Advanced Forex Broker Search & Comparison

You asked, we listened. The New Advanced Broker Search & comparison is now live!

Our Robots will quickly find Forex brokers that meet your trading needs.

Search, customize, change, sort, compare – our Broker CyberSearch can do it all!

Welcome to experience the Broker Search on a whole new level!

Forex brokers comparison

Feedback and Support:

Forex Broker CyberSearch is a large web project with a mission to help every Forex investor find and compare brokers with ease.

Should you have anything to say:
– ask a question about the search application or search results,
– leave a feedback,
– point out at omissions
– or recommend a broker for inclusion or update,

We’ll be glad to hear from you!

Please do report any changes about broker trading policies, e.g.:
– this broker doesn’t, in fact, allow scalping,
– this broker has just introduced ECN platform,
– this broker no longer offers managed accounts,
– this broker allows Paypal deposits/withdrawals etc.
With your help we can do better!

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Broker discussion area

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Thank you!
FxUnited has not been added yet.
We’ll create a review page now, and later add them to the search.

Hi Guru,

I couldn’t find Fx United on the list of broker comparison

Thank you, thank you!
As I’m searching for Canadian brokers, that shady Ajax broker has been taken down.

Hi I am Canadian and finding regulated brokers for Canadians can be tough and we have to be vigiliant. Ajax Financial claims to be currently regulated by OBSI and FTRACC wich is INCORRECT. FTRACC has ceased their regulation of Ajax Financial since 2012.


and I couldn’t find anything even mentioning the name Ajax Financial on OBSI.

They are lying about this and that is the first sign of a shady broker. Anyways, in Canada, only brokers regulated by IIROC are relevant, and any other regulation is rubbish. They are not certified by IIROC either.

Just trying to protect fellow Canadians.

Hello and thank you for your question.
However, this type of question can be only addressed to traders.
Our website policy requires us to remain fully unbiased towards all brokers, and thus we cannot provide our opinion or recommend any broker. I’m truly sorry.
Please feel free to post your question on the review page:

I am researching about Forex trading. And I am feed up by lot of information about it. Don’t know what to absorb and what not to absorb. One of the global brokers providing online currenry trading services that caught up my attention was GDMFX. Its a hot topic actually. There are a number of reasons provided why I should work with GDMFX, including high leverage, attractive bonuses, state of the art trading server and Hermes Academy for traders. Other reasons include its tightest spreads that are available and very low deposit to open an account. Seems that GDMFX is trully the platform for FX trading that I am looking for. But before I fully commit to this brokerage firm I would like to know if anyone here is trading with GDMFX or heard about it. How was your experience with GDMFX so far? I need your inputs guys. Response will be highly appreciated. Thanks.

Thank you for the feedback, Peter.

We should probably add this option to the search. I’ll put it on the list. Thank you!
In the meantime, you can do the follwoing:

– search by a Broker Type “Market maker” – all Market makers offer instant executuion.
– as for STP brokers, this page will help:


i’m looking forbrokers who offers instant execution and not just market execution.

I was not able to find any section to set this parameter, could you help me please or maybe add this function on the cyper search?

Thanks and best regards,

After having a few years experience experimenting with demo accounts and trying out various indicators, systems etc, I have found that the most difficult aspect of Forex trading isn’t actually the trading itself, but rather finding a decent trustworthy broker to do business with. Once you are ready to risk putting your real hard earned money on the line, you want to be as certain as possible you aren’t handing it over to a pack of scam artists. I ALWAYS do my due-diligence on trading systems and brokers alike. Forex Peace Army is one of the larger and more well known sites
that I like to consult for info on both. But one must be willing to carefully evaluate not only the harsh critics, but the gushing praise of either when going through reviews. Some are too quick to complain over any minor issue, while others seem like sales pitches and may originate from biased sources. I wish I had discovered 100 forex brokers before last year. This Cyber Search tool seems like an excellent, helpful tool. I like that you are able to enter criteria that’s important to you and come up with a list of brokers to look into a bit further. What a time saver, and a fine way to weed out brokers that are unsuitable. I’ve bookmarked your site, way to go guys!

