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The ForexBrokerReview website is a leading resource for online traders. Created by traders for traders, our research provides insightful information and extensive comparisons, exploring 100s of brokers. Our recommendations, therefore, not only help newer traders, but also old hands as well.
Security, regulation, commissions, customer support, leverage and platform functionality are just a handful of factors you must take into account before choosing a broker to work with.
In a Rush?
No time to read our comprehensive guide right now?
No problem. Following weeks of research, we’ve compressed the critical points and featured OUR broker of choice – FP Markets
| Brokers under review | Recommended  |  |  |
|---|---|---|---|
Our Rating |  |  |  |
Established | 2005 | 2007 | 2010 |
| Account Application Time | 1 Business Day | 1 Business Day | 1 Business Day |
| Minimum Account Balance | 100 AUD (Lowest) | 200 USD | 500 USD (Highest) |
| Platforms | MT4, MT5, Iress | MT4, MT5 | MT4, MT5 |
| Account Types | Standard, Raw and Iress ViewPoint, Iress Investor and Iress | Standard and Raw Spread Accounts | Standard and Razor Accounts |
| Range of Markets | 10,000+ (Additional Share via their Iress Platform) | 300+ (Additional Futures Products) | 500+ (No Futures Products) |
| Leverage | 1:500 | 1:500 | 1:500 |
| Spreads/Fees | Low Spreads - Commission per side is 3.0 USD per one standard lot | Low Spreads - Commission per side is 3.5 USD per one standard lot | Low Spreads - Commission per side is 3.76 USD per one standard lot |
| Execution Speed | 36 Milliseconds | 40 Milliseconds | 30 Milliseconds |
| Regulation – Tier 1 Licences | ASIC; CySEC | FSA; AFSL | ASIC; FCA |
| Market Research and Education | 9 | 7 | 6 |
| Customer Service | 9.5 | 6 | 7 |