Check any forex broker before you deposit
One broker brand is usually several companies. See which one would hold your money, who regulates it and how it scores, for the country you live in.
- Brokers profiled
- 30
- Licences on file
- 153
- Checked against the register by us
- 0
- Regulators tracked
- 33
Most trusted brokers for Global
| Broker | Dossier Score | Entity serving you | Min. deposit | Platforms | Actions |
|---|---|---|---|---|---|
| 1 CMC Markets Founded 1989 Listed | 91 | CMC Markets UK plc FCA #173730 Tier 1 | $0 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 2 Interactive Brokers Founded 1978 Listed | 91 | Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| 3 City Index Founded 1983 Listed | 89 | StoneX Financial Ltd FCA #446717 Tier 1 | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 4 Swissquote Founded 1996 Listed Bank | 89 | Swissquote Bank Ltd FINMA Tier 1 | $1,000 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 5 Saxo Founded 1992 Bank | 76 | Saxo Bank A/S Danish FSA #1149 Tier 2 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| 6 FOREX.com Founded 2001 Listed | 62 | GAIN Global Markets Inc. CIMA #25033 Tier 3 (offshore) | $100 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
| 7 Plus500 Founded 2008 Listed | 62 | Plus500SEY Ltd FSA Seychelles #SD039 Tier 3 (offshore) | $100 | Own platform | Review Visit siteAffiliate link |
| 8 IG Founded 1974 Listed | 60 | IG International Limited BMA Tier 3 (offshore) | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 9 eToro Founded 2007 Listed | 56 | eToro (Seychelles) Ltd FSA Seychelles #SD076 Tier 3 (offshore) | $50 | Own platform | Review Visit siteAffiliate link |
| 10 OANDA Founded 1996 | 54 | OANDA Global Markets Ltd BVI FSC Tier 3 (offshore) | $0 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
| 11 Pepperstone Founded 2010 | 54 | Pepperstone Markets Limited SCB #SIA-F217 Tier 3 (offshore) | $0 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 12 AvaTrade Founded 2006 | 50 | Ava Trade Markets Ltd BVI FSC #SIBA/L/13/1049 Tier 3 (offshore) | $100 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 13 XTB Founded 2002 Listed | 50 | XTB International Limited FSC Belize Tier 3 (offshore) | $0 | Own platform | Review Visit siteAffiliate link |
| 14 Admirals Founded 2001 | 48 | Admirals SC Ltd FSA Seychelles #SD073 Tier 3 (offshore) | $100 | MT4MT5 | Review Visit siteAffiliate link |
| 15 ThinkMarkets Founded 2010 | 48 | TF Global Markets Int Limited FSA Seychelles #SD060 Tier 3 (offshore) | $0 | MT4MT5TradingViewOwn platform | Review Visit siteAffiliate link |
| 16 Eightcap Founded 2009 | 46 | Eightcap Global Ltd SCB #SIA-F220 Tier 3 (offshore) | $100 | MT4MT5TradingView | Review Visit siteAffiliate link |
| 17 Vantage Founded 2009 | 46 | Vantage Global Limited VFSC #700271 Tier 3 (offshore) | $50 | MT4MT5TradingViewOwn platform | Review Visit siteAffiliate link |
| 18 Capital.com Founded 2016 | 44 | Capital Com Online Investments Ltd SCB #SIA-F245 Tier 3 (offshore) | $20 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 19 Exness Founded 2008 | 42 | Exness (SC) Ltd FSA Seychelles #SD025 Tier 3 (offshore) | $10 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 20 HFM Founded 2010 | 42 | HF Markets (Seychelles) Ltd FSA Seychelles #SD015 Tier 3 (offshore) | $0 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 21 FxPro Founded 2006 | 40 | FxPro Global Markets Ltd SCB #SIA-F184 Tier 3 (offshore) | $100 | MT4MT5cTraderOwn platform | Review Visit siteAffiliate link |
| 22 XM Founded 2009 | 40 | XM Global Limited FSC Belize Tier 3 (offshore) | $5 | MT4MT5 | Review Visit siteAffiliate link |
| 23 FBS Founded 2009 | 38 | FBS Markets Inc. FSC Belize Tier 3 (offshore) | $5 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 24 FXTM Founded 2011 | 38 | Exinity Limited FSC Mauritius #C113012295 Tier 3 (offshore) | $200 | MT4MT5 | Review Visit siteAffiliate link |
| 25 IC Markets Founded 2007 | 38 | Raw Trading Ltd FSA Seychelles #SD018 Tier 3 (offshore) | $200 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 26 Tickmill Founded 2014 | 38 | Tickmill Ltd FSA Seychelles #SD008 Tier 3 (offshore) | $100 | MT4MT5TradingView | Review Visit siteAffiliate link |
| 27 Axi Founded 2007 | 36 | AxiTrader Limited SVG FSA #25417 BC 2019 Registration only | $0 | MT4MT5 | Review Visit siteAffiliate link |
| 28 FP Markets Founded 2005 | 30 | FP Markets LLC SVG FSA Registration only | $100 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 29 BlackBull Markets Founded 2014 | 28 | BBG Limited FSA Seychelles #SD045 Tier 3 (offshore) | $0 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 30 Octa Founded 2011 | 16 | Octa Markets Ltd Unregulated | $25 | MT4MT5Own platform | Review Visit siteAffiliate link |
Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.
