Best Forex Brokers According to Trustpilot

Trustpilot is an open customer review management tool that lets brokers interact and create trust with current and future customers. It automates the review gathering process, collects feedback, improves organic search results, increases conversions on paid searches using Google Seller Ratings, and amplifies brokers’ online presence.

With over 58 million reviews and over 270,000 reviewed websites, Trustpilot provides a platform for people to share and discover business reviews, as well as tools for businesses to leverage consumer input into business results. Its purpose is to bring individuals and businesses together in order to create better experiences for everyone. Consumers around the world read Trustpilot reviews rather frequently as Trustpilot has more than 3 billion page views every month. Today, Trustpilot is one of the best places to look for customer thoughts about a company. However, it can be plagued with fake reviews from time to time, which is its biggest drawback. So one should always manually look at the reviews to find out if they look legitimate.

Nonetheless, in this review, we will look at some of the best brokers according to Trustpilot.

FP Markets

FP Markets is a global forex and CFDs broker that has been established and regulated since 2005. FP Markets is subject to some of the most strict international regulations, including those imposed by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). According to Trustpilot, FP Markets has a rating of 4.9 out of 5 stars, with a total of 5,698 reviews as of the writing. Compared to other brokers this is the highest rating any broker has on TrustPilot with such a high amount of client reviews.

About 10,000 trading products are available through FP Markets, including Forex, CFDs on indices, shares, commodities, metals, digital currencies, and bonds. These instruments can be traded using popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, WebTrader, and FP Markets app for iPhone and Android smartphones. FP Markets has two accounts, Standard and Raw. The spreads on the standard account can go as low as 1.0 pips for major currency pairs. However, on the Raw account spreads can go as low as 0.0 pips. The broker also offers low commissions on the Raw account starting at $3 per side. 

71.23% of retail CFD accounts lose money

JustMarkets

JustMarkets is the new name of the formerly JustForex broker, which continues to provide investment and financial services. The Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) oversee its operations. JustMarkets offers four accounts for clients to choose from. These include standard cent, standard, pro, and raw spread accounts. JustMarkets offers low floating spreads on all types of accounts, as well as spreads starting at 0.3 pips on the standard account.

With this broker, clients can trade over 170 trading instruments, including CFDs on currency pairs, precious metals, futures, indices, equities, and cryptocurrency. These instruments are available for trading in MetaTrader 4 and MetaTrader 5. JustMarkets has a Trustpilot rating of 4.8 out of 5 based on 1,877 reviews at the time of writing this. This is a good rating showing that the clients had a good experience with the broker.

IC Markets

IC Markets is under the strict regulation of the CySEC, ASIC, and FSA. It provides online trading services through a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. With this broker, investors can trade forex, stocks, and CFDs on commodities, futures, bonds, and cryptocurrencies. IC Markets offers three types of trading accounts: cTrader, Raw Spread, and Standard. The standard account offers spreads starting from 0.6 pips for major currency pairs. On the other hand, the Raw spread accounts have spreads as low as 0.0 pips. These accounts charge commissions of $3.0 per $100,000 traded or $3.5 per side per lot depending on the trading platform a client chooses to use.

According to Trustpilot, IC Markets is one of the best companies for active forex traders due to its rapid trade execution and unrivalled liquidity. It has a rating of 4.8 out of 5 based on 27,106 reviews.

AvaTrade

According to Trustpilot, AvaTrade's cutting-edge platforms, multilingual support, extensive education, global offices, and over 13 years in the industry all combine to provide traders with complete peace of mind when trading with confidence. It has a rating of 4.6 out of 5 based on 8,329 reviews as of this writing. AvaTrade is tier-one CFD and forex broker dedicated to offering traders a secure trading environment. Its activities are overseen and regulated by the Cyprus Securities and Exchange Commission (CySEC), the British Virgin Islands Financial Services Commission (BVIFSC), and the South African Financial Sector Conduct Authority (FSCA).

AvaTrade has three types of live accounts for traders: Standard, Retail, and Professional. Some of the assets available on this broker site include CFDs on Forex, Equities, Commodities, Bitcoin, Indices and Options. It provides numerous platforms for trading, including MetaTrader 4, MetaTrader 5, as well as AvaGo. AvaTrade features variable spreads on its website. Popular trading instruments have the lowest spreads due to high trading volumes. For example, the spreads for major currency pairs can go as low as 0.9 pips. Traders should stay updated on the movement of spreads on AvaTrade before they invest.

76% of retail CFD accounts lose money

Pepperstone

Pepperstone was launched in 2010 and has quickly grown to become one of the world's leading Forex brokers. It is registered and regulated by the FCA of the United Kingdom, the ASIC, and the DFSA. The FCA and the ASIC are two of the top regulators in the market today. While regulations alone are not enough, this is a good sign from Pepperstone. It shows that the company is willing to follow the most stringent laws.

It provides a diverse range of market instruments, including CFDs on forex, indices, cryptos, energy, and commodities. These instruments are tradable via platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Additionally, the company supports DupliTrade for copy trading.

