Broker reviews
Independent, regulation-checked reviews of forex and CFD brokers. We always link the official register so you can verify before you deposit. Trading is high-risk.
Est. 2008 · Exness Partners
Founded in 2008, Exness is an internationally regulated broker (CySEC, FCA, FSCA) offering MT4, MT5 and its own Exness Terminal. It automatically applies swap-free (Islamic) conditions for clients in many Islamic countries, including Indonesia and Malaysia — confirm the terms for the entity that serves you. It is not locally licensed in most Asian markets.
Platforms: MT4 · MT5 · Exness Terminal
Est. 2001 · Admirals Partners
Admirals (formerly Admiral Markets, founded 2001) is regulated by the FCA, CySEC and ASIC and offers MT4 and MT5 with swap-free (Islamic) account options. It holds internationally recognised licences but is not locally licensed in most Asian markets — confirm the entity that serves your country and verify Islamic account terms before depositing.
Platforms: MT4 · MT5
Est. 2006 · AvaTrade Partners
AvaTrade (founded 2006) is regulated by the Central Bank of Ireland and ASIC and offers MT4, MT5, its AvaTradeGO mobile app and a web trader. It provides Islamic (swap-free) accounts for eligible clients. It holds international licences but is not locally licensed in most Asian markets — confirm the entity and Islamic account conditions that apply to you before depositing.
Platforms: MT4 · MT5 · AvaTradeGO · WebTrader
Est. 2009 · FBS Partners
FBS (founded 2009) is regulated by CySEC and ASIC and offers MT4, MT5 and its FBS Trader app, with swap-free Islamic accounts available. It holds international licences but is not locally licensed in most Asian markets — verify the entity that serves your country on the relevant regulator's register first.
Platforms: MT4 · MT5 · FBS Trader
Est. 2009 · XM Partners
Operating since 2009, XM is regulated by CySEC and ASIC and runs on MetaTrader 4 and 5. It offers an Islamic (swap-free) account on request for eligible clients. Like its peers, XM holds international licences but is not locally licensed in most Asian markets — verify the entity that serves your country before depositing.
Platforms: MT4 · MT5
Est. 2011 · Octa Partners
Octa (founded 2011) is a CySEC-regulated broker offering MT4, MT5 and its in-house OctaTrader platform, with swap-free / Sharia-compliant accounts available. It holds an international licence but is not locally licensed in most Asian markets — confirm the entity and conditions that apply to you before depositing.
Platforms: MT4 · MT5 · OctaTrader
Est. 2007 · IC Markets Partners
IC Markets (founded 2007) is regulated by ASIC and CySEC and supports MT4, MT5 and cTrader. It is widely known among active and algorithmic traders. It holds international licences but is not locally licensed in most Asian markets — confirm the entity that serves your country before depositing.
Platforms: MT4 · MT5 · cTrader
Est. 2010 · Pepperstone Partners
Pepperstone (founded 2010) is regulated by ASIC, the FCA and CySEC and offers MT4, MT5, cTrader and TradingView. It holds several international licences but is not locally licensed in most Asian markets — verify the specific entity that serves your country on the regulator's register before depositing.
Platforms: MT4 · MT5 · cTrader · TradingView
Est. 2005 · FP Markets IB Program
FP Markets (founded 2005) is regulated by ASIC and CySEC and supports MT4, MT5, cTrader and IRESS. It is an Australian-headquartered broker with a long track record among ECN traders. It holds international licences but is not locally licensed in most Asian markets — verify the entity that serves your country before depositing.
Platforms: MT4 · MT5 · cTrader · IRESS
Est. 1996 · OANDA Partner Program
OANDA (founded 1996) is one of the longest-established forex brokers, regulated by the FCA, ASIC, MAS and CFTC across major jurisdictions including Singapore. It offers its own OANDA Trade platform, MT4 and TradingView. It is not locally licensed in most other Asian markets — confirm the entity and licensing status before depositing.
Platforms: OANDA Trade · MT4 · TradingView
Est. 1989 · CMC Markets Introducing Broker
CMC Markets (founded 1989) is one of the most established names in retail forex and CFDs, regulated by the FCA, ASIC and MAS. It operates its proprietary Next Generation platform alongside MT4. It holds licences in Singapore but is not locally licensed in most other Asian markets — verify your country's status before depositing.
Platforms: CMC Next Generation · MT4
Est. 1974 · IG Introducing Broker
IG Markets (founded 1974) is one of the world's oldest and largest spread betting and CFD providers, regulated by the FCA, ASIC and MAS. It offers its proprietary platform, MT4 and ProRealTime. Regulated in Singapore; not locally licensed in most other Asian markets — confirm the entity that serves your country before depositing.
Platforms: IG Platform · MT4 · ProRealTime
Est. 1992 · Saxo Introducing Broker
Saxo Bank (founded 1992) is a Danish-regulated investment bank and multi-asset broker, also licensed by MAS in Singapore and ASIC in Australia. It offers SaxoTraderGO and SaxoTraderPRO across forex, equities and derivatives. It operates across parts of Asia but is not locally licensed in most Asian retail markets — check the entity that serves you.
Platforms: SaxoTraderGO · SaxoTraderPRO
Est. 1978 · IBKR Introducing Broker
Interactive Brokers (founded 1978) is a US-headquartered, SEC-regulated broker with global reach including FCA and ASIC licences. It is primarily positioned at active and professional traders via its Trader Workstation platform. It is not locally licensed in most Asian retail markets — verify the entity and terms that apply to your country before opening an account.
Platforms: IBKR Trader Workstation · IBKR Mobile
Est. 2016 · Capital.com Partner Program
Capital.com (founded 2016) is regulated by the FCA, CySEC and ASIC and offers its proprietary AI-assisted platform alongside MT4. It is one of the newer entrants in the regulated broker space. It holds international licences but is not locally licensed in most Asian markets — verify the entity that serves your country before depositing.
Platforms: Capital.com Platform · MT4
We only review brokers we can verify on a real financial register — CySEC, the FCA, ASIC or the FSCA. Every regulatory claim is checked against the regulator's own database before publication. We never list a firm we cannot verify, and we never accept payment for a better review or rating.
Generally no. The brokers we review hold international licences (Europe, Australia, South Africa) but are not locally licensed in most Asian markets, where regulators such as Bappebti or Malaysia's SC do not license retail spot forex. That is why some appear on local alert lists — it means 'unlicensed locally', not 'scam'.
Several offer swap-free accounts, which matters most for Muslim traders in Indonesia and Malaysia. A genuine Islamic account zeroes overnight interest (riba) rather than charging a holding-time 'administration fee' that is riba in disguise. We flag the difference and tell you to confirm it on the account agreement, not the marketing page.
Because we have not yet completed a hands-on review of those figures. Rather than copy a number from a marketing page or invent one, we leave ratings, spreads and minimum deposits blank until we can verify them directly. An honest gap is better than a fabricated specification on a high-risk financial product.