Explore 61 forex brokers in one comparison. Check regulation, deposit requirements, leverage, and spreads to narrow your options before opening an account.
Forex Brokers List 61 Brokers Compared by Regulation, Deposit, Leverage and Spreads
Quick Summary
Choosing a forex broker starts with knowing what’s out there. This directory compares 61 forex brokers, from XM Group and 4T through to CFI Financial Group, on the details that matter most: who regulates them, how much you need to start, maximum leverage, execution model, typical EUR/USD spread and supported platforms. Alongside the full table, you’ll find key takeaways from the data — including which brokers are unregulated — and a quick checklist to help you narrow down your shortlist.
There are hundreds of forex brokers competing for traders’ attention, and many look almost identical on the surface. A side-by-side list cuts through the marketing and lets you compare brokers on hard facts.
This is Part 1 of our forex brokers directory, covering 61 brokers alphabetically from A to C. Each entry shows the trading entity and regulator listed in the source data, which is often the broker’s international (and sometimes offshore) entity.
Key Takeaways From the List
| Insight | What the Data Shows |
|---|---|
| Brokers compared | 61 (A to C) |
| Unregulated entities | 13 brokers list no regulator |
| Tier-1 regulated entities (FCA, ASIC, CySEC, FMA) | 10 brokers |
| Minimum deposit of $10 or less | 16 brokers (some from just $1) |
| Maximum leverage of 1:1,000 or higher | 16 brokers |
| Most common execution model | Market Maker (37), then STP (22) and DMA (2) |
| Most common platforms | MT5 (43 brokers) and MT4 (40 brokers) |
| Most common broker locations | Seychelles (10), Mauritius (10), St. Vincent & the Grenadines (7) |
| Oldest broker in the list | BMFN (founded 1988) |
How to Read This List
- Regulator: The licence of the entity listed. Many big brands also hold tier-1 licences through other group companies.
- Min. deposit: The lowest deposit for the account type shown.
- Max leverage: The highest leverage offered by that entity. Higher leverage means higher risk.
- Model: MM = Market Maker, STP = Straight Through Processing, DMA = Direct Market Access.
- EUR/USD: Typical spread in pips for the account type shown. Raw-spread accounts usually add a commission.
The Full Forex Brokers List
| Broker | Est. | Regulator (Country) | Min. Dep. | Max Lev. | Model | EUR/USD | Platforms |
|---|---|---|---|---|---|---|---|
| XM Group | 2009 | CySEC, FSC, DFSA, CMA, FSCA, FSA + (Cyprus) | $5 | 1:1,000 | MM | 0.6 | MT4, MT5 |
| 4T | 2020 | FSA (Seychelles) | $100 | 1:300 | MM | 1.0 | MT4, MT5, 4Trader |
| 4XC | 2018 | FSC Cook Islands (Cook Islands) | $50 | 1:500 | STP | 1.0 | MT4, MT5 |
| AAAFx | 2007 | HCMC (Greece) | $100 | 1:500 | STP | 0.6 | MT4, MT5 |
| AAATrade | 2014 | CySEC (Cyprus) | $25 | 1:500 | MM | 1.5 | MT5, AAATrader Web |
| AccentForex | 2010 | VFSC (Vanuatu) | $50 | 1:200 | STP | 0.1 | MT4 |
| ACCM | 2007 | VFSC (Vanuatu) | $500 | 1:800 | MM | 0.0 | MT4, MT5 |
| AccuIndex | 2016 | CySEC (Cyprus) | $100 | 1:400 | MM | 0.4 | MT5 |
| Acetop | 2011 | SCB (Bahamas) | $100 | 1:100 | STP | 2.0 | MT4 |
| ActivTrades | 2001 | FSC (Mauritius) | £10 | 1:200 | MM | 0.5 | MT4, MT5, ActivTrader |
| ACY Securities | 2018 | ASIC (Australia) | $50 | 1:5,000 | STP | 2.0 | MT4, MT5, ACY Trading |
