Licensed Broker Reviews

A licensed Forex broker or regulated bitcoin CFD broker, means that the broker has received a license from a government agency, to offer financial contracts. Each country has their own financial regulatory authority which licenses brokers, see list of regulators here.

Below you will find reviews of licensed brokers. There are many unlicensed brokers who try to give traders the impression that they are regulated when in fact they are not.

The reason European investors trade with a CySEC licensed broker, is that your funds are insured by the Cyprus Investors Compensation Fund. It is important when opening an account with a licensed broker, to double check that the brokers license is still active and valid.

Licensed brokers will always publish all the licenses they have.

United Kingdom brokers are regulated by the FCA (Financial Conduct Authority).

Australia has many Forex brokers that are licensed by the Australian financial regulator ASIC.

Americans need to make sure they are using a broker that is regulated by the CFTC or a member of FINRA. Using an offshore broker is almost a guarantee that you will get scammed.

Investors are constantly emailing us about problems withdrawing their money from a broker without a license. There is nothing we can do to help those traders. The only thing we can say is that traders should chose a licensed broker. You can see common complaints about unlicensed brokers, see here.

Best Forex Broker

Auto Trading Software / Robots

Many people are looking for an automated trading software to trade on their behalf, you should go look at the most popular trading robots.

24Option Review

24Option Reviews 24Option is a well established and popular CFD broker, that offers trading on many assets types including Forex and Crypto. Our review of the brokers 24Option shows, that they offer the clients what is called the Scipio Trading… Continue Reading

Alvexo Review

Alvexo is an established CySEC licensed Forex & CFD broker, that is owned by VPR Safe Financial Group Limited. Alvexo is located at: 1 Agias Fylaxeos Street, Limassol 3025 Cyprus. Their phone number in Cyprus is: +357 250 30937 and… Continue Reading

AvaTrade Review

AvaTrade is an international Forex broker, that is part of the Ava Group of companies. They are one of the oldest CFD brokers, founded in 2006, with offices located in: Canada, Japan, Australia, Ireland & British Virgin Islands. Their United… Continue Reading

BDSwiss Review

BDSwiss is an established Forex broker owned by BDSwiss Holding Plc. Located at: Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus. They can be reached by phone from German at: +49 30 2144 6991, and from United… Continue Reading

City Index Review

City Index by Gain Capital, is an international Spread Betting and Forex broker. Founded in 1983, they are a global brokerage firm, with local offices in many countries including; Australia, United Arab Emirates and Singapore. Their main address is at: Park… Continue Reading

CM Trading Review

CM Trading is a CFD Forex broker, owned by Global Capital Markets Trading South Africa Proprietary Limited. Located at: 14th floor, Sandton City Office Towers, Sandton, Johannesburg, South Africa. Their phone number in South African is: +27 10 500 8026 and… Continue Reading

easyMarkets Review

easyMarkets is an established Forex & Crypto broker founded in 2001. They are licensed and regulated by CySEC in Europe and ASIC in Australia. Official address is: P.O. Box 53742, Limassol 3317 Cyprus. Contact phone number in Australia is: +1300 303… Continue Reading

eToro Review

eToro is a well established online broker, that was originally founded in 2006. Officially owned and operated by eToro (UK) Ltd., with an address of: One Canada Square, 42nd floor, Canary Wharf, London E14 5AB United Kingdom. Contact phone number in United… Continue Reading

ETX Capital Review

ETX Capital is one of the oldest FCA Authorised & Regulated Forex brokers, owned and operated by Monecor (London) Limited. They were founded in 1965, and are located at: One Broadgate, EC2M 2Q​S, London, United Kingdom. Contact phone number is… Continue Reading

ForexTime (FXTM) Review

ForexTime (FXTM) is a popular Forex broker and Crypto Currency CFD trading company, that is owned by ForexTime Limited. They are officially located at: FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia 4156 Limassol, Cyprus. Their main phone number is +44 203… Continue Reading

Fortrade Review

Fortrade is a Forex broker that is licensed and authorised by FCA. Owned by Fortrade Limited, they are located at: Michelin House, 81 Fulham Road, London, SW3 6RD, United Kingdom. Their phone number is: +44 207 862 1761, and the contact… Continue Reading

