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Discover comprehensive sentiment analysis for 36 forex brokers. Compare ratings, reviews, and trader insights to make informed decisions.
36 Brokers Found
AvaTrade
The overall feedback for AvaTrade shows a predominantly positive sentiment with customers praising excellent customer service, particularly from account managers like Alev Nazli, Ron Harari, Emma Hadar, and others. Users appreciate the quick response times, professional support, user-friendly platform, and educational resources. However, there are significant concerns about withdrawal issues, with multiple customers reporting delays, rejections, and in some severe cases, complete loss of funds due to alleged 'arbitrage activity' or account closures. The platform's technical stability is also questioned, with reports of login issues and system glitches during critical trading moments.
AximTrade
The reviews reveal a predominantly negative sentiment towards AximTrade, with serious concerns about withdrawal issues, potential scam activities, and company management problems. Multiple customers report being unable to withdraw funds for months, with amounts ranging from small to significant sums. There are allegations that CEO Kelvin Tang has absconded with funds, leaving employees unpaid and the company in financial distress. However, there are some positive reviews praising customer service, fast deposits, low spreads, and trading platform features. The mixed feedback suggests a company that may have provided good service initially but has experienced severe operational and financial difficulties.
Deriv
The overall feedback for Deriv is predominantly positive, with customers praising the platform's fast withdrawals, excellent customer support, user-friendly interface, and 24/7 trading capabilities. Users particularly appreciate the synthetic indices, low spreads, quick deposit/withdrawal processes, and responsive live chat support. However, there are recurring concerns about market manipulation, verification delays, platform glitches during high-impact news, and withdrawal processing issues. The customer service team receives high praise for being professional, patient, and helpful, though some users report slow response times. Many long-term users (3-10+ years) express strong loyalty to the platform despite occasional technical issues.
eToro
The reviews show a mixed experience with eToro, with significant polarization between highly satisfied users and those facing serious issues. Positive feedback frequently highlights the user-friendly platform, excellent account manager support (particularly for higher-tier members), social trading features, and exclusive events. However, there are concerning patterns of account restrictions, withdrawal delays, verification issues, and poor customer service responsiveness. Many negative reviews cite funds being held for extended periods, account freezes without clear explanations, and difficulties accessing money. The platform appears to work well for users who don't encounter issues, but when problems arise, resolution can be extremely challenging.
Exness
The reviews show predominantly positive sentiment towards Exness as a forex and crypto trading platform. Users consistently praise the platform's ease of use, fast execution, competitive spreads, and quick deposit/withdrawal processes. The platform is particularly appreciated by beginners for its user-friendly interface and demo account features. However, there are notable concerns about withdrawal issues, technical problems during peak trading hours, customer service quality, and some users reporting scam-like behavior. The Islamic/swap-free account option is highly valued by Muslim traders. While most users report smooth experiences, the negative reviews highlight serious issues with fund access and customer support responsiveness.
FBS
FBS receives predominantly positive feedback from users, with customers praising the broker's fast deposit and withdrawal processes, user-friendly platform, and reliable customer service. The majority of reviews highlight FBS as a trustworthy broker with competitive spreads, good execution speed, and excellent support for beginners. However, there are some concerns about withdrawal delays, high spreads during certain market conditions, commission fees, and occasional technical issues. Some users report problems with document verification and account access, while others appreciate the low minimum deposit requirements and educational resources.
FP Markets
The reviews show overwhelmingly positive sentiment towards FP Markets, with customers consistently praising the platform's customer support, fast response times, and professional service. The support team, particularly agents like Chris Konstantinou, Chrisinos, Valters, Sofia, Monica, and others, receive frequent commendations for their helpfulness, patience, and efficiency. Customers appreciate the quick resolution of issues, 24/7 availability, and knowledgeable staff. The platform is praised for its user-friendly interface, tight spreads, fast execution, and reliable withdrawal processes. However, there are some concerns about high fees, withdrawal delays, verification processes, and occasional technical issues with deposits and spreads.
