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FXSpreadMeterFXSpreadMeter

Comparison tool

Compare brokers on the terms that actually cost you money

Pick up to four brokers and read every field side by side. Filter by category, regulator and deposit, then sort by rating, spread or entry cost.

Category
Regulator
Max deposit
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Select brokers (3/4 selected · 11 shown)

Comparison

FP Markets logo
FP Markets
IC Markets logo
IC Markets
Overall rating
FP Markets4.4
IC Markets4.7
Pepperstone4.6
Overall score
FP Markets9.3/10
IC Markets8.9/10
Pepperstone9.0/10
Regulation
FP MarketsASIC
IC MarketsASIC, FSA (Seychelles)
PepperstoneFCA, ASIC, DFSA, BaFin, SCB, CMA
Pricing by account type
FP Markets
  • Standard·From 1.0 pipsCommission $0
  • ECN(Raw)·From 0.0 pipsCommission US$3/side (USD) or €2.75/side (EUR)
IC Markets
  • Standard·From 0.8 pipsCommission $0
  • ECN(Raw Pro+)·From 0.0 pipsCommission US$1.00/lot/side
Pepperstone
  • Standard·From 1.0 pipsCommission $0
  • ECN(Razor)·From 0.0 pipsCommission £2.25 per lot per side on MT4/MT5 (US$3.00 per side on cTrader; US$3.50 per side on the Pepperstone platform)
Minimum deposit
FP Markets$0
IC Markets$0
Pepperstone$0
Leverage
FP Markets1:30 for ASIC retail clients
IC Markets1:30 for ASIC retail clients; far higher under the Seychelles entity
Pepperstone1:30 for FCA and ASIC retail clients; higher under other group entities
Platforms
FP MarketsMT4, MT5, cTrader, TradingView, IRESS
IC MarketsMT4, MT5, cTrader, TradingView
PepperstoneMT4, MT5, cTrader, TradingView
Account types
FP MarketsStandard, Raw, IRESS (DMA)
IC MarketsStandard, Raw Spread (MT4/MT5), Raw Spread (cTrader), Raw Pro, Raw Pro+
PepperstoneStandard, Razor, Swap-free (region dependent)
Markets
FP MarketsForex, Share CFDs, Indices, Commodities, Crypto CFDs
IC MarketsForex, Indices, Commodities, Shares, Bonds, Crypto CFDs
PepperstoneForex, Indices, Commodities, Share CFDs, Currency indices, Crypto CFDs
Payment methods
FP MarketsBank transfer, Visa / Mastercard, Skrill, Neteller
IC MarketsBank transfer, Visa / Mastercard, PayPal, Skrill, Neteller
PepperstoneBank transfer, Visa / Mastercard, PayPal, Skrill, Neteller
Best for
FP MarketsShares and FX in one place
IC MarketsRaw-spread trading
PepperstoneRegulated multi-platform trading
Open an account
IC Markets4.7Review
Pepperstone4.6Review

Popular head-to-head comparisons

Trading conditions change often. Always confirm spreads, commissions and regulation with the broker’s own entity for your country before trading.

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.

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