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5 Best Lowest Spread Forex Brokers for 2024

Searching for the top forex broker with the lowest spread? Based on our hands-on analysis, we’ve identified the best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
Aviva Gurevich
Updated: May 22, 2024

List of Top Lowest Spread Brokers

Best brokers for US traders

80+ spot forex pairs with competitive pricing. Accepts traders from the US. Leverage and margin trading.

Best brokers for international traders

Zero spreads, low fees, no requotes. MT4, MT5, cTrader, and auto-trading. Research and education tools.

Raw spread ECN trading account. 800+ instruments. Multiple platforms and trading tools.

Tightly regulated. Several proprietary platforms. Guarding Angel suits for MT4 and MT5. Free VPS hosting.

Low spreads on all accounts. Smart Trader Tools MT4 upgrade. Access high leverage.

What is spread in forex trading?

In forex trading, the spread refers to the difference between the bid price and the ask price of a currency pair. The bid price is the price at which you can sell the currency, while the ask price is the price at which you can buy it. This difference represents the broker’s fee for executing the trade.

For example, if the EUR/USD pair is quoted with a bid price of 1.1200 and an ask price of 1.1205, the spread is 5 pips. Traders prefer lower spreads as they imply a lower cost for trading. Spreads can be either fixed or variable, and they can widen or narrow depending on market conditions, such as volatility and liquidity. In forex, spreads are one of the key factors traders consider when choosing a broker.

How did FX Empire choose the Best Lowest-Spread Brokers?

Fx Methodology at a Glance

To choose the best lowest-spread brokers in the industry, I have taken the data from our 250-point checklist when reviewing a broker and opening a trading account with them. Special consideration has been given to the following features:

  • Overall high score in our rating system
  • Lowest spreads possible compared to the industry average
  • Spreads without high mark-ups with access to raw spread pricing
  • Low fees and commissions per lot (100,000 units of currency traded)
  • The broker’s minimum deposit, and whether it is high or low
  • The overall quality of the broker, its regulation, and reputation
  • The trading platforms offered and additional trading tools available
  • The variety of tradable instruments

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

This analysis, along with my own personal trading experience, has led to the findings and research below for the best lowest spread brokers.

Best Overall

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
    $200
  • Tradable Instruments
    2251
  • Fees
    Low

Founded in 2007, IC Markets is based in Sydney, Australia, and is authorized and regulated by CySEC, ASIC, SCB and the FSA of Seychelles, providing access to more than 1,700 financial instruments. The broker is considered the ‘go-to’ for serious forex traders seeking ultra-low spreads and commissions with zero requotes and no restrictions on trading strategies.

  • The cTrader Raw Spread account – offers the lowest forex spreads starting from 0.0 pips and the lowest commission from $3.00 per 100,000 units of currency traded, per side.
  • The MetaTrader Raw Spread account also offers forex spreads from 0.0 pips but with commissions of $3.50 per 100,000 units of currency traded, per side.
  • The Standard Account offers forex spreads from 0.6 pips but charges no commission to buy or sell.
  • In the course of our fee test, when opening a live commission-free Standard Account, the spread for EUR/USD during the London and New York session was 0.6 pips and averaged 1.35 pips for GBP/JPY.

There is also a swap fee when holding a trade overnight due to the ‘borrowing’ of capital when using leverage or margin-based CFD accounts. This is based on interest rates and a broker markup but was in line with the industry average.

From my personal experience, I have found that the spreads with IC Markets are very competitive and much better than the industry average, where many brokers will quote around 1.0 pip for EUR/USD and more than 3.0 pips for GBP/JPY on a commission-free trading account.

While IC Market’s commission per trade is lower using the cTrader platform than the MetaTrader platform, they are both in line with the industry average. However, I also found that all trading styles are allowed and, uniquely, there is no order distance restriction. This means you can place orders very close to the market price and have them filled with no requotes.

Another reason why IC Markets is considered the best overall broker is that I found you can upgrade your MetaTrader platform with additional trading tools such as an alarm manager, correlation matrix, and sentiment indicator, and access an impressive range of educational materials such as webinars, podcasts, and news articles.

Pros
  • Competitive pricing across all account types.
  • Advanced trading tools.
  • Great research and education.
  • Access to cTrader and MetaTrader platforms
Cons
  • The offering may be overwhelming for beginners.

