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Top Picks
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#1
City Index
FCAASICMAS
4.1/ 5
Min. Deposit
$0
Max Leverage
1:200
Spreads From
0.5 pips
Commission
$0
Commission-free
- 13,500+ markets
- 40+ years in the industry
#2
Saxo Bank
FCAMASASIC
4.0/ 5
Min. Deposit
$2000
Max Leverage
1:200
Spreads From
0.4 pips
Commission
0.08
- 40,000+ instruments
- Real stocks and bonds, not just CFDs
#3
Plus500
FCAASICMASCySEC
4.0/ 5
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
- Regulated in multiple jurisdictions
- Simple, beginner-friendly platform
Also Ranked — 17 brokers
#4
AvaTrade
FCAASICMAS
4.0/ 5
Min. Deposit
$100
Max Leverage
1:400
Spreads From
0.9 pips
Commission
$0
Commission-free
- Good educational content
- Regulated in 6 jurisdictions
#5
Capital.com
FCAASICCySEC
4.0/ 5
Min. Deposit
$20
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
- Low minimum deposit ($20)
- No commission, tight spreads
#6
XM
ASICFCACySEC
3.9/ 5
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0.6 pips
Commission
$0
Commission-free
- Negative balance protection
- No deposit/withdrawal fees
#7
ThinkMarkets
FCAASIC
3.9/ 5
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
- FCA regulated
- No minimum deposit
#8
FBS
ASICCySECFSCA
3.9/ 5
Min. Deposit
$1
Max Leverage
1:3000
Spreads From
0 pips
Commission
$0
Commission-free
- Generous bonus and cashback programmes
- Leverage up to 1:3000
#9
IC Markets
ASICCySEC
3.9/ 5
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
- Regulated by ASIC and CySEC
- No requotes
#10
ForTrade
FCAASICCySEC
3.8/ 5
Min. Deposit
$100
Max Leverage
1:500
Spreads From
1 pips
Commission
$0
Commission-free
- No commissions on spreads
- FCA, ASIC and CySEC regulated
#11
Swissquote
FCAMAS
3.8/ 5
Min. Deposit
$1000
Max Leverage
1:100
Spreads From
1.3 pips
Commission
$0
Commission-free
- Supports MT4 and MT5
- Publicly listed company (SWX)
#12
TradeStation
SECCFTC
3.8/ 5
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0 pips
Commission
$0
Commission-free
- Advanced trading platform for active traders
- Wide range of assets
#13
Admiral Markets
FCAASICCySEC
3.8/ 5
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
- Strong educational content
- Spreads from 0.0 pips on Zero account
#14
Deriv
FCAMAS
3.8/ 5
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0.5 pips
Commission
$0
Commission-free
- 24/7 trading on synthetic indices
- No commission on most products
#15
Markets.com
ASICFCACySEC
3.8/ 5
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
- CySEC, ASIC and FCA regulated
- Proprietary platform
#16
Phillip Capital
MASASIC
3.7/ 5
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
0.08
- MAS and ASIC regulated
- POEMS platform with wide market access
#17
IronFX
FCAASICCySECFSCA
3.7/ 5
Min. Deposit
$100
Max Leverage
1:1000
Spreads From
0 pips
Commission
3
- 500+ instruments
- Strong presence in Africa and Middle East
#18
Dukascopy
FCAMAS
3.7/ 5
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.1 pips
Commission
3.5
- Historical tick data available
- ECN model with deep liquidity
#19
Libertex
CySEC
3.7/ 5
Min. Deposit
$10
Max Leverage
1:999
Spreads From
0 pips
Commission
$0
Commission-free
- Supports MT4 and MT5
- 25+ years in the market
#20
FxOpen
FCAASIC
3.7/ 5
Min. Deposit
$1
Max Leverage
1:500
Spreads From
0 pips
Commission
1.5
- Very low minimum deposit ($1)
- ECN execution available