menuclose
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Best MetaTrader 5 (MT5) Forex Brokers for 2026

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer

January 26, 2026
close
Steven Hatzakis Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

favicon.png Why you can trust us

Led by Steven Hatzakis, Director of Online Broker Research, the ForexBrokers.com research team collects thousands of data points across hundreds of variables. We evaluate features important to every kind of forex trader, including beginners and active traders. We carefully track data on international regulators, commissions, and spreads to rate forex brokers across our proprietary testing categories.

Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. Learn more about how we test.

I've been trading forex for more than 25 years and have spent over a decade working with the MetaTrader platform. My experience includes extensive use of both MetaTrader 4 (MT4) and its successor, MetaTrader 5 (MT5). This guide will help you explore some of MT5's most important features and functions.

The platform's upgrades and improvements over its predecessor, MT4, have pushed more of the best MetaTrader brokers to offer MT5. As a result, trading volume on MT5 has now eclipsed MT4 (as of April 2025). If you’ve decided that you want to use the MT5 platform (and there are good reasons for doing so), you’ll still need to pick a trustworthy, well-regulated forex broker to start trading.

Best MetaTrader 5 (MT5) brokers

When testing MT5 brokers, I download the latest version of the software and load the full list of available symbols for each broker. The core MetaTrader experience often varies little from one broker to another; to differentiate I evaluate the range of markets, account types, trading fees, execution methods, and availability of third-party plugins and custom indicators.

I also factor in whether brokers offer VPS hosting and other tools that support algorithmic trading on MetaTrader platforms. Learn more about how we test brokers and check out my list of the best MT5 forex brokers.


announcement Trading from the U.S.?

Explore the best MT5 brokers available to U.S. traders.

Broker
Overall Rating
"Best for"
Bullet Points
Best MetaTrader Broker
Overall Score
4.5/5
Best MetaTrader Broker
  • Minimum Deposit: $200
  • Trust Score: 83
  • Tradeable Symbols (Total): 3583
Why we like it
Review

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders. Read full review

Pros
  • Competitive pricing and low average spreads.
  • 3,500+ tradeable symbols and powerful algo trading support.
  • MetaTrader broker with integrated third-party plugins.
Cons
  • Educational content and research still have room for improvement.
  • No proprietary forex trading app.
  • Share trading is limited to Aussie stocks via IC Shares.
Overall Score
4.5/5
Great for low cost trading on MetaTrader
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 1726
Why we like it
Review

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. Read full review

Pros
  • Won Best in Class for MT5, algo trading, and more.
  • Offers MetaTrader and cTrader for algo and copy trading.
  • Razor account pricing is competitive for active traders.
  • New mobile app has solid features and strong usability.
Cons
  • Education lacks depth.
  • MT5 offering has limited symbols.
Overall Score
4.5/5
Low costs for MetaTrader users
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000
Why we like it
Review

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. Read full review

Pros
  • Ultra-competitive spreads on Raw ECN account.
  • Supports MetaTrader, cTrader, TradingView, and Autochartist tools.
  • Access to 10,000+ tradeable symbols via the Iress platform.
Cons
  • Mobile app lacks in tools and charting.
  • Research and education content trails leading brokers like IG.
  • Iress platform fees add up.
Overall Score
5.0/5
Large selection of MetaTrader servers
  • Minimum Deposit: $100
  • Trust Score: 99
  • Tradeable Symbols (Total): 5500 info
Why we like it
Review

FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Read full review

Pros
  • Trading Academy is great for all experience levels.
  • Advanced charting through TradingView with 5,500+ symbols.
  • Pro-grade trading tools on web and desktop.
Cons
  • Spreads are higher than other low-cost brokers.
  • Pricing is average unless you qualify for active trader discounts.
  • Stock and futures trading require a separate StoneXone account.
Overall Score
4.0/5
Highest trading volume on MetaTrader
  • Minimum Deposit: $10 info
  • Trust Score: 80
  • Tradeable Symbols (Total): 209
Why we like it
Review

Exness is a global forex broker best known for its flexible execution, instant withdrawals, and access to extremely high leverage, alongside multiple account types and a growing ecosystem of trading tools. Read full review

Pros
  • Innovative web platform with drag-to-modify order features.
  • Wide forex coverage with 96 pairs and flexible account types.
  • MetaTrader, Trading Central, and social trading all supported.
  • Newly improved educational content on the Insights blog.
Cons
  • Research content is limited and lags behind top-tier brokers.
  • Narrow product range with just over 200 total tradeable symbols.
  • Spreads on Standard Cent accounts are higher than other account types.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top picks for MetaTrader 5 brokers

1. IC Markets – Best MetaTrader Broker

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
IC Markets logoIC Markets
4/5 Stars 0.62 info 61

IC Markets is my top choice for forex traders who want the best MetaTrader 5 experience, particularly those running algorithmic strategies or seeking tight or low spreads.

