Regulated By The Financial Service Board of South Africa (FSB), SA forex traders have a choice of local forex brokers South Africa including Forex Time (FXTM) and Khwezi or global brokers such as IG, AvaTrader, FXCM and Saxobank which may also have FCA, CySEC and ASIC regulation.
View The Top 8 brokers in South Africa below.
By Justin Grossbard / Updated: Thursday, December 05th, 2019
Top South Africa Forex Brokers
The best forex brokers for South Africa forex trading are either locally FSCA or ASIC regulated:
Pepperstone – Best Forex Trading Platforms
IC Markets – Broker With The Most Competitive Spreads
FX Pro – Best FSCA Regulated Forex Broker
IG – Best Range Of Financial Instrument Broker
Plus500 – Best Forex Broker For Beginner Forex Traders
FXCM – Best Social Trading CFD Broker
FXTM – Best Foreign Exchange Broker Customer Service
Hot Forex – Highest Leverage South African FX Broker
Pepperstone is an award-winning regulated broker from Australia that accepts clients from South Africa. Clients can choose between a commission-free standard account with spreads for EUR/USD from 1 pip and Razor account with narrow spreads from 0.0 pip and commission of USD$7.00 (round turn) when using the MetaTrader trading platform. Pepperstone allows you to trade 70+ currency pairs with ECN pricing and use MetaTrader 4, 5 and cTrader platform. Leverage is 500:1. Pepperstone offers excellent 24/7 customer service and education tools.
IC Markets is an Australian broker based in Sydney that accepts clients from South Africa. The brokers RAW Spreads account offers ECN pricing. Raw Spreads start at 0.0 pips (EUR/USD) and USD$7.0 commission per standard lot. A commission-free account with spreads starting from 1.0 pip (EUR/USD) is also available. Over 65 currency pairs are available for trade with leverage as high as 500:1. Clients will have access to a wide range of markets including bonds, futures, shares CFD and cryptocurrency with IC Markets.
FXPro is an FSCA regulated broker that owns regulatory licences through a number of international jurisdictions. This makes FXPro unique for South African trader as a client can choose what regulation they wish to be bound by. Trader falling under FCA will be restricted to leverage of 1:30 while other regulators will allow 1:500 leverage. Clients can choose from a range of accounts with different pricing levels, types of execution and trading platforms that suits their needs. This includes MT4, MT5, cTrader and their own platform FXPro Edge and trading execution types such as market and instant.
IG a broker that offers Forex and other derivatives to South African traders. IG is known for offering value spreads which include risk management features. The broker does not charge commissions. Clients can choose from a range of IG proprietary platforms and 3rd party platforms including MetaTrader 4.
Plus500 Australia is an authorised financial service provider in South Africa and applies regulatory policies in line with those required by the Australian Securities Investment Commission (ASIC). Plus500 offers high-value commission-free spreads as their spreads include guaranteed negative balance protection. With spreads for EUR/USD as low as 0.6pip, Plus500 clients can access a wide range of risk management tools, leverage of 1:300 and an extensive range of products such as shares CFD, indices, ETF, commodities and cryptocurrency
HotForex is a MetaTrader platform specialist broker that offers forex and other CFD derivatives. The broker offers a range of account choices with different deposit levels. It's commission-free Micro Account requires only a USD$5 deposit with leverage of 1:1000 and spreads from 1pip. Hotforex also offers a Zero Spread USD $6 commission account. with 0 pip spread. This account has leverage level of 500:1
Forextime (FXTM) is MetaTrader platform specialist that offers a range of Standard or ECN account choices. Account choices have different levels of minimum deposits ranging from $100 to $25,000 with accounts with higher deposits having narrower spreads. FXTM offer leverage as high as 1000:1 depending on your chosen regulator.
Pepperstone has been awarded the prize of having the best forex trading platforms by our team of experts at Compare Forex Brokers. South African residents can enjoy trading with a broker that has international recognition and offer its clients the world’s most popular trading platforms:
MetaTrader 4 or MT4
MetaTrader 5 or MT5
Forex traders have a plethora of options when it comes to choosing the right forex trading platform. But, if you want to scale into being a profitable trader, it’s really important to pick an FX broker that is conducive to that scale.
