The trading industry has allowed many people to start earning some extra money. Even though there are high risks, choosing the right broker and strategy can help reduce the risk and gain profits. According to one report, the daily forex trading volume reached $966.7 billion earlier this year. This figure was 26.4% higher than the daily forex trading volume 12 months ago.
At Traders Union, we understand how tough it can be to choose a broker. This is why our team constantly strives to investigate the large number of forex brokers that are available, with the goal of helping you find the ones that are superior to others. In this post, we share our selection of the best forex brokers you can choose today.
Top Forex Brokers Reviews
Traders Union has looked at many forex brokers in the past, and we provided reviews of the best options out there. When reviewing forex brokers, we always ensure all of the most vital factors are taken into consideration. This allows us to bring you accurate data and a comprehensive view of brokers - making the comparison between multiple brokers easier.
For 2025, these are our top picks when it comes to forex trading in particular:
We share a quick overview of each forex broker in this list - with a few essential benefits to help you understand which broker could be the ideal choice for your trading needs and preferences.
XM is currently one of the top choices when it comes to forex trading. The parent company, known as Trading Point Holding, was established in the year 2009. There are three authorities that regulate XM.
These include:
International Financial Services Commission of Belize
Australian Securities and Investments Commission
The Cyprus Securities and Exchange Commission
The platform is beginner-friendly. There are many educational resources that users can take advantage of. Stock CFD fees are also low. Opening an account with XM is quick and easy. The $5 minimum deposit allows you to get an inside look of the XM trading platform without risking a lot of money. The platform offers support for 11 base currencies. Some of the withdrawal options are free.
Top 10 Honest XM Group Reviews and Comments From Clients
Managing commercial risk across various business sectors means my investment capital must be highly liquid and efficiently managed. XM handles high-volume transactions on stock derivatives without the common operational delays found elsewhere. The corporate pricing model is transparent, with competitive holding costs that fit neatly into an annual portfolio budget. Executing short positions on major global equity derivatives during earnings season has been clean, providing an effective hedge against broader market downturns.
Fast order execution is non-negotiable for my trading strategy, and XM manages to deliver on this front quite reliably. Having spent four years refining my entry and exit rules, I appreciate that requotes are virtually non-existent here, even during high-impact economic releases. The ultra-low spreads on major pairs keep trading costs highly manageable, directly impacting the bottom line over hundreds of trades. The extensive catalog of available CFDs, ranging from precious metals to energies, provides excellent secondary options when forex markets are consolidating.
What I like about XM is that it doesn’t try too hard to be flashy. Everything is straightforward and easy to access, which makes the experience feel less stressful. Transactions are processed quickly, and the platform has been stable whenever I’ve used it. Support replies fairly fast too. So far, it’s been pretty solid.
Fast turnaround times matter. XM handles crypto withdrawals exceptionally well, pushing funds back to my external wallet on the exact same day the request is made. The execution speeds are sharp, and their Ultra-Low account type keeps standard spreads below one pip on majors without tacking on extra commission fees per lot. Сrypto withdrawals are restricted strictly over the weekend, so any request submitted late on Friday won't clear until Monday morning. Aside from that weekend pause, the low overall trading friction and zero withdrawal fees keep my capital highly liquid.
Evaluating a broker after four years in the markets usually comes down to infrastructure capability. XM handles high-volume trading well, mostly due to its deep liquidity pools that reflect in competitive spreads and minimal slippage. The massive variety of tradeable assets—spanning dozens of global indices, individual shares, and fiat currencies—means there is always a viable setup somewhere in the world. Having all these instruments centralized under one roof simplifies my daily routine significantly.
The XM Copy Trading platform has been a good tool for my strategy. What I appreciate most is how transparently the system lays out the fee structure and the risk score for each provider. It has allowed me to allocate a small portion of my savings to automatically mimic seasoned traders, creating a hands-free approach toward my passive income goals while keeping my layout stress-free.
My only real criticism is that the minimal investment amount required to copy certain top-performing managers can be a bit high for a beginner with limited capital. Despite that small financial hurdle, the overall simplicity of the platform gives me a lot of confidence as I slowly build up my investment knowledge.
Managing freelance income means I prefer moving my capital via crypto to avoid heavy banking delays. Sending USDT to my XM.com account is processed within minutes, which lets me capture market moves almost immediately. The spreads on major pairs like EUR/USD are incredibly tight, keeping my overhead low since I trade frequently. There are no hidden deposit commissions, meaning exactly what I send lands in my equity balance. The only downside is that the conversion rate applied when transferring crypto into the account's USD base currency can occasionally be slightly less competitive than market spot rates. Even with that minor conversion spread, the lightning-fast processing speeds make it a highly efficient setup for my workflow.
Getting started with investing six months ago was incredibly overwhelming because the financial terms felt like an entirely different language. My goal has always been to build a steady stream of passive income, but I kept getting stuck on basic concepts like leverage or margin calls. XM's customer support team has been incredibly helpful in bridging that gap for me. Every time I get confused, I jump on their live chat, and the agents explain things in plain English without making me feel foolish. The platform interface itself is clean and doesn't complicate things, which keeps my stress levels low. The only frustrating part is that during major market events, the chat wait time can stretch to about fifteen minutes. Even with that slight delay, having a patient support team to guide a beginner makes a massive difference.
