AFM's Forex Review.
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.
Reviewed by Ezekiel Chew
Forex Review.
Risk Warning: Your capital is at risk. Forex brokers and CFDs carry 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 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.”
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.”
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.”
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