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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
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Next rate decisions

  • RBACash rate 4.85%
  • Federal ReserveFed funds 3.75–4.00%
  • SNBPolicy rate 0%
  • Bank of EnglandBank Rate 4%
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US Consumer Prices Rise 0.4% in October as Core Inflation Holds at 0.3% for a Third MonthTop StoriesUS Consumer Prices Rise 0.4% in October as Core Inflation Holds at 0.3% for a Third MonthCheaper fuel cooled the headline from 0.6%, but food, shelter and services kept core firm. The 2-year Treasury yield jumped to 4.73%.
More storiesForex Week in Review: Australian Dollar Drops 2.2% Despite an RBA Hike as Gold Gains 5%China Inflation Data Due Monday: Factory Prices Up 5.0% Meet a Softer October PMI as AUD/USD Sits at a 60-Day LowUS Payrolls Jump 165,000 in October as Unemployment Dips to 4.1% and Pay Rises 0.4%Forex Week Ahead: US Inflation on Tuesday, UK Third-Quarter GDP on Thursday and US Producer Prices Friday
Daily news →Bank of Japan Opinions Show Members Want to Reach Neutral Soon, Keeping a December Hike on the TableBank of Japan Opinions Show Members Want to Reach Neutral Soon, Keeping a December Hike on the TableTop Stories · 9 hours agoGold Falls 1.6% to $4,046 After US Inflation Data Lifts Real Yields to a Three-Week HighGold Falls 1.6% to $4,046 After US Inflation Data Lifts Real Yields to a Three-Week HighTop Stories · 9 hours agoUS CPI Today: Pump Prices Eased in October After September's 0.6% Jump, So Core Inflation Will…US CPI Today: Pump Prices Eased in October After September's 0.6% Jump, So Core Inflation Will Steer the Fed and the DollarTop Stories · 1 day agoChina's Factory Prices Rise 5.7% in October as Consumer Inflation Slips to 0.7%: What the Split…China's Factory Prices Rise 5.7% in October as Consumer Inflation Slips to 0.7%: What the Split Means for AUD/USDTop Stories · 1 day agoChina Adds 830,000 Ounces of Gold in October as Its Reserves Reach 78.30 Million OuncesChina Adds 830,000 Ounces of Gold in October as Its Reserves Reach 78.30 Million OuncesTop Stories · 1 day agoASIC Moves to Keep Australia's CFD Leverage Limits Until 2031: Submissions Close 16 NovemberASIC Moves to Keep Australia's CFD Leverage Limits Until 2031: Submissions Close 16 NovemberTop Stories · 3 days agoCurrency Volatility Index: Brazil's Real Tops the Table After a 7.4% Weekly Drop, While the Lira…Currency Volatility Index: Brazil's Real Tops the Table After a 7.4% Weekly Drop, While the Lira Quietly Lost 15.8%Top Stories · 3 days agoSouth Africa's FSCA Issued 11 Enforcement Notices in October: Two Forex Licences Pulled and a Wave…South Africa's FSCA Issued 11 Enforcement Notices in October: Two Forex Licences Pulled and a Wave of Impersonation ScamsTop Stories · 3 days ago
Market analysis →GBP/USD Analysis Today: Pound at 1.3423 Above Its Averages, UK GDP NextGBP/USD Analysis Today: Pound at 1.3423 Above Its Averages, UK GDP NextUpdated todayEUR/USD Analysis Today: Reference Rate at 1.1214 Before US CPI Came In FirmEUR/USD Analysis Today: Reference Rate at 1.1214 Before US CPI Came In FirmUpdated todayGold Analysis Today: XAU/USD Falls to $4,046 After US CPI, Testing $4,045Gold Analysis Today: XAU/USD Falls to $4,046 After US CPI, Testing $4,045Updated todayUSD/JPY Analysis Today: Pair at 158.18 as BoJ Opinions Lean HawkishUSD/JPY Analysis Today: Pair at 158.18 as BoJ Opinions Lean HawkishUpdated todayAUD/USD Analysis Today: Aussie at 0.6903, Still Near Its 60-Day LowAUD/USD Analysis Today: Aussie at 0.6903, Still Near Its 60-Day LowUpdated todayUSD/CAD Analysis Today: Pair Climbs to 1.4136 Above Every AverageUSD/CAD Analysis Today: Pair Climbs to 1.4136 Above Every AverageUpdated todayUSD/CHF Analysis Today: Franc Pair at 0.8207, Still Under Its 20-Day AverageUSD/CHF Analysis Today: Franc Pair at 0.8207, Still Under Its 20-Day AverageUpdated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 3 weeks ago

Regulation, our data and industry news

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China Adds 830,000 Ounces of Gold in October as Its Reserves Reach 78.30 Million OuncesGoldChina Adds 830,000 Ounces of Gold in October as Its Reserves Reach 78.30 Million Ounces10 November 2026ASIC Moves to Keep Australia's CFD Leverage Limits Until 2031: Submissions Close 16 NovemberRegulationASIC Moves to Keep Australia's CFD Leverage Limits Until 2031: Submissions Close 16 November9 November 2026Currency Volatility Index: Brazil's Real Tops the Table After a 7.4% Weekly Drop, While the Lira…FX Recap dataCurrency Volatility Index: Brazil's Real Tops the Table After a 7.4% Weekly Drop, While the Lira Quietly Lost 15.8%9 November 2026
The Bretton Woods System Explained: How the World Fixed Its CurrenciesThe Bretton Woods System Explained: How the World Fixed Its CurrenciesDaily post · 11 Nov 2026John Rusnak and the $691 Million Allfirst Currency FraudJohn Rusnak and the $691 Million Allfirst Currency FraudDaily post · 11 Nov 2026The Plaza Accord of 1985: When Governments Pushed the Dollar DownThe Plaza Accord of 1985: When Governments Pushed the Dollar DownDaily post · 10 Nov 2026
EUR/PLN forecast chart to 2030EUR/PLN forecast 2026–20304.3843 today · 2030 middle 4.52USD/TRY forecast chart to 2030USD/TRY forecast 2026–203050.14 today · 2030 middle 98.40USD/BRL forecast chart to 2030USD/BRL forecast 2026–20305.5167 today · 2030 middle 7.46USD/MXN forecast chart to 2030USD/MXN forecast 2026–203018.6137 today · 2030 middle 20.17EUR/HUF forecast chart to 2030EUR/HUF forecast 2026–2030362.99 today · 2030 middle 391.92USD/INR forecast chart to 2030USD/INR forecast 2026–203093.94 today · 2030 middle 110.18
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Ranked by score

Forex brokers we've reviewed

2
XM23 guidesLicensed inCyprusUnited Arab EmiratesBelize
4.75
Regulation
CySEC, DFSA +2
Min. deposit
$5
Leverage
1:1000
Platforms
MT4, MT5, App
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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.

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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 11 November 2026, ECB rates of 10 Nov, gold 03:03 UTC 11 Nov.

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