Our Background

Compare Forex Brokers was founded in 2014 by Justin Grossbard and Noam Korbl to serve the growing need within the forex and CFD trading community. As online trading gained popularity, many traders found it challenging to choose from the increasing number of brokers, each with different offerings. Our purpose is to simplify the broker comparison process, making it easier for traders to find the right broker for their needs.

We conduct thorough research, analysing key aspects of brokers such as fees, platforms, product offerings, and educational resources, to provide you with clear and concise comparisons. Our aim is to empower traders of all levels, from beginners to experts, with the knowledge to make informed decisions without navigating the complexities of the forex market on their own.

At Compare Forex Brokers, we value transparency and education, offering unbiased reviews that highlight both the advantages and limitations of each broker. This ensures traders can make confident choices, armed with all the necessary information.

Our Mission Statement

Since we launched the CompareForexBrokers website in 2014, our mission has always been the same:

To simplify the process of comparing forex brokers, making it easier for traders to find a match for their trading needs.

Principles Behind Our Vision

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    Innovation & Technology
    Operating in such a rapidly evolving industry, our team ensures that we always stay on top of the latest technology innovations in the online forex brokerage space.

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    Comparisons for traders
    This website is designed primarily for online traders, of all styles and levels of experience, from beginners to experts.

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    Teamwork
    We have a dedicated, knowledgeable and passionate team from around the world who all work together to find the best brokers and distil that information using all available resources at our disposal.

Broker Reviews and Analysis

At CompareForexBrokers, our commitment to providing traders with the most accurate and relevant broker comparisons is underpinned by a comprehensive methodology. Our expert team conducts in-depth analyses, leveraging a multidimensional approach that covers a wide range of criteria to ensure our reviews are both thorough and user-friendly.

In-Depth Evaluation Criteria

  • Trading Costs: Assessment of spreads, commissions, and any additional fees to identify cost-effective trading options.
  • Trading Platforms: Evaluation of platform usability, technical features, mobile app availability, and demo account options.
  • Customer Service: Quality, responsiveness, and availability of customer support through various channels.
  • Regulatory Oversight: Analysis of brokers’ regulatory status and historical compliance with top-tier financial authorities.
  • Market Range: Range of available trading instruments, including forex pairs, CFDs, and cryptocurrencies.
  • Educational Resources: Availability and quality of educational content for traders at all levels.
  • Execution Speed: Testing of order execution speeds and the overall trading experience.
  • Funding Options: Variety and convenience of deposit and withdrawal methods.

Rigorous Testing and Verification

Our technical researchers employ automated tools, such as Expert Advisors, Indicators, and Scripts, to perform objective testing across various platforms and account types. This hands-on testing is complemented by our team’s extensive experience in the forex industry, ensuring our reviews are both accurate and relevant to today’s traders.

Continuous Improvement and Transparency

Updated regularly to reflect the ever-changing forex landscape, our methodology for 2024 ranks 40 brokers across eight categories, ensuring comprehensive coverage of the forex market. Our process is transparent, with updates and changes clearly documented, providing traders with the confidence and trust in our recommendations.

Spread Comparison Modules

In our spread comparison modules, we diligently gather monthly data on average spreads for a variety of currency pairs, alongside trading loss statistics and other pivotal broker metrics. This comprehensive approach enables us to pinpoint the most suitable forex broker for traders across different regions and with diverse trading needs.

By regularly updating this information, we guarantee that our recommendations remain both relevant and specifically tailored, facilitating a direct comparison of the most competitive spreads available in the market.

This allows you to compare the lowest spreads offered by different forex brokers. These spreads are updated each month. (Provide more info about the types of spreads available and testing).

Broker Comparison Tables

Our Broker Comparison Tables underscore the criticality of regulatory compliance, providing comprehensive head-to-head analyses of brokers across various financial jurisdictions. These tables facilitate comparisons of core features among ASIC-regulated brokers in Australia, FCA-regulated brokers in the UK, and CFTC and NFA-regulated brokers in the USA, among others

Our comparison tables enable traders to understand the differences in regulatory environments, highlighting the importance of choosing brokers regulated within their own country versus those regulated offshore. This information helps traders assess the level of protection and security provided by local regulatory authorities compared to offshore ones, ensuring they make informed choices based on the regulatory standards and investor protection measures in place. Our aim is to guide traders towards making decisions that prioritise their safety and the reliability of their trading platform.

