FOREX.com
Pros
- Regulated by NFA, CFTC, FCA, ASIC, CySEC, CIRO and other top-tier authorities
- Parent company StoneX Group is NASDAQ-listed
- RAW Pricing account with spreads from 0.0 pips
- Wide platform choice: proprietary Web Trader, MT4, MT5, TradingView, NinjaTrader
- Over 80 forex pairs and 5,500+ CFDs (outside US)
- Free demo account with up to $50,000 in virtual funds
- Spread betting available to UK clients
- Extensive educational resources and market research
Cons
- No real stocks or ETFs - only CFDs on equities
- $15 per month inactivity fee after 12 months
- Wire withdrawal fees apply (from $25 for US clients; international fees vary by region)
- Standard account spreads on EUR/USD are in the low-to-mid single-digit pip range, higher than some low-cost competitors
- Demo accounts expire after 90 days
- No copy trading or social trading features
- Crypto CFDs unavailable to US and some other regional clients