19 Best Forex Brokers For Beginners in 2024

    • FP Markets
      FP Markets
      4.9/5
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      Established in 2005 in Australia, First Prudential (FP) Markets is a leading online forex and CFD broker. The broker supports multiple trading assets, tight spreads, zero trading restrictions, accessible customer care, and numerous awards.

      Pros- No inactivity fees - The website is available in multiple languages - Zero trading restrictions - Access to copy trading, hedging, scalping, etc. - Traders could benefit from Investor protection of up to €20,000 per person. - The top five authorities regulate it. - Extensive choice of payment systems - Has segregated retail client funds
      Cons- No welcome bonus - Cent accounts are not available - Investor protection is limited to clients in countries under certain financial regulators
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      ASIC, CySEC
      Min. deposit
      $100
      Bonus
      Available
    • IC Markets
      IC Markets
      4.8/5
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      IC Markets seems to be quite popular among traders for its low spreads and reliable execution speeds. Users appreciate the range of instruments available, including forex, CFDs, and commodities.

      The platform's customer service also often receives praise for being responsive and helpful in resolving issues. However, some users have noted challenges with account verification and withdrawal processes, which can be slower than expected.

      Despite these occasional hiccups, the general consensus is that IC Markets offers a solid trading experience, particularly for those looking to trade on a variety of markets with competitive conditions. Overall, it appears to be a trusted choice for both novice and experienced traders.

      Pros
      • Low spreads
      • No inactivity fee
      • Regulated by multiple authorities
      • Wide range of trading instruments
      • Supports MetaTrader and cTrader platforms
      • Offers ECN trading environment
      Cons
      • Not available in the USA
      • No bonus or promotions
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, CySEC, FSA
      Min. deposit
      $200
      Bonus
      None
    • AMarkets
      AMarkets
      4.8/5
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      No matter your level of trading experience, you need to know exactly what to expect from the brokers you're considering.

      In this review, I take a close look at AMarkets, a popular broker that has been around for the past 16 years, and provide you with all the information you need to decide whether to trade with them.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      -
    • AvaTrade
      AvaTrade
      4.7/5
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      AvaTrade, as reflected in user reviews across various platforms, is generally well-regarded for its user-friendly interface and the diversity of trading instruments available.

      Customers appreciate the platform's reliability and the educational resources provided, which are particularly helpful for beginners.

      The customer service team receives mixed feedback; some traders praise the support for being responsive and helpful, while others have experienced delays or less satisfactory interactions.

      There are mentions of smooth withdrawal processes, but a few users have pointed out issues with account verification and withdrawals taking longer than expected.

      Overall, AvaTrade seems to be considered a trustworthy broker, with many users expressing satisfaction with their trading experience, despite the occasional hiccup in customer service or fund management.

      Pros
      • Regulated broker
      • Variety of instruments
      • Multiple trading platforms
      • Educational resources
      Cons
      • Inactivity fee
      • No US clients
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lots
      Regulator
      ADGM, ASIC, Central Bank of Ireland, FSA, FSC, FSCA
      Min. deposit
      $100
      Bonus
      Refer-a-friend bonus, New account opening bonus
    • Forex.com
      Forex.com
      4.7/5
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      Forex.com generally receives mixed feedback from users. Traders appreciate its user-friendly platform, the variety of instruments available for trading, and the educational resources provided, which are great for beginners. The customer service is often highlighted as responsive and helpful, addressing issues with professionalism.

      However, there have been concerns over withdrawal delays and some users find the fees higher than expected. A few reviews mention difficulties with account verification processes. While the negative points can be a cause for hesitation, many traders seem to trust Forex.com for its robust platform and regulatory compliance. Overall, it seems to cater well to those looking for a reliable trading experience, but potential users should stay aware of the possible hiccups in withdrawals and fees.

      Pros
      • Regulated by multiple top-tier authorities
      • Advanced trading platforms
      • Comprehensive research tools
      Cons
      • Not available in some countries
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, CFTC, CIMA, FCA (UK), IIROC, NFA (US)
      Min. deposit
      $50
      Bonus
      None
    • HankoTrade
      HankoTrade
      4.7/5
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      Hankotrade has been helping forex traders since the 1980s. Now, it supports them with the ActTrader trading platform, multiple account types, and tight spreads.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $10
      Bonus
      -
    • Fusion Markets
      Fusion Markets
      4.7/5
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      Fusion Markets is a financial market trader that provides various brokerage services to its users.

      In this review, I look at everything the platform offers and whether it's suitable for beginners.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      Referral bonus of $50
    • Exness
      Exness
      4.6/5
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      Exness, as seen through the lens of user reviews on platforms like Trustpilot and Sitejabber, generally receives praise for its user-friendly platform and responsive customer service. Traders appreciate the ease of account setup and the variety of available trading instruments.

      The broker is often commended for its quick withdrawal process, which users find reliable and efficient. However, some traders have expressed concerns over spreads and commission structures that they perceive to be higher than industry standards.

      A few reviewers also mentioned occasional difficulties with account verification or platform stability issues. Overall, while Exness garners positive feedback for its services, it's clear that there are areas where certain users feel improvements could be made.

      Pros
      • Low minimum deposit
      • High leverage
      • MetaTrader 4 and 5 support
      • Various account types
      • Negative balance protection
      Cons
      • Not available in all countries
      • No proprietary platform
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Micro Lot
      Regulator
      CySEC, FCA (UK), FSC, FSCA
      Min. deposit
      $1
      Bonus
      No
    • TradeZero
      TradeZero
      4.6/5
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      TradeZero offers a decent selection of stocks, options, and ETFs - all available to trade at competitive rates. TradeZero likes to keep it simple, giving users great features without promising far-fetched benefits.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      Financial Industry Regulatory Authority (FINRA)
      Min. deposit
      $500
      Bonus
      Yes, via an affiliate program
    • Global Prime
      Global Prime
      4.6/5
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      Global Prime is a well-regulated forex broker that's been in operation since 2010. It offers a wide range of trading instruments, including Forex, cryptocurrencies, and commodities, with robust platforms like MetaTrader 4.

      With competitive fees, no charges for deposit and withdrawals, and a secure trading environment, it is a great option for frequent traders.

      Global Prime offers limited educational resources for beginners, making it better suited to intermediate and professional traders who are already familiar with the market.

      Pros- Multiple deposit and withdrawal options for users to work with. - Regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). - Users' funds are segregated in Tier-1 banks. - Support for multiple currencies. - Excellent customer support — fast and reliable. - Intuitive design with excellent user experience. - Support for multiple trading tools to simplify the process for users.
      Cons- Several restricted countries, including Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, Japan, and the United States or its territories. - The educational segment must be fully streamlined so traders can learn how technical analysis tools work. - Limited trading terminals supported. - Limited account types are available, which hinders users.
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      No signup bonus, deposit bonus, or welcome bonus.
    • TradeStation
      TradeStation
      4.5/5
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      TradeStation emerges as a highly regarded broker, celebrated for its robust and user-friendly platform that appeals to both novice and experienced traders. With cutting-edge technology at its core, users rave about the seamless trading experience, complete with comprehensive tools and resources designed to empower investors in making informed decisions.

      What sets TradeStation apart is its dedication to innovation, offering unique features such as customizable charts, real-time data streaming, and advanced order types that cater to a variety of trading strategies. Users also appreciate the responsive customer support team, which enhances the overall trading journey.

      Join the community of satisfied traders who have found a reliable partner in TradeStation. Whether you're looking to dive into the markets or refine your trading skills, this broker provides an environment where your financial ambitions can thrive.

      Pros
      • Advanced trading platform
      • Extensive research tools
      • High-quality market data
      • Comprehensive educational resources
      Cons
      • Not suitable for casual investors
      • Platform can be complex for beginners
      • Fees for inactivity and some additional services
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Varies by asset
      Regulator
      SEC, Financial Industry Regulatory Authority (FINRA)
      Min. deposit
      $500
      Bonus
      None
    • Capital.com
      Capital.com
      4.5/5
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      Discover everything there is about CFD trading courtesy of this Detailed Capital.com review. I discuss fees, features, and everything relevant.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $20
      Bonus
      -
    • FxPro
      FxPro
      4.4/5
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      FxPro seems to have made a positive impression on many of its users. Traders appreciate the platform's reliability and user-friendly interface, which makes navigating the markets simpler for both novices and experienced traders alike. There's frequent praise for the customer service team who are noted for their promptness and helpfulness in addressing queries and issues. Additionally, FxPro offers a range of trading tools that are highly valued by users for enhancing their trading strategies. However, it's worth mentioning that some reviewers have pointed out difficulties with withdrawal processes and understanding fee structures. Overall, despite a few hiccups, the general consensus is that FxPro stands out as a trustworthy broker with solid offerings for Forex trading.

