Having a broker with zero fees on deposit and withdrawal can help you reduce your trading costs. Follow this article to find 7 brokers that get rid of deposit and withdrawal fees.

For forex traders, account funding is a crucial aspect to think about. This is mostly because deposit and withdrawal processes are directly related to the traders' funds. Besides, the payment feature can be really important to measure a broker's reliability, considering how the majority of scam brokers tend to interfere with withdrawal processes and make it difficult for clients to get their money back.

Zero fees on deposit and withdrawal can reduce the trading cost for traders.

In that case, each broker has different sets of policies regarding deposit and withdrawal services, one of them being the fees or commissions that will be charged to traders. Apart from convenience and safety, traders should pay attention to the fees in the deposit and withdrawal service. If the commission is too high, it will definitely cause a significant amount of cost. That is why forex brokers with low deposit and withdrawal fees are preferable in the eyes of many. But even more than that, do you know that there are forex brokers that eliminate all the deposit and withdrawal commissions completely?

 

Why It Matters

Basically, the deposit and withdrawal fee is a part of the trading costs. Deposit fees are usually charged as a part of industry practice, while on the other hand, withdrawal fees are usually charged by the payment method. So withdrawing funds via bank wire might generate a different amount of fees from when it is processed by an e-payment. The details of all of these charges are usually posted on the broker's official page.

Since the amounts of those fees are relatively small, many traders tend to overlook them. But a good trader would pay attention to this detail because it deals with the trading cost. As a matter of fact, avoiding unnecessary high deposit and withdrawal fees could give them extra money that can be added to the trading account as a deposit. This is why brokers with low or zero deposit and withdrawal fees are essential. 

See Also: Deposit and Withdrawal in Forex Brokers: 4 Things to Consider

 

Forex Brokers with Zero Fees on Deposits and Withdrawals

Some brokers that provide third-party transfer methods can make the deposit and withdrawal activities free of charge because the transaction is basically transferring funds from one account to another.

With the wide options of services to choose from, it might be challenging for traders to decide which broker suits them the best. Indeed, choosing a broker is not an easy task even after thorough research and you manage to list the potential brokers to choose. To make it simple, there are at least three aspects that you must consider regarding deposit and withdrawal fees:

 

The Concept of the Service

First, find out if the zero deposit and withdrawal fee is a part of the broker's permanent policy or if is it only provided as a temporary promotion. This is important because if it's temporary, then the program can be taken down anytime they want. Though some brokers already have it for a long time and manage to implement it continuously like XM, there is always a chance that the program will be stopped.

 

Transaction Limit

Some brokers impose certain conditions that must be fulfilled to get the zero fees service. Thus, it is essential to know about these conditions. If the requirements are not met, you won't get a free commission on deposits and withdrawals. Checking the terms beforehand could also save you from unnecessary drama should you encounter any surprising problems that arise from this particular condition.

 

Transaction Type and Payment Method

Lastly, pay attention to the type of transactions and payment methods. This is due to the fact that it is possible that the broker does not apply this feature for all transactions but let's say for deposits only or wire transfer only. You should not be so quick to assume that the feature will be applied for all deposit and withdrawal transactions.

Zero deposit and withdrawal fees can be a very beneficial feature for traders since it can help them reduce trading costs and allocate funds for trading or other purposes. Many brokers provide this service either as a part of their permanent policy or seasonal promotion to attract more traders. Yet, as a trader, you should not only focus on this feature and ignore the rest. Keep in mind that each broker has its own pros and cons depending on its overall services.

For example, a broker may not be so attractive if it lacks quality in customer service despite offering zero fees on deposits and withdrawals. On the other side, you may find a good broker with no funding fees, but it doesn't support your trading strategy.

Having considered the aspects above, here we have listed 7 top brokers that provide zero fees on deposits and withdrawals.

 

1. IC Markets

🌐 Website
www.icmarkets.com
Leverage
1:500
💼 Regulation
ASIC CySEC SCB The Financial Commission
💲 Min Deposit
$200
Year Established
2007

Interest rate on funds
Free education
PAMM accounts
MAM accounts
Segregated accounts
Managed accounts
Islamic accounts available
Bitcoin
FasaPay
Neteller
PayPal
Skrill
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are 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 traders who open an account in this broker 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.

The minimum deposit 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.

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.

