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Forex Rating, Best Brokers Reviewed and Rated by Real Traders

Compare regulation, leverage, minimum deposit and bonus offers side by side. Every position in our ranking comes from real For and Against votes, not from paid placements.

  • 274+Brokers listed
  • 21Broker categories
  • 100%Trader-voted ranking
  1. 1 36%4% against
  2. 2 35%4% against
  3. 3 35%1% against
  4. 4 35%4% against
  5. 5
    XM
    35%1% against

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Recommended Forex Brokers Chosen by Traders

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Trusted
4.5/5 35% For

RoboForex

RoboForex Welcomes new traders with a $30 No Deposit Bonus, letting you start live trading without risking your own funds

Legal entity & licence

Roboforex is an STP/ECN/MM forex and CFD broker based in Belize, founded in 2009. Regulation: The Financial Services Commission (FSC) under the Securities Industry Act 2021. Tradable markets include Forex, Cryptocurrencies, Metals, Commodities, Spot, Oil, CFDs, Indexes, Shares, Indices.

Trusted
4.9/5 35% For

XM

Open your trading account now — Join a multi-regulated broker offering up to $5,000 in Deposit Bonuses every month. Discover XM's award-winning trading with zero commissions and lightning-fast execution. Get Started with a Bonus.

Legal entity & licence

Headway by JAROCEL PTY LTD (registration number 2021/883863/07); address 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa, +27 10 2402 0603. JAROCEL PTY LTD is authorised and regulated by FSCA (Financial Sector Conduct Authority), license number 52108.

Trusted
4.5/5 36% For

JustMarkets

Enjoy the JustMarkets $30 Forex No Deposit Bonus and test trading strategies without funding your Trading Account.

Legal entity & licence

Just Global Markets Ltd is a registered company in Seychelles, with the registration number 8427198-1. You'll find their office at Office 10, Floor 2, Vairam Building. The company holds a Securities Dealer License (SD088) & follows the rules of the Seychelles Financial Services Authority (FSA).

Trusted
4.9/5 35% For

Valetax

Claim the Valetax $30 No Deposit Bonus and start playing top casino games right away. No deposit needed,

Legal entity & licence

Valetax International Limited operates under strict oversight from the Mauritius Financial Services Commission (FSC) with license number GB21026312. It's officially registered in Mauritius with registration number 180644.

