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Best Zero Spread Forex Brokers

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 04, 2023

Zero-spread forex trading. Sounds like a great deal, right?

Let's be clear; zero-spread forex trading does not mean zero-cost forex trading. The same goes for low spreads - just because a broker claims low average spreads (or even a zero spread), it doesn't mean that you can count on your trading costs being lower.

Given this harsh truth, it's best to be wary when you find yourself staring at an ad for zero-spread accounts. And remember that some zero spread offerings are really just marketing gimmicks designed to lure in inexperienced traders. At BrokerNotes we like to remind traders of all experience levels to always read the fine print.

All that being said, the team at BrokerNotes dove deep into the world of zero-spread forex brokers – conducting our own rigorous research on the subject – to create this guide designed to help traders familiarize themselves with the realities of zero-spread accounts.

Below, we explain the benefits (and drawbacks) of zero-and-low-spread accounts, why your effective spread is ultimately what matters in the end, and to help you pick the best zero-spread (or low-spread) forex broker.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Lowest Spread Brokers

When it comes to trading forex and contracts for difference (CFDs), the brokers with the lowest spreads in 2023 are as follows:

  • Tickmill - 7.9/10 Overall
  • CMC Markets - 9.6/10 Overall
  • Interactive Brokers - 9.7/10 Overall
  • Capital.com - 8.4/10 Overall
  • IC Markets - 8.2/10 Overall
  • FP Markets - 8.3/10 Overall
  • IG
    - 9.9/10 Overall
  • Saxo Bank - 9.7/10 Overall
  • Trade Nation - 7.5/10 Overall
Overall Rating
7.9 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.31 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)295
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9.6 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.51 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1989
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses5
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12377
Forex Pairs (Total)158
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)84
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1977
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses8
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8500
Forex Pairs (Total)90
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)128
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.4 / 10
Minimum Initial Deposit
$20
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Average Risk
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (July 2021)
All-in Cost EUR/USD - Active0.6 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2016
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)6000
Forex Pairs (Total)138
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)75
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes
Overall Rating
8.2 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62 (August 2022)
All-in Cost EUR/USD - Active0.62 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.3 / 10
Minimum Initial Deposit
$100 AUD
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.2 (August 2022)
All-in Cost EUR/USD - Active0.7 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2005
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)10000
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9.9 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9.7 / 10
Minimum Initial Deposit
€2,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.9 (September 2022)
All-in Cost EUR/USD - Active0.7 (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1992
Publicly Traded (Listed)No
BankYes
Tier-1 Licenses6
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)60000
Forex Pairs (Total)190
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)62
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
7.5 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6
All-in Cost EUR/USD - Active0.6
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2014
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)601
Forex Pairs (Total)33
BitcoinNo
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)35
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryNo
Forex News (Top-Tier Sources)Yes
Economic CalendarNo

What are zero-spread accounts?

Zero-spread accounts are trading accounts that have no difference between the bid and ask price - or spreads that average close to zero pips. Such accounts allow traders to know in advance what their entry and exit levels will be when they open positions.

What does this mean for traders? Zero spread accounts are helpful for calculating non-trading losses (such as slippage) and are ideal for some forex strategies, such as high-frequency scalping and day trading. Zero spread accounts also offer new traders the opportunity to try out forex trading without being exposed to high transaction costs.

Pros & Cons of Zero Spread Accounts

Pros:

  • Changing direction can be expensive. If you have an open long position, for example, and decide you want to change the direction of your trade to go short, it can be less pricey to do so with a zero spread account - compared to paying a spread to close and reverse your trade.
  • Sometimes, every little bit counts. Some strategies - like scalping or high-frequency trading - are mostly (or solely) based on latency (or, pricing delays that cause arbitrage), and require the lowest costs possible in order to be profitable.

Cons:

  • Zero-spread doesn't mean zero-cost. Don't forget; forex brokers have to cover their costs and make money, and they'll still find ways to do so - with fixed commissions, larger deposit requirements, tighter margin calls, and other tactics designed to make up for their zero-or-low spread offers.
  • Spreads that "start" at zero don't always stay there. The potential always exists for the spread to widen - even in a zero spread account, and even if the account is commission-free.

What is the spread in forex?

Typically measured in a unit called a "pip," the spread communicates the difference in price between the rate at which you buy (known as the "ask price") a currency pair and the rate at which you can sell (known as the "bid price").

When trading in financial markets there will always be a bid/ask spread, even if it is very small (or even zero). It's always important to be aware of the spread when you are trading, and it's also important to remember that the spread is a type of trading cost that you may incur even if you are using a commission-free trading account.

