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FXSpreadMeterFXSpreadMeter

About

About FXSpreadMeter

FXSpreadMeter is an independent broker research project. We track licensing, real trading costs, platforms and account terms in a structured dataset, then publish the same seven-part assessment for every broker we cover.

Our methodology

Every broker is assessed against the same seven categories. Each is scored 0–10 from published broker documentation, regulator registers and live platform checks, then combined into one overall score. Scores are reviewed when a broker changes its pricing, entities or platform line-up.

  • Regulation

    Licensed entity, register checks, client-money segregation and compensation cover.

  • Costs

    All-in cost per trade: spread plus commission, with swaps and non-trading fees noted.

  • Platforms

    Order types, execution tooling, automation, charting and mobile parity.

  • Accounts

    Account tiers, minimum deposit, raw-spread options and swap-free availability.

  • Markets

    Breadth of FX pairs, indices, commodities, shares and other instruments.

  • Tools

    Research, analytics, copy trading, API access and risk-management features.

  • Support

    Channel coverage, response times, funding and withdrawal handling.

How we rate brokers

Ratings are editorial. A broker cannot buy a score, a rank or a badge. Advertising and affiliate arrangements are handled separately from research, and paid placements are always labelled.

Cost scoring uses all-in cost per trade — spread plus commission, with swaps noted separately — rather than headline “from” spreads. Regulation scoring looks at the specific entity a retail client is onboarded to, not just the group's best licence.

Where we cannot verify a figure, we say so rather than estimating. Data on this site is for research and is not investment advice.

Editorial policy

Reviews are written in-house. Brokers get no pre-publication approval and no right to edit conclusions; factual corrections are welcomed and logged.

Corrections and rating changes are made in the underlying dataset so every page that uses that figure updates at once. Commercial relationships are disclosed on every broker and review page.

Affiliate disclosure

FXSpreadMeter is free to use. Some brokers listed on this site pay us a commission when a reader opens an account through our links, and some also buy advertising placements such as banners or sponsored positions.

These commercial relationships never influence our scores or rankings. Every broker is assessed against the same published FXSpreadMeter methodology, whether or not a commercial relationship exists, and paid placements are always labelled as advertising or sponsored.

Commissions are paid by the broker, not by you, and do not change the spreads, fees or account terms you receive. If you believe a rating or a piece of information is wrong, tell us and we will check it and correct the underlying data.

Risk disclaimer

Risk Disclaimer: FXSpreadMeter provides general information, educational content, broker comparisons, market data, and analytical tools for informational purposes only. Nothing on this website constitutes financial, investment, trading, legal, tax, or other professional advice, nor should any information be considered a recommendation or solicitation to buy, sell, or trade any financial instrument.

Trading forex, CFDs, cryptocurrencies, and other leveraged financial products involves a high level of risk and may result in losses exceeding your initial investment. Past performance is not indicative of future results. Broker spreads, fees, commissions, regulations, leverage, and other trading conditions may change and can vary depending on your jurisdiction and account type.

Contact us

Corrections, data updates, press enquiries or partnership questions — use the form and we'll route it to the right person.

Partnerships & advertising
partners@fxspreadmeter.com

FXSpreadMeter Ratings

Top Rated Forex Brokers 2026

Compare highly rated brokers across trading costs, platforms, regulation and overall conditions.

FP Markets logo

Rank #1

FP Markets

Rating

8.8 / 10

Best for
Shares and FX in one place
Why it ranks here
FP Markets pairs raw-spread FX pricing with direct-market-access share dealing, so cost-sensitive traders and multi-asset investors can work from one account group. Five platform choices, ASIC oversight and no minimum deposit make it our strongest all-round pick this quarter.
IC Markets logo

Rank #2

IC Markets

Rating

9.4 / 10

Best for
Raw-spread trading
Why it ranks here
IC Markets is built around cheap execution rather than hand-holding. If you already know how you want to trade and value platform choice, the Raw Spread tier is one of the more compelling cost structures available. Read the entity disclosure carefully: the leverage headline you see may come from the offshore arm rather than the ASIC-regulated one.
XM Group logo

Rank #3

XM Group

Rating

8.6 / 10

Best for
New traders
Why it ranks here
XM is a sensible starting point rather than a cost leader. The tiny minimum deposit, deep education library and responsive support suit traders still finding their footing; once volume grows, the Standard account's spread-only pricing starts to look expensive next to raw-spread rivals.
eToro logo

Rank #4

eToro

Rating

8.4 / 10

Best for
Copy trading
Why it ranks here
eToro trades execution cost for accessibility. The social layer and multi-asset account are genuinely useful if you want to follow others or hold equities alongside FX, but active intraday traders will feel the spread and miss MetaTrader.
XTB logo

Rank #5

XTB

Rating

8.8 / 10

Best for
Traders who prefer a single proprietary platform
Why it ranks here
XTB is a listed international broker running its own xStation platform, with a research and education layer that suits traders who prefer one integrated interface.
Capital.com logo

Rank #6

Capital.com

Rating

8.4 / 10

Best for
Newer CFD traders who want guided tools
Why it ranks here
Capital.com combines a clean proprietary platform with MT4 access and an in-app learning layer aimed at newer CFD traders.

Affiliate disclosure: FXSpreadMeter may receive compensation from some broker partners when users register through links on our website. This does not guarantee a broker's suitability or performance. Trading involves significant risk.