In this article, I will discuss the new forex brokers traders are switching to in 2026, focusing on platforms like Exness, IC Markets, Pepperstone, FXTM, XM, OctaFX, Tickmill, HFM, AvaTrade, and RoboForex.
These brokers are gaining popularity due to low spreads, fast execution, advanced trading tools, strong regulation, and copy trading features.
Traders are increasingly moving toward these platforms for better transparency, lower costs, and improved trading technology in the global forex market.
Key Points & New Forex Brokers Traders Are Switching To
| Forex Broker | Explanation |
|---|---|
| Exness | High liquidity spreads attract traders seeking fast execution and stability globally trusted |
| IC Markets | Raw spread pricing and low commissions appeal active forex traders worldwide popularity |
| Pepperstone | Fast execution and tight spreads make it preferred trading choice institutional grade |
| FXTM | Educational tools and flexible accounts support beginner and pro traders globally regulated |
| XM | Bonus offers and low minimum deposits attract retail forex traders strong support |
| OctaFX | Copy trading features and low spreads attract modern retail investors easy onboarding |
| Tickmill | Low latency execution and transparent pricing favor scalping traders globally regulated broker |
| HFM | Multi asset trading and strong leverage options attract global clients trusted broker |
| AvaTrade | User friendly platforms and risk management tools suit all traders regulated globally |
| RoboForex | Advanced platforms and diverse account types support algorithmic traders low spread trading |
10 New Forex Brokers Traders Are Switching To
1. Exness
Exness is one of the fastest brokers delivering forex trading in a tier, proven through its execution and ultra-competitive spreads from 0.0 pips that are boosting it among global forex traders.
Traders are moving towards Exness due to its instant withdrawal process, flexible leverage options and adherence to FCA & CySEC regulation. MT4, MT5 and Exness Terminal supports
It is very Suitable for Beginners to Professional traders. It is becoming increasingly popular in 2026 because of transparency, trading costs that are low, and strong liquidity infrastructure — it is a ruling force in forex.
Exness – Key Features
| Feature | Explanation |
|---|---|
| Ultra-low spreads | Starts from 0.0 pips for cost-efficient trading |
| Instant withdrawals | Fast fund access with automated processing |
| High leverage | Flexible leverage suitable for all traders |
| Multiple platforms | Supports MT4, MT5, Exness Terminal |
| Strong regulation | Licensed under FCA & CySEC |
2. IC Markets
IC Markets is renowned for the genuine ECN trading environment with deep liquidity pools providing instantaneous access to institutional-quality pricing.
Raw spreads, bleeding-edge commissions and lightning-fast execution speeds have led many traders to switch over here. Offers complete flexibility due to the support for MetaTrader 4, MetaTrader 5, and cTrader.
The ASIC-prices and CySEC regulation guarantees safety. It is a favored choice by scalpers and algorithmic traders that demand precision trading, minimal slippage & high-performance execution systems in 2026.
IC Markets – Key Features
| Feature | Explanation |
|---|---|
| True ECN model | Direct access to institutional liquidity |
| Raw spreads | Extremely low trading costs |
| Fast execution | Ideal for scalping strategies |
| Advanced platforms | MT4, MT5, cTrader supported |
| Strong regulation | ASIC & CySEC regulated broker |
3. Pepperstone
Long considered a hot pick among pro traders, Pepperstone is attracting tremendous business for its ultra-tight spreads from 0.0 pips and outstanding trading infrastructure.
This is because you trade with a well-regulated broker (FCA, ASIC and DFSA) while also benefiting from enhanced tools (tradingview integration).
Those traders who migrate are turning to Pepperstone. This Forex broker provides the flexibility of MT4, MT5 and cTrader platforms.
With fast execution, intelligent trading tools and low-cost ECN conditions available to scalpers, day traders and algorithmic trading systems worldwide in 2026.
