Compare forex brokers side by side
Pick 2 to 4 brokers and compare deposit, spreads, leverage, regulation and features in one table.
Step 1 · Select
Choose brokers to compare
Select between two and four brokers. Tap a selected broker again to remove it.
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Step 2 · Compare
Valetex vs WeTrade vs XM: broker comparison
Every row compares only the brokers you picked. Scroll sideways on small screens; the feature column stays in place.
| FeatureBest in row | |||
|---|---|---|---|
| Costs and trading conditions | |||
| Overall scoreOur rating out of 5 | 5.0Best | 5.0Best | 5.0Best |
| Minimum depositSmallest first deposit | $1Best | $10 | $5 |
| Spread fromLowest advertised EUR/USD-type spread | Not listed | Not listed | Not listed |
| Maximum leverageHighest ratio offered | 1:2000Best | 1:2000Best | 1:1000 |
| CommissionPer-trade commission or rebate | NoBest | 50% | Not listed |
| Withdrawal timeTypical processing time | 24 hours | 24 hours | 24 hours |
| Trust and safety | |||
| RegulationLicences listed by the broker | FSC, ASIC, FSA, SCA, VFSCBest | SVG, FSA | CySEC, FSC, DFSA, FSCA |
| HeadquartersRegistered location | Cyprus | Kingstown | Cyprus |
| FoundedYear the broker started | 2019 | 2015Best | 2026 |
| Negative balance protection | Yes | Yes | Yes |
| Segregated client funds | No | No | Yes |
| Platforms | |||
| MetaTrader 4 | Yes | Yes | Yes |
| MetaTrader 5 | Yes | Yes | Yes |
| cTrader | Yes | No | Yes |
| Account features | |||
| Copy trading | Yes | Yes | No |
| Islamic (swap-free) account | Yes | Yes | Yes |
| Demo account | Yes | No | Yes |
| Scalping allowed | Yes | Yes | Yes |
| Actions | Visit ValetexRead full review → | Visit WeTradeRead full review → | Visit XMRead full review → |
“Best” compares only the brokers in this table. A dash means the broker does not list that detail. Figures come from each broker’s published conditions and can change, so confirm on the broker’s site before opening an account.
Quick verdict for this comparison
- Lowest minimum depositValetex$1
- Highest leverageValetex & WeTrade1:2000
- Tightest spreadNot listed—
- Most licences listedValetex5 regulators
- Longest track recordWeTradeSince 2015
Full list
All 16 forex brokers at a glance
Sort the full list, then add any broker to the comparison above with one tap.
| Broker | Rating | Min deposit | Max leverage | Spread from | Regulation | Add to comparison |
|---|---|---|---|---|---|---|
| ★ 5.0 | $1 | 1:2000 | 0.2 Pips | FSC, ASIC, FSA, SCA, VFSC | ||
| ★ 5.0 | $10 | 1:2000 | 0.01 Pips | SVG, FSA | ||
| ★ 5.0 | $5 | 1:1000 | 0.01 Pips | CySEC, FSC, DFSA, FSCA | ||
| ★ 5.0 | $10 | 1:3000 | 0.01 Pips | CySEC, ASIC, FSC | ||
| ★ 5.0 | $10 | 1:3000 | 0.01 Pips | FSC Belize | ||
| ★ 5.0 | $0 | 1:500 | 0.01 Pips | FSCA (South Africa) | ||
| ★ 5.0 | $1,000 | 1:400 | 0.01 Pips | FCA, ASIC, VFSC, FSA | ||
| ★ 4.8 | $100 | 1:500 | 0.01 Pips | FSC, SEC, FCA, ASIC, FSA, FSCA | ||
| ★ 4.8 | $10 | 1:3000 | 0.01 Pips | FSCA, CySEC, FSA, FSC | ||
| ★ 4.6 | $100 | 1:3000 | 0.01 Pips | ASIC, CySEC, FSC, FSCA | ||
| ★ 4.5 | $50 | 1:1000 | 0.01 Pips | FSA, FIN RAC, SCA, FSCM | ||
| ★ 4.0 | $10 | 1:2000 | 0.2 Pips | ASIC, CySEC, FSC, FSCA | ||
| ★ 4.0 | $25 | 1:500 | 0.0 Pips | FSRA | ||
| ★ 4.0 | $50 | 1:500 | 0.1 Pips | Registration No 2025-00446 | ||
| ★ 4.0 | $1 | 1:1000 | 0.01 Pips | FSCA (South Africa) | ||
| ★ 3.5 | $10 | 1:500 | 0.01 Pips | CySEC, BVI FSC, SVGFSA |
Head to head
Popular broker comparisons
Head-to-head matchups traders look up most often. Each link opens the tool with those brokers loaded.
