Pips SchoolForex Education

Compare the Best Forex Brokers

Compare regulation, trading platforms, costs, account features, markets offered and the overall trading experience — using one consistent framework.

eToro — You don't have to be a professional trader to start trading

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NM

Northgate Markets

Best for: Low-cost EUR/USD trading

4.6/ 5
Regulation
Placeholder regulator A
Min. deposit
$100
Spread from
0.2 pips
Platforms
MetaTrader 4, MetaTrader 5, Web platform
  • Tight sample spreads on majors
  • Well-known desktop platforms
  • Clear demo account access
Read ReviewVisit Broker
MF

Meridian FX

Best for: Beginners and education

4.4/ 5
Regulation
Placeholder regulator C
Min. deposit
$100
Spread from
0.8 pips
Platforms
Proprietary web, Mobile app
  • Low sample entry deposit
  • Simple interface
  • Structured learning path
Read ReviewVisit Broker
AT

Atlas Trade

Best for: Algorithmic and API trading

4.2/ 5
Regulation
Placeholder regulator D
Min. deposit
$100
Spread from
0.4 pips
Platforms
MetaTrader 5, cTrader, REST API
  • API access for automation
  • Multiple professional platforms
  • Depth-of-market data
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HC

Harbour Capital

Best for: Wide market access

4.1/ 5
Regulation
Placeholder regulator E
Min. deposit
$100
Spread from
0.6 pips
Platforms
MetaTrader 5, Web platform, Mobile app
  • Broad sample instrument list
  • Consistent mobile experience
  • Tiered account structure
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ICM

IC Markets

Best for: Low-cost ECN trading for active and algo traders

4.7/ 5
Regulation
ASIC (Australia)
Min. deposit
$100
Spread from
0.0 pips (Raw Spread, plus commission)
Platforms
MetaTrader 4, MetaTrader 5, cTrader
  • Very tight raw spreads on major pairs
  • Choice of MetaTrader and cTrader platforms
  • Execution speed suited to EAs and scalping
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VTM

VT Markets

Best for: Beginners wanting a low entry deposit

4.3/ 5
Regulation
ASIC (Australia)
Min. deposit
$100
Spread from
0.0 pips (Raw account, plus commission)
Platforms
MetaTrader 4, MetaTrader 5
  • Low minimum deposit
  • Straightforward account structure
  • MetaTrader 4 and 5 available
Read ReviewVisit Broker
FXP

FX Primus

Best for: Traders wanting flexible account and copy-trading options

3.9/ 5
Regulation
CySEC (Cyprus)
Min. deposit
$100
Spread from
1.0 pips
Platforms
MetaTrader 4
  • Very low minimum deposit via cent account
  • Simple account structure
  • Copy-trading options available
Read ReviewVisit Broker
FXT

ForexTime (FXTM)

Best for: Traders in Africa and Asia wanting local support

4.4/ 5
Regulation
FCA (UK)
Min. deposit
$100
Spread from
0.0 pips (Advantage account, plus commission)
Platforms
MetaTrader 4, MetaTrader 5
  • Very low minimum deposit on Micro account
  • Regulated across multiple major jurisdictions
  • Strong regional support and local payment methods
Read ReviewVisit Broker
XM

XM

Best for: Very low deposit and wide account choice

4.5/ 5
Regulation
ASIC (Australia)
Min. deposit
$100
Spread from
0.6 pips (Ultra Low account)
Platforms
MetaTrader 4, MetaTrader 5
  • Very low minimum deposit
  • Wide choice of account types including a Shares account
  • Large library of webinars and educational content
Read ReviewVisit Broker

Full comparison table

BrokerRatingBest forRegulationMin. depositSpreadPlatformsReview
Northgate Markets4.6/ 5Low-cost EUR/USD tradingPlaceholder regulator A, Placeholder regulator B$1000.2 pipsMetaTrader 4, MetaTrader 5, Web platformRead Review
Meridian FX4.4/ 5Beginners and educationPlaceholder regulator C$1000.8 pipsProprietary web, Mobile appRead Review
Atlas Trade4.2/ 5Algorithmic and API tradingPlaceholder regulator D$1000.4 pipsMetaTrader 5, cTrader, REST APIRead Review
Harbour Capital4.1/ 5Wide market accessPlaceholder regulator E, Placeholder regulator F$1000.6 pipsMetaTrader 5, Web platform, Mobile appRead Review
IC Markets4.7/ 5Low-cost ECN trading for active and algo tradersASIC (Australia), CySEC (Cyprus), FSA (Seychelles)$1000.0 pips (Raw Spread, plus commission)MetaTrader 4, MetaTrader 5, cTraderRead Review
VT Markets4.3/ 5Beginners wanting a low entry depositASIC (Australia), FSC (Mauritius)$1000.0 pips (Raw account, plus commission)MetaTrader 4, MetaTrader 5Read Review
FX Primus3.9/ 5Traders wanting flexible account and copy-trading optionsCySEC (Cyprus)$1001.0 pipsMetaTrader 4Read Review
ForexTime (FXTM)4.4/ 5Traders in Africa and Asia wanting local supportFCA (UK), CySEC (Cyprus), FSCA (South Africa)$1000.0 pips (Advantage account, plus commission)MetaTrader 4, MetaTrader 5Read Review
XM4.5/ 5Very low deposit and wide account choiceASIC (Australia), CySEC (Cyprus), FSC (Belize)$1000.6 pips (Ultra Low account)MetaTrader 4, MetaTrader 5Read Review

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