Best Forex Trading Platforms

56 forex and CFD brokers compared across every market this site covers on the published rating out of 100, 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: 2026-08-19.

Forex brokers compared, ordered by our published rating

Broker	Rating	Regulators	EUR/USD raw spread	Commission	Min deposit	Execution	Platforms	Review	Visit
Pepperstone Lowest Spread - Standard Account	98/100	FCA, ASIC, BaFIN, CySEC, DFSA, CMA (UAE), CMA, SCB	0.19 pips	US$7.00 per lot round turn	US$0	77 ms	MT4, MT5, cTrader, TradingView	Pepperstone review	Visit Pepperstone
BlackBull Markets Fastest execution speed of the 36 brokers we tested	94/100	FMA, FSA-S	0.46 pips	US$6.00 per lot round turn	US$0	72 ms	MT4, MT5, cTrader, TradingView, Proprietary	BlackBull Markets review	Visit BlackBull Markets
OANDA GSLO guarantee (with OANDA Trade)	92/100	CIRO, ASIC, CFTC, NFA, FCA, MAS, JFSA, KNF, FSC-BVI	0.20 pips	US$7.00 per lot round turn	US$0	86 ms	MT4, TradingView, Proprietary	OANDA review	Visit OANDA
Eightcap Low fees	91.8/100	ASIC, FCA, CySEC, SCB, FSA-S, FSC-M	0.20 pips	US$7.00 per lot round turn	US$100	143 ms	MT4, MT5, TradingView	Eightcap review	Visit Eightcap
IC Markets Lowest standard account spreads	89/100	ASIC, CySEC, FSA, SCB, CMA	0.19 pips	US$7.00 per lot round turn	US$200	134 ms	MT4, MT5, cTrader, TradingView	IC Markets review	Visit IC Markets
Fusion Markets Tight spreads	85/100	ASIC, VFSC, FSA-S	0.16 pips	US$4.50 per lot round turn	US$0	79 ms	MT4, MT5, cTrader, TradingView	Fusion Markets review	Visit Fusion Markets
Capital.com Competitive Spreads & 0% Commission	82/100	ASIC, FCA, CySEC, CMA, SCB	Not tested	Not published	Not published	Not tested	Not published	Capital.com review	Visit Capital.com
TabTrade Zero average spreads on majors	81/100	FSC Mauritius (sibling entity)	0.03 pips	Not published	Not published	Not tested	MT5, cTrader, TradingView	TabTrade review	Visit TabTrade
MultiBank Group Regulated across five continents by 17+ authorities	80.3/100	ASIC, BaFin, MAS, CySEC, FMA, CMA, FSC-BVI, VFSC, CIMA, FSC-M, FSA-S, VARA, TFG, FIU	0.10 pips	US$6.00 per lot round turn	US$50	Not tested	Not published	MultiBank Group review	Visit MultiBank Group
Exness Unlimited leverage available	80/100	FCA, CySEC (institutional clients only), FSCA, CMA, JSC, FSC-BZ, FSA-S, FSC-M, FSC-BVI, CBCS	0.00 pips	US$7.00 per lot round turn	US$200	92 ms	MT4, MT5, Proprietary	Exness review	Visit Exness
FP Markets Great variety of trading tools and platforms	78.4/100	ASIC, CySEC, FSA-S, FSC-M, FSCA, CMA	0.20 pips	US$6.00 per lot round turn	US$100	225 ms	MT4, MT5, cTrader, TradingView	FP Markets review	Visit FP Markets
Tickmill Relatively low fees	75.8/100	FCA, CySEC, FSCA (South Africa), FSA (Seychelles), Labuan FSA (Malaysia)	0.15 pips	US$6.00 per lot round turn	US$100	91 ms	MT4, MT5, TradingView, Proprietary	Tickmill review	Visit Tickmill
City Index Easy account opening	74.7/100	FCA (UK)	0.22 pips	US$5.00 per lot round turn	US$0	95 ms	MT4, TradingView, Proprietary	City Index review	Visit City Index
PU Prime Four strong regulators	74.3/100	ASIC, CMA, FSA-S, FSC-M, FSCA	0.20 pips	Not published	Not published	Not tested	Not published	PU Prime review	Visit PU Prime
Trade Nation Low fixed spreads	71.5/100	ASIC, FCA, SCB, FSA-S, FSCA	Not tested	Not published	US$0	Not tested	MT4, TradingView, Proprietary	Trade Nation review	Visit Trade Nation
VantageFX Good selection of charting platform options	71/100	ASIC, FCA, FSCA, CIMA, VFSC	0.18 pips	US$5.00 per lot round turn	US$200	175 ms	MT4, MT5, TradingView, Proprietary	VantageFX review	Visit VantageFX