      Pros
      • Regulated by multiple authorities
      • Advanced trading platforms
      • Negative balance protection
      • No dealing desk intervention
      Cons
      • Not available in the USA
      • No social trading features
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC, FCA (UK), FSCA, SCB
      Min. deposit
      $100
      Bonus
      No
    • Spread EX
      Spread EX
      4.4/5
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      Spread EX has garnered mixed reviews from users across various platforms. Clients appreciate their competitive spreads and the range of markets available, which offer a good trading experience for both novices and seasoned traders. The platform's user interface is often highlighted as intuitive and easy to navigate, making it accessible even for those new to trading.

      On the flip side, some users have expressed frustration with customer service, citing difficulties in getting timely responses or resolutions to their issues. There are also mentions of challenges with withdrawal processes, where some customers faced delays or complications when trying to access their funds.

      Overall, while Spread EX seems to provide a solid trading platform with a variety of options for different types of traders, they may need to improve aspects of their client support and streamline their financial transactions to enhance user satisfaction fully.

      Pros
      • N/A
      Cons
      • N/A
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      N/A
      Regulator
      N/A
      Min. deposit
      N/A
      Bonus
      N/A
    • NordFX
      NordFX
      4.4/5
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      NordFX generally receives mixed feedback from users. Traders appreciate its user-friendly platform, quick account setup, and the variety of trading instruments available. Clients also highlight the convenience of having multiple account types to choose from, catering to different levels of experience and investment sizes. The broker's customer service is often described as responsive and helpful, with a professional approach to resolving issues.

      On the flip side, some traders express dissatisfaction with withdrawal processes, citing delays or complications. There are also occasional mentions of concerns about spreads and trading conditions not being as competitive as advertised. Despite these critiques, NordFX maintains a loyal user base who value the overall stability and reliability it offers in the forex market. It's important for potential clients to weigh both the positive experiences and the criticisms when considering NordFX as their broker.

      Pros
      • Low minimum deposit
      • Multiple account types
      • Cryptocurrency trading
      • Bonus offerings
      Cons
      • Limited educational resources
      • No US clients
      • No MetaTrader 5
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      Vanuatu Financial Services Commission (VFSC)
      Min. deposit
      $10
      Bonus
      Occasional promotions and deposit bonuses
    • Pepperstone
      Pepperstone
      4.4/5
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      Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is an Australian forex and CFD broker that aims to improve service quality in the financial sector.

      It champions a user-first trading approach, leveraging the latest technology, offering a rich selection of trading instruments, and providing comprehensive educational materials.

      Pepperstone features an extensive portfolio of trading assets, advanced trading platforms, and dedicated customer support.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      200$
      Bonus
      Bonus Welcome bonuses and promotions offered occasionally (check terms and conditions carefully)
    • Trade Nation
      Trade Nation
      4.4/5
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      Trade Nation maintains its reputation as a reliable and secure broker, catering to novice and experienced traders. I find the platform offers a comprehensive range of educational resources, favourable trading conditions, and advanced trading tools. It upholds the security of client funds through multiple measures and provides various investment opportunities.

      Pros- It is regulated by top-tier bodies such as the FCA, ASIC, FSCA, etc. - It provides user-friendly trading platforms. - It has competitive fixed spreads. - It upholds the security of customer funds through negative balance protection. - It does not charge any inactivity or withdrawal fees.
      Cons- It does not offer round-the-clock customer service. - It has restricted availability. - It has a limited range of tradeable assets. - It has a limited range of payment methods.
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $1
      Bonus
      Available
    • Easy Markets
      Easy Markets
      4.3/5
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      Easy Markets generally receives positive feedback from users, highlighting their user-friendly platform and responsive customer support. Traders appreciate the straightforward interface that makes it simple for both beginners and experienced traders to navigate the markets. The educational resources available are frequently praised, helping new traders to learn the ropes. Additionally, Easy Markets' transparent fee structure earns commendations, allowing clients to trade with a clear understanding of costs involved.

