feed linkedin-square facebook-square twitter-square question-circle-o
Forex.com Logo
Visit Forex.com
69% of retail CFD accounts lose money
Our top picks for Forex.com alternatives
Oanda
4.6
Visit broker
73.5% of retail CFD accounts lose money
Interactive Brokers
4.9
Visit broker
Forex.com Alternatives

The best alternatives to Forex.com are

  1. Oanda - US forex broker
  2. Interactive Brokers - US discount broker
  3. Pepperstone - Australian forex broker
  4. IC Markets - Australian forex broker

Let's see in a bit more detail how the Forex.com alternatives compare to Forex.com and each other:

Forex.com alternatives comparison
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
Overall score 4.4 4.6 4.9 4.4 4.4
Fees score 4.0 4.0 4.0 4.0 4.0
Account opening score 4.0 4.0 3.0 5.0 5.0
Deposit and withdrawal score 4.0 4.0 3.0 5.0 5.0
Web platform score 4.0 5.0 4.0 3.0 3.0
Markets and products score 2.0 2.0 5.0 2.0 2.0
Visit broker
69% of retail CFD accounts lose money
Visit broker
73.5% of retail CFD accounts lose money
Visit broker Visit broker
71.4% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Forex.com? There are many areas based on which Forex.com can be compared with others. When we say a given online broker is a good alternative to Forex.com we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Forex.com alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Forex.com is recommended for forex traders looking for low fees and great research tools
  • Oanda is recommended for forex traders who value a user-friendly platform and great research tools
  • Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
  • Pepperstone is recommended for forex traders looking for low fees and good customer service
  • IC Markets is recommended for forex traders who value easy account opening and free deposit/withdrawal options

Important factors of finding Forex.com alternatives

So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Forex.com or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Forex.com is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Forex.com alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Forex.com, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Forex.com alternative is a must.


Now let's dive into the details of how Forex.com and its alternatives perform in the most important areas!

Forex.com alternatives
Forex.com

Forex.com is a global FX and CFD broker established in 2001. Forex.com is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).

Forex.com is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and great research tools

Pros Cons
Low forex fees Limited product portfolio
Great variety of currency pairs High stock CFD fees
Diverse technical research tools Non-user-friendly desktop platform

Visit broker
69% of retail CFD accounts lose money

Fees
4.0

Forex.com has low fees for forex trades and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
Low stock index CFD fees
Forex.com alternatives trading fees
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
EURUSD benchmark fee $12.6 $15.9 $17.9 $14.9 $15.8
EURGBP benchmark fee $9.9 $10.7 $13.0 $10.6 $9.9

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
69% of retail CFD accounts lose money

Account opening
4.0

Forex.com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes ~2 business days, which is not the fastest on the market.
Pros Cons
Fully digital Relatively slow account verification
Low minimum deposit
User-friendly
Forex.com alternatives minimum deposit and account open times
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
Minimum deposit $50 $0 $0 $0 $200
Time to open account 1-3 days 1-3 days 1-3 days 1 day 1 day

Learn more about Forex.com minimum deposit here.

Visit broker More
69% of retail CFD accounts lose money

Deposit and withdrawal
4.0

Forex.com provides multiple options for deposit and withdrawal, all free of charge. However, withdrawal is not possible with some credit cards.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
Forex.com and alternatives withdrawal options and fees
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes No Yes Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
69% of retail CFD accounts lose money

Web trading platform
4.0

Forex.com's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login and we found some bugs.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Forex.com - Web trading platform
Forex.com and alternatives trading platform scores
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
Web platform score 4.0 5.0 4.0 3.0 3.0
Mobile platform score 4.0 5.0 4.0 4.0 4.0
Desktop platform score 3.0 4.0 3.0 3.0 3.0

Learn more about Forex.com's web trading platform in the detailed Forex.com review.

