Reviewer
Steffen Droell
Engine Forex Founder & Chief Editor
15+ years experience
Steffen Droll is the chief editor of Engine Forex. He set the scoring methodology every broker on the site is measured against, and he signs off on each review before it publishes, including checking every licence number against the regulator's own public register.
Published by Steffen Droell
Broker review
ThinkMarkets Review 2026: Six Verified Licences but Unverified Offshore Claims Lower the Trust CeilingThinkMarkets holds verified licences from the FCA (FRN 629628) and ASIC (AFSL 424700)%20PTY%20LTD), earning a Trust Score of 70/100 (Grade B). Standard-account spreads start from 0.4 pips with zero commission; the ThinkZero account charges $7 round-turn on raw spreads. Several offshore licences could not be confirmed o
Aug 13, 2026
Guide
Pips Lots and Leverage in Forex Trading: What They Mean and How They Work TogetherYou have opened a demo account. There is a dropdown labeled "lot size," a field for "leverage," and your platform quotes prices to four decimal places. None of it is explained. Understanding pips lots and leverage in forex trading is the first step toward knowing whether a given move makes you $10 or $1,000 on the exac
Aug 7, 2026
Guide
How the Forex Market Works: A Plain-Language Guide for BeginnersForex, short for foreign exchange, is the global marketplace where currencies are bought and sold. Understanding how the forex market works comes down to one core idea: you exchange one currency for another, hoping the value shifts in your favor. There is no central building or single exchange. Trading happens electron
Aug 7, 2026
Guide
What Is Leverage in Forex? The Real Numbers on Risk and RewardWhat if you could control $100,000 in the currency market with just $1,000 in your account? That is exactly what borrowed trading capital offers. It is also why this mechanism destroys accounts that are not prepared for it.
Aug 6, 2026
Broker review
AvaTrade Review 2026: Broad Regulation and Free Platforms for Multi-Asset TradersAvaTrade is a well-regulated broker headquartered in Dublin, Ireland. Irish and EEA traders onboard under AVA Trade EU Limited, regulated by the Central Bank of Ireland (C53877), with ICCL investor compensation, negative balance protection, and segregated client funds. The main caveat: spread data is not prominently pu
Aug 3, 2026
Guide
MT5 Guide for Beginners: How to Trade on MetaTrader 5You just signed up with a broker. They handed you a login and told you to download something called MetaTrader 5. Now you are staring at a screen full of charts, numbers, and buttons you have never seen before. Sound familiar?
Jul 28, 2026
Broker review
IC Markets Review 2026: Raw spreads and fast execution for serious tradersIC Markets is an ASIC-regulated broker delivering tight raw spreads (from 0.0 pips, averaging 0.1 pips on EUR/USD), sub-40ms execution, and four platform choices. The trade-off? A USD $200 minimum deposit, leverage capped at 1:30 (AU), and minimal education. If you already know how to trade, IC Markets belongs on y
Jul 28, 2026
Broker review
Fusion Markets Review 2026: Low-Cost Trading With a Regulatory Catch Worth UnderstandingFusion Markets has built its entire identity around one promise: cheaper trading. The numbers back it up. A $4.50 round-turn commission on the Zero account, spreads starting from 0.0 pips, and no minimum deposit make this broker genuinely hard to beat on cost. It holds an ASIC licence (tier-1), giving Australian trader
Jul 26, 2026
Broker review
Tickmill Review 2026: Strong multi-regulation with raw spreads from 0.0 pips- FCA, CySEC, DFSA, and Seychelles FSA licences all verified on official registers.
Jun 25, 2026