No broker is perfect, and Eiger FX Direct is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Eiger FX Direct:

Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best Eiger FX Direct alternatives.

Top alternative : City Index

A popular alternative to Eiger FX Direct is City Index, a brokerage regulated by Financial Conduct Authority, ASIC and MAS and over 35 years in business. Another strong alternative is XTB, which is regulated by Financial Conduct Authority, KNF, and CMB..

Here are some of the key reasons why traders choose City Index and XTB over Eiger FX Direct:

Eiger FX Direct City Index XTB
Trust Score D AAA AAA
Regulator Deleted Financial Conduct Authority, ASIC and MAS Financial Conduct Authority
Min. Deposit 0 100 250
Min. Trade Varies 1 Lot 0.01 Lot
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

If you want to read more about City Index, we’ve put together an in-depth City Index review that explores their platform, spreads, and trading conditions in more detail.

Visit City Index

If City Index isn’t quite right, we’ve also listed ten suitable Eiger FX Direct alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.

Risk warning: CFDs are leveraged products and 73% of retail traders lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Spread Comparison for the 10 Eiger FX Direct Alternatives

Visit City Index Website

72% of retail investor accounts lose money when trading CFDs with this provider

City Index screenshot
Why choose City Index
  • Over 35 years in business
  • Regulated by Financial Conduct Authority, ASIC and MAS
Visit City Index

Losses can exceed deposits. Your capital is at risk.

Visit XTB Website

79% of retail investor accounts lose money when trading CFDs with this provider.

XTB screenshot
Why choose XTB
  • Over 16 years in business
  • Regulated by Financial Conduct Authority, KNF, and CMB.
Visit XTB

Losses can exceed deposits. Your capital is at risk.

Visit AvaTrade Website

71% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade screenshot
Why choose AvaTrade
  • Over 12 years in business
  • Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Visit AvaTrade

Losses can exceed deposits. Your capital is at risk.

Visit eToro Website

65% of retail investor accounts lose money when trading CFDs with this provider

eToro screenshot
Why choose eToro
  • Over 12 years in business
  • Regulated by Financial Conduct Authority, CySEC, ASIC
Visit eToro

Losses can exceed deposits. Your capital is at risk.

Visit Plus500 Website

80.6% of retail investor accounts lose money when trading CFDs with this provider.

Plus500 screenshot
Why choose Plus500
  • Over 10 years in business
  • Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)
Visit Plus500

Losses can exceed deposits. Your capital is at risk.

Visit Markets.com Website

73% of retail investor accounts lose money when trading CFDs with this provider

Markets.com screenshot
Why choose Markets.com
  • Over 10 years in business
  • Regulated by CySEC, Financial Services Board
Visit Markets.com

Losses can exceed deposits. Your capital is at risk.

Visit LCG Website

79% of retail investor accounts lose money when trading CFDs with this provider

London Capital Group screenshot
Why choose London Capital Group
  • Over 22 years in business
  • Regulated by Financial Conduct Authority, CIMA, and CySEC
Visit London Capital Group

Losses can exceed deposits. Your capital is at risk.

Visit UFX Website

74.3% of retail investor accounts lose money when trading CFDs with UFX.

UFX screenshot
Why choose UFX
  • Over 11 years in business
  • Regulated by CySEC
Visit UFX

Losses can exceed deposits. Your capital is at risk.

Visit Forex.com Website

75% of retail investor accounts lose money when trading CFDs with this provider

Forex.com screenshot
Why choose Forex.com
  • Over 19 years in business
  • Regulated by Financial Conduct Authority
Visit Forex.com

Losses can exceed deposits. Your capital is at risk.



Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.