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Latest Reviews
Bradley (Juno Markets)
Oct 9 2020
Very easy and and straightforward trading platform and broker compare to other that I've used. Kudos Juno Markets and keep...

Skylar (Juno Markets)
Oct 8 2020
The staffs are very patient in guiding you in using their platform, and they have a free webinars on how...

Jedi90 (eToro)
Oct 8 2020
Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be...
AUDUSD
62%
38%
EURUSD
70%
30%
GBPUSD
53%
47%
NZDUSD
81%
19%
USDCAD
32%
68%
USDCHF
26%
74%
USDJPY
32%
68%
Oct 28 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 0.1 0.5 0.2
Tickmill 0.0 0.1 0.0
FBS 0.1 0.6 0.2
Exness 1.0 1.5 1.2
Dukascopy 0.3 0.9 0.3
ThinkMarkets 1.3 1.7 1.3
RoboForex 0.1 0.6 0.2
IC Markets 0.1 0.0 0.0
XM 0.2 0.2 0.4
InstaForex 3.0 3.0 3.0
BDSwiss 0.7 1.1 1.1
FirewoodFX 1.0 2.0 1.0
IronFX 0.4 0.7 0.4
Oct 28 2020
From Myfxbook
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 -0.21 -0.31
Long -0.47 -0.32 -0.13
ETX Capital
Short -0.40 -0.67 -0.69
Long -0.91 -0.79 -0.49
Forex.com
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
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 0.10 -0.06 -0.30
Long -0.46 -0.21 -0.03
Admiral Markets
Short -0.09 -0.33 -1.11
Long -0.90 -0.63 -0.37
Exness
Short 0.12 -0.10 -0.29
Long -0.38 -0.20 -0.03
ActivTrades
Short -0.03 -0.22 -0.39
Long -0.57 -0.43 -0.15
Dukascopy
Short 0.02 -0.21 -0.30
Long -0.42 -0.25 -0.14
ThinkMarkets
Short 0.00 -0.37 -0.63
Long -0.58 -0.47 -0.16
RoboForex
Short 0.05 -0.10 -0.81
Long -0.62 -0.41 0.02
IC Markets
Short -0.02 -0.18 -0.30
Long -0.43 -0.29 -0.13
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 0.04 -0.08 -0.28
Long -0.44 -0.24 -0.01
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short -0.10 -0.30 -0.35
Long -0.55 -0.35 -0.23
FirewoodFX
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
Oct 28 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 87 82 32
Tickmill 45 79 36
FBS 31 66 39
Exness 22 41 16
Dukascopy 72 108 38
ThinkMarkets 66 70 48
RoboForex 57 84 51
IC Markets 60 82 46
XM 36 73 36
InstaForex 1 7 1
BDSwiss 47 60 44
FirewoodFX 1 13 2
IronFX 64 90 41
Oct 28 2020
From Myfxbook
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Spread
Variable and Fixed
Regulation
ASIC, 28381

Min Deposit
$100
Established
2001


Bonus offers

Trading contests

Free education

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
iDEAL
Neteller
PayPal
Skrill
SOFORT
Wire transfer

Admiral Markets is a forex trading company offering worldwide service for clients around the world. In doing so, the company has branched into three main entities: Admiral Markets UK Ltd (registered in England and authorized by the Financial Conduct Authority), Admiral Markets Cyprus Ltd (authorized and regulated by the Cyprus Securities and Exchange Commission), and Admiral Markets Pty Ltd (holds an Australian Financial Services Licence to carry on financial services business in Australia).

Being regulated under the three most popular jurisdictions in the forex trading industry, Admiral Markets has been operating for 18 years and counting. The company offers four different accounts classified by the platform trading used. For MetaTrader 5, there is Admiral.MT5 and Admiral.Invest, while MetaTrader 4 allows clients to choose between Admiral.Markets and Admiral.Prime accounts.

