Laverlane

Forex · 60 brokers ranked

Best CFD brokers for forex

Forex CFDs are the most liquid instruments in retail trading. Major pairs like EUR/USD trade $7 trillion per day globally, resulting in very tight spreads. CFD brokers add a markup over raw interbank rates, so the broker pricing model is critical.

EUR/USDGBP/USDUSD/JPYAUD/USDUSD/CNH
Pepperstone
Top pick · 4.6
0.01 pips
Best · EUR/USD from
Fusion Markets
Lowest cost · 4.5
4.8 / 5
Highest score · Exceptional

Key considerations

  1. 01Commission vs spread model: ECN/raw accounts charge per-lot commission but offer near-zero spreads. Market-maker accounts bundle cost into spread.
  2. 02Swap rates: holding positions overnight incurs a swap (interest rate differential). JPY crosses are particularly prone to carry cost.
  3. 03Slippage on major data releases: NFP, FOMC, CPI can move 50–100 pips in seconds. Market orders may fill far from expected price.
  4. 04Currency pair availability: majors are universal but exotic pairs (USD/THB, USD/ZAR) vary widely across brokers.

Trading hours

24/5, Sun 22:00 GMT – Fri 22:00 GMT

Risk note

Leverage amplifies small moves. Carry cost on long-held positions.

What to look for

Raw/ECN account option with commission transparency

Average spread data — not just minimum spread marketing figures

Negative balance protection across all account types

Execution speed and server location relative to your strategy type

Broker picks· the desk for each job

RAW SPREADS FROM 0.0 PIPS ON RAZOR ACCOUNT

Pepperstone4.6

Raw spreads from 0.0 pips on Razor account

All brokers offering Forex

· 60 reviews

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4.8/ 5Exceptional

IUX

IUX Markets Ltd

IUX provides MetaTrader 5 trading with competitive raw spreads and flexible leverage scaling up to 1:3000. However, international accounts operate under offshore registration without major statutory investor compensation schemes.

Regulated

The Financial Services Authority (FSA) of St. Vincent and the GrenadinesFinancial Services Commission (FSC)ASIC

EUR/USD from

0.2 pips

Min deposit

$10

Platforms

MT5
Read review →
4.7/ 5Exceptional

IG

IG Markets Ltd

IG provides multi-asset CFD trading across 17,000 markets with competitive spreads and global regulation.

Regulated

FCAASICBaFinMAS (Singapore)

EUR/USD from

0.6 pips

Min deposit

$0

Platforms

MT4MT5Proprietary
Read review →
4.7/ 5Exceptional

CMC Markets

CMC Markets Bermuda Limited

CMC Markets is an LSE-listed broker offering around 10,000 instruments across its web platform, MetaTrader 4 and 5, and TradingView.

Regulated

FCABMA (Bermuda)ASICBaFin

EUR/USD from

0.5 pips

Min deposit

$0

Platforms

MT4MT5Proprietary
Read review →
4.7/ 5Exceptional

Swissquote

Swissquote Ltd

Swissquote is a Swiss banking group offering institutional-grade security, public stock exchange listing, and access to forex and multi-asset CFDs.

Regulated

FINMAFCAMAS (Singapore)SFC (Hong Kong)

EUR/USD from

1.7 pips

Min deposit

$1000

Platforms

MT4MT5Proprietary
Read review →
4.6/ 5Exceptional

Spreadex

Spreadex Limited

Spreadex is an established UK broker regulated by the FCA, offering CFD trading, financial spread betting and TradingView integration with spreads built into the price.

Regulated

FCA

EUR/USD from

0.6 pips

Min deposit

$5

Platforms

TradingViewProprietary
Read review →
4.6/ 5Exceptional

Saxo Bank

Saxo Bank A/S (Headquarters)

Saxo Bank provides fully regulated Danish banking infrastructure alongside direct market access across thousands of CFD and cash instruments.

Regulated

Danish FSAFINMASaxo Capital Markets Pte. Ltd.SFC Hong Kong

EUR/USD from

1.1 pips

Min deposit

$5000

Platforms

ProprietaryTradingView
Read review →
4.6/ 5Exceptional

Dukascopy

Dukascopy Europe IBS AS

Dukascopy operates as an authorised Swiss bank offering ECN trading execution through its proprietary Swiss FX Marketplace (SWFX).

Regulated

FINMAJFSA Japan

EUR/USD from

0.1 pips

Min deposit

$100

Platforms

ProprietaryMT4MT5
Read review →
4.6/ 5Exceptional

Pepperstone

Pepperstone Limited (UK) · Pepperstone Markets Limited (international clients)

Pepperstone offers multi-regulated CFD trading with raw spreads from 0.0 pips and fast execution.

Regulated

ASICFCABaFinCySEC

EUR/USD from

0.1 pips

Min deposit

$10

Platforms

MT4MT5cTrader
Read review →
4.5/ 5Exceptional

ActivTrades

ActivTrades PLC (UK); offshore entities for international clients

ActivTrades provides tight spread-only pricing with MetaTrader and TradingView integration, though international accounts route through an offshore entity.

Regulated

FCACMVM (Portugal)CVM (Brazil)SCB (Bahamas)

EUR/USD from

0.5 pips

Min deposit

$0

Platforms

MT4MT5TradingView
Read review →
4.5/ 5Exceptional

OANDA

OANDA Europe Limited

OANDA offers TradingView and MetaTrader 5 access across forex, indices, metals, crypto and share CFDs, with international clients contracting through its British Virgin Islands (BVI) entity.

Regulated

FCAASICFSC (BVI)CFTC / NFA

EUR/USD from

1 pips

Min deposit

$0

Platforms

MT5TradingViewProprietary
Read review →
4.5/ 5Exceptional

Fusion Markets

FMGP Trading Group Pty Ltd

Fusion Markets offers ultra-low trading costs with a $2.25 per-side commission on its Zero account alongside regulation from ASIC and FSA Seychelles.

Regulated

ASICFSA SeychellesVFSC (Vanuatu)

EUR/USD from

0.01 pips

Min deposit

$0

Platforms

MT4MT5cTrader
Read review →
4.4/ 5Excellent

RoboForex

RoboForex Ltd

RoboForex offers MT4, MT5 and R StocksTrader with a $10 minimum deposit and leverage of up to 1:2000. Clients contract with RoboForex Ltd, licensed by the FSC in Belize.

Regulated

FSC Belize

EUR/USD from

1.3 pips

Min deposit

$10

Platforms

MT4MT5Proprietary
Read review →

Other asset classes

Compare all →

Commodities

Top pick · Pepperstone

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Crypto CFD

Top pick · Pepperstone

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Indices

Top pick · Pepperstone

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Single-Stock CFD

 

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