What I liked about XM right away was how quickly I got used to it. I didn’t have to spend forever learning where things were. The platform runs smoothly, and everything feels organized in a way that makes sense. Support also replied pretty fast when I had a question. Pretty decent overall.
Navigating through different market regimes over the last four years has taught me the importance of a highly diversified portfolio. XM.com stands out primarily because of the sheer breadth of instruments available on a single platform. Being able to seamlessly transition from major currency pairs to equity indices and commodities allows for efficient capital allocation without needing multiple accounts. The execution speed remains consistently sharp across all these asset classes, which is crucial when trading volatile instruments. My only real critique is that the web trader platform's interface feels somewhat dated compared to modern desktop applications, although its stability under heavy traffic partially compensates for the lack of visual polish.
AvaTrade is often recommended for people who are very new to the forex trading market. The platform gives the user access to a full educational portal, where you can learn more about trading strategies and other basics. In addition to forex trading options, AvaTrade also gives the user access to cryptocurrency.
The company gives the user the ability to choose between a variety of trading platforms. This includes a mobile application, as well as desktop software and a web-based system. The market commentary is updated on a daily basis, which gives the user tips on upcoming trends. Forex news is also provided from top-tier sources. In addition to providing its own trading platform, AvaTrade also offers support for MetaTrader 5.
Top 10 Honest AvaTrade Reviews and Comments From Clients
I learned about AvaTrade from a broker rating, where the company received a high score for safety and regulation. This was important to me, as I didn’t plan to withdraw funds frequently. I opened a standard account and deposited $800. I used the broker for about six months, trading currencies and gold via MT4. The platform worked stably, and I occasionally used the mobile app. The overall result was close to breakeven, with balance fluctuations not exceeding $20.
I learned about AvaTrade while looking for a broker offering Islamic accounts with no swap fees. The review mentioned that this option is available upon request. I opened a standard account with the swap-free feature and deposited $200. I used the broker’s services for about two months, trading currency pairs and holding positions for several days. The absence of swap fees was convenient, but the market was mostly sideways. As a result, my balance decreased by about $10.
I learned about AvaTrade from a trader friend who has been using MT5 for a long time and values stable order execution. I was interested in the leverage of up to 1:400, though I used it moderately. I opened an account and deposited $1,000. I used the broker for about five months, trading currency pairs and stock indices. I didn’t open trades frequently and avoided aggressive strategies. Over the entire period, I managed to earn around $70, which I consider a calm and realistic result.
I started with AvaTrade when I was looking for a broker that offered cryptocurrency trading in CFD format without the need to register on a separate exchange. I learned about the company from a review mentioning over 250 available instruments. I opened a standard account and deposited $500. I used the platform for about three months, trading BTC and ETH, and occasionally opening forex trades. Volatility in cryptocurrencies was high, and after a series of sharp moves, the result was negative — around minus $40 from the deposit.
I learned about AvaTrade while comparing brokers with international regulation and over ten years of experience. I found information in an analytical review that covered ASIC and CySEC licenses and conditions for retail traders. I opened a standard account and deposited $300 to test the platform without taking too much risk. I used the service for about four months, trading EUR/USD and GBP/USD on MT4. The EUR/USD spread averaged 0.6–0.9 pips, as stated in the terms. The result was almost break-even: the balance decreased by only a few dollars.
I opened an AvaTrade account because of the wide range of instruments, licenses, and the broker’s broad global presence. Over a year of trading, the average spread on currency pairs was from 0.8 pips, sometimes higher. I traded through WebTrader and mobile MT4 — both platforms are stable. It’s nice that support operates in 14 languages, although resolving disputes can sometimes take time. Over the year, I managed to double my deposit from $500 to $1,020 while trading moderate volumes.
For me, AvaTrade is primarily about reliability. I trade ETFs and cryptocurrencies on the platform. A major plus is that there are no restrictions on withdrawing earnings — withdrawals have always been processed within 2-3 days. My account is in EUR, and there’s a convenient converter within the personal dashboard. I rarely use the 1:400 leverage, usually opting for lower leverage to reduce risk. On average, my monthly turnover is around €8,000, with profits of 16–18%.
I trade stocks and commodities through AvaTrade, and it’s convenient that an Islamic account is available — this is important for me. Support responds quickly, although once I had to wait more than a day. The minimum deposit of $100 allowed me to start cautiously, and over three weeks I made a profit of $110 with no significant drawdowns.
AvaTrade offers a partnership program that I use — I referred two colleagues and received a commission. Accounts can be funded via both bank cards and e-wallets. I especially appreciate the convenience of trading through MetaTrader 5 and Mirror Trader — both platforms connect quickly, and Instant Execution speed is satisfactory. Over the past quarter, I executed 90 trades with an average profit of about 1.2% per trade.
I registered with AvaTrade to access CFDs and the NASDAQ index, and I was also attracted by the option to open an Islamic account (swap-free). The minimum lot is 0.01, which is standard. Overall, the broker’s functionality suits both beginners and experienced traders, though the website could be more modern. Over five months, my turnover was about $15,000, with a profit of just over $700.
