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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 England
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Bank of England Decides Today With Sterling Back at $1.35: What a Rise or a Hold MeansTop StoriesBank of England Decides Today With Sterling Back at $1.35: What a Rise or a Hold MeansFirms now expect 3.3% inflation a year ahead and GBP/USD sits at a 20-day high. How to read the 12:00 UK decision, the vote and the forecasts.
More storiesEuro Area Growth Slows to 0.4% in the Third Quarter as France Shrinks and Italy StallsECB Holds at 2.50% After Debating a Hike, and Lagarde Says She Will Step Down in FebruaryBank of Japan Holds at 1.25% in an 8-1 Vote as One Member Pushes for 1.5%US Economy Grew 3.4% in the Third Quarter as PCE Inflation Rose to 3.6% in September
Daily news →Euro 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 · 9 hours 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 · 9 hours 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 · 1 day 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 · 1 day 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 · 1 day agoRBA Preview: What the September Minutes Say About a Fifth Rate Rise on TuesdayRBA Preview: What the September Minutes Say About a Fifth Rate Rise on TuesdayTop Stories · 4 days agoBank of England Preview: Three Voted for a Rise in September and Four More Said One Could ComeBank of England Preview: Three Voted for a Rise in September and Four More Said One Could ComeTop Stories · 4 days agoForex Week Ahead: RBA and Bank of England Decide, Then Euro Inflation and US Jobs FollowForex Week Ahead: RBA and Bank of England Decide, Then Euro Inflation and US Jobs FollowTop Stories · 5 days ago
Market analysis →GBP/USD Analysis Today: Pound Reaches 1.3500 on Reference Rates Ahead of the BoE DecisionGBP/USD Analysis Today: Pound Reaches 1.3500 on Reference Rates Ahead of the BoE DecisionUpdated todayEUR/USD Analysis Today: Reference Rate Jumps to 1.1267 After Euro Inflation Hits 4.0%EUR/USD Analysis Today: Reference Rate Jumps to 1.1267 After Euro Inflation Hits 4.0%Updated todayGold Analysis Today: XAU/USD Spot Climbs to $4,138, the Highest in Our LogGold Analysis Today: XAU/USD Spot Climbs to $4,138, the Highest in Our LogUpdated todayUSD/JPY Analysis Today: Pair Holds 158.25 Under the 158.60 High as US Yields EaseUSD/JPY Analysis Today: Pair Holds 158.25 Under the 158.60 High as US Yields EaseUpdated todayAUD/USD Analysis Today: Aussie Recovers to 0.7015 as the Dollar WeakensAUD/USD Analysis Today: Aussie Recovers to 0.7015 as the Dollar WeakensUpdated 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 · 7 weeks ago
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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 5 November 2026, ECB rates of 4 Nov, gold 04:22 UTC.

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