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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 IG FOREX.com XTB HFM
Overall Rating star starstarstarstarstar / 10 star starstarstarstarstar / 10 star starstarstarstarstar / 10 star starstarstarstarstar / 10
Account Type expand_moreexpand_less IG FOREX.com XTB HFM
Standard Account Yes Yes Yes Yes
Mini Account Yes Yes Yes Yes
Micro Account Yes Yes Yes Yes
Islamic Account No Yes Yes Yes
Copy Trading expand_moreexpand_less IG FOREX.com XTB HFM
Social Trading / Copy Trading Yes No Yes Yes
DupliTrade No No No No
ZuluTrade No No No No
Cryptocurrency expand_moreexpand_less IG FOREX.com XTB HFM
Cryptocurrency (Physical) No No No No
Cryptocurrency (CFD) Yes Yes Yes Yes
Bitcoin Yes Yes Yes Yes
ethereum Yes Yes Yes Yes
Forex Trading expand_moreexpand_less IG FOREX.com XTB HFM
Forex Trading Yes Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less IG FOREX.com XTB HFM
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 HFM
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 Yes
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agriculturals Yes Yes Yes Yes
ETF Yes Yes No Yes
U.S. Stocks (CFD) Yes Yes Yes Yes
Trading Platforms expand_moreexpand_less IG FOREX.com XTB HFM
Apple iOS App Yes Yes Yes Yes
Android App Yes Yes Yes Yes
Proprietary Platform Yes Yes Yes No
Desktop Platform (Windows) Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) No Yes No Yes
Regulatory Licenses expand_moreexpand_less IG FOREX.com XTB HFM
Tier-1 Licenses 7 4 1 1
ASIC Authorised (Australia) Yes No No No
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 No
FINMA Authorised (Switzerland) Yes No No No
CFTC Registered (USA) Yes Yes No No
Tier-2 Licenses 2 1 3 3
Tier-3 Licenses 1 1 1 1
Research, Education expand_moreexpand_less IG FOREX.com XTB HFM
Trading Central (Recognia) No Yes No No
Forex News (Top-Tier Sources) Yes Yes Yes Yes
Daily Market Commentary Yes Yes Yes Yes
Autochartist Yes No No Yes
Investor Dictionary (Glossary) Yes Yes No No
Videos - Beginner Trading Videos Yes Yes Yes Yes
Client Webinars (Archived) Yes No Yes Yes
Trading Costs expand_moreexpand_less IG FOREX.com XTB HFM
Minimum Initial Deposit £250.00 $100 $0 $5
Average Spread EUR/USD - Standard 0.828 (September 2021) 1.1 (US August 2021) 0.9 (Q3 2021) 1.2 (August 2021)
All-in Cost EUR/USD - Active 0.365 (May 2020) 1.1 (US August 2021) 0.9 (Q3 2021) 0.9 (August 2021)
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 No
Trading Tools expand_moreexpand_less IG FOREX.com XTB HFM
Watchlists - Total Fields 14 18 8 7
Mobile Watchlist Yes Yes Yes Yes
Charting - Indicators / Studies (Total) 32 139 39 15
Mobile Charting - Indicators / Studies 32 88 39 30
Trust Factors expand_moreexpand_less IG FOREX.com XTB HFM
Year Founded 1974 1999 2002 2010
Publicly Traded (Listed) Yes Yes Yes No
Bank Yes No No No
Authorised in European Union Yes Yes Yes Yes
Trust Score 99 99 95 85
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