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Forex broker reviews

60 brokers · sorted by score
IG Review 2026: Twelve Companies, One Bank Licence, No Fines Found ASIC, BaFin, CFTC / NFA, DFSA, Financial Conduct Authority (FCA), FSA Japan, FSCA, MAS · FCA 195355 (IG Markets) and 114059 (IG Index); BaFin 148759; FINMA bank and securities dealer; MAS CMS licence; AFSL 515106; FSCA FSP 41393 plus ODP approved; NFA 0509630 (tastyfx); BMA investment business and digital assets 54814 · cfd, commodities, crypto, etfs, forex, indices, stocks Trusted 8.3 /10 19 Sep 2026 CMC Markets Review 2026: No Offshore Entity, One Licence Being Cancelled ASIC, BaFin, Financial Conduct Authority (FCA), MAS · FCA 173730 (CMC Markets UK plc), 948126 (CMC Markets Investments), 170627 (CMC Spreadbet, applied to cancel 5 Feb 2026); BaFin, EdW member 139; AFSL 238054 and 246381; MAS Capital Markets Services licence; CIRO Investment Dealer · cfd, commodities, etfs, forex, indices, stocks Trusted 8.2 /10 19 Sep 2026 Interactive Brokers Review 2026: Your UK Account Is Carried in America ASIC, Central Bank of Ireland, CFTC / NFA, Financial Conduct Authority (FCA), MAS, SEC · FCA 208159; Central Bank of Ireland C423427 (MiFID firm and MiCAR crypto-asset service provider); SEC 8-47257 and FINRA CRD 36418; MAS CMS100917; ASIC AFSL 453554 · cfd, commodities, crypto, etfs, forex, indices, stocks Trusted 8.1 /10 20 Sep 2026 Saxo Review 2026: A Systemically Important Bank That Left Australia Financial Conduct Authority (FCA), MAS · FCA 551422; Finanstilsynet-supervised Danish bank, designated SIFI 25 June 2026; FINMA-supervised Swiss bank on the esisuisse list; MAS Capital Markets Services licence · cfd, commodities, etfs, forex, indices, stocks Trusted 8.1 /10 20 Sep 2026 Capital.com Review: Trusted, and Cheap in the Places That Usually Cost You ASIC, CySEC, Financial Conduct Authority (FCA), Securities Commission of The Bahamas · CySEC 463/25; also CySEC 319/17, FCA 793714, ASIC AFSL 513393, SCB Bahamas SIA-F245, and FSCA ODP approval for Capital.com South Africa (Pty) Ltd · commodities, crypto, etfs, forex, indices, stocks Trusted 8.0 /10 7 Sep 2026 FOREX.com Review 2026: Eight Licensed Companies Behind One Brand CFTC / NFA, Financial Conduct Authority (FCA) · FCA 446717; NFA 0339826; CySEC 400/21; CIRO Investment Dealer; Kanto Local Finance Bureau (Kinsho) 291; AFSL 345646; MAS Capital Markets Services licence; CIMA 25033 · commodities, forex, indices Trusted 7.9 /10 19 Sep 2026 eToro Review: Trusted, With a Cost Structure Worth Reading Twice ASIC, CySEC, Financial Conduct Authority (FCA), FSA Seychelles, FSRA (ADGM), MAS, SEC · FCA 583263; CySEC 109/10; ASIC AFSL 491139 · commodities, crypto, etfs, forex, indices, stocks Trusted 7.5 /10 7 Sep 2026 tastyfx Review 2026: IG’s US Arm, and the One Tenth That Keeps It Out of Trusted CFTC / NFA · NFA ID 0509630. Registered as a Retail Foreign Exchange Dealer only, not as a Futures Commission Merchant. Not an SEC-registered broker-dealer. · forex Neutral 7.4 /10 12 Oct 2026 XTB Review 2026: Fined PLN 20 Million Over How It Sold CFDs Financial Conduct Authority (FCA) · FCA 522157; KNF-supervised in Poland; Belize company 153,939 with FSC Belize registration 6442514 · cfd, commodities, crypto, etfs, forex, indices, stocks Neutral 6.8 /10 20 Sep 2026 OANDA Review 2026: Eight Licences, One Capital Record Worth Reading ASIC, CFTC / NFA, Financial Conduct Authority (FCA), FSA Japan, FSC British Virgin Islands, MAS · NFA 0325821 (USA); FCA 542574 (UK); AFSL 412981 (Australia); MAS Capital Markets Services Licensee, no number published by MAS (Singapore); BVI FSC SIBA/L/20/1130; Kanto Local Financial Bureau 2137 (Japan, claimed) · cfd, commodities, forex, indices Neutral 6.7 /10 12 Oct 2026 Exness Review: The FCA and CySEC Licences Do Not Cover Retail Clients CBCS Curacao, CMA Kenya, CySEC, Financial Conduct Authority (FCA), FSA Seychelles, FSC British Virgin Islands, FSC Mauritius, FSCA · CySEC 178/12 and FCA 730729 (neither serves retail clients); FSA Seychelles SD025; FSC Mauritius GB20025294; BVI SIBA/L/20/1133; CBCS 0003LSI; FSCA FSP 51024; CMA Kenya 162 · commodities, crypto, forex, indices, stocks High Risk 5.9 /10 7 Sep 2026 AvaTrade Review 2026: Downgraded to High Risk After a Second Reporting Penalty ASIC, Central Bank of Ireland, CySEC, FSA Japan, FSC British Virgin Islands, FSCA, FSRA (ADGM) · Central Bank of Ireland C53877; ADGM FSRA 190018; ASIC AFSL 406684; FSCA FSP 45984 (no ODP authorisation); CySEC 347/17 (DT Direct Investment Hub Ltd); BVI FSC SIBA/L/13/1049 · commodities, crypto, etfs, forex, indices, stocks High Risk 5.3 /10 8 Oct 2026 OX Securities Review 2026: A Real Australian Licence That Does Not Cover Retail Clients ASIC, Unlicensed · ASIC AFSL 438402, held by the Australian entity, wholesale clients only · commodities, crypto, forex, indices High Risk 4.1 /10 14 Sep 2026 GFX Securities Review: 1:1000 Leverage on a Ten Dollar Account GB21027073 · cfd, crypto, forex, indices, stocks High Risk 3.3 /10 2 Sep 2026 Zenstox Review: A Real Seychelles Licence, a Chilean Warning, and “0% Risk” FSA Seychelles · SD123 claimed. The Seychelles register publishes no licence numbers, so it cannot be checked there · commodities, crypto, forex, indices, stocks High Risk 3.2 /10 14 Sep 2026 FXRoad Review: The Second Brand on Capitalix’s Licence FSA Seychelles · SD052 · cfd, forex High Risk 3.1 /10 2 Sep 2026 WRPro Review: A Mauritius Licence, a Cyprus Agent and Withdrawal Complaints GB22201139 · cfd, forex High Risk 3.1 /10 2 Sep 2026 Warren Bowie & Smith Review 2026: A Mauritius Licence Claim With a Seychelles Phone Number FSC Mauritius · GB20025775 claimed, on a sub-page only. Not verified against the FSC register · commodities, crypto, forex, indices High Risk 3.0 /10 14 Sep 2026 SmartSTP Review: A Swiss Police Warning and a Rebrand It Does Not Mention GB21027168 · cfd, forex High Risk 3.0 /10 2 Sep 2026 TradeEU Global Review: A Mauritius Licence Behind a European-Sounding Name GB21026906 · cfd, forex High Risk 3.0 /10 2 Sep 2026 Axia Investments Review: A Deposit Ladder to $250,000 and a 1.3 Trustpilot Score FSA Seychelles · SD034 · cfd, crypto, forex, indices, stocks Scam 2.9 /10 2 Sep 2026 Versus Trade Review: 1:2000 Leverage on a $10 Deposit, With No Regulator None. Saint Lucia company registration 2024-00586 only · cfd, forex, stocks Scam 2.7 /10 2 Sep 2026 CIFMarkets Review: An FSP Number Where an ODP Licence Should Be FSCA FSP 54857, an FSP number rather than an ODP authorisation; its terms name the product supplier as Intrepot Investments Ltd, Comoros, MISA BFX2025155 · cfd, forex Scam 2.7 /10 24 Sep 2026 Capitalix Review: A Chilean Regulator Notice and a Suspended Trustpilot Score FSA Seychelles · SD052 · cfd, crypto, forex, indices, stocks Scam 2.7 /10 2 Sep 2026 SuxxessFX Review: On the AMF’s Blacklist and Still Open to Europe FSA Seychelles · SD204 · cfd, crypto, forex Scam 2.4 /10 2 Sep 2026
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