Compare Forex and CFD Brokers

There are a lot of CFD and forex brokers. Some of them offer a free demo account which allows you to test the trading platform before opening a real account. Choosing a suitable broker or comparing brokers isn't always easy. First and foremost you should only choose a well regulated broker, this limits the chances of being scammed. Other things to keep in mind are the functions you desire on the trading platform, minimum deposit, counterparty risk,... And do they offer webinars and seminars, education, daily analysis, trading signals,...?

Funding your account and withdrawing money is easy with a Skrill account, which is accepted by most brokers.

All EU regulated brokers offer negative balance protection for retail traders! On the other hand, the leverage is maximum 30.

Alphabetical ranking

User-friendly platform

Fortrade

Very easy to use ForTrade platform and mobile apps
Nice and clear charts and technical indicators
Very suitable for price action trading
Trading is also possible on MT4: MetaTrader 4 software, MT4 Webtrader, MT4 Android App en MT4 iOS App
Good education in the Fortrade Academy with ebooks and videos on technical analysis and top trading strategies
Unlimited free demo

Regulation*
FCA (EU)

Minimum Deposit
$100

Visit Fortrade

Read our review

Advanced platform

FP Markets

Forex and CFD's: indices, equities, commodities, metals, shares, cryptocurrencies
Over 10,000+ products
Trade with advanced platforms like MT4, MT5 or IRESS
Webtrader and mobile apps
Education section with videos and ebooks, daily research, webinars
Support: email, livechat or phone
Free demo account

Regulation
CySEC (EU) and ASIC

Minimum deposit
$100

Visit FP Markets

Seychelles branch not regulated in EU: high leverage is possible, but no negative balance protection

IC Markets

True ECN broker: Institutional pricing with no dealing desk, no requotes and no trading restrictions
Trading with the cTrader platform or MT4 software
Very good customer service and free webinars with top traders
Free unlimited demo

Regulation*
ASIC and CySEC

FSA Seychelles (no leverage limitations)

Minimum Deposit
$200

Visit IC Markets

Read our review

User-friendly platform

Plus500

Very easy to use platform with mobile apps
Charting and technical analysis is rather limited
Support: email and online chat
Free unlimited demo

Regulation*
FCA, CySEC (EU) - ASIC

Minimum Deposit
$100

Visit Plus500

Read our review
76.4% of retail CFD accounts lose money.

Advanced platform

ThinkMarkets

A choice of three trading platforms - MetaTrader 4, MetaTrader 5 or the proprietary ThinkTrader platform
Autochartist (automatic pattern recognition)
Expert Advisor (EA) trading
Daily news, analysis
Open Free Demo Account

Regulation*
FCA (EU) - ASIC

Minimum Deposit
0

Visit ThinkMarkets

Read our review

* Regulation:

Every country has an organisation which regulates the financial services industries. We only list brokers that operate in an officially regulated environment. List of regulators mentioned on this website:

ASIC: Australian Securities & Investments Commission
CBI: Central Bank of Ireland
CONSOB: Commissione Nazionale Per Le Societa' e La Borsa, Italy
CySEC: Cyprus Securities and Exchange Commission
FCA: Financial Conduct Authority, UK
FMA: Financial Market Authority, New Zealand
FSA: Financial Services Agency, Japan
FSB: Financial Services Board, South Africa
SFC: Hong Kong Securities and Futures Commission

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