BrokerAnalysis

Broker Reviews

Compare 74+ forex and CFD brokers. Read our unbiased, in-depth reviews covering fees, platforms, regulation, and more.

Expert Reviewed
Updated March 2026
Unbiased Ratings
Showing 74 of 74 brokers
IG logo

IG

Rating 4.9/5
4.9out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:200
Regulated by:FCA, ASIC, MAS
Interactive Brokers logo

Interactive Brokers

Rating 4.9/5
4.9out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:40
Regulated by:
Assets:Forex
Pepperstone logo

Pepperstone

Rating 4.8/5
4.8out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:ASIC, FCA
Assets:CFD, Forex
Saxo Bank logo

Saxo Bank

Rating 4.8/5
4.8out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Assets:Forex
CMC Markets logo

CMC Markets

Rating 4.7/5
4.7out of 5

Min Deposit
$0
Spread
1.2 pips
Max Leverage
1:500
Regulated by:FCA, CIRO
Assets:Forex
Swissquote logo

Swissquote

Rating 4.7/5
4.7out of 5

Min Deposit
$1000
Spread
0.9 pips
Max Leverage
1:100
Regulated by:FINMA, FCA
eToro logo

eToro

Rating 4.6/5
4.6out of 5

Min Deposit
$50
Spread
1 pips
Max Leverage
1:30
Regulated by:CySEC, FCA
Freedom24 logo

Freedom24

Rating 4.6/5
4.6out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:CySEC
OANDA logo

OANDA

Rating 4.6/5
4.6out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Assets:Forex
Spreadex logo

Spreadex

Rating 4.6/5
4.6out of 5

Min Deposit
$0
Spread
0.6 pips
Max Leverage
1:300
Regulated by:FCA
XTB logo

XTB

Rating 4.6/5
4.6out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Assets:Forex
Exness logo

Exness

Rating 4.5/5
4.5out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:CySEC, FSCA, CMA +2
Assets:Forex
Active Promotion: Earn up to 90% of spread/commission back daily via IB partner codes. Standard re View Details
FP Markets logo

FP Markets

Rating 4.5/5
4.5out of 5

Min Deposit
$100
Spread
Varies
Max Leverage
1:500
Regulated by:ASIC, CySEC
Assets:CFD, Forex
Active Promotion: Up to 50% deposit bonus (region-dependent). Plus 25% commission rebates or $3.00 View Details
XM logo

XM

Rating 4.5/5
4.5out of 5

Min Deposit
$5
Spread
Varies
Max Leverage
1:1000
Regulated by:CySEC, ASIC, IFSC
Assets:Forex
Active Promotion: $30 no-deposit bonus for new clients. Plus 100% deposit bonus up to $500 + 20% u View Details
AvaTrade logo

AvaTrade

Rating 4.5/5
4.5out of 5

Min Deposit
$100
Spread
0.9 pips
Max Leverage
1:400
Regulated by:CySEC, MiFID II
Active Promotion: Welcome bonus up to $10,000 (standard) or $50,000 (VIP). Plus refer-a-friend: $5 View Details
Tickmill logo

Tickmill

Rating 4.5/5
4.5out of 5

Min Deposit
$100
Spread
Varies
Max Leverage
1:500
Regulated by:FCA, CySEC
Assets:CFD, Forex
Active Promotion: $30 no-deposit bonus for new clients (60-day trading period). Trader of the Mont View Details
GO Markets logo

GO Markets

Rating 4.5/5
4.5out of 5

Min Deposit
$0
Spread
0.4 pips
Max Leverage
1:500
Regulated by:ASIC (High)
Assets:Forex
Active Promotion: 50% trading credit bonus (limited-time, min $100 deposit). Up to 30% monthly vol View Details
Global Prime logo

Global Prime

Rating 4.5/5
4.5out of 5

Min Deposit
$0
Spread
0.2 pips
Max Leverage
1:500
Regulated by:ASIC (High)
Assets:Forex
Plus500 logo

Plus500

Rating 4.5/5
4.5out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:300
Regulated by:
Assets:Stocks, CFD
Axi logo

Axi

Rating 4.4/5
4.4out of 5

Min Deposit
$0
Spread
0.2 pips
Max Leverage
1:500
Regulated by:FCA, ASIC
Assets:Forex
Active Promotion: 100% trading credit available in certain regions for new accounts. Cashback up t View Details
FXTM logo

