Finding the best forex broker is not an easy task. Not only beginners but professionals often get confused about which matters should consider and which features should not be considered. That’s why I considered the most crucial facts like regulations, deposit and withdrawal process, and so many prepare a short list of 100 best forex brokers for you.
You can rely on this list because all the 100 are trustworthy. However, I will give you detailed descriptions and key features so you can choose your best one from this list of 100 brokers.
1. Interactive Brokers
| Established | 1977 |
| Headquarters | Greenwich, Connecticut, United States |
| Founder | Thomas Peterffy |
| Regulation | Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), Central Bank of Ireland (CBI) – Ireland, Commodity Futures Trading Commission (CFTC). |
| Total Number of Forex pairs | 91 |
| Total Tradable symbols | 7400 |
| Minimum Deposit | $0 |
| Tradable securities | Stocks, Bonds, Mutual funds, ETFs, Options, Fractional shares, Futures, Forex, Metals |
| Account Base Currency | USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NZD, NOK, PLN, SGD, SEK, CHF, CNH |
| Platforms | Trader Workstation (TWS), IB WebTrader, Mobile platforms (Android App, Apple iOS App) |
| Demo Account | Available |
| Accepts U.S. Clients or Not | Yes. Interactive Brokers accepts U.S. clients. |
Pros
- Wide range of training materials around the world and across asset classes.
- Commission-free trading.
- No-transaction-fee on mutual funds.
- Robust trading platform
- Low margin rates.
- USD 373.8 billion Client Equity and USD 10.01 billion Equity Capital make Interactive Brokers a trusted, well-capitalized broker.
- Trader Workstation (TWS) desktop platform offers a vast variety of advanced trading tools.
- Superior order execution.
Cons
- MetaTrader is unavailable.
- Some research tools incur a fee.
- No cent accounts for novice traders.
- The registration procedure is very complicated.
- The website is difficult to navigate.
- Complicated pricing structure.
2. IG
| Established | 1974 |
| Headquarters | London, United Kingdom |
| Founder | Stuart Wheeler |
| Regulation | Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA) – New Zealand, Commodity Futures Trading Commission (CFTC) |
| Minimum Deposit | GBP 250 |
| Demo Account | Available |
| Platforms | MT4, IG Proprietary |
| Total Tradable symbols | 19537 |
| Total Number of Forex pairs | 100 |
| Accepts U.S. Clients or Not | Yes. IG accepts U.S. clients. But only for forex trading |
Pros
- A ow-risk, safe broker for forex and CFDs trading.
- IG ranks as the most trusted broker for forex and CFDs in parkingpips 2022 Review.
- Great deposit and withdrawal options.
- Organised educational tools.
- User friendly interface.
- Easy to navigate.
- Available in various languages Dutch, English, Thai, Arabic, Portuguese etc
- Emphasis on education and research.
- Offers protection for U.K./E.U. client accounts.
- Quality choice of trading platforms, including MT4.
- Autochartist signals integrated with the proprietary web-based platform.
- Tight spreads for individual instruments
Cons
- High forex and stock CFD fees.
- Slow customer support.
- No account protection for U.S. clients.
- Higher minimum deposit requirement.
3. Dukascopy
| Established | 2004 |
| Headquarters | Geneva, Switzerland |
| Regulation | FINMA, FCMC (Latvia),JFSA (Japan), DFSA (Dubai) |
| Total Tradable symbols | 593 |
| Total Number of Forex pairs | 60 |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Account Base Currency | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU and ZAR |
| Platforms | MT4, Dukascopy Web Platform, JForex |
| Product Offered | Forex, CFD, Crypto, Binary Options |
| Accepts U.S. Clients or Not | No. Dukascopy does not accepts U.S. clients. |
Pros
- Permission to use algorithmic bots or robots to automate trading.
- It is regulated under a swiss banking license and by Japan FSA. Thus traders can trust this broker whole heartedly.
- It offers a proprietary trading platform described as Jforex.
- User friendly design.
Cons
- Small leverage up to 1:200 only.
- Verification processes are complicated and time-consuming.
- Swap-free accounts are not available.
- The minimum deposit is $1000, but the traders from Dukascopy Europe can add a minimum deposit of $100.
- Dukascopy charges inactivity fees.
4. Saxo Bank
| Established | 1992 |
| Headquarters | Denmark, Copenhagen |
| Founder | Kim Fournais, Lars Seier Christensen, Mark Anthony Hauschildt |
| Regulation | Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA) |
| Total Tradable Symbols | 40000 |
| Total Number of Forex pairs | 182 |
| Minimum Deposit | $2,000 |
| Demo Account | 20 Day Free Demo account |
| Account Base Currency | USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, SEK, SGD, ZAR, TRY |
| Accepts U.S. Clients or Not | NO. You can’t open an account at Saxo Bank if you live in United States |
| Inactivity fee charged | Yes |
| Withdrawal fee amount | $0 |
| Products offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, SaxoSelect |
Pros
- Provides Industry’s best research.
- Ensures protection for client accounts.
- No deposit or withdrawal fees.
- Saxo Bank is regulated by various licensing bodies globally. So traders don’t need to hesitate about their funds’s security.
- The mobile trading app is also excellent.
Cons
- Does not accept U.S. clients.
- No MT4.
- Poor customer service.
- Confusing instrument fee structures.
- Does not offers a live chat facility.
- Not available to Canadian clients.