Best for Tradable Instruments

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

Founded in 2005, FP Markets is based in Sydney, Australia, is authorized and regulated by ASIC and CySEC, and has an unregulated entity based in St. Vincent and the Grenadines. The broker has become a leader in the industry, providing access to more than 840 tradable instruments covering forex, shares, commodities, indices, cryptos, bonds, and ETFs with competitive fees.

  • The Raw Account offers the lowest forex spreads starting from 0.0 pips and the lowest commission from $3.00 per 100,000 units of currency traded, per side for MT4, MT5, and cTrader platforms.
  • The Standard Account offers forex spreads from 1.0 pips but with zero commission to buy or sell for MT4, MT5, and cTrader platforms.
  • When opening a live, commission-free Standard Account, the spread for EUR/USD during the London and New York session averaged 1.1 pips and averaged 1.70 pips for GBP/JPY, with overnight swap fees slightly higher than the industry average.

From my personal trading experience, I find that the spread on EUR/USD for a commission-free trading account is in line with the industry average. However, the spread is much better than the industry average for GBP/JPY, which can sometimes reach over 3.0 pips.

I also found that the commission of $3.00 per 100,000 units of currency traded, per side, is better than the industry average for using MetaTrader, which is typically around $3.50. The mere fact you can access the MT4, MT5, and cTrader platforms is also great.

There is a decent range of tradable instruments too. This includes 72 currency pairs, 17 commodities, 18 indices, 12 cryptos, 46 ETFs, and more than 680 European, US, UK, and Asia shares. You can also open an IRESS platform trading account and trade more than 15,000 shares using direct market access.

Pros
  • 840+ financial instruments.
  • Raw spread ECN trading account.
  • Multiple platforms and trading tools.
  • Competitive fees.
Cons
  • Lack of research materials on the CySEC entity.

Best Trading Platform Selection

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

AvaTrade was founded in 2006 in Dublin, Ireland, and offers more than 840 tradable instruments that can be traded as CFDs and vanilla options. This diversity affords traders greater flexibility.

AvaTrade offers several proprietary platforms (Ava Web Trader, AvaOptions, and AvaSocial), and it also incorporates MetaTrader 4 and MetaTrader 5, and DupliTrade. The platforms are versatile and cater to the needs of different traders.

Ava Web is suitable for carrying out advanced technical analysis because of its fluid charting capabilities. Meanwhile, MT4 and MT5 allow basic technical analysis and easy order execution. AvaSocial and DupliTrade connect signal providers and signal followers and facilitate social trading.

I also determined that AvaTrade’s prices fall marginally below the industry average. The combination of zero commissions and floating spreads from 0.9 pips is suitable for day trading. I also measured the broker’s swaps and determined that they were suitable for longer-term trading. Indeed, AvaTrade’s overnight charges are quite favorable for swing trading and position trading.

Pros
  • Multiple regulations.,
  • A choice of versatile platforms and apps.
  • 840+ tradable instruments.
  • Free VPS hosting.
Cons
  • Limited account selection.

Best MT4

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
    $50
  • Tradable Instruments
    935
  • Fees
    Low

Founded in 2009, Vantage is based in Sydney, Australia, and is authorized and regulated by ASIC, the VFSC, FSCA, and CIMA, providing access to trade on more than 900 financial instruments from the MetaTrader 4 trading platform with an upgraded Smart Trader Tools package.

  • The Pro ECN account offers the lowest forex spreads starting from 0.0 pips and the lowest commission from $1.50 per 100,000 units of currency traded, per side.
  • The Raw ECN account also offers forex spreads from 0.0 pips but with commissions of $3.00 per 100,000 units of currency traded, per side.
  • The Standard STP Account offers forex spreads from 1.0 pips but charges zero commission to buy or sell.
  • When opening a live, commission-free Standard Account, in the course of our fee test during the London and New York session, the spread for EUR/USD averaged 1.3 pips and 2.65 pips for GBP/JPY, with swap fees in line with the industry average.

On the face of it, the Pro ECN looks the best for fees. However, there is a minimum deposit of $10,000. The Raw ECN account is the most popular choice, according to the broker, which has a minimum deposit of only $50, which, in my opinion, is a great place to start.

I was surprised to find that the commission from the Raw ECN account was only $3.00 per 100,000 units of currency traded, per side, as this is better than the industry average, especially with such a low minimum deposit.

