Forex and CFD broker comparison
(information last updated on 28 January 2015)
Click on the column titles to list the brokers according to a particular category.
| Forex Broker | Year Launched | Country | Regulated by | Free Demo | Other Languages | ECN/STP | Islamic Accounts | Contests |
|---|---|---|---|---|---|---|---|---|
| AvaTrade | 2006 | Ireland | MiFID, ASIC, CBFSAI | o 21 Days | o | n | o | |
| ETX Capital | 2002 | UK | MiFID, FCA | o 14 Days | o | n | ||
| FBS | 2009 | Belize | IFSC, CRFIN | o Unlimited | o | o | o | o |
| Forex4You | 2007 | British Virgin Islands | FSC BVI | o | o | o | o | |
| Forex Time | 2012 | Cyprus | CySEC, IFSC | o Unlimited | o | o | o | o |
| FxOpen | 2005 | New Zealand | FSPR, FCA, ASIC | o14 Days | o | o | o | |
| FxPro | 2007 | UK / Cyprus | MiFID, CySEC, FCA | o Unlimited | o | o | ||
| Gulliver FX | 2012 | UK | FCA | o | o | n | ||
| HotForex | 2010 | Cyprus / Republic of Mauritius | MiFID, CySEC, FSC | o Unlimited | o | o | o | o |
| InstaForex | 2007 | Russia | FFMS | o | o | n | o | o |
| Iron FX | 2010 | Cyprus | MiFID, CySEC, FCA | o Unlimited | o | o | o | o |
| LiteForex | 2005 | Seychelles Islands | IBAS | o Unlimited | o | o | o | |
| Markets.com | 2009 | Cyprus | MiFID, CySEC, FCA | o 30 Days | o | n | o | |
| OctaFX | 2011 | St. Vincent and the Grenadines | n | o Unlimited | o | o | o | |
| Pepperstone | 2010 | Australia | ASIC | o 30 Days | n | o | ||
| Plus500 | 2009 | UK | Authorised and regulated by the Financial Conduct Authority, CySEC | o Unlimited | o | n | ||
| Vantage FX | 2010 | Australia | FCA, ASIC | o 30 Days | o | o | ||
| XM | 2009 | Cyprus | MiFID, CySEC, FCA, ASIC, FSP | o Unlimited | o | n | o |
| Forex Broker | Trading platform | Mobile trading | Min. Lot | Max. Lev. | Scalping | Hedging | Rollover | OCO | Trailing Stop |
|---|---|---|---|---|---|---|---|---|---|
| AvaTrade | MetaTrader 4 ActTrader | o | 1000 | 400:1 | o | o | o | o | o |
| ETX Capital | MetaTrader 4 ETX Capital | o | 1000 | 200:1 | n | n | o | o | o |
| FBS | MetaTrader 4 | o | 1000 | 1000:1 | o | o | o | n | o |
| Forex4You | MetaTrader 4 | o | 10 | 500:1 | o | o | o | o | o |
| Forex Time | MetaTrader 4 | o | 1000 | 1000:1 | o | o | o | o | o |
| FxOpen | MetaTrader 4 | o | 100 | 500:1 | o | o | n | n | o |
| FxPro | MetaTrader 4 + 5 cTrader | o | 1000 | 500:1 | o | o | o | n | o |
| Gulliver FX | MetaTrader 4 WebTrader | o | 10000 | 500:1 | o | o | o | n | o |
| HotForex | MT4, Currenex | o | 1000 | 1000:1 | o | o | o | n | o |
| InstaForex | MetaTrader 4 | o | 100 | 1000:1 | o | o | o | n | o |
| Iron FX | MetaTrader 4 | o | 1000 | 500:1 | o | o | o | n | o |
| LiteForex | MetaTrader 4 | o | 100 | 1000:1 | o | o | o | n | o |
| Markets.com | MetaTrader 4 Sirix WebTrader | o | 5000 | 200:1 | o | o | o | o | o |
| OctaFX | MetaTrader 4 | o | 1000 | 500:1 | o | o | o | n | o |
| Pepperstone | MetaTrader 4 cTrader | o | 1000 | 400:1 | o | o | o | n | o |
| Plus500 | Plus500 | o | 2500 | 200:1 | n | o | o | n | o |