Low-cost algo trading: IC Markets has won the ForexBrokers.com Annual Award for #1 MetaTrader broker six years running (2021-2026), and for good reason. Its robust order execution policy permits scalping and high-frequency trading strategies, while pricing remains competitive across all MetaTrader account options. The combination of low average spreads, reasonable per-trade commissions, low minimum deposit requirement ($200 for its Raw spread account), and full support for algo trading on MT4 and MT5 makes IC Markets a strong fit for copy trading signal providers and manual traders alike.

Advanced platform add-ons: IC Markets transforms the standard, out-of-the-box MT5 experience into a professional workstation. Clients gain access to the "Advanced Trading Tools" package, a suite of institutional-grade add-ons developed by FX Blue. This includes correlation matrices, sentiment maps, and sophisticated tick chart trading tools that are essential for technical analysis. The seamless integration of Trading Central and Autochartist directly into the platform allows you to automate technical pattern recognition without ever leaving your chart.

VPS and Infrastructure: IC Markets offers free VPS hosting for clients who trade at least 15 standard lots monthly, as part of its partnership with IC VPS and ForexVPS, which are colocated in the Equinix NY4 data center.

Steven's take

"For years, I've pointed to IC Markets as my go-to destination for automated trading, and 2026 is no different. When you combine IC Markets' high-performance execution engine with the FX Blue toolset, you simply get more utility per dollar than almost anywhere else."

Steven Hatzakis

Steven_headshot_170x170.png
IC Markets MetaTrader 5 platform with chart of the EUR/USD

IC Markets provides a professional MetaTrader 5 environment suited for demanding technical analysis on major pairs like the EUR/USD shown here. Traders can leverage MT5's native analytical tools alongside IC Markets' raw pricing and deep liquidity for precise execution.

2. Pepperstone – Great for low cost trading on MetaTrader

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
Pepperstone logoPepperstone
4/5 Stars 1.1 info 65

Pepperstone offers a rich MetaTrader 5 experience for traders who value platform add-ons and competitive pricing on its Razor account. Pepperstone earned Best in Class honors for MetaTrader in the ForexBrokers.com 2026 Annual Awards, extending a streak the broker has held for eight consecutive years. Several factors contribute to this longevity.

MetaTrader tools: While the standard MetaTrader 5 platform is powerful, Pepperstone adds significant value through its "Smart Trader Tools" package. This suite includes over 28 add-ons designed to improve trade management and analysis, such as the Correlation Matrix for monitoring risk across markets and the Mini Terminal for executing complex order types. Pepperstone also provides access to Autochartist for pattern recognition and API trading for custom integrations. These tools help bridge the gap between the out-of-the-box MetaTrader experience and more advanced trading workflows.

Platform flexibility: Both MT4 and MT5 are available alongside Pepperstone's recently launched proprietary mobile app, which adds features like one-click close-all and drag-and-drop order management. Pepperstone also supports cTrader and TradingView for traders who want algo trading options beyond MetaTrader. It’s worth adding that Razor account pricing starts with low average spreads on the EUR/USD and a reasonable per trade commission to help keep the all-in costs typically under 1 pip.

VPS and Infrastructure: Pepperstone offers free Virtual Private Server (VPS) hosting for active traders who meet its minimum trading volume requirements, and with servers in major Equinix data centers, including London (LD4), and New York (NY5), as part of the brokers low latency EDGE infrastructure. VPS can be a great solution for running your algorithms on MetaTrader 24-hours a day without interruption, compared to hosting them on your local computer at home. In addition, active traders at Pepperstone get access to priority client support, helping to round out its offering for algorithmic trading on MetaTrader.

Pepperstone MetaTrader 5 (MT5) desktop platform

Pepperstone’s MetaTrader 5 (MT5) desktop platform running on Windows 11, with four charts tiled and a chart of the EUR/USD in dark mode, and the symbols watchlist on the left Market Watch side panel, showing the Navigator window beneath with example indicators and expert advisors, including a custom PineConnector EA that I was using to test (not provided by the broker).

3. FP Markets – Low costs for MetaTrader users

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
FP Markets logoFP Markets
4/5 Stars 1.3 info 71

FP Markets is a great low-cost option for forex and CFD traders that prefer to use the MetaTrader platform. FP Markets earned Best in Class honors for its MetaTrader offering for four years in a row in the ForexBrokers.com Annual Awards. Traders at FP Markets gain access to the full MetaTrader suite (both MT4 and MT5) as well as the popular cTrader platform.

Low-cost trading on MetaTrader: FP Markets offers ultra-competitive spreads for the MetaTrader platform on its commission-based Raw ECN account. The RAW ECN account features consistently low average spreads on popular pairs such as the EUR/USD, combined with a low per-trade commission, making FP Markets a great choice for MetaTrader.

VPS and Infrastructure: FP Markets has partnered with Liquidity Connect to provide ultra-low-latency VPS hosting for MT4, MT5, and cTrader, with servers located close to FP Markets' trading infrastructure. Free VPS is available for traders who meet modest volume requirements (5 lots monthly on Standard accounts or 10 lots on Raw accounts for MetaTrader, or 20/40 Standard lots respectively for cTrader), or with a minimum $1,000 deposit for new traders.

FP Markets also offers support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering. That said, it's worth noting though that the scope of its research and educational offering are limited compared to the best brokers.

IC Markets MT5 desktop platform

IC Markets MT5 desktop platform, with four charts in tiled mode, and Bollinger Band indicator with purple lines running on the EUR/USD pair, running on Windows 11. The Journal tab is featured on the bottom Toolbox pane, and to the left is the Navigator showing the FP Markets account, and the Market Watch panel above with the Symbols watchlist loaded, displaying available currency pairs and CFDs.

4. FOREX.com – Large selection of MetaTrader servers

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
FOREX.com logoFOREX.com
5/5 Stars 1.00 info 80

Part of StoneX Group (NASDAQ:SNEX), FOREX.com is an excellent choice for MetaTrader due to its large number of servers which can help improve connectivity and reduce latency.

Pricing, tools and platforms: While FOREX.com doesn’t have the lowest pricing for forex trading, there are discounts available to active traders through its VIP rewards program, which includes cash rebates of up to 15% of the spread, free VPS hosting, and interest on margin balances. Beyond MetaTrader and FOREX.com’s flagship platform, the broker offers TradingView and NinjaTrader which support algorithmic trading. FOREX.com offers a suite of platform add-ons from FX Blue, as part of its MetaTrader Download Package, which comes with 9 Experts (EAs) and over a dozen custom indicators.

VPS and futures: FOREX.com offers free Expert Advisor VPS hosting (powered by Liquidity Connect) for traders who meet a $500,000 monthly notional volume requirement, with a $30 monthly fee for those who don't qualify. FOREX.com also offers futures trading on MT5 through its parent company StoneX, rounding out its offering as a multi-asset brokerage for algorithmic traders.

5. Exness – Highest trading volume on MetaTrader

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
Exness logoExness
4/5 Stars N/A 96

Exness is one of the largest MetaTrader brokers globally, according to volume data shared by the broker for its forex and CFD trading. While Exness is only available in limited jurisdictions, it can be a great choice thanks to its multiple account types, quality educational content, and strong community.

Markets and tools: Exness offers nearly 100 currency pairs and popular CFD markets. The broker provides a free built-in VPS that is colocated with its MetaTrader servers (2 CPU cores, 2GB RAM, 50GB storage on Windows Server 2019), accessible through the client portal. Exness also offers an integrated copy trading platform.

Trading costs: For MetaTrader users, the best pricing is available on the Raw and Zero Spread accounts, which feature low average spreads plus a per-trade commission of up to $7 per round turn. High-volume traders can benefit from the Premier Program, which requires a minimum of $20,000 in lifetime deposits and $50 million in quarterly volume to qualify for the base tier.

Other MetaTrader 5 brokers I tested

6. Tickmill – Great VIP account for MetaTrader

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
Tickmill logoTickmill
4/5 Stars 1.70 info 63

For algorithmic traders using MetaTrader 5, Tickmill offers an infrastructure optimized for pure efficiency. The Raw Account delivers an all-in cost of roughly 0.7 pips on EUR/USD, critical for preserving alpha in high-frequency strategies. Beyond execution, Tickmill subsidizes VPS hosting for automated systems and enhances the default MT5 terminal with the Advanced Trading toolkit (powered by FX Blue), adding essential utilities like correlation matrices and sentiment analysis that standard installations lack.

7. CMC Markets – Low cost trading on MT5 with FX Active

Company Trading Platforms Average spread (EUR/USD) - Standard account Forex Pairs (Total)
CMC Markets logoCMC Markets
5/5 Stars 1.3 info 141

By connecting CMC Markets' FX Active account to MetaTrader 5, you gain access to institutional-grade pricing. You get raw spreads from 0.0 pips with a highly competitive $2.50 commission per side, creating an environment where costs won't eat your alpha. While the asset list on MetaTrader is smaller than their proprietary platform, the combination of a 99 Trust Score and this aggressive pricing model makes it a great choice for cost-conscious algo traders.

