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2026 Annual Reviewv2026.2

2026 edition · 141 brokers

Compare brokers side by side

One table, every broker in the annual review, every figure taken from our own testing or from a regulator's public register. The organic order uses the value-aware score: 70% Trust factors and 30% verified fee evidence; a separately labelled featured placement is not a score result.

Cheapest observed spread: Eightcap at 0.10 pips · Longest operating: IG Group, since 1974 · Most tier-1 licences: IG Group with 7

Master table

Headline comparison

Scroll horizontally for the full row.

#BrokerValue-aware scoreOverallTrustEUR/USDCost /lotMin. dep.Max leverageT1FoundedPlatforms
1OANDA948.6981.00$10.00none1:50 (US) / 1:30 (UK retail)51996MT4, MT5, OANDA Trade, TradingViewVisit
2IUX (IUX Markets) logoIUX (IUX Markets)Featured partner668.1560.90$9.00$200up to 1:3000 (offshore entities; Raw and Pro accounts)12016MT5, IUX web platform, IUX mobile appVisit
3Interactive Brokers939.094not verifiednot verifiednone1:30 (UK/EU retail); 1:50 (US majors)41978Trader Workstation (TWS), IBKR Desktop, Client Portal, IBKR Mobile, API/FIXVisit
4Saxo Bank918.6950.90$9.00none1:30 (UK/EU retail)51992SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, Mobile appsVisit
5FOREX.com918.8931.00$10.00$1001:50 (US) / 1:30 (UK retail)42001MT4, MT5, TradingView, Web TraderVisit
6IG Group918.7930.60$6.00none1:30 (UK/EU retail)71974Proprietary web platform, MT4, ProRealTime, L2 Dealer, Mobile appsVisit
7Pepperstone889.0870.60$6.00none1:30 (retail, EU/UK)32010MT4, MT5, cTrader, TradingViewVisit
8CMC Markets868.7890.50$5.00none1:30 (UK/EU retail)31989Next Generation (proprietary web), MT4, TradingView (selected regions), Mobile appsVisit
9Trading 212848.286not verifiednot verified$11:30 (UK/EU retail)32004Trading 212 proprietary web platform, Mobile appsVisit
10City Index848.7830.50$5.00$1001:30 (UK retail)21983City Index Web Trader, MT4, TradingView, AT Pro, Mobile appsVisit
11Plus500828.4820.60$6.00$1001:30 (retail)22008Plus500 WebTrader, Plus500 AppVisit
12AvaTrade818.3820.90$9.00$1001:30 (retail) / up to 1:400 (offshore)22006MT4, MT5, AvaTradeGO, WebTraderVisit
13FxPro818.9780.90$9.00$1001:30 (retail) / up to 1:500 (offshore)12006MT4, MT5, cTrader, FxPro EdgeVisit
14XTB798.1760.50$5.00none1:30 (UK/EU retail)12002xStation 5 (proprietary web/desktop), xStation MobileVisit
15Fineco Bank787.188not verifiednot verifiednot verifiednot verified31999Fineco Web/App platform, PowerDeskVisit
16ATFX787.8780.80$8.00$1001:30 retail under FCA/ASIC/CySEC; higher under offshore entities32017MT4, MT5, ATFX appVisit
17Capital.com788.0750.60$6.00$201:30 (UK/EU retail)22016Capital.com proprietary web platform, MT4 (selected entities), TradingView, Mobile appsVisit
18Swissquote777.9821.70$17.00$1,0001:30 (UK/EU retail); up to 1:100 (Swiss entity)21996MT4, MT5, CFXD/Advanced Trader, Swissquote web and mobileVisit
19Axi767.9720.70$7.00none1:30 retail under FCA/ASIC; higher under international entities22007MT4, MT5, Axi app, TradingViewVisit
20LMAX Global768.671not verifiednot verifiednot verified1:30 (UK/EU retail)12010LMAX proprietary web platform, MT4, MT5, FIX APIVisit
21Spreadex768.1710.60$6.00not verified1:30 (UK retail)11999Spreadex proprietary web platform, TradingView, Mobile appsVisit
22ThinkMarkets758.273not verifiednot verifiednone1:30 retail under ASIC/FCA/CySEC; higher under offshore entities22010ThinkTrader, MT4, MT5, TradingViewVisit
23Tickmill758.0700.10$1.00$1001:30 for retail clients under FCA/CySEC; higher under the Seychelles entity12014MT4, MT5, TradingView, Tickmill TraderVisit
24Equiti747.7751.40$14.00not verifiedup to 1:2000 (Seychelles entity)12008MT4, MT5, Equiti TraderVisit
25Dukascopy747.972not verifiednot verified$1001:30 (EU retail); up to 1:200 (Swiss entity, professional)12004JForex (proprietary), MT4, MT5, Web platform, Mobile appsVisit
26ActivTrades747.9670.50$5.00none1:30 (UK/EU retail)12001ActivTrader (proprietary), MT4, MT5, TradingView, Mobile appsVisit
27eToro737.7761.00$10.00$501:30 (retail)22007eToro Platform, eToro AppVisit
28FP Markets737.774not verifiednot verified$100not verified12005MT4, MT5, cTrader, TradingView, Iress, Mobile appsVisit
29Trade Nation737.772not verifiednot verifiednot verifiednot verified22014TN Trader, MT4, TradingViewVisit
30Vantage (Vantage Markets)737.771not verifiednot verified$50up to 1:500 (international entities); 1:30 retail under FCA/ASIC22009MT4, MT5, TradingView, Vantage app, ProTraderVisit
31Eightcap737.6680.10$1.00$1001:30 retail under ASIC/FCA/CySEC; up to 1:500 under offshore entities22009MT4, MT5, TradingViewVisit
32TradeStation Global728.0701.40$14.00$1,000not verified12004TradeStation Global platform, Interactive Brokers infrastructureVisit
33easyMarkets717.670not verifiednot verified$251:30 (EU/AU retail)12001easyMarkets proprietary web platform, MT4, MT5, TradingView, Mobile appsVisit
34GO Markets718.065not verifiednot verified$2001:30 retail under ASIC/CySEC; higher under offshore entities12006MT4, MT5, cTrader, TradingView, GO WebTraderVisit
35Exness718.2640.70$7.00$10up to 1:2000 (offshore)12008MT4, MT5, Exness TerminalVisit
36IC Markets708.3630.62$6.20$2001:30 (retail) / 1:500 (offshore)12007MT4, MT5, cTraderVisit
37FXCM697.1711.30$13.00$501:30 (UK/EU retail)21999Trading Station, MT4, TradingView, Capitalise.ai, Mobile appsVisit
38NinjaTrader697.071not verifiednot verifiednot verifiednot verified12003NinjaTrader Desktop, NinjaTrader Web, NinjaTrader MobileVisit
