The list
Which forex broker should you actually open an account with?
There is no single best forex broker — there is the one that fits what you trade, where you live and how you take money out. A scalper on major currency pairs and someone trading synthetic indices at the weekend need different things, and the account that suits one will quietly cost the other money. Below: what we compare, what each broker is genuinely good at, and where each one falls down.
Conditions last checked
Not a scored ranking. Every figure below comes from the broker's own published terms, with the page it was taken from on record. Blank cells are conditions we have not verified — we leave them empty rather than guess. The order of the rows is not a score: no scoring method has been published, so nothing here should be read as first place.
The brokers side by side
Conditions as each broker publishes them. Where a broker runs several legal entities, the figures belong to the entity named in the regulator column — that is the company that would hold your money, and the protection you get depends on it rather than on the brand. A broker only gets its own page here once we have gone through its terms in full.
| Broker | Min. deposit | Spreads | Leverage | Platforms | Regulated by |
|---|---|---|---|---|---|
| Deriv | — | — | — | Deriv MT5, Deriv Trader, Deriv cTrader | MFSA, Labuan FSA, BVI FSC, VFSC, FSC Mauritius, Cayman, SVG |
| LibertexListed only — no full review yet | 100 EUR (minimum first deposit) | — | — | — | CySEC |
| RoboForexListed only — no full review yet | 10 USD / 10 EUR | floating from 0 pips (Prime) | up to 1:2000 (Pro and ProCent) | MetaTrader 4, MetaTrader 5, R StocksTrader, RoboForex Trading Platform | FSC Belize |
| BybitListed only — no full review yet | — | — | — | MetaTrader 5 (Bybit TradFi / CFD account) | FSC Mauritius, SVG |
| ForTradeListed only — no full review yet | — | — | — | MetaTrader 4 and the proprietary Fortrader platform (web, desktop, iOS, Android) | FCA, CySEC, ASIC, CIRO, FSC Mauritius, DFSA |
| AlpariListed only — no full review yet | $30 (Micro) | from 0.0 pips (Pro ECN) | up to 1:3000 (ECN and Pro ECN) | MetaTrader 4, MetaTrader 5, Alpari desktop and mobile app | MISA (Comoros) |
| TickmillListed only — no full review yet | 100 (USD, EUR, GBP, PLN or CHF) | 0.0 pips (Raw) | 1:30 for retail clients, 1:500 for professional clients | MetaTrader 4, MetaTrader 5, WebTrader (Windows, macOS, Android, iOS) | FCA, CySEC, FSCA, DFSA |
| FxProListed only — no full review yet | no fixed minimum on the Standard account; FxPro recommends an initial deposit of 1,000 USD | floating FX spreads from 1.2 pips (Standard) | 1:500 | MetaTrader 4, MetaTrader 5, cTrader, FxPro WebTrader, TradingView, FxPro mobile app | FCA, FSA Seychelles, SCB Bahamas |
| LiteFinanceListed only — no full review yet | $50 | floating, from 0.0 points (ECN) | 1:1000 | MetaTrader 4, MetaTrader 5, LiteFinance platform, cTrader | SVG, CySEC, FSC Mauritius |
Scroll the table sideways →
1 of 9 brokers have a full review so far (Deriv). 8 are listed pending review.
What we check, and what we do not claim
This is an authored list, not a scored ranking: there is no formula behind the order, and we do not pretend otherwise. What there is: four things we check on every broker, each of them something marketing cannot fix, and a source under every figure. Anything unverified stays blank rather than getting a guess.
- 01
Total cost of a trade
Spread plus commission plus swap — not the headline spread on its own. A zero-spread account with a heavy per-lot commission can cost more than a standard one.
- 02
Getting money out
How long a withdrawal actually takes, which methods work in your country, and what the broker charges on top of the payment provider.
- 03
Which entity holds your money
Brokers operate several legal entities under different regulators. The protection you get depends on which one your account sits with, not on the brand.
- 04
What you can actually trade
Instrument counts are easy to inflate. What matters is whether the specific markets you want are there, and on what terms.
We earn a commission when you open an account through a link on this site. That is how the site is paid for, and it is why the method is published here rather than kept vague: you can check the ordering against the criteria yourself, and tell us when it does not hold.