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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 | XTB |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading Apps | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 99 | 82 | 95 |
| IG Review | CMC Markets Review | FOREX.com Review | FP Markets Review | XTB Review | |
| 75% of retail CFD accounts lose money | 69% of retail CFD accounts lose money | 80% of retail CFD accounts lose money | 76% of retail CFD accounts lose money | ||
| Winner | check_circle |
Regulation
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
| Trust Score | 99 | 99 | 99 | 82 | 95 |
|
Year Founded |
1974 | 1989 | 1999 | 2005 | 2002 |
|
Publicly Traded (Listed) |
Yes | Yes | Yes | No | Yes |
|
Bank |
Yes | No | No | No | No |
|
Tier-1 Licenses |
7 | 5 | 4 | 1 | 1 |
|
Tier-2 Licenses |
2 | 1 | 1 | 1 | 3 |
|
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 | XTB |
|
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 | XTB |
|
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 | XTB |
| SCB Authorised (Bahamas) | No | No | No | No | No |
| IFSC Authorised (Belize) | No | No | No | No | Yes |
| 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 | XTB |
|
Forex Trading |
Yes | Yes | Yes | Yes | Yes |
|
CFD Trading |
Yes | Yes | Yes | Yes | Yes |
|
Tradeable Symbols (Total) |
19537 | 11927 | 5500 | 9790 | 10000 |
|
Forex Pairs (Total) |
100 | 158 | 91 | 63 | 49 |
|
US Stock Trading (Non CFD) |
Yes | No | No | No | Yes |
|
Int'l Stock Trading (Non CFD) |
Yes | Yes | No | No | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes | No | Yes | Yes |
|
Cryptocurrency (Physical) |
No | No | No | No | No |
|
Cryptocurrency (CFD) |
Yes | Yes | Yes | Yes | Yes |
| Crypto Disclaimer (UK) | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
Average Spread EUR/USD - Standard |
0.828 (September 2021) | 0.73 (August 2021) | 1.1 (US August 2021) | 1.2 (September 2021) | 0.9 (Q3 2021) |
|
All-in Cost EUR/USD - Active |
0.365 (May 2020) | N/A | 1.1 (August 2021) | 0.7 (September 2021) | 0.9 (Q3 2021) |
|
Active Trader or VIP Discounts |
Yes | Yes | Yes | Yes | Yes |
|
Execution: Agency Broker |
Yes | No | No | No | Yes |
|
Execution: Market Maker |
Yes | Yes | Yes | Yes | Yes |
Funding
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
Minimum Deposit |
£250.00 | $0.00 | $100.00 | $100 AUD | $0.00 |
|
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 | XTB |
|
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 | No | Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes | Yes | Yes | Yes |
|
MetaTrader 5 (MT5) |
No | No | Yes | Yes | No |
|
cTrader |
No | No | No | No | No |
|
DupliTrade |
No | No | No | No | No |
|
ZuluTrade |
No | No | No | No | No |
Trading Tools
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
Virtual Trading (Demo) |
Yes | Yes | Yes | Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
|
Watchlists - Total Fields |
14 | 9 | 18 | 7 | 7 |
|
Charting - Indicators / Studies (Total) |
32 | 86 | 139 | 30 | 51 |
|
Charting - Drawing Tools (Total) |
20 | 40 | 25 | 15 | 31 |
|
Charting - Trade From Chart |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes | Yes | No | Yes |
Mobile Trading
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
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 |
32 | 29 | 88 | MetaTrader (Default) | 30 |
|
Charting - Draw Trendlines |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Trendlines Moveable |
Yes | Yes | Yes | No | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes | Yes | Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes | Yes | Yes | Yes |
|
Forex Calendar |
Yes | Yes | Yes | Yes | Yes |
Research
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
Daily Market Commentary |
Yes | Yes | Yes | Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes | Yes | Yes | Yes |
|
Autochartist |
Yes | Yes | No | Yes | No |
|
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 | XTB |
|
Has Education - Forex or CFDs |
Yes | Yes | Yes | 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 | Yes |
|
Videos - Advanced Trading Videos |
Yes | Yes | No | Yes | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes | Yes | Yes | No |
Major Forex Pairs
| Feature | IG | CMC Markets | FOREX.com | FP Markets | XTB |
|
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 | XTB |
| Overall | |||||
| Commissions & Fees | |||||
| Offering of Investments | |||||
| Platforms & Tools | |||||
| Mobile Trading Apps | |||||
| Research | |||||
| Education | |||||
| Trust Score | 99 | 99 | 99 | 82 | 95 |
| IG Review | CMC Markets Review | FOREX.com Review | FP Markets Review | XTB Review |
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 website as of 01/10/2022 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 "Contact" 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.
