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FXSpreadMeterFXSpreadMeter

Broker intelligence engine

Measure the Market.
Compare the Brokers.
Trade Smarter.

FXSpreadMeter gives traders a smarter way to compare forex brokers, trading costs, platforms, regulation and trading conditions.

What are you looking for?

Precision Trading for Modern Markets

Broker spreads, verified regulation and platform intelligence in one place.

FXSpreadMeter trading app showing a live EUR/USD quote, candlestick chart and market sentiment

Research at a glance

10
Brokers Tracked

Reviewed regularly

6
Countries Covered

Global reach

19
Platforms Reviewed

MT4, MT5, cTrader & more

17
Market Categories Monitored

Forex, Stocks, Indices, Crypto

0.8
Avg. Spreads (pips)

Across major pairs

1 min ago
Last Data Update

Real-time intelligence

Spread Meter™

Trading costs made transparent

Compare real spreads, commissions and trading conditions from leading brokers.

Verified data

Official sources

Dated samples

Each row shows its date

Independent

Unbiased comparisons

Tightest verified spread

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More brokers+ others

Published spreads are indicative and may vary by account type, entity and market conditions. Commission may apply.

Ranking engine

Composite scores across regulation, trading costs, platforms, accounts, markets, tools and support. The order is data-driven — no broker can buy a position.

All Brokers
#01FP Markets logo

FP Markets

Top rated

FP Markets pairs raw-spread FX pricing with direct-market-access share dealing, so cost-sensitive traders and multi-asset investors can work from one account group. Five platform choices, ASIC oversight and a $100 entry point make it our strongest all-round pick this quarter.

Trading costs9.0
Platforms9.2
Regulation8.5
Trading tools9.2
ASICVerified 15 August 2026
8.7/ 10

FXSpreadMeter score

How we score brokers →

Pricing by account type

  • Standard·From 1.0 pipsCommission $0
  • ECN(Raw)·From 0.0 pipsCommission AU$3.50/side (AUD acct) or US$3.00/side (USD acct)
#02IC Markets logo

IC Markets

IC Markets is built around cheap execution rather than hand-holding. If you already know how you want to trade and value platform choice, the Raw Spread tier is one of the more compelling cost structures available. Read the entity disclosure carefully: the leverage headline you see may come from the offshore arm rather than the ASIC-regulated one.

Trading costs9.4
Platforms9.5
Regulation8.8
Trading tools9.5
ASICFSA (Seychelles)Structured data
8.9/ 10

FXSpreadMeter score

How we score brokers →

Pricing by account type

  • Standard·From 0.1 pipsCommission $0
  • ECN(Raw Spread (MT4/5))·From 0.0 pipsCommission US$3.50/lot/side
#03XM Group logo

XM Group

XM is a sensible starting point rather than a cost leader. The tiny minimum deposit, deep education library and responsive support suit traders still finding their footing; once volume grows, the Standard account's spread-only pricing starts to look expensive next to raw-spread rivals.

Trading costs8.3
Platforms8.5
Regulation8.2
Trading tools8.5
ASICDFSACMAStructured data
8.7/ 10

FXSpreadMeter score

How we score brokers →

Pricing by account type

  • Standard·From 1.6 pipsCommission $0
  • ECN(Zero)·From 0.0 pipsCommission Not provided

Forex Market Hours

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  • Sydney

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  • Tokyo

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  • London

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  • New York

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Session times follow each exchange's local trading hours and adjust automatically for daylight saving. Weekends are closed.

Sydney07:00 – 16:00
Tokyo09:00 – 18:00
London08:00 – 16:30
New York08:00 – 17:00

Live view of active trading sessions across major financial centers.

Upcoming economic events

Demo / sample data
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View full economic calendar

Times shown in your local timezone. Educational information only — not a trading signal.

Market data

Most Traded Forex Pairs

Track the world's most actively traded currency pairs at a glance.

Market data

Live Forex Quotes

Track major currency pairs, daily movement and current bid/ask pricing.

Sync pair

Converter preselected on EUR → USD.

