Compare Forex Brokers
In-depth Forex broker reviews based on first-hand experience and testing.
What type of trader are you?
56 forex and CFD brokers compared across every market this site covers on the published rating out of 100, EUR/USD raw spread in pips, commission in US dollars per standard lot round turn, minimum deposit in US dollars and order execution in milliseconds. Most recent broker data verification in this table: 2026-08-19.
| Broker | Regulators | Platforms | Review | Visit | |||||
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone Lowest Spread - Standard Account | 98/100 | FCA, ASIC, BaFIN, CySEC, DFSA, CMA (UAE), CMA, SCB | 0.19 pips | US$7.00 per lot round turn | US$0 | 77 ms | MT4, MT5, cTrader, TradingView | Pepperstone review | Visit Pepperstone |
| BlackBull Markets Fastest execution speed of the 36 brokers we tested | 94/100 | FMA, FSA-S | 0.46 pips | US$7.00 per lot round turn | US$0 | 72 ms | MT4, MT5, cTrader, TradingView, Proprietary | BlackBull Markets review | Visit BlackBull Markets |
| OANDA GSLO guarantee (with OANDA Trade) | 92/100 | CIRO, ASIC, CFTC, NFA, FCA, MAS, JFSA, KNF, FSC-BVI | Not tested | US$7.00 per lot round turn | US$0 | 86 ms | MT4, TradingView, Proprietary | OANDA review | Visit OANDA |
| Eightcap Low fees | 91.8/100 | ASIC, FCA, CySEC, SCB, FSA-S, FSC-M | 0.20 pips | US$7.00 per lot round turn | US$100 | 143 ms | MT4, MT5, TradingView | Eightcap review | Visit Eightcap |
| IC Markets Lowest standard account spreads | 89/100 | ASIC, CySEC, FSA, SCB, CMA | 0.19 pips | US$7.00 per lot round turn | US$200 | 134 ms | MT4, MT5, cTrader, TradingView | IC Markets review | Visit IC Markets |
| Fusion Markets Tight spreads | 85/100 | ASIC, VFSC, FSA-S | 0.16 pips | US$4.50 per lot round turn | US$0 | 79 ms | MT4, MT5, cTrader, TradingView | Fusion Markets review | Visit Fusion Markets |
| Capital.com Competitive Spreads & 0% Commission | 82/100 | ASIC, FCA, CySEC, CMA, SCB | Not tested | Not published | Not published | Not tested | Not published | Capital.com review | Visit Capital.com |
| TabTrade Zero average spreads on majors | 81/100 | FSC Mauritius (sibling entity) | Not tested | Not published | Not published | Not tested | MT5, cTrader, TradingView | TabTrade review | Visit TabTrade |
| MultiBank Group Regulated across five continents by 17+ authorities | 80.3/100 | ASIC, BaFin, MAS, CySEC, FMA, CMA, FSC-BVI, VFSC, CIMA, FSC-M, FSA-S, VARA, TFG, FIU | 0.10 pips | Not published | US$50 | Not tested | Not published | MultiBank Group review | Visit MultiBank Group |
| Exness Unlimited leverage available | 80/100 | FCA, CySEC (institutional clients only), FSCA, CMA, JSC, FSC-BZ, FSA-S, FSC-M, FSC-BVI, CBCS | Not tested | Raw Spread - $7.00 Zero Spread $0.40 | US$200 | 92 ms | MT4, MT5, Proprietary | Exness review | Visit Exness |
| FP Markets Great variety of trading tools and platforms | 78.4/100 | ASIC, CySEC, FSA-S, FSC-M, FSCA, CMA | 0.20 pips | US$6.00 per lot round turn | US$100 | 225 ms | MT4, MT5, cTrader, TradingView | FP Markets review | Visit FP Markets |
| Tickmill Relatively low fees | 75.8/100 | FCA, CySEC, FSCA (South Africa), FSA (Seychelles), Labuan FSA (Malaysia) | 0.15 pips | US$4.00 per lot round turn | US$100 | 91 ms | MT4, MT5, TradingView, Proprietary | Tickmill review | Visit Tickmill |
| City Index Easy account opening | 74.7/100 | FCA (UK) | 0.22 pips | only with DMA account in Singapore | US$0 | 95 ms | MT4, TradingView, Proprietary | City Index review | Visit City Index |
| PU Prime Four strong regulators | 74.3/100 | ASIC, CMA, FSA-S, FSC-M, FSCA | Not tested | Not published | Not published | Not tested | Not published | PU Prime review | Visit PU Prime |
| Trade Nation Low fixed spreads | 71.5/100 | ASIC, FCA, SCB, FSA-S, FSCA | Not tested | Not published | US$0 | Not tested | MT4, TradingView, Proprietary | Trade Nation review | Visit Trade Nation |
| VantageFX Good selection of charting platform options | 71/100 | ASIC, FCA, FSCA, CIMA, VFSC | Not tested | Tiered or conditional, see the review | US$200 | 175 ms | MT4, MT5, TradingView, Proprietary | VantageFX review | Visit VantageFX |
| ThinkMarkets Low spreads | 70/100 | ASIC, FCA, CySEC, JFSA, DFSA, FSCA, CIMA, FSA-S, FSC-M | 0.22 pips | US$7.00 per lot round turn | US$0 | 161 ms | MT4, MT5, Proprietary | ThinkMarkets review | Visit ThinkMarkets |
| GO Markets Tight spreads from 0.0 pips | 68.8/100 | ASIC, CySEC, FSC-M | 0.38 pips | US$5.00 per lot round turn | US$200 | 144 ms | MT4, MT5, cTrader, TradingView, Proprietary | GO Markets review | Visit GO Markets |
| FXCM Trusted and safe broker | 68.6/100 | ASIC, FCA, CySEC, CIRO, BaFin, ISA, FSCA | 0.30 pips | Tiered or conditional, see the review | US$50 | 108 ms | MT4, TradingView, Proprietary | FXCM review | Visit FXCM |
| TMGM Low fees | 68.3/100 | ASIC, VFSC, FSC-M, FSA-S | 0.15 pips | US$7.00 per lot round turn | US$100 | 94 ms | MT4, MT5, Proprietary | TMGM review | Visit TMGM |
| Admiral Markets Easy account opening | 68.2/100 | FCA, CySEC, EFSRA, FSCA, CMA, JSC, FSA-S | 0.21 pips | Tiered or conditional, see the review | US$100 | 132 ms | MT4, MT5 | Admiral Markets review | Visit Admiral Markets |
| IG Group Vast funding options | 68.2/100 | ASIC, FCA, BaFin, NFA, CFTC, MAS, FINMA, FMA, JFSA, DFSA, BMA, FSCA | 0.16 pips | Tiered or conditional, see the review | US$0 | 174 ms | MT4, MT5, TradingView, Proprietary | IG Group review | Visit IG Group |
| FOREX.com Great range of currency pairs | 67.6/100 | ASIC, FCA, CIRO, NFA, CFTC, CySEC, MAS, JFSA, CIMA | Not tested | Tiered or conditional, see the review | US$100 | 98 ms | MT4, MT5, TradingView, Proprietary | FOREX.com review | Visit FOREX.com |
| FBS Competitive spreads | 66.3/100 | ASIC, CySEC, FSC-BZ | Not tested | Not published | US$5 | 135 ms | MT4, MT5, Proprietary | FBS review | Visit FBS |
| FXTM Wide range of account types | 65.4/100 | FCA (United Kingdom), FSCA, FSC-M, CMA | 0.00 pips | Tiered or conditional, see the review | US$10 | 248 ms | MT4, MT5 | FXTM review | Visit FXTM |
| CMC Markets Satisfactory trading platforms | 64.6/100 | ASIC, FCA, BaFin, CIRO, MAS, FMA, BMA | 0.44 pips | $5.00 with FX Active on selected currency pairs | US$0 | 138 ms | MT4, MT5, TradingView, Proprietary | CMC Markets review | Visit CMC Markets |
| AvaTrade No charge on funding | 64.5/100 | ASIC, CIRO, CySEC, ADGM, ISA, JFSA, CBI, KNF, FSCA, FSC-BVI, SFC | Not tested | No Account | US$100 | 235 ms | MT4, MT5, Proprietary | AvaTrade review | Visit AvaTrade |
| Axi No minimum deposit | 64.5/100 | FCA, ASIC, CySEC, FMA, DFSA | 0.43 pips | US$7.00 per lot round turn | US$0 | 90 ms | MT4 | Axi review | Visit Axi |
| RoboForex High Leverage | 64.4/100 | FSC-BZ | 0.10 pips | Not published | US$10 | Not tested | MT4, MT5, Proprietary | RoboForex review | Visit RoboForex |
| HYCM Tight spreads | 63.8/100 | FCA (United Kingdom), DFSA (UAE) | 0.10 pips | US$4.00 per lot round turn | US$100 | 241 ms | MT4, MT5, Proprietary | HYCM review | Visit HYCM |
| ACY Securities Competitive Execution Speed | 63/100 | ASIC, FSCA | Not tested | Not published | US$50 | Not tested | MT4, MT5, Proprietary | ACY Securities review | Visit ACY Securities |
| Markets.com Excellent research and education tools | 62.6/100 | CySEC, FSCA (South Africa only) | Not tested | No Account | US$100 | 150 ms | MT4, MT5, Proprietary | Markets.com review | Visit Markets.com |
| Interactive Brokers Largest range of financial products including CFDs and stockbroking | 62.3/100 | ASIC, FCA, MAS, CIRO, NFA, CFTC, SEC, FINRA, CBI, SFC, JFSA, SEBI | Not tested | Tiered or conditional, see the review | US$0 | Not tested | Proprietary | Interactive Brokers review | Visit Interactive Brokers |
| Hankotrade Tight spreads | 62/100 | No regulator named | Not tested | ECN: $4.00 ECN PLUS: $2.00 | US$10 | Not tested | Proprietary | Hankotrade review | Visit Hankotrade |
| Octa No swap fees on any trading account | 61.1/100 | CySEC, FSC-M, MISA, FSCA | 0.90 pips | No Account | US$25 | 81 ms | MT4, MT5, Proprietary | Octa review | Visit Octa |
| XM Low fees | 60.5/100 | CySEC, DFSA, FSCA, FSC-BZ, FSC-M | 0.10 pips | $7.00 (europe only) | US$5 | 148 ms | MT4, MT5 | XM review | Visit XM |
| Saxo Markets Range Of Markets | 60.1/100 | FCA, MAS, Danish FSA, FINMA, JFSA, DFSA (UAE branch permission), CONSOB | Not tested | No Account | US$0 | Not tested | Proprietary | Saxo Markets review | Visit Saxo Markets |
| easyMarkets Wide product range | 58.9/100 | ASIC, CySEC, FSC-BVI, FSA-S, FSCA | Not tested | No Account | US$200 | 155 ms | MT4, MT5, TradingView, Proprietary | easyMarkets review | Visit easyMarkets |
| Plus500 Licensed in 15+ jurisdictions | 58.8/100 | ASIC, FCA, CySEC, MAS, CIRO, CFTC, FMA, DFSA, EFSA, JFSA, CMA, FSCA, FSA-S, SCB, Bappebti | Not tested | No Account | US$100 | Not tested | Proprietary | Plus500 review | Visit Plus500 |
| FxPro Strong regulation | 58.5/100 | CySEC, FCA, SCB, FSC-M, FSA-S | 0.32 pips | $7.00 only with cTrader account | US$100 | 151 ms | MT4, MT5, cTrader, TradingView, Proprietary | FxPro review | Visit FxPro |
| HFM Tight spreads for the major currency pairs | 58.5/100 | CySEC, FCA, DFSA, FSCA, CMA, FSA-S | 0.10 pips | $6 Major Pairs $8 Other Pairs | US$0 | Not tested | MT4, MT5, Proprietary | HFM review | Visit HFM |