39HFM (formerly HotForex)697.665not verifiednot verifiednoneup to 1:2000 (offshore entities); 1:30 retail under FCA/CySEC12010MT4, MT5, HFM appVisit
40XS.com697.7641.10$11.00noneup to 1:200012010MT4, MT5, XS mobile appVisit
41XM687.9650.80$8.00$51:30 (retail) / up to 1:1000 (offshore)12009MT4, MT5Visit
42PU Prime687.7651.30$13.00not verifiedup to 1:100012015MT4, MT5, PU Prime App, PU Web TraderVisit
43tastyfx688.6590.80$8.00none1:50 (US majors, CFTC limit)1not verifiedtastyfx web platform, MT4, MT5, Mobile appsVisit
44Windsor Brokers677.170not verifiednot verifiednot verified1:30 (CySEC retail)01988MT4, MT5Visit
45TMGM677.8661.00$10.00$1001:30 (ASIC retail) / up to 1:1000 advertised on offshore entities12013MT4, MT5, IRESSVisit
46Admirals (Admiral Markets)67—630.50$5.00$1001:30 (UK/EU retail)12001MT4, MT5, MetaTrader WebTrader, Admirals proprietary platform, Mobile appVisit
47Decode Global677.7610.90$9.00$100up to 1:200012004MT4, MT5, DecodeFX App, DecodeFX WebVisit
48JustMarkets677.7580.30$3.00$101:30 (CySEC retail) / up to 1:3000 advertised on offshore Standard accounts02012MT4, MT5Visit
49Valutrades667.664not verifiednot verifiednot verified1:30 (UK retail)12012MT4, MT5Visit
50AUS Global657.961not verifiednot verifiednot verifiednot verified1not verifiedMT4, MT5Visit
51Global Prime657.661not verifiednot verifiednone1:30 (ASIC retail); higher leverage on the Vanuatu entity12010MT4, MT5, cTrader, TradingViewVisit
52JFD Brokers657.860not verifiednot verifiednot verifiednot verified02011MT4, MT5Visit
53FXTM (ForexTime)657.559not verifiednot verified$10up to 1:2000 (Mauritius entity); 1:30 retail under FCA/CySEC12011MT4, MT5, FXTM Trader appVisit
54FBS658.0560.70$7.00$5up to 1:3000 (Belize entity); 1:30 retail under CySEC02009MT4, MT5, FBS Trader appVisit
55Century Financial646.865not verifiednot verifiednot verifiednot verified01989MT5Visit
56iFOREX647.164not verifiednot verifiednot verifiednot verified01996iFOREX web platform, iFOREX app, MT4 (regional offerings)Visit
57Scope Markets647.661not verifiednot verifiednot verified1:30 (CySEC retail)02014MT4, MT5Visit
58Ultima Markets647.660not verifiednot verifiednot verifiednot verified12016MT4, MT5Visit
59Fortrade636.469not verifiednot verifiednot verifiednot verified3not verifiedFortrade web platform, Fortrade desktop platform, Fortrade mobile apps (iOS, Android)Visit
60RoboForex637.856not verifiednot verified$10up to 1:2000 (Belize entity); 1:30 retail under CySEC02009MT4, MT5, R StocksTrader, RoboForex WebTraderVisit
61Taurex637.856not verifiednot verifiednoneup to 1:2000 (Taurex Global Limited, Seychelles, per account table)12017MT4, MT5, TradingViewVisit
62FXOpen627.160not verifiednot verifiednot verifiednot verified12005MT4, MT5, TickTrader, TradingViewVisit
63InstaForex627.758not verifiednot verified$11:30 (CySEC retail); higher leverage advertised on non-EU InstaForex sites02007MT4, MT5Visit
64HYCM627.658not verifiednot verifiednot verifiednot verified1not verifiedHYCM Trader, MT4, MT5, Web TraderVisit
65Fusion Markets617.553not verifiednot verifiednone1:30 retail under ASIC; up to 1:500 under offshore entities12017MT4, MT5, cTrader, TradingView, DupliTradeVisit
66BlackBull Markets617.9500.80$8.00noneup to 1:50002014MT4, MT5, cTrader, TradingView, BlackBull CopyTraderVisit
67Hantec Markets607.060not verifiednot verifiednot verified1:500 (offshore entity, per hmarkets.com)2not verifiedMT4, MT5Visit
68ATC Brokers607.755not verifiednot verifiednot verifiednot verified1not verifiedMT4, MT5Visit
69Skilling597.555not verifiednot verified$1001:30 (CySEC retail); up to 1:500 advertised on the Seychelles entity02016Skilling Trader, cTrader, MT4Visit
70Blueberry (formerly Blueberry Markets)597.654not verifiednot verifiednot verifiednot verified1not verifiedMT4, MT5, TradingViewVisit
71KVB Kunlun (KVB)597.653not verifiednot verifiednot verifiedUp to 1:100 (PT KVB Futures Indonesia site)1not verifiedMetaTrader 5, ActsTrade (desktop), KVB Futures App (mobile), KVB WebtradeVisit
72Deriv597.253not verifiednot verifiednot verifiednot verified01999Deriv Trader, Deriv MT5, Deriv cTrader, Deriv X, Deriv BotVisit
73Octa (formerly OctaFX)597.2480.60$6.00$25up to 1:1000 (offshore entity); 1:30 retail under CySEC02011OctaTrader, MT4, MT5Visit
74OneRoyal587.552not verifiednot verifiednot verifiednot verified1not verifiedMT4, MT5Visit
75Eurotrader587.452not verifiednot verifiednot verifiednot verified02015MT4, MT5Visit
76Charles Schwab Futures and Forex577.158not verifiednot verifiednot verified1:50 (US majors, CFTC limit)1not verifiedthinkorswim desktop, thinkorswim web, thinkorswim mobileVisit
77FXCC576.756not verifiednot verifiednot verifiednot verified02010MT4, MT5Visit
78AAAFx577.054not verifiednot verifiednot verifiednot verified02010MT4, ZuluTrade, Web tradingVisit
79Alchemy Markets (Malta)577.450not verifiednot verifiednot verifiednot verified02014MT4, MT5Visit
80Markets.com557.648not verifiednot verified$1001:30 (EU retail)0not verifiedMarkets.com proprietary web platform, MT4, MT5, Mobile appsVisit
81NAGA557.746not verifiednot verifiednot verified1:30 (CySEC retail); higher leverage on the Seychelles entity0not verifiedNAGA web platform, NAGA iOS, NAGA Android, MetaTraderVisit
82INFINOX544.854not verifiednot verified$50up to 1:1000 (global site of INFINOX Limited, Mauritius)12009Visit
83LiteFinance536.154not verifiednot verifiednot verifiednot verified02005MT4, MT5, LiteFinance web/mobile platformVisit
84ACY Securities536.950not verifiednot verifiednot verified1:30 (ASIC entity); up to 1:500 (international entity segment)1not verifiedMT4, MT5, ACY Trading PlatformVisit
85Global GT527.444not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
