Choosing the right broker is essential for successful forex trading, and comparing online brokers is the best way to find the perfect fit. We’ve dedicated over 250 hours to analyzing top brokers, carefully evaluating them based on multiple factors to select the six best options from hundreds available.
Our forex broker comparison highlights six standout brokers based on key criteria, including trading platforms, zero deposit and withdrawal fees, fast execution, top-tier customer support, and the lowest spreads. The top brokers in our review are XtremeMarkets, FP Markets, Eightcap, FxPro, IC Markets, FBS, and XM.
Regulations and Licenses
Brokerage
XtremeMarkets: Low Minimum Deposit with 1:500 Leverage
Founded in 2015, Xtreme Markets has emerged as a prominent global broker, providing an extensive array of trading options spanning across forex, shares, indices, commodities, and cryptocurrencies. Through its user-friendly platforms like MetaTrader4 and Meta Trader5, Xtreme Markets offers a comprehensive suite of tools tailored to meet the diverse needs of investors worldwide.
Strengths of XtremeMarkets
XtremeMarkets boasts several key strengths that make it a preferred choice among traders. With rock-bottom fees, lightning-fast execution, and an unparalleled range of instruments, Xtreme Markets caters adeptly to the demands of experienced traders. These strengths are complemented by advanced features such as automated trading and Direct Market Access, coupled with award-winning research materials from industry leaders like Trading Central and Autochartist.
Who Should Consider Xtreme Markets?
XtremeMarkets caters primarily to experienced traders who seek advanced tools and platforms to execute their strategies effectively. The diverse range of platforms, including MT4/MT5, cTrader, and others, coupled with features like VPS and PAMM, make Xtreme Markets an ideal choice for traders with sophisticated trading strategies. Moreover, the broker’s ability to accommodate scalpers and day traders with tight spreads and rapid trade execution further sets its appeal among experienced investors
Xtreme Markets Deposit and Withdrawals Options
Let’s assume you have successfully completed your forex education through a demo account and have now opened a live one. So, how should you deposit, and how much do you need to deposit?
Although the minimum deposit depends on the account type, Xtreme Markets offers all the renowned money transaction options except PayPal. Besides, deposit XtremeMarkets is faster and available 24/5 without any additional fees.
Like the deposit methods, withdrawal methods also come with a wide variety of options, such as wire transfer, union pay, visa, MasterCard, and other online digital payment options.
FP Markets: Low Minimum Deposit with 1:500 Leverage
Founded in 2005, FP Markets has emerged as a prominent global broker, providing an extensive array of trading options spanning across forex, shares, indices, commodities, and cryptocurrencies. Through its user-friendly platforms like MetaTrader4&5, cTrader, Iress, Mottai, and TradingView, FP Markets offers a comprehensive suite of tools tailored to meet the diverse needs of investors worldwide.
Strengths of FP Markets
FP Markets boasts several key strengths that make it a preferred choice among traders. With rock-bottom fees, lightning-fast execution, and an unparalleled range of instruments, FP Markets caters adeptly to the demands of experienced traders. These strengths are complemented by advanced features such as automated trading and Direct Market Access, coupled with award-winning research materials from industry leaders like Trading Central and Autochartist.
Highlights of FP Markets in 2025
In 2025, FP Markets continues to shine in the trading landscape with its multiple regulations across six global entities, ensuring adherence to strict standards. Setting itself apart with competitive spreads and cutting-edge trading platforms like MT4/MT5, cTrader, and TradingView, the broker is committed to providing premium third-party research tools. With an extensive array of over 10,000 financial instruments, FP Markets provides traders with ample opportunities to diversify their portfolios and uncover fresh prospects in the market.
Who Should Consider FP Markets?
FP Markets caters primarily to experienced traders who seek advanced tools and platforms to execute their strategies effectively. The diverse range of platforms, including MT4/MT5, cTrader, and others, coupled with features like VPS and MAM/PAMM, make FP Markets an ideal choice for traders with sophisticated trading strategies. Moreover, the broker’s ability to accommodate scalpers and day traders with tight spreads and rapid trade execution further sets its appeal among experienced investors.
