Forex Broker Reviews
One of the most important factors that determine a forex trader's success is the broker(s) he or she chooses to do business with. There are many aspects to consider when choosing a forex broker, some of which you cannot find out until you have traded real money with them, at which point it may be too late. In this section, we give you that information up-front, with no bias. Our forex broker reviews are written after doing extensive testing of the brokers' forex platform, using real-money accounts. You will not find this type of information anywhere else. We hope it helps you make an informed decision on who you can trust with your money, and which broker is best suited to you and your trading style.
MIG fx Review
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MIG fx is one of the top Swiss forex brokers, regulated by ARIF, offering one of the most highly regulated and secure environments in which to trade spot forex, silver and gold, without any restrictions based on traders' place of residence - traders from any country in the world are welcome to have real accounts.
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Saxo Bank Review
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Saxo Bank is an international investment bank that focuses on providing its clients access to online trading across a variety of financial markets in a variety of countries. Included, of course, is the mother of all markets - spot forex. Saxo Bank is a fully regulated European Bank, based in Copenhagen, Denmark, and as such, provides a level of service that few other forex dealers can claim, as well as one of the best online trading platforms in the world.
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Alpari Review
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Alpari NZ (not the same company as Alpari UK or US), enjoys one of the best reputations for honesty among all retail forex brokers. There are numerous reports on the internet about Alpari spontaneously returning customers' money on orders that didn't get filled properly as a result of some error on Alpari's part. This is almost unheard of in the retail forex world, as most traders have to fight tooth-and-nail with their brokers for every pip. If this is the sort of service you value, and you should, then look no further than Alpari.
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FXcast Review
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FXcast is perhaps the premier offshore forex broker. Using a highly automated dealing system, FXcast is able to ensure that all clients are treated equally and fairly, and that the back-end runs quickly and efficiently, eliminating a lot of unnecessary costs. These cost savings are passed on to the client in the form of fairly low fixed spreads AND guaranteed limit order execution with NO slippage.
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Fast Brokers Review
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Fast Brokers is one of the few highly regarded brokers that are really well suited to investors of all shapes and sizes. From new traders with $500 accounts to professionals who trade millions per round turn. By offering 3 account types on 2 different trading platforms, as well as a mobile platform for trading junkies, nearly every type of trader can find a flavor that suits.
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Finexo Review
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Finexo is a "white-label" partner of Saxo Bank, a well known and respected investment bank offering among other things, spot forex trading. There are many differences to trading with Finexo rather than Saxo Bank though. Some of them you may see as beneficial and others not, depending on what suits you.
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Marketiva Review
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Marketiva is a good, easy to use forex trading platform for smaller account holders. Its main focus is on newer traders, who have somewhat different needs from experienced traders. It is also an excellent choice for Islamic traders because Marketiva is a "swap-free" forex broker
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Baron Forex Review
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Baron Forex, is one of the few offshore forex brokers that are regulated by a real financial services regulating body (IFSC in Belize). Being based offshore can bring with it many advantages to forex traders, but at the same time can be risky due to lax (or non-existant) regulation standards in many offshore jurisdictions. In the case of Baron Forex however, traders get the unique combination of both, the advantages of having an offshore broker AND the advantages of a fully regulated broker.
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HY Markets Review
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Henyep Investment (UK) Limited, the father of HY Markets, has been around since 1977, making it one of the most established players in the game. The company is also regulated by the FSA in the United Kingdom, adding another layer of security to clients who conduct business with HY Markets.
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UFX Bank
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UFX Bank is becoming known for the high level of service and safety they provide their customers, from the customer support, to guaranteeing all exit orders. All withdrawals and deposits are free of charge, including wire transfer withdrawals, with no limits. UFX Bank's trading conditions are such that the benefits of a UFX account are most pronounced for well capitalized traders.
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FXCM Review
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FXCM is one of the largest (over $100 million in firm capital) and best known forex brokers in the business. Featuring straight-through processing, multiple trading platforms including the popular MetaTrader 4 (MT4), FXCMs own downloadable FXCM Trading Station or Active Trader, as well as a Java platform that is compatible with Macs. Each platform has its own advantages, depending on your trading style.
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IBFX Review
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IBFX is widely regarded as one of the premier brokers in the retail forex market, and there is a reason for this reputation. Guaranteed fills on stop and limit orders, combined with very low spreads, straight-through order processing (no dealing desk) to multiple liquidity providers, industry-standard MetaTrader 4 (MT4) trading platform
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Sigma Forex Review
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Sigma Forex is a relatively new MT4 broker offering very low 1 pip spreads on 12 different pairs. Please be WARNED however, that its reputation among traders is fairly poor, with some calling Sigma Forex an outright scam. There are several reports cirulating around the internet about traders not being able to withdraw their profits, and even being denied withdrawals of their original deposits.
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eToro Review
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The main advantage eToro has over other trading platforms is that it is very easy to use. It may not have all the functionality of some professional platforms, such as conditional order types, automated trading etc. or access to exotic currencies and other instruments, but it is a solid entry-level forex platform. Over and above currencies, eToro also allows traders to take part in the commodity market by trading Gold (XAU/USD) and Silver (XAG/USD). It should also be noted that eToro is a swap-free broker.
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IKON Royal Review
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IKON Royal offers up the ubiquitous MetaTrader 4 (MT4) platform that is well known for its reliability and ease of use, as well as support for the widely used MQL4 programming language, allowing traders to design their own trading algorithms (Expert Advisors). While the platform certainly has its advantages, it does not offer the functionality that some professional level packages do.
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Oanda Review
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Oanda is a very well respected forex broker among large and small account holders. Oanda is known for being an innovative company that offers traders some unique features such as hourly swap payments and single unit positions sizing - your positions can be as small as 1 unit, which greatly improves traders' ability to apply sound money management rules correctly without having to round down your position sizes. Oanda also offers a great deal of transparency.
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Forex Yard Review
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Forex Yard offers a very nice trading package for intermediate level traders: good charting, combined with great execution - guaranteed stop orders, no slippage, no requotes - as well as the ability to trade oil, gold and silver.
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Easy Forex Review
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Easy Forex is one of the few brokerages that you either love or you hate. There are some things about it that are the best in the business, and some that are very frustrating. Depending on your trading style, you are bound to belong to one of the extreme camps.
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ForexGen Review
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ForexGen appears to be either an outright scam, or a very very badly run business, with scam being the much more likely scenario. The original deposit was returned to our traders only after a long battle, and the profits, which were significant in relation to the amount of the deposit, were never allowed to be withdrawn. ForexGen first disabled the trading accounts, and later nullified all the trades that had been made in the accounts. In addition, this broker is not regulated, and has already been investigated by Norwegian police, so we must recommend to everyone to stay away from ForexGen. You have been WARNED!
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CKfx Review
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More than just a mere offshoot of Forex Yard, CKFX offers up some things it's parent does not. Geared more toward smaller traders, CKFX has tailored some of its promotions to be more lucrative for smaller account holders.
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