FP Markets Review

FPMarkets is an ASIC licensed Forex broker, that has been operating since 2005. FP Markets is owned and operated by: First Prudential Markets Pty Ltd, and located at; Level 5, Exchange House 10 Bridge St Sydney NSW 2000 Australia. Contact phone… Continue Reading

FXGiants Review

FXGiants is an international Forex broker, that is part of the Notesco group of companies. Since their founding in 2016, they have become a popular MT4 broker in Europe, South America and Australia. Official address is: 12th Floor, Broadgate Tower, 20… Continue Reading

HYCM Broker Review

HYCM is an establish licensed and regulated Forex broker, owned by Henyep Capital Markets (UK) Limited. They are located at: 28 Throgmorton Street, 3rd Floor, London EC2N 2AN, United Kingdom. Their phone number is +44 208 816 7812, and contact email address… Continue Reading


ITRADER is a CySEC licensed Forex & CFD broker owned by Hoch Capital Ltd. iTrader is located at: Grosvernor Tower, Griva Digeni & Kolonakiou 125, Ground Floor, Linopetra 3107 Limassol. Contact phone numbers are: United Kingdom; +44 203 695 9401… Continue Reading

M1 Finance Review

M1 Finance is a SEC regulated Robo Advisor that has been around since 2015. They are owned by M1 Finance LLC, and officially located at: 213 West Institute Place Suite #301, Chicago, Illinois 60610. Contact phone number is (888) 714-6674. Customer… Continue Reading Review is a Forex broker owned and operated by Safecap Investments Limited. This Forex broker is located at: 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus. Their trading desk can be reached at: +357-2-203-0583. See here for local phone numbers. Their… Continue Reading

Orbex Review

Orbex is an established European Forex broker, that is licensed and regulated by CySEC since 2011. Owned by Orbex LTD, they are officially located at: Office 3501, 5th floor,Maximos Plaza Tower 3, Maximos Michaelidi Street, Limassol 3106, Cyprus. Contact phone number… Continue Reading

Pepperstone Review

Pepperstone is a very popular online broker that is licensed and regulated by ASIC Australia and the FCA in United Kingdom. They are officially owned by the Pepperstone Group Limited, which is located at: Level 5, 530 Collins Street, Melbourne VIC 3000… Continue Reading

Plus500 Review

Plus500 is an established online broker, that specializes in CFD trading. They have grown in the past 10 years to be one of the largest brokers in the world. As of January 1st 2019, they have over 101,000 active investors… Continue Reading

Q8 Trade Review

Q8 Trade is a licensed CFD broker that opened to investors in 2017. Q8 Trade is owned by the Q8 Securities Company, founded in 1985, and located at; Mubarak Al Kabeer St. Sharq 15301 , Boursa Kuwait 5th Floor, Kuwait City… Continue Reading

Titan Invest Review

Titan Invest is a new SEC Registered Investment Adviser that opened in 2018. They are owned by Whisker Technologies, Inc., and officially located at: 524 Broadway, 11th floor, New York, NY 10012. Contact phone number is (908) 500-0207. Customer support email… Continue Reading

TradeFred Review

TradeFred is a Forex broker powered by the BetFred group and operated by MagicPath Capital Ltd. TradeFred is a global broker licensed in Europe, Australia and Vanuatu. Contact phone numbers are; United Kingdom: +44 161 960 0929, Australia: +61 28… Continue Reading

UFX Review is an established Forex broker that is owned and operated by; Reliantco Investments Limited. They are located at; 139 Makarios Avenue, Zavos Business Center, 3rd Floor, 3021 Limassol, Cyprus. Their phone number in United Kingdom is: +44 208 150… Continue Reading

VantageFX Review

VantageFX is an ASIC licensed and regulated Forex broker, located in Australia. They are owned by Vantage Global Prime Pty Ltd located at Level 29, 31 Market Street, Sydney NSW 2000 Australia. Their phone numbers are: Australia toll free: 1300 945… Continue Reading

Vestle Reviews

Vestle is technically a new licensed CFD broker, that opened in July 2018. They are owned and operated by iCFD Limited which was formerly called iForex. Official address is: Corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building,… Continue Reading

XTrade Review

XTrade is an established CFD broker that is owned and operated by Xtrade Au Pty Ltd.. They are located at: Level 1 39-41 Chandos Street, St Leonards, NSW 2065, Australia. Their main phone number is: +357 25 030 742. Contact email… Continue Reading