| Admirals | 2001 | FSA (Seychelles) | $25 | 1:100 | STP | 1.2 | MT5, StereoTrader |
| ADSS | 2011 | SCA (UAE) | $100 | 1:500 | MM | 1.6 | MT4 |
| Advanced Markets | 2006 | FCA (UK) | $5,000 | 1:500 | DMA | 0.8 | MT4, MT5, Fortex, VertexFX |
| AETOS | 2007 | ASIC (Australia) | $250 | 1:400 | MM | 0.9 | MT4, MT5 |
| Afterprime | 2023 | FSA (Seychelles) | $1 | 1:200 | STP | 0.2 | MT4, MT5, TraderEvolution |
| AIMS | 2015 | LFSA (Malaysia) | $50 | 1:400 | MM | 1.5 | MT4, MT5 |
| Alchemy Markets | 2018 | FSA (Seychelles) | $1,000 | 1:500 | STP | 1.0 | MT5 |
| Alfa Financial | 1993 | SCA (UAE) | $1,000 | 1:100 | MM | 3.0 | AX1 Trader, MT4 |
| Alfa Financials | 2016 | FSCA (South Africa) | $1,000 | 1:100 | MM | 0.0 | Alfa Trader |
| Alpari | 1998 | MISA (Comoros) | $100 | 1:1,000 | MM | 0.3 | MT4, MT5 |
| Amana Capital | 2010 | LFSA (Malaysia) | $50 | 1:100 | MM | 1.4 | MT4, MT5 |
| AMarkets | 2007 | FSC Cook Islands (Cook Islands) | $100 | 1:3,000 | MM | 1.3 | MT4, MT5 |
| Anzo Capital | 2016 | FSC (Belize) | $100 | 1:1,000 | STP | 1.8 | MT4, MT5 |
| Apex Markets | 2021 | Not regulated | $100 | 1:500 | STP | 0.0 | MT5 |
| Aron Groups | 2019 | Not regulated | $1 | 1:1,000 | MM | 0.0 | MT5 |
| AssetsFX | 2013 | Not regulated | $10 | 1:1,000 | MM | 1.0 | MT4, MT5 |
| ATC Brokers | 2005 | CIMA (Cayman Islands) | $2,000 | 1:100 | MM | 0.3 | MT4 |
| ATFX | 2020 | FSC (Mauritius) | $100 | 1:400 | STP | 1.8 | MT4, MT5 |
| AvaTrade | 2006 | FSC (BVI) | $100 | 1:400 | MM | 0.9 | MT4, MT5, AvaTradeGO |
| AVFX Capital | 2018 | Not regulated | $500 | 1:500 | MM | 1.1 | MT4, MT5 |
| Axi | 2007 | Not regulated* | $5 | 1:1,000 | MM | 0.6 | MT4, MT5 |
| Axiance | 2016 | FSA (Seychelles) | $100 | 1:500 | MM | 1.2 | MT4, MT5 |
| Axiory | 2011 | FSC (Belize) | $200 | 1:400 | MM | 1.3 | MT4, MT5, cTrader |
| AZAforex | 2016 | Not regulated | $1 | 1:1,000 | STP | 1.0 | Mobius Trader 7 |
| B.I.C. Markets | 2017 | SERC (Cambodia) | $100 | 1:100 | STP | 2.0 | MT4, WebTrader |
| Baazex | 2018 | FSA (Seychelles) | $100 | 1:400 | STP | 1.4 | MT5 |
| Banxso | 2021 | Not regulated | $300 | 1:200 | STP | 1.6 | BanxsoX |
| BAXIA | 2020 | FSA (Seychelles) | $10 | 1:1,000 | STP | 1.0 | MT4, MT5 |
| BAXTER-FX | 2012 | ASIC (Australia) | $50,000 | 1:100 | DMA | 0.0 | Currenex, Hotspot, FxAll |
| BDSwiss | 2012 | FSA (Seychelles) | $10 | 1:2,000 | STP | 1.3 | MT4, MT5 |
| BelleoFX | 2020 | FSC (Mauritius) | $50 | 1:500 | MM | 1.2 | MT5 |
| BlackBull Markets | 2013 | FMA (New Zealand) | $1 | 1:500 | STP | 0.8 | MT4, MT5 |
| Blackridge Capital | 2018 | Not regulated | $10 | 1:500 | MM | 1.8 | MT4, MT5 |
| Blackwell Global | 2010 | SCB (Bahamas) | $1 | 1:200 | STP | 0.8 | MT5 |
| Blaze Markets | 2023 | Not regulated | $100 | 1:200 | MM | 1.0 | MT4 |
| Blue Suisse | 2013 | MFSA (Malta) | $500 | 1:30 | STP | 1.5 | MT4, MT5, TradeMaster |
| Blueberry | 2015 | ASIC (Australia) | $1 | 1:500 | MM | 1.0 | MT4, MT5, TradingView |
| BMFN | 1988 | VFSC (Vanuatu) | $50 | 1:200 | STP | 1.4 | MT4, UniTrader |
| BoForex | 2014 | Not regulated | $100 | 1:2,000 | MM | 2.0 | MT4, MT5 |
| Bold Prime | 2020 | FSC (Mauritius) | $15 | 1:2,000 | MM | 1.5 | MT4, MT5 |
| BrightWin Securities | 2014 | Not regulated | $200 | 1:100 | MM | — | MT5 |
| CA Markets | 2015 | VFSC (Vanuatu) | $20 | 1:500 | MM | 1.5 | MT5 |
