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Top-Tier Regulated Brokers
Broker Regulation Min Deposit Rating
IronFX ASIC 417482
CySEC, 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
$100
Vantage FX ASIC, #ACN 140 903 886
Cayman Islands Monetary Authority, 1383491
FCA (UK) 501057
Vanuatu Financial Services Commission, 700271
$200
AvaTrade ASIC, 406668
Central Bank of Ireland, C53877
Financial Futures Association (Japan), 1574
Financial Services Regulatory Authority (Abu Dhabi), 190018
FSA (Japan), 1662
FSC (BVI), 2013-07-30
FSCA (South Africa), 45984
IS
$100
XTB CNMV (Spain), 40
Czech National Bank, 56720
FCA (UK), 522157
FSA (Poland), 0000217580
IFSC (Belize), IFSC/60/413/TS/19
$1
OANDA CFTC/NFA 0325821
FCA (UK), 54257
FSA (Japan), 1571
FSC (BVI), SIBA/L/20/1130
Kanto Local Finance Bureau (Japan), 2137
MFSA, 18.12.2020
$1
LiteForex

Rating


Spread
Variable
Regulation
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)
Min Deposit
$50
Established
2005


Interest rate on funds

Bonus offers

Trading contests

Affiliate program

Islamic accounts available

Payment

AdvCash
AliPay
Bitcoin
Bitcoin Cash
Credit/debit cards
Ethereum
Litecoin
Monero
Neteller
Perfect Money
QIWI
Skrill
Wallet One
WebMoney
Wire transfer
Yandex.Money

Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA). However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited (different from LiteForex European Limited which is regulated under CySEC).

Based on some traders' experience registering in LiteForex, the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA.

Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency. More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.

With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading. It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites.

ECN and Classic are the only account types offered by LiteForex. Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience.

Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders' Member Area.

On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.

More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite". However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders.

Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.

Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders.

To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.

Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.

But if we take a look at its long-standing as a comparatively experienced broker since 2005, it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage.

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Monex Investindo Futures

Rating


Spread
Variable
Regulation
BAPPEBTI
Min Deposit
$500
Established
2000



Compare Brokers

Compare brokers side by side to find the best one.

Broker Min Deposit Spread Commission Rating
Axi $1 Variable $7
Exness $1 Variable and Fixed $3.50
FBS $1 Variable and Fixed $6
FIBOGroup $1 Fixed and Variable $3
FXCM $1 Fixed $4
Exness

Rating


Spread
Variable and Fixed
Regulation
CySEC, 178/12
Min Deposit
$1
Established
2008


Trading contests

Free education

PAMM accounts

LAMM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Neteller
Perfect Money
Skrill
Tether (USDT)
WebMoney
Wire transfer

The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.

Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.

Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-Payment facility provided by Exness, the processing time is instant and goes straight into the account. This means that when traders make a withdrawal, everything happens automatically without human intervention.

The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.

Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.

Traders do not need to worry about transaction fees when depositing and withdrawing. When trading on Exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.

All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services.

Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.

Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.

One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.

Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.

Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.

When trading with Exness, profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' PCs unanticipatedly.

From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.

easyMarkets

Rating


Spread
Fixed
Regulation
ASIC, 246566
Min Deposit
$100
Established
2001


Interest rate on funds

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

BPAY
Credit/debit cards
FasaPay
giropay
iDEAL
Neteller
Skrill
SOFORT
UnionPay
WebMoney
Wire transfer

Since 2001, easyMarkets have been writing their stories in financial markets. Simple, Honest, and Transparent, become three values that are carried on easyMarkets. The company has tried to make the process of trading as simple as possible.

They rebranded from easy-forex to easyMarkets in 2016. Over the years, easyMarkets expanded their CFD offerings to include global indices, options, metals, forex, commodities, and cryptocurrencies. The company is licensed by CySEC and ASIC.

Another privilege when trading in easyMarkets is its own platform. easyMarkets platform is simple and versatile. Based on reviews from traders, it's friendly to new clients and hosts a lot of features for experienced traders. Clients also receive free guaranteed stop loss, no slippage, fixed spreads, and no funding or withdrawal fees from easyMarkets.

There are three uniques features in the platform. Firstly, dealCancellation gives traders the ability to "undo" their trade. easyMarkets is the only broker that offers a way to close trade before it reaches 60 minutes duration only with a small fee.

Furthermore, traders can enjoy the Inside Viewer. This tool gives traders a deeper understanding of market sentiment by showing them percentage of buying and selling executed in the platform. The third unique feature is Freeze Rate. traders can pause a rate and place their trade at the "frozen" rate using this tool.

easyMarkets also includes financial calendar, market news, trading charts, and trading signals as the platform's perks. They also offer the technology on the mobile interface via iOS and Android devices. Traders can access markets anywhere and at any time.

MetaTrader 4 is also provided by easyMarkets. When using this popular trading platform, traders will get negative balance protection and fixed spreads. Besides that, Vanilla Options is available in this broker.

Because of those innovations, easyMarkets is an award-winning broker, receiving Forex Broker 2019 by The Forex Expo-Dubai, Most Innovative Broker 2018 by World Finance Markets Awards, Best APAC Region Broker 2018 by ADVFN International Financial Awards, Most Transparent Broker 2017 by Forex-Awards, Best Forex Service Provider 2017 by FXWord China, and many more over the years.

Moreover, easyMarkets offers three account types, such as VIP Accounts, Premium Accounts, and Standard Accounts. All of them can be accessed by the Web/App and MT4 platform. easyMarkets provide maximum leverage at 1:200 when using easyMarkets Web/App platform, and maximum leverage of 1:400 when using MT4.

