Compare Forex Brokers
Pepperstone is the highest-rated broker in our comparison table, at 93.5 out of 100 in ratings we recomputed on September 27, 2026. Our rating is a weighted average across eight categories, with Trading Costs weighted most, and the table below ranks its 49 brokers by that rating. Sort or filter the table, and check which regulator's entity would hold your account before you open one.
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Observed 14 live accounts opened and funded See every account record
49 forex and CFD brokers compared across every market this site covers on the published rating out of 100, the advertised 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: October 14, 2026.
| Broker | Regulators | Our live deposit | Platforms | Review | Visit broker | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Pepperstone Razor: EUR/USD 0.1 pips average (August 2026) Accepts residents of Malaysia (international entity) | 93.5/100 |
| 0.10 pipsadvertised | US$7.00per lot, round turn | US$0 | 2 x US$10 by cardObserved October 30, 2026 | 77 msdemo account | MT4, MT5, cTrader, TradingView | Pepperstone review | Visit Pepperstone |
| IC Markets Raw Spread: US$3.50 per side on MT4 Accepts residents of Malaysia (international entity) | 89/100 |
| 0.10 pipsadvertised | US$7.00per lot, round turn | US$200 | US$20 by cardObserved October 30, 2026 | 134 msdemo account | MT4, MT5, cTrader, TradingView | IC Markets review | Visit IC Markets |
| OANDA Copy trading built into MT5 Accepts residents of the United States, Canada, Singapore and Malaysia (international entity) | 88.3/100 |
| from 0.10 pipsadvertised minimum | US$8.00per lot, round turn | US$0 | US$50 by cardObserved October 30, 2026 | 86 msdemo account | MT4, MT5, TradingView, Proprietary | OANDA review | Visit OANDA |
| Fusion Markets Zero account: US$2.25 per side commission Accepts residents of Canada (international entity) | 85/100 |
| 0.03 pipsadvertised | US$4.50per lot, round turn | US$0 | US$20 by cardObserved October 30, 2026 | 79 msdemo account | MT4, MT5, cTrader, TradingView | Fusion Markets review | Visit Fusion Markets |
| BlackBull Markets Fastest limit order fills of the 36 brokers in our MT4 test Accepts residents of New Zealand | 84.5/100 |
| from 0.00 pipsadvertised minimum | US$6.00per lot, round turn | US$0 | US$50 by cardObserved October 30, 2026 | 72 msdemo account | MT4, MT5, cTrader, TradingView, Proprietary | BlackBull Markets review | Visit BlackBull Markets |
| TabTrade Edge: EUR/USD 0.03 pips average (April 2026, Datalyst) Accepts residents of Canada (international entity) | 81.5/100 |
| 0.03 pipsadvertised | US$7.00per lot, round turn | US$0 (Standard and Edge) | US$20 by cardObserved October 30, 2026 | Not tested | MT5 (cTrader and TradingView announced) | TabTrade review | Visit TabTrade |
| MultiBank Group Regulated across five continents by 17+ authorities Accepts residents of Singapore and Malaysia (international entity) | 80.3/100 |
| 0.10 pipsadvertised | Not published | US$50 | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | MultiBank Group review | Visit MultiBank Group |
| FP Markets MT4, MT5, cTrader and TradingView Accepts residents of Canada (international entity) | 78.4/100 |
| 0.10 pipsadvertised | US$6.00per lot, round turn | US$100 | US$40 by cardObserved October 30, 2026 | 225 msdemo account | MT4, MT5, cTrader, TradingView | FP Markets review | Visit FP Markets |
| Eightcap Raw: US$3.50 per side commission Accepts residents of Canada (international entity) | 77.5/100 |
| from 0.00 pipsadvertised minimum | US$7.00per lot, round turn | US$100 | US$50 by QR PhObserved October 16, 2026 | 143 msdemo account | MT4, MT5, TradingView, Proprietary | Eightcap review | Visit Eightcap |
| Plus500 Licensed in 15+ jurisdictions Accepts residents of Canada, Singapore and New Zealand | 76/100 |