FXTM

Rating 4.4/5
4.4out of 5

Min Deposit
$10
Spread
0.2 pips
Max Leverage
1:2000
Regulated by:CySEC, FCA
Active Promotion: $500 non-withdrawable trading credit with code HELLOFXTM. Volume-based commissio View Details
ThinkMarkets logo

ThinkMarkets

Rating 4.4/5
4.4out of 5

Min Deposit
$0
Spread
0.4 pips
Max Leverage
1:500
Regulated by:CySEC, FCA
Active Promotion: 5x points on ThinkTrader trades (Mar 24 – Apr 17). 125 welcome points. Refer-a-f View Details
HFM logo

HFM

Rating 4.4/5
4.4out of 5

Min Deposit
$5
Spread
Varies
Max Leverage
1:2000
Regulated by:FCA, CySEC, FSCA
Active Promotion: 100% supercharged bonus on deposits. Daily rebates up to $2/lot. HFM Bars loyalt View Details
Capital.com logo

Capital.com

Rating 4.4/5
4.4out of 5

Min Deposit
$20
Spread
0.6 pips
Max Leverage
1:30 retail / higher for professional or non-EU entities
Regulated by:FCA, CySEC, ASIC +2
Assets:Forex, Shares, Indices
Active Promotion: Up to 20% of spread rebated (min 5% guaranteed). No minimum volume. Refer-a-frie View Details
Forex.com logo

Forex.com

Rating 4.4/5
4.4out of 5

Min Deposit
$100
Spread
Varies
Max Leverage
1:50
Regulated by:NFA, CFTC, FCA
Assets:Forex
FXCM logo

FXCM

Rating 4.4/5
4.4out of 5

Min Deposit
$50
Spread
1.3 pips
Max Leverage
1:400
Regulated by:FCA
TMGM logo

TMGM

Rating 4.4/5
4.4out of 5

Min Deposit
$100
Spread
0 pips
Max Leverage
1:500
Regulated by:ASIC, FMA, VFSC
Assets:Forex, CFD
Active Promotion: $20 welcome cashback (trade 0.5 lots) Mar 1 – Jun 30. Up to $700 volume-based ca View Details
RoboForex logo

RoboForex

Rating 4.3/5
4.3out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
1:2000
Regulated by:FSC
Assets:CFD, Forex
Active Promotion: $30 welcome bonus for new verified accounts (min $10 deposit). Plus 120% classic View Details
BlackBull Markets logo

BlackBull Markets

Rating 4.3/5
4.3out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:FMA, FSA
Assets:Forex
Active Promotion: Get TradingView subscription costs refunded to your account. Volume-based Prime+ View Details
HYCM logo

HYCM

Rating 4.3/5
4.3out of 5

Min Deposit
$100
Spread
1.8 pips
Max Leverage
1:500
Regulated by:FCA, CySEC, DFSA
Active Promotion: 10% trading credit on deposits of $100+ (max $5,000). Refer-a-friend with $180 d View Details
Eightcap logo

Eightcap

Rating 4.3/5
4.3out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Assets:Crypto, CFD
Fusion Markets logo

Fusion Markets

Rating 4.3/5
4.3out of 5

Min Deposit
$0
Spread
0 pips
Max Leverage
1:500
Regulated by:ASIC (High)
Assets:Forex
FxPro logo

FxPro

Rating 4.3/5
4.3out of 5

Min Deposit
$100
Spread
1.4 pips
Max Leverage
1:500
Regulated by:FCA, CySEC, FSCA
Hantec Markets logo

Hantec Markets

Rating 4.3/5
4.3out of 5

Min Deposit
$10
Spread
0.8 pips
Max Leverage
1:500
Regulated by:FCA, ASIC
Assets:Forex
Active Promotion: $50 no-deposit bonus (region-dependent). 50% deposit bonus in select regions. $2 View Details
IC Trading logo

IC Trading

Rating 4.3/5
4.3out of 5

Min Deposit
$200
Spread
Varies
Max Leverage
1:500
Regulated by:FSC
Assets:CFD, Forex
Moneta Markets logo

Moneta Markets

Rating 4.3/5
4.3out of 5

Min Deposit
$50
Spread
Varies
Max Leverage
1:500
Regulated by:FSCA
Assets:CFD, Forex
VT Markets logo

VT Markets

Rating 4.2/5
4.2out of 5

Min Deposit
$100
Spread
Varies
Max Leverage
1:500
Regulated by:ASIC, FSCA
Assets:CFD, Forex
Active Promotion: 50% welcome bonus on first deposit. 20% on subsequent deposits. Active Trader: 0 View Details
LiteFinance logo

LiteFinance

Rating 4.2/5
4.2out of 5

Min Deposit
$50
Spread
1.8 pips
Max Leverage
1:500
Regulated by:CySEC, FSC
Assets:Forex, Crypto, Commodities
Active Promotion: 100% deposit bonus with code TET2026. New Year Promo: win MacBook Air, iPhone 16 View Details
Libertex EU logo

Libertex EU

Rating 4.2/5
4.2out of 5

Min Deposit
$100
Spread
Varies
Max Leverage
1:500
Regulated by:CySEC
Active Promotion: 100% welcome bonus up to $10,000 on first deposit (min $100). 10% commission cas View Details
City Index logo

City Index

Rating 4.2/5
4.2out of 5

Min Deposit
$100
Spread
0.5 pips
Max Leverage
1:400
Regulated by:MAS
FBS logo

FBS

Rating 4.2/5
4.2out of 5

Min Deposit
$5
Spread
Varies
Max Leverage
1:500
Regulated by:IFSC, CySEC
Assets:CFD, Forex
OctaFX logo

OctaFX

Rating 4.2/5
4.2out of 5

Min Deposit
$25
Spread
0.6 pips
Max Leverage
1:500
Regulated by:CySEC
StarTrader logo

StarTrader

Rating 4.2/5
4.2out of 5

Min Deposit
$50
Spread
Varies
Max Leverage
1:500
Regulated by:FSA (Seychelles)
Assets:Forex
TradeStation logo

TradeStation

Rating 4.2/5
4.2out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:SEC
EasyMarkets logo

EasyMarkets

Rating 4.1/5
4.1out of 5

Min Deposit
$25
Spread
0.7 pips
Max Leverage
1:500
Regulated by:CySEC, ASIC, FSA
Active Promotion: Exclusive welcome gift for new clients. 50% deposit bonus to boost your margin o View Details
IQ Option logo

IQ Option

Rating 4.1/5
4.1out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
1:500
Regulated by:CySEC (EEA)
Active Promotion: Frequent deposit bonuses (20-50%) via promo codes. 20% off AI Bot for automated View Details
HotForex logo

HotForex

Rating 4.0/5
4.0out of 5

Min Deposit
$5
Spread
1.2 pips
Max Leverage
1:2000
Regulated by:FCA, CySEC
Active Promotion: 100% supercharged bonus on deposits. Daily rebates up to $2/lot. HFM Bars loyalt View Details
Expert Option logo

Expert Option

Rating 4.0/5
4.0out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
N/A
Regulated by:VFSC
Active Promotion: 100% bonus on first investment with code money100. 20% bonus on subsequent depos View Details
Quotex logo

Quotex

Rating 4.0/5
4.0out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
N/A
Regulated by:IFMRRC
Active Promotion: 70% deposit bonus with code WELCOME70 (min $30). 50% bonus via partner links. 10 View Details
FXORO logo

FXORO

Rating 4.0/5
4.0out of 5

Min Deposit
$200
Spread
2 pips
Max Leverage
1:400
Regulated by:CySEC
Active Promotion: Up to 50% trading bonus on deposits (min 100 EUR). Bonus for margin support, not View Details
Admiral Markets logo

Admiral Markets

Rating 4.0/5
4.0out of 5

Min Deposit
$100
Spread
0.6 pips
Max Leverage
1:500
Regulated by:CySEC, FCA
Ally Invest logo

Ally Invest

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
1.5 pips
Max Leverage
1:500
Regulated by:NFA
Binomo logo

Binomo

Rating 4.0/5
4.0out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
1:500
Regulated by:IFC
CIBC Investors Edge logo

CIBC Investors Edge

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
2 pips
Max Leverage
1:500
Regulated by:IIROC
Deriv logo

Deriv

Rating 4.0/5
4.0out of 5

Min Deposit
$5
Spread
Varies
Max Leverage
1:500
Regulated by:MFSA, LFSA, VFSC
GBE Brokers logo

