Broker Comparison Tool

Compare up to 4 brokers side-by-side with comprehensive data analysis and transparent sourcing.

Select Brokers to Compare

2-4 brokers required

Broker 1

IG Markets

FCA, ASIC, FINMA

Broker 2

Plus500

FCA, CySEC, ASIC

Broker 3

eToro

FCA, CySEC, ASIC

Broker 4

Saxo Bank

FCA, FINMA, ASIC

Detailed Comparison

Category / Metric

IG Markets

Plus500

eToro

Saxo Bank

Licensing & Entity

Licensing & Entity
Primary RegulatorMain regulatory authority	FCA (UK) View licenseVerified Jan 15, 2026	FCA (UK) View licenseVerified Jan 15, 2026	FCA (UK) View licenseVerified Jan 15, 2026	FCA (UK) View licenseVerified Jan 15, 2026
Additional LicensesSecondary regulatory bodies	ASICFINMA 2 additional jurisdictions	CySECASIC 2 additional jurisdictions	CySECASIC 2 additional jurisdictions	FINMAASIC 2 additional jurisdictions
License StatusCurrent regulatory standing	Active No violations	Active No violations	Active No violations	Active No violations
Years EstablishedOperating history	48 years Founded 1974	48 years Founded 1974	48 years Founded 1974	48 years Founded 1974

Fees & Spreads

Fees & Spreads
EUR/USD SpreadAverage during London session	0.2 pips Updated Jan 15, 2026	0.2 pips Updated Jan 15, 2026	0.2 pips Updated Jan 15, 2026	0.2 pips Updated Jan 15, 2026
Commission StructurePer lot or percentage	$0.35/share Tiered pricing	$0.35/share Tiered pricing	$0.35/share Tiered pricing	$0.35/share Tiered pricing
Inactivity FeeMonthly charge if inactive	$12/month After 24 months	$12/month After 24 months	$12/month After 24 months	$12/month After 24 months
Withdrawal FeePer withdrawal transaction	Free Bank wire may apply	Free Bank wire may apply	Free Bank wire may apply	Free Bank wire may apply
Overnight FinancingSwap rates on positions	4.8 pips Based on interbank	4.8 pips Based on interbank	4.8 pips Based on interbank	4.8 pips Based on interbank

Trading Platforms

Trading Platforms
Available PlatformsDesktop, web, mobile options	MT4 / MT5 Proprietary	MT4 / MT5 Proprietary	MT4 / MT5 Proprietary	MT4 / MT5 Proprietary
Mobile App RatingSecondary regulatory matters	4.5/5.0 Based on 29K reviews	4.5/5.0 Based on 29K reviews	4.5/5.0 Based on 29K reviews	4.5/5.0 Based on 29K reviews
Charting ToolsTechnical analysis features	Advanced 100+ indicators	Advanced 100+ indicators	Advanced 100+ indicators	Advanced 100+ indicators
API AccessAlgorithmic trading support	Yes Algorithmic trading support	Yes Algorithmic trading support	Yes Algorithmic trading support	Yes Algorithmic trading support

Client Funds & Protections

Client Funds & Protections
Segregated AccountsClient fund separation	Active No violations	Active No violations	Active No violations	Active No violations
Investor CompensationFSCS or equivalent coverage	£85,000 Based on FCA rules	£85,000 Based on FCA rules	£85,000 Based on FCA rules	£85,000 Based on FCA rules
Negative Balance ProtectionCan you lose more than deposit	Yes EU residents only	Yes EU residents only	Yes EU residents only	Yes EU residents only
Two-Factor AuthenticationAccount security layer	Available App-based auth	Available App-based auth	Available App-based auth	Available App-based auth

Complaints & Warnings

Complaints & Warnings
Regulatory WarningsOfficial notices or fines	None Clean record	None Clean record	None Clean record	None Clean record
User ComplaintsPast 12 months complaints	127 complaints Past 12 months	127 complaints Past 12 months	127 complaints Past 12 months	127 complaints Past 12 months
Scam Database StatusSafegate scam registry check	Clean Checked Jan 15, 2026	Clean Checked Jan 15, 2026	Clean Checked Jan 15, 2026	Clean Checked Jan 15, 2026

Country Availability

Country Availability
Countries AcceptedExcluding US, Canada	200+ countries Global coverage	200+ countries Global coverage	200+ countries Global coverage	200+ countries Global coverage
EU ClientsAccept EU residents	Not accepted EU residents excluded	Not accepted EU residents excluded	Not accepted EU residents excluded	Not accepted EU residents excluded
Islamic AccountsSwap-free option available	Available Subject to region	Available Subject to region	Available Subject to region	Available Subject to region

IG Markets

FCA, ASIC, FINMA

Licensing & Entity

Primary Regulator: FCA (UK)
View licenseVerified Jan 15, 2026
Additional Licenses: ASICFINMA
2 additional jurisdictions
License Status: Active
No violations
Years Established: 48 years
Founded 1974

Fees & Spreads

EUR/USD Spread: 0.2 pips
Updated Jan 15, 2026
Commission Structure: $0.35/share
Tiered pricing
Inactivity Fee: $12/month
After 24 months
Withdrawal Fee: Free
Bank wire may apply
Overnight Financing: 4.8 pips
Based on interbank

Trading Platforms

Available Platforms: MT4 / MT5
Proprietary
Mobile App Rating: 4.5/5.0
Based on 29K reviews
Charting Tools: Advanced
100+ indicators
API Access: Yes
Algorithmic trading support

