14 Best Forex Brokers for 2026

Pepperstone is a globally regulated forex and CFD broker founded in 2010 and headquartered in Melbourne, Australia. Clients can access trading in 1,400+ instruments via an outstanding range of platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the Pepperstone mobile app.

Key Features:

• Regulators: FCA (1:30 leverage), CySEC (1:30 leverage), BaFin (1:30 leverage), ASIC (1:30 leverage), DFSA (1:30 leverage), CMA (1:400 leverage) and SCB (1:200 leverage).
• Average spread for EUR/USD: 1 Pip.
• Trading platforms: MT4, MT5, cTrader, TradingView, Pepperstone app.
• Unique features: Razor Account with raw spreads starting at 0.0 pips plus commission, deep liquidity, no requotes.

Pepperstone provides first-class order execution with a 99.5% fill rate and no dealing desk intervention. Traders benefit from ultra-fast execution speeds, as low as 30ms. VPS hosting provides low latency trading and protects against power outages, system downtime, and connectivity failures.

Pepperstone goes above and beyond in its range of tradable instruments, providing CFDs on exotic currency pairs, ETFs, and currency indices, which are unavailable at many competing brokers.

The broker also provides numerous third-party tools such as Capitalize.ai and Autochartist, and custom indicators and Expert Advisors for MetaTrader 4 and 5. Unlike many brokers, Pepperstone does not charge an inactivity fee or fees for deposits and withdrawals.

FXTM is an ECN broker offering interbank market spreads. It was founded in 2011 and is authorized and regulated by the UK FCA, CySEC, FSCA and the FSC Mauritius. Professionals can access commission-free ECN accounts from advanced trading platforms and become a strategy manager on its copy trading platform.

Key Features:

• Regulators: UK FCA (1:30 leverage), CySEC (1:30 leverage), FSCA (1:30 leverage), and the FSC Mauritius (1:1000).
• Average spread for EUR/USD: 2.0 pips with zero commission.
• Trading platforms: MT4, MT5, and FXTM mobile app.
• Unique features: Trading signals three times daily from Acuity Signal Centre.

During our live fee test, the average spread for EUR/USD during the London and New York sessions was 2.0 pips on the commission-free Advantage Account. Professional traders might prefer the Advantage Plus Account, which offers spreads starting at 0.1 pips directly from the interbank market.

Although the Plus Account has more competitive spreads, it includes a commission of $2.50 per lot per side, still lower than the industry average of $3.50, making it an attractive option for high-frequency and active professional traders.

The FXTM Invest portal, the broker’s copy trading service, allows professionals to become strategy managers and earn extra income from followers. Managers can receive up to a 30% profit share on profitable trades from each investor following their strategy.

FP Markets was founded in 2005 and is regulated by CySEC, FSCA, and ASIC, also having one unregulated entity based in St. Vincent and the Grenadines. The FP Markets mobile app allows you to trade on more than 70 currency pairs and access hundreds of shares, commodities, indices, and cryptos.

Key Features:

• Regulators: ASIC (1:30 leverage), CySEC (1:30 leverage), FSCA (1:500 leverage), with one unregulated entity based in St. Vincent and the Grenadines (1:500 leverage).
• Average spread for EUR/USD: 1.1 pips with zero commission.
• Trading platforms: MT4, MT5, cTrader, and FP Markets’ proprietary mobile app.
• Unique features: ECN pricing from MT4, MT5, and FP Markets’ mobile apps.

During our live test, I found that you can trade via the MT4 and MT5 mobile trading apps for Android and iOS devices. I find these are no-frill mobile apps and not very useful for technical analysis, but ok for managing positions and opening or closing a trade.

However, I was impressed with the FP Markets mobile app. You can download it on iOS and Android devices, and just need your account number and password to log in. Opening an account and accessing this app was surprisingly easy. You open and manage accounts from the FP Markets client portal area, which can also be accessed from the mobile app.

From the app, you can trade on a wide range of currency pairs, including majors, minors, exotics, and emerging market currencies. I was surprised you are able to trade currencies such as the Colombian Peso and Ugandan Shilling which I have not seen other forex brokers offer.

Another feature I was impressed with was the charting functionality. Clean and simple to use, I found you can access 1-month, 1-week, 1-day, 4-hours, 1-hour, 30-minute, 15-minute, 5-minute, and 1-minute charts on candlesticks, hollow candlesticks, Heikin Ashi, OHLC, HLC, line, area, dots, histogram, columns, and line and dots charts – a much wider selection than the industry average.

There are over 50 indicators available in the mobile app covering all the most well-known ones, such as Bollinger Bands and MACD, and other newer ones, such as the Stochastic Relative Strength Index. While there are no drawing tools in the app, it still provides a lot of features not found in other forex brokers’ trading apps and is well worth trying out.

