22 Best Forex Brokers for 2025

BySakkarin Grinara Hours Updated on
Forex brokers choosing guide for traders at GOjj platform.

22 Best forex brokers for 2025, ranked based on several factors such as reliability, fees, spreads, swaps, leverage, popularity, and more.

Best Forex Brokers for 2025

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#BrokerOverall Score
(Out of 100)		Popularity
(Google Monthly
Searches)		Trust Score
(Out of 100)		Avg. Spread
(Point per lot)		Commission
(USD per lot)		Swap
(USD per lot
per night)		Min. DepositMax. LeveragePlatform
1FBS
fbs logo 50x50 1
Open Account↗︎		91.84246,00087.5011.4300$53,000MT4, MT5, FBS App
2Axi
axi logo 50x50 1 1
Open Account↗︎		91.2574,00098.7512.740-3$51,000MT4, MT5, Axi App
3Exness
exness logo 50x50 1 1
Open Account↗︎
90.641,220,00088.7512.3400$102,000,000,000MT4, MT5, Exness App,
Exness Terminal
4IC Markets
icmarkets logo 50x50 1 1
Open Account↗︎		89.32201,00088.759.740-7$1001,000MT4, MT5, cTrader,
Tradingview, IC Social
5Pepperstone
pepperstone logo 50x50 1 1
Open Account↗︎		89.25110,00092.5012.000-4$25500MT4, MT5, cTrader, TradingView,
Pepperstone Trading Platform
6OANDA
oanda logo 50x50 1 1
Open Account↗︎		89.14550,00096.2512.860-4$250MT4, MT5, OANDA App,
TradingView
7Eightcap
eightcap logo 50x50 2
Open Account↗︎		84.1833,10087.5013.170-5$50500MT4, MT5, TradingView
8Vantage
vantage logo 50x50 1 1
Open Account↗︎		78.5127,10085.0016.140-4$502,000MT4, MT5, Tradingview, Vantage App,
Protrader
9FP Markets
fpmarkets logo 50x50 1 1
Open Account↗︎		78.3949,50077.5014.600-4$25500MT4, MT5, FP Markets App, TradingView,
cTrader
10FXCM
fxcm logo 50x50 2
Open Account↗︎		77.0833,10085.0016.910-4$501,000MT4, MT5, FXCM App, Trading Station,
TradingView
11XTB
xtb logo 50x50 1 1
Open Account↗︎		76.20368,00097.5019.110-6$1500xStation 5, XTB App
12Admiral
admiralmarkets logo 50x50 1
Open Account↗︎		74.2318,10085.0015.110-11$251,000MT4, MT5, Admirals App,
Admirals Platform
13Tickmill
tickmill logo 50x50 2
Open Account↗︎		73.1649,50073.7516.600-4$1001,000MT4, MT5, TradingView, Tickmill App
14AvaTrade
avatrade logo 50x50 1 1
Open Account↗︎		72.8090,50092.5019.860-6$100400MT4, MT5, WebTrader, AvaTrade App,
AvaOptions
15OctaFX
octafx logo 50x50 1 1
Open Account↗︎		72.39165,00072.5018.6300$501,000MT4, MT5, OctaTrader
16FxPro
fxpro logo 50x50 1
Open Account↗︎		71.5174,00081.2518.140-6$100500MT4, MT5, cTrader, FxPro App,
FxPro Trading Platform
17LiteFinance
litefinance logo 50x50 1 1
Open Account↗︎		70.7340,50066.2516.290-4$101,000MT4, MT5, cTrader, LiteFinance App
18RoboForex
roboforex logo 50x50 1 1
Open Account↗︎		70.45110,00072.5015.890-8$102,000MT4, MT5, MobileTrader App
19HFM
hfm logo 50x50 1
Open Account↗︎		69.41165,00076.2521.0300$52,000MT4, MT5, HFM App
20JustMarkets
justmarkets logo 50x50 1 1
Open Account↗︎		64.5374,00061.2512.400-17$153,000MT4, MT5, JustMarkets App
21XM
xm logo 50x50 1
Open Account↗︎		64.21823,00098.7525.800-6$51,000MT4, MT5, XM App
22FXGT
fxgt logo 50x50 1
Open Account↗︎		52.0633,10055.0023.090-6$55,000MT4, MT5, FXGT App, FXGT Trader

Explanation of the Forex Broker Comparison Table

The primary metric for our ranking, the Overall Score provides a holistic view of a broker's performance. It is a weighted average calculated from three critical components:

  • Formula: (Trust Score x 40%) + (Spread Score x 40%) + (Swap Score x 20%)

Here’s how the cost-related scores are calculated:

  • Spread Score: This score is derived from the Avg. Spread value. We use a linear scale normalization method where the broker with the lowest spread (most favorable) receives a score of 100, and the broker with the highest spread receives a score of 25.
  • Swap Score: This score is based on the combined cost of Swap Long + Swap Short. Using the same linear scale normalization, the broker with the lowest total swap cost (most favorable) is awarded 100 points, while the broker with the highest total swap cost gets 25 points.

