FX market open13:22:36 UTC See the rankings

Syncing…

Global Retail Brokers, ranked

Sorted by our score out of 10. Scores come from funded accounts: spreads and fees as measured, deposits and withdrawals as timed, support as tested.

4 reviews

XM review: a $5 account and bonus offers, a fair start or a trap for overtrading?

Global Retail BrokersTested

XM is a legitimate, widely regulated broker with a genuinely low $5 entry and a decent range of account types. The Standard and Micro accounts are expensive once spreads are counted, and the bonus marketing encourages volume. A small account is fine if you choose Ultra Low or Zero and ignore the bonuses. If you would trade more because of a bonus, skip it.

Best for Small accounts that pick Ultra Low or Zero and ignore the bonuses

6.9/10

Price: $5 minimum deposit
Maker: XM Group
Minimum deposit: $5 (Shares account needs $10,000)

Read review Visit site

HFM review: does account choice and regulation beat Exness and XM in emerging markets?

Global Retail BrokersTested

HFM is a broad, long-running broker whose strength is choice: five account types, MT4 and MT5, copy trading, no deposit or withdrawal fees and a real spread of regulators. Its weakness is cost and clarity. Standard spreads average about 1.4 pips on EUR/USD, inactivity fees apply, and protection depends on which entity takes you. Good for traders who want variety, poor value for scalpers.

Best for Traders in emerging markets who want choice of account type and platform

6.9/10

Price: No minimum deposit (Premium account)
Maker: HF Markets Group
Premium account: $0 minimum, no commission

Read review Visit site

AvaTrade review: fixed spreads and heavy regulation, but is it the safer beginner pick?

Global Retail BrokersTested

AvaTrade is a reasonable first broker for someone who values fixed pricing, broad licensing and a mobile app over the lowest cost. Regulation reaches ASIC, CySEC and several others, and negative balance protection is offered to retail clients. The price is a spread of roughly 0.8 to 0.9 pips on EUR/USD with no raw option, plus inactivity fees. Active or cost-driven traders should look at a raw-spread broker instead.

Best for New traders who want fixed spreads and a heavily regulated broker

6.9/10

Price: $100 minimum deposit
Maker: AvaTrade
Minimum deposit: $100

Read review Visit site

FxPro review: is no-dealing-desk execution on four platforms worth wider spreads?

Global Retail BrokersTested

FxPro is a solid, well-regulated broker whose execution claims hold up in independent tests, but you pay for the choice of platforms. Standard accounts cost about 1.4 pips on EUR/USD, and even the Raw+ route is dearer than the leaders once commission is added. It suits a trader who wants cTrader or MT5 under a UK or Cyprus licence. Skip it if the lowest all-in cost is your only test.

Best for Traders who want cTrader, MT5 or Edge with a regulated, no-dealing-desk broker

6.9/10

Price: $100 recommended first deposit
Maker: FxPro Group
Minimum deposit: $100 practical, higher on Raw+ and Elite

Read review Visit site