- Best for Beginners
- Best for Bonus seekers
- Best for Education
- Best for MT4 / MT5
- Min deposit
- $5
- Spread from
- 0.6 pips
- Max leverage
- 1:1000
- Regulation
- CySEC · ASIC
Best Forex Brokers 2026
Ranked by our Forex Trader & Reviewer Laura West, who opens funded live accounts and places 100+ live orders per broker before publishing.
Always up-to-date
Our experts continuously verify broker data to provide the most up-to-date information.
52 forex brokers tested · Real funded accounts
Editor's Top 3
One winner per vertical · region-aware ordering
Worldwide editorial picks
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- Best for Copy trading
- Best for Stock and ETF investing
- Best for Beginners
- Best for EU and UK retail traders
- Min deposit
- $50
- Spread from
- 1.0 pips
- Max leverage
- 1:30
- Regulation
- FCA · CySEC
- Best for ASIC regulation
- Best for Raw ECN spreads
- Best for Copy trading
- Best for MT4/MT5
- Min deposit
- $50
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · FCA
Full Ranking
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| # | Broker | Our score | Regulation | Min Dep | Spread | Leverage | Open account |
|---|---|---|---|---|---|---|---|
| 1 |  XM Group | FCAASIC +2 | $5 | 0.6 pips | 1:1000 | Open Account → CFDs · 74–89% lose | |
| 2 |  Vantage | FCAASIC +2 | $50 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 3 |  eToro | FCAASIC +2 | $50 | 1.0 pips | 1:30 | Open Account → CFDs · 74–89% lose | |
| 4 |  Exness | FCAFSCA +2 | $10 | 0.0 pips | 1:Unlimited | Open Account → CFDs · 74–89% lose | |
| 5 |  CMC Markets | FCAASIC +4 | $0 | 0.7 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 6 |  Fusion Markets | ASICVFSC +1 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 7 |  IG Markets | FCAASIC +9 | $250 | 0.85 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 8 |  Pepperstone | FCAASIC +4 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 9 |  Saxo Bank | FCAASIC +6 | $0 | 0.4 pips | 1:200 | Open Account → CFDs · 74–89% lose | |
| 10 |  XTB | FCADFSA +2 | $0 | 0.5 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 11 |  FP Markets | ASICFSCA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 12 |  IC Markets | ASICCySEC +1 | $200 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 13 |  AvaTrade | ASICFSCA +7 | $100 | 0.9 pips | 1:400 | Open Account → CFDs · 74–89% lose | |
| 14 |  FxPro | FCADFSA +3 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 15 |  Interactive Brokers | FCAASIC +8 | $0 | 0.1 pips | 1:50 | Open Account → CFDs · 74–89% lose | |
| 16 |  OANDA | FCAASIC +6 | $0 | 1.2 pips | 1:200 | Open Account → CFDs · 74–89% lose | |
| 17 |  Plus500 | FCAASIC +6 | $100 | 0.6 pips | 1:300 | Open Account → CFDs · 74–89% lose | |
| 18 |  Tickmill | FCAFSCA +3 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74–89% lose | |
| 19 |  Eightcap | FCAASIC +2 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 20 |  Admiral Markets | FCAASIC +6 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74–89% lose | |
| 21 |  BlackBull Markets | FMAFSA Seychelles | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 22 |  Capital.com | FCAASIC +4 | $20 | 0.6 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 23 |  City Index | FCAASIC +1 | $250 | 0.5 pips | 1:200 | Open Account → CFDs · 74–89% lose | |
| 24 |  FXTM | FCAFSCA +3 | $10 | 0.0 pips | 1:2000 | Open Account → CFDs · 74–89% lose | |
| 25 |  HFM | FCADFSA +4 | $0 | 0.0 pips | 1:2000 | Open Account → CFDs · 74–89% lose | |
| 26 |  Swissquote | FCAFINMA +4 | $1000 | 0.6 pips | 1:100 | Open Account → CFDs · 74–89% lose | |
| 27 |  Trading 212 | FCACySEC +3 | £1 | 0.6 pips | 1:300 | Open Account → CFDs · 74–89% lose | |
| 28 |  Spreadex | FCA | £1 | 0.6 pips | 1:200 | Open Account → CFDs · 74–89% lose | |
| 29 |  TMGM | ASICFMA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 30 |  ActivTrades | FCACSSF +2 | $0 | 0.5 pips | 1:400 | Open Account → CFDs · 74–89% lose | |
| 31 |  Blueberry Markets | ASICVFSC | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 32 |  Forex.com | FCAASIC +4 | $100 | 0.0 pips | 1:30 | Open Account → CFDs · 74–89% lose | |
