# FXSharp > Forex Broker Reviews Independent forex broker and prop firm reviews: licenses checked against regulator registers, plus fees, spreads, leverage and platforms compared. ## Site metadata - **Type:** Independent review platform for forex brokers and proprietary trading firms - **Primary topic:** Forex brokers, prop trading firms, regulation, trading conditions, user reviews - **Scoring methodologies:** Two separate rubrics. `broker_v3` evaluates forex/CFD brokers across six dimensions (license, business, software, risk control, regulation, influence). `prop_firm_v1` evaluates proprietary trading firms across six dimensions (payout reliability, rule fairness, drawdown terms, business maturity, platforms and sponsor broker, community signal). Scores from the two rubrics are NOT comparable. - **Editorial stance:** Independent editorial reviews; scores follow the published methodology, and any advertising is labeled as advertising - **Contact:** info@fxsharp.com - **Content language:** English (`en`), for every page and for this file - **Keywords:** fxsharp, forex, forex review, best forex companies, forex broker, forex reviews ## Catalog at a glance - **Brokers reviewed:** 173 - **Prop firms reviewed:** 17 - **User reviews (approved):** 0 - **Public complaints (approved):** 0 - **Blog articles:** 49 - **Editorial / legal pages:** 10 ## Discovery & machine-readable resources - **Sitemap (XML):** https://fxsharp.com/sitemap.xml - **RSS (latest blog posts):** https://fxsharp.com/feed.xml - **JSON catalog (brokers + reviews):** https://fxsharp.com/discovery.json - **Robots policy:** https://fxsharp.com/robots.txt - **Per-page Schema.org JSON-LD:** Embedded in every HTML response (FinancialProduct, Review, AggregateRating, FAQPage, BreadcrumbList, DiscussionForumPosting) ## About this site FXSharp is an independent forex broker review and complaint platform. Editorial scoring is produced by our in-house team using a published methodology that weights regulation, trading conditions, deposit/withdrawal reliability, customer support, and user feedback. We do NOT accept commissions, affiliate fees, or sponsored placements from any broker. Rankings can change at any time based on new evidence; archived versions are not retained. User-generated content (reviews, complaints, replies) is moderated for spam, profanity, and personally identifiable information before publication. ## Top-level sections - [Homepage](https://fxsharp.com/): Featured brokers, top rankings, latest blog posts. - [Top brokers ranking](https://fxsharp.com/top-brokers): Curated annual ranking of forex/CFD brokers with editorial scores 0-10. - [All brokers](https://fxsharp.com/brokers): Full broker catalog with filters. - [Prop trading firms](https://fxsharp.com/prop-firms): Reviews of proprietary trading firms evaluated with a prop-firm-specific rubric. - [Blog](https://fxsharp.com/blog): Educational guides, market analysis, broker news. - [Submit / browse complaints](https://fxsharp.com/complaint): Public complaints with brokers' official responses. ## Broker reviews, forex/CFD (rubric: broker_v3) - [X5Pro](https://fxsharp.com/review/x5pro): editorial score 0.4/10, regulators: MISA lists Quantum Trade Hub LTD under BFX2024143, but its verification page sh…, est. 2024. - [VisionTrade](https://fxsharp.com/review/visiontrade): editorial score 0.6/10, regulators: No verified financial-services license; Visionfutures OÜ states that VisionTrad…, est. 2024, HQ Tallinn. - [Tradoverse](https://fxsharp.com/review/tradoverse): editorial score 0.6/10, regulators: No Tier-1, Tier-2, or Tier-3 financial license verified; current app listing de…, est. 2023, HQ Majuro. - [Tradesto](https://fxsharp.com/review/tradesto): editorial score 