Top 42 Forex Brokers (2027)

Regulation, minimum deposit, EUR/USD spreads and platforms for the most established forex brokers, alongside live currency rates and technical indicators.

Live market dataIndependent reviewsUpdated for 2027

Forex Brokers reviewed
42
Average score
4.4/5
Top rated
IG
Oldest company since
1974

Top 42 Forex Brokers compared

Best overall IC Markets logoIC MarketsSince 2007 · Sydney, Australia4.8 IC Markets is a high-volume ECN-style broker favoured by scalpers and algorithmic traders for raw spreads and fast execution. RegulatorsASIC, CySEC, FSA (Seychelles), SCBMinimum deposit$200EUR/USD spread from0.8 pips Read IC Markets review → Runner-up Pepperstone logoPepperstoneSince 2010 · Melbourne, Australia4.8 Pepperstone is a multi-regulated broker with no minimum deposit, tight Razor account pricing and a wide platform choice. RegulatorsASIC, FCA, CySEC, BaFin, DFSA, CMA, SCBMinimum deposit$0EUR/USD spread from1.0 pips Read Pepperstone review → Third place IG logoIGSince 1974 · London, United Kingdom4.9 IG is a London-listed broker founded in 1974, offering one of the widest ranges of markets and regulatory licences in the industry. RegulatorsFCA, ASIC, MAS, FINMA, BaFin, CFTC/NFA, DFSA, FSCA, JFSAMinimum deposit$0EUR/USD spread from0.6 pips Read IG review →
#NameScore Regulators Minimum deposit EUR/USD spread from
1

IC Markets Top 1

Since 2007 · Sydney, Australia
4.8
RegulatorsASIC, CySEC, FSA (Seychelles), SCB
Minimum deposit$200
EUR/USD spread from0.8 pips
Read review
Key facts

IC Markets is a high-volume ECN-style broker favoured by scalpers and algorithmic traders for raw spreads and fast execution.

Regulators
ASIC, CySEC, FSA (Seychelles), SCB
Minimum deposit
$200
EUR/USD spread from
0.8 pips
Maximum leverage
Up to 1:1000 (1:30 ASIC/CySEC)
Trading platforms
MT4, MT5, cTrader, TradingView
Execution model
ECN-style, no dealing desk
2

Pepperstone Top 2

Since 2010 · Melbourne, Australia
4.8
RegulatorsASIC, FCA, CySEC, BaFin, DFSA, CMA, SCB
Minimum deposit$0
EUR/USD spread from1.0 pips
Read review
Key facts

Pepperstone is a multi-regulated broker with no minimum deposit, tight Razor account pricing and a wide platform choice.

Regulators
ASIC, FCA, CySEC, BaFin, DFSA, CMA, SCB
Minimum deposit
$0
EUR/USD spread from
1.0 pips
Maximum leverage
Up to 1:500 (1:30 UK/EU/AU)
Trading platforms
MT4, MT5, cTrader, TradingView
Execution model
No dealing desk
3

IG Top 3

Since 1974 · London, United Kingdom
4.9
RegulatorsFCA, ASIC, MAS, FINMA, BaFin, CFTC/NFA, DFSA, FSCA, JFSA
Minimum deposit$0
EUR/USD spread from0.6 pips
Read review
Key facts

IG is a London-listed broker founded in 1974, offering one of the widest ranges of markets and regulatory licences in the industry.

Regulators
FCA, ASIC, MAS, FINMA, BaFin, CFTC/NFA, DFSA, FSCA, JFSA
Minimum deposit
$0
EUR/USD spread from
0.6 pips
Maximum leverage
1:30 retail (UK/EU), up to 1:200 elsewhere
Trading platforms
IG platform, MT4, ProRealTime, TradingView, L2 Dealer
Execution model
Market maker / DMA
Website
ig.com
4

Saxo

Since 1992 · Copenhagen, Denmark
4.7
RegulatorsDanish FSA, FCA, MAS, ASIC, FINMA, JFSA
Minimum deposit$0
EUR/USD spread from0.6 pips
Read review
Key facts

Saxo is a Danish investment bank offering premium multi-asset platforms and access to tens of thousands of instruments.

