Forex broker comparison

The forex broker comparison tables below are designed to help you find the top forex broker based on your trading preferences. You can compare forex brokers alongside multiple criteria, including forex spreads, forex swap rates and forex trading platforms.

We selected the top forex brokers after checking their forex fees, trading platforms, and available currency pairs.

Forex broker comparison - top 5 forex brokers
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
Broker intro Danish investment bank Australian forex broker Global CFD broker International broker providing all asset classes Global CFD broker
US clients accepted No No No Yes No
  Visit broker Visit broker
74-89% of retail CFD accounts lose money
Visit broker
76% of retail CFD accounts lose money
Visit broker Visit broker
84% of retail CFD accounts lose money

If you are a beginner, be careful with forex trading. Forex products are complex and very risky, thus not suitable for everyone. You can easily lose all your invested money. If you don't know how forex trading works, start with our forex trading 101 articles.

Forex broker comparison
Forex spread comparison

Forex broker spreads at the top brokers
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
EURUSD spread 0.8 0.0 0.7 0.1 0.6
GBPUSD spread 1.3 0.2 0.9 0.3 1.3
AUDUSD spread 0.8 0.0 0.7 0.1 0.6
EURCHF spread 1.4 0.6 2.5 0.4 2.2
EURGBP spread 1.4 0.3 1.1 0.2 1.5
Selected accounts General account ZERO account General CFD account IBKR Pro General retail account
Forex broker commission No commission $2.25 per lot per trade No commission Trade value less than $1 billion: 0.2 bps * trade value; min. $2 No commission

Forex broker comparison
Forex swap rates comparison

Forex swap rates are charged when you hold your position overnight. This fee is sometimes referred to as the financing rate or overnight cost.

Forex swap rates at the top brokers

  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
EURUSD financing rate 1.5% 1.1% 2.0% 1.6% 2.0%
GBPUSD financing rate 0.9% 0.5% 1.2% 1.0% 1.2%
AUDUSD financing rate 0.9% 0.4% 1.6% 1.0% 1.1%
EURCHF financing rate 0.7% 0.4% 1.1% 0.7% 1.6%
EURGBP financing rate 1.5% 1.1% 2.0% 1.6% 2.0%

 

Forex broker comparison
Forex broker fees

The fee comparison tables below detail the forex fees charged by the top forex brokers. We categorized the fees as trading and non-trading fees:

Trading fees

We know it's hard to compare trading fees for forex brokers. So, how did we tackle the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade. A typical trade means buying a leveraged product, holding the position for one week and then closing it. For volume, we chose a $20,000 position and we used a leverage of 30:1. 

This catch-all benchmark fee includes spreads, commissions, and financing costs for all brokers.

Trading fees charged by the top forex brokers
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
EURUSD benchmark fee $7.1 $5.2 $8.8 $10.4 $8.7
GBPUSD benchmark fee $5.5 $3.2 $5.8 $8.3 $6.6
AUDUSD benchmark fee $5.7 $2.5 $8.2 $7.9 $6.1
EURCHF benchmark fee $5.1 $3.6 $8.9 $7.5 $10.3
EURGBP benchmark fee $8.7 $5.7 $10.2 $10.7 $10.9

Non-trading fees

Below, we compare the relevant non-trading fees for the top forex brokers.

Non-trading fees charged by the top forex brokers
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
Account fee No No No No No
Deposit fee $0 $0 $0 $0 $0
Inactivity fee Yes No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Forex broker comparison
Forex trading platforms compared

Forex trading platforms compared
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
MT4 available No Yes Yes No No
MT5 available No Yes No No No
Technical indicators 50 31 86 127 85

Forex broker comparison
Minimum deposit at the top forex brokers

Top forex brokers minimum deposit & deposit options
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
Minimum deposit $2,000 $0 $0 $0 $20
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes Yes No Yes
Electronic wallets No Yes Yes No Yes

Forex broker comparison
Top forex brokers regulation

Top forex brokers' regulation and foundation date
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
Country of regulation Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia Australia, Vanuatu UK, Australia, Canada, New Zealand, Singapore, Germany USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore UK, Cyprus, Australia, Seychelles
Foundation date 1992 2010 1989 1977 2016

Forex broker comparison
Markets and products

Available markets and products at the top brokers
  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com
Currency pairs (#) 190 89 338 105 138
Stock index CFDs (#) 29 18 88 13 30
Commodity CFDs (#) 20 15 123 - 33
Stock CFDs (#) 8,800 52 10,000 7,100 3,600
ETF CFDs (#) 675 - 1,000 - 100

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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