CompareForexBrokers was founded in 2014 by Justin Grossbard and Noam Korbl with one goal in mind, to give traders genuinely independent guidance on choosing a broker. Over the past decade, that mission has grown alongside the site itself, and we now score 75 brokers across every major region, from North America and Europe to the Middle East and Asia Pacific. You can read more about our history on our Wikipedia page.
As the oldest forex-focused comparison site in Australia, we have spent a decade refining how broker information is presented, turning hundreds of data points into plain language reviews, easy-to-read tables, and visual tools. The result is a resource that spares our readers from having to comb through hundreds of pages of seemingly identical web copy to find the answers they need.
Every review includes custom tables summarising each broker’s key features, updated monthly, and often more frequently, so the information you’re reading reflects current conditions, not last year’s pricing.
Today, our team tests brokers under the standards defined in our methodology, and two tests are on record. One is the 2026 execution test, which we ran on MetaTrader 4 demo accounts, and the other is the account-opening test, in which we first opened demo accounts at 16 brokers and then upgraded them to live standard accounts.
Unique Broker Comparison Tools
At CompareForexBrokers, we know that your budget plays a significant role in choosing a broker. After all, why spend more on spreads and commissions than necessary to meet your objectives? We offer several unique comparison tools not available elsewhere to help our readers quickly compare trading costs between brokers.
Below is our spread module, where we collect the average spreads brokers publish on their websites.
Maintaining these tools takes a fair bit of effort on our part. On the first of each month, we verify our data with brokers to ensure all information remains up to date and accurate.
We also know it is not easy to calculate your trading costs, so we’ve developed a “Commission Module”, where we add spreads and commission costs together to provide you with a big-picture view of what you can expect to pay working with a given broker.
Our Editorial Process
Our team creates reviews and guides with assistance from large language models (LLMs) and other data aggregation services and testing tools. The team decides what is published, the ratings methodology and the ranking rules. Justin Grossbard, Co-Founder and CEO, is the named author on the site’s reviews and guides. Our 2026 execution test used Expert Advisors on MetaTrader 4 demo accounts, which were not funded accounts, at 36 brokers over two 30-hour periods, and measured the average time in milliseconds from placing a limit or market order to its execution, with network latency (ping) subtracted.
How we collect data Our team records broker information in a scoring workbook, where each broker is scored in eight categories (trading costs, trading experience, trust, trading platform, customer service, range of markets, education and funding), each built from sub-criteria, and the weighted total is the broker’s published rating out of 100. Our figures come from brokers’ own websites, documents and published fee schedules, from regulators’ own registers and rule documents (with the date each was read), and from third-party data services named on the page that uses them. Spreads in our comparison table are each broker’s own published figure, labelled with what it is.
Spread verification
We record and verify spread data for major forex pairs monthly. This gives our readers an accurate picture of the real trading costs they can expect, because cost is arguably the single most important factor in choosing a broker, directly impacting your bottom line.
Review and fact-checking workflow.
David Levy, Head of Content, manages the site’s content: he cross-checks figures, refreshes existing content, maps out the content calendar and keeps the writers on track. A page shows a fact-check credit only after David has checked that version of the page, and each check is recorded in a sign-off register with David’s date and the scope of what he checked. If the page later changes in substance, the credit comes off until he checks the new version.
How often we update
We conduct a full review cycle annually, typically in January, reassessing every broker against our full 100+ point framework. In addition, we update individual reviews on an ad-hoc basis whenever material changes occur, such as regulatory changes, fee restructures, platform updates, or ownership changes. Our goal is that no significant change goes unrecorded for more than 30 days.
Our Commitment: Honest Evaluations
An honest evaluation of the brokers is something our readers should expect; measures we have to achieve this include:
We are a Corporate Authorised Representative of an AFS Licence
Unlike most similar websites, CompareForexBrokers are a Corporate Authorised Representative (No. 001274082) of Bardin Capital Pty Ltd (ACN 074 938 364, AFSL no. 247858).
Why did we do this? Because we understand the significance of retail investing and believe we should be accountable to our readers for the information we publish. While we are not authorised to provide financial advice, we recognise that our reviews and opinions may impact individual investor choices and have chosen to pursue a licence as an acknowledgement of the trust shown by our readers.
Compare Forex Brokers Pty Ltd is an Authorised Representative of Bardin Capital Pty Ltd Australian Financial Services Licence No. 247858 (A/R No. 001274082).
We’re Fully Independent and Privately-owned
CompareForexBrokers was founded by Justin Grossbard and Noam Korbl. Justin and Noam continue to remain the sole owners and have turned down multiple offers to sell the website.
As a certified B Corporation, we are independently assessed against standards of accountability and transparency, a formal commitment to operating in the interests of our readers, not our commercial partners.
CompareForexBrokers always has been and will continue to be an independent source of information for traders. Our conscience dictates our content, not a corporate marketing plan.
We Take Regulation Seriously
We understand the importance of being able to choose a broker you can trust, a broker that will keep your funds safe. The Forex industry does have a reputation for having brokers that will take your funds and disappear or offer services they don’t truly deliver; while it is true that this reputation was deserved in the past, the industry nowadays has cleaned up significantly. A large part of this is because financial regulators in many countries require the broker to have a licence to offer brokerage services in their country, and this means the broker must abide by the regulatory requirements set by the body that oversees the financial requirements in that market. For this reason, we only recommend regulated brokers and, in most cases, brokers with regulations specific to the country being reviewed.
We Are A Certified B Corporation Firm
B Corp certification is awarded to businesses that meet rigorous standards of social and environmental performance, accountability, and transparency. Unlike a standard business accreditation, it requires companies to demonstrate they operate in the interests of all stakeholders, not just shareholders.
For CompareForexBrokers, pursuing this certification was a deliberate choice, a formal, independently verified commitment that our editorial decisions are driven by what is best for our readers, not our commercial relationships. For you as a trader, it means the independence we claim is not just a promise, it is assessed and held to account by a third party.
Our Community: Traders
While comparison websites existed prior to our debut in 2014, we believe that CompareForexBrokers was the first site devoted solely to evaluating online forex brokers. Because we’ve specialised in forex since day one, we focus on what we know best: brokers and trading platforms.
We’re here first and foremost for retail traders, whether you’re opening your first account or comparing execution speeds across platforms.
In the Media
Our analysts contribute to major international financial publications. Justin Grossbard, co-founder of CompareForexBrokers, is a regular contributor to Kiplinger and has been quoted as an industry expert by major Australian mastheads including The Age on the risks of copy trading and the Australian Financial Review on forex broker execution speed. Our research has also informed broker coverage at CBS News.
Other Relevant Links
About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.
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