Best Forex Brokers 2026
59 forex brokers rated on regulation, costs, platforms and support.
Forex Brokers ranking
JustMarketsβ β β β β Minimum deposit $1, leverage up to 1:3000 (offshore); 1:30 for EU retail clients, Market execution (STP/ECN-style)
IC Marketsβ β β β β Minimum deposit $200, leverage up to 1:30 retail (ASIC/CySEC); up to 1:1000 via offshore entities, ECN-style raw pricing, no dealing desk
Pepperstoneβ β β β β Minimum deposit $0, leverage up to 1:30 retail (ASIC/FCA/EU/DFSA); 1:200 retail via SCB Bahamas; up to 1:500 for professional clients
IGβ β β β β Minimum deposit $0, leverage up to 1:30 retail (UK, EU, Australia); 1:25 Japan; up to 1:200 via IG International (Bermuda), Market maker on standard CFDs; DMA via Forex Direct and L2 Dealer
OANDAβ β β β β Minimum deposit $0, leverage up to 1:50 on major pairs (US); 1:30 retail (UK/Australia); up to 1:200 tiered via OANDA Global Markets (BVI)
Saxoβ β β β β Minimum deposit $0, leverage up to 1:30 for retail clients in the UK and EU; varies by region and professional status
CMC Marketsβ β β β β Minimum deposit $0, leverage up to 1:30 retail (UK/EU); up to 1:200 for retail where local rules allow; up to 1:500 for professional clients
Interactive Brokersβ β β β β Minimum deposit $0, leverage up to Varies by country of residence and regulator; retail spot forex not available to US clients
Plus500β β β β β Minimum deposit $100, leverage up to 1:30 for retail clients in the UK, EU and Australia; higher for professional clients, Market maker
eToroβ β β β β Minimum deposit $50, leverage up to 1:30 on major FX for retail (FCA, CySEC, ASIC); up to 1:400 for professional clients and some offshore entities
XMβ β β β β Minimum deposit $5, leverage up to Up to 1:1000 (XM Global); 1:30 for EU, Australian and MENA-regulated clients, Market maker
Exnessβ β β β β Minimum deposit $10, leverage up to 1:2000 (unlimited for qualifying accounts under offshore entities), Market execution (STP/market maker hybrid)
FXTMβ β β β β Minimum deposit $200, leverage up to 1:3000 (floating, entity and instrument dependent), Market execution
FxProβ β β β β Minimum deposit $100, leverage up to 1:30 for UK/EU retail; higher, dynamic leverage (up to 1:500) via non-EU entities and for professionals, No dealing desk / market execution
AvaTradeβ β β β β Minimum deposit $100, leverage up to 1:400 (non-EU entities); 1:30 for EU and Australian retail, Market maker
Admiralsβ β β β β Minimum deposit $25, leverage up to 1:30 for UK/EU/Australian retail; up to 1:500 via international entities, Market execution
Tickmillβ β β β β Minimum deposit $100, leverage up to 1:1000 (Seychelles/FSCA entities); 1:30 for UK/EU retail, No dealing desk (STP/ECN)
FP Marketsβ β β β β Minimum deposit $100, leverage up to 1:500 (entity and instrument dependent); 1:30 for ASIC/CySEC retail, ECN / no dealing desk
HFM (HotForex)β β β β β Minimum deposit $0, leverage up to 1:2000 (offshore entities); 1:30 for UK/EU retail, Market execution
Vantageβ β β β β Minimum deposit $50, leverage up to 1:500 (offshore entities); 1:30 for ASIC/FCA retail, STP / ECN
Axiβ β β β β Minimum deposit $0, leverage up to 1:500 (offshore entity); 1:30 for ASIC/FCA retail, No dealing desk / market execution
ThinkMarketsβ β β β β leverage up to 1:500 (offshore entity); 1:30 for retail clients under FCA/ASIC/CySEC, Market execution (STP/market maker depending on entity)
