Forex and CFD broker comparison

(information last updated on 3 April 2017)


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)Negative balance protectionOther languagesSTP execution*Islamic accountsContests
AvaTrade2006IrelandASIC, CBFSAI o 21 Days o
n
o
 
easyMarkets2001CyprusCySEC, ASIC o Unlimitedo
o
n
o
 
ETX Capital2002UKFCA o 14 Days o
n
  
Forex4You2007British Virgin IslandsFSC BVI o Unlimited o
o
o
 
FXGiants2015UKFCA o Unlimited o
o
 o
FxOpen2005UK / New ZealandFCA, FSPR, ASIC o Unlimited o
o
L2
o
o
GKFX2010UKFCA o Unlimited o
n
o
 
HotForex2010CyprusCySEC, FSC o Unlimitedo
o
o
o
o
IG Markets1974UKFCA o 14 Days o
o
  
InstaForex2007RussiaFFMS o Unlimited o
n
o
o
LiteForex2005CyprusCySEC o Unlimitedo
o
o
o
 
Pepperstone2010AustraliaASIC o 30 Days n
o
  
Plus500****2009UK / CyprusFCA**, CySEC*** o Unlimitedo
o
n
  
TrioMarkets2017CyprusCySec, FCA o Unlimited o
o
o
 
XM2009CyprusFCA, CySEC, ASIC o Unlimitedo
o
n
o
o
XTB2002Poland / United Kingdom SGCB, KNF  o 15 days o
Pro
 n
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).
**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)
****Your capital is at risk

Forex BrokerTrading platformMobile tradingMin. Lot Max. Lev. Scalping HedgingOCOTrailing Stop
AvaTrade  MetaTrader 4
  ActTrader
o
  1000400:1n
o
o
o
easyMarkets  MetaTrader 4
  easyMarkets
o
  5000400:1o
o
n
o
ETX Capital  MetaTrader 4
  ETX TraderPro
o
  1000200:1n
n
o
o
Forex4You  MetaTrader 4o
  10500:1o
o
n
o
FXGiants  MetaTrader 4o
  1000500:1o
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
  10001000:1o
o
n
o
Pepperstone  MetaTrader 4
  cTrader
o
  1000400:1o
o
n
o
Plus500  Plus500o
  2500294:1n
o
n
o
TrioMarkets  MetaTrader 4o
  1000300:1o
o
n
o
XM  MetaTrader 4 and 5o
  10888:1o
o
n
o
XTB  MetaTrader 4o
  10000200:1o
o
n
o

 

NameMirror Trading Social PAMM MyfxbookZuluTradeTradency SirixAutochartistTrading Central Free VPS
AvaTrade   o
o
  
 
easyMarkets       
 
ETX Capital o
    o
  
Forex4Youo
Share4You
o
     o
 
FXGiants        
Min balance $5,000
FxOpen o
 o
     
GKFX     o
o
o
o
HotForexo
Titans
      o
o
IG Markets      
 
Min balance 5,000
InstaForex o
 o
     
LiteForex o
       
Pepperstone  o
o
     
Plus500         
TrioMarkets o
       
XM        o
XTB   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€/$/£Commerzbank
Germany
o
o
o
 o
o
o
 o
  o
o
easyMarkets100€/$/£Barclays UK, Ingenico Germanyo
o
o
  o
o
    o
 
ETX Capital200€/$/£ o
o
o
o
         
Forex4You1€/$/£OCBC Bank, BES, PPF Banka, ABLVo
o
o
  o
o
    o
 
FXGiants100€/$/£ o
o
o
  o
     o
 
FxOpen1€/$/£Baltikums,
Latvia
o
o
    o
  o
o
  
GKFX0€/$/£ o
o
o
  o
       
HotForex50€/$/£Barclays UK, BNP Paribaso
o
o
  o
o
  o
 o
 
IG Markets15€/$/£  o
o
          
InstaForex1€/$Hellenic Bank
Russia
o
o
o
  o
o
  o
   
LiteForex100€/£/$  o
o
  o
o
 o
  o
 
Pepperstone200€/$/£Local bank transfers o
o
 o
      o
 
Plus500 100€/$/£ n
o
o
 o
o
       
TrioMarkets500€/£/$Barclays o
o
 o
o
o
    o
 
XM$5Barclays Cypruso
o
o
  o
  o
  o
o
XTB 1€/$/£HSBC 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
easyMarketso
115 pairs
o
26
o
12
 o
15
 o
Vanilla
 
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
   
FXGiantso
83 pairs
o
3
o
4
o
69
o
15
   
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+
  
InstaForexo
109 pairs
o
5
o
14
o
34
  o
 
LiteForexo
60 pairs
o
2
o
2
o
29
o
10
   
Pepperstoneo
52 pairs
o
2
  o
14
   
Plus500 CFDs ONLY!o
60+ pairs
o
3
o
14
o
2000+
o
19
o
79
o
 
TrioMarketso
63 pairs
o
4
o
3
 o
10
   
XMo
54 pairs
o
2
o
7
o
107
o
18
   
XTBo
49 pairs
o
7
o
14
o
700
o
26
o
10
o
 

 

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
easyMarkets1.83343.52.82.6632.650
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
FXGiants~ 1.2~ 1~ 1.3~ 2.2~ 1.5~ 1.4~ 0.9~ 4.5~ 2.3~ 1.2~ 50
FxOpen2333432733100
GKFX1.82.32.35.54.362.363.33.350
HotForex~ 1.2~ 1.6~ 2.1~ 2.2~ 2~ 2~ 1.6~ 3.5~ 2~ 2~ 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~ 1.5~ 1.2~ 1.8~ 2~ 1.9~ 1.6~ 1.5~ 2~ 2.1~ 1.5~ 34
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!151455295539
TrioMarkets ***0.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.40.8 / 1.412 min.
XM~ 1.7~ 1.8~ 2.5~ 2.7~ 2.4~ 2.4~ 1.8~ 4.1~ 2.7~ 1.8~ 48
XTB 0.9 - 22.1 - 3.92.5 - 42.4 - 4.6 2.2 - 4.62 - 4 1.8 - 45.5 - 8.5 2.3 - 4.62 - 4.6 35 - 80

* 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.
*** These are minimums, lower figure=Premium account w/ Markup spreads; higher figure=Standard account w/ Markup spreads.

DMA/STP brokersSpread + Commission for 1 standard lot (100k)*Min. Deposit
FXGiants interbank spreads + $1.30 to $1.80$500 (or equiv.)
FxOpen (L2) interbank spreads + $1.80 to $2.50$100 (or equiv.)
HotForex (Currenex)interbank spreads + $3 to $5$500 (or equiv.)
IG Marketsinterbank spreads + $3 to $6£1,000 (or equiv.)
Pepperstone (Razor)interbank spreads + $3.76200$/€
TrioMarkets (Premium/Raw spreads)interbank spreads + $4500$/€
XTB (Professional)interbank spreads + $4 USD 10,000 $/€/£

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

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