It is not easy to profit by scalping. That is why you need the best forex broker to support your scalping strategy.

Scalping is a trading method where a trader will attempt to open positions frequently, where each position is small in size and only last for a few moments in order to earn small, stacked up profits. With that in mind, a scalper may subject himself to many advantages and disadvantages associated with trading terms and conditions.

best

Forex broker usually provides trading facilites for its clients based on several specific criteria, which may or may not suit the need of a scalper. If you are a scalper or want to trade by scalping, here are some things that you need to take note:

 

1. Allowing Scalping Methods.

In practice, opening and closing trades repeatedly in high frequency will eat up server resources. That's why, not every broker allows scalping due to limited server capacity, especially on high seasons where trading volumes can be hectic. Alternatively, you can simply look for any broker that explicitly allows scalping practices.

 

2. Fair Market Quotation

Due to the nature of scalping, every single pip matters. In that case, requotes and slippage can be your worst nightmare.

You need to make sure that your broker provide fair market quotations (price listing). Such broker usually uses NDD (non-dealing desk) or ECN (Electronic communication network) model with no requotes and fairly acceptable slippages.

 

3. Regulated

No one wants to do scalping with a cheating bucket-shop broker. They can manipulate trades and drains your account's equity. Conversely, a broker under strict regulation will be required to follow the rules applied by its regulator. Therefore, a scalper need regulated broker.

The safest way you can do is by checking the broker's regulatory status. Every jurisdiction has its own regulator, such as CFTC and NFA in the US, FCA in the UK, ASIC for Australia, and so on. Just like broker, some regulator are well-regarded in the industry by applying bonafide monitoring, while some other are considered less favorable. Make sure you know your broker's regulatory status and the quality of services it guarantees.

 

4. Providing High Leverage

Scalping can be demanding when it comes to profitability, because each small trade may turn in either profit or loss. In order to increase profit gains, scalper may engage in higher risk to boost their reward. Therefore, they'll use higher leverage.

Even so, high leverage can either lead to ecstatic winning streaks or self-defeating series of losses. Always be wary whenever you're trying to employ any strategy involving higher bets than you can actually chew. Read our guides on how much leverage from brokers you should use for better understanding.

 

5. Low Spread

Spread is simply the cost that every scalper has to take into account every time they open a position. Imagine a case where a scalping method employs more than one or even hundreds of positions at a time. In that regard, the total cost may be higher than potential gains.

With that said, the low spread is mandatory for scalping. Needless to say, avoid trading in illiquid assets (crosses, commodities, and futures) or illiquid situations (news trading) due to the high floating spread gap.

See also: Forex Brokers with the Lowest Spread on Major Pairs

 

List Of Best Forex Brokers For Scalping

1. Exness

This CySec-regulated broker (license:178/1) comes with many advantages, including leverage up to 1:2,000 and floating spread from 0.0 pip for their ECN accounts. In short, Exness is one among few brokers suited for scalping. Additionally, there's no trading restriction for EAs and scalping strategies.

 
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.

 

2. IC Markets

IC Markets is an ASIC-regulated broker  (license 335692) that provides ECN account with leverage up to 1:500 and floating spread from 0.0 pip. Also, there is no trading restriction; hedging and EAs are welcomed.

 
Spread
Variable
Regulation
ASIC, ACN 123 289 109

Min Deposit
$200
Established
2007


Interest rate on funds

Free education

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Payment

Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction is provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian based traders are registered under IC Markets SEY that is based in Seychelles and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

Deposit minimum in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

IC Markets provides the above-mentioned trading features in three different Account Types:

cTrader Account

  • Minimum deposit: $200
  • Minimum trading volume: 0.01 lot
  • Spread: from 0.0 pips
  • Leverage: up to 1:500
  • Commission: $6.0 per lot round-turn
  • Server location: London
  • Islamic Account: Yes

Raw Spread Account

  • Minimum deposit: $200
  • Minimum trading volume: 0.01 lot
  • Spread: from 0.0 pips
  • Leverage: up to 1:500
  • Commission: $6.0 per lot round-turn
  • Server location: New York
  • Islamic Account: Yes

Standard Account

  • Minimum deposit: $200
  • Minimum trading volume: 0.01 lot
  • Spread: from 1.0 pips
  • Leverage: up to 1:500
  • Commission: None
  • Server location: New York
  • Islamic Account: Yes

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

3. Pepperstone

Pepperstone is also an ASIC-regulated broker that offers standard STP account with leverage up to 1:500 and floating spread from 1 pip. No trading restriction regarding hedging and EAs as well. Furthermore, Pepperstone accepts various currencies for deposit, including USD, EUR, GBP, CHF, JPY, AUD, CAD, NZD, SGD and HKD.

