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Online Brokerage Comparison Tool

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Written by ForexBrokers.com

November 08, 2022

The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. To best support your experience, providers are displayed based on your geo location. Please note: Product offerings may vary depending on your country of residence.

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Overall RatingIGCMC MarketsFOREX.comCity Index
Overall Rating5 Stars5 Stars5 Stars5 Stars
Commissions & Fees5 Stars5 Stars4.5 Stars4.5 Stars
Offering of Investments5 Stars5 Stars5 Stars5 Stars
Platform & Tools5 Stars5 Stars5 Stars4.5 Stars
Mobile Trading5 Stars5 Stars5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars4.5 Stars
Education5 Stars4.5 Stars4.5 Stars4.5 Stars
Trust Score99999999
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ReviewIG ReviewCMC Markets ReviewFOREX.com ReviewCity Index Review
RegulationIGCMC MarketsFOREX.comCity Index
Trust Score99999999
Year Founded1974198919991983
Publicly Traded (Listed)YesYesYesYes
BankYesNoNoNo
Tier-1 Licenses7543
Tier-2 Licenses2122
Tier-3 Licenses1011
Authorised in European UnionYesYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)IGCMC MarketsFOREX.comCity Index
ASIC Authorised (Australia)YesYesNoYes
IIROC Authorised (Canada)NoYesYesYes
SFC Authorised (Hong Kong)NoNoNoNo
CBI Authorised (Ireland)NoNoNoNo
FSA Authorised (Japan)YesNoYesNo
MAS Authorised (Singapore)YesYesNoYes
FINMA Authorised (Switzerland)YesNoNoNo
FCA Authorised (U.K.)YesYesYesYes
CFTC Registered (USA)YesNoYesNo
FMA Authorised (New Zealand)YesYesNoNo
Tier-2 Licenses (Average Trust)IGCMC MarketsFOREX.comCity Index
CBRC Authorised (China)NoNoNoNo
CySEC Authorised (Cyprus)NoNoYesYes
SEBI Authorised (India)NoNoNoNo
ISA Authorised (Israel)NoNoNoNo
CBR Authorised (Russia)NoNoNoNo
FSCA Authorised (South Africa)YesNoNoNo
SEC Authorised (Thailand)NoNoNoNo
DFSA / Central Bank Authorised (UAE)YesYesYesYes
Tier-3 Licenses (Low Trust)IGCMC MarketsFOREX.comCity Index
SCB Authorised (Bahamas)NoNoNoNo
IFSC Authorised (Belize)NoNoNoNo
CIMA Authorised (Cayman Islands)NoNoYesYes
BMA Authorised (Bermuda)YesNoNoNo
FSC Authorised (British Virgin Islands)NoNoNoNo
FSC Authorised (Mauritius)NoNoNoNo
VFSC Authorised (Vanuatu)NoNoNoNo
InvestmentsIGCMC MarketsFOREX.comCity Index
Forex Trading (Spot or CFDs)YesYesYesYes
Tradeable Symbols (Total)1953712377550013500
Forex Pairs (Total)1001589184
U.S. Stock Trading (Non CFD)YesYesNoNo
Int'l Stock Trading (Non CFD)YesYesNoNo
Social Trading / Copy TradingYesYesNoYes
Cryptocurrency (Physical)NoNoNoNo
Cryptocurrency (CFD)YesYesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIGCMC MarketsFOREX.comCity Index
Average Spread EUR/USD - Standard0.86 (September 2022)0.51 (August 2022)1.0 (July 2022)1.0 (July 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)0.51 (August 2022)1.0 (July 2022)1.0 (July 2022)
Active Trader or VIP DiscountsYesYesYesYes
Execution: Agency BrokerYesNoNoNo
Execution: Market MakerYesYesYesYes
FundingIGCMC MarketsFOREX.comCity Index
Minimum Initial Depositยฃ250.00$0$100ยฃ100.00
PayPal (Deposit/Withdraw)YesYesYesYes
Skrill (Deposit/Withdraw)NoNoNoNo
Visa/Mastercard (Credit/Debit)YesYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYesYes
Trading PlatformsIGCMC MarketsFOREX.comCity Index
Proprietary PlatformYesYesYesYes
Desktop Platform (Windows)YesYesYesYes
Web PlatformYesYesYesYes
Social Trading / Copy TradingYesYesNoYes
MetaTrader 4 (MT4)YesYesYesYes
MetaTrader 5 (MT5)NoNoYesNo
cTraderNoNoNoNo
DupliTradeNoNoNoNo
ZuluTradeNoNoNoNo
Trading ToolsIGCMC MarketsFOREX.comCity Index
Virtual Trading (Demo)YesYesYesYes
Alerts - Basic FieldsYesYesYesYes
Watchlists - Total Fields1492011
Charting - Indicators / Studies (Total)338420388
Charting - Drawing Tools (Total)20402581
Charting - Trade From ChartYesYesYesYes
Charts can be savedYesYesYesYes
Mobile TradingIGCMC MarketsFOREX.comCity Index
Android AppYesYesYesYes
Apple iOS AppYesYesYesYes
Mobile Alerts - Basic FieldsYesYesYesYes
Mobile WatchlistYesYesYesYes
Watchlist SyncingYesYesYesYes
Mobile Charting - Indicators / Studies33298888
Mobile Charting - Draw TrendlinesYesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYesYes
Forex CalendarYesYesYesYes
ResearchIGCMC MarketsFOREX.comCity Index
Daily Market CommentaryYesYesYesYes
Forex News (Top-Tier Sources)YesYesYesYes
AutochartistYesYesNoNo
Trading Central (Recognia)NoYesYesYes
Social Sentiment - Currency PairsYesYesYesYes
Economic CalendarYesYesYesYes
EducationIGCMC MarketsFOREX.comCity Index
Has Education - Forex or CFDsYesYesYesYes
Client WebinarsYesYesYesYes
Client Webinars (Archived)YesYesNoYes
Videos - Beginner Trading VideosYesYesYesYes
Videos - Advanced Trading VideosYesYesNoYes
Investor Dictionary (Glossary)YesYesYesYes
Major Forex PairsIGCMC MarketsFOREX.comCity Index
GBP/USDYesYesYesYes
USD/JPYYesYesYesYes
EUR/USDYesYesYesYes
USD/CHFYesYesYesYes
USD/CADYesYesYesYes
NZD/USDYesYesYesYes
AUD/USDYesYesYesYes
ReviewIG ReviewCMC Markets ReviewFOREX.com ReviewCity Index Review
OverallIGCMC MarketsFOREX.comCity Index
Overall Rating5 Stars5 Stars5 Stars5 Stars
Commissions & Fees5 Stars5 Stars4.5 Stars4.5 Stars
Offering of Investments5 Stars5 Stars5 Stars5 Stars
Platform & Tools5 Stars5 Stars5 Stars4.5 Stars
Mobile Trading5 Stars5 Stars5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars4.5 Stars
Education5 Stars4.5 Stars4.5 Stars4.5 Stars
Trust Score99999999
Winnercheck_circle
ReviewIG ReviewCMC Markets ReviewFOREX.com ReviewCity Index Review
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