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Compare Forex and CFD Brokers

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Picking a broker can be tricky. BrokerNotes is here to help.

We’ve spent thousands of hours researching, testing, and collecting thousands of data points on some of the best, most reliable brokers in the business.

Our cutting-edge Comparison Tool works in tandem with our testing data to help you pick, compare, and ultimately choose the best broker for you.

Quick note: To make sure you have the best, most accurate experience with our Comparison Tool, we’ve enabled geo-location on these pages. Available brokers are displayed based on your location.

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

Select Brokers

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  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFlowBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxGKFX
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxRoboForex (RoboMarkets)
  • check_box_outline_blankcheck_boxSaxo Bank
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrade360
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVestle
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

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Overall Rating IG FOREX.com XTB AvaTrade Plus500
Overall Rating 9.9 / 10 9.4 / 10 9.1 / 10 8.7 / 10
Account Type IG FOREX.com XTB AvaTrade Plus500
Standard Trade Size (100,000 units) info Yes Yes Yes Yes
Mini Trade Size (10,000 units) info Yes Yes Yes Yes
Micro Trade Size (1,000 units) info Yes Yes Yes Yes
Islamic Account info No Yes Yes Yes
Copy Trading IG FOREX.com XTB AvaTrade Plus500
Social Trading / Copy Trading info No No Yes Yes
DupliTrade info No No No Yes
ZuluTrade info No No No Yes
Cryptocurrency IG FOREX.com XTB AvaTrade Plus500
Cryptocurrency (Physical) info No No No No
Cryptocurrency (Derivative) info Yes Yes Yes Yes
Bitcoin info Yes Yes Yes Yes
Ethereum info Yes Yes Yes Yes
Forex Trading (Spot or CFDs) IG FOREX.com XTB AvaTrade Plus500
Forex Trading (Spot or CFDs) info Yes Yes Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes Yes Yes
Indices (Index CFDs) IG FOREX.com XTB AvaTrade Plus500
DAX info Yes Yes Yes Yes
Dow Jones info Yes Yes Yes Yes
FTSE info Yes Yes Yes Yes
NASDAQ 100 info Yes Yes Yes Yes
Nikkei info Yes Yes Yes Yes
SP 500 info Yes Yes Yes Yes
Investments IG FOREX.com XTB AvaTrade Plus500
Forex Trading (Spot or CFDs) info Yes Yes Yes Yes
Spread Betting info Yes No No Yes
Social Trading / Copy Trading info No No Yes Yes
Metals info Yes Yes Yes Yes
Energies info Yes Yes Yes Yes
Agriculturals info Yes Yes Yes Yes
ETF info Yes Yes Yes No
U.S. Stocks (CFD) info Yes Yes Yes Yes
Trading Platforms IG FOREX.com XTB AvaTrade Plus500
Apple iOS App info Yes Yes Yes Yes
Android App info Yes info Yes Yes Yes
Proprietary Platform info Yes Yes Yes Yes
Desktop Platform (Windows) info Yes Yes Yes Yes
Web Platform info Yes Yes Yes Yes
MetaTrader 4 (MT4) info Yes Yes Yes Yes
MetaTrader 5 (MT5) info No Yes No Yes
Regulatory Licenses IG FOREX.com XTB AvaTrade Plus500
Tier-1 Licenses info 8 7 2 4
Australia (ASIC Authorised) info Yes Yes No Yes
Canada (CIRO Authorised) info No Yes No Yes
Hong Kong (SFC Authorised) info No No No No
Japan (SFC Authorised) info Yes Yes No Yes
Singapore (MAS Authorised) info Yes Yes No No
Switzerland (FINMA Authorised) info No No No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes Yes No
USA (CFTC Authorized) info Yes Yes No No
New Zealand (FMA Authorised) info Yes No No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info Yes Yes info
Tier-2 Licenses info 2 1 2 3
Tier-3 Licenses info 0 0 0 0
Research, Education IG FOREX.com XTB AvaTrade Plus500
Trading Central (Recognia) info No Yes No Yes
Forex News (Top-Tier Sources) info Yes Yes Yes Yes
Daily Market Commentary info Yes Yes Yes Yes
Autochartist info Yes No No No
Investor Dictionary (Glossary) info Yes Yes No Yes
Videos - Beginner Trading Videos info Yes Yes Yes Yes
Client Webinars (Archived) info Yes Yes Yes Yes
Trading Costs IG FOREX.com XTB AvaTrade Plus500
Minimum Deposit info £250.00 $100 $0 $100
Average Spread EUR/USD - Standard info 0.98 info 1.4 info 1.07 info 0.92 info
All-in Cost EUR/USD - Active info 0.82 info 1.0 info 1.04 info 0.61 info
Active Trader or VIP Discounts info Yes Yes Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes Yes Yes
Trading Tools IG FOREX.com XTB AvaTrade Plus500
Watchlists - Total Fields info 5 20 8 7
Mobile Watchlist info Yes Yes Yes Yes
Charting - Indicators / Studies (Total) info 33 88 39 80
Mobile Charting - Indicators / Studies info 33 88 39 73
Trust Factors IG FOREX.com XTB AvaTrade Plus500
Year Founded info 1974 1999 2002 2006
Publicly Traded (Listed) info Yes Yes Yes No
Bank info Yes No No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info Yes Yes info
Trust Score info 99 99 96 94
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