The online trading platforms offered by retail forex brokers can be classified into two types:
The most popular white label trading solution is the MetaTrader 4 platform. MetaQuote Software is the development company behind the most popular Forex trading platform MetaTrader 4. Around the world, more than 750 brokers and banks offer the MT4 forex trading platform to millions of clients.
South Africa Forex Trading Platforms
FOREX TRADING PLATFORM
MT4 is the the most popular forex worldwide trading platform with automated (EA) functionality
cTrader has Click-and-drag functionality to open and close trades from graphs
Pepperstone uses its own dedicated MT4 servers on its own branded MT4 trading terminal. The MT4 white label solution is time-tested, so it’s safe to trade with Pepperstone.
The second type of trading platform is a proprietary trading platform that is built in-house and only accessible to the clients that sign up with the FX broker trading firm that offers proprietary trading platforms. In-house developed trading platforms offer the latest trading technologies and more advanced tools that are suitable for professional forex traders and more sophisticated investors.
Pepperstone Has The Best Forex Trading Platforms
“After reviewing the whole Forex industry, our team of experts concluded that the global award-winning forex broker Pepperstone offers the best forex trading platforms being the leader when it comes to execution speeds, stability, and range of technical tools offered to its clients.”
Pepperstone MetaTrader4 Trading Platform
The legacy MetaTrader 4 platform is a Forex trading platform that you can trust. MT4 trading platform empowered the FX industry for more than 15 years. While other South African forex brokers offer the popular MT4 platform, South African traders can enjoy a safer and more stable trading environment through the Pepperstone MT4 trading platform.
South African retail investors can trade with confidence on one of the best forex trading platforms in the market.
Our team at Compare Forex Brokers reviewed all the brokers in South Africa offering free online trading platforms, but none came close to the key features and benefits offered by Pepperstone MetaTrader 4 platform.
Pepperstone MT4 Platform Top 3 Features
Pepperstone Lightening-fast Order Execution
Pepperstone forex broker understands that ensuring ultra-fast order execution can help you never miss out on the currency price you want. Pepperstone MT4 is engineered to deliver execution speeds that can be 12x times faster than other forex brokers in South Africa. Pepperstone can guarantee orders to be executed in less than 30 milliseconds.
Pepperstone MT4 Sub-accounts
MetaTrader 4 offers the possibility to have sub-accounts. This allows forex traders to build different portfolios and focus on different types of trading strategies on each of these sub-accounts.
Pepperstone Wide Range of Technical Tools and Features
The MetaTrader client terminal offers access to a wide range of customizable technical tools including:
28 Smart Trader Tools designed to enhance your trading experience.
Our favorite Smart Trader Tools include the alarm manager, the correlation matrix and the market sentiment ratings.
Customizable MT4 Layout
+2,000 built-in indicators and Expert Advisors EAs
Automated trading features enable efficient algorithmic trading
Autochartist tool keeps you up to date with the current market trends
Additionally, Pepperstone offers the MetaTrader 5 platform which is an improved version of the most popular MT4 platform. In addition to the basic MT4 trading feature, the Pepperstone MetaTrader 5 is designed for superior analysis of the foreign exchange market.
The key MetaTrader 5 features favored by our team of experts are listed below:
Faster processing times
Complex order types (+500 total orders)
Advanced and customizable interface
Good selection of custom time frames (+21 time frames)
Pepperstone cTrader Platform
cTrader is a very high-tech trading platform designed for experienced forex traders. Professional traders use this terminal software because of the wide range of markets available for trading, which includes the most popular instruments: forex and CFDs.
cTrader interface professionalism adds a pro trader feeling to the overall vibe.
South Africans can trade with the new cutting-edge platform cTrader by opening an account with Pepperstone. Pepperstone is in the process of obtaining its license from the Financial Sector Conduct Authority FSCA which will allow South African traders to open a ZAR account. Until then, the Pepperstone base currencies available are: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
Our team of experts believes that cTrader users can enjoy the latest trading technologies. Pepperstone cTrader platform is equipped with advanced trading capabilities such as:
No dealing desk execution
Depth of Market
Multiple take-profit order capability
All-inclusive educational videos accessed inside the platform
Our Pepperstone cTrader platform review detected that this advanced FX trading platform never crashed or even freeze during important economic news releases. The multi-asset platform cTrader empowers technical traders due to its more powerful advanced charting package. It’s easy to navigate through all the cTrader windows, which keeps you focused on the currency market. On top of that algo forex traders have access to the widespread programming language c-sharp.