 
Spread
Variable
Regulation
ASIC, 223682

Min Deposit
$200
Established
2010


Free education

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

BPAY
Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
Wire transfer

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, traders do not need to worry about the safety of funds at Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Traders in Pepperstone can also choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you are in a beginner trader category, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

 

4. ThinkMarkets

ThinkMarkets is regulated by both ASIC and FCA, some of the most bonafide regulator in the world. It provides NDD accounts with 0.01 spread and leverages up to 1:500. Like other aforementioned brokers above, Thinkmarkets is fully compliant with every scalping strategy. Plus, trading signal by Autochartist is available.

 
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.

 

5. FXTM

FXTM is regulated by CySEC Cyprus. Scalping is only allowed on ECN accounts, whereas it is prohibited on standard accounts. Most importantly, FXTM offers floating spread from 0 or from 0.5 depending on ECN account type and leverage up to 1:500.

 
Spread
Variable and Fixed and
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.

 

6. Hirose UK

Hirose obtained regulation from FCA as Hirose Financial UK Limited (license no. 540244). This broker promotes their cutting-edge made-in-Japan technologies with their no-requote STP accounts. Scalping is clearly allowed and supported with leverage up to 1:300 and low spread from 0.7 pip (for USD/JPY).

 

7. FXPro

FXPro offers fair trading under regulation of FCA and CySec. Scalping is fully allowed and supported with floating spread from 0 pip and leverage up to 1:500. Additionally, FXPro also offers multiple trading terminals, such as; MT4, MT5 and cTrader.

 
Spread
Variable and Fixed
Regulation
CySEC, 078/07

Min Deposit
$100
Established
2006


Free education

Personal manager

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
Wire transfer

Ever since establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK. FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by the CySEC since 2007 and the FSCA since 2015.

Because of that, traders do not need to worry again about their fund's safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.

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

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

They are committed to creating a dynamic environment that equips traders with all the necessary tools for their trading experience. FxPro offers more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.

The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing. Furthermore, FxPro is recognized as an innovative broker.

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

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

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

Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'.

FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.

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

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

Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit starting from $500 for all types of accounts. Also, there are not many types of payment and withdrawal methods available at FxPro.

Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro

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

 

8. FXCM

It comes to no surprise that this world class broker also supports scalping. FXCM grants leverage up to 1:400 and floating spread from 1.3 pip.

 
Spread
Variable and Fixed
Regulation
ASIC, 309763

Min Deposit
$1
Established
1999


Interest rate on funds

Free education

Trading by telephone

PAMM accounts

LAMM accounts

Segregated accounts

Managed accounts

Requires sending documents via postal mail

Payment

Credit/debit cards
Neteller
Skrill
Wire transfer

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

In providing services for clients, FXCM puts great importance on enhanced trading execution supported by the Liquidity providers' stream pricing through the FastMatch Electronic Communication Network.

FXCM works with several global banks, financial institutions, and other market makers as their Liquidity providers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank, and Jefferies Financial Services.

This, in turn, enables FXCM to present its clients with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop/limit restrictions, and up to 89% of orders are executed at the requested price or better.

For the trading platform, FXCM is remarkably known for its proprietary product called Trading Station. The latest version of this platform's web display is claimed to be built in Mac Friendly HTML5. It features a range of trading appliances such as integrated news, economic calendar, FXCM's top trading tools, social trading functionalities through FXCM Cloud, customized trading analytics, automated strategies, and advanced charting for better analysis. For flexible traders who prefer trading on-the-go, FXCM has also provided Trading Station in mobile version, both for iOS and Android users.

However, the company's in-house platform is not the only option presented for clients. FXCM also gives the choice to use MetaTrader 4 for clients who are more familiar with the MetaQuote's product. Also, ZuluTrade access is enabled for clients with keen interests in copy trading schemes that transcends across brokers.