ThinkMarkets Low spreads	70/100	ASIC, FCA, CySEC, JFSA, DFSA, FSCA, CIMA, FSA-S, FSC-M	0.22 pips	US$7.00 per lot round turn	US$0	161 ms	MT4, MT5, TradingView, Proprietary	ThinkMarkets review	Visit ThinkMarkets
GO Markets Tight spreads from 0.0 pips	68.8/100	ASIC, CySEC, FSC-M	0.38 pips	US$5.00 per lot round turn	US$200	144 ms	MT4, MT5, cTrader, TradingView, Proprietary	GO Markets review	Visit GO Markets
FXCM Trusted and safe broker	68.6/100	ASIC, FCA, CySEC, CIRO, BaFin, ISA, FSCA	0.30 pips	US$8.00 per lot round turn	US$50	108 ms	MT4, TradingView, Proprietary	FXCM review	Visit FXCM
TMGM Low fees	68.3/100	ASIC, VFSC, FSC-M, FSA-S	0.15 pips	US$7.00 per lot round turn	US$100	94 ms	MT4, MT5, Proprietary	TMGM review	Visit TMGM
Admiral Markets Easy account opening	68.2/100	FCA, CySEC, EFSRA, FSCA, CMA, JSC, FSA-S	0.21 pips	US$6.00 per lot round turn	US$100	132 ms	MT4, MT5	Admiral Markets review	Visit Admiral Markets
IG Group Vast funding options	68.2/100	ASIC, FCA, BaFin, NFA, CFTC, MAS, FINMA, FMA, JFSA, DFSA, BMA, FSCA	0.16 pips	US$12.00 per lot round turn	US$0	174 ms	MT4, MT5, TradingView, Proprietary	IG Group review	Visit IG Group
FOREX.com Great range of currency pairs	67.6/100	ASIC, FCA, CIRO, NFA, CFTC, CySEC, MAS, JFSA, CIMA	0.10 pips	Tiered or conditional, see the review	US$100	98 ms	MT4, MT5, TradingView, Proprietary	FOREX.com review	Visit FOREX.com
FBS Competitive spreads	66.3/100	ASIC, CySEC, FSC-BZ	0.00 pips	Not published	US$5	135 ms	MT4, MT5, Proprietary	FBS review	Visit FBS
FXTM Wide range of account types	65.4/100	FCA (United Kingdom), FSCA, FSC-M, CMA	0.10 pips	US$8.00 per lot round turn	US$10	248 ms	MT4, MT5	FXTM review	Visit FXTM
CMC Markets Satisfactory trading platforms	64.6/100	ASIC, FCA, BaFin, CIRO, MAS, FMA, BMA	0.44 pips	$5.00 with FX Active on selected currency pairs	US$0	138 ms	MT4, MT5, TradingView, Proprietary	CMC Markets review	Visit CMC Markets
AvaTrade No charge on funding	64.5/100	ASIC, CIRO, CySEC, ADGM, ISA, JFSA, CBI, KNF, FSCA, FSC-BVI, SFC	Not tested	No Account	US$100	235 ms	MT4, MT5, Proprietary	AvaTrade review	Visit AvaTrade
Axi No minimum deposit	64.5/100	FCA, ASIC, CySEC, FMA, DFSA	0.43 pips	US$7.00 per lot round turn	US$0	90 ms	MT4	Axi review	Visit Axi
RoboForex High Leverage	64.4/100	FSC-BZ	0.10 pips	US$4.00 per lot round turn	US$10	Not tested	MT4, MT5, Proprietary	RoboForex review	Visit RoboForex
HYCM Tight spreads	63.8/100	FCA (United Kingdom), DFSA (UAE)	0.10 pips	US$8.00 per lot round turn	US$100	241 ms	MT4, MT5, Proprietary	HYCM review	Visit HYCM
ACY Securities Competitive Execution Speed	63/100	ASIC, FSCA	0.10 pips	Not published	US$50	Not tested	MT4, MT5, Proprietary	ACY Securities review	Visit ACY Securities
Markets.com Excellent research and education tools	62.6/100	CySEC, FSCA (South Africa only)	Not tested	No Account	US$100	150 ms	MT4, MT5, Proprietary	Markets.com review	Visit Markets.com
Interactive Brokers Largest range of financial products including CFDs and stockbroking	62.3/100	ASIC, FCA, MAS, CIRO, NFA, CFTC, SEC, FINRA, CBI, SFC, JFSA, SEBI	Not tested	US$4.00 per lot round turn	US$0	Not tested	Proprietary	Interactive Brokers review	Visit Interactive Brokers
Hankotrade Tight spreads	62/100	No regulator named	Not tested	ECN: $4.00 ECN PLUS: $2.00	US$10	Not tested	Proprietary	Hankotrade review	Visit Hankotrade
Octa No swap fees on any trading account	61.1/100	CySEC, FSC-M, MISA, FSCA	0.90 pips	US$7.00 per lot round turn	US$25	81 ms	MT4, MT5, Proprietary	Octa review	Visit Octa
