Broker Directory

20 forex and CFD brokers evaluated on transparency of public disclosures. Ranked by the BTI Score methodology.

20 of 20 brokers

#01

No Dealing Desk

NDD · Est. 2023

92Excellent

Hong Kong-based NDD broker offering dealer-free execution with publicly verifiable metrics, order routing transparency, and institutional-grade price feeds.

Public MetricsRouting DisclosedExecution Policy+3
Hong Kong (Company Reg. No. 75779652)
#02

Interactive Brokers

Hybrid · Est. 1978

63Good

US-headquartered brokerage offering institutional-grade access to global markets. Publicly listed with extensive regulatory reporting requirements.

Public MetricsExecution PolicyRegulated+1
SEC/FINRA (USA)FCA (UK)+3
#03

IC Markets

ECN · Est. 2007

61Good

Australia-headquartered broker offering ECN pricing with Raw Spread and Standard accounts. One of the highest-volume retail forex brokers globally.

Execution PolicyRegulated
ASIC (Australia)CySEC (Cyprus)+1
#04

Dukascopy

ECN · Est. 2004

59Average

Swiss-regulated bank and broker offering ECN/SWFX execution with a focus on transparency and institutional connectivity.

Public MetricsExecution PolicyRegulated
FINMA (Switzerland)
#05

Pepperstone

ECN · Est. 2010

58Average

Global forex and CFD broker with regulation across multiple jurisdictions. Offers Razor and Standard accounts with competitive spreads.

Execution PolicyRegulated
ASIC (Australia)FCA (UK)+3
#06

Saxo Bank

Hybrid · Est. 1992

57Average

Danish investment bank offering multi-asset trading across forex, equities, bonds, and more. Known for institutional-grade infrastructure.

Execution PolicyRegulated
DFSA (Denmark)FCA (UK)+3
#07

OANDA

Market Maker · Est. 1996

56Average

Established forex broker known for transparent pricing and historical data availability. Offers proprietary and third-party platforms.

Execution PolicyRegulated
FCA (UK)ASIC (Australia)+3
#08

IG

Market Maker · Est. 1974

55Average

One of the world's oldest and largest spread betting and CFD providers, listed on the London Stock Exchange with extensive regulatory coverage.

Execution PolicyRegulated
FCA (UK)ASIC (Australia)+3
#09

Forex.com

Market Maker · Est. 2001

54Average

US-regulated broker operated by StoneX Group. Offers forex and CFD trading with a focus on the American and global markets.

Execution PolicyRegulated
CFTC/NFA (USA)FCA (UK)+3
#10

CMC Markets

Market Maker · Est. 1989

53Average

London-listed spread betting and CFD broker with a proprietary Next Generation platform and extensive regulatory coverage.

Execution PolicyRegulated
FCA (UK)ASIC (Australia)+2
#11

FXCM

Hybrid · Est. 1999

52Average

Global forex and CFD broker with a long track record. Offers execution data publication and various trading platforms.

Execution PolicyRegulated
FCA (UK)ASIC (Australia)+1
#12

XTB

Market Maker · Est. 2002

50Average

European publicly-listed broker offering forex, CFDs, and stock trading with a proprietary platform and regulatory transparency as a public company.

Execution PolicyRegulated
FCA (UK)KNF (Poland)+2
#13

FP Markets

ECN · Est. 2005

49Average

Australian broker offering ECN pricing with a focus on tight spreads and fast execution across forex and CFDs.

Regulated
ASIC (Australia)CySEC (Cyprus)
#14

Tickmill

ECN · Est. 2014

48Average

Multi-regulated broker offering competitive trading conditions with a focus on forex and CFDs across multiple asset classes.

Regulated
FCA (UK)CySEC (Cyprus)+2
#15

Admirals

Hybrid · Est. 2001

47Average

Multi-regulated broker offering forex and CFD trading with a range of educational resources and multiple account types.

Regulated
FCA (UK)CySEC (Cyprus)+2
#16

Exness

Market Maker · Est. 2008

46Average

High-volume global broker known for high leverage offerings and instant execution across multiple asset classes.

Regulated
CySEC (Cyprus)FCA (UK)+2
#17

AvaTrade

Market Maker · Est. 2006

44Average

Multi-regulated broker offering forex, CFDs, and cryptocurrency trading with a proprietary mobile platform and extensive educational resources.

Regulated
CBI (Ireland)ASIC (Australia)+3
#18

Plus500

Market Maker · Est. 2008

43Average

Publicly listed CFD broker focused on a streamlined trading experience. Regulated in multiple jurisdictions with a proprietary platform.

Regulated
FCA (UK)ASIC (Australia)+3
#19

XM

Market Maker · Est. 2009

42Average

Large-scale global broker offering multiple account types with a focus on education and accessibility for retail traders.

Regulated
CySEC (Cyprus)ASIC (Australia)+1
#20

FBS

Market Maker · Est. 2009

35Low

Global broker offering forex and CFD trading with a focus on emerging markets and accessibility through low minimum deposits.

Regulated
CySEC (Cyprus)ASIC (Australia)+1