86TopFX526.344not verifiednot verifiednot verifiednot verified0not verifiedMT4, cTraderVisit
87FXGT.com527.543not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
88Land Prime51—490.90$9.00$10up to 2000:102013MT4, MT5Visit
89Moneta Markets516.345not verifiednot verified$50up to 1:1000 (offshore entity); 1:30 retail under FCA1not verifiedMT4, MT5, AppTrader, ProTraderVisit
90Libertex506.944not verifiednot verified$1001:30 (CySEC retail)0not verifiedLibertex proprietary platform, MT4, MT5Visit
91One Financial Markets494.357not verifiednot verifiednot verified1:30 (UK retail)12007MT4Visit
92XGLOBAL Markets495.150not verifiednot verifiednot verifiednot verified02012MT5Visit
93Errante496.149not verifiednot verifiednot verified1:30 (CySEC retail)02019MT4, MT5Visit
94Purple Trading496.048not verifiednot verifiednot verified1:30 (EU retail)02015MT4, cTraderVisit
95IronFX496.742not verifiednot verified$1001:30 (FCA/CySEC retail); higher leverage advertised on non-EU entities1not verifiedMT4, MT5Visit
96VT Markets486.543not verifiednot verifiednot verified1:30 (ASIC retail) / higher leverage advertised on offshore entities1not verifiedMT4, MT5, VT Markets web/mobile appVisit
97T4Trade467.434not verifiednot verifiednot verifiedup to 1:1000 (Seychelles entity)0not verifiedVisit
98D Prime (formerly Doo Prime)45—64not verifiednot verified$100up to 1:1000 (offshore entities)32014MT4, MT5, TradingView, Doo Prime InTradeVisit
99Khwezi Trade454.752not verifiednot verifiednot verifiednot verified02013MT5Visit
100Zero Markets454.147not verifiednot verifiednot verifiednot verified1not verifiedMT4, MT5Visit
101M4Markets456.143not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
102TIOmarkets445.646not verifiednot verifiednot verifiednot verified12019MT4, MT5Visit
103CPT Markets435.342not verifiednot verifiednot verified1:30 (UK retail)1not verifiedMT4, MT5Visit
104DeltaStock436.240not verifiednot verifiednot verifiednot verified0not verifiedDelta Trading (desktop/web), Delta Trading Mobile, MetaTrader 4, MetaTrader 5Visit
105IQ Option425.934not verifiednot verifiednot verified1:30 (EEA retail)02013IQ Option proprietary web platform, Mobile apps, Desktop appVisit
106AETOS Capital Group41—59not verifiednot verifiednot verifiednot verified12007MT4, MT5Visit
107Alpari41—58not verifiednot verified$30up to 1:3000 (ECN/Pro ECN accounts); Micro up to 1:500; Standard up to 1:100001998MT4, MT5Visit
108Xtrade415.737not verifiednot verifiednot verifiednot verified0not verifiedWeb platform, TradingView integrationVisit
109City Credit Capital39—56not verifiednot verifiednot verifiednot verified02001Visit
110AMarkets38—54not verifiednot verifiednot verifiednot verified02007MT4, MT5Visit
111STARTRADER38—54not verifiednot verifiednot verifiedup to 1:100012019MT4, MT5, WebTrader, AppVisit
112FXDD38—54not verifiednot verifiednot verifiednot verified02003MT4, MT5Visit
113Weltrade386.328not verifiednot verified$10up to 1:1000 advertised on MT4 accounts0not verifiedMT4, MT5Visit
114Markets4you (formerly Forex4you)37—53not verifiednot verifiednonefrom 1:10 to 1:4000 (BVI entity); tiered by account equity down to 1:10002007MT4, MT5Visit
115Grand Capital37—53not verifiednot verified$10up to 1:300002006MT4, MT5Visit
116Fondex374.436not verifiednot verifiednot verified1:30 (CySEC retail)0not verifiedcTraderVisit
117Orbex36—52not verifiednot verifiednot verifiednot verified02011MT4, MT5Visit
118ADSS36—51not verifiednot verifiednot verifiednot verified02011ADSS Platform, MT4, MT5Visit
119Traders Trust36—51not verifiednot verified$501:3000 (dynamic, offshore entity)02009MT4, MT5Visit
120FXGM364.737not verifiednot verifiednot verifiednot verified02011PROfit, MT4Visit
121FXPIG366.226not verifiednot verifiednot verifiednot verified0not verifiedMT4, cTrader, FIX APIVisit
122Key To Markets35—50not verifiednot verifiednot verifiednot verified02010MT4, MT5Visit
123UFX34—49not verifiednot verifiednot verifiednot verified02010UFX web platform, MT5 (historical)Visit
124Milton Markets33—47not verifiednot verifiednot verifiednot verified02016MT4, MT5Visit
125Exclusive Markets33—391.60$16.00not verifiedup to 1:40000not verifiedMT4, MT5Visit
126Trive Financial31—45not verifiednot verifiednot verified1:30 (EU retail)0not verifiedMT4, MT5Visit
127Sway Markets30—43not verifiednot verified$10up to 1:50002021MT4, MT5Visit
128ThreeTrader30—43not verifiednot verified$100up to 1:100002021MT4, MT5Visit
129FXPrimus29—42not verifiednot verified$151:30 (CySEC retail)0not verifiedMT4, MT5, WebTraderVisit
130Trade.com29—42not verifiednot verifiednot verifiednot verified0not verifiedVisit
131NordFX29—41not verifiednot verifiednot verifiedup to 1:1000 advertised0not verifiedMT4, MT5Visit
132TitanFX29—41not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
133GKFX / GKEurope29—41not verifiednot verifiednot verifiednot verified0not verifiedVisit
134Axiory28—40not verifiednot verified$101:2000 (offshore entity)0not verifiedMT4, MT5, cTraderVisit
135FreshForex27—39not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
136Gulf Brokers27—39not verifiednot verified$1,000up to 1:5000not verifiedMT5Visit
137Squared Financial27—39not verifiednot verifiednone1:30 (CySEC retail)0not verifiedMT4, MT5Visit
138CommexFX27—39not verifiednot verifiednot verifiednot verified0not verifiedVisit
139Kwakol Markets27—39not verifiednot verifiednot verifiednot verified0not verifiedMT4, MT5Visit
140Rakuten Securities Australia262.728not verifiednot verifiednot verified1:30 (AU retail)1not verifiedMT4Visit
141LegacyFX70.68not verifiednot verifiednot verifiednot verified0not verifiedVisit

