Compare Forex Brokers (2024)

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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. To best support your experience, providers are displayed based on your geo location. Please note: Product offerings may vary depending on your country of residence.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. 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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  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFlowBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxGKFX
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxRoboForex (RoboMarkets)
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrade360
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVestle
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade
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Overall Rating IGCMC MarketsFOREX.comPlus500
Overall RatinginfoCompare Forex Brokers (5) Compare Forex Brokers (6) Compare Forex Brokers (7)
Commissions & FeesCompare Forex Brokers (8) Compare Forex Brokers (9) Compare Forex Brokers (10)
Offering of InvestmentsCompare Forex Brokers (11) Compare Forex Brokers (12) Compare Forex Brokers (13)
Platform & ToolsCompare Forex Brokers (14) Compare Forex Brokers (15) Compare Forex Brokers (16)
Mobile TradingCompare Forex Brokers (17) Compare Forex Brokers (18) Compare Forex Brokers (19)
ResearchCompare Forex Brokers (20) Compare Forex Brokers (21) Compare Forex Brokers (22)
EducationCompare Forex Brokers (23) Compare Forex Brokers (24) Compare Forex Brokers (25)
Trust Scoreinfo99 99 99
Winnercheck_circle
ReviewIG Review CMC Markets Review FOREX.com Review
Broker Screenshots IGCMC MarketsFOREX.comPlus500
Trading Platforms Gallery (click to expand)info

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Compare Forex Brokers (53)

Mobile Trading Gallery (click to expand)info

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Research Gallery (click to expand)info

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Education Gallery (click to expand)info

Compare Forex Brokers (107)

Compare Forex Brokers (122)