Forex brokers ranked by trader votes
# Logo Forex Broker Year For Against Type Regulation Leverage Account Action
1 JustMarkets 2012 36% 4% ECN/STP FSACySEC +2 1:3000* 1 Review
2 Headway 2023 35% 4% CFDs FSCA 1:1000* 100 Review
3 Valetax 2023 35% 1% ECN/STD FSC 1:2000* 10 Review
4 RoboForex 2009 35% 4% ECN/STD FSC 1:2000* 10 Review
5 XM 2009 35% 1% Broker, MM ASICCySEC +1 1:888* 10 Review
6 InstaForex 2007 34% 2% ECN/STD BVI FSCCySec 1:1000* 1 Review
7 KCM Trade 2016 32% 3% ECN/STD FSC 1:400* 100 Review
8 Plotio 1983 31% 2% STP HKGXASIC +1 1:300* 200 Review
9 FISG 2011 30% 1% ECN/STD FSACySEC +1 1:500 0.01 Review
10 Hantec Markets 1990 30% 6% ECN/STP ASICFCA +3 1:2000* 100 Review
11 Amillex 2025 29% 6% ECN/STP ASICFCA Up to 1:500 100 Review
12 ATFX 2017 25% 3% Broker/NDD FCACySEC +1 1:400* 100 Review
13 Octa 2011 20% 3% ECN/STD CySECMISA +2 1:1000* 5 Review
14 Trust Capital 2019 20% 2% CFDs FSACySEC +1 Up to 1:1000 100 Review
15 Uniglobe markets 2015 20% 3% ECN/STP Yes Up to 1:500 100 Review
16 Axiory 2011 15% 5% Broker, NDD IFSCFSC +1 1:777* 10 Review
17 FBS 2009 13% 4% ECN/STD IFSCCySEC +2 1:3000* 100 Review
18 World Forex 2015 12% 10% ECN/STP FSP Up to 1:400 100 Review
19 Yamarkets 2018 11% 2% ECN/STD VFSCMISA 1:1000* 100 Review
20 RaiseFX 2022 11% 6% ECN/STP (FSP 50455) Up to 1:500 100 Review
21 AdroFx 2018 10% 5% ECN/STD VFSCFSRA +1 1:500* 100 Review
22 FXTRADING 2014 9% 3% ECN/STD AFSLVFSC 1:500* 100 Review
23 FXTM 2011 5% 0% ECN/STD/MM FSCFCA +2 1:500 10 Review
24 ActivTrades 2001 5% 1% ECN/STD FCACSSF 1:300* 250 Review
25 Capital 2016 5% 0% ECN/STD FSAASIC +2 1:400* 20 Review
26 Exness 2008 5% 0% ECN, Market Maker, NDD FCACySEC +4 1000 1 Review
27 FX Choice 2009 5% 30% NDD, Market Execution FSC 1:200* 100 Review
28 FxPro 2006 4% 0% Broker, NDD CySECFCA +2 1:200* 10 Review
29 HFM 2010 4% 3% ECN/STD CySECFCA +4 1:1000* 5 Review
30 IronFX 2010 4% 3% ECN/STD FCAASIC +2 1:500* 10 Review
31 FXCM 1999 4% 0% ECN/STD FCAASIC +2 1:500* 10 Review
32 NordFX 2008 4% 0% ECN/STD VFSCCySEC +1 1:1000* 10 Review
33 FP Markets 2005 4% 0% ECN/STP/DMA ASICCySEC 1:1000* 100 Review
34 AMarkets 2007 4% 0% ECN/STD SVGFSA (FSA) 1:1000* 10 Review
35 M4Markets 2020 4% 0% ECN/STD SVGFSALicence No SD035 1:500* 50 Review
36 CWG Markets 2018 4% 0% ECN/MM FCA (UK) VFSC 1:500* 100 Review
37 Eightcap 2009 4% 0% ECN/STD ASICVFSC 1:500* 100 Review
38 Skilling 2018 3% 0% ECN/STD CySecFSA Seychelles 1:1000* 10 Review
39 LBLV 2018 3% 0% ECN/STD Seychelles FSA 1:500* 10 Review
40 FXCC 2010 3% 0% ECN/STD/MM CySEC 1:200* 10 Review
41 Libertex 1997 3% 0% ECN/STD CySEC 1:3000* 10 Review
42 Axiance 2020 3% 1% ECN/STD CySECFSA +1 1:100* 100 Review
43 FXPRIMUS 2015 3% 0% ECN/STD FSCAVFSC +1 1:500* 100 Review
44 TMGM 2017 3% 0% ECN/STD ASICFSP +1 1:400* 200 Review
45 easyMarkets 2001 3% 0% Broker CySECMiFID +1 100 25 Review
46 Oanda 1996 3% 0% Broker, MM CFTCNFA +1 50 1 Review
47 eToro 2007 3% 0% ECN/STD/MM CySECASIC +1 400:1 50 Review
48 Tickmill 2014 3% 0% ECN/STD FCA (UK)FSA +3 1:500* 100 Review
49 HYCM 1977 3% 0% ECN/STD CySECFCA +3 1:200* 100 Review
50 XTB 2002 3% 0% ECN/STP FCA 1:200* 250 Review

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kamal
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Customer service is outstanding... I am with FBS for nearly 2 years and the thing I like most at FBS is customer service. Their support is 2...
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They are transparent on all transactions and explain everything clearly. I never had fear and i am confident in trading with them.
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Forex Broker Rating – Frequently Asked Questions

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Choosing a broker

Who decides the order of the AllForexRating list?

Traders do. Each broker passes our six checks first, then its place in the list comes from real For and Against votes left by our visitors.

What does a high Against score tell me?

That many traders had a bad experience. Read the latest reviews, especially about withdrawals, before you open an account.

How do I check a broker’s licence in 2 minutes?

Copy the licence number from the broker’s footer, search it on the regulator’s own register and make sure the website listed there is the same.

Bonuses & promotions

Is a no deposit bonus really free?

You get trading credit without paying in, but you can only cash out the profit after verification and the required trading volume.

Can I take the same bonus twice?

No. Brokers allow one no deposit bonus per person, household and IP address. Offers from different brokers are fine.

Bonus or low spreads – what matters more?

Low spreads and solid regulation save you more over time. Treat a bonus as a free test drive of the broker, not the reason to choose it.

Trading basics

Is 1:1000 leverage a good idea?

Only if you trade tiny positions with a stop-loss. High leverage grows losses as fast as profits, so beginners should keep it low.

ECN or Market Maker – which is better?

ECN accounts give raw spreads plus a commission and suit active traders. Market Maker accounts are simpler, with the cost built into the spread.

Should I start on a demo account?

Yes. A free demo with live prices lets you learn the platform and test your plan before you risk real money.

All Forex Rating Standards of Broker Selection, Ratings and Reviews

Years of research and reviews collected from users have made AllForexRating a trusted starting point for new traders. We continuously select, recalculate and update information on global forex brokers from Asia, Africa, the Middle East, Europe and the Americas, re-checking broker websites and other public sources. Broker selection is based on customer support, trading range, deposit system and real customer reviews, and the whole rating system is transparent and user-based.

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