Best Forex Trading Software in 2021

Forex Brokers offers different software trading tools that can help with your trading success. Here are our top tools

  • Pepperstone

    Pepperstone – Best Forex Trading Software Overall

  • ic markets logo

    IC Markets – Low Fee MetaTrader 4 Forex Broker

  • FXCM UK

    FXCM – Good for NinjaTrader Trading Platform

  • eToro UK

    eToro – Best Social Forex Trading Software

  • City Index UK

    City Index – Good Trading Platform for Beginner Forex Traders

  • thinkmarkets logo

    ThinkMarkets – Best Expert Advisors Robots With Back-Testing

  • FxPro UK

    FxPro – Top Broker With cTrader Trade & cTrader Automate

  • Axi – Offers AutoChartist Technical Analysis Tools


Pepperstone
IC Markets
Plus500
FxPro
City Index
Our Rating
9.17
8.83
5.83
7.46
6.83
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
80.5% of retail CFD accounts lose money
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
71% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
Pending
CYSEC (Cypus)
Dubai (DFSA)

Bank of UAE

Brokerage

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
EUR/USD Avg. Raw Spread
0.16
0.1 Raw Account
0.37
GBP/USD Avg. Raw Spread
0.4
0.4 Raw Account
1.02
AUD/USD Avg. Raw Spread
0.27
0.2 Raw Account
0.87
EUR/USD Standard Spread
1.16
1.1
0.8
1.58
0.8
EUR/USD Fixed Spreads
1.71
Commissions (USD Base)
AUD/USD$3.50
$3.50
USD$0.45 (cTrader)
0.8
Commission Rebates
Minimum Deposit
AUD/USD $200
USD $200
100
$500 Recommended
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
66+
65+
60+
70+
84+
Cryptocurrency CFDs
4+
10+
10+
5+
Index CFDs
14+
16+
67+
24+
21+
Share CFDs
63+
100+
1816+
150+
4500+
Commodities CFD
4+
19+
17+
10+
29+
Stockbroking
Retail Max. Leverage
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
30:1 (Cysec)
500:1 (ASIC/International)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
500:1 (ASIC)
30:1 (FCA)
20:1 (MAS)
50:1 (Bank of UAE)
Professional Leverage
500:1
500:1
300:1
500:1
500:1 (FCA)

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Plus500
FxPro
City Index
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading

MT4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

FCA only
Guaranteed Neg Protection

only with FCA regulation
Cysec Regulation Only
ESMA regulated territories only

FCA only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Trade cannabis index
1,300,000 client accounts
Trade in 4,500 markets
Unique Feature 2
Fast Execution Speed
No funding fees
Guaranteed stop-loss
Avg execution time 11.06 ms
No commission spreads

Overall