5. Blueberry Markets
| Established | 2016 |
| Headquarters | Australia |
| Founder | Dean Hyde |
| Regulation | VFSC, ASIC, SCB |
| Maximum Leverage | 30:1(ASIC), 500:1(Vanuatu (VFSC)) |
| Expert advisors | Allowed |
| Minimum Deposit | $100 |
| Demo Account | Limited with 30 days |
| Account Base Currency | AUD, USD, CAD, GBP, NZD, EUR, SGD |
| Accepts U.S. Clients or Not | NO. You can’t open an account at Blueberry Markets if you live in United States |
| Inactivity fee charged | No |
| Withdrawal fee amount | $0 |
| Products offered | Forex, Gold & silver, Oil, Indexes, Cryptocurrencies |
| Trading platforms | MetaTrader 4, MetaTrader 5 |
Pros
- User friendly design.
- The company is regulated by top market authorities like ASIC and VFSC.
- A 24/7 live chat is provided.
- A free 30 days demo account with all features.
- ECN trading available.
- Research tools available.
- Copy-trading supported.
- Easy account opening.
Cons
- Limited Country Range.
- Free of charge withdrawals only within Australia.
6. Tickmill
| Established | 2014 |
| Headquarters | London, UK |
| Regulation | FCA (UK), FSA (Seychelles), CySEC (Cyprus) |
| Total Tradeable Symbols | 87 |
| Total Forex Pairs | 62 |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Account Base Currency | USD, GBP, EUR, PLN |
| Accepts U.S. Clients or Not | NO. You can’t open an account at Saxo Bank if you live in United States |
| Inactivity fee charged | $0 |
| Withdrawal fee amount | $0 |
| Products offered | Forex, CFD, Crypto |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web-based |
| Maximum leverage | 1:500 |
| Android App, Apple iOS App | Available |
| Time to open & approved an account | 1 day |
Pros
- Offers the CQG platform for futures and options trading.
- Fast and easy account opening.
- Free deposit and withdrawal.
- Spreads start from 0 pips.
- Any strategy is allowed.
- Protection against negative balance.
- Available in 41 languages.
Cons
- limited range of markets are available for trading.
- Outdated platform design and functions.
- The customer support works only 5 days a week.
- No cent account.
7. eToro
| Established | 2007 |
| Founder | Yoni Assia, Ronen Assia, David Ring |
| Headquarters | Tel Aviv, Israel |
| Regulation | Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), CySEC, FinCEN, FINRA, SIPC, DNB, FSA |
| Total Tradeable Symbols | 3,056 |
| Total Forex Pairs | 47 |
| Minimum Deposit | $50 |
| Demo Account | Available |
| Maximum Leverage | 1:30 (Retail), 1:400 (Professional) |
| Accepts U.S. Clients or Not | Yes. You can open an account at eToro if you live in United States |
| Inactivity fee charged | $10 monthly after 12 months of inactivity |
| Withdrawal fee amount | $5 per withdrawal |
| Products offered | Forex Pairs, Commodities, Exchange-traded funds (ETFs), Indices, Crypto Assets, Stocks |
| Trading platforms | Web Platform, Proprietary Platform |
| Android App, Apple iOS App | Available |
| MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader | Unavailable |
| Time to open & approved an account | 1 day |
| Islamic Account | Available |
| Don’t Accepts clients from | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| Deposit and Withdrawal Options | Credit Card, Debit Card, PayPal, Neteller, Skrill, RapidTransfer, iDEAL, Klarna/Sofort Banking, Bank Transfer, Online Banking – Trustly (EU), POLi |
Pros
- Best broker for social copy trading. Allows new traders to copy the strategies used by professionals.
- eToro is Regulated in numerous jurisdictions.
- eToro offers low forex and CFD fees.
- Virtual dummy account that gives you $100,000 to practice trades.
- Comprehensive educational resources.
- Easy Account Opening process.
Cons
- Stock, ETF, and cryptocurrency trading only available in 44 U.S. states.
- Margin trading not available to U.S. users.
- Inactivity fee.
- Charge withdrawal fee.
- Relatively high fees for all coins besides Bitcoin.
- Limited customer service.
8. Alpari
| Established | 1998 |
| Headquarters | St. Vincent and the Grenadines |
| Founder | Andrey Dashin |
| Regulation | Financial Services Commission |
| Total Forex Pairs | 48 |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Maximum Leverage | 1:1000 |
| Inactivity fee charged | Yes |
| Products offered | Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices |
| Trading platforms | MetaTrader 4 and MetaTrader 5 |
| Android App, Apple iOS App | Available |
| Supported Account Currencies | USD, GBP, NGN, and EUR |
| Islamic Account | Available |
| Don’t Accepts clients from | Georgia, Ukraine, Turkmenistan, Uzbekistan, Tajikistan, Moldova, Armenia, Kyrgyzstan, Kazakhstan, Belarus, Azerbaijan, Russia, the Democratic Republic of Korea, Suriname, Haiti, Japan, Canada, New Zealand, Mauritius, and the USA. |
| Deposit and Withdrawal Options | Debit cards, Credit cards, Bank transfer, FasaPay, Neteller, WebMoney, Bitcoin, Perfect Money, Skrill |
| Contests & Competition | Available |
Pros
- A reliable broker as Alpari is a member of NAFD
- Allows scalping
- Allows hedging.
- Caters to all types of traders.
- Offers forex trading signals from AutoChartist.
- A dedicated customer support team offers multilingual customer support.
- Four retail investor accounts to choose from, demo accounts, and Islamic accounts.
Cons
- Weak Education Section.
- Little to no research tools.
- Does not accept clients from the USA, Japan, Russia, and many more region.
- Alpari does not offer Fixed spreads.