Guide
How to compare forex brokers in six steps
The table gives you the numbers. These checks turn the numbers into a decision.
- 1
Check regulation first
A licence from a recognised authority such as the FCA, ASIC or CySEC means the broker is supervised, audited and usually must keep client money apart from its own. Offshore licences (for example SVG or Seychelles FSA) give lighter protection. More licences is good, but the strength of the main regulator matters most.
- 2
Add up the real cost of a trade
The “spread from” figure is the best case on the best account. Your true cost is spread plus any commission plus overnight swap. A 0.0-pip account with a $7 round-turn commission can cost more than a 1.0-pip account with no commission if you trade small sizes.
- 3
Treat leverage as a ceiling, not a target
1:2000 or 1:3000 lets you open large positions with little margin, which magnifies losses as fast as gains. What protects you is low effective leverage, a stop-loss on every trade and negative balance protection, so you can never owe more than your deposit.
- 4
Match the platform to how you trade
MetaTrader 4 is simple and has the most expert advisors. MetaTrader 5 adds more timeframes, depth of market and more asset classes. cTrader suits traders who want transparent pricing and advanced order types. Copy trading helps if you want to follow other traders.
- 5
Test deposits and withdrawals
A low minimum deposit makes it easy to start, but fast withdrawals are what you will care about later. Start with a small amount, request a withdrawal early, and check fees for your local payment method.
- 6
Try the account before committing
Open a demo account to check execution speed and slippage during news. If you need a swap-free account for religious reasons, or plan to scalp, confirm both are allowed in writing before you fund the account.
Glossary
What each row in the comparison means
Plain-language definitions so you know exactly what you are comparing.
- Minimum deposit
- The smallest amount you can fund an account with. It does not change your trading cost, only how much you need to start.
- Spread from
- The gap between buy and sell price on the broker’s tightest account, measured in pips. Typical spreads are often wider, especially at market open or during news.
- Maximum leverage
- How large a position you can open per dollar of margin. At 1:1000, $10 of margin controls a $10,000 position. Leverage limits often drop for large balances or certain regions.
- Commission
- A fee charged per lot traded, usually on raw-spread accounts. Some brokers instead pay a rebate or cashback, shown here as a percentage.
- Regulation
- The financial authorities that licence the broker’s entities. Which entity you join depends on where you live, so check the licence that covers your account.
- Negative balance protection
- A guarantee that a sudden price gap cannot leave you owing money. Your account is reset to zero instead of going negative.
- Segregated funds
- Client money kept in separate bank accounts from the broker’s own cash, so it is not used to run the business or pay creditors.
- Islamic account
- A swap-free account that charges no overnight interest, designed for traders who follow Sharia principles.
FAQ
Forex broker comparison FAQ
Short answers to the questions traders ask before choosing a broker.
How do I compare forex brokers?
Pick two to four brokers in the tool and read the table row by row. Start with regulation, then compare the full cost of trading (spread plus commission plus swap), maximum leverage, platforms and minimum deposit. Green values are the best in each row for the brokers you selected.
Which forex broker has the lowest minimum deposit?
Among the 16 brokers in this tool, GFunded starts at $0 (it is a prop trading firm), Valetex and Headway start at $1, and XM starts at $5. Hantec Financial has the highest entry point at $1,000.
Which broker offers the highest leverage?
FBS, RoboForex, JustMarkets and Monaxa list maximum leverage of 1:3000. Valetex, WeTrade and Grand Capital offer up to 1:2000. Leverage available to you can be lower depending on your country, account type and balance.
Is higher leverage better?
Not for most traders. Higher leverage lets you open bigger positions with less margin, but losses grow just as fast as profits. Keep effective leverage low, risk 1 to 2 percent of your account per trade, and choose a broker with negative balance protection.
What does the green “Best” label mean?
It marks the strongest value in a row, such as the lowest deposit or tightest spread, among only the brokers currently in your table. It is not an overall recommendation; the best broker for you depends on which rows matter most to your trading.
Why do some cells show a dash?
A dash means the broker does not publish that detail in the conditions we track. It does not mean the feature is missing, so check the full review or the broker’s website before deciding.
Can I share or save a comparison?
Yes. The page address updates as you add or remove brokers, so you can bookmark it or press Copy link and send it to someone. Opening the link loads the same brokers.