WikiFX Report: The Best 10 Brokers for Your Trading Safety in 2023

TOP 10: STARTRADER

Reason for Listing: In 2023, the broker was very active and participated in various industry events, including the Wiki Finance EXPO Hong Kong. Although the score of 8.33 is not the highest, it surpasses the majority of brokers.

WikiFX Rating: 8.33/10

Starting our list is STARTRADER, offering a solid option with a commendable WikiFX rating of 8.33/10. This broker ensures a reasonable level of safety for traders. STARTRADER is a forex broker that offers trading services for 200+ financial instruments, including forex currency pairs, and commodities such as gold and oil.

On-site Inspection

TOP 9: HFM

Reason for Listing: HFM is a highly reputable broker in the industry. It performs exceptionally well across various dimensions and has earned the trust of many investors.

WikiFX Rating: 8.81/10

Known for its competitive offerings, HFM secures the second spot with a robust WikiFX rating of 8.81/10. Traders can rely on this platform for a safe and efficient trading experience.

On-Site Inspection

WikiFX has made a field survey on this broker, and we successfully found its office, which shows the reliability of HFM.

Top 8: Pepperstone

Reason for Listing: Pepperstone has consistently demonstrated its reliability as a forex broker over the course of several decades. WikiFX has not exposed any concerning information about this broker, and the score of 8.95 reflects WikiFX's positive stance.

WikiFX Rating: 8.95/10

With a WikiFX rating of 8.95/10, Pepperstone is recognized for its stability and transparency. This broker caters to the safety concerns of traders, making it a noteworthy choice. Pepperstone is a forex and CFD broker founded in 2010 in Melbourne, Australia. It offers a wide range of trading instruments including Forex, indices, commodities, and cryptocurrencies.

On-Site Inspection

Pepperstone joins Wiki Finance EXPO Sydney 2023 as one of the sponsors. During that period, this broker showed how reliable a broker should be.

Top 7: GO MARKETS

Reason for Listing: GO MARKETS places great importance on its industry influence. Throughout its nearly 20 years of operation, this broker has consistently been a leader in the industry, serving a large number of traders and garnering substantial support.

WikiFX Rating: 8.96/10

GO MARKETS claims its place as a top-tier broker with a WikiFX rating of 8.96/10. Traders can feel confident in the safety measures implemented by this platform. Go Markets is an Australia-based forex and CFDs broker founded in 2006. The broker provides 1000+ tradable CFD instruments including forex, shares, commodities, indices, metals, and treasuries.

On-Site Inspection

The field survey verified that GO MARKETSs real address is consistent with that from regulatory information.

Top 6: Exness

Reason for Listing: As one of the most renowned brokers in the industry, Exness consistently provides investors with a trustworthy trading platform.

WikiFX Rating: 9.03/10

Offering an impressive WikiFX rating of 9.03/10, Exness stands out as a broker committed to providing a secure trading environment. This platform is highly regarded for its reliability.

Exness offers a wide range of financial instruments for trading, including precious metals, energy, indices, and stocks. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MT5, both available on desktop.

On-Site Inspection

WikiFX has paid a site visit to the address of Exness in Cyprus. And Exness's real office address matches its regulatory information.

Top 5: IC Markets

Reason for Listing: IC Markets has consistently been a regular participant in major industry events. As an industry leader, IC Markets always provides traders with cutting-edge trading services.

WikiFX Rating: 9.12/10

Positioned among the best, IC Markets boasts a WikiFX rating of 9.12/10. This broker prioritizes safety, ensuring traders can focus on their strategies without compromising security.

IC Markets is an Australian-based online forex and CFD broker that provides traders access to the global financial markets. The company was founded in 2007 and is regulated by the ASIC. IC Markets offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

On-Site Inspection

IC Markets has joined Wiki Finance EXPO Sydney 2023 as a sponsor, and many traders have witnessed the great achievement of IC Markets.