This formula places the highest emphasis on trust and core trading costs (spreads), which are paramount for a trader's success and security.

This figure represents the average monthly Google search volume for the broker's brand name, with data referenced from Google Keyword Planner (for the period of June 2024 – May 2025). It serves as an indicator of the broker's brand recognition and market presence. A higher number suggests a larger and more active community of traders.

A broker's credibility is non-negotiable. This score is a comprehensive assessment based on six key factors:

  1. Regulatory Licenses: The quality and number of licenses from reputable financial authorities.
  2. User Reviews: Aggregated feedback from traders on various platforms.
  3. Year Founded: The broker's operational history and longevity.
  4. Search Volume: A measure of public interest and brand relevance.
  5. Trading Platforms: The stability and features of their software.
  6. Tradable Assets: The diversity of the product offering.

For our detailed scoring methodology, please visit: sakainvest.com/trusted-forex-broker-ranking/

The spread is a primary trading cost, representing the difference between the bid and ask price. A lower spread is always better, as it reduces your cost of entry and improves potential profitability.

  • Our Data: This value is the average spread calculated across 7 major currency pairs (EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, USDCHF, NZDUSD) on a Standard Account. The test was conducted on March 6, 2025, at 13:11 (GMT+7).

This refers to a separate fee charged per trade, typically per lot. The commission is listed as “0” for all brokers in this table because our analysis is based on Standard Accounts, which typically incorporate their fees into the spread rather than charging a separate commission.

Swap, or overnight financing, is the fee charged for holding a position open overnight. It can be a credit or a debit. This is a crucial cost for swing and position traders. A lower (or positive) swap is more favorable.

  • Our Data: The figure in the table is the sum of the Swap Long and Swap Short values (in USD per 1 lot), representing the combined cost of holding a position overnight.

The minimum initial deposit required to open a live trading account with the broker, listed in USD. A low minimum deposit provides an accessible entry point for new traders.

Leverage allows traders to control a larger position size with a smaller amount of capital. For example, with 1:1000 leverage, you can control a $100,000 position with just $100 of your own capital.

  • Warning: While high leverage can amplify profits, it also magnifies losses. It is a powerful tool that must be used with a sound risk management strategy.

The software applications provided by the broker for executing trades. MT4 (MetaTrader 4) and MT5 (MetaTrader 5) are the industry standards, known for their robustness and extensive charting tools. Many brokers also offer proprietary platforms and mobile apps.

1.FBS

FBS is the best Forex broker for 2025 due to its high reliability (licensed by Australia's ASIC), low Forex spreads (averaging just 11.43 Points per lot on the 7 major currency pairs), and it is swap-free.

fbs logo 150x150 1
Open FBS Account↗︎

FBS Summary

Overall Score91.84
Trust Score87.5
Spread Score92.11
Swap Score100

*The full score is 100.

💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		9.40 Points / 1 Lot
21.3 USD / 1 Lot
0.0354% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit5 USD
💵 Minimum Withdrawal5 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, FBS App
⚖️ Maximum Leverage1:3000

2.Axi

Axi is the Forex broker that received the highest trust score in our rankings. This is because Axi is licensed by highly reputable authorities such as the FCA (United Kingdom) and ASIC (Australia).

It has a 4.5-star app review score on Google Play, has been established since 2007, receives up to 673,000 Google searches per month, and offers numerous trading platforms and assets.

axi logo 150x150 1
Open Axi Account↗︎

Axi Summary

Overall Score91.25
Trust Score98.75
Spread Score85.99
Swap Score86.76
👮‍♂️ Trust Score98.75
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		13 Points / 1 Lot
16 USD / 1 Lot
0.0218% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-6 (USD per lot per night)
+3 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-40 (USD per lot per night)
17 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-35 (USD per btc per night)
-12 (USD per btc per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit5 USD
💵 Minimum Withdrawal5 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, Axi App
⚖️ Maximum Leverage1:1000

