AdFeatured brokerIC Markets
Ask usGot a forex question?
Ask our teamFind my broker

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 →

Country
Market sessions Market hours →
  • Sydney 
  • Tokyo 
  • London 
  • New York 
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

  • RBACash rate 4.85%
  • Federal ReserveFed funds 3.75–4.00%
  • SNBPolicy rate 0%
  • Bank of EnglandBank Rate 4%
Trade the next rate move

Ad · Affiliate link to Exness. CFDs are high risk: 74–89% of retail accounts lose money.

Today

On the market desk

All news →
Bank of England Raises Bank Rate to 4% by 8 Votes to 1 as Energy Costs Push Inflation HigherTop StoriesBank of England Raises Bank Rate to 4% by 8 Votes to 1 as Energy Costs Push Inflation HigherThe first UK rate rise in this energy shock came with a warning that CPI could reach about 5% by mid-2027. One member wanted a half-point move.
More storiesRBA Preview: What the September Minutes Say About a Fifth Rate Rise on TuesdayBank of England Preview: Three Voted for a Rise in September and Four More Said One Could ComeForex Week Ahead: RBA and Bank of England Decide, Then Euro Inflation and US Jobs FollowEuro Area Growth Slows to 0.4% in the Third Quarter as France Shrinks and Italy Stalls
Daily news →US Jobs Report Today: After 29,000 in September, What October Payrolls Mean for the DollarUS Jobs Report Today: After 29,000 in September, What October Payrolls Mean for the DollarTop Stories · 1 hour agoUS Productivity Jumps 3.6% in Q3 as Unit Labor Costs Fall and the Labor Share Hits a Record LowUS Productivity Jumps 3.6% in Q3 as Unit Labor Costs Fall and the Labor Share Hits a Record LowTop Stories · 1 hour agoBank of England Decides Today With Sterling Back at $1.35: What a Rise or a Hold MeansBank of England Decides Today With Sterling Back at $1.35: What a Rise or a Hold MeansTop Stories · 1 day agoEuro Area Inflation Rises to 4.0% in October as Energy Prices Climb 20.8%Euro Area Inflation Rises to 4.0% in October as Energy Prices Climb 20.8%Top Stories · 1 day agoUS Treasury Keeps Auction Sizes Steady in a $125 Billion Refunding as 10-Year Yields Ease to 4.90%US Treasury Keeps Auction Sizes Steady in a $125 Billion Refunding as 10-Year Yields Ease to 4.90%Top Stories · 1 day agoRBA Raises the Cash Rate to 4.85% in a 6-3 Vote and Pushes Its Inflation Forecasts HigherRBA Raises the Cash Rate to 4.85% in a 6-3 Vote and Pushes Its Inflation Forecasts HigherTop Stories · 2 days agoGold Climbs Back Above $4,000 as the Dollar Slips After the US Midterm VoteGold Climbs Back Above $4,000 as the Dollar Slips After the US Midterm VoteTop Stories · 2 days agoNew Zealand Unemployment Rises to 5.7% as Hours Fall and Wage Growth Stays Near 2%New Zealand Unemployment Rises to 5.7% as Hours Fall and Wage Growth Stays Near 2%Top Stories · 2 days ago
Market analysis →GBP/USD Analysis Today: Pound Eases to 1.3459 After the Bank of England Hikes to 4%GBP/USD Analysis Today: Pound Eases to 1.3459 After the Bank of England Hikes to 4%Updated todayEUR/USD Analysis Today: Reference Rate Slips to 1.1224 Before the US Jobs ReportEUR/USD Analysis Today: Reference Rate Slips to 1.1224 Before the US Jobs ReportUpdated todayGold Analysis Today: XAU/USD Spot Drops to $4,045 Before the US Jobs ReportGold Analysis Today: XAU/USD Spot Drops to $4,045 Before the US Jobs ReportUpdated todayUSD/JPY Analysis Today: Pair Rises to 158.46, 14 Pips Under the 158.60 HighUSD/JPY Analysis Today: Pair Rises to 158.46, 14 Pips Under the 158.60 HighUpdated todayAUD/USD Analysis Today: Aussie Slips to 0.7001, on the 20-Day AverageAUD/USD Analysis Today: Aussie Slips to 0.7001, on the 20-Day AverageUpdated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 2 weeks agoAUD/USD Price Prediction ChartAUD/USD Price Prediction ChartPrice Prediction · 2 weeks agoSilver (XAG/USD) Price Forecast ChartSilver (XAG/USD) Price Forecast ChartPrice Prediction · 8 weeks ago
70setup
Free tool · Chart Pre-FlightCheck your own chart before you trade

Pick a pair or upload a screenshot: bullish, range and bearish case, plus a check of your stop and target.

Open Chart Pre-Flight →Also free: Position size · Pip value · Risk/reward · Margin
Ranked by score

Forex brokers we've reviewed

See all 14 brokers →Visit buttons are affiliate links. How we earn

Find your way

Start where you trade

Brokers by country

Rules in 52 countries →

By trading style

All categories →

Compare two brokers

All 64 comparisons →
Is forex legal where you live?Regulator, leverage cap and rules for 52 countries and the EU.Bonuses, with the termsWhat each offer gives and what you can withdraw.Scam broker checkA 10-step check to run before you deposit.
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.

Full methodology →
Free, no sign-up

Trading tools

All tools →
Prop tradingAll guides →
Free data, every figure sourced

Forex data and research

All 10 data pages →

Indexes, reports and trackers with free CSVs, charts and videos. Free to use with credit. Journalists: press room →

On YouTube

Broker reviews you can watch

SubscribeAll 15 videos →

Forex, made clear: meet FX Recap2:30 · what we publish and who we are

FREE EDITION · 2026 LIQUIDITY SWEEP BOS FVG ORDER BLOCK THE FX RECAP Forex Book From your first pip to Smart Money Concepts 34 chapters · 172 illustrated diagrams By the FX Recap editorial team Free PDF
Learn forex free

A 24-lesson course and a 34-chapter illustrated book

From your first pip to Smart Money Concepts, fundamentals and risk, with 172 diagrams drawn for the book. No sign-up, no paywall.

Start the courseDownload the book

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 6 November 2026, ECB rates of 5 Nov, gold 03:58 UTC.

Have a forex question?Send it to the team. We answer the most useful ones, checked against official sources.Ask FX Recap →
The team

Five named people sign off every review

About FX Recap →

The daily forex recap, before the open

The moves, the levels and the broker news worth knowing. One email each weekday morning.

By subscribing you agree to our Terms and Privacy Policy. 18+ only. CFDs carry a high risk of losing money. Risk disclosure

Cookie settings

Choose which cookies FX Recap may use. You can change this any time from the Cookie Settings link in the footer. See our cookie policy for the full list.

Strictly necessaryDelivers the site securely and remembers this cookie choice.
Always on