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Compare Forex and CFD Brokers

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Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

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 65% and 82% 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.
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Overall Rating expand_moreexpand_less IG FOREX.com XTB Plus500
Overall Rating 9.7 / 10 8.7 / 10 8.7 / 10 8.2 / 10
Account Type expand_moreexpand_less IG FOREX.com XTB Plus500
Standard Account Yes Yes Yes Yes
Mini Account Yes Yes Yes Yes
Micro Account Yes Yes Yes Yes
Islamic Account No Yes Yes No
Copy Trading expand_moreexpand_less IG FOREX.com XTB Plus500
Social Trading / Copy Trading Yes No Yes No
DupliTrade No No No No
ZuluTrade No No No No
Cryptocurrency expand_moreexpand_less IG FOREX.com XTB Plus500
Cryptocurrency (Physical) No No No No
Cryptocurrency (CFD) Yes Yes Yes Yes
Bitcoin Yes Yes Yes Yes
ethereum Yes Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less IG FOREX.com XTB Plus500
Forex Trading Yes Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less IG FOREX.com XTB Plus500
DAX Yes Yes Yes Yes
Dow Jones Yes Yes Yes Yes
FTSE Yes Yes Yes Yes
NASDAQ 100 Yes Yes Yes Yes
Nikkei Yes Yes Yes Yes
SP 500 Yes Yes Yes Yes
Investments expand_moreexpand_less IG FOREX.com XTB Plus500
Forex Trading Yes Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes Yes
Spread Betting Yes No No No
Social Trading / Copy Trading Yes No Yes No
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agriculturals Yes Yes Yes No
ETF Yes Yes No Yes
U.S. Stocks (CFD) Yes Yes Yes Yes
Trading Platforms expand_moreexpand_less IG FOREX.com XTB Plus500
Apple iOS App Yes Yes Yes Yes
Android App Yes Yes Yes Yes
Proprietary Platform Yes Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes No
Web Platform Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes No
MetaTrader 5 (MT5) No Yes No No
Regulatory Licenses expand_moreexpand_less IG FOREX.com XTB Plus500
Tier-1 Licenses 7 4 1 4
ASIC Authorised (Australia) Yes No No Yes
IIROC Authorised (Canada) No Yes No No
FCA Authorised (U.K.) Yes Yes Yes Yes
SFC Authorised (Hong Kong) No No No No
MAS Authorised (Singapore) Yes No No Yes
FINMA Authorised (Switzerland) Yes No No No
CFTC Registered (USA) Yes Yes No No
Tier-2 Licenses 2 2 3 3
Tier-3 Licenses 1 1 1 0
Research, Education expand_moreexpand_less IG FOREX.com XTB Plus500
Trading Central (Recognia) No Yes No No
Forex News (Top-Tier Sources) Yes Yes Yes No
Daily Market Commentary Yes Yes Yes Yes
Autochartist Yes No No No
Investor Dictionary (Glossary) Yes Yes No No
Videos - Beginner Trading Videos Yes Yes Yes Yes
Client Webinars (Archived) Yes No Yes No
Trading Costs expand_moreexpand_less IG FOREX.com XTB Plus500
Minimum Initial Deposit £250.00 $100 $0 €100
Average Spread EUR/USD - Standard 0.86 (September 2022) 1.1 (US August 2021) 0.9 (Q3 2021) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active 0.365 (May 2020) 1.1 (US August 2021) 0.9 (Q3 2021) N/A
Active Trader or VIP Discounts Yes Yes Yes No
Bank Wire (Deposit/Withdraw) Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes Yes
PayPal (Deposit/Withdraw) Yes Yes Yes Yes
Trading Tools expand_moreexpand_less IG FOREX.com XTB Plus500
Watchlists - Total Fields 14 18 8 9
Mobile Watchlist Yes Yes Yes Yes
Charting - Indicators / Studies (Total) 33 139 39 110
Mobile Charting - Indicators / Studies 33 88 39 110
Trust Factors expand_moreexpand_less IG FOREX.com XTB Plus500
Year Founded 1974 1999 2002 2008
Publicly Traded (Listed) Yes Yes Yes Yes
Bank Yes No No No
Authorised in European Union Yes Yes Yes Yes
Trust Score 99 99 95 99
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