2. IG Group
IG has been in the forex and CFD business for over 40 years.
The company offers access globally to a comprehensive
product line that includes forex, stock indices, individual
equities, stock sectors, commodities, cryptocurrencies,
bonds, and interest rates on a variety of professional-grade
web-based and mobile trading platforms.
IG is the largest CFD dealer (based on trading revenue) with
the largest number of active financial spread betting
3. CMC Markets
CMC Markets offers competitive spreads that widen with larger trade
and bet sizes.
Dedicated sites for professionals and institutions highlight their
commitment to higher skill and commitment levels, but it would be
nice to see higher level perks, including rebates and the free API
interface, offered to retail accounts.
Even so, all account holders gain access to guaranteed stop losses,
free bank wire withdrawals and other advanced features, lifting the
broker into the top tier in several review categories.
4. OANDA
OANDA is one of the earliest pioneers of the retail forex industry.
Having roots in academia, the company built its reputation, product
offerings, technology, and customer base to the point now that it’s
one of only three forex-only brokers in the U.S.,
And also serves customers throughout the U.K., Singapore, Canada,
and Australia
Key points about OANDA include the fact that it has a $0 minimum
for live accounts, which is not too common for any type of broker,
including forex-specific brokers.
5. London Capital Group (LCG)
LCG provides access to a broad selection of CFDs and spread betting
instruments across several different asset classes including forex,
indexes, cryptocurrencies, commodities, bonds, and individual stocks.
They offer competitively low spreads and no commissions.
LCG also provides account holders with the benefit of negative
balance protection (so traders will never lose more than the amount
they have on deposit).
6. X-Trade Brokers (XTB)
XTB provides access to a variety of markets such as forex, shares,
indices, metals, commodities and even cryptocurrencies.
The company is regulated in the UK and registered with the Financial
Conduct Authority (FCA).
XTB's spreads, trading costs, and account fees were about average
for the industry overall
However, forex spreads were consistently better than average.
7. Forex.com
Forex.com, the primary brand of publicly-traded GAIN Capital (NYSE:
GCAP), is also one of the first forex-specific brokers on the scene.
Within the past several years, the company has acquired several
businesses, some in the U.K.
This includes the well-established CFD, forex, and spread-betting
company, City Index.
8. Pepperstone
Pepperstone is an Australian broker based out of Melbourne.
It offers competitive, full-featured trade execution through multiple
platforms, including MetaTrader 4, browser-based entry, and mobile
devices.
A recommended AUD $200 minimum deposit supports small trading
accounts