Forex trading platforms

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

Written by Bill Ryan Natividad |

Verified by David Boyd

Updated 17 Jun 2025 |

Comparing of 4 forex trading platforms

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Trading CFDs and FX Options entail risk and could result in the loss of your capital.

Featured

AvaTrade forex

Commission

The average EURUSD benchmark fee is $10.7

Minimum Deposit

$300.00

Minimum Trade

0.01 Lot

Trading Platform

AvaTradeGO, MT4, MT5

Highlights

Access 50+ currency pairs including majors, minors, and exotics — all commission-free with tight spreads.
Trade on multiple platforms: AvaTrade WebTrader, MetaTrader 4 & 5, and AvaTradeGO mobile app.
Negative balance protection and regulated in multiple jurisdictions, including Canada via IIROC.
Automated trading is supported through DupliTrade and ZuluTrade, ideal for hands-free strategies.

Pros

Fixed and variable spread accounts are available.
AvaTradeGO mobile app features intuitive order management and real-time market trends for forex on the go.
Strong risk management tools like guaranteed stop loss and margin protection.
Offers Islamic accounts and account types suitable for both beginners and experienced traders.
Extensive educational library and demo account for new traders to get comfortable without real risk.

Cons

Minimum deposit of $100 may feel high for absolute beginners.
No support for scalping strategies, which might limit ultra-short-term traders.
Inactivity fees apply after 3 months of no trading.

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Not available for application via this website

Plus500 forex

Commission

Minimum Deposit

$100.00

Minimum Trade

Varies depending on the instrument

Trading Platform

Web Trader

Highlights

Trade over 70 forex pairs including majors, minors, and exotics with competitive spreads.
Zero commissions.
Clean, easy-to-navigate platform available via web and mobile, ideal for newer forex traders.
Regulated by IIROC.

Pros

Offers a straightforward trading experience.
Leverage up to 1:30 on major forex pairs in line with Canadian regulatory limits.
Real-time alerts and price notifications help you stay on top of market movements.
Provides risk management tools like stop-loss, trailing stop, and guaranteed stop orders.
Quick signup and no need to switch between multiple platforms or interfaces.

Cons

Limited technical analysis tools compared to platforms like MetaTrader.
No support for third-party integrations or expert advisors.
Educational content is quite basic.

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Not available for application via this website

Capital.com forex

Commission

Minimum Deposit

$20.00

Minimum Trade

Varies depending on the instrument

Trading Platform

Mobile app, MT4, Web Trader

Highlights

Trade over 130 forex pairs, including majors, minors, and exotics.
Tight spreads and AI-powered insights are built into the platform for smarter decision-making.
Supports both Capital.com’s proprietary web and mobile platforms, plus integration with TradingView and MetaTrader 4.

Pros

A wide range of forex pairs gives more trading opportunities than many other platforms.
The platform's built-in AI tool helps identify potential trading biases and suggests areas for improvement.
Offers advanced charting and over 75 technical indicators without overwhelming the interface.
Demo account available with unlimited virtual funds, great for testing strategies safely.
Fast execution speeds and 24/7 multilingual support for peace of mind while trading.
Regulated by IIROC in Canada with negative balance protection and segregated client funds.

Cons

No support for automated trading bots or third-party Expert Advisors.
Spreads can widen during high volatility, which might catch newer traders off guard.
Minimum deposit of $250 may be a hurdle for casual or first-time forex traders.

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Not available for application via this website

Forex.com forex

Commission

$0 + spread

Minimum Deposit

$100.00

Minimum Trade

0.01 Lot

Trading Platform

Mobile trading, MT4, Web trading

Highlights

Access over 80 forex pairs with competitive spreads and fast execution speeds.
Choose between multiple platforms — including MetaTrader 4 and FOREX.com’s advanced desktop and web platforms.
Powerful research tools, real-time market data, and integrated economic calendars.

Pros

Offers tiered account options for beginners, active traders, and professionals, giving flexibility as your strategy evolves.
Advanced charting tools and more than 90 indicators are available on the proprietary platform.
Seamless integration with MetaTrader 4 supports automated strategies and custom indicators.
Access to professional-grade analysis from in-house analysts and third-party providers like Trading Central.
Supports CAD funding and withdrawals, reducing currency conversion fees.
Regulated by IIROC.

Cons

Some tools and market research features are gated behind higher-tier accounts, which may not suit casual users.
The platform learning curve can be steep for beginners, especially outside of MetaTrader 4.
The minimum deposit required is $100.

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