9. FOREX.com
| Established | 1999 |
| Headquarters | US |
| Regulation | Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC). |
| Total Tradeable Symbols | 5500 |
| Total Forex Pairs | 91 |
| Minimum Deposit | $100.00 |
| Demo Account | Available |
| Maximum Leverage | 50:1 |
| Inactivity fee charged | $15 monthly after 12 months |
| Products offered | Forex, Spot Gold & Silver, CFDs: Indices, Shares, Cryptocurrencies, Commodities |
| Trading platforms | MetaTrader 4, MetaTrader 5 (MT5), Proprietary platform, Web Platform |
| cTrader | Not Available |
| Android App, Apple iOS App | Available |
| Account base currencies | EUR, GBP, USD, AUD, CHF,JPY |
| Islamic Account | No |
| Client Webinars, Beginner Trading Videos | Available |
| Accepts U.S. Clients or Not | Yes. You can open an account at Forex.com if you live in United States. |
| Time to open an account | 1-3 days |
| Social Trading / Copy-Trading | Not Available |
Pros
- FOREX.com’s parent company StoneX. Which makes forex.com more reliable to retail traders.
- FOREX.com achieved Best in Class (top 7) awards in two core categories for 2022.
- Free withdrawal.
- No deposit fee.
- User-friendly web trading platform.
- High-quality market reports are available.
Cons
- MetaTrader 5 is only available outside of the U.S.
- Problem with credit card withdrawal.
- Desktop trading platform is not user-friendly.
10. FXCC
| Established | 2010 |
| Headquarters | Cyprus |
| Regulation | CySEC, VFSC |
| Total Forex Pairs | 71 FX Pairs |
| Minimum Deposit | $100 |
| Minimum Withdrawal | 50 USD |
| Demo Account | Available |
| Maximum Leverage | 1:300 |
| Inactivity fee charged | $5 USD. If your accounts remain inactive for more than 120 days |
| Products offered | Forex, Crypto, Metals, Indices, Energies |
| Trading platforms | MetaTrader4 |
| cTrader | Unavailable |
| MetaTrader 5 (MT5) | Unavailable |
| Android App, Apple iOS App | Available |
| Account base currencies | USD, EUR, GBP |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Not Allowed |
| Accepts U.S. Clients or Not | FXCC Don’t Accept US clients |
| Payment Types Accepted | Credit/Debit Card, Bank Wire Transfer, Skrill, Union Pay, Neteller, Paymero, Crypto |
| Social Trading / Copy-Trading | Unavailable |
Pros
- No Commissions.
- VPS Available.
- Offers Deposit Bonus.
- FXCC offers Tight Spreads.
- STP order execution, no dealing desk.
Cons
- No MetaTrader 5.
- FXCC’s offshore entity is unregulated.
- Very few trading instruments.
- Limited educational and research materials.
11. IC Markets
| Established | 2007 |
| Headquarters | Australia |
| Regulation | ASIC (Australia), CySEC (Cyprus), FSA |
| Total Tradeable Symbols | 3583 |
| Total Forex Pairs | 61 |
| Minimum Deposit | $ 200 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:30 for ASIC & 1:500 for CySEC regulations |
| Inactivity fee charged | No |
| Products offered | Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies |
| Trading platforms | MetaTrader 4, MetaTrader 5, Desktop Platform (Windows), Web Platform |
| Autochartist | Available |
| cTrader | Available |
| Android App, Apple iOS App | Available |
| Account base currencies | AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD, HKD |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | IC Markets Doesn’t Accept US clients |
| Payment Types Accepted | Credit Card, Debit Card, Bank Transfer, Broker-To-Broker Transfer, PayPal, Skrill, Union Pay, Neteller, FasaPay, Poli, Rapid Pay, Klarna, Thai Internet Banking, Vietnamese Internet |
| Social Trading / Copy-Trading | Available |
Pros
- Low forex fees.
- Easy and fast account opening.
- Deposit and withdrawal are completely free.
- Several account base currencies.
- User-friendly Mobile trading platform.
- IC Markets is Parkingpip’s top-ranked MetaTrader broker in 2022.
- Automated trading and PAMM capabilities.
- Phenomenal Order Execution Speeds.
- Support For All Trading Strategies & Styles.
- Ultra-Tight Spreads & Low Commissions.
- No Fees For Deposits Or Withdrawals.
Cons
- Poor quality live chat support.
- No investor protection for non-EU clients.
- Not listed on stock exchange.
- Higher Minimum Deposit.
- Does Not Accept US Clients.
12. FxPro
| Established | 2006 |
| Founder | Denis Sukhotin |
| Headquarters | London, United Kingdom |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas) |
| Total Tradeable Symbols | 2175 |
| Total Forex Pairs | 70 |
| Minimum Deposit | $100 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:20 (FCA), 1:20 (CySEC), 1:200 (SCB) |
| Inactivity fee charged | $5 monthly fee after 6 months of inactivity |
| Products offered | Currencies, Commodities, Indices, Stocks, Futures, Crypto |
| Trading platforms | MetaTrader 4, MetaTrader 5, Desktop Platform (Windows), Web Platform |
| Autochartist | Unavailable |
| cTrader | Available |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Unavailable |
| Account base currencies | EUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | FxPro Doesn’t Accept US clients |
| Payment Types Accepted | PayPal, Skrill, Neteller, UnionPay |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Trading Desk Type | No dealing desk |
Pros
- FxPro is best for its cTrader platform.
- Provides fully-transparent execution methods.
- Superb account opening process.
- Great customer service.
- Free deposit and withdrawal.
- Transparent pricing.
Cons
- High trading fees for some stock CFDs.
- Inactivity fee.
- Weak educational platform.
