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Online Brokerage Comparison Tool

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Written by ForexBrokers.com

Published July 15, 2022
Last modified August 25, 2022

The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. Please note: to best support your experience, providers are displayed based on your geo location.

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Overall Rating expand_moreexpand_less IG CMC Markets FOREX.com HFM
Overall Rating starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border
Offering of Investments starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar_border
Platform & Tools starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border
Research starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border
Education starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border
Trust Score 99 99 99 85
Winner check_circle
Review IG Review CMC Markets Review FOREX.com Review HFM Review
Regulation expand_moreexpand_less IG CMC Markets FOREX.com HFM
Trust Score 99 99 99 85
Year Founded 1974 1989 1999 2010
Publicly Traded (Listed) Yes Yes Yes No
Bank Yes No No No
Tier-1 Licenses 7 5 4 1
Tier-2 Licenses 2 1 2 3
Tier-3 Licenses 1 0 1 1
Authorised in European Union Yes Yes Yes Yes
Tier-1 Licenses (High Trust) expand_moreexpand_less IG CMC Markets FOREX.com HFM
ASIC Authorised (Australia) Yes Yes No No
IIROC Authorised (Canada) No Yes Yes No
SFC Authorised (Hong Kong) No No No No
CBI Authorised (Ireland) No No No No
FSA Authorised (Japan) Yes No Yes No
MAS Authorised (Singapore) Yes Yes No No
FINMA Authorised (Switzerland) Yes No No No
FCA Authorised (U.K.) Yes Yes Yes Yes
CFTC Registered (USA) Yes No Yes No
FMA Authorised (New Zealand) Yes Yes No No
Tier-2 Licenses (Average Trust) expand_moreexpand_less IG CMC Markets FOREX.com HFM
CBRC Authorised (China) No No No No
CySEC Authorised (Cyprus) No No Yes Yes
NSE Authorised (India) No No No No
ISA Authorised (Israel) No No No No
CBR Authorised (Russia) No No No No
FSCA Authorised (South Africa) Yes No No Yes
SEC Authorised (Thailand) No No No No
DFSA / Central Bank Authorised (UAE) Yes Yes Yes Yes
Tier-3 Licenses (Low Trust) expand_moreexpand_less IG CMC Markets FOREX.com HFM
SCB Authorised (Bahamas) No No No No
IFSC Authorised (Belize) No No No No
CIMA Authorised (Cayman Islands) No No Yes No
BMA Authorised (Bermuda) Yes No No No
FSC Authorised (British Virgin Islands) No No No No
FSC Authorised (Mauritius) No No No Yes
VFSC Authorised (Vanuatu) No No No No
Investments expand_moreexpand_less IG CMC Markets FOREX.com HFM
Forex Trading Yes Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes Yes
Tradeable Symbols (Total) 19537 11927 5500 1066
Forex Pairs (Total) 100 158 91 47
U.S. Stock Trading (Non CFD) Yes No No No
Int'l Stock Trading (Non CFD) Yes Yes No No
Social Trading / Copy Trading Yes Yes No Yes
Cryptocurrency (Physical) No No No No
Cryptocurrency (CFD) Yes Yes Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost expand_moreexpand_less IG CMC Markets FOREX.com HFM
Average Spread EUR/USD - Standard 0.828 (September 2021) 0.73 (August 2021) 1.1 (US August 2021) 1.2 (August 2021)
All-in Cost EUR/USD - Active 0.365 (May 2020) N/A 1.1 (US August 2021) 0.9 (August 2021)
Active Trader or VIP Discounts Yes Yes Yes No
Execution: Agency Broker Yes No No No
Execution: Market Maker Yes Yes Yes No
Funding expand_moreexpand_less IG CMC Markets FOREX.com HFM
Minimum Initial Deposit £250.00 $0 $100 $5
Bank Wire (Deposit/Withdraw) Yes Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes Yes
PayPal (Deposit/Withdraw) Yes Yes Yes No
Skrill (Deposit/Withdraw) No No No Yes
Trading Platforms expand_moreexpand_less IG CMC Markets FOREX.com HFM
Proprietary Platform Yes Yes Yes No
Desktop Platform (Windows) Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes
Social Trading / Copy Trading Yes Yes No Yes
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) No No Yes Yes
cTrader No No No No
DupliTrade No No No No
ZuluTrade No No No No
Trading Tools expand_moreexpand_less IG CMC Markets FOREX.com HFM
Virtual Trading (Demo) Yes Yes Yes Yes
Alerts - Basic Fields Yes Yes Yes Yes
Watchlists - Total Fields 14 9 18 7
Charting - Indicators / Studies (Total) 32 86 139 15
Charting - Drawing Tools (Total) 20 40 25 30
Charting - Trade From Chart Yes Yes Yes Yes
Charts can be saved Yes Yes Yes Yes
Mobile Trading expand_moreexpand_less IG CMC Markets FOREX.com HFM
Android App Yes Yes Yes Yes
Apple iOS App Yes Yes Yes Yes
Mobile Alerts - Basic Fields Yes Yes Yes Yes
Mobile Watchlist Yes Yes Yes Yes
Watchlist Syncing Yes Yes Yes No
Mobile Charting - Indicators / Studies 32 29 88 30
Mobile Charting - Draw Trendlines Yes Yes Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes Yes Yes
Mobile Charting - Drawings Autosave Yes Yes Yes Yes
Forex Calendar Yes Yes Yes Yes
Research expand_moreexpand_less IG CMC Markets FOREX.com HFM
Daily Market Commentary Yes Yes Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes Yes
Autochartist Yes Yes No Yes
Trading Central (Recognia) No Yes Yes No
Social Sentiment - Currency Pairs Yes Yes Yes Yes
Economic Calendar Yes Yes Yes Yes
Education expand_moreexpand_less IG CMC Markets FOREX.com HFM
Has Education - Forex or CFDs Yes Yes Yes Yes
Client Webinars Yes Yes Yes Yes
Client Webinars (Archived) Yes Yes No Yes
Videos - Beginner Trading Videos Yes Yes Yes Yes
Videos - Advanced Trading Videos Yes Yes No Yes
Investor Dictionary (Glossary) Yes Yes Yes No
Major Forex Pairs expand_moreexpand_less IG CMC Markets FOREX.com HFM
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
Review IG Review CMC Markets Review FOREX.com Review HFM Review
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