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Forex brokers

Compare forex brokers that offer all seven major currency pairs and at least 20 pairs in total, ranked by overall rating.

ByFlorian FendtUpdated10 November 2026How we test
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Best brokers

  1. Capital.com

    cost-conscious traders who want commission-free CFDs and learning resources
    Overall score
    4.8/5
    Visit Capital.com
    65% of retail CFD accounts lose money.

  2. XM

    beginners and intermediate traders who value fast withdrawals and multilingual support
    Overall score
    4.6/5
    Visit XM
    80% of retail CFD accounts lose money.

  3. XTB

    traders who want a large instrument choice and low forex fees
    Overall score
    4.5/5
    Visit XTB
    77% of retail CFD accounts lose money.

  4. Plus500

    beginners who want an unlimited demo account and a user-friendly platform
    Overall score
    4.4/5
    Visit Plus500
    81% of retail CFD accounts lose money.

  5. ActivTrades

    traders who want low forex spreads and a choice of several platforms
    Overall score
    4.4/5
    Visit ActivTrades
    82% of retail CFD accounts lose money.

  6. FP Markets

    intermediate and experienced traders who want low forex commissions and many assets
    Overall score
    4.3/5
    Visit FP Markets
    70.7% of retail CFD accounts lose money.

  7. AvaTrade

    beginners and crypto traders who want 24/7 crypto trading and learning materials
    Overall score
    4.3/5
    Visit AvaTrade
    70% of retail CFD accounts lose money.

  8. IG

    traders who want a broad market choice from a long-established, listed broker
    Overall score
    4.3/5
    Visit IG
    74% of retail CFD accounts lose money.

  9. Fintana

    traders happy with a web platform and 24/7 multilingual support
    Overall score
    4.2/5
    Visit Fintana
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  10. Mirrox

    experienced traders who want high leverage and accept a web-only platform
    Overall score
    4.2/5
    Visit Mirrox
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  11. Finansero

    traders who want a proprietary platform with Autochartist and zero commissions
    Overall score
    4.0/5
    Visit Finansero
    86% of retail CFD accounts lose money.

  12. Tradit

    beginners who want zero commissions and five educational positions
    Overall score
    4.0/5
    Visit Tradit
    83% of retail CFD accounts lose money.

  13. ModMount

    traders who accept a proprietary web platform and want fast execution
    Overall score
    4.0/5
    Visit ModMount
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  14. Skadeva

    traders who want a web platform with tiered accounts and multilingual support
    Overall score
    4.0/5
    Visit Skadeva
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  15. Spova

    traders who prefer a browser-based platform and do not need MetaTrader 5
    Overall score
    4.0/5
    Visit Spova
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  16. Mitrade

    beginners who want low spreads, zero commissions and a modern platform
    Overall score
    3.7/5
    Visit Mitrade
    70% of retail CFD accounts lose money.

  17. Capex.com

    beginners who want a large stock CFD range and free trading tools
    Overall score
    3.5/5
    Visit Capex.com
    69.6% of retail CFD accounts lose money.

  18. Capitalix

    traders who accept a proprietary platform and want free deposits and withdrawals
    Overall score
    3.1/5
    Visit Capitalix
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  19. GBE brokers

    advanced forex and index traders who want tight spreads and fast execution
    Overall score
    3.1/5
    70.4% of retail CFD accounts lose money.

  20. Markets.com

    beginners who want free webinars, learning materials and trading tools
    Overall score
    3.1/5
    Visit Markets.com
    81.3% of retail CFD accounts lose money.

  21. TIOmarkets

    traders who accept offshore-only regulation in return for extra features
    Overall score
    2.5/5
    Visit TIOmarkets
    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  22. Admirals

    traders who want low spreads and fast order execution
    Overall score
    2.3/5
    Visit Admirals
    77% of retail CFD accounts lose money.

Forex brokers

  1. Capital.com4.8/5
  2. XM4.6/5
  3. XTB4.5/5
  4. Plus5004.4/5
  5. ActivTrades4.4/5
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Compare brokers

