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EasyMarkets Secured License From FSA Seychelles
| Broker | EUR / USD | GBP / USD | USD / JPY |
| FXCM | 4.5 | 11.8 | 4.3 |
| Tickmill | 5.8 | 13.9 | 4.9 |
| OctaFX | 3.6 | 9.8 | 5.2 |
| FBS | 2.0 | 11.5 | 4.8 |
| Dukascopy | 1.7 | 13.6 | 1.9 |
| ThinkMarkets | 10.3 | 15.0 | 7.5 |
| RoboForex | 0.4 | 2.6 | 0.4 |
| IC Markets | 4.7 | 12.7 | 3.5 |
| XM | 6.9 | 10.4 | 9.2 |
| InstaForex | 5.0 | 9.0 | 7.0 |
| BDSwiss | 5.4 | 14.8 | 4.7 |
| FirewoodFX | 1.0 | 2.0 | 1.0 |
| IronFX | 5.5 | 12.8 | 4.1 |
| EUR / USD | GBP / USD | USD / JPY | |
| FXCM | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| Tickmill | |||
| Short | -0.02 | -0.22 | -0.31 |
| Long | -0.46 | -0.31 | -0.12 |
| AxiTrader | |||
| Short | 0.13 | 0.00 | -0.23 |
| Long | -0.38 | -0.17 | 0.00 |
| ETX Capital | |||
| Short | -0.42 | -0.67 | -0.69 |
| Long | -0.86 | -0.78 | -0.50 |
| OctaFX | |||
| Short | -0.19 | -0.48 | -0.37 |
| Long | -0.21 | -0.28 | -0.11 |
| Forex.com | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| FxPro | |||
| Short | -0.06 | -0.34 | -0.33 |
| Long | -0.50 | -0.33 | -0.21 |
| FBS | |||
| Short | 0.02 | 0.10 | -0.60 |
| Long | -0.67 | -0.84 | -0.11 |
| OANDA | |||
| Short | 0.01 | -0.09 | -0.15 |
| Long | -0.06 | 0.01 | 0.09 |
| Orbex | |||
| Short | 0.09 | -0.07 | -0.34 |
| Long | -0.43 | -0.21 | 0.00 |
| Admiral Markets | |||
| Short | -0.01 | -0.28 | -0.70 |
| Long | -0.58 | -0.43 | -0.37 |
| Exness | |||
| Short | - | - | - |
| Long | - | - | - |
| ActivTrades | |||
| Short | -0.03 | -0.29 | -0.43 |
| Long | -0.49 | -0.35 | -0.14 |
| Dukascopy | |||
| Short | 0.02 | -0.20 | -0.30 |
| Long | -0.41 | -0.24 | -0.14 |
| ThinkMarkets | |||
| Short | 0.00 | -0.37 | -0.63 |
| Long | -0.58 | -0.47 | -0.16 |
| RoboForex | |||
| Short | 0.19 | -0.10 | -0.81 |
| Long | -0.76 | -0.41 | 0.02 |
| IC Markets | |||
| Short | -0.04 | -0.27 | -0.31 |
| Long | -0.43 | -0.31 | -0.16 |
| InstaForex | |||
| Short | -1.50 | -2.90 | -6.40 |
| Long | -6.30 | -5.20 | -1.70 |
| HYCM | |||
| Short | -0.75 | -0.75 | -1.25 |
| Long | -1.25 | -1.25 | -0.75 |
| FP Markets | |||
| Short | 0.01 | -0.11 | -0.27 |
| Long | -0.41 | -0.30 | -0.04 |
| Vantage FX | |||
| Short | 0.01 | 0.04 | -0.21 |
| Long | -0.43 | -0.12 | 0.05 |
| BDSwiss | |||
| Short | 0.20 | -0.07 | -1.08 |
| Long | -1.00 | -0.67 | 0.01 |
| XTB | |||
| Short | -0.11 | -0.30 | -0.35 |
| Long | -0.55 | -0.34 | -0.23 |
| FirewoodFX | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| Broker | EUR / USD | GBP / USD | USD / JPY |
| FXCM | 90 | 163 | 132 |
| Tickmill | 5 | 62 | 42 |
| OctaFX | 26 | 61 | 54 |
| FBS | 76 | 95 | 130 |
| Dukascopy | 114 | 109 | 161 |
| ThinkMarkets | 35 | 70 | 109 |
| RoboForex | 12 | 4 | 16 |
| IC Markets | 221 | 113 | 302 |
| XM | 50 | 116 | 123 |
| InstaForex | 5 | 25 | 8 |
| BDSwiss | 79 | 120 | 40 |
| FirewoodFX | 41 | 19 | 82 |
| IronFX | 129 | 104 | 134 |
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The Ultimate Guide of Trading with a Forex Broker
Oct 11 2017 Forex BrokerHere's the story of why you need a good and fair Forex broker, the middlemen of foreign exchange, the one that makes you come out as a winner.
