Forex Broker reviews from Reddit
Summary
We analyzed 273 Reddit reviews across 19 subreddits and 26 posts to rank the best Forex Broker brands recommended by redditors, including communities like r/Forex_Reddit, r/Forexstrategy, r/Kenya, r/phinvest, r/interactivebrokers. Top-rated brands include Exness (4.4/5), Pepperstone (4.5/5), InvidiaTrade (4.9/5).
Stats
Reviews273
Subreddits19
Posts26
Brands96
Products9
273 reviews from
and
By Brand
/By Product
#1
Exness
4.4
(16)
"Use exness, you can withdraw with in a minute"
"Exness. Wife just withdrew 17k and was received in 2min today."
"God of broker is Exness . No one can beat , deposit withdraw both gets done within seconds not even minute. Using for last 4 years , not even single problem faced."
"Exness has an intuitive interface and great spreads, with transparency."
"Exness has an intuitive interface and great spreads."
"Exness provides excellent trading conditions and is highly recommended."
"Exness offers a world-class trading platform with lightning-fast execution and low spreads, making it ideal for both beginners and experienced traders."
"I've found Exness to be most reputable."
"Exness"
"Exness is very good. Use it as well for our profitable trading."
#2
Pepperstone
4.5
(13)
"Popular for scalpers due to their competitive spreads"
"Known for tight spreads, robust leverage."
"Pepperstone provides strong leverage options and seamless integration with MetaTrader."
"Known for its competitive spreads and high leverage options."
"For scalping, I've found Pepperstone to be really good. They offer tight spreads on major pairs and use MT4 and MT5 platforms."
"I use pepperstone linked through tradingview."
"Magagandang bagay tungkol sa Pepperstone."
"Pepperstone has very low spreads and commissions, but the webtrader functionality is limited."
"Pepperstone has very low spreads and commissions, and great support."
"I'm looking for a broker with easy-to-use tools and good support."
#3
InvidiaTrade
4.9
(9)
"Trade Smarter, Not Harder with InvidiaTrade"
"I’ve been using InvidiaTrade lately super intuitive platform, fast execution, and I feel like my capital is in safe hands."
"Just wanted to share my positive experience with InvidiaTrade. I've been using their platform for a while now, and honestly, it's been a game-changer for my trading."
"An outstanding option for both novice and seasoned traders, InvidiaTrade is a well-known forex broker platform that provides a stable and intuitive trading environment."
"I ended up switching to InvidiaTrade and it’s been a much smoother experience."
"I've tried multiple trading platforms, but InvidiaTrade has been the best so far. The interface is user-friendly, the order execution is fast, and their customer support is top-notch."
"I personally use InvidiaTrade, and it has been a game-changer for me. Their platform is user-friendly, reliable, and provides excellent trading tools."
"InvidiaTrade has been the most reliable for me. The platform is easy to navigate, and trade execution is smooth without unnecessary delays."
"InvidiaTrade has been a reliable platform for me. What I appreciate the most is the ease of use and the variety of tools it offers."
#4
IC Markets
4.8
(9)
"Popular for scalpers due to their competitive spreads"
"Known for tight spreads, robust leverage."
"IC Markets offers competitive spreads and reliable execution."
"[ic markets](https://icmarkets.com/?camp=75341)"
"I'm looking for low spreads and quick execution."
"You can try ICmarkets, have been using it for awhile. Withdrawal are usually around 1 working day."
"OP use IcMarkets - it’s not regulated by the FCA but regulated by the Australian one - works well for me."
#5
Oanda
4.0
(10)
"I personally use Oanda and highly recommend them."
"Popular choices among Reddit users."
"Known for tight spreads, robust leverage."
"I would prefer brokers like... oanda for FX"
"Oanda is recommended for its reliability."
"I'm new to forex and looking for an easy-to-understand platform."
"Best low spread is to find a prop firm. Or use IG, Oanda, or Forex DOT com"
"Oanda"
"I'm curious about their customer support and how they handle withdrawals."
