XM
Min: Deposit $1, Leverage up to 1:500, Type ECN/STP $150 No Deposit Bonus
Forex Rating: Best Forex Brokers Reviewed & Rated by Real Traders
Compare 274+ forex brokers by regulation, leverage, minimum deposit and no deposit bonus offers — ranked by trader votes and real user reviews.
- 274+ brokers
- 21 categories
- 100% trader-voted
- See top 50 →
Forex No Deposit Bonus Offers This Month
Hand-picked welcome offers from brokers our visitors vote for most. Always read the broker's bonus terms before you open an account.
JustMarkets
120% Forex Bonus, Min: Deposit: 100 USD, Broker Type: STP/NDD $30 Free Bonus
RoboForex
Minimum Deposit $5, Leverage up to 1:2000 Broker: STP/ECN, $30 Free Trading Bonus
Latest Forex Articles and Broker Guides
Forex Rating – Best Forex Brokers by Category
Every trader is different. Jump straight to the list that matches your platform, strategy or payment method.
- All Forex BrokerFull broker directory 274brokers
- Bitcoin BrokersTrade BTC CFDs 92brokers
- Ethereum BrokersTrade ETH CFDs 90brokers
- MT5 Forex BrokersMetaTrader 5 112brokers
- MT4 Forex BrokersMetaTrader 4 132brokers
- PAMM Forex BrokersManaged accounts 90brokers
- Low Spread BrokersTight pricing 87brokers
- ECN Forex BrokersDirect market access 97brokers
- Scalping BrokersFast execution 88brokers
- Hedging BrokersHedging allowed 79brokers
- Copy Trading BrokersFollow pro traders 84brokers
- Micro Forex BrokersSmall lot sizes 89brokers
- PayPal Forex BrokersPayPal deposits 80brokers
- CFD Forex BrokersIndices, stocks, oil 92brokers
- Gold Trading BrokersXAU/USD trading 90brokers
- Bonus Forex BrokersWelcome offers 95brokers
- US Forex BrokersFor US clients 64brokers
- Best Forex BrokersTop picks 72brokers
- Best International BrokersGlobal access 88brokers
- Best US BrokersFor US traders 57brokers
- Best Asian BrokersFor Asian traders 65brokers
Recommended Forex Brokers Chosen by Traders
A recommended broker is one traders keep using and suggest to others after real trading experience. Each card shows the current offer and the legal entity, so you can verify the licence yourself.
Headway
Headway Welcomes new traders with a $150 no deposit bonus, letting you start live trading without risking your own funds
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.
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).
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.
Bonus offers are set by brokers, can change without notice and come with trading-volume and withdrawal conditions.
Top 50 Forex Brokers Ranked by Trader Votes
Compare brokers by user votes, founding year, execution type, regulation, maximum leverage and minimum deposit. Click a column header to sort, use the quick filters or search by name.
