
XM Global#01
Best for beginners and investors who value education
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19 brokerage firms were independently rated based on regulatory strength, actual trading cost, platform support, and withdrawal experience. The same criteria apply to all.
Partnership does not change the rating. The platform is funded by advertising and commission revenues — this income never buys a better score. Brokers with whom we have a commercial relationship are clearly marked on the page.

Best for beginners and investors who value education
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Best for retail investors planning to start with small capital and transition to ECN
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Best for experienced traders seeking high leverage and multiple platforms
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Best for traders who value regulatory breadth and can allocate capital for ECN costs
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Best for traders looking for institutional trust and copy trading
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Best for experienced/algorithmic traders seeking raw spreads and institutional-grade execution
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Best for cost-oriented, active traders
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Best for investors starting with small capital on MT4/MT5 who want fast crypto withdrawals
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Best for experienced investors with high trading volume
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Best for traders who want genuine tier-1 oversight without giving up high-leverage offshore options
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Best for experienced traders looking for strong regulation and a wide range of instruments
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Best for traders who want to trade crypto and forex on a single platform
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Best for beginners looking for fixed spreads and guaranteed risk management tools
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Best for versatile investors who prefer a proprietary platform
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Best for experienced traders seeking high leverage and aware of the risks
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Best for risk-aware investors seeking a low barrier to entry
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Best for experienced investors seeking high leverage who fully accept the risk
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Best for experienced, risk-aware traders who fully accept the risk and want a very low entry threshold
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Best for experienced traders interested in copy trading tools and accepting the risk of an offshore license
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Compare minimum deposit, leverage, regulation, and platform support side by side. You can filter by category.
| Broker | Index | Rating | Min. Deposit | Max. Leverage | Regulation | Platform | |
|---|---|---|---|---|---|---|---|
01 | 9.5 | 4.8 | $5 | 1:1000* | ASIC +3 | MT4 / MT5 / XM App | View → |
02 | 9.2 | 4.5 | $10 | 1:1000* | FSC (Mauritius) +1 | MT4 / MT5 / cTrader / LiteFinance WebTerminal | View → |
03 | 9.1 | 4.4 | $100 | 1:2000* | FCA +3 | MT4 / MT5 / cTrader / FxPro App | View → |
04 | 9.0 | 4.3 | $50 | 1:1000 | ASIC +7 | MT4 / MT5 / MultiBank Plus / WebTrader | View → |
05 | 8.9 | 4.2 | $100 | 1:400* | Central Bank of Ireland +3 | MT4 / MT5 / AvaTradeGO / WebTrader | View → |
06 | 8.9 | 4.2 | $200 | 1:500* | ASIC +2 | MT4 / MT5 / cTrader / TradingView | View → |
07 | 8.5 | 4.5 | $100 | 1:500* | FCA +3 | MT4 / MT5 | View → |
08 | 8.3 | 4.2 | $20 | Unlimited on Standard account* | MISA (Komorlar) +1 | MT4 / MT5 | View → |
09 | 8.2 | 4.3 | $10 | Unlimited* | FCA +3 | MT4 / MT5 / Exness Terminal | View → |
10 | 8.0 | 4.3 | $50 | 1:2000* | ASIC +1 | MT4 / MT5 / WebTrader / FXT App | View → |
11 | 8.0 | 4.4 | $0 | 1:500* | FCA +3 | MT4 / MT5 / ThinkTrader | View → |
12 | 7.5 | 4.5 | $0 | 1:500 | AFSA (Kazakistan) +2 | MT5 / TradingView | View → |
13 | 7.5 | 4.2 | $25 | 1:2000* | CySEC +4 | MT4 / MT5 / easyMarkets App | View → |
14 | 7.0 | 4.0 | $100 | 1:300* | CySEC +1 | Marketsx (Web) / Mobile / MT4 / MT5 | View → |
15 | 5.2 | 3.0 | $10 | 1:2000* | FSC (Mauritius) | MT5 | View → |
16 | 4.5 | 2.8 | $10 | 1:500* | FSC (Mauritius) +1 | MT5 | View → |
17 | 4.5 | 2.0 | From $10* | 1:4000* | FSA (Seychelles) +1 | MT4 / MT5 | View → |
18 | 3.8 | 1.8 | $1 | 1:2000* | FSCA +1 | MT4 / MT5 / cTrader | View → |
19 | 5.0 | 3.2 | $50 | 1:500* | FSC (Cook Islands) | MT4 / MT5 / WebTrader | View → |
Brokers suitable for taking the first step into forex with a low minimum investment and a simple account opening process.
