Broker research

Best Forex Brokers

Regulation, pricing, platforms and funding compared — so you can pick a broker that actually fits how you trade.

Top recommendation

eToro

4.9out of 5

A multi-asset platform best known for social and copy trading, with a simple interface, a large community of traders to follow and access to forex, stocks, commodities and crypto from one account.

Minimum Deposit
$100
Regulation
FCA, CySEC, ASIC
Platforms
eToro Web & Mobile
Spreads
From 1.0 pips
Best For
Copy & social trading
eToro — You don't have to be a professional trader to start trading

CFDs are leveraged and speculative products intended for investors who understand the risks involved. Due to leverage, losses can occur rapidly and you may lose all of your invested capital.

CFDs are leveraged and speculative products intended for investors who understand the risks involved. Due to leverage, losses can occur rapidly and you may lose all of your invested capital.

Alternatives

Other Recommended Brokers

Six more regulated brokers worth shortlisting, each with a different strength.

IC

IC Markets

Raw spread specialist

4.8out of 5

An ECN-style broker built around deep liquidity and low latency execution, popular with scalpers and algorithmic traders.

Minimum Deposit
$200
Regulation
ASIC, CySEC, FSA
Platforms
MT4, MT5, cTrader
Spreads
From 0.0 pips + commission
Best For
Scalping & algo trading
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PS

Pepperstone

Fast execution, strong tooling

4.7out of 5

Well regulated broker with competitive raw pricing, Autochartist and Smart Trader Tools bundled at no extra cost.

Minimum Deposit
$200
Regulation
FCA, ASIC, CySEC, DFSA
Platforms
MT4, MT5, cTrader, TradingView
Spreads
From 0.1 pips
Best For
Active day traders
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XM

XM

Beginner friendly accounts

4.5out of 5

Low entry requirements, extensive educational webinars and micro lots make XM a common first stop for new traders.

Minimum Deposit
$200
Regulation
CySEC, ASIC, IFSC
Platforms
MT4, MT5, XM App
Spreads
From 0.6 pips
Best For
Beginners & small accounts
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EX

Exness

Instant withdrawals

4.6out of 5

Known for near-instant funding, flexible leverage and stable pricing across major and exotic currency pairs.

Minimum Deposit
$200
Regulation
FCA, CySEC, FSA, FSCA
Platforms
MT4, MT5, Exness Terminal
Spreads
From 0.0 pips
Best For
Fast funding & exotics
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FP

FP Markets

Deep liquidity, wide markets

4.5out of 5

A long-running Australian broker offering DMA pricing on forex, indices, shares and commodities in one account.

Minimum Deposit
$200
Regulation
ASIC, CySEC
Platforms
MT4, MT5, cTrader, IRESS
Spreads
From 0.0 pips + commission
Best For
Multi-asset traders
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AV

AvaTrade

Options and copy trading

4.4out of 5

Broad product range including forex options, plus integrated copy trading through AvaSocial and DupliTrade.

Minimum Deposit
$200
Regulation
CBI, ASIC, FSCA, FSA
Platforms
MT4, MT5, AvaTradeGO, WebTrader
Spreads
From 0.9 pips
Best For
Copy & options trading
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Broker details are for information only and may change. Always confirm current terms on the broker's own website before opening an account.