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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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A Global Market Leader! Visit Site
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Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
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Get up to $600 + Trade Commission-Free for 60 Days Visit Site
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| Visit Site | Visit Site | Visit Site |
Overall Rating
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
| Overall | ||||
| FOREX.com Review | IG Review | TD Ameritrade Forex Review | Interactive Brokers Review | |
| 69% of retail CFD accounts lose money | 75% of retail CFD accounts lose money | N/A of retail CFD accounts lose money | 63.5% of retail CFD accounts lose money |
Regulation
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
| Trust Score | 93 | 99 | 96 | 91 |
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Year Founded |
1999 | 1974 | 1955 | 1977 |
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Publicly Traded (Listed) |
Yes | Yes | Yes | Yes |
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Bank |
No | Yes | Yes | No |
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Tier-1 Licenses |
4 | 6 | 5 | 5 |
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Tier-2 Licenses |
0 | 3 | 0 | 0 |
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Tier-3 Licenses |
1 | 0 | 0 | 0 |
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Authorised in the European Union |
Yes | Yes | Yes | Yes |
Tier-1 Licenses
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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ASIC Authorised (Australia) |
No | Yes | No | No |
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IIROC Authorised (Canada) |
Yes | No | No | Yes |
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SFC Authorised (Hong Kong) |
No | No | Yes | Yes |
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FSA Authorised (Japan) |
Yes | Yes | No | Yes |
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MAS Authorised (Singapore) |
No | Yes | Yes | No |
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FINMA Authorised (Switzerland) |
No | Yes | No | Yes |
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FCA Authorised (UK) |
Yes | Yes | Yes | Yes |
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CFTC Registered (USA) |
Yes | Yes | Yes | Yes |
Investments
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Forex: Spot Trading |
Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | Yes | No |
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Currency Pairs (Total Forex pairs) |
91 | 93 | 75 | 105 |
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CFDs - Total Offered |
4500 | 17535 | 0 | 7400 |
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Cryptocurrency traded as actual |
No | No | No | No |
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Cryptocurrency traded as CFD |
Yes | Yes | No | Yes |
| Offering of Investments | ||||
| Winner | check_circle |
Cost
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Average Spread EUR/USD - Standard |
1 (as of Q3 19) | 0.7 (as of May 19) | 1.065 pips (Sep 2019) | N/A |
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All-in Cost EUR/USD - Active |
0.7 (as of Q3 18) | 0.363 (as of Mar 16) | 1.065 pips (Sep 2019) | N/A |
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Active Trader or VIP Discounts |
Yes | Yes | Yes | Yes |
| Commissions & Fees | ||||
| Winner | check_circle |
Funding
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Minimum Initial Deposit |
$50.00 | £250.00 | $0.00 | $0 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes | Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes | No | No |
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PayPal (Deposit/Withdraw) |
Yes | Yes | No | No |
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Skrill (Deposit/Withdraw) |
No | No | No | No |
Trading Platforms
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
|
Proprietary Platform |
Yes | Yes | Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes | Yes | Yes |
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Web Platform |
Yes | Yes | Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes | Yes | No |
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MetaTrader 4 (MT4) |
Yes | Yes | No | No |
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MetaTrader 5 (MT5) |
Yes | No | No | No |
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cTrader |
No | No | No | No |
Trading Tools
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Virtual Trading (Demo) |
Yes | Yes | Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes |
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Watchlists - Total Fields |
18 | 14 | 548 | 494 |
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Charting - Indicators / Studies (Total) |
139 | 28 | 382 | 121 |
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Charting - Drawing Tools (Total) |
25 | 19 | 20 | 9 |
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Charting - Trade From Chart |
Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
Yes | No | Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes | Yes | Yes |
| Platform & Tools | ||||
| Winner | check_circle |
Mobile Trading
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Android App |
Yes | Yes | Yes | Yes |
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Apple iOS App |
Yes | Yes | Yes | Yes |
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Trading - Forex |
Yes | Yes | Yes | Yes |
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Trading - CFDs |
Yes | Yes | No | Yes |
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Alerts - Basic Fields |
Yes | Yes | Yes | Yes |
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Watch List |
Yes | Yes | Yes | Yes |
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Watch List Syncing |
Yes | Yes | Yes | Yes |
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Charting - Indicators / Studies |
7 | 28 | 397 | 70 |
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Charting - Draw Trend Lines |
Yes | Yes | No | No |
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Charting - Trend Lines Moveable |
Yes | Yes | No | No |
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Charting - Multiple Time Frames |
Yes | Yes | Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes | Yes | Yes |
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Forex Calendar |
Yes | Yes | Yes | No |
| Mobile Trading | ||||
| Winner | check_circle |
Research
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Daily Market Commentary |
Yes | Yes | Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes | Yes | Yes |
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Weekly Webinars |
Yes | Yes | No | No |
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AutoChartist |
Yes | Yes | No | No |
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Trading Central (Recognia) |
Yes | No | No | Yes |
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Delkos Research |
Yes | No | No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes | No | No |
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Economic Calendar |
Yes | Yes | Yes | Yes |
| Research | ||||
| Winner | check_circle |
Education
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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Has Education - Forex |
Yes | Yes | Yes | Yes |
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Has Education - CFDs |
No | Yes | No | Yes |
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Client Webinars |
Yes | Yes | Yes | Yes |
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Client Webinars (Archived) |
No | Yes | No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes | Yes | No |
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Videos - Advanced Trading Videos |
Yes | Yes | No | Yes |
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Investor Dictionary (Glossary) |
Yes | Yes | Yes | Yes |
| Education | ||||
| Winner | check_circle |
Major Forex Pairs
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
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GBP/USD |
Yes | Yes | Yes | Yes |
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USD/JPY |
Yes | Yes | Yes | Yes |
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EUR/USD |
Yes | Yes | Yes | Yes |
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USD/CHF |
Yes | Yes | Yes | Yes |
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USD/CAD |
Yes | Yes | Yes | Yes |
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NZD/USD |
Yes | Yes | Yes | Yes |
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AUD/USD |
Yes | Yes | Yes | Yes |
Overall
| Feature | FOREX.com | IG | TD Ameritrade Forex | Interactive Brokers |
| FOREX.com Review | IG Review | TD Ameritrade Forex Review | Interactive Brokers Review | |
| Overall | ||||
| Winner | check_circle |
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 web site as of 02/18/2019 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.
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.
