EnglishEN
fxbout.comTrust trade-offsFind my broker in 60s
Home/Matrix

The comparison matrix

All 31 brokers across 14 columns of checkable facts. The broker column stays pinned as you scroll sideways and the best figure in each numeric column is marked, so you can read down a column instead of hunting across cards. Order is Tier-1 licence count first, tightest EUR/USD spread as the tiebreak.

0.77pAverage EUR/USD spread across the board
10Brokers with no minimum deposit — Pepperstone, OANDA, ActivTrades, Axi, BlackBull Markets, CMC Markets, IG Group, Saxo Bank, XS.com, XTB
39Distinct regulators represented
48Trading terminals supported in total
31 brokers · 14 columns · sorted by Tier-1 licence count, then tightest EUR/USD spread best in column Tier-1 regulatedScroll sideways
BrokerValue scoreEUR/USDMin. depositTier-1LicencesMax leverageFoundedYears liveHQRegulatorsPlatformsTerminalsAccount tiersCost / 10 lotsGo
1IG Group logo880.60 pipsNone7× T171:30 (UK/EU retail)197452London, UKFCA, FCA, BaFin, FINMA, ASIC, MAS, NFA/CFTC5Proprietary web platform, MT4, ProRealTime, L2 Dealer, Mobile appsCFD, Spread betting, Share dealing, Professional$60Visit →
2IUX (IUX Markets) logoFeatured partner470.90 pips$2001× T15up to 1:3000 (offshore entities; Raw and Pro accounts)201610Ebene Cybercity, MauritiusASIC, FSCA, FSC Mauritius, FSA Saint Vincent and the Grenadines, Mwali International Services Authority (MISA), Comoros3MT5, IUX web platform, IUX mobile appStandard, Pro, Raw, Cent$90Visit →
3Saxo Bank logo800.90 pipsNone5× T151:30 (UK/EU retail)199234Hellerup (Copenhagen), DenmarkDanish FSA, FCA, FINMA, MAS, FSA Japan4SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, Mobile appsClassic, Platinum, VIP$90Visit →
4Pepperstone logo790.60 pipsNone3× T171:30 (retail, EU/UK)201016Melbourne, AustraliaFCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB4MT4, MT5, cTrader, TradingViewStandard, Razor$60Visit →
5CMC Markets logo780.50 pipsNone3× T131:30 (UK/EU retail)198937London, UKFCA, FCA, ASIC4Next Generation (proprietary web), MT4, TradingView (selected regions), Mobile appsCFD, Spread betting, Corporate, Professional$50Visit →
6OANDA logo781.00 pipsNone5× T151:50 (US) / 1:30 (UK retail)199630New York, USAFCA, CFTC/NFA, ASIC, IIROC, MAS4MT4, MT5, OANDA Trade, TradingViewStandard, Core, Swap-free$100Visit →
7Eightcap logo760.10 pips$1002× T161:30 retail under ASIC/FCA/CySEC; up to 1:500 under offshore entities200917Melbourne, AustraliaASIC, FCA, CySEC, SCB Bahamas, FSA Seychelles, FSC Mauritius3MT4, MT5, TradingViewStandard, Raw$10Visit →
8FOREX.com logo751.00 pips$1004× T151:50 (US) / 1:30 (UK retail)200125New Jersey, USA (StoneX)CFTC/NFA, FCA, ASIC, CIRO, CIMA4MT4, MT5, TradingView, Web TraderStandard, Commission, STP Pro$100Visit →
9Tickmill logo720.10 pips$1001× T151:30 for retail clients under FCA/CySEC; higher under the Seychelles entity201412London, United KingdomFCA, CySEC, FSCA, DFSA, FSA Seychelles4MT4, MT5, TradingView, Tickmill TraderClassic, Raw, TradingView Raw, Demo$10Visit →
10City Index logo720.50 pips$1002× T121:30 (UK retail)198343London, UKFCA, ASIC5City Index Web Trader, MT4, TradingView, AT Pro, Mobile appsCFD, Spread betting, Professional$50Visit →
11Capital.com logo690.60 pips$202× T161:30 (UK/EU retail)201610London, UKFCA, CySEC, CySEC, ASIC, SCA, SCB4Capital.com proprietary web platform, MT4 (selected entities), TradingView, Mobile appsRetail CFD, Spread betting (UK), Professional$60Visit →
12Axi logo690.70 pipsNone2× T151:30 retail under FCA/ASIC; higher under international entities200719Sydney, AustraliaASIC, FCA, DFSA, FMA New Zealand, FSA Saint Vincent and the Grenadines4MT4, MT5, Axi app, TradingViewStandard, Pro, Elite$70Visit →
13ATFX logo690.80 pips$1003× T171:30 retail under FCA/ASIC/CySEC; higher under offshore entities20179London, United KingdomFCA, ASIC, SFC Hong Kong, CySEC, FSCA, FSC Mauritius, FSA Seychelles3MT4, MT5, ATFX appStandard, Edge, ATFX Connect (institutional)$80Visit →
14Plus500 logo680.60 pips$1002× T151:30 (retail)200818Haifa, IsraelFCA, CySEC, ASIC, FMA, FSCA2Plus500 WebTrader, Plus500 AppRetail, Professional$60Visit →