      However, some reviews point out issues with withdrawal delays and occasional platform glitches. While these negative experiences are relatively few, they do remind potential users that no service is without its hiccups. Overall, the sentiment towards Easy Markets leans toward satisfaction, with many users feeling confident in recommending them as a reliable broker.

      Pros
      • Regulated broker
      • Negative balance protection
      • Fixed spreads
      • Educational resources
      Cons
      • Not available in the USA
      • No MetaTrader 5
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lot
      Regulator
      ASIC, CySEC
      Min. deposit
      $100
      Bonus
      First deposit bonus (subject to terms and conditions)
    • ThinkMarkets
      ThinkMarkets
      4.3/5
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      ThinkMarkets has garnered a mixed response from users across various review platforms. Many traders appreciate their user-friendly platform and the range of trading instruments available, which makes diversification easier. The customer service is often highlighted as responsive and helpful, addressing issues with professionalism.

      However, some users have expressed concerns over withdrawal delays and account verification processes that can be cumbersome. There are also occasional mentions of poor execution during high volatility periods, causing frustration among active traders. Despite these issues, the general consensus suggests that ThinkMarkets offers a reliable trading environment for those looking to navigate the financial markets, with educational resources being a notable plus for beginners. Overall, while it shines in certain areas, there's room for improvement in streamlining operations and enhancing trade execution stability.

      Pros
      • Regulated by multiple top-tier authorities
      • Negative balance protection
      • No minimum deposit for Standard Account
      • Advanced trading tools
      Cons
      • Inactivity fee
      • Limited educational resources
      • No social trading features
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, CySEC, FCA (UK), FSCA
      Min. deposit
      $0 for Standard Account, $500 for ThinkZero Account
      Bonus
      No bonus currently offered
    • OCTAFX
      OCTAFX
      4.3/5
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      OctaFX, as seen through the lens of user reviews on platforms like Trustpilot and Sitejabber, generally receives praise for its user-friendly platform and competitive spreads.

      Clients appreciate the broker's responsive customer service team, which is noted for providing helpful support in various situations. However, some users have expressed concerns over withdrawal issues and account verification delays.

      Traders also highlight the educational resources available, making it a good choice for beginners. While most feedback is positive, there are occasional mentions of technical glitches during trading, which seem to be infrequent but worth noting.

      Overall, OctaFX appears to offer a satisfactory experience with room for improvement in certain operational aspects.

      Pros
      • Low minimum deposit
      • MetaTrader 4 and 5 platforms
      • ECN accounts
      • Islamic accounts
      • Copy trading
      • Negative balance protection
      Cons
      • Limited product portfolio
      • No proprietary platform
      • Not available in the USA
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      0.01 Lot
      Regulator
      CySEC
      Min. deposit
      $50
      Bonus
      50% Deposit Bonus
    • Naga
      Naga
      4.3/5
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      Naga has evolved from its origins as a social trading startup to become one of the leading global brokerage platforms.

      This review will provide a comprehensive examination of this forex broker, highlighting its key features and offering an unbiased perspective to help you make an informed decision.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      CySEC, FCA
      Min. deposit
      250$
      Bonus
      50% bonus on deposit of above $50
    • FBS
      FBS
      4.3/5
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      The broker impresses with its market offerings, accessible platforms, and competitive leverages. However, it could benefit from a more transparent fee structure and improved educational resources. Read this review to know more.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $5
      Bonus
      Welcome bonus and promotions offered occasionally (check terms and conditions carefully)
    • ETORO
      ETORO
      4.2/5
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      eToro, as seen through the lens of user reviews on platforms like Trustpilot and Sitejabber, garners a mix of opinions. Customers often praise its user-friendly interface and the diversity of trading instruments available, making it appealing for both beginners and experienced traders. The social trading aspect, where users can copy the trades of successful investors, is frequently highlighted as a standout feature.

      However, there's also a fair share of criticism, with some users expressing frustration over withdrawal difficulties and customer service responsiveness. A few mention unexpected account closures or issues with verification processes. Despite these concerns, eToro remains popular for its accessibility and the educational resources it provides to its users. It’s clear that while many enjoy the platform's offerings, there are areas where eToro could improve to enhance user satisfaction further.

