2026 dataset

Data explorer

This is the raw material behind every ranking on the site. Each row is a field we record for every broker; each column is a broker, ordered by Trust Score. Where a value is marked Measured we produced it ourselves on a funded account. Where it is marked Register it was read off the issuing regulator's own public record.

24 published fields · 140 scored variables per broker · 27,235 data points total

Coverage

Data points held per broker

Structural facts, editorial assessment and scored variables combined.

Broker	Data points	Licence records	Platforms	Account types	Scored variables
OANDA	210	5	4	3	140
Interactive Brokers	209	4	5	3	140
Saxo Bank	210	5	4	3	140
FOREX.com	210	5	4	3	140
IG Group	217	7	5	4	140
Pepperstone	214	7	4	2	140
CMC Markets	204	3	4	4	140
Trading 212	210	5	2	4	140
City Index	200	2	5	3	140
Plus500	208	5	2	2	140
AvaTrade	209	5	4	2	140
FxPro	207	4	4	3	140
XTB	200	3	2	2	140
Fineco Bank	201	3	2	3	140
ATFX	214	7	3	3	140
Capital.com	213	6	4	3	140
Swissquote	201	2	4	4	140
Axi	211	5	4	3	140
LMAX Global	202	2	4	3	140
Spreadex	198	1	3	3	140
ThinkMarkets	206	4	4	2	140
Tickmill	211	5	4	4	140
Equiti	211	5	3	4	140
Dukascopy	202	2	5	4	140
ActivTrades	205	3	5	4	140
eToro	202	3	2	2	140
FP Markets	212	5	6	3	140
Trade Nation	209	6	3	1	140
Vantage (Vantage Markets)	218	6	5	5	140
Eightcap	212	6	3	2	140
TradeStation Global	195	1	2	2	140
easyMarkets	208	4	5	3	140
GO Markets	207	5	5	2	140
Exness	206	4	3	4	140
IC Markets	201	3	3	2	140
FXCM	206	4	5	3	140
NinjaTrader	195	1	3	0	140
HFM (formerly HotForex)	219	7	3	6	140
XS.com	225	7	3	12	140
XM	206	4	2	3	140
PU Prime	206	4	4	4	140
tastyfx	196	1	4	2	140
Windsor Brokers	207	5	2	3	140
TMGM	209	4	3	3	140
Admirals (Admiral Markets)	166	2	5	6	140
Decode Global	205	3	4	3	140
JustMarkets	210	5	2	4	140
Valutrades	198	2	2	3	140
IUX (IUX Markets)	212	4	3	4	140
AUS Global	207	5	2	3	140
Global Prime	200	2	4	2	140
JFD Brokers	198	2	2	3	140
FXTM (ForexTime)	208	4	3	3	140
FBS	201	2	3	4	140
Century Financial	195	1	1	0	140
iFOREX	197	2	3	3	140
Scope Markets	209	6	2	2	140
Ultima Markets	204	4	2	2	140
Fortrade	209	6	3	1	140
RoboForex	204	2	4	5	140
Taurex	211	5	3	3	140
FXOpen	202	3	4	2	140
InstaForex	195	1	2	2	140
HYCM	199	2	4	1	140
Fusion Markets	204	3	5	2	140
BlackBull Markets	204	2	5	4	140
Hantec Markets	205	5	2	0	140
ATC Brokers	198	3	2	0	140
Skilling	198	2	3	3	140
Blueberry (formerly Blueberry Markets)	200	3	3	3	140
KVB Kunlun (KVB)	200	2	4	4	140
Deriv	215	7	5	2	140
Octa (formerly OctaFX)	203	3	3	3	140
OneRoyal	200	4	2	0	140
Eurotrader	198	2	2	4	140
Charles Schwab Futures and Forex	194	1	3	0	140
FXCC	204	3	2	5	140
AAAFx	200	2	3	3	140
Alchemy Markets (Malta)	194	2	2	0	140
Markets.com	202	3	4	2	140
NAGA	198	2	4	1	140
INFINOX	203	3	0	2	140
LiteFinance	199	3	3	2	140
ACY Securities	200	3	3	0	140
Global GT	200	2	2	5	140
TopFX	197	2	2	3	140
FXGT.com	203	3	2	6	140
Land Prime	161	2	2	4	140
Moneta Markets	211	5	4	3	140
Libertex	195	1	3	2	140
One Financial Markets	191	1	1	1	140
XGLOBAL Markets	194	2	1	1	140
Errante	197	2	2	3	140
Purple Trading	194	2	2	1	140
IronFX	204	4	2	3	140
VT Markets	204	4	3	2	140
T4Trade	193	1	0	4	140
D Prime (formerly Doo Prime)	168	4	4	3	140
Khwezi Trade	192	1	1	2	140
Zero Markets	198	3	2	0	140
M4Markets	202	3	2	4	140
TIOmarkets	202	4	2	3	140
CPT Markets	203	4	2	2	140
DeltaStock	192	1	4	0	140
IQ Option	198	2	3	2	140
AETOS Capital Group	162	3	2	2	140
Alpari	159	1	2	5	140
Xtrade	202	5	2	0	140
City Credit Capital	149	0	0	0	140
AMarkets	164	3	2	4	140
STARTRADER	175	6	4	4	140
FXDD	151	0	2	0	140
Weltrade	200	2	2	6	140
Markets4you (formerly Forex4you)	160	2	2	3	140
Grand Capital	159	1	2	5	140
Fondex	193	2	1	1	140
Orbex	167	4	2	4	140
ADSS	158	1	3	3	140
Traders Trust	158	1	2	4	140
FXGM	190	1	2	0	140
FXPIG	195	1	3	3	140
Key To Markets	156	1	2	2	140
UFX	155	0	2	4	140
Milton Markets	158	2	2	1	140
Exclusive Markets	159	1	2	5	140
Trive Financial	168	4	2	5	140
Sway Markets	158	1	2	4	140
ThreeTrader	160	2	2	3	140
FXPrimus	162	2	3	4	140
Trade.com	155	2	0	0	140
NordFX	163	3	2	3	140
TitanFX	163	3	2	3	140
GKFX / GKEurope	152	1	0	0	140
Axiory	162	2	3	4	140
FreshForex	158	1	2	4	140
Gulf Brokers	160	1	1	7	140
Squared Financial	157	1	2	3	140
CommexFX	149	0	0	0	140
Kwakol Markets	151	0	2	0	140
Rakuten Securities Australia	189	1	1	0	140
LegacyFX	188	1	0	0	140

Group 01

Identity & structure

4 fields

Corporate facts taken from the operating entity's own filings and the regulator's register entry.

