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If you want to succeed in trading international currency on the foreign exchange (ForEx) markets, you need to trade and review Forex Brokers Review. At Cryptoispy, we are determined to show you a list of best forex brokers and understand your investment style before proceeding with trading with a FX broker. Our team has assembled a brief guide to the best forex brokers for FX and CFDs trading. In each individual summary, we highlight the main features of the best FX broker and provide you with real reviews published by users.

What Is A Forex Broker And Where To Find The Best Forex Brokers?

If you are new to the world of forex trading, you should know that a broker is the first step to success. Basically, a forex broker works as an intermediary between you and the interbank system (the network of banks trading with each other). Typically, the best forex brokers work with affordable prices and have access to forex liquidity - providing you great deals for pricing. To get an account with a forex broker, you need to sort out through the list - including an overview of their features, identity verification, deposit and withdrawal limits and other essentials. The great thing about forex trading is the fact that most of the best forex brokers offer demo accounts for demo forex trading - requiring minimal information and virtual funds (instead of real ones) which you can trade and test. As soon as you do that, you will be more informed and prepared for trading with real money. Our site lets you choose from the best forex brokers and the best features in forex trading - offering you maximum leverage, great balances and spreads as well as a detailed learning curve on forex trading.

Quality Forex Brokers: Best FX Broker With Fees, Currency Pairs, Charting Tools & More

“How to compare between the best forex brokers and find the right one for me?” Our forex brokers reviews list takes into account a lot of ranking factors. We sort out all of the fees, spreads, trading platforms, charting and analysis options - or in short everything that makes a broker legit, real and preferred by users online. The best forex broker, according to us, is one that you choose based on individual preference. This may come down to the pairs you need to trade, the platform, trading using spot markets or per point or simple ease of use requirements. Below, we are listing of comparison factors as well as other elements which can be helpful to you. The top brokers are highlighted below and represent the best of the entire list of FX brokers out there. Now that you understand the world of forex, it is time to start trading! Check out the best forex broker reviews below and choose the one that is perfect for your needs! Happy trading!
AUTHOR RATEUSERS RATE (11)
FXCM

FXCM was founded in 1999 and it began as the pioneer for online forex offerings for retail traders. The company has its headquarters in London and later grew to have many international offices. However, the popularity slowly began to fade away as the broker could not keep up with the developments on the market

AUTHOR RATEUSERS RATE (7)
Capital.com

Capital.com offers CFDs trading of a few assets including commodities, indices, stocks, and cryptocurrencies. It provides several account types with different spreads and leverages up to 1:30. You can also trade here in micro lots. However, users are still not opting for this broker. Why do the traders consider this broker as a potential scam?

AUTHOR RATEUSERS RATE (7)
OctaFX

OctaFX was formed in 2011 and it was registered at first in Saint Vincent and the Grenadines. However, users found it weird that the main operations were run from Jakarta. It did get a lot of support from users in Asia but many believed that it was a scam since there weren’t too many information about this broker.

AUTHOR RATEUSERS RATE (5)
SmartHubFX

SmartHubFX is known as one of the offshore brokers operating in the Forex and crypto markets. The main problem with the company is the lack of reliability that it has along with the offshore registration – and the lack of clarity which makes it a potentially scam broker.

AUTHOR RATEUSERS RATE (7)
Oasis Trade

Oasis Trade is a non regulated and unlicensed Forex and cryptocurrency broker that first launched in November 2018. Owned by Oasis Tech Ltd., the company has an address at Suite 305, Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent and the Grenadines. 

AUTHOR RATEUSERS RATE (5)
NewbieFX

NewbieFX is a Bitcoin and Forex broker which advertises itself as a leading no margin call trade broker out there. However, many reasons lead us to believe that NewbieFX is a scam.

AUTHOR RATEUSERS RATE (6)
CrystalTradeX

CrystalTradeX is a potentially scam broker without much reviews or online recognition. The website takes long to load and is often inaccessible. Therefore, we have many reasons to believe that CrystalTradeX is a scam and is operated by scammers.

AUTHOR RATEUSERS RATE (5)
STSCrypto

STSCrypto is a cryptocurrency trading platform that is based in Kiev, Ukraine and a potential scam. Even though the company claims that they trade and exchange cryptocurrencies, a lot of users reported it as a scam and a fake trading platform.

AUTHOR RATEUSERS RATE (2)
CFsum

If you are asking yourself whether CFsum is scam or a reliable Forex and Bitcoin broker, you should know that this website is an unregulated Estonian forex and CFD broker which offers crypto CFDs on a web-based trading platform. Therefore, the broker does not actually have a license with an official financial regulator. This is […]

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