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Market data is provided by the third-party data provider and may be delayed or subject to the provider's terms. FXSpreadMeter does not guarantee the accuracy or completeness of third-party market data.

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Exchange rates

Rates updated daily (ECB reference rates)

EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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USD/CHF
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USD/CAD
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NZD/USD
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EUR/GBP
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XAU/USD (gold) is not covered by this feed — live gold price coming soon.

Trading calculators

Pip value, position size, margin, spread and total cost — all using the same rate data shown here.

All calculators

Live markets

Gold Price Chart

Real-time XAU/USD price action from MetalCharts. Track gold as a proxy for market sentiment and safe-haven flows.

Find My Broker

A broker-matching engine, not a lead form.

Your answers run through a weighted suitability model: eligibility 30%, preferences 25%, trading conditions 20%, leverage 10%, markets 5% and broker quality 10%. No paid placement enters the score.

  1. 1Location
  2. 2Experience
  3. 3Trading style
  4. 4Priorities
  5. 5Platforms
  6. 6Budget
  7. 7Leverage
  8. 8Account
  9. 9Markets
  10. 10Features

Educational information only — not investment advice or a personal recommendation. CFDs and leveraged forex carry a high risk of rapid loss.

Step 1 / 10

Where do you live?

Your country of residence decides which broker entity can onboard you and which leverage limits apply.

Region

Regulation

Understand who protects you

Licence quality changes everything: leverage caps, client-money rules and compensation limits. Reference guides for each major authority.

  • FCA
  • ASIC
  • FSCA
  • DFSA

Education

Learn before you fund

Structured lessons on market mechanics, strategy design, risk control and platform fluency — written to be read once and used for years.

  • · Forex basics
  • · Trading strategies
  • · Risk management
  • · Technical analysis
  • · Fundamental analysis
  • · Choosing a broker

FXSpreadMeter Ratings

Top Rated Forex Brokers 2026

Compare highly rated brokers across trading costs, platforms, regulation and overall conditions.

FP Markets logo

Rank #1

FP Markets

Rating

8.8 / 10

Best for
Shares and FX in one place
Why it ranks here
FP Markets pairs raw-spread FX pricing with direct-market-access share dealing, so cost-sensitive traders and multi-asset investors can work from one account group. Five platform choices, ASIC oversight and a $100 entry point make it our strongest all-round pick this quarter.
IC Markets logo

Rank #2

IC Markets

Rating

9.4 / 10

Best for
Raw-spread trading
Why it ranks here
IC Markets is built around cheap execution rather than hand-holding. If you already know how you want to trade and value platform choice, the Raw Spread tier is one of the more compelling cost structures available. Read the entity disclosure carefully: the leverage headline you see may come from the offshore arm rather than the ASIC-regulated one.
XM Group logo

Rank #3

XM Group

Rating

8.6 / 10

Best for
New traders
Why it ranks here
XM is a sensible starting point rather than a cost leader. The tiny minimum deposit, deep education library and responsive support suit traders still finding their footing; once volume grows, the Standard account's spread-only pricing starts to look expensive next to raw-spread rivals.
eToro logo

Rank #4

eToro

Rating

8.4 / 10

Best for
Copy trading
Why it ranks here
eToro trades execution cost for accessibility. The social layer and multi-asset account are genuinely useful if you want to follow others or hold equities alongside FX, but active intraday traders will feel the spread and miss MetaTrader.
XTB logo

Rank #5

XTB

Rating

8.8 / 10

Best for
Traders who prefer a single proprietary platform
Why it ranks here
XTB is a listed international broker running its own xStation platform, with a research and education layer that suits traders who prefer one integrated interface.
Capital.com logo

Rank #6

Capital.com

Rating

8.4 / 10

Best for
Newer CFD traders who want guided tools
Why it ranks here
Capital.com combines a clean proprietary platform with MT4 access and an in-app learning layer aimed at newer CFD traders.

Affiliate disclosure: FXSpreadMeter may receive compensation from some broker partners when users register through links on our website. This does not guarantee a broker's suitability or performance. Trading involves significant risk.