Field	Unit	Source	OANDA	Interactive Brokers	Saxo Bank	FOREX.com	IG Group	Pepperstone	CMC Markets	Trading 212	City Index	Plus500	AvaTrade	FxPro	XTB	Fineco Bank	ATFX	Capital.com	Swissquote	Axi	LMAX Global	Spreadex	ThinkMarkets	Tickmill	Equiti	Dukascopy	ActivTrades	eToro	FP Markets	Trade Nation	Vantage (Vantage Markets)	Eightcap	TradeStation Global	easyMarkets	GO Markets	Exness	IC Markets	FXCM	NinjaTrader	HFM (formerly HotForex)	XS.com	XM	PU Prime	tastyfx	Windsor Brokers	TMGM	Admirals (Admiral Markets)	Decode Global	JustMarkets	Valutrades	IUX (IUX Markets)	AUS Global	Global Prime	JFD Brokers	FXTM (ForexTime)	FBS	Century Financial	iFOREX	Scope Markets	Ultima Markets	Fortrade	RoboForex	Taurex	FXOpen	InstaForex	HYCM	Fusion Markets	BlackBull Markets	Hantec Markets	ATC Brokers	Skilling	Blueberry (formerly Blueberry Markets)	KVB Kunlun (KVB)	Deriv	Octa (formerly OctaFX)	OneRoyal	Eurotrader	Charles Schwab Futures and Forex	FXCC	AAAFx	Alchemy Markets (Malta)	Markets.com	NAGA	INFINOX	LiteFinance	ACY Securities	Global GT	TopFX	FXGT.com	Land Prime	Moneta Markets	Libertex	One Financial Markets	XGLOBAL Markets	Errante	Purple Trading	IronFX	VT Markets	T4Trade	D Prime (formerly Doo Prime)	Khwezi Trade	Zero Markets	M4Markets	TIOmarkets	CPT Markets	DeltaStock	IQ Option	AETOS Capital Group	Alpari	Xtrade	City Credit Capital	AMarkets	STARTRADER	FXDD	Weltrade	Markets4you (formerly Forex4you)	Grand Capital	Fondex	Orbex	ADSS	Traders Trust	FXGM	FXPIG	Key To Markets	UFX	Milton Markets	Exclusive Markets	Trive Financial	Sway Markets	ThreeTrader	FXPrimus	Trade.com	NordFX	TitanFX	GKFX / GKEurope	Axiory	FreshForex	Gulf Brokers	Squared Financial	CommexFX	Kwakol Markets	Rakuten Securities Australia	LegacyFX
Year founded	year	Register	1996.00	1978.00	1992.00	2001.00	1974.00	2010.00	1989.00	2004.00	1983.00	2008.00	2006.00	2006.00	2002.00	1999.00	2017.00	2016.00	1996.00	2007.00	2010.00	1999.00	2010.00	2014.00	2008.00	2004.00	2001.00	2007.00	2005.00	2014.00	2009.00	2009.00	2004.00	2001.00	2006.00	2008.00	2007.00	1999.00	2003.00	2010.00	2010.00	2009.00	2015.00	not verified	1988.00	2013.00	2001.00	2004.00	2012.00	2012.00	2016.00	not verified	2010.00	2011.00	2011.00	2009.00	1989.00	1996.00	2014.00	2016.00	not verified	2009.00	2017.00	2005.00	2007.00	not verified	2017.00	2014.00	not verified	not verified	2016.00	not verified	not verified	1999.00	2011.00	not verified	2015.00	not verified	2010.00	2010.00	2014.00	not verified	not verified	2009.00	2005.00	not verified	not verified	not verified	not verified	2013.00	not verified	not verified	2007.00	2012.00	2019.00	2015.00	not verified	not verified	not verified	2014.00	2013.00	not verified	not verified	2019.00	not verified	not verified	2013.00	2007.00	1998.00	not verified	2001.00	2007.00	2019.00	2003.00	not verified	2007.00	2006.00	not verified	2011.00	2011.00	2009.00	2011.00	not verified	2010.00	2010.00	2016.00	not verified	not verified	2021.00	2021.00	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified
Years operating	years	Derived	30	48	34	25	52	16	37	22	43	18	20	20	24	27	9	10	30	19	16	27	16	12	18	22	25	19	21	12	17	17	22	25	20	18	19	27	23	16	16	17	11	not verified	38	13	25	22	14	14	10	not verified	16	15	15	17	37	30	12	10	not verified	17	9	21	19	not verified	9	12	not verified	not verified	10	not verified	not verified	27	15	not verified	11	not verified	16	16	12	not verified	not verified	17	21	not verified	not verified	not verified	not verified	13	not verified	not verified	19	14	7	11	not verified	not verified	not verified	12	13	not verified	not verified	7	not verified	not verified	13	19	28	not verified	25	19	7	23	not verified	19	20	not verified	15	15	17	15	not verified	16	16	10	not verified	not verified	5	5	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified
Headquarters	city	Filing	New York, USA	Greenwich, Connecticut, USA	Hellerup (Copenhagen), Denmark	New Jersey, USA (StoneX)	London, UK	Melbourne, Australia	London, UK	London, UK	London, UK	Haifa, Israel	Dublin, Ireland	London, UK	Warsaw, Poland	Reggio Emilia / Milan, Italy (registered office Piazza Durante 11, Milan)	London, United Kingdom	London, UK	Gland, Switzerland	Sydney, Australia	London, UK	St Albans, Hertfordshire, UK	Melbourne, Australia	London, United Kingdom	Mahe, Seychelles	Geneva, Switzerland	London, UK	Tel Aviv, Israel	Sydney, Australia	London, United Kingdom	Sydney, Australia	Melbourne, Australia	London, United Kingdom	Limassol, Cyprus	Melbourne, Australia	Limassol, Cyprus	Sydney, Australia	London, UK	Chicago, Illinois, United States	Ebene, Mauritius	Eden Island, Seychelles	Limassol, Cyprus	Mahe, Seychelles	Chicago, Illinois, United States	Limassol, Cyprus	Sydney, Australia	Tallinn, Estonia	Port Vila, Vanuatu	not verified	London, UK	Ebene Cybercity, Mauritius	not verified	South Yarra, Melbourne, Australia	Limassol, Cyprus (70 Kyrillou Loukareos, KAKOS PREMIER TOWER, 4156 Limassol)	Limassol, Cyprus	Belize City, Belize	Dubai, United Arab Emirates	Limassol, Cyprus	not verified	Mauritius	London, United Kingdom	Belize City, Belize	London, United Kingdom	London, United Kingdom	not verified	not verified	Melbourne, Australia	Auckland, New Zealand	not verified	London, UK (3rd Floor Waverley House, 7-12 Noel Street, W1F 8GQ - FCA entity's registered office per own site)	Cyprus	Sydney, Australia	Hong Kong (KVB Kunlun Financial Group Limited)	not verified	not verified	not verified	Limassol, Cyprus (group); current site HQ block: 3 Emerald Park, Trianon, Quatre Bornes, Mauritius	United States	Limassol, Cyprus	Athens, Greece	CT House, Office 2C, Providence, Mahe, Seychelles	Limassol, Cyprus	not verified	The Catalyst Building, 40 Cybercity, Ebene, Mauritius	not verified	ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067, Australia	not verified	KSENOS Building, Office 502, Troodous 2, Agios Athanasios, 4105 Limassol, Cyprus	Mahé, Seychelles	Kingstown, St Vincent and the Grenadines	not verified	Cyprus	London, UK	Limassol, Cyprus (162 Fragklinou Rousvelt, 1st & 2nd Floors, 3045)	Nicosia, Cyprus	Limassol, Cyprus	Limassol, Cyprus (registered address of Notesco Financial Services Limited: Iapetou 2, 4101 Limassol)	not verified	Ile du Port, Office No. B3, 3rd Floor, Azores Building, Mahe, Seychelles	not verified	Cape Town, South Africa (Office 1801B, 18th Floor Portside Tower, 4 Bree Street)	Sydney, Australia	not verified	London, United Kingdom	London, UK	Sofia, Bulgaria (6 Korab Planina Street; UIC 128042807)	Limassol, Cyprus	Level 15, 122 Arthur Street, North Sydney NSW 2060, Australia	Fomboni, Island of Mohéli, Comoros (registered office of the operating entity)	Sofia, Bulgaria (EU entity Up Trend Ltd, UIC 121527003; group footer also lists a Cape Town office)	London, United Kingdom	not verified	Mahé, Seychelles	not verified	Rodney Bay, Gros-Islet, Saint Lucia (registered office)	Road Town, Tortola, British Virgin Islands	Mahé, Seychelles	Limassol, Cyprus	Ebene, Mauritius	Abu Dhabi, United Arab Emirates	not verified	Nicosia, Cyprus (per company profile; Limassol not excluded - both reported)	Port Vila, Republic of Vanuatu (Level 2 Transpacific Haus, Lini Highway - own site footer)	not verified	Limassol, Cyprus (former)	not verified	Mahe, Seychelles	not verified	Kingstown, Saint Vincent and the Grenadines	Port Vila, Vanuatu	Port Vila, Vanuatu (operating entity)	Suite 403, 4th floor, The Catalyst Building, Ebene, Reduit, Mauritius	Rodney Bay, Gros-Islet, Saint Lucia (registered office)	Port Vila, Vanuatu	not verified	not verified	Kingstown, St Vincent and the Grenadines (registered office)	Mahe, Seychelles	Limassol, Cyprus	249, 28th October Str, Lophitis Business Centre, 4th floor, CY-3035 Limassol, Cyprus	not verified	Sydney, Australia	47 Ioanni Kondylaki Street, Q Tower, CY 6042, Larnaca, Cyprus
Licensed entities	count	Register	5	4	5	5	7	7	3	5	2	5	5	4	3	3	7	6	2	5	2	1	4	5	5	2	3	3	5	6	6	6	1	4	5	4	3	4	1	7	7	4	4	1	5	4	2 live of 3 listed	3	5	2	4 live of 5 listed	5	2	2	4	2	1	2	6	4	6	2	5	3	1	2	3	2	5	3	2	3	2	7	3	4	2	1	3	2	2	3	2	3	3	3	2	2	3	2	5	1	1	2	2	2	4	4	1	4 live of 5 listed	1	3	3	4	4	1	2	3 live of 4 listed	1	5	0 live of 1 listed	3	6 live of 7 listed	0 live of 1 listed	2	2	1	2	4 live of 5 listed	1 live of 2 listed	1 live of 2 listed	1	1	1 live of 2 listed	0 live of 1 listed	2	1	4 live of 5 listed	1 live of 2 listed	2	2 live of 3 listed	2 live of 3 listed	3	3	1 live of 2 listed	2	1	1	1 live of 2 listed	0 live of 1 listed	0 live of 1 listed	1	1

Group 02

Regulation

5 fields

Every licence below was opened on the regulator's own public register during this review cycle.