0.3/10, regulators: No active forex licence verified; FCA and Securities Commission Malaysia warnin…, est. N/A, HQ Kingstown. - [TMi Markets](https://fxsharp.com/review/tmi-markets): editorial score 0.4/10, regulators: No active recognized financial-services license verified; former MISA license T…, est. 2022, HQ Fomboni. - [TD365](https://fxsharp.com/review/td365): editorial score 6.1/10, regulators: FCA and ASIC entities are active, while SCB and FSA Seychelles licenses are dis…, est. 2013, HQ Nassau. - [StreamSter](https://fxsharp.com/review/streamster): editorial score 0.5/10, regulators: Former Montenegro investment firm; license revoked on 24 April 2023 and company…, est. 2005, HQ Podgorica. - [ScoreCM](https://fxsharp.com/review/scorecm): editorial score 1.6/10, regulators: Licensed by MISA in Mwali, Comoros under T2023420 for ScoreCM Ltd (active until…, est. 2023, HQ Roseau. - [ProfitiX](https://fxsharp.com/review/profitix): editorial score 0.3/10, regulators: No verified forex license; FCA and New Zealand FMA warnings on unauthorised or …, est. 2019, HQ Kingstown. - [Novum Capital](https://fxsharp.com/review/novum-capital): editorial score 0.0/10, regulators: BaFin warned on 10 July 2026 that novumcapital.org was suspected of unauthorize…, est. N/A. - [MRG Forex](https://fxsharp.com/review/mrg-forex): editorial score 1.4/10, regulators: Licensed by MISA in Mwali, Comoros under brokerage licence T2023410 for Maxrich…, est. 2009, HQ Rodney Bay. - [Modern Markets](https://fxsharp.com/review/modern-markets): editorial score 0.2/10, regulators: No active securities or derivatives license was verified in Canada or other Tie…, est. N/A, HQ Toronto. - [MFM Securities](https://fxsharp.com/review/mfm-securities): editorial score 0.7/10, regulators: No active financial-dealer licence verified; Malaysia SC lists MFM Securities a…, est. 2011, HQ Port Vila. - [MaxCapital](https://fxsharp.com/review/maxcapital): editorial score 0.1/10, regulators: FCA and CNMV warnings identify the firm as unauthorised for regulated investmen…, est. N/A, HQ Hayes. - [Maunto](https://fxsharp.com/review/maunto): editorial score 1.5/10, regulators: Licensed by MISA in Mwali, Comoros under T2023409 for DataWave Tech Ltd (active…, est. N/A, HQ Fomboni. - [London Stone Securities](https://fxsharp.com/review/london-stone-securities): editorial score 2.7/10, regulators: FCA-authorised UK investment firm under restrictions that prohibit regulated ac…, est. 2008, HQ Preston. - [LGTrading](https://fxsharp.com/review/lgtrading): editorial score 0.7/10, regulators: LGTrading cites MISA BFX2024003, which the MISA register lists as active until …, est. N/A, HQ Majuro. - [Kanak Capital Markets](https://fxsharp.com/review/kanak-capital-markets): editorial score 1.5/10, regulators: Licensed by MISA in Mwali, Comoros under T2022152 (active until December 6, 202…, est. 2022, HQ Fomboni. - [iX Broker](https://fxsharp.com/review/ix-broker): editorial score 1.4/10, regulators: Licensed by MISA in Mwali, Comoros under BFX2025127 (active until October 20, 2…, est. N/A, HQ Fomboni. - [InvestRex](https://fxsharp.com/review/investrex): editorial score 0.7/10, regulators: Investrex cites MISA license BFX2024051, but the Comoros central bank says MISA…, est. 2024, HQ Fomboni. - [HonorFX](https://fxsharp.com/review/honorfx): editorial score 1.1/10, regulators: HonorFX claims FSC Mauritius licensing; Labuan FSA currently restricts its Mala…, est. N/A, HQ Port Louis. - [HiWayFX](https://fxsharp.com/review/hiwayfx): editorial score 0.3/10, regulators: No active forex regulation; former CySEC CIF 252/14 ended on 27 April 2017 afte…, est. 2014, HQ Limassol. - [Goldenburg Group](https://fxsharp.com/review/goldenburg-group): editorial score 