- 50Brokers ranked
- 36%Top vote share
- 274+Brokers listed
- 21Categories
Showing 20 of 50 brokers
| # | Logo | Forex Broker | Year | For | Against | Type | Regulation | Leverage | Account | Action |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | JustMarkets | 2012 | 36% | 4% | ECN/STP | FSA, CySEC, FSCA, FSC | 1:3000* | 1 | Review | |
| 2 | Headway | 2023 | 35% | 4% | CFDs | Regulated by 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, Number 000138/333 | 1:2000* | 10 | Review | |
| 5 | XM | 2009 | 35% | 1% | Broker, MM | ASIC, CySEC, IFSC | 1:888* | 10 | Review | |
| 6 | InstaForex | 2007 | 34% | 2% | ECN/STD | BVI FSC, CySec | 1:1000* | 1 | Review | |
| 7 | KCM Trade | 2016 | 32% | 3% | ECN/STD | FSC | 1:400* | 100 | Review | |
| 8 | Plotio | 1983 | 31% | 2% | STP | HKGX, ASIC, SCB | 1:300* | 200 | Review | |
| 9 | FISG | 2011 | 30% | 1% | ECN/STD | FSA, CySEC, ASIC | 1:500 | 0.01 | Review | |
| 10 | Hantec Markets | 1990 | 30% | 6% | ECN/STP | ASIC, FCA, FSA-Japan, FSC, JSC | 1:2000* | 100 | Review | |
| 11 | Amillex | 2025 | 29% | 6% | ECN/STP | ASIC, FCA | Up to 1:500 | 100 | Review | |
| 12 | ATFX | 2017 | 25% | 3% | Broker/NDD | FCA, CySEC, FSCA | 1:400* | 100 | Review | |
| 13 | Octa | 2011 | 20% | 3% | ECN/STD | Regulation: CySEC, MISA, FSCA and FSC | 1:1000* | 5 | Review | |
| 14 | Trust Capital | 2019 | 20% | 2% | Forex / CFD Broker (STP) | FSA, CySEC, SCA | 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 | IFSC, FSC, FCA (UK) | 1:777* | 10 | Review | |
| 17 | FBS | 2009 | 13% | 4% | ECN/STD | IFSC, CySEC, ASIC, FSCA | 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 | VFSC, MISA, | 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 | VFSC, FSRA, FSA | 1:500* | 100 | Review | |
| 22 | FXTRADING | 2014 | 9% | 3% | ECN/STD | AFSL, VFSC | 1:500* | 100 | Review | |
| 23 | FXTM | 2011 | 5% | 0% | ECN/STD/MM | FSC, FCA, CySEC, FSCA | 1:500 | 10 | Review | |
| 24 | ActivTrades | 2001 | 5% | 1% | ECN/STD | FCA, CSSF | 1:300* | 250 | Review | |
| 25 | Capital | 2016 | 5% | 0% | ECN/STD | FSA, ASIC, FCA, CySEC | 1:400* | 20 | Review | |
| 26 | Exness | 2008 | 5% | 0% | ECN, Market Maker, NDD | FCA, CySEC, SFSA, CNMV, AFM, BaFin | 1000 | 1 | Review | |
| 27 | FX Choice | 2009 | 5% | 30% | NDD, Market Execution | FSC | 1:200* | 100 | Review | |
| 28 | FxPro | 2006 | 4% | 0% | Broker, NDD | CySEC, FCA, FSCA, SCB | 1:200* | 10 | Review | |
| 29 | HFM | 2010 | 4% | 3% | ECN/STD | CySEC, FCA, DFSA, FSCA, FSA, CMA | 1:1000* | 5 | Review | |
| 30 | IronFX | 2010 | 4% | 3% | ECN/STD | FCA, ASIC, FSCA and CySEC | 1:500* | 10 | Review | |
| 31 | FXCM | 1999 | 4% | 0% | ECN/STD | FCA, ASIC, CONSOB, BaFin | 1:500* | 10 | Review | |
| 32 | NordFX | 2008 | 4% | 0% | ECN/STD | VFSC, CySEC, SEBI | 1:1000* | 10 | Review | |
| 33 | FP Markets | 2005 | 4% | 0% | ECN/STP/DMA | ASIC, CySEC | 1:1000* | 100 | Review | |
| 34 | AMarkets | 2007 | 4% | 0% | ECN/STD | SVGFSA (FSA) | 1:1000* | 10 | Review | |
| 35 | M4Markets | 2020 | 4% | 0% | ECN/STD | SVGFSA, Licence 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 | ASIC, VFSC | 1:500* | 100 | Review | |
| 38 | Skilling | 2018 | 3% | 0% | ECN/STD | CySec, FSA 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 | CySEC, FSA, FSC | 1:100* | 100 | Review | |
| 43 | FXPRIMUS | 2015 | 3% | 0% | ECN/STD | FSCA, VFSC, CySEC | 1:500* | 100 | Review | |
| 44 | TMGM | 2017 | 3% | 0% | ECN/STD | ASIC, FSP, VFSC | 1:400* | 200 | Review | |
| 45 | easyMarkets | 2001 | 3% | 0% | Broker | CySEC, MiFID, ASIC | 100 | 25 | Review | |
| 46 | Oanda | 1996 | 3% | 0% | Broker, MM | CFTC, NFA, FSA | 50 | 1 | Review | |
| 47 | eToro | 2007 | 3% | 0% | ECN/STD/MM | CySEC, ASIC, FCA | 400:1 | 50 | Review | |
| 48 | Tickmill | 2014 | 3% | 0% | ECN/STD | FCA (UK), FSA, CySEC, FSA, FSCA | 1:500* | 100 | Review | |
| 49 | HYCM | 1977 | 3% | 0% | ECN/STD | CySEC, FCA, MiFID, DFSA, SFC | 1:200* | 100 | Review | |
| 50 | XTB | 2002 | 3% | 0% | ECN/STP | FCA | 1:200* | 250 | Review |
No broker matches your search. Try another name or browse all brokers.