Vantage provides the ability to trade from its own mobile trading app, as well as the MetaTrader 4 trading platform for PC, Mac, and mobile. The MT4 platform is one of the most popular platforms in the world and provides access to 9 timeframes, more than 80 technical indicators, and the capability for algorithmic trading.

The broker also offers you the ability to upgrade your MT4 platform with its Smart Trader Tools package. These are extra indicators for the platform, which include a correlation matrix, sentiment trader, and mini-terminal. Having used the correlation matrix myself, it is great to help with risk management and ensure you’re not trading markets that are highly correlated with one another.

Pros
  • Low spreads on all accounts.
  • Competitive commission.
  • Smart Trader Tools MT4 upgrade.
  • Access high leverage.
Cons
  • Some entities regulated offshore.

Best for US Traders

Forex trading involves risk. Losses can exceed deposits.
  • Min Deposit
    $250
  • Tradable Instruments
    82
  • Fees
    Low

IG has been a heavyweight in the industry since being established in 1974. IG US was launched in 2019 to bring margin-based foreign exchange trading to US citizens. IG US is registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA) and provides access to competitive forex fees and trading platforms.

  • US traders may like to know that the margin required to trade EUR/USD is only 2%. This means you only need to put up 2% of the total trade value to open a trade, which, in my experience, is even better than what is offered to non-US traders with a tier-1 regulated broker.
  • High-volume traders can also access spread rebates. For example, if you trade more than $100 million in notional value a month, you can gain a 5% spread rebate.
  • IG US offers one type of live trading account to trade more than 80 currency pairs, which include majors, minors, Australasian, Scandinavian, exotics, and emerging pairs.
  • While IG US promotes a minimum spread of 0.8 pips on EUR/USD and USD/JPY, our fee test showed that its own average spread figures are 1.3 pips and 1.8 pips respectively. This is likely because spreads are lowest during the London and New York session and higher outside of these sessions, raising the average 24-hour, 5-days-a-week figure.
  • There are zero commissions to buy and sell, as it is all built into the spread. This is also why the spread may seem higher than some other US forex brokers who will have lower spreads but also charge a commission to buy and sell.

When comparing IG US’s spreads to other US forex brokers, they do come out slightly higher than average. However, this is compensated by low overnight swap fees, zero commissions to buy and sell, and access to advanced trading platforms which have a lot of useful features.

For example, I found that the IG web trading platform is top-notch. It provides a simple, clean, and user-friendly design that can be customized easily. I particularly enjoyed the in-built news and analysis from IG’s own in-house analysts, as well as its own automated chart pattern recognition tool directly on the web platform.

With IG US, you can also access the MetaTrader 4 trading platform and ProRealTime. Having used ProRealTime myself, it can be a great addition to your trading, as you can create automated algorithmic trading strategies using very simple scripts.

Pros
  • Accepts traders from the US.
  • Trade 80+ spot forex pairs with competitive pricing.
  • Access leverage and margin trading.
  • Trade from IG’s feature-rich web platform, MT4, and ProRealTime.
Cons
  • Only foreign exchange pairs are available.

How to choose the best low-spread broker?

Here are some key points to take into consideration when choosing the lowest-spread broker to trade with.

Why is it important to choose a regulated broker?

Selecting a regulated broker is crucial as they are the ones that not only hold your funds but also execute your trades. If the broker is not properly overseen by a financial regulator, your funds could be at risk, and your trades may be executed without any best practices.

Choosing a broker that is overseen by a governmental financial body provides a higher level of safety and security. However, not all financial regulators are equal. In our evaluations, we classify financial regulators into three categories:

  • Tier-1 regulators are from more established financial jurisdictions and include the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
  • Tier-2 regulators are lesser-known financial jurisdictions but are still deemed to be of a high standard, such as the Dubai Financial Services Authority (DFSA) and the Financial Markets Authority of New Zealand (FMA).
  • Tier-3 regulators are typically from offshore-based nations, like the Vanuatu Financial Services Commission (VFSC) and the Securities Commission of the Bahamas (SCB).

Many brokers may have entities within their global organization that are governed by tier 1, tier 2, and tier 3 regulators, but they may also have entities that are not regulated at all, such as entities registered in St. Vincent and the Grenadines.

Having traded with many different brokers myself, I would say it is wise to verify which entity you are opening a trading account with and where and how they are regulated for peace of mind. However, the protections available to you from regulators also vary depending on the jurisdiction.