3.Exness

Exness is the most popular Forex broker for 2025 due to its average monthly Google search volume of 1,220,000. It is also a broker that is swap-free, and offers maximum leverage up to 1:2,000,000,000.

exness logo 150x150 1
Open Exness Account↗︎

Exness Summary

Overall Score90.64
Trust Score88.75
Spread Score87.86
Swap Score100
👮‍♂️ Trust Score88.75
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		9 Points / 1 Lot
16 USD / 1 Lot
0.0281% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit10 USD
💵 Minimum Withdrawal10 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, Exness App,
Exness Terminal
⚖️ Maximum Leverage1:2,000,000,000

4.IC Markets

IC Markets is the Forex broker with the lowest spreads in 2025, featuring an average Forex spread on the 7 major currency pairs of just 9.74 Points:

EURUSD 8 Points, USDJPY 10.60 Points, GBPUSD 9.40 Points, AUDUSD 8.00 Points, USDCAD 9.40 Points, USDCHF 11.40 Points, NZDUSD 11.40 Points.

icmarkets logo 150x150 1
Open IC Markets Account↗︎

IC Markets Summary

Overall Score89.32
Trust Score88.75
Spread Score100
Swap Score69.12
👮‍♂️ Trust Score88.75
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		8 Points / 1 Lot
19.4 USD / 1 Lot
0.0242% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-9 (USD per lot per night)
+2 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-42 (USD per lot per night)
+21 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-47 (USD per lot per night)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit100 USD
💵 Minimum Withdrawal1 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, Bonds, Futures
🖥️ Trading PlatformMT4, MT5, cTrader,
Tradingview, IC Social
⚖️ Maximum Leverage1:1000

5.Pepperstone

Pepperstone is the Forex broker with the widest selection of trading platforms in 2025.

These include MT4, MT5, cTrader, TradingView, and the Pepperstone Trading Platform.

This makes it ideal for experienced traders who are looking for platforms with a diverse range of tools.

pepperstone logo 150x150 1
Open Pepperstone Account↗︎

Pepperstone Summary

Overall Score89.25
Trust Score92.5
Spread Score89.45
Swap Score82.35
👮‍♂️ Trust Score92.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		10 Points / 1 Lot
13 USD / 1 Lot
0.0269% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-8 (USD per lot per night)
+4 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-42 (USD per lot per night)
+23 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-43 (USD per lot per night)
+8 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit25 USD
💵 Minimum Withdrawal80 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities, ETF
🖥️ Trading PlatformMT4, MT5, cTrader, TradingView,
Pepperstone Trading Platform
⚖️ Maximum Leverage1:500

6.OANDA

oanda logo 150x150 1
Open OANDA Account↗︎

OANDA Summary

Overall Score89.14
Trust Score96.25
Spread Score85.43
Swap Score82.35
👮‍♂️ Trust Score96.25
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		9.40 Points / 1 Lot
21 USD / 1 Lot
0.0557% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-5 (USD per lot per night)
+1 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-24 (USD per lot per night)
+13 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-37 (USD per lot per night)
-26 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit2 USD
💵 Minimum Withdrawal20 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, OANDA App,
TradingView
⚖️ Maximum Leverage1:50

7.Eightcap

eightcap logo 150x150 1
Open Eightcap Account↗︎

Eightcap Summary

Overall Score84.18
Trust Score87.5
Spread Score83.98
Swap Score77.94
👮‍♂️ Trust Score87.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		11.20 Points / 1 Lot
13 USD / 1 Lot
0.0361% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-8 (USD per lot per night)
+3 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-47 (USD per lot per night)
+26 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-47 (USD per lot per night)
+12 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit50 USD
💵 Minimum Withdrawal50 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, TradingView
⚖️ Maximum Leverage1:500

8.Vantage

A key feature of Vantage Markets is that it offers a variety of trading platforms.

These include MT4, MT5, TradingView, the Vantage App, and ProTrader.

vantage logo 150x150 1
Open Vantage Account↗︎

Vantage Summary

Overall Score78.51
Trust Score85
Spread Score70.11
Swap Score82.35
👮‍♂️ Trust Score85.00
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		13.40 Points / 1 Lot
22 USD / 1 Lot
0.1124% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-7 (USD per lot per night)
+3 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-38 (USD per lot per night)
+18 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit50 USD
💵 Minimum Withdrawal30 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, ETF, Bonds
🖥️ Trading PlatformMT4, MT5, Tradingview,
Vantage App, Protrader
⚖️ Maximum Leverage1:2000

9.FP Markets

A key feature of FP Markets is that it offers a variety of trading platforms.

