Compare brokers
Every broker we have reviewed, side by side and ranked by rating. Each rating is derived from the written assessment — read the full review before opening anything.
| Broker | Rating | Verdict | Reviewer | Updated | Review |
|---|---|---|---|---|---|
| CMC Markets | CMC Markets review: LSE-listed since 1989, regulated by FCA, ASIC, FMA, IIROC and MAS, 10,500 markets, EUR/USD from 0.7 pips, $0 minimum. 4.5/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| IG Markets | IG Markets review: the oldest and largest retail CFD broker, FCA and ASIC-regulated, 16,000+ markets, EUR/USD from 0.6 pips, IG web, MT4. 4.5/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Pepperstone | Pepperstone review: ASIC and FCA-regulated no-dealing-desk broker, Razor spreads from 0.0 pips plus A$3.50 per side, MT4, MT5 and cTrader. 4.5/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| IC Markets | IC Markets review: ASIC and CySEC-regulated ECN broker, raw spreads from 0.0 pips plus $3 per side, fast execution on MT4, MT5 and cTrader. 4.4/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| FXTM | FXTM review: FCA, CySEC and FSCA-regulated broker with ECN spreads from 0.1 pip plus $2 per lot, deposits from $10, strong support, MT4 only. 4.3/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Vantage FX | Vantage FX review: ASIC, FCA and CIMA-regulated STP/ECN broker with raw spreads from 0.0 pips plus $3 per side, $200 minimum deposit, MT4 and MT5. 4.3/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| 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. | Karthik Subramanian | 2 Sept 2026 | Review | |
| 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. | Rick Steves | 17 Sept 2026 | Review | |
| FXOpen | FXOpen review: ECN broker since 2005, spreads from 0.0 pips plus $3 per lot, FCA, CySEC and ASIC regulation, MT4, MT5 and TickTrader. 4.2/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| HYCM | HYCM review: trading since 1977 under FCA, CySEC, CIMA and DFSA regulation, Raw spreads from 0.2 pips plus $4 round turn on MT4/MT5. 4.2/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Tickmill | Tickmill review 2026: the Raw account costs $6 per round-turn lot against $16 on Classic, and the advertised 1:1000 leverage is Seychelles-entity only. | Karthik Subramanian | 1 Sept 2026 | Review | |
| 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. | Rick Steves | 14 Sept 2026 | Review | |
| ACY Securities | ACY Securities review: ASIC-regulated ECN broker with spreads from 0 pips plus $5–6 round-turn commission, MT4 only and a $100 minimum deposit. Rated 4.1/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Trading 212 | Trading 212 review: 2025 UK accounts show £257m of its £277.6m revenue came from trading, not cash interest. The 0.15% FX fee is checked against three rivals. | Rick Steves | 23 Sept 2026 | Review | |
| 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. | Rick Steves | 11 Sept 2026 | Review | |
| eToro | eToro review: the largest social-trading broker with CopyTrader, real stocks and crypto, FCA. Rated 4/5, weak for active traders. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Plus500 | Plus500 review: LSE-listed market maker regulated by the FCA, CySEC, ASIC, FMA, FSCA and MAS, 2,000+ CFDs and EUR/USD from 0.6 pips. 4/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| 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. | Karthik Subramanian | 2 Sept 2026 | Review | |
| 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. | Karthik Subramanian | 2 Sept 2026 | Review | |
| 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. | Rick Steves | 18 Sept 2026 | Review | |
| 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. | Rick Steves | 9 Sept 2026 | Review | |
| Blueberry Markets | Blueberry Markets charges US$7 round turn on one Direct standard lot of EUR/USD, before the raw spread. The June 2024 PDS still prices that line at A$7.00. | Rick Steves | 19 Oct 2026 | Review | |
| 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. | Rick Steves | 15 Sept 2026 | Review | |