Instead of classifying account types based on minimum deposits, FXCM chooses to offer trading accounts based on the instruments traded. For FX traders, this broker provides Active Trader and Institutional accounts.

Active Trader is the ultimate account type for retail traders with two-tier pricing. Tier 1 applies a minimum deposit of $25,000 with a $30 commission for 1 million volumes traded, while Tier 2 has no detail on deposit requirement but gives better fee conditions. Spreads in both tiers start from 0.2 pips.

Institutional account, also known as FXCM Pro, is marketed as a wholesale execution and liquidity solutions for retail brokers, hedge funds, and emerging market banks. The account presents trading spreads from 0.1 pips and other competitive benefits like API solutions as well as prime brokerage services.

For non-FX traders, FXCM provides a CFD trading account with low spread costs from 0.37 pips (in XAU/USD) and a wide range of class assets from precious metals, soft commodities, and indices.

Last but not least, FXCM presents a collection of in-depth articles to help traders' knowledge and insights on the forex market. Trading tools like FXCM Plus, Market Scanner, Trading Signals, and Technical Levels are also developed to support traders' analysis.

In conclusion, FXCM is an experienced retail broker with a lot of "ammunition" to help traders with its best version of execution, pricing, and tools. It is a well-regulated broker backed with a long history in the financial market, even though it has a dark history in the United States' brokerage industry.

Still, the relatively high standard on minimum deposit ($25,000) puts FXCM as a broker suitable for experienced traders with good money management. It is not recommended for new traders with limited capital.

 

9. Orbex

Orbex supports scalpers with leverage up to 1:300 and spread as low as 0.6 for their ECN accounts. Furthermore, this broker is regulated by CySEC.

 
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.

 

10. FXOpen

FXOpen grants leverage from 1:100 to 1:500 and floating spread starting from 0 pips. That makes them one among best brokers for scalping. Also, if you like some form of competition, FXOpen provide trading contests periodically.

 
Website
fxopen.com
Spread
Variable and
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.

 

From all of the choices above, which one is the most ideal for you? Find out the answer easily from the comparison below:

 
Feature Exness IC Markets ThinkMarkets

Rating

General Rating 4.16/5
4.23/5
4.09/5
Trustpilot 4.6/5
4.7/5
4.1/5

General Information

Office(s) Cyprus, Seychelles, United Kingdom Australia, Hong Kong, Viet Nam Australia, United Kingdom
Regulation CySEC, 178/12
FCA (UK), 730729
FSA (Seychelles), SD025
ASIC, ACN 123 289 109
ASIC, 424700
FCA (UK), 629628
FSCA (South Africa), 06.03.2019
Established 2008 2007 2010
Minimum Deposit $1 $200 $250
Maximum Leverage 1:2000 1:500 1:500
Spread Fixed Variable Variable
Commissions $3.50 $3.50 $3.50
Minimum Position 0.01 lot 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney, Wire transfer, Yandex.Money Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay, Wire transfer Bitcoin, BPAY, Credit/debit cards, Neteller, Skrill, UnionPay, Wire transfer

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Futures
Oil
Binary options
Agriculture
Metals
Energies
Soft commodities
Options
Bonds
ETF

Customer Support

Website Languages Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese Chinese, English, Japanese, Russian Arabic, English, German, Greek, Indonesian, Malay, Spanish, Vietnamese
Email Support
Call Support
Chat Support

User Reviews

YuNa

Jul 27 2020

They keep getting better every year, so I decided to re-activate my account. The support helped me a great deal for it


Alex Joann

Jul 27 2020

My mentor suggested Exness when I was still new. They really help me to grow my account and never give any significant problem during my learning phase. Thanks Exness


Clara91

Jul 27 2020

I only want to trade in a reliable broker, and for me, exness has what it takes to be a reliable broker


John Wallace P

Jul 27 2020

Used to trade in another broker and everything was difficult. I never feel similar diificulties from Exness. Keep up the good work!


nickycloud

Jul 27 2020

I registered based on my friend's recommendations.

So far so good. I can see why many traders favor this broker


Jenny AD

Jul 27 2020

Quick withdrawal and I got what I need in their trading signals. Good app for mobile phone too

Make it easier for me to trade everywhere


McPherson

Jul 27 2020

Very nice broker! They have a good principle to avoid ambiguous bonus programs. Very desirable for safe trading


Harry Andrews

Jul 20 2020

My withdrawal was delayed for two days even though the balance got immediately reduced. Fortunately, it didn't happen every time. The other day I requested a withdrawal and the process only took 5-10 minutes.