XM Low fees	60.5/100	CySEC, DFSA, FSCA, FSC-BZ, FSC-M	0.20 pips	US$7.00 per lot round turn	US$5	148 ms	MT4, MT5	XM review	Visit XM
Saxo Markets Range Of Markets	60.1/100	FCA, MAS, Danish FSA, FINMA, JFSA, DFSA (UAE branch permission), CONSOB	Not tested	No Account	US$0	Not tested	Proprietary	Saxo Markets review	Visit Saxo Markets
easyMarkets Wide product range	58.9/100	ASIC, CySEC, FSC-BVI, FSA-S, FSCA	Not tested	No Account	US$200	155 ms	MT4, MT5, TradingView, Proprietary	easyMarkets review	Visit easyMarkets
Plus500 Licensed in 15+ jurisdictions	58.8/100	ASIC, FCA, CySEC, MAS, CIRO, CFTC, FMA, DFSA, EFSA, JFSA, CMA, FSCA, FSA-S, SCB, Bappebti	Not tested	No Account	US$100	Not tested	Proprietary	Plus500 review	Visit Plus500
FxPro Strong regulation	58.5/100	CySEC, FCA, SCB, FSC-M, FSA-S	0.44 pips	US$7.00 per lot round turn	US$100	151 ms	MT4, MT5, cTrader, TradingView, Proprietary	FxPro review	Visit FxPro
HFM Tight spreads for the major currency pairs	58.5/100	CySEC, FCA, DFSA, FSCA, CMA, FSA-S	0.00 pips	US$6.00 per lot round turn	US$0	Not tested	MT4, MT5, Proprietary	HFM review	Visit HFM
Blueberry Markets MT4, MT5, cTrader, TradingView and Blueberry X (proprietary)	58.2/100	ASIC, VFSC, FSC-M	0.27 pips	US$7.00 per lot round turn	US$100	88 ms	MT4, MT5, cTrader, TradingView, Proprietary	Blueberry Markets review	Visit Blueberry Markets
XTB Free funding options	57.3/100	FCA, CySEC, DFSA, KNF, CNMV, FSC-BZ, CMF, BAPPEBTI, OJK	0.90 pips	US$8.00 per lot round turn	US$0	Not tested	Proprietary	XTB review	Visit XTB
Ox Securities Wide range of trading products	55.4/100	SVGFSA (St. Vincent and the Grenadines)	Not tested	US$7.00 per lot round turn	US$0	Not tested	Proprietary	Ox Securities review	Visit Ox Securities
eToro Social trading feature	54.9/100	ASIC, CySEC, FCA, MAS, NFA, MFSA, ADGM, GFSC, FSA-S	Not tested	No Account	US$50	Not tested	Proprietary	eToro review	Visit eToro
Trading.com Regulated by A-Grade regulatory bodies	53.5/100	NFA, CFTC, CySEC, FCA, ASIC	Not tested	Not published	US$50	114 ms	MT5	Trading.com review	Visit Trading.com
Charles Schwab (thinkorswim) Low Trading Fees	51.2/100	CFTC, NFA, SEC, FINRA	Not tested	Not published	US$0	Not tested	Proprietary	Charles Schwab (thinkorswim) review	Visit Charles Schwab (thinkorswim)
Accendo Markets Has spread betting	51/100	FCA	Not tested	Not published	US$0	Not tested	Proprietary	Accendo Markets review	Visit Accendo Markets
Global Prime Low spreads	50.9/100	ASIC, VFSC	0.10 pips	US$7.00 per lot round turn	US$0	88 ms	MT4, MT5	Global Prime review	Visit Global Prime
Tradersway Low spreads	49.3/100	No regulator named	0.50 pips	US$6.00 per lot round turn	US$0	198 ms	MT4, MT5, cTrader	Tradersway review	Visit Tradersway
Fondex Competitive spreads	48.5/100	BMA	Not tested	No Account	US$0	Not tested	cTrader	Fondex review	No link
ATC Brokers Tight spreads	43.7/100	FCA, CIMA	0.30 pips	US$6.00 per lot round turn	US$2000	238 ms	MT4, Proprietary	ATC Brokers review	Visit ATC Brokers
Mitrade Tier-1 regulation in key markets	43.5/100	ASIC, CySEC, CMA (UAE), CIMA, FSCA, FSC-M	Not tested	Not published	Not published	Not tested	TradingView, Proprietary	Mitrade review	Visit Mitrade
KOT4X Good range of markets	41.3/100	No regulator named	Not tested	US$7.00 per 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 tested	US$10.00 per 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	FCA, CySEC, ASIC, BaFin, FSC-BG	Not tested	No	US$10	Not tested	Proprietary	Trading 212 review	Visit Trading 212

