EUR/USD1.1534▲ 0.0000

GBP/USD1.3350▲ 0.0000

USD/JPY160.32▲ 0.0000

USD/CHF0.7957▲ 0.0000

AUD/USD0.7060▲ 0.0000

USD/CAD1.3940▲ 0.0000

New Listing: Morfin FX LLC

NZD/USD0.5807▲ 0.0000

EUR/GBP0.8640▲ 0.0000

EUR/USD1.1534▲ 0.0000

GBP/USD1.3350▲ 0.0000

USD/JPY160.32▲ 0.0000

USD/CHF0.7957▲ 0.0000

AUD/USD0.7060▲ 0.0000

USD/CAD1.3940▲ 0.0000

New Listing: Morfin FX LLC

NZD/USD0.5807▲ 0.0000

EUR/GBP0.8640▲ 0.0000

Independent Ratings Platform

The Truth About
Every Broker,
Laid Bare.

ForexXP delivers unfiltered XP Trust Scores for forex brokers, liquidity providers and technology vendors — powered by verified traders and zero conflicts of interest.

Browse All Brokers Submit a Review Scam Alerts

564

Brokers Rated

User Reviews

Top Rated

328

Flagged

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ECN FCA Regulated Low Spread MT5 Crypto Islamic

Verified ReviewsReal traders only

XP Trust Score10-point system

Scam AlertsUpdated daily

Global Coverage50+ countries

150+ Brokers

Comprehensive database Updated regularly

Regulation Check

Verified regulatory info Safety First

XP Trust Score

10-point rating system Community Driven

Scam Alerts

Daily fraud warnings Stay Protected

Spotlight

Featured Brokers

Hand-picked brokers with outstanding conditions & service

View All

★ Featured 9.0 XP

Vantage

9.0/10

Vantage is a global online trading broker known mainly for forex and CFD trading. It offers access to a w…

Hybrid $50

View Details Visit Site

★ Featured 9.2 XP

Axi

9.2/10

Global Forex broker with premium trading conditions

Hybrid No Min

View Details Visit Site

★ Featured 9.0 XP

GTCFX

9.0/10

GTCFX, also known as Global Trade Capital FX, is an international online trading broker that provides acc…

Hybrid $3,000

View Details Visit Site

★ Featured 9.3 XP

Pepperstone

9.3/10

Leading Forex and CFD broker with razor spreads

Hybrid $200

View Details Visit Site

★ Featured 9.5 XP

XM

9.5/10

Multi-asset broker with extensive educational resources

Hybrid $5

View Details Visit Site

★ Featured 8.1 XP

OANDA

8.1/10

OANDA is a globally recognised online trading platform that mainly focuses on forex trading, along with C…

Hybrid No Min

View Details Visit Site

★ Featured 9.4 XP

FP Markets

9.4/10

Award-winning ECN broker with tight spreads

Hybrid $100

View Details Visit Site

★ Featured 8.1 XP

NEEX (PTY) LTD

8.1/10

Neex positions itself as a global online trading broker offering access to a variety of financial markets…

Hybrid $50

View Details Visit Site

Excellence

Top Rated Brokers

XP Trust Score 8.0+ — the industry's most trusted

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★ Top 9.7 XP

IC Markets

9.7/10

Global CFD and Forex broker offering raw spreads and high liquidity

Hybrid $200

View Details Visit Site

★ Top 9.5 XP

XM

9.5/10

Multi-asset broker with extensive educational resources

Hybrid $5

View Details Visit Site

★ Top 9.5 XP

CMC Markets Singapore Pte. Ltd

9.5/10

CMC Markets UK plc is one of the most established and reputable online trading and financial services pro…

Hybrid No Min

View Details Visit Site

★ Top 9.4 XP

FP Markets

9.4/10

Award-winning ECN broker with tight spreads

Hybrid $100

View Details Visit Site

★ Top 9.3 XP

Pepperstone

9.3/10

Leading Forex and CFD broker with razor spreads

Hybrid $200

View Details Visit Site

★ Top 9.2 XP

Axi

9.2/10

Global Forex broker with premium trading conditions

Hybrid No Min

View Details Visit Site

★ Top 9.1 XP

Eightcap

9.1/10

Forex and CFD broker with competitive pricing

Hybrid $100

View Details Visit Site

★ Top 9.0 XP

BAXIA MARKETS

9.0/10

BAXIA Markets is an online brokerage firm focused on delivering accessible, secure, and technologically a…

Hybrid $10

View Details Visit Site

Fresh Additions

Latest Brokers

Recently added to the ForexXP database

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New 1.1 XP

Cronos Markets Limited

1.1/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

New 1.0 XP

SB Global Ltd (G4Trade)

1.0/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

New 1.6 XP

Tronex Ltd

1.6/10

Trusted broker with competitive trading conditions.