FAQs

What is MT5?

One of the most well-known retail forex trading platforms in the world, MetaTrader 5 (MT5) is part of a suite of trading applications developed by MetaQuotes Software Corporation for desktop, web, and mobile.

Designed as the successor to the wildly popular MT4 platform, MT5 features multiple upgrades and boasts some significant improvements to the MetaTrader software. Still, MT4 remains one of the most widely used retail forex trading platforms on the market. If you’d like to learn more about MetaTrader 4 and the MetaTrader software suite, check out my complete guide to MetaTrader.

Like previous MetaTrader platforms, MT5 supports multiple execution methods and is designed as a turnkey solution for brokers. Brokers pay a fee to license the MetaTrader software so that they can provide the platform to their clients. Brokers can customize the MT5 platform based on the range of markets they offer to best suit their individual client’s needs – which means that MT5 offerings can vary from broker to broker.

The MT5 platform was first introduced in 2010 and was initially slow to gain adoption among traders when compared with MT4, its successful predecessor. Following MetaQuotes' decision to halt the sale of new MT4 licenses and phase out legacy support, MT5 has finally surpassed MT4. Today, MT5 stands as the industry standard, having eclipsed MT4 in both brokerage adoption and trading volume due to its superior infrastructure and multi-asset capabilities.

smartphoneMetaTrader on mobile devices

Android and iOS users can download MT5 for trading on the go. The MetaTrader apps (MT4 and MT5) were briefly delisted from the Apple App Store in September 2022, but MetaTrader is again available for iOS as of March 2023.

Can you use MetaTrader 5 in the U.S.?

Yes. As of 2026, only two brokers offer MetaTrader 5 (MT5) to U.S. residents: FOREX.com and Trading.com.

FOREX.com offers MT5 alongside MT4 and its other platforms, with comprehensive charting tools, broad market access, and extensive educational resources.

Trading.com offers MT5 to U.S. traders and also provides access via its browser-based WebTrader platform.

MetaTrader 5 Brokers List

We review and continuously monitor the offerings of over sixty different forex brokers. MetaTrader is just one of the numerous features that we test when reviewing a broker. Here's an updated list of forex brokers that offer MetaTrader 5 in 2026:

About the MetaTrader 5 Product Suite

Like the MT4 platform, MT5 is available for desktop, web, and mobile. We’ve tested the MetaTrader 5 platform across devices, and we’ve detailed their strengths, weaknesses, similarities, and differences below:

MT5 mobile app

MT5’s popular Mobile Trading app is available for Android devices from the Google Play store, where it has been downloaded over 10 million times and holds a rating of 4.7/5. The Android version is supported on phones and tablets, and – like MT5’s web platform – MT5’s mobile app features 30 built-in indicators.

Note: MetaTrader 5 is available for download from the Apple App store and for Android on the Google Play store.

Take a behind-the-scenes look at the MT5 Mobile Trading app with our video walkthrough:



Bottom line: The MT5 app is light on features compared to the desktop platform, but it still offers more functionality and greater ease of use than the web version.

Some of the best mobile apps are developed in-house by the top forex brokers in the industry. Want to learn more about the wide range of available mobile apps? Read our guide to the best forex trading apps.

MT5 desktop platform

MT5’s desktop terminal is downloadable and designed for use with Windows-based computers. MT5 users gain access to more than 100 interactive charts that feature dozens of analytical tools, such as indicators and graphical objects. The 21 available time frames allow for in-depth technical analysis of currencies, exchange futures, stocks, cryptocurrencies, indices, and spot metals.

Check out our walkthrough of the MetaTrader 5 desktop platform:



Bottom line: If you are hoping to unlock the full potential of MT5’s powerful trading platform, the desktop version is the way to go.

Download MT5 for desktop on MetaTrader’s MT5 site.

MT5 web platform

MT5’s web-based platform can be accessed from any browser or operating system without the need to download any software. Instead, your broker provides a unique URL from which the service can be accessed with the trader’s login details.

MetaTrader 5 Web Platform.

The web version of MT5 recently underwent a massive makeover, which updated its charting capabilities and overall responsiveness to be more competitive with modern web platforms like TradingView. Check out my forex charting guide to learn why charts are so important for forex traders.

analyticsTradingView

A popular trading platform that delivers a range of powerful charting functions and robust analysis tools, TradingView is used by millions of traders. Learn more by checking out our TradingView guide.

