Safe and Low Cost Forex Brokers

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Expert-tested, low-costs, safe trading

 

 

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Boost your bankroll, not your risk.

 

 

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We only recommend licensed and financially regulated Forex brokers

FxScouts rates Forex Brokers based on our core editorial values of independence, honesty, and impartiality and our Broker Score and Trust Rating system allows you to assess a broker’s overall quality at a glance. Our mission is to give you the tools and knowledge to choose the best Forex broker for your trading success. 

Get Personalised Broker Recommendations

Use this wizard to find a broker that suits your wallet, experience and lifestyle

1. Your Trading Experience

2. How Often Do You Plan to Trade?

3. Your Starting Investment

4. Select Your Preferred Payment Method

Best Forex Brokers

We have thoroughly evaluated hundreds of forex brokers and we always incorporate the views of real traders when we make a recommendation. With our comprehensive guide, traders of all budgets and preferences will find a broker that fits their needs.

Pepperstone

Regulated and Trusted Globally

4.71
/ 5
Extensive Platform Variety
Review Visit
Exness

Ultra-Low Trading Costs

4.32
/ 5
Extensive Forex and Crypto Offerings
Review Visit
HFM

Best for Copy Trading

4.43
/ 5
Low Deposit, Low-Cost Accounts
Review Visit
XM

Beginner-Friendly Platform

4.45
/ 5
Low trading costs and minimum deposits
Review Visit
AvaTrade

Comprehensive Trading Tools & Platforms

4.59
/ 5
Extensive Asset Range with Unique Instruments
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markets.com

Comprehensive Trading Platform

4.08
/ 5
Extensive Asset Variety
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FxPro

Extensive Platform Variety

4.39
/ 5
Robust Regulation and Safety
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FP Markets

Low deposit, low-cost accounts

4.60
/ 5
Offers all major trading platforms
Review Visit
IC Markets

Great range of trading tools

4.46
/ 5
Lowest cost Raw Account
Review Visit
XTB

Low-Cost Trading with No Minimum Deposit

4.49
/ 5
Proprietary Award-Winning Trading Platform
Review Visit
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Unbiased broker reviews based on real world testing.

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About FxScouts
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Free access, transparent funding: we may earn commissions from our links.

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The Secret to Successful Trading

Forex trading is high-risk speculation. It can be profitable but may also lead to losses. Forex traders should select a trusted, regulated broker, learn the basics of Forex trading, and create a solid trading plan. It’s important to develop a risk management strategy, practice with a demo account, and stay updated on global financial news.

Best Forex Brokers

We’ve tested hundreds of Forex brokers to find the safest, low-cost, and reliable brokers. Compare fees, and features—trade smarter with expert insights!

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Quarterly Forex Market Reports

Discover the trends and risks shaping the Forex markets. Download our full quarterly reports here.

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Best Forex Brokers for Beginners in 2026

Explore the best Forex brokers for beginners, with user-friendly platforms, educational resources, and demo accounts.

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About FxScouts

FxScouts Group was founded in 2011 to help Forex traders get the best start to their trading careers. We review brokers, offer trading education, and issue warnings on scam brokers. We also host a weekly podcast, and our YouTube channel is full of helpful tips and discussions about the latest market events. Our editorial team maintains up-to-date reviews on 180+ brokers and uses local expertise to provide accurate information for traders in over 20 countries and regions.

FxScouts.com is wholly owned and operated by FxScouts Group AB. FxScouts Group AB is registered in Sweden and owns and manages all the brands and domains in the FxScouts network. Click through for more on our global presence.

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Position Size Calculator (Free)

Stop guessing. Enter your account size, risk %, stop-loss, and pair—get the exact lot size and pip value in seconds. Built for real trading across FX, indices, and commodities, it keeps risk per trade consistent and your capital protected.
Calculate Position Size Now

Most Compared Brokers in June 2026

Pepperstone
Tickmill
FCA, ASIC
Regulators
CySEC, FCA
500:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.0 pips
USD 0
Min. Deposit
USD 100
Compare
Exness
Pepperstone
FSCA, FSA-Seychelles
Regulators
FCA, ASIC
Unlimited:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0 pips
USD 3
Min. Deposit
USD 0
Compare
HFM
IC Markets
FCA, FSCA
Regulators
CySEC, FSA-Seychelles
2000:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.1 pips
USD 0
Min. Deposit
USD 200
Compare
XM
AvaTrade
CySEC, ASIC
Regulators
ASIC, FSCA
1000:1
Leverage
400:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.9 pips
USD 5
Min. Deposit
USD 100
Compare
AvaTrade
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
400:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
Compare
markets.com
Tickmill
CySEC, FSCA
Regulators
CySEC, FCA
1000:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
1 pips
Min. Spread
0.0 pips
USD 100
Min. Deposit
USD 100
Compare
FxPro
HF Markets
FCA, CySEC
Regulators
FCA, FSCA
500:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.4 pips
Min. Spread
0.0 pips
USD 100
Min. Deposit
USD 0
Compare
FP Markets
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
500:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
Compare
IC Markets
Pepperstone
CySEC, FSA-Seychelles
Regulators
FCA, ASIC
1000:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0 pips
USD 200
Min. Deposit
USD 0
Compare
XTB
Pepperstone
CySEC, FCA
Regulators
FCA, ASIC
500:1
Leverage
500:1
xStation5
Platforms
MT4, MT5
0.8 pips
Min. Spread
0 pips
USD 0
Min. Deposit
USD 0
Compare 

                

                    
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