How to Choose the Best Forex Broker
Feb 18 2014 Forex BrokerThere are specific criteria that need to be considered when choosing the best forex broker. From trading style to the client's agreement, here are some useful tips for determining the best broker for you.
Forex Broker Types: Which One Is Better For You?
Feb 6 2017 Forex BrokerForex broker types can be confusing at times. Your choice can either make or break you. If you want to be successful in your forex trading stories, you'll seriously need a good broker.
Best Forex Broker For Beginners
Apr 24 2015 Top Forex BrokersAlthough there may be numerous guides to choose a forex broker, confusions are inevitable because of the huge number of brokers operate internationally. So, what to look for in a forex broker for beginners?
Min Deposit $100
Established 1965
Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
PAMM accounts
LAMM accounts
MAM accounts
Segregated accounts
Managed accounts
Affiliate program
Islamic accounts available
Payment
Known as one of the leading online trading providers from the UK, ETX Capital has been offering CFD trading and spread betting services to both retail and institutional clients since 2007. The company behind ETX Capital, Monecor Ltd., went way back in 1965 as a company specializing in Mortgage Bonds. After expanding to Stocks and Derivatives, Monecor launched a retail derivative arm called TradIndex that was later rebranded as ETX Capital. ETX itself stands for Electronic Trading, Telephone Trading, and Execution Services.
As a UK-based broker, ETX Capital is licensed and fully authorized by the Financial Conduct Authority (FCA) to provide CFD trading and spread betting. It supports trading over 5,000 global markets across FX, Indices, Cryptos, Shares, and Commodities.
The technology behind ETX Capital is mainly presented in the form of its in-house trading platform named TraderPro. Different from its counterparts like MetaTrader, ETX TraderPro introduces advanced charting tools that include multiple chart types (candlestick, Heikin Ashi, and the Ichimoku Cloud), split charting tools, trade from the chart, technical indicators, and drawing tools, as well as dynamic risk management features. For ease of access, ETX Capital provides the mobile version of TraderPro that is available on Android and iOS platforms.
In 2018, ETX launched trading in several new Cryptocurrencies and won 2 awards for TraderPro: Best Trading Platform at the 2018 Online Personal Wealth Awards and Best Spread Betting Platform at the 2018 ADVFN Financial Awards, as well as Best Education at the 2018 Online Personal Wealth Awards.
In terms of trading specifications, ETX Capital allows trading with tight spreads starting from only 0.6 pips on EUR/USD and 0.9 pips on GBP/USD. Instant execution is applied to ensure the best trading experience for clients, while deposit and withdrawal process is made possible via various methods such as online bank transfer, credit or debit cards, and a range of e-payments including Skrill, Neteller, and UnionPay.
For bank transfer payment, clients can open accounts with a wide choice of base currencies that consists of GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, and AUD. Meanwhile, credit or debit card payment is more limited in base currency options, as it only provides the choices of GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK, and CHF as the base currency.
Interestingly, ETX Capital does not charge for deposits. Commissions for these particular payments are only from the card issuer or bank that each client uses. This broker also processes deposits instantly. The longest period of deposits is the ones made through bank transfer which can take up to only 2 working hours.
In conclusion, ETX Capital is one of the UK-based brokers with an excellent standing as the company has endured more than 40 decades in the financial market. ETX Capital innovates its technology through TradePro, but it still offers MT4 trading along with its proprietary platform. Information on trading conditions in its official website is quite limited, although the education is enriched with a wide range of materials; from online webinars, ebooks, platform guides, to educational articles.