How do zero-spread accounts work?

In theory, zero-spread accounts can offer traders the chance to compute their executions precisely, without having to navigate the issue of tightening or widening spreads. The reality, however, is that your realized effective spread is what really matters - not just the advertised spreads.

For example, say you have an open long position, and you've decided you want to change the direction of your trade to go short. If you have a zero-spread account, it'll probably be less expensive to do so, because you won't be paying a spread to close and then reverse your trade. Traders will often change direction during significant news events.

Imagine you find yourself trading on the wrong side of a USD/JPY move during a huge fundamental data release, like the Rate Decision of the Bank of Japan. During such a volatile market event (and other momentous situations), having a zero-spread account can allow you to change your trade bias without sinking your money into the spread.

That being said, any savings you make in the spread might end up being minuscule and can be quickly offset by the losses you'd sustain if the market moves abruptly against you. Your broker's execution quality (and any applicable fast-market trading policies) must be taken into consideration - not just the spread, or your broker's per-trade commissions.

Are low spreads good in forex?

Many brokers advertise low spreads, but their actual (effective) average spreads may be far worse in reality.

While spreads are an important factor in determining your trading costs, it's also important to consider the overall execution type, quality of execution, as well as per-trade commissions. If a broker has questionable execution methods (or charges steep commissions), the execution will end up being poor and will likely end up costing you more - even if the spread happens to be low.

Take it from us; the best brokers for zero-spread trading (or low-spread trading) also deliver a great selection of account types, offer high-quality execution methods, and feature low commissions - in addition to zero-or-low average spreads.

Is there a forex broker with 0 spread?

Even if a broker is a market-maker that establishes their own pricing, a true zero-pip spread is exceptionally rare - even at the interbank market level, where large banks and inter-dealer brokers (IDBs) trade.

Often, when a broker offers a zero-pip spread it is tied into some kind of promotional offer or marketing campaign. These promotions may not reveal the true cost of trading with that broker.

It's important to think beyond the spread when choosing which broker is right for your needs. Always consider your broker's execution quality, as well as the kind of trading strategy you plan on adopting. Most importantly, check to see if the broker publishes any recent average spreads for the currency pair you want to trade. That way you can judge for yourself whether their spreads are truly low.

What forex brokers have the lowest spreads?

When it comes to commissions and fees, the best forex brokers in 2023 with the lowest overall effective spreads are as follows:

  • Tickmill - Best overall for low costs
  • CMC Markets - Best web trading platform, excellent education
  • Interactive Brokers - Best for professionals, excellent pricing
  • Capital.com - Great for beginners, easy to use
  • IC Markets - Best overall for MetaTrader
  • FP Markets - Full MetaTrader suite, competitive pricing
  • IG - Excellent education, most trusted

Which forex broker has the tightest spread?

After conducting our own rigorous research, we determined that Tickmill features the overall tightest spreads in 2023. To calculate the effective spread, we factor the average spread (where available) and any per-trade commissions across broker account types.

Tickmill's Pro account features low average spreads and per-trade commissions, resulting in tight effective spreads. Those effective spreads drop even further in Tickmill's VIP account, where commissions are slashed in half.

Tickmill's listed average spread data for the month of September 2021 (for the EUR/USD) came to 0.07 pips on its Pro account (which only requires a $100 deposit to get started). The resulting effective spread at Tickmill comes to 0.47 pips, after including a per-side commission of $2.00, or, roughly the equivalent of 0.4 pips per round-trip (the opening and closing of one trade is referred to as one complete "round-turn" or "round-trip").

Meanwhile, Tickmill's VIP account brings the effective spread down to 0.27, with the only caveat being that you must maintain a minimum balance of $50,000 to access this superb VIP pricing.

What forex account types have lower spreads?

Forex account types vary from one broker to another, but - on average - you'll find that commission-based accounts (or, accounts that offer agency execution) tend to feature the lowest spreads.

Commission-based accounts are often referred to as Electronic Communication Network (ECN) or no-dealing-desk accounts. In these cases, your broker acts as an agent and sends your offer to other market-makers for execution. With agency execution, the market-maker establishes the spread and your broker only charges a commission (though your broker may also be receiving a rebate or markup on the spread from the liquidity provider).