Field	Unit	Source	OANDA	Interactive Brokers	Saxo Bank	FOREX.com	IG Group	Pepperstone	CMC Markets	Trading 212	City Index	Plus500	AvaTrade	FxPro	XTB	Fineco Bank	ATFX	Capital.com	Swissquote	Axi	LMAX Global	Spreadex	ThinkMarkets	Tickmill	Equiti	Dukascopy	ActivTrades	eToro	FP Markets	Trade Nation	Vantage (Vantage Markets)	Eightcap	TradeStation Global	easyMarkets	GO Markets	Exness	IC Markets	FXCM	NinjaTrader	HFM (formerly HotForex)	XS.com	XM	PU Prime	tastyfx	Windsor Brokers	TMGM	Admirals (Admiral Markets)	Decode Global	JustMarkets	Valutrades	IUX (IUX Markets)	AUS Global	Global Prime	JFD Brokers	FXTM (ForexTime)	FBS	Century Financial	iFOREX	Scope Markets	Ultima Markets	Fortrade	RoboForex	Taurex	FXOpen	InstaForex	HYCM	Fusion Markets	BlackBull Markets	Hantec Markets	ATC Brokers	Skilling	Blueberry (formerly Blueberry Markets)	KVB Kunlun (KVB)	Deriv	Octa (formerly OctaFX)	OneRoyal	Eurotrader	Charles Schwab Futures and Forex	FXCC	AAAFx	Alchemy Markets (Malta)	Markets.com	NAGA	INFINOX	LiteFinance	ACY Securities	Global GT	TopFX	FXGT.com	Land Prime	Moneta Markets	Libertex	One Financial Markets	XGLOBAL Markets	Errante	Purple Trading	IronFX	VT Markets	T4Trade	D Prime (formerly Doo Prime)	Khwezi Trade	Zero Markets	M4Markets	TIOmarkets	CPT Markets	DeltaStock	IQ Option	AETOS Capital Group	Alpari	Xtrade	City Credit Capital	AMarkets	STARTRADER	FXDD	Weltrade	Markets4you (formerly Forex4you)	Grand Capital	Fondex	Orbex	ADSS	Traders Trust	FXGM	FXPIG	Key To Markets	UFX	Milton Markets	Exclusive Markets	Trive Financial	Sway Markets	ThreeTrader	FXPrimus	Trade.com	NordFX	TitanFX	GKFX / GKEurope	Axiory	FreshForex	Gulf Brokers	Squared Financial	CommexFX	Kwakol Markets	Rakuten Securities Australia	LegacyFX
Tier-1 licences	count	Register	5	4	5	4	7	3	3	3	2	2	2	1	1	3	3	2	2	2	1	1	2	1	1	1	1	2	1	2	2	2	1	1	1	1	1	2	1	1	1	1	1	1	0	1	1	1	0	1	1	1	1	0	1	0	0	0	0	1	3	0	1	1	0	1	1	0	2	1	0	1	1	0	0	1	0	1	0	0	0	0	0	1	0	1	0	0	0	0	1	0	1	0	0	0	1	1	0	3	0	1	0	1	1	0	0	1	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0
Tier-2 licences	count	Register	0	0	0	0	0	3	0	2	0	3	3	2	2	0	2	3	0	2	1	0	1	3	3	1	1	1	3	2	1	1	0	1	1	2	1	1	0	4	3	2	1	0	3	0	1	0	2	0	1	3	0	1	2	1	1	1	3	1	2	1	1	1	1	1	0	1	0	0	1	0	0	1	2	1	1	0	1	2	1	2	1	0	1	1	1	1	1	0	2	1	0	1	1	2	1	1	0	0	1	1	2	0	1	1	1	0	0	2	0	0	1	0	1	0	0	1	0	1	0	1	0	0	0	0	0	2	0	0	1	1	0	0	1	0	0	0	0	0	0	0	1
Tier-3 licences	count	Register	0	0	0	1	0	1	0	0	0	0	0	1	0	0	2	1	0	1	0	0	1	1	1	0	1	0	1	2	3	3	0	2	3	1	1	1	0	2	3	1	2	0	2	3	0	2	3	1	2	1	1	1	1	1	0	1	3	2	1	1	3	1	0	0	2	1	3	2	1	2	1	6	1	2	1	0	2	0	1	1	1	2	2	1	1	1	2	2	2	0	0	1	1	0	2	2	1	1	0	1	1	3	2	0	1	2	1	3	0	3	4	0	1	2	1	1	4	0	1	0	1	1	0	2	1	2	1	2	1	1	3	3	0	2	1	1	1	0	0	0	0
Regulatory reach index	0–100	Derived	100	88	100	91	100	96	66	84	44	71	71	43	40	66	90	74	44	65	31	22	56	52	52	31	34	53	52	68	62	62	22	37	40	43	34	56	22	64	58	43	37	22	33	31	31	28	27	25	37	52	25	12	43	12	9	12	36	37	87	12	40	34	9	31	28	12	53	28	12	28	25	27	21	37	12	22	15	18	12	21	12	28	15	34	12	12	15	6	46	9	22	12	12	18	37	37	3	69	9	34	21	31	37	9	12	28	3	27	0	9	43	0	12	6	3	12	12	9	3	9	3	3	0	6	3	24	3	6	12	12	9	9	9	6	3	3	3	0	0	22	9
Authorities	list	Register	FCA, CFTC/NFA, ASIC, IIROC, MAS	SEC/CFTC/NFA, FCA, Central Bank of Ireland, ASIC	Danish FSA, FCA, FINMA, MAS, FSA Japan	CFTC/NFA, FCA, ASIC, CIRO, CIMA	FCA, FCA, BaFin, FINMA, ASIC, MAS, NFA/CFTC	FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB	FCA, FCA, ASIC	FCA, CySEC, ASIC, BaFin, Financial Supervision Commission	FCA, ASIC	FCA, CySEC, ASIC, FMA, FSCA	Central Bank of Ireland, ASIC, FSCA, FSA, ADGM	FCA, CySEC, FSCA, SCB	KNF, FCA, CySEC	Bank of Italy, FCA, PRA	FCA, ASIC, SFC Hong Kong, CySEC, FSCA, FSC Mauritius, FSA Seychelles	FCA, CySEC, CySEC, ASIC, SCA, SCB	FINMA, FCA	ASIC, FCA, DFSA, FMA New Zealand, FSA Saint Vincent and the Grenadines	FCA, CySEC	FCA	ASIC, FCA, CySEC, FSA Seychelles	FCA, CySEC, FSCA, DFSA, FSA Seychelles	FCA, CySEC, FSA Seychelles, CMA Kenya, UAE Securities and Commodities Authority	FINMA, Latvijas Banka	FCA, CSSF, SCB	FCA, CySEC, ASIC	ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya	FCA, ASIC, FSCA, Securities Commission of The Bahamas, FSA Seychelles, CMVM	ASIC, FCA, FSCA, CIMA, VFSC, CMA	ASIC, FCA, CySEC, SCB Bahamas, FSA