Deposits & Withdrawals
FP Markets supports a wide range of deposit and withdrawal methods, ensuring convenience and flexibility for its clients. With fast and efficient processing times and no fees charged for deposits or withdrawals, FP Markets strives to provide a seamless and hassle-free trading experience for its clientele.
Account Types and Terms
FP Markets offers multiple account types to accommodate different trading preferences and styles. Whether it’s spread-based or commission-based accounts, traders can choose the option that aligns with their trading goals and objectives. The digital account opening process is simple, with demo accounts offered for practice, enabling traders to get acquainted with the platform before engaging in live trading.
FxPro: One of the Best Brokers for CFD Trading and Forex
Making forex brokers comparison in terms of clients’ number, FoPro would be in the top 5s with their 1,300,000 in over 173 countries all over the world. However, they don’t come to this place overnight; it took them 14 years to reach here since their inauguration in 2006.
Is FxPro Trustworthy?
We have found from multiple online broker comparison that, from the beginning, FxPro has been providing unambiguous service to the trader. Over the years, they have earned 4 industry regulations, which include FCA, CySEC, SCB, and FSCA.
FxPro has some unique features, and the algorithmic trading feature is one of them which works with cTrader. Through algo trading, you can easily make your moves as per your created trading strategy. Besides, the support with the VPS lets you trade 24/7 with effortless high-speed operation.
FxPro Tools, Education, and News
FxPro is the best forex broker for providing different trading tools, news, analysis, and education to make the trading comfortable for all.
From the FxPro Review, found that the education tools offer two levels in interactive cards, which provide the learning opportunity via video tutorials, webinars, events, fundamental analysis, technical analysis, etc.
Trading Platforms + Tools
Eventually, the forex broker compare, finds out that FxPro News & Analysis tool is really helpful for both new trader and expert trader. This powerful, informative support includes economic calendar, market holidays, earning calendar, and technical analysis from trading central.
Furthermore, the dedicated trading tools also give the competitive edge, such as trader’s dashboard, FxPro calculators, direct app, VPS, etc., tools are effective for successful trading.
IC Markets: Leading Forex CFD Provider and Best ECN Broker
While we did the complete forex broker compare, it came to our eyes that IC Markets is the best forex broker for its raw spread account. This makes them known as true ECN brokers.
IC Markets offer the initial spreads from 0.0 pips, no fees for deposits, withdrawals, and inactivity. Instead, they charge a $3.50 commission per lot.
IC Markets Online Platform
IC Markets totally operates online via a browser and mobile app. IC Markets review gave a list of the platforms they use for trading activity. However, they prioritize the IC Markets web trader, allowing trading from any browser via PC or Phone. Apart from this, they also provide apps for mobile for iPhones and Androids, including iPad and tablets.
All these opportunities are offered through the IC Markets MT4 platforms, while they also provide MT5. However, if you compare forex brokers, you will get that IC Markets offer traders too, and few more top online brokers offer this.
IC Markets Fees
Unlike other forex brokers, IC Markets is not loaded with fees. Instead, they are grabbing clients by offering the lowest possible fees for all. Let’s make the IC Markets online broker comparison in terms of fees.
Deposit Fees
IC Markets do not impose any fees for deposits. However, there are fees for international transfer, and it is not charged by the IC Markets. The deposit methods you may use are Cards, Neteller, PayPal, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, Internet Banking, and more.
The minimum deposit is $200 to start the trading.
Withdrawals Fees
IC Markets forex brokers comparison with deposit fees shows that there are no withdrawal fees either. Like international deposits, international withdrawals also charge fees.
Inactivity Fees
A lot of the brokers charge inactivity fees. On the other hand, there are no inactivity fees for the IC Markets.
Rollover Fees
It is common by all brokers, which incurs when a trader keeps the position open for the following trading day. However, the rollover costs are not fixed and change regularly.