Here is the more detailed information on all Admiral Markets' account types:

Admiral.MT5

  • Minimum deposit: $100
  • Leverage: Up to 1:30 for retail clients, up to 1:500 for pro clients
  • Spread: From 0.5 pips
  • Commissions: From 0.01 USD per share (for single share and ETF CFDs)
  • Execution type: Market execution

Admiral.Invest

  • Minimum deposit: $1
  • Leverage: None
  • Spread: From 0 pips
  • Commissions: From 0.01 USD per share (for stocks and ETF CFDs)
  • Execution type: Exchange execution

Admiral.Markets

  • Minimum deposit: $100
  • Leverage: Up to 1:30 for retail clients, up to 1:500 for pro clients
  • Spread: From 0.5 pips
  • Commissions: From 0.01 USD per share (for single share and ETF CFDs)
  • Execution type: Market execution

Admiral.Prime

  • Minimum deposit: $100
  • Leverage: Up to 1:30 for retail clients, up to 1:500 for pro clients
  • Spread: From 0.5 pips
  • Commissions: from 1.8 to 3.0 USD per 1.0 lots (for forex and metals)
  • Execution type: Market execution

Unlike many other well-regulated brokers, Admiral Markets is very thorough in providing trading specifications for clients. It is also generous in offering trading variations, as well as extra features like MetaTrader Supreme Edition Add-On, One-Click-Trading, Volatility Protection Settings, Market Depth (Level II Pricing), the ability to trade with Expert Advisors, and a handful of analytical features. Admiral Markets has partnered with Trading Central and Dow Jones Market News & Analysis to offer the best and most updated information for traders.

Trading instruments in Admiral Markets range from currencies, cryptocurrencies CFDs, spot metal CFDs, Spot Energy CFDs, index futures CFDs, cash index CFDs, stock CFDs, and bond CFDs. This broker accommodates a variety of base currencies for the trading account that includes EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, and RON.

For deposits and withdrawals, clients are provided with at least three types of payment methods to choose; bank transfer, credit cards, and e-payments. The majority of deposit methods enable instant payment, while the withdrawal process does not take more than 3 business days.

Admiral Markets is notable for its resources, both for analytics and education purposes. In addition to basic analytical features mentioned in the previous part, this company goes further by offering informational tools like Market Heat Map, Market Sentiment, and Cryptocurrency Bubble-O-Meter. Its initiative to equip its clients with well-prepared understanding is also shown in the way the education category is filled with in-depth articles, video tutorials, forex and CFD seminars, webinars, trader's glossary, zero to hero program, and forex 101 courses.

To conclude, Admiral Markets offers a complete package of education and live trading with advanced features. Its financial security is also guaranteed by its compliance with top regulators in the UK, Australia, and Cyprus.

Broker Finder

Follow the questions to find your destined broker

Spread
Variable
Regulation
ASIC, 424700

Min Deposit
$250
Established
2010


Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
BPAY
Credit/debit cards
Neteller
Skrill
UnionPay
Wire transfer

As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

Average FX spreads for standard account starts from 1.2 pips, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.

As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).

ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called Trade Interceptor.

The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.

As far as market updates go, ThinkMarkets uses FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.

All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation on trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd’s of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.

Compare Brokers

Compare brokers side by side to find the best one.

Broker Min Deposit Spread Commission Rating
Exness $1 Variable and Fixed $3.50
FBS $1 Variable and Fixed $6
FIBOGroup $1 Fixed and Variable $3
FXCM $1 Variable and Fixed $4
FXOpen $1 Variable $1.50
Spread
Variable
Regulation
AFM (Netherlands), 72346

Min Deposit
$100
Established
1998


Segregated accounts

Payment

Credit/debit cards
Neteller
Skrill
UnionPay
WebMoney
Wire transfer

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.

Spread
Fixed and Variable
Regulation
Banque de France, 73762

Min Deposit
$200
Established
2009


Trading contests

Free education

Personal manager

Trading by telephone

MAM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Neteller
Skrill
WebMoney
Wire transfer

Owned by Orbex Group Limited and is operated by Orbex Global Limited, Orbex provides foreign exchange and CFD online trading for traders worldwide. It is authorized and regulated by the Cyprus Securities and Exchange Commissions (CySEC) with License Number 124/10. As it resides in the European Union jurisdiction, Orbex is also registered with other supervisory authorities based on the MiFID Directive; it included UK's FCA and German's BaFin.

Orbex thrives to serve clients with the most updated innovations in the forex industry. The company commits to deploy active promotions and other special offers to traders. Envisioning itself as a global brand, Orbex makes efforts to enhance the trading experience with the best customer service, one-hour response time for sales and support requests, speed and reliability in trading, deep liquidity from Tier-1 banks, as well as swap-free accounts.

