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ForexBrokers.com | July 23rd, 2020

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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 Saxo Bank FOREX.com XTB Interactive Brokers eToro
Overall 5 5 4.5 4.5 4.5 4
IG Review Saxo Bank Review FOREX.com Review XTB Review Interactive Brokers Review eToro Review
76% of retail CFD accounts lose money 72% of retail CFD accounts lose money 72% of retail CFD accounts lose money 80% of retail CFD accounts lose money 66% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Trust Score 99 98 93 92 94 91
Year Founded
1974 1992 1999 2002 1977 2007
Publicly Traded (Listed)
Yes No Yes Yes Yes No
Bank
Yes Yes No No No No
Tier-1 Licenses
6 6 4 1 6 2
Tier-2 Licenses
3 1 0 1 0 1
Tier-3 Licenses
1 0 1 1 0 0
Authorised in the European Union
Yes Yes Yes Yes Yes Yes

Tier-1 Licenses

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
ASIC Authorised (Australia)
Yes Yes No No No Yes
IIROC Authorised (Canada)
No No Yes No Yes No
SFC Authorised (Hong Kong)
No Yes No No Yes No
FSA Authorised (Japan)
Yes Yes Yes No Yes No
MAS Authorised (Singapore)
Yes Yes No No Yes No
FINMA Authorised (Switzerland)
Yes Yes No No Yes No
FCA Authorised (UK)
Yes Yes Yes Yes Yes Yes
CFTC Registered (USA)
Yes No Yes No Yes No

Investments

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Forex: Spot Trading
Yes Yes Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes No Yes No Yes
Currency Pairs (Total Forex pairs)
93 182 91 49 105 47
CFDs - Total Offered
17535 35000 4500 1894 7400 1980
Cryptocurrency traded as actual
No No No No No Yes
Cryptocurrency traded as CFD
Yes No Yes Yes Yes Yes
Offering of Investments 5 5 5 4 4.5 4.5
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Cost

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Average Spread EUR/USD - Standard
0.7 (as of May 19) 0.6 (as of Sep 19) 1 (as of Q3 19) 0.78 (as of Q3 19) N/A 3 (as of May 19)
All-in Cost EUR/USD - Active
0.363 (as of Mar 16) 0.6 (as of Sep 19) 0.7 (as of Q3 18) 0.78 (as of Q3 19) N/A N/A
Active Trader or VIP Discounts
Yes Yes Yes Yes Yes Yes
Commissions & Fees 5 5 4 4 4 3
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Funding

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Minimum Initial Deposit
£250.00 $10,000.00 $100.00 $0.00 $0 $200
Bank Wire (Deposit/Withdraw)
Yes Yes Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes Yes Yes No Yes
PayPal (Deposit/Withdraw)
Yes No Yes Yes No Yes
Skrill (Deposit/Withdraw)
No No No Yes No Yes

Trading Platforms

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Proprietary Platform
Yes Yes Yes Yes Yes Yes
Desktop Platform (Windows)
Yes Yes Yes Yes Yes No
Web Platform
Yes Yes Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes No Yes No Yes
MetaTrader 4 (MT4)
Yes Yes Yes Yes No No
MetaTrader 5 (MT5)
No No Yes No No No
cTrader
No No No No No No

Trading Tools

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Virtual Trading (Demo)
Yes Yes Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes Yes Yes
Watchlists - Total Fields
14 12 18 7 494 6
Charting - Indicators / Studies (Total)
28 55 139 51 121 66
Charting - Drawing Tools (Total)
19 19 25 31 9 13
Charting - Trade From Chart
Yes Yes Yes Yes Yes No
Charting - Drawings Autosave
No Yes Yes Yes Yes Yes
Order Type - Trailing Stop
Yes Yes Yes Yes Yes Yes
Platform & Tools 5 5 4 4 4.5 4
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Mobile Trading

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Android App
Yes Yes Yes Yes Yes Yes
Apple iOS App
Yes Yes Yes Yes Yes Yes
Trading - Forex
Yes Yes Yes Yes Yes Yes
Trading - CFDs
Yes Yes Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes Yes No
Watch List
Yes Yes Yes Yes Yes Yes
Watch List Syncing
Yes Yes Yes No Yes Yes
Charting - Indicators / Studies
28 41 7 30 70 5
Charting - Draw Trend Lines
Yes Yes Yes Yes No No
Charting - Trend Lines Moveable
Yes Yes Yes Yes No No
Charting - Multiple Time Frames
Yes Yes Yes Yes Yes Yes
Charting - Drawings Autosave
Yes Yes Yes No Yes No
Forex Calendar
Yes Yes Yes Yes No No
Mobile Trading 4.5 4.5 4 4 4 4
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Research

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Daily Market Commentary
Yes Yes Yes Yes Yes Yes
Forex News (Top-Tier Sources)
Yes Yes Yes Yes Yes No
Weekly Webinars
Yes Yes Yes No No No
AutoChartist
Yes Yes Yes No No No
Trading Central (Recognia)
No No Yes No Yes No
Delkos Research
No No Yes No No No
Social Sentiment - Currency Pairs
Yes Yes Yes Yes No Yes
Economic Calendar
Yes Yes Yes Yes Yes Yes
Research 5 5 4.5 4.5 4.5 4
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Education

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
Has Education - Forex
Yes Yes Yes Yes Yes Yes
Has Education - CFDs
Yes Yes No Yes Yes No
Client Webinars
Yes Yes Yes Yes Yes Yes
Client Webinars (Archived)
Yes Yes No Yes Yes No
Videos - Beginner Trading Videos
Yes Yes Yes Yes No Yes
Videos - Advanced Trading Videos
Yes Yes Yes Yes Yes Yes
Investor Dictionary (Glossary)
Yes Yes Yes No Yes Yes
Education 4.5 4 4 4 4 4
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Major Forex Pairs

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
GBP/USD
Yes Yes Yes Yes Yes Yes
USD/JPY
Yes Yes Yes Yes Yes Yes
EUR/USD
Yes Yes Yes Yes Yes Yes
USD/CHF
Yes Yes Yes Yes Yes Yes
USD/CAD
Yes Yes Yes Yes Yes Yes
NZD/USD
Yes Yes Yes Yes Yes Yes
AUD/USD
Yes Yes Yes Yes Yes Yes

Overall

Feature IG Saxo Bank FOREX.com XTB Interactive Brokers eToro
IG Review Saxo Bank Review FOREX.com Review XTB Review Interactive Brokers Review eToro Review
Overall 5 5 4.5 4.5 4.5 4
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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 01/20/2020 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 - 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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