Sample dataset. Every broker below is a fictional, illustrative profile built to demonstrate how ForxZen's ranking system works — not a real brokerage. Regulator tiers (FCA/ASIC/CySEC-class vs. offshore) are used correctly as a concept; the specific figures are for demonstration only. Always verify a real broker's licensing and terms directly with the regulator and the broker itself before depositing.
Meridian FX
London, UK · Founded 2009
Reviewed byElena Novak·Senior Forex & CFD Markets Analyst
Last reviewed:
Why this tier?
- Tier-1 regulation — FCA (UK) and ASIC (Australia) both license the entity operating this brand.
- Segregated funds — Client deposits are held in segregated bank accounts, separate from operating capital.
- Negative balance protection — Retail accounts cannot lose more than their deposited balance.
- Retail leverage cap honoured — Caps retail leverage at 1:30 in line with FCA/ESMA rules; higher leverage is professional-only.
Our Meridian FX review
Meridian FX is one of the few brokers in this sample set carrying two Tier-1 licenses at once, which is the single strongest signal we look for before anything else. Its ECN model means the spread you see is the raw interbank spread plus a disclosed commission — no markup hidden inside a wider spread.
The tradeoff is cost transparency over headline price: the advertised spread looks tighter on paper at some offshore competitors, but once you add their hidden markups the real cost is usually higher than Meridian's commission-inclusive total.
✓ Pros
- +Regulated by two Tier-1 authorities (FCA and ASIC)
- +Raw ECN pricing with disclosed per-lot commission
- +Segregated client funds and negative balance protection
✕ Cons
- −Commission is charged on top of the raw spread
- −No proprietary mobile platform — MT4/MT5/cTrader only
EUR/USD spread
0.6 pips
0.4–1.1 pips Sample dataset · not live
Min. deposit
$100
Max. leverage
1:30 (retail) / 1:500 (pro)
Execution
ECN
Platforms
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