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7 Top Price Action Traders
Min Deposit $100
Established 1998
Segregated accounts
Payment
Windsor Brokers is a European Forex broker headquartered in Cyprus and the UK. Founded in 1988, Windsor Brokers offers online trading to retail and corporate clients from over 80 countries. Windsor Brokers is regulated by the CySEC and the FCA (UK), along with a valid EU Forex license to operate in any part of the EU under the European Economic Area (EEA) agreement.
Windsor Brokers also has a branch established in Belize under the International Financial Services Commission. The CySEC supervises Windsor Brokers according to the policies implemented by the Markets in Financial Instruments Derivatives (MiFID).
As a popular forex broker, Windsor Brokers has been awarded as "The Best FX Technology" in 2014, presented during the 7th Saudi Money Expo & Conference 2014 held in Saudi Arabia. They were also voted as the winner of "The 2014 Business Excellence" award by the Cyprus International Businesses Association (CIBA). Windsor Brokers also won the "The Most Trusted Forex Broker" award at the Saudi Money Expo in 2015, "Broker of the Year" In 2017, and "Most Trusted Broker" award at the 12th annual Jordan Forex Expo and Awards (JFEX).
Those awards are reasonable given that Windsor Brokers always tries to provide a mobile-friendly website and client portal. The website is very simple, yet it keeps providing enriched education & research section as well. The education section is filled with many offerings, such as trading tools in the Trader’s Room, several types of calculators such as a pip calculator, Pivot Point Calculator, Fibonacci Calculator, and more.
Besides those features, Essential Daily Market reports and technical analysis are prepared daily by the experienced in-house analysts. The broker also offers free Webinars and Seminars to their clients. Live account holders can have exclusive access to Tutorial videos, Economic Calendar, Daily Newsletters, and full analysis for major market movers.
Traders can also improve their trading skills with in-depth tutorials about Fibonacci numbers, candlestick trading, and risk control as well as a full line of videos on different trading strategies for both novices and professional Forex traders.
Another special feature offered by Windsor Brokers is its various promotions for loyal clients, such as:
Prediction Contest
- Facebook contests run weekly and cover the most important market events of the week.
Guess the Score
- A match on which traders can cast their prediction to get over $30,000 in cash prizes.
Demo Contest
- A weekly demo trading with a $500 prize pool for three winners.
For the deposit and withdrawal method, Windsor Brokers offers a wide range of funding methods including credit cards, bank wires, Neteller, Skrill, and many other online payment methods. Withdrawals are made using the same method as deposit.
Clients may fund their trading accounts in any major currency, but the amount will be automatically converted to USD based on Windsor's payment provider's rate. If you have any problems while trading in this broker, Windsor Brokers support teams are accessible 24/5 and each request is treated immediately. Traders can contact them by phone, email, and live chat easily.
All in all, Windsor Brokers is a good choice for those looking for a regulated and popular broker in Europe. The website at Windsor Brokers is also a pleasure to navigate all the information needed by clients.
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| Broker | Min Deposit | Spread | Commission | |
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$1 | Variable | $7 | Read Review Visit Broker |
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$1 | Variable and Fixed | $3.50 | Read Review Visit Broker |
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$1 | Variable and Fixed | $6 | Read Review Visit Broker |
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$1 | Fixed and Variable | $3 | Read Review Visit Broker |
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$1 | Variable and Fixed | $4 | Read Review Visit Broker |
Min Deposit $10
Established 2011
Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Payment
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions, advanced education, and sophisticated trading tools in the forex industry
Now, FXTM is registered with the Financial Conduct Authority of the UK with number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company provides leverage until 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providersto provide the best bid and ask prices.
For beginner traders, FXTM provides an automatic trading facility called algorithmic trading. Traders can develop their trading strategy or adopt other traders' strategy. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they also provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
FXTM provides facilities in the form of education about the basic concepts of forex industry. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
Interest rate on funds
Bonus offers
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Requires sending documents via postal mail
Payment
Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second, strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage in the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit minimum starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. For trading volume, XM enables a condition similar to a Cent Account environment, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their account via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
XM also provides Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing trading service in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is also open to nearly all types of traders, from small capital traders to the more experienced ones with big deposit at the ready. Traders are even provided with Cent Trading environment should they choose to register under Micro Account.