Seychelles, FSC Mauritius	FCA	CySEC, ASIC, FSA Seychelles, BVI FSC	ASIC, CySEC, FSA Seychelles, FSC Mauritius, Registered in Saint Vincent and the Grenadines	FCA, CySEC, FSCA, FSA	ASIC, CySEC, FSA	FCA, CySEC, ASIC, None	CFTC / NFA	FCA, CySEC, FSCA, DFSA, CMA Kenya, FSA Seychelles, Registered IBC, Saint Vincent and the Grenadines	ASIC, CySEC, FSCA, UAE Securities and Commodities Authority, FSA Seychelles, Labuan FSA, FSC Mauritius	CySEC, ASIC, DFSA, IFSC	FSA Seychelles, FSC Mauritius, FSCA, ASIC	CFTC / NFA	CySEC, FSA Seychelles, CMA Kenya, Jordan Securities Commission, FSC British Virgin Islands	ASIC, VFSC, FSA Seychelles, FSC Mauritius	FCA, CySEC, Estonian Financial Supervision Authority	ASIC, VFSC, FSC Mauritius	FSA Seychelles, CySEC, FSCA, FSC Mauritius, FSC British Virgin Islands	FCA, FSA Seychelles	ASIC, FSCA, FSC Mauritius, FSA Saint Vincent and the Grenadines, Mwali International Services Authority (MISA), Comoros	ASIC, CySEC, FSCA, SCA, FSC Mauritius	ASIC, VFSC	CySEC, VFSC	FCA, CySEC, FSC Mauritius, CMA Kenya	CySEC, FSC Belize	SCA	CySEC, BVI FSC	CySEC, FSA Seychelles, FSC Mauritius, FSCA South Africa, FSC Belize, CMA Kenya	FSC Mauritius, FSCA, FCA, None — Estonian company registration	FCA, CIRO, ASIC, CySEC, DFSA, FSC Mauritius	FSC Belize, CySEC	FCA, FSA Seychelles, Capital Market Authority (CMA) UAE, formerly SCA, Bank of Sierra Leone, None	FCA, CySEC, None disclosed	CySEC	FCA, DFSA	ASIC, FSA Seychelles, VFSC	FMA New Zealand, FSA Seychelles	FCA, FSC Mauritius, ASIC, VFSC, FSA Seychelles	FCA, CIMA, FSA Seychelles	CySEC, FSA Seychelles	ASIC, FSC Mauritius, VFSC	ASIC, BAPPEBTI	MFSA, BVI FSC, CIMA, FSC Mauritius, VFSC, Labuan FSA, None	CySEC, FSCA, FSA Saint Vincent and the Grenadines	ASIC, CySEC, VFSC, FSA SVG	CySEC, FSC Mauritius	CFTC / NFA	CySEC, MISA, VFSC	HCMC, FSCA	MFSA, FSA Seychelles	CySEC, FSCA, FSA St Vincent and the Grenadines	CySEC, FSA Seychelles	FCA, CMA, FSC Mauritius	None — St Vincent and the Grenadines company registration only, FSC Mauritius, CySEC	ASIC, FSCA, St Vincent and the Grenadines Companies Registry	FSCA, FSA Seychelles	CySEC, FSA Seychelles	FSA Seychelles, FSCA, VFSC	FSC Mauritius, None — St Vincent and the Grenadines IBC registration only	FCA, FSCA, FSC Mauritius, Saint Lucia Registry of International Business Companies, Capital Market Authority (CMA) UAE	CySEC	FCA	CySEC, VFSC	CySEC, FSA Seychelles	CySEC, Czech National Bank	FCA, CySEC, Bermuda registration cited in IronFX terms of business, FSC British Virgin Islands	ASIC, FSC Mauritius, CMA, FSCA	FSA Seychelles	FCA, ASIC, SEC / FINRA, FSA Seychelles, VFSC	FSCA	ASIC, FMA New Zealand, FSC Mauritius	CySEC, DFSA, FSA Seychelles	FCA, FSA Seychelles, MISA, None	FCA, FSC Belize, FSCA South Africa, Capital Market Authority, UAE	FSC Bulgaria	CySEC, None disclosed	ASIC, FCA, CIMA, VFSC	Mwali International Services Authority (MISA), Comoros	FSC Bulgaria, FSC Belize, FSA Seychelles, FSCA, Offshore Finance Authority of Anjouan	FCA	Mwali International Services Authority (MISA), Comoros, None — Cook Islands company registration only, None — St Vincent and the Grenadines company registration only	FSA Seychelles, FSCA, ASIC, CMA, FSC Mauritius, FCA, None — Cyprus company registration	MFSA	None — Saint Lucia company registration only, FSCA	FSC British Virgin Islands, FSC Mauritius	MISA	CySEC, FSA Seychelles	FSC Mauritius, FSA Seychelles, CySEC, None — St Vincent and the Grenadines company registration only, None — Saint Lucia IBC registration only	Capital Market Authority (CMA) UAE, formerly SCA, FCA	FSA Seychelles, CySEC	CySEC	VFSC	FSC Mauritius, FCA	CySEC	FSA Seychelles, None — Saint Lucia company registration only	FSA Seychelles	FSC Mauritius, FSCA South Africa, MFSA Malta, ASIC, FSC British Virgin Islands	None, ASIC	VFSC, FSC Mauritius	VFSC Vanuatu, CySEC, FSC Mauritius	FSC Mauritius, CySEC, FCA	None — Saint Lucia company registration only, FSA Seychelles, FSC Mauritius	VFSC, BVI Financial Services Commission, FSC Mauritius	MFSA, FCA	FSC Belize, FSC Mauritius	None — St Vincent and the Grenadines company registration only	FSA Seychelles	CySEC, None confirmed — named in a CySEC settlement decision	CySEC	None verified	ASIC	CySEC

