Risk warning: Forex and CFDs are high-risk leveraged products and most retail accounts lose money. Read the disclaimer

How We Rate Brokers

Every broker goes through the same process, in the same order, using public information you can verify yourself.

How we rate

Reviews you can check.

Every broker goes through the same process, in the same order, using public information you can verify yourself.

Licence first

We look up each entity on the regulator’s public register and on the broker’s own regulation page, and note which entities serve which regions.

Read the small print

We read fee pages, client agreements and risk warnings, and record what the provider says about protection, costs and restrictions. We cite our sources in every review.

One scoring method

Each broker gets a 0-10 sub-score on six weighted criteria. The overall rating is the weighted average, so every broker is judged the same way.

The six criteria and their weights

Regulation and client protection

35%

Which authorities license the broker, whether the entity most clients are placed with is regulated, and what fund protection, negative balance protection and compensation exist.

Costs and pricing transparency

20%

How clearly spreads, commissions, financing and account fees are published, and how competitive the published figures are.

Platforms and tools

15%

Breadth and quality of trading platforms: MetaTrader, cTrader, TradingView, proprietary apps, copy trading and APIs.

Market range

10%

Number and variety of tradable instruments as published.

Education and research

10%

Real learning material, analysis, calendars and demo accounts.

Payments and support

10%

Funding methods, published fees, withdrawal speed and support availability.

What our ratings are, and are not. They are BrokersPulse editorial opinion based on publicly available information as of September 2026. We have not tested these brokers with live-money accounts, and we do not claim to. BrokersPulse is free to use. We may earn a commission when you open an account through our links, and we disclose this in our disclaimer.

Before you deposit

Ten checks before you fund an account.

Run through this list for any broker, including the ones on this site. It takes ten minutes and can save you months of trouble.

  1. The licence number matches the entity name on the regulator’s own register.
  2. You know which legal entity will hold your account, and it is named in the client agreement.
  3. You have read what the agreement says about negative balance protection and compensation.
  4. You have checked spreads, commission, swaps and inactivity or conversion fees for the way you trade.
  5. You have tried the platform on a demo account.
  6. Deposit and withdrawal methods work in your name and your currency.
  7. Nobody who contacted you first is pushing you to deposit.
  8. Two-factor authentication is on and your password is unique.
  9. You will deposit a small amount first and test a withdrawal.
  10. You know the maximum you can afford to lose, and the risk per trade you will stick to.

General information for education only, not financial advice. Trading forex and CFDs carries a high risk of loss. Read the disclaimer.