10 brokers compared · 2026

The best forex trading platforms in 2026

A forex trading platform is the software you use to chart, place orders and manage risk. Most brokers offer MetaTrader 4 or 5, some add cTrader or TradingView, and a few build their own. These brokers scored highest on platform quality and choice in our tests. US residents should look at FOREX.com, Charles Schwab and tastyfx, which are CFTC-registered.

By the FXBroker research desk · Updated October 2026 · Advertiser disclosure

01PepperstoneWidest platform choice: MT4, MT5, cTrader and TradingView plus its own app, with Smart Trader Tools.
02SaxoSaxoTraderGO and SaxoTraderPRO, a bank-grade platform for larger accounts, plus TradingView.
03IGOne of the best web platforms and apps, plus MT4, ProRealTime, L2 Dealer and TradingView.
04FOREX.comMT4, MT5, TradingView and NinjaTrader alongside its own web platform, in the US and abroad.
05IC MarketsMT4, MT5, cTrader and TradingView side by side, on raw-spread pricing.
06CMC MarketsThe CMC Next Generation platform and app, plus MT4 and TradingView.
07Charles Schwabthinkorswim for US traders: hundreds of studies, thinkScript and paperMoney practice trading.
08FP MarketsFive platforms: MT4, MT5, cTrader, TradingView and Iress.
09Interactive BrokersTrader Workstation, IBKR Desktop and a full API for professional and systematic traders.
10tastyfxtastyfx web and app, MT4, TradingView and ProRealTime for US traders.

#	Broker	Score	EUR/USD	Raw / lot	Min. dep.	Regulators	Platforms	Links
01	PepperstoneActive traders who want tier-1 regulation and raw pricing	4.6	1.1pips	$8all-in	$0	ASICFCACySEC+4	MT4MT5cTraderTradingView	Visit Review
02	SaxoWealthier traders who want a bank-grade multi-asset platform	4.6	0.8pips	n/a	$0	Danish FSAFCAASIC+4	TradingView	Visit Review
03	IGTraders who want the biggest market range and top-tier safety	4.8	0.9pips	n/a	$0	FCAASICBaFin+5	MT4TradingView	Visit Review
04	FOREX.comUS traders who want MT4/MT5 and strong research	4.5	1.4pips	$7all-in	$100	CFTCNFAFCA+4	MT4MT5TradingView	Visit Review
05	IC MarketsScalpers and algo traders who want raw spreads	4.4	0.8pips	$8all-in	$200	ASICCySECFSA (Seychelles)+1	MT4MT5cTraderTradingView	Visit Review
06	CMC MarketsForex variety and charting on a proprietary platform	4.7	0.7pips	n/a	$0	FCAASICCIRO+4	MT4TradingView	Visit Review
07	Charles SchwabExisting Schwab clients and thinkorswim fans	4.5	1.2pips	n/a	$0	SECFINRACFTC+1	Own platform	Visit Review
08	FP MarketsLow-cost cTrader and TradingView trading	4.4	1.0pips	$7all-in	$100	ASICCySECFSCA+3	MT4MT5cTraderTradingView	Visit Review
09	Interactive BrokersProfessional and multi-asset traders	4.7	n/a	$5all-in	$0	SECFINRACFTC+7	Own platform	Visit Review
10	tastyfxUS forex traders who want low spreads	4.4	0.8pips	n/a	$0	CFTCNFA	MT4TradingView	Visit Review

Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.

Pepperstone

Widest platform choice: MT4, MT5, cTrader and TradingView plus its own app, with Smart Trader Tools.

4.6/5

Pepperstone matches IC Markets on cost while offering stronger tier-1 regulation, including the FCA and BaFin. Its Razor account delivers raw spreads with a low commission across MT4, MT5, cTrader and TradingView, and there is no minimum deposit.

Pros

Razor account with raw spreads and $7 round-turn commission
FCA, ASIC, CySEC and BaFin regulation
MT4, MT5, cTrader and TradingView

Cons

Product range is narrower than IG or Saxo
Not available to US residents

EUR/USD: 1.1 pips
Raw / lot: $8.0
Min. deposit: $0
Regulators: ASICFCACySECBaFin+3
Platforms: MT4, MT5, cTrader, TradingView

Saxo

SaxoTraderGO and SaxoTraderPRO, a bank-grade platform for larger accounts, plus TradingView.

