Best Forex Brokers For February 2025

We captured the average spreads brokers publish on their website and then found the overall average by combining the five major pairs (EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD) to get an overall average. Our spreads module below captures the average spreads from RAW spread accounts broker publish on their website. The easiest way to verify if the FCA authorises a forex broker is to look at the bottom of the broker’s website, which shows you the broker’s FCA license number. https://futurism.com/the-byte/donald-trump-world-liberty If a broker does not have one, they are not regulated by the FCA, as this is a requirement for all CFD brokers to display their license on all promotional material (including websites). Below, We have compiled our testing into a table for you to review how the best forex brokers in the UK compare with each other. Some brokers make EUR/USD cheap but have expensive spreads for other major pairs, which can distort the overall pricing.

IC Markets

Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. Michael is a full-time senior editor of investing and trading products for Investopedia. He has 20+ years of mutual fund, macro market research, institutional trading desk, and trading education experience. Michael holds a bachelor’s degree from West Virginia University and is a chartered member and subject matter expert (SME) for the industry-leading Chartered Market Technicians (CMT) Association. Oanda is the most trusted broker, with a perfect trust score of 100 based on the broker’s excellent reputation, longevity in the industry, and https://www.oswego.edu/cts/basics-about-cryptocurrency multiple, Tier-1, Tier-2 and Tier-3 regulators.

What is a forex demo account?

Professional traders benefit from the TradingView platform for advanced analysis. Social trading and diverse securities for portfolio diversification are also supported. In addition to its cost benefits, XTB provides a comprehensive trading platform that caters to both beginners and experienced traders. The xStation 5 platform is user-friendly, packed with advanced charting tools, and supports a wide range of technical indicators. This combination of ease of use and powerful tools makes it an excellent choice for traders who want to take their trading to the next level without incurring high costs.

How Do I Start Trading Forex?

Interactive Brokers is a favorite among professional traders due to its low fees and access to over 150 global https://www.tradingview.com/markets/currencies/ markets. While the platform can be complex for beginners, it is an excellent choice for experienced traders looking for diverse investment options. XTB’s xStation platform is known for its user-friendly design and powerful trading features. It has built a strong reputation for competitive spreads and educational resources.

• From our spreads analysis, Eightcap offers some of the lowest published spreads for both of its retail investor accounts.
• Based on our testing, the broker had average Standard account (no-commission) spreads of 1.03 pips compared to the industry average of 1.48 pips.
• Out of all the brokers we’ve tested, Plus500 has the best trading app offering a full charting experience on your mobile with 119 indicators, 21 drawing tools, and 13 chart types.
• Regulated forex brokers will list who they’re regulated by, their license number, and the company name on the bottom of their homepage in the disclaimer section or footer.

Choice Of Markets

We like that the account does not expire as long you don’t leave the account dormant for 30 days. This feature https://immediate-edge-app.com/ gives you a quick overview of how much risk the copy trader takes on, which you might find useful to avoid high-risk traders. A key feature that makes it easy for “non-traders” is the built-in risk-management tool that cuts your investments with a trader if you’ve lost a percentage of your capital with them.

RAW Accounts

While doing so, our experts strive to identify the most pronounced strengths and weaknesses. Forex trading, short for foreign exchange trading, is the global marketplace where currencies are bought and sold. It’s the world’s largest and most liquid financial market, with participants ranging from individual retail traders to central banks and multinational corporations.

Top 10 Forex Brokers In 2025

However, Forex trading is not a guaranteed way to make money, and success should never be taken for granted. These links are provided for your convenience only and we do not endorse or assume any responsibility for the content, products or services provided by these third-party websites. By accessing and using this website, you acknowledge that you have read and understand this disclaimer and agree to be bound by its terms.