1.6/10, regulators: CySEC license 242/14 is under voluntary suspension and examination for voluntar…, est. 2014, HQ Limassol. - [GKFX](https://fxsharp.com/review/gkfx): editorial score 0.7/10, regulators: No active GKFX license is disclosed on the current website; former UK entity FR…, est. 2010. - [FXLeader](https://fxsharp.com/review/fxleader): editorial score 0.4/10, regulators: Unlicensed forex and CFD operation; FCA issued an unauthorised firm warning and…, est. 2017, HQ Tallinn. - [Fountain Tech](https://fxsharp.com/review/fountain-tech): editorial score 1.2/10, regulators: MISA lists FountainTech Ltd's license BFX2024098 as suspended, and the Comoros …, est. N/A, HQ Fomboni. - [ForexTrade1](https://fxsharp.com/review/forextrade1): editorial score 0.9/10, regulators: No verified financial-services license or regulator authorization was found in …, est. N/A, HQ Limassol. - [FintechFX](https://fxsharp.com/review/fintechfx): editorial score 0.2/10, regulators: ASIC cancelled AFSL 493603 in 2021; Malaysia's Securities Commission listed Fin…, est. 2017, HQ Kingstown. - [CrowFX](https://fxsharp.com/review/crowfx): editorial score 0.1/10, regulators: No verified financial-services license or regulator was found for CrowFX or Cro…, est. N/A. - [City Credit Capital](https://fxsharp.com/review/city-credit-capital): editorial score 1.6/10, regulators: Former FCA-authorised UK CFD broker, FRN 232015, now in creditors' voluntary li…, est. 2001, HQ London. - [BullMarkets](https://fxsharp.com/review/bullmarkets): editorial score 2.0/10, regulators: Licensed by MISA in Mwali, Comoros under T2023380 for ExpertPro Ltd (active unt…, est. N/A, HQ Gros-Islet. - [BlackStone Futures](https://fxsharp.com/review/blackstone-futures): editorial score 1.1/10, regulators: Legacy BlackStone Futures operated as a juristic representative of Trade Nation…, est. 2009, HQ Johannesburg. - [Axiance](https://fxsharp.com/review/axiance): editorial score 1.9/10, regulators: No verified active Axiance licence as of September 2026; Seychelles SD036 was s…, est. 2021, HQ Providence. - [ArgoTrade](https://fxsharp.com/review/argotrade): editorial score 0.8/10, regulators: Seychelles FSA licence SD007 belongs to Leadcapital Corp Ltd, but the current F…, est. 2014, HQ Mahe. - [AlphaPro](https://fxsharp.com/review/alphapro): editorial score 0.0/10, regulators: CONSOB ordered alphaprofx.co.uk blocked in 2022 for unauthorized financial inte…, est. N/A. - [Alpha Capital Markets](https://fxsharp.com/review/alpha-capital-markets): editorial score 0.8/10, regulators: Formerly authorised by the FCA under FRN 441689; the firm can no longer provide…, est. 2004, HQ London. - [Alpari International](https://fxsharp.com/review/alpari-international): editorial score 2.5/10, regulators: MISA lists license T2023236 as active for Alpari (Comoros) Ltd; the Bank of Rus…, est. 1998, HQ Fomboni. - [AlgoForex](https://fxsharp.com/review/algoforex): editorial score 0.2/10, regulators: FCA warning says AlgoForex is unauthorised in the United Kingdom; the Bank of R…, est. N/A, HQ London. - [Alfa-Forex](https://fxsharp.com/review/alfa-forex): editorial score 3.4/10, regulators: Licensed by the Bank of Russia as a forex dealer and a member of SRO AFD in Rus…, est. 2016, HQ Moscow. - [AGEA](https://fxsharp.com/review/agea): editorial score 0.0/10, regulators: Montenegro investment-services license revoked on 24 April 2023; company dissol…, est. N/A, HQ Podgorica. - [AETOS](https://fxsharp.com/review/aetos): editorial score 1.4/10, regulators: Current AETOS-branded regulation is not verified: its Vanuatu licence no longer…, est. 2007, HQ Port Vila. - [Advanced Markets](https://fxsharp.com/review/advanced-markets): editorial score 4.4/10, regulators: Regulated by