Independent forex broker comparison·Data checked Trading is risky. Most retail CFD accounts lose money.
EUR/USD typical
Interactive Brokers0.1+$4OANDA0.1+$5HFM0.0+$6Vantage0.0+$6Exness0.0+$7FOREX.com0.0+$7FP Markets0.1+$6CMC Markets0.7pipsIC Markets0.1+$7XM0.1+$7tastyfx0.8pipsPepperstone0.1+$7Saxo0.8pipsIG0.9pipsAvaTrade0.9pipsXTB0.9pipsOcta0.9pipseToro1.0pipsCharles Schwab1.2pipsPlus5001.3pips

All reviews

Forex broker reviews 2026

In-depth, data-led reviews of 20 forex and CFD brokers. Every review covers regulation, spreads and commissions, platforms and who the broker suits best.

By the FXBroker research desk · Updated · Advertiser disclosure

#BrokerScoreEUR/USDRaw / lotMin. dep.RegulatorsPlatformsLinks
01 IGTraders who want the biggest market range and top-tier safety 4.8 0.9pips n/a $0 FCAASICBaFin+5 MT4TradingView VisitReview
02 Interactive BrokersProfessional and multi-asset traders 4.7 n/a $5all-in $0 SECFINRACFTC+7 Own platform VisitReview
03 CMC MarketsForex variety and charting on a proprietary platform 4.7 0.7pips n/a $0 FCAASICCIRO+4 MT4TradingView VisitReview
04 SaxoWealthier traders who want a bank-grade multi-asset platform 4.6 0.8pips n/a $0 Danish FSAFCAASIC+4 TradingView VisitReview
05 PepperstoneActive traders who want tier-1 regulation and raw pricing 4.6 1.1pips $8all-in $0 ASICFCACySEC+4 MT4MT5cTraderTradingView VisitReview
06 Charles SchwabExisting Schwab clients and thinkorswim fans 4.5 1.2pips n/a $0 SECFINRACFTC+1 Own platform VisitReview
07 XTBEuropean beginners who want a polished platform 4.5 0.9pips n/a $0 KNFFCACySEC+3 Own platform VisitReview
08 FOREX.comUS traders who want MT4/MT5 and strong research 4.5 1.4pips $7all-in $100 CFTCNFAFCA+4 MT4MT5TradingView VisitReview
09 FP MarketsLow-cost cTrader and TradingView trading 4.4 1.0pips $7all-in $100 ASICCySECFSCA+3 MT4MT5cTraderTradingView VisitReview
10 IC MarketsScalpers and algo traders who want raw spreads 4.4 0.8pips $8all-in $200 ASICCySECFSA (Seychelles)+1 MT4MT5cTraderTradingView VisitReview
11 tastyfxUS forex traders who want low spreads 4.4 0.8pips n/a $0 CFTCNFA MT4TradingView VisitReview
12 OANDAUS beginners and API traders 4.3 1.4pips $6all-in $0 CFTCNFAFCA+4 MT4TradingView VisitReview
13 AvaTradeBeginners who want fixed-style spreads and vanilla FX options 4.3 0.9pips n/a $100 CBIASICFSCA+4 MT4MT5 VisitReview
14 VantageRaw ECN pricing with TradingView 4.2 1.2pips $6all-in $50 ASICFCACIMA+2 MT4MT5TradingView VisitReview
15 eToroCopy trading and social investing 4.2 1.0pips n/a $50 FCACySECASIC+2 Own platform VisitReview
16 XMBeginners funding a small first account 4.1 1.6pips $8all-in $5 CySECASICDFSA+2 MT4MT5 VisitReview
17 HFMAfrican and Asian traders who want local payments 4.1 1.4pips $6all-in $0 FCACySECFSCA+4 MT4MT5 VisitReview
18 ExnessInstant withdrawals and very high leverage 4.1 1.0pips $7all-in $10 FCACySECFSCA+3 MT4MT5 VisitReview
19 Plus500Simple CFD trading on a clean app 4.0 1.3pips n/a $100 FCACySECASIC+5 Own platform VisitReview
20 OctaSwap-free trading with a low minimum 3.9 0.9pips n/a $25 CySECFSCAMISA MT4MT5 VisitReview

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.

All reviews A–Z

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.