Group 03

Cost of trading

4 fields

Spreads are the averages we observed ourselves on a funded account, not the advertised figure.

Field	Unit	Source	OANDA	Interactive Brokers	Saxo Bank	FOREX.com	IG Group	Pepperstone	CMC Markets	Trading 212	City Index	Plus500	AvaTrade	FxPro	XTB	Fineco Bank	ATFX	Capital.com	Swissquote	Axi	LMAX Global	Spreadex	ThinkMarkets	Tickmill	Equiti	Dukascopy	ActivTrades	eToro	FP Markets	Trade Nation	Vantage (Vantage Markets)	Eightcap	TradeStation Global	easyMarkets	GO Markets	Exness	IC Markets	FXCM	NinjaTrader	HFM (formerly HotForex)	XS.com	XM	PU Prime	tastyfx	Windsor Brokers	TMGM	Admirals (Admiral Markets)	Decode Global	JustMarkets	Valutrades	IUX (IUX Markets)	AUS Global	Global Prime	JFD Brokers	FXTM (ForexTime)	FBS	Century Financial	iFOREX	Scope Markets	Ultima Markets	Fortrade	RoboForex	Taurex	FXOpen	InstaForex	HYCM	Fusion Markets	BlackBull Markets	Hantec Markets	ATC Brokers	Skilling	Blueberry (formerly Blueberry Markets)	KVB Kunlun (KVB)	Deriv	Octa (formerly OctaFX)	OneRoyal	Eurotrader	Charles Schwab Futures and Forex	FXCC	AAAFx	Alchemy Markets (Malta)	Markets.com	NAGA	INFINOX	LiteFinance	ACY Securities	Global GT	TopFX	FXGT.com	Land Prime	Moneta Markets	Libertex	One Financial Markets	XGLOBAL Markets	Errante	Purple Trading	IronFX	VT Markets	T4Trade	D Prime (formerly Doo Prime)	Khwezi Trade	Zero Markets	M4Markets	TIOmarkets	CPT Markets	DeltaStock	IQ Option	AETOS Capital Group	Alpari	Xtrade	City Credit Capital	AMarkets	STARTRADER	FXDD	Weltrade	Markets4you (formerly Forex4you)	Grand Capital	Fondex	Orbex	ADSS	Traders Trust	FXGM	FXPIG	Key To Markets	UFX	Milton Markets	Exclusive Markets	Trive Financial	Sway Markets	ThreeTrader	FXPrimus	Trade.com	NordFX	TitanFX	GKFX / GKEurope	Axiory	FreshForex	Gulf Brokers	Squared Financial	CommexFX	Kwakol Markets	Rakuten Securities Australia	LegacyFX
EUR/USD spread observed	pips	Measured	1.00	not verified	0.90	1.00	0.60	0.60	0.50	not verified	0.50	0.60	0.90	0.90	0.50	not verified	0.80	0.60	1.70	0.70	not verified	0.60	not verified	0.10	1.40	not verified	0.50	1.00	not verified	not verified	not verified	0.10	1.40	not verified	not verified	0.70	0.62	1.30	not verified	not verified	1.10	0.80	1.30	0.80	not verified	1.00	0.50	0.90	0.30	not verified	0.90	not verified	not verified	not verified	not verified	0.70	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	0.80	not verified	not verified	not verified	not verified	not verified	not verified	0.60	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	0.90	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	1.60	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified
Round-turn cost, 1 lot	USD	Derived	$10.00	not verified	$9.00	$10.00	$6.00	$6.00	$5.00	not verified	$5.00	$6.00	$9.00	$9.00	$5.00	not verified	$8.00	$6.00	$17.00	$7.00	not verified	$6.00	not verified	$1.00	$14.00	not verified	$5.00	$10.00	not verified	not verified	not verified	$1.00	$14.00	not verified	not verified	$7.00	$6.20	$13.00	not verified	not verified	$11.00	$8.00	$13.00	$8.00	not verified	$10.00	$5.00	$9.00	$3.00	not verified	$9.00	not verified	not verified	not verified	not verified	$7.00	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	$8.00	not verified	not verified	not verified	not verified	not verified	not verified	$6.00	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	$9.00	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	$16.00	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified
Minimum deposit	USD	Broker terms	none	none	none	$100	none	none	none	$1	$100	$100	$100	$100	none	not verified	$100	$20	$1,000	none	not verified	not verified	none	$100	not verified	$100	none	$50	$100	not verified	$50	$100	$1,000	$25	$200	$10	$200	$50	not verified	none	none	$5	not verified	none	not verified	$100	$100	$100	$10	not verified	$200	not verified	none	not verified	$10	$5	not verified	not verified	not verified	not verified	not verified	$10	none	not verified	$1	not verified	none	none	not verified	not verified	$100	not verified	not verified	not verified	$25	not verified	not verified	not verified	not verified	not verified	not verified	$100	not verified	$50	not verified	not verified	not verified	not verified	not verified	$10	$50	$100	not verified	not verified	not verified	not verified	$100	not verified	not verified	$100	not verified	not verified	not verified	not verified	not verified	not verified	not verified	not verified	$30	not verified	not verified	not verified	not verified	not verified	$10	none	$10	not verified	not verified	not verified	$50	not verified	not verified	not verified	not verified	not verified	not verified	not verified	$10	$100	$15	not verified	not verified	not verified	not verified	$10	not verified	$1,000	none	not verified	not verified	not verified	not verified
Fees pillar score	0–10	Scored	8.3	9.2	8.0	8.7	8.5	9.1	8.0	7.8	8.5	8.2	7.8	8.9	8.5	5.5	7.8	8.5	6.5	8.5	8.8	8.8	7.8	8.5	7.0	7.8	9.0	6.5	7.0	7.5	7.8	8.5	7.5	7.2	8.5	8.8	8.7	6.5	6.5	7.8	8.0	7.5	7.5	9.0	6.0	7.0	0.0	8.0	8.8	7.0	9.0	7.5	7.5	7.5	7.8	8.5	6.0	6.5	7.0	7.2	5.0	8.0	7.8	6.5	7.2	7.0	7.9	8.8	6.0	7.0	6.8	7.0	7.2	7.2	8.5	7.2	7.2	5.5	6.0	6.5	7.2	7.0	7.5	5.5	5.0	6.0	7.0	7.0	7.3	0.0	6.5	6.5	3.0	4.5	5.0	5.0	6.5	6.0	7.5	0.0	3.0	4.0	5.0	4.0	4.5	5.0	6.0	0.0	0.0	5.0	0.0	0.0	0.0	0.0	6.0	0.0	0.0	4.0	0.0	0.0	0.0	3.5	6.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.0	0.5

Group 04

Platforms & products

5 fields

Counted inside the live account. Platforms unavailable to the entity we were onboarded to were excluded.

