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Top-Tier Regulated Brokers
Broker Regulation Min Deposit Rating
FxPro CySEC, 078/07
DFSA (Dubai), F003333
FCA (UK) 509956
FSCA (South Africa), 45052
$100
easyMarkets ASIC 246566
CySEC, 079/07
FSA (Seychelles), 19.09.2020
$100
ThinkMarkets ASIC, 424700
FCA (UK), 629628
FSA (Japan), 19/02/2021
FSCA (South Africa), FSP No 49835
$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
BDSwiss BaFin, HRB 160749B
CFTC/NFA, 0486419
CySEC, 199/13
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
$100

Rating


Spread
Fixed
Regulation
DFSA (Dubai), 4
Min Deposit
$1000
Established
1996


Free education

Trading by telephone

Payment

Credit/debit cards
Wire transfer

As a leading Swiss banking group, Swissquote is considered one of the most well-known online financial and trading services providers. The company is listed on the SIX Swiss Exchange since May 2000, but their story originated back in 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).

Trading in SwissQuote guarantees a regulated environment, as the broker is licensed 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.

Opening an account in SwissQuote for forex trading is available in 3 different choices:

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

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 the 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 a medium deposit capability, 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 a member of 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.

Broker Finder

Follow the questions to find your destined broker



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
Ripple
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.

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

Rating


Spread
Fixed
Regulation
ASIC, 453554
Min Deposit
$10000
Established
1977


Free education

Segregated accounts

Managed accounts

Payment

BPAY
Check
Wire transfer

Interactive Brokers is a direct market access broker that provides execution, clearance, settlement, and prime brokerage for customers. Since it was found 41 years ago by Thomas Peterffy, the company has grown internally to become one of the premier securities firms with over $7 billion in equity capital.

First acknowledged as a popular broker for advanced traders, Interactive Brokers launched a second tier of service called IBKR Lite for more casual investors in 2019.

The IBKR Lite provides services on over 125 market destinations worldwide and gives direct access (online) trade execution and clearing services, both to institutional and professional traders for a wide variety of traded products including stocks, options, futures, forex, fixed income, and funds worldwide. Interactive Brokers Group and its affiliates execute over 859,000 trades per day.

Headquartered in Greenwich, Connecticut, Interactive Brokers has over 1,400 employees in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China, and Estonia companies. IBKR is regulated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Financial Conduct Authority (FCA), and is registered in the New York Stoch Exchange (NYSE).

Interactive Brokers offers a wide range of product-centered tools like the OptionTrader and Probability Lab for simplified single and complex multi-leg option trading; FXTrader for forex trading, Mutual Fund/ETF Replicator for helping traders find a lower cost on ETF alternatives, also fixed-income screeners for corporate and agency bonds. Overall, trading with Interactive Brokers would be provided with the most useful and updated tools to maximize trading and investing goals.

As a popular and regulated broker in the US, Interactive Brokers has won some awards. Recently, they were awarded by the Barrons as the 2019 Best Online Broker, which is categorized as the best broker for mobile, international, and frequent traders. Besides, they also won an award as Top Performing Broker by the Preqin Service Providers, and Best Overall Broker by Investopedia (Best for Low Costs, Best for International Trading, Best for Options Trading, Best for Day Trading, and Best for Penny Stocks). The awards are not only achieved during 2019. Since 2005, Interactive Brokers has won lots of awards regarding its best services for clients.

To optimize clients' trading speed and efficiency, Interactive Brokers provides some powerful suites of trading platforms. Below is the list:

  • Client Portal
    A one-stop destination to check quotes and place trades, see account balances, Profit and Loss, as well as key performance metrics, funding, and reporting.
  • Desktop TWS
    A flagship platform designed for active traders and investors who trade multiple products and require power and flexibility. Opening an account in Interactive Brokers and using this platform allows traders to utilize the most advanced algorithms and trading tools, as well as a library of tools and asset-based trading layouts for optimum customization.
  • IBKR TWS for Mobile
    The IBKR TWS for Mobile is made for traders who want to easily trade and monitor their IBKR account on-the-go from either iOS or Android device (tablet or smartphone).
  • IBoT
    IBoT is a robot for finding information and placing orders using clients' own words. IBot is available on TWS for Desktop, IBKR Mobile, and Client Portal.
  • IBKR WebTrader
    IBKR WebTrader is made for traders and investors who prefer a simplified interface.
  • IBKR APIs or IBKR Pro
    This trading platform is provided especially for traders and investors who want to write their trading software or automated trading programs; third-party software users.

Overall, Interactive Brokers has always been a great choice for those who want to find out a credible and regulated broker for trading. Offering lots of trading platforms, Interactive Brokers has committed to provide their best services for both novices and professionals, since it is suited to every clients' needs.

News Jun 11 2021 easyMarkets Launches Millibitcoins Account
News Jun 10 2021 eToro Gains Over 3 Million New Traders in Q1 2021

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.

