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Compare Forex and CFD Brokers

BrokerNotes.co

Written by BrokerNotes.co

January 23, 2025
  Fact Checked

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 51% 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_boxActivTrades
  • 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_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • 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
  • check_box_outline_blankcheck_boxFOREX.com
  • 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_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_boxiFOREX
  • 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_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • 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
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxtastyfx
  • 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_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • 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 AvaTrade FP Markets Plus500
Overall Rating star 9.9 /10 star 9.5 /10 star 8.7 /10 star 8.4 /10
Offering of Investments star 10 /10 star 9.5 /10 star 7.5 /10 star 9.0 /10
Commissions & Fees star 9.5 /10 star 9.0 /10 star 9.0 /10 star 9.5 /10
Platform & Tools star 10 /10 star 9.5 /10 star 8.5 /10 star 8.0 /10
Research star 10 /10 star 8.5 /10 star 7.5 /10 star 7.5 /10
Mobile Trading star 10 /10 star 10 /10 star 8.5 /10 star 8.0 /10
Education star 10 /10 star 9.5 /10 star 10 /10 star 7.5 /10
Account Type IG FOREX.com AvaTrade FP Markets Plus500
Islamic Account No Yes Yes Yes
Professional Account Yes Yes Yes
VIP/Premium Account No Yes Yes
Deposit/Withdrawal Options IG FOREX.com AvaTrade FP Markets Plus500
Minimum Deposit £1 $100 $100 $100 AUD
Bank Wire (Deposit/Withdraw) Yes Yes Yes Yes
Credit card (Deposit/withdraw) Yes No Yes
PayPal (Deposit/Withdraw) Yes Yes Yes Yes
Non-wire bank transfer Yes Yes No No
Copy Trading IG FOREX.com AvaTrade FP Markets Plus500
Copy Trading No No Yes Yes
Cryptocurrency IG FOREX.com AvaTrade FP Markets Plus500
Cryptocurrency (Underlying) Yes No No No
Cryptocurrency (CFDs) Yes Yes Yes Yes
Bitcoin (BTC) Yes Yes Yes Yes
Ethereum (ETH) Yes Yes Yes Yes
Forex Trading (Spot or CFDs) IG FOREX.com AvaTrade FP Markets Plus500
Forex Trading (Spot or CFDs) Yes Yes Yes Yes
Indices (Index CFDs) IG FOREX.com AvaTrade FP Markets 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 IG FOREX.com AvaTrade FP Markets Plus500
Forex Trading (Spot or CFDs) Yes Yes Yes Yes
Spread Betting Yes No Yes No
Copy Trading No No Yes Yes
Commodities: Silver Yes Yes Yes Yes
Commodities: Oil Yes Yes Yes Yes
Commodities: Agriculturals Yes Yes Yes Yes
ETF Yes Yes Yes No
U.S. Stocks (CFDs) Yes Yes Yes Yes
Trading Platforms IG FOREX.com AvaTrade FP Markets Plus500
Apple iOS App Yes Yes Yes Yes
Android App Yes Yes Yes Yes
Proprietary Desktop Trading Platform Yes Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes Yes Yes
Regulatory Licenses IG FOREX.com AvaTrade FP Markets Plus500
Tier-1 Licenses 8 7 4 2
Australia (ASIC Authorised) Yes Yes Yes Yes
Canada (CIRO Authorised) No Yes Yes No
Hong Kong (SFC Authorised) No No No No
Japan (FSA Authorised) Yes Yes Yes No
Singapore (MAS Authorised) Yes Yes No No
Switzerland (FINMA Authorised)
United Kingdom (U.K.) (FCA Authorised) Yes Yes No No
USA (CFTC Authorized) Yes Yes No No
New Zealand (FMA Authorised) Yes No No No
Regulated in one or more EU or EEA countries (MiFID). Yes Yes Yes Yes
Tier-2 Licenses 2 2 4 1
Tier-3 Licenses 0 1 1 0
Research, Education IG FOREX.com AvaTrade FP Markets Plus500
Trading Central No Yes Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes Yes
Daily Market Commentary (Articles) Yes Yes No Yes
Autochartist Yes No No Yes
Videos - Beginner Trading Videos Yes Yes Yes Yes
Trading Costs IG FOREX.com AvaTrade FP Markets Plus500
Minimum Deposit £1 $100 $100 $100 AUD
Average spread (EUR/USD) - Standard account 0.91 1.00 0.93 1.3
All-in Cost EUR/USD - Active 0.82 1.13 0.61 0.9
Trading Tools IG FOREX.com AvaTrade FP Markets Plus500
Charting - Indicators / Studies (Total) 33 90 80 30
Mobile Charting - Indicators / Studies 33 90 73 MetaTrader (Default)
Trust Factors IG FOREX.com AvaTrade FP Markets Plus500
Year Founded 1974 1999 2006 2005
Publicly Traded (Listed) Yes Yes No No
Bank Yes No No No
Regulated in one or more EU or EEA countries (MiFID). Yes Yes Yes Yes
Trust Score 99 99 96 90
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