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Best Forex Brokers for 2025

We've analyzed spreads, regulation, execution speed, and trader feedback to bring you the most reliable brokers for position sizing and risk management.

Broker Rating Min Deposit Spreads Leverage
1
IC Markets
Best for Scalping
4.9
$200 From 0.0 pips 1:500 Visit Site
2
Pepperstone
Best Platform Choice
4.8
$200 From 0.0 pips 1:500 Visit Site
3
OANDA
Best for Beginners
4.7
$0 From 1.0 pips 1:50 Visit Site
4
XM
Lowest Min Deposit
4.6
$5 From 0.6 pips 1:888 Visit Site
5
FOREX.com
Best for US Traders
4.5
$100 From 0.8 pips 1:50 Visit Site
#1

IC Markets

4.9/5 Best for Scalping
Open Account →

Award-winning broker with institutional-grade liquidity and ultra-low spreads.

Min Deposit
$200
Spreads
From 0.0 pips
Max Leverage
1:500
Commission
$7/lot RT

Platforms

MT4 MT5 cTrader

Regulation

ASIC CySEC FSA

Key Features

Raw Spreads Fast Execution No Requotes
#2

Pepperstone

4.8/5 Best Platform Choice
Open Account →

Global broker trusted by 400,000+ traders with award-winning platforms.

Min Deposit
$200
Spreads
From 0.0 pips
Max Leverage
1:500
Commission
$7/lot RT

Platforms

MT4 MT5 cTrader TradingView

Regulation

FCA ASIC CySEC DFSA

Key Features

TradingView Integration Smart Trader Tools VPS Hosting
#3

OANDA

4.7/5 Best for Beginners
Open Account →

Established since 1996, trusted by institutions and retail traders worldwide.

Min Deposit
$0
Spreads
From 1.0 pips
Max Leverage
1:50
Commission
Spread only

Platforms

MT4 OANDA Platform TradingView

Regulation

FCA CFTC ASIC IIROC

Key Features

No Minimum Deposit API Access Advanced Charting
#4

XM

4.6/5 Lowest Min Deposit
Open Account →

Over 5 million clients with exceptional customer service and low barriers.

Min Deposit
$5
Spreads
From 0.6 pips
Max Leverage
1:888
Commission
Spread only

Platforms

MT4 MT5

Regulation

CySEC ASIC DFSA

Key Features

$5 Min Deposit Negative Balance Protection Free Education
#5

FOREX.com

4.5/5 Best for US Traders
Open Account →

One of the largest retail forex brokers, operating in multiple jurisdictions.

Min Deposit
$100
Spreads
From 0.8 pips
Max Leverage
1:50
Commission
Spread only

Platforms

MT4 MT5 Web Trader

Regulation

FCA CFTC ASIC CIMA

Key Features

US Clients Welcome Performance Analytics SMART Signals

Affiliate Disclosure & Risk Warning

Some links on this page are affiliate links. We may earn a commission at no additional cost to you if you open an account. We only recommend brokers we believe offer genuine value. Trading forex and CFDs involves significant risk of loss. Never trade with money you cannot afford to lose. Past performance does not guarantee future results.