Compare 50 expert-rated brokers side by side — spreads, fees, leverage and regulation. Sort and filter the table, then read our in-depth review of any broker before you open an account.
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A well-regulated, Sydney-founded multi-asset broker with some of the lowest raw ECN spreads in the industry and a 10,000+ instrument lineup across MT4, MT5, cTrader, and Iress.
Pepperstone is an ASIC/FCA-regulated Australian broker offering institutional-grade raw spreads, broad platform choice, and deep liquidity for retail forex and CFD traders.
CMC Markets is a London-listed, FCA-regulated veteran founded in 1989, offering 12,000+ CFDs on an award-winning proprietary platform alongside MT4/MT5 and TradingView, with competitive raw spreads via its FX Active account.
| Broker | Visit | ||||
|---|---|---|---|---|---|
FP MarketsSwap-free* #1 · low-cost ECN/raw-spread trading with a wide instrument range | 4.6 | 0.1 pips (raw/ECN) | $100 USD | 1:30–1:500 | Visit BrokerRead review |
PepperstoneSwap-free* #2 · low-cost raw-spread scalping and active forex trading | 4.5 | 0.1 pips (raw/ECN) | $10 | 1:30–1:500 | Visit BrokerRead review |
#3 · well-capitalised active forex and CFD traders who want a Tier-1 regulated, publicly listed broker with a wide instrument range and a polished proprietary platform | 4.4 | 0 pips (raw/ECN) | $0 | 1:30–1:500 | Visit BrokerRead review |
 IC MarketsSwap-free* #4 · Low-cost raw-spread scalping and algorithmic trading | 4.3 | 0.01 pips (raw/ECN) | $0 ; $200 suggested for institutional-grade pricing | 1:30–1:500 | Visit BrokerRead review |
 IGSwap-free* #5 · experienced multi-asset traders wanting a FTSE 100-listed, tier-1 regulated broker with unmatched platform and instrument breadth | 4.3 | 0.16 pips (raw/ECN) | £1 / $0 ; ~$250–$300 for card/PayPal deposits | 1:30–1:400 | Visit BrokerRead review |
 #6 · US-based and internationally regulated active traders who need multi-platform choice and broad instrument access under a tier-1 regulated, publicly-listed group | 4.3 | 0.1 pips (raw/ECN) | $100 | 1:30–1:400 | Visit BrokerRead review |
 #7 · institutional-grade multi-asset trading at the lowest transparent cost | 4.2 | 0.2 pips (raw/ECN) | $0 | 1:30–1:50 | Visit BrokerRead review |
XTBSwap-free* #8 · commission-free CFD and stock investing with a polished proprietary platform | 4.2 | 0.9 pips | $0 | 1:30–1:500 | Visit BrokerRead review |
TickmillSwap-free* #9 · cost-conscious forex scalpers and algo traders seeking tight raw spreads under strong Tier-1 regulation | 4.2 | 0.1 pips (raw/ECN) | $100 | 1:30–1:1000 | Visit BrokerRead review |
DukascopySwap-free* #10 · institutional-grade ECN access with Swiss bank-level safety | 4.1 | 0.2 pips (raw/ECN) | $100 ; $1,000 | 1:25–1:200 | Visit BrokerRead review |
GO MarketsSwap-free* #11 · multi-platform ECN trading for Australians and EU retail clients | 4.1 | 0.1 pips (raw/ECN) | $0 ; $10 for Micro account | 1:30–1:500 | Visit BrokerRead review |
EightcapSwap-free* #12 · cost-conscious active traders wanting MT4/MT5 or TradingView with tight raw spreads and solid regulatory coverage | 4.1 | 0.06 pips (raw/ECN) | $100 | 1:30–1:500 | Visit BrokerRead review |
 #13 · multi-asset professional and semi-professional traders wanting tier-1 regulation and breadth over ultra-low cost | 4.0 | 1 pips | $0 ; $200,000 ; $1,000,000 | 1:30–1:200 | Visit BrokerRead review |
#14 · Established active traders wanting a heavily regulated, broad-market broker with a polished proprietary platform | 4.0 | 1 pips | £0 | 1:30–1:400 | Visit BrokerRead review |
AvaTradeSwap-free* #15 · beginner and intermediate traders wanting a regulated, multi-platform broker with copy trading and strong education | 4.0 | 0.9 pips | $100 | 1:25–1:400 | Visit BrokerRead review |
ThinkMarketsSwap-free* #16 · multi-regulated ECN trading with a strong proprietary platform | 4.0 | 0.1 pips (raw/ECN) | $0 ; $500 | 1:30–1:500 | Visit BrokerRead review |
Capital.comSwap-free* #17 · beginner to intermediate retail traders wanting regulated, low-deposit, commission-free CFD access | 4.0 | 0.7 pips | $20 ; $50 via bank transfer | 1:30–1:300 | Visit BrokerRead review |