When it comes to talking about social trading, eToro is often the very first name that comes to mind. This company was made popular by its unique take on forex trading. eToro is a complete social system that allows you to follow experts in the forex market - you can then initiate a copy trade strategy. This means you will copy the trades executed by these experts, which could increase your chances of profiting.
With eToro, the minimum account balance is $50. The company does charge fees for trades initiated, which range from 0.75% up to 2.9%. The platform currency offers support for several trading pairs, as well as 15 cryptocurrencies.
Top 10 Honest eToro Reviews and Comments From Clients
I decided to try eToro for day trading cryptocurrencies and stocks, especially BTC/USD and Apple. I deposited $500 and started trading BTC, where my profit in the first few weeks was about +$120, but later I experienced drawdowns due to poor entry timing. The platform allows the use of stop-loss and limit orders, which helps with risk management, but as I noticed, crypto spreads are higher than on traditional exchanges, and this sometimes eats into profits. The mobile app interface is convenient for tracking positions on the go, but I used a separate service for more detailed chart analysis. Support is available via tickets and chat, but responses are not immediate. Overall, it was a working experience, but without strong impressions.
I used eToro as a complement to my main broker to trade not only traditional stocks but also cryptocurrencies and thematic portfolios offered as Smart Portfolios. I deposited $800 and invested partly in technology funds and partly in cryptocurrencies. Over six months, my profit grew by about +$250, but during periods of market turbulence, I realized drawdowns, which reduced the total. The platform is stable, and orders are executed quickly, but I noticed that sometimes an asset may be unavailable due to insufficient liquidity, preventing immediate buying or selling. Withdrawals are processed with a small fixed fee, clearly stated on the terms page, though transfer times depend on the banking providers. Overall impression — functionally convenient, but without significant advantages over traditional brokers.
I joined eToro when I decided to try social investing. I started with a minimum deposit of around $200, selected several traders to copy, and gradually increased the share of copied trades. Over three months, my total profit was about +$100, but there were also drawdowns when the traders I copied opened positions betting on market declines. The platform’s Social Feed — a news and comment stream — helps track other investors’ activity, though I mostly used it as a source of ideas rather than a primary analysis tool. eToro offers access to thousands of stocks, ETFs, and many cryptocurrencies, which expands opportunities, but with active trading, commissions and spreads apply to every entry. Overall, my experience is neutral: the tool is useful but requires discipline and a clear understanding of market risks.
I opened an account on eToro to invest in ETFs and diversify my portfolio without having to pick individual stocks. I deposited around $600 and bought ETFs tracking the S&P 500 index and the tech sector. Over a few months, my profit was moderate, about +$180, reflecting overall market movement but not impressive as “quick income.” The platform is convenient since all assets are available in one window, and you can switch between stocks, ETFs, and cryptocurrencies. However, I noticed that spreads and fees can eat into profits, especially if entering and exiting positions frequently. I withdrew funds twice—with the standard $5 transaction fee, as stated on the site. The interface is clear, but for detailed analysis, I still used third-party tools.
I found eToro through a recommendation from a friend who actively uses the “CopyTrader” feature. I started with a deposit of around $300 and decided to try copying trades of experienced investors to understand how this mechanism works. After a month of observation, I copied several successful traders’ profiles, but the results were mixed: around +$70, but with several drawdowns when traders entered positions during high-volatility days. The copying functionality itself is straightforward — you choose an investor and automatically replicate their trades — but it’s important to understand the risks, as past performance does not guarantee future profits. Besides copying, I also tried trading currencies independently, focusing on the EUR/USD pair, with moderate returns. Overall, it was a decent learning experience, but it requires discipline and risk awareness.
I learned about eToro while looking for a platform where I could buy both cryptocurrencies and stocks in one place. I registered an account, tested a demo portfolio with $100,000 in virtual funds, and then deposited about $500 to start trading BTC and ETH, as well as fractional shares of Apple and Tesla. Crypto trading is really simplified, and the interface is quite intuitive, but I noticed that the commission on crypto trades — around 1% for buying/selling — is noticeable, especially for smaller assets. Overall, I was able to make a small profit of about +$150 over a couple of months of active trading, though there were also losing trades due to high volatility. I liked being able to see quotes immediately and switch between crypto and traditional assets, but for deeper analysis, I still used external charts and news.
I got to know eToro while looking for a platform with regulated withdrawals and wide geographical coverage. The platform serves over 140 countries and offers support in multiple languages. For beginners, it’s convenient that the minimum lot for copy trading is just $1, and investments in stocks can be made even with small amounts. Over six months of use, I tried different strategies: manual trading, copy trading, and portfolios. Returns were mixed: +7% with CopyTrader and about 5% from self-trading over four months. The withdrawal fee was not very pleasing, but the advantages outweigh the drawbacks.
I opened an account with eToro for diversification — my main interest was in cryptocurrencies and commodities. I funded the deposit by card, and the processing took less than an hour. I was pleased to see the availability of educational materials, though the platform is quite specific: there are no familiar MetaTraders, and it’s only convenient to use through a browser or the mobile app. For testing, I connected a popular CopyPortfolio — the return for the first month was 4.5%. Overall, this broker is suitable for those who aren’t chasing ultra-low spreads and prefer ready-made investment solutions.
eToro is one of the few brokers where it’s convenient to combine buying real stocks, cryptocurrencies, and investing through portfolios. I mainly use the platform for long-term investing, having purchased shares of Apple and Tesla, and also invested $500 in cryptocurrencies. Over the year, my portfolio grew by 16%, with most of the profit coming from stocks. I appreciated the account protection and the clear calculation of returns. There are no custody fees, but withdrawals require a fixed $5 fee.