Cost per lot is the spread cost of a one-lot EUR/USD round turn at the observed spread, excluding commission on raw accounts. Leverage caps vary by regulator and by client classification — the retail cap is the one that applies to most readers.

IUX (IUX Markets) is a featured partner of fxproof.com. Its position on this table is a placement choice, not a score: every figure and score shown passes the same verification as every other row.

Pillar matrix

Where each broker is strong

Pillar scores out of 10, straight from the scorecards.

BrokerFeesSafetyPayoutsPlatformsProductsResearchSupportOnboarding
OANDA8.39.78.28.88.08.17.98.6
IUX (IUX Markets)9.07.38.08.47.37.27.88.0
Interactive Brokers9.29.58.58.89.58.08.08.5
Saxo Bank8.09.08.59.59.07.57.58.5
FOREX.com8.79.78.39.08.28.58.48.5
IG Group8.58.78.59.29.38.08.08.5
Pepperstone9.19.58.78.98.87.98.68.5
CMC Markets8.09.59.09.08.58.08.09.0
Trading 2127.89.17.98.58.76.86.58.5
City Index8.59.58.09.08.58.08.08.2
Plus5008.29.58.37.88.86.57.58.2
AvaTrade7.89.28.08.58.77.98.38.4
FxPro8.99.78.39.28.87.58.58.7
XTB8.59.07.58.07.07.07.08.0
Fineco Bank5.59.76.07.58.07.07.07.0
ATFX7.89.06.88.57.56.06.56.8
Capital.com8.59.07.08.07.56.56.57.0
Swissquote6.59.37.88.88.08.58.57.8
Axi8.57.88.08.07.56.57.07.5
LMAX Global8.89.57.59.08.07.08.08.0
Spreadex8.88.57.08.08.07.07.57.5
ThinkMarkets7.88.77.89.28.56.57.07.8
Tickmill8.58.87.08.07.07.07.07.8
Equiti7.09.07.08.57.56.57.07.5
Dukascopy7.89.07.08.57.56.06.57.5
ActivTrades9.07.57.08.57.06.57.58.0
eToro6.59.07.08.59.07.56.88.0
FP Markets7.08.57.09.08.07.07.07.5
Trade Nation7.58.57.08.87.07.07.07.5
Vantage (Vantage Markets)7.88.07.38.87.06.56.58.0
Eightcap8.57.56.59.06.56.06.07.0
TradeStation Global7.59.07.08.59.56.56.57.5
easyMarkets7.28.07.08.87.87.07.57.5
GO Markets8.57.58.09.07.06.57.07.5
Exness8.87.59.28.07.57.08.08.5
IC Markets8.77.58.09.08.56.88.27.8
FXCM6.57.07.08.57.56.57.07.0
NinjaTrader6.59.07.08.52.57.07.07.0
HFM (formerly HotForex)7.87.07.88.27.27.07.07.8
XS.com8.07.07.58.57.57.07.08.5
XM7.57.88.08.58.08.88.28.5
PU Prime7.58.87.08.07.57.07.07.5
tastyfx9.09.88.58.56.57.57.88.0
Windsor Brokers6.07.57.08.57.57.58.07.5
TMGM7.09.07.58.57.57.07.07.5
Admirals (Admiral Markets)0.00.00.00.00.00.00.00.0
Decode Global8.07.07.88.57.57.07.57.8
JustMarkets8.87.57.27.56.86.56.57.2
Valutrades7.08.86.88.57.26.87.57.8
AUS Global7.58.87.59.07.57.07.07.5
Global Prime7.58.07.09.07.06.57.07.5
JFD Brokers7.58.57.09.07.56.57.57.0
FXTM (ForexTime)7.87.07.48.26.87.07.07.6
FBS8.57.58.38.07.86.87.08.5
Century Financial6.07.86.08.57.05.05.06.0
iFOREX6.57.56.87.87.57.07.28.0
Scope Markets7.08.07.08.87.87.07.57.3
Ultima Markets7.28.07.28.57.87.07.57.5
Fortrade5.08.55.57.56.56.06.06.0
RoboForex8.07.58.08.57.57.07.08.0
Taurex7.87.27.89.57.06.56.57.8
FXOpen6.56.87.08.57.57.07.58.0
InstaForex7.27.88.28.57.27.27.28.2
HYCM7.09.16.88.27.06.97.07.2
Fusion Markets7.97.27.08.86.85.86.57.5
