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Trading Brokers Comparison

Spy stock & forex brokers compared

Welcome to Broker Spy, our trading broker comparison tool. Online trading just got easier!

 

Whether you want to trade CFDs, forex, stock indices or commodities – there will be something here to suit your trading needs. Check out our handy table for a quick comparison of different trading brokers and when you see a broker you want to find out more about, just click through to their info page for a closer look.

 

Wait a second! Before you start, take a quick peek at the Broker key for a guide to the table and make sure you think about what’s most important to you when choosing a broker .

Broker Tool Key below

BROKER
MAX

LEV

MIN

AC

REG
SPREAD
FREE

DEMO AC.

CFDs
SINCE
BBP
COM

FREE

MORE INFO
One Financial brokerage 100:1 $2000 FSA 1-2
2007
info
Learn more about Dukascopy: broker review 100:1 $50,000 ARIF 0.5 - 1

PIPS

-
2004
-
$20/$1M
info
Easy Forex 200:1 $100 NFA, CFTC, ASIC, EU CySEC 2/3/5/7
x
-
2001
info
200:1 $250 NFA, CFTC 1-2
-
1999
bid/ ask spread
info
100:1 $2000 NFA, FSA, ASIC, BAFIN, OSC 2-3
1989
-
info
200:1 $300 NFA, FSA, CFTC, BCSC, SFC 1 (min)
-
1999
-
Bid / Ask Max
info
400:1 $250 NFA, CFTC 2-4
-
2001
-
info
Interactive Brokers *50:1 $5000 FSA, CFTC, SEC, NYSE, SFC 1-3
1977
-
info
400:1 $250 NFA, FSA, CFTC, ASIC 1-3
2001
-
info
Interbank FX 200:1 $250 CFTC, FCM, NFA 1-2
-
2001
-
info
Ava FX 200:1 $100 None 1-3
2006
-
info
MG Forex 100:1 $500 NFA, CFTC 3-5
-
1992
info
100:1 $2000 DFSA 2-3
1992
info
Blue Index 100:1 $10,000 FSA
2001
*
info

Key:

BASE: The broker’s home country.

MAX LEV: Maximum leverage offered.

SPREADS: Average spread on major products.

COM FREE: Is the broker commission free?

BBP: Browser-based platform?

MIN AC: Minimum account size; doesn’t include any free demo trading accounts the broker may offer

REG: Which bodies regulate the broker? (See a full list of financial regulators to the right)

While the information contained in our broker comparison chart is updated on a regular basis, we cannot guarantee that all of the information is 100% correct at the time of reading.

FSA: Financial Services Authority (UK)
CFTC: Commodity Futures Trading Commission
ECN: Electronic Communication Network
NFA: National Futures Association
ASIC: Australian Securities & Investments Commission
SFDF: Swiss Federal Banking Commission
FCM: Futures Commission Merchant
ARIF: Association Romande des Intermédiaires Financiers

SEC: Securities and Exchange Commission

 When choosing an online trading broker...

It may sound clichéd but when choosing an online trading broker, everyone is different. Ask yourself the following questions: How much are you willing to invest? What do you want to trade (CFDs, stocks, derivatives)? What added extras do you need – for example, do you want a training course or are you an experienced trader?  Do you want comprehensive charting packages?


It’s a good idea to utilise the free demo accounts that many brokers offer – even if you are an experienced trader. Using a demo account is a good way to test the company. After all, the software will be the same. But beware, a demo account will give you little idea of the execution capabilities of a broker, or how good its customer service is.


If you’re just starting out, simply deciding what exactly you want from a broker can be a hard task. Don’t worry – it’s a tough decision even for an experienced trader! Please visit our library and learn all you can. And keep an eye out for our 'Getting Started in Trading' guide, coming soon.

Whether you are an experienced trader or a complete novice, CFDSpy.com can help you make the difficult choice of which broker to use – and there is no better place to start than our Comparison Tool above. But remember, choosing the broker is only the first step. It’s only then that the hard work – and the fun – starts. We’ll be there with you every step of the way. 

   Whats New
   Latest user reviews.
  • Comment on One Financial by Moo

    | Published: (Aug 27, 2008, 8:03 am)

    I have a account at with these guys. Their platform (browser based) is clean and basic which means its very simple to navigate and has a strong charting package and reuters news. They also allow me to chat direct to the dealing desk if i have any problems which is a nice feature. They have all the products I need.

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  • Comment on Interactive Brokers by Graeme

    | Published: (Aug 6, 2008, 1:01 am)

    Have been a customer of Interactive Brokers for a little over 2 years now, and can’t find a bad thing to say about them. Dirt cheap data and brokerage rates, access to pretty well every major market to trade, and a rock solid platform that pretty well never crashes. Head and shoulders above every single Australian broker for shares and futures.

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