Why Trust Us?

Since our launch in Stockholm in 2011, we have earned the trust of traders all around the world by providing truly independent Forex broker reviews. Our team of experts have assessed more than 180 brokers and written more than 300,000 words of in-depth reviews. FxScouts reviews are honest, 100% unbiased and based on accurate data and facts. We always tell it like it is. If a broker doesn’t measure up to our rigorous evaluation, we say so.

Our mission is simple: to protect traders from scams, misleading claims, and untrustworthy brokers. With a global reach that spans five continents, with input from local experts in Europe, Asia, Africa and the Americas. We provide free access to reliable, up-to-date, and helpful information, empowering traders to make smart trading decisions.

We know that Forex trading can seem overwhelming, especially for newcomers. That’s why we go beyond reviews to educate and empower traders at all levels. Whether you're just starting out or refining your trading strategy, our education resources make complex concepts clear and easy-to-understand. We provide actionable insights to help build confidence, make you a better trader, and ultimately succeed in Forex trading.

Our approach to Forex broker reviews is rooted in three guiding principles: Independence, Honesty, and Impartiality. These values are not just a statement—they are woven into every aspect of our work. We pride ourselves on providing honest assessments and objective recommendations, all backed by rigorous research. Our top priorities are our readers' safety and success, and we do not compromise on our standards.

To uphold these values, we adhere to the following criteria in every review and recommendation:

• Transparency: If a broker poses a potential risk to your investments, we make it clear. We won’t shy away from flagging fraudulent practices, high fees, or poor regulatory standards, ensuring you know the risks before you open an account with them.
• Constructive Criticism: When we identify areas where a broker could improve, we don’t hesitate to speak up. We help you avoid brokers who aren’t living up to their promises and highlight better alternatives.
• Praise for Excellence: Conversely, when we find brokers who go above and beyond, we highlight their strengths. Our recommendations come from genuine admiration and appreciation for companies that excel in providing value, trust, and outstanding service to their clients.
• Editorial Integrity: While our revenue comes from affiliate relationships and advertising revenue, brokers never ‘buy’ good reviews or rankings. We only work with the best, and partners undergo a strict vetting process. We maintain strict editorial independence, ensuring that all our content reflects our honest opinion and isn’t altered to appease any business interests. 
• Unbiased Algorithms: Our proprietary Broker Score and Trust Rating systems are based on solid data that evaluate eight key factors including regulatory status, fees, execution speed, and customer service response times. The results are never manipulated to favour one broker over another. We let the data speak for itself, providing you with an accurate and fair assessment of each broker’s true value.
• Data Privacy: We firmly believe that privacy and confidentiality are paramount. That’s why we adhere to strict international protection of privacy standards and do not sell data to third parties, with all our websites protected with industry-standard encryption.

At FxScouts, our testing process is anything but ordinary. We go beyond the basics to deliver comprehensive, data-driven reviews that reflect each broker's offering. This includes validating regulatory findings, hands-on testing through live accounts, dissecting the fine print on broker disclosures, assessing their platforms, trading costs, customer support services, and more, so when we say we test brokers, we mean it. 

Our in-depth testing process includes the following:

• Verifying Claims: We ensure that brokers’ claims match their service offerings. For example, if a broker advertises low spreads or specific account features, we validate these claims in a live trading environment.
• Assessing Platforms and Tools: We evaluate the user experience, ease of use, and functionality of trading platforms, ensuring traders can access the tools they need to trade successfully.
• Examining Fees and Withdrawal Processes: Hidden fees and slow withdrawal times can affect your profits. We make it a point to assess how brokers handle deposits, withdrawals, and charges, ensuring you won’t be caught off guard by unexpected costs.
• Ongoing Updates: The Forex market evolves quickly, and so do brokers. We are committed to regularly updating our reviews to reflect changes in brokers' services, platforms, or fees, ensuring you always have access to the latest information.
• Three-Step Editorial Review: Every review goes through a three-step editorial review to ensure accuracy and that our high standards are upheld.

Through this exhaustive testing process, we have built a reputation for providing reliable, up-to-date information that traders can trust.

As part of our commitment to transparency, FxScouts Group AB is a full LEI Member, meaning we adhere to the highest accountability standards within the international financial community. Our LEI Membership number is 254900LUG07G07A31U72, which can be verified through the Global LEI Index. This membership allows us to maintain a transparent identity, ensuring our operations are trustworthy and aligned with global standards.

Meticulous Fact-Checking

All content is fact-checked by our senior analysts before publication, ensuring accuracy and reliability. If it’s not backed up by verifiable facts, it doesn’t get published.

Recognising Excellence: The FxScouts Annual Forex Awards

Each year, we celebrate the best in the industry with the FxScouts Annual Forex Awards. These awards are unique in that they are based entirely on the results of user tests and broker performance, with no broker nominations allowed. This makes our awards some of the most independent and unbiased in the Forex industry.

We believe in recognising brokers who provide the best value and service to traders, regardless of their size or market influence. Our Forex Awards are a true reflection of what traders experience, ensuring that only the most deserving brokers receive accolades.

We believe that education is the key to success in Forex trading. That’s why we offer a wide range of educational content, from beginner to advanced level. Whether you’re just starting to understand the basics or looking to refine your trading strategy, we have resources catering to your needs. Learn essential Forex terminology, trading strategies, and the ins and outs of the market to trade confidently and effectively.

Our educational content is free, easy to understand, and designed to help you build the foundation for a successful trading career. We cover everything from Forex trading basics to technical analysis to risk management, ensuring you have the knowledge to make informed decisions.

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