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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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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Established 1974, join 239,000+ traders worldwide Visit Site
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A Global Market Leader! Visit Site
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Overall Rating
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 93 | 81 | 93 |
| IG Review | CMC Markets Review | FOREX.com Review | FP Markets Review | AvaTrade Review | |
| Winner | check_circle | ||||
| 75% of retail CFD accounts lose money | 73% of retail CFD accounts lose money | 79% of retail CFD accounts lose money | The vast majority of retail CFD accounts lose money | 73% of retail CFD accounts lose money |
Regulation
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
| Trust Score | 99 | 99 | 93 | 81 | 93 |
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Year Founded |
1974 | 1989 | 1999 | 2005 | 2006 |
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Publicly Traded (Listed) |
Yes | Yes | Yes | No | No |
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Bank |
Yes | No | No | No | No |
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Tier-1 Licenses |
6 | 4 | 4 | 1 | 3 |
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Tier-2 Licenses |
3 | 2 | 0 | 1 | 4 |
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Tier-3 Licenses |
1 | 0 | 1 | 0 | 1 |
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Authorised in the European Union |
Yes | Yes | Yes | Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
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ASIC Authorised (Australia) |
Yes | Yes | No | Yes | Yes |
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IIROC Authorised (Canada) |
No | Yes | Yes | No | Yes |
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SFC Authorised (Hong Kong) |
No | No | No | No | No |
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FSA Authorised (Japan) |
Yes | No | Yes | No | Yes |
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MAS Authorised (Singapore) |
Yes | Yes | No | No | No |
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FINMA Authorised (Switzerland) |
Yes | No | No | No | No |
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FCA Authorised (UK) |
Yes | Yes | Yes | No | No |
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CFTC Registered (USA) |
Yes | No | Yes | No | No |
Investments
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
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Forex Trading |
Yes | Yes | Yes | Yes | Yes |
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CFDs (Total) |
19537 | 9852 | 4500 | 8908 | 722 |
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Forex Pairs (Total) |
104 | 158 | 91 | 61 | 55 |
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Cryptocurrency (Physical) |
No | No | No | No | No |
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Cryptocurrency (CFD) |
Yes | Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | No | Yes | Yes |
Cost
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Average Spread EUR/USD - Standard |
0.745 (August 2020) | 0.74 (August 2020) | 1.4 (UK August 2020) | 1.14 (June 2020) | 0.91 (August 2020) |
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All-in Cost EUR/USD - Active |
0.365 (May 2020) | 0.64 (August 2020) | 1.5 (August 2020) | 0.61 (August 2020) | 0.61 (August 2020) |
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Active Trader or VIP Discounts |
Yes | Yes | Yes | Yes | Yes |
Funding
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Minimum Initial Deposit |
£250.00 | $0.00 | $100.00 | $100 AUD | $100.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes | Yes | Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes | Yes | Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes | Yes | Yes | Yes |
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Skrill (Deposit/Withdraw) |
No | No | No | Yes | Yes |
Trading Platforms
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Proprietary Platform |
Yes | Yes | Yes | No | Yes |
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Desktop Platform (Windows) |
Yes | Yes | Yes | Yes | Yes |
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Web Platform |
Yes | Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | No | Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes | Yes | Yes | Yes |
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MetaTrader 5 (MT5) |
No | No | Yes | Yes | Yes |
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cTrader |
No | No | No | No | No |
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DupliTrade |
No | No | No | No | Yes |
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ZuluTrade |
No | No | No | No | Yes |
Trading Tools
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Virtual Trading (Demo) |
Yes | Yes | Yes | Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
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Watchlists - Total Fields |
14 | 9 | 18 | Default (MT4/MT5) | 7 |
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Charting - Indicators / Studies (Total) |
30 | 86 | 139 | 59 | 51 |
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Charting - Drawing Tools (Total) |
20 | 40 | 25 | Default (MT4/MT5) | 31 |
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Charting - Trade From Chart |
Yes | Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
No | Yes | Yes | No | Yes |
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Order Type - Trailing Stop |
Yes | Yes | Yes | No | Yes |
Mobile Trading
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Android App |
Yes | Yes | Yes | Yes | Yes |
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Apple iOS App |
Yes | Yes | Yes | Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
|
Watch List |
Yes | Yes | Yes | Yes | Yes |
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Watch List Syncing |
Yes | Yes | Yes | No | No |
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Charting - Indicators / Studies |
30 | 29 | 88 | Default (MT4/MT5) | 30 |
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Charting - Draw Trendlines |
Yes | Yes | Yes | No | Yes |
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Charting - Trendlines Moveable |
Yes | Yes | Yes | No | Yes |
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Charting - Multiple Time Frames |
Yes | Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes | Yes | No | No |
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Forex Calendar |
Yes | Yes | Yes | No | No |
Research
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
Daily Market Commentary |
Yes | Yes | Yes | Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes | Yes | Yes | Yes |
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Weekly Webinars |
Yes | Yes | Yes | No | No |
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AutoChartist |
Yes | No | No | Yes | No |
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Trading Central (Recognia) |
No | Yes | Yes | No | Yes |
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Delkos Research |
No | No | No | No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes | Yes | Yes | Yes |
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Economic Calendar |
Yes | Yes | Yes | Yes | Yes |
Education
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
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Has Education - Forex |
Yes | Yes | Yes | Yes | Yes |
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Has Education - CFDs |
Yes | Yes | No | Yes | No |
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Client Webinars |
Yes | Yes | Yes | No | Yes |
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Client Webinars (Archived) |
Yes | Yes | No | Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes | Yes | Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes | Yes | Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes | Yes | Yes | Yes |
Major Forex Pairs
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
|
GBP/USD |
Yes | Yes | Yes | Yes | Yes |
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USD/JPY |
Yes | Yes | Yes | Yes | Yes |
|
EUR/USD |
Yes | Yes | Yes | Yes | Yes |
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USD/CHF |
Yes | Yes | Yes | Yes | Yes |
|
USD/CAD |
Yes | Yes | Yes | Yes | Yes |
|
NZD/USD |
Yes | Yes | Yes | Yes | Yes |
|
AUD/USD |
Yes | Yes | Yes | Yes | Yes |
Overall
| Feature | IG | CMC Markets | FOREX.com | FP Markets | AvaTrade |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 93 | 81 | 93 |
| IG Review | CMC Markets Review | FOREX.com Review | FP Markets Review | AvaTrade Review |
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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IG - 75% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.
