traders from all over the world, also thanks to the multitude of account currencies available – from AUD to SGD. Pepperstone is also a popular retail broker with traders for the variety of trading platforms on offer and for their fast deposit and withdrawals processing times. Trading can be executed with the MT4, MT4 MultiTerminal, MT5, Multi-Account Manager (MAM) and cTrader. Pepperstone has a limited range of 150 assets to trade, including CFDs on forex, indices, stocks, commodities, futures and cryptocurrencies.

Pepperstone Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
Pepperstone Group Limited (AU) Australia ASIC Licence
segregated client money
30:1
Pepperstone Limited (UK) UK FCA Licence
segregated client money

up to £85,000
30:1
Pepperstone Financial Services (DIFC) Limited Dubai DFSA Licence
segregated client money
30:1
Pepperstone Markets Limited (BA) Bahamas SBC Licence
segregated client money
500:1

Pepperstone Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
Razor
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
Myfxbook
ZuluTrade
Mirror Trader
Duplitrade

Pepperstone Spreads & Commissions

4.5

Pricing/Account Standard Razor
Spread EUR/USD from 1.0 pip from 0.0 pip
Commissions (1 lot) from 7 AUD/ GBP 4.59
Minimum Deposit from 200 AUD or equivalent from 200 AUD or equivalent

The Pepperstone broker can be a great choice for traders looking for safety of funds with a highly regulated broker. Also, on a positive note, Pepperstone boasts competitive trading costs, with the BTC/USD average spread 40.49, for example, and especially for the tight spreads of the Razor account. Pepperstone also offers a great range of trading platforms, with a highlight on social trading, via the Mirror Trader and Duplitrade platforms, making it the ideal broker for investors looking to copy more experienced traders.



Pepperstone User Reviews

Check out below some of the feedback, from verified traders with a real Pepperstone trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love Pepperstone for:

  • "Low latency with the right VPS, and fast execution."
  • "Great customer service and reasonably tight spreads."
  • "Customer service is of the best ever!"
  • "Razor account has very low spread with competitive commision and fast execution."

Traders dislike Pepperstone for:

  • "Withdrawing funds to a bank account takes at least 2-3 weeks."
  • "Huge slippage (more than 30pips)."
  • "Poor trade execution at times."
  • "Spike in spread that occurs sometimes."

To find out more about Pepperstone, and for our professional review about this broker, please follow the link below. Read the full Pepperstone review.



Axi broker

Axi Review
Excellent proprietary trading platform (AxiOne)

Main Features
  • Access to the PsyQuation analytics platform
  • Accepts Japanese clients
  • Competitive pricing and trading costs

Founded in 2007, Axi is the trading name of AxiTrader Limited, an International Business Company incorporated in the St. Vincent and the Grenadines. With tens of thousands of accounts opened in more than 12 years of business, and operating in over 100 countries, Axi managed to capture the attention of traders. Axi is also a popular retail broker for its trading platforms, such as the excellent Axi's proprietary platform, the AxiOne, offering direct liquidity from multiple venues. Also included with AxiOne, access to 7 exchanges, multi-asset trading (forex CFDs, spread-betting, metals and NDFs) with multi-connectivity options, and with the unique feature of being open for trading at 5am Sydney time - 2 hours earlier than most other brokers.

Axi Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
AxiCorp Financial Services Pty Ltd (AU) Australia ASIC Licence
segregated client money
30:1
AxiCorp Limited (UK) UK FCA Licence
segregated client money

up to £85,000
30:1
AxiCorp Financial Services Pty Ltd (DIFC branch) Dubai DFSA Licence
segregated client money
50:1
AxiTrader Limited (SVG) St. Vincent & the Grenadines Registration
segregated client money
500:1

Axi Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
Standard
Pro
PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
AxiOne
Myfxbook
ZuluTrade

Axi Spreads & Commissions

5.0

Pricing/Account Standard Pro
Spread EUR/USD from 1.0 pip from 0.0 pip
Commissions (1 lot) from 7 USD
Minimum Deposit from 0 USD from 0 USD

Overall, the Axi broker can be a good choice for traders searching for a highly regulated broker with safety of funds. Also on a positive note, Axi's excellent educational materials, with the highlight to the online trading courses provided by the London Stock Exchange and accredited by the Knightsbridge Trading Academy (subject to an account deposit value of $USD 1,900 or equivalent). And for the savvier traders, the free access to the PsyQuation platform, an AI powered analytics platform analysing investors trading history and style, able to guide traders towards better trade decisions and improved profitability.



Axi User Reviews

Check out below some of the feedback, from verified traders with a real Axi trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love Axi for:

  • "Low spread and good execution."
  • "Some nice unique features like Psyquation."
  • "Regulated broker. Pro account spread is extremely low."
  • "Smooth and fast deposit/withdrawal system with neteller and skrill."

