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Home » Forex Brokers » by Regulation » Most Trusted

Most Trusted Forex Brokers

A most trusted forex broker must be regulated by top authorities (FCA, ASIC), maintain financial stability, and ensure robust security. Transparency in fees, positive client reviews, competitive trading conditions, excellent customer service, and advanced platforms are essential. In this list you will find regulated brokers with high ratings.

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Forex.com
trusted
Available in
Country Flag
1
Forex.com
20 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons

  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
76-77% of retail investor accounts lose money when trading CFDs with this provider.
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OANDA
trusted
Available in
Country Flag
2
OANDA
13 customer reviews
Rating
4.5
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Start trading
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Exness
trusted
Not available in
Country Flag
3
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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FxPro
trusted
Not available in
Country Flag
4
FxPro
206 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
Pros

  • Regulated by Multiple Tier-1 Authorities

  • Competitive Trading Conditions

  • Wide Range of Trading Platforms

Cons

  • Higher Commissions on Certain Platforms

  • Limited Educational Resources Compared to Other Brokers

  • Not Available Worldwide

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:10000
Start trading
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Libertex (Europe)
trusted
Not available in
Country Flag
5
Libertex (Europe)
0 customer reviews
Rating
4.7
/ 5
Expand
  • Affiliate Program
  • Very Low Commissions
  • Proprietory Trading Platform
  • Real Stock Options
Pros

  • Highly Regulated Broker: Libertex is regulated by CySEC, and has been operating for over a decade making it one of the reputable names in the brokerage space. 

  • Extensive Range of Underlying Assets: Wide range of CFDs (300+ across all major markets) plus real stock investment.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform. 

Cons

  • Leverage Capped at up to 1:30 for Retail Clients: Retail leverage is capped at 1:30 because of CySEC regulation.

  • No Islamic (Swap-Free) Account: The broker does not offer Swap-Free/Islamic accounts. You can explore other brokers who offer swap-free trading on TopBrokers.

  • Limited Availability: Only clients from EEA Area and Switzerland are accepted.

  • Withdrawal feeLow (depends on platform)
  • Deposit fee€0
  • Max Leverage1:30
Start trading
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XM
Not available in
Country Flag
6
XM
34 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons

  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:888
Start trading
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IC Markets
Not available in
Country Flag
7
IC Markets
18 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
Pros

  • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.

  • Offers low average spreads and competitive pricing for all account types.

  • Provides plugins for third-party research and trading tools.

Cons

  • Limited product offerings.

  • No investor protection for traders outside the European Union.

  • No weekend trading, extra bonuses or promos.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
Start trading
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HYCM
Not available in
Country Flag
8
HYCM
173 customer reviews
Rating
4.6
/ 5
Expand
  • 24/7 instant money withdrawal
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.

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.

  • Withdrawal feeNo
  • Deposit feeNo
  • Max Leverage1:400
Start trading
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NordFX
trusted
Not available in
Country Flag
9
NordFX
7 customer reviews
Rating
4.5
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil

  • Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web

Cons

  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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AXITrader
Not available in
Country Flag
10
AXITrader
115 customer reviews
Rating
4.5
/ 5
Expand
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • Specialized trading accounts
Pros

  • No obligation demo accounts with US$50,000 of virtual funds to practice with

  • 24/5 Customer support available 

  • Multilingual support in 14 languages

Cons

  • Limited trading platform options

  • Limited trading instruments

  • Only forex and CFD trading

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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Our ranking methodology and selection process

Criteria for a Trusted Forex Broker Like XM

TopBrokers and other reputable platforms recommend trading with XM due to its status as a highly trusted broker. Here are the primary reasons:

Strong Regulatory Compliance

XM is regulated by multiple top-tier financial authorities, including the FCA (UK), ASIC (Australia), and CySEC (Cyprus). This multi-jurisdictional regulation ensures that XM adheres to strict standards for client fund security, transparency, and ethical business practices.

Competitive Trading Conditions

XM offers highly competitive spreads and low commissions, especially on its Ultra Low account which features spreads starting as low as 0.8 pips for major currency pairs like EUR/USD. This makes it an attractive option for both new and experienced traders looking to minimize trading costs.

Diverse Range of Trading Instruments

XM provides access to over 1000 trading instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. This extensive range allows traders to diversify their portfolios and explore multiple markets from a single platform.

Advanced Trading Platforms

XM supports MetaTrader 4 and MetaTrader 5, two of the most trusted and widely used trading platforms in the forex industry. These platforms offer advanced charting tools, automated trading capabilities, and are accessible across various devices, ensuring flexibility and convenience for traders.

Excellent Customer Support and Education

XM is known for its exceptional customer service, available 24/7 through multiple channels, including live chat, phone, and email. Additionally, XM provides comprehensive educational resources, including webinars, tutorials, and articles, which are valuable for both beginner and advanced traders.These attributes make XM a highly recommended broker among top forex broker review platforms, ensuring traders can trade with confidence knowing they are with a reliable and trustworthy broker .