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.

Trustpilot★★★★★4.2 / 5

1,200+ verified reviews

🏅Preferred by Traders

Trusted by 30,000+ traders across Asia

Top 3 AFM-Recommended Forex Brokers

The Forex Brokers We Actually Recommend

Risk Warning: Your capital is at risk. Forex and CFDs carry the potential for gains, but statistically only 11–25% of traders profit while 74–89% lose their investment.

#1 Recommended

9.1AFM Score

IC Markets

Global ECN · Est. 2007 · Sydney

🏆 Best ECN Broker 2025

Min. DepositNo minimum
EUR/USD SpreadFrom 0.0 pips
RegulationASIC · CySEC · FSA
PlatformsMT4 · MT5 · cTrader · TradingView

“Best for OCP traders running 4H and daily setups — raw spreads from 0.0 pips and fast ECN execution are exactly what price action needs.”

Open Account →Full Review

#2 Recommended

8.8AFM Score

Pepperstone

Raw-spread ECN · Est. 2010 · Melbourne

🏆 Best for Asian Traders 2025

Min. DepositNo minimum
EUR/USD SpreadFrom 0.0 pips
RegulationASIC · FCA · CySEC
PlatformsMT4 · MT5 · cTrader · TradingView

“Strong pick for Malaysian and Singapore traders — ASIC regulated with cTrader for advanced OCP practitioners who need deeper order routing.”

Open Account →Full Review

#3 Recommended

8.4AFM Score

AvaTrade

Multi-regulated · Est. 2006 · Dublin

🏆 Best for Beginners 2025

Min. Deposit$100
EUR/USD SpreadFrom 0.8 pips
RegulationCBI · ASIC · CySEC
PlatformsMT4 · MT5 · AvaTradeGO

“Ideal first broker for OCP graduates — four regulators led by the Central Bank of Ireland, $100 minimum, and excellent educational content. Move to ECN when volume demands it.”

Open Account →Full Review

All brokers independently tested with live accountsReal spreads measured during London & New York sessionsAFM Trust Score reviewed quarterly

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 the London and New York overlap, regulation that protects your capital, and spread transparency — what you see advertised should be what you get live. Every broker here has been tested on all three.”

Ezekiel Chew · Founder, Asia Forex Mentor · 20+ years trading & coaching

Our Latest Forex Broker Reviews

Hands-on reviews from the AFM team — every broker tested with a live account.

★ REAL Traders ReportIC Markets Review 2026Read Review →

★ REAL Traders ReportPepperstone Review 2026Read Review →

★ REAL Traders ReportAvaTrade Review 2026Read Review →

★ REAL Traders ReportXM Review 2026Read Review →

★ REAL Traders ReportPlus500 Review 2026Read Review →

★ REAL Traders ReportRoboForex Review 2026Read Review →

★ REAL Traders ReportTMGM Review 2026Read Review →

★ REAL Traders ReportExness Review 2026Read Review →

★ REAL Traders ReportJustMarkets Review 2026Read Review →

How AFM Calculates the Trust Score

Five weighted factors — measured, not sponsored.

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 exactly how we score.

View Methodology →

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