Traders dislike Axi for:

  • "The website could be better and more modern."
  • "High slippage."
  • "Deposit/withdraw exchange rate is bad."
  • "Their customer support is not very helpful."

To find out more about Axi, and for our professional review about this broker, please follow the link below. Read the full Axi review.



FP Markets broker

FP Markets Review
Great range of 10,000+ stocks available for trading

Main Features
  • Zero fees for deposits and withdrawals
  • Competitive rollover rates
  • Excellent IRESS trading platform

Founded in 2005, First Prudential Markets Pty Ltd (FP Markets) is an Australian-based online broker offering traders access to a full suite of CFDs across forex, equities, indices, metals, commodities and cryptocurrencies. FP Markets is part of a group of companies with over 36 industry awards in the field of client servicing and execution technologies. Investors can trade on a multitude of assets, including a great range of 10,000+ stocks through a selection of industry-leading platforms including the classic MT4, MT5, and IRESS. By offering a combination of competitive pricing, fast execution speeds, robust trading platforms, and a good product range, FP Markets has all the key ingredients to give clients the confidence to trade.

FP Markets Regulations & Client Money Protection Mechanisms

5.0

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection Maximum Leverage
First Prudential Markets PTY Ltd (AU) Australia ASIC Licence
segregated client money
30:1
First Prudential Markets Ltd (EU) Cyprus CySEC Licence
segregated client money

up to €20,000
30:1
FP Markets LLC (SVG) St. Vincent & the Grenadines Registration
segregated client money
500:1

FP Markets Accounts, Assets & Platforms

Accounts Assets Trading Platforms Social Trading
MT4/5
Standard
Raw

IRESS
Standard
Platinum
Premier

PAMM
Islamic Accounts
Forex
Indices
Stocks
Futures
ETFs
Bonds
Commodities
Cryptos
MT 4
MT 5
cTrader
IRESS
Myfxbook
ZuluTrade

FP Markets Spreads & Commissions

4.5

Pricing/Account MT4/5 Standard MT4/5 Raw IRESS Standard IRESS Platinum IRESS Premier
Spread EUR/USD from 1.1 pip from 0.0 pip Commission based Commission based Commission based
Commissions (1 lot) from 6 USD $10 min, then 0.1% $9 min, then 0.09% 0.08%
Minimum Deposit from 100 AUD or equivalent from 100 AUD or equivalent from $ 1,000 from $ 25,000 from $ 50,000

In a nutshell, FP Markets can be a considerable choice for investors looking to diversify their trading portfolio, thanks to FP Markets great variety of asset classes - especially for stock traders - and on our recommendation, for traders considering the trading of cryptocurrencies, as their spreads are some of the most competitive we have found across the net (BTC/USD average spread of 25.91, for example). Another great feature of FP Markets is the offering of the IRESS, a platform with advanced functionalities, merging Direct Market Access (DMA), and allowing CFDs trading in stocks and futures along with other non-DMA financial instruments such as indices, commodities and FX.



FP Markets User Reviews

Check out below some of the feedback, from verified traders with a real FP Markets trading account, left on our partner website: FXVerify.com - impartial forex brokers reviews.

Traders love FP Markets for:

  • "Free deposit/withdrawal now even via PayPal."
  • "Relatively stable spreads even during news."
  • "Low spread, good leverage size and fast payout."
  • "Fastest data for MT4, ideal for trading with an EA."

Traders dislike FP Markets for:

  • "For standard accounts the spread is large."
  • "User Portal runs a little slowly."
  • "Withdrawal can take too long."
  • "Sometimes very high slippage."

To find out more about FP Markets, and for our professional review about this broker, please follow the link below. Read the full FP Markets review.



Conclusion

Online retail trading is an extremely competitive industry, and with dozens of retail brokers fighting to get your attention, finding the best broker to fit your needs can take some time. Especially with brokers now offering all kinds of incentives to attract your business, from account opening bonuses to other features like mobile trading and market signals.

When researching for a retail forex broker traders need to think about their immediate needs as traders. There are several variables to take into account during the process of searching for a suitable broker.

Some traders, like scalpers, prefer a broker with fast execution speeds and low server latency, others prefer a broker offering a reliable, and more professional, trading platform. Other traders only consider the spread of the EUR/USD, for example. But every trader wants, and needs, a broker that can be trusted with their account deposits.

To help you in the process of finding a retail broker easier, our forex broker reviews list above covers the most important key points, such as regulations, client money protection mechanisms, maximum available leverage, spreads and commissions, and the so important user's feedback.

Together with our professional review, focusing on the key features of each broker, we have also included the opinions of real traders with a trading account, and using the services of a broker. After all, these opinions, from other traders, can be the decisive point for your choice.

Our focus is to give traders the best tools to make informed decisions, and we're here to help with our reviews, ratings, and rankings. You can also help the trading community with your review. Go to FXVerify - forex brokers reviews, find your broker from the list and share your views and tips. Ultimately, please use the comments box below. We do appreciate any feedback from our readers.