| CAPEX | 2016 | FSA (Seychelles) | $100 | 1:300 | MM | 1.4 | WebTrader, TradingView |
| Capital Street FX | 2014 | FSC (Mauritius) | $100 | 1:10,000 | MM | 1.0 | Fortex, ActTrader |
| Capital.com | 2017 | CySEC (Cyprus) | $20 | 1:30 | MM | 0.6 | MT4, Web Platform |
| CapitalBear | 2021 | Not regulated | $10 | 1:500 | MM | 2.0 | CapitalBear Platform |
| Capitalcore | 2017 | Not regulated | $10 | 1:2,000 | MM | 1.5 | Classic Platform |
| Capitalix | 2020 | FSA (Seychelles) | $250 | 1:200 | STP | 0.5 | Capitalix |
| CapitalXtend | 2005 | FSC (Mauritius) | $12 | 1:5,000 | MM | 2.0 | MT4, MT5 |
| CFI Financial Group | 1998 | FSC (Mauritius) | $1 | 1:500 | MM | 1.1 | MT5, cTrader |
*Axi’s listed international entity is in St. Vincent & the Grenadines; the Axi group also holds licences with tier-1 regulators such as the FCA and ASIC through other entities. The same applies to several other global brands — always check which entity will hold your account.
The Most Popular Brokers in the List
Seven brokers in this section are rated as having high popularity among traders:
| Broker | Founded | Min. Deposit | Max Leverage | Platforms |
|---|---|---|---|---|
| XM Group | 2009 | $5 | 1:1,000 | MT4, MT5 |
| 4T | 2020 | $100 | 1:300 | MT4, MT5, 4Trader |
| AAATrade | 2014 | $25 | 1:500 | MT5, AAATrader Web |
| Admirals | 2001 | $25 | 1:100 | MT5, StereoTrader |
| AvaTrade | 2006 | $100 | 1:400 | MT4, MT5, AvaTradeGO |
| Axi | 2007 | $5 | 1:1,000 | MT4, MT5 |
| Capital.com | 2017 | $20 | 1:30 | MT4, Web Platform |
Brokers With Tier-1 Regulated Entities
These brokers list an entity overseen by a top-tier regulator, which generally means stricter rules on capital, client money and conduct:
| Broker | Regulator | Min. Deposit | Max Leverage |
|---|---|---|---|
| XM Group | CySEC (+ others) | $5 | 1:1,000 |
| AAATrade | CySEC | $25 | 1:500 |
| AccuIndex | CySEC | $100 | 1:400 |
| Capital.com | CySEC | $20 | 1:30 |
| Advanced Markets | FCA | $5,000 | 1:500 |
| ACY Securities | ASIC | $50 | 1:5,000 |
| AETOS | ASIC | $250 | 1:400 |
| Blueberry | ASIC | $1 | 1:500 |
| BAXTER-FX | ASIC | $50,000 | 1:100 |
| BlackBull Markets | FMA (New Zealand) | $1 | 1:500 |
Unregulated Brokers in This List
The following brokers list no regulator for the entity shown. Trading with an unregulated broker means little or no protection if something goes wrong:
| Broker | Country | Max Leverage |
|---|---|---|
| Apex Markets | St. Vincent & the Grenadines | 1:500 |
| Aron Groups | Marshall Islands | 1:1,000 |
| AssetsFX | Mauritius | 1:1,000 |
| AVFX Capital | St. Vincent & the Grenadines | 1:500 |
| Axi* | St. Vincent & the Grenadines | 1:1,000 |
| AZAforex | Marshall Islands | 1:1,000 |
| Banxso | Mauritius | 1:200 |
| Blackridge Capital | St. Vincent & the Grenadines | 1:500 |
| Blaze Markets | St. Vincent & the Grenadines | 1:200 |
| BoForex | St. Vincent & the Grenadines | 1:2,000 |
| BrightWin Securities | Mauritius | 1:100 |
| CapitalBear | Nevis | 1:500 |
| Capitalcore | St. Vincent & the Grenadines | 1:2,000 |
A Warning About Extreme Leverage
Some brokers in this list advertise leverage of 1:2,000, 1:5,000 or even 1:10,000. At 1:1,000, a price move of just 0.1% against you can wipe out your entire margin on a position. Extreme leverage is usually offered by offshore entities and is one of the fastest ways for new traders to lose money.