| Blueberry Markets MT4, MT5, cTrader, TradingView and Blueberry X (proprietary) | 58.2/100 | ASIC, VFSC, FSC-M | 0.27 pips | US$7.00 per lot round turn | US$100 | 88 ms | MT4, MT5, cTrader, TradingView, Proprietary | Blueberry Markets review | Visit Blueberry Markets |
| XTB Free funding options | 57.3/100 | FCA, CySEC, DFSA, KNF, CNMV, FSC-BZ, CMF, BAPPEBTI, OJK | 0.09 pips | No Account | US$0 | Not tested | Proprietary | XTB review | Visit XTB |
| Ox Securities Wide range of trading products | 55.4/100 | SVGFSA (St. Vincent and the Grenadines) | Not tested | US$7.00 per lot round turn | US$0 | Not tested | Proprietary | Ox Securities review | Visit Ox Securities |
| eToro Social trading feature | 54.9/100 | ASIC, CySEC, FCA, MAS, MFSA, ADGM, GFSC, FSA-S | Not tested | No Account | US$50 | Not tested | Proprietary | eToro review | Visit eToro |
| Trading.com Regulated by A-Grade regulatory bodies | 53.5/100 | NFA, CFTC, CySEC, FCA, ASIC | Not tested | Not published | US$50 | 114 ms | MT5 | Trading.com review | Visit Trading.com |
| Charles Schwab Low Trading Fees | 51.2/100 | CFTC, NFA, SEC, FINRA | Not tested | Not published | US$0 | Not tested | Proprietary | Charles Schwab review | Visit Charles Schwab |
| Accendo Markets Has spread betting | 51/100 | FCA | Not tested | Not published | US$0 | Not tested | Proprietary | Accendo Markets review | Visit Accendo Markets |
| Global Prime Low spreads | 50.9/100 | ASIC, VFSC | 0.18 pips | US$7.00 per lot round turn | US$0 | 88 ms | MT4, MT5 | Global Prime review | Visit Global Prime |
| Tradersway Low spreads | 49.3/100 | No regulator named | 0.50 pips | US$6.00 per lot round turn | US$0 | 198 ms | MT4, MT5, cTrader | Tradersway review | Visit Tradersway |
| Fondex Competitive spreads | 48.5/100 | BMA | Not tested | No Account | US$0 | Not tested | cTrader | Fondex review | No link |
| ATC Brokers Tight spreads | 43.7/100 | FCA, CIMA | 0.30 pips | US$6.00 per lot round turn | US$2000 | 238 ms | MT4, Proprietary | ATC Brokers review | Visit ATC Brokers |
| Mitrade Tier-1 regulation in key markets | 43.5/100 | ASIC, CySEC, CMA (UAE), CIMA, FSCA, FSC-M | Not tested | Not published | Not published | Not tested | TradingView, Proprietary | Mitrade review | Visit Mitrade |
| KOT4X Good range of markets | 41.3/100 | No regulator named | Not tested | US$7.00 per lot round turn | US$25 | Not tested | MT4 | KOT4X review | Visit KOT4X |
| Hugo's Way MetaTrader 4 Specialist | 39.1/100 | No regulator named | Not tested | US$10.00 per lot round turn | US$10 | Not tested | MT4, MT5 | Hugo's Way review | Visit Hugo's Way |
| Trading 212 No commission CFD trading | 36.3/100 | FCA, CySEC, ASIC, BaFin, FSC-BG | Not tested | No | US$10 | Not tested | Proprietary | Trading 212 review | Visit Trading 212 |
Show the remaining 46 brokers
Every broker in this table is already on this page; this opens the rows below the first 10.
Spreads are the tested EUR/USD raw figure where our team has one and the broker's own published average otherwise. A broker with no figure reads "Not tested" rather than zero.
