| # | Broker | Score | Spreads | Min. dep. | Regulation | Platforms | |
|---|---|---|---|---|---|---|---|
| 1 | Exness | 9.2 | 0.0 pips | $1 | FCA, CySEC | MT4, MT5 | Review → |
| 2 | IC Markets | 9.0 | 0.0 pips | $200 | ASIC, CySEC | MT4, MT5, cTrader | Review → |
| 3 | XM | 8.9 | 0.6 pips | $5 | CySEC, ASIC | MT4, MT5 | Review → |
| 4 | HFM | 8.5 | 0.0 pips | $5 | FCA, CySEC, FSCA | MT4, MT5 | Review → |
| 5 | FBS | 8.3 | 0.5 pips | $1 | CySEC, IFSC | MT4, MT5 | Review → |
| 6 | OctaFX | 8.1 | 0.6 pips | $25 | CySEC, MISA | MT4, MT5, OctaTrader | Review → |
Which forex broker should you choose?
It depends on your profile:
- Lowest spreads: Exness and IC Markets — from 0.0 pips
- Most instruments: HFM — 3,500+ instruments and an Islamic account
- Lowest deposit: FBS and Exness — from $1
- Copy trading: OctaFX — the copy trading leader
- Scalping and bots: IC Markets — pure ECN with cTrader
Forex vs binary options?
They are different instruments. In forex you trade with leverage and your profit or loss depends on how far the price moves. In binary options you predict only the direction (up or down) over a fixed time, with a fixed payout. If you are interested in binary options, see our binary broker ranking, where IQ Option leads with 9.4/10.
AI automation
All these brokers support MetaTrader 5, which can run AI models (ONNX) directly. See our guides on automated trading with Python and ONNX Trading Bot.