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


FP Markets
Markets.com
Pepperstone
Fusion Markets X
AvaTrade
Our Rating
8
8.17
9.17
8.17
8.33
FP Markets don't provide % of clients who lose money
Negative Balance Protection
78.2% of retail investor accounts lose money when trading spread bets and CFDs with this provider
Lowest Trading Fees
79% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
FP Markets
Markets.com
Pepperstone
Fusion Markets X
AvaTrade
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
Dubai (DFSA)
Abu Dhabi (ADGM) Regulated

Brokerage

Feature
FP Markets
Markets.com
Pepperstone
Fusion Markets X
AvaTrade
EUR/USD Avg. Raw Spread
0.01
0.09
0.12
GBP/USD Avg. Raw Spread
0.2
0.38
0.59
AUD/USD Avg. Raw Spread
0.2
0.17
0.22
EUR/USD Standard Spread
1.2
0.60
0.69
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
0.9
Commissions (USD Base)
USD $3.00
AUD/USD$3.50
$2.25
Commission Rebates
Minimum Deposit
$100
$250
AUD/USD $200
$0
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
8
6
16
5
7
No Funding Fees

Markets and Instruments

Feature
FP Markets
Markets.com
Pepperstone
Fusion Markets X
AvaTrade
Currency Pairs
61+
67
66+
90+
55+
Cryptocurrency CFDs
5+
25
12
5+
15+
Index CFDs
14+
40
14+
10+
33+
Share CFDs
12,986+
3312
300+
625+
Commodities CFD
4+
28
4+
16+
30+
Stockbroking
Retail Max. Leverage
30:1 ASIC
30:1 Europe
500:1 International
30:1 (UK/Europe/Australia)
300:1 (Other)
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
200:1 (Other)
30:1 (ASIC), 500:1 (Outside ASIC)
30:1 (UK/Europe/Australia)
400:1 (South Africa)
Professional Leverage
500:1
300:1
500:1
500:1
400:1

Trading Platforms + Tools

Feature
FP Markets
Markets.com
Pepperstone
Fusion Markets X
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
(Aust/Europe only)
available only where European or ASIC regulation applies
Demo Account
Unique Feature 1
Fastest Limit Order Execution Speed
Unique Trading Tools
Smart Trader Tools
Lowest Fees
Choice of social trading tools
Unique Feature 2
Low spreads
Share Dealing
Fast Execution Speed
CAD Account for Canadian traders
Fixed Spreads

Overall