With no preferences set, all 56 rated brokers qualify. Pepperstone leads because it carries the highest rating we publish (98 out of 100).
| Broker | Accepts | Platforms | Min deposit | Our rating |
|---|---|---|---|---|
| Pepperstone | SG, MY | MT4, MT5, cTrader, TradingView | No minimum | 98 |
| BlackBull Markets | SG, MY, NZ | MT4, MT5, cTrader, TradingView, Proprietary | No minimum | 94 |
| OANDA | US, CA, SG, MY | MT4, TradingView, Proprietary | No minimum | 92 |
| Eightcap | CA, SG, MY | MT4, MT5, TradingView | US$100 | 91.8 |
| IC Markets | SG, MY | MT4, MT5, cTrader, TradingView | US$200 | 89 |
| Fusion Markets | CA, MY | MT4, MT5, cTrader, TradingView | No minimum | 85 |
| Capital.com | None of our five markets confirmed | Not published | Not published | 82 |
| TabTrade | CA, MY | MT5, cTrader, TradingView | Not published | 81 |
| MultiBank Group | SG, NZ | Not published | US$50 | 80.3 |
| Exness | MY | MT4, MT5, Proprietary | US$200 | 80 |
| FP Markets | CA, SG, MY | MT4, MT5, cTrader, TradingView | US$100 | 78.4 |
| Tickmill | MY | MT4, MT5, TradingView, Proprietary | US$100 | 75.8 |
| City Index | None of our five markets confirmed | MT4, TradingView, Proprietary | No minimum | 74.7 |
| PU Prime | CA | Not published | Not published | 74.3 |
| Trade Nation | None of our five markets confirmed | MT4, TradingView, Proprietary | No minimum | 71.5 |
| VantageFX | None of our five markets confirmed | MT4, MT5, TradingView, Proprietary | US$200 | 71 |
| ThinkMarkets | SG, MY, NZ | MT4, MT5, Proprietary | No minimum | 70 |
| GO Markets | SG | MT4, MT5, cTrader, TradingView, Proprietary | US$200 | 68.8 |
| FXCM | CA, MY | MT4, TradingView, Proprietary | US$50 | 68.6 |
| TMGM | CA, NZ | MT4, MT5, Proprietary | US$100 | 68.3 |
| Admiral Markets | None of our five markets confirmed | MT4, MT5 | US$100 | 68.2 |
| IG Group | US, SG, MY, NZ | MT4, MT5, TradingView, Proprietary | No minimum | 68.2 |
| FOREX.com | US, CA, SG, MY | MT4, MT5, TradingView, Proprietary | US$100 | 67.6 |
| FBS | None of our five markets confirmed | MT4, MT5, Proprietary | US$5 | 66.3 |
| FXTM | SG, MY | MT4, MT5 | US$10 | 65.4 |
| CMC Markets | CA, SG, MY, NZ | MT4, MT5, TradingView, Proprietary | No minimum | 64.6 |
| AvaTrade | CA, SG, MY | MT4, MT5, Proprietary | US$100 | 64.5 |
| Axi | SG, NZ | MT4 | No minimum | 64.5 |
| RoboForex | None of our five markets confirmed | MT4, MT5, Proprietary | US$10 | 64.4 |
| HYCM | None of our five markets confirmed | MT4, MT5, Proprietary | US$100 | 63.8 |
| ACY Securities | None of our five markets confirmed | MT4, MT5, Proprietary | US$50 | 63 |
| Markets.com | MY | MT4, MT5, Proprietary | US$100 | 62.6 |
| Interactive Brokers | US, CA, SG | Proprietary | No minimum | 62.3 |
| Hankotrade | None of our five markets confirmed | Proprietary | US$10 | 62 |
| Octa | MY | MT4, MT5, Proprietary | US$25 | 61.1 |
| XM | None of our five markets confirmed | MT4, MT5 | US$5 | 60.5 |
| Saxo Markets | SG | Proprietary | No minimum | 60.1 |
| easyMarkets | MY | MT4, MT5, TradingView, Proprietary | US$200 | 58.9 |
| Plus500 | US, CA, SG, NZ | Proprietary | US$100 | 58.8 |
| FxPro | SG, MY | MT4, MT5, cTrader, TradingView, Proprietary | US$100 | 58.5 |
| HFM | None of our five markets confirmed | MT4, MT5, Proprietary | No minimum | 58.5 |
| Blueberry Markets | None of our five markets confirmed | MT4, MT5, cTrader, TradingView, Proprietary | US$100 | 58.2 |
| XTB | MY | Proprietary | No minimum | 57.3 |
| Ox Securities | None of our five markets confirmed | Proprietary | No minimum | 55.4 |
| eToro | SG, MY | Proprietary | US$50 | 54.9 |
| Trading.com | US | MT5 | US$50 | 53.5 |
| Charles Schwab | US | Proprietary | No minimum | 51.2 |
| Accendo Markets | None of our five markets confirmed | Proprietary | No minimum | 51 |
| Global Prime | None of our five markets confirmed | MT4, MT5 | No minimum | 50.9 |
| Tradersway | None of our five markets confirmed | MT4, MT5, cTrader | No minimum | 49.3 |
| Fondex | None of our five markets confirmed | cTrader | No minimum | 48.5 |
| ATC Brokers | None of our five markets confirmed | MT4, Proprietary | US$2000 | 43.7 |
| Mitrade | None of our five markets confirmed | TradingView, Proprietary | Not published | 43.5 |
| KOT4X | None of our five markets confirmed | MT4 | US$25 | 41.3 |
| Hugo's Way | None of our five markets confirmed | MT4, MT5 | US$10 | 39.1 |
| Trading 212 | None of our five markets confirmed | Proprietary | US$10 | 36.3 |
The matcher filters, it does not score: the order is the rating already published on each broker's review, and a broker is only ever removed because a field you chose says so. We hold no published minimum deposit for Capital.com, TabTrade, PU Prime, Mitrade, so answering the deposit question sets them aside rather than guessing. Acceptance by market is derived from each broker's own regulator list and the pages that list it; where it is not confirmed the broker is set aside by the market question, not assumed in.
Compare Forex Brokers By Country
The Financial Markets Authority (FMA) is the local regulator in New Zealand allowing brokers to offer up to 500:1. You can view the best NZ forex brokers for Kiwi traders with several brokers offering more than CFDs including share trading.
The Canadian regulator is the Canadian Investment Regulatory Organization (CIRO). Only a handful or providers are regulated in the region as listed on our Canadian best forex broker comparison page that includes OANDA, Forex.com and Interactive Brokers.
The Singapore CFD market is regulated by MAS (Monetary Authority of Singapore) placing restrictions on trading conditions and broker protections. We compared local MAS regulated firms on the best Forex Brokers in Singapore page.
In the USA the National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC) work together to regulate trading. Only spot forex trading is allowed with NFA/CFTC firms compared on the Best Forex Brokers In USA page.
The Securities Commission Malaysia is the regulator in the region and a number of global forex brokers allow Malaysian traders to open an account. We listed the best Forex Brokers In Malaysia with tier 1 regulation in a nearby regions.
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Only The Top Regulated Forex Brokers
CompareForexBrokers review focus on evaluating regulated forex brokers which can be trusted. These brokers have the best trading platforms and software, low and competitive spreads and the best range of trading instruments. We only recommend regulated providers, ideally within the same region as the trader.
Why traders should compare Forex brokers?
Choosing the right forex broker is the second most important factor to successful trading; only your skills as a trader are more important. Good brokers provide the right infrastructure for you to execute your trading plan and give you the best chance of succeeding. Trading conditions provided by the broker to look for include low costs and fees, fast execution, a wide range of instruments, top trading platforms along with other features like automation, copy trading and social trading.
Broker Fees
The main fee a broker charges is the spread which is the difference between the ask and sell price for any currency pair. Our research found that spreads can be up to 300% higher between the most competitive brokers and expensive ones.
The second fee is the commission which applies to RAW/ECN accounts. In this case, the broker with the lowest fee had half the commission rate of the most expensive provider. The commission rate varies also by the base currency a trader selects when opening an account.
Trading Platforms
Most brokers offer a number of mainstream forex platforms such as MetaTrader 4, MetaTrader 5, cTrader and TradingView. If you’re used to one of these platforms, then you should visit our broker-by-platform pages. Other options include proprietary platforms which often have features not found in mainstream platforms such as a guaranteed stop loss, extra pending order types and charts.
Broker Performance
The technology stack of each broker can impact factors such as slippage. Based on this, we tested each broker’s execution speed over two 24-hour periods so traders can understand the performance of each provider’s platform, liquidity and servers.
Trading Conditions
Brokers and often their regulators determine what can be traded and under what conditions. This includes leverage for retail traders, which can range from a maximum of 30:1 to 500:1. Regulation rules can also determine what type of trading is available, for example, in the UK, only some brokers offer financial spreads betting accounts. These trading conditions can often be tested on a demo account first before trading with real money. There is also a large variation in regard to the minimum deposit requirements to start trading on a live account.
Range Of Markets
While all providers offer currency trading on major currency pairs including EUR/USD, AUD/USD, GBP/USD and USD/JPY they will vary when it comes to minor and exotic pairs. There is also variation when it comes to Share CFDs, commodities, indices, EFTs and crypto CFDs.
How do you get started trading forex?
To get started trading forex we recommend a measured approach based on research and extensive testing.
- 1
Choose a forex broker
Take into account your experience level, budget and overall goals for forex trading. Ensure that the broker offers access to currency pairs you want to trade and provides the tools and platforms you need for technical analysis.
- 2
Refine your trading strategy
If your preferred broker offers a demo account, take this opportunity to test out different platforms to ensure that you’re comfortable with the interface and trading tools available
- 3
Set up risk management tools
Once you understand your entry and exit points, take measures to limit your exposure and control your risk. Popular methods include hedging, stop loss and limit orders and, where available, guaranteed stop loss orders.
Our Forex Brokers Comparison Methodology
CompareForexBrokers was created by a team that has worked in the forex industry for several years.
Our experienced team collects information based on different regulation standards and ECN brokers combined with their forex trading platforms, such as MetaTrader 4. Factors considered include brokerage (fees and spreads), charting facilities, project management tools, online trading environment, and liquidity offered, which can impact slippage. No scraping or automation is used to compare forex brokers to ensure the highest quality comparisons. Let us know your thoughts about the forex market or our comparison tables!
In our selection process, we also look at the broker’s social trading features (e.g., eToro and their copy trading platform), algorithmic trading capability, payment methods (e.g., PayPal, direct debit, withdrawals) and mobile apps (i.e., the platform available on iOS and Android). We’d then look at whether the brokers are user-friendly and what kind of forex pairs they offer (e.g., GBP/USD and their volatility). We pay attention to the details, such as inactivity fees.
View our Wikipedia page for more details on the company and background.
So whether you’re a beginner looking to trade currencies for the first time or an experienced forex trader, you have come to the right place!
Success stories
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Adrian ZalcmanTrader And Real Estate Mogul “This is one of the few websites that only compares forex brokers regulated in the region. As a US resident there is nothing more frustrating than seeing a list only for each provider to explain they don’t onboard US traders. I’m very thankful that you went through the trouble of shortlisting only the relevant providers.”
Riley AdamsFinancial Advisor and CPA “I had a lot of trouble with the old comparison site I was using to compare brokers, pricing etc which was out of date and I was left more confused than anything. Thankfully I came across CompareForexBrokers and have saved so much time researching brokers and trading tips.”
Max AdlerNewbie Trader Understanding The Risks Of Forex Trading
Currency trading is a leveraged product, which means that an FX broker can amplify your deposit by up to 500 (500:1) times in some regions. This leverage means there is a high risk of losing your money when financial markets become volatile. It is important to understand the risks and disclaimers involved and consider options such as demo accounts prior to trading real money. CompareForexBrokers picks only trusted CFD brokers that are regulated in their jurisdiction, such as European brokers regulated by CySEC or Australian brokers regulated by the ASIC in Sydney. We do this in order to help you avoid trading scams.
FAQs
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About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.