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Min Deposit $10
Established 2009
Interest rate on funds
Bonus offers
Trading contests
MAM accounts
Affiliate program
Islamic accounts available
Payment
Notorious as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic trading service, RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.
Traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is the short description of each type of accounts in RoboForex:
Pro-Standard
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
ECN-Pro
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
Prime
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
Pro-Cent
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
R Trader
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite their status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
Interest rate on funds
Payment
Saxobank was founded in 1992 in Denmark, which began as a brokerage business. At present, they have penetrated the online banking and forex trading business internationally. The company is known as one of the best in the industry.
Their innovative platforms have been used by Microsoft's global institutions, Barclays Stockbrokers Ltd, and TD Waterhouse. The platforms include SaxoTraderGO, an award-winning trading platforms and is offered as Saxobank's flagship. Two other platforms are SaxoTraderPRO and SaxoInvestors. Each platform has advantages and functions.
SaxoTraderPRO is suitable for use by advanced traders and institutional clients, which trade faster via quick-close all features and view exchange order books and execution reports in real-time. On the other hand, Saxo TraderGO is a platform for retail traders. This type of platform offers easy portfolio management from a single account. For example, traders can get live and historic reports of net holdings.
As for Saxo Investors which is a user-friendly case-product platform tailored to retail investors, there are several advantages including browsing curated themes and pre-made screenings. Also, clients can choose between diversified investment portfolios. It is a responsive platform accessible from any device.
The Saxobank website accommodates the needs of international clients, with dozens of languages available on the Saxobank website. Besides English, there are also Japanese, Mandarin, French, Italian, Indonesian, and many more.
When clients choose Saxo, clients are choosing to trade with a fully regulated industry leader, who adheres to strict regulatory requirements in 15 financial centers around the world, including the UK, Singapore, Hong Kong, and Denmark.
Another advantage is traders have so many choices of instruments that can be traded on Saxo, covering 40,000 instruments across 184 forex pairs, 9,000 CFDs, 19,000 shares, 200 Stock options, 2,500 ETFs, Futures, Gold, Silver, and many more.
Since the company also serves as a bank, the speed of execution at Saxo can be guaranteed. However, some traders may feel that Saxobank is not suitable for individual trading, as the minimum capital is too large and the spreads and commissions are considered burdensome for so many clients. The spread which is charged by Saxobank for each pair is quite large, so it is not suitable for scalpers. Meanwhile, the commission that must be paid by traders to this broker starts from USD1.
Furthermore, Saxobank often stops trading for a few seconds before the release of important news and only activates it again after the news is released. This makes news traders do not have the best opportunity to act on Saxobank.
Actually, The deposit value can be adjusted according to the level of account chosen by the clients. There are three levels in Saxo Accounts, including Classic (minimum funding is 500 Pounds), Platinum (minimum funding is 50,000 Pounds), and VIP (minimum funding is 1,000,000 Pounds). Clients can use leverage 1:200 and a minimum lot of 0.05.
Traders are spoiled with various kinds of facilities provided by Saxobank. Each aaccount level has its own facilities offering that can be adjusted to the needs of traders. The higher the level, the more complete the facilities provided.
For example, traders who have VIP accounts will get personal relationship managers, and direct access to trading experts 24 hours. These facilities are not found when traders choose Classic and Platinum accounts.
For Corporate Clients, Saxobank provides 40,000 instruments, with 1: 1 support from expert account managers and the security that comes from their 25+ year experience.
If clients meet professional criteria, they can join Professional Accounts at Saxobank. The criteria in question include having a financial portfolio that exceeds around 500,000 Euros, having placed at least 20 relevant trades in significant sizes over the last four quarters, and having worked in the financial sector for at least one year.
Moreover, Saxobank provides more than 100 institutional specialists operating from offices in key financial centers, including Denmark, London, Singapore, Shanghai, Hong Kong, Switzerland, and Dubai. The client can choose the location closest to their area. With this kind of support, Saxobank is optimistic for delivering the right solution for the business of clients.