Rating


Spread
Variable
Regulation
CySEC, 372/18
Min Deposit
$100
Established
2011


Interest rate on funds

Bonus offers

Trading contests

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Neteller
Skrill

OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.

Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).

For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.

OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.

There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.

Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD50. The currencies used on the account are US Dollars and Euros.

OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.

If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.

Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.

Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.

Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.

Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.

One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. OctaFX broker also provides contests on the cTrader platform, titled cTrader Weekly Demo Contest. As the name implies, this trading contest is held on a demo account for 1 week and uses cTrader as the platform.


Rating


Spread
Fixed
Regulation
FSA (St. Vincent & the Grenadines), IBC22945
Min Deposit
$1
Established
2007


Interest rate on funds

Bonus offers

Trading contests

PAMM accounts

Affiliate program

Islamic accounts available

Payment

AliPay
AstroPay
Bitcoin
Bitcoin Cash
Credit/debit cards
Dash
Dogecoin
Litecoin
Neteller
Ripple
Skrill
SOFORT
Tether (USDT)
UnionPay
Wire transfer

InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.

Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.

There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.

Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.

Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.

There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).

Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.

Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.

And then, there are around 300 trading instruments offered by InstaForex for traders . In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.

Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.

If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website , there are around 30 languages provided to facilitate traders from various countries.

The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.

The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.



Rating


Spread
Fixed
Regulation
ASIC, 491139
Min Deposit
$200
Established
2007


Trading contests

Free education

Personal manager

Segregated accounts

Affiliate program

Islamic accounts available

US traders are welcome

Payment

Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro , traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency , each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform , traders will also get notifications when a trader writes a new post and many other important updates.


Rating


Spread
Variable
Regulation
CySEC, 096/08
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

Credit/debit cards
giropay
Neteller
Skrill
UnionPay
Wire transfer

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. Trading in ETX Capital supports 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 specifications, opening an account in ETX Capital will be blessed 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 the 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 on 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.

User Reviews
Wick (RoboForex)
Jun 14 2021
Your company does not offer good service.

Alex KK (TriumphFX)
Jun 11 2021
I have been regularly withdrawing from TriumphFX and coincidentally, I just received a USD10,000 withdrawal to my Singapore DBS account...

Joe Reid (SimpleFX)
Jun 8 2021
Platform makes everything easy. They offer the lowest transfer fees available. When I had some problem support showed me the right...

All User Reviews  
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AUDUSD
86%
14%
EURUSD
65%
35%
GBPUSD
83%
17%
NZDUSD
83%
17%
USDCAD
23%
77%
USDCHF
21%
79%
USDJPY
26%
74%
Jun 14 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXTM 0.1 0.2 0.1
FXCM 0.2 0.3 0.2
Pepperstone 0.1 0.7 0.2
Tickmill 0.1 0.4 0.3
Forex.com 1.1 1.9 1.2
FBS 0.2 0.7 0.2
Orbex 0.4 0.5 0.4
Exness 0.0 0.0 0.0
Dukascopy 0.3 1.1 0.5
ThinkMarkets 1.4 2.0 1.5
RoboForex 0.4 0.8 0.4
IC Markets 0.1 0.5 0.1
Axiory 0.4 0.9 0.5
XM 0.2 0.8 0.1
InstaForex 3.0 3.0 3.0
FP Markets 0.1 0.5 0.1
BDSwiss 1.7 2.1 1.6
FirewoodFX 1.0 2.0 1.0
IronFX 0.1 0.5 0.3
AvaTrade 0.9 1.6 1.2
OctaFX 0.9 1.5 1.4
Vantage FX 0.1 0.7 0.1
FxPro 0.4 0.6 0.4
Jun 14 2021
From Myfxbook
EUR / USD GBP / USD USD / JPY
Tickmill
Short -0.04 -0.29 -0.35
Long -0.52 -0.34 -0.16
ETX Capital
Short -0.46 -0.80 -0.67
Long -0.87 -0.79 -0.58
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 0.14 -0.01 -0.10
Long -0.32 -0.03 0.04
Exness
Short 0.10 -0.12 -0.23
Long -0.39 -0.20 -0.04
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 0.09 -0.40 -0.58
Long -0.92 -0.49 -0.11
IC Markets
Short -0.04 -0.29 -0.38
Long -0.53 -0.35 -0.17
InstaForex
Short -1.50 -2.90 -22.50
Long -6.30 -5.20 -7.70
HYCM
Short -0.75 -0.75 -1.25
Long -1.25 -1.25 -0.75
FP Markets
Short 0.02 -0.22 -0.30
Long -0.45 -0.26 -0.11
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short - - -
Long - - -
Jun 14 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 54 50 61
Tickmill 27 19 48
FBS 34 4 29
Dukascopy 20 6 18
ThinkMarkets 14 7 31
RoboForex 28 41 38
IC Markets 17 9 38
XM 36 4 31
InstaForex 4 3 2
BDSwiss 23 8 29
FirewoodFX 2 2 6
IronFX 32 54 37
Jun 14 2021
From Myfxbook
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