Forex Broker Ratings & Reviews

Pepperstone

Tier 1 — FCA, ASIC, DFSA

Pepperstone combines razor-sharp spreads with the widest platform selection in the industry — MT4, MT5, cTrader, and TradingView — making it the best all-rounder for experienced traders.

IC Markets

Tier 1 — ASIC, CySEC, CMA

IC Markets is the top choice for scalpers and algo traders, offering the tightest raw spreads in the industry with institutional-grade execution.

IG

Tier 1 — FCA, ASIC, BaFin

IG is the most established forex broker on this list, publicly traded on the LSE since 2000, offering unmatched instrument range and rock-solid regulation.

CMC Markets

Tier 1 — FCA, ASIC, BaFin

CMC Markets offers one of the largest instrument ranges in the industry (12,000+) with an award-winning Next Generation platform.

FP Markets

Tier 1 — ASIC, CySEC, FSCA

FP Markets is a strong all-rounder for MT4/MT5 traders, offering competitive raw spreads, 10,000+ instruments, and solid ASIC/CySEC regulation.

XTB

Tier 1 — FCA, KNF, CySEC

XTB's award-winning xStation 5 platform and comprehensive education hub make it an excellent choice for beginners and intermediate traders in the EU.

Exness

Tier 1 — FCA, CySEC, FSCA

Exness leads the industry in trading volume and offers exceptionally low deposits with raw spreads, though most retail clients trade through offshore entities.

Tickmill

Tier 1 — FCA, CySEC, DFSA

Tickmill is a low-cost ECN broker that excels in raw spread pricing and fast execution, making it particularly attractive for scalpers.

XM Group

Tier 1 — CySEC, ASIC, DFSA

XM is an excellent choice for beginners with its ultra-low $5 minimum deposit, extensive educational resources, and beginner-friendly interface.

AvaTrade

Tier 1 — CBI, ASIC, FSCA

AvaTrade stands out as the best broker for beginners, with an award-winning educational platform, multiple copy trading options, and a user-friendly mobile app.

OANDA

Tier 1 — FCA, CFTC/NFA, ASIC

OANDA is a trusted name with 28+ years of history and strong US regulation, ideal for traders who prioritize regulatory safety and flexible trade sizing.

Eightcap

Tier 1 — ASIC, FCA, CySEC

Eightcap stands out for native TradingView integration and 120+ crypto CFDs with triple Tier 1 regulation (ASIC, FCA, CySEC).

FOREX.com

Tier 1 — CFTC/NFA, FCA, ASIC

FOREX.com is a top-tier US-regulated broker backed by NASDAQ-listed StoneX Group, offering excellent research tools and a strong proprietary platform.

ThinkMarkets

Tier 1 — FCA, ASIC, CySEC

ThinkMarkets offers competitive spreads and a polished proprietary ThinkTrader platform with strong mobile capabilities.

FxPro

Tier 1 — FCA, CySEC, FSCA

FxPro offers a strong multi-platform experience with MT4, MT5, and cTrader under solid FCA/CySEC regulation — a dependable choice for EU/UK traders.

Fusion Markets

Tier 1 — ASIC

Fusion Markets is the cheapest forex broker in our review at $4.50/lot round-turn with raw spreads averaging 0.02 pips on EUR/USD. Best for cost-focused forex traders.

BlackBull Markets

Tier 2 — FMA

BlackBull Markets offers 26,000+ instruments with FMA New Zealand regulation and competitive ECN pricing from 0.16 pips EUR/USD.

Moneta Markets

Tier 1 — FCA, FSCA

Moneta Markets has attractive Ultra ECN pricing ($2/lot) and a newly acquired FCA licence. Young brand with complex multi-entity structure.

eToro

Tier 1 — FCA, CySEC, ASIC

eToro is the undisputed leader in social and copy trading, making it ideal for beginners who want to learn by copying experienced traders.

Errante

Tier 2 — CySEC

Errante is a young CySEC-regulated broker with cTrader access and a $50 minimum deposit. Limited track record and small instrument range.