How we select the best brokers

We understand that it is important for you to have a trustworthy FX broker to deposit your money in and trade. New traders who can’t see the technical advantages of a broker are easily enticed by superficial offers, like bonuses, competitions and gifts, or they gravitate to the biggest forex brokers.

The forex industry is plagued with dishonest brokers and scammers who will make a midday snack out of an inexperienced FX trader. These corrupt brokers will usually have all the necessary fine print and disclaimers that they are supposed to have. But many people fail to see the fine print and may fall for such brokers.

Too many FX traders end up falling victim to these brokers, who use a professional-looking website and then take your money. That is why we recommend starting your search for a broker with our forex broker reviews.

Every broker we review and list on Forex Rank is reputable, regulated and trustworthy. We ensure they all have an excellent track record, clean regulatory history and positive reviews from clients. We carefully conduct due diligence when we search for the most trustworthy forex trading brokers. 

Some of the characteristics we assess while reviewing brokers include:

• Where their offices are located: If you can’t tell where an online forex broker’s actual office is, you must be careful with them. A good company will always provide a physical address to customers.
• What trading platforms they offer: With several different trading platforms available to trade forex, you should know what platform they offer and if it is reliable. Some of these are award-winning; others are developed by the broker and may not meet the same high standards as other platforms. The most popular platforms are MetaTrader 4 MetaTrader and cTrader. 
• Regulatory bodies: Offering forex trading services is a regulated activity in most countries. Therefore, brokers need to be authorised. There are many regulatory bodies, known as national competent authorities, and each authority governs in different ways. Many brokers in Europe are regulated by CySEC in Cyprus, whereas the CFTC and the National Futures Association regulate US forex brokers. These regulatory bodies make rules to protect traders. We ensure that the sites we list follow these rules. 
• Customer experience: You should be able to trade securely and safely online without worrying about the safety of your funds. You should be able to get support when you need it without waiting hours or days. The broker should also make it easy for you to deposit and withdraw funds. We only include the websites that are well-known for their excellent customer service satisfaction. 
• And much more: Other criteria we use to sift through the huge number of forex trading brokers online is the conditions that they place on you, the methods you can deposit funds for trading, the trade execution speeds, commissions and fees, and more 

Our forex reviews are up to date!

The Forex Rank team is constantly monitoring and updating reviews to ensure we’re constantly on top of the changes in the forex broker industry. We also rank the premium brokers with a score between 1 and 10, so you can quickly assess the differences. The rankings on our site are dynamic and change as services improve or degrade over time.