ForexHome / FOREX.com review / Alternatives
Alternatives
FOREX.com alternatives: 4 brokers to consider in 2026
Brokers worth comparing if FOREX.com is not the right fit, chosen for a specific reason each, using the same checked figures as our reviews.
Quick pick: in the US, OANDA is the other CFTC/NFA broker we review, with no US minimum deposit. Outside the US, Pepperstone offers raw pricing and more platforms.
FOREX.com alternatives compared
| Broker | Why consider it | Min deposit | Platforms |
|---|---|---|---|
| OANDA | The other CFTC/NFA broker we review for US forex, with no US minimum deposit | None in the US, UK and Australia | OANDA platform, TradingView, MT4, MT5 |
| Pepperstone | For non-US traders who want raw pricing and more platforms | $0 (minimum top-up $10) | Pepperstone platform, MT4, MT5, cTrader, TradingView |
| IG | For non-US traders who want an FCA-regulated broker with a long track record | $0 by bank transfer (IG International); cards from $50 | IG platform, MT4, ProRealTime |
| Interactive Brokers | Multi-asset account; it does not offer leveraged retail forex to US clients | No account minimum | Trader Workstation, IBKR Desktop, API |
Why people look for FOREX.com alternatives
FOREX.com's US account needs a $100 minimum deposit, and some traders prefer simple spread-only pricing or a broker outside the US. If that applies to you, one of the brokers below may suit you better. If not, see our full FOREX.com review.
The alternatives in detail
OANDA
Why consider it: The other CFTC/NFA broker we review for US forex, with no US minimum deposit.
Regulation: CFTC/NFA (US), FCA, ASIC, CIRO. EUR/USD: From 0.6 pips, spread-only (UK).
Watch out: Pricing is spread-only on standard accounts, so very active traders may find raw-plus-commission accounts elsewhere cheaper.
OANDA review · OANDA vs FOREX.com
Pepperstone
Why consider it: For non-US traders who want raw pricing and more platforms.
Regulation: ASIC, FCA, CySEC, SCB, DFSA, CMA, BaFin. EUR/USD: Razor from 0.0 pips (avg 0.1) + $3.50 per lot per side.
Watch out: TradingView is offered on the Razor account only.
IG
Why consider it: For non-US traders who want an FCA-regulated broker with a long track record.
Regulation: FCA, ASIC, DFSA. EUR/USD: From 0.6 pips, spread-only.
Watch out: MT5 and cTrader are not on its platform list, so EA traders who need MT5 should look elsewhere.
Interactive Brokers
Why consider it: A multi-asset account with pass-through FX pricing, for traders outside the US.
Regulation: FCA, Central Bank of Ireland, ASIC, CIRO and others. EUR/USD: From 0.1 pips + 0.20 bp of trade value ($2 minimum per order).
Watch out: Leveraged retail forex is not offered to US clients, and the $2 minimum commission makes small trades relatively expensive.
FAQ
What is the best alternative to FOREX.com?
In the US, OANDA is the other CFTC/NFA broker we review. Outside the US, Pepperstone suits frequent traders who want raw pricing, and IG suits traders who want a long FCA track record.
Is there a broker like FOREX.com for US traders?
Among the brokers we review, OANDA is the other one that accepts US retail forex clients.
How do I switch brokers?
Open and verify the new account first, close positions or let them expire at the old broker, withdraw your balance to the same method you deposited with, and keep statements for tax records.
Related
FOREX.com review · Is FOREX.com regulated? · Best forex brokers for US traders · Compare all 11 brokers
Forex and CFDs are leveraged products and most retail accounts lose money. Forex Awards may earn commissions from some links; see our affiliate disclosure. General information, not financial advice.