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Due diligence first

Forex Brokers that We Use

Note: This page is educational only and not financial advice. Always review the legal documents and regulations for any broker you choose.

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Traders researching regulated brokers
High Risk Warning: Trading Forex, CFDs, and futures involves substantial risk and may not be suitable for everyone. You can lose more than your initial investment. Past performance is not indicative of future results.
Disclosure: We may receive a small referral fee if you open an account via links on this page. This helps us improve our education—at no extra cost to you.

Side-by-side comparison

Regulation, pricing, pros & cons at a glance.
Why these brokers? Choosing tips
Broker Regulator(s) EURUSD Spread & Commission Pros Cons Rating Actions
IC Markets
 ASIC, CySEC, FSA 0.1 pips + $3.50/lot commission
  • Spreads from 0.0 (raw)
  • Low minimum deposit ($200)
  • Leverage up to 1:500
  • EU clients limited to 1:30 leverage (CySEC)
10.0/10
Read review Open Account
BlackBull Markets
 FMA, FSA 0.8 pips + $0/lot commission
  • Solid reputation
  • ECN-style accounts
  • Leverage up to 1:500
  • Not regulated in EU
  • Institutional accounts require higher deposits
10.0/10
Read review Open Account
Eightcap
 SCB, AFSL, FCA, CySEC 0.1 pips + $1/lot commission
  • Competitive spreads
  • Fast execution
  • Wide instruments
  • Limited research tools
10.0/10
Read review Open Account
Deriv
 Varies by entity — verify on site Raw/Standard; pricing varies by entity — verify
  • Multiple entities & instruments
  • MT5 / Deriv X platforms
  • Straightforward onboarding
  • Entity/regulatory differences to review
  • Instrument availability varies
9.2/10
Read review Open Account
AvaTrade
 Multiple global entities — verify Standard/Fixed; check entity-specific spreads
  • Wide range of platforms (MT4/5, AvaOptions, web)
  • Strong education/help resources
  • Social/Copy trading options
  • Pricing & features differ by region
  • Inactivity/administration fees possible
9.0/10
Read review Open Account
Axi
 Multiple entities (ASIC/FCA/… ) — verify Raw/Standard; competitive spreads on major FX
  • Clean pricing on majors (raw)
  • MT4/MT5 support, add-ons
  • Active trader perks (entity-dependent)
  • Product list varies by region
  • Entity differences to evaluate
9.0/10
Read review Open Account
Pricing/conditions change over time. Verify on the broker’s official website before you decide.

Highlights at a glance

IC Markets

10.0/10
ASIC, CySEC, FSA
EURUSD: 0.1 pips + $3.50/lot commission
  • Spreads from 0.0 (raw)
  • Low minimum deposit ($200)
  • Leverage up to 1:500
  • EU clients limited to 1:30 leverage (CySEC)
Read review Open Account

BlackBull Markets

10.0/10
FMA, FSA
EURUSD: 0.8 pips + $0/lot commission
  • Solid reputation
  • ECN-style accounts
  • Leverage up to 1:500
  • Not regulated in EU
  • Institutional accounts require higher deposits
Read review Open Account

Eightcap

10.0/10
SCB, AFSL, FCA, CySEC
EURUSD: 0.1 pips + $1/lot commission
  • Competitive spreads
  • Fast execution
  • Wide instruments
  • Limited research tools
Read review Open Account

Deriv

9.2/10
Varies by entity — verify on site
EURUSD: Raw/Standard; pricing varies by entity — verify
  • Multiple entities & instruments
  • MT5 / Deriv X platforms
  • Straightforward onboarding
  • Entity/regulatory differences to review
  • Instrument availability varies
Read review Open Account

AvaTrade

9.0/10
Multiple global entities — verify
EURUSD: Standard/Fixed; check entity-specific spreads
  • Wide range of platforms (MT4/5, AvaOptions, web)
  • Strong education/help resources
  • Social/Copy trading options
  • Pricing & features differ by region
  • Inactivity/administration fees possible
Read review Open Account

Axi

9.0/10
Multiple entities (ASIC/FCA/… ) — verify
EURUSD: Raw/Standard; competitive spreads on major FX
  • Clean pricing on majors (raw)
  • MT4/MT5 support, add-ons
  • Active trader perks (entity-dependent)
  • Product list varies by region
  • Entity differences to evaluate
Read review Open Account

Why did we select these brokers?

We prioritize regulation, pricing, and reliability. Our community has traded with these brokers and shared feedback in detail. Still, you must do your own due diligence.

It is essential to use a regulated broker. Common regulators include CFTC/NFA (USA), FCA/FSA (UK), and CySEC (Cyprus). Always verify the specific legal entity and product disclosures you’ll be onboarded under.

Even with a profitable strategy, high spreads/commissions/swaps can erode returns. Compare costs (including financing) on the exact account type you’ll use.

Independent, consistent reviews matter—especially around withdrawals, support, and execution quality. Read current feedback, not just historical opinions.

More tips when choosing a broker

  • Open demo + live (unfunded) accounts; backtest and compare quotes/execution flows.
  • When going live, start with the smallest deposit possible; test trades and withdrawals.
  • If using Expert Advisors, test the same EAs on live (0.01 lots) and demo; compare results.
  • Don’t depend on one broker. Having alternatives gives flexibility and more historical data sources.
  • Broker practices can change—review T&Cs and fees periodically.
Educational purpose only: We’re not investment advisors and do not provide recommendations. Always read the legal documentation of the broker and consult an independent advisor if unsure.