1
Founded200917 yrs
Min. deposit$5USD
Max leverage1:1000up to
4.6/5
XMASIC · CySEC · DFSA
ExnessFCA · CySEC · FSCA
TMGMASIC · FSC-MU · VFSC
PepperstoneASIC · FCA · CySEC
IC MarketsASIC · CySEC · FSA-SC
GO MarketsASIC · CySEC · FSA-SCRisk warning:CFDs and leveraged forex trading are high-risk products that can lose your entire capital very quickly, and are not suitable for every investor. Everything on this site is information only and is not investment advice, an offer or a recommendation. Check the rules that apply where you live and read the broker's full terms and risk disclosure before opening an account. Some links on this site are affiliate links that may earn us a commission; this does not affect our scores or rankings.
Last reviewed: 24 July 2026
We break down licences, real spreads, swap rates, withdrawal speed and platform tools using one consistent set of fields — so you see the cost before you sign up.
Independent scoring · Partnerships never move a ranking
FCAUnited Kingdom
SFC-COColombia
NFAUnited States
FINMASwitzerland
ASICAustralia
SFC-HKHong KongBroker Ranking
Same fields, same review cycle. Tick two or three brokers to compare them side by side; the green button goes straight to the broker's own sign-up page.
Minimum deposit and leverage follow the standard account of the entity you sign with; confirm the figures at sign-up.
In-depth Reviews
Every review states its sources, the live account we used and the date it was last verified — including who the broker is not right for.
Broker Promotions
Only offers with published, verifiable terms — annotated with eligible regions, account types and payout method.
Brokers' Updates
Verified reporting on brokers, trading platforms, regulation and market products — without price forecasts or trading signals.
XM launched GOLD24-7, a broker-priced gold CFD intended to remain available on Saturdays and Sundays as well as weekdays. Weekend access gives eligible clients another way to react to news, but the underlying spot and futures markets may be closed, so pricing, spreads and liquidity need separate review.
Affects: Traders comparing XM products, platforms and account conditionsSource verifiedView detailsThe change covers retail client classification and the maximum leverage cap, and is already live on the terms page.
Affects: Retail accounts under the named entitySource verifiedView detailsSwap now floats against a new benchmark rate, so the cost of holding positions long term may change.
Affects: Positions held overnightView detailsNo change to existing accounts; the statement names the custodian banks for each licensed entity.
Affects: All client balancesSource verifiedView detailsSpread, commission and accrued swap can now be read per order instead of only at account level.
Affects: Mobile app usersView detailsBoth rails settle within the hour on business days; holiday processing still follows the local banking calendar.
Affects: Local bank transfer depositsView detailsBoth rails settle within the hour on business days; holiday processing still follows the local banking calendar.
Affects: Local bank transfer depositsView detailsThe change covers retail client classification and the maximum leverage cap, and is already live on the terms page.
Affects: Retail accounts under the named entitySource verifiedView detailsEvery licence number is checked against the regulator's public register, monthly
Five criteria combine into one final score
Our Methodology
Primary sources, live-account testing and fixed weights. Partnerships decide whether a sign-up link appears — never the score, the order or the conclusion.
FAQ
Pick a topic to narrow the list. If your question isn't here, write to the editorial team directly.
No. Rankings come out of fixed weights applied to fields anyone can verify. Some brokers do have an affiliate relationship with us, which only determines whether a sign-up link is shown and whether we earn a commission — it never changes the score or the order. Every affiliate link is labelled.
Start with the regulator and the entity you will actually contract with. The same brand often operates through different entities per region, with different client-money rules, compensation schemes and leverage caps. Only then compare trading cost and funding, and last of all platform features and promotions.
It is decided by your country of residence, and it is named in the client agreement you accept at sign-up. The entity sets your leverage cap, whether negative balance protection applies, whether a compensation scheme covers you and who hears a complaint — so the same brand can mean very different protection depending on where you live.
Four things add up: the spread, any per-lot commission, the overnight swap if you hold past the daily rollover, and currency conversion when your deposit currency differs from the account currency. On a raw-spread account the commission alone is often larger than the spread, so compare the all-in figure rather than the headline number.
It keeps your balance in a separate bank account from the broker's own operating money, so it should not be treated as company assets in an insolvency. It does not protect you from trading losses, and it is only as strong as the auditing behind it — which is why the regulator matters more than the wording on the website.
Licence changes, fee revisions, platform releases and new offers in a single read. Unsubscribe any time; we never pass your address on.
XM·2026-07-20
The bonus can be traded but not withdrawn directly; it converts to withdrawable balance once the volume target is met.
Exness·2026-08-01
Raw-spread accounts pay no commission on the listed symbols for the duration of the campaign; the spread itself is unchanged.
IC Markets·2026-08-01
Raw-spread accounts pay no commission on the listed symbols for the duration of the campaign; the spread itself is unchanged.
