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139
Regulated brokers researched
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Market overview

A snapshot of today's forex, metals, and energy markets. Updated throughout the trading day.

Updated 15 hours ago

Market heatmap

Green = gaining, red = losing. Deeper color means a bigger move today.

EUR/USD+0.01%
GBP/USD+0.00%
USD/JPY+0.01%
AUD/USD−0.03%
USD/CAD−0.09%
USD/CHF−0.01%
NZD/USD−0.04%
XAU/USD+0.00%

Today's movers

Biggest gainers and losers across major instruments.

  • USD/JPY Major+0.01%
  • EUR/USD Major+0.01%
  • GBP/USD Major+0.00%
  • XAU/USD Gold+0.00%
  • USD/CHF Major−0.01%

Market data via Twelve Data. For information only, not investment advice.

From the blog

Plain-English explainers on how the forex and commodities markets actually work.

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Latest news

Broker-specific developments, and original FX market analysis -- not a bulk reproduction of wire-service headlines.

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Top 15 regulated forex brokers

Real, currently CySEC-, FCA-, or Seychelles FSA-licensed brokers, scored with a disclosed methodology based on public data -- not hands-on testing. See "How we score" below.

How we score →
Broker Avg. spread Platforms Score
01 AvaTrade EU-regulated (MiFID passporting) + FSA Seychelles No. SD033 · est. 2006 0.93 pips (EUR/USD) Proprietary (AvaTradeGO), MT4, MT5, DupliTrade, ZuluTrade 4.1 / 5 Read review Compare
02 Interactive Brokers FCA No. 208159 · est. 1978 Not confirmed TWS (Trader Workstation), IBKR Desktop, IBKR Mobile, Client Portal (WebTrader) 4.08 / 5 Read review Compare
03 ThinkMarkets CySEC No. 215/13 + FCA No. 629628 + FSA Seychelles No. SD060 · est. 2010 1.1 pips (EUR/USD) MT4, MT5, TradingView, Proprietary (ThinkTrader) 4.01 / 5 Read review Compare
04 Exness CySEC No. 178/12 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD025 · est. 2008 0.2 pips (EUR/USD) MT4, MT5, Proprietary (Exness Terminal) 3.97 / 5 Read review Compare
05 CFI EU-regulated (MiFID passporting) + FCA No. 828955 + FSA Seychelles No. SD107 · est. 1998 0.4 pips (EUR/USD) MT5, cTrader, TradingView, Proprietary (CFI Trading App) 3.88 / 5 Read review Compare
06 OANDA FCA No. 542574 · est. 1996 Not confirmed MT4, MT5, Proprietary (OANDA Trade / fxTrade) 3.84 / 5 Read review Compare
07 IG CySEC No. 309/16 + FCA No. 195355 · est. 1974 0.6 pips (EUR/USD) Proprietary, MT4, ProRealTime 3.81 / 5 Read review Compare
08 Pepperstone CySEC No. 388/20 + FCA No. 684312 + FSA Seychelles-licensed (licence number unconfirmed) · est. 2010 1.1 pips (EUR/USD) MT4, MT5, cTrader, TradingView 3.75 / 5 Read review Compare
09 HF Markets CySEC No. 183/12 + FCA No. 801701 + FSA Seychelles No. SD015 · est. 2010 1.2 pips (EUR/USD) MT4, MT5, Proprietary (HFM App) 3.73 / 5 Read review Compare
10 FOREX.com CySEC No. 400/21 + FCA No. 446717 · est. 1999 1 pips (EUR/USD) Proprietary, MT4, MT5, TradingView 3.59 / 5 Read review Compare
11 FP Markets CySEC No. 371/18 + FSA Seychelles No. SD130 · est. 2005 1 pips (EUR/USD) MT4, MT5, cTrader, TradingView 3.59 / 5 Read review Compare
12 FXCM CySEC No. 392/20 + FCA No. 217689 · est. 1999 1.3 pips (EUR/USD) Trading Station (proprietary), MT4, ZuluTrade, NinjaTrader 3.54 / 5 Read review Compare
13 Vantage Markets FCA No. 590299 + FSA Seychelles-licensed (licence number unconfirmed) · est. 2009 Not confirmed MT4, MT5, Proprietary (ProTrader) 3.54 / 5 Read review Compare
14 Eightcap CySEC No. 246/14 + FCA No. 921296 + FSA Seychelles No. SD100 · est. 2009 1 pips (EUR/USD) MT4, MT5, TradingView 3.52 / 5 Read review Compare
15 Ultima Markets CySEC No. 426/23 + FCA No. 470325 · est. 2016 Not confirmed MT4, MT5, Proprietary (UM Terminal) 3.56 / 5 Read review Compare

Spread and minimum-deposit figures shown were compiled March 2026 and haven't been individually re-checked since; regulatory status and broker-specific disclosures were most recently reviewed October 2026, with another review scheduled January 2027. Each broker's review page shows its own dates. Spreads, minimum deposits and licence status change — verify current terms directly with the broker and on the CySEC public register before making a decision.

2026#1TOP-SCORED BROKER

AvaTrade tops our broker rankings for 2026

AvaTrade scores highest under our disclosed, nine-category methodology (4.1/5), operating since 2006. Regulatory status: EU-regulated (MiFID passporting) + FSA Seychelles No. SD033.

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How we score brokers

This is a disclosed, data-based methodology -- not a claim of hands-on account testing. Here's exactly how each score is built.

30%

Regulation & client protection

A fixed point value for each independently-verifiable regulator held (CySEC, the FCA, ASIC, and similar Tier-1/Tier-2 bodies), against a disclosed scale -- not a comparison to other brokers. An offshore-only licence, such as the Seychelles FSA, adds nothing on its own: it reflects materially lighter oversight and no statutory investor compensation scheme, though we still disclose that licence and its number on the broker's review page.

20%

Trading costs

The broker's EUR/USD spread against fixed pip thresholds. We deliberately don't weight minimum deposit here -- a broker letting you start with $1,000 isn't charging you more to trade than one that lets you start with $10.

10%

Non-trading fees

Confirmed inactivity fees and currency-conversion charges. A broker that's confirmed not to charge either scores well; one with a confirmed fee scores worse; where we couldn't independently confirm either way, this factor sits at a neutral midpoint rather than being guessed.

10%

Platforms & tools

Number of distinct trading platforms supported (MT4, MT5, cTrader, TradingView, proprietary). This is a breadth count, not a quality judgment of any one platform -- which is also why it carries less weight than it used to.

10%

Execution / trading conditions

Whether the broker discloses a no-dealing-desk execution model (ECN/STP/DMA), discounted for any independently-reported pattern of withdrawal refusals, fund manipulation, or similar conduct red flags found in our research.

5%

Product range

How many distinct asset classes (forex, indices, shares, commodities, crypto, bonds, ETFs, and more) we could independently confirm the broker offers, against a fixed scale.

5%

Deposits & withdrawals

Confirmed deposit/withdrawal fees and processing speed, discounted for any independently-reported pattern of delayed, blocked, or disputed withdrawals.

5%

Transparency

Starts clean and is discounted only for specific, named findings from our research: a regulator warning or blacklisting, a confirmed clone/impersonation risk, confirmed review manipulation, or a defunct/wound-down status.

5%

Track record

Years in operation, against a fixed scale from founding year. Longer-operating brokers score higher.

Every factor is scored against a fixed, disclosed threshold -- an absolute rubric, not a ranking relative to other brokers in our set. Adding, removing, or re-researching a broker never changes anyone else's score. Source data comes from each broker's regulator(s) of record (CySEC, the UK's FCA, the Seychelles FSA, and others), broker legal disclosures, and third-party broker research, compiled on a rolling basis. Where we can't independently confirm a fact, that category either scores a neutral midpoint or is left out of that broker's average, rather than guessed at. This methodology does not involve opening or funding live accounts, and it isn't personalized financial advice — always verify current licence status, fees, and terms directly with the broker before depositing funds.

Jump to a specific list: Best Forex & CFD Brokers Overall · Best Forex Brokers for Beginners · Best Low-Cost Forex Brokers · Best ECN/STP Forex Brokers · Best CySEC-Regulated Brokers · Best FCA-Regulated (UK) Brokers · Best Multi-Asset Brokers · Best MT4 / MT5 Brokers · Regulation knowledge base

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