Forex Rating – Best Forex Brokers 2023

Since 2006 Forex Rating has been choosing, ranking and reviewing the Best Forex Brokers in the foreign exchange market. Our Rating is independent, unbiased and is the easiest way to choose the right Forex Broker from hundreds of forex companies. We turn to market experts for their opinion to make sure the Top Brokers are determined the most objective way. We offer transparent ranking system that summarizes experts' reviews and provides far-reaching opportunities for newcomers. Our main goal is to Rate, Evaluate and Compare Forex Brokers. We invite you to take part in determining the Best Forex Brokers each month.

# Forex Broker Reviews For Against Status Type Regulation Leverage Account Advisors
1Register HFM trading accountHFMReviews96%4%BrokerCySEC, FCA, DFSA, FSCA, FSA, CMA2000$1Happy Power EA, FXQuasar EA
2Register OctaFX trading accountOctaFXReviews94%6%BrokerSVG500$50Happy Brexit EA, Happy Galaxy EA
3Register XM trading accountXMReviews93%7%BrokerASIC, CySEC, FSC, DFSA1000$5Happy Neuron EA, BF Grid Master EA
4Register FXCC trading accountFXCCReviews92%8%ECN, STPCySEC, SVG500$1FXCipher EA, Happy Japanese Market
5Register FxPro trading accountFxProReviews89%11%Broker, NDDCySEC, FCA, FSCA, SCB500$100Forex Gump, Earth Robot
6Register FXCM trading accountFXCMReviews87%13%BrokerFCA, ASIC, SFC, CONSOB, BaFin, ACP30$300Linear Weighted MA-Cross
7Register MultiBank Group trading accountMultiBank GroupReviews86%14%ECNSCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC500$1000Z Trader FX, FxDiverse
8Register Vantage trading accountVantageReviews83%17%BrokerVFSC, ASIC, FCA, FSCA1000$200FX Eternals EA, FXGoodWay EA
9Register FP Markets trading accountFP MarketsReviews81%19%ECN, STP, DMAASIC, CySEC, FSCA500$100Forex Diamond EA, Forex Fury
10Register Just2Trade trading accountJust2TradeReviews80%20%BrokerCySEC, NFA, FINRA, SIPC500$100FXSecret Immortal, Learn2Trade
11Register AMarkets trading accountAMarketsReviews78%22%BrokerMISA, FSA, FSC, The Financial Commission3000$100Happy Fast Money, GPS Forex Robot
12Register IronFX trading accountIronFXReviews77%23%MM, ECN, STPFCA, FSCA, CySEC30$100Night Forex Bot , FXConstant EA
13Register T4Trade trading accountT4TradeReviews76%24%ECN, STP, MMSeychelles FSA1000$50Flex, 1000pip Climber
14Register Exness trading accountExnessReviews76%24%MM, NDDFSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMA2000$1Happy Breakout EA, Happy Bitcoin EA
15Register XPro Markets trading accountXPro MarketsReviews75%25%BrokerFSCA400$250Tickeron AI robot, CarinaBot
16Register Nixse trading accountNixseReviews75%25%ECNn/a400$15000Z Trader FX, ForexBot28
17Register Efixxen trading accountEfixxenReviews74%26%NewMMn/a400$2500EliteFxgo, Evening Scalper Pro
18Register Rentalzi trading accountRentalziReviews74%26%NewMMn/a200$2500Golden Pickaxe, Waka Waka
19Register Geetle trading accountGeetleReviews73%27%NewMMn/a400$2500Perceptrader AI, Night Hunter Pro
20Register AdroFx trading accountAdroFxReviews73%27%BrokerVFSC, FSA500$100Flex, 1000pip Climber
21Register Stockoza trading accountStockozaReviews73%27%NewMMn/a400$50000Auto Recovery EA, Renko EA
22Register Kaarat trading accountKaaratReviews73%27%MMn/a400$15000Stairsteps EA, Traders Dynamic Index
23Register Fundiza trading accountFundizaReviews73%27%Brokern/a400$25000The Wave Scalper, FXStabilizer
24Register IXXEN trading accountIXXENReviews73%27%NewMMn/a400$5000Trailing Stop EA, Price Channel
25Register Demaxis trading accountDemaxisReviews72%28%NewMMn/a400$100NonLagMA EA, News EA
26Register The Uptrend Center trading accountThe Uptrend CenterReviews72%28%NewBrokern/a400$10000CovertFX, 1000pip Climber
27Register FxRevenues trading accountFxRevenuesReviews71%29%NewMMn/a200$2500MACD EA, Grid EA
28Register FiatVisions trading accountFiatVisionsReviews69%31%BrokerMISA400$25000The King Robot, Happy News EA
29Register Investment Center trading accountInvestment CenterReviews67%33%Brokern/a400$10000Grid Master Pro, Gold Rush
30Register LBLV trading accountLBLVReviews57%43%Broker, ECNSeychelles FSA400$10000Pivot Trader PRO, Forex Robotron
31Register Cinpax trading accountCinpaxReviews54%46%Brokern/a400$2500Heiken Ashi EA, Fluid EA