Chow Pax

Jul 20 2020

They claim to have 0 spreads, but the reality doesn't say so. I never see the 0 spreads, BTC/USD even has 400+ pips spread. I can't choose which one is more preferable so oftentimes I'm constrained to 2-3 pairs with 10-15/20 pips spread.


Win72fx

Jul 20 2020

I heard a lot of complaints about withdrawal, but Exness rarely has it. In my opinion, this is where a forex broker's quality is really determined. As long as the problem is kept to a minimum, it can be safely said that the broker is quite recommended. No need for A-Z promotions, withdrawal quality says it all!!


bangbang52

Jul 20 2020

I always have positive experiences with Exness. There are a lot of benefits for IBs


Ryanserie

Jul 20 2020

I have traded with this broker for several months. Though I doubted it in the beginning due to my painful experience with several other brokers when dealing with fund withdrawal, I'm amazed that Exness turns out to have auto deposit/withdrawal.

As for the payment methods, there are many choices for deposit while withdrawal method is only internet banking. So far it's not a problem for me as the process can be done in  a few minutes. I'm not advertising but I truly enjoy trading with this broker.


Ok Oc

Jul 20 2020

I used to trade in this broker because of its competitive trading conditions. I gradually left Exness because it can't keep up to offer attractive promotions.


Marais El

Jul 20 2020

I recommend moderate leverage from 1:200 - to 1:500. Avoid high leverage at all costs.

Exness is a good broker as they're able to give 1:3000 leverage but always warn their clients should they want to try it.


Jonah rule

Jul 20 2020

The Stop Loss didn't work. My account got MC because of it.


Leon

Jul 20 2020

The first time I tried to withdraw from this broker I immediately feel wronged. They said the payment process using FasaPay is instant, but it actually needed 3-5 business days. Where is the instant withdrawal that they claim to be capable of providing with? I'm beginning to doubt this broker


Bona Gann

Jul 20 2020

Dear Exness,

Please don't complicate my withdrawal process. I have been trading with you since 2011, but lately, I'm always feel cheated as my withdrawal requests are always rejected for some abstract reasons. Here are the instances.

1. My withdrawal is usually confirmed by email but suddenly it's changed to be via phone, which makes it difficult for me during the switchover. the case was cleared but it psychologically troubled me a great deal.

2. I ordered a withdrawal via FasaPay for $350 and my balance at that time was $1044. When I choose the currency, there was a notification indicating that I my balance was not enough. I was made to totally unable of withdrawing my fund. The case was cleared but I haven't succeeded in withdrawing my fund.

3. Lastly, all of my payments are via FasaPay, but I was once denied of withdrawal process because I supposedly use BTC to deposit. Wth?? I didn't even have a BTC account.


Forex young

Jul 20 2020

I've been trading only in Exness for 3 years. Other brokers are not good for a scalper like me due to the many restrictions. I can enjoy my profit in this broker and focus on trading for a living, not aiming to become a billionaire.

Exness' cons usually appear when there are news releases. It'll be very difficult to enter a trade and sometimes the MT4 can freeze. Recently there is a leverage warning every time important news are about to appear. There will be adjustment to margin requirements and the leverage can shrink to 1:200. Is it because the Exness team is also trading and they don't want to lose?


Mike Falon

Jul 20 2020

My friends and I have been trading with Exness (mini account, dp/wd via fasapay) with no problems and satisfying conditions. We can optimize the broker's feature to our capabilities, and that's saying something. Loss and profit come and go, even margin call is a normal occurrence. We consider them as precious experiences to rebound from.


Jarwo JK

Jul 20 2020

Ever since I found this broker I feel it's the best. FasaPay withdrawal is instant despite the maximum limitation for transfer amount per transaction. The support is quite responsive as well as the ib commission. Unlimited leverage is also great for snipers with small capital.


Mr Artie

Jul 20 2020

I admit that Exness spreads tend to widen significantly during news releases. Slippage is also a risk but which broker doesn't have it? Aside from the disadvantages, Exness cent account is preferable.

As long as you don't trade the news, everything is good.


