Editorial ranking
Best 10 Brokers, 2026
The ten brokers that scored highest in our composite ranking. Each one combines broker-published pricing, current regulator licences, operating history and onboarding accessibility into a single weighted score.
Quick comparison
| # | Broker | Min deposit | Top regulator | Rating | |
|---|---|---|---|---|---|
| 1 | FxPro | $100 | FCAFinancial Conduct Authority | 4.6 / 5 | → |
| 2 | Tickmill | $100 | FCAFinancial Conduct Authority | 4.4 / 5 | → |
| 3 | Deriv | $5 | BVIBVI Financial Services Commission | 4.0 / 5 | → |
| 4 | Libertex | $10 | SVG FSASaint Vincent and the Grenadines Financial Services Authority | 4.0 / 5 | → |
| 5 | AvaTrade | $100 | ASICAustralian Securities and Investments Commission | 4.4 / 5 | → |
| 6 | XM Group | $5 | ASICAustralian Securities and Investments Commission | 4.2 / 5 | → |
| 7 | RoboForex | $10 | IFSCInternational Financial Services Commission (Belize) | 4.3 / 5 | → |
| 8 | Alpari | $500 | MISAMwali International Services Authority | 3.6 / 5 | → |
Below — editorial review of each broker: pricing, regulator licences, pros and cons.
8 tracked brokers
sorted by composite scoreEditorial top pick
01Editorial top pick
01FxPro
FCACySECSCBFSCAOpen account at FxPro →- Avg spread
- 0.30pip
- Cost / lot
- $10.00
- Min deposit
- $100
- Max leverage
- 1:500
midpoint of broker rangeincl. $7 commissionEU/UK retail: 1:30 · SCB (Bahamas) entity: 1:500Four diversified regulators (FCA, CySEC, FSCA, SCB) with 18+ years operating history · MT4/MT5 Standard accounts are spread-only at ~1.2 typical pips — only use cTrader or Raw if you want commission-based pricing
Fits ifYou are EU or UK retail and want double tier-1 cover (FCA + CySEC) at one brokerPlatformsMetaTrader 4, MetaTrader 5, cTrader, FxPro EdgeFounded in 2006 · Verified Jun 1, 2026
- 02
02Tickmill
FCACySECFSAFSCAOpen account at Tickmill →- Avg spread
- 0.20pip
- Cost / lot
- $8.00
- Min deposit
- $100
- Max leverage
- 1:1000
editorial estimateincl. $6 commissionEU/UK retail: 1:30 · Seychelles entity: 1:1000Raw account: 0.0 from-spread + $6 round-turn — ECN-style pricing in a commission-based tier · Broker publishes "from" spreads only — realised typical is not disclosed on the accounts page
Fits ifYou are EU or UK retail and want FCA + CySEC double cover with ECN-style commission pricingPlatformsMetaTrader 4, MetaTrader 5Founded in 2014 · Verified Jun 1, 2026
- 03
03Deriv
BVIMFSAOpen account at Deriv →- Avg spread
- 0.70pip
- Cost / lot
- $7.00
- Min deposit
- $5
- Max leverage
- 1:1000
editorial estimateno commissionEU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000$5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill
Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product categoryPlatformsMetaTrader 5, Deriv XFounded in 1999 · Verified Jun 1, 2026
- 04
04Libertex
SVG FSAOpen account at Libertex →- Avg spread
- 0.50pip
- Cost / lot
- $5.00
- Min deposit
- $10
- Max leverage
- 1:999
midpoint of broker rangeno commissionLibertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.$10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight
Fits ifYou have $10 to start — one of the lowest entry minimums in our listPlatformsMetaTrader 4, MetaTrader 5, Libertex PlatformFounded in 1997 · Verified Jun 1, 2026
- 05
05AvaTrade
ASICFSCACBIBVIOpen account at AvaTrade →- Avg spread
- 0.90pip
- Cost / lot
- $9.00
- Min deposit
- $100
- Max leverage
- 1:400
broker-published typicalno commissionEU/UK/AU retail: 1:30 · FSCA / BVI entities: up to 1:400Regulated in 6 jurisdictions · Spread-only pricing at 0.9 pip = ~$9/lot round-turn — wider than ECN/Raw brokers at similar volume
Fits ifYou are AU or EU retail and want CBI + ASIC double cover with 20 years of operating historyPlatformsMetaTrader 4, MetaTrader 5, AvaOptions, DupliTradeFounded in 2006 · Verified Jun 1, 2026
- 06
06XM Group
ASICCySECIFSCOpen account at XM Group →- Avg spread
- 1.30pip
- Cost / lot
- $13.00
- Min deposit
- $5
- Max leverage
- 1:1000
midpoint of broker rangeno commissionEU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000$5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list
Fits ifYou want the lowest-friction entry in our list — $5 minimum depositPlatformsMetaTrader 4, MetaTrader 5, Web TraderFounded in 2009 · Verified Jun 1, 2026
- 07
07RoboForex
IFSCOpen account at RoboForex →- Avg spread
- 0.20pip
- Cost / lot
- $6.00
- Min deposit
- $10
- Max leverage
- 1:500
broker-published typicalincl. $4 commissionIFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection
Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimumPlatformsMetaTrader 4, MetaTrader 5, R Stocks TraderFounded in 2009 · Verified Jun 1, 2026
- 08
08Alpari
MISA1 actionOpen account at Alpari →- Avg spread
- 0.25pip
- Cost / lot
- $7.50
- Min deposit
- $500
- Max leverage
- 1:1000
midpoint of broker rangeincl. $5 commissionPro ECN tier (Mauritius / St. Vincent offshore); Standard tier reaches 1:3000 at $50 min · not offered to EU/UK/AU retail27 years of operating history (founded 1998) — predates most current retail brokers · Regulated only by offshore entities (Mauritius / St. Vincent) after losing its FCA licence in 2015 — no tier-1 regulator, no FSCS-equivalent protection
Fits ifYou have $500+ and want commission-based Pro ECN pricing at ~$7.50/lot with 27 years of operating historyPlatformsMetaTrader 4, MetaTrader 5Founded in 1998 · Verified Jun 1, 2026
We score every tracked broker on four factors — cost (35%), regulation (30%), operating history (20%) and accessibility (15%). The ten highest composite scores in the asset class for this domain are shown here. Full breakdown on the methodology page.
Currently tracking 14 brokers across 55 regulators · 2 regulatory actions on file · pricing verified June 1, 2026.
Want the full breakdown of how the score is calculated, what we measure and what we don't? Read the methodology.
Regulator registers
Frequently asked
10How are the top 10 brokers chosen?+
We score every tracked broker on four factors — cost (35%), regulation (30%), operating history (20%) and accessibility (15%). The ten highest composite scores in the asset class for this domain are shown here. Full breakdown on the methodology page.
What counts as a tier-1 regulator?+
Tier-1 regulators enforce mandatory client-fund segregation, leverage caps, capital requirements and an investor compensation scheme. Examples: FCA (UK), ASIC (Australia), CySEC (Cyprus, EU MiFID II), CFTC and NFA (US), FINMA (Switzerland), BaFin (Germany), MAS (Singapore). Tier-2 covers offshore but still active regulators like the Belize IFSC or Bahamas SCB. Brokers regulated only at tier-2 or below score lower in our ranking because investor recourse is materially weaker.
Can a broker pay to be in the top 10?+
No. We do earn affiliate commission when readers open accounts through our links, but a payment cannot move a broker up the ranking. The same composite score is calculated for every broker we track, sponsored or not.
How often is the ranking updated?+
Broker-published spreads and commissions are re-checked weekly. Regulator licences are verified weekly. Full ranking is recomputed quarterly so weekly noise does not flip positions.
What happens to my money if a broker shuts down?+
Tier-1 regulated brokers must hold client funds in segregated accounts and typically participate in investor compensation schemes — for example FSCS in the UK (up to £85,000 per client), ICF in Cyprus (up to €20,000) and CSLR in Australia (up to A$150,000). Compensation covers broker insolvency, not trading losses. Tier-2 and offshore-only brokers usually offer weaker or no compensation, which is part of why regulation weighs 30% in our composite score.
Is the broker ranked #1 the right one for me?+
Not necessarily. The top 10 is a shortlist filtered for quality, not a personal recommendation. Country restrictions, deposit minimums, the asset class you trade and your platform preference can all make a lower-ranked broker a better fit. Use the cost calculator to compare your specific volume.
Do these brokers offer demo accounts?+
Most brokers in this list offer a demo account with virtual funds for risk-free practice. Demo terms — initial balance, time limit, whether it expires after a real account is opened — vary, so check the individual broker page. Demo availability is a usability signal, not a primary ranking factor: what matters for real outcomes is the broker's pricing and execution on funded accounts.
Are these brokers available in every country?+
Most are, but several impose country-level restrictions. Each broker page lists its restricted-countries policy. For a country-specific shortlist that filters out brokers that do not accept residents, see the per-country page under /in/[country-slug].
Should I verify the regulator myself before depositing?+
Yes. We re-check each broker's licence weekly against the regulator's public register, but you should confirm before funding an account: visit the regulator's site, search for the broker's exact legal name and verify the licence is active and covers the products you intend to trade. The legal entity offering you an account is sometimes different from the marketing brand, especially for international groups — that detail matters if you ever need to file a complaint.
Why is broker X not in the top 10?+
Three possible reasons: it did not rank in the top 10 by composite score; it does not match the asset class served by this domain (forex, CFDs, crypto or stocks); or it is not yet in our tracking set. The full ranking with all tracked brokers is on the homepage.