IC Markets is a well-known ASIC-regulated broker originating from Australia. All deposit and withdrawal methods from this broker are apparently free of charge. You can choose from quite a wide range of options including PayPal, Neteller, Skrill, FasaPay, wire transfer, and many others. All methods can also be processed instantly, except for wire transfer which usually takes around 12-48 hours. If you're not sure what method to use, the broker recommends its traders use credit cards or Paypal.

See Also: List Of Brokers Accepting PayPal

 

2. XM

🌐 Website
www.xm.com
Leverage
1:888
💼 Regulation
ASIC BaFin CNMV CONSOBCySEC FCA FSPIFSCESMA
💲 Min Deposit
$5
Year Established
2009

Interest rate on funds
Bonus offers
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Requires sending documents via postal mail
CashU
FasaPay
Neteller
QIWI
Skrill
WebMoney
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.

XM is a global broker that has long applied Zero Fees as a part of their service. Basically, the program emphasizes a 0% deposit and withdrawal fee for every transaction, whether the trader uses a wire transfer, credit card, or e-currency.

The only condition for this promo is the minimum deposit for the wire transfer. If you use the payment method, you must deposit at least $200 so that the fee can be covered by the broker. To enjoy this service, you only need to register on the broker's official website and open a trading account.

 

3. Exness

🌐 Website
www.exness.com
Leverage
1:2000
💼 Regulation
Capital Markets Authority of Kenya CySEC FCA FSAFSCFSCFSCAThe Financial Commission
💲 Min Deposit
$1
Year Established
2008

Trading contests
Free education
PAMM accounts
LAMM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Bitcoin
Neteller
Skrill
WebMoney
Wire transfer

The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.

Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.

Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-Payment facility provided by Exness, the processing time is instant and goes straight into the account. This means that when traders make a withdrawal, everything happens automatically without human intervention.

The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.

Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.

Traders do not need to worry about transaction fees when depositing and withdrawing. When trading on Exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.

All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services.

Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.

Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.

One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.

Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.

Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.

When trading with Exness, profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' PCs unanticipatedly.

From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.

Similar to the previous broker, Exness provides zero deposit and withdrawal fees for all types of payment methods. The broker itself offers quite a wide range of funding methods including wire transfers, credit cards, and a string of e-payment services. In certain regions, deposits and withdrawals can even be done via local banks. Instead of offering it as a promotion, Exness chooses to apply it as a permanent feature. However, it should be noted that for deposit and withdrawal activities via credit card, there is a minimum transaction limit. Also, for each transaction that is less than the minimum limit, Exness applies a relatively small commission for both deposits and withdrawals.

 

4. OctaFX

🌐 Website
www.octafx.com
Leverage
1:500
💼 Regulation
CySEC FSA
💲 Min Deposit
$25
Year Established
2011

Interest rate on funds
Bonus offers
Trading contests
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Bitcoin
Neteller
Skrill

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

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

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

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

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

Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD25. The currencies used on the account are US Dollars and Euros.

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

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

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

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

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

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

One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. 

Compared to the previous brokers, the variety of deposit and withdrawal methods in OctaFX is quite limited. Nonetheless, all of them are free of charge and guarantee instant transfers. According to the OctaFX official website, all deposit and withdrawal methods are processed with instant speed, except for the local bank transfer which takes approximately 10 minutes. This is really convenient for traders who frequently deposit and withdraw from their accounts.

 

5. FXOptimax

🌐 Website
www.fxoptimax.com
Leverage
1:1000
💼 Regulation
FSA
💲 Min Deposit
$10
Year Established
2009

Bonus offers
PAMM accounts
FasaPay
Wire transfer

In FXOptimax, traders will get zero deposit and withdrawal fees for transactions via certain e-payments. The broker recommends the use of Neteller, but it isn't completely free of charge. The other methods that you can choose are FasaPay, Perfect Money, or OKPay. All three of those have the same processing time and a minimum transaction amount. You can make transactions for as low as $1 and deposit instantly. Meanwhile, for the withdrawal process, you will need to wait for a maximum of 1 working day after the withdrawal request is confirmed.

See Also: List Of Brokers Accepting Neteller For Payment Method

 

6. RoboForex

🌐 Website
www.roboforex.com
Leverage
1:2000
💼 Regulation
IFSCThe Financial Commission
💲 Min Deposit
$10
Year Established
2009

Interest rate on funds
Bonus offers
Trading contests
MAM accounts
Affiliate program
Islamic accounts available
Neteller
Skrill

Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.

