Forex Brokers: Choosing a forex broker is mostly a question of safety first and costs second. This page ranks the most established retail forex and CFD brokers we track, from tightly supervised Tier-1 firms to popular offshore brands, so you can compare them side by side before reading the full reviews.
Each broker in the table links to an in-depth review covering its licences, account types, spreads and commissions, platforms, deposits and withdrawals. The live chart below shows EUR/USD, the most traded currency pair, with the RSI and MACD indicators, plus an indicator gauge that summarises moving averages and oscillators in real time.
All 50 Forex Brokers compared
- Editor's choice1Excellent
IG
β 11 licencesβ Tier 1DemoIG is a FTSE 250-listed broker founded in London in 1974 and regulated by the FCA, BaFin, ASIC, FINMA, MAS, JFSA and others. It offers 17,000+ CFDs, UK spread betting, share dealingβ¦
- Min. deposit
- Β£0
- Max. leverage
- 1:30
- Spread from
- 0.6 pips
- Platforms
- MT4, MT5, TradingView
- 2Excellent
Pepperstone
β 8 licencesβ Tier 1Copy tradingIslamic accountDemoPepperstone is a Melbourne-founded forex and CFD broker licensed by ASIC, the FCA, CySEC, BaFin, the DFSA and three other regulators. Its Razor account pairs raw spreads with a $3.50 per sideβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 3Excellent
Interactive BrokersPartner
β 10 licencesβ Tier 1DemoInteractive Brokers is a Nasdaq-listed US broker founded in 1977, regulated by the SEC, CFTC, FCA, CBI, ASIC, MAS and others. It offers 100+ currency pairs plus stocks, options and futures onβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.2 pips
- Platforms
- TradingView
- 4Excellent
CMC Markets
β 6 licencesβ Tier 1DemoCMC Markets is a London-listed CFD and spread betting broker founded in 1989, regulated by the FCA, BaFin, ASIC, MAS, CIRO and the FMA. It offers 300-plus currency pairs, thousands of CFDsβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 5Excellent
Capital.comPartner
β 9 licencesβ Tier 1Islamic accountDemoCapital.com is a CFD broker founded in 2016, regulated by the FCA, CySEC and ASIC and, from 2026, licensed in Kenya, South Africa and Singapore. It offers one commission-free account from $20,β¦
- Min. deposit
- $20
- Max. leverage
- 1:30
- Spread from
- 0.7 pips
- Platforms
- MT4, MT5, TradingView
- 6Excellent
FP Markets
β 6 licencesβ Tier 1Copy tradingIslamic accountDemoFP Markets is a Sydney broker founded in 2005 and licensed by ASIC, CySEC and the FSCA, with offshore entities in Seychelles and Mauritius. Its Raw account pairs 0.0-pip spreads with aβ¦
- Min. deposit
- $100
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 7Excellent
IC Markets
β 5 licencesβ Tier 1Copy tradingIslamic accountDemoIC Markets, rebranded as IC in 2026, is a Sydney-founded raw-spread CFD broker established in 2007 with ASIC and CySEC licences. It offers MT4, MT5, cTrader and TradingView at about 0.7-0.8 pipsβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 8Very good
XTB
β 9 licencesβ Tier 1Islamic accountDemoXTB is a Warsaw Stock Exchange-listed broker founded in 2002, regulated by the KNF, FCA, CySEC and others, with over 2.9 million clients. It offers spread-only forex CFDs, commission-free real stocks andβ¦
- Min. deposit
- β¬0
- Max. leverage
- 1:30
- Spread from
- 0.8 pips
- Platforms
- xStation 5
- 9Very good
SaxoPartner
β 6 licencesβ Tier 1DemoSaxo is a Copenhagen-based bank founded in 1992, designated systemically important by the Danish FSA and 71% owned by J. Safra Sarasin since 2026. It offers about 71,000 instruments on SaxoTrader withβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 1.0 pip
- Platforms
- TradingView
- 10Very good
FOREX.comPartner
β 8 licencesβ Tier 1Islamic accountDemoFOREX.com is StoneX Group's retail FX and CFD brand, founded in 1999 and licensed by the CFTC/NFA, FCA, ASIC, CIRO, CySEC and others. It offers Standard and RAW Spread accounts from $100β¦
- Min. deposit
- $100
- Max. leverage
- 1:50
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 11Very good
AxiPartner