Tools and Calculators

At CompareForexBrokers, we offer an essential toolkit for traders, featuring forex calculators such as the Profit, Lot Size, Trading Cost, and the Spread Betting Calculator. These tools are crafted to support traders in strategising and making well-informed decisions. Utilising real-time market data, our calculators provide accurate estimations of potential profits or losses, facilitating comparisons of broker fees and assisting in risk management.

Our calculators are integral for traders looking to refine their strategies, offering insights into the financial implications of their trades. The Spread Betting Calculator, for example, is particularly useful for UK traders, calculating potential outcomes based on bet size and market movements. By leveraging real-time price feeds, our tools ensure precision in calculations, enabling traders to adapt their strategies based on the latest market dynamics.

 

spread betting calculator

spread betting calculator

Calculates profit/loss and margin for UK spread betting.

forex profit calculator

forex profit calculator

Estimates profit in pip value and base currency from trade details.

lot size calculator

lot size calculator

Determines position size in various lot units to manage risk.

forex pip calculator

pip value calculator

Calculates the value of a pip in the deposit currency for risk management.

broker fee comparison

broker fee comparison

Compares spreads and commission fees across major forex pairs and brokers.

margin calculator

margin calculator

Calculates required margin using leverage, trade size, and forex pair.

 

Transparency of Information

At Compare Forex Brokers Pty Ltd (CompareForexBrokers), we are committed to offering detailed and straightforward broker comparisons, underpinned by a transparent approach to the information we provide. Our goal is to help you find the forex broker that best matches your trading requirements. To achieve this, we ensure that our reviews are balanced, presenting both the strengths and weaknesses of each broker to enable you to make an informed decision.

We meticulously review and regularly update the content on our website to ensure that the information provided is both accurate and current. However, we welcome feedback and encourage you to contact us if you notice any discrepancies or outdated information. A member of our knowledgeable team will respond promptly to address your concerns. For more details on our practices and policies, we invite you to read our terms and conditions.

How We Make Money

Our commitment to transparency extends to how we fund our site. We steer clear of accepting payments for positive reviews, ensuring our recommendations are unbiased and serve your best interests. Instead, our revenue comes from commercial partnerships.

Commercial Partnerships

To support our operations and maintain high-quality content, we may receive referral fees when users click on links within our reviews and sign up with a broker. These arrangements are strictly with the brokers, meaning any fees we receive are funded by them, not you. This ensures that signing up through CompareForexBrokers won’t incur any extra costs for you, guaranteeing the same terms as if you had registered directly with the broker. Our priority is your trust and confidence in the accuracy and fairness of our information.

Our (Australian Business Number) ABN is 49 909 258 897 trading as the Trustee for Compare Forex Brokers Unit Trust.

Other Relevant Links

Trust and Safety

Learn why you can trust us, explore our risk disclaimer, and understand our advertiser disclosure. Our commitment to transparency underpins everything we do, ensuring you make informed decisions with confidence.

History of CompareForexBrokers

Delve into the evolution of CompareForexBrokers by visiting our company history page, where we outline our journey and milestones in providing comprehensive broker comparisons.

Meet the Team

Learn about the CompareForexBrokers team. Our team page highlights the experts who guide our content, ensuring it’s helpful and accurate for users.

Career Opportunities

Consider joining our dynamic team. We’re always looking for talented individuals passionate about finance and technology. Explore current openings and how you can contribute to our mission.

Scholarships

At CompareForexBrokers, we’re committed to supporting finance students. Check out our 2024 scholarship program details and how to apply, aiming to empower the next generation of industry leaders.

Industry Data

Journalists can access the latest forex industry statistics and insights by visiting our Industry Data page, ensuring they have the most current information for reporting and analysis.