Top FX Provider 2022 List

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

  • Pepperstone Pepperstone - Best fx provider for expert forex traders
  • AvaTrade AvaTrade - Great fixed spread Broker
  • eightcap logo Eightcap - Top broker for cryptocurrency
  • IC Markets IC Markets - Good for intermediate forex traders
  • FP Markets FP Markets - Top broker for low fees
  • Plus500 Plus 500 - Great forex provider for mobile traders
  • IG IG - Good forex provider for beginners
  • eToro eToro - Top broker for copy trading
  • think markets logo Think Markets - Good MetaTrader 4 Broker

Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
Our Rating
9.33
8.50
8
5.83
7.33
74.7% 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
The vast majority of retail investor accounts lose money when trading CFDs.
77% 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)
CYSEC (Cypus)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
EUR/USD Avg. Raw Spread
0.17
0.02
0.20
-
-
GBP/USD Avg. Raw Spread
0.59
0.23
0.40
-
-
AUD/USD Avg. Raw Spread
0.24
0.17
0.30
-
-
EUR/USD Standard Spread
0.75
0.62
1.30
-
-
EUR/USD Fixed Spreads
-
-
0.70
Commissions (USD Base)
$3.50
$3.50
$3.00
-
-
Minimum Deposit
$0
$0
$100
$100
$200 (Standard)
$3,000 (Premium)
$10,000 (VIP)
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
10+
3+
16+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
Currency Pairs
62+
61+
63+
71+
62+
Cryptocurrency CFDs*
12+
18+
4+
15+
17+
Index CFDs
14+
16+
14+
67+
14+
Share CFDs
300+
100+
12,986+
1816+
26+
Commodities CFD
9+
26+
7+
22+
31+
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
500:1
500:1
300:1
200:1
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
-
500:1
300:1
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
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
300:1
400:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
-
Retail Max. Leverage (Singapore)
-
-
-
Major Pairs 20:1
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
300:1
400:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Trade cannabis index
Risk management leader
DealCancellation
Freeze Rate

Overall

Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets