FOREX.com
FOREX.com review 2026: the US arm pays 10% only on the first $20,000 of idle margin, charges $7 a side on RAW and holds 43% of US retail forex client money.
Brokers
Broker reviews and due diligence — regulation, real costs and the fine print, checked against the registers.
Compare every broker side by side
Reviews are re-tested when a broker changes its pricing, regulation or platform lineup. Ratings weigh costs 35%, safety 30%, platforms 20%, funding 15%.
All broker reviews
FxPro
FxPro review 2026: the FCA-licensed UK arm files as principal and market maker while the site sells NDD execution; cTrader commission is $4.01 a lot per side.
AvaTrade
AvaTrade charges $50 for every three idle months plus a separate $100 annual administration fee, and its own public cost table showed no prices at all.
Spreadex
Spreadex Review 2026: the St Albans firm runs sports and financial spread betting on one FCA licence, quotes 1.4 on Germany 40 and discloses no revenue split.
Dukascopy
Dukascopy Review 2026: the Swiss bank quotes USD 35 per million per side but charges it in euros, so one EUR/USD lot costs USD 8.04 round turn, not USD 7.00.
Interactive Brokers
Interactive Brokers review 2026: its $2.00 FX minimum makes a 0.1-lot EUR/USD trade cost 5.7x Pepperstone Razor. Stock fees, cash interest, licences checked.
Trade Nation
Trade Nation is the only fixed-spread broker of scale. Its EUR/USD spread is 0.5 pips in the London session, cheaper than every raw-plus-commission floor on this desk, and 5.0 pips for one hour at 22:00 UK.
Saxo
Saxo review 2026: a $10,000 US share buy from a UK Classic account costs $8 in commission and $60 to convert currency, against a 0.25% FX cap outside the UK.
IG
IG review 2026: 110,100 leveraged traders, 13% of IG Group's active clients, earned 78% of H1 trading revenue, and 69% of UK retail accounts lose money.
BlackBull Markets
BlackBull Markets review: one page bills the Prime account's $3 commission per US$100,000, so a GBP/USD lot costs $4.05 a side. Audited filings and licences.
Pepperstone
Pepperstone review 2026: its Razor grid still tracks 2010 FX rates, so one lot costs $5.03 on an AUD account and $7.19 on SGD. Seven licences checked.
IC Markets
IC Markets review 2026: the $3.00 cTrader commission works out at $6.99 a EUR/USD lot against $7.00 on MetaTrader. Six product counts, three entities, verified.
OANDA
OANDA runs three price books behind one brand. Its own spread API shows EUR/USD at 0.851 pips in London and 1.651 in New York, with $1.3m of NFA and CFTC fines against the US entity.
Admirals
Admirals is joint-cheapest on EUR/USD at $7.00 per standard lot, yet its own corporate site still advertises an Estonian licence Finantsinspektsioon revoked on 28 April 2026.
XTB
XTB's own H1 2026 filing prices every CFD lot at PLN 459, about EUR 106, while its specification table publishes no spread at all. Costs and registers verified.
ThinkMarkets
ThinkMarkets shows eight regulator logos and claims ten licences. The contract behind them is Seychelles law, with no negative balance protection and a fee schedule that does not describe the account.
Axi
Axi prices one Pro account at $4.50, $7.00 and $3.50 round turn across its own pages. Five entities, eleven currencies, and the price is not your choice.
Eightcap
Eightcap review 2026: the CySEC entity's own disclosure prices a €10,000 trade at €75, Raw commission runs $6.07 to $7.00 by base currency, swaps unpublished.
HFM
HFM review 2026: the FCA-registered UK company employs one person and books only intercompany fees, hfm.com is absent from the CySEC approved-domain list, and the 2016 EUR 105,000 fine reads differently in the regulator's own text.
Capital.com
Capital.com charges no commission and no inactivity fee, yet a long gold CFD burns 5.81% of notional a year in overnight funding: 116% of the margin posted.
ActivTrades
ActivTrades review 2026: EUR/USD quoted a median 0.8 pips against its 0.5 target, and 8 of 15 majors never hit the floor. Costs, entities, FCA record.
Swissquote
Swissquote review 2026: the FINMA-licensed Swiss bank charges 1.7 pips on EUR/USD. We price that banking premium against Saxo, Fusion Markets and IC Markets.
Fusion Markets
Fusion Markets review 2026: the ASIC broker shares one legal entity and AFSL with Global Prime, and its $4.50 raw commission is really eight numbers, not one.
FP Markets
FP Markets review 2026: the ASIC broker's Raw commission swings 98% on base currency alone, from US$3.76 to US$7.45 round turn. Costs, Iress fees, verdict.