| 33 |  ThinkMarkets | FCAASIC +4 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 34 |  Axi | FCAASIC +2 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 35 |  Dukascopy | FINMAJFSA +1 | $100 | 0.1 pips | 1:200 | Open Account → CFDs · 74–89% lose | |
| 36 |  easyMarkets | ASICFSCA +3 | $25 | 0.7 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 37 |  Trade Nation | FCAASIC +2 | $0 | 0.6 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 38 |  Deriv | MFSA MaltaLabuan FSA +2 | $5 | 0.6 pips | 1:1000 | Open Account → CFDs · 74–89% lose | |
| 39 |  Global Prime | ASICVFSC | $200 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 40 |  HYCM | FCADFSA +2 | $100 | 0.1 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 41 |  TradeStation | FCACFTC +3 | $0 | 0.6 pips | 1:30 | Open Account → CFDs · 74–89% lose | |
| 42 |  VT Markets | ASICFSCA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 43 |  FBS | ASICFSCA +3 | $1 | 0.0 pips | 1:3000 | Open Account → CFDs · 74–89% lose | |
| 44 |  Robinhood UK | FCA | £0 | 0.03% FX (USD-GBP) · £0 stock commission | 1:1 | Open Account → CFDs · 74–89% lose | |
| 45 |  RoboForex | FSC BelizeTFC member (compensation up to €20,000) | $10 | 0.0 pips | 1:2000 | Open Account → CFDs · 74–89% lose | |
| 46 |  ATFX | FCAFSCA +2 | $100 | 1.0 pips | 1:400 | Open Account → CFDs · 74–89% lose | |
| 47 |  FXCM | FCAASIC +2 | $50 | 0.2 pips | 1:400 | Open Account → CFDs · 74–89% lose | |
| 48 |  Libertex | CySEC | $100 | 0.6 pips | 1:600 | Open Account → CFDs · 74–89% lose | |
| 49 |  Markets.com | FCAFSCA +2 | $100 | 0.6 pips | 1:300 | Open Account → CFDs · 74–89% lose | |
| 50 |  NAGA | FSCACySEC +2 | $250 | 0.5 pips | 1:1000 | Open Account → CFDs · 74–89% lose | |
| 51 |  OctaFX | FSCACySEC +2 | $25 | 0.6 pips | 1:500 | Open Account → CFDs · 74–89% lose | |
| 52 |  Doo Prime | FCAASIC +3 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74–89% lose |
How We Rank
Every broker on this list is tested on a funded live account. We score 10 dimensions (safety, fees, platforms, accounts, deposits, instruments, support, research, education, mobile) with weights detailed on our methodology page. No broker pays to be ranked higher. Some links earn us a commission — how we make money.
FAQ
Which is the best forex broker for beginners?
XM Group is the strongest entry-level forex broker for retail traders. The $5 minimum deposit, structured education library in 9 languages, and CySEC + ASIC + FCA + DFSA regulation breadth make it accessible without compromising safety.
What regulators should I trust for forex brokers?
Tier-1 regulators are FCA (UK), ASIC (Australia), CySEC (Cyprus / EU), DFSA (UAE), MAS (Singapore), JFSA (Japan), and FINMA (Switzerland). Tier-2 includes FSCA (South Africa) and CFTC (US). Offshore-only regulation (Belize, Vanuatu, St. Vincent) carries materially less investor protection.
How do you test forex brokers?
Our Forex Trader & Reviewer Laura West opens a funded live account on every broker reviewed, places 100+ real orders across London, New York and Asian sessions, records actual spread and slippage data, runs full deposit and withdrawal cycles, and tests support response times before assigning scores.
Are forex brokers safe?
Brokers regulated by tier-1 authorities with segregated client funds and negative balance protection are safe in the financial sense — your capital is protected from broker insolvency up to the local investor compensation threshold. CFD trading itself remains high-risk: 74–89% of retail accounts lose money according to FCA and CySEC published statistics.
What is the minimum deposit to start forex trading?
The lowest minimum deposit among credible regulated brokers is $5 (XM Micro and Standard accounts). Exness opens at $10. FP Markets at $100. For meaningful position sizing in a Standard account, $200–500 is the practical entry point.
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52 forex brokers tested by Laura West · Last updated June 26, 2026
Risk warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89 % of retail investor accounts lose money when trading CFDs with this provider category. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.