Broker reviews
Forex broker reviews
9 forex broker reviews built the same way: every company of the brand, its regulator and licence number, published spreads and loss rates with check dates. Together they cover 70 companies. No review is based on a live account yet.
- 19 Oct 2026latest data check
Low Spread Brokers does not give personal investment advice.
Quick answer
What do these forex broker reviews tell you?
Which company of a brand would open your account, and what that company publishes: licence, leverage cap, negative balance protection, compensation scheme and loss rate. On our preliminary rating Pepperstone scores highest of the reviewed brokers (8.6/10) and eToro lowest (6.0/10).
- Each review shows which company serves which region, wherever the broker publishes it, and flags offshore ones.
- eToro and Interactive Brokers publish no EUR/USD spread in pips, so their costs are marked “not measured”.
- IC Markets has no UK company: its review says so in the regulation section.
- Research and support are not scored until we open live accounts.
All broker reviews
9 reviews in alphabetical order, with the main licence each broker publishes and the date its data was checked.
- eToro reviewFCA · 583263Data checked 19 Oct 20266.0
- IC Markets reviewASIC · AFSL 335692Data checked 19 Oct 20268.1
- IG reviewFCA · 195355Data checked 19 Oct 20268.0
- Interactive Brokers reviewSEC / CFTC · Not publishedData checked 19 Oct 20266.2
- OANDA reviewCFTC / NFA · NFA ID 0325821 (CFTC-registered FCM and RFED, NFA member)Data checked 19 Oct 20268.1
- Pepperstone reviewFCA · 684312Data checked 19 Oct 20268.6
- Saxo reviewDanish FSA · 1149Data checked 19 Oct 20267.4
- Vantage reviewFCA · 590299Data checked 19 Oct 20268.0
- XTB reviewKNF · Not publishedData checked 19 Oct 20267.2
At a glance · A–Z
Forex broker comparison, A–Z
What the table shows
Licence numbers as each broker publishes them (we have not yet matched them on the registers), which entity serves which country, and spreads with the date we copied them from the broker’s own pages.
How to use this table
Sort by score, spread or minimum deposit. Brokers with a review link to it; deposits stay in the broker’s own currency.
| Rank | Broker | Score | Min. deposit | EUR/USD spread from | Platforms | Account types | Max. leverage, retail | Actions | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Admirals (Admiral Markets)CySEC · FCA · FSA Seychelles · ASIC · FSCA | 7.8/10 | €100 | 0.0 pipsZero.MT5 · 19 Oct 2026 | MT4, MT5, proprietary | Standard, Raw, Islamic, Demo, Professional | Up to 1:30 (Trade.MT5 / Zero.MT5, retail) (CySEC) | Open accountUnpaid link | 74% of retail investor accounts lose money when trading CFDs with this provider (Admirals Europe Ltd). |
| 2 | AvaTradeCentral Bank of Ireland · ASIC · JFSA · ADGM FSRA · CySEC · FSCA · CMA Kenya · BVI FSC | 7.4/10 | $100 | 0.9 pipsRetail (fixed/variable not stated) · 19 Oct 2026 | MT4, MT5, TradingView, proprietary | Standard, Islamic, Demo, Copy, Professional | Open accountUnpaid link | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. | |
| 3 | CMC MarketsFCA · FCA · BaFin · ASIC · FMA · MAS · CIRO · DFSA | 7.9/10 | £0 | 0.0 pipsFX Active · 19 Oct 2026 | MT4, TradingView, proprietary | Standard, Raw, Demo, Spread betting, Professional | 1:30 (major FX; margin from 3.34%) (FCA) | Open accountUnpaid link | 69% of retail investor accounts lose money when trading CFDs with this provider (CMC Markets UK plc). |
| 4 | eToroFCA · CySEC · ASIC · FSA Seychelles · FSRA · MAS · SEC / FINRA · FinCENLicences and register check | 6.0/10 | Not published | Not measured | proprietary | Standard, Demo, Professional | 1:30 (major FX, retail) — eToro Responsible Trading Policy, entity not specified on page (FCA, CySEC) | Open accountUnpaid link | 55% of retail investor accounts lose money when trading CFDs with this provider (entity not named). |
| 5 | FP MarketsASIC · CySEC · FSCA · FSA Seychelles | 8.0/10 | $50 | 0.0 pipsRaw (MT4, EU) · 19 Oct 2026 | MT4, MT5, cTrader, TradingView, proprietary, Iress | Standard, Raw, Demo, Professional | up to 1:30 (Standard/Raw, retail) (CySEC) | Open accountUnpaid link | 74.51% of retail investor accounts lose money when trading CFDs with this provider (First Prudential Markets Ltd). |
Spreads as published by each broker, latest check 19 Oct 2026. Minimum deposits are shown in each broker’s own currency and are not converted.