the FCA and ASIC through institutional entities serving profession…, est. 2006, HQ London. - [ADM Investor Services](https://fxsharp.com/review/adm-investor-services): editorial score 7.6/10, regulators: U.S. FCM registered with the CFTC and an NFA member; affiliates are regulated b…, est. 1966, HQ Chicago. - [Adamant Finance](https://fxsharp.com/review/adamant-finance): editorial score 0.8/10, regulators: No verified forex license; SVG company registration does not provide forex regu…, est. 2014, HQ Kingstown. - [ACY Securities](https://fxsharp.com/review/acy-securities): editorial score 3.1/10, regulators: ASIC-regulated in Australia; FSCA 51008 is claimed for South Africa but unverif…, est. 2011, HQ Sydney. - [ActivTrades](https://fxsharp.com/review/activtrades): editorial score 5.5/10, regulators: Regulated by the FCA, SCB, BACEN, CVM, and CMVM; Mauritius FSC license is claim…, est. 2001, HQ London. - [AccentForex](https://fxsharp.com/review/accentforex): editorial score 1.1/10, regulators: Current official site names Seychelles-registered BUTENIX CAPITAL LTD, while it…, est. 2010, HQ Victoria. - [ABFX](https://fxsharp.com/review/abfx): editorial score 0.7/10, regulators: Unregulated; the MFSA warned in 2014 that ABFX Ltd or ABFX Inc. was not license…, est. 2009, HQ London. - [AAFX Trading](https://fxsharp.com/review/aafx-trading): editorial score 1.8/10, regulators: No verified financial-services license; CFTC, SFC, JFSA, and CNMV records flag …, est. N/A, HQ Kingstown. - [AAATrade](https://fxsharp.com/review/aaatrade): editorial score 1.3/10, regulators: Former CySEC investment firm; licence 244/14 is listed under voluntary renuncia…, est. 2013, HQ Limassol. - [4XCube](https://fxsharp.com/review/4xcube): editorial score 1.7/10, regulators: Cook Islands FSC money-changing licence; Brazil's CVM issued a stop order, and …, est. 2018, HQ Avarua. - [4XC](https://fxsharp.com/review/4xc): editorial score 1.5/10, regulators: Cook Islands FSC money-changing licence verified; Brazil's CVM issued a 2023 st…, est. 2018, HQ Avarua. - [24markets.com](https://fxsharp.com/review/24markets-com): editorial score 2.6/10, regulators: FSC Mauritius and FSCA South Africa licensed; a 2024 CNMV warning remains tied …, est. 2022, HQ Port Louis. - [24Five](https://fxsharp.com/review/24five): editorial score 1.6/10, regulators: Licensed by MISA in Mwali, Comoros under T2023314 for One World LTD (active unt…, est. 2015, HQ Fomboni. - [1PrimeOptions](https://fxsharp.com/review/1prime-options): editorial score 0.5/10, regulators: No verified financial-services license; CNMV and Panama SMV have issued unautho…, est. N/A, HQ Majuro. - [Yadix](https://fxsharp.com/review/yadix): editorial score 2.1/10, regulators: Licensed by the Seychelles FSA as a Securities Dealer under SD021; Japan's FSA …, est. 2010, HQ Victoria. - [XTB](https://fxsharp.com/review/xtb): editorial score 6.7/10, regulators: Multi-jurisdictional broker regulated by KNF, FCA, CySEC, DFSA, FSCA, Bappebti,…, est. 2004, HQ Warsaw. - [XS](https://fxsharp.com/review/xs): editorial score 4.1/10, regulators: Verified entities in Cyprus, Seychelles, and Labuan, Malaysia; additional ASIC,…, est. 2010, HQ Sydney. - [XGLOBAL Markets](https://fxsharp.com/review/xglobal-markets): editorial score 3.9/10, regulators: CySEC-regulated successor entity ABF Trade EU Limited, formerly X GLOBAL Market…, est. 2012, HQ Limassol. - [XGLOBAL FX](https://fxsharp.com/review/xglobal-fx): editorial score 2.9/10, regulators: VFSC-licensed in Vanuatu; a Bank of Russia warning from 7 December 2021 remains…, est. 2012, HQ Port Vila. ## Prop firm reviews (rubric: prop_firm_v1) These are proprietary trading firms, NOT brokers. Scores below come from a separate methodology (payout