BrokaBoyBrokaBoy

Find the right
broker. Skip
the sales pitch.

8.0
avg BrokaBoy score
48
brokers
21
regulators
499.5K
Trustpilot reviews tracked
Detecting your region…
Explorer scouting the market with a telescope
01 / leaderboard

Top rated
brokers

Ranked by BrokaBoy score. See our methodology.

Scout holding a trophy for the top rated broker
02 / spread scan

Lowest advertised
spreads.

Advertised minimum spreads side by side, so you can compare before you deposit.

advertised minimum spread
Scout measuring a broker spread with a caliper
HFM
BrokaBoy 9.7/10 · Trustpilot 4.3 (2,948 reviews) · est. 2010
spread from
0.0 pips

HFM, previously branded HotForex, has operated since 2010 and serves clients across Africa, Asia, Europe and the Middle East through several regulated entities. The broker offers MT4 and MT5 with a broad instrument list, micro accounts for smaller balances and an established copy-trading programme. Conditions and investor protection vary by the entity you sign up with.

platforms
MT4, MT5, HFM App
instruments
Forex, Metals, Indices
accounts
Cent, Micro
regulation
FCA · CySEC · DFSA · FSCA · CMA · FSA
min $01:2000 (entity dependent)FCA4 platforms
CMC Markets
BrokaBoy 9.3/10 · Trustpilot 4.2 (3,386 reviews) · est. 1989
spread from
0.0 pips

Advanced charts, LSE-listed

platforms
Next Generation, MetaTrader 4
instruments
CFDs, Forex, Indices
accounts
CFD, Professional
regulation
FCA · ASIC · BaFin · MAS
min $01:30FCA
Pepperstone
BrokaBoy 9.2/10 · Trustpilot 4.2 (3,580 reviews) · est. 2010
spread from
0.0 pips

Award-winning execution speed

platforms
MetaTrader 4, MetaTrader 5
instruments
Forex, CFDs, Indices
accounts
Standard, Razor
regulation
FCA · ASIC · CySEC · DFSA · SCB · BaFin · CMA
min $101:400FCA
03 / the trail

Starting out?
Follow the trail.

Low minimums, clean platforms and education that actually teaches. Four stops, in order.

Scout with a compass pointing beginners to the right broker
  1. 1

    HFM

    Multi-regulated broker formerly trading as HotForex

    9.7/10

    HFM, previously branded HotForex, has operated since 2010 and serves clients across Africa, Asia, Europe and the Middle East through several regulated entities. The broker offers MT4 and MT5 with a broad instrument list, micro accounts for smaller balances and an established copy-trading programme. Conditions and investor protection vary by the entity you sign up with.

    min deposit
    $0
    spread
    0.0 pips
    leverage
    1:2000 (entity dependent)
  2. 2

    CMC Markets

    Advanced charts, LSE-listed

    9.3/10

    CMC Markets delivers a professional-grade proprietary platform with 12,000+ instruments and some of the best charting in the industry. LSE-listed and FCA-regulated.

    min deposit
    $0
    spread
    0.0 pips
    leverage
    1:30
  3. 3

    Pepperstone

    Award-winning execution speed

    9.2/10

    Pepperstone combines razor-thin spreads with lightning-fast execution across MT4, MT5 and cTrader. Regulated across seven jurisdictions with strong client fund protection.

    min deposit
    $10
    spread
    0.0 pips
    leverage
    1:400
  4. 4

    Axi

    Australian MT4 specialist with a strong copy-trading offer

    9.1/10

    Axi, formerly AxiTrader, has traded since 2007 and is an Australian-based broker focused heavily on MT4 with a strong copy-trading and social product. The broker offers no minimum deposit on standard accounts and raw pricing on its Pro tier. Retail leverage is restricted under its Australian and UK licences and higher on offshore entities.

    min deposit
    $100
    spread
    0.0 pips
    leverage
    1:1000 (entity dependent)
04 / spec sheet

Featured partners

Scout checking broker specifications on a clipboard

Brokers we have commercial partnerships with. Placement here is paid and does not change their score.

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XM
FP Markets
XTB
Pepperstone
BrokaBoy score
8.0/10
8.6/10
8.1/10
9.2/10
min deposit
$5
$100
$0
$10
spread from
0.6
0.0 pips
0.5 pips
0.0 pips
max leverage
1:1000 (equity dependent)
1:500
1:500
1:400
regulation
CySEC · ASIC
ASIC · CySEC
FCA · CySEC
FCA · ASIC
platform
MetaTrader 4
MetaTrader 4
xStation 5
MetaTrader 4
founded
2009
2005
2002
2010
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05 / safety check

Check the licence
details first.

We list each broker's licences and link to the regulator so you can check protections yourself.

Scout guarding the marketplace with a shield
Regulators we track
Australian Securities & Investments Commission logo
ASIC
Australian Securities & Investments Commission
Australia
U.S. Securities and Exchange Commission / FINRA logo
SEC
U.S. Securities and Exchange Commission / FINRA
United States
Financial Conduct Authority logo
FCA
Financial Conduct Authority
United Kingdom
National Futures Association logo
NFA
National Futures Association
United States
Federal Financial Supervisory Authority logo
BaFin
Federal Financial Supervisory Authority
Germany
Monetary Authority of Singapore logo
MAS
Monetary Authority of Singapore
Singapore
More regulators - view the full regulator guide(+15)

Segregated funds

Segregation rules depend on the regulator and the broker entity. Check our regulator guide for the protections that apply.

Open methodology

How we score is published on our methodology page.