Forex and CFD broker comparison Table

(Last updated on 27 August 2014)


 

Click on the column titles to list the brokers according to a particular category.

FOREX BROKER Forex BrokerYear Launched CountryRegulated by Free Demo Other Languages ECN/STPIslamic AccountsContests
AvaTrade2006IrelandMiFID, ASIC, CBFSAI oYes21 DaysoYesnNo oYesYes 
Dukascopy EU1999LatviaMiFID, FCMC oYes14 DaysoYesoYes oYesYes oYesYes
ETX Capital2002UKMiFID, FCA oYes14 DaysoYesnNo  
FBS2009BelizeIFSC, CRFIN oYesUnlimitedoYesoYesoYesoYes
Forex4You2007British Virgin IslandsFSC BVI  oYesUnlimitedoYesoYesoYes 
FxOpen2005New ZealandFSPR, FCA, ASIC oYes14 DaysoYesoYes oYesYes 
IfcMarkets 2006 UK-V.Isl / Cyprus FSC BVI, FSC-nz  oYesUnlimitedoYesoYesYes 
Exness 2009 Cyprus/Russia CySEC/CRFIN (Russia)  oYesUnlimited Yes Yes Yes YesYes
Gulliver FX2012UKFCA  oYes UnlimitedoYesnNo  
HotForex2010Cyprus /
Republic of Mauritius
MiFID, CySEC, FSC oYesUnlimitedoYesoYesoYes oYesYes
InstaForex2007RussiaFFMS  oYesUnlimitedoYesnNooYes oYesYes
Iron FX2010CyprusMiFID, CySEC, FCA oYes UnlimitedoYesoYesoYes oYesYes
LiteForex2005Seychelles IslandsIBAS oYesUnlimitedoYesoYes  oYesYes
Traders-trust 2009Cyprus CySEC oYesUnlimitedoYesnNooYes 
Markets.com2009CyprusMiFID, CySEC, FCA oYes30 DaysoYesnNooYes 
OctaFx2011St. Vincent and the GrenadinesnNo oYesUnlimitedoYesoYes  oYesYes
Pepperstone2010AustraliaASIC oYes30 DaysnNooYes  
Plus500 2009UK
Authorised and regulated by the Financial Conduct Authority
 oYesUnlimitedoYesnNo  
Vantage FX2010AustraliaFCA, ASIC oYes 30 DaysoYesoYes  
XM2009CyprusMiFID, CySEC, FCA, ASIC, FSP oYesUnlimitedoYesnNooYes 

 

>> Yes
Forex BrokerTrading platformMobile tradingMin. Lot Max. Lev. Scalping HedgingRolloverOCOTrailing Stop
AvaTrade MetaTrader 4
  ActTrader
oYes  1000400:1oNooYesoYesoYes oYesYes
Dukascopy EU SWFX / JForexoYes  1000200:1oYesoYesoYes oYes oYesYes
ETX Capital MetaTrader 4
  ETX Capital
oYes  1000200:1nNonNooYesoYes oYesYes
FBS MetaTrader 4
oYes  10001000:1oYesoYesoYesnNo oYesYes
Forex4You MetaTrader 4oYes  10500:1oYesoYesoYesoNo oYesYes
FxOpen MetaTrader 4oYes  100500:1oYesoYesnNonNo oYesYes
IfcMarkets  MetaTrader 4
 NetTradeX
oYes  100 400:1oYesoYesoYesnNo oYesYes
Exness MetaTrader 4
  MetaTrader5
Yes 1000 2000:1 Yes Yes Yes No YesYes
Gulliver FX  MetaTrader 4
  WebTrader
oYes  10000100:1oYesoYesoYesnNo oYes Yes
HotForex MT4, CurrenexoYes  10001000:1oYesoYesoYesnNo oYesYes
InstaForex MetaTrader 4oYes  1001000:1oYesoYesoYesnNo o Yes Yes
Iron FX MetaTrader 4oYes  1000500:1oYesoYesoYesnNo oYesYes
LiteForex MetaTrader 4oYes  1001000:1oYesoYesoYesnNo oYesYes
Traders-Trust MetaTrader 4
 
oYes   1000500:1oYesoYesoYesnNo o Yes
Markets.com MetaTrader 4
  Sirix WebTrader
oYes  5000200:1oNooYesoYesoYes oYesYes
OctaFX MetaTrader 4
oYes  1000500:1oYesoYesoYesnNo oYesYes
Pepperstone  MetaTrader 4
  cTrader
oYes  1000400:1oYesoYesoYesnNo oYesYes
Plus500  Plus500oYes  2500200:1nNooYesoYesnNo oYes Yes
Vantage FX  MetaTrader 4oYes  1000500:1oYesoYesoYesnNo oYes Yes
XM MetaTrader 4oYes  5000888:1oYesoYesoYesnNo oYesYes