| Vantage FX | MetaTrader 4 | o | 1000 | 500:1 | o | o | o | n | o |
| XM | MetaTrader 4 | o | 5000 | 888:1 | o | o | o | n | o |
| Name | Mirror Trading | Social PAMM | Myfxbook | ZuluTrade | Tradency | Sirix | Autochartist | Trading Central | Free VPS |
|---|---|---|---|---|---|---|---|---|---|
| AvaTrade | o | o | | ||||||
| ETX Capital | o | o | |||||||
| FBS | |||||||||
| Forex4You | o Share4You | o | o | ||||||
| Forex Time | o | o | o | o | |||||
| FxOpen | o | o | |||||||
| FxPro | o SuperTrader | o | o | ||||||
| Gulliver FX | o | o | o | o | |||||
| HotForex | o Titans | o | o | o | |||||
| InstaForex | o | ||||||||
| Iron FX | o | o | o | ||||||
| LiteForex | o | o | |||||||
| Markets.com | o | o | o | o | |||||
| OctaFX | |||||||||
| Pepperstone | o | ||||||||
| Plus500 | |||||||||
| Vantage FX | o FX Copy | o | o | o | |||||
| XM | 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 Broker | Min. Deposit | Bank | Bonus | BT* | CC* | CH* | PP* | Sk* | WB* | CU* | WU* | AP* | EG* | NT* | MG* |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AvaTrade | 100€/$/£ | Commerzbank Germany | o | o | o | o | o | o | o | o | o | ||||
| ETX Capital | 200€/$/£ | o | o | o | |||||||||||
| FBS | $1 | Baltikums | o | o | o | o | o | o | o | o | o | ||||
| Forex4You | 1€/$/£ | OCBC Bank, BES, PPF Banka, ABLV | o | o | o | o | o | o | |||||||
| Forex Time | none | Barclays, PPF Banka, Rietumu Banka, Promsvyazbank | o | o | o | o | o | o | o | ||||||
| FxOpen | 1€/$/£ | Baltikums Latvia | o | o | o | o | o | o | |||||||
| FxPro | 500$/€ | Barclays London | o | o | o | o | o | ||||||||
| Gulliver FX | 25€/$/£ 2000¥ | o | o | ||||||||||||
| HotForex | 5€/$/£ | Barclays Mauritius | o | o | o | o | o | o | o | ||||||
| InstaForex | 1€/$ | Hellenic Bank Russia | o | o | o | o | o | o | |||||||
| Iron FX | 50€/$ | UBS, Barclays, BNP Paribas | o | o | o | o | o | ||||||||
| LiteForex | 1€/$ | o | o | o | o | o | o | ||||||||
| Markets.com | 100€/$ | o | o | o | o | ||||||||||
| OctaFX | 5€/$/£ | o | o | o | o | ||||||||||
| Pepperstone | 200€/$/£ | Local bank transfers | o | o | o | o | |||||||||
| Plus500 | 100€/$/£ | o | o | o | o | o | |||||||||
| Vantage FX | $100 (AUD) | National Australia Bank | o | o | o | ||||||||||
| XM | $5 | Barclays Cyprus | o | 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 Broker | Currencies | Metals | Commodities | Stock CFDs | Index CFDs | Funds / ETF | Options | Bonds |
|---|---|---|---|---|---|---|---|---|
| AvaTrade | o 48 pairs | o 3 | o 11 | o 53 | o 21 | o | o | o |
| ETX Capital | o 51 pairs | o 5 | o 75 | o 2983 | o 40 | o 77 | o | |
| FBS | o 28 pairs | o 2 | ||||||
| Forex4You | o 51 pairs | o 2 | o 5 | o 36 | o 6 | |||
| Forex Time | o 64 pairs | o 5 | o 7 | o 51 | o 6 | o 11 | ||
| FxOpen | o 28 pairs | o 2 | ||||||
| FxPro | o 72 pairs | o 2 | o 5 | o 29 | o 8 | |||
| Gulliver FX | o 22 pairs | |||||||
| HotForex | o 45 pairs | o 5 | o 4 | o 34 | o 12 | |||
| InstaForex | o 109 pairs | o5 | o 14 | o 34 | o | |||
| Iron FX | o 120 pairs | o5 | o 7 | o 52 | o 10 | |||
