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ForexBrokers.com | February 27th, 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 FOREX.com TD Ameritrade Interactive Brokers
Overall 5 4.5 4.5 4.5
Commissions & Fees 5 3.5 3.5 4.5
Offering of Investments 5 5 4.5 5
Platforms & Tools 5 4.5 4.5 4.5
Mobile Trading 5 4.5 4.5 4
Research 5 4 4.5 4.5
Education 5 4 4 4
Trust Score 99 93 98 94
IG Review FOREX.com Review TD Ameritrade Review Interactive Brokers Review
Winner check_circle
75% of retail CFD accounts lose money 79% of retail CFD accounts lose money N/A of retail CFD accounts lose money 66% of retail CFD accounts lose money

Regulation

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Trust Score 99 93 98 94
Year Founded
1974 1999 1955 1977
Publicly Traded (Listed)
Yes Yes Yes Yes
Bank
Yes No Yes No
Tier-1 Licenses
6 4 5 6
Tier-2 Licenses
3 0 0 0
Tier-3 Licenses
1 1 0 0
Authorised in the European Union
Yes Yes Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Forex Trading
Yes Yes Yes Yes
CFDs (Total)
19537 4500 0 7400
Forex Pairs (Total)
104 91 73 105
Cryptocurrency (Physical)
No No No No
Cryptocurrency (CFD)
Yes Yes No No
Social Trading / Copy-Trading
Yes No Yes No

Cost

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Average Spread EUR/USD - Standard
0.745 (August 2020) 1.4 (UK August 2020) 1.065 pips (Sep 2019) N/A
All-in Cost EUR/USD - Active
0.365 (May 2020) 1.5 (August 2020) 1.065 pips (Sep 2019) N/A
Active Trader or VIP Discounts
Yes Yes Yes Yes

Funding

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Minimum Initial Deposit
£250.00 $100.00 $0.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes No No
PayPal (Deposit/Withdraw)
Yes Yes No No
Skrill (Deposit/Withdraw)
No No No No

Trading Platforms

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Proprietary Platform
Yes Yes Yes Yes
Desktop Platform (Windows)
Yes Yes Yes Yes
Web Platform
Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes No Yes No
MetaTrader 4 (MT4)
Yes Yes No No
MetaTrader 5 (MT5)
No Yes No No
cTrader
No No No No
DupliTrade
No No No No
ZuluTrade
No No No No

Trading Tools

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Virtual Trading (Demo)
Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes
Watchlists - Total Fields
14 18 548 494
Charting - Indicators / Studies (Total)
30 139 382 121
Charting - Drawing Tools (Total)
20 25 20 9
Charting - Trade From Chart
Yes Yes Yes Yes
Charting - Drawings Autosave
No Yes Yes Yes
Order Type - Trailing Stop
Yes Yes Yes Yes

Mobile Trading

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Android App
Yes Yes Yes Yes
Apple iOS App
Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes
Watch List
Yes Yes Yes Yes
Watch List Syncing
Yes Yes Yes Yes
Charting - Indicators / Studies
30 88 348 70
Charting - Draw Trendlines
Yes Yes Yes No
Charting - Trendlines Moveable
Yes Yes No No
Charting - Multiple Time Frames
Yes Yes Yes Yes
Charting - Drawings Autosave
Yes Yes Yes Yes
Forex Calendar
Yes Yes Yes Yes

Research

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Daily Market Commentary
Yes Yes Yes Yes
Forex News (Top-Tier Sources)
Yes Yes Yes Yes
Weekly Webinars
Yes Yes No No
AutoChartist
Yes No No No
Trading Central (Recognia)
No Yes No Yes
Delkos Research
No No No No
Social Sentiment - Currency Pairs
Yes Yes No Yes
Economic Calendar
Yes Yes Yes Yes

Education

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Has Education - Forex
Yes Yes Yes Yes
Has Education - CFDs
Yes No No Yes
Client Webinars
Yes Yes Yes Yes
Client Webinars (Archived)
Yes No Yes Yes
Videos - Beginner Trading Videos
Yes Yes Yes No
Videos - Advanced Trading Videos
Yes Yes Yes Yes
Investor Dictionary (Glossary)
Yes Yes Yes Yes

Major Forex Pairs

Feature IG FOREX.com TD Ameritrade Interactive Brokers
GBP/USD
Yes Yes Yes Yes
USD/JPY
Yes Yes Yes Yes
EUR/USD
Yes Yes Yes Yes
USD/CHF
Yes Yes Yes Yes
USD/CAD
Yes Yes Yes Yes
NZD/USD
Yes Yes Yes Yes
AUD/USD
Yes Yes Yes Yes

Overall

Feature IG FOREX.com TD Ameritrade Interactive Brokers
Overall 5 4.5 4.5 4.5
Commissions & Fees 5 3.5 3.5 4.5
Offering of Investments 5 5 4.5 5
Platforms & Tools 5 4.5 4.5 4.5
Mobile Trading 5 4.5 4.5 4
Research 5 4 4.5 4.5
Education 5 4 4 4
Trust Score 99 93 98 94
IG Review FOREX.com Review TD Ameritrade Review Interactive Brokers 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 - 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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