Compare brokers
BrokerCapital.comXMXTBPlus500ActivTrades
Rating4.8/54.6/54.5/54.4/54.4/5
Min. deposit$20$5$0$100$0
RegulationCySEC, FCA, ASIC, SCA, SCBCySEC, DFSA, FSC, FSCA, FSAFCA, KNF, CySEC, IFSCFCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCAFCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB
MarketsBonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, SharesCFDs, Commodities, Cryptocurrencies, Forex, Indices, Metals, SharesBonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, SharesAgriculture, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDsBonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
PlatformsMetaTrader 4, MetaTrader 5, TradingView, WebTrader, Web platform, Proprietary platformMetaTrader 4, MetaTrader 5, Mobile apps, Web platform, Proprietary platformWeb-based platforms, xStation 5, Web platform, Proprietary platformMobile apps, WebTrader, Web platform, Proprietary platformActivTrader, MetaTrader 4, MetaTrader 5, TradingView, Web platform, Proprietary platform
Account typesStandard account, Demo account, Islamic accountStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account, Islamic account, VIP accountStandard account, Demo account, Islamic account, VIP account
Open an accountVisit Capital.com65% of retail CFD accounts lose money.Visit XM80% of retail CFD accounts lose money.Visit XTB77% of retail CFD accounts lose money.Visit Plus50081% of retail CFD accounts lose money.Visit ActivTrades82% of retail CFD accounts lose money.

#1 Capital.com

Recommended for cost-conscious traders who want commission-free CFDs and learning resources

Pricing is spread-only, with no commissions on CFD trades and about 0.6 pips on EUR/USD. Education is a strong point, with a Learn Hub and in-platform tools. Verification checks can be time-consuming, and there is no copy trading.

Visit Capital.com65% of retail CFD accounts lose money.
Capital.com at a glance
Overall score
4.8/5
Min. deposit
$20
Regulation
CySEC, FCA, ASIC, SCA, SCB
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
Platforms
MetaTrader 4, MetaTrader 5, TradingView, WebTrader, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account
Read our Capital.com review

#2 XM

Recommended for beginners and intermediate traders who value fast withdrawals and multilingual support

Withdrawals on eligible methods can be instant, and support runs around the clock in many languages. Most accounts are commission-free, with spreads from 0.8 pips. Some users report reduced leverage and removed bonuses once they become profitable, and spreads can widen in volatile periods.

Visit XM80% of retail CFD accounts lose money.
XM at a glance
Overall score
4.6/5
Min. deposit
$5
Regulation
CySEC, DFSA, FSC, FSCA, FSA
Markets
CFDs, Commodities, Cryptocurrencies, Forex, Indices, Metals, Shares
Platforms
MetaTrader 4, MetaTrader 5, Mobile apps, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our XM review

#3 XTB

Recommended for traders who want a large instrument choice and low forex fees

More than 11,000 instruments cover real stocks, ETFs and CFDs, and forex fees are below average. Execution is fast across platforms. MetaTrader 4 and 5 are not supported, and high fixed costs for stocks weigh on small accounts.

Visit XTB77% of retail CFD accounts lose money.
XTB at a glance
Overall score
4.5/5
Min. deposit
$0
Regulation
FCA, KNF, CySEC, IFSC
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
Platforms
Web-based platforms, xStation 5, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our XTB review
Compare the top three side by side

Capital.com, XM, XTB

Compare brokers

#4 Plus500

Recommended for beginners who want an unlimited demo account and a user-friendly platform

A user-friendly interface, an unlimited demo account and a trading academy suit newcomers. There is no basic withdrawal fee, though banks or payment issuers may charge their own. Automated trading, scalping and hedging are not allowed, MetaTrader 4 is not offered, and an inactivity fee applies after three months.

Visit Plus50081% of retail CFD accounts lose money.
Plus500 at a glance
Overall score
4.4/5
Min. deposit
$100
Regulation
FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA
Markets
Agriculture, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDs
Platforms
Mobile apps, WebTrader, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our Plus500 review

#5 ActivTrades

Recommended for traders who want low forex spreads and a choice of several platforms

Forex spreads start from 0.5 pips on major pairs, and clients can pick ActivTrader, MetaTrader 4, MetaTrader 5 or TradingView. The instrument range is narrower than at larger brokers. Currency conversion and inactivity fees can add to costs.

Visit ActivTrades82% of retail CFD accounts lose money.
ActivTrades at a glance
Overall score
4.4/5
Min. deposit
$0
Regulation
FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
Platforms
ActivTrader, MetaTrader 4, MetaTrader 5, TradingView, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our ActivTrades review

#6 FP Markets

Recommended for intermediate and experienced traders who want low forex commissions and many assets

The Raw account has spreads from 0.0 pips with a commission of $6.00 per standard round lot. Deposits are free and the asset list is very large. Stock CFD fees are on the higher end, and the demo account closes after about 30 days without a login.

Visit FP Markets70.7% of retail CFD accounts lose money.
FP Markets at a glance
Overall score
4.3/5
Min. deposit
$100
Regulation
ASIC, CySEC, FSA
Markets
Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
Platforms
cTrader, IRESS, MetaTrader 4, MetaTrader 5, TradingView, Web platform, Proprietary platform
Account types
Standard account, Demo account, Islamic account, VIP account
Read our FP Markets review
Written byFlorian Fendt