Best Forex Brokers

Top Forex Trading Platforms Comparison

How Safe Are These Forex Trading Providers?

Are The Top Forex Brokers Good For Beginners?

Compare the Ratings of Our Top Forex Trading Platforms

How We Chose The Best Forex Brokers

FAQ's

Written By thinkforexbrokers
Updated: August 13, 2025

We checked out tons of platforms to find the top forex brokers. Check out these forex trading platforms, they’re great because of:

Top 6 Brokers For Day Trading Forex In 2025

We’ve evaluated 227 forex providers as of August 2025 and these are our 6 best brokers for day trading forex:

RoboForex

73.85 % of retails CFD accounts lose money

Deriv

59.57 % of retails CFD accounts lose money

Exness

74-89% of retails CFD accounts lose money

IC Markets

70.64 % of retails investor accounts lose money

What Makes These Brokers The Best For Day Trading Forex?

Here’s a snapshot of why these forex brokers beat out the competition in our latest tests:

XM – XM gives you lots of currency pairs to trade. They don’t do requotes or sneak in hidden fees. The spreads have gotten better over time, and now they start at 0.8 pips for the EUR/USD on their account with no commission.
RoboForex – RoboForex lets you trade over 30 currency pairs, but big guys like Pepperstone have 90+. Still, their Prime and ECN accounts have good spreads, like 0.1 pips for EUR/USD. Plus, if you drop $100, you can use CopyFX to copy what experienced currency traders do.
Deriv –Deriv now offers more currency pairs! Clients can trade over 40 major, minor, and exotic currencies. EUR/USD spreads are pretty good at 0.44 pips since they were lowered in 2021. You can trade Forex CFDs on MT5 and use multipliers on Deriv’s easy-to-use DTrader platform.
Exness – Exness offers an impressive selection of around 100 forex pairs – more than most brokers we’ve evaluated – along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet.
Vantage- Vantage has over 55 currency pairs, which is more than most brokers have, so there’s a lot to check out if you know what you’re doing. Vantage also has a big liquidity pool, so spreads can be as low as 0.0 pips on the ECN account, which is better than a lot of other places. Plus, there aren’t any commissions, deposit fees, or sneaky hidden fees.
IC Markets- IC Markets works hard to give you really tight forex spreads, like 0.0 pips on EUR/USD. So, if you want super-fast trades (around 35 milliseconds on average), it’s a great choice. Plus, if you trade a lot of volume, you could get rebates up to $2.50 per forex lot.

Top Forex Trading Platforms Comparison

Find the right provider for you with our comparison of the elements most important to active FX traders:

Broker	Number of Currency Pairs	EUR/USD Spread	Currency Indices	Forex App Rating	Minimum Deposit	Regulators
XM	55+	0.8	USD	4.7 / 5	$5	ASIC, CySEC, DFSA, IFSC
RoboForex	30+	0.1	-	3.3 / 5	$10	IFSC
Deriv	40+	1.4	-	4.8 / 5	$5	MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
Exness	100+	0.0	USD	4.4 / 5	Varies based on the payment system	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
Vantage	55+	0.0	USD	4 / 5	$50	FCA, ASIC, FSCA, VFSC
IC Markets	75	0.02	-	4.8 / 5	$200	ASIC, CySEC, FSA, CMA

How Safe Are These Forex Trading Providers?

Find out how our top brokers for trading forex protect your capital:

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
XM	4.1	✕	✓	✓
RoboForex	3	✕	✓	✓
Deriv	3.5	✕	✓	✓
Exness	3.5	✕	✓	✓
Vantage	4.6	✕	✓	✓
IC Markets	4.6	✕	✓	✓

Are The Top Forex Brokers Good For Beginners?

New traders should pick a broker that allows forex trading with virtual money, alongside other features geared towards beginners:

Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating
XM	✓	$5	0.01 Lots	4.8	4.9
RoboForex	✓	$10	0.01 Lots	3.8	4.3
Deriv	✓	$5	0.01 Lots	3.8	3.8
Exness	✓	Varies based on the payment system	0.01 Lots	1.5	3.8
Vantage	✓	$50	0.01 Lots	4	4.4
IC Markets	✓	$200	0.01 Lots	3.5	4.5

Are The Top Forex Brokers Good for Advanced Traders?