Agys Rb17

Jul 20 2020

Average spreads in other brokers' cent account range from 1.3 to 2 pips. Exness has lower spreads that can get below 1 pip with the average spread only 1 pip.


John Juniors

Jul 20 2020

I quite like this broker especially for its mini and cent accounts. When I was still a beginner I got margin call so I tried other brokers. My comparison results in all of those brokers' real accounts proved that Exness' cent account is pretty good.

Still, I can't quite choose Exness as my only one broker since there's no local bank deposit/withdrawal and fixed rate... Wish they can provide them sometimes in the future... ?


Bill Nielson

Jul 20 2020

Update from my previous predicament,

Exness has given back my money, and as a fair responsibility, I wrote here again about their good feedback. Imo it is the only broker willing to really compensate their client.


Bill Nielson

Jul 20 2020

I was disappointed after the DDoS attack incident. My account's profit went positive before it changed so suddenly that it triggered margin call. When I asked to clarify it the broker said that it could be compromised. I had sent my MetaTrader's log file and followed their instruction to wait for 3 days.

Every time I ask about my loss to this day they always ask for more time. If they can compensate for my loss I'll salute them. Otherwise, I'll spread this unfairness everywhere


Zahir SQW

Jul 20 2020

ATTENTION!!!

Traders with more than 3 years experience in this broker, please be careful especially if your account collects big profit regularly.

This broker will disconnect your account oftentimes!!!

The only solution is to have a backup for the internet connection. You need to quickly change your ISP when your account is forced to disconnect for more than 5 minutes.

I met a lot of problems like this. One example is when I got $20,xxx profit, and my account was disconnected for more than 3 hours. They sent an email to inform me that there had been a DDoS attack. I changed ISP quickly and the problem was immediately solved. At that time my profit has decreased to $3,xxx

 

Side Notes:

I had tested my internet speed and there was no problem whatsoever.

I closed all my positions and withdrew all funds, never look back again.

This broker was long known to cheat traders with big profits. Some of my friends can attest to that.

 

Another side note:

Bonus promotion and spreads are deceiving. When the price is volatile the spreads could widen extremely.


Shane

Jul 20 2020

I've been unable to connect to my real account for two days. So disappointing since Exness never gave me any trouble before. The live support ignored my complaints so I can't do anything....


Will Daniels

Jul 20 2020

In my opinion, Exness is quite attractive as the account types range from Cent to ECN. The leverage is also very accommodating to all types of traders.


Ronald Sd

Jul 20 2020

This broker's not good for scalpers and news traders....

I keep getting requoted which resulted in my positions being executed in unfavorable prices....

If you like to trade the news don't choose this broker


Danny A Pearson

Jul 20 2020

This broker may fix some things, but what made me stop trading with them is the spread. Even the spreads in the ECN account is not favorable compared to other brokers' spreads. The service is not bad, the trading condition leaves a lot to be desired. If only Exness has zero fixed spread, I will reconsider my decision. But this broker is unfortunately not innovative enough.


Sandy Marteen

Jul 20 2020

I no longer trust this broker. I deposited a large sum of money but it's never credited to my account.


Astafx

Jul 20 2020

Never run into any problem during withdrawal, either for small or big fund, everything goes smoothly


Stephen Faraday

Jul 20 2020

I withdrew 5 times from Exness and all the proceedings went instantly without any trouble.


Opie Brotha

Jul 20 2020

From the time I learned to trade to the time I'm finally able to trade independently, withdraw my fund regularly, and gain profit consistently, I haven't met any problem. This is a recommendation from my mentor...


Ines

Jul 20 2020

I enjoy trading in this broker. It's been 1 year


Arzd Playr

Jul 20 2020

Exness is the only broker that I'm loyal to. I can use many platforms in this broker.


Romy

Jul 20 2020

I use two brokers and one of them is Exness. Both have pros and cons but overall, I have no doubt in their safety. I haven't managed to withdraw my fund but so far I'm quite satisfied.


Maya Santini

Jul 20 2020

I didn't quite trust this broker initially, but I saw that they keep improving.


Eve Paige

Jul 20 2020

This broker is not bad. I doubt it in the beginning, but the service is getting better. I've been trading in Exness for one year and feel the change. From the new regulation, support language, and the most important of all: the Analysis in my account. It's SUPERB!

