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
1	HFM	Reviews	96%	4%		Broker	CySEC, FCA, DFSA, FSCA, FSA, CMA	2000	$1	Happy Power EA, FXQuasar EA
2	OctaFX	Reviews	94%	6%		Broker	SVG	500	$50	Happy Brexit EA, Happy Galaxy EA
3	XM	Reviews	93%	7%		Broker	ASIC, CySEC, FSC, DFSA	1000	$5	Happy Neuron EA, BF Grid Master EA
4	FXCC	Reviews	92%	8%		ECN, STP	CySEC, SVG	500	$1	FXCipher EA, Happy Japanese Market
5	FxPro	Reviews	89%	11%		Broker, NDD	CySEC, FCA, FSCA, SCB	500	$100	Forex Gump, Earth Robot
6	FXCM	Reviews	87%	13%		Broker	FCA, ASIC, SFC, CONSOB, BaFin, ACP	30	$300	Linear Weighted MA-Cross
7	MultiBank Group	Reviews	86%	14%		ECN	SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC	500	$1000	Z Trader FX, FxDiverse
8	Vantage	Reviews	83%	17%		Broker	VFSC, ASIC, FCA, FSCA	1000	$200	FX Eternals EA, FXGoodWay EA
9	FP Markets	Reviews	81%	19%		ECN, STP, DMA	ASIC, CySEC, FSCA	500	$100	Forex Diamond EA, Forex Fury
10	Just2Trade	Reviews	80%	20%		Broker	CySEC, NFA, FINRA, SIPC	500	$100	FXSecret Immortal, Learn2Trade
11	AMarkets	Reviews	78%	22%		Broker	MISA, FSA, FSC, The Financial Commission	3000	$100	Happy Fast Money, GPS Forex Robot
12	IronFX	Reviews	77%	23%		MM, ECN, STP	FCA, FSCA, CySEC	30	$100	Night Forex Bot , FXConstant EA
13	T4Trade	Reviews	76%	24%		ECN, STP, MM	Seychelles FSA	1000	$50	Flex, 1000pip Climber
14	Exness	Reviews	76%	24%		MM, NDD	FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMA	2000	$1	Happy Breakout EA, Happy Bitcoin EA
15	XPro Markets	Reviews	75%	25%		Broker	FSCA	400	$250	Tickeron AI robot, CarinaBot
16	Nixse	Reviews	75%	25%		ECN	n/a	400	$15000	Z Trader FX, ForexBot28
17	Efixxen	Reviews	74%	26%	New	MM	n/a	400	$2500	EliteFxgo, Evening Scalper Pro
18	Rentalzi	Reviews	74%	26%	New	MM	n/a	200	$2500	Golden Pickaxe, Waka Waka
19	Geetle	Reviews	73%	27%	New	MM	n/a	400	$2500	Perceptrader AI, Night Hunter Pro
20	AdroFx	Reviews	73%	27%		Broker	VFSC, FSA	500	$100	Flex, 1000pip Climber
21	Stockoza	Reviews	73%	27%	New	MM	n/a	400	$50000	Auto Recovery EA, Renko EA
22	Kaarat	Reviews	73%	27%		MM	n/a	400	$15000	Stairsteps EA, Traders Dynamic Index
23	Fundiza	Reviews	73%	27%		Broker	n/a	400	$25000	The Wave Scalper, FXStabilizer
24	IXXEN	Reviews	73%	27%	New	MM	n/a	400	$5000	Trailing Stop EA, Price Channel
25	Demaxis	Reviews	72%	28%	New	MM	n/a	400	$100	NonLagMA EA, News EA
26	The Uptrend Center	Reviews	72%	28%	New	Broker	n/a	400	$10000	CovertFX, 1000pip Climber
27	FxRevenues	Reviews	71%	29%	New	MM	n/a	200	$2500	MACD EA, Grid EA
28	FiatVisions	Reviews	69%	31%		Broker	MISA	400	$25000	The King Robot, Happy News EA
29	Investment Center	Reviews	67%	33%		Broker	n/a	400	$10000	Grid Master Pro, Gold Rush
30	LBLV	Reviews	57%	43%		Broker, ECN	Seychelles FSA	400	$10000	Pivot Trader PRO, Forex Robotron
31	Cinpax	Reviews	54%	46%		Broker	n/a	400	$2500	Heiken 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.

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

Find the latest Forex Brokers 2023 added to our Rating

Abshire Smith ACY Securities Aetos Ayondo Baxter FX BCR Blueberry Markets BP Prime Britannia Global Markets Capital.com CIX Markets CommSec Demaxis Equiti Fondex Fusion Markets FXtrading Global Prime Globex360 House of Borse JP Markets Land FX MahiMarkets Naga Rentalzi Robinhood TeraFX TMGM Trade.com Trading 212 TriumphFX VT Markets

All Forex Brokers 274 Bitcoin Brokers 32 Ethereum Brokers 30 MT5 Forex Brokers 32 MT4 Forex Brokers 48 PAMM Forex Brokers 24

Low Spread Brokers 25 ECN Forex Brokers 35 Scalping Brokers 28 Hedging Brokers 36 Copy Trading Brokers 23 Micro Forex Brokers 22

PayPal Forex Brokers 19 CFD Forex Brokers 27 Gold Trading Brokers 25 Bonus Forex Brokers 23 US Forex Brokers 14

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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Due to years of joint work and co-operation with established professional traders, Forex-Ratings.com 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 Forex-Ratings.com 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...

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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...