Overview of Forex.com alternatives
Are you not fully satisfied with the services of Forex.com and looking for some similar, but better options? Or maybe it's not available in your country, and you're interested in another broker like it?
We dug through our database to find other trusted providers that may better fit your needs. In our expert view, the best alternatives to Forex.com are:
- Charles Schwab - US discount broker
- Oanda - US forex broker
- IG - Global CFD and forex broker
- Interactive Brokers - International broker providing all asset classes
- eToro - Global social trading broker
- Saxo - Danish investment bank
- CMC Markets - Global CFD broker
- Fusion Markets - Australian forex broker
- Global Prime - Global forex broker
- IC Markets - Global forex broker
Together with my brokerage analyst colleagues, I have thoroughly tested the services of over 100 trusted brokers around the world by opening a real-money account. Here's what you need to know about finding alternatives to Forex.com:
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You have several great options when looking for an alternative to Forex.com.
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These alternatives offer similar products and target similar clients as Forex.com.
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Compare some key factors (like fees) to find the broker that best suits your needs.
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Use our Compare Brokers tool to dig deeper into the differences between brokers.
In the table below we collected all the most important details so you can check how the Forex.com and its alternatives compare to each other. Just use the drop-down menus to select the features you want to compare.
| Broker | Broker intro |
|---|---|
| Forex.com | Global CFD and forex broker |
| Charles Schwab | US discount broker |
| Oanda | US forex broker |
| IG | Global CFD and forex broker |
| Interactive Brokers | International broker providing all asset classes |
| eToro | Global social trading broker |
| Saxo | Danish investment bank |
| CMC Markets | Global CFD broker |
| Fusion Markets | Australian forex broker |
| Global Prime | Global forex broker |
| IC Markets | Global forex broker |
Popularity of the best alternative brokers to Forex.com
Interested in what others think? Here's how many people chose these brokers, which are the best alternatives to Forex.com, at BrokerChooser in the last 6 months.
Why are these brokers considered good alternatives to Forex.com?
When we say a given online broker is a good alternative to Forex.com we mean that these brokers are similar to Forex.com in:
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the products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
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the type of clients they target, i.e. beginners, experienced investors, or day traders.
Look into these areas when comparing Forex.com alternatives
When trying to find the the best alternative choice to Forex.com, you should check and compare their characteristics along these five main categories that best bring out the differences between brokers:
Fees: Your online brokerage may charge different types of fees, and both the number and the size of these fees may vary significantly from broker to broker. This can greatly impact your returns and 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 and 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.
So far BrokerChooser has reviewed 103 online brokers in detail, which gives this comparison a solid foundation. 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 importance based on the preferences of real traders
- refresh data regularly
Now let's dive into the details of how Forex.com and its alternatives perform in the most important areas!
Forex.com and its alternatives compared
| Broker | FX commission per lot | EURUSD spread |
|---|---|---|
| Forex.com | No commission is charged | 1.2 |
| Charles Schwab | No commission is charged | 1.4 |
| Oanda | No commission is charged | 1.0 |
| IG | No commission is charged | 0.6 |
| Interactive Brokers | Trade value less than $1 billion: 0.2 bps * trade value; min. $2 | 0.1 |
| eToro | No commission is charged | 1.0 |
| Saxo | No commission is charged | 0.9 |
| CMC Markets | No commission is charged | 0.5 |
| Fusion Markets | $2.25 commission per lot per trade | 0.0 |
| Global Prime | $3.50 commission per lot per trade | 0.1 |
| IC Markets | $3.50 commission per lot per trade | 0.0 |
| Broker | Minimum deposit |
|---|---|
| Forex.com | $100 |
| Charles Schwab | $0 |
| Oanda | $0 |
| IG | $0 |
| Interactive Brokers | $0 |
| eToro | $10 |
| Saxo | $0 |
| CMC Markets | $0 |
| Fusion Markets | $0 |
| Global Prime | $0 |
| IC Markets | $200 |
Learn more about Forex.com minimum deposit details.