"I found OANDA's spreads a bit too wide for effective scalping."
#6
XM
4.3
(9)
"Xm tried and tested"
"XM easy deposits and withdrawals using GCash"
"XM supports GCash and is highly regulated globally, ensuring safety of funds."
"Looking for a broker that's reliable during volatile times."
"Well-established and regulated by reputable authorities such as the FCA and CySEC."
"I'm struggling to understand all the forex terms."
"I found XM to be lacking in terms of security measures."
#7
IG
4.3
(8)
"Best Trade protection features"
"Popular choices among Reddit users."
"I use IG. It’s a bit of a mission to give them your money but they do give it back."
"Good leverage, fair spreads, and their real-time market updates are quite reliable."
"I'm looking for a broker that makes it easy to learn about currency pairs and leverage."
"I'm looking for a broker with solid liquidity and tight spreads."
"IG is a regulated broker offering a 10% rebate for referrals."
"Or use IG, Oanda, or Forex DOT com"
#8
CFD Broker
5.0
(6)
"We offer a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with excellent customer service."
"Offers a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with high leverage."
"We offer a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with excellent customer support."
"We offer a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with excellent customer service."
"We offer a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with excellent customer support."
"We offer a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with excellent customer support."
#9
PU PRIME
4.8
(6)
"I've been using PU Prime for trading, and I have to say it's one of the most reliable brokers out there. The platform is intuitive, and their customer support has been really helpful."
"PU Prime is definitely worth considering."
"PUPrime as the most trustworthy broker."
"The platform is intuitive and offers a wide range of assets, which is perfect for both beginners and experienced traders."
"PU PRIME!"
"PU Prime. Their spreads are competitive, and the execution speed is smooth, even during volatile market hours."
#10
FBS
4.6
(5)
"FBS is the best"
"The best I would say is fbs"
"Looking for a broker with tight spreads and reliable execution."
"I'm considering them but want to ensure my funds are safe."
#11
Interactive Brokers
4.2
(5)
"Great for beginners"
"Interactive Brokers (IBKR) is also a strong choice—though it’s more popular for stocks, ETFs, and futures rather than spot forex trading."
"Interactive Brokers is also noted for its reliability."
"Does anyone know if Interactive Brokers offers a good variety of currency pairs, including the less common ones?"
#12
Vantage
4.5
(4)
"**Vantage**, my company"
"Vantage is gcash supported."
"I'm looking for a broker that's good with leverage and execution."
#13
Envi FX
5.0
(3)
"It's the best trusted trading platform in forex and it's have a good benefits for the traders."
"Making it a top choice for flexible, cost-effective, and reliable trading."
"It’s a great choice for traders."
#14
eToro
2.8
(5)
"EToro is user-friendly and their demo account is great for practicing without risk."
"Etoro I think serves both"
"I found their platform a bit clunky."
"Their spreads can be a bit wider than ideal for quick trades."
"Tagged as illegal by SEC, funds might be frozen."
#15
Swissquote
3.5
(4)
"Looking for a forex broker with simple tools and good learning resources."
"I'm wondering about their real-time market updates."
"I'm curious if they're beginner-friendly and have good educational content."
"I'm curious about their execution speeds and spreads."
#16
Tickmill
3.5
(4)
"I'm happy with Tickmill for scalping. They offer some of the tightest spreads and their customer support is quite helpful."
"I would also recommend fxview and tickmill."
"I'm new to forex trading."
"I found their platform a bit unstable, especially during high volatility periods."
#17
Saxo Bank
3.5
(4)
"Try looking at Ibkr and saxobank but do your due diligence"
"They offer fair spreads and their leverage options are quite flexible. Plus, their charting tools are top-notch."
"I heard they're good but not sure how they handle news trading."
"Saxo Bank is too advanced for a beginner."
#18
Fyntura
4.7
(3)
"Fyntura been then best I’ve used especially with the execution and the spreads."
"The broker provides all the trading conditions that you asked for."
"Consider Fyntura, XM, and Exness as potential options."
#19
AAAFX
4.7
(3)
"Incredible trading experience with competitive spreads and stable conditions."
"For me, aaafx is the best broker for beginners - regulated and minimum is $100 to start."
"You can also consider brokers -aaafx, pepperstone, or BDSwiss for low spreads"
#20
TD Ameritrade
4.7
(3)
"Popular choices among Reddit users."
"They have excellent educational resources and a user-friendly platform."
"They seem to have a solid platform with decent charting tools."
#21
FP Markets
3.0
(4)
"Popular for scalpers due to their competitive spreads"
"Does anyone have experience with their withdrawal process?"
"I found their platform and tutorials not very user-friendly."
"I found their execution speed lacking during peak times."
#22
OctaFX
3.0
(4)
"Does anyone have experience with their support for beginners and their educational materials?"
"Their platform was often slow, and it affected my trading."
"I found their spreads to be higher than what I was looking for."
#23
HYCM
4.0
(3)
"They seem to have a good reputation."
"Looking for a broker with easy tutorials and helpful customer support."
"Can anyone comment on the variety of currency pairs offered by HYCM?"
#24
CMC Markets
4.0
(3)
"I need a platform that can handle volatility."
"Their platform is easy to navigate and they offer a decent demo account."
"I'm looking for a broker with reliable execution and low downtime."
#25
FXTM
2.8
(4)
"They have really tight spreads on EUR/USD and the execution speed is great."
"They have a good range of currency pairs and their platform is quite user-friendly."
"FXTM is a no-go zone."
"FXTM is a no-go zone."
#26
Plus500
2.8
(4)
"Best for CFD Trading"
"Their customer support wasn't very helpful."
"Their platform wasn't as intuitive as I'd hoped."
"Found their platform a bit laggy."
#27
Darwinex
3.7
(3)
"Does anyone have experience with their scalping policies and spreads?"
"I'm interested in their approach but would like some user feedback first."
"Does anyone know if they offer simple tutorials for beginners?"
#28
Rakuten Securities
3.7
(3)
"They seem to have a good reputation for beginners."
"I had a good experience with Rakuten Securities. Their customer support was very responsive and the platform stable."
"Be cautious with Rakuten Securities for scalping. While they offer good tools, I had some issues with their customer service."
#29
Admiral Markets
3.7
(3)
"They've been reliable for me, especially in terms of market updates and charting tools."
"They seem to have a good reputation, but how are they for beginners in terms of support?"
"Scalping requires quick trades, and I'm considering them."
#30
Markets.com
3.7
(3)
"They've been great for me as a beginner, especially with their demo account and clear tutorials."
"Is good for someone who trades both common and less common currency pairs?"
"I'm interested in their approach but would like some user feedback."
#31
NordFX
3.7
(3)
"Reliable for scalping with excellent execution speed and spread."
"Does anyone have experience with their customer support efficiency?"
"I'm curious about their educational content and demo account."
#32
ThinkMarkets
3.3
(3)
"They seem to have good tools for scalping."
"I'm new to forex and looking for a broker that's easy to navigate."
"Their platform was not very beginner-friendly."
#33
AvaTrade
3.3
(3)
"I'm interested in their spread on major currency pairs."
"I'm considering them but heard mixed reviews."
"Their platform can be a bit complex and overwhelming."
#34
BlackBull Markets
3.3
(3)
"They seem to have a good setup for scalping."
"I'm looking for a broker with reliable support."
"Their platform might be a bit complex for new traders."
#35
Dukascopy
3.3
(3)
"I recommend checking out Dukascopy for scalping. They're regulated and offer decent leverage and tight spreads."
"Does anyone know if Dukascopy offers good charting tools?"
"Their platform is a bit too complex for new forex traders."