Swissquoteβ β β β β Minimum deposit $1,000, leverage up to 1:100 (Swiss retail); 1:30 (UK/EU retail); up to 1:400 (professional), Market execution
FOREX.comβ β β β β Minimum deposit $100, leverage up to 1:50 (US majors); 1:30 (UK/EU retail); up to 1:400 (international entity), Market maker (dealing desk) with DMA option for high-volume traders
City Indexβ β β β β Minimum deposit $0, leverage up to 1:30 (UK retail, major FX); up to 1:400 for professional clients, Market maker
Capital.comβ β β β β Minimum deposit $20, leverage up to 1:30 retail (FCA/CySEC/ASIC); up to 1:500 under offshore entities, Market maker
XTBβ β β β β Minimum deposit $0, leverage up to 1:30 (UK/EU retail); up to 1:500 (international entity), Market maker
FXCMβ β β β β Minimum deposit $50, leverage up to 1:30 (UK/EU/Australia retail); higher for professional and offshore clients, No dealing desk / market maker depending on entity
Comparison table
| Name | Rating | Min. deposit | Max. leverage | Spreads from | Regulation |
|---|---|---|---|---|---|
| JustMarkets | 3.7 β | $1 | 1:3000 (offshore); 1:30 for EU retail clients | 0.0 pips (Raw Spread) | CySEC FSCA FSA Seychelles FSC Mauritius BVI FSC |
| IC Markets | 4.4 β | $200 | 1:30 retail (ASIC/CySEC); up to 1:1000 via offshore entities | 0.0 pips (Raw Spread); from about 0.6-0.8 pips (Standard) | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Baβ¦ |
| Pepperstone | 4.5 β | $0 | 1:30 retail (ASIC/FCA/EU/DFSA); 1:200 retail via SCB Bahamaβ¦ | 0.0 pips (Razor); from 0.1 pips on Standard per broker, aboβ¦ | ASIC (Australia) FCA (UK) CySEC (Cyprus) BaFin (Germany)β¦ |
| IG | 4.8 β | $0 | 1:30 retail (UK, EU, Australia); 1:25 Japan; up to 1:200 viβ¦ | About 0.9 pips EUR/USD average (standard CFD account) | FCA (UK) BaFin (Germany) ASIC (Australia) FINMA (Switzerβ¦ |
| OANDA | 4.3 β | $0 | 1:50 on major pairs (US); 1:30 retail (UK/Australia); up toβ¦ | 0.6 pips on major pairs (Standard, BVI); EUR/USD averaged aβ¦ | CFTC/NFA (US) FCA (UK) ASIC (Australia) CIRO (Canada) Mβ¦ |
| Saxo | 4.6 β | $0 | 1:30 for retail clients in the UK and EU; varies by region β¦ | 1.0 pip EUR/USD (Classic), 0.9 (Platinum), 0.8 (VIP) | Danish FSA (Denmark) FCA (UK) FINMA (Switzerland) MAS (Sβ¦ |
| CMC Markets | 4.6 β | $0 | 1:30 retail (UK/EU); up to 1:200 for retail where local rulβ¦ | 0.0 pips (FX Active); standard account EUR/USD averaged aboβ¦ | FCA (UK) ASIC (Australia) CIRO (Canada) MAS (Singapore) β¦ |
| Interactive Brokers | 4.7 β | $0 | Varies by country of residence and regulator; retail spot fβ¦ | About 0.2 pips EUR/USD average (IBKR Pro) | SEC/FINRA and CFTC/NFA (US) FCA (UK) Central Bank of Irelβ¦ |
| Plus500 | 4.1 β | $100 | 1:30 for retail clients in the UK, EU and Australia; higherβ¦ | EUR/USD averaged about 1.3 pips (October 2025) | FCA (UK) CySEC (Cyprus) ASIC (Australia) FMA (New Zealanβ¦ |
| eToro | 4.3 β | $50 | 1:30 on major FX for retail (FCA, CySEC, ASIC); up to 1:400β¦ | About 1 pip EUR/USD (typical variable spread) | FCA (UK) CySEC (Cyprus) ASIC (Australia) MAS (Singapore)β¦ |
| XM | 4 β | $5 | Up to 1:1000 (XM Global); 1:30 for EU, Australian and MENA-β¦ | 0.0 pips (Zero); about 0.8 pips (Ultra Low); Standard EUR/Uβ¦ | CySEC (Cyprus) DFSA (Dubai) FSC (XM Global Ltd, offshore)β¦ |
| Exness | 4.2 β | $10 | 1:2000 (unlimited for qualifying accounts under offshore enβ¦ | 0.0 pips (Raw Spread/Zero); 0.2 pips Standard | FSA (Seychelles) FSCA (South Africa) CMA (Kenya) CBCS (Curaβ¦ |