| FBS | FBS review: CySEC and IFSC-regulated STP/ECN broker with $1 Cent accounts, leverage to 1:3000 and spreads from 0.5 pips. 3.8/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| Darwinex | Darwinex review: the EUR/USD round turn is €5, not zero, on Tradeslide Trading Tech Limited (FCA 586466). Investor orders on the same row are priced lower. | Rick Steves | 18 Oct 2026 | Review | |
| Exness | Exness review: spreads from 0.0 pips plus $3.5 per side, $1 minimum deposit, instant funding and unlimited leverage. 3.7/5. | Abdelaziz Fathi | 1 Sept 2026 | Review | |
| 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. | Karthik Subramanian | 1 Sept 2026 | Review | |
| JustMarkets | JustMarkets review: the Seychelles Raw Spread account charges $3.00 a side, so one EUR/USD lot is $7.00 all-in on the live average read 8 October 2026. | Rick Steves | 8 Oct 2026 | Review | |
| easyMarkets | easyMarkets review 2026: Easy Forex Trading Ltd (CySEC 079/07) prices EUR/USD from 0.6 pips on the web ticket, with zero commission and a 25 USD minimum. | Rick Steves | 2 Oct 2026 | Review | |
| City Index | City Index's UK name retired on 12 September 2026. The StoneX book quotes EUR/USD at a 0.8 pip typical, and the 1 million trader line counts demo accounts. | Rick Steves | 1 Oct 2026 | Review | |
| 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. | Rick Steves | 22 Sept 2026 | Review | |
| 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. | Rick Steves | 21 Sept 2026 | Review | |
| 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. | Rick Steves | 16 Sept 2026 | Review | |
| 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. | Karthik Subramanian | 1 Sept 2026 | Review | |
| Plus500 | Plus500's delayed UK EUR/USD quote was 0.9 pips on 6 October 2026, about $9 a standard lot, despite a zero dealing-commission line on its own fees page. | Rick Steves | 6 Oct 2026 | Review | |
| 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. | Rick Steves | 19 Sept 2026 | Review | |
| 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. | Rick Steves | 10 Sept 2026 | Review | |
| 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. | Rick Steves | 4 Sept 2026 | Review | |
| Moneta Markets vs 0.0 Spread: an $8.60 Round-Turn Fee | Moneta Markets prices one EUR/USD lot at $8.60 all-in on a Prime ECN USD account: a 0.26 average spread plus $6 round-turn commission, not the 0.0 line. | Rick Steves | 22 Oct 2026 | Review | |
| Titan FX Commissions Contradict Zero Advertisement | Titan FX Blade's EUR/USD all-in cost is $9.00 a standard lot on the published average, not the 0.0-pip advertisement, beside Pepperstone and IC Markets. | Rick Steves | 21 Oct 2026 | Review | |
| Hantec Markets Prints a London Number on a Mauritius Book | Hantec Markets puts the retail contract with a Mauritius dealer, licence C114013940. Global EUR/USD starts at 0.6 pips and $0 commission. Pro also prints $2. | Rick Steves | 20 Oct 2026 | Review | |
| RoboMarkets | A new EU or EEA client on robomarkets.de is offered Prime Stocks, not the Cyprus EURUSD grid the firm's own notice retired. The live floor is 0.075% per order, printed beside a zero-commission line, on a contract with the Frankfurt GmbH. | Rick Steves | 14 Oct 2026 | Review | |
| FXCM | FXCM's UK Active Trader Tier 1 is £2.00 a side per £100,000. Trade Nation is due to take that client book on 20 November 2026. | Rick Steves | 11 Oct 2026 | Review | |
| Markets.com | Markets.com's EU page shows a 1.30-pip EUR/USD spread on 7 October 2026, not the homepage 0.0 line. Safecap Investments Limited holds the CFD contract. | Rick Steves | 7 Oct 2026 | Review | |
| RoboForex | RoboForex Ltd's Belize contract carries FSC licence 9759600. The CySEC file is a different company, and the Pro EUR/USD ticket costs $13 a standard lot. | Rick Steves | 4 Oct 2026 | Review | |
| XM | XM review: XM Global's bonus-pitched Standard account averages 2.0 pips on EUR/USD vs 1.1 on Ultra Low, a $9 lot premium. Licences and peer spreads checked. | Rick Steves | 24 Sept 2026 | Review | |
| 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. | Rick Steves | 7 Sept 2026 | Review | |
| 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. | Rick Steves | 3 Sept 2026 | Review | |