#18 · tax-efficient UK spread betting with broad small-cap stock access | 4.0 | 0.6 pips | £5 | 1:30–1:200 | Visit BrokerRead review |
Admirals (Admiral Markets)Swap-free* #19 · well-rounded retail traders wanting MT4/MT5 tools, real stock investing, and solid EU/UK regulation | 4.0 | 0.1 pips (raw/ECN) | $25 ; $100 ; $1 | 1:30–1:500 | Visit BrokerRead review |
SwissquoteSwap-free* #20 · regulated bank-grade safety with full investment product breadth | 4.0 | 1.7 pips | $1,000 | 1:30–1:400 | Visit BrokerRead review |
Fusion MarketsSwap-free* #21 · ultra-low-cost ECN forex trading for active and high-volume traders | 3.9 | 0.04 pips (raw/ECN) | $0 | 1:30–1:500 | Visit BrokerRead review |
 FxProSwap-free* #22 · multi-platform traders wanting Tier-1 regulation with raw-spread access | 3.9 | 0.3 pips (raw/ECN) | $100 | 1:30–1:500 | Visit BrokerRead review |
ActivTradesSwap-free* #23 · FCA-protected active forex/CFD traders wanting multi-platform access including TradingView | 3.9 | 1 pips | $0 | 1:30–1:400 | Visit BrokerRead review |
Trade NationSwap-free* #24 · transparent fixed-spread CFD trading under Tier-1 regulation | 3.8 | 0.6 pips | $0 | 1:30–1:500 | Visit BrokerRead review |
 OANDASwap-free* #25 · well-regulated beginner-to-intermediate forex trading with TradingView integration | 3.8 | 0.1 pips (raw/ECN) | $0 | 1:20–1:50 | Visit BrokerRead review |
VantageSwap-free* #26 · cost-competitive ECN trading under tier-1 regulation | 3.8 | 0.1 pips (raw/ECN) | $50 | 1:30–1:500 | Visit BrokerRead review |
#27 · skilled algo traders and strategy sellers seeking investor capital via the DARWIN ecosystem | 3.8 | 0.1 pips (raw/ECN) | $500 ; $10,000 | 1:30–1:200 | Visit BrokerRead review |
#28 · commission-free stock and ETF investing for retail/passive traders | 3.8 | 1.5 pips | $1 ; €10 | 1:2–1:30 | Visit BrokerRead review |
AxiSwap-free* #29 · MT4/MT5 traders wanting tier-1 multi-regulated raw-spread access with no minimum deposit | 3.8 | 0.1 pips (raw/ECN) | $0 | 1:30–1:500 | Visit BrokerRead review |
 XM (XM Group)Swap-free* #30 · high-volume retail traders and beginners who prioritise education and a low starting deposit | 3.7 | 0.1 pips (raw/ECN) | $5 | 1:30–1:1000 | Visit BrokerRead review |
HFM (HF Markets / HotForex)Swap-free* #31 · Multi-regulated MT4/MT5 trading with low entry cost and broad geographic reach | 3.7 | 0 pips (raw/ECN) | $0 ; $100 ; $500 | 1:30–1:1000 | Visit BrokerRead review |
Global PrimeSwap-free* #32 · low-cost ECN scalping under ASIC oversight | 3.7 | 0.1 pips (raw/ECN) | $0 | 1:30–1:500 | Visit BrokerRead review |
Hantec MarketsSwap-free* #33 · multi-regulated mid-cost CFD trading without scalping | 3.6 | 0.1 pips (raw/ECN) | $10 | 1:30–1:1000 | Visit BrokerRead review |
Markets.comSwap-free* #34 · beginner-to-intermediate traders wanting multi-regulated, commission-free CFD access with strong research tools | 3.6 | 1.3 pips | $100 | 1:30–1:300 | Visit BrokerRead review |
ATFXSwap-free* #35 · regulated multi-entity access with copy trading and education for intermediate traders | 3.6 | 0.1 pips (raw/ECN) | $500 ; $5,000 equity required for Edge; $10,000 for Raw/Premium | 1:30–1:400 | Visit BrokerRead review |
Plus500Swap-free* #36 · regulated CFD trading for beginners and casual retail traders who want simplicity over raw cost | 3.5 | 1.3 pips | $100 ; $200–$500 ; €50 in select EEA countries | 1:20–1:300 | Visit BrokerRead review |
Moneta MarketsSwap-free* #37 · ECN/raw-spread traders in South Africa, UAE, and Australia seeking competitive costs with multi-regulatory cover | 3.5 | 0.2 pips (raw/ECN) | $50 ; $20,000 | 1:30–1:1000 | Visit BrokerRead review |
eToroSwap-free* #38 · Social/copy trading beginners and multi-asset investors who want real stocks alongside CFDs | 3.5 | 1 pips | $50 ; $100 ; up to $10,000 . Swap-free accounts require $1,000 minimum. | 1:2–1:400 | Visit BrokerRead review |
LibertexSwap-free* #39 · transparent commission-only CFD trading for EU retail traders | 3.5 | 0 pips (raw/ECN) | €100 | 1:30 | Visit BrokerRead review |
