Top Regulated Forex Brokers

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Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

With many hundreds of Forex / CFD brokers to choose from globally, finding the right broker for you can seem an impossible challenge. That’s why we at DailyForex keep our team of industry analysts at work, to make choosing the best broker easier for you.

1
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Ultra-low trading fees & price improvement technology
Fast order execution & transparent trading statistics
2
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
12-plugin MT4/MT5 upgrade, Trading Central, & Autochartist
Competitive ECN/DMA pricing model, VPS hosting & MAM/PAMM accounts
3
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Capitalise AI for code-fee automation of trading strategies & Cryptocrusher
Low trading fees & swap rates on leveraged overnight positions
4
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Compliant with nine regulators & a spotless operational history
Balanced asset selection, including options & Ava Social/DupliTrade for copy traders
5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Excellent asset selection & competitive cost structure
FIX API & VPS hosting for algorithmic traders
6
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Operational since 2005 & compliant with 10 regulators
1M excess of loss insurance per account underwritten by Lloyd’s of London
7
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best ECN execution on the MT4 platform
Excellent implementation of cTrader and Smart Trader Tools
8
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
User-friendly proprietary platform and MT4 access
Excellent selection of cryptocurrencies
74% of retail CFD accounts lose money
9
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best social trading platform on the market
Excellent choice of options for crypto traders
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74% of retail CFD accounts lose money
10
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
16 payment processors in 16+ currencies, including several cryptocurrencies.
High-quality research and educational content for beginners & 24/5 customer support.

Forex Broker Reviews at a Glance

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Eightcap, Competitive pricing + excellent daily videos.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • MultiBank Group, Deep liquidity with no trading restrictions.
  • Pepperstone, Great ECN execution on MT4 platform.
  • FXGT, Great mix of Forex and crypto assets.
  • eToro, Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money.
  • ACY Securities, Swap-free trading with the MT5 trading platform.

Best Forex Brokers Comparison

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Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCA ASIC, CySEC, FSCA ASIC, CySEC, FCA, SCB ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID FMA, FSA
Year Established
2011 2005 2009 2006 2014
Execution Type(s)
ECN/STP, Market Maker ECN/STP ECN/STP, Market Maker Market Maker ECN/STP, No Dealing Desk
Minimum Deposit
$500 $100 $100 $100 $0
Average Trading Cost EUR/USD
0.1 pips 1.1 pips 1.0 pips 0.9 pips 1.3 pips
Average Trading Cost GBP/USD
0.2 pips 1.4 pips 1.2 pips 1.5 pips 2.0 pips
Average Trading Cost Gold
$0.18 $0.21 $0.12 $0.29 $0.90
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based MetaTrader 4, MetaTrader 5, Trading View Other, MetaTrader 4, MetaTrader 5, Web-based+ MetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection
Visit Website Visit Website Visit Website Visit Website Visit Website

FXTM

5.0/5 in this category
In Summary
Best all-around broker with high floating leverage and fast execution

We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.

Pros
  • Excellent commission-based Forex pricing environment and transparency

  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app

  • Quality market research and educational content for beginner traders

  • A highly regulated broker with a tier-1 license

Cons
  •  No cryptocurrencies and limited choice of commodities

FP Markets

5.0/5 in this category
In Summary
ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Pros
  • Choice of trading platforms and auxiliary trading tools

  • Very competitive cost structure and excellent asset selection

  • Low minimum deposit requirement and leverage of up to 1:500

  • Well-regulated and trustworthy

Cons
  • Availability of Iress geographically restricted

Eightcap

4.5/5 in this category
In Summary
Competitive pricing + excellent daily videos

Eightcap established itself among the best Forex brokers due to its superb trading infrastructure, excellent order execution amid deep liquidity, competitive fees, and cutting-edge trading tools. Manual traders get a well-designed AI-powered economic calendar, and Eightcap upgrades MT4 via Capitalise AI, which enables algorithmic trading in a code-free environment. MT5 traders benefit from Flash Trader, while the dedicated cryptocurrency solution Crypto Crusher caters to cryptocurrency traders.

Copy traders get the embedded MT4/MT5 services, and Eightcap connects social traders to the active TradingView community. Beginner traders get an outstanding educational and research offering via Eightcap Labs and Eightcap Trade Zone.

Pros
  • Low minimum deposit and high leverage of up to 1:500

  • Competitive cost structure

  • Excellent technology infrastructure and seasoned management team

  • Daily research and quality educational content

Cons
  • Limited leverage in some areas

AvaTrade

4.5/5 in this category