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Broker Comparison 2025

Find the right forex broker for your trading style

We compare spreads, regulation, minimum deposits and platform support across the top retail forex brokers — so you can focus on trading, not researching.

Last updated: May 2025 · 8 brokers reviewed
Broker EUR/USD Spread Min. Deposit MT4 MT5 cTrader Regulation Our Pick
PepperstoneASIC · FCA · CySEC
0.0
Razor (raw) account
 $200 ✓ ✓ ✓ Tier 1 Top Pick Open Account
IC MarketsASIC · CySEC · FSA
0.0
Raw Spread account
 $200 ✓ ✓ ✓ Tier 1 ECN Open Account
OANDAFCA · CFTC · ASIC
1.0
Standard account
 $0 ✓ ✓ – Tier 1 No Min Open Account
ExnessFCA · CySEC · FSCA
0.3
Raw account
 $10 ✓ ✓ – Tier 2 Low Entry Open Account
FP MarketsASIC · CySEC
0.0
Raw account
 $100 ✓ ✓ ✓ Tier 1 ECN Open Account
IG GroupFCA · ASIC · MAS
0.6
Standard
 $250 ✓ – – Tier 1 Established Open Account
XMASIC · CySEC · DFSA
1.6
Standard
 $5 ✓ ✓ – Tier 2 Bonuses Open Account
TickmillFCA · CySEC · FSCA
0.0
Pro account
 $100 ✓ ✓ – Tier 1 Low Cost Open Account
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Our top broker picks
In-depth summaries of the brokers we recommend most often.
Pepperstone
Best overall — ECN execution, 3 platforms, Tier 1 regulated
Top Pick
EUR/USD Spread
From 0.0
Commission
$3.50/lot
Min. Deposit
$200
Leverage
Up to 500:1
MT4 / MT5 cTrader TradingView FCA regulated ASIC regulated
Open Account →
IC Markets
True ECN pricing with raw spreads from 0.0 pips
ECN
EUR/USD Spread
From 0.0
Commission
$3.50/lot
Min. Deposit
$200
Leverage
Up to 500:1
MT4 / MT5 cTrader TradingView ASIC regulated
Open Account →
OANDA
No minimum deposit — ideal for beginners and US traders
No Min
EUR/USD Spread
From 1.0
Commission
No commission
Min. Deposit
$0
Leverage
Up to 50:1 (US)
MT4 / MT5 TradingView CFTC (US) FCA regulated
Open Account →
Exness
Start with just $10 — accessible spreads with instant withdrawal
Low Entry
EUR/USD Spread
From 0.3
Commission
Varies
Min. Deposit
$10
Leverage
Up to 2000:1
MT4 / MT5 Instant withdrawal FCA regulated
Open Account →
What to look for in a forex broker
The five things that actually matter when choosing a broker.
🏛️
Regulation
Only trade with a broker regulated by a Tier 1 authority — FCA (UK), ASIC (Australia), or CFTC (US). Tier 1 regulation means your funds are segregated and the broker is audited.
📊
Spreads and fees
Compare the all-in cost: spread + commission. A "0.0 spread" account with a $3.50/lot commission is often cheaper than a "1.0 spread" no-commission account at high volume.
🖥️
Platform support
Check the broker supports your platform — MT4, MT5, cTrader or TradingView. If you plan to get funded with a prop firm, make sure the broker and firm use the same platform.
⚡
Execution speed
Fast, consistent execution matters most for scalpers and news traders. ECN brokers like Pepperstone and IC Markets offer near-instant fills with minimal slippage.
💰
Withdrawals
Before depositing, check how long withdrawals take and what fees apply. Reputable brokers process withdrawals within 1–3 business days with no hidden charges.