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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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UK Economy Grows 0.7% in the Third Quarter as Services and Investment Pick UpTop StoriesUK Economy Grows 0.7% in the Third Quarter as Services and Investment Pick UpBritain's GDP rose 0.7% from July to September, up from 0.5%, led by business services, with September alone up 0.2% after a flat August.
More storiesASIC Moves to Keep Australia's CFD Leverage Limits Until 2031: Submissions Close 16 NovemberCurrency Volatility Index: Brazil's Real Tops the Table After a 7.4% Weekly Drop, While the Lira Quietly Lost 15.8%South Africa's FSCA Issued 11 Enforcement Notices in October: Two Forex Licences Pulled and a Wave of Impersonation ScamsForex Week in Review: Australian Dollar Drops 2.2% Despite an RBA Hike as Gold Gains 5%
Daily news →Dollar Rises Against All Six Major Currencies After US Inflation Data as EUR/USD Falls to Its…Dollar Rises Against All Six Major Currencies After US Inflation Data as EUR/USD Falls to Its Lowest Since May 2025Top Stories · 1 hour agoUS Producer Prices for October Are Due Friday After September's 1.3% Jump, the Biggest Since 2022US Producer Prices for October Are Due Friday After September's 1.3% Jump, the Biggest Since 2022Top Stories · 1 hour agoUS Consumer Prices Rise 0.4% in October as Core Inflation Holds at 0.3% for a Third MonthUS Consumer Prices Rise 0.4% in October as Core Inflation Holds at 0.3% for a Third MonthTop Stories · 1 day agoBank 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 · 1 day 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 · 1 day 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 · 2 days 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 · 2 days 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 · 2 days ago
Market analysis →GBP/USD Analysis Today: Pound Drops to 1.3307 Below Its AveragesGBP/USD Analysis Today: Pound Drops to 1.3307 Below Its AveragesUpdated todayEUR/USD Analysis Today: Reference Rate Falls to 1.1127, Lowest Since May 2025EUR/USD Analysis Today: Reference Rate Falls to 1.1127, Lowest Since May 2025Updated todayGold Analysis Today: XAU/USD Slips Below $4,000 to $3,979Gold Analysis Today: XAU/USD Slips Below $4,000 to $3,979Updated todayUSD/JPY Analysis Today: Pair Jumps to 159.23, Highest Since 2 SeptemberUSD/JPY Analysis Today: Pair Jumps to 159.23, Highest Since 2 SeptemberUpdated todayAUD/USD Analysis Today: Aussie Falls to 0.6859, Lowest Since JanuaryAUD/USD Analysis Today: Aussie Falls to 0.6859, Lowest Since JanuaryUpdated todayUSD/CAD Analysis Today: Pair Rises to 1.4235, Highest Since 13 OctoberUSD/CAD Analysis Today: Pair Rises to 1.4235, Highest Since 13 OctoberUpdated todayUSD/CHF Analysis Today: Pair Jumps 92 Pips to 0.8299 Above Its AveragesUSD/CHF Analysis Today: Pair Jumps 92 Pips to 0.8299 Above Its AveragesUpdated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 3 weeks ago

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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 1997 Asian Financial Crisis: How the Baht Started a Currency CollapseThe 1997 Asian Financial Crisis: How the Baht Started a Currency CollapseDaily post · 12 Nov 2026The Forex Rigging Scandal: "The Cartel" and Billions in FinesThe Forex Rigging Scandal: "The Cartel" and Billions in FinesDaily post · 12 Nov 2026The Bretton Woods System Explained: How the World Fixed Its CurrenciesThe Bretton Woods System Explained: How the World Fixed Its CurrenciesDaily post · 11 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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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 12 November 2026, ECB rates of 11 Nov, gold 06:22 UTC 12 Nov.

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