FundedNext
FundedNext receives overwhelmingly positive feedback from customers, with particular praise for their fast payout system (often within 24 hours, sometimes as quick as 3-10 hours), exceptional customer support, and transparent trading rules. Users consistently highlight the company's reliability, professionalism, and trader-friendly policies. The platform is praised for its competitive spreads, fair challenge conditions, and user-friendly interface. However, some negative experiences include account terminations for alleged rule violations, issues with margin usage rules, and occasional technical problems. Despite these concerns, the majority of reviews indicate high satisfaction with FundedNext's services.
FxPro
FxPro receives mixed but generally positive reviews from customers. The broker is praised for its reliability, multiple trading platforms (MT4, MT5, cTrader), educational resources, and fast execution speeds. Customers appreciate the variety of account types, tight spreads on major pairs, and professional customer support. However, there are significant concerns about withdrawal delays, with many customers reporting extended processing times ranging from several days to weeks. Some users also complain about high spreads on certain instruments like cryptocurrencies and metals, complex fee structures, and occasional technical issues. The educational content receives high praise, particularly the collaboration with CME Group. While many customers trust the broker's regulation and safety measures, withdrawal issues appear to be a recurring problem that affects customer satisfaction.
GoFx
The reviews reveal overwhelmingly negative experiences with GoFx, with customers consistently reporting it as a scam platform. Major issues include inability to withdraw funds, non-functional customer support, rejection of verification documents, and failure to credit deposits. Multiple reviewers explicitly warn others to stay away from the platform, describing it as untrustworthy and fraudulent. The platform appears to have systematic issues with document verification processes and complete lack of responsive customer service.
HFM
HFM receives overwhelmingly positive feedback from customers, with particular praise for their exceptional customer service, fast deposit/withdrawal processes, and user-friendly platform. The majority of reviews highlight the responsiveness of support staff, competitive spreads, and educational resources. However, there are some concerning negative reviews mentioning account closures, withdrawal delays, and platform manipulation issues that affect a small portion of users.
IC Markets
The overwhelming majority of customer reviews for IC Markets are highly positive, with customers consistently praising the company's exceptional customer service, fast response times, and professional support staff. Key strengths include ultra-fast customer support (often resolving issues within minutes), knowledgeable and friendly agents, smooth withdrawal processes, competitive spreads, and reliable platform performance. Customers frequently mention specific support agents by name (Antonio, Jonathan, Dionysis, Adrian, Carmen, Nikolas, John) who provided outstanding service. The broker is praised for its regulated status, low spreads, fast execution, and 24/7 support availability. However, there are some concerning negative reviews mentioning withdrawal delays, verification issues, technical problems, and in rare cases, allegations of fund manipulation or account closures.
IG Markets
The aggregated reviews reveal a significantly polarized customer experience with IG.com. While customers consistently praise the platform's functionality, user interface, and individual customer service representatives (particularly Samsun Hunter, Venkat, Sebastian, and others), there are pervasive issues with service consistency and operational processes. The trading platform itself receives high marks for its comprehensive features, reliability, and ease of use, with customers appreciating the wide range of trading instruments, competitive spreads, and professional tools. However, the customer experience is severely undermined by systematic problems including lengthy wait times, withdrawal complications, account verification delays, and inconsistent service quality. Many customers report feeling that IG prioritizes acquiring new customers over supporting existing ones, with particular frustration around fund withdrawal processes and unexpected account management issues.
InstaForex
The analysis reveals a predominantly negative sentiment towards InstaForex, with major concerns centered around withdrawal difficulties, verification problems, and bonus-related issues. While some customers praise the platform's educational resources, customer support responsiveness, and trading conditions, the overwhelming majority of reviews highlight serious problems. The most frequent complaints involve delayed or denied withdrawals (often taking weeks or months), complex and seemingly deliberately obstructive verification processes, and misleading bonus terms where profits from bonuses are removed upon deposit. Many customers describe feeling scammed, particularly regarding the startup bonus program where profits are converted to deposit bonuses rather than being withdrawable. Despite some positive feedback about spreads, execution speed, and platform usability, the broker's reputation is severely damaged by systematic issues with fund access and transparency.
