Compare forex brokers

Pick up to four brokers. Every figure links back to the broker's review, where each fact cites its source.

	Interactive Brokers 9.4	CMC Markets 9.2	ActivTrades 9.1	Axi 8.9	Trade Nation 8.9	IG 8.8	Pepperstone 8.7	Saxo 8.7	Swissquote 8.6	Capital.com 8.5	OANDA 8.3	Spreadex 8.2	Tickmill 8.1	XTB 8.1	IC Markets 8.0	NAGA 7.6	FP Markets 7.4	Libertex 7.0	Markets.com 6.9	Vantage 8.6	eToro 7.6	Admirals (Admiral Markets) 7.2	FinecoBank (Fineco) 7.2	FxPro 7.2	AvaTrade 7.1	Plus500 7.0	Trading 212 6.9	City Index 5.2	Eightcap 5.2	HFM (HF Markets) 5.2	Skilling 5.2	ThinkMarkets 5.2	XM 5.2
Overall score	9.4/10	9.2/10	9.1/10	8.9/10	8.9/10	8.8/10	8.7/10	8.7/10	8.6/10	8.5/10	8.3/10	8.2/10	8.1/10	8.1/10	8/10	7.6/10	7.4/10	7/10	6.9/10	8.6/10	7.6/10	7.2/10	7.2/10	7.2/10	7.1/10	7/10	6.9/10	5.2/10	5.2/10	5.2/10	5.2/10	5.2/10	5.2/10
Trust (35%)	9.5	10.0	9.0	9.0	9.5	10.0	9.5	9.5	10.0	9.0	10.0	8.5	8.5	9.5	8.5	6.5	6.0	5.5	6.0	8.5	10.0	6.0	8.0	8.5	8.0	9.5	10.0	5.5	5.5	5.5	5.5	5.5	5.5
Costs (25%)	10.0	10.0	10.0	10.0	10.0	7.3	8.5	7.5	10.0	9.0	6.8	9.5	9.0	6.5	8.7	9.5	8.7	9.5	7.5	10.0	7.0	9.0	7.5	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
Platforms (15%)	9.5	8.5	8.0	7.0	8.0	8.5	8.5	9.0	8.5	8.5	8.0	6.5	7.0	7.0	8.0	7.0	7.5	7.0	7.5	8.0	6.5	7.5	6.5	8.5	8.5	5.0	6.0	5.0	5.0	5.0	5.0	5.0	5.0
Accessibility (10%)	9.5	9.5	10.0	9.0	8.5	9.5	8.5	9.5	4.5	8.5	8.5	8.0	9.0	9.5	7.5	8.5	9.5	8.5	7.5	8.5	5.5	5.5	5.0	5.5	5.5	5.5	5.0	5.0	5.0	5.0	5.0	5.0	5.0
Support (10%)	8.0	6.5	9.0	9.0	7.5	8.5	8.0	8.0	6.0	6.5	7.0	7.5	6.0	7.5	7.0	6.5	7.5	5.5	7.5	7.5	5.0	8.0	6.0	8.0	8.0	8.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
Education (5%)	8.5	7.0	7.0	7.0	5.5	8.0	7.0	7.5	6.0	7.0	6.5	6.0	7.0	8.0	4.5	7.0	5.5	5.0	6.5	6.5	7.0	7.0	8.0	6.0	8.0	6.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
Regulators	CBI, FCA, SEC, ASIC, CIRO, SFC, MAS, JFSA, DFSA	BaFin, FCA, ASIC, MAS, CIRO, DFSA	CMVM, FCA, SCB, FSC Mauritius, SCA	CySEC, FCA, FSA SVG, ASIC, FMA, DFSA	CMVM, FCA, ASIC, FSCA, SCB, FSA Seychelles	BaFin, FCA, ASIC, MAS, FSCA, DFSA, JFSA	CySEC, FCA, BaFin, ASIC, DFSA, SCA, SCB, CMA	Danish FSA, FCA, FINMA, MAS, JFSA	CySEC, CSSF, FCA, FINMA, DFSA, MAS, SFC, FSCA	CySEC, FCA, ASIC, SCB, SCA	KNF, FCA, NFA, CIRO, ASIC, MAS, JFSA, FSC BVI	FCA	CySEC, FCA, DFSA, FSCA, FSA Seychelles	KNF, CySEC, FCA, DFSA, FSC Belize	CySEC, ASIC, FSA Seychelles, CMA	CySEC, FSA Seychelles, FSRA, FSCA	CySEC	CySEC	CySEC, FSCA	FCA	CySEC, FCA, ASIC, MAS, FSA Seychelles	CySEC	Bank of Italy	CySEC, FCA, SCB	CBI	CySEC, FCA, EFSA, ASIC	CySEC, BaFin, CBI, FCA, ASIC	CySEC	CySEC, SCB, FSA Seychelles, FSC Mauritius	CySEC	CySEC	CySEC	CySEC
