Quick Answer
BrokerSafari compares forex providers through review records covering legal entities, regulation, safety disclosures, fees, platform information and funding terms. The list below is a research comparison, not a universal ranking: an entity that serves one country may not serve another, and a score does not establish that a broker is suitable for you. Check the named entity, current permissions and account terms for your own jurisdiction before opening an account.
How We Selected These Forex Brokers
- Selection criteria
This comparison draws from the broker records already published by BrokerSafari. Inclusion means a provider has a relevant review and enough topic context to compare; it is not an endorsement. We consider the identity of the account-serving company, regulator evidence and permissions, safety disclosures, published fee information, funding terms, platform availability and the quality and coverage of evidence.
The cards use each review’s calculated Evidence Score, confidence and coverage. Those measures describe the completeness and quality of recorded research; they are not a prediction of returns, a safety guarantee or a suitability assessment. We do not order this list by score because a single number cannot resolve jurisdiction, product or customer-specific differences.
Forex Broker Comparison
Use the official-source note on each card to open the provider or regulator record most relevant to the stated point. The BrokerSafari review link contains the full evidence trail, including limitations. Dates on this page mark the current research pass; they do not mean that a regulator or broker continuously confirms the information.
A brand may use several legal entities. The company shown in an advertisement may not be the company named in the account agreement. If those differ, compare the account entity’s regulator record, service permissions and domain before relying on a group-wide statement.
What Makes a Forex Broker Worth Comparing?
A useful comparison starts with the exact service. Spot foreign exchange, rolling spot contracts, CFDs, spread bets and exchange-traded currency products have different legal structures and risks. Check whether the provider is the principal or intermediary, what product the account offers, and which entity is responsible for execution and custody.
Next, compare the total cost for the same pair, account type, position size and holding period. A spread is only one part of the calculation. Commission, overnight financing, currency conversion and payment charges may change the result. A low advertised minimum is not a typical spread or a complete cost quote.
Regulation and Legal Entities
Search the regulator’s own register using the full company name and licence reference. Confirm status, permitted activities, client type and any listed trading names or domains. A licence held by a related company does not automatically cover a different subsidiary. BrokerSafari’s methodology explains how primary-source evidence is classified.
If the register does not match the contracting entity, treat the mismatch as unresolved and contact the regulator using its official contact details. Do not infer authorization from a company number, app-store presence, industry membership or another group company’s licence.
Forex Trading Costs, Platforms and Withdrawals
Compare spreads and commissions using current account schedules, then add financing if you may hold leveraged positions overnight. Check whether rates are variable, whether a displayed “from” figure is a minimum, and whether the provider publishes typical values for the exact market and region.
Platform information should identify the exact app or software, supported devices and the entity that supplies the account connection. For deposits and withdrawals, look for supported methods, fees, processing conditions, identity checks and the account name receiving funds. BrokerSafari has not independently completed a live deposit or withdrawal test for every provider.
How BrokerSafari Scores Forex Brokers
The Evidence Score is calculated from structured research under the published BrokerSafari methodology. Unknown inputs remain unknown rather than being treated as poor or good quality. Evidence coverage shows how much of the framework could be assessed, while confidence reflects coverage and source quality. A regulator warning or other verified concern is handled separately and may affect a score cap.
Read the score alongside the source notes, coverage and confidence. A high score does not mean a broker is risk-free. A low or limited score may reflect missing public evidence rather than a proven adverse finding. The score is a research summary, not a recommendation.
Broker comparison
BrokerSafari scores describe recorded evidence, coverage and confidence. They are not investment ratings, suitability findings or guarantees.
- Evidence confidence:
- medium
- Evidence coverage:
- 71%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review covers entity-specific regulation, platform disclosures, pricing and unresolved account-scope questions.
- Scope:
- Global brand; account entity and products vary by country.
OANDA is a global trading group with separate companies and permissions across multiple markets. The FCA register identifies OANDA Europe Limited (FRN 542574); OANDA’s own public disclosures list additional US, Singapore, Australian, Polish and other entities. Products, fees, payment methods and protections depend on the applicable company. BrokerSafari reviewed public documents only and did not test an account, live pricing or withdrawals.
- Evidence confidence:
- medium
- Evidence coverage:
- 78.5%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review separates provider disclosures from independently checked records and notes region-specific services.
- Scope:
- Multiple regulated entities; verify the entity in the account agreement.
IG is a global trading group whose products are provided by different legal companies. The FCA register identifies IG Markets Limited (FRN 195355); IG’s UK legal page also distinguishes CFD, spread-betting and investment services by company. Markets, fees and protection depend on the product and jurisdiction. BrokerSafari reviewed public documents only and did not test execution, customer support or withdrawals.