| Not published | No Account | US$100 | No account on fileDesk-based | Not tested | Proprietary | Plus500 review | Visit Plus500 |
| Capital.com Spread-only: EUR/USD 0.7 pips advertised | 74.8/100 |
| Not published | Not published | US$10 (standard methods) | No account on fileDesk-based | Not tested | MT4, MT5, TradingView, Proprietary | Capital.com review | Visit Capital.com |
| StoneX Trading US$0 minimum deposit | 74.7/100 |
| from 0.70 pipsadvertised minimum | US$5.00per lot, round turn | US$0 | No account on fileDesk-based | 95 msdemo account | MT4, TradingView, Proprietary | StoneX Trading review | Visit StoneX Trading |
| PU Prime Entities licensed by ASIC, FSCA and FSC Mauritius Accepts residents of Canada (international entity) | 74.3/100 |
| 0.20 pipsadvertised | Not published | Not published | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | PU Prime review | Visit PU Prime |
| Fintrix Markets Zero account: US$7 round-turn commission Accepts residents of Canada (international entity) and Malaysia (international entity) | 73/100 |
| from 0.00 pipsadvertised minimum | Tiered or conditional, see the review | US$0 | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | Fintrix Markets review | Visit Fintrix Markets |
| Trade Nation MT4, TradingView and its own platform | 71.5/100 |
| Not published | Not published | US$50 | No account on fileDesk-based | Not tested | MT4, TradingView, Proprietary | Trade Nation review | Visit Trade Nation |
| VantageFX MT4, MT5 and TradingView | 71/100 |
| 0.18 pipsadvertised | US$5.00per lot, round turn | US$50 (Standard STP) | US$51 by cardObserved October 30, 2026 | 175 msdemo account | MT4, MT5, TradingView, Proprietary | VantageFX review | Visit VantageFX |
| ThinkMarkets Raw: US$3.50 per side commission Accepts residents of New Zealand | 70/100 |
| from 0.00 pipsadvertised minimum | US$7.00per lot, round turn | US$0 | No account on fileDesk-based | 161 msdemo account | MT4, MT5, TradingView, Proprietary | ThinkMarkets review | Visit ThinkMarkets |
| GO Markets GO Plus+: US$2.50 per side commission | 68.8/100 |
| 0.10 pipsadvertised | US$5.00per lot, round turn | US$0 | No account on fileDesk-based | 144 msdemo account | MT4, MT5, cTrader, TradingView | GO Markets review | Visit GO Markets |
| FXCM Entities licensed by the FCA, ASIC and CySEC Accepts residents of Canada | 68.6/100 |
| 0.30 pipsadvertised | US$8.00per lot, round turn | US$50 | No account on fileDesk-based | 108 msdemo account | MT4, TradingView, Proprietary | FXCM review | Visit FXCM |
| TMGM Raw: US$3.50 per side commission Accepts residents of Canada (international entity) | 68.3/100 |
| 0.20 pipsadvertised | US$7.00per lot, round turn | US$100 | No account on fileDesk-based | 94 msdemo account | MT4, MT5, Proprietary | TMGM review | Visit TMGM |
| Admiral Markets Raw: US$3.00 per side commission | 68.2/100 |
| from 0.00 pipsadvertised minimum | US$6.00per lot, round turn | US$25 | No account on fileDesk-based | 132 msdemo account | MT4, MT5, Proprietary | Admiral Markets review | Visit Admiral Markets |
| IG Group US$0 minimum deposit Accepts residents of Singapore, Malaysia (international entity) and New Zealand | 68.2/100 |
| 0.16 pipsadvertised | US$12.00per lot, round turn | US$0 | US$50 by cardObserved October 30, 2026 | 174 msdemo account | MT4, MT5, TradingView, Proprietary | IG Group review | Visit IG Group |
| FOREX.com MT4, MT5 and TradingView Accepts residents of the United States, Canada, Singapore and Malaysia (international entity) | 67.6/100 |
| 0.10 pipsadvertised | Tiered or conditional, see the review | US$100 | US$100 by cardObserved November 2, 2026 | 98 msdemo account | MT4, MT5, TradingView, Proprietary | FOREX.com review | Visit FOREX.com |
| FBS US$5 minimum deposit | 66.3/100 |
| from 0.00 pipsadvertised minimum | Not published | US$5 | PHP 500 by QR PhObserved October 30, 2026 | 135 msdemo account | MT4, MT5, Proprietary | FBS review | Visit FBS |
| FXTM US$30 minimum deposit | 65.4/100 |
| 0.10 pipsadvertised | US$8.00per lot, round turn | US$30 (Micro) | No account on fileDesk-based | 248 msdemo account | MT4, MT5, Proprietary | FXTM review | Visit FXTM |
| CMC Markets MT4, MT5 and TradingView Accepts residents of Canada, Singapore, Malaysia (international entity) and New Zealand | 64.6/100 |
| 0.50 pipsadvertised | FX Active: 0.0025% per side, every forex pair | US$0 | No account on fileDesk-based | 138 msdemo account | MT4, MT5, TradingView, Proprietary | CMC Markets review | Visit CMC Markets |
| Axi No minimum deposit Accepts residents of New Zealand | 64.5/100 |
| from 0.00 pipsadvertised minimum | US$4.50per lot, round turn | US$0 | No account on fileDesk-based | 90 msdemo account | MT4, MT5, Proprietary | Axi review | Visit Axi |
| AvaTrade Negative balance protection on the retail account Accepts residents of Canada | 64.5/100 |
| Not published | No Account | US$100 | No account on fileDesk-based | 235 msdemo account | MT4, MT5, Proprietary | AvaTrade review | Visit AvaTrade |
| RoboForex ECN: US$2.00 per side commission | 64.4/100 |
| 0.10 pipsadvertised | US$4.55per lot, round turn | US$10 | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | RoboForex review | Visit RoboForex |
| Hantec Markets Trustpilot score of 5.0 from 5,332 reviews Accepts residents of Malaysia (international entity) | 64/100 |
| 0.10 pipsadvertised | Tiered or conditional, see the review | US$10 (Hantec Global) | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | Hantec Markets review | Visit Hantec Markets |
| HYCM Entities licensed by the FCA and DFSA | 63.8/100 |
| 0.10 pipsadvertised | US$4.00per lot, round turn | US$20 | No account on fileDesk-based | 241 msdemo account | MT4, MT5, Proprietary | HYCM review | Visit HYCM |
| ACY Securities Entities licensed by ASIC and FSCA | 63/100 |
| from 0.00 pipsadvertised minimum | Not published | US$50 | No account on fileDesk-based | Not tested | MT4, MT5, Proprietary | ACY Securities review | Visit ACY Securities |
| Markets.com MT4, MT5 and its own platform | 62.6/100 |
| Not published | No Account | US$100 | No account on fileDesk-based | 150 msdemo account | MT4, MT5, TradingView, Proprietary | Markets.com review | Visit Markets.com |
| Interactive Brokers US$0 minimum deposit Accepts residents of the United States, Canada, Singapore and Malaysia (international entity) | 62.3/100 |
| Not published | US$4.00per lot, round turn | US$0 | No account on fileDesk-based | Not tested | Proprietary | Interactive Brokers review | Visit Interactive Brokers |
| XM US$5 minimum deposit | 60.5/100 |
| Not published | No Account | US$5 | US$20 by cardObserved October 30, 2026 | 148 msdemo account | MT4, MT5 | XM review | Visit XM |
| Saxo Markets Entities licensed by the FCA and MAS Accepts residents of Singapore and Malaysia (international entity) | 60.1/100 |
| Not published | No Account | US$0 | No account on fileDesk-based | Not tested | Proprietary | Saxo Markets review | Visit Saxo Markets |
| easyMarkets MT4, MT5 and TradingView | 58.9/100 |
| Not published | No Account | US$200 | No account on fileDesk-based | 155 msdemo account | MT4, MT5, TradingView, Proprietary | easyMarkets review | Visit easyMarkets |
| FxPro Entities licensed by CySEC and the FCA | 58.5/100 |
| 0.44 pipsadvertised | US$7.97per lot, round turn | US$100 | No account on fileDesk-based | 151 msdemo account | MT4, MT5, cTrader, TradingView, Proprietary | FxPro review | Visit FxPro |
| XTB Free funding options Accepts residents of Malaysia (international entity) | 57.3/100 |
| Not published | No Account | US$0 | No account on fileDesk-based | Not tested | Proprietary | XTB review | Visit XTB |
| Blueberry Markets MT4, MT5, cTrader, TradingView and Blueberry X (proprietary) | 57.1/100 |
| from 0.00 pipsadvertised minimum | US$7.00per lot, round turn | US$100 | US$20 by QR PhObserved October 16, 2026 | 88 msdemo account | MT4, MT5, cTrader, TradingView, Proprietary | Blueberry Markets review | Visit Blueberry Markets |
| eToro Social trading feature Accepts residents of Singapore and Malaysia (international entity) | 54.9/100 |
| Not published | No Account | US$50 | No account on fileDesk-based | Not tested | Proprietary | eToro review | Visit eToro |
| Purple Trading Agent execution with no dealing desk Accepts residents of Malaysia (international entity) | 54.5/100 |
| 0.30 pipsadvertised | US$10.00per lot, round turn | US$500 | No account on fileDesk-based | Not tested | MT4, MT5, cTrader, TradingView | Purple Trading review | Visit Purple Trading |
| Trading.com US entity registered with the CFTC and NFA Accepts residents of the United States | 53.5/100 |
| Not published | Not published | US$50 | No account on fileDesk-based | 114 msdemo account | MT5 | Trading.com review | Visit Trading.com |
| Charles Schwab (thinkorswim) Registered with the CFTC and NFA Accepts residents of the United States | 51.2/100 |
| Not published | Not published | US$0 | No account on fileDesk-based | Not tested | Proprietary | Charles Schwab (thinkorswim) review | Visit Charles Schwab (thinkorswim) |
| Accendo Markets Has spread betting | 51/100 |
| Not published | Not published | US$0 | No account on fileDesk-based | Not tested | Proprietary | Accendo Markets review | Visit Accendo Markets |
| Global Prime Raw: US$3.50 per side commission | 50.9/100 |
| 0.10 pipsadvertised | US$7.00per lot, round turn | US$0 | No account on fileDesk-based | 88 msdemo account | MT4, MT5 | Global Prime review | Visit Global Prime |
| ATC Brokers Entities licensed by the FCA and CIMA Accepts residents of Malaysia (international entity) | 43.7/100 |
| Not published | US$6.00per lot, round turn | US$2000 | No account on fileDesk-based | 238 msdemo account | MT4, MT5, Proprietary | ATC Brokers review | Visit ATC Brokers |
| Mitrade Entities licensed by ASIC and CySEC | 43.5/100 |
| Not published | Not published | Not published | No account on fileDesk-based | Not tested | TradingView, Proprietary | Mitrade review | Visit Mitrade |
| Trading 212 No commission CFD trading | 36.3/100 |
| Not published | No | US$10 | No account on fileDesk-based | Not tested | Proprietary | Trading 212 review | Visit Trading 212 |
Show the remaining 39 brokers
Every broker in this table is already on this page; this opens the rows below the first 10.
Every EUR/USD spread in this table is the figure the broker itself publishes for its raw (commission) account, so each cell reads "advertised", and where a broker publishes only a minimum, the cell reads "advertised minimum" and we leave that broker out when you sort by spread, because a minimum is not an average. Where no raw spread is published, the cell reads "Not published". Because each broker measures its own figure over its own period and method, two advertised spreads are not a like-for-like comparison, and none of them are our measurements. Where a broker's minimum deposit differs by account, the deposit cell names the account the figure belongs to, for example "US$0 (Standard and Edge)". The limit order fill column is carried over from global testing, and a broker not on that test reads "Not tested".
With no preferences set, all 49 rated brokers qualify. Pepperstone leads because it carries the highest rating we publish (93.5 out of 100).
The line under each broker's name lists which of the United States, Canada, Singapore, Malaysia, and New Zealand it accepts residents of. "(international entity)" marks the market where your account would sit with the broker's international entity rather than a locally regulated one. A broker with no market listed has no acceptance confirmed, which is not the same as a refusal.
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 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.
Forex Broker Accounts We Opened And Funded
Pricing on this page comes from a desk-based comparison of published figures only. Loyal's account-opening and funding checks in the Philippines ran from October to November 2026 and covered sign-up and card funding, not execution, spreads, commission or withdrawals, and they do not prove ECN routing. The full comparison is not drawn from that testing.
- Observed Recorded outcome
- Pending Awaiting bank receipt at the last check
- Demo accounts Measured on unfunded demo accounts
- No test on file Not recorded
| Check | Global accounts14 brokers, international entities, opened from the Philippines | US accounts7 firms registered with the CFTC and NFA, recorded separately |
|---|---|---|
| Live account opened | Observed14 accountsSigned up October 14, 2026 to October 22, 2026 | Observed7 accounts |
| Deposit made | Observed14 of 14 fundedUS$7.76 to US$100, October 16, 2026 to November 2, 2026 | Observed6 of 7 fundedNo funded forex account at Charles Schwab |
| Withdrawal back to the bank | No test on file | Observed Pending3 confirmed in the bank, 4 pendingLast checked November 5, 2026 |
| Spread measuredon the live account | No test on filePublished spreads only in the table above | No test on file |
| Order execution timed | Demo accounts36 brokersMetaTrader 4, two 30-hour periods, 2026 | No test on file |
| Where the records are | The 14 records belowand in each broker's review | All US account checksUS terms on the US pages only |
Our team opened seven US accounts between September 22, 2026 and October 13, 2026 and added withdrawal results on November 5, 2026. Three accounts have one complete cycle recorded, from the bank deposit to money arriving back in the bank, and four bank receipts are still pending.
Our 2026 execution test used Expert Advisors on MetaTrader 4 demo accounts, which were not funded accounts, at 36 brokers over two 30-hour periods, and measured the average time in milliseconds from placing a limit or market order to its execution, with network latency (ping) subtracted.
What Each Global Account Record Shows
| Broker | Signed up | Deposit we made | What the record shows |
|---|---|---|---|
| Pepperstone | October 20, 2026 | 2 x US$10 by cardOctober 30, 2026 | Loyal's Philippine Pepperstone Markets Limited signup, begun October 20, 2026 after a mobile number snag, verified in about a minute. Two US$10 card deposits on October 30 built a US$20 MT5 balance with a US$0 fee. Pepperstone account opening and funding details |
| IC Markets | October 20, 2026 | US$20 by cardOctober 30, 2026 | Loyal's Philippine IC Markets signup was verified on October 20, 2026, straight after a passport and liveness check, with two-factor required before trading. Her US$20 card deposit on October 30 reached MT5 about three to four minutes after she opened the form. IC Markets account opening and funding details |
| OANDA | October 20, 2026 | US$50 by cardOctober 30, 2026 | Loyal's Philippine OANDA Global Markets Limited application, filed October 20, 2026, created a live account about a day later. Her US$50 card deposit on October 30 needed a manual landing-account transfer, with both approvals less than two minutes apart. OANDA account opening and funding details |
| Fusion Markets | October 19, 2026 | US$20 by cardOctober 30, 2026 | Loyal's Philippine Fusion Markets signup was approved on October 19, 2026, on a passport and utility bill, with the contracting entity not confirmed by the record. Her US$20 card deposit on October 30 moved from pending to a US$20 MT5 balance within minutes. Fusion Markets account opening and funding details |
| BlackBull Markets | October 14, 2026 | US$50 by cardOctober 30, 2026 | Loyal signed up from the Philippines, was approved on October 14, 2026, and deposited US$50 by card on October 30. Verification needed an ID plus a utility bill, and card deposits land in a wallet that you move funds from yourself. BlackBull Markets account opening and funding details |
| TabTrade | October 20, 2026 | US$20 by cardOctober 30, 2026 | Loyal's Philippine TabTrade signup on October 20, 2026 was verified the same day at 3:37 PM after a passport upload. Her US$20 card deposit on October 30 funded the Edge account to 20.00 in MT5, with the Standard account at 0. TabTrade account opening and funding details |