An official reply from FMA New Zealand suggests that Forex brokers in New Zealand are “generally subject to relatively limited regulation”, where only registration with FSPR, FSCL is required. We’ll be updating all listings accordingly.

Below is the official reply:

“All foreign exchange dealers that have a place of business in New Zealand must be registered as a financial service provider. As a precondition to registration, financial service providers are required to be members of an approved dispute resolution scheme. More information on registration is available at

Some foreign exchange dealers may be subject to additional regulatory requirements depending on the activities they undertake.

Providing foreign currency exchange services, and associated money remittance services, generally would not require any licence or authorisation (other than registration as a financial service provider) if this is the dealer’s sole activity. These activities are generally subject to relatively limited regulation.

However, foreign exchange dealers who offer foreign exchange futures contracts must be authorised by FMA to deal in futures contracts. ‘Futures contracts’ is defined in the Securities Markets Act 1988, and includes some cash settled derivative products which may not be considered futures contracts for other purposes. It generally includes contracts for difference over foreign exchange pairs and margin foreign exchange products, swaps, or cash settled forward contracts. Authorisations of futures dealers are published in the New Zealand Gazette ( and an authorised dealer should be able to provide you proof of its authorisation. However, authorisations are not currently noted on the financial services providers register or published on our website.

Foreign exchange dealers who also provide other financial products or financial services may, depending on what other products or services they provide, be regulated in respect of those other products or services.

We hope this is of assistance.”

Thank you!
We’ve already sent requests to FMA and FSPR regarding this.
The information will be updated accordingly upon receiving an official reply.

It is observed that is carrying a wrong classification of forex brokers when it comes to ‘Regulated’ and ‘Non-regulated’ FX Borkers. When non-regulated brokers are classified as ‘regulated brokers’, effectively the portal is misleading the general public.

Forex and derivatives (other than CFD shares/or other securities) remain unregulated as of now in New Zealand. Neither FMA nor any other agencies licence, supervise, or regulate FX and derivatives (other than CFD shares/or other securities providers) and ‘Forex Brokers’ are not subject to regulations imposed by any agencies in NZ. Your portal has listing forex brokers registered under FSPR as regulated brokers is totally misleading and affects the credibility of your portal.

Hi, i’m ken thank for dis your site, for the collector of material.

Thank you very much Indian Carmine,

we’re regularly making updates. It’s not uncommon for many Forex brokers to introduce new features/change trading conditions almost every month, so it keeps us busy. Your help is highly appreciated, thank you!

And some more updates,
>> Trading Point micro account is $5, standard account is 10,000$ >>

>> Hotforex Currenex account leverage is 1:300, not 1:100 >>

— regards, Indian Carmine.

A lot of updates are needed, like the following
— Roboforex is regulated by New Zealand regulator
— AFX Capital offers Web-money withdrawal >>
— Fxprimus ECN account minimum deposit is $1000 , not $2500 >>
— Admiral market offers Moneybooker withdrawal
— Gedamo Investments Minimum deposits are 500, 500 and 15,000 >> and they offer Moneybookers and other withdrawal as well >>

Regards Indian Carmine

Thank you!

Another great Broker is ECMarkets, they are EC Licensed and Regulated!

Sorry, we don’t provide reviews or recommendations for any broker, as we must stay 100% unbiased. Or goal is to collect facts about brokers so that traders can compare and make an educated choice.

I will entry to trading forex with small money, please help me to chose the right broker

Thank you!

We’ll add it to the list. At the moment Cent accounts are offered by:
EFX – England Foreign exchange
E-Global Trade & Finance Group


Please include “Cents account” in the search field. I would like to know a list of forex brokers offering “Cents account”. Thanks!