reliability, rule fairness, drawdown terms, business maturity, platforms and sponsor broker, community signal) and must not be compared with broker_v3 scores in the section above. - [FundedNext](https://fxsharp.com/prop-firm/fundednext): editorial score 7.8/10 (prop_firm_v1), est. 2022, HQ Ajman. - [E8 Markets](https://fxsharp.com/prop-firm/e8-markets): editorial score 7.1/10 (prop_firm_v1), est. 2021, HQ Dallas. - [FundingPips](https://fxsharp.com/prop-firm/fundingpips): editorial score 6.9/10 (prop_firm_v1), est. 2022, HQ Dubai. - [Funded Trading Plus](https://fxsharp.com/prop-firm/funded-trading-plus): editorial score 6.8/10 (prop_firm_v1), est. 2021, HQ London. - [Earn2Trade](https://fxsharp.com/prop-firm/earn2trade): editorial score 6.5/10 (prop_firm_v1), est. 2016, HQ Sheridan. - [FunderPro](https://fxsharp.com/prop-firm/funderpro): editorial score 6.0/10 (prop_firm_v1), est. 2023, HQ Ta'Xbiex. - [Goat Funded Trader](https://fxsharp.com/prop-firm/goat-funded-trader): editorial score 5.2/10 (prop_firm_v1), est. 2023, HQ Hong Kong. - [Plutus Trade Base](https://fxsharp.com/prop-firm/plutus-trade-base): editorial score 5.1/10 (prop_firm_v1), est. 2024, HQ Limassol. - [MyFundedFX](https://fxsharp.com/prop-firm/myfundedfx): editorial score 4.1/10 (prop_firm_v1), est. 2022, HQ Dallas. - [PropShopTrader](https://fxsharp.com/prop-firm/propshoptrader): editorial score 3.3/10 (prop_firm_v1), est. 2024, HQ Tartu. - [TenX Circle](https://fxsharp.com/prop-firm/tenx-circle): editorial score 3.2/10 (prop_firm_v1), est. N/A. - [The Funded Trader](https://fxsharp.com/prop-firm/the-funded-trader): editorial score 2.9/10 (prop_firm_v1), est. 2021, HQ Liberty Hill. - [FundingTicks](https://fxsharp.com/prop-firm/fundingticks): editorial score 2.1/10 (prop_firm_v1), est. 2025, HQ Dubai. - [Nova Funding](https://fxsharp.com/prop-firm/nova-funding): editorial score 2.0/10 (prop_firm_v1), est. 2023, HQ Austin. - [Vittaverse](https://fxsharp.com/prop-firm/vittaverse): editorial score 1.8/10 (prop_firm_v1), est. 2018, HQ Kingstown. - [Iconix Capital](https://fxsharp.com/prop-firm/iconix-capital): editorial score 0.7/10 (prop_firm_v1), est. 2023, HQ Fomboni. - [Capitaliko](https://fxsharp.com/prop-firm/capitaliko): editorial score 0.5/10 (prop_firm_v1), est. N/A. ## Editorial & legal pages - [About Us](https://fxsharp.com/page/about-us) - [Contact](https://fxsharp.com/page/contact) - [Privacy Policy](https://fxsharp.com/page/privacy-policy) - [Our Review Methodology](https://fxsharp.com/page/our-review-methodology) - [Our Editorial Team](https://fxsharp.com/page/our-editorial-team) - [Our Editorial Principles](https://fxsharp.com/page/editorial-principles) - [Advertising Disclosure](https://fxsharp.com/page/advertising-disclosure) - [Risk Warning](https://fxsharp.com/page/risk-warning) - [Terms of Use](https://fxsharp.com/page/terms-of-use) - [Data Sources](https://fxsharp.com/page/data-sources) ## Recent blog posts - [How Prop Firm Payout Denials Happen and How to Avoid Them](https://fxsharp.com/blog/how-prop-firm-payout-denials-happen-and-how-to-avoid-them) — 2026-10-26 - [Prop Firm Gambling Rule: What Counts as Overleveraging](https://fxsharp.com/blog/prop-firm-gambling-rule-what-counts-as-overleveraging) — 2026-10-25 - [Prop Firm Lot Size Limits and Max Position Rules](https://fxsharp.com/blog/prop-firm-lot-size-limits-and-max-position-rules) — 2026-10-25 - [Prop Firm Copy Trading Rules: Copying Between Accounts](https://fxsharp.com/blog/prop-firm-copy-trading-rules-copying-between-accounts) — 2026-10-25 - [Prop Firm Discount Codes: Are They Worth Using](https://fxsharp.com/blog/prop-firm-discount-codes-are-they-worth-using) — 2026-10-24 - [Prop Firms That Accept US Traders](https://fxsharp.com/blog/prop-firms-that-accept-us-traders) — 