I have been trading on eToro since last autumn, attracted by its approach to social trading. The opportunity to follow the top 100 traders and copy their trades online was a major draw. Over 6 months, I managed to achieve a 12% profit by copying the trades of two traders from Germany. Notable advantages include support in both English and Russian, as well as high liquidity on popular instruments. Among the drawbacks are support that is not always prompt and relatively high spreads.
FXCM is a long-standing forex broker that was founded in 1999. The company did decide to move away from the US Market a few years ago, and thus no longer offer account options for local citizens in the United States. For the international market, however, FXCM remain a good option. There are many educational resources that people can access, which also makes the platform an ideal choice for those who are new to the industry. FXCM is a top choice among people who use automated trading.
Top 10 Honest FXCM Reviews And Comments From Clients
As a beginner in trading, I found the broker quite suitable to start with. The platform is simple and clear, I had no problems with understanding the basic functions. Spreads are normal and trading conditions are acceptable. However, sometimes there is a lack of more detailed tutorials and support to get used to it faster. In general, the broker is not bad for the first experience, but for deeper immersion I would like a little more information and help.
FXCM provides a fairly robust online trading platform with a wide range of instruments including currency pairs, indices and commodities. The platform is intuitive and customer support is prompt, which makes trading comfortable. It is important to note that the company offers a lot of tutorials, which can be useful for beginners. However, it is worth keeping in mind that the trading commission may be higher than some other brokers, especially in less liquid markets. FXCM is a stable broker with good conditions, but perhaps not the best choice for those looking for minimal trading costs.
FXCM attracts attention with its reliable and reputable regulator. The presence of strict regulation is an important plus for traders, as it provides additional protection and trust in the broker. Such regulation ensures that the company adheres to high standards of safety and transparency in its operations.
However, it is worth noting that FXCM does not have cent accounts. This can be inconvenient for novice traders or those who prefer to work with small amounts. Cent accounts allow you to trade with minimal investments and lower risks, which is especially important for those who are just starting out in trading.
Overall, FXCM offers a high level of reliability and a reputable regulator, which is a significant plus. However, the lack of cent accounts may be a disadvantage for some traders looking for flexible conditions for working with small amounts.
rder execution is without delays even during active trading on important news releases. In short, I would describe FXCM as an ordinary broker, but honest in terms of trading)
I’m trading with FXCM for the second week. I invested $2,300 and today the income is $487, not as promised in percentage, but I think this is good for 2 weeks of trading.
The broker FXCM has its own rating among traders. Many people trade here. The company holds several regulatory licenses, indicating a serious approach to transparency and trust in the broker. I opened an account with FXCM five years ago. During this time, there hasn't been any serious reason to accuse the broker of unfair dealings. There are occasional issues, but they are not critical.
I've been working with the broker fxcm for over four years now. It hasn't always been smooth sailing. Over the past two years, the company has changed its policy regarding swap rates. While previously, some assets had positive swap rates, now they are negative. Therefore, for medium-term trading, I had to adjust my trading system. However, the spread at fxcm remains very attractive.
I’ve been trading with FXCM for several years and there is no doubt that it is the right choice. At the very least, this broker is licensed. There is good client support, so there are no problems with registration, correspondence, etc. Regarding the trading itself, I have a couple of comments, but they are not so significant.
fxcm's service is good. You quickly open a user account, quickly pass verification, and create an account. I like the large number of valuable assets that you can work with. Trading here is comfortable and you can make money with a good strategy. fxcm has good analytics. News is constantly broadcast to the platform, you can study various economic reviews.
If we compare trading with FXCM to other brokers, the conditions here may be less favorable. The spreads are small, but the company charges a commission for orders in both directions, and the commission is quite significant. There are instances when the broker runs promotions and reduces the commission. The FXCM trading terminal works well, although, of course, there can be issues during the release of important news, but these problems can be tolerated.
The MarketsX web-based system introduced by Markets.com is one factor that attracts many users. This platform is organized and very easy to use, making it an attractive option for people who haven’t traded before. Markets.com was founded over two decades ago. Apart from being a good choice for beginners, the company also caters to the more experienced forex trader. There are two tier-one authorities that regulate Markets.com. Apart from the 57 forex pairs, users also gain access to 2179 CFDs and a range of cryptocurrencies.
Top 10 Honest Markets.com Reviews and Comments From Clients
It's been 5 months since I opened a trading account with markets.com. I traded here and everything suited me. Three weeks ago I had a problem with logging in, so I contacted the support team. They promised to help me, but the problem is still not fixed. Moreover, now they completely ignore me and do not respond. Draw your own conclusions.
I traded with Markets.com a few years ago. They did not withdraw money, $ 1500. The kitchen is still the same! Proceedings did not lead to anything, the entire regulation was written for their convenience and benefit. He is always right, and even if he is wrong, then yf is still in flight.