      Pros
      • User-friendly platform
      • Social trading features
      • Wide range of assets
      Cons
      • Withdrawal fees
      • Inactivity fee
      • No MetaTrader platform
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Varies by asset
      Regulator
      ASIC, CySEC, FCA (UK)
      Min. deposit
      $200
      Bonus
      None specified
    • Tickmill
      Tickmill
      4.2/5
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      Tickmill has garnered a positive reputation among traders, with many highlighting their satisfaction with the platform's low spreads and commission rates. Users appreciate the ease of withdrawals and deposits, noting that the process is smooth and hassle-free. The customer service team at Tickmill receives praise for being responsive and helpful, addressing queries and issues promptly. Additionally, the broker offers a range of educational resources, which traders find beneficial for improving their trading skills. While some users have mentioned occasional technical glitches, these seem to be rare and are usually resolved quickly by the support team. Overall, public sentiment leans towards Tickmill being a reliable and user-friendly option for both novice and experienced traders.

      Pros
      • Regulated by multiple authorities
      • Low minimum deposit
      • Competitive spreads
      • Offers MetaTrader 4 and MetaTrader 5
      • Negative balance protection
      Cons
      • Limited product portfolio
      • No proprietary platform
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC, FCA (UK), FSA
      Min. deposit
      100 USD
      Bonus
      No
    • Plus500
      Plus500
      4.1/5
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      Plus500 seems to have a mixed reputation among users online. Some traders appreciate the platform's user-friendly interface and the range of instruments available for trading. They often mention the convenience of mobile app functionality, which allows them to trade on-the-go with ease. However, there are also concerns about customer service responsiveness, with several reviewers expressing frustration over difficulties in contacting support or getting timely assistance. Additionally, some users have pointed out issues with withdrawal processes and account verification, stating that these can be cumbersome and time-consuming. It’s worth noting that while there are positive comments about the platform's features and usability, the negative reviews highlight areas where Plus500 could potentially improve to enhance user experience.

      Pros
      • User-friendly platform
      • Negative balance protection
      • Regulated by multiple major authorities
      Cons
      • Limited research tools
      • No MetaTrader platform
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      ASIC, FCA (UK), MAS (Singapore), FMA (New Zealand), CySEC, FSCA
      Min. deposit
      $100
      Bonus
      N/A
    • Markets.com
      Markets.com
      4.1/5
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      Markets.com has garnered mixed reviews from users across various platforms. While some traders appreciate the platform's user-friendly interface and the diversity of trading instruments available, others have raised concerns about customer service responsiveness and withdrawal processes. A number of users have highlighted the educational resources as a positive feature, helping newcomers navigate the complexities of trading. However, there are also reports of technical issues that can hinder trading activities. The general sentiment suggests that Markets.com offers a decent experience for those looking to trade but advises potential customers to be aware of the challenges they might face with support and managing their accounts.

      Pros
      • Regulated broker
      • Wide range of instruments
      • Educational resources
      • Advanced trading tools
      Cons
      • Inactivity fee
      • No MetaTrader 5
      • Limited account types
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      0.01 Lot
      Regulator
      ASIC, CySEC, FCA (UK), FSCA
      Min. deposit
      $100
      Bonus
      N/A
    • Trading.com
      Trading.com
      4.1/5
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      If you're a trader who prefers changing trading volumes based on market conditions and your available funds, Trading.com is the perfect platform to onboard. This forex broker is also perfect for those who want to avoid cost complexities and only want to pay via variable spreads. However, if you're new to trading and not well-versed in CFDs and leverage, you might want to look elsewhere.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      ASIC, DFSA, FCA
      Min. deposit
      $5
      Bonus
      $100 promotional credit and paper trading competition
    • TMGM
      TMGM
      4.1/5
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      The founders of TMGM are seasoned forex brokers, and having studied the market for years using and carrying out trade with several brokers, they began to see challenges faced regularly by their fellow traders. In an attempt to continually solve emerging problems in the trading sector, TMGM was founded in 2013.

      The broker was to serve as a bridge between traders like you and the financial market, eradicating certain setbacks.

