Top 5 FX Providers In 2021

Based on the needs of forex traders a fx provider for each category was selected.

  • Pepperstone

    Pepperstone – Best forex broker for expert forex traders

  • ic markets logo

    IC Markets – Best FX provider for intermediate forex traders

  • easymarket logo

    easyMarkets – Best fx provider for those new to forex trading

  • fpmarkets logo

    FP Markets – Best FX provider for traders looking for low fees

  • plus500 logo

    Plus500 – Good forex provider for mobile traders


Pepperstone
IC Markets
FP Markets
Plus500
EasyMarkets
Our Rating
9.17
8.83
8
5.83
7.33
79.3% 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)
CFTC (U.S.A)
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
0.16
0.1 Raw Account
0.10
GBP/USD Avg. Raw Spread
0.4
0.4 Raw Account
0.20
AUD/USD Avg. Raw Spread
0.27
0.2 Raw Account
0.20
EUR/USD Standard Spread
1.16
1.1
1.20
0.8
1.2 (VIP)
EUR/USD Fixed Spreads
1.2
Commissions (USD Base)
AUD/USD$3.50
$3.50
$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
4+
10+
5+
14+
3+
Index CFDs
14+
16+
14+
67+
14+
Share CFDs
63+
100+
12,986+
1816+
26+
Commodities CFD
4+
19+
4+
17+
12+
Stockbroking
Retail Max. Leverage
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
30:1 (Cysec)
500:1 (ASIC/International)
500:1
300:1
30:1 (Cysec)
400:1 (ASIC/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

only with FCA regulation
Cysec Regulation 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