FxPro is a leading CFD broker regulated by multiple authorities globally, including FCA and CySEC. It offers 2,100+ tradable instruments covering forex, stocks, indices, commodities, and cryptos. All clients benefit from order execution in under 12 milliseconds, which is substantially faster than the industry average and helps give day traders and scalpers an edge.

Key Features:

• Regulators: CySEC (1:30 leverage), FCA (1:30 leverage), FSCA (1:10,000 leverage) and SCB (1:10,000 leverage).
• Average spread for EUR/USD: 1.2 pips with zero commission (Standard account).
• Trading platforms: FxPro Trading Platform, FxPro Direct Mobile App, MetaTrader 4, MetaTrader 5, and cTrader.

FxPro offers an excellent range of five platforms. The user-friendly FxPro Trading platform and app cater to beginners and casual traders, while the robust MetaTrader 4&5 and cTrader are better suited for advanced and algorithmic traders.

Spreads in the Standard Account are mostly average for the industry. However, competitive trading costs are available via the Raw+ and Elite Accounts. FxPro does not charge for deposits and withdrawals. Swap fees and inactivity fees are average for the industry.

FxPro’s support is available 24/5 via live chat, phone, and email. Across all mediums, I experienced short wait times, and agents were helpful and knowledgeable. Overall, I had a positive experience over my two-week testing period.

Swissquote boasts one of the most powerful proprietary forex trading platforms, providing access to over 3 million trading and investment products, exceptional charting capabilities, and automatic real-time pattern detection. Founded in 1996, Swissquote is based in Switzerland and authorized in multiple jurisdictions worldwide.

Key Features:

• Regulators: FINMA (1:100 leverage), the UK FCA (1:30 leverage), DFSA (1:30 leverage), SFC (1:20 leverage), MFSA (1:30 leverage), MAS (1:20 leverage), CSSF (1:30 leverage) and CySEC (1:30 leverage).
• Average spread for EUR/USD: 1.8 pips with zero commission.
• Trading platforms: MT4, MT5, and CFXD.
• Unique features: Trading Central and Autochartist plugins.

After opening an account with Swissquote, I was impressed with the broker’s proprietary CFXD platform. Having used nearly all of the trading platforms in the world over my 15-year trading career, I enjoyed how simple the Advanced Trader platform was but also all of the extra tools that are easy to access and very useful.

For example, the platform has an in-built real-time, automatic pattern recognition detector. This means you can easily identify candlesticks and chart patterns using AI technology. The layout of the platform is fully customizable and can be adjusted by using a drag-and-drop method. By saving the layout, I found it provides quick access to the different layouts I like to have for forex trading and stock trading.

During our live test, I discovered more than 50 charting tools and more than 80 technical analysis indicators, with all the most common indicators ready to use. I also discovered there are a range of order types that are not available on other platforms and some that are new to me.

This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed. I also found you can use OCO orders which can be useful in trading breakouts. This type of order combines a stop order with a limit order. Whichever one is executed first, the other order is immediately canceled.

With all the different features available in the platform, it is certainly worthwhile testing for yourself. One thing to bear in mind is that access to the full range of the 3 million investment products is only available with the entities regulated by FINMA, CSSF, and the DFSA.

Tickmill was founded in 2014 and has entities authorized and regulated by the UK FCA, CySEC, FSCA and the Labuan FSA. With Tickmill, you can access research tools such as Signal Centre, Acuity Trading, a Market Sentiment dashboard and the Tickmill Traders Club.

Key Features:

• Regulators: the UK FCA (1:30 leverage), CySEC (1:30 leverage), the FSCA South Africa (1:500 leverage), the FSA Seychelles (1:500 leverage) and the Labuan FSA (1:500 leverage).
• Average spread for EUR/USD: 1.6 pips with zero commission.
• Trading platforms: MT4, MT5, and Tickmill mobile app.
• Unique features: Signal Centre, Acuity Trading, Tickmill Traders Club and the Market Sentiment dashboard.

In my experience, having the ability to access a wide range of research tools can help to execute high-probability trades. As a trader, you want to research a market from all angles to avoid making trading decisions based on what you want to see or want to happen. This is where Tickmill really shines.

During our live test, I found that Tickmill offers an excellent and diverse range of research tools. One of my favourite research tools from Tickmill is its Market Sentiment dashboard which provides multi-asset news and sentiment visualization on more than 80,000 instruments. You can view the sentiment of an instrument on a daily or hourly basis and adjust the confidence levels on predicted sentiment levels.

Another interesting research tool provided by Tickmill is access to Signal Centre, which can be used as a plugin directly from the MT4 or MT5 trading platforms. Powered by Acuity, the tool provides market insights from an FCA-regulated signal provider across all asset classes. The signals include entry, stop loss and take profit levels and a detailed analysis of the trade idea, which I also think is an excellent learning tool for beginner traders looking to build their confidence.