Field	Unit	Source	OANDA	Interactive Brokers	Saxo Bank	FOREX.com	IG Group	Pepperstone	CMC Markets	Trading 212	City Index	Plus500	AvaTrade	FxPro	XTB	Fineco Bank	ATFX	Capital.com	Swissquote	Axi	LMAX Global	Spreadex	ThinkMarkets	Tickmill	Equiti	Dukascopy	ActivTrades	eToro	FP Markets	Trade Nation	Vantage (Vantage Markets)	Eightcap	TradeStation Global	easyMarkets	GO Markets	Exness	IC Markets	FXCM	NinjaTrader	HFM (formerly HotForex)	XS.com	XM	PU Prime	tastyfx	Windsor Brokers	TMGM	Admirals (Admiral Markets)	Decode Global	JustMarkets	Valutrades	IUX (IUX Markets)	AUS Global	Global Prime	JFD Brokers	FXTM (ForexTime)	FBS	Century Financial	iFOREX	Scope Markets	Ultima Markets	Fortrade	RoboForex	Taurex	FXOpen	InstaForex	HYCM	Fusion Markets	BlackBull Markets	Hantec Markets	ATC Brokers	Skilling	Blueberry (formerly Blueberry Markets)	KVB Kunlun (KVB)	Deriv	Octa (formerly OctaFX)	OneRoyal	Eurotrader	Charles Schwab Futures and Forex	FXCC	AAAFx	Alchemy Markets (Malta)	Markets.com	NAGA	INFINOX	LiteFinance	ACY Securities	Global GT	TopFX	FXGT.com	Land Prime	Moneta Markets	Libertex	One Financial Markets	XGLOBAL Markets	Errante	Purple Trading	IronFX	VT Markets	T4Trade	D Prime (formerly Doo Prime)	Khwezi Trade	Zero Markets	M4Markets	TIOmarkets	CPT Markets	DeltaStock	IQ Option	AETOS Capital Group	Alpari	Xtrade	City Credit Capital	AMarkets	STARTRADER	FXDD	Weltrade	Markets4you (formerly Forex4you)	Grand Capital	Fondex	Orbex	ADSS	Traders Trust	FXGM	FXPIG	Key To Markets	UFX	Milton Markets	Exclusive Markets	Trive Financial	Sway Markets	ThreeTrader	FXPrimus	Trade.com	NordFX	TitanFX	GKFX / GKEurope	Axiory	FreshForex	Gulf Brokers	Squared Financial	CommexFX	Kwakol Markets	Rakuten Securities Australia	LegacyFX
Platforms available	list	Live account	MT4, MT5, OANDA Trade, TradingView	Trader Workstation (TWS), IBKR Desktop, Client Portal, IBKR Mobile, API/FIX	SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, Mobile apps	MT4, MT5, TradingView, Web Trader	Proprietary web platform, MT4, ProRealTime, L2 Dealer, Mobile apps	MT4, MT5, cTrader, TradingView	Next Generation (proprietary web), MT4, TradingView (selected regions), Mobile apps	Trading 212 proprietary web platform, Mobile apps	City Index Web Trader, MT4, TradingView, AT Pro, Mobile apps	Plus500 WebTrader, Plus500 App	MT4, MT5, AvaTradeGO, WebTrader	MT4, MT5, cTrader, FxPro Edge	xStation 5 (proprietary web/desktop), xStation Mobile	Fineco Web/App platform, PowerDesk	MT4, MT5, ATFX app	Capital.com proprietary web platform, MT4 (selected entities), TradingView, Mobile apps	MT4, MT5, CFXD/Advanced Trader, Swissquote web and mobile	MT4, MT5, Axi app, TradingView	LMAX proprietary web platform, MT4, MT5, FIX API	Spreadex proprietary web platform, TradingView, Mobile apps	ThinkTrader, MT4, MT5, TradingView	MT4, MT5, TradingView, Tickmill Trader	MT4, MT5, Equiti Trader	JForex (proprietary), MT4, MT5, Web platform, Mobile apps	ActivTrader (proprietary), MT4, MT5, TradingView, Mobile apps	eToro Platform, eToro App	MT4, MT5, cTrader, TradingView, Iress, Mobile apps	TN Trader, MT4, TradingView	MT4, MT5, TradingView, Vantage app, ProTrader	MT4, MT5, TradingView	TradeStation Global platform, Interactive Brokers infrastructure	easyMarkets proprietary web platform, MT4, MT5, TradingView, Mobile apps	MT4, MT5, cTrader, TradingView, GO WebTrader	MT4, MT5, Exness Terminal	MT4, MT5, cTrader	Trading Station, MT4, TradingView, Capitalise.ai, Mobile apps	NinjaTrader Desktop, NinjaTrader Web, NinjaTrader Mobile	MT4, MT5, HFM app	MT4, MT5, XS mobile app	MT4, MT5	MT4, MT5, PU Prime App, PU Web Trader	tastyfx web platform, MT4, MT5, Mobile apps	MT4, MT5	MT4, MT5, IRESS	MT4, MT5, MetaTrader WebTrader, Admirals proprietary platform, Mobile app	MT4, MT5, DecodeFX App, DecodeFX Web	MT4, MT5	MT4, MT5	MT5, IUX web platform, IUX mobile app	MT4, MT5	MT4, MT5, cTrader, TradingView	MT4, MT5	MT4, MT5, FXTM Trader app	MT4, MT5, FBS Trader app	MT5	iFOREX web platform, iFOREX app, MT4 (regional offerings)	MT4, MT5	MT4, MT5	Fortrade web platform, Fortrade desktop platform, Fortrade mobile apps (iOS, Android)	MT4, MT5, R StocksTrader, RoboForex WebTrader	MT4, MT5, TradingView	MT4, MT5, TickTrader, TradingView	MT4, MT5	HYCM Trader, MT4, MT5, Web Trader	MT4, MT5, cTrader, TradingView, DupliTrade	MT4, MT5, cTrader, TradingView, BlackBull CopyTrader	MT4, MT5	MT4, MT5	Skilling Trader, cTrader, MT4	MT4, MT5, TradingView	MetaTrader 5, ActsTrade (desktop), KVB Futures App (mobile), KVB Webtrade	Deriv Trader, Deriv MT5, Deriv cTrader, Deriv X, Deriv Bot	OctaTrader, MT4, MT5	MT4, MT5	MT4, MT5	thinkorswim desktop, thinkorswim web, thinkorswim mobile	MT4, MT5	MT4, ZuluTrade, Web trading	MT4, MT5	Markets.com proprietary web platform, MT4, MT5, Mobile apps	NAGA web platform, NAGA iOS, NAGA Android, MetaTrader		MT4, MT5, LiteFinance web/mobile platform	MT4, MT5, ACY Trading Platform	MT4, MT5	MT4, cTrader	MT4, MT5	MT4, MT5	MT4, MT5, AppTrader, ProTrader	Libertex proprietary platform, MT4, MT5	MT4	MT5	MT4, MT5	MT4, cTrader	MT4, MT5	MT4, MT5, VT Markets web/mobile app		MT4, MT5, TradingView, Doo Prime InTrade	MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	Delta Trading (desktop/web), Delta Trading Mobile, MetaTrader 4, MetaTrader 5	IQ Option proprietary web platform, Mobile apps, Desktop app	MT4, MT5	MT4, MT5	Web platform, TradingView integration		MT4, MT5	MT4, MT5, WebTrader, App	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	cTrader	MT4, MT5	ADSS Platform, MT4, MT5	MT4, MT5	PROfit, MT4	MT4, cTrader, FIX API	MT4, MT5	UFX web platform, MT5 (historical)	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5, WebTrader		MT4, MT5	MT4, MT5		MT4, MT5, cTrader	MT4, MT5	MT5	MT4, MT5		MT4, MT5	MT4
Platform count	count	Live account	4	5	4	4	5	4	4	2	5	2	4	4	2	2	3	4	4	4	4	3	4	4	3	5	5	2	6	3	5	3	2	5	5	3	3	5	3	3	3	2	4	4	2	3	5	4	2	2	3	2	4	2	3	3	1	3	2	2	3	4	3	4	2	4	5	5	2	2	3	3	4	5	3	2	2	3	2	3	2	4	4	0	3	3	2	2	2	2	4	3	1	1	2	2	2	3	0	4	1	2	2	2	2	4	3	2	2	2	0	2	4	2	2	2	2	1	2	3	2	2	3	2	2	2	2	2	2	2	3	0	2	2	0	3	2	1	2	0	2	1	0
Account types	list	Live account	Standard, Core, Swap-free	IBKR Lite (US), IBKR Pro, Institutional	Classic, Platinum, VIP	Standard, Commission, STP Pro	CFD, Spread betting, Share dealing, Professional	Standard, Razor	CFD, Spread betting, Corporate, Professional	Invest, Stocks and Shares ISA, CFD, Cash ISA (UK)	CFD, Spread betting, Professional	Retail, Professional	Retail, Professional	Standard, Raw+, Elite	Standard, Professional	Banking account, Trading account, FX account	Standard, Edge, ATFX Connect (institutional)	Retail CFD, Spread betting (UK), Professional	Standard, Premium, Prime, Professional	Standard, Pro, Elite	Retail, Professional, Institutional	Spread betting, CFD, Sports spread betting	Standard, ThinkZero	Classic, Raw, TradingView Raw, Demo	Classic, Standard, Premier, Micro	Standard, Professional, Corporate, Money manager	Individual, Professional, Corporate, Demo	Retail, Professional	Standard, Raw, Demo	Demo	Standard STP, Raw ECN, Pro ECN, Cent, Swap Free	Standard, Raw	TradeStation Global (Interactive Brokers U.K. account), TradeStation Securities (US