1FreshForex
NameFreshForex
Web site
Founded in2004
RegulatedKROUFR
Reviews78
Minimum Deposit-
Maximum Leverage1:1000
Broker typeNDD, MM
Unique Selling PointsMultiple Account Types: Fresh Forex offers several account types that cater to traders with different levels of experience and trading styles. The standard account is designe...
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Pros
    • Regulated Broker: Fresh Forex is a regulated broker, providing traders with a sense of security and reliability in their operations.

    • Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.

    • Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.

    • Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.

    • Flexible Leverage: Traders can access up to 1:2000 leverage, which provides an opportunity to magnify potential profits.

Cons
    • Limited Customer Support: Fresh Forex only offers customer support during working hours, which may be inconvenient for traders in different time zones.

    • No US and Canada Clients: Fresh Forex does not accept clients from the United States and Canada, limiting its reach to traders from these regions.

    • Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.

2HYCM
NameHYCM
Web site
Founded in1977
RegulatedFCA
Reviews185
Minimum Deposit20 $
Maximum Leverage1:400
Broker typeMM
Unique Selling PointsMulti-Asset Platform: HYCM provides a multi-asset trading platform that enables traders to trade various financial products such as stocks, forex, indices, and commodities. H...
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Pros
    • Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker's platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.

    • Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker's versatility. Depending on the traders' nationality, anyone can enjoy full access to the trading platform in their preferred language.

    • Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform's functionality and create an enjoyable trading experience.

    • A unique mobile trading app: HYCM has proved that it is an industry leader with the availability of its trading app. Only a few brokers can boast of an exclusively designed trading platform.

Cons
    • Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC's customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.

3EXNESS
NameEXNESS
Web site
Founded in2008
RegulatedFCA, CySEC
Reviews66
Minimum Deposit-
Maximum Leverage1:2000
Broker typeNDD, ECN
EXNESS BROKER REVIEW: Full GuideEXNESS AT A GLANCEExness Group is an international forex and CFD broker focused on offering a repertoire of equities, indices, commodities, currencies, and cryptoc...
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Pros
  • 1. Specialized trading accounts for new and experienced traders

    2. Free VPS hosting, which any trader can qualify for by trading for at least 14 days with a lifetime deposit of $500 3. 24/7 instant money withdrawal

    4. Narrow spreads across trading accounts

    5. No hidden commission fees

Cons
  • 1. The Exness Training resource section is only available in English, limiting traders who don’t understand English from accessing it.

    2. Customer service is unavailable 24/7 in every language.

    3. Unavailable to retail clients in the UK and some US territories.

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4Instaforex
NameInstaforex
Web site
Founded in2007
RegulatedRAUFR
Reviews79
Minimum Deposit1 $
Maximum Leverage1:1000
Broker typeNDD, ECN
Unique Selling PointsWide range of trading instruments: InstaForex offers over 100 currency pairs, as well as CFDs on stocks, indices, commodities, and cryptocurrencies. This allows traders to di...
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Pros
    • Wide range of trading instruments, including over 100 currency pairs, cryptocurrencies, and metals.

    • Competitive spreads and high-leverage options are available for traders.

    • Multiple trading platforms to choose from, including MetaTrader 4 and 5.

    • Flexible deposit and withdrawal options, including various e-wallets and cryptocurrencies.

    • Comprehensive educational resources and analytical tools are available to support traders. 

Cons
    • High withdrawal fees for specific payment methods.

    • Limited options for social trading or copy trading.

    • No support for traders in the United States due to regulatory restrictions.

5AMarkets
NameAMarkets
Founded in2007
RegulatedFSA
Reviews56
Minimum Deposit100 $
Maximum Leverage1:3000
Broker typeNDD, ECN
Unique Selling PointsBest for multilingual/international tradersMulti-Language support: AMarkets provides support for over 20 different languages. Clients can access the website, trading platform...
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Pros
    • Regular bonus offers and promotions

    • Instant and commission-free deposit

    • Up to 1:3000 leverage

    • Multiple deposit methods, including crypto

    • Spreads as low as 0 pips (ECn accounts)

Cons
    • High initial deposit for ECN account

    • Unavailable to retail clients in the UK and US 

    • Not FCA Regulated

    • Limited educational resources

6NPBFX
NameNPBFX
Web site
Founded in1996
RegulatedFSC Belize
Reviews20
Minimum Deposit10 $
Maximum Leverage1:200
Broker typeNDD, STP
Unique Selling PointsInnovative Technology usage: The broker uses high-tech software and hardware complex to ensure fast transaction processing, with a liquidity aggregator and bridge for closing...
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Pros
    • Membership in the Financial Commission provides up to €20,000 in insurance coverage on traders' deposits.

    • NPBFX offers social trading with access to the independent ZuluTrade platform, which allows traders to follow and copy the trades of experienced traders.

    • All trading strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all accounts.

    • The minimum deposit amount required is relatively low, making it accessible to many traders.

    • The broker operates on both NDD and STP broker models, which means that traders have access to a range of liquidity providers, resulting in better pricing.

Cons
    • NPBFX does not offer the MT5 trading platform, which has unique advantages over the MT4.

    • NPBFX does not provide cent accounts, which may make it difficult for traders with small trading capital to get started.

    • The verification process to open an account with NPBFX can be complicated and time-consuming, which may deter some traders.

    • US and Canadian clients are not accepted by NPBFX, which may be disappointing for some traders in those regions.

7GrandCapital
NameGrandCapital
Web site
Founded in2006
Regulated-
Reviews5
Minimum Deposit10 $
Maximum Leverage1:2000
Broker typeSTP
Unique Selling PointsTrading Bonuses and Promotions: Grand Capital offers new and current traders different incentives and special offers. Its bonus packages include a welcome bonus, a cashback progra...
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Pros
    • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

    • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

    • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

    • Multiple Trading Accounts: Grand Capital has multiple account types to suit the needs of different traders. The accounts include Micro, Standard, ECN, and Swap-free accounts.

    • Multilingual Customer Service and Support: Grand Capital's website and customer support are available in English, German, Spanish, French, Arabic, Indonesian, Malay, Polish, Portuguese, Russian, Vietnamese, and Japanese. Hence, traders can choose their preferred language to trade conveniently or access customer support.

Cons
    • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

    • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.

8Alfa-Forex
NameAlfa-Forex
Web site
Founded in2016
RegulatedCBR
Reviews1
Minimum Deposit-
Maximum Leverage1:40
Broker typeNDD
Unique Selling PointsRegulation and Licensing: AlfaForex is a fully regulated broker licensed by the Central Bank of Russia. This regulatory body is highly respected and is known for its strict r...
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Pros
    • Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.

    • Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.

    • Competitive spreads start from 0.1 pips.

    • Multiple trading platforms are available, including MT4, MT5, and Alfa-Forex Trader.

    • Customer support is available in multiple languages via email, phone, and in-person visits.

Cons
    • Not available for US clients.

    • A limited selection of account types to choose from.

    • No social trading or copy trading options available.

    • No bonuses or promotions are offered to clients