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Independent forex broker reviews

Forex broker reviews you can check

The Forex Bridge checks licences on regulators' own registers, quotes fees from brokers' own pages, and shows reviews from traders who sent proof of their account.

Brokers in my country

50 brokers reviewed168 licences checked on 37 registers853 facts sourced and datedNo paid rankings

At a glance

Quick picks

The top three brokers on three things traders ask first. Tap a name for the full review.

Top rated by TFB Score

i
  1. IG logoIG6 licences · No minimum92/100
  2. Pepperstone logoPepperstone5 licences · Min $1092/100
  3. FP Markets logoFP Markets4 licences · No minimum92/100
See all

Lowest minimum deposit

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  1. IG logoIGTFB 92 · 6 licencesNo minimum
  2. FP Markets logoFP MarketsTFB 92 · 4 licencesNo minimum
  3. GO Markets logoGO MarketsTFB 88 · 3 licencesNo minimum
See all

Most licences

i
  1. Exness logoExnessTFB 81 · Min $109licences
  2. XM logoXMTFB 82 · Min $57licences
  3. AvaTrade logoAvaTradeTFB 78 · Min $1007licences
See all
Ranked by the TFB Score

Top rated forex brokers

Every broker scored out of 100 from facts on its own site and regulators' registers. Filter by what matters to you.

  1. IG logoIGFCAASICBaFin+3
    Score92/100No ratings
    Min depositNo minimum
    Spread0.6 pips
    Platforms
    70% of retail CFD accounts lose money
  2. Pepperstone logoPepperstoneFCAASICCySEC+2
    Score92/100No ratings
    Min deposit$10
    Spread0.0 pips
    Platforms
    73.6% of retail CFD accounts lose money
  3. FP Markets logoFP MarketsASICCySECFSCA+1
    Score92/100No ratings
    Min depositNo minimum
    Spread0.0 pips
    Platforms
    74.51% of retail CFD accounts lose money
  4. ThinkMarkets logoThinkMarketsFCAASICCySEC+1
    Score91/100No ratings
    Min deposit$10
    Spread0.0 pips
    Platforms
    75% of retail CFD accounts lose money
  5. IC Markets logoIC MarketsASICCySECFSA Seychelles
    Score91/100No ratings
    Min deposit$200
    Spread0.0 pips
    Platforms
    73.46% of retail CFD accounts lose money
  6. Tickmill logoTickmillFCACySECFSCA+2
    Score89/100No ratings
    Min deposit$100
    Spread0.0 pips
    Platforms
    68% of retail CFD accounts lose money
  7. Vantage logoVantageASICFCAFSCA+2
    Score89/100No ratings
    Min deposit$50
    Spread0.0 pips
    Platforms
    72.65% of retail CFD accounts lose money
  8. Axi logoAxiFCAASICCySEC+2
    Score88/100No ratings
    Min deposit$100
    Spread0.0 pips
    Platforms
    66.36% of retail CFD accounts lose money
  9. Admirals logoAdmiralsFCAASICCySEC
    Score88/100No ratings
    Min deposit€100
    Spread0.0 pips
    Platforms
    CFDs are high risk
  10. GO Markets logoGO MarketsASICCySECFSC Mauritius
    Score88/100No ratings
    Min depositNo minimum
    Spread0.0 pips
    Platforms
    71% of retail CFD accounts lose money
  11. Eightcap logoEightcapASICFCACySEC+3
    Score87/100No ratings
    Min deposit$100
    Spread0.0 pips
    Platforms
    77.97% of retail CFD accounts lose money
  12. HFM logoHFMCySECFCAFSCA+2
    Score87/100No ratings
    Min depositNo minimum
    Spread0.0 pips
    Platforms
    80.83% of retail CFD accounts lose money
  13. Fusion Markets logoFusion MarketsASICFSA SeychellesVFSC
    Score86/100No ratings
    Min deposit$10
    Spread0.0 pips
    Platforms
    CFDs are high risk
  14. ActivTrades logoActivTradesFCA
    Score86/100No ratings
    Min depositNo minimum
    Spread0.5 pips
    Platforms
    69% of retail CFD accounts lose money
  15. OANDA logoOANDAFCACFTC/NFAASIC+3
    Score83/100No ratings
    Min depositNo minimum
    Spread0.6 pips
    Platforms
    76.6% of retail CFD accounts lose money
  16. FxPro logoFxProFCASCBFSA Seychelles
    Score83/100No ratings
    Min depositNo minimum
    Spread0.0 pips
    Platforms
    CFDs are high risk
  17. XM logoXMCySECDFSAFSCA+4
    Score82/100No ratings
    Min deposit$5
    Spread0.8 pips
    Platforms
    CFDs are high risk
  18. Exness logoExnessCySECFCAFSCA+6
    Score81/100No ratings
    Min deposit$10
    Spread0.0 pips
    Platforms
    CFDs are high risk
  19. FOREX.com logoFOREX.comFCACFTC/NFA
    Score81/100No ratings
    Min deposit$100
    Spread0.7 pts
    Platforms
    74% of retail CFD accounts lose money
  20. City Index logoCity IndexFCA
    Score81/100No ratings
    Min deposit£100
    Spread0.5 pts
    Platforms
    68% of retail CFD accounts lose money
View all 50 brokers

TFB Score: facts checked on brokers' own sites and regulators' registers. How it works

What we check

How every review is built

Five checks behind every Bridge Report. Each one opens the page that shows it.

From traders and brokers

What changed lately

Reviews from traders who sent proof, withdrawal times they reported, and fee changes quoted from brokers' own pages.

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Withdrawal times

No verified trader has reported a withdrawal time yet. See withdrawal methods.

Fee and rule changes

  • 16 Oct 2026Vantage · from 0.0 pips (Raw ECN) → 0.0 pipsNeutral

Popular broker comparisons

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Regional pages

Find brokers licensed where you live

Which brokers hold a licence from your regulator, which local payment methods they accept, and how fast local traders were paid.

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Frequently asked questions

Short answers, from the facts shown on this page.

How do you check forex brokers?

Every licence is looked up on the regulator's own register and every fee comes from the broker's own website, with the link and the date we checked it. Facts we cannot confirm are not shown.

What does the VERIFIED badge on a review mean?

The trader sent us proof of a real account at that broker (a statement or a deposit or withdrawal screenshot). We check it, then delete it. Reviews without proof are shown as not verified.

How is the TFB Score worked out?

A score out of 100 from facts we check automatically on brokers' own pages and regulators' registers, in four criteria: regulation & safety 35, fees & costs 25, deposits & withdrawals 20, platforms & trading 20. Each line shows pass, partial or fail with its source. Verified trader reviews blend in slowly, up to 30% at 20 reviews.

Do brokers pay to be listed or rated higher?

No. Some brokers may pay us a commission when you open an account through our link, but that never changes a score or a review.

Which broker pays out fastest?

The withdrawals page lists each broker’s withdrawal methods, fees and stated processing times from its own site. Payout times reported by verified traders (proof of a real account) are added there as traders report them. We do not run withdrawal tests ourselves.

Can I open an account from any country?

Our reviews are open to everyone. Broker sign-up links are not shown in countries where local rules restrict the promotion of overseas brokers, and in the EU, the UK, Australia, South Africa, Kenya, the UAE and Qatar they go only to a company licensed there.

Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning