Most Trusted Forex Brokers

These brokers have strong reputations and can be trusted as they are multi-regulated across the world:

  • Pepperstone Pepperstone - Best Multi-Regulated Forex Broker Overall
  • IC Markets IC Markets - Top Choice of Trusted Trading Platforms
  • fusion markets logo Fusion Markets - Offers the Lowest Commissions Fees
  • IG IG - One of the Largest Forex Brokers
  • FP Markets FP Markets - Transparent Pricing with Low Spreads and Fees
  • eToro eToro - Most Trusted Social Trading Platform with a Large Community
  • XTB XTB - Award-Winning CFD Broker and Product Range

Pepperstone
IC Markets
Fusion Markets
FP Markets
Our Rating
9.33
8.50
8.17
8
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
Lowest Commissions
The vast majority of retail investor accounts lose money when trading CFDs.

Regulations and Licenses

Feature
Pepperstone
IC Markets
Fusion Markets
FP Markets
ASIC (Australia)
FCA (UK)
CYSEC (Cypus)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)
VFSA (Vanuatu)

Brokerage

Feature
Pepperstone
IC Markets
Fusion Markets
FP Markets
EUR/USD Avg. Raw Spread
0.17
0.02
0.02
0.20
GBP/USD Avg. Raw Spread
0.59
0.23
0.09
0.40
AUD/USD Avg. Raw Spread
0.24
0.17
0.50
0.30
EUR/USD Standard Spread
0.75
0.62
-
1.30
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
$3.50
$2.25
$3.00
Minimum Deposit
$0
$0
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
12+
10+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Fusion Markets
FP Markets
Currency Pairs
62+
61+
90+
63+
Cryptocurrency CFDs*
12+
18+
8+
4+
Index CFDs
14+
16+
10+
14+
Share CFDs
300+
100+
-
12,986+
Commodities CFD
9+
26+
16+
7+
Stockbroking
-
-
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
Pro. Max Leverage (Australia)
500:1
500:1
500:1
500:1
Retail Max. Leverage (The United Kingdom)
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
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
Pro. Max. Leverage (Europe)
500:1
500:1
-
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Fusion Markets
FP Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
ECN pricing
Industry low commission fees
Fastest Limit Order Execution Speed

Overall

Pepperstone
IC Markets
Fusion Markets
FP Markets