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ForexBrokers.com | May 7th, 2021

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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 FP Markets AvaTrade
Overall 5 5 4.5 4 4
Commissions & Fees 5 5 3.5 5 4.5
Offering of Investments 5 5 5 4.5 4
Platforms & Tools 5 5 4.5 4 4
Mobile Trading 5 5 4.5 4 4
Research 5 5 4 3.5 3.5
Education 5 4 4 3 4.5
Trust Score 99 99 93 81 93
IG Review CMC Markets Review FOREX.com Review FP Markets Review AvaTrade Review
Winner check_circle
75% of retail CFD accounts lose money 73% of retail CFD accounts lose money 79% of retail CFD accounts lose money The vast majority of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Trust Score 99 99 93 81 93
Year Founded
1974 1989 1999 2005 2006
Publicly Traded (Listed)
Yes Yes Yes No No
Bank
Yes No No No No
Tier-1 Licenses
6 4 4 1 3
Tier-2 Licenses
3 2 0 1 4
Tier-3 Licenses
1 0 1 0 1
Authorised in the European Union
Yes Yes Yes Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Forex Trading
Yes Yes Yes Yes Yes
CFDs (Total)
19537 9852 4500 8908 722
Forex Pairs (Total)
104 158 91 61 55
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 FP Markets AvaTrade
Average Spread EUR/USD - Standard
0.745 (August 2020) 0.74 (August 2020) 1.4 (UK August 2020) 1.14 (June 2020) 0.91 (August 2020)
All-in Cost EUR/USD - Active
0.365 (May 2020) 0.64 (August 2020) 1.5 (August 2020) 0.61 (August 2020) 0.61 (August 2020)
Active Trader or VIP Discounts
Yes Yes Yes Yes Yes

Funding

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Minimum Initial Deposit
£250.00 $0.00 $100.00 $100 AUD $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 Yes
Skrill (Deposit/Withdraw)
No No No Yes Yes

Trading Platforms

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Proprietary Platform
Yes Yes Yes No Yes
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 Yes Yes
cTrader
No No No No No
DupliTrade
No No No No Yes
ZuluTrade
No No No No Yes

Trading Tools

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Virtual Trading (Demo)
Yes Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes Yes
Watchlists - Total Fields
14 9 18 Default (MT4/MT5) 7
Charting - Indicators / Studies (Total)
30 86 139 59 51
Charting - Drawing Tools (Total)
20 40 25 Default (MT4/MT5) 31
Charting - Trade From Chart
Yes Yes Yes Yes Yes
Charting - Drawings Autosave
No Yes Yes No Yes
Order Type - Trailing Stop
Yes Yes Yes No Yes

Mobile Trading

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
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 No No
Charting - Indicators / Studies
30 29 88 Default (MT4/MT5) 30
Charting - Draw Trendlines
Yes Yes Yes No Yes
Charting - Trendlines Moveable
Yes Yes Yes No Yes
Charting - Multiple Time Frames
Yes Yes Yes Yes Yes
Charting - Drawings Autosave
Yes Yes Yes No No
Forex Calendar
Yes Yes Yes No No

Research

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Daily Market Commentary
Yes Yes Yes Yes Yes
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

Education

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
Has Education - Forex
Yes Yes Yes Yes Yes
Has Education - CFDs
Yes Yes No Yes No
Client Webinars
Yes Yes Yes No Yes
Client Webinars (Archived)
Yes Yes No Yes 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

Major Forex Pairs

Feature IG CMC Markets FOREX.com FP Markets AvaTrade
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 FP Markets AvaTrade
Overall 5 5 4.5 4 4
Commissions & Fees 5 5 3.5 5 4.5
Offering of Investments 5 5 5 4.5 4
Platforms & Tools 5 5 4.5 4 4
Mobile Trading 5 5 4.5 4 4
Research 5 5 4 3.5 3.5
Education 5 4 4 3 4.5
Trust Score 99 99 93 81 93
IG Review CMC Markets Review FOREX.com Review FP Markets Review AvaTrade 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.

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