As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).

Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.

Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.

RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.

After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:

Pro-Standard

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:2000

ECN-Pro

  • Minimum Deposit: $10
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:300

Prime

  • Minimum Deposit: $5,000
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:100

Pro-Cent

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.1
  • Leverage: up to 1:2000

R Trader

  • Minimum Deposit: $100
  • Spread: from $0.01
  • Minimum order volume: 1 stock
  • Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)

The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.

The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.

The concept of deposit and withdrawal fees in RoboForex is similar to XM; the company compensates additional fees based on the transaction method. You can even see for yourself how much deposit and commission funds are covered by RoboForex because they are displayed separately in the Member Area. However, the replacement of the commission that allows the free deposit does not apply to withdrawal transactions. Any withdrawal in this broker will be subject to commission. The lowest is FasaPay with a withdrawal fee of 0.5%.

See Also: List Of Brokers Accepting FasaPay

 

7. FxPro

🌐 Website
fxpro.com
Leverage
1:50
💼 Regulation
CySEC DFSAFCA FSCA
💲 Min Deposit
$100
Year Established
2006

Free education
Personal manager
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Neteller
PayPal
Skrill
Wire transfer

Ever since its 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 CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds 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 price 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 create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to 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 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, trading in FxPro also enables access to 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. 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.

FxPro is a trusted broker with many clients from all over the world. The broker applies different rules and services in certain regions. For example, clients from the UK will receive services according to FxPro UK which is FCA-regulated. Meanwhile, traders from the Middle East will be facilitated by FxPro Global Markets MENA Ltd., which has been adjusted to the rules of the DFSA (Dubai Financial Services Authority). That is why the concept of deposit and withdrawal at FxPro varies depending on the region and the regulations.

Among all areas, FxPro's policies according to CySEC rules are the most flexible. You can choose from 6 payment methods, which vary from wire transfers to popular e-payment like PayPal and Skrill. Five of the withdrawal medium deposits are free of commission. Unless you make a withdrawal without opening any trading positions, any withdrawal via credit card and e-currency can be processed free of any commission. FxPro does not even introduce a penalty for refunds made via PayPal, as long as the transaction is processed within 6 months after depositing via the same method.

To help you compare some of the brokers above by their overall services, here is a table to take a look at:

Compare XM Exness OctaFX

Rating

General Rating 3.42/5
4.16/5
3.59/5
Trustpilot 2.3/5

rated by 255 users
3.8/5

rated by 579 users
4.5/5

rated by 3542 users

General Information

💼 Regulation
⌛ Established 2009 2008 2011
💲 Min Deposit $5 $1 $25
⚖ Max Leverage 1:888 1:2000 1:500
🔢 Spread Variable Variable Variable
💸 Commissions $3.50 $3.50
💡 Min Position 0.01 lot 0.01 lot 0.01 lot
💳 Payment CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), USD Coin (USDC), WebMoney and Wire transfer Bitcoin, Credit/debit cards, Neteller and Skrill
🏢 Office(s) AustraliaGermanySpainItalyCyprusUnited KingdomNew ZealandBelizeEuropean areaFrance KenyaCyprusUnited KingdomSeychellesbritish virgin islandsMauritiusSouth AfricaChinaEuropean areaHong KongIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab Emirates CyprusSt. Vincent & the Grenadines
🧩 Forex Demo Account
📁 Segregated Account
🕋 Islamic Account
👨‍💻 PAMM Account
📈 Managed Account
💱 Hedging
🇺🇸 US traders are welcome
🕛 Swaps
🏆 Trading contests
⚡ Automated trading
💹 Interest rate on funds
💰 Bonus offers
📖 Free education
👔 Affiliate program
📱 Mobile trading
💻 Browser-based platform
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
ForexForex
cfdCFD
IndexesIndexes
Spread BettingSpread Betting
Gold & SilverGold & Silver
CryptocurrenciesCryptocurrencies
stocksStocks
oilOil
MetalsMetals
EnergiesEnergies
FuturesFutures
etfETF
Soft CommoditiesSoft Commodities
OptionsOptions
AgricultureAgriculture
BondsBonds
Binary OptionsBinary Options
IndicesIndices
CommoditiesCommodities
SharesShares
Physical StockPhysical Stock
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