Latest Forex Bonus & Promotion News
How We Rate and Rank Forex Brokers
Our ranking is built on years of trader feedback from Asia, Africa, the Middle East, Europe and the Americas. Every broker is reviewed against the same six criteria, and the final order is decided by real trader votes.
Regulation & licence check
We record licences and registration numbers, match the legal entity to the website domain, and give more weight to top-tier regulators such as FCA, ASIC and CySEC.
Trading costs & conditions
Spreads, commissions, swap fees, execution model (ECN, STP, MM), maximum leverage and the range of forex, metals, indices and crypto CFDs.
Deposits & withdrawals
Minimum deposit, local payment methods, processing time and any withdrawal fee — the area where trader complaints matter most.
Platforms & tools
MT4, MT5, cTrader or proprietary apps, mobile trading, copy trading, PAMM accounts, demo accounts and education resources.
Customer support
Live chat availability, response speed, supported languages and how well problems are solved — taken mostly from trader feedback.
Trader votes & reviews
Visitors vote For or Against each broker and leave reviews. The vote share decides the final order of the ranking.
Red flags that push a broker down
- Licence number that cannot be found on the regulator's register, or a cloned domain
- Repeated complaints about blocked or delayed withdrawals
- Bonus terms that are hidden, unclear or changed after sign-up
- Pressure from "account managers" to deposit more
- Promises of guaranteed or fixed monthly profits
How often the data is updated
- Trader votes
- Counted live as visitors vote
- Broker conditions
- Re-checked regularly against broker websites and regulator registers
- Bonus offers
- Reviewed whenever a broker changes its promotion
- Errors
- Spot outdated data? Tell us and we fix it
Partner brokers are clearly labelled. Partnership does not change vote counts or a broker's position in the ranking.
How to Choose the Right Forex Broker
Hundreds of brokers compete for your money. Use this quick checklist before you register anywhere.
1. Verify the licence yourself
Copy the licence number from the broker's footer and search it on the regulator's official register. Make sure the website domain matches the one listed by the regulator.
- Tier 1: FCA, ASIC, CySEC, BaFin, CFTC/NFA
- Tier 2: FSCA, DFSA, FSA Japan
- Offshore: FSA Seychelles, FSC Mauritius, VFSC, SVGFSA
2. Understand the account type
| Model | Pricing | Best for |
|---|---|---|
| ECN | Raw spread + commission | Scalpers, EAs |
| STP | Marked-up spread | Swing traders |
| Market Maker | Fixed or wider spread | Beginners, small accounts |
3. Treat leverage with respect
Leverage of 1:1000 means a 0.1% price move can wipe out your margin. Risk no more than 1–2% of your balance per trade and always set a stop-loss.
4. Read the bonus terms
A forex no deposit bonus is a great way to test a broker with real execution. Check the required trading volume, time limit, maximum withdrawable profit and verification rules before you claim it.
