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ForexBrokers.com | September 19th, 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 Tickmill
Overall 5 5 4.5 4 4
Commissions & Fees 5 5 3.5 5 5
Offering of Investments 5 5 5 4.5 3
Platforms & Tools 5 5 4.5 4 3
Mobile Trading 5 5 4.5 4 3
Research 5 5 4 3.5 4
Education 5 4 4 3 4
Trust Score 99 99 99 81 81
IG Review CMC Markets Review FOREX.com Review FP Markets Review Tickmill Review
70% of retail CFD accounts lose money 69% of retail CFD accounts lose money 77% of retail CFD accounts lose money The vast majority of retail CFD accounts lose money 76% of retail CFD accounts lose money

Regulation

Feature IG CMC Markets FOREX.com FP Markets Tickmill
Trust Score 99 99 99 81 81
Year Founded
1974 1989 1999 2005 2014
Publicly Traded (Listed)
Yes Yes Yes No No
Bank
Yes No No No No
Tier-1 Licenses
6 4 4 1 1
Tier-2 Licenses
3 2 1 1 2
Tier-3 Licenses
1 0 1 0 0
Authorised in the European Union
Yes Yes Yes Yes Yes

Tier-1 Licenses (High Trust)

Feature IG CMC Markets FOREX.com FP Markets 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 No No
FINMA Authorised (Switzerland)
Yes No No No No
FCA Authorised (UK)
Yes Yes Yes No Yes
CFTC Registered (USA)
Yes No Yes No No

Tier-2 Licenses (Average Trust)

Feature IG CMC Markets FOREX.com FP Markets 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 FP Markets 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 FP Markets Tickmill
Forex Trading
Yes Yes Yes Yes Yes
CFD Trading
Yes Yes Yes Yes Yes
Tradeable Symbols (Total)
19537 9852 4500 8908 87
Forex Pairs (Total)
104 158 91 61 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 FP Markets Tickmill
Average Spread EUR/USD - Standard
0.745 (August 2020) 0.74 (August 2020) 1.4 (UK August 2020) 1.14 (June 2020) 0.5 (August 2021)
All-in Cost EUR/USD - Active
0.365 (May 2020) 0.64 (August 2020) 1.5 (August 2020) 0.61 (August 2020) 0.3 (August 2021)
Active Trader or VIP Discounts
Yes Yes Yes Yes Yes
Execution: Agency Broker
Yes No Yes No Yes
Execution: Market Maker
Yes Yes Yes No No

Funding

Feature IG CMC Markets FOREX.com FP Markets Tickmill
Minimum 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 No
Skrill (Deposit/Withdraw)
No No No Yes Yes

Trading Platforms

Feature IG CMC Markets FOREX.com FP Markets Tickmill
Proprietary Platform
Yes Yes Yes No 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 Yes 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 FP Markets Tickmill
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 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 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 No
Charting - Multiple Time Frames
Yes Yes Yes Yes Yes
Charting - Drawings Autosave
Yes Yes Yes No Yes
Forex Calendar
Yes Yes Yes No Yes

Research

Feature IG CMC Markets FOREX.com FP Markets 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 Yes Yes
Trading Central (Recognia)
No Yes Yes No 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 FP Markets Tickmill
Has Education - Forex or CFDs
Yes Yes Yes Yes Yes
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 No
Investor Dictionary (Glossary)
Yes Yes Yes Yes Yes

Major Forex Pairs

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

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