This broker presents excellent market trading conditions with various trading instruments such as 50 pairs of currencies and other assets like Precious Metals, Future Contracts (OTC), Equity Indices (OTC), CFDs, and Energy Contracts. Orbex generally offers a maximum leverage of 1:30, as per ESMA's regulation to limit the condition. However, it allows higher leverage up to 1:500 only for professional traders.

Further details on Orbex's trading conditions are divided by the account types' specifications below:

Fixed Account

  • Minimum deposit: $500
  • Spread: Fixed, 1.9 pips
  • Commission: None
  • Execution type: NDD
  • Extras: Monthly webinar, Trading Central, regular training sessions, free signals, basic education, VPS support.

Starter Account

  • Minimum deposit: $200
  • Spread: Variable, from 1.7 pips
  • Commission: None
  • Execution type: NDD
  • Extras: Monthly webinar, Trading Central, Scalping allowed, regular training sessions, free signals, basic education, EAs allowed.

Premium Account

  • Minimum deposit: $5,000
  • Spread: From 0 pips
  • Commission: $8
  • Execution type: NDD
  • Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 training sessions, premium signals, advanced education, VPS support, EAs allowed.

Ultimate Account

  • Minimum deposit: $25,000
  • Spread: From 0 pips
  • Commission: $5
  • Execution type: NDD
  • Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 session, ultimate signals, advanced education, VPS support, EAs allowed.

Orbex accommodates traders' needs for flexible trading anywhere and anytime, as their MetaTrader 4 is supported in not only PC screen, but also Android and iOS systems. However, this broker does not provide any alternatives for trading platforms aside from MetaTrader 4.

Besides the conventional bank transfer, account fundings and withdrawals are enabled via direct debit/credit cards, Skrill, NETELLER, WebMoney, FasaPay, and other digital wallets. There are no fees and all deposits and withdrawal methods, but there is an exception for bank withdrawals as there may be commissions from the intermediary and/or beneficiary bank.

Finally, it can be concluded that Orbex is a competitive broker for all types of traders. It covers beginners' conditions in Fixed and Starter Accounts while ensuring experienced traders' needs in Premium and Ultimate Accounts at the same time.

However, it is also important to note that Orbex is an offshore-based company even though the operation is already authorized by the CySEC. That's why new traders should maintain a minimum trading balance in their initial experience with Orbex.

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Website
www.xm.com
Spread
Variable
Regulation
ASIC, 443670

Min Deposit
$5
Established
2009


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

CashU
Credit/debit cards
FasaPay
giropay
iDEAL
Moneta.Ru
Neteller
paysafecard
QIWI
Skrill
SOFORT
UnionPay
WebMoney
Western Union
Wire transfer

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.

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
Yandex.Money

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. For example, the spread for Mini and Classic accounts is only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs for ECN 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 through 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 on 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 notorious for its maximum support on bot new and existing partners.

Website
www.ig.com
Spread
Variable
Regulation
CFTC/NFA, 0509630

Min Deposit
$1
Established
1974


Free education

US traders are welcome

Payment

Credit/debit cards
Wire transfer

IG Markets is an online trading provider with decades of experience in the financial market. Founded in 1974, the world-leading company has gathered more than 178,000 clients worldwide with over 16,000 markets reached as of 2019. IG Markets is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It is also important to note that being established since 1974 makes IG Markets one of the forefront online CFD brokers. Their service has expanded to 15 countries across five continents.

Aside from famous for its reliable experience, IG Markets is also notoriously known for its truly broad range of trading instruments. In fact, the broker has long been regarded as one of the most accomplished companies in offering the most trading assets to clients. The wide choice of instruments includes forex pairs, 26 indices, over 12,000 shares, hard and soft commodities, cryptocurrencies, as well as other markets such as bonds, rates, and options.

