Broker Reviews
Regulators, costs and platforms for 23brokers, side by side. Full reviews are marked; the rest are profiles built from each broker's published terms.
Scoring rubric and review process: Methodology.
Admirals
Min Deposit
$1
Spreads From
From 0.0 pips (Zero)
Leverage
Up to 1:30 (EU/UK retail) / 1:500 (offshore)
Platforms
MT4, MT5, MT WebTrader, Admirals Mobile
AvaTrade
Min Deposit
$100
Spreads From
From 0.9 pips
Leverage
Up to 1:30 (EU)
Platforms
MT4, MT5, AvaTradeGO, AvaOptions
CMC Markets
Min Deposit
$0
Spreads From
From 0.5 pips
Leverage
Up to 1:30 (retail) / 1:500 (pro)
Platforms
Next Generation, MT4, Mobile
Eightcap
Min Deposit
$100
Spreads From
From 0.0 pips
Leverage
Up to 1:500
Platforms
MT4, MT5, TradingView
eToro
Min Deposit
$50
Spreads From
From 1.0 pips
Leverage
Up to 1:30
Platforms
eToro Platform, eToro App
Exness
Min Deposit
$1
Spreads From
From 0.0 pips
Leverage
Unlimited (Pro)
Platforms
MT4, MT5, Exness Terminal
FBS
Min Deposit
$1
Spreads From
From 0.5 pips
Leverage
Up to 1:3000
Platforms
MT4, MT5
Forex.com
Min Deposit
$100
Spreads From
From 0.0 pips (Raw)
Leverage
Up to 1:50 (US) / 1:30 (EU/UK) / 1:400 (offshore)
Platforms
MT4, MT5, Web Platform, Mobile
FP Markets
Min Deposit
$100
Spreads From
From 0.0 pips
Leverage
Up to 1:500
Platforms
MT4, MT5, IRESS
FxPro
Min Deposit
$100
Spreads From
From 0.0 pips
Leverage
Up to 1:30 (EU)
Platforms
MT4, MT5, cTrader, Proprietary
HFM
Min Deposit
$0
Spreads From
From 0.0 pips (Zero)
Leverage
Up to 1:30 (EU/UK retail) / 1:1000 (offshore)
Platforms
MT4, MT5, Mobile
IC Markets
Min Deposit
$200
Spreads From
From 0.0 pips
Leverage
Up to 1:500
Platforms
MT4, MT5, cTrader
IG
Min Deposit
$0
Spreads From
From 0.6 pips
Leverage
Up to 1:30 (retail) / 1:222 (pro)
Platforms
IG Web Platform, MT4, ProRealTime, L2 Dealer, Mobile
Interactive Brokers
Min Deposit
$0
Spreads From
Institutional-grade
Leverage
Up to 1:50 (US FX) / 1:30 (EU retail)
Platforms
Trader Workstation (TWS), IBKR Mobile, Client Portal, GlobalTrader
OANDA
Min Deposit
$0 (no minimum)
Spreads From
From 0.6 pips
Leverage
Up to 1:50
Platforms
MT4, MT5, TradingView, Proprietary
Pepperstone
Min Deposit
$0
Spreads From
From 0.0 pips
Leverage
Up to 1:500
Platforms
MT4, MT5, cTrader, TradingView
Plus500
Min Deposit
$100
Spreads From
Competitive
Leverage
Up to 1:30 (EU)
Platforms
Proprietary WebTrader, App
Saxo Bank
Min Deposit
$0
Spreads From
From 0.4 pips
Leverage
Up to 1:30 (retail)
Platforms
SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
ThinkMarkets
Min Deposit
$0
Spreads From
From 0.0 pips (ThinkZero)
Leverage
Up to 1:30 (EU/UK retail) / 1:500 (offshore)
Platforms
MT4, MT5, ThinkTrader, Mobile
Tickmill
Min Deposit
$100
Spreads From
From 0.0 pips (Pro)
Leverage
Up to 1:30 (EU/UK retail) / 1:500 (offshore)
Platforms
MT4, MT5, Mobile
Vantage
Min Deposit
$50
Spreads From
From 0.0 pips
Leverage
Up to 1:500
Platforms
MT4, MT5, ProTrader
XM
Min Deposit
$5
Spreads From
From 0.6 pips
Leverage
Up to 1:1000
Platforms
MT4, MT5
XTB
Min Deposit
$0
Spreads From
From 0.5 pips
Leverage
Up to 1:30 (EU retail) / 1:500 (offshore)
Platforms
xStation 5, xStation Mobile
Prop firms
Prop firms sell evaluation challenges for a funded trading account; they do not open a brokerage account in your name and are not licensed as retail brokers, so they are not ranked against the brokers above.
FTMO
Entry price
From €79 (1-Step) / €89 (10K 2-Step)
Spreads From
From 0.0 pips
Leverage
Up to 1:100
Platforms
MT4, MT5, cTrader, DXtrade
FundedNext
Entry price
$59.99 (6K challenge)
Spreads From
From 0.0 pips
Leverage
Up to 1:100
Platforms
MT4, MT5
The5ers
Entry price
$95 (6K account)
Spreads From
From 0.5 pips
Leverage
Up to 1:30
Platforms
MT5
TopStep
Entry price
$49/mo (50K combine)
Spreads From
Exchange fees
Leverage
Futures leverage
Platforms
TSTrader, TradingView, NinjaTrader
Guides
- RBI Alert List cross-check – which brokers and prop firms listed here appear on the RBI list of unauthorised forex platforms
- How to get funded as a trader – prop-firm evaluations compared by drawdown room per dollar of fee