A trusted Forex broker is the one that offers fair trading conditions!

Regulations

It is essential to use a regulated Forex broker. The most popular regulatory bodies are CFTC & NFA in the USA; FCA or FSA in the UK; CySEC in Cyprus.

Low Costs

Even if you have a profitable strategy, you won’t make money if you pay high costs to the broker. It is vital to have low spread, commission, and swap for your trading.

Reviews

Honest and informed reviews are critical when selecting your Forex broker. Reviews are a reflection of how Forex brokers treat their clients.

Below you will find a list of Forex brokers that we, as well as thousands of our students, have tested. These are just a few we have tested. There are many more, and the choice of Forex broker is yours, but be sure to test your broker with a demo account before you trade in a live environment.

MT4 or MT5? *FSB Pro works only with netting accounts on MT5. If you want to use hedging accounts on MT5, it’s best to use EA Studio. If you want to use MT4, both EA Studio and FSB Pro work great.

BrokerRegulatorEURUSD Spread & CommissionProsConsRatingOpen Account
HotForex
Hot Forex Broker Logo
CySEC, DFSA,
FCA, FSA,
FSC, FSCA
1.1 pips + $6/Lot commission
  • Variety of contests and bonuses
  • CFDs for BTC, ETH, LTC, XRP
  • +1000 different assets
  • Only Forex and CFDs
10/10
Read review
Open Account
BlackBull Markets
BlackBull Markets Broker Logo
FMA, FSA0.9 pips + $0/Lot commission
  • Solid Regulation/Reputation
  • ECN-style account options
  • Leverage up to 1:500
  • No 24/7 Customer Support
10/10
Read review
Open Account

More Regulated Brokers

BrokerRegulatorEURUSD Spread & CommissionProsConsRating
Pepperstone
Pepperstone Broker Logo
ASIC, FCA, Tier-1 & Tier-21.0 pips + $7/Lot commission
  • Strict Regulations
  • Lowest Spreads for Crypto
  • Great support for the traders
  • High trading requirements for Premium Clients
8/10
Read review
XM
XM Broker Logo
CySEC, ASIC, IFSC1.5 pips + $8/Lot commission
  • Tight spreads starting from 0 pips
  • Bonuses for Real account
  • Differet Account types
  • Fee for inactive accounts
8/10
Read review
ForexVox
ForexVox Broker Logo
FCA<1.0 pips – Low Spreads without commission for our traders (use the Open Account button to qualify)
  • Zero Starting Deposit
  • Chat Rooms for Traders
  • Offers good education
  • It doesn’t allow CFDs on Cryptos
8/10
Read review
FX Choice
FX Choice Broker Logo
IFSC1.4 pips + 0 commission
  • A commission discount for active traders
  • $100 starting deposit for ECN accounts
  • Excellent service and support
  • A smaller number of tradable assets
7/10
Read review
Dukascopy
Dukascopy Broker Logo
FINMA, FCMC, JFSA<1.0 pips + $3.5 commission
  • Facilitate Automated trading with JForex platform and MT4
  • Wide range of market research tools, advanced charting, and promotions
  • Reliable Historical Data
  • Restricted leverage
7/10
Read review

Cryptocurrency Exchanges & Wallets

BrokerRegulationUsersTradedCountryRatingRegister
Crypto.com
Crypto.com cryptocurrency exchange
Class 3 VFA License10M+$30B+China8/10
Read review
Get $25 with staking
Coinbase
Coinbase Cryptocurrency exchange
NY BitLicense30M+$150B+USA9/10
Read review
Get $10 of BTC
Ledger
Ledger wallet
The safest wallet to store cryptocurrenciesRead reviewBuy from website

Why did we select these brokers, exchanges, and wallets?

At Trading Academy, we always select trusted Forex Broker to make things easier for our students and traders. We were asked many times to create a page on our forum with trusted brokers, and we listened. You can now find the list on our forum.

By doing this, beginner traders can more confidently select a regulated and trusted broker, and stay away from scam brokers. Please share your reviews for the listed Trusted Forex brokers so everyone can benefit.

The trusted Forex brokers are tested by Trading Academy and many of our students and traders. Please share your good or bad experience with the community, and we’ll do the same.

More tips when choosing a Forex broker

Open a Demo account and a Live account. Don’t fund it. Perform a backtest to check if the results are the same. This will prove to you if the broker provides the same quotes on their Demo account and the Live account. If not, testing on the Demo account won’t give you an accurate assessment of live trading results.

When opening a live account, fund it with the smallest amount possible. Perform some trading and withdraw some cash to make sure there are no issues with this process.

If you are going to trade with Expert Advisors, it is best to test the Live account with many EAs trading with 0.01 lots. Simultaneously, test the same EAs on a Demo account. Compare your results to ensure they are very similar.

Try not to depend on one broker. It is good to have accounts with a few brokers. This way, you can quickly move from one to another if needed. In addition, you will have access to Historical data from a few servers, and you will be able to compare results.

Always stay highly cautious with the brokers. Even the ones that appear to be acting appropriately and fairly currently. They could change their operating practices quite quickly.

If you select to use any of the brokers listed in the forum, Forex Academy may receive a small referral fee. The generated funds will be invested back into the academy to purchase better equipment so we can provide you, our students, with an even a better education experience.