Welcome to Top Forex Brokers Reviews! We are an independent website featuring trusted and accurate online forex brokers reviews.
We are a group of experienced trading professionals and we created this website to help you avoid what happened to us when we started the market.
Lets be clear of that… You plan to participate in Forex Trading Market for two reasons:
1.) To live a Real Trading Experience and
2.) To Make Money
Believe me these two are connected. If you don’t like the trading sentiments you wont make money and you will soon exit the market.
Making Money from Forex Trading isn’t easy and selecting a Forex Broker Company is a crucial issue for developing a successful trading career! Reliability, Bonuses Terms and Conditions, Type of Broker, Trading Platform, Spreads and Commissions, money transfer policies, Customer Service are only some of stuff that we take into account to review and rate the brokers.
Forex Brokers Reviews in this website are honest, detailed and critical, and I personally value my independence and trusted reputation. I pay extra attention to provide accurate information and as fair as possible Rating. We have put in hundreds of hours of research into the websites of Forex Brokers and contacting their staff.
Read our reviews and take advantage of the accurate information about the differences of Forex Brokers. The knowledge you will gain from this website is powerful weapon to avoid regretting a failed Forex Brokers selection.
Apart from our Reviews, we encourage traders provide their reviews. For that reason we offer the choice to comment below every Forex Broker Review! Your opinion counts as much as ours!
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Signs of a Reliable Forex Broker
1.) Licensing Jurisdictions
We strongly recommend to take into serious account the Broker Licensing Jurisdiction. A reputable Licensing Authority offers a guarantee to every trader that the broker is thoroughly and regularly checked and protects traders money. Forex Brokers License(s) is a strong sign of trustworthiness.
2.) Alexa Rank
Alexa Rank is a global ranking traffic number of any website around the world. If a Forex Broker page has a low Alexa Rank, it is a strong sign of high traffic, as well as a high preference from the forex traders community. Although a low Alexa Rank is a sign of trustworthiness, it does not ensures 100% Brokers reliability.
On the other hand, a high Alexa Rank does not automaticaly mean that a Forex Broker is a scam. Every newcomer Forex Broker Company starts with a high Alexa Rank, due to its low traffic and it will certainly take some time before it is listed as one of the top visited websites.
3.) Foundation Year / Reputation
Pretty much like any other business, experience and credibility always pay off on forex brokers. An Online Forex Broker that has been operating in a highly competitive market for many years and has already built its reputation among traders community, will far more easily enjoy the preference of any serious trader.
Despite all newcomers’ good intentions, it does take a considerable amount of time before they can enjoy the traders’ respect. Another aspect of reputation is weather or not the company’s shares are traded in a reputable stock exchange. This means that the company must meet very strict guidelines about security of funds, financial statements, investors relashionship etc. For example, Plus500’s mother company (Plus500 Ltd) is a company listed on the AIM section of the London Stock Exchange (LSE).
4.) Traders Opinion
As mentioned before, topforexbrokers.reviews offers a thorough, unbiased and honest review on every Forex Broker or CFD Trading Company that is contained in this website. However it is more than precious that real traders who have already tested a Forex Broker with real account express their opinion in our comment section.
We always encourage our readers to participate on the TFBR community, not only by reading our reviews and articles, but moving a step forward by letting their voices be heard.
Section below a Forex Broker Review is free to comment so feel free to offer any helpful piece of advice by sharing either positive or negative experience from Online Forex Brokers.
5.) Security of Funds
6.) Type of Broker
7.) Payments Variety:
8.) Scam History:
9.) Other Aspects:
Countries that Operates:
Customer Support: A helpful and if possible, ever present live chat service must exist. Alternatively, any e-mail sent is answered within a few hours.
Signs of a scam Forex Broker
Be aware of any tempting first deposit bonuses. Some bookies like Canbet used to offer those frequently, in order to lure customers into depositing money and then avoided giving them them their money back, by putting the blame on tech issues.
The most reliable Asian bookies will usually offer payouts close to 97%, while any other bookmaker will stay close to a 92-95% payout on every match. Scam bookies don’t care about payouts and odds, since they do not intent on giving you any winnings. They will offer extremely high odds, like Gobetgo did in the past as well as daily free bet, in order to attract as many players as possible before they grab all their money and make a run for it.High bonuses at the beginning of each season
Some bookies will sometimes offer highly profitable bonuses only during August, when the most popular football leagues are set to begin. Although every bookie has his own promotion policy, bonuses and other offers are generally available to players for the entire season.Spam e-mails
Remember that all the details you give before opening an account in an online bookmaker should under all circumstances remain private. The bookmaker has no right to use them in any way without asking for your permission. If you happen to receive promotional e-mails from a bookmaker, regardless if you’re registered on their website or not, you should proceed with extra caution. Some bookmakers use illegally obtained mailing lists, in order to promote their services.Phone calls
There have been some promotional phone calls from bookies to potential players. Be aware of them and don’t listen to any offers they might give you unless you can verify that they come from a legitimate betting company. You must insist on knowing about where they picked your number from and check if any information they give you can be found on the internet, before proceeding.Users’ reviews/comments
A significant change of a bookmaker’s rating on any reviewing websites should be treated with suspicion. Scam bookies tend to manipulate players’ ratings to improve their score by creating false accounts and giving a high rating on their company.Limited number of payments options
A trustworthy bookie should offer a variety of payment options. If a bookmaker has limited transaction options or shows reluctance when you try to withdraw money (i.e. accepting credit cards for deposit, but will only allow withdrawals to bank accounts) then they are probably masking an expected unwillingness to pay.