Best Forex Trading Software

The best software for forex trading with the best trading tools is

  • Pepperstone Pepperstone - Best Forex Trading Software
  • IC Markets IC Markets - Low Fee MetaTrader 4 Forex Broker
  • FXCM FXCM - Good for NinjaTrader Trading Platform
  • eToro eToro - Best Social Forex Trading Software
  • city index logo City Index - Good Trading Platform for Beginner Forex Traders
  • think markets logo ThinkMarkets - Best Expert Advisors Robots With Backtesting
  • fxpro logo FxPro - Top Broker With cTrader With Automate
  • axitrader logo Axi - Good AutoChartist Technical Analysis Tools

Pepperstone
IC Markets
Plus500
FxPro
City Index
Our Rating
9.33
8.50
5.83
7.46
6.83
Smart Trader Tools
No Dealing Desk
Trade cannabis index
1,300,000 client accounts
Trade in 4,500 markets

Regulations and Licenses

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
FSA (Seychelles)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
EUR/USD Avg. Raw Spread
0.17
0.02
-
0.51
-
GBP/USD Avg. Raw Spread
0.59
0.23
-
0.66
-
AUD/USD Avg. Raw Spread
0.24
0.17
-
0.63
-
EUR/USD Standard Spread
0.77
0.62
0.80
1.24
0.80
EUR/USD Fixed Spreads
-
-
2.17
-
Commissions (USD Base)
$3.50
$3.50
-
$4.50
-
Minimum Deposit
$0
$0
$100
$0
$150
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
3+
4+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
Currency Pairs
62+
61+
71+
69+
84+
Cryptocurrency CFDs*
12+
18+
15+
30+
25+
Index CFDs
14+
16+
67+
24+
21+
Share CFDs
300+
100+
1816+
150+
4500+
Commodities CFD
9+
26+
22+
21+
46+
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 200:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
300:1
-
400:1
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
-
300:1
200:1
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
300:1
200:1
400:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
-
Major Pairs 20:1
Minor Pairs 10:1
Pro. Max. Leverage (Singapore)
-
-
-
50:1
Pro. Max. Leverage (Kenya)
-
-
-
-
Pro. Max. Leverage (South Africa)
-
-
200:1
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
300:1
200:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
IC Markets
Plus500
FxPro
City Index
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.51 0.66 0.63 110 $0 69+ 30+ 30:1 200:1
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1