#36
IBKR
3.3
(3)
"Try looking at Ibkr and saxobank but do your due diligence"
"I don't think ibkr would be my first choice for crypto or FX. It's great when it comes to commissions, global access, derivatives, multi currency... But for FX and crypto, I wouldn't pick them."
"IBKR does forex and crypto-related, but you’re very vague about what you need."
#37
AxiTrader
3.3
(3)
"I'm looking for a broker with tight spreads and good liquidity."
"They seem to have good leverage options."
"I'm interested in their approach but want to make sure it's suitable for new traders."
#38
PUPrime
5.0
(2)
"Such a useful platform. You should give it a try."
"Many people use it and are satisfied with the great services."
#39
Sway Markets
5.0
(2)
"Sway Markets is a good one. They are an (ASIC) regulated broker."
"I love Sway Markets. (ASIC) Regulated broker. Up to a 1:500 leverage. You can trade metals, indices, all currency pairs etc."
#40
HotForex
3.0
(3)
"They have a good balance of security and user-friendly features, plus their customer support is pretty responsive."
"I'm considering them but want a beginner-friendly experience."
"I experienced some delays that affected my trading strategy."
#41
Forex.com
3.0
(3)
"I heard they have tight spreads, but I'm not sure how beginner-friendly they are."
"I heard their spreads are competitive, but not sure about their charting tools."
"I struggled with slippage at Forex.com during scalping."
#42
City Index
3.0
(3)
"I'm considering them as my new forex broker."
"They seem to have a good reputation, but I'm not sure how beginner-friendly they are."
"I'm considering them for forex trading but need to know more about their execution."
#43
FXView
4.5
(2)
"Haven't faced any issues while making deposits/withdrawals."
"I would also recommend fxview and tickmill."
#44
ActivTrades
2.7
(3)
"I'm looking for a platform that's easy to use."
"I'm curious about their spreads and liquidity."
"I found their platform a bit complex for my taste."
#45
XTB
4.0
(2)
"Excellent research and Education material"
"I heard they have good educational resources."
#46
Hantec Markets
4.0
(2)
"Looking for a forex broker with clear tutorials and a user-friendly platform."
"I'm considering them but worried about execution speeds."
#47
Global Prime
4.0
(2)
"I'm looking for a forex broker with good learning tools."
"I'm curious about their execution speed and spreads."
#48
HFM
2.3
(3)
"I’ve been using HFM for 5 years and never had any issues. Fast payouts easy withdrawal and deposits and great customer support!"
"A no-go zone."
"HFM is also a no-go zone."
#49
GCI Trading
2.3
(3)
"Does anyone have experience with their scalping policies and execution speeds?"
"I found their spreads to be higher than what's ideal for frequent trading."
"Their platform wasn't as easy for me to navigate as a beginner."
#50
Alpari
2.3
(3)
"I'm curious about their leverage options and spreads."
"Their platform and tools were a bit overwhelming for me starting out."
"Their platform didn't meet my expectations in terms of spread and speed."
#51
Various Forex Brokers
3.5
(2)
"Please read carefully through the brokers suggested in this thread and see which one fits your needs best."
"Any recommendations of brokers who are uae regulated?"
#52
IronFX
3.0
(2)
"Very fast withdrawal and free webinars."
"Faced multiple issues with their customer service and the platform wasn't very intuitive."
#53
easyMarkets
3.0
(2)
"I'm curious about their charting tools and market updates."
"I'm considering them as my first forex broker."
#54
RoboForex
1.7
(3)
"Their platform wasn't very intuitive and the support was lacking."
"Their execution wasn't as quick as I needed."
"I found their customer support lacking and had a few issues with account verification."
#55
LegacyFX
2.5
(2)
"Looking for a forex broker that's conducive to scalping strategies."
"It's important to have good support, especially for beginners in forex."
#56
TradeStation
2.5
(2)
"Does anyone have experience with their real-time market updates and charting tools?"
"I found their platform not very conducive for quick trades."
#57
Beirman Capital
5.0
(1)
"Best spreads and customer services."