For example, traders who open an account with an FCA-regulated broker also qualify for the Financial Services Compensation Scheme (FSCS), which covers up to 85,000 GBP in case of broker insolvency. The Cyprus Securities and Exchange Commission (CySEC) makes sure brokers are part of the Investor Compensation Fund, which covers up to 20,000 EUR in case of insolvency.

On top of this, several tier 1 regulators will also enforce a negative balance protection policy on a broker’s retail trading clients while also enforcing that client funds should be segregated from company funds. However, many tier 2 and tier 3 brokers may also offer this service even though it may not be mandatory for them to do so, which I believe is a plus point.

I would not recommend trading with an unregulated broker, as there is no protection available if they decide to run away with your funds. Here you can find our guide on the best regulated forex brokers.

What fees should you be aware of when choosing a broker?

When choosing a broker, it is important to be aware of the different types of fees. These can be divided into two categories: trading fees and non-trading fees.

Trading fees are those that are charged when opening, closing, or holding a trade. Some common trading fees include spreads, commissions, and swaps. The spread is the difference between the buy and sell price and should ideally be as low as possible. Commission fees should also be low, while swap fees are charged for holding leveraged positions overnight (this is because you effectively borrow funds from the broker to control a larger position).

Brokers may offer accounts with zero spread but charge a commission or accounts with a higher spread and no commission. In our reviews, we consider the benchmark spread for EUR/USD to be 1.0 pips on a commission-free trading account. Anything below is good, anything above is high. Check out our guide on the best forex brokers with zero spreads.

For cross-currency pairs such as GBP/JPY, we consider a high spread to be above 5 pips and a low spread to be below 3 pips. Commission-based trading accounts also have a benchmark spread for EUR/USD averaging around 0.1 pips. Commission fees higher than $5 per 100,000 units of currency traded per transaction are considered high, as the industry benchmark is around $3.50.

There are also non-trading fees to take into consideration. These include fees for account management and deposits/withdrawals. Most retail brokers do not charge a fee just to have an account open, but they may charge an inactivity fee if there hasn’t been any activity on your account for a while. It’s also important to check the fees for deposits and withdrawals, as some brokers may charge for one or both options.

What is the best type of account for the lowest spreads?

Brokers can offer a variety of different account types for trading in the financial markets. Usually, the differences are based on the execution model or the minimum deposit.

The different types of execution accounts typically include:

  • STP (Straight Through Processing). This is where orders are sent directly to the broker’s liquidity provider. Here you can find our guide on the best STP forex brokers.
  • ECN (Electronic Communications Network). This is where orders are matched with prices from multiple liquidity sources such as investment banks.
  • DMA (Direct Market Access). This is where clients trade directly with interbank market participants.

The ECN account types tend to offer the best spreads but are also usually commission-based, so be sure to check what those are. You can check the execution type of your broker and account by referring to its legal documents and terms and conditions, as regulated brokers must be transparent regarding this information.

Read more about Best STP forex brokers and Best ECN forex brokers.

Brokers may also offer account types based on the minimum deposit. For example, a Standard Account may have a minimum deposit of $100, and a Premium Account – a minimum deposit of $5,000. Brokers will typically offer lower spreads, commissions, and more trading tools to those with higher account balances.

Researching all the account types a broker has to offer is important to make an informed decision. You can test different account types by opening a demo trading account so you can trade in a virtual environment and practice risk-free.

Which trading platform is best to use?

Most trading brokers will offer the use of the popular MetaTrader 4, MetaTrader 5, and cTrader trading platforms, which can be accessed through desktop, web or mobile devices. While the desktop platform offers the most features, including automated trading capabilities, it’s important to also consider the broker’s proprietary trading platform.

The broker’s own platform may offer additional features, such as real-time news and trading ideas. It is important to consider your trading needs and choose the appropriate platform. There is a lot of helpful information online regarding MT4, MT5, and cTrader, which are not as user-friendly as a broker’s own platform.

Other platforms that are also used include TradingView, ProRealTime, and CQG. TradingView is a good option to have as it is web-based and user-friendly. I would suggest using a demo account or trial period to see what works for you.

From my own personal experience, it is wise to choose a broker that provides access to multiple trading platforms, so if one platform experiences any issues, you can use another one without any downtime.

Check our guides on the best MT4 brokers, best MT5 brokers, and best cTrader brokers.

