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Forex Broker Reviews Check Fees Before You Trade

Compare 20 forex brokers by regulation, leverage, spreads, minimum deposit and bonus — with honest editor ratings.

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How to Use Our Forex Broker Reviews

ForexNewBonus reviews forex brokers on licence and regulation, account types, trading platforms, fees and commission, spreads, deposits and withdrawals, and client support. The list below puts every broker side by side so you can shortlist the right one in minutes. Our first priority is the safety of your money: the forex market moves fast, and an unregulated broker can put your funds at risk, so we always recommend opening an account with a well-regulated company.

Regulation

A licensed broker must keep client money separate and follow strict business rules.

Competitive spreads

Spreads are your main cost. Compare typical spreads on the pairs you trade most.

Platforms & tools

Look for MT4, MT5 or web and mobile apps with secure login and fast execution.

Low fees

Check commission, swaps, inactivity and withdrawal charges before you deposit.

Deposit & withdrawal

Choose a broker with fast, low-cost payment methods in your country.

Bonus terms

Read the lot requirement and expiry before you claim any promotion.

Use Forex Broker Reviews to assess trading cost

Best Forex Broker list
4

EBC broker review

Leverage
1:1000
All Accounts
Spreads
0.01 Pops
Pips
Regulations
—
FCA, ASIC, CIMA
FX Pairs
300
No Fee
Min. Deposit
$100
Forex Free Signals
Editor Rating
5.0
★★★★★
Start Trading Read Review › of EBC
5

Royal broker review

Leverage
1:400
All Accounts
Spreads
0.02 Pips
Pips
Regulations
—
ASIC, CySEC, CMA
FX Pairs
300
No Fee
Min. Deposit
$50
100% Forex Deposit
Editor Rating
5.0
★★★★★
Start Trading Read Review › of Royal
7

IronFX broker review

Leverage
1:1000
All Accounts
Spreads
0.0 Pips
Pips
Regulations
—
CySEC
FX Pairs
300
No Fee
Min. Deposit
$100
100% Sharing Deposit
Editor Rating
5.0
★★★★★
Start Trading Read Review › of IronFX
13

ForexTime broker review

Leverage
1:1000
All accounts
Spreads
0.0 Pips
Pips
Regulations
—
CySEC, FCA, FSB, IFSC
FX Pairs
298
No Fee
Min. Deposit
$/£/€ 10
30% Welcome Deposit
Editor Rating
5.0
★★★★★
Start Trading Read Review › of ForexTime
14

ATFX broker review

Leverage
1:500
All accounts
Spreads
0.0 Pips
Pips
Regulations
—
FCA
FX Pairs
190
No Fee
Min. Deposit
$100
$100 Free Welcome
Editor Rating
5.0
★★★★★
Start Trading Read Review › of ATFX
18

Tickmill broker review

Leverage
1:500
All accounts
Spreads
0.01 Pips
Pips
Regulations
—
FCA UK, CySEC, FSA SC
FX Pairs
180
No Fee
Min. Deposit
$100
$30 Forex No Deposit
Editor Rating
5.0
★★★★★
Start Trading Read Review › of Tickmill

Showing 1–20 of 20 brokers

How We Review Forex Brokers

Each broker is scored on the same criteria so the ratings are fair and easy to compare. We check every licence on the regulator's own website, test the platforms, and look at real trading costs instead of advertised minimums.

1

Regulation & Fund Safety

The most important factor. A broker licensed by a strong regulator is audited and must protect client money.

  • Top-tier licences: FCA (UK), ASIC (Australia), CySEC (EU).
  • Segregated accounts: your money is kept apart from company funds.
  • Negative balance protection: you cannot lose more than your deposit.
2

Trading Costs

Low fees keep more profit in your pocket. Brokers charge through spreads, commission and overnight swaps.

  • Spreads: average EUR/USD and gold spreads, not just the minimum.
  • Commission: cost per round-turn lot on raw accounts.
  • Hidden fees: inactivity, deposit and withdrawal charges.
3

Platforms & Execution

A good broker offers desktop, web and mobile platforms so you can trade from anywhere, at any time.

  • Platforms: MT4, MT5, cTrader or a proprietary app.
  • Security: two-factor or fingerprint login.
  • Execution: fast fills with little slippage or requotes.
4

Accounts, Bonuses & Support

The right account type and helpful support make daily trading much easier, especially for beginners.

  • Accounts: standard, ECN, cent and swap-free options.
  • Bonuses: no deposit, deposit and cashback offers with fair rules.
  • Support: 24/5 live chat in your language.

Which Broker Fits You?

Match your goal to the brokers worth comparing first.

Your goalWhat to look forBrokers to compare
Strong regulationFCA, ASIC or CySEC licenceEBC, Tickmill, ATFX, FXTM, Royal
Small starting budgetMinimum deposit $1–$10FBS, OctaFX, M4Markets, XtreamForex, Leo Prime
Trade without a depositNo deposit bonusdbInvesting, Tickmill, Grand Capital, FBS
Grow a depositDeposit or welcome bonusRoyal, IronFX, OctaFX, Axiory, GANN Markets
Low spreadsRaw spreads from 0.0 pipsIronFX, 4XC, OctaFX, JustForex, ATFX

How to Open a Forex Account in 5 Steps

The same simple process works with every broker on this page.

  1. Compare brokers in the list above and read the full review.
  2. Register a live account on the broker's official site.
  3. Verify your profile with ID and proof of address.
  4. Fund your account or claim an available bonus.
  5. Start small, use a stop-loss and manage your risk.

Frequently Asked Questions

Quick answers to the questions traders ask most.

What is the best forex broker?

There is no single best broker for everyone. The right choice depends on your country, trading style, budget and platform. Start with brokers licensed by strong regulators such as FCA, ASIC or CySEC, then compare spreads, commission, minimum deposit and withdrawal speed.

How do you review forex brokers?

Every broker is checked on the same six points: regulation and fund safety, trading costs, platforms and tools, account types and minimum deposit, deposit and withdrawal methods, and customer support. Ratings are updated when a broker changes its conditions.

What is the minimum deposit to start forex trading?

Several brokers on this list accept a first deposit of $1 to $10, such as FBS ($1), OctaFX ($5) and M4Markets ($5). Others like Tickmill and ATFX start at $100. A low deposit is good for testing a broker, but regulation matters more than the entry price.

Which brokers offer a forex no deposit bonus?

On this list, dbInvesting, Tickmill (FSA clients), Grand Capital and FBS have offered no deposit bonuses. Terms change often, so always confirm the current offer on the broker's official site before you register.

Is high leverage good for beginners?

High leverage such as 1:1000 or 1:3000 increases both profits and losses. Beginners should keep effective leverage low, use a stop-loss on every trade and risk only 1–2% of the account per position.

How can I check if a forex broker is regulated?

Find the licence number in the broker's website footer, then search it on the regulator's official register, such as the FCA register, ASIC Connect or the CySEC entities list. The company name and website domain on the register must match the broker.

What spreads should I expect?

Raw or ECN accounts often start from 0.0 pips plus a commission per lot, while standard accounts usually have no commission and wider spreads from about 1 pip on EUR/USD. Compare the total cost per lot, not only the advertised minimum spread.

How fast are withdrawals?

Most brokers process e-wallet and crypto withdrawals within 24 hours after your account is verified. Bank cards and wire transfers can take 2 to 7 business days. Verify your account early to avoid delays.