13. Pepperstone
| Established | 2010 |
| Founder | Owen Kerr, Joe Davenport |
| Headquarters | Australia |
| Regulation | Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), DFSA, SCB, CMA, CySEC, BaFIN |
| Total Tradeable Symbols | 1200 |
| Total Forex Pairs | 62 |
| Minimum Deposit | $200 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | Retail leverage 200:1, Pro leverage 500:1 |
| Inactivity fee charged | $0 |
| Products offered | Forex, CFD, Crypto |
| Trading platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Desktop Platform (Windows), Web Platform |
| Proprietary Platform | Unavailable |
| Autochartist | Available |
| cTrader | Available |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Islamic Account | Available |
| Automated Trading | Available |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | Pepperstone Doesn’t Accept US clients |
| Payment Types Accepted | Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay PayPal, MPESA |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Trading Desk Type | No dealing desk |
Pros
- Copy traders & algorithmic traders find MetaTrader and cTrader as a great fit for their trading style.
- Pricing is competitive for active traders on Pepperstone’s Razor accounts.
- Low FX spreads.
- Offers protection for U.K. client accounts.
- Majority of clients belongs to a top-tier financial authority.
- Phone support.
- Live chat.
- No deposit fee on Deposit and withdrawal.
- Account opening is Fast & Fully digital.
Cons
- Does not accept U.S. clients.
- Limited account protection for non-U.K./E.U. clients.
- Not listed on stock exchange.
14. ICM Capital
| Established | 2009 |
| Headquarters | London, United Kingdom |
| Regulation | FCA (UK), FSA, FSCS, ARIF, CABs, QFC |
| Total Forex Pairs | 50+ |
| Minimum Deposit | $200 |
| Withdrawal fees | Vary on different payment methods |
| Demo Account | Available |
| Maximum Leverage | 1:30 Retail, 1:200 Professional |
| Inactivity fee charged | $0 |
| Products offered | Forex, CFDs, stocks, commodities, futures |
| Trading platforms | MetaTrader 4, Web |
| cTrader | Unavailable |
| MetaTrader 5 | Unavailable |
| Android App, Apple iOS App | Does not offer its own app, customers can trade from anywhere using the MT4 app, which is available for iOS and Android users |
| Account base currencies | USD, EUR, GBP |
| Islamic Account | Available |
| Automated Trading | Available |
| Accepts U.S. Clients or Not | ICM Capital Doesn’t Accept US clients |
| Payment Types Accepted | PayPal, Wire Transfer, Credit Card, Visa, Mastercard, Skrill, Neteller,UnionPay |
| Social Trading / Copy-Trading | Available |
Pros
- Segregated client funds.
- A reliable broker with ECN trading.
- Spreads are low.
Cons
- Deposit fees charged for all deposit methods except bank transfer.
- Limited variety of instruments.
- Not regulated by ASIC.
15. Fxcm
| Established | 1999 |
| Founder | Drew Niv |
| Headquarters | UK |
| Regulation | Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Investment Industry Regulatory Organization of Canada (IIROC), FSCA (South Africa) |
| Total Tradeable Symbols | 276 |
| Total Forex Pairs | 42 |
| Minimum Deposit | $50 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:30 |
| Inactivity fee charged | $50 per year after one year of inactivity |
| Products offered | Forex, Commodities CFDs, Cryptocurrency CFDs, Indices CFDs |
| Trading platforms | MetaTrader 4 (MT4), Proprietary Platform, Desktop Platform (Windows, Web Platform |
| Autochartist | Available |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, GBP, EUR, CHF, JPY, CAD, AUD, NZD, RUB |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | FXCM Doesn’t Accept US clients |
| Payment Types Accepted | Debit / Credit, Bank Wire, Skrill, Union Pay, Neteller,Crypto. |
| Social Trading / Copy-Trading | Available |
| ZuluTrade | Available |
| Time to open an account | 1 – 3 business day |
| Trading Desk Type | No Dealing Desk |
Pros
- Publishes detailed monthly execution reports highlighting slippage statistics.
- No withdrawal fee.
- Low minimum deposit.
- No deposit fee.
- Good variety of order types.
- User-friendly.
- Mobile trading platform.
- Active Trader account offers advanced API connectivity.
- ZuluTrade, NinjaTrader, MT4, and Trading Station all are available in FXCM.
- Support team is accessible via many modes of communication.
- Extensive educational resources.
Cons
- Inactivity fee after one year.
- High bank withdrawal fees.
- Does not accept clients from the U.S.
16. Nadex
| Established | 2004 |
| Founder | John Nafeh |
| Headquarters | USA |
| Regulation | CFTC (USA) |
| Deposit Bonus | $100 |
| Total Forex Pairs | 11 ( EUR/USD, USD/JPY, USD/CHF, AUD/USD, GBP/USD, EUR/GBP, USD/CAD, GBP/JPY, AUD/JPY, EUR/JPY, USD/MXN) |
| Minimum Deposit | $250 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:50 |
| Inactivity fee charged | If your account is inactive for twelve consecutive months, monthly, inactivity fee will be $10 |
| Products offered | Currency Pairs, Commodities, Metals, Indices, Stocks, Oil, Gold |
| Trading platforms | Nadex Platfrom, NadexGO |
| Autochartist | Unavailable |
| MT4, MT5 | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD |
| Islamic Account | Unavailable |
| Automated Trading | Unavailable |
| Accepts U.S. Clients or Not | Yes. Nadex Accepts US clients. Not only accepts but it is one of the best choice for US clients. |
| Payment Types Accepted | Debit card, Wire transfer, ACH transfer (US residents only), Paper check (US residents only) |
| Social Trading / Copy-Trading | Unavailable |
| Trading Desk Type | Market Maker |
| Supported Languages | English |
| Accepted Countries | Austria, British Virgin Islands, Belgium, Czech Republic, Cyprus, Denmark, Estonia, France, Finland, Gibraltar, Greece, Germany, Guernsey, Hungary, India, Isle of Man, Ireland, Israel, Italy, Jersey, Japan, Lithuania, Liechtenstein, Luxembourg, Malaysia, Norway, Netherlands New Zealand, Poland, Portugal, Slovenia, Slovakia, Spain, South Africa, South Korea Sweden, Switzerland, United States,United Kingdom |
Pros
- Operates as an exchange, not a broker.
