All Forex Brokers Compared 2026
Vantage against every major competitor — IC Markets, Exness, Pepperstone, IG, XTB, CMC Markets, FxPro, OANDA, AvaTrade and eToro — on typical EUR/USD, GBP/USD and XAU/USD spreads, commission, regulation, minimum deposit and withdrawal speed. Vantage is our featured advertising partner; we may earn a commission if you open an account through our link.
Winner on total cost: Vantage
Only Vantage combines 0.0 pip raw spreads with $3 per side commission — every other raw-spread broker here charges $3.50. On 10 standard lots a month that is a $100 difference before you count the $50 minimum deposit, FCA-regulated UK entity and same-day withdrawals.
| Broker | EUR/USD | GBP/USD | XAU/USD | Commission | Min deposit | Regulation | Withdrawals | Compare |
|---|---|---|---|---|---|---|---|---|
| VantageTop pick | 0.0 pips (Raw ECN) | 0.1 pips | 0.08 pips | $3 per side per lot (Raw ECN) | $50 | FCA (UK entity), ASIC, VFSC, CIMA | Same day to 24 hours (card, bank, e-wallet) | Visit Vantage → |
| IC Markets | 0.0 pips (Raw) | 0.1 pips | 0.10 pips | $3.50 per side per lot (Raw) | $200 | ASIC, CySEC, FSA (Seychelles) | 1-2 business days | vs Vantage |
| Exness | 0.0 pips (Raw Spread) | 0.1 pips | 0.16 pips | From $3.50 per side per lot (Raw Spread/Zero) | $10 | FCA, CySEC, FSCA, FSA (Seychelles) | Instant to 24 hours (automated processing) | vs Vantage |
| Pepperstone | 0.1 pips (Razor) | 0.2 pips | 0.12 pips | $3.50 per side per lot (Razor) | No minimum (£/$200 suggested) | FCA, ASIC, CySEC, DFSA, BaFin | 1-3 business days | vs Vantage |
| FxPro | 0.3 pips (Raw+) | 0.4 pips | 0.20 pips | $3.50 per side per lot (Raw+) | $100 | FCA, CySEC, FSCA, SCB | 1-3 business days | vs Vantage |
| XTB | 0.5 pips | 0.8 pips | 0.28 pips | Spread-only on forex | No minimum | FCA, KNF, CySEC, IFSC | Same day to 2 business days | vs Vantage |
| CMC Markets | 0.5 pips | 0.9 pips | 0.30 pips | Spread-only on forex | No minimum | FCA, ASIC, BaFin, MAS | 1-3 business days | vs Vantage |
| IG | 0.6 pips | 0.9 pips | 0.30 pips | Spread-only on forex | £250 (card £1) | FCA, ASIC, BaFin, MAS, CFTC | 1-3 business days | vs Vantage |
| OANDA | 0.6 pips | 0.9 pips | 0.35 pips | Spread-only (core pricing available) | No minimum | FCA, ASIC, CFTC/NFA, MAS | 1-2 business days | vs Vantage |
| AvaTrade | 0.9 pips | 1.5 pips | 0.34 pips | Spread-only, inactivity fee applies | $100 | Central Bank of Ireland, ASIC, FSCA, FSA Japan | 1-3 business days | vs Vantage |
| eToro | 1.0 pips | 1.5 pips | 0.45 pips | Spread-only, $5 withdrawal fee | $50 | FCA, CySEC, ASIC | 1-2 business days | vs Vantage |
Broker-by-broker verdict
Vantage · founded 2009
Our top pick. Raw ECN from 0.0 pips with the lowest commission of the raw-spread group ($3 vs $3.50), an FCA-regulated UK entity, a $50 minimum and same-day withdrawals.
UK clients onboarded to the FCA-regulated entity get FSCS eligibility and negative balance protection. Offshore or professional-client accounts give up both.
IC Markets · founded 2007
Matches Vantage on raw spreads but charges $3.50 per side, needs $200 to open and has no FCA UK entity.
No FCA-regulated UK entity, so UK clients are onboarded offshore without FSCS cover.
Exness · founded 2008
Very low entry ($10) and fast automated withdrawals, but $3.50 per side commission and most retail clients are onboarded offshore without FSCS cover.
FCA-regulated UK entity exists, but most retail clients are onboarded offshore without FSCS cover or negative balance protection beyond the EU/UK entities.
Pepperstone · founded 2010
Solid FCA broker, but Razor spreads start wider (0.1 pips) and commission is $3.50 per side.
FCA-regulated UK entity with FSCS cover and negative balance protection for retail clients.
FxPro · founded 2006
Raw+ from 0.3 pips — around 3x Vantage's EUR/USD spread before commission.
FCA-regulated UK entity; FSCS cover for eligible retail clients.
XTB · founded 2002
Good platform, but spread-only pricing at 0.5 pips is costly for active traders.
FCA-regulated UK entity; FSCS cover for eligible retail clients.
CMC Markets · founded 1989
Strong regulation and tools, 0.5 pips spread-only on EUR/USD.
LSE-listed and FCA-regulated; FSCS cover for eligible UK retail clients.
IG · founded 1974
The most established name here, but 0.6 pips on EUR/USD and £250 to open.
LSE-listed and FCA-regulated; FSCS cover for eligible UK retail clients.
OANDA · founded 1996
Reliable and no minimum deposit, though 0.6 pips is well above raw pricing.
FCA-regulated UK entity; FSCS cover for eligible retail clients.
AvaTrade · founded 2006
No FCA entity for UK retail clients and 0.9 pips on EUR/USD, plus inactivity fees.
No FCA entity for UK retail clients; EU/offshore entities instead.
eToro · founded 2007
Best for social copy trading, worst on cost: 1.0 pips and a $5 withdrawal fee.
FCA-regulated UK entity; FSCS cover for eligible retail clients.
Ready to trade the tightest spreads?
Vantage came out cheapest on total cost in this comparison. Accounts open from $50.
Spreads are typical advertised values and vary with market conditions. Vantage is an advertising partner and links to Vantage are affiliate links — we may earn a commission at no extra cost to you. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs.