Top 10 Forex Brokers In The World 2022

By regulator and features here is the list of the largest forex brokers

  • Pepperstone Pepperstone – Best Global Forex Broker Overall
  • FP Markets FP Markets – Top ASIC Regulated Broker For Australia With MT4 Platform
  • avatrade logo AvaTrade – Good Broker Overseen By Central Bank Ireland
  • eToro eToro – Great Social Trading Worldwide With FSA (Seychelles)
  • interactive brokers logo Interactive Brokers – MAS (Singapore) Forex And Shares Broker
  • IG IG – Great DFSA (Dubai) Regulated Broker With Risk Management
  • tdameritrade logo TD Ameritrade – Best Forex Broker With CFTC For U.S Traders
  • CMC Markets CMC Markets – Good FCA Broker For Traders In United Kingdom
  • forex.com logo Forex.com – Top IIROC Regulated broker for Canadian Traders
  • think markets logo ThinkMarkets – Best FSCA South Africa Regulated Broker

Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
Our Rating
9.33
8.17
8.50
7.17
7.17
Smart Trader Tools
Fastest Limit Order Execution Speed
No Dealing Desk
Offers both CFD and Stock trading
CopyTrader functionality
for automated trading

Regulations and Licenses

Feature
Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CYSEC (Cyprus)
IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
EUR/USD Avg. Raw Spread
0.17
0.20
0.02
-
-
GBP/USD Avg. Raw Spread
0.59
0.70
0.23
-
-
AUD/USD Avg. Raw Spread
0.24
0.40
0.17
-
-
EUR/USD Standard Spread
0.77
1.30
0.62
0.73
3.00
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
$3.00
$3.50
-
-
Minimum Deposit
$0
$100
$0
$0
$200
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
15+
6+
11+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
Currency Pairs
62+
63+
61+
338+
49+
Cryptocurrency CFDs*
12+
4+
18+
19+
46+
Index CFDs
14+
14+
16+
46+
13+
Share CFDs
300+
12,986+
100+
9,000+
2000+
Commodities CFD
9+
7+
26+
124+
33+
Stockbroking
-
9,000+
2000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
500:1
400:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
-
500:1
400:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
500:1
400:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
-
Retail Max. Leverage (Canada)
-
-
Major Pairs: 52:1
Minor Pairs 16:1
-
Retail Max. Leverage (Singapore)
-
-
Major Pairs 20:1
Minor Pairs 10:1
-
Pro. Max. Leverage (Kenya)
-
-
-
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
Major Pairs 30:1
Minor Pairs 20:1
400:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
FP Markets
IC Markets
CMC Markets
eToro
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.70 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1