15AvaTrade logo680.90 pips$1002× T151:30 (retail) / up to 1:400 (offshore)200620Dublin, IrelandCentral Bank of Ireland, ASIC, FSCA, FSA, ADGM4MT4, MT5, AvaTradeGO, WebTraderRetail, Professional$90Visit →
16ActivTrades logo660.50 pipsNone1× T131:30 (UK/EU retail)200125London, UKFCA, CSSF, SCB5ActivTrader (proprietary), MT4, MT5, TradingView, Mobile appsIndividual, Professional, Corporate, Demo$50Visit →
17Admirals (Admiral Markets) logo650.50 pips$1001× T131:30 (UK/EU retail)200125Tallinn, EstoniaFCA, CySEC, Estonian Financial Supervision Authority5MT4, MT5, MetaTrader WebTrader, Admirals proprietary platform, Mobile appTrade.MT5, Zero.MT5, Trade.MT4, Zero.MT4, Invest.MT5, Demo$50Visit →
18XTB logo620.50 pipsNone1× T131:30 (UK/EU retail)200224Warsaw, PolandKNF, FCA, CySEC2xStation 5 (proprietary web/desktop), xStation MobileStandard, Professional$50Visit →
19Exness logo580.70 pips$101× T14up to 1:2000 (offshore)200818Limassol, CyprusFCA, CySEC, FSCA, FSA3MT4, MT5, Exness TerminalStandard, Raw Spread, Zero, Pro$70Visit →
20FXCM logo581.30 pips$502× T141:30 (UK/EU retail)199927London, UKFCA, CySEC, ASIC, None5Trading Station, MT4, TradingView, Capitalise.ai, Mobile appsStandard, Active Trader, Professional$130Visit →
21FxPro logo570.90 pips$1001× T141:30 (retail) / up to 1:500 (offshore)200620London, UKFCA, CySEC, FSCA, SCB4MT4, MT5, cTrader, FxPro EdgeStandard, Raw+, Elite$90Visit →
22IC Markets logo560.62 pips$2001× T131:30 (retail) / 1:500 (offshore)200719Sydney, AustraliaASIC, CySEC, FSA3MT4, MT5, cTraderStandard, Raw Spread$62Visit →
23eToro logo541.00 pips$502× T131:30 (retail)200719Tel Aviv, IsraelFCA, CySEC, ASIC2eToro Platform, eToro AppRetail, Professional$100Visit →
24XS.com logo541.10 pipsNone1× T17up to 1:2000201016Eden Island, SeychellesASIC, CySEC, FSCA, UAE Securities and Commodities Authority, FSA Seychelles, Labuan FSA, FSC Mauritius3MT4, MT5, XS mobile appStandard, Cent, Micro, Pro, Elite, VIP, Classic, Extra, Plus, Copy Standard, Copy Pro, Demo$110Visit →
25XM logo530.80 pips$51× T141:30 (retail) / up to 1:1000 (offshore)200917Limassol, CyprusCySEC, ASIC, DFSA, IFSC2MT4, MT5Standard, Ultra Low, Zero$80Visit →
26Decode Global logo520.90 pips$1001× T13up to 1:2000200422Port Vila, VanuatuASIC, VFSC, FSC Mauritius4MT4, MT5, DecodeFX App, DecodeFX WebStandard, Pro, Cent$90Visit →
27Swissquote logo461.70 pips$1,0002× T121:30 (UK/EU retail); up to 1:100 (Swiss entity)199630Gland, SwitzerlandFINMA, FCA4MT4, MT5, CFXD/Advanced Trader, Swissquote web and mobileStandard, Premium, Prime, Professional$170Visit →
28FBS logo450.70 pips$52up to 1:3000 (Belize entity); 1:30 retail under CySEC200917Belize City, BelizeCySEC, FSC Belize3MT4, MT5, FBS Trader appStandard, Cent, Pro, Crypto$70Visit →
29BlackBull Markets logo450.80 pipsNone2up to 1:500201412Auckland, New ZealandFMA New Zealand, FSA Seychelles5MT4, MT5, cTrader, TradingView, BlackBull CopyTraderECN Standard, ECN Prime, Prime+, ECN Institutional$80Visit →
30TMGM logo441.00 pips$1001× T141:30 (ASIC retail) / up to 1:1000 advertised on offshore entities201313Sydney, AustraliaASIC, VFSC, FSA Seychelles, FSC Mauritius3MT4, MT5, IRESSClassic, Edge, IRESS$100Visit →
31Land Prime logo340.90 pips$102up to 2000:1201313Kingstown, St Vincent and the GrenadinesFSC Mauritius, None — St Vincent and the Grenadines IBC registration only2MT4, MT5Standard, ECN, Cent, Demo$90Visit →
Drag, swipe or arrow-key the table sideways to reach all 15 columns — the broker column stays pinned to the left edge. “Value score” is 40% verified trading-cost evidence, 35% active supervision, 15% operating record and 10% platform breadth. “Cost / 10 lots” remains the spread charge on ten standard-lot round turns at $10 per pip. Retail EU/UK leverage is capped at 1:30 regardless of a broker's offshore ceiling The default view also shows IUX at a separately disclosed featured position #2; that placement does not alter any score. Cost evidence 40% · active supervision 35% · operating record + platforms 25%

Spreads are typical EUR/USD figures on each broker's tightest standard or raw account and will widen around news. The matrix order is a fee-aware value score: 40% verified trading-cost evidence, 35% active supervision, 15% operating record and 10% platform breadth. A missing spread earns no cost points. Tier-1 regulators still matter, but licence count alone does not decide the order. We may earn a commission on outbound links; it does not change the score The IUX featured row is a separately disclosed partnership placement and does not alter its score.

IUX (IUX Markets) is a featured partner of fxbout.com — the placement on this matrix reflects a partnership, not the underlying numbers. Every figure shown passes the same verification as every other row.

Cut by regulator

Who is licensed where

The same data pivoted the other way — pick the regulator whose protections apply to you and see who holds that licence.

01

FCA

Pepperstone, OANDA, FOREX.com, FxPro, eToro, Exness, Plus500, ActivTrades, Admirals (Admiral Markets), ATFX, Axi, Capital.com, City Index, CMC Markets, CMC Markets, Eightcap, FXCM, IG Group, IG Group, Saxo Bank, Swissquote, Tickmill, XTB

23 brokers
02

ASIC

Pepperstone, IC Markets, XM, OANDA, FOREX.com, eToro, AvaTrade, Plus500, ATFX, Axi, Capital.com, City Index, CMC Markets, Decode Global, Eightcap, FXCM, IG Group, IUX (IUX Markets), TMGM, XS.com

20 brokers
03

CySEC

Pepperstone, IC Markets, XM, FxPro, eToro, Exness, Plus500, Admirals (Admiral Markets), ATFX, Capital.com, Capital.com, Eightcap, FBS, FXCM, Tickmill, XS.com, XTB

17 brokers
04

FSCA

FxPro, Exness, AvaTrade, Plus500, ATFX, IUX (IUX Markets), Tickmill, XS.com

8 brokers
05

FSC Mauritius

ATFX, Decode Global, Eightcap, IUX (IUX Markets), Land Prime, TMGM, XS.com

7 brokers
06

FSA Seychelles

ATFX, BlackBull Markets, Eightcap, Tickmill, TMGM, XS.com

6 brokers
07

DFSA

Pepperstone, XM, Axi, Tickmill

4 brokers
08

SCB

Pepperstone, FxPro, ActivTrades, Capital.com

4 brokers
09

FSA

IC Markets, Exness, AvaTrade

3 brokers
10

MAS

OANDA, IG Group, Saxo Bank

3 brokers
11

FINMA

IG Group, Saxo Bank, Swissquote

3 brokers
12

BaFin

Pepperstone, IG Group

2 brokers
13

CFTC/NFA

OANDA, FOREX.com

2 brokers
14

FMA New Zealand

Axi, BlackBull Markets

2 brokers
15

FSA Saint Vincent and the Grenadines

Axi, IUX (IUX Markets)

2 brokers
16

VFSC

Decode Global, TMGM

2 brokers
17

CMA

Pepperstone

1 broker
18

IFSC

XM

1 broker
19

IIROC

OANDA

1 broker
20

CIRO

FOREX.com

1 broker
21

CIMA

FOREX.com

1 broker
22

Central Bank of Ireland

AvaTrade

1 broker
23

ADGM

AvaTrade

1 broker
24

FMA

Plus500

1 broker
25

CSSF

ActivTrades

1 broker
26

Estonian Financial Supervision Authority

Admirals (Admiral Markets)