These include MT4, MT5, FP Markets App, TradingView, cTrader

fpmarkets logo 150x150 1
Open FP Markets Account↗︎

FP Markets Summary

Overall Score78.39
Trust Score77.5
Spread Score77.3
Swap Score82.35
👮‍♂️ Trust Score77.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		11.40 Points / 1 Lot
19.40 USD / 1 Lot
0.0283% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-5 (USD per lot per night)
+1 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-30 (USD per lot per night)
+5 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-47 (USD per lot per night)
-5 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit25 USD
💵 Minimum Withdrawal25 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, Bonds, ETF
🖥️ Trading PlatformMT4, MT5, FP Markets App,
TradingView, cTrader
⚖️ Maximum Leverage1:500

10.FXCM

A key feature of FXCM is that it offers a variety of trading platforms.

These include MT4, MT5, FXCM App, Trading Station, TradingView

fxcm logo 150x150 1
Open FXCM Account↗︎

FXCM Summary

Overall Score77.08
Trust Score85
Spread Score66.52
Swap Score82.35
👮‍♂️ Trust Score85.00
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		14.20 Points / 1 Lot
48.20 USD / 1 Lot
0.0723% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-8 (USD per lot per night)
+4 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-54 (USD per lot per night)
+15 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		No data
No data
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit50 USD
💵 Minimum Withdrawal1 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities
🖥️ Trading PlatformMT4, MT5, FXCM App,
Trading Station, TradingView
⚖️ Maximum Leverage1:1000

11.XTB

XTB is the Forex broker with the lowest minimum deposit in 2025.

Therefore, it is ideal for beginners who want to try trading Forex with a small initial amount first. It is also suitable for people who have limited capital but want to try trading Forex.

xtb logo 150x150 1
Open XTB Account↗︎

XTB Summary

Overall Score76.2
Trust Score97.5
Spread Score56.24
Swap Score73.53
👮‍♂️ Trust Score97.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		13.40 Points / 1 Lot
30 USD / 1 Lot
Not available for trading
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-5 (USD per lot per night)
+1 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-30 (USD per lot per night)
+5 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		Not available for trading
Not available for trading
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit1 USD
💵 Minimum Withdrawal50 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities, ETF
🖥️ Trading PlatformxStation 5, XTB App
⚖️ Maximum Leverage1:500

12.Admiral Markets

admiralmarkets logo 150x150 1
Open Admiral Account↗︎

Admiral Markets Summary

Overall Score74.23
Trust Score85
Spread Score74.83
Swap Score51.47
👮‍♂️ Trust Score85
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		9 Points / 1 Lot
25 USD / 1 Lot
0.0732% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-11 (USD per lot per night)
0 (Swap Free)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-55 (USD per lot per night)
+22 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit25 USD
💵 Minimum Withdrawal20 USD
📊 InstrumentsForex, Crypto, Stocks, Bonds,
Indices, Commodities, ETF
🖥️ Trading PlatformMT4, MT5, Admiral App,
Admirals Platform
⚖️ Maximum Leverage1:1000

13.Tickmill

tickmill logo 150x150 1
Open Tickmill Account↗︎

Tickmill Summary

Overall Score73.16
Trust Score73.75
Spread Score67.97
Swap Score82.35
👮‍♂️ Trust Score73.75
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		16.60 Points / 1 Lot
24 USD / 1 Lot
No data
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-8 (USD per lot per night)
+4 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-41 (USD per lot per night)
+22 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit100 USD
💵 Minimum Withdrawal25 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities, Bonds
🖥️ Trading PlatformMT4, MT5, TradingView,
Tickmill App
⚖️ Maximum Leverage1:1000

14.AvaTrade

avatrade logo 150x150 1
Open AvaTrade Account↗︎

AvaTrade Summary

Overall Score72.8
Trust Score92.5
Spread Score52.74
Swap Score73.53
👮‍♂️ Trust Score92.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		13 Points / 1 Lot
30 USD / 1 Lot
0.0986% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-45 (USD per lot per night)
+24 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-30 (USD per lot per night)
+5 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-40 (USD per lot per night)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit100 USD
💵 Minimum Withdrawal100 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, ETF, Bonds
🖥️ Trading PlatformMT4, MT5, WebTrader,
AvaTrade App, AvaOptions
⚖️ Maximum Leverage1:400

15.OctaFX

OctaFX is one of the few Forex brokers that offer swap-free accounts.