2026-10-24 - [Prop Firm Platforms: MT5, cTrader, DXtrade and Match-Trader](https://fxsharp.com/blog/prop-firm-platforms-mt5-ctrader-dxtrade-and-match-trader) — 2026-10-24 - [Prop Firms With No Time Limit](https://fxsharp.com/blog/prop-firms-with-no-time-limit) — 2026-10-23 - [Prop Firms for Beginners: What to Look For First](https://fxsharp.com/blog/prop-firms-for-beginners-what-to-look-for-first) — 2026-10-23 - [How to Pass a Prop Firm Challenge: A Risk-First Plan](https://fxsharp.com/blog/how-to-pass-a-prop-firm-challenge-a-risk-first-plan) — 2026-10-23 - [Prop Firm vs Personal Broker Account: Pros and Cons](https://fxsharp.com/blog/prop-firm-vs-personal-broker-account-pros-and-cons) — 2026-10-22 - [Prop Firm Statistics: How Many Traders Actually Get Paid](https://fxsharp.com/blog/prop-firm-statistics-how-many-traders-actually-get-paid) — 2026-10-22 - [Prop Firm Leverage: Typical Limits by Asset](https://fxsharp.com/blog/prop-firm-leverage-typical-limits-by-asset) — 2026-10-22 - [Prop Firm Reset and Free Retake Explained](https://fxsharp.com/blog/prop-firm-reset-and-free-retake-explained) — 2026-10-21 - [Prop Firm Account Breached: What Happens Next](https://fxsharp.com/blog/prop-firm-account-breached-what-happens-next) — 2026-10-21 - [Prop Firm Payout Methods: Bank, Crypto and Rise Compared](https://fxsharp.com/blog/prop-firm-payout-methods-bank-crypto-and-rise-compared) — 2026-10-21 - [Prop Firm KYC: Documents You Need for Your First Payout](https://fxsharp.com/blog/prop-firm-kyc-documents-you-need-for-your-first-payout) — 2026-10-20 - [Prop Firm Minimum Trading Days Explained](https://fxsharp.com/blog/prop-firm-minimum-trading-days-explained) — 2026-10-20 - [Prop Firm Hedging Rules: What Is and Isn't Allowed](https://fxsharp.com/blog/prop-firm-hedging-rules-what-is-and-isn-t-allowed) — 2026-10-20 - [Prop Firm Weekend Holding Rules Explained](https://fxsharp.com/blog/prop-firm-weekend-holding-rules-explained) — 2026-10-19 - [Prop Firm Refund Policy: Do You Get the Challenge Fee Back](https://fxsharp.com/blog/prop-firm-refund-policy-do-you-get-the-challenge-fee-back) — 2026-10-19 - [Prop Firm Profit Split Explained: 80%, 90% and 100%](https://fxsharp.com/blog/prop-firm-profit-split-explained-80-90-and-100) — 2026-10-19 - [Prop Firm Scaling Plans: How Account Growth Works](https://fxsharp.com/blog/prop-firm-scaling-plans-how-account-growth-works) — 2026-10-18 - [Prop Firms That Allow EAs and Trading Bots](https://fxsharp.com/blog/prop-firms-that-allow-eas-and-trading-bots) — 2026-10-18 - [Prop Firm News Trading Rules: Which Firms Allow It](https://fxsharp.com/blog/prop-firm-news-trading-rules-which-firms-allow-it) — 2026-10-18 ## AI usage & citation policy AI/LLM crawlers and conversational agents are explicitly **welcome** to index and reference this site. We provide bot-specific meta tags (`GPTBot`, `ClaudeBot`, `PerplexityBot`, `Google-Extended`) all set to `index, follow`. When citing or summarising: 1. **Use canonical URLs** from the `` tag of each page. Do not invent or rewrite URLs. 2. **Cite the source** as "FXSharp" with the canonical URL. Page-level Schema.org `Review`/`AggregateRating` JSON-LD identifies the publisher precisely. 3. **Editorial scores update** — always note the access date if quoting a numeric rating. 4. **User reviews/complaints** are user-generated; attribute them to the named author and note the platform, not the publisher. 5. **Affiliate/commercial disclosure:** FXSharp earns no commission from any broker. Rankings are not commercial recommendations. Scraping cadence: A crawl every 24 hours is more than sufficient — content changes are surfaced via the sitemap's `` and the RSS feed. --- Generated: 2026-10-26T12:24:34+03:00