I disagree about Markets.com, this is a specific scam, once I could not close a deal for half an hour, I almost lost my deposit. After this incident, he withdrew all the money and transferred it to another company.
Reliable broker with favorable trading conditions. The downside for me when opening an account was the high requirements for the minimum deposit. I agree that even 250 dollars is not enough for a full-fledged trade, but before depositing large amounts, you need to check all the nuances of working with the company. For this, the demo is not enough, you need a cent account or no requirements for the starting balance. But I opened an account on the numerous recommendations of acquaintances, so I was not afraid to invest a large amount. To the advantages of Markets.com in terms of trading conditions, I can add the presence of a welcome bonus of 20%, which can be cashed out with active trading. I completed the volume requirements in 2 weeks.
I can rank terminal at Markets.com with “A”. During 3 years of trading, the system didn’t freeze, and orders were always executed clearly. I tried to deposit $200 from the Master Card plastic, they deposited within an hour.
In my opinion, the best way to check if a broker is a good broker or not, you need to test its work yourself. And I did.
The conditions at Markets.com are good, the terminal used to freeze for a short time, but not so dusty and it did not affect trading. There are no problems with the withdrawal, as you get your money in a few minutes during the business day. So you can trade.
Based on my experience, I can say that I’ve traded with different brokerage companies. But I stopped with Markets.com, as it is the fastest way to withdraw money. Some of my friends also trade here and have the same opinion about the broker. Otherwise, there are small flaws, but really small ones, so you can trade!
I have more positives than negatives to say regarding Markets.com. I opened a no deposit account and was able to make money, but after that, I lost 60%. Of course, I don't blame anyone, except for the unpredictable market. You have to be ready for ups and downs there. Now everything is alright. I withdrew money immediately, with no problems from Markets.com. In general, everything suits me and I plan to learn more about different strategies and master the Forex market.
I have never had to deal with making money this way before. But my boyfriend works with Markets.com and suggested that I try it too. Now we trade together. Initially, of course, I reacted with caution to this whole venture, but after the first time I withdrew the profit I earned, all my fears disappeared. At first, things did not go very well. But Markets.com turned out to be a decent brokerage. Compared with other brokers, orders are executed to the maximum. Customer Support is very fast and thorough. This broker is very beneficial and I advise everyone to sign up.
Swissquote Bank SA Expert Review
Swissquote is considered to be more geared toward those people who are already experienced. With this particular forex broker, you are required to make a larger initial deposit. Swissquote does offer support for both MetaTrader 4 and MetaTrader 5, which adds diversity to the platform selection. There are several zero commission trading opportunities available on the Swissquote platform too.
Top 10 Honest Swissquote Bank Reviews and Comments From Clients
Swissquote Bank is primarily geared toward professional traders — the minimum deposit of $10,000 already indicates a high entry threshold. I’ve been using the platform since late 2023, mainly for trading currencies and CFDs on stock indices. The platform offers three terminals: MT4, MT5, and its proprietary Advanced Trader. On the plus side, there’s a wide selection of base currencies — over 15 options, including CAD, TRY, PLN, and NOK. However, the spread starting from 1.1 pips is higher than that of competitors at the same level. Bonus offers are also lacking — I haven’t seen any promotions or loyalty programs.
A year ago, when I was a novice trader, I carefully studied the market and looked for a reliable broker to avoid possible fraudulent schemes. After a long search and analysis of many reviews and forums, I decided to choose Swissquote. It turned out to be the right choice. I did not regret my decision, as Swissquote turned out to be a reliable and professional company. I recommend this broker.
I have received positive experience for two years of trading with Swissquote. Their reliability, execution speed, and lack of requotes make trading convenient and enjoyable. The only thing I would like to improve is to expand the range of tools for technical analysis, including those designed for trading on stock markets. Overall, I recommend Swissquote to Forex traders.
Swissquote did not pass my own check. I made a deposit, traded a little, and saw serious issues. I have a lot of experience and problems with opening orders and the operation of the platform are obvious to me. Technical support is very weak.
Although Swissquote is considered good, I cannot write a positive review about it. The spread here is not 1.5 points, as stated on the website. The average spread for major currency pairs at Swissquote is 4-5 points without widening. During the night or during strong market movements, the spread can reach 15-20 points. My trading strategy cannot withstand such a spread.
Swissquote practices blocking traders who trade successfully and actively. Although the company does not prohibit active trading, it appears that there are still restrictions. At first, I was blocked from accessing my user account for a week precisely because of active trading. Then Swissquote introduced a limit on the number of trades per day - no more than two. It’s kind of nonsense, these restrictions are strange! There is no point in trading with the broker that does not allow you to open more than two trades per day.
It seems to me that the company Swissquote is not Swiss. Because they opened an account for me in some branch located in Estonia. When I asked if the license of the Swissquote bank applies to the Estonian branch, they answered affirmatively. However, I found information on the bank's website stating that the Swiss license only applies to the company's activities in Switzerland. It looks very much like deception.
I had to leave Swissquote. Serious problems began here, due to which I received large losses. The most noticeable problem was with non-market quotes, which occurred more than once. Perhaps this was a failure of the Swissquote platform, but I do not exclude some kind of manipulation on the part of the company. Regardless of the reason, I can't stay in this situation.