#58
Capital.com
5.0
(1)
"Best for Low forex fees"
#59
Broker
5.0
(1)
"For scalping, it’s crucial to choose brokers with ultra-low spreads and fast execution."
#60
Australian owned CFD Broker
5.0
(1)
"Offers a wide range of trading options including FX, Cryptos, Gold, Oil, Indices, and stocks with high leverage."
#61
Sway
5.0
(1)
"I personally use Sway; it’s a regulated broker which offers 1:500 leverage."
#62
EagleFX
5.0
(1)
"I'm looking for a platform with low spreads and good execution."
#63
Axi
5.0
(1)
#64
GCash
5.0
(1)
"GCash supports both withdrawal and deposit."
#65
TransferGo
5.0
(1)
"It has one of the best rates as compared to others."
#66
Prop Firms
5.0
(1)
"...risk free as a prop firm trader because..."
#67
Beirmancapital
5.0
(1)
"You will get extra value added service with them too and analysis low spreads, as compared to the others."
#68
Hankotrade
5.0
(1)
"Hankotrade is known for its fast execution and low spreads, which is worth considering for a balanced trading experience."
#69
Coinexx
5.0
(1)
"Coinexx offers low spreads and quick withdrawals."
#70
Hugosway
5.0
(1)
"Hugosway man no issues there."
#71
LCG
1.3
(3)
"Their spreads weren't as tight as I needed."
"I had several issues with their platform and the customer support wasn't helpful."
"I found their customer support lacking and the platform not very intuitive for new traders."
#72
ZuluTrade
2.0
(2)
"Their platform integration was problematic."
"I found their platform a bit complicated for a beginner."
#73
Deriv
2.0
(2)
"Only useful for volatility; seems designed to rip off beginners."
"Deriv is only useful for volatility; otherwise, it seems designed to rip off beginners."
#74
Binance
4.0
(1)
"I would prefer brokers like binance for crypto"
#75
IQ Option
4.0
(1)
"I've liked it so far!"
#76
Kot4x
4.0
(1)
"Https://kot4x.com/"
#77
Tiomarkets
4.0
(1)
"Have been with them for years now. Deposit and withdrawal as well as support done fast."
#78
Trade245
4.0
(1)
"Trade245 is FSCA-approved, lets you deposit and withdraw directly to your SA bank easily, has low minimum deposits (around R100)."
#79
Trading 212
4.0
(1)
"I trade with T212, it's a subsidiary of IBKR, I trade forex, futures and have the option to trade crypto."
#80
LMFX
3.0
(1)
"I'm curious about their spread consistency and execution speed."
#81
Forex4You
3.0
(1)
"Does anyone have experience with their scalping conditions?"
#82
Blueberry Markets
3.0
(1)
"Curious about their educational resources and platform usability."
#83
KVB Kunlun
3.0
(1)
"I'm curious about their international currency pair options."
#84
GKFX
3.0
(1)
"I'm looking for something with fair terms."
#85
Libertex
3.0
(1)
"I'm particularly interested in their spreads and how efficient their withdrawals are."
#86
FXChoice
3.0
(1)
"Their platform was good, but sometimes the spreads weren't ideal."
#87
Quotex
3.0
(1)
"Is quotex broker good?"
#88
IG Markets
3.0
(1)
"Even igmarket is decent."
#89
JAFX
2.0
(1)
"I found their spreads a bit inconsistent."
#90
Vantage FX
2.0
(1)
"Found their educational resources lacking for beginners."
#91
FXCM
2.0
(1)
"Had several issues with delayed executions and their spreads weren't as tight as advertised."
#92
ForexMart
2.0
(1)
"Their charting tools weren't up to par for my needs."
#93
ForexChief
2.0
(1)
"Their platform had frequent lags."
#94
Trade12
1.0
(1)
"Their withdrawal process was cumbersome."
#95
Tradeo
1.0
(1)
"Their platform was often glitchy, and it made trading more stressful."
#96
NutrustX
NaN
(0)
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