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FXSpreadMeterFXSpreadMeter

Best brokers

Best Forex Brokers

The brokers with the strongest all-round FXSpreadMeter scores across regulation, trading costs, platforms, accounts and tools.

Compare these brokersAll brokers
How pricing works: spreads, commission, ECN & leverage
Three-dimensional dollar, euro, pound and yen symbols floating above a forex candlestick chart

4 brokers match this category

#01FP Markets logo

FP Markets

Top rated
4.4Shares and FX in one place

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.

9.3/ 10

FXSpreadMeter score

Spread
From 1.0 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.5
Platforms9.2
Regulation9.3
Trading tools9.2
ASICMT4MT5cTraderVerified 15 August 2026
Visit FP MarketsRegisterCompareReview
#02IC Markets logo

IC Markets

4.7Raw-spread trading

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.

8.9/ 10

FXSpreadMeter score

Spread
From 0.8 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.4
Platforms9.5
Regulation8.8
Trading tools9.5
ASICFSA (Seychelles)MT4MT5cTraderStructured data
RegisterCompareReview
#05XTB logo

XTB

4.4Traders who prefer a single proprietary platform

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.

8.7/ 10

FXSpreadMeter score

Spread
From 0.8 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs8.8
Platforms9.1
Regulation8.8
Trading tools8.6
FCAKNFIFSCxStation 5xStation MobileVerified August 2026
RegisterCompareReview
#09Pepperstone logo

Pepperstone

4.6Regulated multi-platform trading

Pepperstone is the pick when regulatory coverage matters as much as cost. The licence spread means most traders can be onboarded by a well-supervised entity without giving up raw pricing or platform choice. Expect conservative leverage if you sign up in the UK or Australia.

9.0/ 10

FXSpreadMeter score

Spread
From 1.0 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.0
Platforms9.3
Regulation9.6
Trading tools9.3
FCAASICDFSABaFinMT4MT5cTraderStructured data
CompareReview

Other categories

Top Rated BrokersLowest Spread BrokersBest ECN BrokersBest Brokers for BeginnersBest Brokers for ProfessionalsBest for ScalpingBest for Day TradingBest for Copy TradingBest for Algorithmic TradingBest Low Deposit BrokersBest Raw Spread AccountsBest Islamic Accounts

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.
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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.
View ProfileRegister
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.
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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.
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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.
View ProfileRegister
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.
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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.