About 88 Forex Brokers
A research desk for retail traders, built in Asia-Pacific. We keep a record of 100 forex and CFD brokers, visit the offices they publish, and give traders somewhere to say what happened to them.
What the site is for
Choosing a broker is a research job, and most of the research is checking claims. A broker says it is regulated, so we look up the licence and the legal entity it belongs to. It says spreads start at zero, so we record the commission that comes with that. It says it has been in business since 2005, so we record the company number and the year it was registered. The site is where those checks are written down, one record per broker, so anyone can read them.
It is built for readers in Asia-Pacific first, where most of the brokers people can actually open an account with are licensed somewhere else. That makes the licence question the important one, and it is the first thing on every profile.
What we keep a record of
Each of the 100 brokers has a profile covering its regulation and legal entities, safety of funds, trading conditions, account types, fees, platforms, markets, deposits and withdrawals, and the company behind the brand. Alongside the profiles there are rankings that print the rule they are ordered by, a comparison tool, regulator pages for every authority on the database, and a news feed that refreshes twice a day.
Two things set the site apart. The field-survey team visits the office addresses that brokers publish and reports what it found there, with photographs. And the community lets traders post reviews, complaints and questions under their own name, each read by a person before it is published, with the broker invited to respond.
How a broker is scored
Every broker carries one editorial score out of ten. It is the average of eight category scores, each out of a hundred: regulation, trading costs, platforms and tools, markets and products, accounts and accessibility, deposits and withdrawals, support and education, and transparency and history. The figures come from the broker's own published material and from regulators' public registers, and each record carries the date it was last checked. The scoring methodology page explains what each category weighs.
How it is paid for
Some brokers pay a commission when a reader opens an account through a link on this site, and brokers can pay for labelled placements. That is how the site is funded. The commercial disclosure page sets out what that does and does not affect.
When we get something wrong
Broker terms change constantly and we will not always have the latest. If a record is wrong, use the correction form and tell us the page, the field and the right value. Corrections are checked against the source and applied with a note in the record's change history.