Best Forex Brokers 2026
We compare forex brokers on regulation, trading costs, leverage, platforms, deposit methods and current bonuses. Ratings are editorial and reviewed regularly — always check the broker's own terms before you open an account.
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Forex Brokers ranked
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1
London-based, FTSE 250-listed broker founded in 1989, regulated by the FCA, ASIC and BaFin, with 12,000+ CFDs and its Next Generation platform.
- Min. deposit
- $0
- Max. leverage
- 1:200 retail (Bermuda entity) / 1:30 (UK & EU reta
- Spreads from
- 0.0 pips (FX Active, 6 majors)
- Platforms
- CMC Next Generation (web, Windows desktop), CMC mobile app, MetaTrader 4, MetaTrader 5, TradingView
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2
Pepperstone is a Melbourne-founded, multi-regulated forex and CFD broker offering Razor raw spreads with MT4, MT5, cTrader and TradingView.
- Min. deposit
- No minimum
- Max. leverage
- 1:500 (Bahamas Pro) / 1:400 (Kenya) / 1:200 (Baham
- Spreads from
- 0.0 pips (Razor)
- Platforms
- Pepperstone platform (web/mobile), MetaTrader 4, MetaTrader 5, cTrader, TradingView
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3
IG is a London-based, FCA-regulated broker founded in 1974, offering forex, CFDs and spread betting on 17,000+ markets via its own platform, MT4 and TradingView.
- Min. deposit
- No minimum (bank transfer); $50 by card
- Max. leverage
- 1:200 (IG International, Bermuda) / 1:30 (UK & EU
- Spreads from
- 0.6 pips EUR/USD (standard)
- Platforms
- IG web platform, IG mobile app, MetaTrader 4, TradingView, ProRealTime, L2 Dealer
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4
Nasdaq-listed multi-asset broker offering 100+ FX pairs with pass-through interbank quotes and low commissions, under SEC, FCA, CBI and ASIC oversight.
- Min. deposit
- $0
- Max. leverage
- 1:30 retail (UK/EU/AU/Canada); 1:20 Hong Kong/Sing
- Spreads from
- 0.1 pips (pass-through interbank quotes)
- Platforms
- Trader Workstation (TWS), IBKR Desktop, Client Portal (web), IBKR Mobile, TradingView, API
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5
Sydney-founded (2005) forex and CFD broker regulated by ASIC and CySEC, known for raw spreads, MT4/MT5, cTrader and TradingView access.
- Min. deposit
- $100
- Max. leverage
- 1:500 (Seychelles/Mauritius/South Africa) / 1:30 (
- Spreads from
- 0.0 pips (Raw)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, FP Markets App, WebTrader, IRESS
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6
Ireland-based CFD broker founded in 2006, regulated by the Central Bank of Ireland, ASIC, JFSA and others, with commission-free trading.
- Min. deposit
- $100
- Max. leverage
- Up to 1:400 (FSCA/ADGM, Professional) / 1:200 (BVI
- Spreads from
- 0.9 pips (EUR/USD, standard)
- Platforms
- AvaTrade WebTrader, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaOptions, AvaFutures, AvaSocial, DupliTrade
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7
IC Markets (now branded IC) is an ASIC- and CySEC-regulated raw-spread broker popular with scalpers, offering MT4, MT5, cTrader and TradingView.
- Min. deposit
- No minimum ($200 recommended)
- Max. leverage
- 1:5000 (Seychelles, dynamic) / 1:30 (EU & Australi
- Spreads from
- 0.0 pips (Raw Spread)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, mobile apps
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8
Long-established forex broker founded in 1996, regulated in eight markets including the US, UK and Australia, with no minimum deposit.
- Min. deposit
- $0
- Max. leverage
- Up to 1:888 (BVI) / 1:50 (US majors) / 1:30 (UK/EU
- Spreads from
- 0.0 pips (core pricing)
- Platforms
- OANDA Trade (web, desktop, mobile), MetaTrader 4, MetaTrader 5 (select entities), TradingView, API
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9
FTSE 250-listed CFD provider founded in 2008, regulated by FCA, CySEC, ASIC, MAS and others, offering a proprietary app with no commissions on CFDs.
- Min. deposit
- €50 / ~$100 (varies by country and method)
- Max. leverage
- 1:30 (UK/EU/Australia retail); higher for professi
- Spreads from
- Variable, spread-only pricing
- Platforms
- Plus500 WebTrader, Plus500 iOS and Android apps, T4 (US futures)
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10
Danish-licensed bank offering FX, CFDs, stocks, bonds and options across 71,000+ instruments on its own SaxoTrader and SaxoInvestor platforms.
