EUR/USD1.1378-0.22%GBP/USD1.3263+0.08%USD/JPY156.88-0.45%Gold4,328.00-0.13%Silver64.22-0.29%WTI Crudevia USO153.22+3.30%Bitcoin83,010-1.85%Ethereum2,665.76-0.87%Solana118.22-2.92%S&P 500via SPY765.06-0.82%Nasdaq 100via QQQ734.82-1.30%DAXvia EWG41.95-0.73%
Live markets
The Traders Spread

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.

49brokers
BrokerRatingVerdictReviewerUpdatedReview
CMC Markets4.5 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 Fathi1 Sept 2026Review
IG Markets4.5 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 Fathi1 Sept 2026Review
Pepperstone4.5 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 Fathi1 Sept 2026Review
IC Markets4.4 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 Fathi1 Sept 2026Review
FXTM4.3 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 Fathi1 Sept 2026Review
Vantage FX4.3 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 Fathi1 Sept 2026Review
Swissquote4.3 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 Subramanian2 Sept 2026Review
Interactive Brokers4.2 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 Steves17 Sept 2026Review
FXOpen4.2 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 Fathi1 Sept 2026Review
HYCM4.2 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 Fathi1 Sept 2026Review
Tickmill4.2 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 Subramanian1 Sept 2026Review
IG4.1 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 Steves14 Sept 2026Review
ACY Securities4.1 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 Fathi1 Sept 2026Review
Trading 2124.0 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 Steves23 Sept 2026Review
Pepperstone4.0 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 Steves11 Sept 2026Review
eToro4.0 eToro review: the largest social-trading broker with CopyTrader, real stocks and crypto, FCA. Rated 4/5, weak for active traders.Abdelaziz Fathi1 Sept 2026Review
Plus5004.0 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 Fathi1 Sept 2026Review
FP Markets4.0 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 Subramanian2 Sept 2026Review
Fusion Markets4.0 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 Subramanian2 Sept 2026Review
Dukascopy3.9 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 Steves18 Sept 2026Review
OANDA3.9 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 Steves9 Sept 2026Review
Saxo3.8 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 Steves15 Sept 2026Review
FBS3.8 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 Fathi1 Sept 2026Review
Exness3.7 Exness review: spreads from 0.0 pips plus $3.5 per side, $1 minimum deposit, instant funding and unlimited leverage. 3.7/5.Abdelaziz Fathi1 Sept 2026Review
Capital.com3.7 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 Subramanian1 Sept 2026Review
easyMarkets3.6 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 Steves2 Oct 2026Review
City Index3.6 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 Steves1 Oct 2026Review
FOREX.com3.6 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 Steves22 Sept 2026Review
FxPro3.6 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 Steves21 Sept 2026Review
Trade Nation3.6 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 Steves16 Sept 2026Review
ActivTrades3.6 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 Subramanian1 Sept 2026Review
Spreadex3.5 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 Steves19 Sept 2026Review
IC Markets3.5 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 Steves10 Sept 2026Review
Axi3.5 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 Steves4 Sept 2026Review
XM3.4 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 Steves24 Sept 2026Review
XTB3.4 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 Steves7 Sept 2026Review
Eightcap3.4 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 Steves3 Sept 2026Review
BlackBull Markets3.3 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 Steves13 Sept 2026Review
Equiti3.2 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 Steves30 Sept 2026Review
GO Markets3.2 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 Steves26 Sept 2026Review
Global Prime3.0 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 Steves27 Sept 2026Review
TMGM3.0 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 Steves25 Sept 2026Review
Admirals3.0 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 Steves8 Sept 2026Review
HFM3.0 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 Steves2 Sept 2026Review
IronFX2.8 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 Steves3 Oct 2026Review
ATFX2.5 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 Steves29 Sept 2026Review
Deriv2.5 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 Steves29 Sept 2026Review
AvaTrade2.5 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 Steves20 Sept 2026Review
ThinkMarkets2.5 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 Steves5 Sept 2026Review

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.