Swissquote has long ceased to function properly. Now, their entire focus is on trading education courses. They don't offer anything on the stock market anymore. Oh yes, I forgot, they suggest investing in their crypto, trying to gather investors. In short, Swissquote is complete nonsense and not of interest to me.
The spreads on the swissquote bank platform were much higher than stated. Despite promises of spreads from 1.7 points, in reality they started from 5 points and even more. This significantly exceeded my expectations and created additional costs when trading. Also, inaccurate quotes were another problem. swissquote bank support ignored my tickets and I had to close my account with this broker.
Tickmill offers super fast account opening, along with low fees when trading with forex. No fees are charged when making a deposit or requesting a withdrawal. The minimum deposit with Tickmill is $100, with support for four base currencies. A demo account is available, which gives you an opportunity to try the platform before making an investment.
Top 10 Honest Tickmill Reviews and Comments From Clients
I opened an account with Tickmill through the Tickmill.com division, starting with a minimum deposit of $100. I'm trading on a Classic account, where spreads start from 1.8 pips — not a critical factor for my strategy. Order execution takes about 0.2 seconds, and the platform is stable. I use MetaTrader 4 and have no complaints about the terminal. I especially appreciate the access to analytics via Acuity Trading and the availability of Signal Centre — very convenient for working with news and key levels. A definite plus is the negative balance protection. On the downside, the selection of currency pairs is more limited compared to some competitors.
I trade independently and believe that Tickmill is honest. From time to time I attend webinars that provide quite good analytics, which are more aimed at novice traders. Once I had a problem with an order, but the broker decided in my favor and canceled the trade. Withdrawing money is fast, I use a bank card for this. I can recommend Tickmill.
Recently I received affiliate payments from tickmill. I am very glad, since it is a good percentage of my passive income. But I recommend Tickmill because it respects traders. The platform is quite functional, spreads are narrow, and fees on the ECN account are small. There are no problems with withdrawals; I have never been deceived.
I have been using the brokerage services of Tickmill for over two years. It's a serious broker with transparent conditions. I am currently trading on a classic account, but I plan to switch to the Pro account because Tickmill offers zero spreads on that account, which is very beneficial for active trading. I withdraw profits to my bank account, and the funds are received within three days.
Tickmill is an excellent broker. I recommend it to everyone who trades or starts trading. I started trading with Tickmill several years ago. I didn’t find any problems with the system connection of the platform. This broker withdraws money without any problems.
I would like to share my experience with Tickmill, which turned out to be a good choice. Positive aspects include high leverage, which can be useful for experienced traders. Accounts are open incredibly quickly within only 3 minutes. I liked that information on the Tickmill website is available in different languages, which makes it easy to interact with. All this made my work in the market easy and comfortable. I actively trade major currency pairs and spreads on them fully meet my requirements.
The trading experience with Tickmill is highly individual, and opinions may vary. I have been trading with them for four years, and I haven't encountered serious problems. They offer attractive conditions, and what I like the most is that they really fulfill their promises. I have tried trading on similar accounts with different brokers, but I like working with Tickmill because the conditions are more pleasant, and bonuses can be utilized. I have no sense of deception, and order execution is always better than with other brokers.
I am not worrying about my deposit with Tickmill. I have tested this company for three years. I started trading first on a demo account, then switched to a live one. Tickmill has not yet given me a reason to write a claim. There is no trading without problems, but I did not see any manipulation on the part of the broker. I recommend this broker as reliable!
Confirming that Tickmill is commendable. Trades are executed quickly, with real quotes, and there is no price chart manipulation. I'm used to trading exotic currency pairs, and here it works well. I've been trading with Tickmill for three years and don't plan to switch. Highly recommended as a reliable broker.
Tickmill successfully fulfills its obligations and stands out for its instant order execution. Withdrawal of funds occurs without violations. Although the choice of payment instruments may be limited, they work smoothly. Their informative webinars add to the positive impression - I was pleasantly surprised when they discussed the strategy of support and resistance levels. I recommend Tickmill.
IC Markets is a good option for people who prefers lower fees on their trading activities. The platform is limited to forex and CFDs only, but the company is trusted - as it is regulated by a tier-one authority. IC Markets was founded in 2007. There are 61 forex pairs to choose from when trading.
Top 10 Honest IC Markets Reviews and Comments From Clients
During my time with IC Markets Global, I appreciated the high liquidity and fast execution: orders were opened in 40 ms thanks to the Equinix NY4 server. With a $450 deposit, I traded currencies and gold, ending the month with +$26. The leverage and choice of account currency allow you to adapt your strategy to any goal. I haven’t had any problems with withdrawals.
Registration with IC Markets Global took about five minutes, and verification was standard — passport and proof of address. The minimum lot is 0.01, with a maximum of 200 orders on MT4/MT5 and 2,000 on cTrader. I worked with a $1,000 deposit and earned $75 in a month, trading indices and oil. The ability to use advisors allowed for some automation of routine tasks.
IC Markets Global offers useful tools such as spread monitoring, risk calculators, and market depth, which are helpful for active trading. With a $700 deposit, scalping EUR/USD, I earned around $33 in three weeks. The terminal includes quick notifications and an economic calendar. Switching between instruments is convenient, and finding the desired asset takes just a few seconds.
