Forex Broker Reviews

Tired of fake reviews? ElitesFX gets you only the best and honest Forex Broker reviews that you need to read before trading with any Forex Broker.


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ElitesFX Forex Broker Reviews

ElitesFX in-depth forex broker reviews include detailed information on account data, spreads data, platforms, fees, features, broker background, broker reputation and forex broker information.

Honest Forex Broker Reviews

Choosing the best forex broker requires some time and some research. A good starting point will be at looking on online forex broker reviews. But there are thousands of available brokers, and thousands of reviews online. Not all of the forex broker reviews are created equally, as people get money or commissions by referring traders to forex brokers. Therefore, you will need to be extra careful when reading forex broker reviews online.

In order to provide honest reviews to you, we have came up with a ranking algorithm called ElitesFX score. The ElitesFX score takes into consideration multiple attributes, and each Forex Broker gets a rating on each attribute. Although that the ranking algorithm is kept as private, we ensure you that we are looking on some important elements when doing forex broker reviews.

How we rate Forex Brokers

ElitesFX only reviews Forex Brokers with a good reputation. In order to complete a Forex Broker review, we look into 100+ factors and elements. Some of the things that we look at are:

  • Regulation
  • Location of the broker
  • Physical location of the Forex Broker
  • Where is the Forex Brokers’ headquarters
  • Security
    • Data Security
    • Trading Security
  • How Forex Brokers execute trades
  • Commission and fees
  • Support Languages
  • Support Availability
  • Order Types
  • Deposit required
  • Client funds bank
  • Available Leverage
  • Negative Margin Protection
  • Account Types
  • Trading Platforms
  • Financial Instruments provided
  • Bonuses
  • And many more

We pride ourselves as the provider of honest, unbiased forex broker reviews that can help you get on the right path for your trading success.

Forex Broker Scams

Not all Forex Brokers act upon the interest of their clients. Some of them take at least “unethical” actions against their clients, while some brokers even do illegal things. In order to make sure that we bring to you the best Forex Broker Reviews that you can find on the web, we DO NOT analyze or review brokers that are notorious of shady actions.

This, however, is impossible to control in real-time. For that reason, we prompt you to let us know of any unethical behavior that you have experience from any forex broker that we have reviewed. If we realize that any of the brokers that we reviewed, does something unethical (with real evidence of course) we will mark it so more users are aware of this.

Where to start

If you are just starting out on Forex Trading, we suggest that you start reading our Trading Education portal. We provide detailed articles that can help you excel on your trading. Furthermore, after you are confident on your forex trading knowledge, we suggest that you open a demo account (With one of the forex brokers that are available in your region) and start testing the knowledge that you got from the education.

In the beginning, losing will be more prominent than winning trades. However, as the time goes by, you should be able to refine your strategies and your plans and start leveling up your trading. When this happens, you will be ready to start looking into forex broker reviews, forex rebates and forex bonuses.