| 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. | Rick Steves | 13 Sept 2026 | Review | |
| LiteFinance | LiteFinance review: Global LLC in Kingstown prices an ECN EUR/USD round lot at $5. Liteforex (Europe), under CySEC, prints $10 on its MT4 and MT5 schedules. | Rick Steves | 15 Oct 2026 | Review | |
| Equiti | Equiti's retail contract is the Seychelles firm, not the FCA entity. EUR/USD Premier is $7 a lot on the London and New York typical, beside live peer schedules. | Rick Steves | 30 Sept 2026 | Review | |
| GO Markets | GO Markets review: GO Plus+ charges US$2.50 a side, the cheapest raw fee we found, yet the 500:1 micro account on its ASIC page links to a Mauritius sign-up. | Rick Steves | 26 Sept 2026 | Review | |
| Scope Markets | Scope Markets review: Scope Capital Ltd in Saint Lucia prices the EUR/USD ticket at an indicative $10. CySEC's register names Scope Prime, not this contract. | Rick Steves | 17 Oct 2026 | Review | |
| PU Prime | PU Prime review: the Seychelles register places the dealer at Office 1A, the usual footer does not, and just two client agreements render on the legal page. | Rick Steves | 9 Oct 2026 | Review | |
| VT Markets | VT Markets Review 2026: RAW ECN prints 0.0 pips on EUR/USD, but the published round-turn commission is $6. The lot cost is that charge, not the pip line. | Rick Steves | 16 Oct 2026 | Review | |
| Global Prime | Global Prime review 2026: its US$7.00 raw lot costs 56% more than Fusion Markets on the same Vanuatu licence, and its site shows 1:1000 leverage vs a 1:500 PDS. | Rick Steves | 27 Sept 2026 | Review | |
| TMGM | TMGM advertises leverage up to 1:1000, but its own product schedule fixes that ceiling to the Vanuatu licence, not the 2013 Sydney AFSL in its footer. | Rick Steves | 25 Sept 2026 | Review | |
| 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. | Rick Steves | 8 Sept 2026 | Review | |
| 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. | Rick Steves | 2 Sept 2026 | Review | |
| NAGA | NAGA Capital Ltd prints 0.9 in the EUR/USD spread column. The EU CySEC row prints 1. Key Way Markets and CAPEX.com's KW Investments are other contracts. | Rick Steves | 12 Oct 2026 | Review | |
| Alpari | Alpari's public EUR/USD quote closed on Friday at 2.5 pips, a $25 standard-lot ticket. Its Pro ECN pages give three different readings of the $2.50 fee. | Rick Steves | 10 Oct 2026 | Review | |
| IronFX | IronFX's live retail contract is Notesco I Limited in the Marshall Islands, not the CySEC firm. The EUR/USD schedule and register, read on 3 October 2026. | Rick Steves | 3 Oct 2026 | Review | |
| MultiBank | MultiBank's English client is MEX Atlantic Corporation under CIMA 1811316. The Standard floor is 1.5 pips, the ECN card says 0.0, and no commission is printed. | Rick Steves | 13 Oct 2026 | Review | |
| Octa | Octa’s global contract is Versustrategy Inc. in Saint Lucia, registration 2025-00917. OctaTrader EUR/USD was 1.20 pips on 5 October 2026, with commission at $0. | Rick Steves | 5 Oct 2026 | Review | |
| ATFX | ATFX review 2026: the UK arm takes no retail clients, the real contract is Mauritian, and its $7 Raw lot needs a $20,000 deposit that IC Markets sets at $0. | Rick Steves | 29 Sept 2026 | Review | |
| Deriv | Deriv review: its spec table lists 1:10,000 leverage on Step Index, a synthetic market Deriv prices and trades against. Costs, licences, client money checked. | Rick Steves | 29 Sept 2026 | Review | |
| 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. | Rick Steves | 20 Sept 2026 | Review | |
| 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. | Rick Steves | 5 Sept 2026 | Review | |
| How Much Does a BDSwiss EUR/USD Lot Actually Cost? | BDSwiss prices a Zero EUR/USD lot at a 0.3 average plus $6 on the BDS Markets Mauritius schedule, FSC licence C116016172, beside a portal line that says 0.0. | Rick Steves | 23 Oct 2026 | Review |
Disclosure: links to brokers inside the reviews may be affiliate or sponsored links, and The Traders Spread may receive a payment if you open an account through them. Spreads, leverage limits and licences change; confirm current terms with the broker and its regulator. Nothing on this page is investment advice.