Best Forex Broker For Each FX Platform

The following forex brokers were considered the best FSCA regulated SA forex brokers for each of the following forex platforms:

Broker Reviewed

Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Our Rating
9.17
7.17
5.83
5.46
5.45
71.4% of retail CFD accounts lose money
62% of retail CFD accounts lose money
76.4% of retail CFD accounts lose money
77% of retail CFD accounts lose money
69% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
ASIC (Australia)
FCA (UK)

Brokerage

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
EUR/USD Avg. Raw Spread
0.13
0.10
GBP/USD Avg. Raw Spread
0.51
N/A
AUD/USD Avg. Raw Spread
0.18
N/A
EUR/USD Standard Spread
1.13
3.0
0.6
1.4
EUR/USD Fixed Spreads
3.0
N/A
1.6
Commissions (USD Base)
GBP £2.295 Side Trip (MetaTrader)
USD$0.45 (cTrader)
USD $1mil = 0.20% (IBKR)
Commission Rebates
Minimum Deposit
GBP £200
USD $200
$0
USD $100
$0
Has Islamic Account
No Inactivity Fees
Funding Methods
3
6
3
4
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Currency Pairs
61+
47+
60+
70+
115+
Cryptocurrency CFDs
5+
98+
14+
Index CFDs
14+
13+
67+
24+
26+
Share CFDs
60+
2000+
1816+
150+
1000+
Commodities CFD
15+
12+
17+
10+
Stockbroking
2000+
2000+
Retail Max. Leverage
30:1
30:1
30:1
30:1
30:1
Professional Leverage
500:1
400:1
300:1
500:1
33:1

Trading Platforms + Tools

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Demo Account
Unique Feature 1
Commission rebates for active traders
CopyTrader functionality for automated trading
Trade cannabis index and share CFDs
1,300,000 client accounts
125 Markets, 31 Countries, 22 Currencies
Unique Feature 2
Award Winning Customer Support
Social trading interface across CFDs
Guaranteed stop loss trading option
Choice of CFD or Spreads Betting
Earn interest on idle cash balances automatically

Overall