Regulators
Danish FSA, FCA, MAS, ASIC, FINMA, JFSA
Minimum deposit
$0
EUR/USD spread from
0.6 pips
Maximum leverage
1:30 retail
Trading platforms
SaxoTraderGO, SaxoTraderPRO, TradingView
Execution model
Market maker / DMA
Website
home.saxo
5

Interactive Brokers

Since 1978 · Greenwich, United States
4.7
RegulatorsSEC, CFTC/NFA, FCA, ASIC, MAS, CIRO, SFC
Minimum deposit$0
EUR/USD spread from0.1 pips
Read review
Key facts

Interactive Brokers is a NASDAQ-listed broker offering institutional-grade forex pricing with commissions and direct market access.

Regulators
SEC, CFTC/NFA, FCA, ASIC, MAS, CIRO, SFC
Minimum deposit
$0
EUR/USD spread from
0.1 pips
Maximum leverage
1:50 US, 1:30 UK/EU
Trading platforms
Trader Workstation, IBKR Desktop, IBKR Mobile, TradingView
Execution model
Agency, commission-based
6

OANDA

Since 1996 · New York, United States
4.6
RegulatorsCFTC/NFA, FCA, ASIC, MAS, CIRO, JFSA
Minimum deposit$0
EUR/USD spread from0.6 pips
Read review
Key facts

OANDA is a long-established US-regulated broker with no minimum deposit, flexible trade sizes and strong research tools.

Regulators
CFTC/NFA, FCA, ASIC, MAS, CIRO, JFSA
Minimum deposit
$0
EUR/USD spread from
0.6 pips
Maximum leverage
1:50 US, up to 1:200 elsewhere
Trading platforms
OANDA Trade, MT4, MT5, TradingView
Execution model
Market maker
Website
oanda.com
7

FOREX.com

Since 2001 · New Jersey, United States
4.6
RegulatorsCFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, CIMA
Minimum deposit$100
EUR/USD spread from1.0 pips
Read review
Key facts

FOREX.com is part of NASDAQ-listed StoneX and is one of the largest forex dealers available to US traders.

Regulators
CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, CIMA
Minimum deposit
$100
EUR/USD spread from
1.0 pips
Maximum leverage
1:50 US, higher outside the US
Trading platforms
FOREX.com platform, MT4, MT5, TradingView
Execution model
Market maker
Website
forex.com
8

CMC Markets

Since 1989 · London, United Kingdom
4.7
RegulatorsFCA, ASIC, BaFin, MAS, CIRO, FMA, DFSA
Minimum deposit$0
EUR/USD spread from0.7 pips
Read review
Key facts

CMC Markets is a London-listed broker with more than 300 currency pairs and a highly rated proprietary platform.

Regulators
FCA, ASIC, BaFin, MAS, CIRO, FMA, DFSA
Minimum deposit
$0
EUR/USD spread from
0.7 pips
Maximum leverage
1:30 retail (UK/EU/AU)
Trading platforms
Next Generation, MT4, TradingView
Execution model
Market maker
9

XTB

Since 2002 · Warsaw, Poland
4.6
RegulatorsKNF, FCA, CySEC, DFSA, FSC (Belize)
Minimum deposit$0
EUR/USD spread from0.5 pips
Read review
Key facts

XTB is a Warsaw-listed broker known for its xStation 5 platform, no minimum deposit and extensive education.

Regulators
KNF, FCA, CySEC, DFSA, FSC (Belize)
Minimum deposit
$0
EUR/USD spread from
0.5 pips
Maximum leverage
1:30 EU/UK, up to 1:500 international
Trading platforms
xStation 5
Execution model
Market maker
Website
xtb.com
10

XM

Since 2009 · Limassol, Cyprus
4.4
RegulatorsCySEC, ASIC, FSC (Belize), DFSA, FSCA
Minimum deposit$5
EUR/USD spread from1.6 pips
Read review
Key facts

XM is a global broker with a $5 minimum deposit, micro accounts and a large programme of bonuses and education for beginners.

Regulators
CySEC, ASIC, FSC (Belize), DFSA, FSCA
Minimum deposit
$5
EUR/USD spread from
1.6 pips
Maximum leverage
Up to 1:1000 (1:30 EU/AU)
Trading platforms
MT4, MT5, XM app
Execution model
Market maker
Website
xm.com
11

Exness

Since 2008 · Limassol, Cyprus
4.5
RegulatorsFCA, CySEC, FSCA, FSA (Seychelles), CMA
Minimum deposit$10
EUR/USD spread from0.2 pips
Read review
Key facts

Exness is one of the largest retail brokers by trading volume, known for instant withdrawals and very high leverage offshore.

Regulators
FCA, CySEC, FSCA, FSA (Seychelles), CMA
Minimum deposit
$10
EUR/USD spread from
0.2 pips
Maximum leverage
Unlimited on small accounts (conditions apply)
Trading platforms
MT4, MT5, Exness Terminal
Execution model
Market maker
Website
exness.com
12

eToro

Since 2007 · Tel Aviv, Israel
4.4
RegulatorsFCA, CySEC, ASIC, FSRA (ADGM), FSA (Seychelles)
Minimum deposit$50
EUR/USD spread from1.0 pips
Read review
Key facts

eToro is a NASDAQ-listed social trading platform where users can copy other investors across forex, stocks and crypto.

Regulators
FCA, CySEC, ASIC, FSRA (ADGM), FSA (Seychelles)
Minimum deposit
$50
EUR/USD spread from
1.0 pips
Maximum leverage
1:30 retail
Trading platforms
eToro platform
Execution model
Market maker
Website
etoro.com
13

AvaTrade

Since 2006 · Dublin, Ireland
4.4
RegulatorsCBI, ASIC, FSCA, JFSA, FSRA (ADGM), CySEC, BVI FSC
Minimum deposit$100
EUR/USD spread from0.9 pips
Read review
Key facts

AvaTrade is an Irish-regulated broker offering fixed-style spreads, forex options and a broad set of trading apps.

Regulators
CBI, ASIC, FSCA, JFSA, FSRA (ADGM), CySEC, BVI FSC
Minimum deposit
$100
EUR/USD spread from
0.9 pips
Maximum leverage
1:30 EU, up to 1:400 international
Trading platforms
MT4, MT5, AvaTradeGO, WebTrader, AvaOptions
Execution model
Market maker
14

Plus500

Since 2008 · Haifa, Israel
4.3
RegulatorsFCA, CySEC, ASIC, MAS, FSCA, DFSA, FMA
Minimum deposit$100
EUR/USD spread from0.8 pips
Read review
Key facts

Plus500 is a London-listed CFD provider with a simple proprietary platform and built-in risk management tools.

Regulators
FCA, CySEC, ASIC, MAS, FSCA, DFSA, FMA
Minimum deposit
$100
EUR/USD spread from
0.8 pips
Maximum leverage
1:30 retail, up to 1:300 elsewhere
Trading platforms
Plus500 WebTrader and app
Execution model
Market maker
15

FP Markets

Since 2005 · Sydney, Australia
4.6
RegulatorsASIC, CySEC, FSCA, FSC (Mauritius), CMA
Minimum deposit$100
EUR/USD spread from1.0 pips
Read review
Key facts

FP Markets is an Australian broker offering raw ECN-style pricing, a broad platform line-up and direct share CFDs via Iress.

Regulators
ASIC, CySEC, FSCA, FSC (Mauritius), CMA
Minimum deposit
$100
EUR/USD spread from
1.0 pips
Maximum leverage
Up to 1:500 (1:30 ASIC/CySEC)
Trading platforms
MT4, MT5, cTrader, TradingView, Iress
Execution model
ECN-style
16

Tickmill

Since 2014 · London, United Kingdom
4.5
RegulatorsFCA, CySEC, FSCA, FSA (Seychelles), DFSA
Minimum deposit$100
EUR/USD spread from1.6 pips
Read review
Key facts

Tickmill is a low-cost broker whose Raw account combines near-zero spreads with some of the lowest commissions available.

Regulators
FCA, CySEC, FSCA, FSA (Seychelles), DFSA
Minimum deposit
$100
EUR/USD spread from
1.6 pips
Maximum leverage
Up to 1:1000 (1:30 UK/EU)
Trading platforms
MT4, MT5, Tickmill Trader, TradingView
Execution model
No dealing desk
17

FxPro

Since 2006 · London, United Kingdom
4.5
RegulatorsFCA, CySEC, FSCA, SCB
Minimum deposit$100
EUR/USD spread from1.2 pips
Read review
Key facts

FxPro is a UK-based broker offering no-dealing-desk execution across four platforms and a long operating record.

Regulators
FCA, CySEC, FSCA, SCB
Minimum deposit
$100
EUR/USD spread from
1.2 pips
Maximum leverage
1:30 UK/EU, higher under SCB
Trading platforms
MT4, MT5, cTrader, FxPro Edge
Execution model
No dealing desk
Website
fxpro.com
18

HFM

Since 2010 · Larnaca, Cyprus
4.3
RegulatorsFCA, CySEC, DFSA, FSCA, FSA (Seychelles), CMA
Minimum deposit$0
EUR/USD spread from1.2 pips
Read review
Key facts

HFM, formerly HotForex, is a multi-licensed broker with no minimum deposit, cent accounts and copy trading.

Regulators
FCA, CySEC, DFSA, FSCA, FSA (Seychelles), CMA
Minimum deposit
$0
EUR/USD spread from
1.2 pips
Maximum leverage
Up to 1:2000 (1:30 UK/EU)
Trading platforms
MT4, MT5, HFM app
Execution model
Market maker
Website
hfm.com
19

Axi

Since 2007 · Sydney, Australia
4.4
RegulatorsASIC, FCA, CySEC, DFSA, FMA
Minimum deposit$0
EUR/USD spread from0.9 pips
Read review
Key facts

Axi is an Australian MetaTrader specialist with no minimum deposit and the Axi Select funded trader programme.

Regulators
ASIC, FCA, CySEC, DFSA, FMA
Minimum deposit
$0
EUR/USD spread from
0.9 pips
Maximum leverage
Up to 1:500 (1:30 UK/EU/AU)
Trading platforms
MT4, MT5, Axi app
Execution model
ECN-style
Website
axi.com
20

Admirals

Since 2001 · Tallinn, Estonia
4.4
RegulatorsFCA, CySEC, ASIC, EFSA, FSCA, FSA (Seychelles)
Minimum deposit$100
EUR/USD spread from0.8 pips
Read review
Key facts

Admirals, formerly Admiral Markets, is an Estonian broker with enhanced MetaTrader tools and thousands of share CFDs.

Regulators
FCA, CySEC, ASIC, EFSA, FSCA, FSA (Seychelles)
Minimum deposit
$100
EUR/USD spread from
0.8 pips
Maximum leverage
1:30 EU/UK, up to 1:1000 international
Trading platforms
MT4, MT5, Admirals app
Execution model
Market maker
21

ThinkMarkets

Since 2010 · Melbourne, Australia
4.4
RegulatorsFCA, ASIC, CySEC, FSCA, JFSA, FSA (Seychelles)
Minimum deposit$0
EUR/USD spread from0.8 pips
Read review
Key facts

ThinkMarkets is a multi-regulated broker with its own ThinkTrader platform and no minimum on the standard account.

Regulators
FCA, ASIC, CySEC, FSCA, JFSA, FSA (Seychelles)
Minimum deposit
$0
EUR/USD spread from
0.8 pips
Maximum leverage
Up to 1:500 (1:30 UK/EU/AU)
Trading platforms
ThinkTrader, MT4, MT5, TradingView
Execution model
No dealing desk
22

Vantage

Since 2009 · Sydney, Australia
4.4
RegulatorsASIC, FCA, FSCA, VFSC, CIMA
Minimum deposit$50
EUR/USD spread from1.0 pips
Read review
Key facts

Vantage is an Australian broker with a $50 entry point, raw ECN accounts and integrated copy trading.

Regulators
ASIC, FCA, FSCA, VFSC, CIMA
Minimum deposit
$50
EUR/USD spread from
1.0 pips
Maximum leverage
Up to 1:1000 (1:30 ASIC/FCA)
Trading platforms
MT4, MT5, Vantage app, TradingView, ProTrader
Execution model
ECN-style
23

BlackBull Markets

Since 2014 · Auckland, New Zealand
4.5
RegulatorsFMA (New Zealand), FSA (Seychelles)
Minimum deposit$0
EUR/USD spread from0.8 pips
Read review
Key facts

BlackBull Markets is a New Zealand ECN broker offering more than 26,000 instruments and deep TradingView integration.

Regulators
FMA (New Zealand), FSA (Seychelles)
Minimum deposit
$0
EUR/USD spread from
0.8 pips
Maximum leverage
Up to 1:500
Trading platforms
MT4, MT5, cTrader, TradingView
Execution model
ECN
24

Eightcap

Since 2009 · Melbourne, Australia
4.4
RegulatorsASIC, FCA, CySEC, SCB
Minimum deposit$100
EUR/USD spread from1.0 pips
Read review
Key facts

Eightcap is an Australian broker best known for its TradingView integration and wide crypto CFD range.