How the Dossier Score is built
Every broker is broken down into its legal entities and licences. A published formula turns that into a score out of 100 for your country. Nobody can edit a score by hand, and commissions are not an input.
- Entity that serves youRegulator tier of the company that would hold your account45
- Group licencesOther tier 1 and tier 2 licences held in the same group26
- Company structurePublicly listed, or a licensed bank12
- Track recordYears in business12
- PenaltiesRegulatory penalties on record in the last five years−15
33 regulators, grouped by how much they protect you
- Tier 1Leverage caps, client-money rules and active enforcement
- ASIC BaFin CFTC/NFA CIRO FCA FINMA JFSA MAS SFC
- Tier 2Real licensing and supervision; protections vary
- ADGM FSRA CBI CMA CSSF CySEC Danish FSA DFSA EFSA FMA FSCA KNF MFSA SCA
- Tier 3 (offshore)Offshore licence with light requirements
- BMA BVI FSC CBCS CIMA FSA Seychelles FSC Belize FSC Mauritius Labuan FSA SCB VFSC
- Registration onlyCompany registration only; forex is not supervised
- SVG FSA
Rankings by what you need
- Most Trusted Forex Brokers by RegulationForex brokers ordered by Dossier Score: regulator tier of the entity that serves you, group licences, company structure and track record.
- MetaTrader 4 Brokers, Ranked by Dossier ScoreRegulated forex brokers that offer MetaTrader 4, ordered by how well the entity serving your country is regulated.
- MetaTrader 5 Brokers, Ranked by Dossier ScoreRegulated forex brokers that offer MetaTrader 5, ordered by how well the entity serving your country is regulated.
- cTrader Brokers, Ranked by Dossier ScoreRegulated forex brokers that offer cTrader, ordered by how well the entity serving your country is regulated.
- TradingView Brokers, Ranked by Dossier ScoreRegulated forex brokers that offer TradingView, ordered by how well the entity serving your country is regulated.
- ECN Forex Brokers, Ranked by Dossier ScoreBrokers that describe their execution as ECN and offer raw-spread, commission-based accounts.
- Forex Brokers with a Low Minimum DepositRegulated brokers that advertise a first deposit of $50 or less, ordered by the amount required.
- Forex Brokers with Islamic (Swap-Free) AccountsRegulated brokers that offer swap-free accounts, ordered by Dossier Score.
- Copy Trading Forex Brokers, Ranked by Dossier ScoreRegulated brokers that offer copy or social trading, ordered by Dossier Score.
- Publicly Listed Forex BrokersBrokers whose own company or parent is listed on a stock exchange and publishes audited accounts.
Compare two brokers
Entities, regulators, leverage and minimum deposit side by side, for your country.
Questions readers ask first
Is forex trading legal in my country?
It depends on where you live. Some countries license retail forex brokers locally, some restrict it to a few domestic firms, and some do not permit residents to trade with overseas brokers at all. Pick your country at the top of the page: we show which entity would serve you and flag local restrictions we know about. If in doubt, ask your national financial regulator.
Why does the same broker get a different Dossier Score in different countries?
Because you are not dealing with a brand, you are dealing with a company. A client in the UK is usually onboarded by an FCA-authorised entity, while a client elsewhere may be placed with an offshore entity of the same brand. The score follows the entity that would actually hold your money.
How do you make money?
Some brokers pay us a commission when a reader opens an account through a link on this site. Those links are labelled. Commissions never enter the scoring formula, and brokers that pay nothing are scored in exactly the same way.
What does "Not yet verified by us" mean?
It means the licence detail comes from public sources and our team has not yet confirmed it line by line on the regulator's register. Verified rows carry the date of our check. Either way, look the firm up on the official register yourself before sending money.