Best Forex Trading Software in 2022

Here our our top software trading tools offered by the best forex brokers,

  • Pepperstone Pepperstone - Best Forex Trading Software Overall
  • 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 City Index - Good Trading Platform for Beginner Forex Traders
  • think markets logo ThinkMarkets - Best Expert Advisors Robots With Back-Testing
  • fxpro logo FxPro - Top Broker With cTrader Trade & cTrader Automate
  • axitrader logo Axi - Offers AutoChartist Technical Analysis Tools

Pepperstone
IC Markets
Plus500
FxPro
City Index
Our Rating
9.33
8.50
5.83
7.46
6.83
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
77% of retail CFD accounts lose money
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
73% 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)
CYSEC (Cypus)
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
-
0.34
-
GBP/USD Avg. Raw Spread
0.59
0.23
-
0.43
-
AUD/USD Avg. Raw Spread
0.24
0.17
-
0.81
-
EUR/USD Standard Spread
0.75
0.62
-
1.52
0.80
EUR/USD Fixed Spreads
-
-
1.79
-
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

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
Unique Feature
Smart Trader Tools
ECN pricing
Trade cannabis index
1,300,000 client accounts
Trade in 4,500 markets

Overall

Pepperstone
IC Markets
Plus500
FxPro
City Index