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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 4.60%
  • Bank of EnglandBank Rate 3.75%
  • RBA
  • Federal ReserveFed funds 3.75–4.00%
  • SNBPolicy rate 0%
  • Bank of England
Trade the next rate move

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ECB Holds at 2.50% After Debating a Hike, and Lagarde Says She Will Step Down in FebruaryTop StoriesECB Holds at 2.50% After Debating a Hike, and Lagarde Says She Will Step Down in FebruaryOfficials agreed unanimously to wait for December's forecasts, but Lagarde said the direction of travel is clear unless the data changes.
More storiesRBNZ Preview: Two Hikes to 2.75%. Will the Reserve Bank Raise the OCR Again on 28 October?Australian CPI Preview: August Hit 4.0%. What Wednesday's September and Quarterly Data Mean for the RBAUS 2-Year Note Auction: $69 Billion Sells at 4.708% as Domestic Buyers Step In Before the FedECB Preview: Two Hikes Are Done. Does the ECB Pause or Push On at 2.50% on 29 October?
Daily news →Bank of Japan Holds at 1.25% in an 8-1 Vote as One Member Pushes for 1.5%Bank of Japan Holds at 1.25% in an 8-1 Vote as One Member Pushes for 1.5%Top Stories · 3 hours agoUS Economy Grew 3.4% in the Third Quarter as PCE Inflation Rose to 3.6% in SeptemberUS Economy Grew 3.4% in the Third Quarter as PCE Inflation Rose to 3.6% in SeptemberTop Stories · 3 hours agoFed Holds Rates at 3.75% to 4.00% as Two Officials Vote for Another HikeFed Holds Rates at 3.75% to 4.00% as Two Officials Vote for Another HikeTop Stories · 1 day agoBank of Canada Raises Its Rate to 2.5%, Its First Hike Since July 2023, as Oil Lifts InflationBank of Canada Raises Its Rate to 2.5%, Its First Hike Since July 2023, as Oil Lifts InflationTop Stories · 1 day agoTreasury Curve Steepens After the Fed Hold: 2-Year Yield Dips to 4.67%, 10-Year Back Above 5%Treasury Curve Steepens After the Fed Hold: 2-Year Yield Dips to 4.67%, 10-Year Back Above 5%Top Stories · 1 day agoRBNZ Holds the OCR at 2.75% in a 4-3 Vote, but Says Tighter Policy Is Likely to Be NeededRBNZ Holds the OCR at 2.75% in a 4-3 Vote, but Says Tighter Policy Is Likely to Be NeededTop Stories · 2 days agoAustralian 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 · 2 days 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 · 2 days ago
Market analysis →GBP/USD Analysis Today: Pound Bounces to 1.3317 Off the 20-Day Average After Five DipsGBP/USD Analysis Today: Pound Bounces to 1.3317 Off the 20-Day Average After Five DipsUpdated todayEUR/USD Analysis Today: Reference Rate at 1.1130, a Third Straight 2026 Low After the ECB HoldEUR/USD Analysis Today: Reference Rate at 1.1130, a Third Straight 2026 Low After the ECB HoldUpdated todayGold Analysis Today: XAU/USD Spot Slips to $3,995, Back Under $4,000 After Strong US DataGold Analysis Today: XAU/USD Spot Slips to $3,995, Back Under $4,000 After Strong US DataUpdated todayUSD/JPY Analysis Today: Pair at 158.06 as the Bank of Japan Holds at 1.25% in an 8-1 VoteUSD/JPY Analysis Today: Pair at 158.06 as the Bank of Japan Holds at 1.25% in an 8-1 VoteUpdated todayAUD/USD Analysis Today: Aussie Slips to 0.7026, Turned Back Again Under the 0.7034 CapAUD/USD Analysis Today: Aussie Slips to 0.7026, Turned Back Again Under the 0.7034 CapUpdated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 8 days agoAUD/USD Price Prediction ChartAUD/USD Price Prediction ChartPrice Prediction · 8 days agoSilver (XAG/USD) Price Forecast ChartSilver (XAG/USD) Price Forecast ChartPrice Prediction · 7 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 30 October 2026, ECB rates of 29 Oct, gold 03:18 UTC.

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