Show the remaining 46 brokers

Every broker in this table is already on this page; this opens the rows below the first 10.

Spreads are the tested EUR/USD raw figure where our team has one and the broker's own published average otherwise. A broker with no figure reads "Not tested" rather than zero.

What is the best forex trading platform?

OANDA provides the best trading platform for most traders across our five covered markets, with its proprietary OANDA Trade featuring TradingView integration, sub-90ms execution speeds, and access to 68+ currency pairs under regulation in the United States, Canada, Singapore, Malaysia, and New Zealand. The most comprehensive trading solution for each market combines strong platform functionality, technical analysis tools, quality execution, and appropriate regulation.

Our favourite trading software in 2026:

Top 5 Rated Brokers Overall

• Pepperstone Review
• BlackBull Markets Review
• OANDA Review
• IC Markets Review
• Fusion Markets Review

Broker comparison table

1. The Best Trading Platforms Overall

OANDA has a trading platform for every trading type

A proprietary platform rather than a licensed one is the approach taken by the broker in the Mitrade Review 2026.

A wider comparison of the software itself, rather than the brokers offering it, is in Forex Trading Software In 2026.

Several of these platforms cost nothing to use beyond the spread, and those are collected in Free Forex Trading Platform.

OANDA offers 3 trading platforms to account for all trading styles. OANDA Trade is a good choice for you if you are after a simplified trading experience but also want extra charting and analysis functions like AutoChartist. MetaTrader 4 is excellent if you want to program custom indicators or Expert Advisors to automate your trading. Or you can use TradingView, a powerful charting package with over 110+ indicators for you to use.

The variety of trading platforms offered, paired with OANDA’s additional technical trading plugins to enhance the platforms, makes OANDA an easy choice for us to recommend.

Key Strengths:

• Low trading costs with tight spreads
• Trade 70 forex pairs
• Three trading platforms to choose from
• Advanced trading tools for better analytics and charting

Top Trading Platforms

Getting started with any of the following trading platforms is easy. We got access to them as soon as we opened a trading account with OANDA, which we did without funding the account.

OANDA offers a Free Premium Upgrade with MetaTrader 4 Platform

The MT4 platform is the best forex trading platform available for most forex traders. We think OANDA works best with the MetaTrader 4 platform thanks to its customizable features and OANDA’s premium MT4 plugin. For instance, my favourite tool available with OANDA is the Open Order Indicator for the MT4 platform.

We like this because it gives you aggregate open orders and position data on your MetaTrader 4 platform. Some brokers try to emulate this tool, but the reason why you should use it with this broker is that OANDA is one of the largest brokers in the world.

This means the open order data you see will more likely represent market sentiment. You can use this to see the likelihood of support and resistance levels developing and then choose how to trade based on the open-order data.

TradingView offers you the Most Extensive Choice of Technical Indicators for Free

If you are looking for more advanced features, OANDA integrates with TradingView. We find that one of the impressive qualities of TradingView is that it is built for the web yet packs in so many advanced features. For example, over 110+ technical indicators are available for free, and you can personalize your charts.

Some brokers’ platforms won’t even let you customize your charts. You should try the TradingView platform if you are a technical analysis enthusiast because you can also tap into TradingView’s community with 50 million other traders who share their charts.

OANDA Trade is the Simplest and Most Intuitive Trading Platform for Beginners

OANDA has its own proprietary trading platform, which you can access through its website or mobile app. What we liked about this platform is that it’s a very simple platform to work with and has all of the key functions available on one screen. This makes executing trades and finding trade ideas easy without any distractions.

The platform also has direct access to the AutoChartist software, which generates fx trading ideas based on price action. These are delivered directly on the platform in its own tab. You would choose the OANDA Trade platform if you want quicker access to the AutoChartist software. It’s one click away on the trading platform.

OANDA’s Standard Account has No Commission on Trades

The spreads for the Standard Account are relatively low as they can start from 0.6 pips spread on the EURUSD. So if you like to focus on the EURUSD, you’ll pay one of the lowest spreads on OANDA.

What we like with Standard Accounts is that you do not pay any commissions on your trades. Everything is priced into the spread, so looking at your PnL on your MetaTrader 4 platform shows your true profit or loss. This is helpful when deciding whether to cut your losses or take your profits.

The Standard Account comes with all the features you would need from a forex broker. However, OANDA does have a service that is available to high-volume traders, which is called the Elite Trader Program. You can join the Elite Trader Program if your monthly trading volume is $10M+. If you join the program, you can save up to 34% in trading costs through trading rebates.

OANDA has a Great Selection of Trading Products

If you like to focus on forex and commodities, then OANDA will be a great choice for you. There are 69 forex pairs and 37 total commodities available to trade with low spreads. You can even trade gold and silver with different currency pairs, e.g. you can trade XAU/CAD or XAU/JPY. You have a choice of 21 different gold and silver crosses. So if you like to look for correlated trading forex opportunities or hedge the markets, then OANDA can offer that to you.

Our Verdict on OANDA

When we used OANDA to test out the trading platforms available, we found that they excelled in delivering the fundamentals and improved the platforms with additional currency trading tools. With low spreads, a wide selection of currency pairs to trade forex from, and bespoke improvements to the MT4 platform make OANDA an ideal broker. That is why we confidently recommend OANDA as the best forex broker overall.

