Forex trading platforms

Compare pairs, prices and fees of foreign exchange trading platforms.

Bill Ryan Natividad avatar
Written by   |  
David Boyd avatar
Verified by
Updated 3 Apr 2025   |   Rates updated regularly

Comparing of 10 forex trading platforms

AvaTrade forex

On website

Featured

AvaTrade forex

Commission

The average EURUSD benchmark fee is $10.7

Minimum Deposit

$100.00

Minimum Trade

0.01 Lot

Trading Platform

AvaTradeGO, MT4, MT5

Highlights

  • Offers low, competitive spreads across all asset classes.
  • One of the most highly regulated online brokers in the market.
  • Get access to multiple forex trading platforms such as MT4 and MT5 to Web Trader, AvaTradeGO and AvaOptions.

Pros

  • Start with as little as $100
  • Regulated by the ASIC.
  • AvaTrade has been serving clients since 2006, establishing a strong reputation in the trading industry.
  • AvaProtect helps protect your trades from losses, offering added peace of mind.
  • Access to valuable resources like Trading Central and AvaSocial to enhance your trading experience.
  • Offers a wide range of educational materials, including eBooks, webinars, and advanced trading courses.
  • Copy trading allows you to follow successful traders and mirror their strategies.
  • No deposit or withdrawal fees, making managing your funds easier and more cost-effective.

Cons

  • Inactivity fees range from $50 to $60 if you don't trade for three months.
  • No guaranteed stop losses, which means you might face higher risks if the market moves quickly.
  • Withdrawals can take up to 3 days.
Pepperstone forex

On website

Trading CFDs and FX carries significant risk and is not suitable for everyone

Pepperstone forex

Commission

Standard account is commission-free

Minimum Deposit

$0.00

Minimum Trade

None

Trading Platform

cTrader, MT4, MT5, TradingView, and Propriatory

Highlights

  • Trade 90+ currency pairs, including majors, minors, and exotics, with low spreads and deep liquidity.
  • Get consistently competitive pricing sourced from multiple Tier 1 banks.
  • Enjoy fast execution with a 99.62% fill rate and no dealing desk intervention.

Pros

  • Get live Australian market data at no extra cost.
  • Take advantage of useful educational resources to improve your trading skills.
  • Competitive pricing with fees in line with industry standards.
  • Shares CFDs offer a way to hedge positions and trade with leverage, making them less capital-intensive.
  • Easier short-selling of stocks through Shares CFDs, combined with leverage, lets you trade on falling stock prices.
  • Regulated by top authorities like ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB for added peace of mind.

Cons

  • The chat service may have long wait times.
  • The MetaTrader platform may feel basic, lacking some advanced features that other platforms offer.
  • Some users report concerns about trade execution.
Saxo Invested forex

On website

Saxo Invested forex

Commission

$0

Minimum Deposit

$0.00

Minimum Trade

$1000

Trading Platform

SaxoTraderGO

Highlights

  • Trade more than 185 FX spot pairs and 140+ forwards, offering plenty of opportunities across various markets.
  • Use a wide range of charting tools with over 50 technical indicators, integrated Trade Signals, and effective risk management features to improve your trading strategies.
  • Experience Tier-1 liquidity for quicker trade execution, fewer premature stop-outs, and better pricing

Pros

  • Earn monthly rebates for FX trades over USD 10M with Classic, Platinum, and VIP accounts.
  • Get faster, more reliable trades with Tier 1 liquidity.
  • Fewer stop-outs to help keep your trades on track.
  • Enjoy better value with price improvements.
  • Full transparency on execution stats to track your performance

Cons

  • High fees may make it less cost-effective for frequent traders.
  • Minimum deposit requirements apply in some countries.
  • Live pricing is only available with a subscription to the relevant exchange
IG forex

On website

IG forex

Commission

From $10 per $1 million

Minimum Deposit

$450.00

Minimum Trade

0.01 Lot

Trading Platform

L2 Dealer, Mobiles apps, Terminals and APIs, Web

Highlights

  • Access 80+ forex pairs, including majors, minors, and exotics, with IG’s award-winning platform and mobile apps, designed for easy trading on the go.
  • Spot forex opportunities with clear, fast charts and enhance your analysis using ProRealTime’s powerful tools.
  • Trade with confidence using IG’s intuitive web platform that offers speed and precision for every move you make.

Pros

  • Open your forex CFD account quickly and get started in just a few minutes.
  • Choose from multiple trading platforms for flexibility and ease of use.
  • Mirror the performance of the underlying market to make your trading decisions more strategic.
  • Benefit from IG’s competitive share trading fees, giving you more value for your trades.
  • Trade with a globally trusted provider, offering stability, transparency, and multi-country compliance.

Cons

  • IG’s spreads are higher than those of some competitors.
  • Only a few order types are available.
Interactive Brokers forex

Not available for application via this website

Interactive Brokers forex

Commission

0.08 to 0.20 bps times trade size

Minimum Deposit

$100.00

Minimum Trade

0.01 Lot

Trading Platform

APIs, Client Portal, Desktop, GlobalTrader, IMPACT, Mobile, TWS

Highlights

  • Low commissions and tight spreads as narrow as 1/10 PIP.
  • Get real-time quotes from 17 of the world's largest FX dealers.
  • Trade 100+ currency pairs using professional FX trading tools.

