Ranked by our Forex Trader & Reviewer Laura West, who opens funded live accounts and places 100+ live orders per broker before publishing.
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22 forex brokers tested · Real funded accounts
One winner per vertical · region-aware ordering
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74% of retail CFD accounts lose money. How we earn →
74% of retail CFD accounts lose money. How we earn →
74% of retail CFD accounts lose money. How we earn →
| # | Broker | Score | Min Dep | Spread | Leverage | Visit |
|---|---|---|---|---|---|---|
| 1 | Exness | 9.3 | $10 | 0.0 pips | 1:Unlimited | Open → |
| 2 |  CMC Markets | 9.1 | $0 | 0.7 pips EUR/USD (spread-only) · 0.0 pips + $2.50/side (FX Active) | 1:30 (FCA/ASIC retail) · 1:500 (AU pro) | Open → |
| 3 | XM Group | 9.1 | $5 | 0.6 pips | 1:1000 | Open → |
| 4 |  IG Markets | 9.0 | $250 | 0.6 pips EUR/USD typical · 0.4 pip DMA shares CFD | 1:30 (FCA/ASIC/ESMA retail) · 1:222 (DFSA) · 1:25 (JFSA) · 1:500 (Pro) | Open → |
| 5 |  Pepperstone | 9.0 | $0 | 0.0 pips (Razor) · 1.0 pip (Standard) | 1:30 (FCA/ASIC/CySEC retail) · 1:500 (SCB Bahamas) | Open → |
| 6 |  Saxo Bank | 9.0 | $0 | 0.4 pip Classic · 0.2 pip Platinum · 0.1 pip VIP | 1:30 (FCA UK / ESMA / MAS / ASIC retail) · 1:50 (SFC Hong Kong retail) · 1:200 (Pro / Wholesale clients) | Open → |
| 7 |  FP Markets | 8.9 | $100 | 0.0 pips (Raw ECN) | 1:500 | Open → |
| 8 |  IC Markets | 8.8 | $200 | 0.0 pips (Raw) · 0.8 pips (Standard) | 1:500 (FSA SC) · 1:30 (ASIC/CySEC retail) | Open → |
| 9 | Vantage | 8.8 | $50 | 0.0 pips (Raw ECN) | 1:500 | Open → |
| 10 |  AvaTrade | 8.7 | $100 | 0.9 pips EUR/USD (Standard) · 0.6 pips USD/JPY | 1:30 (EU/UK/AU retail) · 1:400 (international entities) | Open → |
| 11 |  FxPro | 8.7 | $100 | 0.0 pips (Raw+) · 0.6 pips (Standard) | 1:30 (FCA/CySEC retail) · 1:500 (SCB Bahamas) | Open → |
| 12 |  OANDA | 8.7 | $0 | 1.2 pips Core EUR/USD · 0.4 pips Elite + commission | 1:50 (US CFTC) · 1:30 (FCA/ASIC retail) · 1:200 (BVI) | Open → |
| 13 |  Plus500 | 8.7 | $100 | 0.6 pips EUR/USD (dynamic) · all-in spread-only pricing | 1:30 (FCA/CySEC/ASIC retail) · 1:300 (DFSA pro) | Open → |
| 14 |  Tickmill | 8.6 | $100 | 0.0 pip Raw + $3 per side · 1.6 pip Classic commission-free | 1:30 (FCA/CySEC retail) · 1:500 (FSCA SA) · 1:1000 (FSA Seychelles, Labuan) | Open → |
| 15 |  Eightcap | 8.5 | $100 | 0.0 pip Raw + $7 round-turn commission · 1.0 pip Standard commission-free | 1:30 (ASIC/FCA/CySEC retail) · 1:500 (SCB Bahamas) | Open → |
| 16 |  Admiral Markets | 8.4 | $100 | 0.0 pips Zero account · 0.5 pips Trade.MT5 · 0.6 pips Trade.MT4 | 1:30 (FCA UK / ESMA / ASIC retail) · 1:500 (FSA Seychelles / AFSA Kazakhstan offshore) · 1:1000 (Pro / Wholesale tier on FSA Seychelles) | Open → |
| 17 |  FXTM | 8.4 | $10 | 0.0 pip Advantage + commission · 1.5 pip Advantage Plus commission-free | 1:30 (FCA/CySEC retail) · 1:1000 (FSC Mauritius) · 1:2000 (FSCA promotion tier on select pairs) | Open → |
| 18 |  Blueberry Markets | 8.2 | $100 | 0.0 pip Direct plus $7 round-turn · 1.0 pip Standard commission-free | 1:30 (ASIC retail) · 1:500 (VFSC offshore) | Open → |
| 19 |  Deriv | 7.8 | $5 | 0.6 pip EUR/USD on Standard · 0.2 pip on Synthetic Volatility 75 published floor | 1:30 (MFSA Malta retail / ESMA) · 1:1000 (Vanuatu and BVI offshore entities) · 1:500 (Labuan retail) | Open → |
| 20 |  eToro | 7.8 | $50 | 1.0 pips | 1:30 | Open → |
| 21 |  RoboForex | 7.6 | $10 | 0.0 pips (ECN) · 1.3 pips (Pro Standard) | 1:2000 (Pro / ECN, offshore retail) | Open → |
| 22 |  NAGA | 7.4 | $250 | 0.5 pips EUR/USD (Crypto+ raw) · 0.9 pips standard | 1:30 (CySEC retail) · 1:1000 (Capital Ltd offshore) | Open → |
Sorted by overall score. All affiliate links carry CFD risk disclosure — capital at risk.
Every broker on this list is tested on a funded live account. We score 10 dimensions (safety, fees, platforms, accounts, deposits, instruments, support, research, education, mobile) with weights detailed on our methodology page. No broker pays to be ranked higher. Some links earn us a commission — how we make money.
XM Group is the strongest entry-level forex broker for retail traders. The $5 minimum deposit, structured education library in 9 languages, and CySEC + ASIC + FCA + DFSA regulation breadth make it accessible without compromising safety.
Tier-1 regulators are FCA (UK), ASIC (Australia), CySEC (Cyprus / EU), DFSA (UAE), MAS (Singapore), JFSA (Japan), and FINMA (Switzerland). Tier-2 includes FSCA (South Africa) and CFTC (US). Offshore-only regulation (Belize, Vanuatu, St. Vincent) carries materially less investor protection.
Our Forex Trader & Reviewer Laura West opens a funded live account on every broker reviewed, places 100+ real orders across London, New York and Asian sessions, records actual spread and slippage data, runs full deposit and withdrawal cycles, and tests support response times before assigning scores.
Brokers regulated by tier-1 authorities with segregated client funds and negative balance protection are safe in the financial sense — your capital is protected from broker insolvency up to the local investor compensation threshold. CFD trading itself remains high-risk: 74–89% of retail accounts lose money according to FCA and CySEC published statistics.
The lowest minimum deposit among credible regulated brokers is $5 (XM Micro and Standard accounts). Exness opens at $10. FP Markets at $100. For meaningful position sizing in a Standard account, $200–500 is the practical entry point.
Ready to pick?
22 forex brokers tested by Laura West · Last updated June 2026
Risk warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89 % of retail investor accounts lose money when trading CFDs with this provider category. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