IG Markets offers two ways of forex trading: CFD and DMA (Direct). Here are the conditions for each type of trading:

Forex CFD

  • Minimum spread: 0.6 pips
  • Commission: None
  • Platforms: Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs
  • Trading size: Contracts
  • Demo account: Yes

Forex DMA

  • Minimum spread: No details
  • Commission: from $10 per $1 million traded
  • Platforms: Web, mobiles apps, L2 Dealer, terminals, and APIs
  • Trading size: Lots
  • Demo account: No

Both ways of trading are available for all clients. However, DMA does not enable trading in MetaTrader 4. Clients are also not allowed to trade in a demo account for virtual trading. It is essentially a type of trading reserved for experienced traders with high necessity of the best pricing in the market, as DMA offers market depth from a range of exchanges (including full market depth from the LSE).

Trading platforms in IG Markets are accessible via web, mobile app, and desktop. They are offered with 2 main varieties: Core Platforms and Specialist Platforms. The core platform is meant for all types of trading with the add-ons of DMA, ProRealTime access, and Forex Direct. Meanwhile, Specialist Platforms consist of L2 Dealer, ProRealTime, and MetaTrader 4.

The first two platforms charge fees that include minimum $2000 balance and monthly fees for shares data and level 2 prices (for L2 Dealer), as well as platform fees amounting to $40 per month and monthly fee for shares data (for ProRealTime).

IG Markets does not require a minimum balance to open an account. It also provides a swap-free account that frees clients for any interest, rollover, or swap charges on overnight positions. Yet, All costs and charges are built into the spread. This account suits well with long-term traders who need to keep their positions open for days or even weeks.

For beginners, IG Markets builds an IG Academy that gives interactive education and online trading courses. This way, clients can get a grip on the financial markets with the essentials of trading provided in infographics, video explainers, and end-of-course quizzes. Even better, the IG Academy is already integrated into its mobile app so clients can always learn about financial markets in much more efficient ways.

In conclusion, IG Markets is a clients-friendly broker with more than 40 years of experience to back up their credibility. Their efforts and commitments to provide the best varieties of trading platforms are proven in the unique Core and Specialist Platforms.

Traders with little experience can apply to Forex CFD account in either Core Platforms or MetaTrader 4, while professionals can achieve the best experience in the financial market with IG Market's DMA trading and L2 Dealer or ProRealTime platforms.

Spread
Fixed
Regulation
Cayman Islands Monetary Authority, 1442313

Min Deposit
$100
Established
1977


Islamic accounts available

Payment

Credit/debit cards
Neteller
Skrill
WebMoney
Wire transfer

Formerly known as HY Markets, HYCM is a forex broker headquartered in London, UK. First established in 1977, this broker now has been regulated by the FCA (Financial Conduct Authority), the UK’s trustworthy and reputable regulatory agency for more than 20 years. Besides, HYCM has also been regulated by other reputable agencies like CIMA (Cayman Islands Monetary Authority), CySEC (Cyprus Securities and Exchange Commission), and DFSA (Dubai Financial Services Authority).

Regulated by world-renowned financial regulators as well as represented globally in the United Kingdom, Hong Kong, Cyprus and Dubai, clients can rest assured they are trading with a solid and secure company that excels in delivering one of the best trading solutions.

As a part of Henyep Group, HYCM insists to provide wide access to various trading markets including currencies, stocks, and commodities. Besides, HYCM has accumulated a large collection of awards since its inception, including World Finance’s Best Mobile Trading Platform (2017) and Global Banking & Finance Review's Best Forex Broker, UAE (2017).

Its recognition as an industry leader has helped HYCM to be known as the best broker across the globe. With a long track record of its ability in providing an outstanding and trustworthy trading experience, HYCM offers clients everything they need to make well-informed trading decisions.

HYCM offers some excellent trading conditions for their clients, including great liquidity and low spreads, as well as delivering a super-efficient service. Those services are in line with their commitment to focus on fast execution and low-cost trading. Any trading conditions offered by HYCM is differed by the instruments being traded:

Forex

  • Spread: starts from 0.2 pips
  • Maximum Leverage: 1:30

Stocks

Spread: starts from 18 pips
Maximum Leverage: 1:5

Indices

  • Spread: starts from 2.0 pips
  • Maximum Leverage: 1:20

Commodities

  • Spread: starts from 3.0 pips
  • Maximum Leverage: 1:20

Since HYCM is intended to be a broker of most updated technology, they strive to stay ahead of industry trends by adopting the latest technologies to fulfill their clients' evolving needs. HYCM provides both MetaTrader 4 (MT4) and MetaTrader5 (MT5) trading platform, to assist traders from all skill levels, together with advanced technical analysis, flexible trading systems, and Expert Advisors, as well as mobile trading applications.

