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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
CalendarFull calendar →

Next rate decisions

  • RBNZOCR 2.75%
  • Bank of CanadaPolicy rate 2.25%
  • Federal ReserveFed funds 3.75–4.00%
  • ECBDeposit rate 2.50%
  • Bank of JapanPolicy rate 1.25%
  • RBACash rate 4.60%
  • Bank of EnglandBank Rate 3.75%
Trade the next rate move

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

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China's Economy Grew 4.5% in the Third Quarter as Exports Surged and Investment FellTop StoriesChina's Economy Grew 4.5% in the Third Quarter as Exports Surged and Investment FellGrowth picked up from 4.3% in the spring, but shoppers stayed cautious and investment kept shrinking, a split that matters for the Australian dollar.
More storiesDollar Ends the Week Lower as Yields Slide, Even With US Import Prices Up 8.1%US Producer Prices Jump 1.3%, the Biggest Rise Since 2022, Yet Yields FallUS Retail Sales Rise 0.8% in September, but Gas Stations Do the Heavy LiftingUK Economy Grows 0.1% in August as Services Stall and Factories Pick Up
Daily news →Lagarde Says the Energy Shock Is Too Large to Look Through, but Keeps a Measured ToneLagarde Says the Energy Shock Is Too Large to Look Through, but Keeps a Measured ToneTop Stories · 18 hours agoCanada's September Inflation Is Due Today: What the Bank of Canada Will Look ForCanada's September Inflation Is Due Today: What the Bank of Canada Will Look ForTop Stories · 18 hours agoIMF Closes Bangkok Meetings With an Inflation Warning: Central Banks Told to Stay FirmIMF Closes Bangkok Meetings With an Inflation Warning: Central Banks Told to Stay FirmTop Stories · 2 days agoHedge Funds Added Euro and Yen Shorts Before US Inflation Data, CFTC Figures ShowHedge Funds Added Euro and Yen Shorts Before US Inflation Data, CFTC Figures ShowTop Stories · 2 days agoWeek Ahead: UK Inflation and Jobs, China GDP and Canada CPI Before Rate WeekWeek Ahead: UK Inflation and Jobs, China GDP and Canada CPI Before Rate WeekTop Stories · 3 days ago
Market analysis →GBP/USD Analysis Today: Pound Holds Above 1.3310 After Friday's BreakoutGBP/USD Analysis Today: Pound Holds Above 1.3310 After Friday's BreakoutUpdated todayEUR/USD Analysis Today: Euro Near 1.1227 After Friday's Push Stalls Below 1.1280EUR/USD Analysis Today: Euro Near 1.1227 After Friday's Push Stalls Below 1.1280Updated todayGold Analysis Today: XAU/USD Near $4,180 as Price Stalls Under the 20-Day AverageGold Analysis Today: XAU/USD Near $4,180 as Price Stalls Under the 20-Day AverageUpdated todayUSD/JPY Analysis Today: Pair Holds 158 in a Tight Range Before Japan CPI and the FedUSD/JPY Analysis Today: Pair Holds 158 in a Tight Range Before Japan CPI and the FedUpdated todaySilver (XAG/USD) Price Forecast ChartSilver (XAG/USD) Price Forecast ChartPrice Prediction · 5 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 19 October 2026, 03:15 UTC.

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