Latest Forex Broker Reviews from Traders
Real opinions submitted by AllForexRating visitors, newest first. Reviews reflect personal experience, not our recommendation — read several before deciding.
15Recent reviews
154–5 stars
01–3 stars
Razib Mohamad
★★★★★
ReallUser-Friendly Broker with Impressive Withdrawal Speedy happy with this broker so far Really happy with this broker so far! The platform is very easy to use and beginner-friendly. Even using a cents account, I can still trade gold, Brent oil, BTC and many other instruments, which is a big plu...Review of Valetax →
Lorysystem
★★★★★
Eightcap customer care is excellent Eightcap customer care is excellent! Many thanks to Vencislav that helped me to withdraw my funds. Only suggestion (for eightcap website) is to put a 2FA for a better protection. I don’t feel safe to be honest.Review of Eightcap →
Eric Binn
★★★★★
Best Broker for quick response Best Broker for quick response! Interstellar's live chat support is incredible fast and efficient. I had an issue with my account, and they helped me resolve it in minutes. Fantastic Service!Review of FISG →
Brandon Gordon
★★★★★
Reliable broker with excellent customer… Reliable broker with excellent customer service. The trading experience with Interstellar has been great. The platform is stable, and the support team always assists promptly. Definitely recommend them to anyone looking for a good broker.Review of FISG →
Andres Martinez
★★★★★
I traded with top brokers even based in… I traded with top brokers even based in offshore but the experience are different all together. I wanted a platform where withdrawal i can make as per my choice. I am happy with kanak platform overall great service.Review of KCM Trade →
Loubna Mekhalfa
★★★★★
I am new in this Broker and I am also… I am new in this Broker and I am also new in trading I got my salary yesterday500$ and I put deposit in old address and I lost my money I was very stressed very upset but the team they was very helpful very professional. And they get my money back, I’m so ha...Review of Valetax →
magdy mahmmod
★★★★★
valetax is the best borker I have trade with it , easy and fast deposit , withdrawal and transfer, also a very good support team they are quick and accurate. thank you valetaxReview of Valetax →
Mostafa Rakha
★★★★★
Best broker , i have ever deal with easy fast and good service for customers serviceReview of Valetax →
Vijay Kumar Palasiya
★★★★★
Everything is great, but I am getting error message while withdrawal which is saying that you can't withdraw it will charge you 82$. There is no further explanation how to avoid this few? Also the last deposit showed successful but not yet credited to my account. Thanks for closing the above iss...Review of JustMarkets →
Smith John
★★★★★
I'm trading with Hantec Last 5yrs. It's trusted and regulated broker accross the globe..provides good platform to trade in various segments Fantastic service! Compare with other brokers here deposit always secure and safe withdrawal procedure. I'd like to thanks Hantec markets for great service ov...Review of Hantec Markets →
Hemense Ugo
★★★★★
Hantec is simply the best. So swift in response. Subscription, complaints, payments,etc. for it's all I need to know a company is serious abt her businessReview of Hantec Markets →
Miroslav Planansky
★★★★★
Low fees Low fees, great app and enormous number of stocks and ETF. I went from T212 to XTB and it was the best idea.Review of XTB →
anton
★★★★★
Very nice and good service Very nice and good service. I believe that it will help me overcome the Bad trading habit like gamble. Causes my imbalance. Nevermind even i losing. Is a good lessen for me to learn.Review of JustMarkets →
boors street
★★★★★
I have an account with them I have an account with them, their support is excellent their spread is not bad. Arbitrage is free. The scalp is less than 90 seconds is forbiddenReview of Hantec Markets →
Mohamad Nor Faiz Ismail
★★★★★
Great Service RaisesFX Deposit laju. Staff great. they using terminal mt5 quite new for new experience for me but awesome. Fast execution. Deposit come with bonus and cashbackReview of RaiseFX →
Forex Broker Rating – Frequently Asked Questions
Clear answers to the questions traders ask us most about choosing a broker, claiming bonuses and starting to trade.
