Top Forex Brokers

Below are the best forex brokers in 2021 across the nine CFD trading category.

  • Pepperstone Pepperstone – Best Forex Trading Experience
  • Markets.com Markets.com - Top Trading Tools + Platforms
  • IC Markets IC Markets – Lowest Trading Spreads
  • City Index UK City Index – Best Cryptocurrency Broker
  • Plus500 Plus500 – Best Trading Account For Beginners
  • eToro eToro – Good Copy And Social Trading Platform
  • FXCM FXCM – Low Deposit + Best Trading Demo Account
  • IG IG Group – Largest Foreign Exchange Retail Broker

Pepperstone
Markets.com
Interactive Brokers
IG
Plus500
Our Rating
9.17
8.17
8.17
6.67
5.83
78.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with this provider.
64% of retail investor accounts lose money when trading CFDs
76% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
80.5% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
Markets.com
Interactive Brokers
IG
Plus500
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CFTC (U.S.A)
CYSEC (Cypus)

Brokerage

Feature
Pepperstone
Markets.com
Interactive Brokers
IG
Plus500
EUR/USD Avg. Raw Spread
0.09
0.17
GBP/USD Avg. Raw Spread
0.38
0.6
AUD/USD Avg. Raw Spread
0.17
0.3
EUR/USD Standard Spread
0.69
0.6
0.86
0.8
Commissions (USD Base)
AUD/USD$3.50
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
Commission Rebates
Minimum Deposit
AUD/USD $200
$250
$0
$450
100

Markets and Instruments

Feature
Pepperstone
Markets.com
Interactive Brokers
IG
Plus500
Currency Pairs
66+
120
115+
80+
60+
Cryptocurrency CFDs
12
7
5+
10+
Index CFDs
14+
58
26+
34+
67+
Commodities CFD
4+
36
38+
17+
Stockbroking
50,000+
Retail Max. Leverage
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
500:1 (Other)
30:1
33:1
30:1 (UK/Europe/Australia)
50:1 (US)
50:1 (Dubai)
30:1 (FCA/ASIC)
20:1 (MAS)
Professional Leverage
500:1
300:1
200:1
300:1

Trading Platforms + Tools

Feature
Pepperstone
Markets.com
Interactive Brokers
IG
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Unique Feature 2
Fast Execution Speed
Share Dealing
Earn interest on idle cash balances automatically
Range of platforms
Guaranteed stop-loss

Overall