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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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Overall Rating
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 99 | 99 | 81 |
| IG Review | CMC Markets Review | FOREX.com Review | City Index Review | Tickmill Review | |
| 70% of retail CFD accounts lose money | 72% of retail CFD accounts lose money | 77% of retail CFD accounts lose money | 70% of retail CFD accounts lose money | 76% of retail CFD accounts lose money |
Regulation
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
| Trust Score | 99 | 99 | 99 | 99 | 81 |
|
Year Founded |
1974 | 1989 | 1999 | 1983 | 2014 |
|
Publicly Traded (Listed) |
Yes | Yes | Yes | Yes | No |
|
Bank |
Yes | No | No | No | No |
|
Tier-1 Licenses |
6 | 4 | 4 | 3 | 1 |
|
Tier-2 Licenses |
3 | 2 | 1 | 1 | 2 |
|
Tier-3 Licenses |
1 | 0 | 1 | 1 | 0 |
|
Authorised in the European Union |
Yes | Yes | Yes | Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
ASIC Authorised (Australia) |
Yes | Yes | No | Yes | No |
|
IIROC Authorised (Canada) |
No | Yes | Yes | No | No |
|
SFC Authorised (Hong Kong) |
No | No | No | No | No |
|
FSA Authorised (Japan) |
Yes | No | Yes | No | No |
|
MAS Authorised (Singapore) |
Yes | Yes | No | Yes | No |
|
FINMA Authorised (Switzerland) |
Yes | No | No | No | No |
|
FCA Authorised (UK) |
Yes | Yes | Yes | Yes | Yes |
|
CFTC Registered (USA) |
Yes | No | Yes | No | No |
Tier-2 Licenses (Average Trust)
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
CBRC Authorised (China) |
No | No | No | No | No |
|
CySEC Authorised (Cyprus) |
No | No | Yes | Yes | Yes |
|
CBI Authorised (Ireland) |
No | No | No | No | No |
|
ISA Authorised (Israel) |
No | No | No | No | No |
|
FMA Authorised (New Zealand) |
Yes | Yes | No | No | No |
|
CBR Authorised (Russia) |
No | No | No | No | No |
|
FSCA Authorised (South Africa) |
Yes | No | No | No | Yes |
|
SEC Authorised (Thailand) |
No | No | No | No | No |
Tier-3 Licenses (Low Trust)
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
| SCB Authorised (Bahamas) | No | No | No | No | No |
| IFSC Authorised (Belize) | No | No | No | No | No |
| BMA Authorised (Bermuda) | Yes | No | No | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No | No | No | No |
|
FSC Authorised (Mauritius) |
No | No | No | No | No |
Investments
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Forex Trading |
Yes | Yes | Yes | Yes | Yes |
|
CFD Trading |
Yes | Yes | Yes | Yes | Yes |
|
Tradeable Symbols (Total) |
19537 | 11927 | 4500 | 4500 | 87 |
|
Forex Pairs (Total) |
104 | 158 | 91 | 65 | 62 |
|
US Stock Trading (Non CFD) |
Yes | No | No | No | No |
|
Int'l Stock Trading (Non CFD) |
Yes | Yes | No | No | No |
|
Cryptocurrency (Physical) |
No | No | No | No | No |
|
Cryptocurrency (CFD) |
Yes | Yes | Yes | Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes | No | Yes | Yes |
Cost
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Average Spread EUR/USD - Standard |
0.745 (August 2020) | 0.74 (August 2020) | 1.3 (US August 2021) | 1.1 (Aug 2020) | 0.27 (September 2021) |
|
All-in Cost EUR/USD - Active |
0.365 (May 2020) | 0.64 (August 2020) | 1.5 (August 2020) | 1.1 (Aug 2020) | 0.47 (September 2021) |
|
Active Trader or VIP Discounts |
Yes | Yes | Yes | Yes | Yes |
|
Execution: Agency Broker |
Yes | No | No | No | Yes |
|
Execution: Market Maker |
Yes | Yes | Yes | Yes | Yes |
Funding
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Minimum Deposit |
£250.00 | $0.00 | $100.00 | £50.00 | $100.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes | Yes | Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes | Yes | Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes | Yes | Yes | No |
|
Skrill (Deposit/Withdraw) |
No | No | No | No | Yes |
Trading Platforms
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Proprietary Platform |
Yes | Yes | Yes | Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes | Yes | Yes | Yes |
|
Web Platform |
Yes | Yes | Yes | Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes | No | Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes | Yes | Yes | Yes |
|
MetaTrader 5 (MT5) |
No | No | Yes | No | Yes |
|
cTrader |
No | No | No | No | No |
|
DupliTrade |
No | No | No | No | No |
|
ZuluTrade |
No | No | No | No | Yes |
Trading Tools
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Virtual Trading (Demo) |
Yes | Yes | Yes | Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
|
Watchlists - Total Fields |
14 | 9 | 18 | 20 | 7 |
|
Charting - Indicators / Studies (Total) |
30 | 86 | 139 | 139 | 51 |
|
Charting - Drawing Tools (Total) |
20 | 40 | 25 | 269 | 31 |
|
Charting - Trade From Chart |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes | Yes | Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes | Yes | Yes | Yes |
Mobile Trading
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Android App |
Yes | Yes | Yes | Yes | Yes |
|
Apple iOS App |
Yes | Yes | Yes | Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
|
Watch List |
Yes | Yes | Yes | Yes | Yes |
|
Watch List Syncing |
Yes | Yes | Yes | Yes | No |
|
Charting - Indicators / Studies |
30 | 29 | 88 | 88 | 30 |
|
Charting - Draw Trendlines |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Trendlines Moveable |
Yes | Yes | Yes | No | No |
|
Charting - Multiple Time Frames |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes | Yes | Yes | Yes |
|
Forex Calendar |
Yes | Yes | Yes | Yes | Yes |
Research
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Daily Market Commentary |
Yes | Yes | Yes | Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes | Yes | Yes | Yes |
|
Weekly Webinars |
Yes | Yes | Yes | No | Yes |
|
Autochartist |
Yes | No | No | No | Yes |
|
Trading Central (Recognia) |
No | Yes | Yes | Yes | No |
|
Delkos Research |
No | No | No | No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes | Yes | Yes | Yes |
|
Economic Calendar |
Yes | Yes | Yes | Yes | Yes |
Education
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
Has Education - Forex or CFDs |
Yes | Yes | Yes | Yes | Yes |
|
Client Webinars |
Yes | Yes | Yes | Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes | No | Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes | Yes | Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | Yes | No | Yes | No |
|
Investor Dictionary (Glossary) |
Yes | Yes | Yes | Yes | Yes |
Major Forex Pairs
| Feature | IG | CMC Markets | FOREX.com | City Index | Tickmill |
|
GBP/USD |
Yes | Yes | Yes | Yes | Yes |
|
USD/JPY |
Yes | Yes | Yes | Yes | Yes |
|
EUR/USD |
Yes | Yes | Yes | Yes | Yes |
|
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 | City Index | Tickmill |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 99 | 99 | 81 |
| IG Review | CMC Markets Review | FOREX.com Review | City Index Review | Tickmill 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.
