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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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Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
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A Global Market Leader! Visit Site
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| Visit Site | Visit Site |
Overall Rating
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
| Overall | |||||
| 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 |
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Year Founded |
1974 | 1992 | 1989 | 1999 | 1983 |
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Publicly Traded (Listed) |
Yes | No | Yes | Yes | Yes |
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Bank |
Yes | Yes | No | No | No |
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Tier-1 Licenses |
6 | 6 | 4 | 4 | 3 |
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Tier-2 Licenses |
3 | 1 | 2 | 0 | 0 |
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Tier-3 Licenses |
0 | 0 | 0 | 1 | 1 |
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Authorised in the European Union |
Yes | Yes | Yes | Yes | Yes |
Tier-1 Licenses
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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ASIC Authorised (Australia) |
Yes | Yes | Yes | No | Yes |
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IIROC Authorised (Canada) |
No | No | Yes | Yes | No |
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SFC Authorised (Hong Kong) |
No | Yes | No | No | No |
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FSA Authorised (Japan) |
Yes | Yes | No | Yes | No |
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MAS Authorised (Singapore) |
Yes | Yes | Yes | No | Yes |
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FINMA Authorised (Switzerland) |
Yes | Yes | No | No | No |
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FCA Authorised (UK) |
Yes | Yes | Yes | Yes | Yes |
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CFTC Registered (USA) |
Yes | No | No | Yes | No |
Investments
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Forex: Spot Trading |
Yes | Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | Yes | Yes | Yes |
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Currency Pairs (Total Forex pairs) |
93 | 182 | 180 | 91 | 84 |
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CFDs - Total Offered |
17535 | 35000 | 9848 | 4500 | 4500 |
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Cryptocurrency traded as actual |
No | No | No | No | No |
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Cryptocurrency traded as CFD |
Yes | No | Yes | Yes | Yes |
| Offering of Investments | |||||
| Winner | check_circle |
Cost
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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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) |
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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) |
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Active Trader or VIP Discounts |
Yes | Yes | Yes | Yes | Yes |
| Commissions & Fees | |||||
| Winner | check_circle |
Funding
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Minimum Initial Deposit |
£250.00 | $10,000.00 | $0.00 | $50.00 | £50.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes | Yes | Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes | Yes | Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No | Yes | Yes | Yes |
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Skrill (Deposit/Withdraw) |
No | No | No | No | No |
Trading Platforms
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Proprietary Platform |
Yes | Yes | Yes | Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes | Yes | Yes | Yes |
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Web Platform |
Yes | Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | Yes | Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | No | Yes | Yes | Yes |
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MetaTrader 5 (MT5) |
No | No | No | Yes | No |
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cTrader |
No | No | No | No | No |
Trading Tools
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Virtual Trading (Demo) |
Yes | Yes | Yes | Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
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Watchlists - Total Fields |
14 | 12 | 8 | 18 | 18 |
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Charting - Indicators / Studies (Total) |
28 | 55 | 79 | 139 | 139 |
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Charting - Drawing Tools (Total) |
19 | 19 | 24 | 25 | 25 |
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Charting - Trade From Chart |
Yes | Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
No | Yes | Yes | Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes | Yes | Yes | Yes |
| Platform & Tools | |||||
| Winner | check_circle |
Mobile Trading
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Android App |
Yes | Yes | Yes | Yes | Yes |
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Apple iOS App |
Yes | Yes | Yes | Yes | Yes |
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Trading - Forex |
Yes | Yes | Yes | Yes | Yes |
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Trading - CFDs |
Yes | Yes | Yes | Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes | Yes |
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Watch List |
Yes | Yes | Yes | Yes | Yes |
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Watch List Syncing |
Yes | Yes | Yes | Yes | Yes |
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Charting - Indicators / Studies |
28 | 41 | 23 | 7 | 74 |
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Charting - Draw Trend Lines |
Yes | Yes | Yes | Yes | Yes |
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Charting - Trend Lines Moveable |
Yes | Yes | Yes | Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes | Yes | Yes | No |
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Forex Calendar |
Yes | Yes | Yes | Yes | Yes |
| Mobile Trading | |||||
| Winner | check_circle |
Research
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Daily Market Commentary |
Yes | Yes | Yes | Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes | Yes | Yes | Yes |
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Weekly Webinars |
Yes | Yes | Yes | Yes | No |
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AutoChartist |
Yes | Yes | No | Yes | Yes |
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Trading Central (Recognia) |
No | No | Yes | Yes | Yes |
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Delkos Research |
No | No | No | Yes | No |
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Social Sentiment - Currency Pairs |
Yes | Yes | Yes | Yes | Yes |
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Economic Calendar |
Yes | Yes | Yes | Yes | Yes |
| Research | |||||
| Winner | check_circle |
Education
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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Has Education - Forex |
Yes | Yes | Yes | Yes | Yes |
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Has Education - CFDs |
Yes | Yes | Yes | No | Yes |
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Client Webinars |
Yes | Yes | Yes | Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes | Yes | No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes | Yes | Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes | Yes | Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes | Yes | Yes | Yes |
| Education | |||||
| Winner | check_circle |
Major Forex Pairs
| Feature | IG | Saxo Bank | CMC Markets | FOREX.com | City Index |
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GBP/USD |
Yes | Yes | Yes | Yes | Yes |
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USD/JPY |
Yes | Yes | Yes | Yes | Yes |
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EUR/USD |
Yes | Yes | Yes | Yes | Yes |
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USD/CHF |
Yes | Yes | Yes | Yes | Yes |
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USD/CAD |
Yes | Yes | Yes | Yes | Yes |
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NZD/USD |
Yes | Yes | Yes | Yes | Yes |
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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 | |||||
| Winner | check_circle |
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.
