GET THE BEST START IN FOREX
WITH THE BEST BROKER

Top-Tier Regulated Brokers
Broker Regulation Min Deposit Commission Rating
Orbex Banque de France, 73762
CNMV (Spain), 2894
CONSOB (Italy), 3148
CySEC, 124/10
FCA (UK) 553071
$200 $5
FP Markets ASIC 286354
CySEC, 371/18
$100 $3.50
Swissquote DFSA (Dubai), 4
FCA (UK), 562170
FINMA, 4
SFC (Hong Kong), 3
$1000
easyMarkets ASIC, 246566
CySEC, 079/07
FSA (Seychelles), 19.09.2020
$100
OANDA CFTC/NFA 0325821
FCA (UK), 54257
FSA (Japan), 1571
Kanto Local Finance Bureau (Japan), 2137
$1
Spread
Fixed
Regulation
ASIC, 417727

Min Deposit
$100
Established
2008


Bonus offers

Affiliate program

Payment

BPAY
Credit/debit cards
PayPal
Skrill
SOFORT
Wire transfer

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account's owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warning traders to consider their understanding on how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident when trading in Plus500. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 a be accessed with 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

Broker Finder

Follow the questions to find your destined broker

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.

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 and Fixed
Regulation
CySEC, 185/12

Min Deposit
$10
Established
2011


Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
DIXIPAY
FasaPay
Neteller
Perfect Money
QIWI
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

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.

Website
fxopen.com
Spread
Variable
Regulation
ASIC, 412871

Min Deposit
$1
Established
2003


Bonus offers

Trading contests

PAMM accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Apple Pay
Bitcoin
CashU
Credit/debit cards
DIXIPAY
FasaPay
IntellectMoney
Liqpay
Litecoin
Local bank transfer
Neteller
Payza
QIWI
RBK Money
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

FXOpen started its operation as an online trading provider for retail clients since 2005. The company was founded by a group of traders with a mission to provide services that refer to the interests of traders. FXOpen claimed to be one of the firsts to offer ECN trading via MetaTrader 4 (MT4). With FXOpen's unique proprietary price aggregating technology, their clients can benefit from the industry's most competitive spreads (from 0 pips) and low trading commissions.

In 2006, FXOpen also became the first broker to offer a micro account and a swap-free account. After that, they continue to be the pioneers of several new and high-tech services, including the first Crypto account that can provide trading facilities on 24 Cryptocurrency pairs such as Bitcoin, Litecoin, and Ethereum.

Furthermore, the company provides One Click Trading and Level 2 MT4 plug-ins, enabling traders to place trades with just one click of the mouse. Traders do not need to worry about trading security at FXOpen. They have registered in Nevis, the UK FCA, and ASIC Australia.

A variety of trading accounts are provided such as STP, Micro, ECN, and free unlimited demo accounts. The minimum deposit for each account depends on the account type; USD1 in Micro Account, USD10 in STP and Crypto Accounts, and USD100 in ECN Accounts. As for leverage, FXOpen offers up to 1:3 (for Crypto Accounts), and up to 1:500 (for Micro, STP, and ECN Accounts).

Besides, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. Both of these services allow anyone to copy the transactions of experienced traders. Thus, traders can replicate the results of professional traders' strategies.

The FXOpen PAMM Service allows copying trades from a Master account to one or more than one Follower account and automates the distribution of profits and losses. The Master operates personal capital through a PAMM account, and his trading strategy is replicated to the Follower's capital. The owner of the Follower account can view and analyze the performance of the PAMM account with the help of advanced analytics. There are 3 PAMM accounts in FXOpen, namely STP, ECN, and Crypto PAMM.

On ECN accounts, traders will get direct price quotes from leading liquidity providers, including Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JP Morgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, and UBS. This is one of the reasons why FXOpen's ECN account has become a trader favorite.

After seeing the various advantages offered by FXOpen, traders can easily register an account, simply by filling out the form in the registration menu on the FXOpen website. Traders will be asked to verify documents in advance if the trader will make a deposit or withdrawal of funds. Based on traders' experience and information since FXOpen was founded, there have not been any major complaints about payments (depositing or withdrawing funds) from clients.

Once registered with the FXOpen broker, traders also have the opportunity to get other benefits. One example is the FXOpen cashback program for the first 90 days from registration as a new client.The minimum cashback is USD5 and the maximum is USD1,000.