Fixed spreads start from 1.0 pips in forex trading. Traders can become easyMarkets VIP clients with some benefits, such as trading via telephone, access to the tightest fixed spreads, personal analyst, and real-time market updates via SMS.

Traders do not need to pay additional fees whethere it is for commission, account fees, or deposit withdrawal. Account currencies are available in 18 options including EUR, CAD, CZK, JPY, NZD, USD, SGD, and many more. The company offers multiple ways to deposit and withdraw funds, some of them are credit/debit cards, bank transfers, and a selection of eWallets like Neteller, Skrill, and Fasapay.

For any questions or assistance, traders can contact the company directly at one of their local offices or at their headquarters in the Marshall Islands. Besides, traders can chat with their customer service by email, Facebook, WhatsApp, Viber, and Live Chat.

Based on the review above, easyMarkets provides easy-to-use platforms with some unique tools and it can be accessed by traders anytime and anywhere. Besides, traders do not need to pay extra fees for trading commission and deposit/withdrawal fees. Traders who register in easyMarkets can enjoy low spreads in EUR/USD pairs from 0.9 in the MT4 platform.

FxPro

Rating


Website
fxpro.com
Spread
Variable and Fixed
Regulation
CySEC, 078/07
Min Deposit
$100
Established
2006


Free education

Personal manager

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
Wire transfer

Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.

FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.

They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.

The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.

They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.

Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.

Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.

If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.

Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.

The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.

Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.

Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro

Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.


FirewoodFX

Rating


Spread
Fixed
Regulation
-
Min Deposit
$10
Established
2014


Bonus offers

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Neteller
Perfect Money
Skrill
Tether (USDT)
UnionPay
Wire transfer



GKInvest

Rating


Spread
Fixed and Variable
Regulation
BAPPEBTI
Min Deposit
Established
2005




User Reviews
May 7 2021
Had a great time using LonghornFX so far, great crypto selection with good leverage, easy to navigate customer portal and...

Matthias Beer (AAFX Trading)
May 5 2021
I don't know where to start ... I'll start from the beginning. I've been trading Forex for 3 years. I...

TJ (EagleFX)
May 1 2021
Personally really like this broker, their support really helps you and you get your money the same day that you...
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Instruments Traded


Oil
AUDUSD
86%
14%
EURUSD
65%
35%
GBPUSD
83%
17%
NZDUSD
83%
17%
USDCAD
23%
77%
USDCHF
21%
79%
USDJPY
26%
74%
May 9 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXTM 0.2 0.6 0.2
FXCM 0.1 0.4 0.2
Pepperstone 0.4 1.3 0.4
Tickmill 0.0 0.3 0.1
Forex.com 1.3 1.9 1.3
FBS 9.5 9.9 3.5
Orbex 0.3 0.3 0.6
Exness 1.0 1.5 1.2
Dukascopy 0.3 0.8 0.3
ThinkMarkets 1.3 2.3 1.5
RoboForex 1.6 1.2 2.7
IC Markets 0.4 1.2 2.3
Axiory 0.1 0.4 0.2
XM 0.2 0.1 0.1
InstaForex 5.0 9.0 7.0
FP Markets 0.1 0.1 0.1
BDSwiss 11.2 18.7 7.2
FirewoodFX 1.0 2.0 1.0
IronFX 0.1 0.5 0.3
AvaTrade 0.9 1.6 1.2
OctaFX 0.7 0.9 1.3
Vantage FX 0.1 0.1 0.1
FxPro 0.4 0.5 0.5
May 9 2021
From Myfxbook
EUR / USD GBP / USD USD / JPY
Tickmill
Short -0.03 -0.28 -0.33
Long -0.49 -0.33 -0.17
ETX Capital
Short -0.44 -0.75 -0.66
Long -0.89 -0.80 -0.61
FBS
Short -0.07 -0.39 -0.43
Long -0.64 -0.43 -0.23
OANDA
Short 0.01 -0.09 -0.15
Long -0.06 0.01 0.09
Orbex
Short 0.13 -0.01 -0.11
Long -0.33 -0.04 0.04
Exness
Short - - -
Long - - -
ActivTrades
Short -0.01 -0.28 -0.34
Long -0.62 -0.41 -0.19
Dukascopy
Short 0.01 -0.22 -0.29
Long -0.41 -0.23 -0.17
RoboForex
Short -0.03 -0.40 -0.58
Long -0.80 -0.49 -0.11
IC Markets
Short -0.04 -0.28 -0.37
Long -0.53 -0.35 -0.15
InstaForex
Short -1.50 -2.90 -22.50
Long -6.30 -5.20 -7.70
HYCM
Short - - -
Long - - -
FP Markets
Short 0.02 -0.16 -0.32
Long -0.45 -0.32 -0.07
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short -0.11 -0.33 -0.35
Long -0.56 -0.36 -0.25
May 9 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 41 122 51
Tickmill 41 74 44
FBS 51 18 5
Dukascopy 67 52 41
ThinkMarkets 39 45 5
RoboForex 88 9 11
IC Markets 36 57 31
XM 67 65 44
InstaForex 4 3 3
BDSwiss 39 29 7
FirewoodFX 7 10 3
IronFX 32 54 37
May 9 2021
From Myfxbook
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Established: 1998

Min. Deposit: $100

Spread: Variable

Leverage: 1:500

Review Visit Windsor Brokers

Established: 2010

Min. Deposit: $100

Spread: Fixed

Leverage: 1:400

Review Visit Xtrade

Established: 2008

Min. Deposit: $200

Spread: Variable

Leverage: 1:500

Review Visit GOMarkets

Established: 2005

Min. Deposit: $100

Spread: Variable

Leverage: 1:500

Review Visit FP Markets