Compare Forex Brokers Side by Side
Unbiased reviews and comprehensive comparisons to help you choose the right broker for your trading needs.
| Broker | Rating | Min Deposit | Spreads | Platform |
|---|---|---|---|---|
|
XM Group
CySEC, ASIC
|
$5 | 0.6 pips | MT4, MT5 | |
|
Exness
FCA, CySEC
|
$10 | 0.1 pips | MT4, MT5 | |
|
Libertex
CySEC
|
$100 | From 0.0 pips | Web, Mobile | |
|
Pepperstone
ASIC, FCA
|
$200 | 0.0 pips | MT4, MT5, cTrader | |
|
IC Markets
ASIC, CySEC
|
$200 | 0.0 pips | MT4, MT5, cTrader |
Broker Reviews
Read detailed reviews from verified traders. Real experiences and honest feedback about each broker.
Libertex (2 reviews)
User-friendly platform perfect for beginners. The interface is intuitive and easy to navigate. Spreads are competitive and the educational materials are very helpful.
1 week agoExcellent broker with a clean, modern platform. The web-based interface works great on any device. Customer service is responsive and helpful.
2 weeks agoXM Group (3 reviews)
Excellent broker! The spreads are competitive and execution is fast. Customer support is available 24/7 and they're very helpful. I've been trading with XM for over 2 years and never had any issues with withdrawals.
2 weeks agoGood broker overall. The platform is stable and spreads are reasonable. The only downside is that some exotic pairs have wider spreads. Customer service responds quickly to inquiries.
1 month agoLow minimum deposit, plenty of account types, and fast support. I’d like a bit more depth on exotic pairs, but majors have been solid.
3 weeks agoExness (2 reviews)
Ultra-low spreads and instant withdrawals make Exness my top choice. The platform is user-friendly and the mobile app works perfectly. I've never experienced any slippage issues.
1 week agoAmazing broker! The spreads are the lowest I've seen, especially on major pairs. Withdrawals are truly instant - money appears in my account within minutes. Highly professional service.
5 days agoPepperstone (2 reviews)
Great execution and tight pricing on major pairs. The platform selection is excellent and support has been responsive.
1 week agoSolid broker for active traders. I’d like more education for beginners, but the trading conditions are strong.
3 weeks agoIC Markets (2 reviews)
Very competitive spreads and good execution. The overall experience is consistent for day trading.
2 weeks agoFast onboarding and reliable platform options. I’d like clearer fee breakdowns in one place.
1 month agoVerified Reviews
All reviews are verified by real traders
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Up-to-date spreads and commission information
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Broker Comparison
Compare brokers side by side using our comprehensive comparison tool. Filter by spreads, leverage, regulation, and more to find the perfect broker for your needs.
Comparison Features
Spreads
Compare trading costs
Leverage
Evaluate leverage options
Regulation
Check regulatory status
Platforms
Compare trading platforms
Compare brokers
Select up to 3 brokers, then compare key stats side by side.
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Trading Strategies
Learn proven trading strategies used by professional traders. From scalping to swing trading, find the strategy that fits your trading style.
Scalping
Profit from small price movements with quick trades. Requires discipline and low spreads.
Best for liquid pairs, tight stops, and a strict session plan.
- Focus on spread + commission costs
- Use predefined entries and exits
- Keep risk per trade small
Day Trading
Open and close positions within the same day. Ideal for active traders who can monitor markets.
Prioritize high-volume sessions and clear intraday levels.
- Plan trades around key news events
- Avoid holding overnight risk
- Track daily risk limits
Swing Trading
Hold positions for several days or weeks to capture medium-term trends. Perfect for part-time traders.
Use higher timeframes, wider stops, and clear trend filters.
- Size positions for wider volatility
- Review trades daily, not hourly
- Use alerts to manage entries
Trading Tools
Essential tools for forex traders including calculators, converters, economic calendars, and market analysis tools.
Position Size Calculator
Calculate a position size based on balance, risk, stop-loss, and pip value.
Pip Value Calculator
Estimate pip value for common pairs (USD account) using lot size and price.
Currency Converter
Convert amounts using a custom exchange rate (works offline).
Learn Trading
Comprehensive educational resources to help you become a successful forex trader. From beginner courses to advanced trading concepts.
Beginner Course
A step-by-step course that covers the foundations and helps you place your first trades with confidence.
- How forex works, pairs, and pips
- Order types, leverage, and margin
- Risk basics and position sizing
Intermediate Course
Structure your trading plan with clear setups, rules, and performance tracking.
- Market structure and trend filters
- Entry/exit rules and trade management
- Journaling and review routines
Market News
Stay updated with the latest forex market news, broker updates, and economic events.
EUR/USD Reaches New Highs
The euro strengthened against the dollar as traders repriced rate expectations and risk sentiment improved.
2 hours ago
New FCA Regulations
The FCA published updated guidance for marketing and risk disclosures for retail FX products.
5 hours ago
Broker Spread Reductions
Several brokers announced spread changes on major pairs. Always check the full fee schedule and trading conditions.
1 day ago
About Us
Brokercompare provides transparent, practical broker reviews and beginner-friendly trading resources.
How we rate brokers
We score trading costs, platforms, regulation, deposits/withdrawals, and support. We also highlight who a broker is best for.
Transparency
If we use affiliate links, we label them. This helps keep the site free—without changing our ratings.
Education first
We focus on risk management, realistic expectations, and repeatable processes—not hype.
Contact
Questions, corrections, or a broker to review? Email us and we’ll respond.
Trading Guides
Comprehensive guides covering all aspects of forex trading.
Risk Management
Position sizing, stop-loss rules, and how to avoid account-killing mistakes.
Glossary
Quick definitions for the terms you’ll see in broker reviews and trading guides.
- Spread
- The difference between the bid and ask price. Lower spreads generally mean lower trading costs.
- Leverage
- Borrowed exposure that increases position size. It can amplify both gains and losses.
- Pip
- A standard unit of price movement in FX (often 0.0001, or 0.01 for JPY pairs).
- Margin
- Capital required to open and maintain a leveraged position.
FAQ
Quick answers to common questions about brokers, trading costs, and safety.
Are all brokers regulated?
We prioritize regulated brokers, but regulation depends on your country. Always verify the entity and license on the regulator’s website.
What matters most when choosing a broker?
Regulation, total costs (spread + commissions), reliable withdrawals, and platform stability. Bonuses should never be the main reason.
Is forex trading risky?
Yes. Leverage can magnify losses. Use position sizing, stop-losses, and never risk money you can’t afford to lose.
Privacy
We keep data collection minimal. If you contact us, we only use your email to respond.
- We do not sell personal data.
- We may use basic analytics to understand page performance.
- You can request deletion of emails you’ve sent us.
Terms
By using this site, you agree to use the content for informational purposes only.
- We do not provide financial advice.
- Broker conditions can change; always confirm on the broker’s website.
- You are responsible for your trading decisions.
Disclaimer
Trading leveraged products involves significant risk and may not be suitable for everyone.
This website is for educational and informational purposes only and does not constitute investment advice.
Past performance is not indicative of future results. You can lose more than your deposit when trading with leverage.