Best Forex Brokers

Updated July 2026

Our pick of the best forex brokers, ranked by FinPip score — an independent rating based on regulation, trading costs, platforms and overall trust. Compare each broker at a glance in the table below, then read the full review or head straight to the broker to open an account.

Min. deposit

Regulated by

Platform

Max. leverage

104 of 104 brokers

Best forex brokers ranked by FinPip score
#	Broker	FinPip score	Regulated by	Min. deposit	EUR/USD spread	Platforms	Open account
1	IG	4.7/54.7	FCA ASIC MAS FINMA BaFin	Any	from 0.6 pips	IWIM	Visit broker Read review
2	Interactive Brokers	4.6/54.6	SECFINRACFTC FCA CIRO ASIC MASCBI	Any	from 0.1 pips	TWIMIG	Visit broker Read review
3	Saxo Bank	4.6/54.6	FCA FINMA MAS ASIC FSA (Japan)	Any	from 0.6 pips	S	Visit broker Read review
4	CMC Markets	4.5/54.5	FCA ASIC MAS FMA (NZ)CIRO BaFin	Any	from 0.7 pips	NG	Visit broker Read review
5	IC Markets	4.5/54.5	ASIC CySEC FSA (Seychelles)	$200	from 0.1 pips		Visit broker Read review
6	OANDA	4.5/54.5	FCA CFTC NFA ASIC CIRO MAS FSA (Japan)	Any	from 1 pips	OT	Visit broker Read review
7	Pepperstone	4.5/54.5	FCA ASIC CySEC DFSA BaFin CMA SCB	Any	from 0.1 pips		Visit broker Read review
8	City Index	4.4/54.4	FCA ASIC MAS	—	from 0.5 pips	CI	Visit broker Read review
9	Swissquote	4.4/54.4	FINMA FCA DFSA MFSA	—	—	AT	Visit broker Read review
10	XTB	4.4/54.4	FCA CySECKNFDFSA	Any	from 0.5 pips	X5XM	Visit broker Read review
11	Capital.com	4.3/54.3	FCA CySEC ASIC SCB	$20	from 0.6 pips	CC	Visit broker Read review
12	Dukascopy	4.3/54.3	FINMA FSA (Japan)	—	from 0.1 pips	J	Visit broker Read review
13	Forex.com	4.3/54.3	CFTC NFA FCA ASIC CIRO	$100	from 1 pips		Visit broker Read review
14	FxPro	4.3/54.3	FCA CySEC FSCA SCB	$100	from 0.6 pips	FE	Visit broker Read review
15	LMAX Global	4.3/54.3	FCACIMA	—	from 0 pips	LP	Visit broker Read review
16	Trading 212	4.3/54.3	FCA CySECFSC (Bulgaria)	$1	—	T2	Visit broker Read review
17	ActivTrades	4.2/54.2	FCACSSFSCB	Any	from 0.5 pips	A	Visit broker Read review
18	Admirals	4.2/54.2	FCA CySEC ASICEFSA	$100	from 0.5 pips	AP	Visit broker Read review
19	AvaTrade	4.2/54.2	CBIASIC FSCA FSA (Japan)FSC (BVI)	$100	from 0.9 pips	A	Visit broker Read review
20	Axi	4.2/54.2	ASIC FCA DFSA FMA (NZ)	Any	from 0 pips		Visit broker Read review
21	eToro	4.2/54.2	FCA CySEC ASIC FSA (Seychelles)	$50	from 1 pips	EP	Visit broker Read review
22	FP Markets	4.2/54.2	ASIC CySEC FSCA	$100	from 0 pips	I	Visit broker Read review
23	HYCM	4.2/54.2	FCA CySEC DFSACIMA	—	from 0.2 pips		Visit broker Read review
24	Plus500	4.2/54.2	FCA CySEC ASIC FMA (NZ)FSCA MAS	$100	from 0.6 pips	PW	Visit broker Read review
25	Rakuten Securities	4.2/54.2	FSA (Japan)ASIC	—	—	MI	Visit broker Read review
26	Spreadex	4.2/54.2	FCA	Any	from 0.6 pips	SP	Visit broker Read review
27	TradeStation Global	4.2/54.2	FCA	—	—	TTW	Visit broker Read review
28	Fortrade	4.1/54.1	FCA CySEC ASIC	$100	—	F	Visit broker Read review
29	Monex	4.1/54.1	FSA (Japan)	—	—	MT	Visit broker Read review
30	ThinkMarkets	4.1/54.1	FCA ASIC FSCA FSA (Japan)	Any	from 0 pips	T	Visit broker Read review
31	Tickmill	4.1/54.1	FCA CySEC FSA (Seychelles)FSCA	$100	from 0 pips		Visit broker Read review