I was pleased with the option to trade via cTrader and TradingView: the charts are high quality and the analytical tools are very detailed. I opened a Raw Spread account and traded gold and stock indices. With a $900 deposit, my profit for the month was $84. Spreads on equities and commodities are lower than those of many competitors. All fees are known in advance, with no hidden charges.
IC Markets Global offers an unlimited demo account that can be used to test trading strategies. During testing, various instruments were reviewed, including currencies, indices, and metals. The virtual balance made it possible to assess commission costs and order execution speed. After switching to a live account with a $250 deposit, a result of +$19 was recorded over three weeks. Trade statistics are displayed in detail, and reports are generated and downloaded without difficulty.
The IC Markets Global mobile app allows trading from a phone. I worked with a $320 deposit, trading AUD/USD and oil, and over two weeks the result was +$18. Orders were executed without issues, and support responded to questions about the platform’s functionality.
I’ve traded with IC Markets on the Raw Spread setup and it’s been a clean experience for cost and execution. Spreads are usually tight during liquid sessions, and the pricing is easy to understand. Platform options are solid, so you can stick with what you already know. I’m process focused, so I like anything that stays straightforward and predictable.
The IC Markets Global platform supports scalping and trading advisors. I opened a Raw Spread account, with a $7 commission per lot and truly minimal spreads. With a $1,000 deposit, I earned $165 in a month trading currencies and metals. I used the free VPS — robots worked steadily, and I didn’t notice any critical drawdowns. Analytics and risk calculators are available for all instruments.
What impressed me about IC Markets Global is their protection system: there is negative balance protection, major liquidity providers, and regulation by ASIC, CySEC, and FSA. I traded with $600 on a Standard account, mainly using currency pairs and bonds, and earned $139 in a month. The loyalty program works reliably, with bonuses for referrals. I opened my account in dollars, but there’s a choice of eight currencies.
A major advantage of IC Markets Global is the ability to trade with leverage of up to 1:500, which allows flexible risk management and testing of different strategies. With a $250 account, I traded NASDAQ and silver CFDs, earning $51 in two weeks. Deposits and withdrawals are processed without broker fees, and all transactions were completed within 24 hours. Market execution is provided, with almost no slippage.
InstaForex is a highly regulated company, which adds to the overall trustworthiness of the forex broker. The company has very low trading fees. Both mobile and desktop platform options are available, giving you more choices when choosing how and where to trade. Education is provided on the platform, along with frequent news updates.
Top 10 Honest InstaForex Reviews and Comments From Clients
I've been using InstaForex for about 9 months, and my experience has been positive overall. Registration was simple, and verification was completed within a day. I deposit with USDT, and the funds usually arrive within a few minutes. Order execution has been reliable, and the lower spreads are a nice advantage. I've made several withdrawals, and all of them were processed within the expected timeframe. The only minor downside is that withdrawals take longer than deposits, but they've always arrived without any issues. Overall, it's been a dependable broker for my trading needs.
I was looking for a broker with good conditions for trading gold and forex, and InstaForex has been a solid choice. Opening and verifying my account was quick, and my USDT deposit was credited within minutes after the blockchain confirmations. I chose a low-spread account, and the execution has been fast and reliable. I also tested a withdrawal after a few days, and the funds arrived within 24 hours without any issues. Overall, I'm happy with the trading conditions, low spreads, and the bonuses they offer.
A friend who has been trading on MT5 for a long time told me about InstaForex. I decided to try a more modern platform and opened an Insta.Standard account on MT5. I deposited $500 and used it for about five months, trading currencies and indices. Order execution was stable, and I sometimes used leverage up to 1:500. The result was a profit of around $40, but with noticeable drawdowns during trading.
I registered with InstaForex when I was looking for a broker offering Islamic accounts without swaps. I learned about this option from a review. I opened the appropriate account and deposited $150. I used it for about two months, trading currency pairs and holding positions for several days. The absence of swaps was convenient, but the market was unstable. The result was a loss of about $10. The service met the stated conditions.
I learned about InstaForex from an analytical article that mentioned a wide range of instruments, including currencies, indices, metals, and cryptocurrencies. I opened an Insta.Eurica account and deposited $300. I used it for about three months, mainly trading gold and currency pairs. The spreads were wider, but there was no commission. In the end, my result was about break-even, as profits and losses almost completely offset each other. I find this account convenient for calm, commission-free trading.
I joined InstaForex when I was looking for a broker with copy trading options. I learned about the company from a review that mentioned the ForexCopy system. I opened a standard FSC account and deposited $200. I used it for about four months, copying several traders with varying returns. The first few weeks showed growth, but then some trades went into loss. Overall, my balance decreased by about $15 over the period. Copy trading works, but it requires caution and supervision.
I learned about InstaForex a few years ago on a trader forum while looking for a company with a low entry requirement and a wide choice of accounts. I was attracted by the minimum deposit of $1 under the FSC license. For testing, I opened an Insta.Standard account and deposited $50. I used the platform for about three months, trading mainly EUR/USD and GBP/USD currency pairs via MT4, with a minimum lot of 0.01. The spread on EUR/USD was around 0.2 points, which matched the stated conditions. The trading result was modest: some trades closed in profit, some in loss, and the balance fell to about $46. I consider the experience educational and neutral.
