Compare Forex Brokers 2024

Unbiased comparison of regulated brokers. Compare spreads, fees, platforms, and features.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70-80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Regulation:
Account Type:
Broker Regulation Min. Deposit EUR/USD Spread Platforms Demo Account Rating Action
FCA ASIC $250 0.6 pips MT4, ProRealTime, Web ✓
★ ★ ★ ★ ★ 4.8
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FCA CySEC $100 0.8 pips Proprietary, Mobile ✓
★ ★ ★ ★ ★ 4.3
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CySEC ASIC $5 1.6 pips MT4, MT5, Web ✓
★ ★ ★ ★ ★ 4.2
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FCA ASIC $200 0.0 pips* MT4, MT5, cTrader ✓
★ ★ ★ ★ ★ 4.7
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FCA CySEC $50 1.0 pips Proprietary, Mobile ✓
★ ★ ★ ★ ★ 4.4
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FCA CySEC $100 0.5 pips MT4, MT5, Supreme ✓
★ ★ ★ ★ ★ 4.5
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FCA CySEC $10 1.3 pips MT4, MT5 ✓
★ ★ ★ ★ ★ 4.1
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* Raw spreads account with commission. Standard accounts typically have higher spreads with no commission.

How We Evaluate Forex Brokers

Our broker evaluations are based on comprehensive testing and analysis of key factors that matter to traders. We maintain strict editorial independence and do not accept payment for rankings.

Regulation & Safety

We only feature brokers regulated by tier-1 authorities like FCA, ASIC, or CySEC. Client fund segregation and compensation schemes are verified.

Trading Costs

We analyze spreads, commissions, overnight fees, and hidden costs. Real trading accounts are used to verify advertised spreads.

Trading Platforms

Platform stability, features, charting tools, and mobile apps are thoroughly tested. We verify execution speed and slippage rates.

Education & Support

Quality of educational resources, customer support responsiveness, and availability of research tools are evaluated.

Account Features

Account types, minimum deposits, leverage options, and available trading instruments are compared across brokers.

User Experience

Account opening process, deposit/withdrawal methods, and overall user experience are tested with real accounts.

Choosing the Right Broker

Key Questions to Ask:

💡 Pro Tip: Start with a demo account to test the broker's platform and execution quality before committing real money. Most reputable brokers offer unlimited demo accounts.

Last updated: January 2024 | Reviews are updated monthly
Disclaimer: This comparison is for educational purposes. Always do your own research.