OANDA Review Visit OANDA

2. Best Broker for a Tailored Trading Experience

FP Markets empowers you to create your ideal trading environment with integrations

Key Strengths:

• Excellent selection of copy and social trading tools
• API key allows for a truly custom trading environment
• Competitive spreads
• Fast execution speeds

FP Markets Has Excellent Copy and Social Trading Resources

If you’re interested in copy and social trading, but not ready to commit to a specialist brokerage like eToro, FP Markets represents a happy medium. Trade with familiar platforms like MetaTrader 4 and MetaTrader 5 while also benefiting from third-party integrations designed to optimise your copy and social trading outcomes.

If you’re a copy trader, FP Markets allows you to mimic the decisions of experienced traders and market movers with Signal Start. Even better, you have the option to automate your copytrading with this integration. Note, however, that you’ll need to trade via the MetaTrader 4 or MetaTrader 5 platforms to take advantage.

Having said that, FP Markets’ own proprietary trading app for mobile includes social trading tools. Mimic the trading patterns of experienced and professional traders, or copy them directly, depending on your preference.

Connect Your FP Markets Account to Alternative Platforms

In the event that you can’t come up with a combination of tools and integrations to suit your needs, FP Markets allows you to connect your account to a third-party platform via its API. Alternatively, you can use FP Market’s API to integrate additional tools and resources into your MetaTrader setup.

If you’re exploring automated trading, you can’t underestimate the value of this feature. By allowing native integrations via an API, FP Markets empowers you to take full advantage of the universe of algorithmic trading robots. That is, you’re not limited solely to the bots available on the MetaQuotes marketplace.

FP Markets’ MetaTrader 5 Offering Includes Powerful Tools

Even if your trading needs don’t extend to features like multi-account management and VPS hosting, FP Markets provides extensive resources for the MetaTrader collection of platforms.

Use Autochartist market scanner tool to feed continuous analysis to your MT5 account, or take advantage of additional chart analytics, including consecutive candles, Fibonacci patterns and support and resistance levels.

FP Markets Offers Competitive Spreads

Whether you opt to trade via FP Markets’ Standard or RAW account, you’ll benefit from low spreads and competitive trading costs. While the minimum spread of the Standard account does sit on the higher end at 1.1 pips, it’s important to remember that a minimum spread is just that, the minimum possible in a given broker’s spread-only pricing model. Consistency matters as much, if not more, than the race to the bottom.

Think of it this way, what good is a posted minimum spread of 0.0 pips if the actual average is closer to 2.0? Wouldn’t you prefer a broker that stays consistently close to 1.0 or 1.1?

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026

A quick look at the actual average spreads for major currency pairs demonstrates why FP Markets makes good financial sense if you’re a trader on a budget. The average spread for the EUR/USD pair is 1.1 pips, identical to the posted minimum for the Standard account. Likewise, the EUR/GBP and USD/JPY pairs deviate by only 0.2 pips.

If, on the other hand, your trading strategy relies on those ultra tight spreads, you can opt for the RAW account, which goes as low as 0.0 pips. You will pay a commission of CAD 7.00 on every round-turn trade, however.

In either case, you’ll benefit from ECN-like pricing, which means access to deep liquidity. This broker also doesn’t require a minimum deposit or charge for withdrawals, which means your indirect trading costs stay low.

Finally, you’ll also benefit from extended leverage. An offshore broker, FP Markets allows traders in our covered markets to access margins up to the maximum permitted by the regulator of the entity you open an account with.

Our Verdict on FP Markets

If you’re looking to design a custom trading environment from the ground up, FP Markets offers a winning combination of tried and tested platforms and extensive integrations designed to support almost any trading strategy.

FP Markets Review Visit FP Markets

3. Top Forex Broker for TradingView

FOREX.com provides an Advanced Proprietary Platform and TradingView

TradingView is only available to a limited numbers of brokers worldwide. Of those, FOREX.com provides the lowest spreads with no commissions. You get TradingView’s excellent charting tools with low spreads. If you focus on technical analysis, you would benefit from using TradingView with FOREX.com.

Key Strengths:

• Provides access to multiple platforms
• Competitive spreads from 1.2 pips
• Huge range of markets to trade from

FOREX.com allows you to Trade with TradingView

We like TradingView’s intuitive interface and constant improvements that introduce new features for free. With a great range of drawing tools and over 110+ trading indicators available, it’s a great fit if you trade forex using technical analysis.

If you are an advanced technical analyst and you use chart patterns to find trading opportunities, then the advanced drawing tools would appeal to you. TradingView gives you access to 28 drawing tools that help you analyse prices. These tools plot various methods, from Fibonacci retracement to ABCD patterns. Ideal for helping you speed up your analysis with accuracy.

A forex market screener is a helpful tool to identify if a currency pair meets your trading criteria. For example, you can use it to find forex pairs based on candlestick patterns that have formed. Speeding up the process of finding trading ideas.

FOREX.com has Low Spreads on TradingView

FOREX.com has two accounts you can choose from. The standard account bundles all trading costs into low spreads from 1.2 pips on EURUSD with no commission. This clear pricing model is ideal for new forex traders.