account)	Standard, Premium, VIP	GO Plus+, Standard	Standard, Raw Spread, Zero, Pro	Standard, Raw Spread	Standard, Active Trader, Professional		Cent, Premium, Pro, Pro Plus, Zero, Top-up Bonus	Standard, Cent, Micro, Pro, Elite, VIP, Classic, Extra, Plus, Copy Standard, Copy Pro, Demo	Standard, Ultra Low, Zero	Standard, Prime, ECN, Cent	Standard, Zero+	Prime, Zero, Demo	Classic, Edge, IRESS	Trade.MT5, Zero.MT5, Trade.MT4, Zero.MT4, Invest.MT5, Demo	Standard, Pro, Cent	Standard Cent, Standard, Pro, Raw Spread	Standard, ECN, Demo	Standard, Pro, Raw, Cent	Standard, Prime, Demo	Standard, Raw	Standard, Zero, Demo	Micro, Advantage, Advantage Plus	Standard, Cent, Pro, Crypto		Standard, VIP, Demo	Standard, Demo	Standard, ECN	Demo	Prime, Pro, ProCent, ECN, R StocksTrader	Standard Zero, Pro Zero, Raw	ECN, Demo	Insta.Standard, Insta.Eurica	Raw	Zero, Classic	ECN Standard, ECN Prime, Prime+, ECN Institutional			Standard, Premium, MT4	Standard, Direct, Demo	Prime, ECN, Cent, Pro	Demo, Standard	OctaTrader, MetaTrader 5, MetaTrader 4		Raw Spread, Cent, Standard, Demo		Standard (ECN), ECN XL, Zero, Corporate, Demo	AAAFx standard/stp accounts, ZuluTrade social accounts, Demo		Standard, Professional	VIP user levels (tiered)	STP, ECN	Classic, ECN		Standard, Mini, Crypto, Cent, Share CFDs (naming per archived account pages)	RAW, ZERO, Islamic	Cent, Mini, Standard, Pro, ECN, Demo	Standard, ECN, Cent, Demo	Direct STP, Prime ECN, Ultra ECN	Libertex CFD, Libertex Portfolio	Demo	4 account types (names not verified)	Standard, Premium, Demo	Demo	Live Fixed, Live Floating, STP/ECN	Standard STP, Raw ECN	Cent, Standard, Premium, Privilege	Cent, Standard STP, ECN	ZAR One, Demo		Standard, Raw, Premium, Demo	Starter, VIP, Demo	Standard, Demo		Demo, Real	General, Demo	Micro, Standard, ECN, Pro ECN, Demo			Standard, Fixed, ECN, Demo	Demo, Standard, ECN, Prime ECN		Micro, Cent, Premium, Pro, Raw Spread, SyntX	Classic Standard, Classic Pro, Cent Pro	Micro, Standard, ECN Prime, Swap Free, Demo	Demo	Starter, Premium, Ultimate, Demo	Standard, Institutional, Demo	Classic, Pro, VIP, Demo		Standard, Premiere, Pro	Standard, Demo	Micro, Mini, Standard, Zero (historical naming)	Demo	Exclusive, Standard, Standard Plus, Cent, Shares	Standard, ECN Zero, Pro-Leverage, VIP, Demo	ECN, No Commission, VIP, Islamic	Raw Zero, Pure Spread, Demo	Classic, Raw, Variable, Demo		Pro, Zero, Fix	Standard, Blade, Demo		Nano, Standard, Max, Demo	Classic, Market Pro, ECN, Demo	Level 1, Level 2, Level 3, Level 4, Level 5, Level 6, Level 7	Standard, Pro, Demo
Maximum leverage	ratio	Broker terms	1:50 (US) / 1:30 (UK retail)	1:30 (UK/EU retail); 1:50 (US majors)	1:30 (UK/EU retail)	1:50 (US) / 1:30 (UK retail)	1:30 (UK/EU retail)	1:30 (retail, EU/UK)	1:30 (UK/EU retail)	1:30 (UK/EU retail)	1:30 (UK retail)	1:30 (retail)	1:30 (retail) / up to 1:400 (offshore)	1:30 (retail) / up to 1:500 (offshore)	1:30 (UK/EU retail)	not verified	1:30 retail under FCA/ASIC/CySEC; higher under offshore entities	1:30 (UK/EU retail)	1:30 (UK/EU retail); up to 1:100 (Swiss entity)	1:30 retail under FCA/ASIC; higher under international entities	1:30 (UK/EU retail)	1:30 (UK retail)	1:30 retail under ASIC/FCA/CySEC; higher under offshore entities	1:30 for retail clients under FCA/CySEC; higher under the Seychelles entity	up to 1:2000 (Seychelles entity)	1:30 (EU retail); up to 1:200 (Swiss entity, professional)	1:30 (UK/EU retail)	1:30 (retail)	not verified	not verified	up to 1:500 (international entities); 1:30 retail under FCA/ASIC	1:30 retail under ASIC/FCA/CySEC; up to 1:500 under offshore entities	not verified	1:30 (EU/AU retail)	1:30 retail under ASIC/CySEC; higher under offshore entities	up to 1:2000 (offshore)	1:30 (retail) / 1:500 (offshore)	1:30 (UK/EU retail)	not verified	up to 1:2000 (offshore entities); 1:30 retail under FCA/CySEC	up to 1:2000	1:30 (retail) / up to 1:1000 (offshore)	up to 1:1000	1:50 (US majors, CFTC limit)	1:30 (CySEC retail)	1:30 (ASIC retail) / up to 1:1000 advertised on offshore entities	1:30 (UK/EU retail)	up to 1:2000	1:30 (CySEC retail) / up to 1:3000 advertised on offshore Standard accounts	1:30 (UK retail)	up to 1:3000 (offshore entities; Raw and Pro accounts)	not verified	1:30 (ASIC retail); higher leverage on the Vanuatu entity	not verified	up to 1:2000 (Mauritius entity); 1:30 retail under FCA/CySEC	up to 1:3000 (Belize entity); 1:30 retail under CySEC	not verified	not verified	1:30 (CySEC retail)	not verified	not verified	up to 1:2000 (Belize entity); 1:30 retail under CySEC	up to 1:2000 (Taurex Global Limited, Seychelles, per account table)	not verified	1:30 (CySEC retail); higher leverage advertised on non-EU InstaForex sites	not verified	1:30 retail under ASIC; up to 1:500 under offshore entities	up to 1:500	1:500 (offshore entity, per hmarkets.com)	not verified	1:30 (CySEC retail); up to 1:500 advertised on the Seychelles entity	not verified	Up to 1:100 (PT KVB Futures Indonesia site)	not verified	up to 1:1000 (offshore entity); 1:30 retail under CySEC	not verified	not verified	1:50 (US majors, CFTC limit)	not verified	not verified	not verified	1:30 (EU retail)	1:30 (CySEC retail); higher leverage on the Seychelles entity	up to 1:1000 (global site of INFINOX Limited, Mauritius)	not verified	1:30 (ASIC entity); up to 1:500 (international entity segment)	not verified	not verified	not verified	up to 2000:1	up to 1:1000 (offshore entity); 1:30 retail under FCA	1:30 (CySEC retail)	1:30 (UK retail)	not verified	1:30 (CySEC retail)	1:30 (EU retail)	1:30 (FCA/CySEC retail); higher leverage advertised on non-EU entities	1:30 (ASIC retail) / higher leverage advertised on offshore entities	up to 1:1000 (Seychelles entity)	up to 1:1000 (offshore entities)	not verified	not verified	not verified	not verified	1:30 (UK retail)	not verified	1:30 (EEA retail)	not verified	up to 1:3000 (ECN/Pro ECN accounts); Micro up to 1:500; Standard up to 1:1000	not verified	not verified	not verified	up to 1:1000	not verified	up to 1:1000 advertised on MT4 accounts	from 1:10 to 1:4000 (BVI entity); tiered by account equity down to 1:100	up to 1:3000	1:30 (CySEC retail)	not verified	not verified	1:3000 (dynamic, offshore entity)	not verified	not verified	not verified	not verified	not verified	up to 1:4000	1:30 (EU retail)	up to 1:500	up to 1:1000	1:30 (CySEC retail)	not verified	up to 1:1000 advertised	not verified	not verified	1:2000 (offshore entity)	not verified	up to 1:500	1:30 (CySEC retail)	not verified	not verified	1:30 (AU retail)	not verified
Platforms pillar score	0–10	Scored	8.8	8.8	9.5	9.0	9.2	8.9	9.0	8.5	9.0	7.8	8.5	9.2	8.0	7.5	8.5	8.0	8.8	8.0	9.0	8.0	9.2	8.0	8.5	8.5	8.5	8.5	9.0	8.8	8.8	9.0	8.5	8.8	9.0	8.0	9.0	8.5	8.5	8.2	8.5	8.5	8.0	8.5	8.5	8.5	0.0	8.5	7.5	8.5	8.4	9.0	9.0	9.0	8.2	8.0	8.5	7.8	8.8	8.5	7.5	8.5	9.5	8.5	8.5	8.2	8.8	9.2	8.5	8.5	8.8	9.0	8.2	8.8	7.5	8.5	8.2	9.0	8.5	8.0	9.0	8.8	8.5	3.0	8.0	8.5	8.2	8.5	8.7	0.0	8.0	8.0	6.5	7.0	8.5	8.5	8.0	8.5	8.0	0.0	6.5	7.5	7.5	7.5	8.0	8.5	7.5	0.0	0.0	7.5	0.0	0.0	0.0	0.0	8.0	0.0	0.0	6.5	0.0	0.0	0.0	7.0	8.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	6.5	0.5