- Evidence confidence:
- medium
- Evidence coverage:
- 78.5%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review records company and regulation evidence alongside region-dependent pricing and platforms.
- Scope:
- Services and leverage differ by Pepperstone entity and customer classification.
Pepperstone offers leveraged CFD and spread-betting services through region-specific companies, platforms and account terms. BrokerSafari located the FCA record for Pepperstone Limited (FRN 684312); that record does not establish which entity would serve every reader. Official pricing pages describe spread, commission and overnight-funding costs, while live execution and withdrawals were not tested.
- Evidence confidence:
- medium
- Evidence coverage:
- 78.5%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review distinguishes regional legal entities and provider-published platform and cost claims.
- Scope:
- MT5 and account terms are region-specific; the global site is not an authorization record.
IC Markets operates through jurisdiction-specific entities and offers leveraged CFD trading on several platforms. CySEC’s register identifies IC Markets (EU) Ltd (licence 362/18); the brand’s global pages name other companies, which should not be treated as covered by the EU licence. Published account pages explain variable spreads, commissions and funding terms. BrokerSafari did not test live pricing, execution or withdrawals.
- Evidence confidence:
- medium
- Evidence coverage:
- 56.3%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- US NFA record identifies GAIN Capital Group LLC doing business as FOREX.com; other group entities need separate checks.
- Scope:
- US record only; not evidence that the same company serves customers elsewhere.
FOREX.com is a trading brand. This review independently matches the US legal entity GAIN Capital Group LLC, doing business as FOREX.com, with NFA BASIC ID 0339826 and the registration categories shown in the public record. It also reviews the provider’s US MT5 disclosures. Other group entities, country eligibility, and account-specific terms require separate checks.
- Evidence confidence:
- medium
- Evidence coverage:
- 81%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review records entity and regulatory evidence gaps separately from platform disclosures.
- Scope:
- AvaTrade group permissions do not automatically apply to every customer.
AvaTrade is a multi-entity CFD and trading brand with regional platforms, instruments and fee schedules. The Central Bank of Ireland register identifies AVA Trade EU Limited (reference C53877). AvaTrade also discloses other companies, including an Australian entity; those records must be checked separately. Official pages describe spreads, overnight and inactivity costs, platform choices and payment options. BrokerSafari did not test trading or withdrawals.
- Evidence confidence:
- low
- Evidence coverage:
- 76%
- Regulatory status:
- Provider-disclosed only
- Relevant evidence:
- BrokerSafari review covers provider disclosures, named entities and remaining verification limits.
- Scope:
- Regional products and legal terms vary; confirm the contracting company.
FP Markets offers leveraged CFDs through regional legal entities and platforms including MT4, MT5, cTrader and TradingView. Its official pages disclose Australian, Cypriot, Seychelles, South African and Mauritius companies and licence references. BrokerSafari could not independently retrieve a current ASIC record for First Prudential Markets Pty Ltd during this review, so the cited AFSL is provider-disclosed here. Fees and payment terms vary by entity; live trading and withdrawals were not tested.
- Evidence confidence:
- medium
- Evidence coverage:
- 81%
- Regulatory status:
- Verified regulator record located
- Relevant evidence:
- BrokerSafari review separates the brand’s regional services and identifies information that needs account-level confirmation.
- Scope:
- Product and entity availability differs across markets.
CMC Markets provides leveraged CFD and spread-betting services as well as separate investment products through distinct legal companies. The FCA register identifies CMC Markets UK plc (FRN 173730); CMC’s legal pages also name other UK firms for investment and spread-betting services. Costs may include spreads, share commissions, overnight funding and market-data charges. We did not test prices, platform performance or withdrawals.
Related research
Frequently asked questions
We use published BrokerSafari review records and compare entity, regulation, safety disclosures, fees, platform information, funding terms and evidence quality. Inclusion is not a recommendation or a universal ranking.
No. The score summarizes structured evidence and its limitations. It does not predict performance, establish suitability or replace a jurisdiction-specific check.
Yes. A group may operate through separate legal entities in different countries. Verify the company named in your account agreement and the permissions attached to that company.
No. The total can also include commission, overnight financing, conversion and payment charges. Compare the same product, account and holding period.
A review may summarize published withdrawal terms, but a statement about a live withdrawal test appears only if that test was actually performed and documented.
This page does not establish account eligibility. Check the provider’s official country list and the local regulator’s register, then confirm which legal entity will serve you.