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Compare forex and CFD brokers

There are a lot of forex and CFD brokers.

Some brokers offer a free demo of their trading platform, so you can test the platform before opening a real account.

There are a lot of facts to take in consideration when choosing a suitable broker. The functionalities of the platform, extra services, minimum deposit, allowed trade sizes and trading styles, counterparty risk.

Important: Never work with an unregulated broker. Well know regulators in the forex and CFD market are CySEC (Cyprus), the FCA (UK) and ASIC (Australia).

Plus500

Suitable for beginners
Negative balance protection

Plus500

  • Very easy platform and mobile apps
  • Charting and technical analysis is rather limited
  • Never lose more than your deposit (other brokers may ask you to repay a negative account balance)
  • Limited extra services, no webinars or trade suggestions,...
  • Free demo, unlimited use

Regulation
CySEC, FCA, ASIC, FMA

Minimum deposit
$100

EUR/USD Spread
Minimum 0.8 pips

ITRADER

Suitable for beginners and advanced traders

ITRADER

  • Webtrader platform and MT4
  • Cheap spreads
  • Good courses and tutorials
  • Free daily reviews and analysis
  • Free unlimited demo

Regulation
CySEC

Minimum deposit
$250

EUR/USD Spread
From 0.4 pips

Fortrade

Beginners and advanced traders
Negative balance protection

Fortrade

  • Very easy to use Fortrader platform, mobile apps
  • Clear charts and technical indicators
  • MT4 trading is possible
  • Fortrade Academy offers decent education
  • Good support
  • Unlimited free demo

Regulation
FCA

Minimum deposit
$100

EUR/USD Spread
2 pips

Markets.com

Beginners and advanced traders
Negative balance protection

Markets

  • Markets platform, webtrader, mobile apps
  • Advanced charts / technical analysis
  • Negative balance protection
  • Free webinars
  • Excellent customer support via email, live chat or phone
  • Free unlimited demo

Regulation
CySEC

Minimum deposit
$100

EUR/USD Spread
Fixed 1.7 pips

IC Markets

Beginners and advanced traders
True ECN broker

IC Markets

  • True ECN: broker will not trade against you
  • Forex trading + CFDs on indices and commodities (metals)
  • Customers in more than 160 countries
  • Trading with the cTrader platform or MT4 software
  • Webinars with advice from top traders
  • All trading styles allowed: scalping, expert advisors,...

Regulation
ASIC

Minimum deposit
$200

EUR/USD Spread
From 0.0 pips

Think Markets

Advanced traders

Think Markets

  • Worldwide broker, customers in 75 countries, offices in UK and Australia
  • Trading with the award winning MT4 tradestation software or the ThinkTrader platform
  • Automated trades with MT4 Expert Advisors
  • Daily news, analysis, a lot of education
  • Free unlimited demo

Regulation
FCA

Minimum deposit
$250

EUR/USD Spread
Minimum 0.8 pips

IG

Beginners and advanced traders

IG

  • Very nice platform and mobile apps; you can also trade with MT4 software, ProRealtime or L2 Dealer
  • Advanced charts / technical analysis
  • Very good customer service
  • Free education, trading ideas, news, videos,...
  • Free unlimited demo

Regulation
FCA

Minimum deposit
None

EUR/USD Spread
Minimum 0.8 pips

AvaTrade

Beginners and advanced traders

Avatrade

  • AvaTrader platform and mobile apps; you can also trade with MetaTrader 4
  • Technical analyis: Autochartist looks for patterns
  • Daily analysis, education, webinars
  • Free 21 day demo

Regulation
CBI

Minimum deposit
$100

EUR/USD Spread
Minimum 1.0 pips