Compare 145+ regulated brokers with real spreads, verified licenses, and expert ratings. Find your perfect trading partner.
| # | Broker | Rating | Trust | Spread | Min Deposit | Leverage | Regulation | Platforms | Action |
|---|---|---|---|---|---|---|---|---|---|
|
🥇
1
|
95%
|
0.1
pips
Raw/ECN
|
$200 | 1:500 |
ASIC
✓
|
MT4
MT5
cT
|
|||
|
🥈
2
|
96%
|
0.1
pips
Raw/ECN
|
$0 | 1:500 |
FCA
✓
|
MT4
MT5
cT
TV
|
|||
|
🥉
3
|
95%
|
0.2
pips
|
$1000 | 1:100 |
FCA
✓
|
MT4
|
|||
|
4
|
85%
|
0.1
pips
Raw/Variable
|
$1 | 1:Unlimited |
CySEC
|
MT4
MT5
|
|||
|
5
|
90%
|
0.1
pips
Raw/ECN
|
$100 | 1:500 |
FCA
✓
|
MT4
MT5
|
|||
|
6
|
96%
|
0.0
pips
Variable
|
$0 | 1:5 |
BaFin
✓
|
MT4
MT5
|
|||
|
7
|
88%
|
0.1
pips
Raw/ECN
|
$100 | 1:500 |
ASIC
✓
|
MT4
MT5
cT
|
|||
|
8
|
78%
|
0.0
pips
Raw/ECN
|
$0 | 1:500 |
ASIC
✓
|
MT4
MT5
cT
|
|||
|
9
|
80%
|
0.1
pips
Raw/ECN
|
$0 | 1:500 |
FMA
✓
|
MT4
MT5
cT
TV
|
|||
|
10
|
85%
|
0.5
pips
Variable
|
$100 | 1:500 |
CySEC
|
MT4
MT5
cT
|
|||
|
11
|
85%
|
0.1
pips
Raw/ECN
|
$50 | 1:500 |
ASIC
✓
|
MT4
MT5
TV
|
|||
|
12
|
95%
|
0.0
pips
Variable
|
$0 | 1:5 |
FCA
✓
|
MT4
MT5
|
|||
|
13
|
88%
|
0.8
pips
Variable
|
$1 | 1:500 |
FCA
✓
|
MT4
MT5
|
|||
|
14
|
85%
|
0.4
pips
Variable
|
$0 | 1:500 |
ASIC
✓
|
MT4
|
|||
|
15
|
85%
|
0.4
pips
Variable
|
$0 | 1:500 |
ASIC
✓
|
MT4
MT5
|
|||
|
16
|
80%
|
0.1
pips
Raw/ECN
|
$0 | 1:500 |
ASIC
✓
|
MT4
cT
|
|||
|
17
|
82%
|
0.1
pips
Raw/ECN
|
$100 | 1:500 |
ASIC
✓
|
MT4
MT5
TV
|
|||
|
18
|
82%
|
1.0
pips
Variable
|
$5 | 1:1000 |
CySEC
|
MT4
MT5
|
|||
|
19
|
92%
|
0.0
pips
Fixed
|
$0 | 1:5 |
FCA
✓
|
MT4
MT5
|
|||
|
20
|
92%
|
0.0
pips
Zero
|
$0 | 1:1 |
BaFin
✓
|
MT4
MT5
|
Compare up to 4 brokers side-by-side with our comparison tool
The best forex brokers for beginners offer low minimum deposits ($0-$100), comprehensive educational resources, unlimited demo accounts, and strong regulation. Top choices include eToro for social trading, XM for education, and Plus500 for simplicity. Look for brokers with negative balance protection and 24/7 customer support.
ECN/Raw spread brokers offer the lowest spreads starting from 0.0 pips on major pairs like EUR/USD. Top low-spread brokers include IC Markets (0.0 pips + $3.50 commission), Pepperstone (0.0 pips + $3.50), and LMAX Exchange. Note that raw spread accounts charge a commission per lot traded.
Look for brokers regulated by Tier-1 authorities: FCA (UK), ASIC (Australia), SEC/CFTC (USA), FINMA (Switzerland), or MAS (Singapore). Always verify the license number on the regulator's official register. Tier-1 regulated brokers offer investor compensation schemes, segregated client funds, and strict operational requirements.
Minimum deposits range from $0 to $10,000+ depending on the broker and account type. Many brokers like XM, Exness, and FBS offer $0-$5 minimum deposits. For serious trading, $100-$500 is recommended to properly manage risk with standard lot sizes. Professional accounts may require $10,000+.
MetaTrader 4 (MT4) is ideal for forex-focused traders with its vast library of indicators and EAs. MetaTrader 5 (MT5) offers more timeframes, economic calendar, depth of market, and support for stocks/futures. Choose MT4 for simplicity and forex focus, MT5 for multi-asset trading and advanced features.
We open live accounts and test execution, deposits, and withdrawals
All licenses verified on official regulator websites (FCA, ASIC, CySEC)
Spreads measured during London/NY sessions over 30 days
We analyze verified reviews and respond to user complaints