South African traders seeking to take advantage of the ZAR currency pairs can enjoy transparent pricing through Pepperstone cTrader. Pepperstone cTrader aggregates the FX prices from tire-one banks and liquidity providers and gives traders direct market access through its Electronic Communication Network (ECN).
Pepperstone Best Trading Platform Conclusion
With headquarters in Melbourne, Pepperstone has a global presence with offices around the world. There is no legal requirement for international brokers operating in South Africa to be regulated by the Financial Sector Conduct Authority FSCA if they are licensed by other global financial regulatory bodies. Pepperstone has the advantage of being regulated by top tier financial authorities like ASIC Australia and the FCA in the United Kingdom, making it a safe broker. On top of that, Pepperstone is in the process of obtaining its FSCA regulation adding an extra level of protection from the South African government.
The status of Pepperstone’s FSP Application is still pending. However, once Pepperstone is granted a FSCA regulation, it can establish a physical presence in South Africa. You can check which brokers are regulated by the Financial Sector Conduct Authority FSCA directly on the FSCA website.
Pepperstone understands that nowadays people live on the go, which is why Pepperstone’s trading platforms are also available on iOS and Android mobile devices, including the proprietary trading platform WebTrader which is accessible from your web browser. The good news is that you can mix and match Pepperstone trading platforms to fit your trading needs.
The forex market has the unique advantage of offering extremely low transaction costs when trading currency pairs. South African traders can buy the South African Rand or other major currency pairs through an FX broker. Online brokers will normally charge a fee, for executing buy and sell orders, which is the cost associated with doing business in the currency market.
Forex brokers in South Africa can offer four types of fee structures:
And a combination of the above
This is how FX brokers make money by facilitating forex trades in the foreign exchange market. Leading forex brokers will offer their clients different trading account types based on their initial deposit. Usually, the bigger the minimum deposit is the lower the forex fee structure can be.
The market maker brokers tend to charge spread with all their costs bundled into a wider spread. On the other hand, ECN brokers (Electronic Communication Networks) or STP brokers (Straight Through Processing) give forex traders direct access to their liquidity providers and charge FX traders a commission for that privilege. A commission is a dealing fee charged each time you place a trade on the foreign exchange market.
Not all FX brokers are created equal and retail investor accounts can be charged different types of spreads and commissions. IC Markets is among the best forex brokers offering competitive spreads for South African residents.
IC Markets – Lowest Spread Forex Broker in South Africa
Our team of experts reviewed the top forex brokers in South Africa and concluded that IC Markets offers the lowest spreads on major currency pairs and CFDs financial instruments. The IC Markets execution model offers South African traders the advantage to scalp the FX market with raw spreads and no mark-ups.
IC Market offers three different types of forex trading accounts:
IC Market cTrader Raw Spread:
Spreads from 0.0 pips, no mark-ups
Commission per lot $3 (or $6 round-turn)
Main trading platform: cTrader
Suitable for day traders and scalpers
IC Market Raw Spread:
Spreads from 0.0 pips, no mark-ups
Commission per lot $3.5 (or $7 round-turn)
Main trading platform: MetaTrader 4 and MT5
Suitable for EAs and scalpers
IC Market Standard account:
Spreads from 1.0 pips
Main trading platform: MT 4 and MT5
Suitable for discretionary traders
Retail investors can enjoy on the IC Market ECN trading accounts low spreads due to its diverse pool of liquidity providers. On the Raw Spread account, you can benefit from the tightest spreads in the FX industry that are close to zero.
In the table below you can examine the typical IC Markets spreads for the major currency pairs including the USD/ZAR exchange rate.
The average spread on the most popular currency pair EUR/USD was 0.1 as measured for their ECN Raw Spread account, while the South African Rand average spread was 23.8 and it can go as low as zero spread. The commission amount is charged per each $100,000 traded (1 standard lot) and you can be charged either $3 or $3.5 per one side depending on your account type.
The table below compares the spreads of the most popular currency pairs traded by South African forex traders.