Pros

  • Low fees help maximize your investment returns.
  • Offers a wide range of products.
  • Commission-free trades on stocks, options, and ETFs make investing more cost-effective.
  • Research tools are strong and packed with insights, helping you make informed decisions.
  • High order execution quality ensures trades are processed quickly and efficiently.

Cons

  • Setting up an account can be complicated for some.
  • Getting assistance may require longer wait times.
  • You need a high minimum balance to earn interest on uninvested cash, which may not work for smaller investors.
Plus500 forex

Not available for application via this website

Plus500 forex

Commission

$0

Minimum Deposit

$200.00

Minimum Trade

Varies depending on the instrument

Trading Platform

Web Trader

Highlights

  • Trade 60+ forex pairs with leverage.
  • Get FREE real-time forex quotes and set indicators to easily analyse charts.
  • Practice trading with Plus500's FREE unlimited demo account until you're ready to move to the next level.

Pros

  • Withdraw funds quickly and securely when needed.
  • Test strategies risk-free with a free demo account.
  • Access advanced analytical tools and educational materials to make informed trading decisions.
  • Get 24/7 customer support in multiple languages for assistance anytime.
  • Trade with confidence—Plus500 is licensed and regulated by top global authorities.
  • Backed by Plus500 Ltd, a FTSE 250 company listed on the London Stock Exchange.

Cons

  • CFD fees are on the higher side compared to some competitors.
  • Share trading and futures are only available to US-based users.
IC Markets forex

Not available for application via this website

IC Markets forex

Commission

$0

Minimum Deposit

$200.00

Minimum Trade

0.01 Lot

Trading Platform

cTrader, MT4, MT5

Highlights

  • Trade over 61 currency pairs with tight spreads starting from 0.0 pips.
  • Access deep liquidity and competitive pricing for smoother order execution.
  • Use leverage of up to 1:30 to maximize your trading potential.
  • Stay active in the forex market 24/5, taking advantage of global opportunities.

Pros

  • No fees for deposits.
  • Trade with consistently low fees and competitive spreads across all account types.
  • Copy trading features let you follow experienced traders with ease.
  • Supports multiple platforms, including MetaTrader 5, cTrader, and TradingView.
  • Access in-depth research and educational content to sharpen your trading skills.

Cons

  • Limited investment options.
  • Withdrawal fees on wire transfers.
Go Markets forex

Not available for application via this website

Go Markets forex

Commission

$0 for Standard Account

Minimum Deposit

$200.00

Minimum Trade

0.01 Lot

Trading Platform

MT4, MT5, Web Trader

Highlights

  • Trade major forex pairs like EUR/USD, USD/JPY, AUD/USD, and GBP/USD from a single account.
  • Get leverage up to 500:1 for greater trading flexibility.
  • Access variable spreads as low as 0.0 pips on GO Plus accounts.
  • Receive 24/7 multilingual customer support for all your trading needs.

Pros

  • Withdraw funds hassle-free with no withdrawal or inactivity fees.
  • Improve your trading skills with webinars and video tutorials.
  • Get quick support through live chat when you need assistance.
  • Trade with confidence under Australian regulatory oversight

Cons

  • Limited product selection compared to other platforms.
  • No demo account for cTrader users.
  • Inconsistent customer service response times during high-traffic periods
ThinkMarkets forex

Not available for application via this website

ThinkMarkets forex

Commission

$3.5 per side (100,000)

Minimum Deposit

$500.00

Minimum Trade

0.01 Lot

Trading Platform

MT4, MT5

Highlights

  • Trade forex 24/5 with spreads starting from 0 pips and leverage up to 500:1.
  • Experience fast execution with a 99.9% fill rate.
  • Choose between two powerful platforms: ThinkTrader and TradingView.

Pros

  • Flat $8 brokerage fee.
  • Lower trading costs with tight spreads.
  • All shares purchased through ThinkMarkets are CHESS-sponsored.
  • No inactivity fees to worry about.
  • 24/7 client support when you need assistance.
  • Regulated globally for added trust and security.

Cons

  • Limited market analysis tools compared to some competitors.
  • No options trading available
Blueberry Markets forex

Not available for application via this website

Blueberry Markets forex

Commission

$0

Minimum Deposit

$100.00

Minimum Trade

0.01 Lot

Trading Platform

MT4, MT5, Web Trader

Highlights

  • Spreads start from 0.0 pips, giving you competitive pricing.
  • Access higher leverage and fast execution speeds for more trading opportunities.
  • Get your funds within 24 hours for quicker access to your earnings.

Pros

  • Stay updated with daily forex analysis through Blueberry Markets' YouTube channel.
  • Low commissions make share CFD trading more cost-effective.
  • Test strategies risk-free with a demo account loaded with $100,000 in virtual funds.
  • Trade on your terms using MetaTrader 4 or MetaTrader 5.
  • Get real support from a dedicated sales trader when you need it.
  • Simple deposit and withdrawal process.

Cons

  • Fewer trading markets compared to larger CFD providers.
  • It lacks advanced research tools and market analysis features found on other platforms.

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