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ForexBrokers.com | October 9th, 2020

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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 Saxo Bank Vantage FX
Overall 5 5 4.5 5 3.5
IG Review CMC Markets Review FOREX.com Review Saxo Bank Review Vantage FX Review
76% of retail CFD accounts lose money 79% of retail CFD accounts lose money 73% of retail CFD accounts lose money 71% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Trust Score 99 99 93 99 79
Year Founded
1974 1989 1999 1992 2009
Publicly Traded (Listed)
Yes Yes Yes No No
Bank
Yes No No Yes No
Tier-1 Licenses
6 4 4 6 2
Tier-2 Licenses
3 2 0 1 0
Tier-3 Licenses
1 0 1 0 1
Authorised in the European Union
Yes Yes Yes Yes Yes

Tier-1 Licenses

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
ASIC Authorised (Australia)
Yes Yes No Yes Yes
IIROC Authorised (Canada)
No Yes Yes No No
SFC Authorised (Hong Kong)
No No No Yes No
FSA Authorised (Japan)
Yes No Yes Yes No
MAS Authorised (Singapore)
Yes Yes No Yes No
FINMA Authorised (Switzerland)
Yes No No Yes No
FCA Authorised (UK)
Yes Yes Yes Yes Yes
CFTC Registered (USA)
Yes No Yes No No

Investments

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Forex: Spot Trading
Yes Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes No Yes Yes
Currency Pairs (Total Forex pairs)
104 158 91 170 44
CFDs - Total Offered
19537 9852 4500 9000 260
Cryptocurrency traded as actual
No No No No No
Cryptocurrency traded as CFD
Yes Yes Yes No Yes
Offering of Investments 5 5 5 5 3.5
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Cost

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Average Spread EUR/USD - Standard
0.745 (August 2020) 0.74 (August 2020) 1.4 (UK August 2020) 0.8 (August 2020) 1.35 (July 2020)
All-in Cost EUR/USD - Active
0.365 (May 2020) 0.64 (August 2020) 1.5 (August 2020) 0.6 (August 2020) 0.80 (July 2020)
Active Trader or VIP Discounts
Yes Yes Yes Yes Yes
Commissions & Fees 5 5 4 5 3.5
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Funding

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Minimum Initial Deposit
£250.00 $0.00 $100.00 $10,000.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes Yes Yes No
PayPal (Deposit/Withdraw)
Yes Yes Yes No No
Skrill (Deposit/Withdraw)
No No No No Yes

Trading Platforms

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
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

Trading Tools

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Virtual Trading (Demo)
Yes Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes Yes
Watchlists - Total Fields
14 9 18 58 7
Charting - Indicators / Studies (Total)
30 86 139 58 51
Charting - Drawing Tools (Total)
20 40 25 19 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
Platform & Tools 5 5 4 5 4
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Mobile Trading

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Android App
Yes Yes Yes Yes Yes
Apple iOS App
Yes Yes Yes Yes Yes
Trading - Forex
Yes Yes Yes Yes Yes
Trading - CFDs
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 58 30
Charting - Draw Trend Lines
Yes Yes Yes Yes Yes
Charting - Trend Lines Moveable
Yes Yes Yes Yes No
Charting - Multiple Time Frames
Yes Yes Yes Yes Yes
Charting - Drawings Autosave
Yes Yes Yes Yes No
Forex Calendar
Yes Yes Yes Yes No
Mobile Trading 4.5 4.5 4 4.5 3.5
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Research

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Daily Market Commentary
Yes Yes Yes Yes No
Forex News (Top-Tier Sources)
Yes Yes Yes Yes Yes
Weekly Webinars
Yes Yes Yes No No
AutoChartist
Yes No No Yes No
Trading Central (Recognia)
No Yes Yes No Yes
Delkos Research
No No No No No
Social Sentiment - Currency Pairs
Yes Yes Yes Yes Yes
Economic Calendar
Yes Yes Yes Yes Yes
Research 5 5 4.5 5 3.5
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Education

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
Has Education - Forex
Yes Yes Yes Yes Yes
Has Education - CFDs
Yes Yes No Yes No
Client Webinars
Yes Yes Yes Yes Yes
Client Webinars (Archived)
Yes Yes No Yes No
Videos - Beginner Trading Videos
Yes Yes Yes Yes No
Videos - Advanced Trading Videos
Yes Yes Yes Yes No
Investor Dictionary (Glossary)
Yes Yes Yes Yes Yes
Education 4.5 4 4 4 3
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Major Forex Pairs

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
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 No
AUD/USD
Yes Yes Yes Yes Yes

Overall

Feature IG CMC Markets FOREX.com Saxo Bank Vantage FX
IG Review CMC Markets Review FOREX.com Review Saxo Bank Review Vantage FX Review
Overall 5 5 4.5 5 3.5
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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 web site as of 01/20/2020 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 - 76% 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.

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