Investor compensation	Irish Investor Compensation Scheme (ICS) member (Interactive Brokers Ireland)	EdW: 90% of claims up to €20,000 (CMC Markets Germany GmbH)	Portuguese Investor Compensation System up to €25,000, plus private insurance up to €1,000,000	ICF up to €20,000 (CySEC)	SII (Portugal) up to €25,000 (EU clients of Trade Nation Europe)	FSCS up to £85,000 (UK clients)	ICF up to €20,000 (CySEC), limited to 90% of covered claims	Danish Guarantee Fund: cash deposits up to €100,000; securities not returned up to €20,000 (Saxo Bank A/S)	ICF up to €20,000 (EU, CySEC); FSCS up to £85,000 (UK)	—	—	FSCS up to £85,000 (Spreadex Limited, eligible clients)	ICF up to €20,000 (CySEC), limited to 90% of eligible claims	ICF up to €20,000 (XTB Limited, CySEC); FSCS up to £85,000 (XTB Limited, UK)	ICF up to €20,000 (CySEC)	ICF up to €20,000 (CySEC); additional insurance up to €1,000,000 per eligible client on insolvency (from 1 October 2026)	ICF up to €20,000 (CySEC), limited to 90% of covered claims	—	—	FSCS up to £85,000 for eligible clients; separate excess-of-FSCS insurance up to £1 million in aggregate	ICF up to €20,000 (eToro Europe, CySEC); FSCS up to £85,000 (eToro UK)	ICF up to €20,000 (CySEC); separate insurance up to €100,000 for eligible clients on insolvency	FNG up to €20,000 (investment services); FITD up to €100,000 (cash deposits)	—	—	—	EdW up to €20,000 (Trading 212 EU GmbH); ICF up to €20,000 (Trading 212 Markets Ltd); FSCS up to £85,000 (Trading 212 UK)	—	—	—	—	—	—
% retail accounts losing	58.9%	70%	73%	69.2%	75.8%	74%	74.1%	66%	54.4%	73%	77%	64%	74%	79%	73.46%	75.04%	74.51%	84%	81.9%	72.65%	55%	76%	65.44%	—	—	—	77%	—	—	—	—	—	—
EUR/USD standard spread	—	0.5 pips	0.5 pips	0.68 pips	0.5 pips	1.04 pips	1.1 pips	1 pips	1.3 pips	0.7 pips	1.15 pips	0.6 pips	1.6 pips	1.2 pips	0.8 pips	0.6 pips	1.26 pips	—	1 pips	1.4 pips	1.1 pips	0.9 pips	1 pips	—	—	—	—	—	—	—	—	—	—
EUR/USD raw + commission	0.1 + 4/lot	0 + 5/lot	—	0 + 4.5/lot	—	—	0.1 + 7/lot	—	0 + 5/lot	—	—	—	0.1 + 6/lot	—	0.06 + 7/lot	—	0.16 + 6/lot	0 + 6/lot	—	0 + 2/lot	—	0.1 + 6/lot	—	—	—	—	—	—	—	—	—	—	—
All-in EUR/USD cost	0.50 pips	0.50 pips	0.50 pips	0.45 pips	0.50 pips	1.04 pips	0.80 pips	1.00 pips	0.50 pips	0.70 pips	1.15 pips	0.60 pips	0.70 pips	1.20 pips	0.76 pips	0.60 pips	0.76 pips	0.60 pips	1.00 pips	0.20 pips	1.10 pips	0.70 pips	1.00 pips	—	—	—	—	—	—	—	—	—	—
