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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

  • Bank of EnglandBank Rate 3.75%
  • RBACash rate 4.85%
  • Federal ReserveFed funds 3.75–4.00%
  • SNBPolicy rate 0%
  • Bank of England
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RBA Raises the Cash Rate to 4.85% in a 6-3 Vote and Pushes Its Inflation Forecasts HigherTop StoriesRBA Raises the Cash Rate to 4.85% in a 6-3 Vote and Pushes Its Inflation Forecasts HigherThree members wanted to wait, but the Board went ahead with a fifth rise this year and now sees inflation above 3% until late 2027. What it means for…
More storiesUS Economy Grew 3.4% in the Third Quarter as PCE Inflation Rose to 3.6% in SeptemberFed Holds Rates at 3.75% to 4.00% as Two Officials Vote for Another HikeBank of Canada Raises Its Rate to 2.5%, Its First Hike Since July 2023, as Oil Lifts InflationTreasury Curve Steepens After the Fed Hold: 2-Year Yield Dips to 4.67%, 10-Year Back Above 5%
Daily news →Gold 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 hour 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 hour 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 · 3 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 · 3 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 · 4 days agoEuro Area Growth Slows to 0.4% in the Third Quarter as France Shrinks and Italy StallsEuro Area Growth Slows to 0.4% in the Third Quarter as France Shrinks and Italy StallsTop Stories · 4 days agoECB Holds at 2.50% After Debating a Hike, and Lagarde Says She Will Step Down in FebruaryECB Holds at 2.50% After Debating a Hike, and Lagarde Says She Will Step Down in FebruaryTop Stories · 5 days agoBank 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 · 5 days ago
Market analysis →GBP/USD Analysis Today: Pound at 1.3411, Above Its 50 and 100-Day Averages Before the BoEGBP/USD Analysis Today: Pound at 1.3411, Above Its 50 and 100-Day Averages Before the BoEUpdated todayEUR/USD Analysis Today: Reference Rate at 1.1179 After a Two-Day Bounce Stalls Under 1.1220EUR/USD Analysis Today: Reference Rate at 1.1179 After a Two-Day Bounce Stalls Under 1.1220Updated todayGold Analysis Today: XAU/USD Spot Back Above $4,000 at $4,018 After the US Midterm VoteGold Analysis Today: XAU/USD Spot Back Above $4,000 at $4,018 After the US Midterm VoteUpdated todayUSD/JPY Analysis Today: Pair at 158.29, Through the 19 October High and Just Under 158.60USD/JPY Analysis Today: Pair at 158.29, Through the 19 October High and Just Under 158.60Updated todayAUD/USD Analysis Today: Aussie Slips to 0.6984 Despite the RBA's Hike to 4.85%AUD/USD Analysis Today: Aussie Slips to 0.6984 Despite the RBA's Hike to 4.85%Updated todayUSD/JPY Price Prediction ChartUSD/JPY Price Prediction ChartPrice Prediction · 13 days agoAUD/USD Price Prediction ChartAUD/USD Price Prediction ChartPrice Prediction · 13 days 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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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 4 November 2026, ECB rates of 3 Nov, gold 06:46 UTC.

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