Forex and CFD broker comparison

(information last updated on 02 August 2015)


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 Founded CountryRegulated by Free Demo Other Languages ECN/STPIslamic AccountsContests
AvaTrade2006IrelandMiFID, ASIC, CBFSAI oYes 21 DaysoYesnNooYes 
ETX Capital2002UKMiFID, FCA oYes 14 DaysoYesnNo  
Forex4You2007British Virgin IslandsFSC BVI oYesoYesoYesoYes 
FxOpen2005New ZealandFSPR, FCA, ASIC oYes14 DaysoYesoYes L2oYesoYes
HotForex2010CyprusMiFID, CySEC, FSC oYes UnlimitedoYesoYesoYesoYes
InstaForex2007RussiaFFMS oYesoYesnNooYesoYes
Iron FX2010CyprusASIC, MiFID, CySEC, FCA, DFSA, UCRFIN, FSB oYes UnlimitedoYesoYesoYesoYes
LiteForex2005Seychelles IslandsIBAS oYes UnlimitedoYesoYes oYes
Markets.com2009CyprusMiFID, CySEC, FCA oYes 30 DaysoYesnNooYes 
OctaFX2011St. Vincent and the GrenadinesnNo oYes UnlimitedoYesoYes oYes
Pepperstone2010AustraliaASIC oYes 30 DaysnNooYes  
Plus500 2009UK
Authorised and regulated by the Financial Conduct Authority, CySEC
 oYes UnlimitedoYesnNo  
Tradeo2012MaltaMiFID, MFSA oYes Unlimited nYesoYes  
XM2009CyprusMiFID, CySEC, FCA, ASIC, FSP oYes UnlimitedoYesnNooYes 

 

Forex BrokerTrading platformMobile tradingMin. Lot Max. Lev. Scalping HedgingRolloverOCOTrailing Stop
AvaTrade  MetaTrader 4
  ActTrader
oYes  1000400:1oNooYesoYesoYesoYes
ETX Capital  MetaTrader 4
  ETX Capital
oYes  1000200:1nNonNooYesoYesoYes
Forex4You  MetaTrader 4oYes  10500:1oYesoYesoYesoNooYes
FxOpen  MetaTrader 4oYes  100500:1oYesoYesnNonNooYes
HotForex  MT4, CurrenexoYes  10001000:1oYesoYesoYesnNooYes
InstaForex  MetaTrader 4oYes  1001000:1oYesoYesoYesnNooYes
Iron FX  MetaTrader 4 and 5
  Multi-Asset Trader
oYes  1000500:1oYesoYesoYesnNooYes
LiteForex  MetaTrader 4oYes  1001000:1oYesoYesoYesnNooYes
Markets.com  MetaTrader 4
  Sirix WebTrader
oYes  5000200:1oNooYesoYesoYesoYes
OctaFX  MetaTrader 4
oYes  1000500:1oYesoYesoYesnNooYes
Pepperstone  MetaTrader 4
  cTrader
oYes  1000400:1oYesoYesoYesnNooYes
Plus500  Plus500oYes  2500200:1nNooYesoYesnNooYes
Tradeo  MetaTrader 4
  Tradeo
oYes  1000200:1 oYesoYesoYesnNooYes MT4
XM  MetaTrader 4oYes  5000888:1oYesoYesoYesnNooYes

 

NameMirror Trading Social PAMM MyfxbookZuluTradeTradency SirixAutochartistTrading Central Free VPS
AvaTrade   oouiooui  oui 
ETX Capital ooui    ooui  
Forex4Youooui Share4Youooui     ooui 
FxOpen ooui ooui     
HotForexooui Titansooui     oouiooui
InstaForex ooui       
Iron FX  ooui  ooui  ooui
LiteForex ooui   ooui   
Markets.com    oouioouioouiooui 
OctaFX         
Pepperstone  ooui      
Plus500         
Tradeoooui Tradeo        
XM   oouiooui   ooui

 

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€/$/£Commerzbank
Germany
oYesoYesoYes oYesoYesoYes oYes  oYesoYes
ETX Capital200€/$/£  oYesoYesoYes         
Forex4You1€/$/£OCBC Bank, BES, PPF Banka, ABLVoYesoYesoYes  oYesoYes    oYes 
FxOpen1€/$/£Baltikums,
Latvia
oYesoYes    oYes  oYesoYes  
HotForex5€/$/£Barclays
Mauritius
oYesoYesoYes  oYesoYes  oYes oYes 
InstaForex1€/$Hellenic Bank
Russia
oYesoYesoYes  oYesoYes  oYes   
Iron FX50€/$UBS, Barclays, BNP ParibasoYesoYesoYes   oYes    oYes 
LiteForex1€/$ oYesoYesoYes  oYes oYes oYes   
Markets.com100€/$ oYesoYesoYes   oYes      
OctaFX5€/$/£ oYesoYesoYes    oYes     
Pepperstone200€/$/£Local bank transfers oYesoYes oYes      oYes 
Plus500 100€/$/£ oYesoYesoYes oYesoYes       
Tradeo250€/$  oYesoYes          
XM$5Barclays CyprusoYesoYesoYes  oYes  oYes  oYesoYes

* (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 BrokerCurrenciesMetalsCommoditiesStock CFDs Index CFDsFunds / ETF OptionsBonds
AvaTradeoYes 48 pairs oYes 3 oYes 11oYes 53 oYes 21 oYesoYesoYes
ETX CapitaloYes 51 pairs oYes 5 oYes 75oYes 2983 oYes 40 oYes 77oYes 
Forex4YouoYes 51 pairsoYes 2 oYes 5 oYes 36 oYes 6    
FxOpenoYes 28 pairsoYes 2   oYes 13    
HotForexoYes 45 pairsoYes 5 oYes 4 oYes 34 oYes 12    
InstaForexoYes 109 pairsoYes5oYes 14 oYes 34   oYes 
Iron FXoYes 120 pairsoYes5oYes 7oYes 52 oYes 10    
LiteForexoYes 42 pairsoYes 2  oYes 31     
Markets.comoYes 44 pairsoYes 2oYes 8oYes 78oYes 21  oYes
OctaFXoYes 28 pairsoYes 2 oYes 1      
PepperstoneoYes 52 pairsoYes 2   oYes 11    
Plus500 CFDs ONLY!oYes 60+ pairs oYes 2 oYes 15oYes 2000+ oYes 18 oYes 74oYes 
Tradeo oYes 53 pairs oYes 5 oYes 2   oYes 13    
XMoYes 54 pairs oYes 2 oYes 5   oYes 9    

 

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
HotForex~ 1.6~ 1.7~ 2.5~ 2.4~ 1.9~ 1.9~ 1.7~ 3.6~ 1.9~ 1.7~ 32
InstaForex **33 - 533 - 5333733100
Iron FX0.7 - 1.80.9 - 20.8 - 2.31 - 2.51.3 - 2.71.3 - 2.60.8 - 2.22.7 - 4.41.1 - 2.51 - 2.550 - 60
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
OctaFX0.2 - 1.80.4 - 1.60.4 - 2.60.6 - 4.4 0.4 - 2.6 0.3 - 3.7 0.3 - 1.70.8 - 4.2 0.4 - 2.60.8 - 2.2 50 - 80
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 ~ 2.2 40
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$1,000 (or equiv.)
Hot Forex (Currenex)interbank spreads + $3 to $5$500 (or equiv.)
Iron FXinterbank spreads + $3.75$500 (or equiv.)
Pepperstone (Razor)interbank spreads + $3.76200$/€

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