| LiteForex | o 42 pairs | o 2 | o 31 | |||||
| Markets.com | o 44 pairs | o 2 | o 8 | o 78 | o 21 | o | ||
| OctaFX | o 28 pairs | o 2 | o 1 | |||||
| Pepperstone | o 52 pairs | o 2 | ||||||
| Plus500 CFDs ONLY! | o 51 pairs | o 3 | o 7 | o 1348 | o 18 | o 74 | ||
| Vantage FX | o 32 pairs | o 2 | o 1 | o 6 | o | |||
| XM | o 54 pairs | o 2 | o 5 | o9 |
| Spread in pips * | EUR/USD | EUR/GBP | GBP/USD | EUR/CHF | USD/CAD | USD/CHF | USD/JPY | GBP/JPY | EUR/JPY | AUD/USD | Gold |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AvaTrade | 1 - 3 | 1.9 - 3 | 1.8 - 4 | 1.7 - 4 | 1.8 - 4 | 2 - 4 | 0.9 - 3 | 3.3 - 7 | 1.8 - 4 | 1.8 - 4 | 60 |
| ETX Capital | 0.7 - 1.4 | 1.5 - 1.8 | 0.9 - 2 | 2.4 - 2.6 | 2.6 - 3 | 0.9 - 2.4 | 0.9 - 1.8 | 3.9 - 4 | 0.9 - 2.2 | 0.9 - 1.5 | 40 - 60 |
| FBS | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 10 |
| Forex4You | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 6 | 3 | 3 | 100 |
| Forex Time *** | ~ 0.7 | ~ 1.2 | ~ 0.9 | ~ 1.2 | ~ 0.9 | ~ 0.8 | ~ 0.8 | ~ 2.4 | ~ 1.2 | ~ 0.9 | ~ 44 - 82 |
| FxOpen | 2 | 3 | 3 | 3 | 4 | 3 | 2 | 7 | 3 | 3 | 100 |
| FxPro | ~ 1.3 | ~ 1.5 | ~ 1.9 | ~ 2.35 | ~ 1.6 | ~ 2.2 | ~ 1.4 | ~ 2.5 | ~ 1.6 | ~ 1.8 | 50 |
| Gulliver FX | 2 | 2 | 3 | 3 | n/a | 2.5 | 2 | 3.5 | 2 | 2.5 | n/a |
| HotForex | ~ 1.6 | ~ 1.7 | ~ 2.5 | ~ 2.4 | ~ 1.9 | ~ 1.9 | ~ 1.7 | ~ 3.6 | ~ 1.9 | ~ 1.7 | ~ 32 |
| InstaForex ** | 3 | 3 - 5 | 3 | 3 - 5 | 3 | 3 | 3 | 7 | 3 | 3 | 100 |
| Iron FX | 0.7 - 1.8 | 0.9 - 2 | 0.8 - 2.3 | 1 - 2.5 | 1.3 - 2.7 | 1.3 - 2.6 | 0.8 - 2.2 | 2.7 - 4.4 | 1.1 - 2.5 | 1 - 2.5 | 50 - 60 |
| LiteForex | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 7 | 3 | 3 | 75 |
| Markets.com | ~ 2.2 | ~ 3.1 | ~ 2.8 | ~ 3.9 | ~ 3.6 | ~ 2.9 | ~ 2.4 | ~ 5.3 | ~ 3 | ~ 3.1 | 70 |
| OctaFX | 0.2 - 1.8 | 0.4 - 1.6 | 0.4 - 2.6 | 0.6 - 4.4 | 0.4 - 2.6 | 0.3 - 3.7 | 0.3 - 1.7 | 0.8 - 4.2 | 0.4 - 2.6 | 0.8 - 2.2 | 50 - 80 |
| Pepperstone | 0.5 - 1.8 | 1 - 2.4 | 1 - 2.2 | 1.2 - 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! | 1 | 5 | 1 | 4 | 5 | 5 | 2 | 9 | 5 | 5 | 60 |
| Vantage FX | ~ 1 | ~ 2.3 | ~ 2 | n/a | ~ 3 | ~ 1.5 | ~ 5 | ~ 5 | ~ 3.4 | ~ 1.5 | ~ 50 |
| XM | ~ 1.9 | ~ 2.5 | ~ 2.6 | ~ 3.1 | ~ 2.6 | ~ 2.5 | ~ 2 | ~ 5.4 | ~ 2.7 | ~ 2.5 | ~ 50 |
* With some 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.
*** These are average spreads for ECN accounts, for avg. spreads of Standard accts. please refer to the Forex Time broker review page.
| DMA/STP brokers | Spread + Commission for 1 standard lot (100k) | Min. Deposit |
|---|---|---|
| FxPro (xTrader) | interbank spreads + $2.50 | €1,000 (or equiv.) |
| FxOpen (L2) | interbank spreads + $1.80 to $2.50 | $1,000 (or equiv.) |
| Hot Forex (Currenex) | interbank spreads + $3 to $5 | $500 (or equiv.) |
| Iron FX | interbank spreads + $3.75 | $500 (or equiv.) |
| Liquid Markets (Prime+ cTrader) | interbank spreads + $4.50 | $2,000 (or equiv.) |
| Pepperstone (Razor) | interbank spreads + $3.76 | 200$/€ |
| Vantage FX | spreads starting at 0.4 pips + $3.50 | $2,000 AUD (or equiv.) |