Forex and CFD broker comparison

(information last updated on 23 June 2016)


Forex broker comparison tool   Options broker comparison   Social trading comparison

Click on the column titles to list the brokers according to a particular category.

Forex BrokerYear FoundedCountryRegulated byFree demo (click on link)Other LanguagesSTP execution*Islamic AccountsContests
AvaTrade2006IrelandASIC, CBFSAI o 21 Dayso
n
o
 
ETX Capital2002UKFCA o 14 Dayso
n
  
Forex4You2007British Virgin IslandsFSC BVI o Unlimitedo
o
o
 
FxOpen2005UK / New ZealandFCA, FSPR, ASIC o Unlimitedo
o
L2
o
o
GKFX2010UKFCA o Unlimitedo
n
o
 
HotForex2010CyprusCySEC, FSC, FSB o Unlimitedo
o
o
o
IG Markets1974United KingdomFCA o 14 Dayso
o
  
InstaForex2007RussiaFFMS o Unlimitedo
n
o
o
LiteForex2005Seychelles Islandsn
 o Unlimitedo
o
 o
Markets.com2009CyprusCySec, ASIC o Unlimitedo
n
o
 
Pepperstone2010AustraliaASIC o 30 Daysn
o
  
Plus500 2009UKFCA, CySEC o Unlimitedo
n
  
Tradeo2012MaltaCySEC o Unlimitedo
o
  
XM2009CyprusFCA, CySEC, ASIC o Unlimitedo
n
o
o

* An STP (Straight-Through-Processing) broker provides direct access to the interbank market, it does not intervene in the execution of orders (No Dealing Desk).

Forex BrokerTrading platformMobile tradingMin. Lot Max. Lev. Scalping HedgingOCOTrailing Stop
AvaTrade  MetaTrader 4
  ActTrader
o
  1000400:1n
o
o
o
ETX Capital  MetaTrader 4
  ETX TraderPro
o
  1000200:1n
n
o
o
Forex4You  MetaTrader 4o
  10500:1o
o
n
o
FxOpen  MetaTrader 4o
  100500:1o
o
n
o
GKFX  MT4, WebTradero
  1000400:1o
o
o
o
HotForex  MT4, Currenexo
  10001000:1o
o
n
o
IG Markets  MT4, DMA, webo
  10000100:1o
o
o
o
InstaForex  MetaTrader 4o
  1001000:1o
o
n
o
LiteForex  MetaTrader 4o
  1001000:1o
o
n
o
Markets.com  MetaTrader 4
  Sirix WebTrader
  Markets Trader
o
  1000200:1n
o
o
o
Pepperstone  MetaTrader 4
  cTrader
o
  1000400:1o
o
n
o
Plus500  Plus500o
  2500200:1n
o
n
o
Tradeo  MetaTrader 4
  Tradeo
o
  1000200:1o
o
n
o
MT4
XM  MetaTrader 4o
  10888:1o
o
n
o

 

NameMirror Trading Social PAMM MyfxbookZuluTradeTradency SirixAutochartistTrading Central Free VPS
AvaTrade   o
o
  
 
ETX Capital o
    o
  
Forex4Youo
Share4You
o
     o
 
FxOpen o
 o
     
GKFX      o
o
o
HotForexo
Titans
o
     o
o
IG Markets      
 
Min balance 5,000
InstaForex o
       
LiteForex o
   o
   
Markets.com     o
o
o
 
Pepperstone  o
      
Plus500         
Tradeoo
Tradeo
        
XM   o
    o

 

Note: Although deposit minimums listed below are listed in US dollars or in euros, these brokerage firms usually welcome traders from any country, no matter what your national currency is. Use the Forex-Central.net currency converter to calculate these minimums in your currency.
Forex BrokerMin. Deposit BankBonusBT*CC*CH*PP*Sk*WB*CU*WU*AP*EG*NT*MG*
AvaTrade100€/$/£Commerzbank
Germany
o
o
o
 o
o
o
 o
  o
o
ETX Capital200€/$/£ o
o
o
o
         
Forex4You1€/$/£OCBC Bank, BES, PPF Banka, ABLVo
o
o
  o
o
    o
 
FxOpen1€/$/£Baltikums,
Latvia
o
o
    o
  o
o
  
GKFX0€/$/£ o
o
o
  o
       
HotForex50€/$/£Barclays
Mauritius
o
o
o
  o
o
  o
 o
 
IG Markets15€/$/£  o
o
          
InstaForex1€/$Hellenic Bank
Russia
o
o
o
  o
o
  o
   
LiteForex10€/$ o
o
o
  o
 o
 o
   
Markets.com100€/$ o
o
o
   o
      
Pepperstone200€/$/£Local bank transfers o
o
 o
      o
 
Plus500 100€/$/£ o
o
o
 o
o
       
Tradeo250€/$ o
o
o
          
XM$5Barclays Cypruso
o
o
  o
  o
  o
o

* (BT: Bank Transfer) - (CC: Credit Card) - (CH: Check) - (PP: Paypal) - (Sk: Skrill/Moneybookers) - (WB: WebMoney) - (CU: CashU) - (WU: Western Union) - (AP: Alertpay) - (EG: e-gold) - (NT: Neteller) - (MG: Moneygram)


