Home/Broker Reviews
6 reviewed · Last checked August 2026

Forex and CFD broker reviews

Sorted by Trust Score, never by commission. Each review states which entity holds your money, what trading actually costs, and where the broker falls short.

Rank
Broker
EUR/USD spread
Min. deposit
Trust Score
01
IUX
ASIC
EUR/USD spread
0.7 pips
Min. deposit
$50
9.3
02
IC Markets
ASIC · CySEC · FSA
EUR/USD spread
1 pips
Min. deposit
$200
9.2
03
Exness
FCA · CySEC · FSCA
EUR/USD spread
1.7 pips
Min. deposit
$100
9.0
04
Pepperstone
FCA · ASIC · CySEC
EUR/USD spread
1 pips
Min. deposit
$25
8.7
05
XM Global
FCA · ASIC · CySEC
EUR/USD spread
1.6 pips
Min. deposit
$5
8.5
06
FBS
CySEC
EUR/USD spread
1.5 pips
Min. deposit
$5
7.5

Spreads are typical values on a standard account and widen around news releases. Maximum leverage varies by entity and by your country of residence — check the individual review.

WHAT WE CHECK

What goes into each review

The same four criteria for every broker, weighted the same way, published in full.

35% of the score

Regulation and licensing

Which authorities license the broker, and how much protection each licence actually gives clients.

30% of the score

Trading costs

Typical spreads, commissions, swaps, and the fees that only show up on withdrawal or after inactivity.

20% of the score

Account experience

Platform stability, deposit and withdrawal speed, and how clearly the terms are written.

See the full methodology

How to read these reviews

Check the entity, not the brand. Large brokers operate several legal entities under one name. The one you are onboarded to depends on where you live, and it decides which regulator protects you. A group holding an FCA licence does not mean your account is covered by it.

Add the costs together. A raw-spread account advertising 0.0 pips charges a round-turn commission instead. The number that matters is spread plus commission plus overnight swap, on the instruments and at the hours you actually trade.

Treat high leverage as a warning, not a feature. Regulators cap retail leverage at 30:1 on major pairs precisely because higher ratios accelerate losses. 1:2000 signals an offshore licence far more reliably than it signals opportunity.

Read the withdrawal terms before depositing. Complaints in this industry cluster around getting money out, not putting it in — inactivity fees, wire charges, and verification requirements that only appear at withdrawal.

Narrowed it down to two?

Put them side by side and compare the numbers that would actually affect your account.

Risk warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Nothing on this site is investment advice. Disclosure: We may earn a commission when you open an account through a link on this site. Brokers cannot pay for a higher score, a better ranking, or a more favourable review — every broker is measured against the same published criteria. Read the full disclaimer