I'm currently educating myself to trade with indicators. It will be better if Exness allows automatic trading.


Reyno

Jul 20 2020

After googling for some time I decided to pick this broker. I've been with Exness for 3 months, and so far so good. The registration process and other proceedings went smoothly. It hasn't been fully tested, but I hope everything goes well to the withdrawal process


Liam Addington

Jul 24 2020

It's been a month using ICMarket demo, and I compared it with other brokers, relatively smaller commissions and spreads. hopefully it's the same as with the Real Account ... thank U ICMarket, keep Good Service ...


Garret Ng

Jul 24 2020

It's been 10 times to register a live account at icmarket.com but there's no confirmation via email too ... even though it's been 2 days :(


Sarah Michaelson

Jul 24 2020

Recommended for those looking for ECN brokers, regulated & affordable deposits


Nadeem Juliano

Jul 24 2020

Just check on icmarkets.com, the commission is quite affordable, the max is 3.50 USD / lot. It's reasonable since the minimal deposit is quite high.  If compared to other brokers, trading cost in icmarkets relatively cheap cz I've seen an ECN account that commissions like 20 USD / lot.


Pedro Vienna

Jul 24 2020

IC Markets real ECN broker. Can be checked from the quality of the regulation, also the platform can use cTrader who can access directly to the market.


Janeta

Jul 24 2020

IC Markets Brokers are really great, the spreads are very good ... starting from 0.0 for ECN accounts ... depo and WD smoothly ...


Salman

Sep 11 2020

I have an issue with my account and trading platform. Then after contacted their support, not waiting for a long time, my problem is solved. Such a good work.


Gigi M

Sep 11 2020

They have been very good to me. I started trading with ThinkMarkets because they were the only broker who offered cryptocurrencies trading but now I am also trading FX and Metals. Very convenient to have everything in one place.


S. Peter

Sep 11 2020

I have been trading with Think Markets.
The account opening process with Think was pretty straightforward and depositing funds was easy. I tested withdrawing some funds so that I could trust their processes and these were returned to me within 24 hours which boosted my confidence in Think.
Customer Service is great but there was a little confusion re Cyrpto Currencies at the end of last year hence i'm not at this stage going to give 4 stars but they seem to have now wrinkled out any product offering issues.
Trading reliability is good with pretty accurate order fills and reliable systems.
Product range could be greater but there is enough to keep me busy at this stage.


Reneer S

Sep 11 2020

Fast withdrawals and good execution. Platform always up in news etc. They are super.


Maynakas

Sep 11 2020

I was encouraged to share my opinion as the last reviewer has some issue with withdrawal as well so I feel not alone with the issue.
If you want to practice on small amount and not expected to win this shop is right for you, but if you go big and profitable find another one. This is not for profitable players.


Lily Allen

Sep 13 2020

Opened an account to trade stock CFDs, i thought they must have had a promotion on as they do not charge any commissions what so ever for trading stocks. I did contact one of their reps and they confirmed that commission free on stocks was here to stay. It's great, i can trade as little or as much as i want without getting hit with commission tickets and go long or short. For the past month I've been day trading US stocks, the volatility has been great and i can be in and out of trades all the time. They do need to increase the number of stocks they do as it is limited to the big names only. I've also started hedging via their US indexes, still trying to find the perfect strategy!


qazwsxedc46

Sep 13 2020

When it comes to spreads, they are no 1. They have an amazing suppor too. I have no issues with them until now.


Camilla H

Sep 11 2020

I have a mini account for testing trading strategies, for about 2 years everything went very well. Recently I faced a problem with some orders opened at unrealistic prices, followed by huge slippages for S/L. I completed a request for investigation, promptly and fairly they confirmed that the trades were erroneously opened due to AUDUSD spike and they refunded me. I stopped trading just because it wasn't suited, I mostly placed buy stop orders that were risky at spikes.


Barton

Sep 11 2020

I heard that if you start to complain to this broker, you'll know that they are actually certified from countries in Bermuda, not FCA, AFCA, etc.


Jessica Wang

Sep 11 2020

It has been a good experience and profitable trades with ThinkMarkets. That I did is I just followed my plan and risk management. Kindly advise you that you need to be educated or just find a good signal provider


If you want to compare the other brokers, visit our broker comparison tool.