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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

  • ECBDeposit rate 2.50%
  • Bank of JapanPolicy rate 1.25%
  • RBACash rate 4.60%
  • Bank of EnglandBank Rate 3.75%
  • RBA
  • Federal Reserve
  • SNBPolicy rate 0%
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RBNZ Holds the OCR at 2.75% in a 4-3 Vote, but Says Tighter Policy Is Likely to Be NeededTop StoriesRBNZ Holds the OCR at 2.75% in a 4-3 Vote, but Says Tighter Policy Is Likely to Be NeededThree of seven members wanted a third rise to 3%. The bank now sees inflation at 4.4% by December, so the kiwi heads into 9 December with a hike…
More storiesFed Preview: One More Hike Is Pencilled In for 2026. Will It Come on 28 October?BoJ Preview: Two Rate Rises This Year, Yet the Yen Still Trades Near 157 per DollarWeek Ahead: Five Central Bank Decisions in Three Days, Plus US GDP and Australian CPIGold Slips Below $4,000 After Its Worst Week Since June, Even as Real Yields Fall
Daily news →Australian CPI Rises to 4.3% in September as Fuel Lifts Transport 8.7%; RBA Meets Next WeekAustralian CPI Rises to 4.3% in September as Fuel Lifts Transport 8.7%; RBA Meets Next WeekTop Stories · 14 hours agoUS 5-Year Note Auction: $70 Billion Sells at 4.845%, Down From September's 5.033%, Hours Before the…US 5-Year Note Auction: $70 Billion Sells at 4.845%, Down From September's 5.033%, Hours Before the FedTop Stories · 14 hours agoRBNZ Preview: Two Hikes to 2.75%. Will the Reserve Bank Raise the OCR Again on 28 October?RBNZ Preview: Two Hikes to 2.75%. Will the Reserve Bank Raise the OCR Again on 28 October?Top Stories · 2 days agoAustralian CPI Preview: August Hit 4.0%. What Wednesday's September and Quarterly Data Mean for the…Australian CPI Preview: August Hit 4.0%. What Wednesday's September and Quarterly Data Mean for the RBATop Stories · 2 days agoUS 2-Year Note Auction: $69 Billion Sells at 4.708% as Domestic Buyers Step In Before the FedUS 2-Year Note Auction: $69 Billion Sells at 4.708% as Domestic Buyers Step In Before the FedTop Stories · 2 days agoECB Preview: Two Hikes Are Done. Does the ECB Pause or Push On at 2.50% on 29 October?ECB Preview: Two Hikes Are Done. Does the ECB Pause or Push On at 2.50% on 29 October?Top Stories · 3 days agoRBA'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 · 3 days 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 · 3 days ago
Market analysis →GBP/USD Analysis Today: Pound Slips to 1.3328, Testing Support Before the FedGBP/USD Analysis Today: Pound Slips to 1.3328, Testing Support Before the FedUpdated todayEUR/USD Analysis Today: Reference Rate Falls to 1.1150, a New 2026 Low Before the Fed and ECBEUR/USD Analysis Today: Reference Rate Falls to 1.1150, a New 2026 Low Before the Fed and ECBUpdated todayGold Analysis Today: XAU/USD Spot Climbs to $4,044, Testing $4,050 Before the FedGold Analysis Today: XAU/USD Spot Climbs to $4,044, Testing $4,050 Before the FedUpdated todayUSD/JPY Analysis Today: Pair Rises to 157.82, Back at the 20-Day Average Before the FedUSD/JPY Analysis Today: Pair Rises to 157.82, Back at the 20-Day Average Before the FedUpdated todayAUD/USD Analysis Today: Aussie at 0.7032 as Australian Inflation Jumps to 4.3%AUD/USD Analysis Today: Aussie at 0.7032 as Australian Inflation Jumps to 4.3%Updated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 7 days agoAUD/USD Price Prediction ChartAUD/USD Price Prediction ChartPrice Prediction · 7 days agoSilver (XAG/USD) Price Forecast ChartSilver (XAG/USD) Price Forecast ChartPrice Prediction · 6 weeks 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 28 October 2026, ECB rates of 27 Oct, gold 04:18 UTC.

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