Methodology v1 · preliminary scores
How we review forex brokers
Each review is a desk review of the broker’s published terms. We have not opened live accounts yet, so nothing in a review is a test result.
- 1Copy published termsSpreads, commission, deposits, platforms and account types from each broker’s own pages, each with its date (latest 19 Oct 2026).
- 2List the entitiesEvery licensed company of a brand, with the licence number the broker publishes. Matching each number on the regulator’s register is the next step.
- 3Score four criteriaCosts, platforms, regulation and accounts, 0–10 each, by a fixed formula. Research and support stay unscored until we test them.
- 4Apply this page’s ruleThe filter and sort written under the ranking heading. Ties are broken by the overall score.
Weights in the preliminary score
- Costs · 31%
- Regulation & safety · 31%
- Platforms · 19%
- Accounts & funding · 19%
- 19brokers scored
- 19 Oct 2026latest data check
What does not affect a score
Partner status and advertising. We have no affiliate or advertising agreements with brokers.
Published spreads behind the scores
| Checked | Quote | Spread |
|---|---|---|
| 19 Oct 2026 | EUR/USD, Trade.MT5 account, Admirals (Admiral Markets) | 0.5 pips |
| 19 Oct 2026 | EUR/USD, Retail (fixed/variable not stated) account, AvaTrade | 0.9 pips |
| 19 Oct 2026 | EUR/USD, FX Active account, CMC Markets | 0.0 pips |
Who is behind the scores
Who is behind the ratings
The ratings are written and checked by the Low Spread Brokers team, not by named individuals. Every figure in our broker data carries its source page and check date.
Low Spread Brokers team
Broker data, regulation, platforms and accounts
Records each figure with the page it came from and the date of the check, and maps which company serves which country.
About us
Broker data checked 19 Oct 2026Editorial policyHow we make money
Risk warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Low Spread Brokers does not give personal investment advice.
FAQ
Forex broker reviews: questions
Answers use the brokers’ published terms collected up to 19 Oct 2026. Terms change: check the broker’s own page before you trade.
Ask a questionWe cannot give personal investment advice.
1How do you review a forex broker?
We copy each company of the brand, its regulator, licence number, leverage cap and compensation scheme from the broker’s pages, then its published spreads, commission, minimum deposit, platforms, account types and loss rates, each with a check date. The 4 criteria scored from that data are costs, platforms, regulation and accounts, weighted 25%, 15%, 25% and 15%.
Data collected up to 19 Oct 2026
2Have you opened accounts with these brokers?
Not yet. All 9 reviews are based on terms published up to 19 Oct 2026, and the ratings are marked preliminary until we open live accounts and can score research, support, execution and withdrawals.
Data collected up to 19 Oct 2026
3Why does a review list so many companies?
Because a forex brand is a group of separately licensed companies, and the one that accepts residents of your country decides your protection. The 9 reviewed brokers list 70 companies between them, from Tier 1 regulators to offshore ones.
Data collected up to 19 Oct 2026
4Are the licence numbers verified?
All 70 licence entries are as each broker publishes them. We link the regulator’s register where the broker or the regulator provides one; matching every number on its register is still in progress, so search it yourself before you fund.
Data collected up to 19 Oct 2026
5Do brokers pay for reviews or ratings?
No. As of 20 Oct 2026 we have no affiliate or advertising agreements with brokers, and partner status is not an input to any score.
Data collected up to 19 Oct 2026
6How often are the reviews updated?
The broker data behind them was last checked on 19 Oct 2026. Each figure on a review carries its own check date, and the “What changed” list on each review records updates.
Data collected up to 19 Oct 2026