1 broker
27

SFC Hong Kong

ATFX

1 broker
28

SCA

Capital.com

1 broker
29

SCB Bahamas

Eightcap

1 broker
30

FSC Belize

FBS

1 broker
31

None

FXCM

1 broker
32

NFA/CFTC

IG Group

1 broker
33

Mwali International Services Authority (MISA), Comoros

IUX (IUX Markets)

1 broker
34

None — St Vincent and the Grenadines IBC registration only

Land Prime

1 broker
35

Danish FSA

Saxo Bank

1 broker
36

FSA Japan

Saxo Bank

1 broker
37

UAE Securities and Commodities Authority

XS.com

1 broker
38

Labuan FSA

XS.com

1 broker
39

KNF

XTB

1 broker

Cut by platform

Who runs which terminal

If your strategy, EA or charting workflow is tied to a specific terminal, start here rather than with the spread.

01

MT4

Pepperstone, IC Markets, XM, OANDA, FOREX.com, FxPro, Exness, AvaTrade, ActivTrades, Admirals (Admiral Markets), ATFX, Axi, BlackBull Markets, City Index, CMC Markets, Decode Global, Eightcap, FBS, FXCM, IG Group, Land Prime, Swissquote, Tickmill, TMGM, XS.com

25 brokers
02

MT5

Pepperstone, IC Markets, XM, OANDA, FOREX.com, FxPro, Exness, AvaTrade, ActivTrades, Admirals (Admiral Markets), ATFX, Axi, BlackBull Markets, Decode Global, Eightcap, FBS, IUX (IUX Markets), Land Prime, Swissquote, Tickmill, TMGM, XS.com

22 brokers
03

TradingView

Pepperstone, OANDA, FOREX.com, ActivTrades, Axi, BlackBull Markets, Capital.com, City Index, Eightcap, FXCM, Tickmill

11 brokers
04

Mobile apps

ActivTrades, Capital.com, City Index, CMC Markets, FXCM, IG Group, Saxo Bank

7 brokers
05

cTrader

Pepperstone, IC Markets, FxPro, BlackBull Markets

4 brokers
06

OANDA Trade

OANDA

1 broker
07

Web Trader

FOREX.com

1 broker
08

FxPro Edge

FxPro

1 broker
09

eToro Platform

eToro

1 broker
10

eToro App

eToro

1 broker
11

Exness Terminal

Exness

1 broker
12

AvaTradeGO

AvaTrade

1 broker
13

WebTrader

AvaTrade

1 broker
14

Plus500 WebTrader

Plus500

1 broker
15

Plus500 App

Plus500

1 broker
16

ActivTrader (proprietary)

ActivTrades

1 broker
17

MetaTrader WebTrader

Admirals (Admiral Markets)

1 broker
18

Admirals proprietary platform

Admirals (Admiral Markets)

1 broker
19

Mobile app

Admirals (Admiral Markets)

1 broker
20

ATFX app

ATFX

1 broker
21

Axi app

Axi

1 broker
22

BlackBull CopyTrader

BlackBull Markets

1 broker
23

Capital.com proprietary web platform

Capital.com

1 broker
24

MT4 (selected entities)

Capital.com

1 broker
25

City Index Web Trader

City Index

1 broker
26

AT Pro

City Index

1 broker
27

Next Generation (proprietary web)

CMC Markets

1 broker
28

TradingView (selected regions)

CMC Markets

1 broker
29

DecodeFX App

Decode Global

1 broker
30

DecodeFX Web

Decode Global

1 broker
31

FBS Trader app

FBS

1 broker
32

Trading Station

FXCM

1 broker
33

Capitalise.ai

FXCM

1 broker
34

Proprietary web platform

IG Group

1 broker
35

ProRealTime

IG Group

1 broker
36

L2 Dealer

IG Group

1 broker
37

IUX web platform

IUX (IUX Markets)

1 broker
38

IUX mobile app

IUX (IUX Markets)

1 broker
39

SaxoTraderGO

Saxo Bank

1 broker
40

SaxoTraderPRO

Saxo Bank

1 broker
41

SaxoInvestor

Saxo Bank

1 broker
42

CFXD/Advanced Trader

Swissquote

1 broker
43

Swissquote web and mobile

Swissquote

1 broker
44

Tickmill Trader

Tickmill

1 broker
45

IRESS

TMGM

1 broker
46

XS mobile app

XS.com

1 broker
47

xStation 5 (proprietary web/desktop)

XTB

1 broker
48

xStation Mobile

XTB

1 broker