Lowest cost
IC Markets
Raw EUR/USD around 0.1 pips plus $7 per lot on MT4/MT5, or $6 on cTrader.
4.4Visit
Forex broker comparison · 2026 edition
Compare forex brokers on the numbers that actually cost you money.
Spreads, commissions, regulation and platforms for 20 brokers, from IC Markets, XM and Exness to FOREX.com, OANDA, tastyfx, Interactive Brokers and Charles Schwab. Every broker is scored on the same published method.
- Brokers scored
- 20
- Score categories
- 6
- Head-to-heads
- 22
Start with where you live or how you trade
Forex broker comparison table
Filter by country, platform and deposit, or sort by cost. Every row links to a full review.
Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.
The spread is not the whole price
A “0.0 pip” account is never free. Raw-spread accounts charge a commission per lot, and commission-free accounts bake their fee into a wider spread. The fair comparison is the all-in cost of a round-turn lot, which is what the chart shows.
On one standard lot of EUR/USD, each pip is worth $10. A broker quoting 1.6 pips commission-free costs you $16 per lot; a raw account at 0.1 pips plus $7 commission costs $8. At ten lots a week that difference is over $4,000 a year.
Our picks by category
Safest all-rounder
IG
Fifty years in business, FTSE 250 listed and regulated by eight tier-1 authorities.
4.8Visit
Best in the US
tastyfx
IG Group’s US arm: spreads from 0.8 pips with TradingView and MT4, no minimum.
4.4Visit
Best for small accounts
XM
Open with $5, trade micro lots and learn from daily live webinars.
4.1Visit
Popular head-to-head comparisons
Side-by-side costs, regulation and platforms with a clear verdict.
How we score brokers
- 30%Trust & regulation
- 25%Fees & spreads
- 15%Platforms & tools
- 10%Markets & range
- 10%Ease of use
- 10%Research & education
Regulation carries the most weight because it decides what happens to your money if something goes wrong. Commercial relationships never change a score. Read the full methodology.
Frequently asked questions
What is the best forex broker?
In our 2026 scoring, IG ranks highest overall, Pepperstone is the best choice for active traders, IC Markets has the lowest all-in costs, IG is the safest all-rounder and tastyfx is the best choice for US residents. The right broker depends on your country, budget and trading style.
How do you compare forex brokers?
We score every broker on six weighted categories: trust and regulation (30%), fees and spreads (25%), platforms (15%), markets (10%), ease of use (10%) and research (10%). See our methodology.
Which forex brokers accept US clients?
Only CFTC-registered, NFA-member brokers can serve US residents. Of the brokers we track, these are tastyfx, FOREX.com, OANDA, Interactive Brokers and Charles Schwab.
Are IC Markets, XM and Exness regulated?
Yes. IC Markets is regulated by ASIC and CySEC, XM by CySEC, ASIC, DFSA and FSCA, and Exness by the FCA, CySEC and FSCA among others. Clients in many countries are onboarded to offshore entities with lighter protection, so check the entity on your account agreement.
What is a good spread for EUR/USD?
On a raw-spread account, 0.0 to 0.2 pips plus a commission of $6 to $7 per round-turn lot is very competitive. On commission-free accounts, anything under 1.0 pip is good.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.