From the explanation above, it can be concluded that Saxo is more suitable for deep-pocket forex traders who are interested in forex trading as an investment portfolio. The broker's business focus is also more towards institutional clients rather than retail clients.
Min Deposit $1000
Established 1996
Free education
Trading by telephone
Payment
As a leading Swiss banking group, Swissquote is considered one of the most well-known online financial and trading services provider. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back to the 1990s, where Marc Bürki and Paolo Buzzi set up a business in financial software.
Swissquote's main vision is to enable private investors to access real-time prices free of charge. They follow a mission of "democratizing banking" by upholding the values of transparency, integrity, and unbiased information for the benefit of clients, in turn allowing them to make independent decisions.
Today, Swissquote is a global financial services provider with official branches in several major areas in the world like the European area, Middle Eastern, and Asian financial centers. From 2017 to 2018, it claims as the first online bank to offer crypto trading and participation in Initial Coin Offering (ICO).
SwissQuote is regulated in some of the most well-known jurisdictions in the financial industry, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) from the UK.
The broker also has local regulations for other branches in other jurisdictions such as the Malta Financial Services Authority (MFSA), the Dubai Financial Services Authority (DFSA), and the Securities & Futures Commission (SFC) from Hong Kong to enable non-EU traders to register under its account with regulated services.
SwissQuote is notable for its wide variety of trading instruments, such as 8,500+ stocks and more than 800 ETFs. Forex pairs, cryptocurrencies, government bonds, and a range of commodity CFDs are also provided to clients.
The company presents a special deposit protection scheme that amounts to CHF100,000 in the event of bankruptcy proceedings. Traders from other countries are offered many choices of base currencies like EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, and CZK.
For forex trading, SwissQuote offers 4 different types of accounts:
Standard
- Spreads: from 1.7 pips
- Commission: none
- Minimum deposit: $1,000
- Minimum trade: 0.01 lot
- Leverage: 1:100
Premium
- Spreads: from 1.4 pips
- Commission: none
- Minimum deposit: $10,000
- Minimum trade: 0.1 lot
- Leverage: 1:100
Prime
- Spreads: from 1.1 pips
- Commission: none
- Minimum deposit: $50,000
- Minimum trade: 1 lot
- Leverage: 1:100
Professional
- Spreads: customized
- Commission: bespoke pricing
- Minimum deposit: volume-based
- Minimum trade: customized
- Leverage: customized
Dubbed as the most popular account, Swissquote put Premium account as the recommended choice for forex traders, as it balances a competitive spread and affordable minimum deposit according to their standard.
For trading platform, traders can choose between MetaTrader or Sawissquote's proprietary product called Advanced Trader. To provide traders with the best experience in trading, the company also puts complementary analytical tools such as Autochartist and Trading Central signals.
For MetaTrader fans with a desire to trade in an advanced trading environment, Swissquote offers the MetaTrader Master Edition.
As the company is more suitable to experienced traders with medium deposit range, they do not have a complete educational package to offer to new traders. However, they arrange free webinars for everyone who would like to continually upgrade their trading knowledge. This program is managed by professional figures in the financial industry and is available in 4 languages: English, German, French, and Arabic.
All in all, Swissquote is an ideal broker for traders with enough experience to trade with more than $1,000 as their starting deposit. Its long-standing history and qualified background as one of the members in a Swiss banking group provide high credibility and a guaranteed trading environment that not many can offer.
However, it is also important to note that Swissquote does not offer various deposit and withdrawal methods, as they mainly focus on bank transfer and credit card payments that they revolutionized in 2018 by launching a multi-currency credit card.
