Headway
2.3🎁 $150 No Deposit Bonus
- Platforms
- Headway mobile app
Broker comparison · Live markets
Top 25 Forex Brokers 2026: Regulation, Spreads & Live Markets
We compared the 25 forex brokers our readers use most on regulation, trading costs, platforms and funding. Facts are checked against each broker's website and the regulators' own registers, and the market data below updates live.
Forex brokers ranked
| # | Broker | Our rating | Regulation | Min. deposit | Max leverage | Spreads from | Platforms | Links |
|---|---|---|---|---|---|---|---|---|
| 1 | Headway🎁 $150 No Deposit Bonus | 2.3 | Not regulated— | — | — | — | Headway mobile app | ReviewVisit |
| 2 | JustMarkets🎁 $30 Welcome Bonus | 3.0 | Top-tier + offshoreCySEC; Just Global Markets Ltd, Seychelles | €100 | 1:30 | 0.0 pips | — | ReviewVisit |
| 3 | RoboForex💵 Minimum Deposit $10 | 3.3 | Offshore regulatedFSC Belize. Member of the Financial Commission | — | up to 1:2000 | 0 points | MT4, MT5, R StocksTrader, R WebTrader, R Mo… | ReviewVisit |
| 4 | InstaForex⚡ Spreads from 0 pips | 2.5 | Offshore regulatedBVI FSC; Insta Global Ltd, St Vincent and the Grenadines | $1 | up to 1:5000 | 0 pips | Own desktop terminal, web trading platform,… | ReviewVisit |
| 5 | Admiral Markets💵 Minimum Deposit $10 | 3.9 | Top-tier + offshoreFCA, CySEC, FSA Seychelles | — | 1:30 on major FX pairs | — | MT4, MT5, MetaTrader WebTrader, Admirals Pl… | ReviewVisit |
| 6 | OctaFXCySEC entity for EU clients | 2.8 | Top-tier + offshoreCySEC, FSC Mauritius, FSCA Ltd, FSP 51913 – local intermediary), MISA… | — | — | — | MT5 | ReviewVisit |
| 7 | NordFXStart from $10 on MT4 Pro | 2.6 | Offshore regulatedFSC Mauritius; NordFX LTD, Saint Lucia | $10 | up to 1:1000 | 0.0 pips | MT4, MT5 | ReviewVisit |
| 8 | Hantec MarketsStart from $10, MT4, leverage to 1:500 | 2.9 | Top-tier + offshoreFSC Mauritius, FCA UK, FSA Seychelles Services Limited, listed on the… | $10 | up to 1:500 | 0.1 pips | MetaTrader 4 | ReviewVisit |
| 9 | IEXSDMA pricing from 0.1 pips | 2.5 | Not regulated— | $0–$30 | up to 1:2000 | 0.1 pips | MT4, MT5, WebTrader, MT4/MT5 mobile apps | ReviewVisit |
| 10 | DB InvestingRaw spreads from 0.0 pips, $10 deposit | 3.1 | Offshore regulatedFSA Seychelles, FSC Mauritius Limited, Investment Dealer licence GB25… | $10 | up to 1:2000 | 0.0 pips | MetaTrader 5 | ReviewVisit |
| 11 | XMDeposit bonus - check current terms | 3.6 | Top-tier + offshoreCySEC, DFSA, FSCA South Africa Ltd, FSP 49976), CMA Kenya, FSC Belize… | $5 | up to 1:1000 | — | MT4, MT5, XM App | ReviewVisit |
| 12 | IGWelcome cashback up to $2,500 - see T&Cs | 4.4 | Top-tier + offshoreFCA, BaFin, FINMA, ASIC and FMA, MAS, FSA Japan, CFTC/NFA, DFSA, FSCA… | No minimum for bank t… | up to 1:200 on EUR/USD | 0.6 points on EUR/USD | IG web platform, IG app, MT4, MT5, ProRealT… | ReviewVisit |
| 13 | AvaTradeCentral Bank of Ireland & ASIC licensed | 3.4 | Top-tier + offshoreCentral Bank of Ireland, ASIC, FSA Japan and FFAJ, CySEC, FSRA Abu Dh… | 100 in account base c… | up to 1:400 on forex … | — | AvaTrade WebTrader, AvaTrade App, MT4, MT5,… | ReviewVisit |
| 14 | FP MarketsRaw spreads from 0.0 pips | 4.2 | Top-tier + offshoreASIC, CySEC, FSCA South Africa Ltd, FSP 50926), CMA Kenya, FSA Seyche… | No platform minimum | up to 1:500 | 0.0 pips | MT4, MT5, cTrader, WebTrader, TradingView | ReviewVisit |
No match for this filter.
Leverage and protection depend on the legal entity you open your account with. Click a broker for the full breakdown by entity.