BlackBull Markets8.87.07.89.26.56.06.58.2
Hantec Markets6.08.56.08.57.06.07.06.5
ATC Brokers7.08.87.08.58.06.57.57.5
Skilling6.88.27.38.87.56.57.08.0
Blueberry (formerly Blueberry Markets)7.08.57.09.07.07.07.07.5
KVB Kunlun (KVB)7.28.57.28.27.26.87.27.7
Deriv7.25.07.88.87.87.27.88.2
Octa (formerly OctaFX)8.56.07.07.56.56.06.57.0
OneRoyal7.27.87.28.57.06.87.07.0
Eurotrader7.27.57.08.27.26.87.07.8
Charles Schwab Futures and Forex5.59.56.09.07.06.55.06.0
FXCC6.07.56.58.56.05.56.07.0
AAAFx6.57.07.08.07.56.07.58.0
Alchemy Markets (Malta)7.27.07.29.07.27.07.28.0
Markets.com7.07.87.58.87.57.07.37.5
NAGA7.57.87.08.58.27.07.07.0
INFINOX5.56.54.53.04.03.03.06.5
LiteFinance5.06.56.08.06.05.56.07.0
ACY Securities6.07.56.58.57.06.87.07.0
Global GT7.07.57.28.28.06.87.07.8
TopFX7.07.54.08.54.53.54.05.0
FXGT.com7.37.27.38.77.76.87.38.2
Land Prime0.00.00.00.00.00.00.00.0
Moneta Markets6.56.06.08.05.05.05.07.0
Libertex6.57.57.08.07.05.05.06.5
One Financial Markets3.07.03.06.53.03.03.03.0
XGLOBAL Markets4.56.84.07.04.03.03.54.0
Errante5.07.54.08.57.05.06.06.0
Purple Trading5.06.55.08.56.06.06.06.0
IronFX6.56.07.08.06.56.06.07.5
VT Markets6.06.25.58.57.06.06.06.5
T4Trade7.56.08.08.08.07.58.08.5
D Prime (formerly Doo Prime)0.00.00.00.00.00.00.00.0
Khwezi Trade3.07.53.06.55.04.04.01.0
Zero Markets4.00.05.07.55.05.05.06.0
M4Markets5.06.86.57.56.05.56.06.0
TIOmarkets4.06.06.57.56.04.06.06.0
CPT Markets4.56.04.58.04.53.53.55.5
DeltaStock5.06.85.58.56.56.06.05.0
IQ Option6.04.06.57.56.06.06.07.0
AETOS Capital Group0.00.00.00.00.00.00.00.0
Alpari0.00.00.00.00.00.00.00.0
Xtrade5.05.55.07.56.56.06.06.0
City Credit Capital0.00.00.00.00.00.00.00.0
AMarkets0.00.00.00.00.00.00.00.0
STARTRADER0.00.00.00.00.00.00.00.0
FXDD0.00.00.00.00.00.00.00.0
Weltrade6.04.57.08.07.06.06.57.5
Markets4you (formerly Forex4you)0.00.00.00.00.00.00.00.0
Grand Capital0.00.00.00.00.00.00.00.0
Fondex4.06.03.06.53.52.03.03.0
Orbex0.00.00.00.00.00.00.00.0
ADSS0.00.00.00.00.00.00.00.0
Traders Trust0.00.00.00.00.00.00.00.0
FXGM3.54.55.07.05.04.05.56.5
FXPIG6.04.56.08.57.06.06.57.0
Key To Markets0.00.00.00.00.00.00.00.0
UFX0.00.00.00.00.00.00.00.0
Milton Markets0.00.00.00.00.00.00.00.0
Exclusive Markets0.00.00.00.00.00.00.00.0
Trive Financial0.00.00.00.00.00.00.00.0
Sway Markets0.00.00.00.00.00.00.00.0
ThreeTrader0.00.00.00.00.00.00.00.0
FXPrimus0.00.00.00.00.00.00.00.0
Trade.com0.00.00.00.00.00.00.00.0
NordFX0.00.00.00.00.00.00.00.0
TitanFX0.00.00.00.00.00.00.00.0
GKFX / GKEurope0.00.00.00.00.00.00.00.0
Axiory0.00.00.00.00.00.00.00.0
FreshForex0.00.00.00.00.00.00.00.0
Gulf Brokers0.00.00.00.00.00.00.00.0
Squared Financial0.00.00.00.00.00.00.00.0
CommexFX0.00.00.00.00.00.00.00.0
Kwakol Markets0.00.00.00.00.00.00.00.0
Rakuten Securities Australia2.04.01.06.51.01.01.01.0
LegacyFX0.51.00.50.50.50.50.50.5
Regulation

Licences held, by broker

Every entry checked against the issuing authority's own register.