The RAW Pricing account provides direct liquidity access and ECN-like execution with tighter spreads from 0.0 pips on EURUSD. However, it charges a commission, which is $14 per one-lot round turn.

Trade a wide range of currency pairs with FOREX.com

Forex.com specializes in CFD trading and offers over 3,000 trading products. The main market that stands out is its comprehensive currency market, with over 80+ currency pairs to trade. What sets them apart is that they have over 20+ exotic pairs, which allows you to trade with more volatility if you want to.

Our Verdict on FOREX.com

We recommend FOREX.com if you want to use advanced charting platforms like TradingView. With a range of indicators, advanced drawing tools, and a forex CFD screener to recognize patterns for you. TradingView, combined with the competitive spreads from FOREX.com, gives you everything you need to analyse the markets and trade effectively.

FOREX.com Review Visit FOREX.com

*Your capital is at risk up to ‘74% of retail CFD accounts lose money with FOREX.com’

4. A Great Forex Broker with Good Analysis Tools

Interactive Brokers has High-Quality Trading Analysis Tools with their Platform

Interactive Brokers’ proprietary platform offers institutional-grade tools covering all asset classes. They offer advanced research and analysis tools that can be overwhelming for beginners but excellent for experienced traders. You should choose this platform if you are an experienced forex trader who wants institutional-grade research and analysis tools that cover the breadth of the markets.

Key Strengths:

• The widest range of financial instruments available to the retail market
• Institutional-grade trading analysis tools
• Advanced order routing through their deep liquidity pools
• Spreads from 0.1 pips

Interactive Brokers offers a Wide Range of Professional-Grade Trading Platforms

Interactive Broker provides multiple trading platforms that include good analysis tools.

• Trader Workstation (TWS), IB’s flagship desktop platform with the most advanced tools and functionality.
• IBKR Mobile, IB’s mobile app allows traders to monitor markets and execute trades from their phones or tablets.
• WebTrader, Lighter weight version of the Workstation, focused more on executing trades and doing account admin.
• API solutions, If you are a developer, you can use the APIs to integrate your trading strategy with IB for automated trading.

You can analyze the markets with over 100 customizable technical indicators and pattern recognition tools. TWS also provides an excellent range of market scanners that allows you to find potential FX trading opportunities based on your criteria, a bit like TradingView’s scanner, but more advanced. Then, there is embedded news, data, and research from top-tier research houses like Morningstar and Zacks.

Our Verdict on Interactive Brokers

Interactive Brokers is our top choice if you are an experienced trader who wants a full-featured trading platform with flexible tools for all trading products. With the TWS platform, you can access professional-grade tools to help you capitalise on trading multiple markets.

Interactive Brokers Review Visit Interactive Brokers

5. The Top Forex Broker for Fastest Execution on MT4

TMGM Provides Execution Speeds Under 100ms in our Tests

With TMGM, you get fast execution speeds on the MetaTrader 4 platform through their ECN model. You should choose to trade the MT4 software if you are a scalper. The faster execution speeds help reduce slippage, meaning you get the price you execute for. However, this benefits all forex traders. That is why we recommend TMGM as the top broker for MT4.

Key Strengths:

• Fast execution and deep liquidity
• Spreads from 0.0 pips
• Choice of platforms
• Free third-party trading analysis tools

Top Trading Tools for the MetaTrader 4

You can customise your MT4 platform by adjusting the colours of the chart and by overlaying technical indicators to the charts. MetaTrader 4 is available on desktop, iOS/Android devices, and the web. However, the desktop has the most features.

We like MT4 because it is one of the few platforms that lets you overlay unlimited indicators on a single chart. Others, like TradingView, limit the indicators on a chart (to three on the free plan). This can restrict your trading if you use multiple indicators.

One-click trading forex from the chart is also good. You can pre-configure trade tickets with position size and execute with buy/sell buttons. It is much faster than manually creating tickets each time.

With unlimited indicators and one-click trading, MT4 is ideal for scalpers. You can apply all your indicators without limits and act fast on signals.

If you want more chart types and built-in indicators, TMGM also offers MT5.

TMGM has the Fastest Execution Speeds for a Broker Regulated by a Major Financial Authority

Our Chief Technology Researcher, Ross Collins, tested 20 brokers for their Execution Speeds on the MT4 platform. We found that TMGM was the fastest forex broker regulated by a major financial authority with an average execution speed of 94ms.

TMGM gets fast speeds on MT4 through Equinix data centers in New York and Tokyo. Some brokers only have one data centre, which could impact your execution time. They also partner with top-tier liquidity providers, so your orders are routed directly to them when you execute a trade.

A Choice of Low-Fee Trading Accounts

You have two account options connected to MetaTrader 4. The Classic account has spreads from one pip without commissions. Making it beginner-friendly since trading costs are built into the spreads you pay.

The Edge account spreads start from 0.0 pips but charges a CAD $9 round-turn commission per standard lot. This works out slightly cheaper, especially if you trade often.