Overall rating
EUR/USD chart with RSI, MACD & EMA
Live forex cross rates
Broker reviews
JustMarkets
3.0🎁 $30 Welcome Bonus
- Min. deposit
- €100
- Leverage
- 1:30
- Regulation
- CySEC
RoboForex
3.3💵 Minimum Deposit $10
- Leverage
- up to 1:2000
- Regulation
- FSC Belize
- Platforms
- MT4, MT5, R StocksTrader, R WebTrader, …
InstaForex
2.5⚡ Spreads from 0 pips
- Min. deposit
- $1
- Leverage
- up to 1:5000
- Regulation
- BVI FSC
- Platforms
- Own desktop terminal, web trading platf…
Admiral Markets
3.9💵 Minimum Deposit $10
- Leverage
- 1:30 on major FX pairs
- Regulation
- FCA
- Platforms
- MT4, MT5, MetaTrader WebTrader, Admiral…
OctaFX
2.8CySEC entity for EU clients
- Regulation
- CySEC
- Platforms
- MT5
NordFX
2.6Start from $10 on MT4 Pro
- Min. deposit
- $10 (MT4 Pro)
- Leverage
- up to 1:1000
- Regulation
- FSC Mauritius
- Platforms
- MT4, MT5
Hantec Markets
2.9Start from $10, MT4, leverage to 1:500
- Min. deposit
- $10
- Leverage
- up to 1:500
- Regulation
- FSC Mauritius
- Platforms
- MetaTrader 4
IEXS
2.5DMA pricing from 0.1 pips
- Min. deposit
- $0–$30 (site gives both figures)
- Leverage
- up to 1:2000
- Platforms
- MT4, MT5, WebTrader, MT4/MT5 mobile apps
DB Investing
3.1Raw spreads from 0.0 pips, $10 deposit
- Min. deposit
- $10 (Standard/Raw/Cent); $5,000 (Pro)
- Leverage
- up to 1:2000
- Regulation
- FSA Seychelles
- Platforms
- MetaTrader 5
XM
3.6Deposit bonus - check current terms
- Min. deposit
- $5
- Leverage
- up to 1:1000
- Regulation
- CySEC
- Platforms
- MT4, MT5, XM App
IG
4.4Welcome cashback up to $2,500 - see T&Cs
- Min. deposit
- No minimum for bank transfer
- Leverage
- up to 1:200 on EUR/USD
- Regulation
- FCA
- Platforms
- IG web platform, IG app, MT4, MT5, ProR…
AvaTrade
3.4Central Bank of Ireland & ASIC licensed
- Min. deposit
- 100 in account base currency
- Leverage
- up to 1:400 on forex for professional c…
- Regulation
- Central Bank of Ireland
- Platforms
- AvaTrade WebTrader, AvaTrade App, MT4, …
FP Markets
4.2Raw spreads from 0.0 pips
- Min. deposit
- No platform minimum
- Leverage
- up to 1:500
- Regulation
- ASIC
- Platforms
- MT4, MT5, cTrader, WebTrader, TradingVi…
How we rank
Each broker is scored from 1 to 10 on five areas: regulation (which regulators supervise which legal entity), fees and spreads, trading platforms, the range of markets, and support and funding options. The overall star rating is the average of these scores.
Regulation weighs most for us: a licence from the FCA, ASIC, CySEC or another top-tier regulator offers far stronger protection than an offshore registration. Facts are checked against each broker's website and the regulators' own registers, and the check date is shown in every review.
RegulationFees & spreadsPlatformsMarketsSupport & funding
Frequently asked questions
How did you choose the top 25 forex brokers?
We combined the brokers our readers use most with the largest internationally regulated brokers, then scored each one on regulation, trading costs, platforms, markets and support. Facts are checked against the broker's website and the regulator's own register, and the date of the last check is shown in every review.
What is the safest type of forex broker?
A broker licensed by a top-tier regulator such as the FCA (UK), ASIC (Australia), CySEC (EU) or the NFA/CFTC (US) is safer than one licensed only offshore, because these regulators enforce client-money segregation and often compensation schemes. Check which legal entity your account would actually be opened with.
Which forex broker has the lowest spreads?
Raw or ECN accounts at brokers such as IC Markets, Pepperstone, Tickmill or FP Markets show spreads from 0.0 pips plus a fixed commission per lot. Standard accounts have no commission but wider spreads. Compare the “Spreads from” column and remember that average spreads are higher than the minimum.
What does leverage mean and how much should I use?
Leverage lets you open a position larger than your deposit, which magnifies both profits and losses. EU, UK and Australian retail clients are limited to 1:30 on major pairs; offshore entities offer much higher leverage. Beginners are better off with low leverage and small positions.
Are forex bonuses worth it?
A bonus can lower the cost of trying a broker, but the credit usually comes with trading-volume requirements and withdrawal rules. Top-tier regulators in the EU, UK and Australia do not allow bonuses for retail clients, so bonus offers come from brokers' international entities. Read the full terms before accepting one.
Risk warning: CFDs and forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Only trade with money you can afford to lose.