β 7 licencesβ Tier 1Copy tradingIslamic accountDemoAxi, formerly AxiTrader, is a Sydney broker founded in 2007 and regulated by ASIC, the FCA, CySEC, the FMA and DFSA, with offshore units in SVG and Mauritius. It offers Standard, Proβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 12Very good
FxPro
β 5 licencesβ Tier 1Islamic accountDemoFxPro is a multi-platform CFD broker founded in 2006, authorised by the FCA and licensed in the Bahamas, Seychelles and South Africa; its CySEC client book is moving to Capital.com. It offersβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 13Very good
ThinkMarketsPartner
β 9 licencesβ Tier 1Copy tradingIslamic accountDemoThinkMarkets is a forex and CFD broker founded in 2010 with hubs in Melbourne and London and licences from the FCA, ASIC, CySEC, FSCA and others. It offers raw-spread ThinkZero and commission-freeβ¦
- Min. deposit
- $50
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 14Very good
Tickmill
β 5 licencesβ Tier 1Copy tradingIslamic accountDemoTickmill is a London-based forex and CFD broker founded in 2014, regulated by the FCA, CySEC, FSCA and Seychelles FSA. Its Raw account pairs near-zero spreads with a $3 per-side commission onβ¦
- Min. deposit
- $100
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 15Very good
Fusion Markets
β 4 licencesβ Tier 1Copy tradingIslamic accountDemoFusion Markets is a Melbourne broker founded in 2017, licensed by ASIC and CySEC with offshore entities in Seychelles and Vanuatu. It offers no minimum deposit, a Zero account at $4.50 perβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 16Very good
Vantage
β 6 licencesβ Tier 1Copy tradingIslamic accountDemoVantage, founded in Australia in 2009 and formerly Vantage FX, is a multi-entity CFD broker regulated by ASIC, the FCA, FSCA, CIMA and VFSC. It offers Standard STP and Raw ECN accountsβ¦
- Min. deposit
- $50
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 17Very good
eToroPartner
β 7 licencesβ Tier 1Copy tradingIslamic accountDemoeToro is a Nasdaq-listed multi-asset platform founded in 2007, regulated by the FCA, CySEC, ASIC, MAS and FSRA among others. It combines real stocks, ETFs and 150+ cryptocurrencies with CFDs, and itsβ¦
- Min. deposit
- $50
- Max. leverage
- 1:30
- Spread from
- 1.0 pip
- Platforms
- eToro web
- 18Very good
OANDA
β 8 licencesβ Tier 1Copy tradingDemoOANDA is a forex broker founded in 1996 and owned by prop firm FTMO since December 2025. It is regulated in the US, UK, Canada, Australia, Singapore, Japan, Poland and the BVI,β¦
- Min. deposit
- $0
- Max. leverage
- 1:50
- Spread from
- 1.6 pips
- Platforms
- MT4, MT5, TradingView
- 19Very good
AvaTrade
β 10 licencesβ Tier 1Copy tradingIslamic accountDemoAvaTrade, founded in 2006 in Dublin, is licensed by the Central Bank of Ireland, ASIC, Japan's FSA, the FSCA, ADGM FSRA and others. It offers commission-free CFDs from $100 on MT4, MT5,β¦
- Min. deposit
- $100
- Max. leverage
- 1:400
- Spread from
- 0.9 pips
- Platforms
- MT4, MT5
- 20Very good
City IndexPartner
β 1 licenceβ Tier 1DemoCity Index, the UK spread-betting pioneer founded in 1983, was retired as a brand on 12 September 2026 and now trades as StoneX Trading under StoneX Financial Ltd (FCA 446717). Accounts andβ¦
- Min. deposit
- β
- Max. leverage
- 1:30
- Spread from
- β
- Platforms
- TradingView, MT4, MT5
- 21Very good
EightcapPartner
β 6 licencesβ Tier 1DemoEightcap is a Melbourne broker founded in 2009 and regulated by ASIC, the FCA and CySEC, with offshore arms in the Bahamas, Mauritius and Seychelles. It offers Standard and Raw accounts fromβ¦
- Min. deposit
- $100
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 22Very good
Admirals
β 6 licencesβ Tier 1Islamic accountDemoAdmirals (formerly Admiral Markets) is a Tallinn-based MetaTrader broker founded in 2001, licensed by the FCA and CySEC, with most international clients served by its Seychelles entity. It offers Trade, Zero andβ¦
- Min. deposit
- $25
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 23Very good
Hantec MarketsPartner
