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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

Negative balance protection

Plus500

  • Very easy to use 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

Fortrade

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

IG

Advanced platform

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
$150 (bank transfer)

EUR/USD Spread
Minimum 0.8 pips

Markets.com

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

Advanced platform
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

ITRADER

Advanced platform

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

Think Markets

Advanced platform

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

AvaTrade

Advanced platform

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

*Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer licence in New Zealand, FSP #. 486026 authorises Plus500 to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.