32	TMGM	4.1/54.1	ASIC FMA (NZ)VFSC	$100	from 0 pips	I	Visit broker Read review
33	Trade Nation	4.1/54.1	FCA ASIC FSCA SCB FSA (Seychelles)	Any	from 0.6 pips	TN	Visit broker Read review
34	ADSS	4.0/54.0	SCA (UAE)FCA	—	—	AP	Visit broker Read review
35	ATFX	4.0/54.0	FCA CySEC FSCA FSC (Mauritius)	—	—		Visit broker Read review
36	BlackBull Markets	4.0/54.0	FMA (NZ)FSA (Seychelles)	Any	from 0 pips		Visit broker Read review
37	Blackwell Global	4.0/54.0	FCA SCB	—	—		Visit broker Read review
38	CFI Financial	4.0/54.0	FCA CySEC DFSA FSCA CMA (Lebanon)JSC (Jordan)	—	—		Visit broker Read review
39	Darwinex	4.0/54.0	FCA	—	from 0.1 pips		Visit broker Read review
40	easyMarkets	4.0/54.0	CySEC ASIC FSA (Seychelles)	$25	from 0.7 pips	EP	Visit broker Read review
41	Eightcap	4.0/54.0	ASIC FCA CySEC SCB	$100	from 0 pips		Visit broker Read review
42	Equiti	4.0/54.0	FCAJSC (Jordan)CMA (Kenya)	—	—		Visit broker Read review
43	FXCM	4.0/54.0	FCA ASIC FSCA	$50	—	TS	Visit broker Read review
44	FXOpen	4.0/54.0	FCA ASIC	—	from 0 pips	T	Visit broker Read review
45	Global Prime	4.0/54.0	ASIC VFSC	—	from 0 pips		Visit broker Read review
46	GO Markets	4.0/54.0	ASIC FSA (Seychelles)FSCA	—	from 0 pips		Visit broker Read review
47	Hantec Markets	4.0/54.0	FCA FSCA FSC (Mauritius)	—	—		Visit broker Read review
48	JustMarkets	4.0/54.0	CySEC FSCA FSC (Mauritius)FSA (Seychelles)	$1	from 0 pips		Visit broker Read review
49	Libertex	4.0/54.0	CySEC	—	—	L	Visit broker Read review
50	Markets.com	4.0/54.0	CySEC FSCA ASIC	$100	from 0.6 pips	M	Visit broker Read review
51	MultiBank Group	4.0/54.0	ASIC BaFin CySEC FSCA DFSA	—	—	MP	Visit broker Read review
52	Purple Trading	4.0/54.0	CySEC	—	—		Visit broker Read review
53	Skilling	4.0/54.0	CySEC FSA (Seychelles)	$100	from 0.1 pips	ST	Visit broker Read review
54	Trive	4.0/54.0	FSCA MFSA FSC (Mauritius)	—	—		Visit broker Read review
55	Valutrades	4.0/54.0	FCA FSA (Seychelles)	—	—		Visit broker Read review
56	Vantage	4.0/54.0	ASIC FCA FSCA	$50	from 0 pips		Visit broker Read review
57	VT Markets	4.0/54.0	ASIC FSCA FSC (Mauritius)	$100	from 0 pips	VM	Visit broker Read review
58	Windsor Brokers	4.0/54.0	CySEC FSA (Seychelles)	—	from 0.9 pips		Visit broker Read review
59	XM	4.0/54.0	CySEC ASIC DFSA FSC (Belize)	$5	from 0.6 pips		Visit broker Read review
60	Amana Capital	3.9/53.9	FCA CySEC DFSA CMA (Lebanon)	—	—		Visit broker Read review
61	Deriv	3.9/53.9	MFSALabuan FSAVFSCBVI FSCFSA (Seychelles)	$5	from 0.5 pips	DXDT	Visit broker Read review
62	Errante	3.9/53.9	CySEC FSA (Seychelles)FSCA	—	—		Visit broker Read review
63	Exness	3.9/53.9	FCA CySEC FSCA FSA (Seychelles)FSC (Mauritius)	$10	from 0 pips	ET	Visit broker Read review
64	Fondex	3.9/53.9	CySEC FSA (Seychelles)	—	from 0 pips		Visit broker Read review
65	Fusion Markets	3.9/53.9	ASIC VFSC FSA (Seychelles)	Any	from 0 pips		Visit broker Read review
66	FXGiants	3.9/53.9	FCA	—	—		Visit broker Read review
67	FXPRIMUS	3.9/53.9	CySEC VFSC	—	—		Visit broker Read review
68	FXTM	3.9/53.9	FCA CySEC FSCA FSC (Mauritius)CMA	$10	from 0 pips	FT	Visit broker Read review
69	HFM	3.9/53.9	FCA CySEC FSCA DFSA FSC (Mauritius)CMA	Any	from 0.1 pips	HP	Visit broker Read review
70	Just2Trade	3.9/53.9	CySECFSC (Mwali)	—	from 0.3 pips	R	Visit broker Read review
71	Octa	3.9/53.9	CySEC FSCA FSC (Mauritius)	$25	from 0.6 pips	O	Visit broker Read review
72	Scope Markets	3.9/53.9	CySEC FSC (Belize)FSCA	—	—		Visit broker Read review
73	TeleTrade	3.9/53.9	CySEC	$100	—		Visit broker Read review
74	Titan FX	3.9/53.9	VFSC FSA (Seychelles)FSC (Mauritius)	—	from 0 pips		Visit broker Read review
75	Tradeview Markets	3.9/53.9	CIMAFSC (Mauritius)Labuan FSA	—	from 0 pips	C	Visit broker Read review
76	Doo Prime	3.8/53.8	ASIC FSC (Mauritius)VFSCSC	—	from 0.1 pips	I	Visit broker Read review
77	FXDD	3.8/53.8	MFSA	—	—		Visit broker Read review
78	IFC Markets	3.8/53.8	BVI FSCLFSA	—	from 0.4 pips	N	Visit broker Read review
79	NAGA	3.8/53.8	CySEC FSCA FSA (Seychelles)	—	—		Visit broker Read review
80	OneRoyal	3.8/53.8	ASIC CySEC FSA (Seychelles)CMA (Lebanon)	—	—		Visit broker Read review
81	Orbex	3.8/53.8	CySEC FSC (Mauritius)	—	—		Visit broker Read review
82	TIOmarkets	3.8/53.8	FCA FSA (Seychelles)	—	—		Visit broker Read review
83	Zero Markets	3.8/53.8	ASIC FMA (NZ)FSC (Mauritius)	—	from 0 pips		Visit broker Read review
84	Alpari	3.7/53.7	FSC (Mauritius)	—	from 0.4 pips		Visit broker Read review
85	AMarkets	3.7/53.7	The Financial Commission	—	from 0.3 pips		Visit broker Read review
86	Axiory	3.7/53.7	FSC (Belize)FSCA	—	from 0 pips		Visit broker Read review
87	BDSwiss	3.7/53.7	FSC (Mauritius)FSA (Seychelles)FSCA	—	from 0 pips	BW	Visit broker Read review
88	FBS	3.7/53.7	CySEC ASIC FSC (Belize)	$5	from 0.7 pips	FT	Visit broker Read review
89	FX Choice	3.7/53.7	FSC (Belize)	—	from 0.5 pips		Visit broker Read review
90	GKFX	3.7/53.7	FCA FSC (Mauritius)	—	—		Visit broker Read review
91	Moneta Markets	3.7/53.7	FSCA	$50	from 0 pips		Visit broker Read review
92	PU Prime	3.7/53.7	FSCA FSC (Mauritius)SVG FSA	—	—		Visit broker Read review
93	RoboForex	3.7/53.7	FSC (Belize)	$10	from 0 pips	RS	Visit broker Read review
94	Grand Capital	3.6/53.6	—	—	—		Visit broker Read review
95	InstaForex	3.6/53.6	FSC (BVI)	$1	—		Visit broker Read review
96	IronFX	3.6/53.6	CySEC FSCA	$50	from 0 pips		Visit broker Read review
97	Land Prime	3.6/53.6	FSC (Mauritius)	—	—		Visit broker Read review
98	LiteFinance	3.6/53.6	—	—	from 0.5 pips		Visit broker Read review
99	N1CM	3.6/53.6	VFSC	$1	—		Visit broker Read review
100	NordFX	3.6/53.6	VFSC	$10	from 0.9 pips		Visit broker Read review
101	Startrader	3.6/53.6	FSCA FSC (Mauritius)SVG FSA	—	—		Visit broker Read review
102	Weltrade	3.6/53.6	The Financial Commission	—	from 0.3 pips		Visit broker Read review
103	FreshForex	3.5/53.5	—	—	—		Visit broker Read review
104	Sway Markets	3.5/53.5	—	—	from 0 pips	SC	Visit broker Read review

How we rank forex brokers

The FinPip score weighs regulation and client-fund protection most heavily, followed by trading costs (spreads and commissions), platform quality, deposit requirements and the broker’s overall track record. We only list brokers we have reviewed in depth. Trading forex and CFDs carries a high risk of losing money — a high score is not a recommendation to trade.

Some links to brokers may be partner links. This never affects a broker’s FinPip score or its position in this table.