Forex Brokerage Fees

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

  • ic markets logo IC Markets – Best for Lowest Spreads Through ECN pricing
  • fusion markets Fusion Markets – Best Commission Rates For Forex Brokers
  • Pepperstone Pepperstone – Top Low Spread Broker For Automated Trading
  • avatrade logo AvaTrade – Good Fixed Spread Broker For Predictable Costs
  • ig markets logo IG – Lowest Spread-Only Commission Free Standard Account
  • thinkmarkets logo ThinkMarkets – Top Swap-Free Islamic Accounts


IC Markets
Pepperstone
Fusion Markets X
ThinkMarkets
AvaTrade
Our Rating
8.83
9.17
8.17
7.67
5
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
79.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider
Lowest Trading Fees
78.94% of retail investor accounts lose money when trading CFDs with this provider
79% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
IC Markets
Pepperstone
Fusion Markets X
ThinkMarkets
AvaTrade
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
MAS (Singapore)
CFTC (U.S.A)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
Dubai (DFSA)
Abu Dhabi (ADGM) Regulated

Brokerage

Feature
IC Markets
Pepperstone
Fusion Markets X
ThinkMarkets
AvaTrade
EUR/USD Avg. Raw Spread
0.1
0.09
0.12
0.1
GBP/USD Avg. Raw Spread
0.4
0.59
0.59
AUD/USD Avg. Raw Spread
0.2
0.17
0.22
EUR/USD Standard Spread
1.1
1.09
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
1.2
0.9
Commissions (USD Base)
$3.50
SGD 4.50
AUD/USD$3.50
2.25
$3.5 per side
Commission Rebates
Minimum Deposit
USD $200
AUD/USD $200
$0
$0
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
15
16
5
6
7
No Funding Fees

Markets and Instruments

Feature
IC Markets
Pepperstone
Fusion Markets X
ThinkMarkets
AvaTrade
Currency Pairs
65+
66+
90+
38+
60+
Cryptocurrency CFDs
10+
4+
5+
5+
11+
Index CFDs
16+
14+
10+
21+
15+
Share CFDs
100+
63+
1200+
99+
Commodities CFD
19+
4+
16+
10+
16+
Stockbroking
Retail Max. Leverage
30:1 (Cysec/ASIC)
500:1 (International)
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
500:1 (Other)
30:1 (ASIC), 500:1 (Outside ASIC)
30:1
30:1 (UK/Europe)
400:1 (Intl)
Professional Leverage
500:1
500:1
500:1
500:1
400:1

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
Fusion Markets X
ThinkMarkets
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection
Cysec Regulation Only

only with FCA regulation
Europe only

(available only where European regulation applies)
Demo Account
Unique Feature 1
ECN pricing
Smart Trader Tools
Lowest Fees
STP Order Execution
Choice of social trading tools
Unique Feature 2
No funding fees
Fast Execution Speed
CAD Account for Canadian traders
Uptime record of 99.99%
Sign on bonus available

Overall