BrokerNotes.co is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Compare Forex and CFD Brokers

BrokerNotes.co

Written by BrokerNotes.co

November 08, 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.
Select Brokers×
Overall RatingIGFOREX.comXTBIC Markets
Overall Rating9.7 / 108.7 / 108.7 / 108 / 10
Account TypeIGFOREX.comXTBIC Markets
Standard Trade Size (100,000 units)YesYesYesYes
Mini Trade Size (10,000 units)YesYesYesYes
Micro Trade Size (1,000 units)YesYesYesYes
Islamic AccountNoYesYesYes
Copy TradingIGFOREX.comXTBIC Markets
Social Trading / Copy TradingYesNoYesYes
DupliTradeNoNoNoNo
ZuluTradeNoNoNoYes
CryptocurrencyIGFOREX.comXTBIC Markets
Cryptocurrency (Physical)NoNoNoNo
Cryptocurrency (CFD)YesYesYesYes
BitcoinYesYesYesYes
ethereumYesYesYesYes
Forex Trading (Spot or CFDs)IGFOREX.comXTBIC Markets
Forex Trading (Spot or CFDs)YesYesYesYes
Mobile Trading - Forex or CFDsYesYesYesYes
Indices (Index CFDs)IGFOREX.comXTBIC Markets
DAXYesYesYesYes
Dow JonesYesYesYesYes
FTSEYesYesYesYes
NASDAQ 100YesYesYesYes
NikkeiYesYesYesYes
SP 500YesYesYesYes
InvestmentsIGFOREX.comXTBIC Markets
Forex Trading (Spot or CFDs)YesYesYesYes
Spread BettingYesNoNoNo
Social Trading / Copy TradingYesNoYesYes
MetalsYesYesYesYes
EnergiesYesYesYesYes
AgriculturalsYesYesYesYes
ETFYesYesNoYes
U.S. Stocks (CFD)YesYesYesYes
Trading PlatformsIGFOREX.comXTBIC Markets
Apple iOS AppYesYesYesYes
Android AppYesYesYesYes
Proprietary PlatformYesYesYesNo
Desktop Platform (Windows)YesYesYesYes
Web PlatformYesYesYesYes
MetaTrader 4 (MT4)YesYesYesYes
MetaTrader 5 (MT5)NoYesNoYes
Regulatory LicensesIGFOREX.comXTBIC Markets
Tier-1 Licenses7411
ASIC Authorised (Australia)YesNoNoYes
IIROC Authorised (Canada)NoYesNoNo
FCA Authorised (U.K.)YesYesYesNo
SFC Authorised (Hong Kong)NoNoNoNo
MAS Authorised (Singapore)YesNoNoNo
FINMA Authorised (Switzerland)YesNoNoNo
CFTC Registered (USA)YesYesNoNo
Tier-2 Licenses2231
Tier-3 Licenses1111
Research, EducationIGFOREX.comXTBIC Markets
Trading Central (Recognia)NoYesNoYes
Forex News (Top-Tier Sources)YesYesYesYes
Daily Market CommentaryYesYesYesYes
AutochartistYesNoNoYes
Investor Dictionary (Glossary)YesYesNoYes
Videos - Beginner Trading VideosYesYesYesNo
Client Webinars (Archived)YesNoYesYes
Trading CostsIGFOREX.comXTBIC Markets
Minimum Initial Deposit£250.00$100$0$200
Average Spread EUR/USD - Standard0.86 (September 2022)1.0 (July 2022)1.07 (Q3 2022)0.62 (August 2021)
All-in Cost EUR/USD - Active0.5957 (September 2022)1.0 (July 2022)1.04 (Q3 2022)0.62 (August 2021)
Active Trader or VIP DiscountsYesYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYesYes
Visa/Mastercard (Credit/Debit)YesYesYesYes
PayPal (Deposit/Withdraw)YesYesYesYes
Trading ToolsIGFOREX.comXTBIC Markets
Watchlists - Total Fields142087
Mobile WatchlistYesYesYesYes
Charting - Indicators / Studies (Total)332033930
Mobile Charting - Indicators / Studies33883930
Trust FactorsIGFOREX.comXTBIC Markets
Year Founded1974199920022007
Publicly Traded (Listed)YesYesYesNo
BankYesNoNoNo
Authorised in European UnionYesYesYesNo
Trust Score99999586
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmiral Markets
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxiTrader
  • 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_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • 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)
  • check_box_outline_blankcheck_boxIC 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_boxOctaFX
  • 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_boxTradeo
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxUFX
  • 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 0 of 5
arrow_upward
close