CompareForexBrokers


CompareForexBrokers is an Australian website that publishes comparisons and reviews of foreign exchange and Contract for difference brokers. The site was launched in 2014 by Justin Grossbard and Noam Korbl and later expanded beyond Australia with country-specific pages and guides.

History

CompareForexBrokers launched in October 2014 as a comparison site focused on broker fees and trading platforms. Over the years, it expanded to include country-specific comparison pages and educational resources for retail traders. The site now publishes explainers and regional guides, including pages for New Zealand, the United Kingdom, and the United States. Industry trade publications have also covered related projects by the founders in similar comparison niches, such as reviews of proprietary trading firms.
CompareForexBrokers began in October 2014 as a comparison site focused on trading platform features and broker fees. As the site grew, it introduced country-specific comparison pages and added educational resources for retail traders. It now produces explainers and regional guides, including dedicated pages for New Zealand, the United Kingdom, and the United States. Industry trade outlets have also reported on related projects by the founders in adjacent comparison areas, such as proprietary-trading firm reviews.
CompareForexBrokers has presented its annual "Forex Broker Awards" since the early 2020s, highlighting top brokers in categories such as "Best MetaTrader 4 Broker" and "Most Trusted Broker."
In 2025, Pepperstone was named the Overall Best Broker, while Vantage Markets received the award for "Best Range of Markets."

Controversies

Regulatory note

In February 2021, New Zealand’s Financial Markets Authority issued a consumer notice clarifying that although CompareForexBrokers had released a press statement about its broker comparisons, the service is neither regulated nor endorsed by the FMA, and readers should exercise caution.

Legal dispute

In 2018, CompareForexBrokers became involved in a shareholder dispute with Australian entrepreneur Adir Shiffman, who held a minority stake in the company through BBHF Pty Ltd and briefly served as a director. Shiffman alleged he was excluded from key decisions, claiming minority shareholder oppression. The matter was settled confidentially later that year, with no terms made public.
The dispute resurfaced in 2024 during Shiffman’s separate litigation against mattress company Sleeping Duck, when the Supreme Court of Victoria referenced the 2018 CompareForexBrokers case as an earlier example of shareholder conflict.