GBE Brokers

Rating 4.0/5
4.0out of 5

Min Deposit
$1000
Spread
Varies
Max Leverage
1:500
Regulated by:CySEC
IG Singapore logo

IG Singapore

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Assets:Forex
IQCent logo

IQCent

Rating 4.0/5
4.0out of 5

Min Deposit
$20
Spread
Varies
Max Leverage
1:500
Regulated by:Unregulated
KGI Securities logo

KGI Securities

Rating 4.0/5
4.0out of 5

Min Deposit
$500
Spread
1.2 pips
Max Leverage
1:100
Regulated by:MAS
Nadex logo

Nadex

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:CFTC (USA)
Phillip Capital logo

Phillip Capital

Rating 4.0/5
4.0out of 5

Min Deposit
$200
Spread
1 pips
Max Leverage
1:100
Regulated by:MAS
Pocket Option logo

Pocket Option

Rating 4.0/5
4.0out of 5

Min Deposit
$50
Spread
Varies
Max Leverage
N/A
Regulated by:IFMRRC
Questrade logo

Questrade

Rating 4.0/5
4.0out of 5

Min Deposit
$1000
Spread
1.5 pips
Max Leverage
1:100
Regulated by:IIROC
Standard Bank Webtrader logo

Standard Bank Webtrader

Rating 4.0/5
4.0out of 5

Min Deposit
$500
Spread
1.5 pips
Max Leverage
1:100
Regulated by:FSCA
Tastyfx logo

Tastyfx

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
0.8 pips
Max Leverage
1:500
Regulated by:CFTC, NFA
TD Direct Investing logo

TD Direct Investing

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
1.8 pips
Max Leverage
1:500
Regulated by:IIROC
Vantage Markets logo

Vantage Markets

Rating 4.0/5
4.0out of 5

Min Deposit
$50
Spread
Varies
Max Leverage
1:1000
Regulated by:ASIC, FCA
Assets:Forex
Wealthsimple logo

Wealthsimple

Rating 4.0/5
4.0out of 5

Min Deposit
$0
Spread
2 pips
Max Leverage
1:500
Regulated by:IIROC
Thunder Markets logo

Thunder Markets

Rating 3.8/5
3.8out of 5

Min Deposit
$500
Spread
1.6 pips
Max Leverage
1:400
Regulated by:FSA
Assets:Forex, Stocks, Indices
IronFX logo

IronFX

Rating 3.5/5
3.5out of 5

Min Deposit
$50
Spread
1.6 pips
Max Leverage
1:500
Regulated by:FCA, CySEC
Olymptrade logo

Olymptrade

Rating 3.5/5
3.5out of 5

Min Deposit
$10
Spread
Varies
Max Leverage
1:500
Regulated by:FinaCom
PU Prime logo

PU Prime

Rating 3.5/5
3.5out of 5

Min Deposit
$50
Spread
Varies
Max Leverage
1:500
Regulated by:FSA (Seychelles)
Hankotrade logo

Hankotrade

Rating 3.0/5
3.0out of 5

Min Deposit
$0
Spread
Varies
Max Leverage
1:500
Regulated by:
Binarium logo

Binarium

Rating 1.3/5
1.3out of 5

Min Deposit
$5
Spread
Varies
Max Leverage
1:500
Regulated by:Unregulated

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Frequently Asked Questions

We evaluate brokers based on multiple criteria including regulation status, trading fees, platform quality, customer service, deposit/withdrawal options, and overall user experience. Each broker undergoes hands-on testing by our team of experienced traders.

Key factors to consider include: regulatory status (FCA, ASIC, CySEC are top-tier), trading costs (spreads and commissions), available trading platforms (MT4, MT5, proprietary), minimum deposit requirements, and the range of tradable instruments.

While we include regulatory information for each broker, not all brokers have the same level of regulation. We clearly display each broker's regulatory status so you can make an informed decision based on your risk tolerance and jurisdiction.

Our broker reviews are updated regularly to reflect changes in fees, features, and regulatory status. Major updates are typically made quarterly, with critical changes (like regulatory issues) updated immediately.

Our ratings are based on objective criteria and hands-on testing. While we may receive compensation from some brokers through affiliate partnerships, this does not influence our ratings or review content. We prioritize transparency and accuracy.