All-in GBP/USD cost	—	0.40 pips	0.80 pips	—	0.80 pips	1.83 pips	0.90 pips	1.10 pips	0.50 pips	1.30 pips	2.41 pips	0.90 pips	0.90 pips	1.40 pips	0.80 pips	—	1.06 pips	0.60 pips	1.00 pips	0.70 pips	—	1.10 pips	—	—	—	—	—	—	—	—	—	—	—
All-in USD/JPY cost	—	0.70 pips	0.50 pips	—	0.60 pips	1.18 pips	1.20 pips	1.20 pips	0.75 pips	1.20 pips	1.89 pips	0.70 pips	1.00 pips	1.80 pips	0.80 pips	—	1.42 pips	1.00 pips	1.00 pips	0.70 pips	—	1.20 pips	—	—	—	—	—	—	—	—	—	—	—
Average all-in (3 pairs)	—	0.53 pips	0.60 pips	—	0.63 pips	1.35 pips	0.97 pips	1.10 pips	0.58 pips	1.07 pips	1.82 pips	0.73 pips	0.87 pips	1.47 pips	0.79 pips	—	1.08 pips	0.73 pips	1.00 pips	0.53 pips	—	1.00 pips	—	—	—	—	—	—	—	—	—	—	—
Minimum deposit	0	0	0	5	5	0	10	0	1000	20	25	5	100	0	200	50	0	100	200	50	—	—	—	—	—	—	—	—	—	—	—	—	—
Max retail leverage	—	1:30 (EU/UK, major FX pairs; 3.34% margin on EUR/USD)	1:30 (EU, major FX pairs)	1:30 (EU)	1:30 (EU, major FX; 3.33% margin)	1:30 (EU/UK, major FX pairs)	1:30 (EU, major FX pairs)	1:30 (retail, major FX pairs; 3.33% initial margin on EUR/USD)	1:30 (EU/UK)	1:30 (EU retail, EUR/USD)	1:30 (EU/UK)	1:30 (UK retail, major FX; 3.33% margin)	1:30 (EU)	1:30 (EU/UK retail)	1:30 (EU)	1:30 (EU, major FX pairs; margin 3.33%)	1:30 (EU, major FX pairs)	1:30 (EU, major FX pairs)	1:30 (EU, major FX pairs)	1:30 (UK, major FX pairs)	—	1:30 (EU, major FX pairs)	about 1:28 (EU retail, major FX; 3.5% margin)	1:30 (retail, FCA/CySEC)	—	—	1:30 (major FX, retail)	—	—	—	—	—	—
Platforms	Trader Workstation, IBKR Desktop, IBKR Mobile, IBKR APIs	CMC Next Generation, CMC Trading App, MetaTrader 4, MetaTrader 5, TradingView	ActivTrader, MetaTrader 4, MetaTrader 5, TradingView	MetaTrader 4, MetaTrader 5, Axi Trading Platform, MT4 WebTrader	TN Trader (web/mobile), MetaTrader 4, TradingView	IG web platform, IG Trading App, MetaTrader 4, ProRealTime, TradingView, L2 Dealer, IG API	Pepperstone platform, MetaTrader 4, MetaTrader 5, cTrader, TradingView	SaxoTrader, SaxoInvestor, TradingView, OpenAPI	CFXD, MetaTrader 4, MetaTrader 5, TradingView	Capital.com web platform, Capital.com mobile app, MetaTrader 4, MetaTrader 5, TradingView	OANDA TMS Trade, MetaTrader 5, TradingView	Spreadex web platform, Spreadex app (iOS/Android), TradingView	MetaTrader 4, MetaTrader 5, TradingView	xStation 5 (web/desktop), XTB mobile app	MetaTrader 4, MetaTrader 5, cTrader, TradingView	NAGA web platform, NAGA mobile app (iOS and Android), MetaTrader 5	MetaTrader 4, MetaTrader 5, cTrader, MT4/MT5 WebTrader	Libertex (web and mobile app), MetaTrader 