Comparing Spreads with other South African Forex Brokers
IC Markets (RAW)
Additional Forex Cost Bonuses of IC Markets
IC Markets single stock CFD products that are exclusively available through the MetaTrader 5 platform can earn you dividends. South African residents need to be aware that non-US residents are required to be taxed on dividend earnings. The applicable withholding taxes are automatically deducted by IC Markets so you don’t need to handle them by yourself.
The ECN market environment allows SA Forex traders to save on the extra cost that comes with the market maker brokers, as no dealing desk is involved in the trading process.
Additionally, the deep pool of over 25 different liquidity providers guarantees no slippage on your buy and sells order fills. This can be another major trading cost in forex that can be avoided if you trade with IC Markets forex broker.
South Africa Lowest Spread Broker – Conclusion
The spread and commissions you will be charged will be determined by the account types and trading platforms you’re using. Our team at Compare Forex Brokers was really impressed by the extensive range of trading CFDs instruments available for South African residents. It’s safe to say that South African traders can trade with the tightest spreads in the world by choosing IC Markets.
FxPro puts a lot of awareness on the high-risk factors involved with the use of high leverage. Our team of experts considered this to be critical for high leverage FX brokers operating in South Africa. FxPro offers the standard leverage of 500:1. Other CFD brokers offer lower levels of leverage. AvaTrade only offers 400:1, while FXCM accounts come with a 400:1 leverage on FX and 200:1 leverage on CFDs.
There are three key reasons why FxPro is the best high leverage South African forex broker.
Negative balance protection
Inappropriate use of leverage can lead to your losses exceeding your account balance. When evaluating forex brokers in South Africa, it’s important to consider a broker that offers a negative balance protection account. All FxPro forex account types come with negative balance protection, ensuring SA traders won’t lose more than the total deposits.
Overleveraging is a big issue amongst retail traders, which is why it’s important to have flexible leverage, which allows SA forex traders to adjust the level of leveraged being used. Trading complex instruments such as leveraged CFD products carries a high level of risk. The FxPro live account comes with flexible leverage starting from 1:1 up to 1:500.
Additional Risk Minimization Features
CFD trading comes with a high risk of losing money rapidly due to leverage. FxPro additional risk minimization features to combat losing your money comes in the form of reduced leverage for exotic pairs like ZAR and only offers a maximum leverage of 100:1 for the South African Rand.
Summary Of Why You Would Choose FxPro
FxPro Financial Services Limited is licensed and regulated by the South Africa Financial Sector Conduct Authority FSCA formerly known as the FSB (Financial Services Board). Financial regulation was the focal point in our review process, as leveraged instruments such as Forex and CFDs carry a high risk to lose money when trading.
While local regulation is not necessary, it’s far more important that FxPro enjoys global recognition from top-tier financial institutions:
Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Dubai Financial Services Authority (DFSA)
Securities Commission of The Bahamas (SCB)
South African forex traders have their rights protected when trading with a regulated broker. Regulated forex brokers have an extra layer of trustworthiness because you can have access to independent dispute resolution systems to solve any conflict between SA traders and the FX broker.
Hot Forex = Highest Leverage Forex Brokers
Forex trading is a lucrative business that offers SA forex traders a great opportunity to make quick money due to the high level of leverage offered by FX brokers. Trading leverage CFD instruments also carries an inherent risk because any small change in the foreign exchange rate may translate into big loss or damage resulting in your account balance.
Leverage can differ in size and can be controlled by three main factors:
The forex account types you have
The FX broker you trade with
And the standard leverage imposed by South Africa regulation.
Trading forex in South Africa doesn’t have the same strict regulations that can be found in the USA or Europe when it comes to imposing a limitation on the leverage used by South African traders. Different South African forex brokers offer a different level of leverage.
IC Markets Leverage
IG Markets Leverage
25:1 to 200:1
The standard leverage in the Forex markets available for South African residents is 500:1. Forex brokers in South Africa offering astronomical leverage as high as 3000:1 can be portrayed as scams.
Forex accounts are not suitable for all investors due to the increased risk to lose money when trading CFDs. The best South African Forex brokers additionally to the standard leverage offered, they should also provide forex traders with the right risk management tools to cope with the high degree associated with trading CFDs.