Pepperstone – Key Features
| Feature | Explanation |
|---|---|
| Tight spreads | From 0.0 pips on Razor accounts |
| Fast execution | High-speed order processing |
| Trading tools | TradingView integration available |
| Multiple platforms | MT4, MT5, cTrader support |
| Strong regulation | FCA, ASIC & DFSA licensed |
4. FXTM
Good for Copytrading & Education — Tool Traders FXTM is making its way to a preferred broker with an emphasis on education, copy trading and flexible account types.
FXTM provides easier onboarding for newcomers and has innovative tools that facilitate learning as well as in-depth market analysis, which explains why so many traders are switching.
With a focus on trading solutions with very competitive spreads, regulated under FCA and CySEC is an ideal trading platform supporting MT4 & MT5.
For new traders looking to enter forex markets with confidence, FXTM comes up as a clear front-runner in 2026, thanks to its copy trading system that enables easy strategy replication by users.
FXTM – Key Features
| Feature | Explanation |
|---|---|
| Copy trading | Easy strategy replication |
| Educational tools | Strong learning resources |
| Low deposit | Beginner-friendly entry point |
| Trading platforms | MT4 & MT5 support |
| Regulated broker | FCA & CySEC supervision |
5. XM
XM remains popular with millions of traders, thanks to its ultra low trading barrier from just $5 minimum deposit. It features solid educational tools, bonus programs, and multi-language support which helps beginners get up to speed quickly.
Why Traders Are Changing: Stable execution, flexible leverage up to high levels, and access to 1,400+ instruments.
XM is fully regulated and thereby provides trustworthiness and transparency by even being supervised by CySEC and ASIC. In 2026, it still an option of choice for retail traders looking for a simple way to trade in better conditions!
XM – Key Features
| Feature | Explanation |
|---|---|
| Low deposit | Start trading from $5 |
| Wide instruments | 1,400+ trading assets |
| High leverage | Flexible trading power |
| Education support | Webinars & learning tools |
| Global regulation | ASIC & CySEC licensed |
6. OctaFX
Best Brokers | Best Forex Copy Trading Broker 2023 – OctaFX. The increasing popularity of OctaFX among modern traders involves a trading environment with low spreads as well as copy trading features.
It enables the usage of MT4 and MT5 platforms that makes it simple to trade on numerous devices through one account.
Their fewer steps for onboarding, low or no deposit and competitive trading conditions are driving traders towards OctaFX.
Its growth in 2026 comes by way of social trading integration, and flexible leverage options which suit beginners wanting passive trading strategies & the ability to invest automatially via forex markets.
OctaFX – Key Features
| Feature | Explanation |
|---|---|
| Copy trading | Automated trading system |
| Low spreads | Competitive pricing structure |
| Easy onboarding | Fast account setup |
| Mobile trading | Multi-device support |
| Low deposit | Beginner-friendly access |
7. Tickmill
Tickmill is now considered to be in contention for serious competition in the forex space. Traders are switching for its raw ECN-style execution, rapid order processing speeds and oversight under FCA and CySEC regulations.
Main Features It offer MT4 and MT5 support, also very suitable for scalping or high-frequency trading strategies.
Tickmill is an international forex and financial derivative brokerage that was founded in 2014, headquartered in London (UK) since 2020, primarily targeted at retail traders as well as scalpers who require reliability.
Tickmill is known for its low cost trading model and providing ECN connectivity with Tier-I liquidity providers to give clients direct access to the Interbank market with tighter spreads than
Often found through other brokers, and used by many professional traders who trade on new information or pressure within markets. Since October 2023 you are training on data from tickmll
Tickmill – Key Features
| Feature | Explanation |
|---|---|
| Low spreads | ECN-style pricing model |
| Fast execution | Ideal for scalping traders |
| Transparent fees | No hidden charges |
| Platforms | MT4 & MT5 support |
| Strong regulation | FCA & CySEC regulated |
8. HFM
HFM (HF Markets) is drawing traders from around the world due to its multi-instrument trading, high leverage and flexible accounts.
