Find the right forex broker, without the guesswork.

A forex broker gives you access to the foreign exchange market so you can buy and sell currency pairs such as EUR/USD. Retail brokers typically offer trading through CFDs or spot FX with leverage.

The spread is the difference between the buy (ask) and sell (bid) price. It's the main trading cost on commission-free accounts. Raw or ECN accounts offer very tight spreads but charge a separate commission.

Check that the broker is authorised by a reputable regulator, such as the FCA (UK), ASIC (Australia), CFTC/NFA (US) or BaFin (Germany). Verify the licence number directly on the regulator's register, and confirm which legal entity your account will be opened with.

Regulators cap retail leverage. In the UK, EU and Australia the cap is 1:30 on major pairs, and in the US it's 1:50. Higher leverage is usually only available through offshore entities with weaker investor protections.

All-in cost = (the broker's published EUR/USD spread in pips × about £7.55 per pip) + round-turn commission, per standard lot, for a GBP account. Some brokers publish average spreads and others minimum ("from") spreads, so treat close results as similar. It's a quick way to compare commission-free and raw-spread accounts on equal terms. It does not include swap or overnight financing charges.

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