IG Markets = Best Range Of Financial Instrument Broker
IG one of the oldest forex brokers and the world’s top CFD providers with over 16,000 markets is another option for SA forex traders that our team of experts endorses. IG range of markets can give you access to:
26 major world stock indices
80 FX pairs
Over 12,000 shares
6 hard and soft commodities
Other markets, including bonds and interest rates
While IG markets South Africa only offers a maximum leverage of 200:1, it should be noted that SA traders can have access to a wide range of trading markets that can’t be found anywhere else. Additionally, IG share trading comes with comes with its stockbroking services.
The anatomy of a retail Forex broker that accommodates beginner traders need to come with several key features and benefits. We evaluated all forex brokers in South Africa for its regulation, educational section, and trustworthiness. Our winner, Plus500 offers unlimited access to educational resources. Furthermore, FX broker Plus500 offers easy access to training guides that provide a trading course to understand how CFDs work.
1) Forex Educational Videos
Pluss500 also has a rich library of trading webinars that will keep you up to date with the latest developments in the forex markets so you won’t lose money when trading. Additionally, Plus500 offers one of the best video forex trading guides library that will equip the novice trader with the right knowledge to navigate the forex markets.
2) Easy-to-Use Forex Platform
Key points about Plus500 include the fact that it has an easy-to-use proprietary trading platform designed for beginner traders. Plus500 trading platform offers a portfolio of over 2,000 instruments, which are also accessible through one of the highest-rated CFDs trading Apps.
HotForex – Best Forex Webinars
HotForex was our second pick for the best forex broker offering robust educational content for South African novice traders. The Forex educational resources offered by HotForex can be broken down into three sections:
HF markets eCourse in forex, which is the complete forex guide for beginners
HF markets video tutorials provide a great range of Forex educational videos
Live Webinars provide you with the latest market news, forecasts, and constant market analysis reports
HotForex is a safe broker for South African traders being regulated by major regulatory bodies, including CySEC, FCA, DFSA, FSA and has licence from the Financial Sector Conduct Authority (FSCA) in South Africa. On top of that, HF Markets (Europe) Ltd has registration in other jurisdictions all across Europe.
South Africa’s Best Forex Training Broker – Conclusion
With offices around the world, Plus500 is regulated in South Africa and registered as an Authorised Financial Services Provider #47546 with the Financial Sector Conduct Authority (FSCA). The FSCA regulation adds an extra layer of trustworthiness which was included in our evaluating process of the best forex training broker for beginner traders operating in South Africa.
You can read the full Plus500 Review to learn more about the other key features and advantages for beginner traders.
FXTM = Best Foreign Exchange Broker Customer Service
The forex customer support service is definitely the cornerstone of a respected FX broker. All forex brokers offer customer service for their clients, but not all forex brokers in South Africa can be proud to offer high standards for client satisfaction and customer service. Our team of experts has chosen award-winning broker ForexTime FXTM as the best foreign exchange broker because it’s offering superior customer support.
Three key features make ForexTime FXTM customer support service an excellent experience:
Super-Fast Client Approval Process
Your Forex account will get approved very quickly after a successful verification process that complies with the domestic financial regulatory body. FXTM prides itself on processing all forex accounts in less than 12 minutes. ForexTime (FXTM) follows the standard registration process that required some basic IDs for identification purposes.
Funds Processed in 5 Minutes
Funding an account with ForexTime is fast and can be done through different deposit methods. FXTM prides itself on processing more than 84% of the funds within 5 minutes.
If you have any questions in regards to the deposits and withdrawals, FXTM client support team will answer all your queries.
90% Positive Feedback
FXTM’s award-winning customer service enjoys recognition from its customers receiving more than 90% positive feedback. Help desk and live chat FXTM representatives offer exemplary customer service. FXTM team provides unmatched technical support which helps ForexTime clients better understand the products and services offered by FXTM.
Multilingual Customer Support
As an international broker, FXTM has a dedicated customer support service that comes in over 30 languages. There is no language barrier, which enables FXTM to answer effectively to your needs. The ability to communicate in your native language may lead to fast response times and your need to be resolved more efficiently.
There is a range of methods you can contact the FXTM customer support including:
Including various social media
On the other side of the spectrum, eToro offers a poor customer support service. If you’re a self-reliant trader with no need for outside help then this won’t be a negative factor. However, if you are a beginner trader that needs additional help in understanding all the products and services that come with online trading, FXTM is a better fit for your needs.
