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ForexBrokers.com | October 27th, 2019

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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 FOREX.com IG TD Ameritrade Forex Interactive Brokers
Overall 4 4.5 4.5 4
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
Year Founded
1999 1974 1955 1977
Publicly Traded (Listed)
Yes Yes Yes Yes
Bank
No Yes Yes No
Tier-1 Licenses
4 6 5 5
Tier-2 Licenses
0 3 0 0
Tier-3 Licenses
1 0 0 0
Authorised in the European Union
Yes Yes Yes Yes

Tier-1 Licenses

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

Investments

Feature FOREX.com IG TD Ameritrade Forex Interactive Brokers
Forex: Spot Trading
Yes Yes Yes Yes
Social Trading / Copy-Trading
Yes Yes Yes No
Currency Pairs (Total Forex pairs)
91 93 75 105
CFDs - Total Offered
4500 17535 0 7400
Cryptocurrency traded as actual
No No No No
Cryptocurrency traded as CFD
Yes Yes No Yes
Offering of Investments 4 4.5 4 4.5
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Cost

Feature FOREX.com IG TD Ameritrade Forex Interactive Brokers
Average Spread EUR/USD - Standard
1 (as of Q3 19) 0.7 (as of May 19) 1.065 pips (Sep 2019) N/A
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
Active Trader or VIP Discounts
Yes Yes Yes Yes
Commissions & Fees 4.5 4.5 4 4
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Funding

Feature FOREX.com IG TD Ameritrade Forex Interactive Brokers
Minimum Initial Deposit
$50.00 £250.00 $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 FOREX.com IG TD Ameritrade Forex 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 Yes Yes No
MetaTrader 4 (MT4)
Yes Yes No No
MetaTrader 5 (MT5)
Yes No No No
cTrader
No No No No

Trading Tools

Feature FOREX.com IG TD Ameritrade Forex Interactive Brokers
Virtual Trading (Demo)
Yes Yes Yes Yes
Alerts - Basic Fields
Yes Yes Yes Yes
Watchlists - Total Fields
18 14 548 494
Charting - Indicators / Studies (Total)
139 28 382 121
Charting - Drawing Tools (Total)
25 19 20 9
Charting - Trade From Chart
Yes Yes Yes Yes
Charting - Drawings Autosave
Yes No Yes Yes
Order Type - Trailing Stop
Yes Yes Yes Yes
Platform & Tools 4 4.5 4.5 4
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Mobile Trading

Feature FOREX.com IG TD Ameritrade Forex Interactive Brokers
Android App
Yes Yes Yes Yes
Apple iOS App
Yes Yes Yes Yes
Trading - Forex
Yes Yes Yes Yes
Trading - CFDs
Yes Yes No Yes
Alerts - Basic Fields
Yes Yes Yes Yes
Watch List
Yes Yes Yes Yes
Watch List Syncing
Yes Yes Yes Yes
Charting - Indicators / Studies
7 28 397 70
Charting - Draw Trend Lines
Yes Yes No No
Charting - Trend Lines 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 No
Mobile Trading 4 4 4 4
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Research

Feature FOREX.com IG TD Ameritrade Forex 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 Yes No No
Trading Central (Recognia)
Yes No No Yes
Delkos Research
Yes No No No
Social Sentiment - Currency Pairs
Yes Yes No No
Economic Calendar
Yes Yes Yes Yes
Research 4.5 4.5 4.5 3.5
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Education

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

Feature FOREX.com IG TD Ameritrade Forex 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 FOREX.com IG TD Ameritrade Forex Interactive Brokers
FOREX.com Review IG Review TD Ameritrade Forex Review Interactive Brokers Review
Overall 4 4.5 4.5 4
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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.

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