Seasoned traders should look for powerful tools to elevate the forex trading experience:

Broker	Automated Trading	VPS	AI	Pro Account	Leverage	Low Latency	Extended Hours
XM	Expert Advisors (EAs) on MetaTrader	✓	✕	✕	1:1000	✓	✕
RoboForex	Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader	✓	✕	✕	1:2000	✕	✕
Deriv	Expert Advisors (EAs) on MetaTrader, DBots	✕	✕	✕	1:1000	✓	✓
Exness	Expert Advisors (EAs) on MetaTrader	✓	✕	✓	1:Unlimited	✓	✕
Vantage	Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader	✓	✕	✕	1:2000	✕	✕
IC Markets	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	✓	✕	✕	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	✓	✕

Compare the Ratings of Our Top Forex Trading Platforms

See how our top forex trading brokers rate in key areas after our in-depth tests of their FX trading capabilities:

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
XM	4.1	4.8	4.5	4.3	4	4.5	4.3	4.8	4.9
RoboForex	3	4.1	4	4.6	3.5	4	3.8	3.8	4.3
Deriv	3.5	4.5	4.8	4.4	3.3	4	2.5	3.8	3.8
Exness	3.8	3.8	3.5	4.4	3.8	4.3	4.3	1.5	3.8
Vantage	4.6	4.3	4.5	3.8	4.4	4.5	4	4	4.4
IC Markets	4.6	4	3.5	3.7	4.6	4	4	3.5	4.5

Compare Forex Trading Fees

The cost of frequently trading currencies adds up over time, so here’s how our leading forex brokerages measure up on pricing:

Broker	Cost Rating	Fixed Spreads	Inactivity Fee	GBP/USD Spread	EUR/USD Spread	GBP/EUR Spread
XM	4	✕	$5	0.8	0.8	1.5
RoboForex	3.5	✕	$0	0.4	0.1	0.4
Deriv	3.3	✕	$25	1.4	1.4	1.0
Exness	3.8	✕	$0	0.0	0.0	0.0
Vantage	4.4	✕	$0	0.5	0.0	0.5
IC Markets	4.6	✕	$0	0.23	0.02	0.27

Why Day Trade Forex With XM?

“With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.”

Bonus Offer	$30 No Deposit Bonus When You Register A Real Account
GBPUSD Spread	0.8
EURUSD Spread	0.8
EURGBP Spread	1.5
Total Assets	55+
Leverage	1:1000
Platforms	MT4, MT5, TradingCentral
Account Currencies	USD, EUR, GBP, JPY

XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live
XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.

XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach

Why Day Trade Forex With RoboForex?

“RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.”

Bonus Offer	$30 No Deposit Bonus
GBPUSD Spread	0.4
EURUSD Spread	0.1
EURGBP Spread	0.4
Total Assets	30+
Leverage	1:2000
Platforms	R StocksTrader, MT4, MT5, TradingView
Account Currencies	USD, EUR

The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.

Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.

Why Day Trade Forex With Deriv?

“Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours.”

GBPUSD Spread	1.4
EURUSD Spread	1.4
EURGBP Spread	1.0
Total Assets	40+
Leverage	1:1000
Platforms	Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
Account Currencies	USD, EUR, GBP

Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023.
After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.
Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance.

Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities.
While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
Leverage up to 1:1000 will appeal to traders with a large risk appetite but frustratingly there is no ability to flex the leverage in the account area.

Why Day Trade Forex With Exness?

“After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs.”

GBPUSD Spread	0.0
EURUSD Spread	0.0
EURGBP Spread	0.0
Total Assets	100+
Leverage	1:Unlimited
Platforms	Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.

Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone
Retail trading services are unavailable in certain jurisdictions, such as the US, UK and EU, limiting accessibility compared to top-tier brokers like Interactive Brokers.

Why Day Trade Forex With Vantage?

“Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.”

Bonus Offer	50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
GBPUSD Spread	0.5
EURUSD Spread	0.0
EURGBP Spread	0.5
Total Assets	55+
Leverage	1:2000
Platforms	ProTrader, MT4, MT5, TradingView, DupliTrade
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Why Day Trade Forex With IC Markets?

“IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.”

GBPUSD Spread	0.23
EURUSD Spread	0.02
EURGBP Spread	0.27
Total Assets	75
Leverage	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Platforms	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
IC Markets secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.

Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.

How We Chose The Best Forex Brokers

To find the top forex brokers for day trading, we looked at who does well in some key areas, which I’ll explain below.

Currency Pairs

We chose forex platforms with a wide range of currency pairs, providing diverse trading opportunities while enabling investors to spread risk and use various short-term strategies.