- Min. deposit
- $0 (no minimum in most regions; $5,000 for MENA vi
- Max. leverage
- 1:30 for retail clients (3.33% EUR/USD margin, UK/
- Spreads from
- 0.7 pips EUR/USD (Classic, advertised minimum)
- Platforms
- SaxoTrader (web, desktop, mobile), SaxoInvestor, TradingView, OpenAPI, FIX API
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11
Low-cost forex and CFD broker founded in 2014, regulated by the FCA, CySEC and FSCA, with raw spreads and $3 per side commissions.
- Min. deposit
- $100
- Max. leverage
- Up to 1:1000 (Seychelles) / 1:30 (UK/EU retail)
- Spreads from
- 0.0 pips (Raw)
- Platforms
- MetaTrader 4, MetaTrader 5, Tickmill Trader, TradingView, CQG/AgenaTrader/TT (UK futures)
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12
Warsaw-listed broker offering 71 FX pairs, CFDs, real stocks and ETFs on its xStation 5 platform, with no minimum deposit and FCA, CySEC and KNF oversight.
- Min. deposit
- $0
- Max. leverage
- 1:30 (EU/UK retail) / up to 1:500 (Belize entity a
- Spreads from
- 0.7–0.8 pips EUR/USD (standard account minimum)
- Platforms
- xStation 5 (web, desktop, mobile)
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13
Nasdaq-listed social trading platform with copy trading, 65+ FX pair CFDs, real stocks and crypto, regulated by the FCA, CySEC, ASIC and MAS.
- Min. deposit
- $50–$10,000 depending on country (typically $50–$1
- Max. leverage
- 1:30 for retail (FCA/CySEC/ASIC); up to 1:400 for
- Spreads from
- 0.005% of trade value on EUR/USD (minimum)
- Platforms
- eToro web platform, eToro mobile app (iOS/Android), CopyTrader, eToro Money app
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14
London-based CFD broker founded in 2006, FCA-regulated in the UK, offering MT4, MT5, cTrader and its own app from a $100 deposit.
- Min. deposit
- $100
- Max. leverage
- Up to 1:200 (Bahamas) / 1:30 (UK retail)
- Spreads from
- 0.0 pips (Raw+ / cTrader)
- Platforms
- FxPro App & WebTrader, MetaTrader 4, MetaTrader 5, cTrader, TradingView
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15
ASIC- and FCA-regulated CFD broker with MT4/MT5, TradingView, Raw ECN pricing from $50 and built-in copy trading, plus high-leverage offshore entities.
- Min. deposit
- $50
- Max. leverage
- 1:30 (ASIC/FCA retail) / up to 1:1000 (offshore en
- Spreads from
- 0.0 pips (Raw ECN)
- Platforms
- MetaTrader 4, MetaTrader 5, TradingView, Vantage App, Vantage web/desktop
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16
Exness is a high-leverage forex and CFD broker known for low minimum deposits, tight raw-spread pricing and instant automated withdrawals via mainly offshore entities.
- Min. deposit
- $10
- Max. leverage
- 1:Unlimited (offshore, conditions apply; default 1
- Spreads from
- 0.0 pips (Raw Spread / Zero)
- Platforms
- MetaTrader 4, MetaTrader 5, Exness Terminal (web), Exness Trade app
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17
HFM, formerly HotForex, is a MetaTrader forex and CFD broker founded in 2010 with FCA, CySEC and FSCA entities, $0 accounts and HFcopy copy trading.
- Min. deposit
- $0
- Max. leverage
- 1:2000 (St Vincent entity), unlimited on InfinityX
- Spreads from
- 0.0 pips (Zero)
- Platforms
- MetaTrader 4, MetaTrader 5, HFM App, WebTrader
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18
XM is a global forex and CFD broker from the Trading Point group, known for a $5 minimum deposit, micro accounts, MT4/MT5 and leverage up to 1:1000.
- Min. deposit
- $5
- Max. leverage
- 1:1000 (XM Global) / 1:30 (EU & Australia retail)
- Spreads from
- 0.0 pips (Zero)
- Platforms
- MetaTrader 4, MetaTrader 5, XM App (mobile/web)
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19
Estonian-founded (2003) MetaTrader CFD broker, formerly Admiral Markets, now serving the EU via CySEC-regulated Admirals Europe and the UK via an FCA entity.
- Min. deposit
- $100
- Max. leverage
- 1:30 (UK/EU retail); offshore limit not verified
- Platforms
- MetaTrader 4, MetaTrader 5, Admirals Platform (web/mobile)
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20
Exinity-owned forex and CFD broker founded in 2011, now serving retail clients mainly via Mauritius, with FSCA and Kenya CMA licences.