- Open to U.S. clients.
- A good selection of educational content, including videos and webinars.
Cons
- No mobile app.
- High minimum deposit required.
- Traders find Nadex binary options a bit more complex.
17. XTB
| Established | 2002 |
| Headquarters | UK |
| Regulation | FCA, KNF, CySEC, and IFSC |
| Total Tradeable Symbols | 10000 |
| Total Forex Pairs | 49 |
| Minimum Deposit | $0 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:30 |
| Inactivity fee charged | €10 monthly after 12 months of inactivity |
| Products offered | Real stocks and ETFs (only for some European clients), CFD (forex, equity, indices, crypto, commodity) |
| Trading platforms | Proprietary Platform, Desktop Platform (Windows), Web Platform, MetaTrader 4 (MT4) |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | EUR, USD, GBP, CHF, JPY, AUD, NZD and CAD |
| Islamic Account | Available |
| Accepts U.S. Clients or Not | XTB Doesn’t Accept US clients |
| Payment Types Accepted | Credit Card, Debit Card, Bank Transfer, Neteller, PayPal, Skrill, Sofort |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Trading Desk Type | Market Maker |
Pros
- Low forex CFD fees.
- In some cases commission-free stocks/ETFs.
- Deposit and withdrawal process are very fast and free.
- Account opening process is easy and super fast.
- Lowest FX spreads.
- Offers protection for client accounts.
- Sound quality customer service.
Cons
- Inactivity fee charged.
- Does not accept U.S. clients.
- Non-FX spread costs are high.
18. City Index
| Established | 1983 |
| Founder | Chris Hales and Jonathan Sparke |
| Headquarters | UK |
| Regulation | CySEC, FCA, FSA |
| Total Tradeable Symbols | 12000 |
| Total Forex Pairs | 84 |
| Minimum Deposit | £100 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 30:1 |
| Inactivity fee charged | £12 per month after one year of inactivity |
| Products offered | Currency pairs, CFDs on stocks, indices, commodities, metals, cryptocurrencies |
| Trading platforms | Proprietary Platform, Desktop Platform (Windows), Web Platform |
| ZuluTrade | Unavailable |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| MetaTrader 5 (MT5) | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | EUR, GBP, USD, CHF, HUF, AUD, CHF, JPY, PLN |
| Islamic Account | Unavailable |
| Accepts U.S. Clients or Not | City Index Doesn’t Accept US clients |
| Payment Types Accepted | Debit card: Visa, MasterCard, Maestro and Electron, Credit card: Visa, MasterCard , PayPal , Bank transfer |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
Pros
- Free withdrawal.
- No deposit fee.
- Part of StoneX Group (NASDAQ: SNEX).
- The City Index mobile app balances advanced functionality with ease-of-use.
Cons
- Margin discounts restricted to professional accounts.
- Inactivity fee.
- City Index doesn’t yet offer MetaTrader 5.
19. TD Ameritrade
| Established | 1955 |
| Founder | Joe Ricketts |
| Headquarters | United States |
| Regulation | SEC, FINRA, CFTC,MAS |
| Minimum Deposit | $0 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 50:1 |
| Inactivity fee charged | $0 |
| Products offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, Crypto |
| Trading platforms | TD Ameritrade web and thinkorswim (desktop) |
| MetaTrader 4 (MT4) | Unavailable |
| MetaTrader 5 (MT5) | Unavailable |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Mobile app | TD Ameritrade mobile app, TDA thinkorswim app |
| iPhone App, Android App, Apple Watch App | Available |
| Account base currencies | USD |
| Islamic Account | Unavailable |
| Accepts U.S. Clients or Not | TD Ameritrade accepts US clients |
| Time to open an account | 1-3 days |
| Trading Desk Type | ECN/STP, Market Maker |
Pros
- World-class trading platforms.
- stocks, ETFs, futures, options all are available in TD Ameritrade.
- Extensive educational programming for beginner investors.
- Well designed web platform and mobile applications.
Cons
- Inexperienced traders find operating thinkorswim as problematic.
- Derivatives trading more costly than some competitors.
- Uninvested cash is not automatically swept into a money market fund.
20. FBS
| Established | 2009 |
| Headquarters | Cyprus |
| Regulation | CySEC, FSC, FSCA, ASIC |
| Minimum Deposit | $1 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | Cent Account:- 1000:1 Micro Account:- 3000:1 Standard Account:- 3000:1 Zero Spread Account:- 3000:1 ECN Account:- 500:1 Crypto Account:- 5:1 |
| Inactivity fee charged | $0 |
| Products offered | Forex, Metals, Indices, Energies, Forex Exotic, Stocks, Crypto |
| Trading platforms | MT4, MT5, FBS trader |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, EUR, BTC, LTC, ETH, DASH |
| Islamic Account | Available |
| Languages supported on Website | Deutsch, English, Español, Français, Italiano, Português |
| Accepts U.S. Clients or Not | FBS Doesn’t Accept US clients |
| Payment Types Accepted | Neteller; Sticpay; Skrill; Perfect Money |
| Sign up Bonus | $140 |
| Time to open an account | 1 day |
| Broker Type | STP/ECN |
Pros
- No inactivity fee.
- No withdrawal fee.
- Low minimum deposit.
- High leverage up to 1:3000 (for non-EU customers only).
- Super fast trade execution within 0.40 seconds.