Our Methodology

FX Empire has been a pioneer in broker reviews. Our methodology for evaluating brokers has evolved over time, growing in depth and checkpoints to keep up with industry changes.

Our rating system is based on nine core categories: trust, fees, platforms and tools, tradable instruments, customer service, deposit and withdrawals, account types, research, and education.

Each of these categories includes more than 250 data checkpoints that are measured side-by-side with other brokers to determine how competitive a broker’s offering is in relation to the industry average.

These detailed evaluations give our readers a higher level of confidence in selecting the right broker for them.

To select the best lowest spread brokers, I have used the findings from our research team and have also further refined the brokers according to the following factors:

  • Lowest spreads possible compared to the industry average
  • Spreads without high mark-ups with access to raw spread pricing
  • Low fees and commissions per lot (100,000 units of currency traded)
  • The broker’s minimum deposit, and whether it is high or low
  • The overall quality of the broker, its regulation, and reputation
  • The trading platforms offered and additional trading tools available
  • The variety of tradable instruments

By researching and analyzing these factors, I have presented you with the best options for low-spread brokers to consider and research further. A good way to get started is to test the features of a broker using a demo trading account first.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

IC Markets is a top rate broker offering low spreads and low commissions with no order distance restrictions and requotes. Other low-spread brokers include Tickmill, IG US, Vantage, and GO Markets.
A zero spread broker is a broker which provides spreads from 0.0 pips. This is not to be confused with a broker that provides zero spreads on all instruments at all times as they do not exist. But many brokers will provide access to raw market pricing where spreads can start from 0.0 pips.
The typical spreads for majors vary depending if you are on a commission-free or commission-based trading account. On a commission-free trading account, the typical spread for EUR/USD will average around 1.0 pips. For a commission-based trading account, the typical spread for EUR/USD should average around 0.1 pips.
A forex spread is calculated based on market liquidity factors and a broker’s own markup. The spread is the difference between what someone is willing to buy for and sell for. This is essentially the difference between the buy price and the sell price. A broker will then add their fee to the spread.
A fixed spread trading account means the broker is offering you a fixed spread on a market where you are trading against the broker and not in the market. A variable spread trading account means you are being offered spreads that will fluctuate and vary based on market liquidity.
A zero spread account will typically be a raw pricing ECN trading account. This means you are receiving raw pricing from the interbank market. However, these types of accounts are likely to charge a commission to buy and sell.
Most low-spread or zero-spread trading accounts will also charge a commission to buy and sell. Make sure you know what this is and try to trade with a broker where this is as low as possible.
The typical minimum deposit for a low-spread or zero-spread account can vary. Some low-spread brokers on this page have a minimum deposit of just $50, whereas some have a minimum deposit of $10,000.
The broker is offering low spreads as you are most likely receiving pricing from the interbank market. As the broker has not marked the spread up, they will charge a commission when you buy and sell which is their revenue.
This depends on the broker. However, low-spread brokers such as IC Markets specifically state that there are no restrictions or limitations on trading strategies.
It is ideal to trade with top-tier regulated brokers. Tier 1 regulated brokers such as those regulated by the UK FCA, CySEC, or ASIC tend to offer the highest level of protection to a broker’s client. While tier 2 and tier 3 brokers may still be reputable, it is worthwhile checking that they segregate client funds from company funds and offer a negative balance protection policy which tier 1 regulated brokers must offer as standard.
Yes, zero-spread forex brokers are suitable for all traders as this means you are trading the market with spreads that start from zero. You will likely be charged a commission to buy and sell so make sure you know what this is and you are happy with it.
Negative balance protection makes it possible for clients to ensure that accounts do not go below zero from any adverse movement in the market.
Tier 1 regulated brokers have to provide negative balance protection as a regulatory requirement for retail traders. For other regulated brokers, you should check the terms and conditions of your broker.
A compensation scheme provides insurance protection to clients in the event of insolvency of the broker.
The UK FCA and CySEC make it a regulatory requirement to offer a compensation scheme. With other regulated brokers you should check the broker’s terms and conditions.
A segregated fund, also known as a segregated account, is an account that holds clients’ funds of a broker. This ensures that client funds are “segregated” and kept apart from the broker’s funds so client capital is not used as a funding method for the broker’s operations.
Tier 1 regulated brokers make it a regulatory requirement to segregate funds. For other regulated brokers you need to check the broker’s terms and conditions.

About the Author

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.