What attracted me to InstaForex was the ability to choose between different regulations — FSC and CySEC — depending on the client type. I’ve been trading on the platform for about four months, mainly using currency pairs and commodities. I started with a €200 deposit, and the profit over this period has been around 6%. On the downside, some bonus program features are not available to all client categories, and for certain instruments the minimum deposit is noticeably higher (up to €10,000 for some CySEC account types). Otherwise, InstaForex is quite satisfactory in terms of execution and withdrawal stability.
I chose InstaForex as one of the few brokers with a truly low entry threshold (1 USD for FSC) and access to a wide range of unconventional assets, including cryptocurrencies and synthetic ETFs. In the first month, I grew my deposit by 15%. What I liked most was the order execution speed — for the Forex market, it’s average, not worse than major European brokers. However, the conditions for scalping are not ideal: spreads can sometimes be higher than stated, especially during periods of high volatility.
I liked InstaForex because it allows you to open an account with a minimal deposit and use leverage of 1:1000 (for FSC). I worked with a ruble account; the platform is convenient, and the mobile app runs smoothly. Over six months of trading, I withdrew funds four times — no issues, everything on time. Among the features, there’s a fairly wide selection of currencies, stocks, and commodities. I used the bonuses once, but didn’t notice a significant impact on profitability.
With Libertex, you get access to a platform that has won more than 30 awards in the forex industry. The company offers the user access to multiple instruments. Apart from forex, you can also trade with cryptocurrencies, ETFs, indices, stocks, and more. Multiple deposit methods are available.
Top 10 Honest Libertex Reviews and Comments From Clients
When I first started trading on Forex, I already heard about Libertex as a reliable company. I decided to try and for 6 years of cooperation I was not disappointed. One of the main advantages is the author's platform, where the transaction parameters are calculated using a multiplier. In addition, instead of spreads, a fixed commission is set, which allows you to significantly reduce costs. The disadvantage of such a commission system is that you still have to pay interest on losing trades. I am not new to trading, but I constantly visit the training section, where experienced traders share the secrets of success. I want to try to work with cryptocurrency somehow, because the broker provides such an opportunity.
The speed of the Libertex platform is close to perfect. I regret that I did not start working with it from the beginning, I lost time. The only inconvenience is that there are no spreads here, and the commission is not always calculated clearly. Therefore, the projected income is often past the real one.
I had a bad experience with 2 dishonest brokers, so now Libertex seemed like a fairy tale to me! Conditions are excellent, execution is instant. I checked the withdrawal and it works. You can make money with this company, and even make good money.
Libertex consistently pays money, and that's a fact! For me, this is the main point in the question of whether it is worth further cooperating with the company. Therefore, I’ve been with Libertex for almost a year now. At the moment, I have no complaints about the company. Everything is calm and clear, and this is very important!
I've been trading with Libertex for six months. In general, trading here is quite comfortable. Conditions are the very thing I need. The trade execution quality is good. The withdrawal of the money earned is made within the time frame specified in the regulations. There is nothing to complain about!
I’ve been trading on the Libertex platform for 2 years. Its interface is convenient even when using a smartphone. It has over 45 indicators, fundamental and technical analysis tools. The broker offers many options for replenishment and withdrawal of money such as e-wallets, bank accounts, and cards. There are no problems or delays with withdrawal. Unfortunately, algorithmic trading cannot be conducted on Libertex as the platform's functionality is simply not designed for this.
I’ve been experienced to trade on the Libertex platform a couple of months ago. Hitherto, I traded with MT4, so the functionality of the broker’s auctorial terminal seemed crude to me. Today, most indicators and trading advisors are designed for MT4 and MT5, so Libertex users are not allowed to use useful ready-made tools. The commission of 0.03% spread familiar to a trader, is confusing. In general, the broker lefta questionable impression.
I’ve been trading with Libertex broker for a while. The platform is tooled for trading by fundamental analysis, but still technically inferior to the usual MetaTrader. The commission is high, lackingthe complete absence of a spread.I consider the "zero spread" characterization to be a potential client deception and a reason to look forward to a more worthy intermediary on Forex.
I decided to work with the Libertex broker because I found a lot of positive reviews about its platform and favorable terms online. I opened an account in a couple of minutes, replenished the deposit for only $10, and began to master the terminal. Its functionality is significantly different from MT4, but anyway you can get used to it. As far as I’m concerned, the main disadvantage of Libertex is the injunction on the use of advisors. Also, the broker does not have leverage and an unusual multiplier is provided instead of it.
I work with Libertex and with several other brokers at the same time. I used to trade with Libertex, but then I decided to test their auctorial platform. Certainly, primarily its menu and settings were a little incomprehensible to me, but after a week of trading, I finally got used to it. I trade only currency pairs with Libertex in order not to pay the spread. Sure, the broker still charges a commission, but its size is still less than that of other brokers.
Diversification is an investment strategy that involves spreading investments across different asset classes, industries, and geographic regions to reduce overall risk.
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
A trading system is a set of rules and algorithms that a trader uses to make trading decisions. It can be based on fundamental analysis, technical analysis, or a combination of both.
Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