Regulators
ASIC, FCA, CySEC, SCB
Minimum deposit
$100
EUR/USD spread from
1.0 pips
Maximum leverage
Up to 1:500 (1:30 ASIC/FCA/CySEC)
Trading platforms
MT4, MT5, TradingView
Execution model
No dealing desk
25

Fusion Markets

Since 2017 · Melbourne, Australia
4.5
RegulatorsASIC, VFSC, FSA (Seychelles)
Minimum deposit$0
EUR/USD spread from0.9 pips
Read review
Key facts

Fusion Markets is a low-cost Australian broker with no minimum deposit and some of the lowest commissions on raw accounts.

Regulators
ASIC, VFSC, FSA (Seychelles)
Minimum deposit
$0
EUR/USD spread from
0.9 pips
Maximum leverage
Up to 1:500 (1:30 ASIC)
Trading platforms
MT4, MT5, cTrader, TradingView
Execution model
ECN-style
26

GO Markets

Since 2006 · Melbourne, Australia
4.3
RegulatorsASIC, CySEC, FSC (Mauritius), FSA (Seychelles)
Minimum deposit$200
EUR/USD spread from0.8 pips
Read review
Key facts

GO Markets is one of Australia's first MetaTrader brokers, offering raw pricing and a solid educational programme.

Regulators
ASIC, CySEC, FSC (Mauritius), FSA (Seychelles)
Minimum deposit
$200
EUR/USD spread from
0.8 pips
Maximum leverage
Up to 1:500 (1:30 ASIC/CySEC)
Trading platforms
MT4, MT5, cTrader, TradingView
Execution model
ECN-style
27

Swissquote

Since 1996 · Gland, Switzerland
4.5
RegulatorsFINMA, FCA, CySEC, DFSA, MAS, SFC
Minimum deposit$1,000
EUR/USD spread from1.3 pips
Read review
Key facts

Swissquote is a listed Swiss bank offering forex trading with bank-level safeguards and a higher entry deposit.

Regulators
FINMA, FCA, CySEC, DFSA, MAS, SFC
Minimum deposit
$1,000
EUR/USD spread from
1.3 pips
Maximum leverage
Up to 1:100 (1:30 UK/EU)
Trading platforms
CFXD (Advanced Trader), MT4, MT5, TradingView
Execution model
Bank, market maker
28

Dukascopy

Since 2004 · Geneva, Switzerland
4.3
RegulatorsFINMA, JFSA, FCMC (Latvia)
Minimum deposit$100
EUR/USD spread from0.2 pips
Read review
Key facts

Dukascopy is a Swiss bank with its own SWFX ECN marketplace, commission-based pricing and the JForex platform.

Regulators
FINMA, JFSA, FCMC (Latvia)
Minimum deposit
$100
EUR/USD spread from
0.2 pips
Maximum leverage
Up to 1:200 (1:30 EU)
Trading platforms
JForex, MT4, MT5
Execution model
ECN (SWFX marketplace)
29

ActivTrades

Since 2001 · London, United Kingdom
4.3
RegulatorsFCA, CSSF, CMVM, SCB, FSC (Mauritius)
Minimum deposit$0
EUR/USD spread from0.5 pips
Read review
Key facts

ActivTrades is a UK broker with fast execution, additional client fund insurance and its own ActivTrader platform.

Regulators
FCA, CSSF, CMVM, SCB, FSC (Mauritius)
Minimum deposit
$0
EUR/USD spread from
0.5 pips
Maximum leverage
1:30 UK/EU, up to 1:400 under SCB
Trading platforms
ActivTrader, MT4, MT5, TradingView
Execution model
No dealing desk
30

easyMarkets

Since 2001 · Limassol, Cyprus
4.2
RegulatorsCySEC, ASIC, FSA (Seychelles), BVI FSC, FSCA
Minimum deposit$25
EUR/USD spread from0.7 pips
Read review
Key facts

easyMarkets is known for fixed spreads, guaranteed stop loss and its dealCancellation risk tool.

Regulators
CySEC, ASIC, FSA (Seychelles), BVI FSC, FSCA
Minimum deposit
$25
EUR/USD spread from
0.7 pips
Maximum leverage
Up to 1:2000 (1:30 EU/AU)
Trading platforms
easyMarkets platform, MT4, MT5, TradingView
Execution model
Market maker
31

FXCM

Since 1999 · London, United Kingdom
4.3
RegulatorsFCA, ASIC, CySEC, FSCA
Minimum deposit$50
EUR/USD spread from0.8 pips
Read review
Key facts

FXCM is a long-running forex broker with the Trading Station platform and strong support for algorithmic trading.

Regulators
FCA, ASIC, CySEC, FSCA
Minimum deposit
$50
EUR/USD spread from
0.8 pips
Maximum leverage
1:30 UK/EU/AU, up to 1:1000 international
Trading platforms
Trading Station, MT4, TradingView
Execution model
No dealing desk
Website
fxcm.com
32

Capital.com

Since 2016 · Limassol, Cyprus
4.4
RegulatorsFCA, CySEC, ASIC, SCB, SCA (UAE)
Minimum deposit$20
EUR/USD spread from0.6 pips
Read review
Key facts

Capital.com is a fast-growing CFD broker with a low minimum deposit and an intuitive, education-led platform.

Regulators
FCA, CySEC, ASIC, SCB, SCA (UAE)
Minimum deposit
$20
EUR/USD spread from
0.6 pips
Maximum leverage
1:30 retail, higher under SCB
Trading platforms
Capital.com platform, MT4, TradingView
Execution model
Market maker
33

Markets.com

Since 2008 · Limassol, Cyprus
4.2
RegulatorsCySEC, FCA, ASIC, FSCA, BVI FSC
Minimum deposit$100
EUR/USD spread from0.6 pips
Read review
Key facts

Markets.com offers a polished multi-asset CFD platform with built-in sentiment and analyst tools.

Regulators
CySEC, FCA, ASIC, FSCA, BVI FSC
Minimum deposit
$100
EUR/USD spread from
0.6 pips
Maximum leverage
1:30 EU/UK, up to 1:300 international
Trading platforms
Markets.com platform, MT4, MT5, TradingView
Execution model
Market maker
34

TMGM

Since 2013 · Sydney, Australia
4.2
RegulatorsASIC, VFSC, FSC (Mauritius), FSA (Seychelles)
Minimum deposit$100
EUR/USD spread from1.0 pips
Read review
Key facts

TMGM is an Australian broker with ECN-style Edge accounts and a large range of share CFDs.

Regulators
ASIC, VFSC, FSC (Mauritius), FSA (Seychelles)
Minimum deposit
$100
EUR/USD spread from
1.0 pips
Maximum leverage
Up to 1:1000 (1:30 ASIC)
Trading platforms
MT4, MT5, TMGM app
Execution model
ECN-style
Website
tmgm.com
35

FBS

Since 2009 · Belize City, Belize
4.1
RegulatorsCySEC, ASIC, FSC (Belize)
Minimum deposit$5
EUR/USD spread from0.7 pips
Read review
Key facts

FBS is a high-leverage broker popular in Asia, with a $5 minimum deposit and a single simplified account type.

Regulators
CySEC, ASIC, FSC (Belize)
Minimum deposit
$5
EUR/USD spread from
0.7 pips
Maximum leverage
Up to 1:3000 (1:30 EU/AU)
Trading platforms
MT4, MT5, FBS app
Execution model
Market maker / STP
Website
fbs.com
36

Octa

Since 2011 · Kingstown, St. Vincent and the Grenadines
4.1
RegulatorsCySEC, FSCA, MISA (Mwali)
Minimum deposit$25
EUR/USD spread from0.6 pips
Read review
Key facts

Octa, formerly OctaFX, offers swap-free, commission-free accounts and its own OctaTrader platform.

Regulators
CySEC, FSCA, MISA (Mwali)
Minimum deposit
$25
EUR/USD spread from
0.6 pips
Maximum leverage
Up to 1:1000 (1:30 EU)
Trading platforms
MT4, MT5, OctaTrader
Execution model
STP
Website
octa.com
37

RoboForex

Since 2009 · Belize City, Belize
4.0
RegulatorsFSC (Belize)
Minimum deposit$10
EUR/USD spread from1.3 pips
Read review
Key facts

RoboForex is an offshore broker with a $10 minimum deposit, many account types and a large stock CFD catalogue.

Regulators
FSC (Belize)
Minimum deposit
$10
EUR/USD spread from
1.3 pips
Maximum leverage
Up to 1:2000
Trading platforms
MT4, MT5, R StocksTrader
Execution model
STP / ECN
38

FXTM

Since 2011 · Ebene, Mauritius
4.1
RegulatorsFSC (Mauritius), FCA, CMA (Kenya), FSCA
Minimum deposit$200
EUR/USD spread from1.5 pips
Read review
Key facts

FXTM is a global broker with a strong presence in Africa and Asia and commission-based Advantage accounts.

Regulators
FSC (Mauritius), FCA, CMA (Kenya), FSCA
Minimum deposit
$200
EUR/USD spread from
1.5 pips
Maximum leverage
Up to 1:3000 (1:30 UK)
Trading platforms
MT4, MT5, FXTM Trader
Execution model
ECN / market maker
Website
fxtm.com
39

JustMarkets

Since 2012 · Limassol, Cyprus
4.0
RegulatorsCySEC, FSCA, FSA (Seychelles), FSC (Mauritius)
Minimum deposit$10
EUR/USD spread from0.3 pips
Read review
Key facts

JustMarkets is a high-leverage broker with low entry costs, cent accounts and fast local payment methods.

Regulators
CySEC, FSCA, FSA (Seychelles), FSC (Mauritius)
Minimum deposit
$10
EUR/USD spread from
0.3 pips
Maximum leverage
Up to 1:3000 (1:30 EU)
Trading platforms
MT4, MT5, JustMarkets app
Execution model
Market maker / STP
40

InstaForex

Since 2007 · Road Town, British Virgin Islands
3.8
RegulatorsBVI FSC, CySEC (EU entity)
Minimum deposit$1
EUR/USD spread from3.0 pips
Read review
Key facts

InstaForex is a long-running offshore broker with a $1 minimum deposit, fixed spreads and PAMM and copy services.

Regulators
BVI FSC, CySEC (EU entity)
Minimum deposit
$1
EUR/USD spread from
3.0 pips
Maximum leverage
Up to 1:1000 (1:30 EU)
Trading platforms
MT4, MT5, InstaForex app
Execution model
Market maker
41

PU Prime

Since 2015 · Mahe, Seychelles
4.0
RegulatorsFSA (Seychelles), ASIC, FSCA, FSC (Mauritius)
Minimum deposit$20
EUR/USD spread from1.3 pips
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Key facts

PU Prime is a fast-growing multi-asset broker with a $20 minimum deposit and built-in copy trading.

Regulators
FSA (Seychelles), ASIC, FSCA, FSC (Mauritius)
Minimum deposit
$20
EUR/USD spread from
1.3 pips
Maximum leverage
Up to 1:1000
Trading platforms
MT4, MT5, PU Prime app, TradingView
Execution model
STP / ECN
42

Moneta Markets

Since 2020 · Johannesburg, South Africa
4.0
RegulatorsFSCA, FSA (Seychelles)
Minimum deposit$50
EUR/USD spread from1.2 pips
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Key facts

Moneta Markets is a newer broker offering more than 1,000 instruments, ECN accounts and a $50 minimum deposit.

Regulators
FSCA, FSA (Seychelles)
Minimum deposit
$50
EUR/USD spread from
1.2 pips
Maximum leverage
Up to 1:1000
Trading platforms
MT4, MT5, ProTrader, AppTrader
Execution model
STP / ECN

How we compare forex brokers

The first filter is regulation. A licence from a top-tier authority such as the FCA, ASIC, CySEC, MAS or the CFTC/NFA means segregated client funds, capital requirements and a complaints process. Many global brokers also run offshore entities that allow higher leverage with lighter protection, so always check which entity your account will be opened with.

After safety comes cost. We compare the published starting EUR/USD spread on each broker's standard account, the minimum deposit, and the platforms on offer. Spreads widen around news and overnight, so treat the published figure as a floor rather than a promise.

Picking a broker that fits

Scalpers and algorithmic traders usually prefer raw-spread accounts with a commission, while newer traders are often better served by a low minimum deposit, a clean platform and good education. Test any broker on a demo account before funding it.

Frequently asked questions

What is the safest type of forex broker?

A broker authorised by a top-tier regulator in your own country or region offers the strongest protection, including segregated funds and, in some jurisdictions, a compensation scheme.

How much money do I need to start trading forex?

Several brokers in this list have no minimum deposit and others start from $5 to $200. A practical starting balance is one that lets you risk no more than 1–2% per trade.

Why does leverage differ between countries?

Regulators set leverage caps for retail traders. The UK, EU and Australia limit major pairs to 1:30 and the US to 1:50, while offshore entities may offer 1:500 or more.

Compare at a glance

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