ExnessSwap-free* #40 · low-cost high-volume scalping and day trading on offshore accounts | 3.4 | 0 pips (raw/ECN) | ~$10 ; ~$200 — varies by payment method and region | 1:30–1:2000 | Visit BrokerRead review |
FXCMSwap-free* #41 · Experienced algo traders and active forex traders wanting a proprietary platform under solid tier-1 regulation | 3.4 | 0.3 pips (raw/ECN) | $50 ; no stated minimum for bank wire | 1:30–1:400 | Visit BrokerRead review |
BlackBull MarketsSwap-free* #42 · ECN scalping and multi-platform traders outside the EU/UK who want tight raw spreads with maximum platform choice | 3.4 | 0.1 pips (raw/ECN) | $0 | 1:500 | Visit BrokerRead review |
easyMarketsSwap-free* #43 · beginner and intermediate traders who prioritise cost certainty via fixed spreads and proprietary risk-management tools | 3.3 | 0.3 pips (raw/ECN) | $25 ; ~$200 AUD | 1:30–1:2000 | Visit BrokerRead review |
NAGASwap-free* #44 · social and copy trading with broad multi-asset access under EU regulation | 3.2 | 1.7 pips | $50 ; $250 | 1:30–1:500 | Visit BrokerRead review |
Tradeview MarketsSwap-free* #45 · Experienced ECN traders wanting institutional platform breadth (MT4/MT5/cTrader plus professional terminals) with raw-spread access | 3.2 | 0.2 pips (raw/ECN) | $0 / $100 / $1,000 | 1:30–1:400 | Visit BrokerRead review |
FBSSwap-free* #46 · beginner and retail traders in emerging markets wanting ultra-low entry costs and high offshore leverage | 3.0 | 0 pips (raw/ECN) | $5 ; €10 ; €100 | 1:3–1:30 | Visit BrokerRead review |
RoboForexSwap-free* #47 · High-leverage offshore traders seeking raw ECN spreads and a massive stock/ETF instrument library | 3.0 | 0.1 pips (raw/ECN) | $10 | 1:300–1:2000 | Visit BrokerRead review |
FXTM (ForexTime)Swap-free* #48 · active forex traders in Africa and Asia seeking low ECN spreads with strong local payment support | 2.9 | 0.1 pips (raw/ECN) | $50 ; $200 | 1:30–1:3000 | Visit BrokerRead review |
EquitiSwap-free* #49 · Middle East and African traders seeking FCA-regulated access with Islamic account support | 2.9 | 0 pips (raw/ECN) | $0 ; $30 ; $100 — per Seychelles entity. Some third-party sources cite $500 for a different entity tier. | 1:30–1:2000 | Visit BrokerRead review |
Octa (formerly OctaFX)Swap-free #50 · EU/EEA retail traders who need swap-free accounts, low entry costs, and MT4/MT5 access under CySEC oversight | 2.6 | 1.3 pips | $25 | 1:30–1:1000 | Visit BrokerRead review |
Star ratings are FXMARE’s editorial assessment, not user reviews. Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Sort by rating, spread, minimum deposit or leverage using the column headers (or the sort control on mobile). “Visit Broker” links may earn FXMARE a commission, and sponsored placements are labelled — see the affiliate disclosure.
Typical EUR/USD spreads, commissions, swaps and any non-trading fees, compared on a like-for-like round-turn basis.
Quality and choice of platforms — MT4, MT5, cTrader, TradingView and proprietary terminals — plus mobile apps and charting.
Availability, languages, response times and the quality of help across live chat, phone and email channels.
Licences held, client-fund segregation, investor-compensation cover, company track record and complaint history.
The right broker depends on how you trade. Scalpers and EA users should prioritise raw ECN spreads and fast execution, while newer traders may value a low minimum deposit, a clean platform and strong support over the last fraction of a pip.
Always confirm regulation first. Brokers overseen by tier-1 regulators such as the FCA (UK) and ASIC (Australia) must segregate client funds and meet strict capital rules. CySEC, FSCA and FMA licences are credible too, but carry different protections — weigh them against the size of the balance you intend to hold. It also pays to understand leverage and margin before you fund an account.
Match the broker to your markets. If you trade forex, indices, commodities, crypto or stocks, use the asset filter above to surface brokers that cover them. Then read the full review for a detailed fees table, platform breakdown and our verdict.
