Broker Reviews
Every broker we have funded, traded with and withdrawn from — scored on the same six criteria.
XM Review: Is It a Trustworthy Broker?
We tested XM over four weeks: 50 live trades, two withdrawals and five licence checks. Fees, swap-free terms, execution and the UK access gap, rated 8.3/10.
Evest Review: Is It a Trustworthy Broker?
We opened a live Evest account, funded $500, placed 50 trades and tested a withdrawal. Honest findings on its VFSC licence, spreads, fees and payout times.
AvaTrade Review: Is It a Trustworthy Broker?
We tested AvaTrade on a funded account: 660ms average execution, 0.9-pip fixed spreads, a two-day withdrawal and seven licences verified on the registers.
eToro Review: Is It a Trustworthy Broker?
We tested eToro on a funded account: 50 orders, live withdrawals, every licence re-checked. Strong regulation, but spreads trail the specialists on every pair.
FXTM Review: Is It a Trustworthy Broker?
We tested FXTM live: near-zero Advantage spreads and clean withdrawals, but the FCA licence is being surrendered. Our re-verified rating, costs and risks.
Plus500 Review: Is It a Trustworthy Broker?
Our tested Plus500 review: five tier-one licences and LSE listing, but 1.1-pip EUR/USD spreads, no MetaTrader and a 3-month inactivity fee. Scored 7.2/10.
Pepperstone Review: Is It a Trustworthy Broker?
We opened a live Pepperstone account and measured spreads, fills and withdrawals. Razor pricing and 30ms execution impress; the swap-free fee does not.
HFM Review: Is It a Trustworthy Broker?
We tested HFM with a live $500 account: 50 trades, a four-hour withdrawal and seven licence checks. Fees, swap-free terms and entity routing, rated 7.9/10.
FBS Review: Is It a Trustworthy Broker?
We opened live FBS accounts and tested spreads, execution and withdrawals. Our Skrill payout cleared in three hours, but most clients are onboarded offshore.
Capital.com Review: Is It a Trustworthy Broker?
We opened a live Capital.com account and tested spreads, execution and withdrawals. Its tier-1 licences do cover retail clients, but everything traded is a CFD.
FxPro Review: Is It a Trustworthy Broker?
Our tested FxPro review: FCA and CySEC licences, four platforms and 12ms fills, but the widest standard spreads of four brokers we measured. Scored 7.6/10.
IG Review: Is It a Safe and Trustworthy Broker?
Our tested IG review: eight tier-one licences, FTSE 100 listing and sub-0.014s fills, but mid-table spreads and no swap-free account. We score it 8.7/10.
Interactive Brokers Review: Costs, Licences and Execution Tested
We funded a live Interactive Brokers account: 0.2 pip EUR/USD, sub-40ms fills, $500k SIPC cover. Five 2025 FINRA settlements and no swap-free account.
OANDA Review: Licences, Costs and Execution Tested
We tested OANDA over 14 business days: 12ms median fills and no requotes in 50 orders, set against three US regulator fines. Our verdict: 7.7 out of 10.
CMC Markets Review: Is It a Trustworthy Broker?
We opened a live CMC Markets account and tested spreads, execution and withdrawals. Four tier-1 licences and a superb platform, but no swap-free account.
FOREX.com Review: Is It Safe and Worth the Cost?
Our tested FOREX.com review: seven tier-one licences and a NASDAQ-listed parent, but standard spreads widest of four brokers we measured. Scored 7.9/10.
Swissquote Review: Swiss Bank Licences, Fees and Execution Tested
We funded a live Swissquote account: 1.3 pip EUR/USD, 9ms fills, 5-day withdrawals. A real Swiss bank — but the UK entity is not, and the cover differs.
Admirals Review: Is It Still a Tier-1 Broker?
We tested Admirals: 42 of 50 orders filled at the requested price and a withdrawal cleared in two days. But its licence footprint has been steadily shrinking.
FXCM Review: Is It Safe and Trustworthy?
Our tested FXCM review: four active licences and top-tier algo tools, but the widest spreads we measured and a 2017 US fraud ban. We score it 6.9 out of 10.
ThinkMarkets Review: Is It a Trustworthy Broker?
We opened a live ThinkMarkets account and tested spreads, fills and withdrawals. Ten licences and a strong platform, but the $30 inactivity fee bites hard.
Equiti Review: Is It a Safe and Trustworthy Broker?
We opened a live Equiti account and tested spreads, execution and withdrawals. Seven licences — but the FCA and CySEC arms serve professional clients only.
HYCM Review: Is It a Trustworthy Broker?
Our tested HYCM review: FCA and DFSA licences verified, but the CySEC licence was surrendered and EU clients were dropped. Now scored 7.0/10 after re-checks.
Amana Capital Review: Licences, Costs and Withdrawals Tested
We funded a live Amana Capital account: FCA, DFSA and CySEC licences, 1.4 pip Classic spreads, and a bank withdrawal that cleared in five business days.
IronFX Review: Tier-1 Licences, High Withdrawal Costs
We funded a live IronFX account with $500, placed 40 trades and tested a withdrawal. FCA and CySEC licences are real, but the fees and entity routing are not.
