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 57 brokers by that rating. Sort or filter the table, and check which regulator's entity would hold your account before you open one.
57 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: September 28, 2026.
| Broker | Regulators | Platforms | Review | Visit broker | |||||
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone Razor: EUR/USD 0.1 pips average (August 2026) Accepts residents of Malaysia (offshore entity) | 93.5/100 |
| 0.10 pipsadvertised | US$7.00per lot, round turn | US$0 | 77 ms | MT4, MT5, cTrader, TradingView | Pepperstone review | Visit Pepperstone |
| IC Markets Raw Spread: US$3.50 per side on MT4 Accepts residents of Malaysia (offshore entity) | 89/100 |
| 0.01 pipsadvertised | US$7.00per lot, round turn | US$200 | 134 ms | MT4, MT5, cTrader, TradingView | IC Markets review | Visit IC Markets |
| OANDA GSLO guarantee (with OANDA Trade) Accepts residents of the United States, Canada, Singapore and Malaysia (offshore entity) | 88.3/100 |
| from 0.10 pipsadvertised minimum | US$7.00per lot, round turn | US$0 | 86 ms | MT4, TradingView, Proprietary | OANDA review | Visit OANDA |
| Fusion Markets Zero account: US$2.25 per side commission Accepts residents of Canada (offshore entity) and Malaysia (offshore entity) | 85/100 |
| 0.03 pipsadvertised | US$4.50per lot, round turn | US$0 | 79 ms | 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 Malaysia (offshore entity) and New Zealand | 84.5/100 |
| from 0.00 pipsadvertised minimum | US$6.00per lot, round turn | US$0 | 72 ms | 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 (offshore entity) and Malaysia (offshore entity) | 81.5/100 |
| 0.03 pipsadvertised | US$7.00per lot, round turn | US$250 (Edge) | Not tested | MT5 (cTrader and TradingView announced) | TabTrade review | Visit TabTrade |
| MultiBank Group Regulated across five continents by 17+ authorities Accepts residents of Singapore | 80.3/100 |
| 0.10 pipsadvertised | US$6.00per lot, round turn | US$50 | Not tested | MT4, MT5, Proprietary | MultiBank Group review | Visit MultiBank Group |
| FP Markets MT4, MT5, cTrader and TradingView Accepts residents of Canada (offshore entity) and Malaysia (offshore entity) | 78.4/100 |
| 0.10 pipsadvertised | US$6.00per lot, round turn | US$100 | 225 ms | MT4, MT5, cTrader, TradingView | FP Markets review | Visit FP Markets |
| Eightcap Raw: US$3.50 per side commission Accepts residents of Canada (offshore entity) and Malaysia (offshore entity) | 77.5/100 |
| from 0.00 pipsadvertised minimum | US$7.00per lot, round turn | US$100 | 143 ms | MT4, MT5, TradingView | Eightcap review | Visit Eightcap |
| Capital.com Spread-only: EUR/USD 0.7 pips advertised | 74.8/100 |
| Not published | Not published | US$20 (standard methods) | 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 | 95 ms | MT4, TradingView, Proprietary | StoneX Trading review | Visit StoneX Trading |
| PU Prime Entities licensed by ASIC, FSCA and FSC Mauritius Accepts residents of Canada (offshore entity) | 74.3/100 |
| 0.20 pipsadvertised | Not published | Not published | Not tested | MT4, MT5, Proprietary | PU Prime review | Visit PU Prime |
| Fintrix Markets Zero account: US$7 round-turn commission Accepts residents of Canada (offshore entity) and Malaysia (offshore entity) | 73/100 |
| from 0.00 pipsadvertised minimum | Tiered or conditional, see the review | US$0 | 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$0 | 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$200 | 175 ms | MT4, MT5, TradingView, Proprietary | VantageFX review | Visit VantageFX |
| ThinkMarkets Raw: US$3.50 per side commission Accepts residents of Malaysia (offshore entity) and New Zealand | 70/100 |
| from 0.11 pipsadvertised minimum | US$7.00per lot, round turn | US$0 | 161 ms | 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$200 | 144 ms | MT4, MT5, cTrader, TradingView, Proprietary | GO Markets review | Visit GO Markets |
| FXCM Entities licensed by the FCA, ASIC and CySEC Accepts residents of Canada and Malaysia (offshore entity) | 68.6/100 |
| 0.30 pipsadvertised | US$8.00per lot, round turn | US$50 | 108 ms | MT4, TradingView, Proprietary | FXCM review | Visit FXCM |
| TMGM Raw: US$3.50 per side commission Accepts residents of Canada (offshore entity) | 68.3/100 |
| 0.20 pipsadvertised | US$7.00per lot, round turn | US$100 | 94 ms | 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$100 | 132 ms | MT4, MT5 | Admiral Markets review | Visit Admiral Markets |