This is ideal for traders who frequently hold orders overnight, as it helps save a significant amount on fees.

octafx logo 150x150 1
Open OctaFX Account↗︎

OctaFX Summary

Overall Score72.39
Trust Score72.5
Spread Score58.48
Swap Score100
👮‍♂️ Trust Score72.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		10.60 Points / 1 Lot
30 USD / 1 Lot
0.0363% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		0 (Swap Free)
0 (Swap Free)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit50 USD
💵 Minimum Withdrawal10 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, OctaTrader
⚖️ Maximum Leverage1:1000

16.FxPro

fxpro logo 150x150 1
Open FxPro Account↗︎

FxPro Summary

Overall Score71.51
Trust Score81.25
Spread Score60.77
Swap Score73.53
👮‍♂️ Trust Score81.25
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		14.00 Points / 1 Lot
35.80 USD / 1 Lot
0.0986% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-8 (USD per lot per night)
+2 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-46 (USD per lot per night)
+13 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-47 (USD per lot per night)
-47 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit100 USD
💵 Minimum Withdrawal100 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, ETF
🖥️ Trading PlatformMT4, MT5, cTrader, FxPro App,
FxPro Trading Platform
⚖️ Maximum Leverage1:500

17.LiteFinance

litefinance logo 150x150 1
Open LiteFinance Account↗︎

LiteFinance Summary

Overall Score70.73
Trust Score66.25
Spread Score69.41
Swap Score82.35
👮‍♂️ Trust Score66.25
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		15.00 Points / 1 Lot
39 USD / 1 Lot
0.1873% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-7 (USD per lot per night)
+3 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-54 (USD per lot per night)
0 (Swap Free)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-58 (USD per lot per night)
-58 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit10 USD
💵 Minimum Withdrawal10 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, cTrader,
LiteFinance App
⚖️ Maximum Leverage1:1000

18.RoboForex

roboforex logo 150x150 1
Open RoboForex Account↗︎

RoboForex Summary

Overall Score70.45
Trust Score72.5
Spread Score71.28
Swap Score64.71
👮‍♂️ Trust Score72.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		13.40 Points / 1 Lot
19.70 USD / 1 Lot
Not available for trading
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-9 (USD per lot per night)
+1 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-29 (USD per lot per night)
-3 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		Not available for trading
Not available for trading
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit10 USD
💵 Minimum Withdrawal10 USD
📊 InstrumentsForex, ETF, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5,
MobileTrader App
⚖️ Maximum Leverage1:2000

19.HFM

A key feature of HFM is that it is a swap-free Forex broker (though some assets, such as Crypto, are not swap-free).

This makes it ideal for traders who like to hold orders for the long term.

hfm logo 150x150 1
Open HFM Account↗︎

HFM Summary

Overall Score69.41
Trust Score76.25
Spread Score47.28
Swap Score100
👮‍♂️ Trust Score72.50
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		16.60 Points / 1 Lot
28.50 USD / 1 Lot
0.0472% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		0 (Swap Free)
0 (Swap Free)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-19 (USD per lot per night)
-9 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit5 USD
💵 Minimum Withdrawal5 USD
📊 InstrumentsForex, Crypto, Stocks, Indices,
Commodities, Bonds, ETF
🖥️ Trading PlatformMT4, MT5, HFM App
⚖️ Maximum Leverage1:2000

20.JustMarkets

justmarkets logo 150x150 1
Open JustMarkets Account↗︎

JustMarkets Summary

Overall Score64.53
Trust Score61.25
Spread Score87.58
Swap Score25
👮‍♂️ Trust Score61.25
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		9.00 Points / 1 Lot
18.00 USD / 1 Lot
0.0358% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-13 (USD per lot per night)
-4 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-71 (USD per lot per night)
-84 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-85 (USD per lot per night)
-56 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit15 USD
💵 Minimum Withdrawal10 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, JustMarkets App
⚖️ Maximum Leverage1:3000

21.XM

XM is the Forex broker with the highest trust score in our rankings (equal to Axi).