| FXTM | 3.9 β | $200 | 1:3000 (floating, entity and instrument dependent) | 0.0 pips (Advantage); 1.5 pips (Advantage Plus) | FSC (Mauritius) FSCA (South Africa) CMA (Kenya) CMA (Unitedβ¦ |
| FxPro | 4.4 β | $100 | 1:30 for UK/EU retail; higher, dynamic leverage (up to 1:50β¦ | 0.0 pips (Raw+/cTrader); 1.2 pips Standard | FCA (United Kingdom) CySEC (Cyprus) FSCA (South Africa) SCBβ¦ |
| AvaTrade | 4.2 β | $100 | 1:400 (non-EU entities); 1:30 for EU and Australian retail | About 0.9 pips on EUR/USD | Central Bank of Ireland ASIC (Australia) FSCA (South Africaβ¦ |
| Admirals | 4.3 β | $25 | 1:30 for UK/EU/Australian retail; up to 1:500 via internatiβ¦ | 0.0 pips (Zero); 0.5 pips (Trade) | FCA (United Kingdom) CySEC (Cyprus) ASIC (Australia) EFSA (β¦ |
| Tickmill | 4.4 β | $100 | 1:1000 (Seychelles/FSCA entities); 1:30 for UK/EU retail | 0.0 pips (Raw); 1.6 pips (Classic) | FCA (United Kingdom) CySEC (Cyprus) FSCA (South Africa) β¦ |
| FP Markets | 4.5 β | $100 | 1:500 (entity and instrument dependent); 1:30 for ASIC/CySEβ¦ | 0.0 pips (Raw); 1.0 pips (Standard) | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA β¦ |
| HFM (HotForex) | 4.2 β | $0 | 1:2000 (offshore entities); 1:30 for UK/EU retail | 0.0 pips (Zero); 0.2 pips (Pro Plus); 1.2-1.4 pips (Cent/Prβ¦ | FCA (United Kingdom) CySEC (Cyprus) FSCA (South Africa) β¦ |
| Vantage | 4.2 β | $50 | 1:500 (offshore entities); 1:30 for ASIC/FCA retail | 0.0 pips (Raw ECN/Pro ECN); 1.0 pips (Standard STP) | ASIC (Australia) FCA (United Kingdom) CIMA (Cayman Islandβ¦ |
| Axi | 4.1 β | $0 | 1:500 (offshore entity); 1:30 for ASIC/FCA retail | 0.0 pips (Pro/Elite); 0.9 pips (Standard) | ASIC (Australia) FCA (United Kingdom) DFSA (Dubai) FMA (β¦ |
| ThinkMarkets | 4.2 β | β | 1:500 (offshore entity); 1:30 for retail clients under FCA/β¦ | 0.0 pips (ThinkZero); 0.4 pips (Standard) | FCA ASIC CySEC FSCA DFSA JFSA CIMA FSC Mauritius FSβ¦ |
| Swissquote | 4.4 β | $1,000 | 1:100 (Swiss retail); 1:30 (UK/EU retail); up to 1:400 (proβ¦ | 0.6 pips (EUR/USD, Prime-type accounts); 1.3 pips (Standard) | FINMA FCA CSSF CySEC MFSA DFSA SFC MAS FSCA |
| FOREX.com | 4.4 β | $100 | 1:50 (US majors); 1:30 (UK/EU retail); up to 1:400 (internaβ¦ | 0.0 pips (RAW Spread); about 0.8 pips (Standard) | CFTC NFA FCA ASIC CIRO CySEC Japan FSA CIMA MAS |
| City Index | 4 β | $0 | 1:30 (UK retail, major FX); up to 1:400 for professional clβ¦ | Around 1.1 pips average on EUR/USD (spread-only account) | FCA |
| Capital.com | 4.3 β | $20 | 1:30 retail (FCA/CySEC/ASIC); up to 1:500 under offshore enβ¦ | About 0.7 pips average on EUR/USD | FCA CySEC ASIC SCB (Bahamas) SCA (UAE) CMA (Kenya) FSβ¦ |
| XTB | 4.4 β | $0 | 1:30 (UK/EU retail); up to 1:500 (international entity) | 0.5-0.8 pips minimum on EUR/USD; about 1.0 pip average | KNF (Poland) FCA CySEC DFSA FSCA FSC Belize FSA Seychβ¦ |
| FXCM | 3.9 β | $50 | 1:30 (UK/EU/Australia retail); higher for professional and β¦ | About 0.8-0.9 pips average on EUR/USD (spread-only); 0.3 piβ¦ | FCA ASIC CySEC CIRO FSCA FSA (St. Vincent and the Grenβ¦ |
| BlackBull Markets | 4 β | $0 | 1:500 | 0.1 pips (Prime); about 1.1 pips average on Standard | FMA (New Zealand) FSA (Seychelles) |
| Eightcap | 4.1 β | $100 | 1:30 (ASIC/FCA/CySEC retail); up to 1:500 (Bahamas entity) | 0.0 pips (Raw); 1.0 pip (Standard) | ASIC FCA CySEC SCB (Bahamas) FSC (Mauritius) FSA (Seycβ¦ |