📖 How the top Forex brokers were ranked
The goal of this guide is to help you quickly narrow the field to reliable options. We compare key parameters: licenses/regulators, platforms, minimum deposit, and the current Trustpilot score. Always check the conditions available for your country and account type—features and limits can vary by jurisdiction.
Summary Table
| Broker | 📊 Platforms | 💰 Min. deposit | Trustpilot |
|---|---|---|---|
| FP Markets | MT4/MT5, cTrader, TradingView | $100 | 4.9 ★ (≈9 141) |
| IC Markets | MT4/MT5, cTrader | $200 | 4.8 ★ (≈46 756) |
| Exness | MT4/MT5, Exness Terminal | from $1 | 4.8 ★ (≈21 501) |
| Fusion Markets | MT4/MT5 | $0 | 4.8 ★ (≈4 009) |
| AvaTrade | MT4/MT5, WebTrader, AvaOptions | $100 | 4.7 ★ (≈10 667) |
| Blueberry Markets | MT4/MT5 | $100 | 4.7 ★ (≈2 923) |
| Trading 212 | Proprietary (Web/App) | $1 | 4.6 ★ (≈62 520) |
| Capital.com | Proprietary, MT4 | $20 | 4.6 ★ (≈13 049) |
| HFM (HF Markets) | MT4/MT5 | $5 | 4.6 ★ (≈2 281) |
| Pepperstone | MT4/MT5, cTrader, TradingView | $0 (recommended ~$200) | 4.5 ★ (≈3 084) |
Ranking & Short Profiles
1) FP Markets — transparent pricing and platform choice
A broker focused on clear pricing and stable order execution. Standard and Raw accounts with market‑derived spreads are available, plus support for expert advisors and copy trading, and a free VPS (virtual private server) when active. The lineup spans forex and CFDs (contracts for difference) on indices, commodities, stocks, and ETFs; education and analytics help newcomers ramp up while experienced traders work systematically.
- 🛡️ ASIC; CySEC
- 📊 MT4/MT5, cTrader, TradingView
- 💰 Min. deposit: $100
⭐ 4.9 / 5✅ Pros
- Transparent fees and tight spreads on Raw accounts.
- Wide choice of platforms and markets.
- EA support and VPS options for automation.
❌ Cons
- Commission applies on zero‑spread accounts.
- Some instruments are available only as CFDs.
2) IC Markets — low costs for active traders
Geared toward advanced traders: ECN (electronic communication network) infrastructure with market execution via a deep liquidity pool, high speed, and robust market depth in cTrader/MT5. Scalping and algorithmic strategies are supported, with VPS and integrations for automation. A strong choice if you care about spreads and execution at higher volumes.
- 🛡️ ASIC; CySEC
- 📊 MT4/MT5, cTrader
- 💰 Min. deposit: $200
⭐ 4.8 / 5✅ Pros
- Highly competitive spreads and fast execution.
- Depth of market and powerful tools in cTrader.
- Suitable for scalping and high‑frequency trading (HFT).
❌ Cons
- Commission on Raw accounts.
- Leverage limits for retail clients in some regions.
3) Exness — fast payouts and flexible accounts
Notable for convenient deposits and withdrawals, a wide range of local methods, and prompt processing. Offers standard and professional account types, a proprietary terminal alongside MT4/MT5, 24/7 support, and extensive educational materials. A good fit if stable payments infrastructure and flexible settings matter to you.
- 🛡️ FCA; CySEC
- 📊 MT4/MT5, Exness Terminal
- 💰 Min. deposit: from $1
⭐ 4.8 / 5✅ Pros
- Many local funding/withdrawal options.
- Low entry threshold—easy to start.
- 24/7 support and a clear knowledge base.
❌ Cons
- Conditions vary by region and account type.
- Professional margin settings require experience.
Fusion Markets — ultra‑low commissions
A discount model that prioritizes minimal costs and transparent commissions. No minimum deposit; expert advisors and copy trading are supported via the MetaTrader ecosystem. The focus is simplicity, honest pricing, and a reliable core toolset for traders optimizing costs.
- 🛡️ ASIC; VFSC
- 📊 MT4/MT5
- 💰 Min. deposit: $0
⭐ 4.8 / 5✅ Pros
- Among the lowest commissions on the market.
- Flexible start with no deposit requirement.
- Straightforward, transparent fee structure.
