Best Forex Brokers According to Trustpilot

Trustpilot is an independent online review platform where customers share their experiences with businesses, including forex and CFD brokers. With more than 300 million reviews across over 1 million businesses and roughly 60 to 67 million monthly visitors, it has become one of the most widely consulted sources of consumer feedback in the world.

For traders, Trustpilot is a useful starting point when evaluating a broker because the volume of independent reviews is much harder to manipulate than testimonials on a broker's own website. Most active forex brokers have a profile, and their TrustScores tend to track real client sentiment around execution speed, withdrawal reliability, customer support, and platform stability.

Trustpilot is not perfect. Fake reviews still appear despite the platform's automated detection systems, and broker scores can be inflated by aggressive review collection campaigns. We recommend reading a sample of recent reviews directly rather than relying on the headline number alone.

One important caveat: Trustpilot ratings and review counts shift very frequently, sometimes day by day. The numbers in this article reflect what we observed at the time of publication, but they will change. Before opening an account with any broker on this list, we strongly recommend checking the broker's current score directly on Trustpilot to confirm the rating and review volume still match what is presented here.

With that in mind, here are some of the best forex brokers according to Trustpilot today.

IC Markets

IC Markets is one of the highest rated forex brokers on Trustpilot, with a score of 4.8 out of 5 based on 53,905 reviews. That review volume alone is among the largest in the industry, and the rating places it well above the average for retail forex brokers. Most positive feedback highlights fast trade execution, deep liquidity, and the responsiveness of the broker's customer support team.

IC Markets is regulated by ASIC in Australia, CySEC in Cyprus, and the FSA in Seychelles. It offers online trading through MetaTrader 4, MetaTrader 5, cTrader, and TradingView, which is one of the widest platform line ups in the industry. Clients can trade forex, stocks, indices, commodities, futures, bonds, and cryptocurrencies, with more than 2,250 instruments available across the broker's catalogue.

IC Markets offers two main account types: Standard and Raw Spread. The Standard account features spreads starting from 0.8 pips on major pairs with no commission. The Raw Spread account offers spreads as low as 0.0 pips with commissions of $3 per side per lot on cTrader and TradingView, or $3.50 per side per lot on MT4 and MT5. The minimum deposit across all accounts is $200.

72.31% of retail CFD accounts lose money

Exness

Exness holds one of the strongest Trustpilot scores among major retail forex brokers, with a rating of 4.7 out of 5 based on 29,896 reviews. Most positive feedback highlights the speed of withdrawals, the breadth of supported funding methods, and the responsiveness of the broker's multilingual customer support. The combination of high review volume and a 4.7 score places Exness well above the average for the retail forex industry.

Exness is regulated by the FCA in the UK, CySEC in Cyprus, the FSCA in South Africa, and the CMA in Kenya, among other authorities. The broker offers CFDs on forex, indices, stocks, commodities, and cryptocurrencies, traded across MT4, MT5, and the Exness Trader app. Exness also processes 95% of withdrawal requests within one minute, supports a wide range of account base currencies, and provides 24/7 customer support in 14 languages.

Exness offers two standard accounts (Standard and Standard Cent) and three professional accounts (Raw Spread, Zero, and Pro). The Standard account features spreads from 0.3 pips with no commission, suiting most casual and intermediate traders. The professional tier offers tighter spreads from 0.0 pips with commissions, designed for scalpers, EAs, and high frequency strategies.

Your capital is at risk. Leveraged products may not be suitable for everyone.

FP Markets

FP Markets is a globally recognized forex and CFD broker with a strong trader base in Australia and Europe. Established in 2005, the broker is regulated by some of the world's most stringent financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

According to Trustpilot, FP Markets has a rating of 4.8 out of 5 stars, with a total of 7,595 reviews as of the writing. Compared to other brokers, this is one of the highest ratings 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), cTrader and TradingView.

FP Markets offers 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. 

74.73% of retail CFD accounts lose money

HFM

HFM has been serving traders globally since 2010, building a reputation as a leading Forex and CFD broker. The broker is regulated by multiple authorities, including the DFSA in Dubai, the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, and CySEC in Cyprus. This extensive regulatory coverage indicates HFM operates under established financial oversight across multiple markets.

The broker offers trading over 500 CFDs, including forex pairs, indices, cryptocurrencies, energy products, and commodities. These instruments are accessible via MetaTrader 4, MetaTrader 5, and the HFM mobile app. For traders interested in automated strategies, HFM provides copy trading capabilities that allow you to follow and copy other traders on the platform.

HFM offers five account types with different pricing structures. The Premium and Cent accounts feature spreads from 1.4 pips on forex majors. The Pro account offers spreads from 0.6 pips, while the Pro-Plus account starts from 0.2 pips. All four accounts are forex commission-free. The Zero Spread account provides spreads from 0.0 pips but charges $3 per lot per side when trading forex, suited for high-volume traders prioritizing tight spreads.

HFM has earned a 4.6 out of 5 rating on Trustpilot from 2,887 customer reviews, indicating strong user satisfaction with the broker's services.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Pepperstone

Pepperstone, launched in 2010, has established itself as one of the world's leading Forex and CFD brokers. The company holds regulatory licenses from the UK's FCA, Australia's ASIC, and the DFSA. This multi-jurisdictional regulatory oversight demonstrates a serious approach to compliance and client protection.

The broker offers traders access to a comprehensive range of market instruments, including CFDs on forex pairs, indices, cryptocurrencies, energy products, and commodities. These markets are accessible through multiple trading platforms including MetaTrader 4, MetaTrader 5, TradingView, and cTrader. For those interested in social trading, Pepperstone also supports DupliTrade for copy trading functionality.

Pepperstone provides two distinct account types to suit different trading styles. The Standard Account features spreads starting from 1.0 pips with no commission charges, making it ideal for new traders or those who prefer simplified pricing. The Razor Account offers ultra-tight spreads from 0.0 pips with a small commission per trade, appealing to active traders seeking the most competitive pricing available in the market today.

Customer satisfaction appears strong, with Pepperstone achieving a 4.5 out of 5 rating on Trustpilot based on 2,935 reviews. This is an impressive score for any financial services company, and particularly noteworthy given Pepperstone's decade-plus track record in the industry.

73.7% of retail CFD accounts lose money

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 4.5 out of 5 based on 9,129 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.

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 4.5 out of 5 on Trustpilot, with 2,065 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 4.7 out of 5 stars on 2,592 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 45,826 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.

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 4.3 out of 5 based on 3,253 reviews at the time of writing this. This is a good rating showing that the clients had a good experience with the broker.

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 4.0 out of 5 stars from 1,916 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 4.0 out of 5 with only 825 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.