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Forex Broker Reviews

Not sure where to start? See our best forex brokers shortlists for beginners, scalping, TradingView, MT5, the UK and Australia.

More reviews: IG, FxPro, eToro and OANDA.

Find a broker. Know what to check. Explore broker profiles, revisit historical award recognition and build a shortlist around the details that matter to you.

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/IC Markets
IC Markets

Raw pricing from 0.0 pips with a published commission, on MT4, MT5, cTrader and TradingView.

Founded
2007, Sydney
Minimum deposit
$0 (global accounts)
Platforms
MT4 · MT5 · cTrader · TradingView
Regulators
FSA · CySEC · ASIC · SCB
Terms checked
3 Nov 2026
PPepperstone
Pepperstone

No minimum deposit, Razor raw pricing and an FCA-authorised UK company.

Founded
2010, Melbourne
Minimum deposit
$0
Platforms
Own platform · MT4 · MT5 · cTrader · TradingView
Regulators
ASIC · FCA · CySEC · SCB
Terms checked
3 Nov 2026
IG
IG

FCA-regulated since 1974, with spread betting in the UK and CFDs.

Founded
1974, London
Minimum deposit
$0 by bank transfer (IG International)
Platforms
IG platform · MT4 · ProRealTime
Regulators
FCA · ASIC · DFSA
Terms checked
3 Nov 2026
FxPro
FxPro

MT4, MT5 and cTrader, with raw pricing from $3.50 per side.

Founded
1999, London
Minimum deposit
Not confirmed (standard)
Platforms
MT4 · MT5 · cTrader · TradingView
Regulators
FCA · SCB · FSA
Terms checked
3 Nov 2026
eToro
eToro

Social and copy trading on its own platform; spread-only forex pricing.

Founded
2007
Minimum deposit
$10 to $10,000 by region
Platforms
eToro platform and app
Regulators
FCA · CySEC · ASIC · FSA
Terms checked
3 Nov 2026
OANDA
OANDA

The only broker we review that accepts US forex clients.

Founded
1996
Minimum deposit
None in the US, UK and Australia
Platforms
OANDA · TradingView · MT4 · MT5
Regulators
FCA · CFTC/NFA · ASIC
Terms checked
3 Nov 2026
Eightcap
Eightcap

Raw pricing on MT4, MT5, TradingView and TradeLocker.

Founded
2015, Melbourne
Minimum deposit
$100
Platforms
MT4 · MT5 · TradingView · TradeLocker
Regulators
ASIC · FCA · CySEC · SCB · FSA
Terms checked
3 Nov 2026
✳ Exness
Exness

Raw and Zero accounts; most retail clients join an offshore entity.

Founded
2008
Minimum deposit
Varies by account and region
Platforms
MT4 · MT5 · Exness Terminal
Regulators
Offshore for most retail (FSA Seychelles)
Terms checked
3 Nov 2026
//XM
XM

$5 minimum on Standard and Ultra Low accounts, on MT4 and MT5.

Founded
Trading Point group
Minimum deposit
$5
Platforms
MT4 · MT5 · XM App
Regulators
CySEC (EU) · Belize (global)
Terms checked
3 Nov 2026
Showing all 9 reviewed brokers. Terms were checked on 3 Nov 2026 and can differ by country and legal entity.

A good review answers the difficult questions.

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Review methodology →
◯
Entity & protection

Who holds your account, and which rules apply in your country?

▤
All-in costs

What do spreads, commissions, financing and non-trading fees add up to?

▭
Everyday experience

Can you test the platform, contact support and understand withdrawals?

Before You Open An Account

Why aren't current ratings shown?+

This directory presents the historical collection. A live score should only appear alongside a dated review, its evidence and a published assessment method.

Where should I verify broker details?+

Check the broker's legal documents and the relevant regulator's official register. Confirm account fees, country eligibility and withdrawal rules for your specific entity.

How should I compare account types?+

Compare spreads, commissions, leverage and minimum deposit requirements for each account type. Make sure the terms match your trading plan and jurisdiction.

What should I check before funding?+

Review deposit and withdrawal methods, processing times, transfer fees and any minimum balance requirements before adding funds to your account.

Can I open a demo account first?+

Yes. Opening a demo account can help you test platform performance, execution and support before deciding whether to open a live trading account.

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