Choosing a broker
How does AllForexRating rank forex brokers?
Every broker is checked on six criteria: regulation, trading costs, deposits and withdrawals, platforms, customer support and trader reviews. The final order of the ranking is decided by visitor votes (For vs Against). Broker data is re-checked regularly against broker websites and regulator registers.
What do the "For" and "Against" percentages mean?
They show the share of AllForexRating visitors who voted for or against a broker. A high For score means many traders recommend it; a high Against score is a warning sign worth investigating. Votes reflect trader opinion, not a guarantee of safety.
Which regulators should I look for?
Top-tier regulators include the FCA (UK), ASIC (Australia), CySEC (Cyprus/EU), CFTC/NFA (USA) and BaFin (Germany). Offshore licences such as FSA Seychelles, FSC Mauritius or VFSC offer lighter protection. Always verify the licence number on the regulator's own website.
How can I check if a forex broker is legit?
Find the licence number and company name in the broker's website footer, search them on the regulator's official register, and confirm the website domain listed there matches. Then read recent reviews about withdrawals. Avoid any broker that promises guaranteed profits.
Are offshore-regulated brokers safe?
Offshore regulators have lighter rules and usually no investor compensation scheme, so your protection is lower. Many traders use them for small accounts and higher leverage, but larger balances are safer with a tier-1 regulated entity.
Bonuses & promotions
What is a forex no deposit bonus?
A no deposit bonus is free trading credit a broker gives new clients after registration and verification. You can trade live without funding your account, but withdrawing profits usually depends on trading volume, time limits and other broker terms.
Can I withdraw a no deposit bonus?
The bonus credit itself normally cannot be withdrawn. Profits made with it can usually be withdrawn after you complete identity verification and meet the required trading volume (lots) within the time limit, often up to a fixed maximum amount.
What is the difference between a deposit bonus and a no deposit bonus?
A no deposit bonus is given without funding your account. A deposit bonus, such as 50% or 120%, is added as a percentage of the money you deposit and mainly works as extra margin. Both come with trading-volume conditions.
Can I claim more than one no deposit bonus?
Usually each broker allows only one no deposit bonus per person, household or IP address. You can claim offers from different brokers, but every account needs its own identity verification and must follow that broker's terms.
Are forex bonuses worth it?
A no deposit bonus is a low-risk way to test a broker's execution and withdrawals. Deposit bonuses add margin but often come with high volume targets. Choose a broker for its regulation and trading costs first, and treat any bonus as an extra.
Trading basics
Is high leverage good for beginners?
No. High leverage such as 1:1000 or 1:3000 multiplies both profits and losses. Beginners should use low effective leverage, small position sizes and a stop-loss on every trade.
What is the difference between ECN, STP and Market Maker brokers?
ECN brokers route orders to a network of liquidity providers with raw spreads plus a commission. STP brokers pass orders straight to liquidity providers, usually with a marked-up spread. Market Makers take the other side of client trades and often offer fixed or wider spreads.
What minimum deposit do I need to start forex trading?
Many brokers in our list accept $1 to $10, and some start at $100 or more. A small deposit is fine for learning, but only trade money you can afford to lose.
Should I choose MT4 or MT5?
MT4 has the largest library of Expert Advisors and indicators. MT5 is newer, with more timeframes, a built-in economic calendar, depth of market and support for stocks. Most brokers in our ranking offer both, so you can try each on a demo account.
Can I practise on a demo account first?
Yes. Almost every broker in our ranking offers a free demo account with virtual money and live prices. It is the best way to learn the platform and test a strategy before risking real funds or a bonus.
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.
Find Your Best Forex Broker with Confidence
Compare 274+ forex brokers side by side — regulation, leverage, minimum deposit, account type and bonus offers — ranked by trader votes and real user reviews.
- 274+Brokers listed
- 21Broker categories
- 100%Trader-voted ranking