Top Forex Review

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Many of you have been asking about which Forex brokers to use and after much thought I have decided the best way to share what I know is to not have a rating scale. Instead I will have only three columns as follows. First brokers that are considered ok (not great because I honestly don’t think any of them are great). Second is brokers that are bad. Lastly is brokers that you must avoid like the plague because they rip clients off (hunting stops, holding money due for months until you get an attorney, huge spreads at news time, etc). Don’t take my word for it, feel free to try as many brokers as you want just like I did, but I believe after 5 years your list will come out about the same as mine. Also I am not going to list any of their website, just do an internet search. Lastly if I do not list a broker it is because I have never used them and yes I have traded live money with every broker listed.

Ok brokers:

FXOpen

FXCM UK

Dukascopy

Bad brokers:

IFX

FINI FX

MIG

GFT

MB Trading

Currenex

CMS

MG Forex

Hot Spot

Spencer FX

CBFX

FX Solutions

FXDD

CMC

Saxo

Interbank FX

GCI Financial

Pip Forex

FXCM

Oanda

Must avoid at all cost:

Coes FX (now shut down)

Gain Capital

Forex-swiss.com

Nations Investments (now shut down)

CFG (Concord Forex Group is now shut down)