Top 10 Forex Trading Platforms

The best forex brokers list based on trading software is.

Brokers Regulated By IIROC
Brokers Accepting Canadian Traders
  • TMGM TMGM - Best Platform Range Overall Including MetaTrader 4
  • fusion markets logo Fusion Markets - Lowest Commission With MT4/MT5
  • eightcap logo Eightcap - Great Crypto Trading With MetaTrader 5

Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
Our Rating
9.00
8.33
7.0
8.17
7.17
250 Crypto Products
IRESS Trading Platform For Shares
Owned by Capital Gains
Spot (Not CFD) Trading
Offers both CFD and Stock trading

Regulations and Licenses

Feature
Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
IIROC (Canada)
SCB (Bahamas)
VFSA (Vanuatu)

Brokerage

Feature
Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
EUR/USD Avg. Raw Spread
0.06
0.10
-
-
-
GBP/USD Avg. Raw Spread
0.73
0.42
-
-
-
AUD/USD Avg. Raw Spread
0.27
0.21
-
-
-
EUR/USD Standard Spread
1.06
1.0
1.30
-
0.73
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
$3.50
$3.50
$2.00-$6.00
0.08%-0.2%
-
Minimum Deposit
$250 (Raw)
$500 (Standard)
$100
$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
8+
5+
4+
8+
6+
No Funding Fees

Markets and Instruments

Feature
Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
Currency Pairs
40+
60+
82+ (Standard Account)
60+ (DMA)
100+
338+
Cryptocurrency CFDs*
250+
12+
-
-
19+
Index CFDs
10+
15+
17+
13+
46+
Share CFDs
400+
12,000+
1000+
1000+
9,000+
Commodities CFD
4+
5+
26+
4+
124+
Stockbroking
-
-
-
50,000+
9,000+
Retail Max. Leverage (Canada)
-
-
Major Pairs 33:1
Minor Pairs 17:1
Major Pairs 62.5:1
Minor Pairs 33:1
Major Pairs: 52:1
Minor Pairs 16:1
Retail Max. Leverage (With offshore regulators)
500:1
500:1
-
-
Major Pairs 30:1
Minor Pairs 20:1

*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
Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Eightcap
TMGM
Forex.com
Interactive Brokers
CMC Markets
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 > 9.00 ASIC, SCB 0.06 0.73 0.27 115ms $250 (Raw)
$500 (Standard)
40+ 250+ 500:1 500:1
Visit Broker > 8.33 FMA, VFSA
ASIC
0.10 0.42 0.21 180ms $100 60+ 12+ 200:1 200:1
Visit Broker > 7.0 IIROC, FCA - - - 140ms $100 82+ (Standard Account)
60+ (DMA)
- 33:1 33:1
Visit Broker > 8.17 ASIC, FCA
MAS, IIROC
- - - 120ms $0 100+ - 30:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1