Best Forex Brokers Reviews

What is the best forex broker?  It realy all depends on your point of view.  Best in terms of what? Service? Spread?  Accuracy?  Or trading platform?  There are many criteria to choose from.  There is in all likelyhood not one retail forex broker that will achive top marks in all fields.  So you go with one that gives an overall good experience.  Crucial however is that you should be able to withdraw your money from them and that they are accurate in their dealings with you.

There are many crooked brokerages on the Internet that will give you the run arround once you want to withdraw your money or want to question the spread.  All of the brokers listed below has good and bad points about them and you will find negative customer reviews on just about all of them.  Having been in business myself I know that not all customers are going to stay happy forever and you can not satisfy them all. So I take some of the negative reviews with a pinch of salt.

What we have done here is collect from our trading group (it is always advisable to trade with a group) reviews on the different brokers that they have used over the years.  We also asked one or two people from the forums that we know what their experiences were.  We list their reviews in no particular order below.

Review The Top Forex Retail Brokers

Etoro

Another thing I like about Etoro is that they give you the option to withdraw from Moneybookers rather than the usual direct credit card method. I find this to be convenient personally. The withdrawals are fairly fast too. Read More >>
Dukascopy
Withdrawals are easy and I usually have my money quite quickly. I can honestly say I am glad I made the move to them as I have had much worse experiences with other brokers. Even though you may find some negative feedback on other websites, I suspect it is only because of individual gripes and client unhappiness that happens in every business. Read More >>
Easy Forex
I have had other minor problems but they were all dealt with efficiently, effectively and professionally. Some say that you can't trade 'naked' but I have managed to learn to do that just by referring to EF's percentage chart. Another thing I have observed is that there is almost always accurate, about plus or minus 5 pips at the most. Read More >>
Forex Yard
Forex Yard emails me daily information on FX and I think that is quite helpful. It really does help me to make the right trades at times. The charts are quite easy to read and helpful as well. I have had some minor problems initially in understanding them but once I learned the right way, I had no more problems with it! Read More >>
FXCM
I have only one thing to say about Fxcm and that is I do not like their platform at all and I have had nothing but serious complications from the day I started trading with them. I don't even know where to begin but I suppose somebody's got to do the dirty job. Read More >>
FXPRO
Another thing I like is that they offer you a combination of FX, Futures and stocks in a single MT4 platform which is rarely offered by other Mt4 platforms especially in the US. This is one of the appeals of Fxpro, for me anyways. Read More >>
GFT FOREX
What was even worst was when my forex specialist handling my account suddenly quit and vanished without a trail and any prior notice. I was left hanging and was passed to a person with no prior trading experience. Read More >>
Interbank FX
I think the spreads are outrageously high as well. I have made comparisons with other platforms and although some are considerably high, they are nowhere near what Interbank's are. In addition to this, my broker wasn't helpful at all. Whenever I try to bring up my difficulties in getting my orders filled or to close my trade, he would act puzzled as if this wasn't a norm. I wonder why it only happens when the market is in a favorable position for me? Read More >>
Marketiva
I had quite a bad personal experience with Minerva through one of my trades. After registering a $5000 profit or so, I was actually told that the price feed was wrong and that they had the every right to reverse that trade. This was indeed a shocker to me because I have never quite experienced something like that. Read More >>
Oanda
I have a major problem with the platform getting disconnected from time to time for no valid reason. Everything was fine until I tried entering a favorable trade. I was in profit of about 20 pips or so when the server got disconnected. Read More >>
Alpari
I have also noticed that they do not live up to their advertisements of 'low spread'. I personally experienced the higher spread with no notification of the change and when asked, the answer was that they did not change it for "reasons of commercial convenience." For me, that is the same as false advertisement". Read More >>

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