XM holds reliable licenses from authorities such as the FCA (United Kingdom) and ASIC (Australia). It has a 4.6-star app review score on Google Play, has been established since 2009, receives up to 823,000 Google searches per month, and offers numerous trading platforms and tradable assets.

xm logo 150x150 1
Open XM Account↗︎

XM Summary

Overall Score64.21
Trust Score98.75
Spread Score25
Swap Score73.53
👮‍♂️ Trust Score98.75
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		20.60 Points / 1 Lot
37.10 USD / 1 Lot
0.0727% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-9 (USD per lot per night)
+3 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-43 (USD per lot per night)
+18 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-35 (USD per lot per night)
-35 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit5 USD
💵 Minimum Withdrawal5 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, XM App
⚖️ Maximum Leverage1:1000

22.FXGT

fxgt logo 150x150 1
Open FXGT Account↗︎

FXGT Summary

Overall Score52.06
Trust Score55
Spread Score38.39
Swap Score73.53
👮‍♂️ Trust Score55
💸 Average Spread: EURUSD
💸 Average Spread: XAUUSD
💸 Average Spread: BTCUSD		20.20 Points / 1 Lot
35.30 USD / 1 Lot
0.0739% / 1 BTC
🌙 Swap Long: EURUSD
🌙 Swap Short: EURUSD		-7 (USD per lot per night)
+1 (USD per lot per night)
🌙 Swap Long: XAUUSD
🌙 Swap Short: XAUUSD		-19 (USD per lot per night)
+5 (USD per lot per night)
🌙 Swap Long: BTCUSD
🌙 Swap Short: BTCUSD		-61 (USD per lot per night)
+24 (USD per lot per night)
💰CommissionNo Commission Charged
on Standard Accounts
💵 Minimum Deposit5 USD
💵 Minimum Withdrawal5 USD
📊 InstrumentsForex, Crypto, Stocks,
Indices, Commodities
🖥️ Trading PlatformMT4, MT5, FXGT App,
FXGT Trader
⚖️ Maximum Leverage1:5000

Reference Data

Forex Spread

  • 1 forex spread all broker 2025
    1-forex-spread-all-broker-2025
  • 2 forex spread all broker 2025
    2-forex-spread-all-broker-2025
  • 3 forex spread all broker 2025
    3-forex-spread-all-broker-2025
  • 4 forex spread all broker 2025
    4-forex-spread-all-broker-2025
  • 5 forex spread all broker 2025
    5-forex-spread-all-broker-2025
    • This comparison uses standard, commission-free accounts for all brokers.
    • Spreads recorded on March 6, 2025, at 13:11 (GMT+7).
    • Spreads are variable and subject to change based on market conditions.

    Gold (XAUUSD) Spread

  • 1 xauusd spread all broker 2025
    1-xauusd-spread-all-broker-2025
  • 2 xauusd spread all broker 2025
    2-xauusd-spread-all-broker-2025
  • 3 xauusd spread all broker 2025
    3-xauusd-spread-all-broker-2025
  • 4 xauusd spread all broker 2025
    4-xauusd-spread-all-broker-2025
  • 5 xauusd spread all broker 2025
    5-xauusd-spread-all-broker-2025
  • 6 xauusd spread all broker 2025
    6-xauusd-spread-all-broker-2025
  • 7 xauusd spread all broker 2025
    7-xauusd-spread-all-broker-2025
  • 8 xauusd spread all broker 2025
    8-xauusd-spread-all-broker-2025
  • 9 xauusd spread all broker 2025
    9-xauusd-spread-all-broker-2025
  • 10 xauusd spread all broker 2025
    10-xauusd-spread-all-broker-2025
    • This comparison uses standard, commission-free accounts for all brokers.
    • Spreads recorded on March 3, 2025, at 15:39 (GMT+7).
    • Spreads are variable and subject to change based on market conditions.

    Bitcoin (BTCUSD) Spread

  • 1 btcusd spread all broker 2025
    1-btcusd-spread-all-broker-2025
  • 2 btcusd spread all broker 2025
    2-btcusd-spread-all-broker-2025
  • 3 btcusd spread all broker 2025
    3-btcusd-spread-all-broker-2025
  • 4 btcusd spread all broker 2025
    4-btcusd-spread-all-broker-2025
  • 5 btcusd spread all broker 2025
    5-btcusd-spread-all-broker-2025
    • This comparison uses standard, commission-free accounts for all brokers.
    • Spreads recorded on March 11, 2025, at 15:47 (GMT+7).
    • Spreads are variable and subject to change based on market conditions.