Show the other 8 account records
| Broker | Signed up | Deposit we made | What the record shows |
|---|---|---|---|
| FP Markets | October 19, 2026 | US$40 by cardOctober 30, 2026 | Loyal's Philippine FP Markets signup was approved on October 19, 2026, about eleven minutes after it began, on a passport alone. Her US$40 card deposit on October 30 cleared to MT5 within minutes once the SMS step finished. FP Markets account opening and funding details |
| Eightcap | October 14, 2026 | US$50 by QR PhOctober 16, 2026 | Loyal's Philippine account with Eightcap International Ltd was approved on October 15, 2026, within the stated day, though a conditionally approved banner lingered. Her US$50 QR Ph deposit showed in the portal within about three minutes, and desktop MT5 connected about eight minutes after payment. Eightcap account opening and funding details |
| Vantage | October 22, 2026 | US$51 by cardOctober 30, 2026 | Loyal's Philippine Vantage Global Limited signup on October 22, 2026 went from first click to a live account in about fifteen minutes. Her US$51 card deposit on October 30 succeeded within roughly ninety seconds. Vantage account opening and funding details |
| IG | October 21, 2026 | US$50 by cardOctober 30, 2026 | Loyal's Philippine IG application with IG International Limited was submitted on October 21, 2026, and active on October 28 after a knowledge test, phone verification, and utility bill. Her US$50 card deposit on October 30 reached MT5 about three minutes after submission. IG account opening and funding details |
| Forex.com | October 16, 2026 | US$100 by cardNovember 2, 2026 | Loyal's Philippine FOREX.com application, under GAIN Global Markets Inc., was approved the same day she applied, October 16, 2026, with no document upload. Her US$100 card deposit on November 2 was confirmed by email, the portal, and MT5. Forex.com account opening and funding details |
| FBS | October 16, 2026 | PHP 500 by QR PhOctober 30, 2026 | Loyal's Philippine FBS signup reached full verification in about five minutes on October 16, 2026, with no selfie or proof of address. Her PHP 500 QR Ph payment on October 30 was credited as US$7.76 within about three minutes. FBS account opening and funding details |
| XM | October 22, 2026 | US$20 by cardOctober 30, 2026 | Loyal's Philippine XM Global Limited signup on October 22, 2026 created a live account immediately, with profile verification completed on October 26. Her US$20 card deposit on October 30 arrived with a separate US$4 promotional credit, which is not cash. XM account opening and funding details |
| Blueberry Markets | October 14, 2026 | US$20 by QR PhOctober 16, 2026 | Loyal's Philippine signup took about two days to approve, with most of the wait on ID review. Her US$20 Local PHP deposit, paid by QR Ph on October 16, was approved within about three minutes and appeared in the portal about a minute after that, with the 20.00 USD balance also confirmed in MT5, though her record carries no exact MT5 timestamp. Blueberry Markets account opening and funding details |
Forex Broker Comparisons By Cost, Platform And Method
The comparisons below cover what a trade costs you, the platform you trade on, and the method behind our rating.
Ten brokers are ranked by the average raw-account EUR/USD spread each publishes, lowest first, with brokers that state how and when they measured coming first, and the commission and all-in cost per lot added. Lowest Spread Forex Brokers.
Our list ranks ten forex brokers by the raw-account commission each publishes, per side per standard lot in US dollars, which we read on September 27, 2026. Lowest Commission Forex Brokers.
Enter one trade and the calculator prices it at every broker, showing the spread cost, the commission, and the total, ranked cheapest first, from the brokers' published account terms. Broker Fee Comparison Calculator.
Capital.com is the editors' pick among ten MetaTrader 4 brokers for its spread-only pricing and its US$20 minimum deposit by standard payment methods. Best MT4 Brokers For 2026.
BlackBull Markets is the editors' pick among ten MetaTrader 5 brokers because its limit orders filled in 72 ms on average in our 2026 execution test of 36 brokers. Best MT5 Brokers For 2026.
Ten CFD (contract for difference) brokers are ordered by our global rating, every entry listing the entity a client trades with and the retail leverage limits each regulator sets. Best CFD Brokers.