 

NameSocial Trading Social PAMM ZuluTradeTradency CurrenseeAutochartistTrading Central Free VPS
AvaTrade   oouiYesoouiooui oui 
Dukascopy EU        
ETX Capital ooui   ooui  
FBS        
Forex4YouoouiShare4Youooui     oouiYes 
FxOpen oouioouiooui    
IfcMarketsoouiPortfolio Trading    oouiooui 
Exness                
Gulliver FX oouiooui   ooui ooui Yes
HotForex ooui    ooui oouiYes
InstaForex ooui      
Iron FXoouiMyfxbook, Sirix       oouiYes
LiteForexoouiSirixooui      
Traders-Trust        
Markets.comoouiSirix  oouioouioouiooui 
OctaFX        
PepperstoneoouiMyfxbook       
Plus500        
Vantage FXooui FX Copyooui   ooui ooui
XM   ooui    oouiYes

 

Note: Although deposit minimums listed below are listed in US dollars or in euros, these brokerage firms usually welcome traders from any country, no matter what your national currency is. Use the Forex-Central.net currency converter to calculate these minimums in your currency.
Forex BrokerMin. Deposit BankBonusBT*CC*CH*PP*MB*WB*CU*WU*AP*EG*NT*MG*
AvaTrade 100€/$/£Commerzbank
Germany
oYesYesoYesoYes oYesoYesoYes oYes  oYesoYes
Dukascopy EU100€/$/£Dukascopy Bank
SA- Suisse
 oYesoYes          
ETX Capital200€/$/£  oYesoYesoYes         
FBS $1BaltikumsoYesoYesoYes  oYesoYesoYesoYes  oYesoYes
Forex4You 1€/$/£OCBC Bank, BES, PPF Banka, ABLVoYesoYesoYes  oYesoYes    oYes 
FxOpen1€/$/£Baltikums
Latvia
oYesoYes    oYes  oYesoYesoYes 
IfcMarkets 1$/800¥ OCBC Bank, PPF Banka, ABLV oYesoYes oYesoYesYes Yes  oYes 
Exness $1   Yes Yes Yes     Yes   Yes       Yes  
Gulliver FX25€/$/£ 2000¥   oYes         oYes 
HotForex5€/$/£Barclays
Mauritius
oYesoYesoYes  oYesoYes  oYes  oYes 
InstaForex 1€/$Hellenic Bank
Russia
oYesoYesoYes  oYesoYes  oYes   
Iron FX 50€/$UBS, Barclays, BNP ParibasoYesoYesoYes   oYes    oYes 
LiteForex 1€/$ oYesoYesoYes  oYes oYes oYes   
Traders-Trust 100€/$/£  oYesoYes oYesoYes       
Markets.com 100€/$ oYesoYesoYes   oYes      
OctaFX5€/$/£ oYesoYesoYes    oYes     
Pepperstone200€/$/£Local bank transfers oYesoYes oYes      oYes 
Plus500 100€/$/£ oYesoYesoYes oYesoYes       
Vantage FX$100 (AUD)National Australia BankoYesoYesoYes          
XM $5Barclays CyprusoYesoYesoYes  oYes  oYes  oYesoYes

* (BT: Bank Transfer) - (CC: Credit Card) - (CH: Check) - (PP: Paypal) - (MB: Moneybookers/Skrill) - (WB: WebMoney) - (CU: CashU) - (WU: Western Union) - (AP: Alertpay) - (EG: e-gold) - (NT: Neteller) - (MG: Moneygram)