Hi CCon,

1) MiFID is just a directive to be followed by financial organizations in the EU.
It’s expected that all registered companies in EU are MiFID compliant (by default).

2) Your application for opening a PAMM account will need to be approved by a broker first. But you don’t have to be an authorised fund manager and/or a professional trader to open a PAMM account. You start with own capital and then begin to invite traders through your PAMM manager proposal. Traders who agree to join PAMM account must accept the risks associated with the management of a PAMM account, including but not limited to facts that the manager might not have enough knowledge, skills or experience in managing clients’ funds.

3) your partners can be retail traders as well.

The fastest way to find EU brokers with PAMM accounts on our site would probably be through the Search with the following parameters:
– Country – “Show all checkbox” (will be used to manually filter brokers from EU once the search is complete).
– Regulation – “is regulated”
– US clients – “no” (will be used to filter US based brokers during the search)
– MAM/PAMM accounts “yes”

When you receive results, the final step would be to manually filter all non-EU brokers.

Hi BrokerGuru

I am trying to figure out if it is possible for me to do – Multiple Account Management / use a Percentage Allocation Management Module through a company that is registered and complies to EU MIFID regulations.

1) Does such a company exist in the EU?
2) Do I have to be an authorised fund manager or professional trader?
3)Would the partners I manage the accounts, have to be professional clients to the Firm or can they be retail?

Many thanks in advance.

Kind Regards,

Hi TnT,

Nano4x is still pending listing at our Search, since we have quite a large number of brokers to list as well as keep everything updated.

Nano4x is a relatively new broker (founded in 2010) from UK. At present they are not regulated, while UK brokers should normally seek regulation with FSA UK.
Trading conditions are normal (appropriate lot sizes, leverage, spreads etc.) and, as claimed on the website – there is no dealing desk.
I haven’t heard any positive or negative reviews from Nano4x clients so far, while also there are no reviews on our site or anywhere online. Hopefully we’ll be able to get more feedback about this broker in the future.

Hi BG,

Newbie in Forex world, thank you for information in your site.

I want to know about nano4x, what do you think about this broker? they don’t exist in broker compare list.

Thank you,

Thank you for your feedback!

That’s a good suggestion indeed, we’ll work on it in June.
While we collect data, we’ll make a regular website page with the list of brokers who offer guaranteed stop loss orders. Once finished, we’ll add the search option as well.

I love the search function. Highly recommended!
But may I suggest adding “Guaranteed Stop Loss” in the search function??

I’m looking for a long list of brokers with this feature!
It’s quite useful in these volatile times, especially with the gaps in CFDs!


Grate tool.

I would add “years in industry” filter, as you suggest in “How to choose a Forex broker?” page.


Thank you!

Not sure why there were no results shown.

Selected parameters:

Broker type: “ECN”
Trading platform: “MT4”

Clicking “Search” and there are over 20 results shown…

Please let me know what are your search parameters?

the idea is amazing, but the site never worked for me. I put in simple requirements. 2 to be exact, ecn and mt4. No results.

Thanks for posting about this.
I like this blog and i well visit agen thank you
Good luck

Only if they’re regulated by CySEC.

Almost all Binary Option brokers are located in Cyprus. Are they save to deal with ?

InstaForex is not yet listed in the Search.

InstaForex is not coming out even if i not choose any condition. Please have a look and thanks for your Great Search function. 🙂

Hi Rahman,
If you don’t like execution and spreads on a demo with a broker, I woudn’t hope that things will improve once you start trading live.
I’m not suggesting brokers, because every trader has own preferences about an ideal broker and ideal trading environment. My advice would be to read reviews about 4 and 5 star brokers across multiple websites and then pick few brokers, and do a detailed research on them, including demo testing a platform at the end.