❌ Cons
- No proprietary advanced platform.
- Part of the regulation is in offshore jurisdictions.
Blueberry Markets — service‑first support
This smaller-scale broker stands out for strong customer service: fast responses, a personal approach, and a clear onboarding process. Its simple MetaTrader-based stack is complemented by educational materials and step-by-step guides for first trades. A good choice if support and a comfortable environment are priorities.
- 🛡️ ASIC; VFSC
- 📊 MT4/MT5
- 💰 Min. deposit: $100
⭐ 4.7 / 5✅ Pros
- Very responsive support.
- Clear conditions and straightforward verification.
- Clean MT4/MT5 implementation without bloat.
❌ Cons
- Fewer markets than larger brokers.
- No cTrader/TradingView for advanced scenarios.
AvaTrade — platform & education ecosystem
A robust proprietary ecosystem: the mobile AvaTradeGO and the specialized AvaOptions platform for options trading, plus classic MT4/MT5. A rich library of education and daily analysis supports discipline and planning. Spreads include part of the costs, making the final trade price easier to understand.
- 🛡️ CBI (IE); ASIC; BVIFSC; FSCA
- 📊 MT4/MT5, WebTrader, AvaOptions
- 💰 Min. deposit: $100
⭐ 4.7 / 5✅ Pros
- Proprietary apps plus MT4/MT5 in one stack.
- Dedicated options platform for advanced strategies.
- Plenty of high‑quality education and analysis.
❌ Cons
- Fees embedded in the spread—less suited to scalping.
- Leverage restrictions in some regions.
Trading 212 — “all‑in‑one”: investing & CFDs
Two product lines in one app: Invest for long‑term portfolios and CFD for active trading. Low entry threshold, intuitive interface, a clear fee structure, planning tools, and basic learning modules. Suitable for those who want to combine investing and trading without switching between services.
- 🛡️ FCA; CySEC
- 📊 Proprietary platform (Web/App)
- 💰 Min. deposit: $1
⭐ 4.6 / 5✅ Pros
- Investing and CFDs within a single account.
- Very low entry threshold and convenient UX.
- Portfolio planning and basic education.
❌ Cons
- Professional tools (Depth of Market, cTrader) unavailable.
- Product availability depends on region.
Capital.com — user‑friendly web interface & learning
A strong proprietary platform with a focus on UX and education: term explanations, risk tips, and built‑in help. MT4 integration provides a familiar workflow for experienced traders, and the low minimum deposit makes it easy to start. Suits those who value simplicity and a clean interface without extra layers.
- 🛡️ FCA; CySEC; ASIC; SCB
- 📊 Proprietary, MT4
- 💰 Min. deposit: $20
⭐ 4.6 / 5✅ Pros
- Very convenient interface with educational prompts.
- Broad market coverage in CFD format.
- Low entry threshold.
❌ Cons
- No cTrader/TradingView out of the box.
- CFD‑only model for most assets.
HFM (HF Markets) — flexible account types
Designed for a wide range of traders—from micro accounts for small sizes to zero‑spread accounts with commission. Supports automated trading and PAMM (managed‑account allocation)/copy strategies in dedicated programs, plus regular promos and bonuses in eligible regions. A good pick for gradual growth and testing different models.
- 🛡️ CySEC; FSCA; DFSA
- 📊 MT4/MT5
- 💰 Min. deposit: $5
⭐ 4.6 / 5✅ Pros
- Many account types, including micro.
- Support for automated trading and strategy copying.
- Flexible promotions in eligible regions.
❌ Cons
- Bonus programs not available everywhere.
- Fees and conditions differ by jurisdiction.
Pepperstone — tech‑driven ECN and platform choice
A tech‑driven broker focused on execution speed and low costs. Offers MT4/MT5, cTrader, and TradingView, as well as copy trading services—convenient for different styles. A transparent commission model on Razor accounts, robust infrastructure, and stability under load make the platform stand out for active trading.
- 🛡️ ASIC; FCA
- 📊 MT4/MT5, cTrader, TradingView
- 💰 Min. deposit: $0 (recommended ~$200)
⭐ 4.5 / 5✅ Pros
- Tight spreads and fast execution.
- Choice of three popular platforms.
- Support for copy trading and algorithms.
❌ Cons
- Commission on Razor accounts.
- Many assets are available only as CFDs.