Hybrid $10

View Details Visit Site

New 6.2 XP

NorthStar Limited

6.2/10

NorthStar Limited is an online brokerage firm that provides access to a variety of global financial marke…

Hybrid $25

View Details Visit Site

New 5.0 XP

ZiFi Markets Ltd

5.0/10

ZiFi Markets Ltd is an online brokerage company that provides access to a range of financial markets thro…

Hybrid No Min

View Details Visit Site

New 8.2 XP

Ultima Markets Ltd

8.2/10

Ultima Markets Ltd is a multi-asset online trading broker that provides access to a range of financial ma…

Hybrid $50

View Details Visit Site

New 5.1 XP

Fiper Global LLC

5.1/10

Trusted broker with competitive trading conditions.

Hybrid $250

View Details Visit Site

New 2.0 XP

Morfin FX LLC

2.0/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

Community Voice

Latest User Reviews

Unfiltered feedback from verified traders worldwide

All Reviews

Ava Smith

Canada

Nov 10, 2025

Great for instant execution

Exness provides good instant execution with minimal requotes. The withdrawal process is fast and efficient.

Mason Martin

Canada

Nov 10, 2025

Mixed experience with offshore broker

Trading conditions are decent but the offshore regulation makes me cautious. Had some slippage issues during news.

Sophia Lee

Canada

Nov 10, 2025

Good for professional trading

GTCFX offers professional trading conditions with good platform options. The execution is generally reliable.

Finn Müller

Germany

Nov 10, 2025

Popular but average execution

FBS is popular among retail traders but execution quality could be better. Good for beginners learning.

Lena Schmidt

Germany

Nov 10, 2025

Withdrawal problems experienced

Had significant issues with withdrawal processing and account verification. Would not recommend.

Leon Fischer

Germany

Nov 10, 2025

Good fixed spread broker

EasyMarkets offers fixed spreads which is great for risk management. The deal cancellation feature is unique.

Caution Zone

Brokers Under Scrutiny

XP Trust Score below 5.0 — exercise extreme caution before depositing

Full Caution List

⚠ Caution 0.4 XP

HK Fortune

0.4/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

⚠ Caution 0.8 XP

All Star

0.8/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

⚠ Caution 0.8 XP

BOP GLOBAL

0.8/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

⚠ Caution 1.0 XP

Fatdi LTD

1.0/10

Trusted broker with competitive trading conditions.

Hybrid No Min

View Details Visit Site

About ForexXP

Built for Traders.
Not for Brokers.

ForexXP is an independent ratings platform covering forex brokers, liquidity providers, and technology vendors. Our mission is radical transparency for the trading industry.

Every institution is evaluated across regulation, trading conditions, platform quality, customer support, and verified user experience — all aggregated into a single XP Trust Score.

Verified Reviews

Only real traders with accounts can submit reviews.

Zero Paid Rankings

Brokers cannot pay for better scores or placement.

Scam Alerts

Real-time warnings updated as reports come in.

LP & Tech Ratings

Beyond brokers — LPs, trading tech, and more.

Risk Disclosure: Forex trading involves significant risk of loss and is not suitable for all investors. Information on ForexXP is for educational purposes only and does not constitute financial advice. Always consult a qualified financial advisor.

Platform Stats

By the Numbers

Total Brokers Rated

564

Growing

User Reviews Published

Verified

Top-Rated (8+ XP)

Trusted

Flagged / Under Scrutiny

328

Caution

Learn About Our Process

Need Help?

Common Questions

Everything you need to know about choosing a forex broker safely and understanding our XP Trust Score system.

Trader Education Hub

Choosing the right forex broker involves evaluating:

Regulation: Only use brokers regulated by FCA, ASIC, CFTC, or CySEC.
Trading Conditions: Compare spreads, commissions, and execution speed.
Platform: Evaluate MT4/MT5 availability and trading tools.
Withdrawals: Test the withdrawal process before large deposits.
Reviews: Read verified trader reviews on ForexXP.

The XP Trust Score is ForexXP's 10-point rating system:

8.0–10.0 XP: Highly trusted — strong regulation, excellent feedback.
6.0–7.9 XP: Acceptable — regulated with generally positive reviews.
Below 6.0 XP: Caution advised — complaints or regulatory concerns.
Below 5.0 XP: Under Scrutiny — multiple red flags, possible fraud indicators.

Forex brokers fall into several categories:

Market Makers: Take the opposite side of your trade — potential conflict of interest.
ECN Brokers: Route orders directly to liquidity providers.
STP Brokers: Straight-through processing without dealer intervention.
DMA Brokers: Direct market access, institutional-grade.

Never take a broker's word for it:

Visit the Regulator: Check FCA, ASIC, CFTC or CySEC official registers directly.
License Number: Every legitimate broker has a verifiable license number.
Clone Brokers: Scammers mimic legitimate names — verify the exact legal entity.
Sanctions History: Search for regulatory fines or enforcement actions.

Watch for these red flags:

No Regulation: Cannot produce a verifiable license number.
Guaranteed Profits: Any promise of fixed returns is fraudulent.
Withdrawal Problems: Bonus lock-ins, endless verification, or outright theft.
Pressure Tactics: Urgency, "limited time" offers, personal account managers.
Unrealistic Bonuses: 100%+ bonuses with impossible volume requirements.