28 pairs
Forex BrokerCurrenciesMetalsCommoditiesStock CFDs Index CFDsFunds / ETF OptionsBonds
AvaTradeoYes48 pairs oYes 3 oYes 11oYes 53 oYes 21 oYes oYes YesoYes
Dukascopy EUoYes24 pairsoYes 2      oYesYes 
ETX CapitaloYes51 pairsoYes 5 oYes 75oYes 2983 oYes 40 oYes 77 oYesYes 
FBSoYes28 pairsoYes 2       
Forex4YouoYes51 pairsoYes 2 oYes 5 oYes 36 oYes 6    
FxOpen oYes28 pairsoYes 2       
IfcMarketsoYes72 pairsoYes 2 oYes 5 oYes 29 oYes 8    
Exness oYes120 pairs oYes3       
Gulliver FXoYes 22 pairs       
HotForexoYes45 pairsoYes 5 oYes 4 oYes 34 oYes 12    
InstaForexoYes109 pairsoYes5oYes 14 oYes 34   oYes 
Iron FXoYes120 pairsoYes5oYes 7oYes 52 oYes 10    
LiteForexoYes42 pairsoYes 2  oYes 31     
Traders-Trust oYes45+ pairs oYes 2 oYes 5 oYes 29 oYes8    
Markets.comoYes44 pairsoYes 2oYes 8oYes 78oYes 21  oYes
OctaFXoYes28 pairsoYes 2       
PepperstoneoYes52 pairsoYes 2       
Plus500 CFDs ONLY!oYes51 pairsoYes 3 oYes 7oYes 1348 oYes 18 oYes 74  
Vantage FXoYes 32 pairsoYes 2 oYes 1  oYes 6 oYes 
XMoYes54 pairs oYes 2 oYes 5  oYes9    

 

Spread in pips *EUR/USDEUR/GBPGBP/USD EUR/CHFUSD/CADUSD/CHFUSD/JPYGBP/JPYEUR/JPYAUD/USD Gold
AvaTrade1 - 31.9 - 31.8 - 41.7 - 41.8 - 42 - 40.9 - 33.3 - 71.8 - 41.8 - 460
ETX Capital0.7 - 1.41.5 - 1.80.9 - 22.4 - 2.62.6 - 30.9 - 2.40.9 - 1.83.9 - 40.9 - 2.20.9 - 1.540 - 60
FBS0.20.20.20.20.20.20.20.20.20.210
Forex4You2333332633100
FxOpen2333432733100
IfcMarkets~ 1.8 ~ 1.8 ~ 2 ~ 2.5 ~ 3~ 2 ~ 1.8 ~ 5.5~ 2.5 ~ 2 45
Exness ~0.10 ~0.20 ~0.10 ~1.00 ~0.80 ~0.50 ~0.30 ~1.50 ~1.00 ~0.80 4.20
Gulliver FX344.54n/a42.543 4 n/a
HotForex~ 1.6~ 1.7~ 2.5~ 2.4~ 1.9~ 1.9~ 1.7~ 3.6~ 1.9~ 1.7~ 32
InstaForex **33 - 533 - 5333733100
Iron FX0.7 - 1.80.9 - 20.8 - 2.31 - 2.51.3 - 2.71.3 - 2.60.8 - 2.22.7 - 4.41.1 - 2.51 - 2.550 - 60
LiteForex333433373375
Traders-Trust1.8 2.6 2.2 3.40 2.30 2.40 2 3.70 3.20 2.30 75
Markets.com ~ 2.2~ 3.1~ 2.8~ 3.9~ 3.6~ 2.9~ 2.4~ 5.3~ 3~ 3.170
OctaFX0.2 - 1.80.4 - 1.60.4 - 2.60.6 - 4.4 0.4 - 2.6 0.3 - 3.7 0.3 - 1.70.8 - 4.2 0.4 - 2.60.8 - 2.2 50 - 80
Pepperstone0.5 - 1.81 - 2.41 - 2.21.2 - 4.4 1.1 - 2.4 1 - 2.9 1 - 1.7 1 - 3.2 1 - 2.2 1 - 1.8 60 - 70
Plus500 CFDs ONLY!254455295560
Vantage FX~ 1~ 2.3~ 2 n/a~ 3~ 1.5~ 5~ 5~ 3.4~ 1.5~ 50
XM~ 1.9~ 2.5~ 2.6~ 3.1~ 2.6~ 2.5~ 2~ 5.4~ 2.7~ 2.5~ 50

* With some brokers, spreads are variable. They depend on current market conditions and can change at any time.
** When you open an InstaRebate account, you get a 1.5-pip rebate on each trade, or $15 per standard lot.

DMA/STP brokersSpread + Commission for 1 standard lot (100k)Min. Deposit
Dukascopy EUinterbank spreads + $1 to $3.501000€ (or equiv.)
IfcMarkets (xTrader)Interbank spreads1000€ (or equiv.)
FxOpen (L2) interbank spreads + $1.80 to $2.50$1000 (or equiv.)
Hot Forex (Currenex)interbank spreads + $3 to $5$500 (or equiv.)
Iron FXinterbank spreads $500 (or equiv.)
Traders-Trust interbank spreads + $4.50$2000 (or equiv.)
Pepperstone (Razor)interbank spreads + $3.76200$/€
Vantage FX spreads starting at 0.4 pips + $3.50$2000 AUD (or equiv.)