Best-Forex-Trading-Platform-Snippet-Image

Top 8 Forex Trading Platforms By Forex Brokers

The 2020 best forex brokers across each trading platform category are:

  • Pepperstone – Best Trading Experience With MetaTrader 4.
  • IC Markets – Lowest Fee Forex Broker Offering MetaTrader 5.
  • Plus500 – Best Forex Trading Platform For Beginners.
  • CMC Markets – Top Range Of CFDs and Currency Pairs.
  • IG – Good Range Of Forex Trading Platforms and $0 Deposit.
  • City Index – Top TradingView Web Trading Platform.
  • FxPro – Good UK Forex Broker With No Dealing Desk.
  • FXCM – Best Social Trading Software With Ninjatrader.

Broker Reviewed

Pepperstone
IC Markets
FxPro
CMC Markets
Plus500
Our Rating
9.17
8.67
7.46
7.17
5.83
Best MT4 Execution Speeds
Low Spread Broker
Trading from single account
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
80.5% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
IC Markets
FxPro
CMC Markets
Plus500
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending
CYSEC (Cypus)

Brokerage

Feature
Pepperstone
IC Markets
FxPro
CMC Markets
Plus500
EUR/USD Avg. Raw Spread
0.13
0.1 Raw Account
0.37
EUR/USD Standard Spread
1.13
1.1
1.4
1.2
0.6
Commissions (USD Base)
AUD/USD$3.50
$3.50
USD$0.45 (cTrader)
Commission Rebates
Minimum Deposit
AUD/USD $200
$200
$500 Recommended
$0
100
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
4
6
3
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FxPro
CMC Markets
Plus500
Currency Pairs
66+
65+
70+
339+
60+
Cryptocurrency CFDs
4+
10+
12+
10+
Index CFDs
2+
16+
24+
46+
67+
Share CFDs
63+
100+
150+
9000+
1816+
Commodities CFD
4+
19+
10+
111+
17+
Retail Max. Leverage
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
30:1 (CySec)
500:1 (ASIC)
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
30:1 (Europe)
20:1 (Singapore)
500:1 (Australia / International)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
Professional Leverage
500:1
500:1
500:1
500:1
300:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FxPro
CMC Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
ASIC Only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection

only with FCA regulation
ESMA regulated territories only
ESMA regulated territories only
Only in ESMA regulated territories
Demo Account
Unique Feature 1
Smart Trader Tools
ECN Pricing
1,300,000 client accounts
Offers both CFD and Stock trading
Trade cannabis index
Unique Feature 2
Fast Execution Speed
Range of markets
Avg execution time 11.06 ms
Trade Treasury notes
Guaranteed stop-loss

Overall