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Risk warning: CFDs and spot forex are complex instruments and come with a high risk of losing money rapidly due to leverage. A large share of retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to lose your money. Lotsight publishes independent reviews, not personal financial advice.

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Home / Rankings

Every broker we tested, ranked.

Scores out of 10 from real deposits, live trades and completed withdrawals. Filter by the kind of broker you need.

All 50Beginner-Friendly Brokers 7Copy & Social Trading 5Established Multi-Asset Brokers 11International & High-Leverage Brokers 11Raw Spread & ECN Brokers 11US Forex Brokers 5
50 brokers
1

IC Markets Global

Raw Spread & ECN Brokers · Best for high-volume MT4, MT5 and cTrader traders who can do the pip-versus-commission maths themselves

EUR/USD average spread
0.1 pips (Raw Spread and cTrader Raw)
Minimum deposit
$200 (Raw Spread and cTrader Raw)
Retail leverage (ASIC/CySEC)
30:1 on major currency pairs
Regulators
ASICCySECFSA
8.4/10 IC Markets Global rating
Review
2

Fusion Markets

Raw Spread & ECN Brokers · Best for cost-focused traders comfortable with offshore regulation who want the lowest verified all-in spread plus commission

Zero account EUR/USD spread
0.0 pips floor, 0.05 pips average in independent testing
Minimum deposit
$0
Regulators
ASICVFSCFSA
Zero account commission
$2.25 per side, $4.50 round turn per standard lot
8.2/10 Fusion Markets rating
Review
3

Tickmill Group

Raw Spread & ECN Brokers · Best for volume traders on MT4 or MT5 who want FCA-level regulation alongside genuinely low raw-spread pricing

Raw account EUR/USD spread
0.0 pips floor, 0.10 pips typical average
Minimum deposit
$100 (Raw account)
UK entity leverage
Up to 1:30 (FCA licence 717270)
Regulators
FCACySECFSCAFSA
8.2/10 Tickmill Group rating
Review
4

Pepperstone Group

Raw Spread & ECN Brokers · Best for active traders who want MT5, cTrader and TradingView on the same raw-spread account

EUR/USD spread (Razor)
From 0.0, averaging near 0.1 pips
Minimum deposit
No set minimum
Regulators
FCAASICCySECDFSA
Account tested
Razor
8.1/10 Pepperstone Group rating
Review
5

StoneX Group

US Forex Brokers · Best for uS-based traders who want MetaTrader access, a wide pair list and a raw-spread option OANDA does not offer

RAW account EUR/USD spread
As low as 0.0 pips, typical near 0.137 pips
Minimum deposit
$100 (RAW pricing account)
Retail leverage cap
50:1 on majors, 20:1 on minors (CFTC rule)
Regulator
CFTCNFA member 0339826
8.1/10 StoneX Group rating
Review
6

IG Group

Established Multi-Asset Brokers · Best for traders who want broad market access and top-tier regulation more than the absolute lowest spread

EUR/USD spread
From 0.6 pips, averaging close to 0.9 pips
Minimum deposit
$0 by bank transfer, from $250 by card in some regions
Regulators
FCAASICBaFinMAS
Commission (standard account)
None; cost is built into the spread
8.1/10 IG Group rating
Review
7

First Prudential Markets

Raw Spread & ECN Brokers · Best for traders who want raw forex pricing and direct market access to shares on one login

Raw EUR/USD spread
Averaging 0.05 to 0.1 pips in independent tests
Minimum deposit (Raw)
$100
Regulators
ASICCySEC (37118)FSCA
Account tested
Raw
8.0/10 First Prudential Markets rating
Review
8

Global Prime

Raw Spread & ECN Brokers · Best for cost-conscious traders who want to verify execution quality themselves rather than trust a broker's marketing

Raw account EUR/USD spread
Averages around 0.10 pips
Minimum deposit
$0 (a few hundred dollars recommended to trade)
Regulators
ASICVFSC
Raw account commission
$7 round turn per standard lot
8.0/10 Global Prime rating
Review
9

Saxo Bank

Established Multi-Asset Brokers · Best for multi-asset traders who want forex plus stocks and bonds under one regulated bank

EUR/USD minimum spread, Classic
From 1.0 pip
Minimum deposit
No set minimum on Classic, country-dependent
Regulator
Danish FSAplus local regulators per entity
EUR/USD minimum spread, Platinum
From 0.9 pip
7.8/10 Saxo Bank rating
Review
10

Interactive Brokers LLC

US Forex Brokers · Best for cost-conscious traders who already know how to place orders and want interbank pricing

US regulator
CFTC-registered FCMNFA member
Venue tested
IdealPro spot forex
Account minimum
$0 to open
IdealPro order minimum
25,000 units of base currency
7.7/10 Interactive Brokers LLC rating
Review
11

ActivTrades

Established Multi-Asset Brokers · Best for uK and EU traders who want FCA regulation plus insurance coverage above the standard scheme, on any of three platforms

Forex spread
From 0.5 pips, no commission on currency pairs
Minimum deposit
None
Leverage
Up to 1:2 for EU/FCA retail clients; higher under offshore entities
Regulators
FCA (05367727UK)SCBFSC
7.7/10 ActivTrades rating
Review
12

CMC Markets plc

Established Multi-Asset Brokers · Best for traders who want built-in chart pattern scanning and sentiment data without paying extra for it

Standard account EUR/USD spread
Averaging around 0.7 pips
Minimum deposit
No set minimum
Key regulators
FCAASICMASCIRO
Platforms tested
Next Generation, MetaTrader 4, MetaTrader 5
7.6/10 CMC Markets plc rating
Review
13

XTB S.A.

Established Multi-Asset Brokers · Best for traders who want one platform for forex CFDs and commission-free stock investing without juggling two brokers

Standard account EUR/USD spread
0.5 pips minimum, floating
Minimum deposit
None
Retail leverage (EU/UK)
Up to 1:30 on major forex pairs
Regulators
FCACySECKNFIFSC
7.6/10 XTB S.A. rating
Review
14

IG US LLC

US Forex Brokers · Best for uS traders who want NFA oversight and are willing to pick a tier instead of one blended price

Standard spread (EUR/USD)
From 0.8 pips, commission-free
Regulator
CFTC-registered RFEDNFA member
Parent company
IG Group (IG US LLC), rebranded June 2024
Account tiers
Standard, Zero+, Prime
7.6/10 IG US LLC rating
Review
15

Tradeslide Trading Tech

Copy & Social Trading · Best for traders with a real track record who want a structured route to investor capital

Retail EUR/USD spread
Averaging roughly 0.1 to 0.3 pips
Minimum deposit
$500
Regulators
FCACNMVFSA
DARWIN minimum investment
200 units of wallet currency, 25-unit increments
7.5/10 Tradeslide Trading Tech rating
Review
16

Capital Com Group

Beginner-Friendly Brokers · Best for first-time traders who want a regulated, easy app plus free education before scaling up

EUR/USD average spread
Around 0.7 pips, commission-free
Minimum deposit (card)
$20
Regulators
FCACySECASICSCB
Currency conversion fee
0.7% retail, 0.5% professional
7.5/10 Capital Com Group rating
Review
17

Admirals Group AS

Established Multi-Asset Brokers · Best for mT4/MT5 traders who want Trading Central research and order tools bundled in for free

Trade account EUR/USD spread
0.9 pips, no commission
UK minimum deposit
£250
Regulators
FCAASICCySECEFSA
Founded
2003, Tallinn, Estonia (as Admiral Markets)
7.5/10 Admirals Group AS rating
Review
18

Eightcap

Raw Spread & ECN Brokers · Best for tradingView chartists who want to place orders without switching to a separate execution platform

Standard EUR/USD spread
Around 1.0 pip, commission-free
Minimum deposit
$100 (or EUR/GBP equivalent)
Regulators
ASICFCACySECplus tier-four entities
Account types
Standard, Raw
7.4/10 Eightcap rating
Review
19

Axi

Raw Spread & ECN Brokers · Best for mT4 traders who want a shot at trading Axi's own capital through Axi Select without an upfront challenge fee

Standard account EUR/USD spread
1.45 pips, no commission
Minimum deposit
$0, $200 recommended
Regulators
ASICFCACySECDFSA
Founded
2007, Sydney, Australia
7.4/10 Axi rating
Review
20

OANDA Corporation

US Forex Brokers · Best for uS traders who value regulation and TradingView over the cheapest possible spread

EUR/USD spread (spread-only)
Around 0.9-1.7 pips
Minimum deposit
$0
Max leverage (US retail)
50:1 majors, 20:1 minors
Regulator
NFACFTC (OANDA CorporationUSA)
7.4/10 OANDA Corporation rating
Review
21

Vantage Global

Copy & Social Trading · Best for cost-focused traders who want copy trading built into a competitively priced raw ECN account

Raw ECN EUR/USD spread
0.0 pips floor, 0.127 pips typical average
Minimum deposit
$50 (Standard STP and Raw ECN accounts)
Regulators
FCAASICCIMAVFSC
Raw ECN commission
$3 per side, $6 round turn per standard lot
7.3/10 Vantage Global rating
Review
22

FXCM Group

Established Multi-Asset Brokers · Best for algorithmic and API traders outside the US who want free, documented connection methods rather than a black-box platform

Standard account EUR/USD spread
Around 0.9 pips, no commission
Standard account minimum deposit
$50
Regulators
FCAASICCySEC
Active Trader minimum
$25,000 equity to qualify
7.3/10 FXCM Group rating
Review
23

Trademax Global

Raw Spread & ECN Brokers · Best for cost-focused ECN traders who confirm their entity first and accept VFSC oversight if it is not ASIC

Edge account spread
From 0.0 pips plus $7 FX / $5 metals commission per round-turn lot
Minimum deposit
$100 (Edge or Classic)
Leverage
Up to 1:30 (ASIC retail), up to 1:1000 (VFSC entity)
Regulators
ASICVFSC VanuatuFSA SeychellesFSC Mauritius
7.3/10 Trademax Global rating
Review
24

BlackBull Group

Raw Spread & ECN Brokers · Best for cost-focused ECN traders comfortable with tier-two New Zealand regulation instead of a tier-one licence

ECN Standard EUR/USD spread
1.1 pips, no commission
Minimum deposit
$0 on both ECN Standard and ECN Prime
Maximum leverage
Up to 500:1 on forex
Regulators
FMA (New Zealandtier two)FSA (Seychellestier three)
7.2/10 BlackBull Group rating
Review
25

ForexTime

International & High-Leverage Brokers · Best for international traders who want two clearly priced accounts and will check which entity they land under

Advantage account spread
From 0.0 pips plus $3.50 commission per lot
Minimum deposit
$200 (Advantage and Advantage Plus)
FCA entity leverage
Up to 1:30 (Exinity UK Ltd)
Regulators
FCACySECFSCAFSC
7.2/10 ForexTime rating
Review
26

ThinkMarkets

Raw Spread & ECN Brokers · Best for discretionary traders who want ThinkTrader's charting tools and are not running Expert Advisors

ThinkZero EUR/USD spread
From 0.0 pips, averaging around 0.11 pips
Standard/ThinkTrader minimum deposit
$0
Regulators
FCAASICCySECJFSA
ThinkZero minimum deposit
$500
7.1/10 ThinkMarkets rating
Review
27

FxPro Group

Established Multi-Asset Brokers · Best for traders who want MT4, MT5 and cTrader on one account and are willing to pay Raw+ commission for a fair spread

Standard account EUR/USD spread
1.44 pips, no commission
Minimum deposit
No fixed minimum, $100 practical start
Regulators
FCACySECFSCASCB
Founded
2006, London, UK
7.1/10 FxPro Group rating
Review
28

easyMarkets

Beginner-Friendly Brokers · Best for beginners who want a known, fixed cost per trade and an occasional undo option over the lowest possible spread

EUR/USD spread, web/app (fixed)
From 0.9 pips
Minimum deposit
$25
Leverage
Up to 1:400 on web/app, up to 1:2000 on eligible MT5 accounts
Regulators
CySEC (07907)ASICSeychelles FSA
7.1/10 easyMarkets rating
Review
29

XM Group

International & High-Leverage Brokers · Best for beginners who want a tiny account to learn on, not active traders chasing tight spreads

Standard account EUR/USD spread
Roughly 1.1-2.0 pips, no commission
Micro account minimum deposit
$5
Max leverage (offshore entities)
Up to 1:1000
Max leverage (ASIC, Australia)
Up to 1:500
6.9/10 XM Group rating
Review
30

Dukascopy Bank

Established Multi-Asset Brokers · Best for experienced traders who want Swiss bank-level regulation and are willing to learn JForex properly

EUR/USD spread
From 0.1 pips on the ECN account
JForex minimum deposit
$100
Leverage
Up to 1:200 on forex, per account tier
Regulation
FINMAwith subsidiaries regulated in LatviaJapan
6.9/10 Dukascopy Bank rating
Review
31

VT Markets

International & High-Leverage Brokers · Best for cost-focused ECN traders comfortable opening under ASIC or FSCA and skipping the offshore leverage tiers

Standard account spread
From 1.2 pips, no commission
Standard account minimum deposit
$50
Leverage
Up to 1:500 (ASIC/FSCA entities), up to 1:1000 by application (offshore entities)
Regulators
ASICFSCAFSCCIMA
6.9/10 VT Markets rating
Review
32

Exness Group

International & High-Leverage Brokers · Best for traders who prioritise fast withdrawals and flexible leverage and have checked which entity holds their account

Standard account spread
From 0.2 to 0.3 pips on EUR/USD
Minimum deposit
From $10 on Standard, varies by payment method
Leverage
Up to unlimited on balances under $1,000 (entity dependent)
Regulators
FCACySECFSCAFSA
6.9/10 Exness Group rating
Review
33

HF Markets Group

International & High-Leverage Brokers · Best for beginners starting on Cent and active traders who move to Zero once they understand order sizing

Leverage (Zero, Seychelles entity)
Up to 1:2000
Regulators
FCACySEC (18312)DFSA
Account types
Cent, Premium, Zero, Pro, InfinityX
Cent account
No minimum, cent lots (1,000 units), spreads from 1.2 pips, no commission
6.9/10 HF Markets Group rating
Review
34

AvaTrade

Beginner-Friendly Brokers · Best for new traders who want fixed pricing and optional per-trade loss insurance over the cheapest possible spread

EUR/USD spread
0.9 pips fixed
Minimum deposit
$100
Retail leverage (EU/UK/AU)
Up to 30:1 on major forex pairs
Lead regulator
Central Bank of Ireland
6.9/10 AvaTrade rating
Review
35

Swissquote Bank

Established Multi-Asset Brokers · Best for well-capitalised traders who want forex trading inside a regulated Swiss bank rather than a dedicated low-cost broker

Standard account EUR/USD spread
From 1.7 pips, no commission
Minimum deposit
$1,000 (Standard), $10,000 (Premium), $50,000 (Prime)
Regulator
FINMAbanking licence since 2001
Premium account EUR/USD spread
From 1.4 pips, no commission
6.9/10 Swissquote Bank rating
Review
36

ZuluTrade

Copy & Social Trading · Best for copy traders who want a wide choice of ranked leaders and will research each one instead of trusting the rank alone

Regulator
Hellenic Capital Markets Commissionlicence 254017.2.2010
Cost to join
Free
Copying fee, Integrated Brokers
$0
Copying fee, other brokers
$10 per leader strategy per month, discounted 5-17% on longer plans
6.9/10 ZuluTrade rating
Review
37

eToro Group

Copy & Social Trading · Best for new traders who want to follow an experienced trader's forex calls without placing their own orders

EUR/USD average spread
About 1.0 pip
Minimum first deposit
From $50, higher in some countries
Regulators
FCACySECASIC
Minimum CopyTrader allocation
Around $200 per Popular Investor
6.8/10 eToro Group rating
Review
38

StoneX Group

Established Multi-Asset Brokers · Best for uK traders who want TradingView charting and broad market access from an FCA firm without shopping purely on spread

EUR/USD spread
Averages around 0.74 pips on the standard CFD account, per ForexBrokers.com testing
Minimum deposit
None fixed; roughly £100 recommended to meet margin
Regulator
FCAStoneX Financial Ltdfirm reference 446717
New brand name
StoneX Trading (UK), rebranded from City Index in September 2026
6.7/10 StoneX Group rating
Review
39

Libertex Group

Beginner-Friendly Brokers · Best for beginners who accept a $10 entry point but will read the fee schedule instead of trusting the headline spread

EUR/USD average spread
Around 0.3 pips
Minimum deposit
$10 (varies by region and entity)
Regulation
CySEC licence 16412 (Indication Investments LtdEU entity)
Commission, proprietary platform
5 euros per side
6.7/10 Libertex Group rating
Review
40

Trading 212

Beginner-Friendly Brokers · Best for existing Trading 212 Invest or ISA users who want to try forex CFDs without opening a second account

Minimum deposit
From 1 unit of the account's base currency
Major pair leverage cap
30:1, standard for FCA and CySEC retail accounts
Regulators
FCACySEC
Commission
None on the CFD account
6.6/10 Trading 212 rating
Review
41

The NAGA Group

Copy & Social Trading · Best for traders who want NAGA's crypto and payment app ecosystem, not traders chasing the lowest copying cost

EUR/USD spread, under €5,000
Around 1.7 pips
Minimum deposit
$50 (CySEC entity), $250 (NAGA Global)
Regulators
CySEC (NAGA Markets Europelicense 20413)NAGA Global unregulated (St Vincent
EUR/USD spread, under €50,000
Around 1.2 pips
6.6/10 The NAGA Group rating
Review
42

Finalto

Beginner-Friendly Brokers · Best for new traders who want a web platform and built-in research without downloading MetaTrader first

EUR/USD spread
1 pip tested, no commission on retail account
Minimum deposit
$100 (or currency equivalent)
Regulators
FCACySECASICFSCA
Founded
2008, Limassol, Cyprus
6.6/10 Finalto rating
Review
43

Plus500 Ltd

Beginner-Friendly Brokers · Best for first-time traders who want a simple app-only account without configuring a separate platform

EUR/USD average spread
About 0.8 pips
Minimum deposit
$100
Retail leverage
Up to 30:1 on major forex pairs
Regulators
FCAASICCySEC
6.5/10 Plus500 Ltd rating
Review
44

FBS Markets

International & High-Leverage Brokers · Best for traders in Asia, Africa or the Middle East who want a $5 entry point and can manage leverage discipline on their own

EUR/USD spread
Around 1.1 pips average, commission-free
Minimum deposit
$5
Maximum leverage
1:3000 (forex, retail)
Regulators
ASIC (Australiatier-four)CySECFSC
6.4/10 FBS Markets rating
Review
45

RoboForex

International & High-Leverage Brokers · Best for cost-conscious traders and EA testers comfortable holding funds with an offshore-only regulator

ECN account spread and commission
0.0 pips plus $2 per lot per side
Minimum deposit
$10 for Pro, ProCent, Prime and ECN; $100 for R StocksTrader
Maximum leverage
Up to 1:2000 on Pro/ProCent, 1:500 on ECN
Regulator
Belize FSC (Licence 000138210)no tier-one equivalent
6.4/10 RoboForex rating
Review
46

Deriv Group

International & High-Leverage Brokers · Best for small-deposit forex traders who want 0% commission pricing and register under Deriv's Malta entity

Minimum deposit
$5
Forex pairs offered
More than 50 major, minor and exotic pairs
Standard account commission
0% on forex, spread-based pricing
EU entity
Deriv Investments (Europe) Ltd, MFSA licence IS/70156
6.4/10 Deriv Group rating
Review
47

Charles Schwab

US Forex Brokers · Best for existing Schwab brokerage clients who want occasional currency exposure without a second login

EUR/USD spread
Averages roughly 1.27 pips, per independent testing
Leverage
Up to 20:1 forex margin for eligible accounts
Regulation
CFTC-registeredCIRO memberfive Tier-1 licenses (FCACFTC
Account minimum
$0 to open; forex trading needs standing margin approval
6.4/10 Charles Schwab rating
Review
48

LiteFinance Global

International & High-Leverage Brokers · Best for traders who accept offshore FSC regulation in exchange for competitive ECN pricing and built-in copy trading

ECN spread
From 0.0 pips, raw market pricing
ECN minimum deposit
$50
Leverage
Up to 1:1000 (offshore entity)
Regulators
St. Vincentthe GrenadinesCySECFSC
6.2/10 LiteFinance Global rating
Review
49

Octa Markets

International & High-Leverage Brokers · Best for small-balance traders who value a low deposit and default swap-free accounts over top-tier regulatory protection

EUR/USD spread
From 0.6 pips
Minimum deposit
$25 across OctaTrader, MT4 and MT5 accounts
Leverage
Up to 1:1000 on offshore entities
Swap-free policy
Applied by default on every account, no manual request needed
6.1/10 Octa Markets rating
Review
50

PU Prime

International & High-Leverage Brokers · Best for traders in Australia or South Africa who want the ASIC or FSCA entity and treat the cent account as a real practice tool

Standard account spread
EUR/USD averages 1.3 pips, no commission
Minimum deposit
$20 (Cent), $50 (Standard), $1,000 (Prime), $10,000 (ECN)
Leverage
Up to 1:1000 offshore, auto-reduced to 1:500 above $20,000 equity; 1:30 under ASIC
Regulators
ASICFSCAFSCFSA Seychelles
5.8/10 PU Prime rating
Review