Top 10 Forex Brokers - 2025
IG
A global leader since 1974, IG offers a massive range of tradable assets, top-tier regulation, and an exceptional trading experience for all levels.
Pros
- Heavily regulated across the globe
- Vast selection of trading instruments
- Excellent research and educational tools
Cons
- Higher than average minimum deposit
- Can be overwhelming for absolute beginners
XTB
XTB provides an excellent balance of tight spreads, a powerful proprietary platform (xStation 5), and strong educational content.
Pros
- No minimum deposit required
- Award-winning trading platform
- Excellent customer support
Cons
- Not available to US clients
- Limited forex pairs compared to leaders
AvaTrade
AvaTrade excels with its user-friendly platforms, comprehensive educational resources, and innovative risk management tools like AvaProtect.
Pros
- Excellent for new traders
- Multiple trading platforms including MT4/MT5
- Strong regulatory framework
Cons
- Spreads are not the tightest
- Inactivity fee after 3 months
Pepperstone
Known for its lightning-fast execution, ultra-low spreads on its Razor account, and a choice of powerful platforms like cTrader and TradingView.
Pros
- Extremely competitive ECN-style spreads
- Wide range of platforms for serious traders
- Fast execution speeds
Cons
- Educational content is less extensive than some
- Razor account has commissions
CMC Markets
Offers a massive range of forex pairs and CFDs on its "Next Generation" platform, with competitive pricing and excellent tools for frequent traders.
Pros
- Industry-leading number of currency pairs
- Powerful proprietary trading platform
- Guaranteed stop-loss orders
Cons
- Platform can be complex for newcomers
- No US clients accepted
FOREX.com
A top choice for US-based traders, FOREX.com offers a reliable platform, a good range of currency pairs, and strong regulatory backing from the CFTC.
Pros
- Well-regulated and trusted in the US
- Good variety of platforms
- Actionable research and analysis
Cons
- Leverage is limited for US clients
- Spreads are average for standard accounts
eToro
The pioneer of social trading, eToro allows users to copy the trades of successful investors. It also offers a wide range of assets, including crypto and stocks.
Pros
- Leading platform for copy trading
- User-friendly and intuitive interface
- Large community of traders
Cons
- Spreads can be wider than competitors
- Leverage is limited in some regions
XM
XM attracts traders with its generous bonus offers, low minimum deposit, and a choice of MT4/MT5 platforms. A great option for those starting with smaller capital.
Pros
- Very low minimum deposit
- High leverage available
- Frequent bonuses and promotions
Cons
- Limited range of markets
- Not available for US clients
Exness
Exness is known for offering extremely high, and in some cases unlimited, leverage. It provides instant withdrawals and a variety of account types.
Pros
- Potentially unlimited leverage
- Instant deposits and withdrawals
- Multiple account types
Cons
- High leverage is extremely risky
- Fewer instruments than top competitors
FP Markets
An Australian broker that provides a true ECN trading environment with raw spreads from 0.0 pips and low commissions, ideal for scalpers and automated traders.
Pros
- True ECN spreads and low commissions
- Fast trade execution
- Supports MT4, MT5, and Iress
Cons
- Limited educational resources
- Iress platform can be complex