BrokerEntitiesAuthorities (green tier-1, blue tier-2, amber tier-3)
OANDA5
FCA · UKCFTC/NFA · USAASIC · AustraliaIIROC · CanadaMAS · Singapore
IUX (IUX Markets)4
ASIC · AustraliaFSCA · South AfricaFSC Mauritius · MauritiusFSA Saint Vincent and the Grenadines · Saint Vincent and the GrenadinesMwali International Services Authority (MISA), Comoros · Comoros (Mwali)(Current status not independently verified)
Interactive Brokers4
SEC/CFTC/NFA · USAFCA · UKCentral Bank of Ireland · IrelandASIC · Australia
Saxo Bank5
Danish FSA · DenmarkFCA · UKFINMA · SwitzerlandMAS · SingaporeFSA Japan · Japan
FOREX.com5
CFTC/NFA · USAFCA · UKASIC · AustraliaCIRO · CanadaCIMA · Cayman
IG Group7
FCA · UKFCA · UKBaFin · GermanyFINMA · SwitzerlandASIC · AustraliaMAS · SingaporeNFA/CFTC · USA
Pepperstone7
FCA · UKASIC · AustraliaCySEC · CyprusBaFin · GermanyDFSA · UAECMA · KenyaSCB · Bahamas
CMC Markets3
FCA · UKFCA · UKASIC · Australia
Trading 2125
FCA · UKCySEC · CyprusASIC · AustraliaBaFin · GermanyFinancial Supervision Commission · Bulgaria
City Index2
FCA · UKASIC · Australia
Plus5005
FCA · UKCySEC · CyprusASIC · AustraliaFMA · New ZealandFSCA · South Africa
AvaTrade5
Central Bank of Ireland · IrelandASIC · AustraliaFSCA · South AfricaFSA · JapanADGM · Abu Dhabi
FxPro4
FCA · UKCySEC · CyprusFSCA · South AfricaSCB · Bahamas
XTB3
KNF · PolandFCA · UKCySEC · Cyprus
Fineco Bank3
Bank of Italy · ItalyFCA · United KingdomPRA · United Kingdom
ATFX7
FCA · United KingdomASIC · AustraliaSFC Hong Kong · Hong KongCySEC · CyprusFSCA · South AfricaFSC Mauritius · MauritiusFSA Seychelles · Seychelles
Capital.com6
FCA · UKCySEC · CyprusCySEC · CyprusASIC · AustraliaSCA · UAESCB · Bahamas
Swissquote2
FINMA · SwitzerlandFCA · UK
Axi5
ASIC · AustraliaFCA · United KingdomDFSA · United Arab Emirates (DIFC)FMA New Zealand · New ZealandFSA Saint Vincent and the Grenadines · Saint Vincent and the Grenadines
LMAX Global2
FCA · UKCySEC · Cyprus
Spreadex1
FCA · UK
ThinkMarkets4
ASIC · AustraliaFCA · United KingdomCySEC · CyprusFSA Seychelles · Seychelles
Tickmill5
FCA · United KingdomCySEC · CyprusFSCA · South AfricaDFSA · United Arab Emirates (DIFC)FSA Seychelles · Seychelles
Equiti5
FCA · United KingdomCySEC · CyprusFSA Seychelles · SeychellesCMA Kenya · KenyaUAE Securities and Commodities Authority · United Arab Emirates
Dukascopy2
FINMA · SwitzerlandLatvijas Banka · Latvia
ActivTrades3
FCA · UKCSSF · LuxembourgSCB · Bahamas
eToro3
FCA · UKCySEC · CyprusASIC · Australia
FP Markets5
ASIC · AustraliaCySEC · CyprusFSCA · South AfricaFSA Seychelles · SeychellesCMA Kenya · Kenya
Trade Nation6
FCA · United KingdomASIC · AustraliaFSCA · South AfricaSecurities Commission of The Bahamas · BahamasFSA Seychelles · SeychellesCMVM · Portugal
Vantage (Vantage Markets)6
ASIC · AustraliaFCA · United KingdomFSCA · South AfricaCIMA · Cayman IslandsVFSC · VanuatuCMA · United Arab Emirates
Eightcap6
ASIC · AustraliaFCA · United KingdomCySEC · CyprusSCB Bahamas · BahamasFSA Seychelles · SeychellesFSC Mauritius · Mauritius
TradeStation Global1
FCA · United Kingdom
easyMarkets4
CySEC · CyprusASIC · AustraliaFSA Seychelles · SeychellesBVI FSC · British Virgin Islands
GO Markets5
ASIC · AustraliaCySEC · CyprusFSA Seychelles · SeychellesFSC Mauritius · MauritiusRegistered in Saint Vincent and the Grenadines · Saint Vincent and the Grenadines
Exness4
FCA · UKCySEC · CyprusFSCA · South AfricaFSA · Seychelles
IC Markets3
ASIC · AustraliaCySEC · CyprusFSA · Seychelles
FXCM4
FCA · UKCySEC · CyprusASIC · AustraliaNone · Offshore
NinjaTrader1
CFTC / NFA · United States
HFM (formerly HotForex)7
FCA · United KingdomCySEC · CyprusFSCA · South AfricaDFSA · United Arab Emirates (DIFC)CMA Kenya · KenyaFSA Seychelles · SeychellesRegistered IBC, Saint Vincent and the Grenadines · Saint Vincent and the Grenadines
XS.com7
ASIC · AustraliaCySEC · CyprusFSCA · South AfricaUAE Securities and Commodities Authority · United Arab EmiratesFSA Seychelles · SeychellesLabuan FSA · Malaysia (Labuan)FSC Mauritius · Mauritius
XM4
CySEC · CyprusASIC · AustraliaDFSA · UAEIFSC · Belize
PU Prime4
FSA Seychelles · SeychellesFSC Mauritius · MauritiusFSCA · South AfricaASIC · Australia
tastyfx1
CFTC / NFA · United States
Windsor Brokers5
CySEC · CyprusFSA Seychelles · SeychellesCMA Kenya · KenyaJordan Securities Commission · JordanFSC British Virgin Islands · British Virgin Islands