    Swap

  • Admiral Markets Swap 2025
    Admiral Markets Swap 2025
  • AvaTrade Swap 2025
    AvaTrade Swap 2025
  • Axi Swap 2025
    Axi Swap 2025
  • Eightcap Swap 2025
    Eightcap Swap 2025
  • Exness Swap 2025
    Exness Swap 2025
  • FBS Swap 2025
    FBS Swap 2025
  • FP Markets Swap 2025
    FP Markets Swap 2025
  • FXCM Swap 2025
    FXCM Swap 2025
  • FXGT Swap 2025
    FXGT Swap 2025
  • FxPro Swap 2025
    FxPro Swap 2025
  • HFM Swap 2025 1
    HFM Swap 2025-1
  • HFM Swap 2025 2
    HFM Swap 2025-2
  • IC Markets Swap 2025
    IC Markets Swap 2025
  • JustMarkets Swap 2025
    JustMarkets Swap 2025
  • LiteFinance Swap 2025
    LiteFinance Swap 2025
  • OANDA Swap 2025 scaled
    OANDA Swap 2025
  • Pepperstone Swap 2025
    Pepperstone Swap 2025
  • RoboForex Swap 2025
    RoboForex Swap 2025
  • Tickmill Swap 2025
    Tickmill Swap 2025
  • TMGM Swap 2025
    TMGM Swap 2025
  • Vantage Swap 2025
    Vantage Swap 2025
  • XM Swap 2025
    XM Swap 2025
  • XTB Swap 2025
    XTB Swap 2025
    • Swap = 0 means the broker is swap-free.
    • Swap Rate: Positive (+) means you earn; Negative (-) means you pay.
    • Swap recorded on March 3, 2025.

    Popularity

  • 1 The most popular forex brokers 2025 1 scaled
    1 The most popular forex brokers 2025
  • 2 The most popular forex brokers 2025 2 scaled
    2 The most popular forex brokers 2025

    • *Data as of June 2024 – May 2025

    FAQ

    The minimum deposit to start trading forex with the top-ranked broker in this article (FBS) is only $5.

    However, we recommend you start with an initial deposit of $500-$1000. This is because it makes it easier to manage your investment risk. (Typically, losses are limited to 1%-2% per trade, and if the initial deposit is too low, managing this risk becomes difficult).

    The best forex broker for 2025 depends on what specific qualities you are looking for in a broker.

    However, overall, the best forex broker for 2025 is FBS. This is because FBS is a highly reliable broker with low spreads, no swap fees, and a low minimum deposit, making it very suitable for all types of traders, both beginners and experienced traders.

    Here are the key factors for choosing a safe and reliable forex broker:

    • Regulatory Licenses: You should choose a forex broker licensed by regulatory authorities from highly reputable countries, such as ASIC in Australia, the FCA in the United Kingdom, or the NFA in the United States.
    • User Reviews: Check the broker's application review scores to see if they have positive ratings and feedback.
    • Year Founded: Brokers that have been established for many years tend to be highly trustworthy.
    • Website Traffic: A broker with high website traffic indicates popularity and suggests reliability. You can check a broker's website traffic using a tool like https://www.similarweb.com/.
    • Trading Platforms: The number of trading platforms a broker offers can indicate its credibility. This is because the broker must pay licensing fees for these platforms or invest in developing its own. Smaller brokers often have fewer trading platforms due to limited capital.
    • Tradable Assets: Similarly, the number of assets a broker offers for trading is a sign of reliability. Brokers must pay liquidity providers to offer a wide range of assets for us to trade. Smaller brokers typically have fewer assets to choose from due to a lack of funds.

    The forex brokers with the highest trust rating in our rankings are Axi and XM.

    For broker Axi:

    • It is licensed by the FCA (United Kingdom) and ASIC (Australia).
    • It has a 4.5-star app review score on Google Play.
    • It has been established since 2007.
    • It receives up to 673,000 Google searches per month.
    • It offers 3 trading platforms and 5 categories of tradable assets.

    And for broker XM, which has an equal trust score:

    • It is licensed by the FCA (United Kingdom) and ASIC (Australia).
    • It has a 4.6-star app review score on Google Play.
    • It has been established since 2009.
    • It receives up to 823,000 Google searches per month.
    • It offers 3 trading platforms and 5 categories of tradable assets.

    IC Markets is the Forex broker that offers the lowest spreads.

    It has an average Forex spread of 9.74 Points across the 7 major currency pairs.