Interactive Brokers
Interactive Brokers receives predominantly negative feedback despite having some strong competitive advantages. While customers consistently praise the platform's exceptionally low fees, comprehensive trading tools, and extensive global market access, these positives are significantly overshadowed by severe operational challenges. The most critical issue is extremely poor customer service, with users reporting wait times of 30-60+ minutes, unresponsive support staff, and difficulty reaching human representatives. Technical problems are widespread, including platform crashes during critical trading moments, account lockouts due to authentication issues, and withdrawal delays lasting weeks. The platform's complexity, while appreciated by sophisticated traders for its professional-grade features, creates substantial barriers for retail investors. Despite IBKR's competitive pricing and extensive product offerings, the overwhelming volume of service-related complaints and operational difficulties suggests systemic issues that significantly undermine user satisfaction and trust.
IQ Option
The overall feedback for IQ Option is predominantly positive, with users praising its user-friendly interface, fast execution, and educational resources. Many reviewers appreciate the platform's simplicity and accessibility for beginners, along with the demo account feature. However, there are significant concerns about withdrawal issues, customer support responsiveness, and account verification problems. While the majority of users report positive trading experiences and successful withdrawals, a notable minority express frustration with delayed or blocked withdrawals, particularly when they become profitable.
IUX Markets
The reviews reveal a highly polarized experience with IUX Markets. While some users praise the platform for its low spreads, fast withdrawals, and user-friendly interface, a significant portion of reviews highlight serious concerns about withdrawal issues, account freezing, and alleged fraudulent practices. Many customers report having their accounts frozen, profits confiscated, and deposits withheld without clear explanations. The broker appears to have particular issues with IP address policies and withdrawal processing, with numerous complaints about funds being seized under questionable circumstances. Positive reviews often mention successful withdrawals from no-deposit bonuses and competitive trading conditions, but these are overshadowed by the volume of fraud allegations and withdrawal difficulties.
JustMarkets
The reviews reveal a complex picture of JustMarkets with significant polarization. While many customers praise the platform's competitive spreads, fast execution, high leverage options, and helpful customer service, there are substantial concerns about withdrawal delays, deposit processing issues, and alleged fraudulent practices. Positive feedback highlights instant withdrawals (especially crypto), tight spreads, 24/7 customer support, and user-friendly platform features. However, negative reviews frequently mention delayed or cancelled withdrawals, deposit funds not being credited, account restrictions, and accusations of market manipulation. The customer service quality appears inconsistent, with some agents receiving high praise while others are criticized. The platform seems to work well for some users but creates significant problems for others, particularly around fund management and withdrawal processes.
Lirunex
Customer reviews reveal a deeply concerning pattern of issues with Lirunex broker. While some users praise aspects like low spreads, fast execution, and withdrawal speed, a significant portion of reviews describe serious problems including withdrawal denials, account closures, profit confiscation, and alleged scam activities. Many customers report being unable to withdraw their funds, with the broker citing various reasons like AI/robot trading violations or demanding excessive documentation. Copy trading issues are particularly problematic, with multiple users reporting automatic unsubscriptions and profit losses. The positive reviews often mention good spreads, fast deposits, and customer support, but are overshadowed by numerous detailed complaints about financial losses and inability to access funds.
Mitrade
The overall feedback for Mitrade is predominantly positive, with users praising the platform's ease of use, fast execution, and responsive customer service. Many reviewers highlight the intuitive interface, quick deposit/withdrawal processes, and helpful support team. However, there are notable concerns about withdrawal delays, high spreads, technical issues, and some users reporting account clearing incidents. The platform appears to be particularly appreciated by beginners for its user-friendly design and educational resources, though some experienced traders have raised concerns about trading conditions and platform reliability.
MTrading
The overall feedback for MTrading is predominantly positive, with customers appreciating the platform's competitive trading conditions, bonuses, and fast withdrawal processes. Key strengths include tight spreads, generous deposit bonuses (up to 200%), MT4 Supreme edition, and reliable customer support. However, there are notable concerns about verification issues, account closures for profitable traders, and some technical problems. The broker appears to be well-regarded for its educational resources, copy trading features, and multiple account types catering to different trader needs.