Top 4: FxPro

Reason for Listing: FxPro is a well-established forex broker with mature trading conditions, providing convenience for millions of investors to gain significant profits.

WikiFX Rating: 9.13/10

FxPro secures its place with a robust WikiFX rating of 9.13/10. This broker's commitment to safety is reflected in its high rating, offering traders peace of mind. FxPro is a reputable UK-based broker that provides online trading services to a global audience. FxPro offers its clients a diverse range of products, including forex, shares, indices, futures, and spot metals.

On-Site Inspection

The investigators went to London, UK to visit the foreign exchange broker FxPro as scheduled, and found the brokers name at its currently registered business address, which indicates that the company has a physical business office here.

Top3: XM

Reason for Listing: When you mention 'forex broker,' do you think of the well-known broker - XM？ You're right. Ranking third on the leaderboard is the renowned XM. In 2023, this broker continued to perform steadily, maintaining a leading position in the industry.

WikiFX Rating: 9.14/10

With a commendable WikiFX rating of 9.14/10, XM is a broker known for its reliability and safety standards. Traders can trust this platform to protect their interests. XM is a Forex and CFD based in Cyprus and regulated by several internationally renowned financial authorities, including ASIC, CYSEC, FSA, FSC and DFSA. It offers a wide variety of financial instruments, including cryptocurrencies, stocks, metals, currency pairs, indices, energies, etc.

On-Site Inspection

WikiFX made field surveys on the XM offices in Cyprus and Dubai UAE. The team successfully found the offices. They do exist.

Top2: AvaTrade

Reason for Listing: Regarding AvaTrade, it's really hard to find negative news about this broker. Whether it's regulatory information, user feedback, or risk management capabilities, this broker has consistently set the industry benchmark. A score of 9.32 is well-deserved.

WikiFX Rating: 9.32/10

AvaTrade emerges as one of the top-rated brokers with an impressive WikiFX rating of 9.32/10. This broker prioritizes safety, making it a preferred choice for many traders. AvaTrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland. It offers a range of assets including forex, CFDs, stocks, indices, commodities, and cryptocurrencies.

On-Site Inspection

The investigators went to visit the dealer AVATRADE in Tokyo, Japan as planned. The dealers logo can be found on the publicly displayed address, indicating that the dealer has a real business place.

Top1: FXCM

Reason for Listing: In the current year, the top-ranked broker is FXCM, demonstrating excellence in various dimensions as expected of a top-tier broker. We have received numerous positive reviews about this broker and have not encountered any negative feedback. With over 20 years of operation, FXCM has earned numerous accolades, establishing itself as a benchmark in the industry. The trading services it provides to users are unparalleled by many other brokers.

WikiFX rating: 9.42/10

Topping the list is FXCM, securing the highest WikiFX rating of 9.42/10. This broker excels in ensuring the safety of traders' investments, establishing itself as a leader in the industry. FXCM is a retail forex broker that was founded in 1999. The company is headquartered in London, UK, but has offices and affiliates in several other countries.

On-Site Inspection

The investigators went to London, UK to visit the foreign exchange broker FXCM as scheduled, and spotted the broker's name at its currently registered business address, which indicates that the company has a physical business office here.

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)

Conclusion

WikiFX relies on the accumulation of massive data and advanced financial technology. Currently, it provides information verification services for global forex traders to over 21 million users in 180+ countries and regions. It offers comprehensive references for investors from multiple dimensions, including regulatory status, licensing qualifications, risk information, credit evaluation, and on-site inspections.

There are still many other solid brokers in the industry. Unfortunately, we cannot list them all. A high-scored regulated broker is a better option for your trading safety. If you want to check more reliable brokers, you can visit the WikiFX webpage or download the WikiFX app to explore on your own. Always prioritize due diligence to ensure a secure and successful trading journey.

By choosing traders through WikiFX, forex investments become safer. We hope you have a more exciting trading experience in the future. Hope you have a wonderful trading experience in 2024!