Forex Brokerage Fees

Below we look at the different types of forex brokerage fees and costs

  • FP Markets FP Markets – Best Range of Platforms For Low Spread Trading
  • Pepperstone Pepperstone – Top Low Spread Broker For Automated Trading
  • fusion markets logo Fusion Markets – Best Commission Rates For Forex Brokers
  • AvaTrade AvaTrade – Good Fixed Spread Broker For Predictable Costs
  • IG IG – Lowest Spread-Only Commission Free Standard Account
  • think markets logo ThinkMarkets – Top Swap-Free Islamic Accounts

FP Markets
Pepperstone
Fusion Markets
AvaTrade

Regulations and Licenses

Feature
FP Markets
Pepperstone
Fusion Markets
AvaTrade
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CYSEC (Cyprus)
IIROC (Canada)
DFSA (Dubai)
BaFin (Germany)
ADGM (Abu Dhabi)
CBI (Ireland)
FSC BVI (British Virgin Islands)
SCB (Bahamas)
VFSA (Vanuatu)

Brokerage

Feature
FP Markets
Pepperstone
Fusion Markets
AvaTrade
EUR/USD Avg. Raw Spread
0.20
0.17
0.02
0.3
GBP/USD Avg. Raw Spread
0.70
0.59
0.09
0.4
AUD/USD Avg. Raw Spread
0.40
0.24
0.50
0.5
EUR/USD Standard Spread
1.30
0.77
-
0.90
EUR/USD Fixed Spreads
-
0.90
Commissions (USD Base)
$3.00
$3.50
$2.25
-
Minimum Deposit
$100
$0
$0
$100
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
10+
16+
12+
7+
No Funding Fees

Markets and Instruments

Feature
FP Markets
Pepperstone
Fusion Markets
AvaTrade
Currency Pairs
63+
62+
90+
55+
Cryptocurrency CFDs*
4+
12+
10+
15+
Index CFDs
14+
14+
10+
33+
Share CFDs
12,986+
300+
-
625+
Commodities CFD
7+
9+
16+
30+
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
Pro. Max Leverage (Australia)
500:1
500:1
500:1
400:1
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
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
-
400:1
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
Pro. Max. Leverage (Europe)
500:1
500:1
-
400:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (UAE)
-
500:1
-
400:1
Retail Max. Leverage (Canada)
-
-
Major Pairs 33:1
Minor Pairs 17:1
Pro. Max. Leverage (Kenya)
-
-
-
Retail Max. Leverage (South Africa)
-
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (South Africa)
-
-
400:1
Retail Max. Leverage (With offshore regulators)
500:1
200:1
500:1
400:1

*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
FP Markets
Pepperstone
Fusion Markets
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

FP Markets
Pepperstone
Fusion Markets
AvaTrade
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 > 8.17 ASIC, CySEC 0.20 0.70 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.17 ASIC, VFSA 0.02 0.09 0.50 110ms $0 90+ 10+ 500:1 500:1
Visit Broker > 8.33 AISC, FSCA
IIROC, ADGM
0.3 0.4 0.5 160ms $100 55+ 15+ 30:1 400:1