The methodology sets out how each of the eight categories in our rating is scored. Our Methodology In 2026.
Broker Reviews With 2026 Execution Speed Tests
All four reviews below print their broker's average milliseconds from order to fill in our 2026 execution test, for limit orders and for market orders, and each carries a cost calculator that prices a trade from the broker's published pricing. I would open these first, because the quicker your orders fill, the less chance of slippage on your entry.
Pepperstone, the first row of the comparison table above, filled limit orders in 77 ms on average and market orders in 100 ms in our 2026 execution test. Pepperstone Review Of 2026.
In our 2026 execution test, IC Markets filled limit orders in 134 ms on average and market orders in 153 ms. IC Markets Review.
Fusion Markets filled market orders in 77 ms on average, the fastest market-order average of the 36 brokers in our 2026 execution test, and limit orders in 79 ms. Fusion Markets Review Of 2026.
BlackBull Markets filled limit orders in 72 ms on average in our 2026 execution test, the fastest limit-order average of the 36 brokers, and market orders in 90 ms. BlackBull Markets Review Of 2026.
How We Compare Forex Brokers
- Trading Costs2.5
- Trading Experience2
- Trust1.5
- Trading Platform1.5
- Customer Service1
- Range of Markets0.5
- Education0.5
- Funding0.5
Weight of each category, out of 10 weight points in total
CompareForexBrokers rates forex brokers out of 100 on eight weighted categories, with trading costs weighted most, and Pepperstone leads its comparison table at 93.5. Each category is scored 0 to 10 and weighted: Trading Costs 2.5, Trading Experience 2, Trust 1.5, Trading Platform 1.5, Customer Service 1, Range of Markets 0.5, Education 0.5, and Funding 0.5. When two brokers publish the same rating, the higher Trading Costs score ranks first, and the next weighted category decides any remaining tie. The number in the table is the same number on the broker's review page and in every list on this site.
Why should traders 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 bid and ask price for any currency pair. Our comparison table prints each broker's published raw-account EUR/USD spread with its basis written under it ("advertised", "advertised minimum", or "Myfxbook average" for Exness), and the column sorts.
The second fee is the commission, which applies to RAW/ECN accounts: a raw account charges it on top of a tighter spread, while a standard account builds its cost into a wider spread and charges no commission. Our comparison table prints each broker's published commission in US dollars per lot, round turn, and that column sorts as well. The commission rate also varies with 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 affect factors such as slippage. Our 2026 execution test timed limit orders and market orders at 36 brokers on MetaTrader 4 demo accounts, with the orders placed by Expert Advisors, over two 30-hour periods. The comparison table's "Limit order fill" column shows each tested broker's average limit-order time in milliseconds, and a broker outside the test reads "Not tested".
Trading Conditions
Brokers and often their regulators determine what can be traded and under what conditions. This includes leverage for retail traders: the maximum depends on the regulator that licenses the broker entity you open with and differs by country, with 30:1 on major pairs under the FCA, the ESMA rules (CySEC), and ASIC, 20:1 on every pair under MAS, and 50:1 on major pairs under the CFTC and NFA. Regulation rules can also determine what type of trading is available, for example, in the UK, only some brokers offer financial spread 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, ETFs 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.
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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.
Brokers We Review And Their Regulators
The regulators listed for each broker in our dataset are the licences held across that broker's group, because one brand usually runs several legal entities, each licensed by a different regulator. Which entity holds your account depends on where you live, and your account agreement names that entity.