Client Funds & Protections

Segregated Accounts: Active
No violations
Investor Compensation: £85,000
Based on FCA rules
Negative Balance Protection: Yes
EU residents only
Two-Factor Authentication: Available
App-based auth

Complaints & Warnings

Regulatory Warnings: None
Clean record
User Complaints: 127 complaints
Past 12 months
Scam Database Status: Clean
Checked Jan 15, 2026

Country Availability

Countries Accepted: 200+ countries
Global coverage
EU Clients: Not accepted
EU residents excluded
Islamic Accounts: Available
Subject to region

Plus500

FCA, CySEC, ASIC

Licensing & Entity

Primary Regulator: FCA (UK)
View licenseVerified Jan 15, 2026
Additional Licenses: CySECASIC
2 additional jurisdictions
License Status: Active
No violations
Years Established: 48 years
Founded 1974

Fees & Spreads

EUR/USD Spread: 0.2 pips
Updated Jan 15, 2026
Commission Structure: $0.35/share
Tiered pricing
Inactivity Fee: $12/month
After 24 months
Withdrawal Fee: Free
Bank wire may apply
Overnight Financing: 4.8 pips
Based on interbank

Trading Platforms

Available Platforms: MT4 / MT5
Proprietary
Mobile App Rating: 4.5/5.0
Based on 29K reviews
Charting Tools: Advanced
100+ indicators
API Access: Yes
Algorithmic trading support

Client Funds & Protections

Segregated Accounts: Active
No violations
Investor Compensation: £85,000
Based on FCA rules
Negative Balance Protection: Yes
EU residents only
Two-Factor Authentication: Available
App-based auth

Complaints & Warnings

Regulatory Warnings: None
Clean record
User Complaints: 127 complaints
Past 12 months
Scam Database Status: Clean
Checked Jan 15, 2026

Country Availability

Countries Accepted: 200+ countries
Global coverage
EU Clients: Not accepted
EU residents excluded
Islamic Accounts: Available
Subject to region

eToro

FCA, CySEC, ASIC

Licensing & Entity

Primary Regulator: FCA (UK)
View licenseVerified Jan 15, 2026
Additional Licenses: CySECASIC
2 additional jurisdictions
License Status: Active
No violations
Years Established: 48 years
Founded 1974

Fees & Spreads

EUR/USD Spread: 0.2 pips
Updated Jan 15, 2026
Commission Structure: $0.35/share
Tiered pricing
Inactivity Fee: $12/month
After 24 months
Withdrawal Fee: Free
Bank wire may apply
Overnight Financing: 4.8 pips
Based on interbank

Trading Platforms

Available Platforms: MT4 / MT5
Proprietary
Mobile App Rating: 4.5/5.0
Based on 29K reviews
Charting Tools: Advanced
100+ indicators
API Access: Yes
Algorithmic trading support

Client Funds & Protections

Segregated Accounts: Active
No violations
Investor Compensation: £85,000
Based on FCA rules
Negative Balance Protection: Yes
EU residents only
Two-Factor Authentication: Available
App-based auth

Complaints & Warnings

Regulatory Warnings: None
Clean record
User Complaints: 127 complaints
Past 12 months
Scam Database Status: Clean
Checked Jan 15, 2026

Country Availability

Countries Accepted: 200+ countries
Global coverage
EU Clients: Not accepted
EU residents excluded
Islamic Accounts: Available
Subject to region

Saxo Bank

FCA, FINMA, ASIC

Licensing & Entity

Primary Regulator: FCA (UK)
View licenseVerified Jan 15, 2026
Additional Licenses: FINMAASIC
2 additional jurisdictions
License Status: Active
No violations
Years Established: 48 years
Founded 1974

Fees & Spreads

EUR/USD Spread: 0.2 pips
Updated Jan 15, 2026
Commission Structure: $0.35/share
Tiered pricing
Inactivity Fee: $12/month
After 24 months
Withdrawal Fee: Free
Bank wire may apply
Overnight Financing: 4.8 pips
Based on interbank

Trading Platforms

Available Platforms: MT4 / MT5
Proprietary
Mobile App Rating: 4.5/5.0
Based on 29K reviews
Charting Tools: Advanced
100+ indicators
API Access: Yes
Algorithmic trading support

Client Funds & Protections

Segregated Accounts: Active
No violations
Investor Compensation: £85,000
Based on FCA rules
Negative Balance Protection: Yes
EU residents only
Two-Factor Authentication: Available
App-based auth

Complaints & Warnings

Regulatory Warnings: None
Clean record
User Complaints: 127 complaints
Past 12 months
Scam Database Status: Clean
Checked Jan 15, 2026

Country Availability

Countries Accepted: 200+ countries
Global coverage
EU Clients: Not accepted
EU residents excluded
Islamic Accounts: Available
Subject to region

Data Sources & Methodology

2-4 brokers required

Primary Sources

Official regulatory databases (FCA, ASIC, CySEC, etc.)
Broker official websites and published documentation
Independent third-party review platforms
User-submitted reports and complaints

Update Frequency

Regulatory data: Checked daily
Fees & spreads: Updated weekly
User complaints: Real-time monitoring
Platform features: Quarterly review

Data Accuracy Commitment

All comparison data is independently verified and cross-referenced with official sources. We do not accept payment from brokers for inclusion or favorable placement. If you notice any inaccuracies, please use the "Request Correction" button to notify our team.

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