- Min. deposit
- $30 (Micro) / $200 (Rewards)
- Max. leverage
- Up to 1:5000 floating (Rewards, Mauritius entity)
- Spreads from
- 0.0 pips (Advantage)
- Platforms
- MetaTrader 4, MetaTrader 5, FXTM Trader app, WebTrader
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21
Forex and CFD broker (formerly JustForex) with FSA Seychelles, CySEC, FSCA and FSC Mauritius entities, $10 accounts, MT4/MT5 and leverage up to 1:3000.
- Min. deposit
- $10
- Max. leverage
- 1:3000 (FSA Seychelles) / 1:30 (CySEC retail)
- Spreads from
- 0.0 pips (Raw Spread)
- Platforms
- MetaTrader 4, MetaTrader 5, JustMarkets app, Copytrading app
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22
Belize-licensed multi-asset broker since 2009 offering cent, ECN and Prime accounts from $10, leverage up to 1:2000 and 12,000+ instruments.
- Min. deposit
- $10
- Max. leverage
- 1:2000 (Pro/ProCent, FSC Belize)
- Spreads from
- 0.0 pips (Prime/ECN)
- Platforms
- MetaTrader 4, MetaTrader 5, MT4 MultiTerminal, R StocksTrader, R WebTrader, R MobileTrader
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23
Commission-free forex and CFD broker founded in 2011, offering MT4, MT5, OctaTrader and copy trading via CySEC, FSCA, FSC Mauritius and MISA entities.
- Min. deposit
- $25
- Max. leverage
- 1:1000 (MISA/offshore) / 1:30 (CySEC retail)
- Spreads from
- 0.6 pips (all accounts)
- Platforms
- MetaTrader 4, MetaTrader 5, OctaTrader, Octa Copy app
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24
Forex and CFD broker active since 2009, with Belize (global), CySEC and ASIC entities, a $5 minimum deposit, MT4/MT5 and leverage up to 1:3000 offshore.
- Min. deposit
- $5
- Max. leverage
- 1:3000 (FSC Belize) / 1:30 (CySEC & ASIC retail)
- Spreads from
- 0.7 pips (Standard)
- Platforms
- MetaTrader 4, MetaTrader 5, FBS app
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25
Long-running offshore forex broker (since 2007) serving international clients via a BVI entity and EU clients via CySEC, with $1 accounts and ForexCopy.
- Min. deposit
- $1
- Max. leverage
- 1:1000 (BVI) / 1:30 (CySEC retail)
- Spreads from
- 0.0 pips (Insta.Zero/Insta.Raw)
- Platforms
- MetaTrader 4, MetaTrader 5, MT4 MultiTerminal, WebTrader, InstaTick Trader, mobile apps
Compare at a glance
Spreads and fees are the published base-tier figures from each provider (see each review for sources and the date they were checked). Live volume updates automatically.
Live currency cross rates
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EUR/USD live chart with RSI & MACD
Live chart by TradingView
How we pick the best forex brokers
We compare regulation (which entity you sign up with matters), typical EUR/USD spreads and commissions, minimum deposit, leverage limits, trading platforms, deposit and withdrawal methods and the broker's track record. Live charts and quotes are provided by TradingView so you can follow the market while you compare.
Quick checklist
- Check the licence number on the regulator's register.
- Compare all-in costs (spread + commission).
- Read the bonus and withdrawal terms before depositing.
- Try the demo account first.
Frequently asked questions
How do you choose the best forex brokers?
We score regulation and client-money safety (35%), trading costs (25%), platforms and tools (15%), deposits, withdrawals and accessibility (15%) and track record (10%). Facts are checked against official websites and regulator registers.
Which forex broker has the lowest spreads?
See the EUR/USD spread chart on this page. Raw/ECN accounts often start near 0.0 pips but add a commission, so compare the all-in cost per lot.
Is a high leverage broker better?
No. High leverage magnifies losses as much as gains. Regulators in the UK, EU and Australia cap retail leverage at 1:30 on major pairs for this reason.
How can I check if a broker is regulated?
Search the licence number on the regulator's own register (for example FCA, ASIC, CySEC or FSCA) and make sure the website domain matches the licensed company.
What is the minimum deposit to start forex trading?
Several brokers allow $0–$10, while others ask for $100–$200 or more. A small deposit is fine for learning, but keep risk per trade low.
Editorial note: ForexPart may earn a commission when you sign up through some partner links. This never changes how we rate forex brokers — ratings are based on regulation, costs, conditions and how clear the rules are.
Risk warning: Trading forex and CFDs carries a high risk of losing money. Bonus terms and trading conditions change often; always confirm the latest conditions on the broker's official website before you sign up.