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
Tickmill logoTickmill 7.9 $100 0.51 (August 2022) 82 Trusted 295
CMC Markets logoCMC Markets 9.6 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers 9.7 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
Capital.com logoCapital.com 8.4 $20 0.6 (July 2021) 77 Average Risk 6000
IC Markets logoIC Markets 8.2 $200 0.62 (August 2022) 86 Trusted 3583
FP Markets logoFP Markets 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 10000
IG logoIG 9.9 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank 9.7 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
Trade Nation logoTrade Nation 7.5 $0 0.6 83 Trusted 601
Pepperstone logoPepperstone 8.4 $200 0.77 (September 2022) 93 Highly Trusted 1200
Plus500 logoPlus500 8.5 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FOREX.com logoFOREX.com 9.3 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
City Index logoCity Index 9.2 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
AvaTrade logoAvaTrade 8.6 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
XTB logoXTB 9 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
Vantage logoVantage 7.7 $50 1.22 (August 2021) 83 Trusted 1000
Moneta Markets logoMoneta Markets 7.5 $50 1.27 (September 2022) 71 Average Risk 965
HYCM (Henyep) logoHYCM (Henyep) 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
Admiral Markets logoAdmiral Markets 8.3 $100 0.8 (July 2021) 87 Trusted 8425
VT Markets logoVT Markets 7.4 $200 1.2 (September 2021) 71 Average Risk 168
BlackBull Markets logoBlackBull Markets 7.9 $0 0.827 (August 2022) 74 Average Risk 26000
ACY Securities logoACY Securities 7.4 $50 1.2 (Sept 2021) 75 Average Risk 1600
eToro logoeToro 8.8 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
FXCM logoFXCM 8.5 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
TD Ameritrade logoTD Ameritrade 9.5 $0 1.25 pips (September 2022) 99 Highly Trusted 0
Eightcap logoEightcap 7.6 $100 1.0 (Aug 2022) 87 Trusted 326
OctaFX logoOctaFX 7 $25 0.6 (August 2021) 67 High Risk 80
BDSwiss logoBDSwiss 7.8 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
HFM logoHFM 7.7 $5 1.2 (August 2021) 85 Trusted 3500
XM Group logoXM Group 8.4 $5 1.6 (Aug 2020) 90 Trusted 1372
FxPro logoFxPro 8.1 $100 1.51 (August 2020) 90 Highly Trusted 2249
OANDA logoOANDA 8.4 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
TMGM logoTMGM 7.8 $100 0.96 (July 2021) 79 Average Risk 12000
GBE brokers logoGBE brokers 6.8 $500 -1 69 High Risk 500
FlowBank logoFlowBank 7.7 $0.00 N/A 77 Average Risk 408600
Alpari logoAlpari 6.8 $20 N/A 67 High Risk 105
FXPrimus logoFXPrimus 6.9 $100 N/A 69 High Risk 140 Visit Site
Trading 212 logoTrading 212 7.6 EUR 10 N/A 77 Average Risk 1785
AxiTrader logoAxiTrader 7.1 0 N/A 83 Trusted 175 Visit Site
Spreadex logoSpreadex 7.2 $0 -1 70 Average Risk 2000
GKFX logoGKFX 7.1 $0 N/A 66 High Risk 354
FXOpen logoFXOpen 7 $100 N/A 80 Trusted 87
TeleTrade logoTeleTrade 7 $100 -1 67 High Risk 500
IronFX logoIronFX 7.2 $50 1.2 84 Trusted 340
Exness logoExness 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
TopFX logoTopFX 6.7 Depends on payment method N/A 67 High Risk 655
Swissquote logoSwissquote 8.7 $1000 N/A 99 Highly Trusted 466
Markets.com logoMarkets.com 8.2 $100 1.9 (as of Oct 2019) 98 Highly Trusted 2179
Fineco Bank logoFineco Bank 7.9 $0 N/A 92 Highly Trusted 126
ThinkMarkets logoThinkMarkets 7.4 $250.00 N/A 86 Trusted 1674
easyMarkets logoeasyMarkets 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
Tradeo logoTradeo 6.4 $200 -1 67 High Risk 256
Forex4you logoForex4you 6.9 $0 -1 62 High Risk 150
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.3 $100 1.4 (Jan 2022) 69 High Risk 12000
LegacyFX logoLegacyFX 6.9 $500 0 75 Average Risk 425
Trade360 logoTrade360 7.1 $250 N/A 75 Average Risk 1062
DooPrime logoDooPrime 7.8 $100 -1 84 Trusted 10000
ATFX logoATFX 6.6 $500 -1 70 Average Risk 150
Vestle logoVestle 7.1 -1 -1 79 Average Risk 750
Libertex (Forex Club) logoLibertex (Forex Club) 6.7 $10 -1 72 Average Risk 300
UFX logoUFX 6.6 $100 3 (Jan 2021) 67 High Risk 619
Xtrade logoXtrade 6.5 $250 -1 80 Trusted 142
View More

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


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