Forex Broker Comparison

Forex Broker Comparison
September 2020

Why is a Forex broker comparison important?

The success of a trader is extremely dependent on the choice of broker. Poor trading conditions and poor service can negatively affect a trader’s performance. Every trader should therefore use our independent Forex broker comparison to find the right broker. 

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Minimum Deposit
1001000

Forex Broker Comparison

Capital.com
4.8
4.8 rating
(based on 4 reviews)
1 Points DAX Spread
CySEC, FCA, NBRB
20 Minimum Deposit
WebTrader

The vast majority of traders will have positive experiences with Capital.com. Due to the large trading offer and the modern trading platform, both beginners and advanced traders are in good hands with Capital.com. Especially beginners will be satisfied at Capital.com and as soon as Capital.com has added MetaTrader 4, so will the traders who have committed themselves to MT4.

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75% of traders lose when trading with this provider
Markets.com
4.7
4.7 rating
(based on 3 reviews)
0.8 Points DAX Spread
CySEC, FCA, ASIC, FSCA
250 Minimum Deposit
MetaTrader 4, MetaTrader 5, WebTrader

Our Markets.com experience is overall quite positive, especially for trading beginners. Markets.com has a full service for newcomers and offers an easy entry into the world of trading through a variety of free webinars/learning materials. Due to the wide range of trading tools, advanced traders should also be interested in Markets. Through MarketsI you can easily invest in equity ETFs and mixed portfolios with favourable conditions.

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73.9% of traders lose when trading with this provider
T1Markets
4.5
4.5 rating
(based on 6 reviews)
1.5 Points DAX Spread
CySEC
250 Minimum Deposit
MetaTrader 4, WebTrader

Our T1Markets review is mixed, but we recommend crypto traders to take a second look at T1Markets. Beginner traders should test T1Markets on their free demo account first and check out their learning materials. Experienced Traders will like the MetaTrader 4 as the main trading platform.

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80% of traders lose when trading with this provider
GBE brokers
4.4
4.4 rating
(based on 5 reviews)
0.8 Points DAX Spread
CySEC
500 Minimum Deposit
MetaTrader 4, MetaTrader 5, WebTrader

Our GBEbrokers review in summary. Although GBE is not an all-round or entry-level broker, it is recommended for advanced traders. For traders who are looking for tight spreads, fair swaps and fast execution and want to deposit more than €1000 of capital, GBE is ideal. However, due to the limited offer of 250-300 trading instruments, GBE is not recommended for equity traders. But especially Forex, indices, commodity traders are in good hands with GBE Brokers.

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67.3% of traders lose when trading with this provider
nextmarkets
4.3
4.3 rating
(based on 6 reviews)
1 Points DAX Spread
MFSA
100 Minimum Deposit
WebTrader

In summary, our nextmarkets experience can be described as predominantly positive. Because nextmarkets has only been active for a few years, the broker scene is already mixed. Especially trading beginners are quickly convinced by nextmarkets with helpful trading tools such as Curated Investing, Coachfolio and the intuitive Webtrader.

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75.5% of traders lose when trading with this provider
PatronFX
3.2
3.2 rating
(based on 12 reviews)
3 Points DAX Spread
CySEC
250 Minimum Deposit
MetaTrader 4, WebTrader

In summary, PatronFX can be described as a “non-transparent average broker”. The fees are above average and the distribution structure is completely geared to customer deposits. This is also evident in the account structure. Since the licence of the predecessor brokers was also partially or completely suspended by the CySEC, we advise caution.

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72.8% of traders lose when trading with this provider
JFD Bank
3
3.0 rating
(based on 1 review)
1.2 Points DAX Spread
CySEC, BaFin, VFSC
100 Minimum Deposit
MetaTrader 4, MetaTrader 5, WebTrader

JFD has a good overall offer, but still sadly an above average amount of losing traders. However, JFD is currently not recommended as an all-round broker, as unfortunately some stocks are still missing for trading. Advanced traders should consider JFD, especially for forex trading. Beginners should definitely start with a demo account first.

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83% of traders lose when trading with this provider
ROinvesting
2.7
2.7 rating
(based on 3 reviews)
1.9 Points DAX Spread
CySEC
250 Minimum Deposit
MetaTrader 4, WebTrader

Our ROinvesting review is mixed but we recommend crypto traders to take a second look at ROinvesting. Beginner traders should test ROinvesting on their free demo account first and check out their learning materials. Experienced Traders will like the MetaTrader 4 as trading platform.

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86% of traders lose when trading with this provider
TIOmarkets
2.2
2.2 rating
(based on 5 reviews)
1.96 Points DAX Spread
Unregulated
50 Minimum Deposit
MetaTrader 4, MetaTrader 5

Our TIOmarkets experience is mixed. On the one hand TIO offers some interesting features (TIOprotect or subscriptions) and on the other hand TIOmarkets is a relatively young unregulated offshore broker. Some traders are deterred by this, others are attracted by the additional features and the high leverage of 1:200. We at BrokerCheck will closely follow the further development of TIOmarkets and will update this report regularly.

 

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66% of traders lose when trading with this provider

Which filter options are available?

There are many different CFD brokers, which is especially confusing for trading beginners. To bring some light into the chaos, we have built filters into our CFD Broker comparison. You can filter by minimum deposit, regulation, trading platform, payment options, headquarter location, available leverage, broker type, trading features or margin requirements.

The filters are of course AJAX based and therefore adapt immediately. So you can easily try several filters at the same time. For example, if you are looking for a broker who has a negative balance protection and offers PayPal at the same time, you can do this without any problems.

If you move the slider at the minimum deposit you can easily find brokers with lower minimum deposits. This is especially suitable for traders with small accounts.

CFD Broker Liste
CFD Broker ohne Nachschusspflicht 1

CFD Broker ohne Nachschusspflicht

Jeder Trader muss sich früher oder später mit dem Thema Nachschusspflicht beschäftigen. Idealerweise sollte man dies jedoch bevor ein solcher Fall eintritt. Deshalb haben wir die drei Filteroptionen Nie, Eventuell und Vorhanden eingeführt. Grundsätzlich sollte man natürlich Broker ohne Nachschusspflicht bevorzugen.

Der Filter Nie zeigt nur die CFD Broker an, bei denen man niemals negative Kontostände ausgleichen muss. Dies ist bei EU Brokern als Retail Trader immer der Fall. Einige Broker bieten aber auch für Professionelle Kunden oder grundsätzlich einen Schutz vor negativen Kontoständen an. 

Der Filter Eventuell zeigt Broker an, die unter Umständen eine Nachschusspflicht haben. Dies müsste man dann im Erfahrungsbericht nachlesen. Meist bietet der Broker dann einen oder mehrere Konto Typen an. Oft sind professionelle Trader nicht mehr von der Nachschusspflicht ausgeschlossen oder auch mancher Offshore Broker fordert manchmal den Ausgleich negativer Kontostände.

Der Filter Vorhanden zeigt Broker an, die eine Nachschusspflicht für alle Konten haben.