* Forex Broker Rating accepts no liability for any errors in the information, trading conditions and forex reviews. For the most recent information please visit the company's site. Forex Rating rates participants by the actual number of votes. Monthly rating results can be found in our statistics section. Detailed analysis of the monthly winners is published regularly in our Forex Brokers section. We also provide an opportunity to compare companies. If you want to compare several brokerages or analyze trading conditions, please use our free comparison and research tool which will vividly show you the main benefits of the best forex brokers. Whether you are looking for a qualified ECN or PAMM broker to invest or to manage your funds, our interactive platform will list the optimal top 10 brokers available.

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Read the latest Reviews and Comments on the Top Brokers written by real traders and Forex experts on a daily basis.
Forex Brokers 2023

The Best No Deposit Forex Brokers 2023

Top No Deposit Forex Brokers

Many people are convinced that a lot of money is needed to trade the financial markets. Those who say it is possible to trade Forex with no money often hear comments like "the only free cheese is in the mousetrap". And while there's truth to this well-known idiom, it doesn’t fully apply to this particular industry since many top Forex brokers have an interesting option called "no deposit bonus". This option allows newly registered users to trade Forex markets without investing when making the first steps toward financial independence. It's also called a StartUp or a Welcome Bonus by some Forex brokers. However, the essence remains the same – you indeed may begin trading foreign currencies without risk-free and without initial investment to learn the basics of Forex trading without being afraid of losing money. There is no need to explain that the no deposit bonus from Forex Brokers isn't a charity, a display of selfless love for traders, or the availability of extra money to throw around...

FreshForex: $2021 InstaForex: $1000 FBS: $140 eForex Markets: $50 JustMarkets: $30

The Best Welcome Bonuses Forex Brokers 2023

Top Welcome Bonus Brokers

Bonuses and promos form an essential part of the marketing industry of today. Whether it's a retail merchandise seller or a top Forex Broker, most often than not, you will find some bonus offer that's supposed to incentivize potential customers to create an account, make a purchase, or otherwise improve the relationship with the business entity. In fact, Forex trading platforms are riddled with lucrative bonuses and exclusive promo offers, aimed at improving customer engagement with a financial services provider. Nowadays, the choice of such bonuses is so wide that it is easy to get confused, especially when you are yet to register with a Forex Broker. Forex Ratings created the following guide across the Top 5 Forex Brokers with the best welcome and deposit bonuses for those who are facing such a difficult choice...

OctaFX: 50% XM: 50% (up to $500) FXCC: 100% (up to $2000) RoboForex: $30 InstaForex: 100%

The Best Fast Withdrawals Forex Brokers

Top Fast Withdrawals Brokers

In our experience, serious and trustworthy Forex brokers never put a spoke in the trader's wheel when it comes to funds withdrawal. On the contrary, such brokers rarely disrupt the flow of funds in and out of respective platforms without a solid reason like non-compliance with the anti-money laundering (AML) requirements. It's in their interest to ensure the best user experience, which lies partially in the ability to receive profits promptly. Fast withdrawal is an integral part of their customer retention strategies. On the other hand, brokers with ill repute, which is another way of saying "scammers," often lure naive Forex greenhorns with something like a four-figure deposit bonus. Everything might be going fine: an unsuspecting trader could be making profits and dreaming of nice things to buy until he or she tries to withdraw the money; that's when the real quest begins. We know the examples when such brokers have deliberately limited the withdrawable sums or even arbitrarily blocked the accounts. Quick withdrawal lets you move the money fast enough to acquire a good asset at a bargain price, realize the profit from the theoretical rally, and deposit more money back to the same Forex Broker's account or use them at your discretion. The point is that Forex brokers with fast withdrawals make your investment capital more liquid; they allow moving it more freely and avoid wasting chances to make money...

