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Regulated Forex Broker Reviews

We've reviewed 14 brokers. Every licence number is looked up on the regulator's own register, each review shows the date it was checked, ads are labelled, and no broker can pay for a higher score.Check a licence yourself: free 6-step guide and PDF →

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PopularBrokers for beginnersIslamic accountsXM vs ExnessIs forex legal?
Highest ratedAffiliate link
IC MarketsLicensed by ASIC, CySEC +3
4.90/5
Min. deposit
$0
Max leverage
1:5000

Terms shown are for the global account (FSA, Seychelles).

Visit IC MarketsRead review
Rated #2 of 14Affiliate link
XMLicensed by CySEC, DFSA +2
4.75/5
Min. deposit
$5
Max leverage
1:1000

Leverage up to 1:1000 is for the XM Global account (FSC, Belize).

Visit XMRead review
Rated #3 of 14Affiliate link
ExnessLicensed by FSCA, CMA +2
4.75/5
Min. deposit
$10
Max leverage
Unlimited

Unlimited leverage needs equity under $5,000 and 10 closed orders on an eligible account.

Visit ExnessRead review
CalendarFull calendar →

Next rate decisions

  • RBNZOCR 2.75%
  • Bank of CanadaPolicy rate 2.25%
  • Federal ReserveFed funds 3.75–4.00%
  • ECBDeposit rate 2.50%
  • Bank of JapanPolicy rate 1.25%
  • RBACash rate 4.60%
  • Bank of EnglandBank Rate 3.75%
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ECB Preview: Two Hikes Are Done. Does the ECB Pause or Push On at 2.50% on 29 October?Top StoriesECB Preview: Two Hikes Are Done. Does the ECB Pause or Push On at 2.50% on 29 October?Inflation hit 3.8% in September, but the ECB promised no rate path and has no new forecasts this month. Here is what each outcome could mean for the…
More storiesGold Slips Below $4,000 After Its Worst Week Since June, Even as Real Yields FallUS 10-Year Yield Drops to 4.96%, Its Biggest One-Day Fall Since August 2024Japan's Core Inflation Jumps to 2.1% in September, a Week Before the Bank of Japan DecidesUK Retail Sales Slip 0.4% in September as Warm Weather Hits Clothing, but the Quarter Grows
Daily news →RBA's Hauser Says the Inflation Outlook Looks 'Materially Worse' as Australian CPI NearsRBA's Hauser Says the Inflation Outlook Looks 'Materially Worse' as Australian CPI NearsTop Stories · 2 hours agoBank of Canada Preview: Core Inflation Is Near 2%, but Tariffs and Oil Cloud Wednesday's CallBank of Canada Preview: Core Inflation Is Near 2%, but Tariffs and Oil Cloud Wednesday's CallTop Stories · 2 hours agoFed Preview: One More Hike Is Pencilled In for 2026. Will It Come on 28 October?Fed Preview: One More Hike Is Pencilled In for 2026. Will It Come on 28 October?Top Stories · 1 day agoBoJ Preview: Two Rate Rises This Year, Yet the Yen Still Trades Near 157 per DollarBoJ Preview: Two Rate Rises This Year, Yet the Yen Still Trades Near 157 per DollarTop Stories · 1 day agoWeek Ahead: Five Central Bank Decisions in Three Days, Plus US GDP and Australian CPIWeek Ahead: Five Central Bank Decisions in Three Days, Plus US GDP and Australian CPITop Stories · 2 days ago
Market analysis →GBP/USD Analysis Today: Pound at 1.3368, Just Under the 1.3400 Cap and Its 50-Day AverageGBP/USD Analysis Today: Pound at 1.3368, Just Under the 1.3400 Cap and Its 50-Day AverageUpdated todayEUR/USD Analysis Today: Reference Rate at 1.1193, Close to the 2026 Low Before the ECBEUR/USD Analysis Today: Reference Rate at 1.1193, Close to the 2026 Low Before the ECBUpdated todayGold Analysis Today: XAU/USD Spot Back Above $4,000 at $4,014 as a Big Central Bank Week BeginsGold Analysis Today: XAU/USD Spot Back Above $4,000 at $4,014 as a Big Central Bank Week BeginsUpdated todayUSD/JPY Analysis Today: Pair at 156.80, a 20-Day Low, Before the Fed and Bank of JapanUSD/JPY Analysis Today: Pair at 156.80, a 20-Day Low, Before the Fed and Bank of JapanUpdated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 4 days ago
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Methodology

How a score is built

Ten weighted factors add up to 100 points, and stars are the score divided by 20. A broker with only offshore licences cannot score above 55.

Factor 1 of 10

Regulation & Safety

20% of the score

Decides what happens to your money if something goes wrong. Every licence number is checked on the issuing regulator's public register, and a broker with only offshore licences cannot score above 55.

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Questions people ask about us

Which forex brokers has FX Recap reviewed?

14 brokers: IC Markets, XM, Exness, FP Markets, Pepperstone, AvaTrade, RoboForex, LiteFinance, IUX Markets, Tickmill, FXTM, Vantage Markets, Fusion Markets, Elev8. Each review covers regulation, fees, accounts, platforms, deposits and withdrawals.

How does FX Recap check a broker?

Every licence is checked on the regulator's own register, and fees, leverage and deposit rules come from the broker's own published terms. Each review shows the date it was last checked.

Does FX Recap get paid by brokers?

Some links are affiliate links, and we may earn a commission when you open an account through them. Ads are labelled, and a broker cannot pay for a higher rating.

How often is the market analysis updated?

EUR/USD, GBP/USD, gold and USD/JPY analysis is updated every weekday morning. The latest update was 26 October 2026, ECB rates of 23 Oct, gold 03:28 UTC.

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