Reviews of the best Forex brokers on the market.

recent forex broker reviews

Plus500

Plus500

Author
Users
  • Leverage
  • Support
  • Platforms
  • Funding

Your capital may be at risk. Plus500 is a CFD service only.

Plus500 is one of the most interesting brokers on the market of the FX and CFD services. Located in London, the financial heart of Europe, Plus500 is not only a company that serves traders, but is also a publicly traded company at London Stock Exchange. Founded in 2008 Plus500 has managed to grow substantially in the amount of the trading products, security and trading platform development. Plus500 is authorized and regulated by the Financial Conduct Authority. in United Kingdom and on top of security it provides the greatest trading experience via its own trading platform, which has been evolving over the last 5 years. In Australia Plus500 is regulated by ASiC.

  • WebTrader
  • Mobile Apps
  • 25€ No Deposit Bonus
  • US Traders

Full Plus500 Review

Plus500 Bonus

The most amazing feature about Plus500 is its sign bonus of 25 EUR. Yes, you got it right, it is a no deposit bonus, this means that once you open an account with Plus500 it will be preloaded with 25 EUR and you will be able to start trading live without any deposit. Find detailed information on how to get your 25 EUR now and preview the services of Plus500 right now in our full review.

Read full Plus500 review
City Index

City Index

Author
  • Leverage
  • Platforms
  • Funding
  • Support

City Index is one of the most reliable spread betting, FX and CFD service provider. Being founded over 30 years ago, City Index has been able to sustain a great level of growth and achieve an extensive improvement in its services over time. City Index is headquartered in London and is regulated by FCA; hence it is definitely a premier broker for UK clients. Although England is a key market for City Index, the brokerage also offers the services in Australia, China, EU and the US.
  • MetaTrader 4
  • Web Platform
  • Mobile Apps
  • Live Support
  • US Traders

City Index Review

City Index Trading Accounts

Your account selection with City Index depends on the trading instruments you prefer to trade. Should you choose Spread Betting (tax free trading) or CFDs, then you will need to apply for a Spread Betting / CFD Account. If you prefer pure Forex trading, then a FX Account is right for you.

City Index Trading Accounts

Apart from regular accounts, City Index offers some great benefits for VIP clients. Should you be looking for a royal treatment, City Index is here for you with its special swap rates, interest rates and dedicated support and analytics.

Leverage is another advantage of City Index, this broker provides leverage up to 1:400 on MT4 and up to 1:200 on other platforms. The variety of the trading instruments is another advantage of opening a trading account with City Index. With this broker you can trade all of the major indices, thousands of CFDs on shares from all over the world, 40 currency pairs, precious metals, various types of bonds, options, crude oil, cocoa, coffee, sugar, pork bellies, wheat, soybeans, orange juice and oats. Generally, whatever type of trader you are, you will be able to find a decent set of instruments with City Index. Sounds attractive enough? Open an account with City Index right now. Alternatively you can Preview City Index Services on a Demo Account by clicking here.

City Index Trading Platforms

Trading with City Index is quite efficient and flexible. Not only this brokerage offers a standard trading solution – MetaTrader 4, but it also provides its own handcrafted platform – Advantage Trader, which comes in both downloadable and web versions.

Advantage Web Platform

On top of this, City Index provides a full set of apps for mobile devices. No matter what operating system your smartphone or tablet has, you will be able to trade online with no issues whatsoever. City Index gives you access to iPhone, Android, Blackberry and Windows Mobile trading via smartphones and you can easily execute your trades if you have an Android or IOS tablet too.

As already mentioned, you can trade forex with City Index on a regular MetaTrader 4. For those of you who don’t know what MT4 is, it is the most widespread platform for trading foreign exchange online and with City Index it is better than elsewhere.

 metatrader4

While other brokers provide a simple MT4, this broker gives you a set of advanced features available at your terminal.

  • Customisable leverage: Select from 20:1 to 400:1 leverage per each forex pair
  • Price tolerance: Manage your trade execution levels during times of high market volatility
  • Margin Live widget: Get real-time margin information instantly

Besides that, City Index doesn’t make you choose which platform to use. When opening FX Account, you will be able to use any out of 10 available platforms. Traders that are looking for a decent WebTrading solution will especially appreciate such a feature.

City Index Platforms

City Index Trading Academy

Most of the brokers provide some limited educational resources, however City Index brings trading to a whole new level by establishing a Trading Academy.

City Index Traders Academy

Trading Academy is a place where simple people can become full time traders by being mentored by professionals. While the whole program has expired a few years ago, there are still video recordings available that would be useful for the traders of all level. Click here to learn more about the City Index Trading Academy.

