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IC Markets logoIC Markets - spread from 0.0 · min $200 · ★ 4.8Pepperstone logoPepperstone - spread from 0.1 · min $0 · ★ 4.7CMC Markets logoCMC Markets - spread from 0.3 · min $0 · ★ 4.7FP Markets logoFP Markets - spread from 0.0 · min $100 · ★ 4.6Tickmill logoTickmill - spread from 0.0 · min $100 · ★ 4.6XTB logoXTB - spread from 0.5 · min $0 · ★ 4.6OANDA logoOANDA - spread from 0.4 · min $0 · ★ 4.5FxPro logoFxPro - spread from 0.3 · min $100 · ★ 4.5AvaTrade logoAvaTrade - spread from 0.9 · min $100 · ★ 4.4eToro logoeToro - spread from 1.0 · min $50 · ★ 4.4Plus500 logoPlus500 - spread from 0.6 · min $100 · ★ 4.3XM logoXM - spread from 0.6 · min $5 · ★ 4.2IC Markets logoIC Markets - spread from 0.0 · min $200 · ★ 4.8Pepperstone logoPepperstone - spread from 0.1 · min $0 · ★ 4.7CMC Markets logoCMC Markets - spread from 0.3 · min $0 · ★ 4.7FP Markets logoFP Markets - spread from 0.0 · min $100 · ★ 4.6Tickmill logoTickmill - spread from 0.0 · min $100 · ★ 4.6XTB logoXTB - spread from 0.5 · min $0 · ★ 4.6OANDA logoOANDA - spread from 0.4 · min $0 · ★ 4.5FxPro logoFxPro - spread from 0.3 · min $100 · ★ 4.5AvaTrade logoAvaTrade - spread from 0.9 · min $100 · ★ 4.4eToro logoeToro - spread from 1.0 · min $50 · ★ 4.4Plus500 logoPlus500 - spread from 0.6 · min $100 · ★ 4.3XM logoXM - spread from 0.6 · min $5 · ★ 4.2

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4.62
avg index
12
brokers
10
regulators
32K
reviews
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01 / leaderboard

Top rated
brokers

Ranked by combined editorial and user score this quarter.

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02 / spread scan

Measured to the
last pip.

We calliper every raw spread on the majors so the difference is visible before you deposit.

live sample · EUR/USD
Scout measuring a broker spread with a caliper
IC Markets
4.8 ★ · 2,431 reviews · est. 2007
spread from
0.0

IC Markets offers institutional-grade liquidity with true ECN pricing. Popular among scalpers and algorithmic traders for its ultra-low spreads and deep order books. Trusted by over 200,000 traders worldwide.

platforms
MetaTrader 4, MetaTrader 5, cTrader
instruments
Forex, CFDs, Stocks
accounts
Standard, Raw Spread
regulation
ASIC · CySEC · FSA
min $2001:500ASIC3 platforms
FP Markets
4.6 ★ · 942 reviews · est. 2005
spread from
0.0

ECN pricing with 10,000+ instruments

platforms
MetaTrader 4, MetaTrader 5
instruments
Forex, Stocks, CFDs
accounts
Standard, Raw
regulation
ASIC · CySEC · FSCA
min $1001:500ASIC
Tickmill
4.6 ★ · 876 reviews · est. 2014
spread from
0.0

Low commissions, no gimmicks

platforms
MetaTrader 4, MetaTrader 5
instruments
Forex, CFDs, Bonds
accounts
Classic, Pro
regulation
FCA · CySEC · FSA · FSCA
min $1001:500FCA
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

    Pepperstone

    Award-winning execution speed

    4.7 ★

    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
    $0
    spread
    0.1
    leverage
    1:400
  2. 2

    CMC Markets

    Advanced charts, LSE-listed

    4.7 ★

    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
    0.3
    leverage
    1:30
  3. 3

    FP Markets

    ECN pricing with 10,000+ instruments

    4.6 ★

    FP Markets pairs true ECN execution with one of the widest instrument catalogues on the market, including 10,000+ share CFDs. A quiet favourite among professionals.

    min deposit
    $100
    spread
    0.0
    leverage
    1:500
  4. 4

    Tickmill

    Low commissions, no gimmicks

    4.6 ★

    Tickmill focuses on the essentials: tight spreads, fair commissions and reliable execution. Popular with cost-conscious traders and EA users.

    min deposit
    $100
    spread
    0.0
    leverage
    1:500
04 / spec sheet

Featured, column
by column.

Scout checking broker specifications on a clipboard

Every stat verified against the broker's live client agreement, not their marketing page.

Custom compare →
IC Markets
Pepperstone
FP Markets
XTB
rating
4.8 ★
4.7 ★
4.6 ★
4.6 ★
min deposit
$200
$0
$100
$0
spread from
0.0
0.1
0.0
0.5
max leverage
1:500
1:400
1:500
1:30
regulation
ASIC · CySEC
FCA · ASIC
ASIC · CySEC
FCA · CySEC
platform
MetaTrader 4
MetaTrader 4
MetaTrader 4
xStation 5
founded
2007
2010
2005
2002
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05 / safety check

Nothing gets past
the safety check.

Segregated client funds, licensing history and execution transparency - verified before a broker enters the marketplace.

Scout guarding the marketplace with a shield
Top-tier regulators only
Australian Securities & Investments Commission logo
ASIC
Australian Securities & Investments Commission
Australia
Central Bank of Ireland logo
CBI
Central Bank of Ireland
Ireland · EU
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(+7)

Segregated funds

Client money held apart from broker capital at tier-1 banks.

Open methodology

Every score traced back to a published, testable criterion.