Min Deposit
Established 2005
Withdrawal
Account Information
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Country
| Broker | EUR / USD | GBP / USD | USD / JPY |
| FXCM | 4.5 | 11.8 | 4.3 |
| Tickmill | 5.8 | 13.9 | 4.9 |
| OctaFX | 3.6 | 9.8 | 5.2 |
| FBS | 2.0 | 11.5 | 4.8 |
| Dukascopy | 1.7 | 13.6 | 1.9 |
| ThinkMarkets | 10.3 | 15.0 | 7.5 |
| RoboForex | 0.4 | 2.6 | 0.4 |
| IC Markets | 4.7 | 12.7 | 3.5 |
| XM | 6.9 | 10.4 | 9.2 |
| InstaForex | 5.0 | 9.0 | 7.0 |
| BDSwiss | 5.4 | 14.8 | 4.7 |
| FirewoodFX | 1.0 | 2.0 | 1.0 |
| IronFX | 5.5 | 12.8 | 4.1 |
| EUR / USD | GBP / USD | USD / JPY | |
| FXCM | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| Tickmill | |||
| Short | -0.02 | -0.22 | -0.31 |
| Long | -0.46 | -0.31 | -0.12 |
| AxiTrader | |||
| Short | 0.13 | 0.00 | -0.23 |
| Long | -0.38 | -0.17 | 0.00 |
| ETX Capital | |||
| Short | -0.42 | -0.67 | -0.69 |
| Long | -0.86 | -0.78 | -0.50 |
| OctaFX | |||
| Short | -0.19 | -0.48 | -0.37 |
| Long | -0.21 | -0.28 | -0.11 |
| Forex.com | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| FxPro | |||
| Short | -0.06 | -0.34 | -0.33 |
| Long | -0.50 | -0.33 | -0.21 |
| FBS | |||
| Short | 0.02 | 0.10 | -0.60 |
| Long | -0.67 | -0.84 | -0.11 |
| OANDA | |||
| Short | 0.01 | -0.09 | -0.15 |
| Long | -0.06 | 0.01 | 0.09 |
| Orbex | |||
| Short | 0.09 | -0.07 | -0.34 |
| Long | -0.43 | -0.21 | 0.00 |
| Admiral Markets | |||
| Short | -0.01 | -0.28 | -0.70 |
| Long | -0.58 | -0.43 | -0.37 |
| Exness | |||
| Short | - | - | - |
| Long | - | - | - |
| ActivTrades | |||
| Short | -0.03 | -0.29 | -0.43 |
| Long | -0.49 | -0.35 | -0.14 |
| Dukascopy | |||
| Short | 0.02 | -0.20 | -0.30 |
| Long | -0.41 | -0.24 | -0.14 |
| ThinkMarkets | |||
| Short | 0.00 | -0.37 | -0.63 |
| Long | -0.58 | -0.47 | -0.16 |
| RoboForex | |||
| Short | 0.19 | -0.10 | -0.81 |
| Long | -0.76 | -0.41 | 0.02 |
| IC Markets | |||
| Short | -0.04 | -0.27 | -0.31 |
| Long | -0.43 | -0.31 | -0.16 |
| InstaForex | |||
| Short | -1.50 | -2.90 | -6.40 |
| Long | -6.30 | -5.20 | -1.70 |
| HYCM | |||
| Short | -0.75 | -0.75 | -1.25 |
| Long | -1.25 | -1.25 | -0.75 |
| FP Markets | |||
| Short | 0.01 | -0.11 | -0.27 |
| Long | -0.41 | -0.30 | -0.04 |
| Vantage FX | |||
| Short | 0.01 | 0.04 | -0.21 |
| Long | -0.43 | -0.12 | 0.05 |
| BDSwiss | |||
| Short | 0.20 | -0.07 | -1.08 |
| Long | -1.00 | -0.67 | 0.01 |
| XTB | |||
| Short | -0.11 | -0.30 | -0.35 |
| Long | -0.55 | -0.34 | -0.23 |
| FirewoodFX | |||
| Short | 0.00 | 0.00 | 0.00 |
| Long | 0.00 | 0.00 | 0.00 |
| Broker | EUR / USD | GBP / USD | USD / JPY |
| FXCM | 90 | 163 | 132 |
| Tickmill | 5 | 62 | 42 |
| OctaFX | 26 | 61 | 54 |
| FBS | 76 | 95 | 130 |
| Dukascopy | 114 | 109 | 161 |
| ThinkMarkets | 35 | 70 | 109 |
| RoboForex | 12 | 4 | 16 |
| IC Markets | 221 | 113 | 302 |
| XM | 50 | 116 | 123 |
| InstaForex | 5 | 25 | 8 |
| BDSwiss | 79 | 120 | 40 |
| FirewoodFX | 41 | 19 | 82 |
| IronFX | 129 | 104 | 134 |
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