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Online Brokerage Comparison Tool

April 26, 2022
Last modified June 23, 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 XTB AvaTrade HFM
Overall Rating star 8.7 / 10 star 8.2 / 10 star 7.6 / 10
Account Type expand_moreexpand_less XTB AvaTrade HFM
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes Yes Yes
Copy Trading expand_moreexpand_less XTB AvaTrade HFM
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No Yes No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less XTB AvaTrade HFM
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less XTB AvaTrade HFM
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less XTB AvaTrade HFM
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less XTB AvaTrade HFM
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes No
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF No No Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less XTB AvaTrade HFM
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes No
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No Yes Yes
Regulatory Licenses expand_moreexpand_less XTB AvaTrade HFM
Tier-1 Licenses 1 4 1
ASIC Authorised (Australia) No Yes No
IIROC Authorised (Canada) No Yes No
FCA Authorised (U.K.) Yes No Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No No
Tier-2 Licenses 3 3 3
Tier-3 Licenses 1 1 1
Research, Education expand_moreexpand_less XTB AvaTrade HFM
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) No Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less XTB AvaTrade HFM
Minimum Initial Deposit $0 $100 $5
Average Spread EUR/USD - Standard 0.9 (Q3 2021) 0.91 (Aug 2020) 1.2 (August 2021)
All-in Cost EUR/USD - Active 0.9 (Q3 2021) 0.61 (Aug 2020) 0.9 (August 2021)
Active Trader or VIP Discounts Yes Yes No
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes Yes No
Trading Tools expand_moreexpand_less XTB AvaTrade HFM
Watchlists - Total Fields 8 6 7
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 39 90 15
Mobile Charting - Indicators / Studies 39 73 30
Trust Factors expand_moreexpand_less XTB AvaTrade HFM
Year Founded 2002 2006 2010
Publicly Traded (Listed) Yes No No
Bank No No No
Authorised in European Union Yes Yes Yes
Trust Score 95 93 85
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