    • Average EURUSD spread: 8 Points
    • Average USDJPY spread: 10.60 Points
    • Average GBPUSD spread: 9.40 Points
    • Average AUDUSD spread: 8.00 Points
    • Average USDCAD spread: 9.40 Points
    • Average USDCHF spread: 11.40 Points
    • Average NZDUSD spread: 11.40 Points

    The MetaTrader 5 (MT5) platform is an industry standard, renowned for its stability and powerful charting tools. Many top-tier brokers offer it. Based on our analysis, here are the brokers that stand out in key categories for traders:

    • FBS: Best Overall Broker. A well-rounded choice offering high reliability, low spreads, and Swap-Free account options.
    • Axi & XM: Highest Trust Rating. Regulated by top-tier authorities like the FCA (UK) and ASIC (Australia), ensuring your funds are secure.
    • IC Markets: Lowest Average Spreads. Ideal for traders focused on minimizing costs, especially scalpers and high-frequency traders.
    • Exness: Most Popular & Highest Leverage. A widely recognized broker offering high leverage to maximize trading opportunities, along with fast execution.
    • Pepperstone, Vantage, FP Markets, & FXCM: Widest Range of Platforms. In addition to MT5, these brokers provide other excellent platforms, catering to all trading styles.

    The forex broker that provides the highest leverage is Exness, offering an astounding 1:2,000,000,000.

    While high leverage can significantly amplify profits, it's crucial to remember that it also magnifies losses, so it requires a sound risk management strategy.

    The best forex broker for scalping is IC Markets.

    This is because it is the broker with the lowest spreads and no additional commissions. Therefore, it is highly suitable for scalping as it helps to save a great deal on trading fees.

    To effectively compare forex brokers, you should evaluate them based on several key factors that impact your trading costs, security, and overall experience. Consider the following criteria:

    • Regulation and Trust: Check if the broker is licensed by top-tier financial authorities (like ASIC, FCA, etc.). A long operational history and positive user reviews also indicate a trustworthy broker.
    • Trading Costs: This is a crucial factor and includes three main types of fees:
      • Spreads: The difference between the buy and sell price. Lower spreads are better.
      • Commissions: A fixed fee charged per trade on certain account types.
      • Swap Fees: Also called overnight fees, these are charged for holding positions open overnight.
    • Trading Platforms: Ensure the broker offers a stable, user-friendly platform (such as MT4 or MT5) with the analytical tools you need.
    • Leverage: While high leverage can amplify profits, it also significantly increases the risk of loss. Choose a leverage level that aligns with your risk management strategy.
    • Account Types & Minimum Deposit: Look for a broker with a low minimum deposit to get started and account types that match your trading style (e.g., Standard, ECN).
    • Tradable Assets: Verify that the broker offers the range of currency pairs, commodities, indices, or other instruments you wish to trade.

    Top forex brokers generally structure their fees around three main components: spreads, commissions, and swap fees. Here is a breakdown of what you can expect:

    • Spreads: This is the primary cost of trading, representing the difference between the buy (ask) and sell (bid) price. Lower spreads are more favorable. For example, on a standard account, a highly competitive broker like IC Markets might average spreads of 9.74 points on major pairs. Other leading brokers show different averages, such as FBS (11.43 points), Axi (12.74 points), and XM (25.80 points).
    • Commissions: This is a separate fee charged per trade. On most “Standard” accounts, the commission is often $0 because the broker's fee is already built into the spread. In contrast, ECN or Raw Spread accounts will have much tighter spreads but will charge a fixed commission per lot traded.
    • Swap Fees (Overnight Financing): This is a fee you pay or earn for holding a position overnight. This cost is crucial for swing or position traders. Some brokers are known for offering swap-free conditions on many instruments, including FBS, Exness, OctaFX, and HFM. Other brokers will charge a nightly fee, which could be around -3 USD per lot at Axi, -6 USD at XM, or -7 USD at IC Markets, depending on the currency pair.

    Normally, withdrawing money from a forex broker usually takes no more than 24 hours.

    Verifying a forex broker's legitimacy is crucial for protecting your funds. You can assess their credibility by examining several key factors, using top brokers as a benchmark:

    • Regulatory Licenses: The most important factor is regulation by a top-tier authority. For instance, highly credible brokers like Axi and XM are licensed by respected bodies such as the FCA (UK) and ASIC (Australia). Always check for these licenses on the broker's website.
    • Operational History and Reputation: A long track record indicates reliability. Brokers like Axi (founded in 2007) and XM (founded in 2009) have over a decade of experience. Their reputation is also supported by positive user feedback (e.g., XM's 4.6-star rating on Google Play) and high monthly search volumes, which suggest a large and active community.
    • Scale of Offerings: The number of trading platforms and tradable assets offered can signal a broker's financial stability and commitment. Established brokers such as Axi and XM typically provide multiple platforms and a wide range of asset categories for traders.

    Written by Sakkarin Grinara, founder of Gojj.com. With over 10 years of trading experience and a degree in Finance & Banking, Sakkarin is dedicated to providing traders with transparent, evidence-based reviews you can trust.

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