4.6/5

Saxo is a licensed Danish bank offering more than 180 FX spot pairs, FX forwards and options, and over 70,000 instruments in total. Its SaxoTraderGO and PRO platforms are excellent, with pricing improving at higher account tiers.

Pros

Licensed bank with top-tier regulation
The widest forex range we track, plus FX options
Excellent professional platforms

Cons

No MetaTrader
Best pricing requires large balances

EUR/USD: 0.8 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: Danish FSAFCAASICMAS+3
Platforms: SaxoTraderGO, SaxoTraderPRO, TradingView

IG

One of the best web platforms and apps, plus MT4, ProRealTime, L2 Dealer and TradingView.

4.8/5

IG is the world’s largest CFD provider by revenue and one of the safest brokers you can choose. It offers 80+ forex pairs and more than 17,000 markets overall, with excellent platforms, research and education.

Pros

FTSE 250 listed, 50 years in business
Huge range of 17,000+ markets
Tight EUR/USD spreads from about 0.6 pips

Cons

MT5 and cTrader are not offered
Some fees on share CFDs and data subscriptions

EUR/USD: 0.9 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: FCAASICBaFinMAS+4
Platforms: IG Web, IG App, MT4, ProRealTime

FOREX.com

MT4, MT5, TradingView and NinjaTrader alongside its own web platform, in the US and abroad.

4.5/5

FOREX.com is owned by NASDAQ-listed StoneX and is one of the largest forex brokers in the United States. It offers 80+ currency pairs on its own platform, MT4, MT5, TradingView and NinjaTrader, with both spread-only and commission-based RAW pricing.

Pros

Owned by StoneX, a NASDAQ-listed financial services group
Wide platform choice including MT5 and TradingView
RAW pricing account for active traders

Cons

Standard account spreads are average
Forex only for US clients

EUR/USD: 1.4 pips
Raw / lot: $7.0
Min. deposit: $100
Regulators: CFTCNFAFCACIRO+3
Platforms: FOREX.com Web, FOREX.com App, MT4, MT5

IC Markets

MT4, MT5, cTrader and TradingView side by side, on raw-spread pricing.

4.4/5

IC Markets is one of the largest true-ECN style brokers by forex volume. Its Raw Spread account pairs near-zero EUR/USD spreads with a flat commission, and it supports MT4, MT5, cTrader and TradingView, which makes it a default choice for scalpers, EA users and high-volume day traders.

Pros

Raw spreads averaging around 0.1 pips on EUR/USD
MT4, MT5, cTrader and TradingView all supported
Fast execution suited to scalping and expert advisors

Cons

$200 minimum deposit is higher than XM or Exness
Limited in-house research and education

EUR/USD: 0.8 pips
Raw / lot: $8.0
Min. deposit: $200
Regulators: ASICCySECFSA (Seychelles)SCB (Bahamas)
Platforms: MT4, MT5, cTrader, TradingView

CMC Markets

The CMC Next Generation platform and app, plus MT4 and TradingView.

4.7/5

CMC Markets is a London-listed broker offering an unusually large range of 330+ currency pairs and crosses, competitive spreads from 0.5 pips on EUR/USD and the feature-rich Next Generation platform.

Pros

330+ forex pairs, the most of any broker we track
Tight spreads from 0.5 pips on EUR/USD
Next Generation platform with pattern recognition

Cons

No MT5 or cTrader
Platform depth can overwhelm beginners

EUR/USD: 0.7 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: FCAASICCIROMAS+3
Platforms: CMC Next Generation, CMC App, MT4, TradingView

Charles Schwab

thinkorswim for US traders: hundreds of studies, thinkScript and paperMoney practice trading.

4.5/5

Charles Schwab offers spot forex through the award-winning thinkorswim platform, inherited from TD Ameritrade. It is ideal if you already invest with Schwab and want to add currency trading without opening another account, though spreads are wider than forex specialists.