TMGM4
ASIC · AustraliaVFSC · VanuatuFSA Seychelles · SeychellesFSC Mauritius · Mauritius
Admirals (Admiral Markets)2
FCA · UKCySEC · CyprusEstonian Financial Supervision Authority · Estonia(no longer active)
Decode Global3
ASIC · AustraliaVFSC · VanuatuFSC Mauritius · Mauritius
JustMarkets5
FSA Seychelles · SeychellesCySEC · CyprusFSCA · South AfricaFSC Mauritius · MauritiusFSC British Virgin Islands · British Virgin Islands
Valutrades2
FCA · UKFSA Seychelles · Seychelles
AUS Global5
ASIC · AustraliaCySEC · CyprusFSCA · South AfricaSCA · United Arab EmiratesFSC Mauritius · Mauritius
Global Prime2
ASIC · AustraliaVFSC · Vanuatu
JFD Brokers2
CySEC · CyprusVFSC · Vanuatu
FXTM (ForexTime)4
FCA · United KingdomCySEC · CyprusFSC Mauritius · MauritiusCMA Kenya · Kenya
FBS2
CySEC · CyprusFSC Belize · Belize
Century Financial1
SCA · United Arab Emirates
iFOREX2
CySEC · CyprusBVI FSC · British Virgin Islands
Scope Markets6
CySEC · CyprusFSA Seychelles · SeychellesFSC Mauritius · MauritiusFSCA South Africa · South AfricaFSC Belize · BelizeCMA Kenya · Kenya
Ultima Markets4
FSC Mauritius · MauritiusFSCA · South AfricaFCA · United KingdomNone — Estonian company registration · Estonia
Fortrade6
FCA · United KingdomCIRO · CanadaASIC · AustraliaCySEC · CyprusDFSA · United Arab EmiratesFSC Mauritius · Mauritius
RoboForex2
FSC Belize · BelizeCySEC · Cyprus
Taurex5
FCA · United KingdomFSA Seychelles · SeychellesCapital Market Authority (CMA) UAE, formerly SCA · United Arab EmiratesBank of Sierra Leone · Sierra LeoneNone · Saint Vincent and the Grenadines
FXOpen3
FCA · United KingdomCySEC · CyprusNone disclosed · Saint Kitts and Nevis
InstaForex1
CySEC · Cyprus
HYCM2
FCA · United KingdomDFSA · United Arab Emirates (DIFC)
Fusion Markets3
ASIC · AustraliaFSA Seychelles · SeychellesVFSC · Vanuatu
BlackBull Markets2
FMA New Zealand · New ZealandFSA Seychelles · Seychelles
Hantec Markets5
FCA · United KingdomFSC Mauritius · MauritiusASIC · AustraliaVFSC · VanuatuFSA Seychelles · Seychelles
ATC Brokers3
FCA · United KingdomCIMA · Cayman IslandsFSA Seychelles · Seychelles
Skilling2
CySEC · CyprusFSA Seychelles · Seychelles
Blueberry (formerly Blueberry Markets)3
ASIC · AustraliaFSC Mauritius · MauritiusVFSC · Vanuatu
KVB Kunlun (KVB)2
ASIC · AustraliaBAPPEBTI · Indonesia
Deriv7
MFSA · MaltaBVI FSC · British Virgin IslandsCIMA · Cayman IslandsFSC Mauritius · MauritiusVFSC · VanuatuLabuan FSA · Malaysia (Labuan)None · Saint Vincent and the Grenadines
Octa (formerly OctaFX)3
CySEC · CyprusFSCA · South AfricaFSA Saint Vincent and the Grenadines · Saint Vincent and the Grenadines
OneRoyal4
ASIC · AustraliaCySEC · CyprusVFSC · VanuatuFSA SVG · Saint Vincent and the Grenadines
Eurotrader2
CySEC · CyprusFSC Mauritius · Mauritius
Charles Schwab Futures and Forex1
CFTC / NFA · United States
FXCC3
CySEC · CyprusMISA · Comoros (Mohéli)VFSC · Vanuatu
AAAFx2
HCMC · GreeceFSCA · South Africa
Alchemy Markets (Malta)2
MFSA · MaltaFSA Seychelles · Seychelles
Markets.com3
CySEC · CyprusFSCA · South AfricaFSA St Vincent and the Grenadines · St Vincent and the Grenadines
NAGA2
CySEC · CyprusFSA Seychelles · Seychelles
INFINOX3
FCA · United KingdomCMA · United Arab EmiratesFSC Mauritius · Mauritius
LiteFinance3
None — St Vincent and the Grenadines company registration only · Saint Vincent and the GrenadinesFSC Mauritius · MauritiusCySEC · Cyprus
ACY Securities3
ASIC · AustraliaFSCA · South AfricaSt Vincent and the Grenadines Companies Registry · St Vincent and the Grenadines
Global GT2
FSCA · South AfricaFSA Seychelles · Seychelles
TopFX2
CySEC · CyprusFSA Seychelles · Seychelles
FXGT.com3
FSA Seychelles · SeychellesFSCA · South AfricaVFSC · Vanuatu
Land Prime2
FSC Mauritius · MauritiusNone — St Vincent and the Grenadines IBC registration only · St Vincent and the Grenadines
Moneta Markets5
FCA · United KingdomFSCA · South AfricaFSC Mauritius · MauritiusSaint Lucia Registry of International Business Companies · Saint LuciaCapital Market Authority (CMA) UAE · United Arab Emirates
Libertex1
CySEC · Cyprus
One Financial Markets1
FCA · UK
XGLOBAL Markets2
CySEC · CyprusVFSC · Vanuatu
Errante2
CySEC · CyprusFSA Seychelles · Seychelles
Purple Trading2
CySEC · CyprusCzech National Bank · Czech Republic
IronFX4
FCA · United KingdomCySEC · CyprusBermuda registration cited in IronFX terms of business · BermudaFSC British Virgin Islands · British Virgin Islands
