Your filters, not our ranking
Compare forex brokers
Every other page on this site argues for an order. This one does not: pick the filters that matter to you and the table answers. Nine brokers, seven comparable fields, and an empty cell wherever a broker does not publish the figure — which is itself one of the more useful things to filter on.
Figures checked against each broker's own pages
Comparison table
| Broker | Cost per lot | Minimum deposit | Leverage | Platforms | Regulated by |
|---|---|---|---|---|---|
| AlpariRuns PAMM accounts rather than copy trading; licensed in the Comoros | 0.1 pips0.1 pips (ECN, no commission) | $30 (Micro) | up to 1:3000 | MT4, MT5, own platform | MISA (Comoros) |
| RoboForexCheapest entry and cheapest round turn here; the licence is Belize, with no statutory compensation scheme | 0.2 pips0.2 pips (Prime) | 10 USD | up to 1:2000 | MT4, MT5, own platform | FSC Belize |
| TickmillThe only broker here with a bonus that needs no deposit, and the strictest leverage cap | 0.6 pips0.6 pips (Raw) | 100 USD/EUR/GBP/PLN/CHF | 1:30 retail, 1:500 professional (EU entity) | MT4, MT5, TradingView, own platform | FCA, CySEC, FSCA, DFSA |
| FxProMost platforms of any broker here; crypto CFDs unavailable to retail clients of the UK entity | 0.7 pips0.7 pips (Raw+, at the stated maximum commission) | No fixed minimum ($1,000 recommended) | 1:500 on the accounts page | MT4, MT5, cTrader, TradingView, own platform | FCA, FSA Seychelles, SCB Bahamas |
| LiteFinanceHolds a CySEC licence that does not serve EEA residents — those accounts go to the St Vincent company | not published0.0 points plus commission from $0.25 per lot — range not published | $50 | 1:1000 | MT4, MT5, cTrader, own platform | SVG, CySEC, FSC Mauritius |
| DerivDerived Indices trade at weekends and exist nowhere else; specification loads ten rows at a time | not publishedNot published as a figure | Not published | Not published as a single figure | MT5, cTrader, TradingView, own platform | MFSA, Labuan FSA, BVI FSC, VFSC, FSC Mauritius, Cayman, SVG |
| LibertexCommission-based pricing on its own platform; spreads are shown only after logging in | not publishedNot published outside the platform | 100 EUR first deposit | Not published outside the platform | own platform | CySEC |
| ForTradeSix licences including FCA, ASIC and CIRO — the widest regulatory footprint here, the least published pricing | not publishedNot published | Not published outside its markets | Not published | MT4, own platform | FCA, CySEC, ASIC, CIRO, FSC Mauritius, DFSA |
| BybitA crypto exchange; the CFD account is provided by Infra Capital rather than by Bybit | not published$6 per lot on forex, on an unpublished raw spread | Not published | up to 500:1 on forex | MT5, TradingView, own platform | FSC Mauritius, SVG |
Which filters actually change the answer
Cost per lot and the regulator behind the entity. Everything else on this table is a preference; those two are the ones that decide what a year of trading costs and what happens if the firm fails. Filtering to brokers with a supervised licence removes the cheapest entry on the list, and that trade-off is the whole comparison in miniature.
Platform filters are worth using only if you have a reason — an existing robot in MQL, a habit of charting on TradingView, a preference for cTrader's order book. Otherwise the terminal stops mattering after a fortnight while the account terms keep charging.
The filter people skip is “publishes its figures”. Four of the nine do not publish a comparable cost per lot at all: Deriv paginates its specification, Libertex shows spreads only inside the platform, ForTrade geo-gates its table, and Bybit gives a commission without the spread it sits on. That is not an accusation — it is a fact about how much you can know before depositing.
How these numbers were built
Every figure comes from the broker's own pages, read on 24 August 2026, and the working is shown on the pages where it was collected: entities and licence numbers on the regulated brokers page, spread and commission arithmetic on the lowest-spread page, demo terms on the demo account page.
Cost per lot is our arithmetic rather than a broker's claim: one standard lot of EUR/USD is 100,000 euro, one pip on it is about $10, so a $6 round-turn commission is 0.6 pips and a 1.6-pip spread is $16. Spreads quoted “from” are a best case, not a promise.
Where a cell is blank, the broker does not publish the figure where we could read it. We leave those visible rather than filling them from someone else's review — an account condition is a statement about a named company, and only the company settles it.
Questions people ask
How should I compare forex brokers?
Start with the entity and its regulator, then total cost per lot, then whether the platform you need is there. Those three eliminate most of the field. Everything else — bonuses, education, the number of instruments — moves the decision far less than any of them.
Which is the cheapest broker in this table?
On published figures, RoboForex: 10 USD to open and about 0.2 pips to open and close a standard lot of EUR/USD on its Prime account. Its licence is Belize, which carries no statutory compensation scheme — the cheapest entry here is also the least protected.
Why do some cells say the figure is not published?
Because the broker does not state it anywhere we could read: Deriv's specification table paginates ten instruments at a time, Libertex shows spreads only inside its platform, ForTrade blocks its conditions page outside the countries it serves, and Bybit publishes a per-lot commission without the underlying spread.
Does a stricter regulator mean a worse deal?
Usually a tighter one. European and UK entities cap retail leverage at 30:1 and cannot offer bonuses, while offshore entities of the same brands offer 1:2000 or more and run the promotions. What the strict entity adds is a compensation scheme — up to £85,000 in the UK, at most €20,000 in Cyprus.
Can I trust a comparison table like this one?
Check it. Every figure here is taken from the broker's own pages and the arithmetic behind the cost column is published on our spreads page. If a comparison does not tell you where a number came from, it is not a comparison — it is a ranking with a table drawn around it.
The arithmetic behind the cost column is shown in full on what a trade actually costs, and the entities behind the regulator column on regulated forex brokers. The order we run these checks in, and why, is on how to choose a forex broker.
Why nobody here is called the best in the world, and what that phrase hides, is on top forex brokers in the world.