β 5 licencesβ Tier 1Copy tradingDemoHantec Markets is the retail brand of the Hantec Group (est. 1990), regulated by the FCA and ASIC, with international clients served by its FSC Mauritius entity. It offers $10 accounts, MT4/MT5,β¦
- Min. deposit
- $10
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 24Very good
Exness
β 10 licencesβ Tier 2Islamic accountDemoExness is a high-volume CFD broker founded in 2008 that offers five MetaTrader account types from about $10, leverage up to 1:2000 and fee-free instant withdrawals. Retail clients are served via FSCA,β¦
- Min. deposit
- $10
- Max. leverage
- 1:2000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 25Very good
BlackBull MarketsPartner
β 2 licencesβ Tier 2Copy tradingIslamic accountDemoBlackBull Markets is an Auckland broker founded in 2014, supervised by New Zealand's FMA (FSP 403326) with a Seychelles FSA entity (SD045) for most international clients. It offers $0-minimum Standard and Primeβ¦
- Min. deposit
- $0
- Max. leverage
- 1:500
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, cTrader, TradingView
- 26Very good
SwissquotePartner
β 9 licencesβ Tier 1Islamic accountDemoSwissquote is a Swiss online bank founded in 1996 and listed on SIX since 2000, with entities supervised by FINMA, the FCA, CSSF, CySEC, DFSA, SFC, MAS and others. It offers forexβ¦
- Min. deposit
- $1,000
- Max. leverage
- 1:100
- Spread from
- 0.6 pips
- Platforms
- MT4, MT5, TradingView
- 27Very good
Dukascopy
β 3 licencesβ Tier 1Islamic accountDemoDukascopy is a Geneva-based Swiss bank founded in 2004 and supervised by FINMA, with subsidiaries regulated in Latvia and Japan. It offers ECN-style forex and CFD trading on JForex, MT4 and MT5β¦
- Min. deposit
- $100
- Max. leverage
- 1:200
- Spread from
- 0.1 pips
- Platforms
- MT4, MT5
- 28Very good
ActivTrades
β 6 licencesβ Tier 1Islamic accountDemoActivTrades is a London-based CFD and forex broker founded in 2001, regulated by the FCA and Portugal's CMVM with offshore units in the Bahamas, Mauritius, Brazil and the UAE. It offers spread-onlyβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.5 pips
- Platforms
- MT4, MT5, TradingView
- 29Very good
Trade NationPartner
β 6 licencesβ Tier 1Copy tradingIslamic accountDemoTrade Nation, known as Core Spreads until 2019, is a UK-based CFD and spread betting broker regulated by the FCA, ASIC, CMVM, FSCA, SCB and Seychelles FSA. It offers commission-free fixed spreadsβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.5 pips
- Platforms
- TradingView, MT4
- 30Very good
Plus500Partner
β 12 licencesβ Tier 1Islamic accountDemoPlus500 is a CFD provider founded in Israel in 2008 and listed on the London Stock Exchange since 2013. It holds 17 licences, including FCA, CySEC, ASIC and MAS, and offers 2,800+β¦
- Min. deposit
- $100
- Max. leverage
- 1:30
- Spread from
- 1.4 pips
- Platforms
- Plus500 WebTrader
- 31Very good
Darwinex
β 3 licencesβ Tier 1DemoDarwinex is a London-based broker and asset manager founded in 2012, authorised by the FCA and Spain's CNMV with a Seychelles arm. It offers low-commission MT4/MT5 trading and lets skilled traders turnβ¦
- Min. deposit
- $500
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 32Very good
EBC Financial GroupPartner
β 5 licencesβ Tier 1Copy tradingIslamic accountDemoEBC Financial Group is a London-founded broker (2020) with FCA, ASIC, CIMA and FSC Mauritius licences in the group. It offers MT4/MT5, Standard and Professional accounts, leverage up to 1:500 and freeβ¦
- Min. deposit
- $50
- Max. leverage
- 1:500
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 33Very good
Global Prime
β 2 licencesβ Tier 1Copy tradingDemoGlobal Prime is an Australian ECN-style broker founded in 2010, run under ASIC AFSL 385620 with a Vanuatu entity for international clients and owned by Fusion Markets since 2023. It offers rawβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 34Very good
XM
β 8 licencesβ Tier 2Copy tradingIslamic accountDemoXM is the retail brand of Cyprus-based Trading Point, founded in 2009 and serving over 15 million clients. EU and Dubai clients are covered by CySEC and DFSA, while most others joinβ¦
- Min. deposit
