#1 KCM Trade
Editor's Choice- Spreads from 0.6 pips, MT4, MT5 & WebTerminal
- Copy trading, AI Mentor & Signal Centre
- Segregated client funds, audited yearly by BDO
- Professional indemnity insurance cover
Updated September 2026
Best Forex Brokers 2026
Compare 20 regulated forex and CFD brokers on costs, platforms and licences. Pick up to four to see them side by side.
#2 IG
Best overall- One of the world's largest CFD brokers
- 17,000+ markets
- Strong research & education
- FTSE 250 listed, deep liquidity
#3 Pepperstone
Best for low spreads- Razor account raw spreads
- Fast ECN-style execution
- Low $10 minimum deposit
- Award-winning support
#4 IC (IC Markets)
Best for scalping- True ECN raw spreads
- High-volume execution
- Rebranded from IC Markets to IC in 2026
- No minimum deposit on Standard & Raw
#5 OANDA
Best for reliability- US-regulated & long-established
- Core pricing from 0.1 pips
- Powerful charting & API
- Part of the FTMO group since Dec 2025
#6 CMC Markets
Best web platform- 12,000+ instruments
- Advanced Next Generation platform
- Strong charting tools
- Listed on the London Stock Exchange
#7 Saxo
Best for professionals- 71,000+ instruments across asset classes
- Institutional-grade tools
- Multi-asset in one account
- Licensed bank, majority-owned by J. Safra Sarasin
#8 Interactive Brokers
Best for low cost- Ultra-low commissions
- 170 markets in 40 countries
- Advanced order types
- Trusted, publicly listed global broker
#9 XM
Best for small accounts- Start from a $5 deposit
- Micro-lot accounts for beginners
- Daily webinars & education
- No re-quotes policy
#10 Exness
Fast withdrawals- Instant automated withdrawals
- One of the largest brokers by volume
- Raw & Zero spread accounts
- Published, audited trading volumes
#11 FOREX.com
Best for US traders- Backed by NASDAQ-listed StoneX
- 80+ currency pairs
- RAW pricing account
- Strong US regulatory footing
#12 eToro
Best for copy trading- CopyTrader social trading
- Beginner-friendly app
- Stocks, ETFs & crypto alongside FX
- NASDAQ-listed
#13 XTB
Best for beginners- Award-winning xStation 5 platform
- No minimum deposit
- Extensive education library
- Listed on the Warsaw Stock Exchange
#14 FP Markets
Best for MetaTrader- Raw ECN pricing
- Low $6 round-turn commission
- 10,000+ instruments
- Full MT4/MT5/cTrader line-up
#15 AvaTrade
Best for FX options- Regulated across 6+ jurisdictions
- AvaOptions vanilla FX options
- AvaProtect risk-management tool
- Copy trading via AvaSocial & DupliTrade
#16 FxPro
Best platform choice- No-dealing-desk execution
- MT4, MT5, cTrader, TradingView & own platform
- Raw+ and cTrader accounts
- Established since 2006
#17 Tickmill
Best for low commissions- Low $3-per-side commission
- Raw account from 0.0 pips
- Fast execution, no re-quotes
- Futures & options via Tickmill UK
#18 Admirals
Best MetaTrader add-ons- MetaTrader Supreme Edition add-ons
- Thousands of CFDs, stocks & ETFs
- Invest account for real stocks & ETFs
- Operating since 2001
#19 Swissquote
Best for bank-level safety- Licensed Swiss bank
- Listed on the SIX Swiss Exchange
- Swiss deposit protection
- Multi-currency banking & trading
#20 Plus500
Best for simplicity- Clean, simple proprietary platform
- FTSE 250 listed
- Guaranteed stop orders available
- Free unlimited demo account
Broker Comparison Table
Scroll sideways for more| Brokers | Min. deposit | EUR/USD from | Commission | Max leverage | Instruments | Regulation | Platforms | Visit |
|---|---|---|---|---|---|---|---|---|
KCM TradeEditor's Choice |
$1,000 | 0.6 pips | — | 1:1000 | 200+ | ASIC (Australia) · FSC (Mauritius) | MT4 · MT5 · WebTerminal · KCM Trade app | Visit |
IGBest overall |
$0 | 0.6 pips | None (spread only) | 1:200 | 17,000+ | FCA (UK) · ASIC · BaFin · MAS · FINMA · DFSA · FSCA | IG platform · MT4 · MT5 · ProRealTime · TradingView | Visit |
PepperstoneBest for low spreads |
$10 | 0.0 pips | $7 round turn (Razor) | 1:400 | 1,350+ | FCA (UK) · ASIC · CySEC · BaFin · DFSA · SCB | MT4 · MT5 · cTrader · TradingView | Visit |
IC (IC Markets)Best for scalping |
$0 | 0.0 pips | $7 round turn (Raw) | 1:5000 | 2,850+ | ASIC (Australia) · CySEC · FSA (Seychelles) · SCB · CMA | MT4 · MT5 · cTrader · TradingView | Visit |
OANDABest for reliability |
$0 | 0.1 pips | $10 round turn (Core pricing) | 1:200 | 4,000+ | CFTC/NFA (US) · FCA (UK) · ASIC · CIRO · MAS · JFSA | OANDA Trade · MT4 · MT5 · TradingView | Visit |
CMC MarketsBest web platform |
