Best Forex Brokers for November 2025

For this reason, if you are after currency pairs that don’t fluctuate too much then trade using major pairs like EUR/USD. Oanda is the most trusted broker, with a perfect trust score of 100 based on the broker’s excellent reputation, longevity in the industry, and multiple, Tier-1, Tier-2 and Tier-3 regulators. To find out who was the fastest forex broker, we tested 15 top brokers’ Execution Speeds with VPS Speeds. All of the brokers we recommend are regulated using our methodology and we have tailored our lists for wherever you are based around the world. The minimum deposit refers to the amount of money that’s required to open an account with a given broker. A minimum deposit can vary between $0 or $1000 (or more), depending on the broker.

The broker gives you the freedom to trade over short holding periods utilising technical analysis methods on both MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView.
It supports industry-leading software, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), across desktop, web, and mobile devices.
During our live test, I discovered more than 50 charting tools and more than 80 technical analysis indicators, with all the most common indicators ready to use.
Saxo stands out for its wide range of investable assets, including access to stocks, bonds, mutual funds, forex, cryptocurrencies, commodities, and options.
It ensures market integrity, protects participants, and sets rules and regulations for CFTC-regulated Brokers.

Market Orders

Established in 2010 and headquartered in Melbourne, Australia, Pepperstone is a highly regulated broker that stands out for its ultra-low latency execution, appealing to scalpers and high-frequency traders. Interactive Brokers is the best broker for professional traders, offering a range of sophisticated proprietary platforms, all featuring advanced trading tools to suit experienced traders. FP Markets offers competitive average spreads of 0.10 pips pips for its RAW account which is well befowthe industry average of 0.22 pips. You can trade using micro lots, mini lots and of course standard lot and there are also no inactivity fees, adding to FP Markets’ low-cost appeal.

With stringent licenses in over a dozen countries, IG is a highly regulated online broker. As the largest CFD provider in the world by revenue, IG offers over 10,000 contracts for difference (CFDs). Accompanying this industry-leading CFD offering is an impressive range of tradable assets. The choice of markets a broker offers is always a personal choice, and most brokers offer a well-rounded range of products to trade. The most common markets brokers will offer include the major forex pairs, the biggest share markets, indices, commodities, and cryptocurrencies. IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools.

tastyworks: Best for U.S. Traders

To legally offer financial services to clients, all brokers must be regulated by that country or jurisdiction’s regulator. As part of the StoneX Group, FOREX.com offers one of the top RAW spread accounts we’ve seen, with ultra-competitive spreads available to U.S. and Canadian clients. Fast execution speeds will help lower your latency, obtain more accurate fills at the point of execution and thus lower your slippage while trading.

If you are not ready to invest real money, many brokers offer free demo accounts. These demo accounts usually only require a name and an email address and provide a risk-free environment to practise trading and get familiar with the broker’s platform. They are an excellent way for beginners to gain experience and confidence before committing significant capital. Funding and withdrawal processes with XM are straightforward and user-friendly, offering multiple methods such as bank transfers, credit/debit cards, and e-wallets. The broker charges no fees on deposits or withdrawals, and transactions are processed quickly, ensuring that traders have prompt access to their funds within 48 hours. Nonetheless, some users might find the geographic restrictions on certain services and features to be a limitation.

How to Choose a Forex Broker?

These tools help traders execute trades effectively and manage their investments wisely. Saxo and Pepperstone also scored highly during our review process, with Saxo standing out for its extensive range of offerings, and Pepperstone topping the list for advanced trading features. IG’s tastyfx is the best choice for often underrepresented U.S. forex traders, while FOREX.com’s mobile platform takes the spotlight for trading and managing accounts on the go.

To add to IC Markets’ appeal as a low-cost forex trader best broker, it averaged 0.32 pips for the USD-backed majors on its RAW account against the broker average of 0.42 pips. These results put it third on our list for RAW/ECN-style accounts, just behind Fusion Markets (0.22 pips) and City Index (0.25 pips). The table below shows how Pepperstone’s spreads compare favourably to those of other brokers. We collect these average spreads from the broker’s website and update them once a month.

I especially liked the ease with which you can flip between demo and live trading.
Beyond this, you’ve got more than 60,000 markets, including crypto and stocks.
Contracts for Differences (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage.
With access to high leverage, multiple trading platforms, and a range of high-quality research tools, Exness is the best overall forex broker to consider this year.

Safety of Funds and Money Guarantees

Our top list features the best brokers for Forex trading known for their high level of service, operational stability, and positive reviews from traders worldwide. This list will be helpful for both experienced traders and newcomers beginning their journey in the world of financial markets. A reputable Forex broker should offer a robust trading platform equipped with advanced features, competitive spreads, and reliable customer service to ensure a seamless trading experience. I’ve used various copy trading platforms during my time testing brokers, and nothing compares to eToro’s CopyTrader platform in my opinion. The platform lets you easily manage your copy trades through its portfolio manager.

Next, evaluate execution quality and slippage, as poor performance in these areas can make trading frustrating. It is equally important to compare trading costs, such as spreads and commissions, while also reviewing withdrawal processes, platform reliability, and customer support. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees. Additionally, they must meet certain minimum capital requirements to operate in regulated markets. The highest-ranking forex brokers at BestBrokers.com typically carry the stamp of approval of one or more of the following financial regulators. One of the first things you should look at when picking a forex trading site is who regulates it.

This account uses ECN or STP processing to connect you directly to liquidity markets for the lowest spreads. As the broker won’t make anything from the spread, they’ll charge you a commission. I rated Trading.com as the best broker for accessing MetaTrader 5 – the broker complements MT5 with solid trading tools like its sentiment indicator and trading signals.

Non-trading fees

A broker offering good customer support can make your overall trading experience smooth and enjoyable. Choosing the best forex broker is a personal decision, and involves comparing many factors, from trading platforms to spreads. Your trading needs will vary from another forex trader, so picking the best forex broker involves a deep understanding of your trading preferences and what you find important in a broker. Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options.

IG: Best Overall

MetaTrader 5 has the same interface as MT4, which makes it easy for MT4 users to adopt. But it also has additional features, like more technical indicators and a native economic calendar. You are the client of your chosen broker, and so that broker is obligated to support you.

Pepperstone provides first-class order execution with a 99.5% fill rate and no dealing desk intervention. VPS hosting provides low latency trading and protects against power outages, system downtime, and connectivity failures. In the forex markets, currencies trade against each other as exchange rate pairs.