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Trusted by 500,000+ traders across Asia
AFM's Trusted Forex Brokers.
Every forex broker on this page has been independently reviewed by Ezekiel Chew — real spreads tested during London and New York session hours, regulation verified, and execution quality assessed. No rankings, no #1 or #8. Three curated partners with equal positioning. Zero free advertising.
Reviewed by Ezekiel Chew
3 AFM-RECOMMENDED FOREX BROKERS
Risk Warning: Your capital is at risk. Forex Brokers and CFDs carries the potential for gains, but statistically, only 11-25% of traders actually profit, while 74-89% end up losing their investment. Be aware of these risks before investing.
IC
IC Markets
Global ECN · Est. 2007 · Sydney
9.1
AFM Trust Score / 10
🏆 Best ECN Broker 2025
Min. Deposit
$200
EUR/USD Spread
$200
Regulation
ASIC · CySEC · FSA
Platforms
MT4 · MT5 · cTrader
“Best for OCP traders running 4H and daily chart setups — raw spreads from 0.0 pips and fast ECN execution are exactly what price action trading needs.”
pp
Pepperstone
ASIC · FCA · DFSA · SCB Regulated
8.8
AFM Trust Score / 10
🏆 Best for Asian Traders 2025
Min. Deposit
$200
EUR/USD Spread
0.09 pips
Regulation
ASIC · FCA · DFSA
Platforms
MT4 · MT5 · cTrader
“Strong pick for Malaysian and Singapore traders — ASIC regulated with cTrader available for advanced OCP practitioners who need deeper order routing.”
av
AvaTrade
CBI · ASIC · FSCA · ADGM Regulated
8.4
AFM Trust Score / 10
🏆 Best for Beginners 2025
Min. Deposit
$100
EUR/USD Spread
0.9 pips
Regulation
CBI · ASIC · FSCA
Platforms
MT4 · MT5 · AvaOptions
“Ideal first broker for OCP graduates — 7+ regulatory licences, $100 minimum deposit, and excellent educational content. Move to ECN when volume demands it.”
- All brokers independently tested with live accounts
- Real spreads measured during London & New York session
- No rankings — equal positioning for all 3 partners
- AFM Trust Score reviewed quarterly
- Zero free listings — all partners are paid partners
Why AFM Recommends These Brokers
“Most traders pick a broker based on a promotional offer or a ranking table. That's the wrong criteria. What matters for OCP traders is execution quality during London and New York session overlap, regulation that protects your capital, and spread transparency — what you see advertised should be what you get live. Every broker on this page has been tested on all three.”
Ezekiel Chew · Founder, Asia Forex Mentor · 20+ years trading & coaching
How AFM Calculates the Trust Score
30%
Regulation Strength
25%
Execution Quality
20%
Spread Transparency
15%
Customer Support
10%
Trader Retention
Not sure which broker fits your trading style?
AFM's Trust Score methodology rates brokers on regulation, execution, and spread transparency — not commercial relationships. Read how we score.
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