LiteFinance Review: Low Entry Cost, Offshore Protection Gap
We opened a live LiteFinance account: 2.0-pip Classic spreads, a four-day card withdrawal, and an offshore entity outside any compensation scheme. Rated 5.1/10.
InstaForex Review: Tested Spreads, Licensing and Withdrawal Times
We opened a live InstaForex account, placed 40 trades and withdrew $150. Real CySEC licence, $1 minimum deposit, but spreads are the highest we measured.
Tickmill Review: Spreads, Execution and Withdrawals Tested
We funded a live Tickmill Raw account, placed 50 orders and ran two withdrawals. Verified FCA and CySEC licences, real spread data, and the gaps to know.
RoboForex Review: Wide Instrument Range, Offshore-Only Licensing
We funded a RoboForex account and tested it: 12,000+ instruments and same-day withdrawals, offset by Belize-only licensing and no UK, EU or AU access.
Markets.com Review: Regulation, Costs and Withdrawals Tested
We opened a funded Markets.com account and tested spreads, execution, withdrawals and support. FCA, CySEC and ASIC licensed; inactivity fee bites early.
NAGA Review: Social Trading, Spreads and Withdrawals Tested
We funded a live NAGA account and tested Autocopy, spreads, execution and a withdrawal. CySEC 204/13, 1.1 pip EUR/USD, and a $50 inactivity fee to watch.
Libertex Review: Zero-Spread Pricing Under a CySEC Licence
We funded a live Libertex account with $500 and tested spreads, execution, withdrawals and support. CySEC-licensed, zero-spread pricing, 300-plus instruments.
Axi Review: Five Licences, Tested Costs and Withdrawals
We tested Axi with a funded account: five regulated entities, Pro commission now $4.50 round turn, withdrawal cleared in three business days. Rated 8.1/10.
Eightcap Review: Raw Spreads, TradingView and Which Entity You Get
We opened a funded Eightcap account, placed 50 trades and withdrew cash. Raw spreads, TradingView execution, licence checks and the offshore entity catch.
BlackBull Markets Review: Costs, Platforms and Who Can Actually Open an Account
We tested BlackBull Markets — four platforms on one account, 0.76 pips all-in, a $5 withdrawal fee, and an offshore entity serving most non-NZ clients.
Deriv Review: Synthetic Indices, Costs and Fund Safety Tested
We tested Deriv over four weeks: synthetic indices explained, 0.6-pip EUR/USD spreads, a 29-hour withdrawal, and why Deriv’s default entity is unregulated.
Dukascopy Review: Swiss Bank Licence, ECN Costs and Withdrawals Tested
We funded a live account with Swiss bank Dukascopy, placed 60 trades and withdrew twice. FINMA licence, JForex4, ECN costs and the CHF 500 inactivity fee.
Global Prime Review: An ASIC-Licensed ECN Broker, Tested
We opened a funded account with Global Prime, placed 60 trades and withdrew via PayPal in two hours. Raw spreads, ASIC licensing and the real gaps, reviewed.
MultiBank Review: 17 Licences, ECN Costs and Withdrawals Tested
We funded a live MultiBank account with $1,000 and tested spreads, execution and withdrawals. 17 verifiable licences, low ECN costs, and real drawbacks.
Windsor Brokers Review: Spreads, Withdrawals and Platform Tested
We funded a live Windsor Brokers account and tested it: CySEC 030/04, spreads from 1.2 pips on EUR/USD, MT4 only, and a card withdrawal that took four days.
CFI Review: Is CFI a Safe and Trustworthy Broker?
We opened a live CFI account, funded $500 and placed 50+ trades. Five licences, 15,000+ instruments, a $100 inactivity fee and an outright scalping ban.
Binance Review: Fees, Withdrawals and Regulatory History Tested
We funded a live Binance account: 0.1% spot fees, a USDT withdrawal that cleared in five minutes, and the $4.3 billion settlement behind its licensing record.
Bybit Review: Fees, Licensing, Security and Withdrawals Tested
We funded a live Bybit account, placed 50 trades and tested three withdrawal routes. Maker/taker fees, VARA and SCA licensing and the 2025 breach assessed.
OKX Review: Fees, Licensing and Fund Safety Tested
We funded a real OKX account and tested spot trading, perpetuals, withdrawals and support. Fees, VARA and MiCA licensing, and the $504m US fine explained.
BitOasis Review: The UAE-Licensed Crypto Exchange, Tested With Real Money
We funded a BitOasis account with AED 2,000 and tested it. VARA-licensed Dubai crypto exchange with 0.5% Lite fees and 3-5 day AED withdrawals. Scored 5.8/10.
Coinbase Review: Heavily Regulated, Heavily Priced
We tested Coinbase with a real funded account. NASDAQ-listed and heavily regulated, but trading fees run 6 to 15 times rivals and support rates just 1.7/5.
HighMarkets Review: Offshore Licence and a TradingView Platform
HighMarkets is a Seychelles FSA broker (licence SD218) with TradingView charts, 1:200 leverage and swap-free accounts. Our tested review, scored 4.9/10.
Algobi Review: One Offshore Licence and 320+ CFDs
Algobi holds one Seychelles FSA licence (SD218) and offers 320+ CFDs, TradingView charting and swap-free accounts. Our tested review scores it 5.1 out of 10.