VT Markets4
ASIC · AustraliaFSC Mauritius · MauritiusCMA · United Arab EmiratesFSCA · South Africa
T4Trade1
FSA Seychelles · Seychelles
D Prime (formerly Doo Prime)4
FCA · United KingdomASIC · AustraliaSEC / FINRA · United StatesFSA Seychelles · Seychelles(Current status not independently verified)VFSC · Vanuatu
Khwezi Trade1
FSCA · South Africa
Zero Markets3
ASIC · AustraliaFMA New Zealand · New ZealandFSC Mauritius · Mauritius
M4Markets3
CySEC · CyprusDFSA · United Arab Emirates (DIFC)FSA Seychelles · Seychelles
TIOmarkets4
FCA · United KingdomFSA Seychelles · SeychellesMISA · Union of the ComorosNone · Saint Vincent and the Grenadines
CPT Markets4
FCA · UKFSC Belize · BelizeFSCA South Africa · South AfricaCapital Market Authority, UAE · United Arab Emirates
DeltaStock1
FSC Bulgaria · Bulgaria
IQ Option2
CySEC · CyprusNone disclosed · Antigua and Barbuda
AETOS Capital Group3
ASIC · AustraliaFCA · United Kingdom(no longer active)CIMA · Cayman IslandsVFSC · Vanuatu
Alpari1
Mwali International Services Authority (MISA), Comoros · Comoros (Mohéli)
Xtrade5
FSC Bulgaria · BulgariaFSC Belize · BelizeFSA Seychelles · SeychellesFSCA · South AfricaOffshore Finance Authority of Anjouan · Anjouan, Union of Comoros
City Credit Capital0
FCA · United Kingdom(restricted)
AMarkets3
Mwali International Services Authority (MISA), Comoros · Comoros (Mwali)None — Cook Islands company registration only · Cook IslandsNone — St Vincent and the Grenadines company registration only · St Vincent and the Grenadines
STARTRADER6
FSA Seychelles · SeychellesFSCA · South AfricaASIC · AustraliaCMA · United Arab EmiratesFSC Mauritius · MauritiusFCA · United Kingdom(no longer active)None — Cyprus company registration · Cyprus
FXDD0
MFSA · Malta(no longer active)
Weltrade2
None — Saint Lucia company registration only · Saint LuciaFSCA · South Africa
Markets4you (formerly Forex4you)2
FSC British Virgin Islands · British Virgin IslandsFSC Mauritius · Mauritius
Grand Capital1
MISA · Union of the Comoros
Fondex2
CySEC · CyprusFSA Seychelles · Seychelles
Orbex4
FSC Mauritius · MauritiusFSA Seychelles · SeychellesCySEC · Cyprus(no longer active)None — St Vincent and the Grenadines company registration only · St Vincent and the GrenadinesNone — Saint Lucia IBC registration only · Saint Lucia
ADSS1
Capital Market Authority (CMA) UAE, formerly SCA · United Arab EmiratesFCA · United Kingdom(no longer active)
Traders Trust1
FSA Seychelles · SeychellesCySEC · Cyprus(no longer active)
FXGM1
CySEC · Cyprus
FXPIG1
VFSC · Vanuatu
Key To Markets1
FSC Mauritius · MauritiusFCA · UK(no longer active)
UFX0
CySEC · Cyprus(no longer active)
Milton Markets2
FSA Seychelles · SeychellesNone — Saint Lucia company registration only · Saint Lucia
Exclusive Markets1
FSA Seychelles · Seychelles
Trive Financial4
FSC Mauritius · MauritiusFSCA South Africa · South AfricaMFSA Malta · MaltaASIC · Australia(no longer active)FSC British Virgin Islands · British Virgin Islands
Sway Markets1
None · Saint Vincent and the GrenadinesASIC · Australia(no longer active)
ThreeTrader2
VFSC · VanuatuFSC Mauritius · Mauritius
FXPrimus2
VFSC Vanuatu · VanuatuCySEC · CyprusFSC Mauritius · Mauritius(no longer active)
Trade.com2
FSC Mauritius · MauritiusCySEC · CyprusFCA · United Kingdom(restricted)
NordFX3
None — Saint Lucia company registration only · Saint LuciaFSA Seychelles · SeychellesFSC Mauritius · Mauritius
TitanFX3
VFSC · VanuatuBVI Financial Services Commission · British Virgin IslandsFSC Mauritius · Mauritius
GKFX / GKEurope1
MFSA · MaltaFCA · United Kingdom(no longer active)
Axiory2
FSC Belize · BelizeFSC Mauritius · Mauritius
FreshForex1
None — St Vincent and the Grenadines company registration only · St Vincent and the Grenadines
Gulf Brokers1
FSA Seychelles · Seychelles
Squared Financial1
CySEC · Cyprus(no longer active)None confirmed — named in a CySEC settlement decision · Seychelles
CommexFX0
CySEC · Cyprus(no longer active)
Kwakol Markets0
None verified · Nigeria (marketing claims US/HK/NG/AU offices)(Current status not independently verified)
Rakuten Securities Australia1
ASIC · Australia
LegacyFX1
CySEC · Cyprus

This page shows the headline fields only. All 24 published fields are laid out on the data explorer, and the derivation of the trust column is on the Trust Score page.