FXTM XM HF Markets FXCC FxPro Vantage RoboForex ActivTrades

Real Traders' Reviews on Forex Brokers

When it comes to choosing a forex broker, the quality of service and reliability are paramount. In the case of FXCC, it's evident that they excel in both these aspects, making them a top choice for traders seeking a trustworthy partner in the financial markets. One of the standout features of FXCC is the extensive range of trading instruments they offer. This wide selection allows traders to diversify their portfolios and explore various market opportunities. Additionally, FXCC boasts an impressive order processing speed, ensuring that traders can execute their strategies swiftly and efficiently. This aspect is crucial in today's fast-paced trading environment. One striking aspect of FXCC...
FXCC   Karen Smith   22 Sep 2023
When it comes to assessing HotForex, I can only identify one significant drawback - the lack of weekend customer support. During the weekdays, traders often require immediate assistance, but on weekends, support is typically needed only for emergencies. I would personally prefer to address any current issues at a time when the market is closed. However, despite this minor inconvenience, HotForex boasts several advantages worth mentioning. The broker's minimum requirement to start trading is a mere $5 on a micro account, making it accessible to a wide range of traders. In my case, I opted for a Premium account and deposited $250. This deposit amount qualified me for a bonus of $2 for each...
HFM   Garold   22 Sep 2023
AMarkets is a broker that has caught my attention for several reasons. Firstly, they offer the convenience of depositing and withdrawing funds in stablecoins, which is a godsend for those who have encountered issues with traditional payment systems. This flexibility in payment options is a notable advantage. Another strong suit of AMarkets is its robust analytical foundation. They provide traders with a wealth of tools such as advisors, signals, and market sentiment analysis. This arsenal of resources empowers traders to make more informed decisions and stay ahead of market trends. I've also appreciated that AMarkets maintains stable spreads even during news releases. This is crucial for...
AMarkets   Sanjar   21 Sep 2023
I highly recommend Just2trade, especially for those who are still in the process of becoming professionals in the financial markets. This broker provides an extensive educational platform, including practical training sessions conducted by their experts. The educational material on their website is not just suitable for beginners but also beneficial for traders at various levels of experience. I personally opened a real account nearly a year ago, and I continue to enhance my trading strategy by utilizing the valuable information available in the training section. Due to my limited time for active trading, I opted to connect to a manager's PAMM account. What sets Just2trade apart is its...
Just2Trade   Zoye   21 Sep 2023
Fair trading terms and minimal slippage. All transactions are smooth and quick including withdrawals. There are so many trading options,...
Investment Center   Eden McEachern   21 Sep 2023
I am currently trading with this broker and I always feel that I am valued. I can feel sincerity and concern for me as their customer in all transactions. I am pleased with all their...
FxRevenues   Hugo Hardy   21 Sep 2023
This broker do proper technical research. Reliable and trustworthy signals and tools. Withdrawal is quick and easy. They are one of the best forex broker in the...
LBLV   Bailey Glover   21 Sep 2023
This is a competitive broker. They grant and process withdrawal quickly without trouble. What I like is the way they explain things about trading such as policies, losses, also market movements and...
Nixse   Olivia Deering   21 Sep 2023
Excellent in all ways. Trading signals are profitable and services are always good. I never had any single issues for the past year of trading with...
Cinpax   Mackenzie Barling   21 Sep 2023
In my assessment, HF Markets is undeniably a reputable broker. However, it's worth noting that the execution of market orders leaves something to be desired when compared to other brokers. Specifically, I'm referring to the issue of slippage. This is not a concern when it comes to pending orders, as it seems more challenging to manipulate prices in that regard. One of the standout features of HF Markets, in my opinion, is the diversity it offers in terms of account types and the multitude of options available for depositing and withdrawing funds. The freedom to choose among various account types and funding methods is certainly a noteworthy advantage. Mobile trading is another aspect where...
HFM   Farid R.   20 Sep 2023
The trading conditions here are great, really. I like the spreads, leverage. it's all really good. However, I would like to have access to a couple more trading platforms. The MT4 is amazing, but I would like the broker to offer a bit more...
IronFX   Enrico Ferrara   20 Sep 2023
In my experience, FXCM has proven itself to be a reliable Forex broker, offering a user-friendly platform for navigating the complexities of the foreign exchange market. However, while it boasts several commendable aspects, there are areas where it falls short compared to other brokers. Here's a detailed assessment. Accessibility and User-Friendly Interface: One of FXCM's strengths lies in its accessible and intuitive trading platform. The interface is thoughtfully designed, making it easy for traders to swiftly establish and monitor positions. This user-friendliness is especially beneficial for those who are new to the world of Forex trading. Instrument Selection and Spread Considerations:...
FXCM   Udo D.   20 Sep 2023
I've had the pleasure of trading with OctaFX for approximately a year, and I must say, it's a broker that has stood the test of time. Here's why I find OctaFX to be a commendable choice for traders of various levels of expertise: Broad Spectrum of Trading Instruments: OctaFX impresses with its extensive range of trading instruments. Whether you're interested in traditional currency pairs or the exciting world of cryptocurrencies, OctaFX has you covered. This diversity is a significant advantage, as it allows you to explore various assets and diversify your trading portfolio. Flexible Funding Options: Flexibility is key when it comes to funding your trading account, and OctaFX understands...
OctaFX   Dylan   20 Sep 2023
I've been trading with AMarkets for several months now, and there are a few key aspects I'd like to highlight. Firstly, I'm impressed by the broker's commitment to providing a high level of market analysis. Their market forecasts have proven to be quite accurate and serve as valuable confirming signals. This is especially beneficial for traders like me who rely on fundamental analysis in their trading strategies. When it comes to order execution, I can't complain. While slippages do occur occasionally, it's worth noting that I've never experienced orders failing to trigger or encountered inaccurate quotes. This reliability in order execution is crucial for maintaining trust in a broker....
AMarkets   Ringo   20 Sep 2023
I came across Just2Trade based on a recommendation from an online forum, and I must say, it's been quite an impressive find. Not many brokers offer such an extensive range of financial instruments, making it a standout choice for traders looking for variety in their investments. Currently, I'm utilizing a standard account on the MT4 platform with them. One of the aspects that truly stands out is the execution speed, which is notably fast. In comparison to my previous experiences with other brokers, Just2Trade's withdrawal process is not only efficient but also impressively swift. This timely and hassle-free fund withdrawal process adds to the overall positive experience. I must give special...
Just2Trade   Karim J.   20 Sep 2023
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Forex Rating standards of Fairness

