Compare Forex Brokers

Comparing brokers is the most important thing you do before handing your money to a broker. Two brokers may look alike in their ads, yet one holds several active licenses from reputable bodies while the other has nothing more than a simple registration on a distant island; one's website opens from Iran while the other can't be reached without changing your IP. The forex broker comparison tool at the top of this page puts these differences side by side in a single table: you pick up to four brokers and see, row by row, which one is ahead on trust, access for Iranians, trading conditions, features and bonuses. In this guide we go through the criteria for choosing a broker in order of importance, show where each criterion appears in the table, and explain how to use "My priorities" to answer the age-old question "which broker is better" for your own situation.

Why compare brokers before opening an account?

Most losses tied to a broker come not from bad analysis but from a hasty choice: a withdrawal stuck for weeks, a bonus whose hidden conditions won't let you withdraw your profit, or a website that suddenly stops opening from Iran. Checking each site one by one takes time, and every broker highlights only its own strengths. A side-by-side comparison solves this, because all the options are measured with the same yardstick.

If you're not sure where to start yet, you don't have to pick anything. The page opens empty with no broker preselected; you add any broker you have in mind by typing its name into the empty slots. To replace any column, just type the broker's name in the empty slot and the search will show suggestions. You can find the full list of brokers on the forex brokers page and their weekly standing in the Teagle ranking .

Comparing broker regulation and assessing trust

The first and most important group in the table is "Trust and security", because if a broker isn't trustworthy, all its other scores become meaningless. This group shows the Teagle score (out of 5), the user score and the number of user reviews side by side. A user score that rests on only a few reviews carries less weight than one backed by hundreds of real experiences, so look at the number of reviews alongside the score.

Licenses and regulators

The "Regulation and licenses" row shows the number of active licenses and the names of the issuing bodies. When comparing broker regulation, the number alone isn't what matters; the credibility of the regulator carries more weight. One license from a strict regulator that requires segregated client accounts and regular reporting is worth more than several registrations with lightly supervised bodies. The "Average credibility score" row sums up this same weight. If you're not familiar with how regulators are graded, read the article Broker regulation and how it is graded .

Risk index and active warnings

The "Teagle risk index" is a number from 0 to 100 together with a risk level, and it takes several signals into account at once. Next to it, the "Active risk warning" row shows whether a warning has been recorded for this broker. An active warning doesn't necessarily mean fraud, but it is reason enough to read its details on the risk warnings page before depositing. Years in operation and country of registration are two more rows in this group; a broker that has operated for years without controversy usually carries less risk than a new name.

Broker selection criteria for Iranians and trading conditions

The best forex broker for Iranians isn't necessarily the best broker for a European trader. The "For Iranians" group measures exactly this difference: whether the website opens from Iran, what percentage of the time it was reachable over the past seven days, whether it serves Iranians, whether you need to change your IP to log in, and whether it offers Persian-language support. Access status comes from Teagle's own monitoring from inside Iran, and you can also follow the details on the website access status page. A broker whose login depends on changing your IP may cause more trouble during identity verification or withdrawal.

Deposits, withdrawals, minimum deposit and leverage

The "Trading conditions" group shows deposit and withdrawal methods, the minimum deposit, maximum leverage and the other values recorded for each broker in the Teagle panel. For an Iranian user, deposit and withdrawal methods often matter more than leverage; above all, make sure the method you have access to is supported for both deposits and withdrawals. A low minimum deposit is attractive for starting with small capital, and a list of such options is in the article Best forex brokers for small capital . High leverage isn't an advantage either, just a tool; with more leverage, the same small price move creates a bigger loss. Before choosing your leverage, measure the size and risk of each trade with the trader's calculator .

Account type and features

The "Features" group has yes/no rows: copy trading, EA support, ECN account, Islamic account, scalping allowed, hedging allowed, trading during news, PAMM and instant verification. Read these according to your own style; for someone who doesn't run bots, the lack of EA support doesn't matter. If the difference between an ECN account and regular accounts isn't clear to you, see the article What is an ECN account at a broker . The table doesn't show spread and commission figures for most brokers, so check these costs separately on the broker's own website; the concept is explained in the article What is spread in forex .

Bonuses: attractive but full of conditions

The "Bonus" group shows whether the broker has an active bonus or discount on record. A bonus shouldn't be your main selection criterion. Most bonuses come with a trading volume requirement, and until you meet it, you can't withdraw the profit or the bonus itself. Read the full terms of the recorded bonuses on the broker bonuses page, and never use a riskier broker just for a bonus.

How to read the comparison table

In each row, the best value gets a "Best" badge, and the page counts how many rows each broker leads in. This count is a good starting point, but it isn't the final verdict; leading in ten minor rows doesn't weigh the same as leading in regulation. That's why you should always read the "Best" badges alongside the group they appear in.

When brokers are alike in many rows, the "Differences only" option hides identical rows so your attention stays on the real differences. With "Choose criteria" you can also drop any row that doesn't matter to you. All these choices are saved in the page link; with "Share this comparison" you send the same table with the same settings to a friend or advisor, and they see exactly what you saw.

My priorities and your own criterion: choosing the right broker for you

The "My priorities" section has a slider for each group, from "Not important" to "Very important". As you adjust them, the tool builds a personal score from 0 to 100 for each broker and shows a short summary. This is where the question "which broker is better" gets a real answer, because the answer depends on your priorities. If you have a criterion that isn't in the table, such as Telegram support, create a new row with "Your own criterion" and give each broker 1 to 5 stars; this row is also counted in the personal score.

Consider two examples. A scalper who makes dozens of short trades a day will probably set the "Features" group to very important, because scalping permission, an ECN account and trading during news are vital to them; they'll also set the bonus group to not important. A beginner with small capital, on the other hand, sets trust and security and access for Iranians to very important, pays attention to the minimum deposit under trading conditions, and considers features like EA and PAMM less important. The personal scores of these two people may turn out completely different, and both are right.

Common mistakes when comparing forex brokers

• Choosing based on bonuses: a big bonus often comes with heavy conditions and is no substitute for a reputable license.
• Chasing the highest leverage: higher leverage means higher risk, not more opportunity.
• Ignoring withdrawals: many people check only the deposit method and get caught off guard when withdrawing.
• Trusting a score without the number of reviews: a high score from only a handful of reviews isn't a reliable indicator.
• Overlooking access from Iran: a broker whose website keeps going down causes trouble at critical market moments.
• Confusing "most Bests" with "best fit": Counting the top rows is no substitute for your own priorities.

A short checklist before opening an account

1. Check the active licenses and the regulator's name in the table, and assess how credible the regulator is.
2. Check the risk index and any active warnings.
3. Make sure the site is accessible from Iran and has responsive support.
4. Find the deposit and withdrawal method you actually use.
5. Read the spread and commission for the account you want on the broker's website.
6. Set your priorities and see your personal score.
7. Start with a small amount first and make a test withdrawal.

The data on this page comes from the Teagle panel, the Teagle risk index, Teagle's accessibility monitoring from inside Iran, and registered bonuses. This comparison is a decision-support tool, not investment advice; trading leveraged markets carries the risk of losing capital, and the final decision is yours.