Regulation IGCMC MarketsFOREX.comPlus500
Trust Scoreinfo99 99 99
Year Foundedinfo1974 1989 1999
Publicly Traded (Listed)infoYes Yes Yes
BankinfoYes No No
Regulated in one or more EU or EEA countries (MiFID).infoYes info Yes info Yes info
Tier-1 Licensesinfo8 5 7
Tier-2 Licensesinfo2 1 1
Tier-3 Licensesinfo0 0 0
Tier-4 Licensesinfo1 0 1
Tier-1 Licenses (Highly Trusted) IGCMC MarketsFOREX.comPlus500
Australia (ASIC Authorised)infoYes Yes Yes
Canada (CIRO Authorised)infoNo Yes Yes
Hong Kong (SFC Authorised)infoNo No No
Japan (SFC Authorised)infoYes No Yes
Singapore (MAS Authorised)infoYes Yes Yes
Switzerland (FINMA Authorised)infoNo No No
United Kingdom (U.K.) (FCA Authorised)infoYes Yes Yes
USA (CFTC Authorized)infoYes No Yes
New Zealand (FMA Authorised)infoYes Yes No
Regulated in one or more EU or EEA countries (MiFID).infoYes info Yes info Yes info
Tier-2 Licenses (Trusted) IGCMC MarketsFOREX.comPlus500
Kenya (CMA Authorised)infoNo No No
Israel (ISA Authorised)infoNo No No
South Africa (FSCA Authorised)infoYes No No
UAE (DFSA/Central Bank Authorised)infoYes Yes Yes
India (SEBI Authorised)infoNo No No
Jordan (JSC Authorised)infoNo No No
Investments IGCMC MarketsFOREX.comPlus500
Forex Trading (Spot or CFDs)infoYes Yes Yes
Tradeable Symbols (Total)info19537 12074 5500
Forex Pairs (Total)info97 156 91
U.S. Stock Trading (Non CFD)infoYes Yes No
Int'l Stock Trading (Non CFD)infoYes Yes No
Social Trading / Copy TradinginfoNo Yes No
Cryptocurrency (Physical)infoNo No No
Cryptocurrency (Derivative)infoYes Yes Yes
DisclaimersNote: 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 IGCMC MarketsFOREX.comPlus500
Average Spread EUR/USD - Standardinfo0.98 info 0.61 info 1.4 info
All-in Cost EUR/USD - Activeinfo0.82 info 0.51 info 1.0 info
Active Trader or VIP DiscountsinfoYes Yes Yes
Inactivity FeeinfoYes Yes Yes
Execution: Agency BrokerinfoYes No No
Execution: Market MakerinfoYes Yes Yes
Funding IGCMC MarketsFOREX.comPlus500
Minimum Depositinfo£250.00 $0 $100
PayPal (Deposit/Withdraw)infoYes Yes Yes
Skrill (Deposit/Withdraw)infoNo No No
Visa/Mastercard (Credit/Debit)infoYes Yes Yes
Bank Wire (Deposit/Withdraw)infoYes Yes Yes
Trading Platforms IGCMC MarketsFOREX.comPlus500
Proprietary PlatforminfoYes Yes Yes
Desktop Platform (Windows)infoYes Yes Yes
Web PlatforminfoYes Yes Yes
Social Trading / Copy TradinginfoNo Yes No
MetaTrader 4 (MT4)infoYes Yes Yes
MetaTrader 5 (MT5)infoNo No Yes
cTraderinfoNo No No
DupliTradeinfoNo No No
ZuluTradeinfoNo No No
Trading Tools IGCMC MarketsFOREX.comPlus500
Virtual Trading (Demo)infoYes Yes Yes
Alerts - Basic FieldsinfoYes Yes Yes
Watchlists - Total Fieldsinfo5 11 20
Charting - Indicators / Studies (Total)info33 79 88
Charting - Drawing Tools (Total)info20 40 239
Charting - Trade From ChartinfoYes Yes Yes
Charts can be savedinfoYes Yes Yes
Mobile Trading IGCMC MarketsFOREX.comPlus500
Android AppinfoYes info Yes Yes
Apple iOS AppinfoYes Yes Yes
Mobile Alerts - Basic FieldsinfoYes Yes Yes
Mobile WatchlistinfoYes Yes Yes
Watchlist SyncinginfoYes Yes Yes
Mobile Charting - Indicators / Studiesinfo33 29 88
Mobile Charting - Draw TrendlinesinfoYes Yes Yes
Mobile Charting - Multiple Time FramesinfoYes Yes Yes
Mobile Charting - Drawings AutosaveinfoYes Yes Yes
Mobile Economic CalendarinfoYes Yes Yes
Research IGCMC MarketsFOREX.comPlus500
Daily Market CommentaryinfoYes Yes Yes
Forex News (Top-Tier Sources)infoYes Yes Yes
AutochartistinfoYes Yes No
Trading Central (Recognia)infoNo Yes Yes
TipRanksinfoYes No No
Social Sentiment - Currency PairsinfoYes Yes Yes
Economic CalendarinfoYes Yes Yes
Education IGCMC MarketsFOREX.comPlus500
Education (Forex or CFDs)infoYes Yes Yes
Client WebinarsinfoYes Yes Yes
Client Webinars (Archived)infoYes Yes Yes
Videos - Beginner Trading VideosinfoYes Yes Yes
Videos - Advanced Trading VideosinfoYes Yes No
Investor Dictionary (Glossary)infoYes Yes Yes
Major Forex Pairs IGCMC MarketsFOREX.comPlus500
GBP/USDinfoYes Yes Yes
USD/JPYinfoYes Yes Yes
EUR/USDinfoYes Yes Yes
USD/CHFinfoYes Yes Yes
USD/CADinfoYes Yes Yes
NZD/USDinfoYes Yes Yes
AUD/USDinfoYes Yes Yes
ReviewIG Review CMC Markets Review FOREX.com Review
Overall IGCMC MarketsFOREX.comPlus500
Overall RatinginfoCompare Forex Brokers (130) Compare Forex Brokers (131) Compare Forex Brokers (132)
Commissions & FeesCompare Forex Brokers (133) Compare Forex Brokers (134) Compare Forex Brokers (135)
Offering of InvestmentsCompare Forex Brokers (136) Compare Forex Brokers (137) Compare Forex Brokers (138)
Platform & ToolsCompare Forex Brokers (139) Compare Forex Brokers (140) Compare Forex Brokers (141)
Mobile TradingCompare Forex Brokers (142) Compare Forex Brokers (143) Compare Forex Brokers (144)
ResearchCompare Forex Brokers (145) Compare Forex Brokers (146) Compare Forex Brokers (147)
EducationCompare Forex Brokers (148) Compare Forex Brokers (149) Compare Forex Brokers (150)
Trust Scoreinfo99 99 99
Winnercheck_circle
ReviewIG Review CMC Markets Review FOREX.com Review

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Compare Forex Brokers (2024)

FAQs

What is the best broker to use for Forex? ›

  • OANDA - Best US forex broker overall. ...
  • Forex.com - lowest spread forex broker. ...
  • IG - best forex broker for beginner traders. ...
  • Interactive Brokers - best broker commission rates. ...
  • TD Ameritrade - best U.S.-based customer support. ...
  • eToro - best social and copy trading platform. ...
  • Trading.com - good selection of currency pairs.
Dec 19, 2023

How do I choose a legit Forex broker? ›

In this article, we look at five things to consider when choosing the broker that is right for you.
  1. Regulatory Compliance. The first thing to check when selecting a forex broker is their reputation. ...
  2. Account Features. ...
  3. Currency Pairs Offered. ...
  4. Customer Service. ...
  5. Trading Platform.

