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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 |
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.