For those who are newbies to the forex field, HYCM has helped much by preparing lots of educational resources and comprehensive product offerings. There are some forex tutorials, trading strategies, forex ebooks, and beginners' courses. HYCM also provides some useful tools for their clients, including calculators, economic calendar, news, and market outlook. Those overall services are a good choice for investors of all kinds, from the beginners to the professionals.

Last but not least, HYCM also offers various convenient deposit and withdrawal methods through bank transfer, credit card, and e-payment (Neteller, Skrill). Although bank transfers can take up to 5 days to appear in the trading account, all other methods are instantly processed for immediate trading. Numerous currencies are accepted as base currency including US Dollar and Euro, as well as KWD (Kuwaiti Dinar), AED (United Arab Emirates Dirham), RMB (Chinese Yuan), and SAR (Saudi Riyal).

If you are looking for a reputable and trustworthy broker with whom to begin trading and invest your funds, HYCM is a good choice. As they are fully licensed and regulated, investors are guaranteed the security of their financial and personal details. The choice of user-friendly trading platforms makes HYCM a sensible selection for both novices and experienced traders.

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Instruments Traded


Oil
Latest Reviews
Bradley (Juno Markets)
Oct 9 2020
Very easy and and straightforward trading platform and broker compare to other that I've used. Kudos Juno Markets and keep...

Skylar (Juno Markets)
Oct 8 2020
The staffs are very patient in guiding you in using their platform, and they have a free webinars on how...

Jedi90 (eToro)
Oct 8 2020
Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be...
AUDUSD
62%
38%
EURUSD
70%
30%
GBPUSD
53%
47%
NZDUSD
81%
19%
USDCAD
32%
68%
USDCHF
26%
74%
USDJPY
32%
68%
Oct 28 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 0.1 0.5 0.2
Tickmill 0.0 0.1 0.0
FBS 0.1 0.6 0.2
Exness 1.0 1.5 1.2
Dukascopy 0.3 0.9 0.3
ThinkMarkets 1.3 1.7 1.3
RoboForex 0.1 0.6 0.2
IC Markets 0.1 0.0 0.0
XM 0.2 0.2 0.4
InstaForex 3.0 3.0 3.0
BDSwiss 0.7 1.1 1.1
FirewoodFX 1.0 2.0 1.0
IronFX 0.4 0.7 0.4
Oct 28 2020
From Myfxbook
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 -0.21 -0.31
Long -0.47 -0.32 -0.13
ETX Capital
Short -0.40 -0.67 -0.69
Long -0.91 -0.79 -0.49
Forex.com
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
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 0.10 -0.06 -0.30
Long -0.46 -0.21 -0.03
Admiral Markets
Short -0.09 -0.33 -1.11
Long -0.90 -0.63 -0.37
Exness
Short 0.12 -0.10 -0.29
Long -0.38 -0.20 -0.03
ActivTrades
Short -0.03 -0.22 -0.39
Long -0.57 -0.43 -0.15
Dukascopy
Short 0.02 -0.21 -0.30
Long -0.42 -0.25 -0.14
ThinkMarkets
Short 0.00 -0.37 -0.63
Long -0.58 -0.47 -0.16
RoboForex
Short 0.05 -0.10 -0.81
Long -0.62 -0.41 0.02
IC Markets
Short -0.02 -0.18 -0.30
Long -0.43 -0.29 -0.13
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 0.04 -0.08 -0.28
Long -0.44 -0.24 -0.01
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short -0.10 -0.30 -0.35
Long -0.55 -0.35 -0.23
FirewoodFX
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
Oct 28 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 87 82 32
Tickmill 45 79 36
FBS 31 66 39
Exness 22 41 16
Dukascopy 72 108 38
ThinkMarkets 66 70 48
RoboForex 57 84 51
IC Markets 60 82 46
XM 36 73 36
InstaForex 1 7 1
BDSwiss 47 60 44
FirewoodFX 1 13 2
IronFX 64 90 41
Oct 28 2020
From Myfxbook
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