Forex and CFD broker comparison

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

The information displayed on this page is presented on an indicative basis. It relies on the data published by brokers on their respective websites and there may be a lag in the updating of their data on this broker comparison page.

(information last updated on 16 November 2020)


Social trading comparison  Quebec and Canadian brokers

Forex brokerYear foundedCountryRegulated by**Free demoNegative balance protectionSTP execution*Islamic accounts
2001United Kingdom / AustraliaFCA, ASIC, CySECUnlimitedo
o
o
2006IrelandASIC, CBFSAI, FRSA, BVI FSC, FSCA, JFSA21 Dayso
n
o
2001CyprusCySEC, ASIC, FSAUnlimitedo
n
o
2007British Virgin IslandsBVI FSCUnlimited o
o
FPMarkets2005Australia, CyprusASIC, CySEC30 Days o
o
2005UK / NevisFCA, FSPR, ASICUnlimited o
L2
o
2010CyprusCySEC, FCA, DFSA, FSCA, FSAUnlimitedo
o
o
2010UK / Australia FCA, ASIC, CySEC, BaFin, DFSA, SCB, CMA 30 Dayso
o
o
2008IsraelFCA***, CySEC****Unlimitedo
n
o
2009
2015
2017		Cyprus
Australia
Belize		CySEC
ASIC
IFSC		Unlimitedo
n
o
2002Poland / United KingdomFCA, KNF, CySEC, IFSC, CNMV30 Dayso
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).
**ASIC: Australia, BVI FSC: British Virgin Islands, CBFSAI: Ireland, CNMV: Spain, CMA: Kenya, CySEC: Cyprus, DFSA: Dubaï, FCA: United Kingdom, FRSA: Abu Dhabi, FSA: Seychelles, FSC: Mauritius, FSCA: South Africa, FSPR: New Zealand, IFSC: Belize, JFSA: Japan, KNF: Poland, SCB: Bahamas
***Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909)
****Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14)
Plus500: CFD Service. 76.4% of retail CFD accounts lose money.

Forex BrokerTrading platformMin. Lot (EUR/USD)Max. Lev.
(individuals)		Max. Lev.
(professionals)		 Scalping HedgingOCOTrailing Stop
  MetaTrader 4 and 5  100030:1500:1o
o
o
o
  MetaTrader 4
  ActTrader		  100030:1400:1n
o
o
o
  MetaTrader 4
  easyMarkets		  500030:130:1o
o
n
o
  MetaTrader 4  1030:1500:1o
o
n
o
FPMarkets  MetaTrader 4 and 5,   IRESS, Webtrader  1000500:1500:1o
o
o
o
  MetaTrader 4 and 5  10030:1500:1o
o
n
o
  MetaTrader 4 and 5  100030:11000:1o
o
n
o
  MetaTrader 4
  cTrader		  100030:1500:1o
o
o
cTrader		o
  Plus500  varies30:1300:1n
o
n
o
  MetaTrader 4 and 5  100030:1500:1o
o
n
o
  MetaTrader5,   xStation5  10000500:1500:1o
o
n
o

 

NameSocial Trading MQL5 SignalsZuluTradeAutochartistTrading CentralFree VPS
 o
 o
o
 
 o
o
 
 o
  
 
o
Share4You		o
  o
 
FPMarkets o
 o
 o
o
o
o
  o
o
o
o
o
 o
o
Duplitrade		o
o
o
 o
      
 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 BankBT*CC*PP*Sk*WB*NT*
100€/$/£Barclays UKo
o
 o
 o
100€/$/£ Commerzbank Germanyo
o
o
o
o
o
100€/$/£Barclays UK, Ingenico Germanyo
o
 o
o
o
1€/$/£OCBC Bank, BES, PPF Banka, ABLVo
o
 o
o
o
FPMarkets100 USD/€/AUDCommonwealth Banko
o
o
o
 o
1€/$/£ Baltikums, Latviao
o
 o
o
 
50€/$/£Barclays UKo
o
 o
 o
150€/$/£Local bank transferso
o
o
o
 o
100€/$/£ o
o
o
o
  
5€/$/£Barclays Cypruso
o
 o
o
o
1€/$/£HSBCo
o
o
   

*(BT: Bank Transfer) - (CC: Credit Card) - (PP: Paypal) - (Sk: Skrill/Moneybookers) - (WB: WebMoney) - (NT: Neteller)


Forex BrokerCurrenciesMetalsCommoditiesCrypto-currenciesShare CFDs Index CFDsFunds / ETF Bonds
47 pairs610223,689273852
55 pairs5121471931212
115 pairs26123 15  
51 pairs255366  
FPMarkets50 pairs41512,00020  
28 pairs2343 13  
51 pairs2385312 3
61 pairs2756414  
61 pairs312131,8102380 
55 pairs28 1,00018  
49 pairs721251,727261513

 

Spread in pips *EUR/USDEUR/GBPGBP/USDEUR/CHFUSD/CADUSD/CHFUSD/JPYGBP/JPYEUR/JPYAUD/USDGold
~ 0.6~ 1~ 1~ 3.8~ 1.6~ 2.9~ 0.9~ 2.5~ 1.6~ 120
~ 0.9~ 1.5~ 1.6~ 2~ 2~ 1.6~ 1.1~ 2.5~ 1.8~ 1.1~ 34
1.83343.52.82.6632.650
2333332633100
FPMarkets~ 1.45~ 1.67~ 1.85~ 2.31~ 2.07~ 2.22~ 1.5~ 2.47~ 1.89~ 1.66~ 72
~ 1.1~ 2.3~ 1.6~ 3.9~ 2.1~ 1.9~ 1.1~ 2.2~ 2~ 2.5~ 34
~ 1.2~ 1.8~ 1.8~ 1.9~ 2.1 ~ 1.9~ 1.7~ 3~ 1.7~ 1.5~ 19
~ 1.16~ 1.36~ 1.49 ~ 1.69~ 1.47~ 1.64~ 1.25~ 2.23~ 1.41~ 1.27~ 12
~ 0.6~ 1.3~ 2~ 3~ 3~ 2~ 0.7~ 2.5~ 1.5~ 1.8~ 39
~ 1.7~ 1.8~ 2.5~ 2.7~ 2.4~ 2.4~ 1.8~ 4.1~ 2.7~ 1.8~ 35
~ 0.5~ 2.1~ 0.5~ 2.3~ 2.2~ 1.9~ 1.8~ 1.8~ 5~ 0.5~ 35

* With most brokers, spreads are variable. They depend on current market conditions and can change at any time.

DMA/STP brokersSpread + Commission for 1 standard lot (100k)Min. Deposit
interbank spreads + $3.60 to $6.00 USD$100 (or equiv.)
FPMarketsinterbank spreads + $3.50 AUD per lot$100 AUD (or equiv.)
interbank spreads + $3 to $10$1,000 (or equiv.)
interbank spreads + $7.52€200 (or equiv.)

Previous: Instant execution vs market executionNext: Forex market players