South Africa Best Foreign Exchange Broker Customer Service – Conclusion
Our team of experts at Compare Forex Brokers concluded that FXTM is the best FSCA regulated broker in terms of customer service responsiveness and client satisfaction. Overall FXTM is the winner broker of the best customer service category due to the outstanding service that is supervised by the local South African regulation. ForexTime (FXTM) is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.
The FXTM statistics are transparent and verified by PwC, one of the world’s biggest auditors.
The best forex broker in South Africa is IG Markets, the world’s biggest CFDs provider.
Our team of experts used three review criteria to classify which is the best forex broker in South Africa:
Safety, which comes in the form of FSCA regulation and global regulatory body
Ease-of-use trading platform and fast order execution
Access to a wide range of financial instruments
Low transaction costs: low spreads and low commissions
View the full IG Markets review including the top three strengths, which makes IG Markets the number one choice for South African traders.
Which brokers have a ZAR account?
HotForex accounts allow South African residents to open an account denominated in the domestic currency ZAR (South African Rand). Deposits and withdrawals in ZAR (Rand) are available across all 8 different account types offered by HotForex. Unlike international bank transfers, the wire bank transfers between South African residents and FX brokers are fast and cheaper if they come from local bank accounts.
HotForex is a highly-regulated forex broker being licensed by major global regulatory bodies, including FCA, CySEC and the FSCA. The robust regulation guarantees client funds protection and a secure and transparent trading environment for SA traders.
According to the South African Revenue Service (SARS), the Forex trading profits are treated as gross income and thus SA traders are liable to pay income tax. South African residents are required to declare their worldwide Forex profits in their tax returns, including profits made through offshore Forex trading accounts. The legal tax obligation for South African traders can range between 18% and 45%. The tax rates are determined based on a taxable income threshold and individual age.
Are there any ecn forex brokers in South Africa?
The best ECN forex broker in South Africa is ForexTime (FXTM). The FXTM ECN account gives you access to the best bid and ask prices aggregated from top-tier banks and major financial institutions. ForexTime Electronic and Communication Network (ECN) environment comes with several advantages, including anonymity, price transparency, award-winning ultra-fast order execution, low variable spreads, and no-requotes.
Which forex broker has the best spreads in South Africa?
Compare Forex Brokers’ top pick for the best SA forex broker based on the low spreads is IC Markets. IC Markets is able to offer SA traders leading spreads due to a combination of factors, including its high performing platform that employs advanced technology and deep liquidity providers including 25 top-tier banks and global financial institutions.
On the IC Markets cTrade Raw Spread account, SA trades can enjoy the tightest spreads in the Forex industry. The spreads are as low as 0.0 pips for most major currency pairs like EUR/USD including the USD/ZAR currency pair that can have a low spread of 0 pips.
To find out more why IC Markets has the lowest spreads in the Forex industry, please read our full IC Markets review, which includes the top 3 strengths and weaknesses.
More about the Financial Service Board of South Africa (FSB)
The Financial Sector Conduct Authority or FSCA is formerly known as the Financial Services Board (FSB) is the local regulatory agency for Forex and CFD providers in South Africa. FSCA’s main duty is to maintain a fair and safe trading environment for South African residents. While international broker firms offering their service to South African residents are not obligated to be licensed by South African institutions, SA traders can enjoy an extra layer of protection if their funds are held by local banks. You can FSCA only firms on our SA best forex broker page. If you want to have ZAR as your base currency when trading then we also recommend you view our ZAR brokers comparison page.
Global recognition from top tier regulation (FCA, ASIC, CFTC, CySEC, or FSB) is far more important than domestic FSCA regulation.
All FSCA regulated Forex brokers come with a list of benefits including:
Audits ensure transparency
Risk warnings and other precautionary measures
Anti-money laundering protection
South African traders should factor in all the high risks associated with trading leveraged products before investing real money. The potential and unnecessary risks can be eliminated by gaining the right knowledge and by opening a demo account to sharpen your trading skills.
Our review process focused on financial regulation reliability in order to establish what are the best Forex brokers for South African residents. Our team of industry experts at Compare Forex Brokers is dedicated providing our readers with objective and all-inclusive online FX brokers reviews. While forex trading is a very lucrative business endeavor, trading on the currency market involves substantial risk of loss and it’s not suitable for all investors.