Our Verdict on TMGM

We like that TMGM understands the importance of execution speeds, so they have provided access to two global Equinix data centres. Our testing reflected this, with TMGM being the fastest forex CFD broker regulated by a major financial authority. With a choice of low-cost trading accounts and trading platforms, you should choose this broker to enjoy these benefits if you are a scalper.

TMGM Review Visit TMGM

6. The Best Forex Broker for Technical Indicators

CMC Markets ‘Next Generation’ Platform has over 100 Technical Indicators

CMC Market is another broker with their own platform. The Next Generation platform is user-friendly and has many advanced features that you would benefit from. The Next Generation platform is an excellent choice if you use trading indicators because they have an extensive library of over 100+ technical indicators for you to use.

Key Strengths:

• Over 12,000 trading instruments and 330+ currency pairs
• Powerful charting platform with over 100+ technical indicators
• Tight spreads from 0.7 pips standard account
• Great online educational resources for beginners

Trading Platforms

CMC Markets provides you with all the tools needed for price action and chart pattern analysis. You can access over 110+ trading indicators and drawing tools to plot your analysis on the charts. The interface of the platform is clean and very easy to use.

One of the features we like is they offer a pattern recognition scanner. Unlike the other scanners, this one is more advanced in finding patterns ranging from chart formations to harmonic patterns. This searches for different chart patterns such as the head and shoulders, channels, and wedges every 15 minutes. If it finds potential emerging patterns, it will plot them automatically on your charts. As a day trader, this can make your job easier to find emerging patterns to trade.

Our Verdict on CMC Markets

CMC Market has over 110+ customizable technical studies and the most advanced pattern recognition scanners available for free. You can use these to analyze and identify patterns for trade setups quickly. In addition, the tight spreads from 0.7 pips and wide range of trading products make CMC our top choice foreign exchange broker for technical indicators.

CMC Markets Review Visit CMC Markets

7. A Great Forex Broker for Crypto Trading

Eightcap has Great Crypto Trading with MetaTrader 5

The Crypto markets can provide exciting opportunities for you, but they are unavailable to brokers regulated by strict financial authorities such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), the Canadian Investment Regulatory Organization (CIRO), the Monetary Authority of Singapore (MAS), Securities Commission Malaysia (SC), and the Financial Markets Authority (FMA). Eightcap, however, is not regulated by those bodies, and it is a broker that accepts Canadian traders, so you can use Eightcap to trade Cryptocurrencies. They provide over 141 cryptocurrencies on their MetaTrader 5 (MT5) platform. You should choose the MT5 platform if you want to trade the crypto markets.

Key Strengths:

• Great selection of trading instruments
• Access unique trading tools like CryptoCrusher
• Spreads from as low as 0.0pips on the RAW Account

Trade Over 80+ Cryptocurrencies on MetaTrader 5 with Eightcap

MetaTrader 5 is an excellent choice if you like to trade multiple assets. Compared to MetaTrader 4, MT5 can access different assets such as stocks and crypto. With Eightcap, you can take advantage of this by trading any of the 141+ cryptocurrencies available.

You may wonder why you would choose MT5 over MT4. While both allow chart customization, MT5 has some key improvements.

For example, MT5 now has activated real-data Depth of Market trading, which is ideal if you want to scalp the markets.

Eightcap has Low Trading Costs on MT5

You have a choice of two accounts on the MT5. The standard account bundles cost into the spreads starting from one-pip, but you do not pay a commission. Suitable for beginners seeking simplicity.

Then there is the RAW account with spreads from 0.0 pips and a CAD $7 commission per standard lot. This account is ideal for scalpers who want to enter the markets with the tightest spreads available on Eightcap.

Our Verdict on Eightcap

Eightcap offers an impressive range of over 141+ cryptocurrencies that you can use on the MetaTrader 5 platform. MT5 gives you greater market transparency and the tools to make your trading easier. For these reasons, we recommend Eightcap as an excellent broker to use MT5 with.

Eightcap Review Visit Eightcap

8. A Good Forex Broker with the Lowest Commissions for MetaTrader 4

Fusion Markets offers the Lowest Commissions on MetaTrader4

MetaTrader 4 is a popular trading platform, so we mentioned it multiple times because it pairs up nicely with two brokers. Fusion Markets is our lowest-cost forex broker that accepts traders from the United States, Canada, Singapore, Malaysia, and New Zealand. So, if you want a low-cost broker that pairs up with MetaTrader 4, Fusion Markets is worth a look.

Key Strengths:

• Low commission from just $6 for a one-lot round turn
• Straight Through Processing broker
• Provides access to copy trading tools

Fusion Markets is our Lowest-Commission Broker for MetaTrader 4

We tested 15 foreign exchange brokers worldwide to find the Lowest Commission Brokers based on a one-lot trade. Fusion Markets claimed first place out of the 15 brokers tested due to their low commissions. They offered competitive round-turn commission rates, significantly cheaper than some competitors. For instance, Friedberg Direct, powered by FXCM, charges a higher commission. So it ranked first not only among brokers in our covered regions, but also worldwide.