| IG Group US$0 minimum deposit Accepts residents of Singapore, Malaysia (offshore entity) and New Zealand | 68.2/100 |
| 0.16 pipsadvertised | US$12.00per lot, round turn | US$0 | 174 ms | 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 (offshore entity) | 67.6/100 |
| 0.10 pipsadvertised | Tiered or conditional, see the review | US$100 | 98 ms | 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 | 135 ms | MT4, MT5, Proprietary | FBS review | Visit FBS |
| FXTM US$10 minimum deposit Accepts residents of Malaysia (offshore entity) | 65.4/100 |
| 0.10 pipsadvertised | US$8.00per lot, round turn | US$10 | 248 ms | MT4, MT5 | FXTM review | Visit FXTM |
| CMC Markets MT4, MT5 and TradingView Accepts residents of Canada, Singapore, Malaysia (offshore entity) and New Zealand | 64.6/100 |
| 0.50 pipsadvertised | $5.00 with FX Active on selected currency pairs | US$0 | 138 ms | 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$7.00per lot, round turn | US$0 | 90 ms | MT4 | Axi review | Visit Axi |
| AvaTrade No charge on funding Accepts residents of Canada and Malaysia (offshore entity) | 64.5/100 |
| Not published | No Account | US$100 | 235 ms | 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 | Not tested | MT4, MT5, Proprietary | RoboForex review | Visit RoboForex |
| Hantec Markets 4.3 out of 5 TrustPilot score | 64/100 |
| 0.10 pipsadvertised | Tiered or conditional, see the review | US$10 | Not tested | MT4 | Hantec Markets review | Visit Hantec Markets |
| HYCM Entities licensed by the FCA and DFSA | 63.8/100 |
| 0.10 pipsadvertised | US$8.00per lot, round turn | US$100 | 241 ms | MT4, MT5, Proprietary | HYCM review | Visit HYCM |
| ACY Securities Entities licensed by ASIC and FSCA | 63/100 |
| 0.10 pipsadvertised | Not published | US$50 | Not tested | MT4, MT5, Proprietary | ACY Securities review | Visit ACY Securities |
| Markets.com MT4, MT5 and its own platform Accepts residents of Malaysia (offshore entity) | 62.6/100 |
| Not published | No Account | US$100 | 150 ms | MT4, MT5, Proprietary | Markets.com review | Visit Markets.com |
| Interactive Brokers US$0 minimum deposit Accepts residents of the United States, Canada and Singapore | 62.3/100 |
| Not published | US$4.00per lot, round turn | US$0 | Not tested | Proprietary | Interactive Brokers review | Visit Interactive Brokers |
| Hankotrade US$10 minimum deposit | 62/100 | No regulator named | Not published | ECN: $4.00 ECN PLUS: $2.00 | US$10 | Not tested | Proprietary | Hankotrade review | Visit Hankotrade |
| Octa No swap fees on any trading account Accepts residents of Malaysia (offshore entity) | 61.1/100 |
| 0.90 pipsadvertised | US$7.00per lot, round turn | US$25 | 81 ms | MT4, MT5, Proprietary | Octa review | Visit Octa |
| XM US$5 minimum deposit | 60.5/100 |
| 0.20 pipsadvertised | US$7.00per lot, round turn | US$5 | 148 ms | MT4, MT5 | XM review | Visit XM |
| Saxo Markets Entities licensed by the FCA and MAS Accepts residents of Singapore | 60.1/100 |
| Not published | No Account | US$0 | Not tested | Proprietary | Saxo Markets review | Visit Saxo Markets |
| easyMarkets MT4, MT5 and TradingView Accepts residents of Malaysia (offshore entity) | 58.9/100 |
| Not published | No Account | US$200 | 155 ms | MT4, MT5, TradingView, Proprietary | easyMarkets review | Visit easyMarkets |
| Plus500 Licensed in 15+ jurisdictions Accepts residents of Canada, Singapore and New Zealand | 58.8/100 |
| Not published | No Account | US$100 | Not tested | Proprietary | Plus500 review | Visit Plus500 |
| HFM Raw: US$3.00 per side commission | 58.5/100 |
| from 0.00 pipsadvertised minimum | US$6.00per lot, round turn | US$0 | Not tested | MT4, MT5, Proprietary | HFM review | Visit HFM |
| FxPro Entities licensed by CySEC and the FCA Accepts residents of Malaysia (offshore entity) | 58.5/100 |
| 0.44 pipsadvertised | US$7.97per lot, round turn | US$100 | 151 ms | MT4, MT5, cTrader, TradingView, Proprietary | FxPro review | Visit FxPro |
| XTB Free funding options Accepts residents of Malaysia (offshore entity) | 57.3/100 |
| 0.90 pipsadvertised | US$8.00per lot, round turn | US$0 | Not tested | Proprietary | XTB review | Visit XTB |
| Blueberry Markets MT4, MT5, cTrader, TradingView and Blueberry X (proprietary) | 57.1/100 |
| 0.10 pipsadvertised | US$7.00per lot, round turn | US$100 | 88 ms | MT4, MT5, cTrader, TradingView, Proprietary | Blueberry Markets review | Visit Blueberry Markets |
| Ox Securities US$0 minimum deposit | 55.4/100 |
| Not published | US$7.00per lot, round turn | US$0 | Not tested | Proprietary | Ox Securities review | Visit Ox Securities |
| eToro Social trading feature Accepts residents of Singapore and Malaysia (offshore entity) | 54.9/100 |
| Not published | No Account | US$50 | Not tested | Proprietary | eToro review | Visit eToro |
| Purple Trading ECN/STP trading environment | 54.5/100 |
| 0.60 pipsadvertised | Tiered or conditional, see the review | US$100 | 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 | 114 ms | 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 | Not tested | Proprietary | Charles Schwab (thinkorswim) review | Visit Charles Schwab (thinkorswim) |
| Accendo Markets Has spread betting | 51/100 |
| Not published | Not published | US$0 | 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 | 88 ms | MT4, MT5 | Global Prime review | Visit Global Prime |
| Tradersway MT4, MT5 and cTrader | 49.3/100 | No regulator named | 0.50 pipsadvertised | US$6.00per lot, round turn | US$0 | 198 ms | MT4, MT5, cTrader | Tradersway review | Visit Tradersway |
| Fondex Trades on cTrader | 48.5/100 |
| Not published | No Account | US$0 | Not tested | cTrader | Fondex review | No link |
| ATC Brokers Entities licensed by the FCA and CIMA | 43.7/100 |
| 0.30 pipsadvertised | US$6.00per lot, round turn | US$2000 | 238 ms | MT4, Proprietary | ATC Brokers review | Visit ATC Brokers |
| Mitrade Entities licensed by ASIC and CySEC | 43.5/100 |
| Not published | Not published | Not published | Not tested | TradingView, Proprietary | Mitrade review | Visit Mitrade |
| KOT4X US$25 minimum deposit | 41.3/100 | No regulator named | Not published | US$7.00per 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 published | US$10.00per 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 |
| Not published | No | US$10 | Not tested | Proprietary | Trading 212 review | Visit Trading 212 |
Show the remaining 47 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$250 (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 57 rated brokers qualify. Pepperstone leads because it carries the highest rating we publish (93.5 out of 100).
The table above lists, under each broker's name, which of the United States, Canada, Singapore, Malaysia, and New Zealand it accepts residents of. "(offshore entity)" appears where the account would sit with an offshore entity, and a row with nothing listed has no acceptance confirmed.
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 Comparisons By Cost, Platform And Rating 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 on the average raw-account EUR/USD spread each one publishes, with the commission and the 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.
Reviews That Print Our 2026 Execution Test Results
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.
Best Forex Brokers Of 2026: Our Video
Our Forex Brokers Comparison Methodology
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 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 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.
- 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.
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.
PepperstoneFCA (United Kingdom), ASIC, BaFin (Germany), CySEC, DFSA (Dubai), CMA (UAE), CMA (Kenya), SCB
BlackBull MarketsFMA (New Zealand), FSA (Seychelles)
OANDACIRO (Canada), ASIC, CFTC, NFA, FCA (United Kingdom), MAS, JFSA, KNF, FSC-BVI
CMC MarketsASIC, FCA (United Kingdom), BaFin (Germany), CIRO (Canada), MAS, FMA (New Zealand), BMA
IG GroupASIC, FCA (United Kingdom), BaFin (Germany), NFA, CFTC, MAS, FINMA, FMA (New Zealand), JFSA, DFSA (Dubai), BMA, FSCA (South Africa)
FOREX.comASIC, FCA (United Kingdom), CIRO (Canada), NFA, CFTC, CySEC, MAS, JFSA, CIMA
eToroASIC, CySEC, FCA (United Kingdom), MAS, MFSA, ADGM, GFSC, FSA (Seychelles)
IC MarketsASIC, CySEC, FSA, SCB, CMA
GO MarketsASIC, CySEC, FSC-M
Fusion MarketsASIC, VFSC, FSA (Seychelles)
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)
ThinkMarketsASIC, FCA (United Kingdom), CySEC, JFSA, DFSA (Dubai), FMA (New Zealand), FSCA (South Africa), CIMA, FSA (Seychelles), FSC-M
Saxo MarketsFCA (United Kingdom), MAS, Danish FSA, FINMA, JFSA, DFSA (UAE branch permission), CONSOB
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.
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 nearby regions.
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.
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Max AdlerNewbie Trader Understanding 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.