Pros

thinkorswim is one of the best charting platforms available
One login for stocks, options, futures and forex
Exceptional research and education

Cons

Wider spreads than tastyfx or Interactive Brokers
Forex requires a margin account and separate approval

EUR/USD: 1.2 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: SECFINRACFTCNFA
Platforms: thinkorswim Desktop, thinkorswim Web, thinkorswim Mobile

FP Markets

Five platforms: MT4, MT5, cTrader, TradingView and Iress.

4.4/5

FP Markets is an Australian ECN broker founded in 2005. Its Raw account charges $6 round turn with spreads from 0.0 pips, and it supports MT4, MT5, cTrader, TradingView and Iress for share trading.

Pros

Low $6 round-turn commission on Raw
Five platforms including cTrader and TradingView
ASIC, CySEC and FSCA regulation

Cons

Education is basic
Not available in the US or UK

EUR/USD: 1.0 pips
Raw / lot: $7.0
Min. deposit: $100
Regulators: ASICCySECFSCAFSA (Seychelles)+2
Platforms: MT4, MT5, cTrader, TradingView

Interactive Brokers

Trader Workstation, IBKR Desktop and a full API for professional and systematic traders.

4.7/5

Interactive Brokers gives retail traders institutional forex pricing: spreads from about 0.1 pips and a small commission based on trade value. It is also the most complete multi-asset broker available, but its professional platforms have a steeper learning curve.

Pros

Interbank spreads with very low commissions
Trade forex alongside stocks, futures, options and bonds
S&P 500 listed with the strongest regulatory profile

Cons

Trader Workstation is complex for beginners
No MetaTrader support

EUR/USD: No spread-only account
Raw / lot: $5.0
Min. deposit: $0
Regulators: SECFINRACFTCNFA+6
Platforms: Trader Workstation, IBKR Desktop, IBKR Mobile, Client Portal

tastyfx

tastyfx web and app, MT4, TradingView and ProRealTime for US traders.

4.4/5

tastyfx is the US forex arm of IG Group, rebranded from IG US in 2024. It offers 80+ currency pairs with competitive spreads, no minimum deposit and access through its own platform, MT4, TradingView and ProRealTime, all regulated by the CFTC and NFA.

Pros

Backed by IG Group, a publicly listed global broker
EUR/USD spreads from about 0.8 pips with no commission
TradingView, MT4 and ProRealTime support

Cons

Forex only: no stocks, indices or crypto
Available to US residents only

EUR/USD: 0.8 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: CFTCNFA
Platforms: tastyfx Web, tastyfx App, MT4, TradingView

How we chose these brokers

Platform choice: Which of MT4, MT5, cTrader, TradingView and proprietary platforms are available, and on which account types.
Charting & orders: Indicators, drawing tools, order types, one-click trading and risk tools such as guaranteed stops.
Mobile & web: Whether the app and browser platform can do everything the desktop version can.
Automation: Support for expert advisors, cBots, scripting or an API.

Scores use our standard methodology. Rankings on this page also weight the specific criteria above.

Frequently asked questions

What is the best forex trading platform?

It depends on how you trade. MetaTrader 4 and 5 are the most widely supported and best for expert advisors, cTrader suits manual traders who want depth of market, and TradingView is the strongest for charting. Pepperstone, IC Markets and FP Markets offer all of them; IG, Saxo and CMC Markets have the best in-house platforms.

Is MT4 or MT5 better for forex?

MT5 is newer and faster, with more timeframes, an economic calendar and more order types, but MT4 still has the largest library of expert advisors and indicators. Most brokers on this page offer both.

Which forex trading platform is best for beginners?

A simple broker-built platform such as the IG, eToro or Plus500 app is easier to learn than MetaTrader. Practise on a demo account first.

Can I use TradingView to trade forex?

Yes, if your broker is integrated with TradingView. Pepperstone, IC Markets, FOREX.com, OANDA, Saxo, CMC Markets and tastyfx are among the brokers that support trading from TradingView charts.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.