NinjaTrader
NinjaTrader receives highly polarized feedback with significant issues in customer service, platform reliability, and business practices. While many users praise the technical support team (particularly individuals like Adrian, Christopher, Clayton, and others) for being knowledgeable, patient, and professional, the overall experience is marred by serious concerns. Common complaints include platform crashes and freezing, especially during critical trading times, withdrawal difficulties with high fees ($30+ wire transfers), account liquidations without proper notice, and poor communication from customer service. The platform itself is described as complex and not user-friendly, with many basic features requiring paid upgrades. However, positive aspects include powerful charting capabilities, good automation tools, competitive trading commissions, and excellent individual technical support representatives who provide remote assistance and detailed help.
NordFX
The overall feedback for NordFX is predominantly positive, with customers consistently praising fast withdrawals, reliable customer support, and platform stability. Most users appreciate the quick processing times, especially for cryptocurrency withdrawals, and the professional support team. However, there are notable concerns about account closures, withdrawal difficulties for some users, and limited deposit options for certain regions like India. Long-term users (some trading for over 10+ years) express high satisfaction and trust, while newer users generally report smooth experiences with the platform and services.
OctaFX
The reviews reveal a mixed but generally positive experience with OctaFX. Users consistently praise the platform's fast deposit and withdrawal processes, user-friendly interface, excellent customer support, and educational resources. Many appreciate the high leverage options, deposit bonuses, and the absence of swap fees. However, there are significant concerns raised by some users about withdrawal delays, account blocking without explanation, payment processing issues, and allegations of manipulative practices. Several users report difficulties with large withdrawals, sudden account investigations, and problems with verification processes. The platform appears to work well for smaller transactions but faces criticism when handling larger amounts or profitable accounts.
Olymp Trade
The reviews reveal a deeply polarized user experience with Olymp Trade. While some users praise the platform's educational resources, user-friendly interface, and fast withdrawals, a significant portion express serious concerns about account blockages, withdrawal delays, and potential manipulation. The platform appears to work well for some traders, particularly those using smaller amounts, but faces substantial criticism regarding customer service responsiveness, verification processes, and alleged chart manipulation. Many users report successful small withdrawals but encounter problems when attempting larger withdrawals or after achieving significant profits. The platform's Fixed Time Trading (FTT) mode receives mixed reactions, with some finding it innovative while others view it as gambling-like.
Pepperstone
The reviews show a mixed sentiment with a slight positive lean. Pepperstone appears to have strong customer support, with many customers praising specific agents like John, Hao, Ayush, and others for their helpfulness and professionalism. The platform is generally well-regarded for its trading conditions, low spreads, and multiple platform options. However, there are significant concerns about withdrawal processing times, account verification delays, and some customers reporting issues with trade execution and platform stability. The broker seems to excel in customer service quality but struggles with operational efficiency in certain areas.
Plus500
The reviews reveal a polarized experience with Plus500. Positive feedback consistently highlights the platform's user-friendly interface, demo account features, fast deposits/withdrawals, and educational value for beginners. Many users appreciate the simplicity and ease of navigation. However, there are significant concerns about account closures without explanation, withdrawal delays, high spreads, connection issues, and allegations of price manipulation. Several users report having their accounts terminated when profitable, suggesting potential issues with successful traders. The platform appears to work well for learning and basic trading but faces serious trust issues regarding fund access and account management.
TFXI (TriumphFX)
The reviews reveal a massive financial scandal involving TriumphFX/TFXI, a forex broker that appears to have defrauded investors of millions of dollars. The company converted investors' USD holdings into worthless TFX tokens without permission, causing devastating losses (up to 99% value reduction). What began as a seemingly legitimate investment platform offering consistent 7-10% monthly returns devolved into a classic exit scam. Investors report being unable to withdraw funds, with customer support becoming completely unresponsive. The company has undergone multiple rebrandings (TriumphFX → Zfinance → Zchains) in apparent attempts to continue operations. While some early investors had positive experiences, the overwhelming majority of recent reviews describe financial devastation, with many losing their life savings, retirement funds, and family money. The pattern strongly suggests a Ponzi scheme that collapsed when new investor funds could no longer sustain payouts.