Apart from Trading Academy, City Index offers great analytics on the most important financial instruments and it covers the most influential economic events. Visit City Index Markets News and Analysis to learn more about the current trading updates.

City Index Deposit and Withdrawal Methods

Fund management is quite comfortable with City Index. While you are only able to deposit funds via Master and Visa Cards, you are able to perform withdrawals and deposits to your Switch, Maestro, Solo and Laser Debit Cards.

Funding your account via a wire transfer is an option too.

Please be advised that withdrawing is only possible via the same method that was used for depositing. This is done to prevent frauds and money laundering.

Unfortunately at the moment e-wallet payments are not available with City Index, so if you are looking for a broker that accepts PayPal or Skrill, you would have to look up less reputable brokers.

City Index Support

Client support of this brokerage is quite good and can be reached via telephone, email or live chat. The support queues are quite short and the operators are knowledgeable, so you will definitely feel that you are treated in a good way.

The client support works 24h per day, from Monday till Friday.

City Index Review Conclusion

There are many brokers that let you trade Forex and CFDs online, however most of such companies have appeared only within last two decades. When opening an account with City Index, you can be sure that you are becoming a client of a company that has history of over 30 years. On top of the licenses and stability, City Index offer great technological solutions, so you can trade anywhere, anytime. The range of instruments is extensive and the support is primer, hence we truly recommend to open an account with City Index.

Read full City Index review
OctaFX

OctaFX

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  • Leverage
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  • Support

OctaFX is an outstanding newcomer to the brokerage industry from Saint Vincent and the Grenadines. This FX and CFD service provides only STP and true ECN accounts, which results in no conflict of interest and fully transparent business model. Unlike brokers that operate via market maker model, an account with OctaFX will provide you no requotes, spreads from 0.2 pips and a great speed of execution. As a result, OctaFX has been awarded as the Best ECN Broker in Asia 2014. On top of it, the customer service of OctaFX is truly superior and has been recognized with numerous awards for the Customer Service.
  • MetaTrader 4
  • Mobile Apps
  • Live Support
  • No Deposit Bonus
  • US Traders

OctaFX Review

OctaFX Bonuses

To preview its services OctaFX supplies a free 8 USD account with no required deposit. Simply click here, sign up for an account and get your instantly account funded with 8 USD.

Also, depositing a live account will result in a 50% deposit bonus, which has quite a favorable withdrawal conditions. Unlike most of the brokers that let you withdraw you bonus only in full, OctaFX’s bonuses can be taken out partially. To find out more, click here.

If you are into competitions, then OctaFX would definitely appeal to you by offer a demo contest.

Read full OctaFX review
HotForex

HotForex

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  • Leverage
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HotForex, a brand name of HF Markets Europe Ltd is a company headquartered in World’s Forex Homeland – Cyprus. Being a reputable broker with years of market experience, HotForex has obtained regulations from CySEC, BAFiN and FCA. As a broker with an outstanding performance, HotForex has been rewarded with over 10 wards in the last few years only. As a broker, HotForex provides access to foreign exchange, binary options, commodities and equity markets.
  • MetaTrader 4
  • Mobile Apps
  • Deposit Bonus
  • Live Support
  • US Traders

HotForex Review

HotForex Bonuses

If you are looking for a broker that provides not only great services but also great offers, HotForex is a right place for you, click here to view the bonus offerings now.

Read full HotForex review
Hirose Financial UK

Hirose Financial UK

Author
  • Leverage
  • Support
  • Platforms
  • Funding

Numerous people would be surprised to find out that around 30% of total retail Forex trading volume is generated in Japan. While most of us are aware of European and US brokers, Japanese brokers and their trading conditions have remained unclear and inaccessible, until now.

Recently a one of the most successful Japanese Forex brokers, Hirose Tusyo Inc, has stepped in the European market by acquiring an FCA licence in London and establishing a subsidiary company – Hirose Financial UK Ltd.

  • Best Spreads
  • LION Trader
  • Live Support
  • MetaTrader 4
  • US Traders

You are able to start trading on real account with as little as 3 GBP, 4 EUR or 5 USD.

Hirose UK Review

Hirose Financial UK Overview

Hirose Financial UK Ltd. is a wholly owned subsidiary of the well known Japanese forex broker Hirose Tusyo Inc. Although the UK company is rather young (established in 2010), the Japanese parent company, Hirose Tusyo, has been around for over 8 years. Thus, despite Hirose’s short presence in the European market, we can generally state that it is quite a trustworthy and reputable broker with outstanding trading conditions.

Read full Hirose Financial UK review
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