CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. PipTax compares costs; it is not investment advice.

Forex & CFD broker directory

Independent, sourced profiles of 17 brokers — regulation, account types, real costs, platforms and the protections you get (or lose). Every figure is dated and cited. Compare the true cost for how you trade with the cost tool.

BrokerRegulatorsPlatforms Retail loss %
AxiASIC, FCA, CySEC, DFSA, FSA, FMAMT4 MT5n/p
CMC MarketsFCA, BaFin, ASIC, FMA, MAS, CIRO, DFSAMT4 MT5n/p
City IndexFCA, CySEC, ASIC, MASMT4n/p
EightcapASIC, FCA, CySEC, SCB, FSA, FSCMT4 MT5n/p
ExnessFSA, CBCS, FSC, CMA, JSC, FSCA, CySEC, FCAMT4 MT5 cTrader89%
FOREX.comCFTC, FCA, CySEC, ASIC, CIMA, CIRO, MAS, FSAMT4 MT5n/p
FP MarketsASIC, CySEC, FSA, FSCA, FSC, CMAMT4 MT5 cTrader74.56%
FxProFCA, CySEC, FSCA, SCB, FSAMT4 MT5 cTradern/p
IC MarketsASIC, CySEC, FSA, SCB, CMA, FSCMT4 MT5 cTrader73.68%
IGFCA, BaFin, ASIC, FINMA, MAS, JFSA, FSCA, DFSA, CFTC, Bermuda, FMAMT4 MT569%
OANDACFTC, FCA, KNF, ASIC, MAS, CIRO, JFSA, BVIMT4 MT5 cTrader76.6%
PepperstoneASIC, FCA, CySEC, BaFin, DFSA, SCA, CMA, SCBMT4 MT5 cTrader72.9%
SaxoDanish, FCA, ASIC, MAS, FINMA, SFC, JFSA, DFSA—n/p
ThinkMarketsFCA, ASIC, FMA, CySEC, FSCA, DFSA, FSA, CIMA, FSC, JFSAMT4 MT575%
TickmillFCA, CySEC, FSA, FSCA, LabuanMT4 MT5 cTrader73%
VantageASIC, FCA, FSCA, CIMA, VFSC, FSCMT4 MT5 cTrader70.98%
XMCySEC, FSC, ASIC, DFSA, FSCA, SCA, FCAMT4 MT572.82%

The retail-loss figure is each broker's own published statement of the percentage of retail investor accounts that lose money. Most retail accounts lose money trading CFDs. PipTax compares costs; it is not investment advice.