What is the number one mistake Forex traders make? ›

Trading without a Plan

Successful, experienced traders have a well-defined strategy, and they know when they should enter and exit trades. They also have plans about how much they're willing to risk. Trading without a plan is one of the biggest mistakes made by new traders.

What is the best analysis for Forex? ›

The most popular types of forex analysis are:
  • Technical analysis.
  • Fundamental analysis.
  • Sentiment analysis.

What is the most trusted broker? ›

Best Forex Brokers for 2024
  • IG - Best overall broker, most trusted.
  • Interactive Brokers - Great overall, best for professionals.
  • Saxo - Best web-based trading platform.
  • CMC Markets - Excellent overall, best platform technology.
  • FOREX.com - Excellent all-round offering.
  • Charles Schwab - Award-winning thinkorswim platform.

What broker should I use as a beginner forex trader? ›

Overview of the best forex brokers for beginners
BrokerFX commission per lot
Forex.comNo commission is charged
eToroNo commission is charged
Interactive BrokersTrade value less than $1 billion: 0.2 bps * trade value; min. $2
IGNo commission is charged
6 more rows
Jul 16, 2024

What is the most accurate broker? ›

Summary of the best brokers:
  • Fidelity Investments.
  • Interactive Brokers.
  • Webull.
  • Robinhood.
  • Charles Schwab.
  • E*TRADE.
  • J.P. Morgan Self-Directed Investing.
  • Public.
Jul 29, 2024

How do I know if a forex broker is legit? ›

How Do I Know If a Forex Broker Is Legit? You can ask the broker for their Retail Foreign Exchange Dealer (RFED) number. 10 You can also check with the National Futures Association or the Commodity Futures Trading Commission.

How do I find a legit forex broker? ›

You can check the broker's testimonials and reviews to determine if their services are reputable or not. You may also want to check if their reviews are honest or not. In addition to this, it's also wise that you check if the broker you've chosen is regulated or not.

What is the most manipulated forex pair? ›

The EURUSD is the most heavily traded currency pair in all of spot Forex.

What is the biggest forex scandal? ›

The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain.

Has anyone made millions from forex? ›

One of the most famous examples of a Forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

What is the most powerful forex indicator? ›

Top 10 forex indicators for FX traders
  • Average true range (ATR)
  • Moving average convergence/divergence (MACD)
  • Fibonacci retracements.
  • Relative strength index (RSI)
  • Pivot point.
  • Stochastic.
  • Parabolic SAR.
  • Ichimoku Cloud.

What is the most reliable forex strategy? ›

Profit Parabolic” trading strategy based on a Moving Average. The strategy is referred to as a universal one, and it is often recommended as the best Forex strategy for consistent profits. It employs the standard MT4 indicators, EMAs (exponential moving averages), and Parabolic SAR that serves as a confirmation tool.

What is the most profitable indicator in forex trading? ›

Here are four different market indicators that most successful forex traders rely upon.
  • Indicator No. 1: A Trend-Following Tool.
  • Indicator No. 2: A Trend-Confirmation Tool.
  • Indicator No. 3: An Overbought/Oversold Tool.
  • Indicator No. 4: A Profit-Taking Tool.
  • The Bottom Line.

Which broker has the best spread forex? ›

Intro and winners
  • IG - Best lowest EUR/USD spread forex broker in 2024. ...
  • Forex.com - Excellent selection of currency pairs. ...
  • Charles Schwab - Free stock and ETF trading. ...
  • Oanda - Great trading platforms. ...
  • eToro - Free stock and ETF trading. ...
  • Interactive Brokers - Extremely low fees.
Jul 16, 2024

What do professional forex traders use? ›

A professional Forex chart technician uses price charts to analyze and trade the market. By trading with an EDGE in the market, professional traders can put the odds in their favor to successfully trade price movement from point A to point B.

Which market is best for forex trading? ›

The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities. The Sydney/Tokyo markets overlap (2 a.m. to 4 a.m.) is not as volatile as the U.S./London overlap, but it still offers opportunities.

What app do most forex traders use? ›

FP Markets – Best Forex Trading App

The feature-packed trading app is available on all iOS and Android devices. Use the FP Markets Trading App to CFDs across shares, indices, commodities, futures, cryptocurrencies, and 60+ currency pairs.

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