Note: You can’t manage trading robots or carry out advanced operations on MetaTrader 5’s web platform.

Check out our walkthrough of MT5’s web platform:



Bottom line: WebTrader is a lighter version of MT5’s desktop platform, and only offers the most basic features for carrying out trading and account management.

Start using MT5’s web platform by visiting MetaTrader’s MT5 web platform site.

tips_and_updatesPro tip:

Demo and live account options are available for all versions of MT5. It's always a good idea to try out a free demo account to learn the software before risking your real money.

Comparing MT4 vs MT5

MT4 and MT5 may share the same developer (and the two platforms even look alike), but their coding is significantly different, and each platform has distinct functionalities and features. MT5 brings a number of changes to the MetaTrader platform that have bolstered the computational power of the MetaQuotes’ software suite. For example, MT5 runs in 64 bits to match the capabilities of modern processors, which means that it runs much faster and can handle billions more data points than MT4.

MT5 also features two new order types, advanced Strategy Tester settings, a new MQL programming language, and multiple design optimizations – among other additions and changes.

For a deeper dive into the differences between these two popular versions of the MetaTrader software, check out my MT4 vs MT5 guide.

Can I use MT5 without a broker?

No, you’ll need to open a live account with a broker that offers MetaTrader 5 (MT5) in order to trade with real funds. You can try MT5 out with a demo account, but you won’t be able to do any live trading – and if your demo account is not connected to a broker, you won’t have access to updated rates.

When choosing a forex broker that offers MT5, make sure that the broker offers the range of markets you are interested in trading, and that it can equip you with the trading tools you’ll need for your trading strategy. It’s also important to make sure your forex broker is highly regulated; this is the best way to protect yourself from forex scams.

We’ve evaluated dozens of forex brokers to determine whether you can trust them with your live trading funds – read more about Trust Score.

Which broker is best for MT5?

When comparing the best MetaTrader brokers across all categories, IC Markets stands out as our top pick for MT5 in 2026.

IC Markets also has some of the highest global trading volumes among MetaTrader brokers, as traders tend to run algorithmic trading systems at IC Markets due to its competitive pricing and execution methods available. The qualities that make IC Markets a great broker for MetaTrader also make it a fantastic broker for cTrader, another popular third-party platform. If you are interested in learning about algorithmic trading and automated high-frequency trading systems, check out our guide to high-frequency trading.

Is the MT5 platform free?

Yes, MT5 is totally free to download and use – though you should still be prepared to pay trading fees when you place live forex trades (these can vary from broker to broker). Brokers pay to license the MT5 trading platform directly from the developer, but retail traders are not charged any platform fees to use MT5. Traders will of course still be responsible for paying the standard trading fees incurred with any forex broker – such as commissions, spreads, and overnight carrying costs (premiums).

Should a beginner use MT4 or MT5?

Beginners may not notice any significant differences between MT4 and MT5. On the surface, they are similar in appearance and function, and MT5’s added features and advanced functionalities may not be hugely important for beginners. Before deciding on MT4 or MT5, it’s important for new traders to learn the basics of trading and to develop a keen understanding of how trading platforms work.

Beginner forex traders should start by consuming educational content (check out my guide to the best free forex trading courses for some suggestions) and experimenting with a demo account before trading with a live, fully funded account. Demo and live account options are available for all versions of MT5. However, with MT5 now leading in trading volume, traders and brokers are encouraged to consider switching to MT5 to take advantage of its advanced features and wider range of assets.

schoolForex for beginners

Whether you choose MT4 or MT5, check out my popular guide to forex trading for beginners. Or, read my Forex 101 educational series that covers everything you’ll need to know about forex and currency trading, the ins and outs of leverage, how pips work, and more.

Is it safe to use MetaTrader?

Yes, the MetaTrader platform is safe to use. MetaTrader is a popular software suite for trading forex and CFDs – but it’s not a broker. This means that your level of safety when trading forex will depend on your forex broker, not on the MetaTrader software. Whether you use MT4 or MT5, you’ll want to make sure that your forex broker is well-capitalized and licensed by reputable regulatory agencies.

The ForexBrokers.com Trust Score algorithm provides an at-a-glance score of a broker’s reliability and trustworthiness – learn more about Trust Score and the regulatory agencies that we track.

Our testing

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

How we tested

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
  • For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

star_rate ForexBrokers.com Overall Rankings

Now that you've seen our picks for the best brokers on this guide, check out ForexBrokers.com's overall broker rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Also take a look at our full-length, in-depth forex broker reviews.

Other Forex Trading Platform Guides

Popular Forex Guides

Popular Forex Broker Reviews

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans

John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

close