Top Forex Brokers

Below are the best forex brokers in 2022 across ten CFD trading categories.

  • Pepperstone Pepperstone – Best Forex Trading Experience
  • Swissquote Swissquote – Most Trusted Forex Forex Broker
  • IC Markets IC Markets – Lowest Trading Spreads
  • city index logo 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
  • interactive brokers logo Interactive Brokers – Great Range Of Trading Products
  • avatrade logo AvaTrade - Great Fixed Spread Broker

Pepperstone
Swissquote
IC Markets
City Index
Plus500

Regulations and Licenses

Feature
Pepperstone
Swissquote
IC Markets
City Index
Plus500
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FINMA (Switzerland)
CYSEC (Cyprus)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
FSA (Seychelles)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
Swissquote
IC Markets
City Index
Plus500
EUR/USD Avg. Raw Spread
0.17
-
0.02
-
-
GBP/USD Avg. Raw Spread
0.59
-
0.23
-
-
AUD/USD Avg. Raw Spread
0.24
-
0.17
-
-
EUR/USD Standard Spread
0.77
1.9
0.62
0.80
0.80
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
$3.50
2
$3.50
-
-
Minimum Deposit
$0
$1000
$0
$150
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
3+
15+
6+
3+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
Swissquote
IC Markets
City Index
Plus500
Currency Pairs
62+
76+
61+
84+
71+
Cryptocurrency CFDs*
12+
26+
18+
25+
15+
Index CFDs
14+
26+
16+
21+
67+
Share CFDs
300+
250+
100+
4500+
1816+
Commodities CFD
9+
20+
26+
46+
22+
Stockbroking
-
-
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
400:1
500:1
400:1
300:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
400:1
-
400:1
300:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
-
500:1
400:1
300:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 100:1
-
-
-
Pro. Max. Leverage (UAE)
500:1
400:1
-
-
-
Retail Max. Leverage (Singapore)
-
-
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
Pro. Max. Leverage (Singapore)
-
-
50:1
-
Retail Max. Leverage (With offshore regulators)
200:1
-
500:1
-
300:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
Swissquote
IC Markets
City Index
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
Swissquote
IC Markets
City Index
Plus500
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 7.83 FCA, MAS
FINMA, DFCA
- - - 170ms $1000 76+ 26+ 30:1 400:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1