Fusion Markets offers copy trading services using the MetaTrader 4 platform through DupliTrade. By linking your Fusion MT4 account, you can automatically copy any trading strategy from DipliTrade’s traders. Fusion Markets is our top choice if you are looking for a broker that allows copy trading with the lowest commissions on MT4.

Our Verdict on Fusion Markets

Fusion Markets is our top broker for the lowest commissions after reviewing based on our tests, beating 15 other brokers. You can access copy trading features, which are ideal for traders who lack time to monitor the markets. You get a winning combo when you pair this with the lowest MT4 commissions.

View Fusion Markets Review Visit Fusion Markets

9. Top Forex Broker with Fixed Spreads in Canada

Friedberg Direct has the tightest Fixed Spreads on MetaTrader 4 in Canada

An alternative to Fusion Markets, if you don’t want to pay commission, is Friedberg Direct powered by AvaTrade. You can use the MetaTrader 4 platform with fixed spreads and no commissions. If you like to trade during volatile times, you would choose this broker with the MT4 platform.

Key Strengths:

• Fixed-spread trading accounts
• Wide range of trading products
• Access to Options trading via AvaOptions

Friedberg Direct Allows you to Trade Tight Fixed Spreads with MetaTrader 4

Friedberg Direct (powered by AvaTrade) is one of the only brokers regulated by a major financial authority to offer fixed spreads on MetaTrader 4.

What we like about Friedberg Direct is how tight they offer their spreads, which are from 0.6 pips on the EURUSD, so they are very competitive. Especially when compared to other brokers across the five markets this page serves that offer spreads from one pip, such as TMGM.

Fixed spreads are ideal for beginners, so you don’t have to worry about the spreads widening during volatile times.

Our Verdict on Friedberg Direct

Friedberg Direct provides a range of trading products through the MetaTrader 4 platform. With tight-fixed spreads, you can take advantage of the market’s volatility without being punished by variable spreads. If you want to know your trading costs consistently, we recommend trading the MT4 with Friedberg Direct because of the fixed spreads from 0.6 pips and no commission.

Visit Friedberg Direct - Avatrade

Background To Comparison

There are a lot of choices out there when it comes to trading platforms in the United States, Canada, Singapore, Malaysia, and New Zealand and, indeed, internationally. Forex trading is still the most popular way to trade globally, so choosing the best brokers with the best trading platforms is essential.

MT4 continues to be the most popular trading platform worldwide and is designed for both beginners and traders with experience, but there are many others. Some brokers offer their own proprietary trading platforms with specific features for their customers.

Along with trading platforms, there are a number of other considerations we have made, including:

• Regulations (and their jurisdictions)
• Trading fees (commission and spreads)
• Trading Account options (including minimum deposits)
• Additional factors (E.g. education, trading tools etc)

The selection includes brokers regulated by authorities in the markets this page covers, such as FXCM, Oanda and CMC Markets, which hold licences from one or more of those regulators and whose status traders can verify on the relevant registers. It also includes brokers outside those regulatory frameworks, such as eToro and HFM, which are not licensed by any of those authorities but accept traders from most countries globally. From these, only the 7 top brokers were chosen.

Disclaimer on Regulations

It’s essential to consider a country’s regulatory environment before choosing a broker, especially in the Foreign Exchange market.

There is no single global body governing the forex market. Instead, several governmental and independent bodies (FCA, ASIC, CySEC, etc.) supervise trading globally. These supervisory bodies regulate forex by setting standards for all brokers under their jurisdictions.

The top regulatory bodies in our covered markets are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States, the Canadian Investment Regulatory Organization (CIRO) in Canada, the Monetary Authority of Singapore (MAS), Securities Commission Malaysia (with Labuan FSA for the offshore regime), and the Financial Markets Authority (FMA) in New Zealand.

The list includes only brokers that hold a regulatory licence in at least one of the markets this site covers. The specific licence and regulator vary by broker, so you should check the broker’s website to confirm its current licensing before opening an account. Some provinces, states or regions also impose their own requirements on top of the national regulator. In Canada the Canadian Investment Regulatory Organization (CIRO) sets national standards, but Ontario and Alberta each have additional rules a broker must meet before offering services. In Malaysia, the Securities Commission Malaysia (SC) regulates most brokers, while the Labuan Financial Services Authority (Labuan FSA) governs the offshore segment.

There are also certain NFP and other corporations that offer additional protection for retail investors against bankruptcy. In our covered markets, the Canadian Investor Protection Fund (CIPF) safeguards client accounts held by CIRO-regulated investment intermediaries within set limits, and in the United States the Securities Investor Protection Corporation (SIPC) provides similar protection for brokerage accounts.

Lastly, the regulator (whether a major authority such as the CFTC, CIRO, MAS, Securities Commission Malaysia, the FMA, or an offshore body) also impacts high-risk trading factors such as maximum leverage available. This information can all be found on the broker’s website, and you can view all our tables on the homepage of the Compare Forex Brokers page.