| Broker | Bank transfer | Credit/debit card |
|---|---|---|
| Forex.com | ||
| Charles Schwab | ||
| Oanda | ||
| IG | ||
| Interactive Brokers | ||
| eToro | ||
| Saxo | ||
| CMC Markets | ||
| Fusion Markets | ||
| Global Prime | ||
| IC Markets |
| Broker | Web platform score | Mobile platform score |
|---|---|---|
| Forex.com | 4.5 /5 | 4.5 /5 |
| Charles Schwab | 4.3 /5 | 4.7 /5 |
| Oanda | 4.4 /5 | 4.9 /5 |
| IG | 5.0 /5 | 5.0 /5 |
| Interactive Brokers | 4.3 /5 | 4.3 /5 |
| eToro | 4.4 /5 | 4.9 /5 |
| Saxo | 5.0 /5 | 5.0 /5 |
| CMC Markets | 5.0 /5 | 5.0 /5 |
| Fusion Markets | 2.8 /5 | 3.8 /5 |
| Global Prime | 2.8 /5 | 3.8 /5 |
| IC Markets | 2.8 /5 | 3.8 /5 |
Learn more about Forex.com's web trading platform in the detailed Forex.com review.
| Broker | Stocks | ETFs |
|---|---|---|
| Forex.com | ||
| Charles Schwab | ||
| Oanda | ||
| IG | ||
| Interactive Brokers | ||
| eToro | ||
| Saxo | ||
| CMC Markets | ||
| Fusion Markets | ||
| Global Prime | ||
| IC Markets |
Recommended for investors and traders looking for solid research, low fees and great customer service
| Broker intro | US discount broker |
| Overall score | 4.7 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1 day |
| Read review | For a detailed analysis of Charles Schwab, check out our review for 2024. |
Recommended for forex traders who value a user-friendly platform and great research tools
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75% of retail CFD accounts lose money
| Broker intro | US forex broker |
| Overall score | 4.6 stars |
| Minimum deposit | $0 |
| Inactivity fee | Yes |
| Time to open account | 1-3 days |
| Read review | For a detailed analysis of Oanda, check out our review for 2024. |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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75% of retail CFD accounts lose money
| Broker intro | Global CFD and forex broker |
| Overall score | 4.5 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1-3 days |
| Read review | For a detailed analysis of IG, check out our review for 2024. |
Recommended for traders looking for broad market access and a professional trading environment
| Broker intro | International broker providing all asset classes |
| Overall score | 4.9 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1-3 days |
| Read review | For a detailed analysis of Interactive Brokers, check out our review for 2024. |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
| Broker intro | Global social trading broker |
| Overall score | 4.8 stars |
| Minimum deposit | $10 |
| Inactivity fee | Yes |
| Time to open account | 1 day |
| Read review | For a detailed analysis of eToro, check out our review for 2024. |
Recommended for investors and traders looking for a great trading platform and solid research
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62% of retail CFD accounts lose money
| Broker intro | Danish investment bank |
| Overall score | 4.9 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1 day |
| Read review | For a detailed analysis of Saxo, check out our review for 2024. |
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools
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71% of retail CFD accounts lose money
| Broker intro | Global CFD broker |
| Overall score | 4.5 stars |
| Minimum deposit | $0 |
| Inactivity fee | Yes |
| Time to open account | 1-3 days |
| Read review | For a detailed analysis of CMC Markets, check out our review for 2024. |
Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform
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74-89% of retail CFD accounts lose money
| Broker intro | Australian forex broker |
| Overall score | 4.4 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1 day |
| Read review | For a detailed analysis of Fusion Markets, check out our review for 2024. |
Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms
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74-89% of retail CFD accounts lose money
| Broker intro | Global forex broker |
| Overall score | 4.2 stars |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Time to open account | 1 day |
| Read review | For a detailed analysis of Global Prime, check out our review for 2024. |
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options
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70.64% of retail CFD accounts lose money
| Broker intro | Global forex broker |
| Overall score | 4.5 stars |
| Minimum deposit | $200 |
| Inactivity fee | No |
| Time to open account | 1 day |
| Read review | For a detailed analysis of IC Markets, check out our review for 2024. |
Dig deeper into comparing Forex.com alternatives
Based on our analysis, there are several good alternatives to Forex.com. They all offer similar products and target similar customers.
If you want to dig deeper into the differences between the best alternatives for Forex.com in your country, head over to our Compare Broker tool, where you can compare brokers by filtering for various criteria including minimum deposits, fees, available products and more.
For comprehensive insights into Forex.com, read our Forex.com review for 2024. Our analysis is based on more than 600 individual data points as well as first-hand experience.
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.
