Risk Disclaimer

Risk warning

Trading forex and contracts for difference (CFDs) carries a high level of risk and can result in the loss of all of your deposited funds. These products are leveraged, which means a small market move can produce a large loss as well as a large gain. A majority of retail investor accounts lose money trading CFDs. You should not trade with money you cannot afford to lose.

**Last updated: 18 September 2026**

Leverage, margin and market risk

• Leverage multiplies both profits and losses, and losses can exceed your initial deposit where negative balance protection does not apply.
• Positions can be closed automatically if your margin level falls, potentially at a loss and without prior notice.
• Prices gap over weekends and news events; stop orders are not guaranteed to fill at your chosen level, and slippage, swaps, overnight financing and currency conversion all add to cost.
• Past performance, backtests, demo results and published performance records — including PAMM and strategy listings on this site — are not a reliable indicator of future results.

No investment advice

FXSpreadMeter is an independent comparison, review, education and tools site. We are not a broker and not a licensed adviser. Everything we publish is general information and research, not personal investment, tax or legal advice, and not a recommendation to trade or to use any specific broker, account type, manager or strategy. Consider your own objectives and circumstances, and take independent professional advice if you need it.

Broker data, spreads and rankings

Spreads, commissions, fees, leverage, platform features and regulatory details change constantly. Figures shown on this site are the broker's published averages or advertised minimums, or values we have recorded from broker sources, and can be out of date or incomplete. Scores and rankings reflect our editorial weighting, not an objective measure of suitability. Always confirm current conditions directly with the broker before funding an account.

Market data

Quotes, charts and reference rates on this site come from third parties, including TradingView, MetalCharts and an ECB-based exchange-rate API. They are indicative only, may be delayed, and must not be relied on for trade execution or valuation.

PAMM, copy trading and managed accounts

Allocating money to a PAMM account, a signal provider or a copied strategy means accepting someone else's risk decisions. Listings on this site are moderated for completeness, not verified as an endorsement or a guarantee, and drawdowns can be severe. Check the manager's regulation, fee structure, historical drawdown and withdrawal terms yourself.

Affiliate and advertising disclosure

We earn affiliate commissions from some brokers when a visitor opens an account through our links, and we sell advertising placements. This never buys a review outcome, score or ranking position, and paid placements are labelled as advertising.

Jurisdiction and eligibility

Leveraged trading is restricted or prohibited in some countries, and some brokers we cover cannot legally accept clients from where you live. It is your responsibility to check local law and the broker's authorisation before applying.