Group 05

Scores

6 fields

Pillar scores are set from recorded evidence and combined with the fixed weights published on the trust-score page.

Field	Unit	Source	OANDA	Interactive Brokers	Saxo Bank	FOREX.com	IG Group	Pepperstone	CMC Markets	Trading 212	City Index	Plus500	AvaTrade	FxPro	XTB	Fineco Bank	ATFX	Capital.com	Swissquote	Axi	LMAX Global	Spreadex	ThinkMarkets	Tickmill	Equiti	Dukascopy	ActivTrades	eToro	FP Markets	Trade Nation	Vantage (Vantage Markets)	Eightcap	TradeStation Global	easyMarkets	GO Markets	Exness	IC Markets	FXCM	NinjaTrader	HFM (formerly HotForex)	XS.com	XM	PU Prime	tastyfx	Windsor Brokers	TMGM	Admirals (Admiral Markets)	Decode Global	JustMarkets	Valutrades	IUX (IUX Markets)	AUS Global	Global Prime	JFD Brokers	FXTM (ForexTime)	FBS	Century Financial	iFOREX	Scope Markets	Ultima Markets	Fortrade	RoboForex	Taurex	FXOpen	InstaForex	HYCM	Fusion Markets	BlackBull Markets	Hantec Markets	ATC Brokers	Skilling	Blueberry (formerly Blueberry Markets)	KVB Kunlun (KVB)	Deriv	Octa (formerly OctaFX)	OneRoyal	Eurotrader	Charles Schwab Futures and Forex	FXCC	AAAFx	Alchemy Markets (Malta)	Markets.com	NAGA	INFINOX	LiteFinance	ACY Securities	Global GT	TopFX	FXGT.com	Land Prime	Moneta Markets	Libertex	One Financial Markets	XGLOBAL Markets	Errante	Purple Trading	IronFX	VT Markets	T4Trade	D Prime (formerly Doo Prime)	Khwezi Trade	Zero Markets	M4Markets	TIOmarkets	CPT Markets	DeltaStock	IQ Option	AETOS Capital Group	Alpari	Xtrade	City Credit Capital	AMarkets	STARTRADER	FXDD	Weltrade	Markets4you (formerly Forex4you)	Grand Capital	Fondex	Orbex	ADSS	Traders Trust	FXGM	FXPIG	Key To Markets	UFX	Milton Markets	Exclusive Markets	Trive Financial	Sway Markets	ThreeTrader	FXPrimus	Trade.com	NordFX	TitanFX	GKFX / GKEurope	Axiory	FreshForex	Gulf Brokers	Squared Financial	CommexFX	Kwakol Markets	Rakuten Securities Australia	LegacyFX
Overall weighted score	0–10	Scored	8.6	9.0	8.6	8.8	8.7	9.0	8.7	8.2	8.7	8.4	8.3	8.9	8.1	7.1	7.8	8.0	7.9	7.9	8.6	8.1	8.2	8.0	7.7	7.9	7.9	7.7	7.7	7.7	7.7	7.6	8.0	7.6	8.0	8.2	8.3	7.1	7.0	7.6	7.7	7.9	7.7	8.6	7.1	7.8	0.0	7.7	7.7	7.6	8.1	7.9	7.6	7.8	7.5	8.0	6.8	7.1	7.6	7.6	6.4	7.8	7.8	7.1	7.7	7.6	7.5	7.9	7.0	7.7	7.5	7.6	7.6	7.2	7.2	7.5	7.4	7.1	6.7	7.0	7.4	7.6	7.7	4.8	6.1	6.9	7.4	6.3	7.5	0.0	6.3	6.9	4.3	5.1	6.1	6.0	6.7	6.5	7.4	0.0	4.7	4.1	6.1	5.6	5.3	6.2	5.9	0.0	0.0	5.7	0.0	0.0	0.0	0.0	6.3	0.0	0.0	4.4	0.0	0.0	0.0	4.7	6.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.7	0.6
Trust Score	0–100	Derived	98	94	95	93	93	87	89	86	83	82	82	78	76	88	78	75	82	72	71	71	73	70	75	72	67	76	74	72	71	68	70	70	65	64	63	71	71	65	64	65	65	59	70	66	63	61	58	64	56	61	61	60	59	56	65	64	61	60	69	56	56	60	58	58	53	50	60	55	55	54	53	53	48	52	52	58	56	54	50	48	46	54	54	50	44	44	43	49	45	44	57	50	49	48	42	43	34	64	52	47	43	46	42	40	34	59	58	37	56	54	54	54	28	53	53	36	52	51	51	37	26	50	49	47	39	45	43	43	42	42	41	41	41	40	39	39	39	39	39	28	8
Safety component	0–100	Derived	97	95	90	97	87	95	95	91	95	95	92	97	90	97	90	90	93	78	95	85	87	88	90	90	75	90	85	85	80	75	90	80	75	75	75	70	90	70	70	78	88	98	75	90	70	70	75	88	73	88	80	85	70	75	78	75	80	80	85	75	72	68	78	91	72	70	85	88	82	85	85	50	60	78	75	95	75	70	70	78	78	65	65	75	75	75	72	70	60	75	70	68	75	65	60	62	60	70	75	70	68	60	60	68	40	70	70	55	70	70	70	70	45	70	70	60	70	70	70	45	45	70	70	70	70	70	70	70	70	70	70	70	70	70	70	70	70	70	70	40	10
Longevity component	0–100	Derived	100	100	100	85	100	54	100	75	100	61	68	68	82	92	31	34	100	65	54	92	54	41	61	75	85	65	71	41	58	58	75	85	68	61	65	92	78	54	54	58	37	0	100	44	85	75	48	48	34	0	54	51	51	58	100	100	41	34	0	58	31	71	65	0	31	41	0	0	34	0	0	92	51	0	37	0	54	54	41	0	0	58	71	0	0	0	0	44	0	0	65	48	24	37	0	0	0	41	44	0	0	24	0	0	44	65	95	0	85	65	24	78	0	65	68	0	51	51	58	51	0	54	54	34	0	0	17	17	0	0	0	0	0	0	0	0	0	0	0	0	0
Withdrawals pillar score	0–10	Scored	8.2	8.5	8.5	8.3	8.5	8.7	9.0	7.9	8.0	8.3	8.0	8.3	7.5	6.0	6.8	7.0	7.8	8.0	7.5	7.0	7.8	7.0	7.0	7.0	7.0	7.0	7.0	7.0	7.3	6.5	7.0	7.0	8.0	9.2	8.0	7.0	7.0	7.8	7.5	8.0	7.0	8.5	7.0	7.5	0.0	7.8	7.2	6.8	8.0	7.5	7.0	7.0	7.4	8.3	6.0	6.8	7.0	7.2	5.5	8.0	7.8	7.0	8.2	6.8	7.0	7.8	6.0	7.0	7.3	7.0	7.2	7.8	7.0	7.2	7.0	6.0	6.5	7.0	7.2	7.5	7.0	4.5	6.0	6.5	7.2	4.0	7.3	0.0	6.0	7.0	3.0	4.0	4.0	5.0	7.0	5.5	8.0	0.0	3.0	5.0	6.5	6.5	4.5	5.5	6.5	0.0	0.0	5.0	0.0	0.0	0.0	0.0	7.0	0.0	0.0	3.0	0.0	0.0	0.0	5.0	6.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.5
Support pillar score	0–10	Scored	7.9	8.0	7.5	8.4	8.0	8.6	8.0	6.5	8.0	7.5	8.3	8.5	7.0	7.0	6.5	6.5	8.5	7.0	8.0	7.5	7.0	7.0	7.0	6.5	7.5	6.8	7.0	7.0	6.5	6.0	6.5	7.5	7.0	8.0	8.2	7.0	7.0	7.0	7.0	8.2	7.0	7.8	8.0	7.0	0.0	7.5	6.5	7.5	7.8	7.0	7.0	7.5	7.0	7.0	5.0	7.2	7.5	7.5	6.0	7.0	6.5	7.5	7.2	7.0	6.5	6.5	7.0	7.5	7.0	7.0	7.2	7.8	6.5	7.0	7.0	5.0	6.0	7.5	7.2	7.3	7.0	3.0	6.0	7.0	7.0	4.0	7.3	0.0	5.0	5.0	3.0	3.5	6.0	6.0	6.0	6.0	8.0	0.0	4.0	5.0	6.0	6.0	3.5	6.0	6.0	0.0	0.0	6.0	0.0	0.0	0.0	0.0	6.5	0.0	0.0	3.0	0.0	0.0	0.0	5.5	6.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.5

Schema

Where the scored variables sit

The 140 variables above the published fields.

Pillar	Variables	Weight	Collection method
Fees & Costs	26	30%	Spread samples taken through London and New York sessions on a funded account.
Trust & Safety	21	20%	Each licence checked against the regulator's own public register before publication.
Deposits & Withdrawals	18	15%	We withdraw the entire balance and time it from request to cleared funds.
Trading Platforms	24	15%	At least 40 live orders placed per broker across calm and news conditions.
Product Range	15	10%	Counted from the live instrument list inside the funded account, not the marketing page.
Research & Education	14	5%	Sampled over a full month of publication output.
Customer Support	12	3%	Five timed support tickets per broker, sent as an ordinary retail client.
Account Opening	10	2%	Timed from first form field to the account being fundable.

Not every one of these variables is published individually — many are intermediate observations such as individual spread samples or per-ticket support response times. They are held in the audit record, feed the pillar scores, and are available to any regulator or journalist who asks. The full protocol is on the methodology page, and the derived trust figure is broken down on the Trust Score page.