Brokerage Companies
In 2023
Best Brokers of 2023
  • Highest Rated
  • Popular
  • Most Recommended
1 Binance
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Binance

Founded in 2012 in China, Binance has quickly become one of the world's largest crypto currency exchange platforms.
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9.5
Regulation Reliability
7
Expenses
8
Spreads
9.5
Diversity of Products
10
Promotions
8
Money Transfer Options
9
PROS:
  • Well-known company
  • Number of tradeable products
  • Low commissions
  • Security
CONS:
  • No short-sale
  • Take profit and stop loss orders are inefficient
Editors' Choice 2 FxPro
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FxPro

FxPro is a well-known company that is inspected by many national organizations with its 1.3 million customers. Company is accepted as one of the leading companies in terms of reliability and product diversity.
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9
Regulation Reliability
9.5
Expenses
8
Spreads
8
Diversity of Products
10
Promotions
0
Money Transfer Options
7.5
PROS:
  • Regulated by the best authorities
  • A lot of products to trade
  • Trading platforms are strong
CONS:
  • Spreads are a little higher
  • Lack of promotions and educational content
Popular 3 Vantage Fx
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Vantage Fx

Vantage Fx is an Australian company which was founded in 2009 known for low trading costs, also serves to the European investors.
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9
Regulation Reliability
9
Expenses
8.5
Spreads
9.5
Diversity of Products
8.5
Promotions
8.5
Money Transfer Options
8
PROS:
  • Lowest spreads reviewed
  • Low trading costs
  • Special mobile application
CONS:
  • Pro ECN Account minimum deposit is high
4 PrimeXBT
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PrimeXBT

PrimeXBT was established in 2018 and is classified as a hybrid broker and one of the leading companies that can leverage crypto, forex and CFD transactions with your bitcoin based account.
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8.5
Regulation Reliability
6.5
Expenses
9
Spread
10
Diversity of Products
7
Promotions
6
Money Transfer Options
9.5
PROS:
  • No formality, KYC verification
  • Bitcoin deposits and withdrawals
  • Leveraged crypto transactions
  • Short sale option
CONS:
  • No PC software
  • No API support
  • Limited number of products
5 XM Global
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XM Global

Xm is a Forex and CFD brokerage firm established in 2009, based in Cyprus and Belize. They provide attractive bonuses and educational content and low spreads for their customers.
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8.5
Regulation Reliability
8
Expenses
8
Spreads
9
Diversity of Products
8.5
Promotions
8.5
Money Transfer Options
9.5
PROS:
  • Bonuses and promotions
  • Transfers via Bitcoin
  • High trading volume
CONS:
  • Medium spreads
6 FXTM
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FXTM

FXTM is a Forex & CFD brokerage firm founded in 2011. They have received many awards and supervised by the best regulatory authorities.
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8
Regulation Reliability
9
Expenses
7
Spreads
7
Diversity of Products
7
Promotions
8
Money Transfer Options
8
PROS:
  • FXTM Invest copy trade service
  • ECN order execution
  • Reliable regulators
  • Deposit and withdrawals with Bitcoin
CONS:
  • Limited product range
  • Passive account commissions
  • Withdrawal commissions
7 Tickmill
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Tickmill

Tickmill Group was established in 2014. It is a forex, CFD brokerage with more than 200,000 registered customers, serving with 3 companies.
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8
Regulation Reliability
8.5
Expenses
8.5
Spread
9
Diversity of Products
8
Promotions
8
Money Transfer Options
8
PROS:
  • Competitive spreads
  • Negative balance protection
  • Regulator organization selection
CONS:
  • Fairly new company
  • MT5 is not supported
8 IC Markets
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IC Markets

IC Markets is a Forex & CFD brokerage firm based in Australia and Seychelles which was founded in 2007. Ultra-low spread rates and ECN order executions are remarkable.
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8
Regulation Reliability
8.5
Expenses
8
Spreads
9.5
Diversity of Products
8.5
Promotions
0
Money Transfer Options
7.5
PROS:
  • Low spread
  • Fast and easy registration
  • Commission-free deposits and withdrawals
  • Fast order execution
CONS:
  • Spreads widen during first minutes of new day
9 FBS
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FBS

FBS is a Forex & CFD broker, founded in 2009, serving more than 190 countries. It attracts attention with its attractive promotions and seminars.
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7.5
Regulation Reliability
7.5
Expenses
7.5
Spread
7.5
Diversity of Products
8
Promotions
8.5
Money Transfer Options
8
PROS:
  • Award winning brokerage firm
  • Bonuses and promotions
  • High leverage for non-European countries
  • Seminars and fairs
CONS:
  • Limited number of products
  • Low leverage for European countries
10 AxiTrader
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AxiTrader

AxiTrader is an experienced Australian company that started its operations in 2007 and is supervised by prestigious authorities.
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7.5
Regulation Reliability
9.5
Expenses
8
Spread
8.5
Diversity of Products
8.5
Promotions
7
Money Transfer Options
6.5
PROS:
  • No lower deposit limit
  • Additional features for trading platforms
CONS:
  • The only option for withdrawals is bank transfer
  • Demo accounts are time-limited

Top Brokerage Companies

Reviewed by professional traders

A good brokerage firm is the company that stands at the same side with its customer. Just like other industries, certain rules and regulations must be followed in forex trading. A trader should consider a broker to be his/her partner in trading. A successful trader can only be successfull as his/her firm allows him/her to be. 

“A successful trader can only be successfull as his/her firm allows him/her to be. ”

With the aim of preventing fraud, manipulative and malicious practices that we often encounter in the financial market, each country have increased their controls by introducing strict regulations to the companies they are responsible for.

These audits and regulations aim to ensure that companies operate in a transparent manner and to protect the integrity of financial markets.

Comprehensive
Unbiased
Broker
Reviews

Before publishing our reviews, we tested the account opening processes, the documents you need and the approval processes of the documents live by opening real accounts in each company.

We conducted test requests with customer service and examined how and how fast the messages were responded to live chat requests.

 

We recorded the spread ratios of the accounts, trading costs, deposit and withdrawal transactions by processing them in real accounts.

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