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Online Brokerage Comparison Tool

December 27, 2022

The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. To best support your experience, providers are displayed based on your geo location. Please note: Product offerings may vary depending on your country of residence.

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Overall RatingIGCMC MarketsFOREX.comPlus500
Overall Rating 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars
Trust Score 99 99 99 98
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Review IG Review CMC Markets Review FOREX.com Review Plus500 Review
RegulationIGCMC MarketsFOREX.comPlus500
Trust Score 99 99 99 98
Year Founded 1974 1989 1999 2008
Publicly Traded (Listed) Yes Yes Yes Yes
Bank Yes No No No
Authorised in European Union Yes info Yes info Yes info Yes info
Tier-1 Licenses 7 5 4 4
Tier-2 Licenses 2 1 2 4
Tier-3 Licenses 1 0 1 0
Tier-1 Licenses (High Trust)IGCMC MarketsFOREX.comPlus500
ASIC Authorised (Australia) Yes Yes No Yes
IIROC Authorised (Canada) No Yes Yes No
SFC Authorised (Hong Kong) No No No No
CBI Authorised (Ireland) No No No No
FSA Authorised (Japan) Yes No Yes Yes
MAS Authorised (Singapore) Yes Yes No Yes
FINMA Authorised (Switzerland) Yes No No No
FCA Authorised (U.K.) Yes Yes Yes Yes
CFTC Registered (USA) Yes No Yes No
FMA Authorised (New Zealand) Yes Yes No Yes
Tier-2 Licenses (Average Trust)IGCMC MarketsFOREX.comPlus500
CBRC Authorised (China) No No No No
CySEC Authorised (Cyprus) No No Yes Yes
SEBI Authorised (India) No No No No
ISA Authorised (Israel) No No No Yes
CBR Authorised (Russia) No No No No
FSCA Authorised (South Africa) Yes No No Yes
SEC Authorised (Thailand) No No No No
DFSA / Central Bank Authorised (UAE) Yes Yes Yes Yes
Tier-3 Licenses (Low Trust)IGCMC MarketsFOREX.comPlus500
SCB Authorised (Bahamas) No No No No
FSC Authorised (Belize) No No No No
CIMA Authorised (Cayman Islands) No No Yes No
BMA Authorised (Bermuda) Yes No No No
FSC Authorised (British Virgin Islands) No No No No
FSC Authorised (Mauritius) No No No No
VFSC Authorised (Vanuatu) No No No No
InvestmentsIGCMC MarketsFOREX.comPlus500
Forex Trading (Spot or CFDs) Yes Yes Yes Yes
Tradeable Symbols (Total) 19537 12377 5500 2800
Forex Pairs (Total) 100 158 91 65
U.S. Stock Trading (Non CFD) Yes Yes No Yes
Int'l Stock Trading (Non CFD) Yes Yes No Yes
Social Trading / Copy Trading Yes Yes No No
Cryptocurrency (Physical) No No No No
Cryptocurrency (CFD) Yes Yes Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.
CostIGCMC MarketsFOREX.comPlus500
Average Spread EUR/USD - Standard 0.86 info 0.51 info 1.0 info 0.8
All-in Cost EUR/USD - Active 0.5957 info 0.51 info 1.0 info N/A
Active Trader or VIP Discounts Yes Yes Yes No
Execution: Agency Broker Yes No No No
Execution: Market Maker Yes Yes Yes Yes
FundingIGCMC MarketsFOREX.comPlus500
Minimum Deposit £250.00 $0 $100 €100
PayPal (Deposit/Withdraw) Yes Yes Yes Yes
Skrill (Deposit/Withdraw) No No No No
Visa/Mastercard (Credit/Debit) Yes Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes Yes
Trading PlatformsIGCMC MarketsFOREX.comPlus500
Proprietary Platform Yes Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes No
Web Platform Yes Yes Yes Yes
Social Trading / Copy Trading Yes Yes No No
MetaTrader 4 (MT4) Yes Yes Yes No
MetaTrader 5 (MT5) No No Yes No
cTrader No No No No
DupliTrade No No No No
ZuluTrade No No No No
Trading Platforms Gallery (click to expand)
Trading ToolsIGCMC MarketsFOREX.comPlus500
Virtual Trading (Demo) Yes Yes Yes Yes
Alerts - Basic Fields Yes Yes Yes Yes
Watchlists - Total Fields 14 9 20 9
Charting - Indicators / Studies (Total) 33 84 203 110
Charting - Drawing Tools (Total) 20 40 25 21
Charting - Trade From Chart Yes Yes Yes No
Charts can be saved Yes Yes Yes Yes
Mobile TradingIGCMC MarketsFOREX.comPlus500
Android App Yes Yes Yes Yes
Apple iOS App Yes Yes Yes Yes
Mobile Alerts - Basic Fields Yes Yes Yes Yes
Mobile Watchlist Yes Yes Yes Yes
Watchlist Syncing Yes Yes Yes Yes
Mobile Charting - Indicators / Studies 33 29 88 110
Mobile Charting - Draw Trendlines Yes Yes Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes Yes Yes
Mobile Charting - Drawings Autosave Yes Yes Yes No
Forex Calendar Yes Yes Yes Yes
Mobile Trading Gallery (click to expand)
ResearchIGCMC MarketsFOREX.comPlus500
Daily Market Commentary Yes Yes Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes No
Autochartist Yes Yes No No
Trading Central (Recognia) No Yes Yes Yes
Social Sentiment - Currency Pairs Yes Yes Yes Yes
Economic Calendar Yes Yes Yes Yes
Research Gallery (click to expand)
EducationIGCMC MarketsFOREX.comPlus500
Has Education - Forex or CFDs Yes Yes Yes Yes
Client Webinars Yes Yes Yes Yes
Client Webinars (Archived) Yes Yes No Yes
Videos - Beginner Trading Videos Yes Yes Yes Yes
Videos - Advanced Trading Videos Yes Yes No Yes
Investor Dictionary (Glossary) Yes Yes Yes No
Education Gallery (click to expand)
Major Forex PairsIGCMC MarketsFOREX.comPlus500
GBP/USD Yes Yes Yes Yes
USD/JPY Yes Yes Yes Yes
EUR/USD Yes Yes Yes Yes
USD/CHF Yes Yes Yes Yes
USD/CAD Yes Yes Yes Yes
NZD/USD Yes Yes Yes Yes
AUD/USD Yes Yes Yes Yes
Review IG Review CMC Markets Review FOREX.com Review Plus500 Review
OverallIGCMC MarketsFOREX.comPlus500
Overall Rating 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars
Trust Score 99 99 99 98
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Review IG Review CMC Markets Review FOREX.com Review Plus500 Review
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