PepperstoneSCB (The Bahamas), FCA (United Kingdom), ASIC, BaFin (Germany), CySEC, DFSA (Dubai), CMA (UAE), CMA (Kenya)
BlackBull MarketsFSA (Seychelles), FMA (New Zealand)
OANDAFSC-BVI, CIRO (Canada), ASIC, CFTC, NFA, FCA (United Kingdom), MAS, KNF, JFSA
CMC MarketsBMA (Bermuda), ASIC, FCA (United Kingdom), BaFin (Germany), CIRO (Canada), MAS, FMA (New Zealand)
IG GroupBMA (Bermuda), ASIC, FCA (United Kingdom), BaFin (Germany), NFA, CFTC, MAS, DFSA (Dubai), FMA (New Zealand), FINMA, JFSA
FOREX.comCIMA (Cayman Islands), ASIC, FCA (United Kingdom), CIRO (Canada), NFA, CFTC, CySEC, MAS
eToroFSA (Seychelles), ASIC, CySEC, FCA (United Kingdom), MAS, SEC, FINRA, ADGM FSRA, MFSA, GFSC, FinCEN
IC MarketsFSA (Seychelles), ASIC, CySEC, SCB, CMA (Kenya)
GO MarketsFSC Mauritius, ASIC, CySEC
Fusion MarketsFSA (Seychelles), VFSC, ASIC
Plus500ASIC, FCA (United Kingdom), CySEC, MAS, CIRO (Canada), CFTC, FMA (New Zealand), DFSA (Dubai), EFSA, JFSA, CMA, FSCA (South Africa), FSA (Seychelles), SCB, Bappebti (Indonesia)
ThinkMarketsFSA (Seychelles), ASIC, FCA (United Kingdom), CySEC, DFSA (Dubai), FSCA (South Africa), FSC (Mauritius), CIMA, JFSA, FMA (New Zealand)
Saxo MarketsFCA (United Kingdom), MAS, Danish FSA, FINMA, JFSA, CONSOB, Bank of Italy (Saxo SIM S.p.A.)
Compare Forex Brokers By Country
The Financial Markets Authority (FMA) is the regulator that licenses forex and CFD brokers in New Zealand as derivatives issuers. 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 of 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 the Monetary Authority of Singapore (MAS) placing restrictions on trading conditions and broker protections. We compared forex brokers on the best Forex Brokers in Singapore page.
In the USA the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) work together to regulate trading. Retail forex is available from firms registered with the CFTC and NFA, and retail customers can also open futures accounts through registered futures commission merchants (FCMs), which must be NFA members and, under CFTC rule 17 CFR 1.55, must give every customer other than an institutional customer the prescribed risk disclosure statement before opening a futures account. You can compare these firms on the Best Forex Brokers In USA page.
Observed 7 live US accounts opened US account checks
The Securities Commission Malaysia is the regulator in Malaysia, and forex brokers take Malaysian traders. We compared brokers that accept Malaysian residents through companies licensed outside Malaysia, naming the company holding your account.
If you trade from Australia, compareforexbrokers.com.au compares brokers licensed by the Australian Securities and Investments Commission (ASIC) for traders like you.
Traders in the United Kingdom can use compareforexbrokers.co.uk, which compares brokers authorised by the Financial Conduct Authority (FCA) for the UK market.
For readers in the United Arab Emirates, compareforexbrokers.ae compares brokers licensed by the Capital Market Authority (CMA), the Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre, or the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market.
If you trade from Thailand, brokersthai.com, our sister site written in Thai, reviews 42 brokers with real accounts, reports measured spreads and trading costs, and checks the licence of the entity named in the documents a broker shows Thai clients.
Founded By Traders In 2014
We were founded by traders for traders!
- Founders
- Justin Grossbard and Noam Korbl
- Company
- Compare Forex Brokers Pty Ltd
- ABN
- 49 909 258 897
- Head of Content
- David Levy
As seen on
These outlets have quoted or cited our research: coverage, not endorsement. The most recent piece we can date is from 2025.
What Traders Say About Us
“Finally a site that publishes average spreads by broker and updates it each month! Makes it so easy to compare fees and monitor changes to each providers pricing over time. Real time saver!”
Adrian ZalcmanTrader And Real Estate Mogul “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 The Risks Of Forex Trading
Trading Forex and CFDs with leverage poses significant risk of loss to your capital. Leverage multiplies both gains and losses, so you can lose money quickly when markets move against you. The maximum leverage you can use is set by the regulator that licensed the broker entity you open with, and it differs by market; some offshore entities advertise ratios as high as 500:1 or more. Before you deposit, check which entity and which regulator your account agreement names, because protections such as negative balance protection and compensation schemes differ by entity. A demo account lets you practise with virtual money before you trade real money.
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About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.