$0 | 0.0 pips | $5 round turn (FX Active) | 1:200 | 12,000+ | FCA (UK) · ASIC · BaFin · MAS · CIRO · FMA (NZ) | Next Generation · MT4 · MT5 · TradingView | Visit |
SaxoBest for professionals |
$0 | 0.7 pips | None (spread only) | 1:66 | 71,000+ | Danish FSA · FCA (UK) · MAS · FINMA · JFSA | SaxoTraderGO · SaxoTraderPRO · TradingView | Visit |
Interactive BrokersBest for low cost |
$0 | 0.1 pips | 0.08–0.20 bps of trade value (min $2 per order) | 1:50 | 100+ FX pairs · 170 markets | SEC/FINRA · CFTC/NFA (US) · FCA (UK) · ASIC · MAS · CIRO | Trader Workstation · IBKR Desktop · IBKR Mobile · TradingView · API | Visit |
XMBest for small accounts |
$5 | 0.0 pips | $7 round turn (Zero) | 1:1000 | 1,400+ | CySEC · DFSA · FSCA · FSC (Belize) | MT4 · MT5 · XM app & web platform | Visit |
ExnessFast withdrawals |
$10 | 0.0 pips | $7 round turn (Raw Spread) | 1:2000+ | 200+ | FSA (Seychelles) · FSCA · CMA (Kenya) · FCA & CySEC (B2B only) | MT4 · MT5 · Exness Terminal · Exness Trade app | Visit |
FOREX.comBest for US traders |
$100 | 0.0 pips | $10 round turn (RAW; $14 in the US) | 1:200 | 5,500+ | CFTC/NFA (US) · FCA (UK) · ASIC · CIRO · MAS · CySEC | FOREX.com platform · MT4 · MT5 · TradingView | Visit |
eToroBest for copy trading |
$50 | 1.0 pips | None (spread only) | 1:400 | 7,000+ | FCA (UK) · CySEC · ASIC · MAS · ADGM FSRA | eToro platform · CopyTrader | Visit |
XTBBest for beginners |
$0 | 0.5 pips | None (spread only) | 1:500 | 11,900+ | FCA (UK) · KNF (Poland) · CySEC · DFSA · SCA (UAE) | xStation 5 · xStation mobile | Visit |
FP MarketsBest for MetaTrader |
A$100 (≈$70) | 0.0 pips | $6 round turn (Raw) | 1:500 | 10,000+ | ASIC (Australia) · CySEC · FSCA · FSA (Seychelles) | MT4 · MT5 · cTrader · TradingView | Visit |
AvaTradeBest for FX options |
$100 | 0.9 pips | None (spread only) | 1:400 | 1,250+ | CBI (Ireland) · ASIC · JFSA · FSCA · ADGM FSRA · CySEC | MT4 · MT5 · AvaTrade App · AvaOptions · WebTrader | Visit |
FxProBest platform choice |
$100 | 0.0 pips | $7 round turn (Raw+) | 1:200 | 2,100+ | FCA (UK) · CySEC · SCB (Bahamas) | MT4 · MT5 · cTrader · TradingView · FxPro platform | Visit |
TickmillBest for low commissions |
$100 | 0.0 pips | $6 round turn (Raw) | 1:1000 | 600+ | FCA (UK) · CySEC · FSCA · FSA (Seychelles) | MT4 · MT5 · TradingView · Tickmill Trader | Visit |
AdmiralsBest MetaTrader add-ons |
$100 | 0.0 pips | $3.6–6 round turn (Zero.MT5) | 1:1000 | 6,500+ | FCA (UK) · CySEC · FSCA · FSA (Seychelles) · JSC | MT4 · MT5 · Admirals platform | Visit |
SwissquoteBest for bank-level safety |
$1,000 | 0.6 pips | None (Prime account) | 1:100 | 400+ | FINMA (Switzerland) · FCA (UK) · CSSF · DFSA · MAS · CySEC | MT4 · MT5 · CFXD · TradingView | Visit |
Plus500Best for simplicity |
$100 | 0.9 pips | None (dynamic spread) | 1:300 | 2,800+ | FCA (UK) · CySEC · ASIC · MAS · FMA (NZ) · CIRO | Plus500 WebTrader · mobile app | Visit |
No brokers match those filters.
Forex Brokers by Country
All 84 Brokers, A to Z
The 20 brokers above are checked against their own websites. The rest come from our wider broker directory: their licences and figures are indicative until we check them.
How ForexR Ranks Brokers
ForexR is an independent forex tools and information brand. We compare brokers on the things that actually affect your trading: regulation and safety of funds, spreads and execution, platform quality, and the range of markets. Tier-1 brokers are the largest, most heavily regulated firms, typically overseen by authorities such as the FCA, ASIC, CySEC or the CFTC.
About the Comparison Data
EUR/USD from is the lowest advertised spread on the broker's lowest-spread account; raw-spread accounts usually add the commission shown. Max leverage is the highest offered by any entity in the group: retail clients in the UK, EU and Australia are capped at 1:30, and the US at 1:50. Higher leverage magnifies losses as well as gains. Min. deposit is for the entry-level account in USD and can vary by country and payment method. A dash means the broker does not publish that figure.
Figures are indicative, gathered from each broker's public website, and change often. Always confirm a broker's current regulatory status, pricing and terms on its own website before opening an account. Some links on this page are partner links, which may earn ForexR a commission at no extra cost to you; this never affects where a broker ranks. Broker names and logos are trademarks of their respective owners.
Data last reviewed: September 2026. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
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