Visit broker
69% of retail CFD accounts lose money

Markets and products
2.0

At Forex.com, you can only trade with forex, CFDs and cryptos. Other asset classes, like real stocks or funds, are not available.
Forex.com and alternatives markets and products
Forex.com Oanda Interactive Brokers Pepperstone IC Markets
Stock No No Yes No No
ETF No No Yes No No
Forex Yes Yes Yes Yes Yes
Fund No No Yes No No
Bond No No Yes No No
Options No No Yes No No
Futures No No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

Visit broker More
69% of retail CFD accounts lose money

Verdict

Forex.com is a great forex broker regulated by several financial authorities, such as the UK FCA or the US CFTC.

On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.

It has some drawbacks though. Popular assets, like real stocks or bonds, are not provided. Stock CFD fees are quite high, and the desktop platform is not easy to use.

Since no withdrawal fee or inactivity fee kicks in until after one year, feel free to try Forex.com today.

Forex.com
Summary Forex.com is a global forex and CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange.
Fees score 4.0
Recommended for Forex traders looking for low fees and great research tools

Visit broker More
69% of retail CFD accounts lose money

Forex.com alternatives
Oanda

Oanda is an American forex broker founded in 1996.

It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK's Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
Generally low fees Only FX and some CFDs
Easy-to-use web trading platform Poor customer service
Easy and digital account opening High bank withdrawal fee

Visit broker
73.5% of retail CFD accounts lose money

Fees
4.0

Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
No withdrawal fee
No withdrawal fee in most cases
Forex.com vs. Oanda: Trading fees
Oanda Forex.com
EURUSD benchmark fee $15.9 $12.6
EURGBP benchmark fee $10.7 $9.9

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
73.5% of retail CFD accounts lose money

Account opening
4.0

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital Issues with ID verification can slow account opening
No minimum deposit
Low minimum deposit
Forex.com vs. Oanda: Minimum deposit, time to open an account
Oanda Forex.com
Minimum deposit $0 $50
Time to open account 1-3 days 1-3 days

If you are interested more in Oanda minimum deposit, this overview will help you.

Visit broker More
73.5% of retail CFD accounts lose money

Deposit and withdrawal
4.0

There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers
No deposit fee
Withdrawal is free for PayPal and for the first debit card transaction each month
Forex.com vs. Oanda: Withdrawal options
Oanda Forex.com
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
73.5% of retail CFD accounts lose money

Web trading platform
5.0

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of Oanda, a Forex.com alternative
Forex.com vs. Oanda: Trading platform scores
Oanda Forex.com
Web platform score 5.0 4.0
Mobile platform score 5.0 4.0
Desktop platform score 4.0 3.0

Learn more about Oanda's web trading platform in the detailed Oanda review.

Visit broker
73.5% of retail CFD accounts lose money

Markets and products
2.0

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Forex.com vs. Oanda: Markets and products
Oanda Forex.com
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

Visit broker More
73.5% of retail CFD accounts lose money

Verdict

Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.

On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 4.0
Recommended for Forex traders who value a user-friendly platform and great research tools

Visit broker More
73.5% of retail CFD accounts lose money

Forex.com alternatives
Interactive Brokers

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities Funding and withdrawal only via bank transfer

Visit broker

Fees
4.0

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Forex.com vs. Interactive Brokers: Trading fees
Interactive Brokers Forex.com
Apple benchmark fee $2.2 $21.8
Vodafone benchmark fee $14.9 $26.0
EURUSD benchmark fee $17.9 $12.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
3.0

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Forex.com vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers Forex.com
Minimum deposit $0 $50
Time to open account 1-3 days 1-3 days

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
3.0

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Forex.com vs. Interactive Brokers: Withdrawal options
Interactive Brokers Forex.com
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.0

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a Forex.com alternative
Forex.com vs. Interactive Brokers: Trading platform scores
Interactive Brokers Forex.com
Web platform score 4.0 4.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

Visit broker

Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
Forex.com vs. Interactive Brokers: Markets and products
Interactive Brokers Forex.com
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund Yes No
Bond Yes No
Options Yes No
Futures Yes No
CFD Yes Yes
Crypto Yes Yes

Visit broker More

Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: you can only fund your account via wire transfer and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.0
Recommended for Traders looking for low fees and a professional trading environment

Visit broker More

Forex.com alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.

Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and good customer service

Pros Cons
Low forex and equity index CFD fees Only forex, CFDs, and crypto
Great customer service Basic news flow, no fundamental data
Seamless and free deposit and withdrawal No investor protection for non-EU clients

Visit broker
71.4% of retail CFD accounts lose money

Fees
4.0

Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Forex.com vs. Pepperstone: Trading fees
Pepperstone Forex.com
EURUSD benchmark fee $14.9 $12.6
EURGBP benchmark fee $10.6 $9.9

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
71.4% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
Forex.com vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone Forex.com
Minimum deposit $0 $50
Time to open account 1 day 1-3 days

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Visit broker More
71.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Pepperstone provides plenty of options for deposit and withdrawal, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
Forex.com vs. Pepperstone: Withdrawal options
Pepperstone Forex.com
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
71.4% of retail CFD accounts lose money

Web trading platform
3.0

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a Forex.com alternative
Forex.com vs. Pepperstone: Trading platform scores
Pepperstone Forex.com
Web platform score 3.0 4.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Visit broker
71.4% of retail CFD accounts lose money

Markets and products
2.0

At Pepperstone you can only trade with forex, some CFDs, and cryptos.
Forex.com vs. Pepperstone: Markets and products
Pepperstone Forex.com
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
71.4% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex broker, regulated by the top-tier FCA and ASIC.

Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. There are no fundamental research tools, and the quality of news feeds is poor. Lastly, there is no investor protection for non-EU clients.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 4.0
Recommended for Forex traders looking for low fees and good customer service

Visit broker More
71.4% of retail CFD accounts lose money

Forex.com alternatives
IC Markets

IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees No investor protection
Easy and fast account opening No negative balance protection
Free deposit and withdrawal Only forex, CFD and crypto trading

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.0

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Forex.com vs. IC Markets: Trading fees
IC Markets Forex.com
EURUSD benchmark fee $15.8 $12.6
EURGBP benchmark fee $9.9 $9.9

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Forex.com vs. IC Markets: Minimum deposit, time to open an account
IC Markets Forex.com
Minimum deposit $200 $50
Time to open account 1 day 1-3 days

If you are interested more in IC Markets minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
5.0

IC Markets's depositing and withdrawal services are great. There are no fees for either and many options are available for moving your money in and out.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Forex.com vs. IC Markets: Withdrawal options
IC Markets Forex.com
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
3.0

The web trading platform of IC Markets is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of IC Markets, a Forex.com alternative
Forex.com vs. IC Markets: Trading platform scores
IC Markets Forex.com
Web platform score 3.0 4.0
Mobile platform score 4.0 4.0
Desktop platform score 3.0 3.0

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
2.0

At IC Markets, you can trade only with forex, some CFDs, and crypto products, no other assets are available.
Forex.com vs. IC Markets: Markets and products
IC Markets Forex.com
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
74-89% of retail CFD accounts lose money

Verdict

IC Markets is a great forex and CFD broker. 

Its forex fees are low and account opening is fast and easy. Deposits and withdrawals are free and user-friendly. The education section of its website is also a plus.

On the other hand, IC Markets offers only forex, CFD and crypto trading. It also does not provide any investor or negative balance protection.

Feel free to try IC Markets, as you will have an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker.
Fees score 4.0
Recommended for Forex traders who value easy account opening and free deposit/withdrawal options

Visit broker More
74-89% of retail CFD accounts lose money

Forex.com alternatives
Bottom line

Based on our analysis, there are several good alternatives to Forex.com. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Forex.com alternatives
Broker Info Recommended for
Forex.com Global CFD and forex broker Forex traders looking for low fees and great research tools
Oanda US forex broker Forex traders who value a user-friendly platform and great research tools
Interactive Brokers US discount broker Traders looking for low fees and a professional trading environment
Pepperstone Australian forex broker Forex traders looking for low fees and good customer service
IC Markets Australian forex broker Forex traders who value easy account opening and free deposit/withdrawal options

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Share

Comments

Visit Forex.com
69% of retail CFD accounts lose money
×