Lowest Minimum Deposits
If you want to start small, these brokers accept deposits from $1:
- Afterprime — $1 (FSA Seychelles)
- BlackBull Markets — $1 (FMA New Zealand)
- Blackwell Global — $1 (SCB Bahamas)
- Blueberry — $1 (ASIC Australia)
- CFI Financial Group — $1 (FSC Mauritius)
- Aron Groups and AZAforex — $1 (both unregulated)
Of these, Blueberry and BlackBull Markets stand out for combining a $1 minimum with a top-tier regulated entity.
Tightest Typical EUR/USD Spreads
| Broker | Typical EUR/USD | Model | Regulator |
|---|---|---|---|
| ACCM | 0.0 | MM | VFSC |
| Alfa Financials | 0.0 | MM | FSCA |
| BAXTER-FX | 0.0 | DMA | ASIC |
| AccentForex | 0.1 | STP | VFSC |
| Afterprime | 0.2 | STP | FSA |
| Alpari | 0.3 | MM | MISA |
| ATC Brokers | 0.3 | MM | CIMA |
Raw-spread accounts usually charge a separate commission, so always compare the total cost per trade.
Understanding Execution Models
| Model | How It Works | Brokers in This List |
|---|---|---|
| Market Maker (MM) | The broker sets prices and often takes the other side of your trade | 37 |
| STP | Orders are passed straight through to liquidity providers | 22 |
| DMA | Direct access to the market’s order book, usually for professionals | 2 (Advanced Markets, BAXTER-FX) |
Platform Availability
MetaTrader dominates: 43 brokers in this list support MT5 and 40 support MT4. Fewer offer alternatives — Axiory and CFI Financial Group support cTrader, while Blueberry and CAPEX offer TradingView. A handful, such as Capital.com, CAPEX and Banxso, focus on their own proprietary platforms.
How to Shortlist a Broker From This List
- Start with regulation: Prefer brokers with an entity regulated by the FCA, ASIC, CySEC or a similar authority.
- Check which entity you’ll join: Your protection depends on the specific company that opens your account.
- Match the minimum deposit to your budget: Plenty of options start at $10 or less.
- Choose sensible leverage: Lower leverage limits how fast losses can grow.
- Compare total costs: Look at spread plus commission, not spread alone.
- Test the platform: Open a demo account before depositing.
Frequently Asked Questions
How many brokers are in this list?
This first part covers 61 forex brokers, listed alphabetically from A to C.
How many brokers in the list are unregulated?
13 brokers list no regulator for the entity shown, mostly based in St. Vincent & the Grenadines, the Marshall Islands and Mauritius.
Which brokers have the lowest minimum deposit?
Afterprime, BlackBull Markets, Blackwell Global, Blueberry, CFI Financial Group, Aron Groups and AZAforex all accept deposits from $1.
Which brokers in the list are tier-1 regulated?
XM Group, AAATrade, AccuIndex and Capital.com (CySEC), Advanced Markets (FCA), ACY Securities, AETOS, Blueberry and BAXTER-FX (ASIC), and BlackBull Markets (FMA).
What is the most common trading platform?
MetaTrader 5, supported by 43 of the 61 brokers, closely followed by MetaTrader 4 with 40.
Is high leverage a good thing?
Not for most traders. High leverage magnifies losses as well as gains, and extreme leverage is mostly offered by offshore entities.
Final Thoughts
A broker list is the best place to start your search, but not the place to finish it. Use this directory to narrow your options by regulation, deposit and leverage, then dig deeper into the brokers that fit your needs.
For safety-first traders, brokers with tier-1 regulated entities such as XM Group, Capital.com, Blueberry and BlackBull Markets are a sensible starting point. Whatever you choose, verify the licence yourself, start small and never trade with money you can’t afford to lose.
Risk Warning
Forex and CFD trading with leverage carries a high risk of losing money rapidly. Broker conditions, regulators and offers change frequently and may differ by country and entity. This list is for information only and is not a recommendation or financial advice. Always verify details directly with the broker and the relevant regulator.
