Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
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Compare brokers to
find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.


Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

Select Brokers to Compare

How Are The Best Forex Brokers Scored?

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Most Compared Brokers in June 2026

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of traders, and with good reason. They excel in the areas that matter most to us:

  • Tier-1 Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your investment journey

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
Full Comparison
XTB
XM
CySEC, FCA
Regulators
CySEC, ASIC
500:1
Leverage
1000:1
xStation5
Platforms
MT4, MT5
0.8 pips
Min. Spread
0.6 pips
USD 0
Min. Deposit
USD 5
Full Comparison
HFM
Pepperstone
FCA, FSCA
Regulators
FCA, ASIC
2000:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 0
Min. Deposit
USD 0
Full Comparison
XM
FxPro
CySEC, ASIC
Regulators
FCA, CySEC
1000:1
Leverage
500:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.4 pips
USD 5
Min. Deposit
USD 100
Full Comparison

Top Overall Brokers by Broker Score

Unbiased Expertise

Independent, in-depth reviews and comparisons of all well-regulated Forex brokers, empowering you to make informed choices.

How we review
Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experience.

2026 Forex Brokers
Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

Our commitment
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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Forex Brokers in 2026

To identify the best forex brokers, we compiled a comprehensive list of all well-regulated brokers. We then ranked them based on their overall score, considering key factors such as regulation, trading conditions, platform quality, and customer support.

Swipe to scroll

Overall Rating
Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability.
Official Site
Click to visit the broker’s official website for more information and to open an account.
Min. Deposit
The minimum amount of money required to open an account with this broker.
Min. Spread
Trading Cost
Licenced by
Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading.
Accepts Traders from %s
Compare
Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side.
4.71
/ 5
Read Review
Visit Broker
80% of retail CFD accounts lose money
USD 0
0 pips
USD 7
FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex Brokers
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
4.32
/ 5
Read Review
Visit Broker
N/A of retail CFD accounts lose money
USD 3
0.10 pips
USD 7
Financial Services Conduct AuthorityThe Seychelles Financial Services AuthorityCapital Markets AuthorityBritish Virgin Islands Financial Services Commission
Financial Services CommissionJordan Securities CommissionJordan Securities Commission
4.43
/ 5
Read Review
Visit Broker
72.90% of retail CFD accounts lose money
USD 0
0 pips
USD 10
FCA Regulated Forex BrokersFinancial Services Conduct AuthorityFinancial Services CommissionThe Seychelles Financial Services Authority
Capital Markets Authority
4.45
/ 5
Read Review
Visit Broker
75.18% of retail CFD accounts lose money
USD 5
0.60 pips
USD 6
CySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services Commission
4.59
/ 5
Read Review
Visit Broker
76% of retail CFD accounts lose money
USD 100
0.90 pips
USD 9
ASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
4.08
/ 5
Read Review
Visit Broker
74% of retail CFD accounts lose money
USD 100
1 pips
USD 10
CySEC Regulated BrokersFinancial Services Conduct AuthorityFinancial Services Authority – St. Vincent & the Grenadines
4.39
/ 5
Read Review
Visit Broker
75% of retail CFD accounts lose money
USD 100
0.40 pips
USD 14
FCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex Brokers
Securities Commission of the Bahamas
4.60
/ 5
Read Review
Visit Broker
N/A of retail CFD accounts lose money
USD 100
0 pips
USD 6
ASIC Regulated BrokersFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthorityFinancial Services Commission
Capital Markets Authority
4.46
/ 5
Read Review
Visit Broker
70.81% of retail CFD accounts lose money
USD 200
0.10 pips
USD 8
CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasCapital Markets Authority
4.49
/ 5
Read Review
Visit Broker
78% of retail CFD accounts lose money
USD 0
0.80 pips
USD 7
CySEC Regulated BrokersFCA Regulated Forex BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
Pepperstone
4.7
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 0
Min. Spread
0 pips
Trading Cost
USD 7
Licenced by
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
Exness
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 3
Min. Spread
0.1 pips
Trading Cost
USD 7
Licenced by
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
HFM
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 0
Min. Spread
0.0 pips
Trading Cost
USD 10
Licenced by
regulatorregulatorregulatorregulator
regulator
Accepts Traders from %s
Visit Broker
Compare now
XM
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 5
Min. Spread
0.6 pips
Trading Cost
USD 6
Licenced by
regulatorregulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
AvaTrade
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 100
Min. Spread
0.9 pips
Trading Cost
USD 9
Licenced by
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
markets.com
4.1
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 100
Min. Spread
1 pips
Trading Cost
USD 10
Licenced by
regulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
FxPro
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 100
Min. Spread
0.4 pips
Trading Cost
USD 14
Licenced by
regulatorregulatorregulatorregulator
regulator
Accepts Traders from %s
Visit Broker
Compare now
FP Markets
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 100
Min. Spread
0.0 pips
Trading Cost
USD 6
Licenced by
regulatorregulatorregulatorregulator
regulator
Accepts Traders from %s
Visit Broker
Compare now
IC Markets
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 200
Min. Spread
0.1 pips
Trading Cost
USD 8
Licenced by
regulatorregulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
XTB
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
The minimum amount of money required to open an account with this broker.
USD 0
Min. Spread
0.8 pips
Trading Cost
USD 7
Licenced by
regulatorregulatorregulatorregulator
Accepts Traders from %s
Visit Broker
Compare now
FxScouts Podcast

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.

Listen Now!
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