Broker Reviews 2026
In-depth reviews written and tested by our expert team. Each broker is evaluated on regulation, fees, platforms, and more.
Looking for a quick comparison? Browse the full broker directory
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Editor's picksIC Markets
IC Markets is an ASIC-regulated broker delivering tight raw spreads (from 0.0 pips, averaging 0.1 pips on EUR/USD), sub-40ms execution, and four platform choices. The trade-off? A USD $200 minimum deposit, leverage capped at 1:30 (AU), and minimal education. If you already know how to trade, IC Markets belongs on y
Fusion Markets
Fusion Markets has built its entire identity around one promise: cheaper trading. The numbers back it up. A $4.50 round-turn commission on the Zero account, spreads starting from 0.0 pips, and no minimum deposit make this broker genuinely hard to beat on cost. It holds an ASIC licence (tier-1), giving Australian trader
Pepperstone
Our in-depth Pepperstone review for 2026. We tested the platform, spreads, execution, and support.
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FXChoice
FXChoice is a high-risk broker. Its sole claimed FSC Belize licence could not be confirmed on the regulator's public register, earning a trust score of just 45/100 (Grade D). Multiple sources report the broker has effectively ceased accepting new clients. Anyone reading this FXChoice review should understand that most
Read ReviewTradeDirect365
TradeDirect365 scores below average overall. Its weakest areas are platforms and research, both critically underdeveloped. Fee transparency is poor: no numeric spread figures or swap rates appear anywhere on the site. The parent group, Trade Nation, holds licences from ASIC (AFSL 422661), the FCA (FRN 525164), and the
TMGM
TMGM is an Australian-headquartered forex and CFD broker regulated by ASIC (AFSL 436416). Australian clients benefit from segregated funds at National Australia Bank, Professional Indemnity insurance up to AUD 10 million per claim, and leverage capped at 1:30 (AU). Spreads start from 0.0 pips on the Edge account with e
XM
XM holds licences from CySEC (120/10), the FCA (FRN 705428), and ASIC (AFSL 443670). Zero Account spreads from 0.0 pips; $5 minimum deposit. Offshore entities offer weaker protection. EngineForex trust score: 70/100 (Grade B).
Blueberry
Blueberry Markets is an ASIC-regulated Australian broker offering Raw account spreads from 0.0 pips with a $7 round-turn commission. Its claimed FSC Mauritius licence could not be register-verified, and Australia lacks a statutory investor-compensation scheme for OTC derivatives. With roughly 11 years of operation, Blu
FXTM
FXTM (Exinity Limited) holds verified licences from the FSCA (FSP 50320) and CMA Kenya (licence 135). Its Advantage account delivers raw spreads from 0.0 pips with a $7 round-turn commission. Several other claimed licences, including FSC Mauritius and CMA UAE, could not be confirmed on public registers. The FCA-linked
ThinkMarkets
ThinkMarkets holds verified licences from the FCA (FRN 629628) and ASIC (AFSL 424700)%20PTY%20LTD), earning a Trust Score of 70/100 (Grade B). Standard-account spreads start from 0.4 pips with zero commission; the ThinkZero account charges $7 round-turn on raw spreads. Several offshore licences could not be confirmed o
AvaTrade
AvaTrade is a well-regulated broker headquartered in Dublin, Ireland. Irish and EEA traders onboard under AVA Trade EU Limited, regulated by the Central Bank of Ireland (C53877), with ICCL investor compensation, negative balance protection, and segregated client funds. The main caveat: spread data is not prominently pu
Tickmill
- FCA, CySEC, DFSA, and Seychelles FSA licences all verified on official registers.