Forex BrokerCurrenciesMetalsCommoditiesShare CFDs Index CFDsFunds / ETF OptionsBonds
AvaTradeo
48 pairs
o
3
o
11
o
53
o
21
o
o
o
ETX Capitalo
51 pairs
o
5
o
75
o
2983
o
40
o
77
o
 
Forex4Youo
51 pairs
o
2
o
5
o
36
o
6
   
FxOpeno
28 pairs
o
2
o
3
 o
13
   
GKFXo
50 pairs
o
2
o
5
o
300+
o
14
   
HotForexo
45 pairs
o
5
o
4
o
34
o
12
   
IG Marketso
93 pairs
o
2
o
6
o
8000+
o
33
o
5000+
o
 
InstaForexo
109 pairs
o
5
o
14
o
34
  o
 
LiteForexo
42 pairs
o
2
 o
31
    
Markets.como
44 pairs
o
2
o
8
o
78
o
21
  o
Pepperstoneo
52 pairs
o
2
  o
14
   
Plus500 CFDs ONLY!o
60+ pairs
o
2
o
15
o
2000+
o
18
o
74
o
 
Tradeoo
53 pairs
o
5
o
2
 o
13
   
XMo
54 pairs
o
2
o
7
 o
18
   

 

Spread in pips *EUR/USDEUR/GBPGBP/USD EUR/CHFUSD/CADUSD/CHFUSD/JPYGBP/JPYEUR/JPYAUD/USD Gold
AvaTrade1 - 31.9 - 31.8 - 41.7 - 41.8 - 42 - 40.9 - 33.3 - 71.8 - 41.8 - 460
ETX Capital0.7 - 1.41.5 - 1.80.9 - 22.4 - 2.62.6 - 30.9 - 2.40.9 - 1.83.9 - 40.9 - 2.20.9 - 1.540 - 60
Forex4You2333332633100
FxOpen2333432733100
GKFX1.82.32.35.54.362.363.33.350
HotForex~ 1.6~ 1.7~ 2.5~ 2.4~ 1.9~ 1.9~ 1.7~ 3.6~ 1.9~ 1.7~ 29
IG Markets ~ 1.01~ 2 ~ 1.8~ 3 ~ 3.5~ 2.9 ~ 1.5~ 3.5 ~ 2.5 ~ 1.09 ~ 40
InstaForex **33 - 533 - 5333733100
LiteForex ~ 1.8~ 2.4~ 2.4~ 2.2~ 1.9~ 2.2~ 1.8~ 3.2~ 2.5~ 2.1~ 60
Markets.com~ 2.2~ 3.1~ 2.8~ 3.9~ 3.6~ 2.9~ 2.4~ 5.3~ 3~ 3.170
Pepperstone0.5 - 1.81 - 2.41 - 2.21.2 - 4.4 1.1 - 2.4 1 - 2.9 1 - 1.7 1 - 3.2 1 - 2.2 1 - 1.8 60 - 70
Plus500 CFDs ONLY!151455295560
Tradeo~ 2.2~ 2.2~ 2.3~ 2.2~ 2.2~ 2.2~ 2.2~ 3.75~ 2.2~ 2.240
XM~ 1.9~ 2.5~ 2.6~ 3.1~ 2.6~ 2.5~ 2~ 5.4~ 2.7~ 2.5~ 50

* With most brokers, spreads are variable. They depend on current market conditions and can change at any time.
** When you open an InstaRebate account, you get a 1.5-pip rebate on each trade, or $15 per standard lot.

DMA/STP brokersSpread + Commission for 1 standard lot (100k)*Min. Deposit
FxOpen (L2) interbank spreads + $1.80 to $2.50$100 (or equiv.)
HotForex (Currenex)interbank spreads + $3 to $5$500 (or equiv.)
IG Markets interbank spreads + $3 to $6 £1,000 (or equiv.)
Pepperstone (Razor)interbank spreads + $3.76200$/€

* The commission is billed twice (upon opening + closing a trade).

Previous: What is the A Book and B Book that forex brokers use? Next: Forex market players