I have been practicing for over two months on a Demo Account with Easy-Forex and have got some angles on forex trading. I don’t agree with their set pips as I think there are not very competitive, plus in volatile market trading, their system response at snail pace.

I am planning to start a modest Live account next month, but is still hesitant as I am very uncertain and confused as to whom I can trust my money with.

Any suggestions?


When classifying brokers regarding their scalping policies, and a broker says that they allow scalping, the challenge is to find out to what extend the scalping is actually allowed.

“Yes – monitored” means that a broker states that they allow scalping, but then it is a remark added (for each broker it’s different) that if you scalp aggressively and they discover this (obviously they will do, if you show consistent profits with quick in-out trades) you’ll be asked to stop scalping or your trading conditions may change (e.g. widening of spreads, delayed execution etc).

So, since broker says they don’t ban scalping entirely, we list it as “Allowed”, but a further remark suggest that aggressive scalping won’t be possible in the long run.

On your site, under “scalping” What does it mean when it says “yes – monitored”?

Both brokers are regulated.

Broco is regulated by Federal Financial Markets Service – is the federal executive body that controls and supervises activity in the financial markets, including the activity of exchanges, and issues the relevant regulations in Russia.

UWC is regulated by CySEC – The Cyprus Securities and Exchange Commission, as well as falls under MiFID – the Markets in Financial Instruments Directive.

Hi, Does Broco and UWC have a regulatory bodies above them.

Thank you!
I don’t have the info about all MAM brokers yet to be able to answer your question.
I’ll work on it, already on my list. Just give me a week or two.

Hi BrokerGuru,

Congrats on a great site.

I am looking for a broker who facilitates money managers through a Multiple Account Management (MAM) type platform. They should allow for hedging, micro-lots, and opening capital of around USD 500.


yeah, thanks a lot Guru, I’ve been on this site for almost a whole day now.

Thanks a lot!
I’m glad you liked it.

This site is amazing, very clear and concise. From what I’ve seen, the best of its kind. The broker search as just saved me countless hours of searching for the right broker for me. Thanks and keep up the good work!

Thank you,

I’ll be adding all of them. There are several hundreds of Forex brokers nowadays, many of them don’t have enough info on their websites, which makes it more time consuming to create a listing.

For now, those who are more co-operative and who responded by filing in the questionnaire form, get listed first. Others will be listed later, but eventually every broker will be on the list within several months.

For brokers to get a questionnaire for an immediate listing, please use our contact form.

Hi Tajer,

If an ECN broker goes bankrupt you won’t have any additional protection or guarantee for receiving your money back, same as with any other broker.
Your best chance to get your money back is with a broker who offers segregated accounts: where client funds are kept separate from broker funds.

There are also brokers ho provide an insurance for their client deposits through insurance companies or other warrantors.
Finally, trading with banks offers an unbeaten level of funds security.

Before opening an account, go over Trading Terms & Conditions in Client Agreement form. It always says about level of protection of client funds and financial liabilities of a broker in case of bankruptcy.

Thanks a lot BrokerGuru for all this usefull information you provided

i have a final question ” which ECN broker can guarantee my capital if he get bankrupt ? ”



Hm… that’s true.
Thanks a lot, we’ve fixed that!

if no search result is found it is taking too much time to display.

When you see “ECN/STP” only, there are no alternatives – you’ll be trading with ECN.

When you see “ECN/STP & Market maker” – this, in majority of cases, means that a broker is primarily a Market maker, but it has Prime brokerage ECN trading offered to larger clients (often with deposits from $10 000 and up). As an example, we have GFT – a market maker for all mini and standard accounts, but with an option to access prime services.

In all cases you have to ask your broker about the dealing model for your account. There is no room for guessing and(or) being shy about asking this key question.

When search says “ECN/STP & Market maker” how do I know whether I’ll be trading with ECN or MMaker?

I was finally able to sort my questions out with the Search. Thank you, great work!

Incredible tool, both thumbs up!