TradeStation
The analysis reveals a deeply polarized customer experience with TradeStation. While many users praise the platform's advanced trading tools, charting capabilities, TradingView integration, and educational resources, there are significant concerns about customer service quality, withdrawal difficulties, and various fees. Positive feedback highlights the platform's professional-grade features, fast execution speeds, and comprehensive trading tools. However, negative reviews consistently mention poor customer service responsiveness, long wait times, difficulty accessing funds, unexpected fees, and platform stability issues. The reviews suggest TradeStation may be better suited for experienced traders who can navigate its complexities, while newer traders often struggle with the platform's learning curve and support limitations.
TurnkeyFX
The overall sentiment towards TurnkeyFX is predominantly positive, with customers praising the broker's low trading costs, tight spreads, fast execution, and reliable customer support. Most reviews highlight the broker's competitive ECN and STP account conditions, with commissions as low as $1 per standard lot and spreads often near zero. The platform is frequently commended for its suitability for automated trading, scalping, and various trading strategies. However, there are some concerning negative reviews alleging withdrawal issues and potential fraud, particularly involving larger account balances. The majority of users appreciate the fast withdrawal processing, cryptocurrency payment options, and professional service quality.
Vantage Markets
The overall sentiment towards Vantage Markets is predominantly positive, with customers frequently praising the excellent customer support, fast response times, and quick withdrawal processing. The platform is consistently highlighted for its speed, reliability, and user-friendly interface. However, there are notable concerns regarding withdrawal issues, account restrictions, profit confiscation, and server problems during high-demand periods. While the majority of users report smooth experiences with deposits and withdrawals, a significant minority have faced serious issues with fund access and account termination.
VCG Markets
The reviews reveal a polarized customer experience with VCG Markets. While the majority of customers praise the platform's user-friendly interface, fast withdrawals, excellent customer service, and competitive spreads, there are serious allegations of affiliate commission fraud and regulatory concerns. Positive feedback consistently highlights the MT5 platform, responsive support team, quick deposit/withdrawal processes, and good trading conditions. However, critical issues include alleged non-payment of affiliate commissions, lack of regulation, platform limitations, and some technical problems. The broker appears to perform well for regular traders but has significant issues with affiliate partnerships.
VT Markets
The reviews reveal a deeply concerning pattern of issues with VT Markets, particularly around withdrawals and customer service. While some users report positive experiences with fast deposits, competitive spreads, and responsive support, a significant majority describe serious problems including blocked withdrawals, unresponsive customer service, account terminations without clear justification, and alleged scam activities. Common complaints include excessive KYC requirements that appear designed to delay withdrawals, funds being reversed or deducted without explanation, and poor communication from account managers. Many users report being unable to withdraw profits or even their original deposits, with some describing coordinated scam activities involving PAMM managers and copy trading services. The broker appears to have regulatory issues, with some users noting it's not properly licensed in certain jurisdictions.
XM Global
The reviews reveal a polarized experience with XM Global. Positive feedback highlights good trading conditions, educational resources, competitive spreads, and bonus offerings. However, there are numerous serious complaints about withdrawal delays lasting weeks or months, arbitrary profit cancellations, account closures without proper justification, deposit issues, and poor customer service. Many users report being accused of policy violations without evidence when attempting to withdraw profits. The broker appears to have particular issues with verification processes and fund recovery for users from certain regions like India and Pakistan.
XTB
XTB receives mixed reviews with strong praise for customer support, educational resources, and platform usability, but faces serious criticism regarding withdrawal difficulties, platform technical issues, and pricing manipulation concerns. Many users appreciate the personalized account management, comprehensive educational materials, and user-friendly interface. However, recurring complaints about withdrawal delays, verification processes, platform crashes during critical trading times, and concerns about price manipulation create trust issues. The broker appears to excel in customer education and support but struggles with operational reliability and transparency in withdrawal processes.
ZFX (Zeal Capital Market)
The reviews reveal a deeply polarized experience with ZFX/Zeal Capital Market. While many users praise the platform for fast deposits/withdrawals, good spreads, and responsive customer service, there are serious allegations of account blocking when profitable, withdrawal delays/refusals, and potential fraudulent practices. The most concerning pattern is multiple reports of the broker blocking accounts or refusing to process withdrawals when clients are profitable, with some users losing hundreds of thousands in profits. Positive reviews highlight fast transactions, good trading conditions, and helpful support, but negative reviews describe systematic issues with fund recovery and potential scam behavior.