4, MetaTrader 5	Markets.com WebTrader, Markets.com mobile app, MetaTrader 4, MetaTrader 5	Vantage UK App, Vantage Web Trading, MetaTrader 4, MetaTrader 5, TradingView	eToro web platform, eToro mobile app, ProCharts	MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, Admirals Platform (web), Admirals Mobile App	Fineco website, Fineco app, FinecoX	MetaTrader 4, MetaTrader 5, cTrader, FxPro WebTrader / FxPro Edge, TradingView, FxPro Mobile App	WebTrader, AvaTrade App, MetaTrader 4, MetaTrader 5, TradingView, AvaOptions, AvaSocial, DupliTrade	Plus500 WebTrader, Plus500 iOS app, Plus500 Android app	Trading 212 app	—	—	—	—	—	—
FX pairs	—	—	—	63	32	—	—	—	76	—	—	—	62	—	61	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Inactivity fee	None (USD 0)	None (CMC Markets Germany); £10/month after 12 months dormant (CMC Markets UK)	€10/month after 18 months without activity	10 per month (EUR, GBP or USD account; PLN 40) after 12 months with no trading and no open positions	None (no dormancy fee)	None (IG UK charges page)	None	None (EUR 0)	None (EU, SQCM); 10 account-currency units/month after 6 months (UK)	None	EUR 10/month after 365 days without trades or open positions (EU, electronic correspondence); UK: up to GBP 20/month after 12 months	None	10 USD/EUR/GBP/CHF per quarter once the client area is dormant (no activity for 12 months and 10 days, balance ≤ 50)	€10/month if no trade in the last 365 days and no deposit in the last 90 days	10 (account currency) per month after 6 months without trading	—	None (accounts archived after 90 days without activity; dormant fee currently EUR 0)	EUR 10 per month after 180 days with no trades, open positions, deposits or withdrawals	USD 10 per month after 90 days without trading or deposits (not charged on a zero balance)	—	None	EUR 10 per month after 24 months with no trades (charged only on a positive balance)	—	—	—	—	None	—	—	—	—	—	—
Real stocks	✓	✓	✗	✗	—	✓	✗	✓	✓	✓	✓	—	✗	✓	✗	✓	✗	✓	✗	✗	✓	✓	✓	—	—	—	✓	—	—	—	—	—	—
Copy trading	—	—	—	✓	—	—	✗	—	✗	—	—	—	✗	—	—	✓	✗	✗	✓	✗	✓	✗	—	—	—	—	—	—	—	—	—	—	—
Partner programme	—	✓	✓	✓	✓	✓	✓	—	—	✓	—	✓	✓	✓	✗	✓	✗	✓	—	✓	✓	✓	✓	—	—	✓	✓	—	✓	—	✓	—	—
Swap-free account	—	—	✓	✓	—	—	—	—	—	✗	—	—	✓	—	✗	—	✗	—	—	—	✗	—	—	—	—	—	—	—	—	—	—	—	—
Guaranteed stop-loss	—	✓	—	—	✓	✓	✗	—	—	✓	—	✓	—	—	✗	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Head-to-head comparisons

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Tickmill vs… (14)

XTB vs… (14)

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