How We Rank Brokers
Our comprehensive methodology evaluates brokers across 5 key criteria
Safety & Regulation (30%)
Tier-1 regulatory oversight, fund protection, operational history
Trading Costs (25%)
Spreads, commissions, fees, and overall cost competitiveness
Platform & Tools (20%)
Trading platforms, charting, order types, mobile apps
Market Access (15%)
Instrument variety, execution quality, liquidity
Support & Service (10%)
Customer service, education, research quality
Top 10 Low-Spread Brokers
Built around pricing-focused roundups and brokers frequently highlighted for tight spreads.
CMC Markets
Often highlighted for consistently competitive spreads and overall trading experience.
Interactive Brokers
Known for competitive pricing and broad market access.
Tickmill
Regularly listed among low-cost forex brokers.
FP Markets
Popular for cost-focused accounts and strong execution.
IC Markets
Widely cited for ultra-competitive spreads on raw accounts.
Pepperstone
Competitive spreads, especially on raw-style accounts.
Capital.com
Strong low-cost positioning alongside an easy-to-use platform.
IG Group
Strong all-round broker with competitive pricing in many markets.
OANDA
Respected broker with transparent pricing and solid tools.
Best Brokers by Category
🥇 Best Overall
IG Group
Market leader with 50+ years experience, 17,000+ instruments, and top-tier regulation across multiple jurisdictions.
View Review →⚡ Best for Scalping
IC Markets
True ECN execution with ultra-low spreads from 0.0 pips and sub-40ms latency for professional scalpers.
View Review →📚 Best for Beginners
CMC Markets
Zero minimum deposit, excellent education, and intuitive platform perfect for new traders.
View Review →💎 Best Premium Service
Saxo Bank
Bank-level regulation with 40,000+ instruments and premium research for serious traders.
View Review →Complete Broker Comparison
Side-by-side analysis of key metrics for our top-rated brokers
| Rank | Broker | Rating | Min Deposit | EUR/USD | Regulation | Best For | Action |
|---|---|---|---|---|---|---|---|
| #1 | IG Group | 4.6/5 | $250 | 0.6 pips | FCA, ASIC | Overall | AI Match |
| #2 | IC Markets | 4.5/5 | $200 | 0.0 pips* | ASIC, CySEC | Scalping | AI Match |
| #3 | CMC Markets | 4.4/5 | $0 | 0.7 pips | FCA, ASIC | Beginners | AI Match |
| #4 | Saxo Bank | 4.4/5 | $10,000 | 0.9 pips | FCA, ASIC | Premium | AI Match |
| #5 | eToro | 4.3/5 | $50 | 1.0 pips | FCA, CySEC | Social Trading | AI Match |
| #6 | Pepperstone | 4.3/5 | $200 | 0.1 pips* | FCA, ASIC | Low Cost | AI Match |
| #7 | XTB | 4.2/5 | $250 | 0.8 pips | FCA, CySEC | User-Friendly | AI Match |
| #8 | OANDA | 4.2/5 | $0 | 1.2 pips | FCA, ASIC | Reliable | AI Match |
| #9 | Interactive Brokers | 4.1/5 | $0 | 0.2 pips* | FCA, SEC | Professional | AI Match |
| #10 | Plus500 | 4.1/5 | $100 | 0.8 pips | FCA, CySEC | CFD Trading | AI Match |
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Frequently Asked Questions
Common questions about choosing the best forex broker in 2025