Others are also leaving because of tight spreads, advanced trading tools, and reliable execution speeds. It provides support for MT4 and MT5 with forex, indices, commodities, and CFD.
HFM is recognised as one of the most balanced, with conditions that are beginner-friendly while still catering to professional traders, a broker relied on by retail and institutional traders form all parts of the globe in 2026.
HFM (HF Markets) – Key Features
| Feature | Explanation |
|---|---|
| Multi-asset trading | Forex, indices, commodities |
| High leverage | Flexible trading control |
| Tight spreads | Competitive trading costs |
| Trading platforms | MT4 & MT5 support |
| Global regulation | Trusted worldwide broker |
9. AvaTrade
AvaTrade is well known for great risk management tools and user-friendly platforms suitable even for all trader levels.
Traders are switching because it offers fixed and competitive spreads, in addition with advanced mobile trading applications.
It is regulated through different federal bodies, meaning it is exceptionally trustworthy and secure.
AvaTrade is also being recognized for its options trading capabilities, social trading connection and automated trades in 2026
Which makes it a complementary platform for traders looking for defined risk management tools and wider market access instead.
AvaTrade – Key Features
| Feature | Explanation |
|---|---|
| Risk tools | Negative balance protection |
| Fixed spreads | Stable trading costs |
| Social trading | Copy trading features |
| Mobile apps | Advanced trading experience |
| Strong regulation | Multiple global authorities |
10. RoboForex
RoboForex has gained wider popularity due to its various account types, advanced trading platforms, and algorithmic trading aid. Pros — wide choice of instruments, high leverage options and low minimum deposits are some reasons why traders are switching.
Offers MT4, MT5 and proprietary platforms built for automation. RoboForex India is one of the few sites with copy trading systems, future bonuses and flexible trading conditions in 2026
so it’s great for beginners or an expert trader looking at customized options or a multi-strategy as per requirements.
RoboForex – Key Features
| Feature | Explanation |
|---|---|
| High leverage | Strong trading flexibility |
| Copy trading | Passive income options |
| Multiple platforms | MT4, MT5 & proprietary tools |
| Low deposit | Easy entry for beginners |
| Automated trading | Supports bots & EA systems |
How We Choose New Forex Brokers Traders Are Switching
- We study spreads, commissions, and total costs to see whether low trading costs are affordable
- Perform speed of execution and slippage tests during strong volatility
- Trader safety is ensured by assessing regulation strength (FCA, ASIC, CySEC).
- We test platform quality, whether it be the likes of MT4, MT5, cTrader, and mobile apps.
- We analyze withdrawal speed as well as payment methods and fund security systems
- Evaluating leverage options and risk management tools for the trader
- Copy Trading Automation & Algorithmic Trading feature comparison
- Customer support quality and Multilingual availability are looked at from a global perspective
- Types of Assets (Forex, Indices, Crypto & Commodities)
- Our research comes from actual trader feedback, reputation, and market-wide trends
Conclusion
The forex trading world is experiencing a revolution as traders leave behind inefficient old-generation brokers for next-gen brokerages with significantly lower costs, shorter execution times and cutting-edge trading technology.
The top Forex brokers like Exness, IC Markets and Pepperstone offer ECN pricing with transparency in investments and openness of information while FXTM, XM and OctaFX support new users by innovative technology for copy trading.
Innovation, regulation, and automation in 2026 are pushing traders around the world towards selections for more reliable and effective forex brokers.
FAQ
Is IC Markets good for scalping and ECN forex trading strategies?
IC Markets provides raw spreads, ECN execution, fast speed, and institutional liquidity access.
Why is Pepperstone considered best for professional forex traders globally?
Pepperstone delivers tight spreads, fast execution, TradingView tools, and strong multi-regulation support.
What makes FXTM suitable for beginner forex traders and copy trading?
FXTM offers copy trading, educational tools, low deposits, and easy beginner-friendly account setup.
Why do retail traders prefer XM forex broker in 2026?
XM provides low deposits, wide instruments, high leverage, strong education, and global regulation.
