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A Comprehensive Review of Forex Brokers and Their Services

FXDailyInfo is a trusted resource for Forex Brokers Review, Forex Broker Ratings and List of Forex Brokers. We provide honest and accurate information so you can make the best choice for your trading career. Our site is frequently updated with the latest news and information about forex brokers, so be sure to visit us often. Are you looking for a new broker? Check out our list of the best forex brokers and find one that meets your needs. Don't forget to check out our ratings and reviews before opening an account.

FXDailyInfo is here to help you make the best Forex broker choice. Our Forex Brokers Review Ratings and List of Forex brokers are up-to-date and reflect the latest changes in the industry. We also offer a variety of resources to help you get started trading, including our New Forex Brokers section which features the latest arrivals to the market. Make sure to check out our site frequently for updates!

FXDailyInfo has compiled a list of the best forex brokers for your convenience. The website provides forex broker reviews, ratings and lists of top 10 Forex brokers, as well as new Forex brokers. You can visit the site to read detailed information about each broker or simply go through the ratings to find the one that suits you best.

What is a Forex broker?

Forex means foreign exchanges, and there are companies available that provide trading services to traders, peoples called them broker. Forex brokers are similar to financial organizations or companies, that's are offering traders various trading services including trading platforms. A trader can't get access to the trading platforms directly, that's why traders need brokers to buy or sell currencies in the live forex market.

The Role of a Broker

The maximum forex trading transactions are between the top 10 currency pairs. The following currencies are the most powerful in the world Euro (EUR), U.S. dollar (USD), Japanese yen (JPY), New Zealand dollar (NZD), the Australian dollar (AUD), British pound sterling (GBP), Canadian dollar (CAD), Swiss franc (CHF). Peoples are also called them G10. The maximum number of brokers allow customers to trade in other currencies, including those G10 currencies. A reputable broker is very important for a long-term trading career. Because a broker can boost your trading by giving you high leverage and margin trading opportunities.

Types of Brokers

Basically, there are two types of brokers available in the trading world, these are 1), Dealing desk brokers, and the other one is No Dealing desk brokers. But investor analysis divided the No dealing desk brokers into 2 parts, STP and ECN+STP.

1)  Dealing desk brokers: Peoples have also known as Market Makers. These types of brokers are providing liquidity to traders and making money through spreads. DD brokers create a market for customers that means they often take the other side of their customer's trades.

2) No Dealing desk brokers: If you look at the name NDD, that means they do not pass customers’ orders through a dealing desk These types of brokers are working as a bridge, they build a structure between a trader and trading platform. NDD's brokers charge a few amounts of commission for trading or they can increase the spread slightly. As we said NDD’s are divided into two parts called STP and ECN+STP. Let’s take a simple idea about STP and ECN+STP brokers.

In order of STP's all of the orders are routed to the broker's liquidity providers and all prices are executing at the bid/ask rate which is provided by liquidity providers. In that case, big banks, hedge funds, and investors are working effectively as counterparties in each of the trades.


We found a few similarities between an STP and an ECN Forex broker, however, the primary difference between is routing. As referenced over, the STP can decide to manage different liquidity suppliers out of their liquidity pool, while the ECN goes about as a sort of center. The center acts as the liquidity source, as it is addressed by banks, mutual funds, and all the significant market players.

Features of a good broker

Before choosing a broker, a trader should know how they can identify the broker as good/bad in the market. Before joining with a broker please take a look at the following features of a broker.


Forex broker's regulations are one of the most important things while we are choosing a broker because if a broker isn't under regulatory supervision, they can easily fraud with customers and there is no way to make cases against them. Regulated brokers must follow all of the business standards to continue business in the market, that's why they can't fraud easily with their clients.


Leverage means to borrow funds from brokers. A trader can open a bigger position of trade than his/her total capital by using leverage. Although it's risky for traders, it is very effective in trading to make better profits.

Trading Platforms

Obviously, it's one of the most important things before you start your trading journey. A liquid trading terminal is the backbone of your trading career. Many brokers are building their own trading software but these are not trustable, you should choose, MT4/MT5, or other popular platforms. Before joining with a broker take a look at their supported software.

Deposit and withdrawal methods

The deposit and withdrawal method are important because you have to deposit and withdraw your monies from the broker house. You should choose the broker where you can deposit your funds and withdraw the funds easily.

Customer supports

Customer supports is required everywhere in our life. There are simple and complex technical problems everywhere, so you should try to check the customer support department of your broker before joining with them.

Broker Min. Deposit Max: Leverage Broker Type Min: Spreads Foundation Year Country Others
Giv Trade $100 Up to 1:1000* STP/ECN 0.0 Pips 2023 United Arab Emirates
GivTrade Saint Vincent and The Grenadines (SVG) under License Number 25387 BC 2019
BlackBull $$0 Up to 1:500* STP/ECN 0.0 Pips 2021 New Zealand
Regulated by the Financial Services Authority in Seychelles (FSA)
ETOMarkets $100 Up to 1:500* STP/ECN/NDD 0.0 Pips 2023 Seychelles
The Financial Services Authority (FSA), Licence Number SD062
Dizicx $100 Up to 1:1000* STP/ECN/NDD 0.0 Pips 2023 United Kingdom
Financial Services Commission (FSC), Licence Number: GB23201694
Oqtima $20 Up to 1:500* STP, ECN, MM, DMA 0.0 Pips 2023 Cyprus
CySEC (Cyprus), FSA (Seychelles)
QSQ Markets $100 Up to 1:500* STP/ECN 0.0 Pips 2023 Dominica
QSQ Markets LTD, a company registered In Commonwealth of Dominica with Registration Number 2023/C0024.
iexsregister $100 Up to 1:500* STP/ECN 0.0 Pips 2023 St. Vincent and the Grenadines
FCA, FinTrac, ASIC
GCG Markets $15 Up to 1:1000* STP/ECN 0.0 Pips 2018 Saint Vincent & the Grenadines
St Vincent and the Grenadines with company registration No. 26891 BC 2022
OtetMarkets $100 Up to 1:3000* STP/ECN 0.0 Pips 2023 Cyprus
Regulated by Comoros Union, license No. T2023304, registration No. HY00523012
24fxmarkets $1 Up to 1:500* STP/ECN 2023 United Kingdom
24fx Markets Limited, a company duly registered in London under the company No. C 42235.
Mingtak Finance $10 Up to 1:1000* STP/ECN 0.0 Pips 2023 Hong Kong
Hong Kong Gold and Silver Exchange and its license number is No.194,
fairmarkets $100 Up to 1:500* STP/ECN 0.0 Pips 2007 Ebene Republic of Mauritius
Regulated by the Mauritius Financial Services Commission (FSC
Didimax $100 Up to 1:400* STP/ECN/NDD 0.0 Pips 2020 Indonesia
Jakarta Futures Exchange - No: SPPKB-003 / BBJ / 09/00
Moneta Markets $50 Up to 1:500* STP/ECN 0.0 Pips* 2009 Cyprus
Finq $100 Up to 1:300* STP/ECN 0.0 Pips* 2022 Seychelles
Regulated by the Seychelles Financial Services Authority ("FSA") and incorporated in Seychelles with registration no. 8413415-1
IUX Markets $100 Up to 1:500* STP/ECN 0.0 Pips* 2016 Cyprus
Registered with the Financial Services Authority in Saint Vincent and the Grenadines under registered number 26183
JRFX $ Up to 1:1000* STP/ECN 2020 United Arab Emirates
Registered as a limited liability company under the laws of Saint Vincent and the Grenadines (601 LLC 2020)
FXFair $51 Up to 1:1000* STP/ECN 0.0 Pips* 2020 St. Vincent and the Grenadines
Registered in the Saint Vincent and the Grenadines. SVG IBC number: 21238 IBC 2013
Premium Zone $50 Up to 1:100* STP/ECN 0.0 Pips* 2023 Panama
Regulated by the Financial Services Authority of Saint Vincent and The Grenadines under number: 24814 BC 2018.
Scope Markets $100 Up to 1:300* STP/ECN 0.0 Pips* 2022 Cyprus
Regulated by the Cyprus Securities and Exchange Commission (Licence Number 339/17

An In-Depth Look at the Top Forex Brokers Reviews (FAQ)

What is the Forex brokers review?
Find out the best and worst forex brokers in our reviews. Compare their spreads, trading platform, bonuses and more. We also have a list of top regulated brokers that are safe to use.
What are the most important features of a Forex broker?
When it comes to forex brokers, there are many factors that you should consider. At the top of the list is a broker's reputation for honesty and integrity. A good broker will not engage in any deceptive practices or unfair business practices. Find out more about reputable brokers at https://en.fxdailyinfo.com/forex-brokers-review
What are the best trading platforms for Forex brokers?
Looking for the best Forex broker? Check out our comprehensive Forex brokers review and compare the most trusted online platforms.
How can I make money with Forex brokers?
Want to make money with forex brokers? Check out our comprehensive review of the best forex brokers in the market today. From commissions and spreads, to leverage and customer service, we've got you covered!
Which broker is good for forex?
The forex brokers list features a comparison chart with information about top rated forex trading firms. Compare, read reviews, and find the right broker for you!
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