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ForexBrokers.com | January 17th, 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 Saxo Bank CMC Markets FOREX.com City Index
Overall 4.5 4.5 4.5 4 4
IG Review Saxo Bank Review CMC Markets Review FOREX.com Review City Index Review
68% of retail CFD accounts lose money 72% of retail CFD accounts lose money 70.5% of retail CFD accounts lose money 69% of retail CFD accounts lose money 72% of retail CFD accounts lose money

Regulation

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Trust Score 99 98 99 93 93
Year Founded
1974 1992 1989 1999 1983
Publicly Traded (Listed)
Yes No Yes Yes Yes
Bank
Yes Yes No No No
Tier-1 Licenses
6 6 4 4 3
Tier-2 Licenses
3 1 2 0 0
Tier-3 Licenses
0 0 0 1 1
Authorised in the European Union
Yes Yes Yes Yes Yes

Tier-1 Licenses

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

Investments

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Forex: Spot Trading
Yes Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes Yes Yes Yes
Currency Pairs (Total Forex pairs)
93 182 180 91 84
CFDs - Total Offered
17535 35000 9848 4500 4500
Cryptocurrency traded as actual
No No No No No
Cryptocurrency traded as CFD
Yes No Yes Yes Yes
Offering of Investments 4.5 4.5 4 4 4
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Cost

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Average Spread EUR/USD - Standard
0.7 (as of May 19) 0.6 (as of Sep 19) 0.81 (as of Oct 19) 1 (as of Q3 19) 0.8 (Oct 19)
All-in Cost EUR/USD - Active
0.363 (as of Mar 16) 0.6 (as of Sep 19) 0.81 (as of Oct 19) 0.7 (as of Q3 18) 0.8 (Oct 19)
Active Trader or VIP Discounts
Yes Yes Yes Yes Yes
Commissions & Fees 4.5 4.5 5 4.5 4.5
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Funding

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Minimum Initial Deposit
£250.00 $10,000.00 $0.00 $50.00 £50.00
Bank Wire (Deposit/Withdraw)
Yes Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes Yes Yes Yes
PayPal (Deposit/Withdraw)
Yes No Yes Yes Yes
Skrill (Deposit/Withdraw)
No No No No No

Trading Platforms

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Proprietary Platform
Yes Yes Yes Yes Yes
Desktop Platform (Windows)
Yes Yes Yes Yes Yes
Web Platform
Yes Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes Yes Yes Yes
MetaTrader 4 (MT4)
Yes No Yes Yes Yes
MetaTrader 5 (MT5)
No No No Yes No
cTrader
No No No No No

Trading Tools

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Virtual Trading (Demo)
Yes Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes Yes
Watchlists - Total Fields
14 12 8 18 18
Charting - Indicators / Studies (Total)
28 55 79 139 139
Charting - Drawing Tools (Total)
19 19 24 25 25
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 4.5 4.5 4.5 4 4
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Mobile Trading

Feature IG Saxo Bank CMC Markets FOREX.com City Index
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 Yes
Charting - Indicators / Studies
28 41 23 7 74
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 Yes
Mobile Trading 4 4.5 4 4 4
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Research

Feature IG Saxo Bank CMC Markets FOREX.com City Index
Daily Market Commentary
Yes Yes Yes Yes Yes
Forex News (Top-Tier Sources)
Yes Yes Yes Yes Yes
Weekly Webinars
Yes Yes Yes Yes No
AutoChartist
Yes Yes No Yes Yes
Trading Central (Recognia)
No No Yes Yes Yes
Delkos Research
No No No Yes No
Social Sentiment - Currency Pairs
Yes Yes Yes Yes Yes
Economic Calendar
Yes Yes Yes Yes Yes
Research 4.5 4.5 4.5 4.5 4
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Education

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

Feature IG Saxo Bank CMC Markets FOREX.com City Index
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 Saxo Bank CMC Markets FOREX.com City Index
IG Review Saxo Bank Review CMC Markets Review FOREX.com Review City Index Review
Overall 4.5 4.5 4.5 4 4
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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 01/15/2020 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 - 68% 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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