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FOREX · CFDs · GOLD

Forex Brokers Compared (2026): Licences, Fees & Minimum Deposits

Forex brokers give you access to currency pairs, gold (XAUUSD), indices and other CFDs through MetaTrader 4, MetaTrader 5, cTrader and TradingView. Compare licences, costs, minimum deposits and platforms below.

BrokerScoreMin depositMax leverageSpreadsRegulation
Exness9.4$10Up to 1:Unlimited (conditions apply)From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)FCA, CySEC, FSCAVisit Site
Vantage9.3$50Up to 1:1000From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)ASIC, FCA, FSCAVisit Site · Asia
IC Markets9.2$200Up to 1:1000From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)ASIC, CySEC, SCBVisit Site
HFM9.1$0Up to 1:2000From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)FCA, CySEC, DFSAVisit Site
Eightcap9.0$100Up to 1:500From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)ASIC, FCA, CySECVisit Site
AvaTrade8.9$100Up to 1:400 (1:30 for EU/AU retail)Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commissionCBI, ASIC, CySECVisit Site
Octa8.8$25Up to 1:1000From 0.6 pips, no commission on all accountsCySEC, FSCA, FSCVisit Site
PU Prime8.7$20Up to 1:1000From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)FSCA, CMA, FSAVisit Site
RoboForex8.6$10Up to 1:2000From 0.0 pips + $4 round-turn (ECN) · from 1.3 pips (Pro, no commission)FSC BelizeVisit Site
InstaForex8.4$1Up to 1:1000From 0 pips (Eurica accounts, commission) · Standard accounts with no commissionFSCVisit Site
★ Top pick
#1

Exness

Lowest entry deposit and instant withdrawals

9.4/10
Min deposit
$10
Max leverage
Up to 1:Unlimited (conditions apply)
Spreads
From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)
Platforms
MT4, MT5, Exness Terminal, Exness Trade app
Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇿🇦 FSCA🇰🇪 CMA🇸🇨 FSA🇲🇺 FSC
  • $10 minimum deposit on Standard accounts
  • Instant automatic withdrawals on most methods
  • 9 licences incl. FCA and CySEC
★ Top pick
#2

Vantage

Low-cost Raw ECN with copy trading

9.3/10
Min deposit
$50
Max leverage
Up to 1:1000
Spreads
From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)
Platforms
MT4, MT5, TradingView, Vantage app
Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇿🇦 FSCA🇰🇾 CIMA🇻🇺 VFSC
  • $50 minimum on Raw ECN — cheap access to tight spreads
  • Built-in copy trading in the Vantage app
  • TradingView integration
#3

IC Markets

Raw spreads for scalpers and algo traders

9.2/10
Min deposit
$200
Max leverage
Up to 1:1000
Spreads
From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)
Platforms
MT4, MT5, cTrader, TradingView
Regulated / registered:🇦🇺 ASIC🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA
  • Raw spreads from 0.0 pips with deep liquidity
  • MT4, MT5, cTrader and TradingView
  • Tier-1 regulation from ASIC and CySEC
#4

HFM

HotForex — $0 minimum and 7 licences incl. FCA & DFSA

9.1/10
Min deposit
$0
Max leverage
Up to 1:2000
Spreads
From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)
Platforms
MT4, MT5, HFM app, WebTrader
Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇦🇪 DFSA🇿🇦 FSCA🇰🇪 CMA🇲🇺 FSC
  • $0 minimum deposit on popular accounts
  • 7 licences incl. FCA, CySEC and Dubai DFSA
  • HFCOPY copy-trading platform
#5

Eightcap

TradingView broker + funded challenges up to $200K

9.0/10
Min deposit
$100
Max leverage
Up to 1:500
Spreads
From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)
Platforms
MT4, MT5, TradingView, TradeLocker (Challenges)
Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA🇲🇺 FSC
  • Eightcap Challenges: funded accounts from $10K to $200K
  • 80% profit split, up to 90% with add-on
  • Native TradingView, MT4 and MT5 trading
#6

AvaTrade

Most regulated — 9 licences on 6 continents

8.9/10
Min deposit
$100
Max leverage
Up to 1:400 (1:30 for EU/AU retail)
Spreads
Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission
Platforms
MT4, MT5, AvaTradeGO, AvaOptions, WebTrader
Regulated / registered:🇮🇪 CBI🇦🇺 ASIC🇨🇾 CySEC🇯🇵 JFSA🇦🇪 FSRA🇮🇱 ISA
  • One of the most regulated brokers in the world
  • No commission on standard trading
  • AvaOptions and AvaTradeGO apps
#7

Octa

OctaFX — zero-commission trading from $25

8.8/10
Min deposit
$25
Max leverage
Up to 1:1000
Spreads
From 0.6 pips, no commission on all accounts
Platforms
OctaTrader, MT4, MT5
Regulated / registered:🇨🇾 CySEC🇿🇦 FSCA🇲🇺 FSC🇰🇲 MISA
  • No commission and no swap (Islamic-friendly) trading
  • $25 minimum deposit
  • Octa Copytrading built in
#8

PU Prime

Cent accounts from $20 and frequent promotions

8.7/10
Min deposit
$20
Max leverage
Up to 1:1000
Spreads
From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)
Platforms
MT4, MT5, PU Prime App, WebTrader
Regulated / registered:🇿🇦 FSCA🇦🇪 CMA🇸🇨 FSA🇲🇺 FSC
  • $20 Cent account to practise with real money
  • Copy trading and social trading apps
  • Negative balance protection
#9

RoboForex

$10 start, 1:2000 leverage and stock trading

8.6/10
Min deposit
$10
Max leverage
Up to 1:2000
Spreads
From 0.0 pips + $4 round-turn (ECN) · from 1.3 pips (Pro, no commission)
Platforms
MT4, MT5, R StocksTrader, RoboForex app
Regulated / registered:🇧🇿 FSC Belize
  • $10 minimum deposit
  • Leverage up to 1:2000
  • 12,000+ stocks and ETFs on R StocksTrader
#10

InstaForex

Start with just $1 — ForexCopy included

8.4/10
Min deposit
$1
Max leverage
Up to 1:1000
Spreads
From 0 pips (Eurica accounts, commission) · Standard accounts with no commission
Platforms
MT4, MT5, MultiTerminal, WebTrader, mobile apps
Regulated / registered:🇻🇬 FSC
  • $1 minimum deposit — the lowest anywhere
  • Leverage up to 1:1000
  • ForexCopy copy-trading system

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Frequently asked questions

Which forex broker has the lowest minimum deposit?
InstaForex lets you start with just $1, and HFM has a $0 minimum on its Cent, Premium and Zero accounts. Exness and RoboForex start from $10, PU Prime from $20 and Octa from $25.
Which forex brokers are FCA regulated?
Exness (FRN 730729), HFM (FRN 801701) and Vantage (OC376560) all have UK entities authorised by the FCA. AvaTrade is regulated by the Central Bank of Ireland, ASIC and Japan's FSA, and IC Markets by ASIC and CySEC.
Which forex broker is best for scalping and EAs?
IC Markets is the favourite of scalpers and Expert Advisor traders thanks to raw spreads from 0.0 pips, deep liquidity and cTrader/MT5 support.
Which forex broker is best for copy trading?
HFM (HFCOPY), Octa (Octa Copytrading), AvaTrade (AvaSocial, DupliTrade, ZuluTrade), RoboForex (CopyFX) and InstaForex (ForexCopy) all have built-in copy trading.