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ForexBrokers.com | August 19th, 2019

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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.


	Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site		A Global Market Leader! Visit Site
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Overall Rating

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Overall	4.5	4.5	4	4	4.5
	IG Review	Saxo Bank Review	FOREX.com Review	City Index Review	CMC Markets Review
	74% of retail CFD accounts lose money	69% of retail CFD accounts lose money	70% of retail CFD accounts lose money	70% of retail CFD accounts lose money	75% of retail CFD accounts lose money

Regulation

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Trust Score	99	98	91	91	98
Year Founded	1974	1992	1999	1983	1989
Publicly Traded (Listed)	Yes	No	Yes	Yes	Yes
Bank	Yes	Yes	No	No	No
Tier-1 Licenses	6	6	4	3	4
Tier-2 Licenses	3	1	0	0	2
Tier-3 Licenses	0	0	0	0	0
Authorised in the European Union	Yes	Yes	Yes	Yes	Yes

Tier-1 Licenses

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

Tier-2 Licenses

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
CBRC Authorised (China)	No	No	No	No	Yes
CySEC Authorised (Cyprus)	No	Yes	No	No	No
ISA Authorised (Israel)	No	No	No	No	No
FMA Authorised (New Zealand)	Yes	No	No	No	Yes
CBR Authorised (Russia)	No	No	No	No	No
FSB Authorised (South Africa)	Yes	Yes	No	No	No
SEC Authorised (Thailand)	No	No	No	No	No
DFSA / Central Bank Authorised (UAE)	Yes	Yes	No	No	No

Tier-3 Licenses

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
FSC Authorised (British Virgin Islands)	No	No	No	No	No
FSC Authorised (Mauritius)	No	No	No	No	No
Offshore Authorised	No	No	No	No	No

Investments

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Forex: Spot Trading	Yes	Yes	Yes	Yes	Yes
Currency Pairs (Total Forex pairs)	91	182	84	84	183
CFDs - Total Offered	15000	32999	220	4500	9959
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
Winner

Cost

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Average Spread EUR/USD - Standard	0.75 (as of Q4 18)	0.9 (as of Sep 18)	0.77 (as of Q3 18)	0.77 (as of Q3 2018)	0.744 (as of Sep 18)
All-in Cost EUR/USD - Active	0.363 (as of Mar 16)	0.6 (as of Jun 17)	0.7 (as of Q3 18)	0.77 (as of Q3 2018)	0.744 (as of Sep 18)
Active Trader or VIP Discounts	Yes	Yes	Yes	Yes	Yes
Commissions & Fees	4.5	4.5	4.5	4.5	5
Winner

Funding

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Minimum Initial Deposit	£250.00	$2,000.00	$250.00	£100.00	$0.00
Bank Wire (Deposit/Withdraw)	Yes	Yes	Yes	Yes	Yes
Visa/Mastercard (Credit/Debit)	Yes	Yes	Yes	Yes	Yes
PayPal (Deposit/Withdraw)	Yes	No	No	No	Yes
Skrill (Deposit/Withdraw)	No	No	No	No	No

Trading Platforms

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
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	No	No
cTrader	No	No	No	No	No

Trading Tools

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Virtual Trading (Demo)	Yes	Yes	Yes	Yes	Yes
Alerts - Basic Fields	Yes	Yes	Yes	Yes	Yes
Watchlists - Total Fields	12	12	11	18	8
Charting - Indicators / Studies (Total)	22	47	139	139	81
Charting - Drawing Tools (Total)	17	17	22	25	24
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	4	4.5
Winner

Mobile Trading

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
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	26	41	13	7	23
Charting - Draw Trend Lines	Yes	Yes	Yes	Yes	Yes
Charting - Trend Lines Moveable	Yes	Yes	Yes	No	Yes
Charting - Multiple Time Frames	Yes	Yes	Yes	Yes	Yes
Charting - Drawings Autosave	Yes	Yes	Yes	No	Yes
Forex Calendar	Yes	Yes	Yes	Yes	Yes
Mobile Trading	4	4.5	4	4	4
Winner

Research

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
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	Yes	Yes	Yes	No
Trading Central (Recognia)	No	No	Yes	Yes	Yes
Delkos Research	No	No	Yes	No	No
Social Trading / Copy-Trading	Yes	Yes	Yes	Yes	Yes
Social Sentiment - Currency Pairs	Yes	Yes	Yes	No	Yes
Economic Calendar	Yes	Yes	Yes	Yes	Yes
Research	4.5	4.5	4.5	4	4.5
Winner

Education

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
Has Education - Forex	Yes	Yes	Yes	Yes	Yes
Has Education - CFDs	Yes	Yes	No	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	No
Videos - Advanced Trading Videos	Yes	Yes	Yes	Yes	Yes
Investor Dictionary (Glossary)	Yes	Yes	Yes	Yes	Yes
Tutorials/Guide (PDF or Interactive)	Yes	Yes	Yes	Yes	Yes
Education	4	4	4	4	4
Winner

Major Forex Pairs

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
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
USDCNH (or CNHUSD)	Yes	Yes	Yes	No	Yes
USDSGD (or SGDUSD)	Yes	Yes	Yes	Yes	Yes

Overall

Feature	IG	Saxo Bank	FOREX.com	City Index	CMC Markets
	IG Review	Saxo Bank Review	FOREX.com Review	City Index Review	CMC Markets Review
Overall	4.5	4.5	4	4	4.5
Winner

Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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.

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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