- $5
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 35Very good
HFM
β 6 licencesβ Tier 1Copy tradingIslamic accountDemoHFM, known as HotForex until 2022, is a forex and CFD group founded in 2010 with FCA, CySEC, FSCA, Seychelles and Kenyan licences. Most global clients, however, sign with an unlicensed SVGβ¦
- Min. deposit
- $0
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 36Good
FXCMPartner
β 5 licencesβ Tier 1Copy tradingIslamic accountDemoFXCM is a forex and CFD broker founded in 1999, run by Jefferies-controlled Stratos with FCA, CySEC, ASIC and FSCA entities. In October 2026 AvaTrade agreed to buy most of the businessβ¦
- Min. deposit
- $50
- Max. leverage
- 1:30
- Spread from
- 0.9 pips
- Platforms
- MT4, TradingView
- 37Good
FXTM
β 4 licencesβ Tier 2Islamic accountDemoFXTM (ForexTime) is an Exinity group broker founded in 2011, now licensed in Mauritius, South Africa, Kenya and the UAE after leaving the EU and UK. It offers Advantage Plus from $200β¦
- Min. deposit
- $200
- Max. leverage
- 1:3000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 38Good
JustMarketsPartner
β 5 licencesβ Tier 3Copy tradingIslamic accountDemoJustMarkets, formerly JustForex, has run since 2012 and holds five licences, including CySEC and the FSCA. Most international clients trade with its Seychelles entity, getting low-cost MT4/MT5 accounts from $10, leverage upβ¦
- Min. deposit
- $10
- Max. leverage
- 1:3000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 39Good
Libertex
β 4 licencesβ Tier 2DemoLibertex is the CFD brand of a group dating back to Forex Club (1997), run in the EU by Indication Investments Ltd under CySEC licence 164/12. It pairs near-zero spreads with aβ¦
- Min. deposit
- β¬100
- Max. leverage
- 1:30
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 40Good
Deriv
β 7 licencesβ Tier 2Copy tradingIslamic accountDemoDeriv, the successor to Binary.com (1999), offers forex and CFDs on MT5 and cTrader plus options, multipliers and 24/7 synthetic indices from a $5 deposit. It holds MFSA, UAE, Cayman and Mauritiusβ¦
- Min. deposit
- $5
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- cTrader
- 41Good
FBS
β 4 licencesβ Tier 2Islamic accountDemoFBS is a forex and CFD broker operating since 2009 that offers one commission-free Standard account on MT4, MT5 and its own app from about $5. International clients use the Belize FSCβ¦
- Min. deposit
- $5
- Max. leverage
- 1:3000
- Spread from
- 0.7 pips
- Platforms
- MT4, MT5
- 42Good
Moneta MarketsPartner
β 6 licencesβ Tier 2Copy tradingIslamic accountDemoMoneta Markets is a forex and CFD broker launched in 2020 inside the Vantage group and independent since 2022. It offers $50 STP and ECN accounts on MT4, MT5 and a TradingView-basedβ¦
- Min. deposit
- $50
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
- 43Good
PU PrimePartner
β 5 licencesβ Tier 2Copy tradingIslamic accountDemoPU Prime, formerly Pacific Union, is a forex and CFD broker founded in 2015 whose global clients are mainly served by a Seychelles FSA-licensed company. It offers Cent, Standard, Prime and ECNβ¦
- Min. deposit
- $20
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 44Good
RoboForexPartner
β 1 licenceβ Tier 3Copy tradingIslamic accountDemoRoboForex is an offshore broker founded in 2009 and licensed by the FSC of Belize. It offers MT4, MT5 and R StocksTrader with $10 accounts, raw-spread Prime pricing, more than 12,000 instrumentsβ¦
- Min. deposit
- $10
- Max. leverage
- 1:2000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 45Good
Headway
β 1 licenceβ Tier 2Copy tradingIslamic accountDemoHeadway is a broker founded in 2022 and run by Jarocel (Pty) Ltd in South Africa under FSCA licence 52108. It offers Cent, Standard and Pro accounts from $1 on MT4 andβ¦
- Min. deposit
- $1
- Max. leverage
- 1:2000
- Spread from
- 0.8 pips
- Platforms
- MT4, MT5
- 46Good
NAGA
β 4 licencesβ Tier 2Copy tradingIslamic accountDemoNAGA is a Hamburg-founded social trading broker whose Frankfurt-listed parent merged with CAPEX.com's owner in 2024. It offers 4,000+ instruments and Autocopy copy trading under CySEC, ADGM, FSCA and Seychelles licences, butβ¦
