Top FX Provider 2021 List

Based on the needs of traders we selected the best forex providers by category.

  • Pepperstone Pepperstone - Best fx provider for expert forex traders
  • IC Markets IC Markets - Best FX provider for intermediate forex traders
  • Markets.com Markets.com - Best forex trading tools
  • FP Markets FP Markets - Best FX provider for traders looking for low fees
  • plus500 logo Plus 500 - Good forex provider for mobile traders
  • IG IG - Good forex provider for beginners
  • eToro eToro - Top broker for copy trading
  • ThinkMarkets Think Markets - Good MetaTrader 4 Broker

Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
Our Rating
9.17
6.83
8
5.83
7.33
78.2% 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 IC Markets (EU) Ltd
Fastest Limit Order Speed
80.5% of retail CFD accounts lose money
Ideal For Beginner Traders

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
EUR/USD Avg. Raw Spread
0.09
0.1
0.10
GBP/USD Avg. Raw Spread
0.38
0.4
0.20
AUD/USD Avg. Raw Spread
0.17
0.2
0.20
EUR/USD Standard Spread
0.69
1.1
1.20
0.8
1.2 (VIP)
EUR/USD Fixed Spreads
1.2
Commissions (USD Base)
AUD/USD$3.50
$3.50
SGD 4.50
$3.00
Commission Rebates
Minimum Deposit
AUD/USD $200
USD $200
$100
100
USD $200
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
8
3
16
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
Currency Pairs
66+
65+
61+
60+
70+
Cryptocurrency CFDs
12
10+
5+
14+
3+
Index CFDs
14+
16+
14+
67+
14+
Share CFDs
300+
100+
12,986+
1816+
26+
Commodities CFD
4+
19+
4+
17+
12+
Stockbroking
Retail Max. Leverage
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
200:1 (Other)
30:1 (Cysec/ASIC)
500:1 (International)
30:1
30:1
30:1 (Cysec/ASIC)
400:1 (International)
Professional Leverage
500:1
500:1
500:1
300:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
(Aust/Europe only)
(Aust/Europe only)
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Trade cannabis index
Risk management leader
DealCancellation
Freeze rate
Unique Feature 2
Fast Execution Speed
No funding fees
IRESS Trading Platform
Guaranteed stop loss
Guaranteed negative balance protection
Fixed spreads

Overall