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
Featured Brokers
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. Fusion Markets Pty Ltd is an authorised representative (AR 001275590) of FMGP Trading Group Pty Ltd, which holds AFSL 385620 (status: Current); the Seychelles and Vanuatu entities serving international clients sit in a lower regulatory tier.
Pepperstone
Our in-depth Pepperstone review for 2026. We tested the platform, spreads, execution, and support.
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iFOREX
Pros: Zero commissions across all asset classes | CySEC regulation with up to €20,000 investor compensation | Low $10 minimum deposit via Visa/Mastercard
Valutrades
Valutrades is an FCA-authorised ECN broker (FRN 586541) operating since 2012, with a Trustpilot rating of 4.5/5 from 490 reviews. Raw spread pricing, MT4/MT5 support, and tier-1 regulation tick the right boxes. It is not accepting new clients at present.
FxPro
FxPro holds licences from the FCA (FRN 509956) and CySEC (078/07) plus two offshore authorisations. The six-platform roster is strong. Where this FxPro review finds fault is cost transparency: the UK calculator pre-fills a 2.72-pip EUR/USD spread on MT5, and education is absent.
FXChoice
FXChoice is a high-risk broker. Its sole claimed FSC Belize licence could not be confirmed on the regulator's public register, earning it a trust score of just 27/100 (Grade F). The USD 10 minimum deposit and Pro account spreads from 0 pips look attractive, but no verifiable regulation, no investor compensation scheme,
TradeDirect365
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
ThinkMarkets
ThinkMarkets holds verified licences from the FCA (FRN 629628) and ASIC (AFSL 424700), 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. Not every claimed licence could be fully 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.