- Min. deposit
- $250
- Max. leverage
- 1:30
- Spread from
- 1.7 pips
- Platforms
- MT5, TradingView
- 47Good
Markets.com
β 3 licencesβ Tier 2Copy tradingIslamic accountDemoMarkets.com is a CFD brand launched in 2008 and owned by the Finalto group, regulated in the EU by CySEC (092/08) and in South Africa by the FSCA. It offers 2,000+ commission-freeβ¦
- Min. deposit
- $100
- Max. leverage
- 1:30
- Spread from
- 1.0 pip
- Platforms
- MT4, MT5, TradingView
- 48Good
DB InvestingPartner
β 4 licencesβ Tier 3Copy tradingIslamic accountDemoDB Investing is a Dubai-based broker whose client accounts sit with DB Invest Limited, licensed by FSA Seychelles (SD053). It offers MT5, social trading, 2,600+ instruments and leverage to 1:1000, but standardβ¦
- Min. deposit
- $10
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- MT5
- 49Good
NordFXPartner
β 2 licencesβ Tier 3Copy tradingIslamic accountDemoNordFX is an offshore MetaTrader broker founded in 2008, now licensed by the FSC Mauritius and FSA Seychelles after dropping its CySEC licence. It offers $10 accounts, 1:1000 leverage, crypto funding, copyβ¦
- Min. deposit
- $10
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5
- 50Good
TradeQuoPartner
β 3 licencesβ Tier 3Copy tradingIslamic accountDemoTradeQuo is a young offshore broker launched in 2020, trading through a Seychelles FSA-licensed company with an FSCA entity in South Africa. It offers MT4, MT5 and TradingView from $1 with lowβ¦
- Min. deposit
- $1
- Max. leverage
- 1:1000
- Spread from
- 0.0 pips
- Platforms
- MT4, MT5, TradingView
No match β try another name.
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Forex Brokers ratings comparison
How we rank forex brokers
Every broker receives an overall score out of five built from six areas: regulation and trust, trading conditions (spreads, commissions and execution), platforms and tools, deposits and withdrawals, range of markets, and education and research. Regulation carries the most weight. Brokers licensed by Tier-1 authorities such as the FCA, ASIC or CySEC score higher than firms that rely only on offshore registrations, because client money rules, negative balance protection and compensation schemes differ a lot between jurisdictions.
Data such as minimum deposits, leverage and licence numbers is checked against the broker’s own legal documents and public regulator registers, and reviewed regularly. Conditions can change, and they often differ between a broker’s entities, so always confirm the terms that apply in your country before opening an account.
Important risk notice
Forex and CFDs are leveraged products, and most retail accounts lose money. Only trade with money you can afford to lose, and treat the rankings as a starting point for your own research rather than a recommendation.
Forex Brokers: frequently asked questions
What is Forex Brokers?
Forex Brokers is covered on this page with the main facts in one place: what is offered, who can take part and which conditions apply. Offers like this change often, so always confirm the current details on the official page before you sign up.
Who can claim Forex Brokers?
Eligibility usually depends on your country of residence, a verified account and, for most trading promotions, a new or qualifying account. Read the eligibility section of the terms first; residents of some countries are excluded by the provider or by local rules.
What should I check before using Forex Brokers?
- The exact amount, percentage or reward and any maximum cap.
- Trading volume or lot requirements and the deadline to meet them.
- Which part can be withdrawn, and when.
- Which company and licence your account will be opened under.
Is Forex Brokers worth it?
It can be useful if the conditions match how you already trade. Do not change your strategy or risk more just to reach a bonus target. Trading leveraged products such as forex and CFDs carries a high risk of losing money.
Related: Latest forex bonuses on FxBonusMeet Β· FxNewBonus β forex news and guides