- Low spreads and commissions.
Cons
- No investor protection for non-EU clients.
- Clients from the EU, the UK, and Australia have fewer account options than clients from other regions.
- No social trading is made available.
21. FP Markets
| Established | 2005 |
| Founder | Matthew Murphie |
| Headquarters | Australia |
| Regulation | Australian Securities & Investment Commission (ASIC), CySEC |
| Total Tradeable Symbols | 9790 |
| Total Forex Pairs | 63 |
| Minimum Deposit | $100 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 30:1 |
| Inactivity fee charged | $0 |
| Products offered | Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Bonds, Futures/Forwards, CFDs, Cryptocurrency |
| Trading platforms | IRESS, MT4, MT5 |
| Autochartist | Available |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | AUD, USD, GBP, EUR, CAD, CHF, HKD, SGD, NZD, JPY |
| Islamic Account | Available |
| Automated Trading | Allowed |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Credit/Debit Card, Bank Wire Transfer, PayPal, Skrill, Neteller |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Trading Desk Type | No Dealing Desk |
Pros
- Easy/fast account opening and funding.
- Low forex fees.
- Great education tools.
- Tight spreads.
- Well regulated.
- Good range of accounts.
- Great customer support.
Cons
- Outdated web and desktop platform.
22. FXDD
| Established | 2002 |
| Founder | |
| Headquarters | Malta |
| Regulation | FXDD Malta Limited – authorized by MFSA (Malta), FXDD Mauritius Ltd – authorized by FSC (Mauritius) |
| Total Forex Pairs | 67 |
| Minimum Deposit | 100$ |
| Demo Account | Available |
| Maximum Leverage | 200:1 |
| Inactivity fee charged | $30 monthly after 90 days |
| Products offered | Stocks, Commodities, Indices, Cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple |
| Trading platforms | MT4, MT5, FXDD WebTrader |
| Autochartist | Available |
| Bonuses, Promotions | Available |
| Android App, Apple iOS App | Available |
| Account base currencies | EUR, USD |
| Islamic Account | Available |
| Automated Trading | Allowed |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Credit Cards, Debit Cards, PayPal, ClickAndBuy, Bank Wire |
| Social Trading / Copy-Trading | Allowed |
| Type of Broker | Market-Maker Broker |
Pros
- No commissions on the standard account.
- Automated trading allowed.
- Negative balance protection policy.
Cons
- Not available to traders in the US.
- EU-client leverage restricted to 30:1.
23. MB trading
| Established | 1999 |
| Headquarters | United States of America |
| Regulation | FCA (UK), FINRA, SIPC |
| Total Forex Pairs | 30 |
| Minimum Deposit | $200 |
| Demo Account | Available |
| Maximum Leverage | 1:100 |
| Inactivity fee charged | $0 |
| Trading platforms | MetaTrader 4, Proprietary platform |
| cTrader | Unavailable |
| Support available in | Chinese, English, Spanish |
| Account base currencies | Canadian dollar, Euro, Great Britain pound Japanese yen, United States dollar |
| Islamic Account | Unavailable |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | Accept US traders |
| Payment Types Accepted | Check Credit/debit cards Wire transfer |
| Execution Type | ECN/STP |
| VPS offer | Free after trading 10 lots |
24. Axi
| Established | 2007 |
| Headquarters | Australia |
| Regulation | ASIC, FCA |
| Minimum Deposit | 0$ |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 30:1 |
| Inactivity fee charged | $0 |
| Products offered | Forex, CFD, Crypto |
| Trading platforms | MT4 (Desktop, Web, Mobile) |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Account base currencies | AUD, GBP, USD, EUR |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Credit/Debit Card, Bank Transfer, Skrill, Neteller |
| Social Trading / Copy-Trading | Allowed |
| Time to open an account | 1-3 days |
Pros
- No withdrawal/deposit fees.
- No minimum deposit.
- User-friendly interface.
- Lowest starting spreads for all account types.
Cons
- Limited research tools.
- Only forex and CFD trading.
- Slower account opening time.
- MT4 only, no MT5 or proprietary trading platform.
25. RoboForex
| Established | 2009 |
| Headquarters | Belize |
| Regulation | CySEC, FSC |
| Minimum Deposit | 10 USD |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:2000 |
| Inactivity fee charged | $0 |
| Products offered | Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
| Trading platforms | MT4, MT5, cTrader, RTrader |
| Bonus | Available |
| cTrader | Available |
| Android App, Apple iOS App | Available |
| Account base currencies | USD, EUR, RUB, CNY, GOLD, BTC |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Bank payments, AstroPay, Skrill, Neteller, Perfect Money, AdvCash, NganLuong Wallet, China UnionPay, VISA/MasterCard/JCB, Cash & Vouchers |
| Social Trading / Copy-Trading | Allowed |
| Time to open an account | 1 day |
| Contests | Available |
Pros
- Good range of account types.
- Minimum deposit.
- Highest affiliate payments: from $5 per lot.
- Unique investment program CopyFx.
- Instant withdrawal of funds.
- Excellent asset selection above 12,000 covering eight asset classes.
- High leverage.
- Generous bonus program.
Cons
- Lack of cryptocurrency tools when trading on the R Trader platform.
