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FX Sharp
Independent broker reviews Updated 25 Oct 2026

Forex Broker Reviews

, verified against the regulators.

Every license we list is checked on the regulator's own register. Fees, spreads, leverage and platforms are compared on one rubric, re-scanned every 90 days.

See the 2026 ranking Compare all 190 brokers
Brokers reviewed
190
Regulators tracked
105
Re-scan cadence
90 days

Best forex brokers, 2026

Ranked by regulation, license tier, business maturity, software, risk controls and market influence. Click a column to re-sort.

All 173 brokers →

Showing 8 of 40 brokers scored 5.0 or higher · Updated 25 Oct 2026

  1. 01 Interactive Brokers Greenwich, Connecticut, US 9.9/10 SEC FINRA NFA Min $0 · 0.1 pip · 1:30+
  2. 02 Webull New York, US 9.5/10 SEC FINRA FCA Min $0 · — · —
  3. 03 OANDA New York, US 9.4/10 NFA CFTC FCA Min $0 · 0.0 pip · 1:50+
  4. 04 eToro Bnei Brak, IL 9.4/10 FCA ASIC FINRA Min $50 · 1.0 pip · 1:30+
  5. 05 Moomoo Palo Alto, US 9.3/10 SEC FINRA MAS Min $0 · — · 1:2
  6. 06 Charles Schwab Westlake, US 9.2/10 SEC FINRA NFA Min $0 · 1.0 pip · 1:50
  7. 07 Pepperstone Melbourne, AU 8.9/10 ASIC FCA BaFin Min $10 · 0.0 pip · 1:30+
  8. 08 StoneX London, GB 8.9/10 FCA MAS CIRO Min £0 · 0.5 pip · 1:30
No brokers match this filter.

Spreads are the typical EUR/USD spread on the broker's standard account. Leverage is the retail maximum under the strictest regulator listed; "+" means a higher limit is available through another entity. "—" means not offered or not disclosed.

Recently reviewed

New reviews and re-scans, newest first. Low scores are published, not hidden.

Review archive →

Alpha Capital Markets

0.8/10
Reviewed 25 Oct
FCA

Former UK forex broker, FCA authorisation ended and company dissolved in 2022

Min. deposit
—
Spread
—
Leverage
—
Founded
2004

Alpari International

2.5/10
Reviewed 25 Oct
MISA

MT4 and MT5 from $30, with MISA licensing and a current regulator warning

Min. deposit
$30
Spread
0.0 pip
Leverage
1:3000
Founded
1998

AlgoForex

0.2/10
Reviewed 25 Oct
Regulator warning

Unauthorised forex operation with FCA and Bank of Russia warnings

Min. deposit
—
Spread
—
Leverage
—
Founded
—

Alfa-Forex

3.4/10
Reviewed 24 Oct
Bank of Russia

Bank of Russia licensed MT5 forex dealer with no minimum deposit

Min. deposit
₽0
Spread
1.4 pip
Leverage
1:32+
Founded
2016

AETOS

1.4/10
Reviewed 23 Oct
Regulator warning

MT4/MT5 trading with a $250 minimum and unresolved 2025-2026 licence changes

Min. deposit
$250
Spread
—
Leverage
1:200
Founded
2007

Advanced Markets

4.4/10
Reviewed 23 Oct
FCA ASIC

Institutional DMA/STP liquidity with MT4, MT5, Fortex 6 and FIX API

Min. deposit
—
Spread
—
Leverage
1:100
Founded
2006

ADM Investor Services

7.6/10
Reviewed 23 Oct
CFTC NFA FCA

Institutional FX execution with direct API and multi-platform access

Min. deposit
—
Spread
—
Leverage
—
Founded
1966

ACY Securities

3.1/10
Reviewed 22 Oct
ASIC FSCA SVG FSA

MT4, MT5, 2,200+ instruments, $50 entry, and spreads from 0.0 pips

Min. deposit
$50
Spread
0.0 pip
Leverage
1:30+
Founded
2011

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Methodology

How every broker is reviewed

One protocol, applied to all 190 brokers. Sources are cited on every review page, and the rubric is public so a score can be traced back to its inputs.

Full methodology → Data sources → Editorial policy →

  1. Primary-source license verification

    Every claimed license is looked up on the regulator's official public register. We do not use aggregators or the broker's own disclosures as evidence.

  2. Multi-jurisdiction cross-check

    Fifteen-plus registers are scanned (FCA, SEC, ASIC, BaFin, MAS, JFSA and others) alongside public warning lists. Discrepancies are surfaced on the review, not hidden.

  3. Six-dimension scoring

    Regulation, license tier, business maturity, software, risk controls and market influence are scored against a published rubric. No undisclosed formulas.

  4. 90-day re-scan cycle

    Every review carries a visible "last reviewed" date. Brokers are re-scanned on a rolling 90-day schedule; license revocations and new warnings trigger an immediate update.

Latest articles

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25 Oct 2026

Prop Firm Gambling Rule: What Counts as Overleveraging

Prop firm gambling rules can target excessive risk, concentrated exposure, sudden position sizing changes and all in trading behavior. Overleveraging depends on the firm's specific rules, including risk per trade, aggregate exposure, margin usage and drawdown limits.
25 Oct 2026

Prop Firm Lot Size Limits and Max Position Rules

Prop firm lot size limits can apply per order, per symbol, by direction or across total account exposure. Position size should be calculated from risk and stop distance first, then checked against the firm's rules and the platform's technical limits.
25 Oct 2026

Prop Firm Copy Trading Rules: Copying Between Accounts

Prop firm copy trading rules vary by account ownership, trade origin, program stage, copying direction, software, and risk limits. Copying your own trades may be allowed in some programs, while third-party signals, external master accounts, or certain funded account setups may be restricted.