Skip to content
SW Spreadwise
Independent broker comparison

The independent guide to forex brokers

Spreadwise is an independent guide to forex and CFD brokers across Europe and the UK — ESMA-regulation literacy, register-checked reviews and honest cost and spread transparency. We are not a broker and do not provide investment advice.

6
brokers reviewed
7
markets covered
  • Independent Brokers can't pay for ranking
  • Regulation-checked Every licence verified on a register
  • No fabricated data Spreads & ratings only when verified

Start here

Which broker is right for you?

Compare

Forex brokers at a glance

Independently selected and regulation-checked. We do not publish star ratings until a hands-on review is complete.

XTB Est. 2002
Regulation
KNFCySECFCA
Platforms
xStation 5
Pepperstone Est. 2010
Regulation
FCACySECBaFin
Platforms
MT4 · MT5 · cTrader
IG Est. 1974
Regulation
FCABaFin
Platforms
IG platform · MT4 · ProRealTime
eToro Est. 2007
Regulation
CySECFCAASIC
Platforms
eToro platform
Saxo Est. 1992
Regulation
DFSAFCA
Platforms
SaxoTraderGO · SaxoTraderPRO
CMC Markets Est. 1989
Regulation
FCABaFin
Platforms
Next Generation · MT4

Reviews

Featured brokers

XTB

Est. 2002 · XTB Partners

KNFPolandCySECCyprusFCAUnited Kingdom

Founded in 2002 and listed on the Warsaw Stock Exchange, XTB is a multi-regulated broker (KNF, CySEC, FCA) running its own xStation 5 platform. Verify the entity that serves your country on the relevant register before depositing.

Platforms: xStation 5

Pepperstone

Est. 2010 · Pepperstone Partners

FCAUnited KingdomCySECCyprusBaFinGermanyASICAustralia

Founded in 2010, Pepperstone is a multi-regulated broker (FCA, CySEC, BaFin, ASIC) with one of the widest platform line-ups — MT4, MT5, cTrader and TradingView. Confirm the licensed entity that serves your country before depositing.

Platforms: MT4 · MT5 · cTrader · TradingView

IG

Est. 1974 · IG Marketing Partnership

FCAUnited KingdomBaFinGermany

Founded in 1974, IG is one of the longest-established CFD providers, regulated by the FCA in the UK and BaFin in Germany. It offers its own platform alongside MT4 and ProRealTime. Verify the serving entity on the relevant register before depositing.

Platforms: IG platform · MT4 · ProRealTime

eToro

Est. 2007 · eToro Partners

CySECCyprusFCAUnited KingdomASICAustralia

Founded in 2007, eToro is a multi-regulated broker (CySEC, FCA, ASIC) known for its single proprietary social-trading platform. The entity and protections that apply depend on your country — confirm on the relevant register before depositing.

Platforms: eToro platform

Saxo

Est. 1992 · Saxo partner programme

DFSADenmarkFCAUnited Kingdom

Founded in 1992, Saxo Bank is a regulated investment bank (DFSA in Denmark, FCA in the UK) running its own SaxoTraderGO and SaxoTraderPRO platforms. Confirm the entity that serves your country on the relevant register before depositing.

Platforms: SaxoTraderGO · SaxoTraderPRO

CMC Markets

Est. 1989 · CMC partner programme

FCAUnited KingdomBaFinGermany

Founded in 1989, CMC Markets is a long-established, FCA- and BaFin-regulated CFD provider running its own Next Generation platform alongside MT4. Verify the licensed entity that serves your country before depositing.

Platforms: Next Generation · MT4

By country

Browse by market