26. AvaTrade
| Established | 2006 |
| Founder | Emanuel Kronitz Negev Shekel Nosatzki |
| Headquarters | Dublin, Ireland |
| Regulation | Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI) – Ireland , Japanese Financial Services Authority (JFSA) |
| Total Tradeable Symbols | 1260 |
| Total Forex Pairs | 55 |
| Minimum Deposit | $100 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 400:1 |
| Inactivity fee charged | $50 per quarter after 3 months of inactivity |
| Products offered | Forex, Stocks, Commodities, Indices, FXOptions, ETFs, Bonds, Cryptocurrencies |
| Trading platforms | MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | GBP, USD, CHF, JPY, CAD, AUD, EUR |
| Islamic Account | Available |
| Automated Trading | Available |
| OCO Orders | Not Allowed |
| Accepts U.S. Clients or Not | AvaTrade Doesn’t Accept US clients |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Execution Type | Market Maker |
Pros
- Offers its proprietary platforms AvaTrade WebTrader and AvaTradeGO, with innovative features such as AvaProtect.
- Easy and fast account opening.
- Free deposit and withdrawal options.
- Low minimum deposit.
- Unique social trading features.
- Negative balance protection.
- Impressive educational offerings.
Cons
- High inactivity fees.
- Not regulated by FCA.
- Does not accept U.S. clients.
27. XM
| Established | 2009 |
| Founder | Costas Cleanthous, Ilias Mavrommatis |
| Headquarters | Cyprus |
| Regulation | Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA) |
| Total Forex Pairs | 57 |
| Minimum Deposit | 5$ |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:888 |
| Inactivity fee charged | If your account remains inactive for 90 days, you will need to pay $15 for a maintenance fee. Then if you still remain inactive, then you will need to pay $5 each month. |
| Products offered | Forex Trading; Stock CFDs; Commodities; Equity Indices; Precious Metals; Energies; Shares |
| Trading platforms | MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR & more |
| Islamic Account | Available |
| Automated Trading | Available |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | XM Doesn’t Accept US clients |
| Payment Types Accepted | Bank Wire Transfer, Local Bank Transfer, Credit/Debit Cards, Neteller, Skrill, and more. |
| Time to open an account | 1 Day |
| Broker Type | Market Maker |
| Free VPN Services | Available |
| VPS Hosting | Unavailable |
| MAM Account, PAMM Account, LAMM Account | Unavailable |
| Bonus | Available |
Pros
- Research content that includes daily videos, podcasts, and organized articles.
- TV-quality video content, and live recordings.
- Educational webinars, articles, and Tradepedia courses all are available.
- Low minimum deposit.
- High leverage.
- Wide variety of assets.
- Live chat and other accessible support in 30 languages.
- No commissions.
- Non-expiring demo account.
Cons
- Standard account spreads are not so tight.
- Inactivity fee.
- Withdrawal fee for bank.
- Funding with PayPal unavailable.
- No customer service during weekend hours.
28. CMTrading
| Established | 2011 |
| Headquarters | Johannesburg, South Africa |
| Regulation | FSA, FSCA |
| Total Forex Pairs | 50 |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Maximum Leverage | 1:200 |
| Inactivity fee charged | $15 USD After 3 months inactivity |
| Products offered | Currencies, Cryptocurrencies: (Bitcoin, Litecoin, Ethereum), CFDs: (Gold, Silver, Other) Precious Metals, Stocks, Stock Indexes, Oil, and Other Commodities |
| Trading platforms | Web-based Trading, MT4, Sirix |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Proprietary Platform, MT5 | Unavailable |
| Android App, Apple iOS App | Available |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Unavailable |
| PAMM Accounts | Unavailable |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Visa card, MasterCard, Bank Wire, OZOW, Skrill, Neteller, Mpesa, Local Mobile Money, Cryptocurrencies |
| Social Trading / Copy-Trading | Allowed |
| Hedging, Scalping | Allowed |
| Execution Type | ECN/STP, Market Maker |
Pros
- Choice of trading platforms for copy traders.
- Extensive educational resources.
- Great customer support.
- Provides traders with many trading tools.
- Different payment options for deposits and withdrawals.
- Fast process for opening an account.
Cons
- Limited asset selection.
- High minimum deposit.
- Not available to U.S. based traders.
- Expensive withdrawals.
- Does not offer Virtual Private Server (VPS).
29. Plus500
| Established | 2008 |
| Founder | Jacob Frenkel |
| Headquarters | United Kingdom |
| Regulation | Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), Financial Markets Authority (FMA) – New Zealand, and the Monetary Authority of Singapore (MAS) |
| Total Tradeable Symbols | 1896 |
| Total Forex Pairs | 71 |
| Minimum Deposit | €100 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:30 |
| Inactivity fee charged | USD 10 per month |
| Products offered | Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, Exchange-traded funds (ETFs) |
| Trading platforms | Plus500 WebTrader, Proprietary Platform, Web-based Trading |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| MetaTrader 4 (MT4) | Unavailable |
| MetaTrader 5 (MT5) | Unavailable |
| Desktop Platform (Windows) | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Unavailable |
| Account base currencies | USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD & more |
| Islamic Account | Available |
| Automated Trading | Not Allowed |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | MasterCard, Visa, Skrill, PayPal, Bank Fund Transfers |
| Social Trading / Copy-Trading | Unavailable |
| Time to open an account | 1 day |
| Broker Type | Market maker |
Pros
- Publicly trades on the London Stock Exchange (LSE: PLUS) and is part of the FTSE 250 Index.
- Plus500 web-based trading platform to be extremely user-friendly.
- Offers a good range of nearly 2,000 tradeable symbols.
- CFD option contracts are available on 24 popular symbols.
- Regulated by FCA (U.K.).
- Negative balance protection.
- Low real stock fees.
- No withdrawal fee.
- Inactivity fee applies only if you don’t log into the platform.
Cons
- Poor Customer support.
- Does not accept U.S. clients.
