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2026 Annual Reviewv2026.2

2026 annual review

Best Forex Brokers (2026)

The highest weighted scores in the annual review — brokers that were at least competent on every pillar rather than outstanding on one. A broker cannot buy its way onto this page, and none of the ordering below was shown to a broker before publication.

Ranked on the fee-weighted overall score across all eight pillars. · Reviewed by James Cole · Registers checked by Priya Nair · Updated August 2026

Shortlist

The ranking at a glance

6 brokers qualified from 141 tested.

#BrokerOverallTrustFeesTier-1EUR/USDAwards won
1Pepperstone9.0879130.60Visit
2Interactive Brokers9.094924not verifiedVisit
3FxPro8.9788910.90
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Visit
4FOREX.com8.8938741.00
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Visit
5City Index8.7838520.50
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Visit
6CMC Markets8.7898030.50
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Visit
Notes

Why each broker placed where it did

01

Pepperstone

Scored 9.0/10 weighted with 3 verified tier-1 licence(s) and a trust figure of 87/100.

Pepperstone delivers a compelling package for serious traders, combining strong regulatory oversight with tight spreads and a comprehensive platform selection. While its research offerings are not the most extensive, the core trading experience is solid and reliable.

9.0trust 87Full report
02

Interactive Brokers

Scored 9.0/10 weighted with 4 verified tier-1 licence(s) and a trust figure of 94/100.

Interactive Brokers remains a strong choice for serious traders prioritizing regulatory security, transparent commission-based pricing, and advanced trading technology. The breadth of its market access, combined with a strong compliance record across multiple Tier-1 jurisdictions, positions it as a leading institutional-grade retail option.

9.0trust 94Full report
03

FxPro

Scored 8.9/10 weighted with 1 verified tier-1 licence(s) and a trust figure of 78/100.

FxPro stands as a reputable and well-established broker, founded in 2006 and headquartered in London. Its primary strength lies in its robust regulatory framework, featuring licenses from the FCA, CySEC, FSCA, and SCB, which instils confidence regarding fund security and operational transparency. The platform selection is a significant advantage, offering the industry-standard MetaTrader 4 and 5, alongside cTrader, appealing to a wide spectrum of trading preferences. Competitive pricing, particularly on raw spread accounts, further enhances its appeal. While its educational content could be more comprehensive for beginners, the broker's focus on execution quality and diverse market access positions it strongly for experienced CFD traders.

8.9trust 78Full report
04

FOREX.com

Scored 8.8/10 weighted with 4 verified tier-1 licence(s) and a trust figure of 93/100.

FOREX.com stands as a highly regulated and proficient broker, particularly suited for dedicated forex traders. Its combination of strong regulatory backing, competitive pricing for active users, and advanced trading platforms establishes it as a credible option within the retail forex market.

8.8trust 93Full report
05

City Index

Scored 8.7/10 weighted with 2 verified tier-1 licence(s) and a trust figure of 83/100.

City Index stands as a highly regulated and experienced broker, offering a competitive trading environment with a strong selection of platforms. Its historical presence and association with a Nasdaq-listed parent company reinforce its credibility. While certain operational details like the exact minimum deposit require direct verification, the overall proposition is robust for serious traders.

8.7trust 83Full report
06

CMC Markets

Scored 8.7/10 weighted with 3 verified tier-1 licence(s) and a trust figure of 89/100.

CMC Markets is a well-established broker that provides a secure trading environment through its robust regulatory framework and long operational history. Its proprietary Next Generation platform offers advanced tools for experienced traders, while the zero minimum deposit makes it accessible for newcomers. The stated competitive spreads, alongside a comprehensive product range, positions CMC Markets as a strong contender for traders prioritising both security and sophisticated trading capabilities.

8.7trust 89Full report

We may earn a commission when a reader opens an account through a link on this page. It has no bearing on the order above, which is produced mechanically from the measurement named at the top of the page. See the methodology and affiliate disclosure.