Pricing

We picked low-cost forex platforms to help you get the most from your money. Even small fee differences can add up if you trade a lot. We checked the lowest spreads on popular pairs like EUR/USD, GBP/USD, and EUR/GBP, and we looked at the average spreads too. To do this, we kept track of spreads during peak trading times – when the US/London markets overlapped, and again when Sydney/Tokyo markets overlapped. Then, we compared those to what’s typical in the industry.

Next, we looked at all the commissions and fees that aren’t related to trading, like charges for deposits, withdrawals, and being inactive. This gave us a clear idea of what costs to expect when you’re day trading currencies. Our best forex brokers give great prices, usually with spreads of less than 1 pip on the EUR/USD, and they often have no or small deposit/withdrawal charges and inactivity fees. Having said that, IC Markets is really good. It usually has the lowest cost for forex trading because they always have really low spreads.

Charting Platforms

We picked forex brokers with great platforms, looking for easy-to-use interfaces and charting tools since many day traders use technical analysis to find chances in the forex market. Since many people are trading forex on their phones, according to Astute Analytica, it’s important to be able to trade while on the go. After trying a lot of forex apps, we realized that not all mobile apps are as good as the desktop versions. Charts might not work well on phones, or you might not be able to use the app horizontally, which makes for a not-so-great experience.

Forex brokerages are increasingly developing their own software, but the two most popular third-party platforms, supported by the vast majority of online brokers, are still:

MetaTrader 4 (MT4): This is the gold standard for forex traders, with advanced charting, sophisticated technical analysis tools, multiple order types, and extensive customization, though we don’t like the clunky, outdated design.
MetaTrader 5 (MT5):This is the latest iteration of MetaTrader 4. It has more powerful features, including more order types, analysis tools and faster processing. This is our pick for automated forex trading.

Our best forex day trading brokers all deliver in the tooling department, with most offering the MetaTrader suite, as well as further proprietary and third-party platforms in some instances, with FOREX.com leading the way with its terrific web platform that we loved using during testing.

Regulation and Trust

We picked brokers approved by solid regulators to keep forex traders safe from scams. This is key because the US Commodity Futures Trading Commission (CFTC) says they’ve “seen a big jump in forex trading scams lately.” Choosing a well-regulated broker also means your account’s got safety nets. This includes protection from going into a negative balance so you can’t lose more than you have, limits on how much you can borrow to avoid huge losses, and rules about forex bonuses to stop people from trading too much.

Our best forex platforms are approved by a bunch of high-ranking agencies, according to DayTrading.com’s rating system. They’ve got good trust scores because of their licenses, how they’re seen in the business, and what our traders have said after trying them out. But, IG is the best choice because it has a lot of licenses and a safe place to trade forex. Plus, it has special tools to control risk that you cannot find anywhere else.

Order Execution

We picked forex platforms that execute orders quickly and reliably, ideally in under 100 milliseconds, without any requotes. This is important for short-term trading because the foreign exchange market moves so fast. The forex market changes a lot, even faster than stocks. Day traders have to take advantage of these quick changes to make cash. Forex brokers that execute orders fast can help make sure trades happen near the points you want, while also reducing slippage.

Day traders often use leverage to increase how much they can buy. This means small changes in currency value can lead to big wins or losses. Good execution can help make the most of the returns and also manage the risks. Most of the best forex brokers do well in terms of order quality. For example, Pepperstone is super fast, with speeds of around 30ms.

FAQ's

What Is Day Trading Forex?

Day trading forex involves speculating on the fluctuations in exchange rates between currencies, such as the EUR/USD or GBP/USD.

Day traders can make a profit by correctly predicting whether the value of one currency will rise or fall relative to another within the same trading day.

How Do I Start Forex Day Trading?

To start day trading forex you will need to open an account with an online broker. You will also need starting capital to fund your account and execute day trades.

Our analysis shows that many of the best forex day trading platforms accept new clients with a minimum deposit up to $250. However, some brokers stand out with no minimum investment, catering to budget traders – the highest-rated is Pepperstone.

Importantly, you will also need a strategy to help you decide which currency pairs to speculate on and when to exit and enter the market. A sensible approach to risk management is also required to ensure you do not lose more than you can afford.

What Is The Most Used Forex Trading Platform?

MetaTrader 4 (MT4) is the most popular forex trading platform.

The third-party trading solution, designed for trading currencies, is offered by the majority of online brokers as a desktop client, web trader and mobile app, having been downloaded from the App Store and Google Play more than 10 million times.