There are three main accounts on Pepperstone, with the major account featuring spreads ranging from 0 to 1.59 pips. These are some of the lowest spreads you will find in the market today, which are very attractive to traders. Pepperstone has a Trustpilot rating of 4.6 out of 5 based on 1,925 reviews. This is a strong rating for any company, whether new or old. Luckily, Pepperstone has over 10 years in the market.

Fusion Markets

Fusion Markets is a new Australian broker that was. Fusion Markets is a wonderful forex broker that the Australian Securities and Investment Commission and the Vanuatu Financial Services Commission regulate. While the VFSC is not the best regulator in the market, it is nice to see that the company has regulations from the ASIC.

It offers two account types, the Zero account and the Classic account. The Classic account features spreads starting from 0.8 pips for major currency pairs. On the other hand, the Zero account features spreads starting from 0.0 pips and a $2.25 per lot commission. Fusion Markets has a rating of 4.6 out of 5 on Trustpilot, with 820 reviews at the time of writing this. This demonstrates that the few people who have rated it still believe it is a great broker. Moreover, this company offers clients both MT4 and MT5 traders.

Blueberry Markets

Blueberry Markets is a forex and CFDs broker with 6 years in the market. Examples of instruments clients can trade with Blueberry Markets include forex, indices, commodities, and CFDs on cryptocurrencies and shares. The Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) oversee its operations. Blueberry Markets has two kinds of accounts, Standard and Direct accounts. The Standard accounts have spreads that start at 1 pip and have no commission. However, the Direct account has spreads as low as 0 pip and a $7 per round commission. Popular platforms for trade execution are available. these include MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Blueberry Markets is praised by Trustpilot for its quick executions, cheap forex spreads, and simple withdrawals. Blueberry Markets received 4.6 out of 5 stars on 1,389 reviews at the time of writing. Based on the number of reviews, it appears that people regard it as a good broker. Nonetheless, this is still a fairly new broker that probably needs more time in the market to fully establish itself.

Trading 212

Trading 212 is a fintech firm that democratizes financial markets by providing free, smart, and user-friendly tools that allow investors to trade stocks, and CFDs on Forex, ETFs, commodities, and more. The Financial Conduct Authority and the Cyprus Securities and Exchange Commission have both authorized and continue to regulate it.

Trading 212 provides two trading accounts. The Invest account is mainly for trading stocks, while the CFD account is for trading CFDs. Traders mostly trade these instruments on Trading 212’s in-house-built mobile apps and web programs. The spreads on this broker can go as low as 1.2 pips for major currency pairs. On Trustpilot, Trading 212 has a rating of 4.6 out of 5 based on 21,105 reviews as of this writing. This broker has been rated by a large number of individuals and has still managed to score highly, indicating that it provides excellent services to many people.

Admiral Markets

Admiral Markets provides a cutting-edge platform for currencies and metals trading. CFDs on stocks, indices, and energy are also available. It is governed by reputable authorities such as the Australian Securities and Investment Commission, the Financial Conduct Authority, and the Financial Services Authority of Seychelles.

Trading is available on major platforms such as MetaTrader 4 and MetaTrader 5. These platforms dictate the type of account a client uses. You can use MetaTrader 4 to access Trade.MT4 and Zero.MT4. On the other hand, MetaTrader 5 allows you to pick from three accounts. These include Trade.MT5, Invest.MT5, and Zero.MT5. For the major currencies, average spreads can go as low as 0.6 pips. On Trustpilot, Admiral Markets has a rating of 4.6 out of 5 stars from 1,472 reviews. This demonstrates that the majority of those who rated them are pleased with the broker’s services.

TMGM

TMGM is a professional broker with a diverse set of tools and services to meet the demands of traders. It is licensed and regulated by the ASIC and the FMA. TMGM ]offers CFDs on Forex, Futures, Indices, Metals, Energies, Shares, and Crypto. The instruments are traded on the popular MetaTrader 4, MetaTrader 5, and IRESS platforms. These platforms offer seamless execution of orders and a plethora of analytical tools.

TMGM has two types of accounts which are the Raw spread account and the Classic account. The Classic account features spreads starting from 1.0 pips with no commissions. On the other hand, the Raw Spread account features spreads starting from 0.0 pips with commissions starting from $7 per round. TMGM has a Trustpilot rating of 4.1 out of 5 with only 715 reviews as of this writing. has made constant attempts to push the boundaries of liquidity and usability in order to provide you with a genuinely excellent trading environment.

Final Thoughts on Best Forex Brokers According To Trustpilot

Trustpilot is one of the premier sources for customer feedback online, Here, you can see the rating and the thoughts of real customers using a particular broker. Generally, the brokers with the highest rating on this site offer some of the best services.

In this review, we looked at some of the best forex brokers according to Trustpilot. We looked at their rating alongside their regulation and trading conditions. Seemingly, the brokers on this list satisfy the trading needs of most of their clients. Nonetheless, there is a chance of some reviews being fake or paid reviews. As such, we insist that you must do your own research before choosing a broker to trade with. This is the best way to guarantee you choose a broker that best suits you as an individual.