FBS: Highest Leverage Forex Broker with Quick Withdrawal Feature
FBS is one of the trustworthy brokers as they have a regulatory license from CySEC. As a result, more than 2.3 million forex traders trusted and opened an account with them. It comes with several convenient forex trading tools along with multiple tradable assets.
Crypto, forex, metal, stocks, energies, and forex exotics are the tradable assets offered by FBS. The good thing is that you can trade these from a single account. So, you don’t need to take any hassle to open multiple accounts for different assets.
With a single account, you can trade 28 forex currency pairs, 9 exotic pairs, 11 indices, and more than 100 crypto CFDs. Additionally, you have the opportunity to trade silver, gold, natural gas, Brent crude oil, WTI crude oil, and more with a single FBS account.
When it comes to account type, FBS offers you six different options. The FBS account types include cent, micro, standard, zero spread, ECN, and Crypto. All these accounts have some similar features and some unique features. For instance, you can deposit as low as $1 while you will also get the benefits of low commission. For the leverage benefit, you can apply up to 1:3000 leverage based on the account and trading type. Lot sizes are also different depending on the account. The lot size starts from 0.01 and goes up to 500.
FBS Platforms
With an FBS account, you can access both MetaTrader 4 and MetaTrader 5 platforms. In addition to that, you may also download the FBS Trader app on your phone to use it on the go. You can download the app for your iOS or Android phones or tablets. You can access MT4 and MT5 right from the FBS Trader app. And you can access 24/7 customer service from the app too.
You can access all the offered assets through the FBS app with inclusive access to MT4 and MT5. Nevertheless, you will get high-speed trade execution service through the FBS app. When it comes to technical indicators, the FBS platform offers plenty of them for your convenience.
Deposit and Withdrawal
In this digital age, there is no need to physically visit a bank to deposit funds into your FBS account. With the FBS app, you can effortlessly add money from your bank account or credit card. Furthermore, you have the convenience of choosing from multiple banks for your transactions. Once the deposit is made, you gain access to trade over 170 different assets.
XM Broker Comparison: A Comprehensive Analysis
Established in 2009, XM has developed into a reputable brand in the CFD and forex trading scene. XM counts over 3.5 million customers from 196 countries now. Top- ranking financial agencies such the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and International Financial Services Commission (IFSC) in Belize oversee the company. XM offers a clear and safe trading space by means of these licenses.
Sort of Trading Accounts
XM provide several account options for traders regardless of the experience and investment.
- Micro account is perfect for new traders who just started trading in forex market.
- Like the Micro Account, but more appropriate for traders handling more volume, is the Standard Account.
- Tight spreads however a minimum deposit of $50 is required from Ultra-Low Account.
- Designed for expert traders with a $10,000 minimum deposit, shares accounts reflect.
Negative balance protection included in every account type guarantees you won’t lose more than you put in. For clients needing Sharia-compliant services, XM additionally provides an Islamic account and a demo account.
Trading platforms and features
XM makes advantage of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both systems have capabilities for charting and analysis, are easily navigable and adaptable. These sites are available via a web browser, desktop computers, and mobile devices as well. Among other special qualities are:
- Global traders with multilingual support.
- Fee reports and real-time pricing alarms.
- Access to XM’s market news and learning materials.
XM has one drawback in that it does not provide two-step authentication, which would improve account security.
Expenses and Fees
- XM shows openness about its costs. There are several expenses to consider even when the broker does not charge for withdrawals or deposits:
- Except for Islamic accounts, overnight fees apply should you have a position overnight.
- After 90 days of inactivity, a $10 fee is assessed.
XM stays a reasonable choice despite these fees, particularly for traders who benefit from its low spreads and commission-free accounts.
Tools & Resources for Learning
XM’s emphasis on research and teaching is among its strongest qualities. Traders may access:
- Webinars, courses of instruction, and seminars. Video guides.
- Trading tools including technical analysis summary and calculators.
- Market news and real-time updates.
Both new and seasoned traders will find great value in these materials since they enable well-informed selections.
Customer Service
Available 24/5, XM’s customer service crew can help you in 21 different languages. You may get at them by phone, live chat, or email. Most people claim quick responses and useful assistance.
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