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CommentFXBrokers

Forex broker rankings

The top eight

Every broker

Strongest on each thing

How each is scored
Rank brokers by
  1. 1PepperstoneASIC · FCA · BaFin · CySEC · DFSA · SCB-BS10.0
  2. =EightcapASIC · FCA · CySEC · SCB-BS · FSA-SC · FSC-MU · FSA-SVG10.0
  3. =ExnessFCA · CySEC · FSCA · FSA-SC10.0
  4. =XMCySEC · ASIC · FCA · DFSA · FSCA · FSC-MU · IFSC-BZ10.0
  5. =IC MarketsASIC · CySEC · FSA-SC10.0
  6. =FXTMFCA · CMA-KE · FSC-MU · FSCA10.0
  1. 1XM0.60 pips all-in on EUR/USD8.2
  2. 2Exness0.70 pips all-in on EUR/USD7.8
  3. 3IC Markets0.80 pips all-in on EUR/USD7.3
  4. 4Pepperstone0.85 pips all-in on EUR/USD7.1
  5. 5Eightcap0.90 pips all-in on EUR/USD6.9
  6. =FXTM0.90 pips all-in on EUR/USD6.9
  1. 1Exness4 methods · stated under an hour10.0
  2. =RoboForex4 methods · stated ~1h10.0
  3. 3Octa4 methods · stated ~6h9.2
  4. 4Eightcap4 methods · stated ~24h7.9
  5. =IC Markets4 methods · stated ~24h7.9
  6. 6Pepperstone3 methods · stated ~24h7.0
  1. 1Pepperstone6 platforms · ECN9.9
  2. =RoboForex6 platforms · ECN9.9
  3. 3Eightcap5 platforms · ECN8.8
  4. =IC Markets5 platforms · ECN8.8
  5. 5Octa5 platforms · MARKET7.8
  6. 6Exness4 platforms · MARKET6.7
1

Pepperstone

8.6
  • ASIC
  • FCA
  • BaFin

Four tier-1 and tier-2 licences with no offshore fallback entity

Cost 0.85Min $0Leverage 1:500
2

Eightcap

8.5
  • ASIC
  • FCA
  • CySEC

Raw pricing close to IC Markets at half the minimum deposit

Cost 0.90Min $100Leverage 1:500
3

Exness

8.5
  • FCA
  • CySEC
  • FSCA

Lowest entry of any tier-1 regulated broker and the fastest stated payout

Cost 0.70Min $10Leverage 1:2000
4

XM

8.3
  • CySEC
  • ASIC
  • FCA

Widest education programme in the directory; cost is mid-table

Cost 0.60Min $5Leverage 1:1000
5

IC Markets

8.2
  • ASIC
  • CySEC
  • FSA-SC

Tightest raw spread in the directory, if you can fund the $200 minimum

Cost 0.80Min $200Leverage 1:500
6

FXTM

8.0
  • FCA
  • CMA-KE
  • FSC-MU

Multilingual support across 20 languages; offshore fallback for most clients

Cost 0.90Min $10Leverage 1:1000
7

Octa

7.6
  • CySEC
  • FSA-SVG

Commission-free pricing, an unregulated catch-all entity, and a live money-laundering prosecution

Cost 0.90Min $25Leverage 1:1000
8

RoboForex

6.5
  • IFSC-BZ
  • CySEC
  • BaFin

Six platforms and 1:2000 leverage — on an offshore licence only

Cost 1.10Min $10Leverage 1:2000
9

Alpari

4.7
  • MISA

A 1998 brand now run from Comoros on a licence the country’s central bank calls fictitious

Cost 1.20Min $20Leverage 1:1000
10

LiteFinance

4.4
  • FSA-SVG
  • CySEC
  • FSC-MU

Built-in copy trading; no compensation scheme behind client money

Cost 1.30Min $50Leverage 1:1000

What a round turn costs

Cheapest first
BrokerEUR/USDCommission
XMmarket0.60 pipsnone
Exnessmarket0.70 pipsnone
IC Marketsecn0.10 pips$7 / lot
Pepperstoneecn0.15 pips$7 / lot
Eightcapecn0.20 pips$7 / lot
FXTMmarket0.90 pipsnone
Octamarket0.90 pipsnone
RoboForexecn1.10 pipsnone
Alparimarket1.20 pipsnone
LiteFinancemarket1.30 pipsnone

Spreads as each broker publishes them. Ordered by spread plus commission.

How the score is built

Full method
  • Regulation & licensing
    27%
  • Regulatory & legal record
    10%
  • Published trading cost
    18%
  • Payments & withdrawals
    18%
  • Platforms & execution
    13%
  • Verified reviews
    9%
  • Corporate transparency
    5%

Common questions

How is the broker score calculated?
Regulation 30%, trading cost 20%, payments 20%, platforms 15%, verified reviews 10%, transparency 5%. A component with no data is excluded, never scored zero.
Can a broker pay to rank higher?
No. Commission is disclosed on every link and has no input into the score or the order of any list.
Why does a broker show a different licence depending on my country?
Most brokers run several legal companies, and the one you are onboarded to decides whether a compensation scheme covers you. Each broker page shows which entity applies where.

Looking for something specific? lowest cost, tier-1 regulated, low minimum deposit.