30. Oanda
| Established | 1996 |
| Headquarters | USA |
| Regulation | Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC) |
| Total Tradeable Symbols | 124 |
| Total Forex Pairs | 71 |
| Minimum Deposit | $0 |
| Withdrawal fees | $0 ( except bank transfer) |
| Demo Account | Available |
| Maximum Leverage | 50:1 |
| Inactivity fee charged | £10 per month after one year |
| Products offered | CFD, Forex, Crypto, Spreadbetting |
| Trading platforms | Proprietary Platform, Desktop Platform (Windows), Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Autochartist | Available |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF |
| Islamic Account | Unavailable |
| Automated Trading | Allowed |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | Oanda Accept US clients ( only for forex ) |
| Payment Types Accepted | Credit Card, JCB Card, Neteller, PayNow, Skrill, Swift, Wire Transfer |
| Social Trading / Copy-Trading | Available |
| Demo Competitions | Unavailable |
| VPS | Unavailable |
| PAMM Account | Available |
| MAM Account, LAMM Account | Unavailable |
| Time to open an account | 1-3 days |
| Trading Desk Type | No dealing desk |
Pros
- OANDA produces its own podcast series.
- Social copy trading is available via ZuluTrade.
- OANDA provides multiple options for algorithmic trading.
- Accepts U.S. clients.
- Regulated by FCA and NFA.
- No deposit fee.
Cons
- Traders cannot access cryptocurrencies or single-stock CFDs.
- High withdrawal fee for bank transfers.
31. FXTM
| Established | 2011 |
| Headquarters | Cyprus |
| Regulation | CySEC, FCA, FSCA |
| Minimum Deposit | $50 |
| Withdrawal fees | $3 |
| Demo Account | Available |
| Maximum Leverage | 1:30 |
| Inactivity fee charged | $5 monthly after six months inactivity |
| Products offered | 250+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices. |
| Trading platforms | Proprietary Platform, Web-based Trading, MT4, MT5 |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, EUR, GBP, CZK |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Available |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Bitcoin Payments, Credit Card, Google Pay, JCB Card, M-Pesa, Neteller, Perfect Money, QIWI, Skrill, UnionPay, Visa, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
| Trading Desk Type | Dealing desk and ECN execution |
Pros
- Superb customer service.
- Great educational tools.
- Digital and fast account opening.
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app.
Cons
- Inactivity and withdrawal fees.
- Average CFD fees.
- Limited choice of cryptocurrencies and commodities.
32. BlackBull Markets
| Established | 2014 |
| Headquarters | New Zealand |
| Regulation | FMA (New Zealand), FSA (Mauritius) |
| Total Tradeable Symbols | 23000 |
| Total Forex Pairs | 72 |
| Minimum Deposit | $50 |
| Withdrawal fees | $5 |
| Demo Account | Available |
| Maximum Leverage | 1:500 |
| Inactivity fee charged | $0 |
| Products offered | Forex, CFDs, indices, energies, metals, commodities |
| Trading platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Desktop Platform (Windows), Web Platform |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Unavailable |
| Islamic Account | Available |
| Automated Trading | Allowed |
| OCO Orders | Unavailable |
| Proprietary Platform | Unavailable |
| Accepts U.S. Clients or Not | Doesn’t Accept US clients |
| Payment Types Accepted | Credit Card, FasaPay, Mastercard, MoneyGram, Neteller, Skrill, UnionPay, Visa, Western Union |
| Social Trading / Copy-Trading | Available |
| Time to open an account | 1 day |
Pros
- Supports multiple third-party copy trading platforms, such as ZuluTrade and Myfxbook.
- TradingView web platform is available.
- No fee for deposit.
Cons
- Lacks tier-one regulatory licenses – including within the EU.
- Charges withdrawal fee.
- High minimum deposit for Prime Account.
33. Capital.com
| Established | 2016 |
| Founder | Viktor Prokopenya |
| Headquarters | United Kingdom |
| Regulation | Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Capital Com SV Investments Limited – authorized by CySEC (Cyprus) |
| Total Tradeable Symbols | 6,000+ |
| Total Forex Pairs | 138 |
| Minimum Deposit | $20 |
| Withdrawal fees | $0 |
| Demo Account | Available |
| Maximum Leverage | 1:30 |
| Inactivity fee charged | $0 |
| Products offered | Indices CFDs – 27, Forex CFDs – 138, Commodities CFDs – 37, Cryptocurrency CFDs – 200, Shares CFDs – 3293 |
| Trading platforms | MetaTrader 4, Proprietary platform, Web-based |
| Autochartist | Unavailable |
| cTrader | Unavailable |
| Android App, Apple iOS App | Available |
| Client Webinars, Advanced Trading Videos | Available |
| Account base currencies | USD, EUR, GBP, PLN |
| Islamic Account | Unavailable |
| Automated Trading | Allowed |
| OCO Orders | Unavailable |
| Accepts U.S. Clients or Not | Capital.com Doesn’t Accept US clients |
| Payment Types Accepted | Wire Transfer, Credit Card, Debit Card, Skrill, Neteller, UnionPay, Apple Pay, WorldPay, RBS, Trustly, GiroPay, iDeal, Multibanco, Przelewy24, Sofort, Qiwi, WebMoney, Asian online banking |
| Social Trading / Copy-Trading | Unavailable |
| Execution Type | Market Maker |
Pros
- Excellent email and chat support.
- Account opening experience is fast.
- High-quality educational articles and courses.
- Good variety of video content for market analysis is available.
- 0% commission & no hidden fees.
- Fast order execution.
- Non-expiring Free demo account.
- Low minimum deposit.
- AI technology-driven platform.
Cons
- Smaller account currencies not available.
- Only CFD, real stock, and spread betting (for UK clients) available.
- MetaTrader 5 is not available.
- Lacks additional licenses in tier one jurisdictions outside of the U.K. and Australia.
- MetaTrader 5 is not available.
- Does not accept US clients.