4 broker →Brokers that prioritize transaction costs with pricing close to raw spread and a transparent commission structure.
5 broker →Brokers offering higher leverage options for active and experienced investors.
7 broker →Institutional-scale brokers operating under multiple top-tier (Tier-1) regulatory authorities.
8 broker →Brokers offering additional platform options such as their own web, mobile, or cTrader beyond MT4/MT5.
7 broker →Not just “is it licensed”, which legal entity your account is opened under matters. Having an EU license in a group does not protect you if you are registered under an offshore company. We explicitly highlight this distinction in our reviews. Number of regulatory authorities we currently track: 44.
Spread alone is misleading. It should be calculated together with commission and overnight holding cost (swap). “Zero commission” usually means the spread is wide.
The vast majority of complaints originate from here. The most practical method: perform a withdrawal test with a small amount after opening an account. Brokers with recurring, substantiated withdrawal complaints risk warnings we mark on our page.
MT4, MT5, cTrader, or the broker's own platform. If you use an EA or indicator, platform support becomes decisive.
You can find the spread and leverage on the broker's own website; only those who have made a withdrawal know how long it takes for the money to leave the account. The ranking below is a summary of the feedback we received.
This ranking is not a measurement, but a summary of feedback from 500+ investors — compiled on 9 September 2026. Processing times vary depending on the withdrawal method, completion of account verification, and the amount; crypto withdrawals are generally the fastest. A broker not on the list is not here because it is slow, but because there is not enough feedback about it — 5 brokers could be ranked.
Current leader: XM Global — 9.5 Index score. XM is the most preferred broker in the FXPARTNER community thanks to its comprehensive educational materials, regular live webinars, and extremely low minimum deposit amount. Accounts opened with the FXPARTNER partner code gain access to VIP privileges.
There is no single 'best' broker; the right broker depends on your trading style. If low cost is your priority, you should look at tight spreads and commission structures; if you are just starting out, low minimum deposits and Turkish support; if you trade large volumes, regulatory strength and withdrawal history. At FXPARTNER, every broker is scored across four axes: regulation, cost, platform, and withdrawals. This scoring is independent of commercial relationships — our partner brokers go through the exact same criteria as everyone else.
Four things, in order: (1) Regulation — which authority licenses the broker and under which legal entity your account is opened. Having an EU license for a group will not protect you if you are registered under an offshore entity. (2) True trading cost — spread, commission, and swap should be calculated together. (3) Withdrawal experience — the vast majority of complaints originate here; testing with a small withdrawal before opening an account is the most practical method. (4) Platform and tools. FXPARTNER's Index score combines these four axes into a single number.
Minimum deposit amounts for the brokers on our list vary widely; while some allow opening an account with double-digit dollar amounts, others require much higher starting amounts. However, the main question is not the minimum amount, but risk management: the smaller the account, the more critical the risk ratio per trade becomes. You can use our position calculator to calculate your position size.
It is not prohibited for residents of Turkey to open accounts and trade with foreign institutions on their own initiative. However, marketing activities directed at Turkey by foreign institutions are considered unauthorized capital market activities. FXPARTNER is not a brokerage firm, but an independent comparison and review platform. Nothing on this page constitutes investment advice.
Each broker is rated across four axes and the Index score is their average: regulation (strength of licenses and which legal entity holds your account), cost (spread, commission, and swap combined), platform (supported platforms and tools), and withdrawal (reported withdrawal experience and complaint patterns). Advertising and commission revenues fund the platform but do not buy a better score; our partnerships are always clearly stated on the page.
With a forex broker, you deposit your own money and trade with your own capital; both profits and losses are entirely yours. In a prop firm, you trade with the company's capital after passing an evaluation process (challenge) and receive an agreed percentage of the profits. Prop firms are not licensed like brokers and have their own sets of rules. The two are different products; they are evaluated in separate sections on our website using separate criteria.