Furthermore, free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain equity of USD5,000 at the end of the month or trade with trading volume of USD10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.

Trading on FXOpen is made easier because traders can add insight into trading by entering contests. FXOpen Broker offers weekly and monthly trading contests on demo accounts through the ForexCup.com site. Traders can join competitions that are free of charge to hone their skills. If a trader wants a bigger challenge, there is also a trading contest on a real account.

The company also offers Forex partnership programs to traders, Forex brokers, and website owners who publish information about fiat and crypto-currency trading. There are 3 types of partnership levels, including Forex IB (Forex Agent) that attracts new clients to FXOpen using a referral (affiliate) link, Forex Rebate, and individual partnership conditions.

In Conclusion, FXOpen is a well-rounded forex brokerage for traders with a desire to try various trading instruments, a trading environment in ECN account, low minimum deposits, the best cryptocurrency trading condition, as well as interesting trading features like PAMM and demo contests.

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Spread
Variable
Regulation
BAPPEBTI

Min Deposit
$500
Established
2000



Spread
Fixed
Regulation
ASIC, 246566

Min Deposit
$100
Established
2001


Interest rate on funds

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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.

Spread
Variable
Regulation
CySEC, 093/08

Min Deposit
$50
Established
2005


Interest rate on funds

Bonus offers

Trading contests

Affiliate program

Islamic accounts available

Payment

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

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

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

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

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

Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of 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 for 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 for 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 of 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 LiteForex can be considered as one of those trusted offshore trading companies.

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Instruments Traded


Oil
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AUDUSD
84%
16%
EURUSD
85%
15%
GBPUSD
76%
24%
NZDUSD
78%
22%
USDCAD
20%
80%
USDCHF
16%
84%
USDJPY
29%
71%
Dec 4 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 0.1 0.2 0.1
Tickmill 0.0 0.3 0.0
FBS 0.1 0.6 0.3
Exness 1.0 1.5 1.2
Dukascopy 0.3 1.1 0.3
ThinkMarkets 1.3 1.7 1.3
RoboForex 0.1 0.6 0.3
IC Markets 0.0 0.1 0.1
XM 0.1 0.3 0.2
InstaForex 3.0 3.0 3.0
BDSwiss 0.7 1.2 1.2
FirewoodFX 1.0 2.0 1.0
IronFX 0.4 0.8 0.4
Dec 4 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 -0.24 -0.31
Long -0.48 -0.31 -0.12
ETX Capital
Short -0.46 -0.71 -0.69
Long -0.91 -0.81 -0.48
Forex.com
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
FBS
Short 0.06 -0.09 -0.26
Long -0.38 -0.21 -0.04
OANDA
Short 0.01 -0.09 -0.15
Long -0.06 0.01 0.09
Orbex
Short 0.13 0.00 -0.33
Long -0.52 -0.28 -0.01
Admiral Markets
Short -0.01 -0.27 -0.82
Long -0.72 -0.50 -0.28
Exness
Short 0.11 -0.11 -0.34
Long -0.40 -0.20 -0.04
ActivTrades
Short -0.03 -0.22 -0.39
Long -0.57 -0.43 -0.15
Dukascopy
Short 0.01 -0.22 -0.29
Long -0.41 -0.24 -0.14
ThinkMarkets
Short 0.00 -0.37 -0.63
Long -0.58 -0.47 -0.16
RoboForex
Short 0.05 -0.10 -0.81
Long -0.62 -0.41 0.02
IC Markets
Short 0.01 -0.21 -0.35
Long -0.49 -0.36 -0.12
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 0.07 -0.09 -0.26
Long -0.43 -0.27 -0.05
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short -0.11 -0.31 -0.35
Long -0.55 -0.35 -0.23
FirewoodFX
Short 0.00 0.00 0.00
Long 0.00 0.00 0.00
Dec 4 2020
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 164 120 44
Tickmill 70 80 33
FBS 115 58 19
Exness 42 35 9
Dukascopy 172 89 26
ThinkMarkets 73 62 45
RoboForex 156 94 33
IC Markets 102 103 23
XM 121 62 20
InstaForex 6 2 1
BDSwiss 97 71 26
FirewoodFX 6 15 6
IronFX 123 120 36
Dec 4 2020
From Myfxbook
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