Due to years of joint work and co-operation with established professional traders, is by right known as one of the most reputable and credible global Forex Brokers Rating. We continuously work on the applied methodology of selecting, evaluating and rating forex brokers with due attention to the highly dynamic nature of the Forex market development. Naming and ranking of the top Forex brokers are based on the analytical approach to the data array comprising various parameters of the brokers' business activities. One of the key elements of objective assessment is the feedback from fx traders regarding their interaction with our site. The interactive system is an integral part of the ever-evolving online platform. The ranking system featured by is not just a means to show off the brokers' performance parameters against the competitors, but an effective and useful tool to assess and select brokerage firms worldwide. Based on the information we provide on Forex Brokers, the traders and potential investors can make a well-based choice of a Forex company to deal with...

Forex Rating methodology

The Forex Rating evaluation system is based on the visitors' voting results. The rating participants are ranked in accordance with the actual number of positive and negative votes expressed as percentage. Remarkably, on the first day of every month all the voting figures are reset and voting starts anew to provide equal rights to all the forex brokers in their strive to the top of the rating. At the beginning of every new month our experts publish analysis of the top forex brokers performance of the previous months, highlighting the factors for strong or poor performance of the listed brokers. Our visitors at any time can have a look at the statistical data of the previous periods and to track any broker’s market behavior during the certain timeframe. The methodological concept implies comprehensive analysis and evaluation of the brokers' strong and weak points, of the opportunities and advantages the brokers offer, and of the market risks likely to be faced by traders...

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