      Pros- Regulatory Compliance: Regulated by the top-tier bodies, which ensures security and trustworthiness. - Diverse Trading Instruments: Wide selection of instruments, including forex pairs. - Advanced Platforms: MT4, MT5 and iRESS are known for their robust features and functionality. - Authentic Educational Sources: TMGM offers trading education suitable for traders of all expertise levels. - Competitive Trading Conditions: Low spreads, enhanced execution speeds, and deep liquidity, ensuring the best possible prices. - Customer Funds Protection: TMGM prioritizes the security of customer funds and makes use of segregated accounts.
      Cons- Limited Account Types: TMGM has two consolidated account types, which may limit the choices available to traders. - Limited Research and Analysis Tools: The tools available are relatively limited compared to some other brokers. - Unavailability In Some Geographical Areas: TMGM is not available in certain regions such as the US. - Variable spreads: While TMGM offers low spreads for some instruments, other instruments have variable spreads, which impacts trading costs.
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $100
      Bonus
      -
    • IQ Option
      IQ Option
      4/5
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      IQ Option stays ahead of its competitors with solid marketing and technology, providing advanced tools for analysis. Its interface might seem complex, but it has excellent charting and unique features like topic chats.

      Although it has issues like country restrictions and platform lags, it creatively blends options and forex for a great trading experience.

      IQ Option has expanded to include digital options with high yields and cryptocurrency assets. It holds a decent rating, making it worth trying with a demo account.

      Pros
      • The platform is user-friendly and has positive ratings
      • The broker has among the best pay rates in binary options.
      Cons
      • The broker's online platform is heavy on the user’s computer RAM
      • The platform has a learning curve
      • There are delays in cash withdrawals.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      CySEC
      Min. deposit
      $10
      Bonus
      Occasional promotions and trading competitions
    • Orbex
      Orbex
      4/5
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      Orbex generally receives positive feedback from users who appreciate its user-friendly platform and helpful customer support. Traders highlight the ease of opening accounts and the educational resources available, making it a good choice for both beginners and experienced traders. The broker's range of instruments and competitive spreads are often mentioned as key advantages. However, some users have expressed concerns over withdrawal times and fees, suggesting there's room for improvement in the processing speed. Overall, Orbex seems to be regarded as a reliable broker with a solid offering but could benefit from addressing the few issues raised by clients regarding withdrawals.

      Pros
      • Regulated by CySEC
      • MT4 platform
      • Various account types
      • Educational resources
      • Negative balance protection
      Cons
      • No MT5
      • Limited product portfolio
      • No clients from USA
      • Canada
      • and some other countries
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC
      Min. deposit
      $200
      Bonus
      No
    • XTB
      XTB
      4/5
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      XTB, as per the collective voice of users on reputable review platforms, stands out for its user-friendly trading platform and educational resources that cater well to beginners. Customers appreciate the transparency in pricing and the speed of execution when it comes to trades. The customer service team is often highlighted for being responsive and helpful, addressing issues promptly. However, some traders have expressed concerns over withdrawal times and fees, suggesting there's room for improvement in this area. Overall, XTB seems to maintain a solid reputation among users, with its strengths outweighing the occasional gripes related to withdrawals.

      Pros
      • Low forex fees
      • Free and fast deposit and withdrawal
      • Easy and fast account opening
      Cons
      • Product portfolio limited mostly to CFDs
      • High stock CFD fees
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC, FCA (UK), IFSC, KNF
      Min. deposit
      -
      Bonus
      No
    • CMC Markets
      CMC Markets
      4/5
      Read review Start trading

      CMC Markets generally receives mixed feedback from users. On the positive side, clients appreciate its user-friendly platform and the wide range of trading instruments available, which offers flexibility in trading options. The educational resources and research tools provided are also highlighted as valuable for both new and experienced traders.

      However, some users express dissatisfaction with customer service, mentioning slow response times and less-than-helpful support on occasions. There are also reports of issues with platform stability during peak trading hours, causing frustration among active traders. Moreover, certain users find the fees higher than expected, suggesting a closer look at costs is necessary before committing to trade with CMC Markets.

      Overall, while there are areas where CMC Markets shines, potential customers should weigh these against the concerns raised by existing users to make an informed decision.

      Pros
      • Advanced trading platform
      • wide range of instruments
      • regulated by top-tier authorities
      • negative balance protection
      • no minimum deposit
      Cons
      • No MetaTrader platform
      • inactivity fee
      • limited payment methods
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, FCA (UK), MAS (Singapore), FMA (New Zealand)
      Min. deposit
      0 GBP
      Bonus
      None
    • iForex
      iForex
      4/5
      Read review Start trading

      If you are interested in a forex and CFD broker that specializes in educational resources and choice of instruments, reading this iForex review would make sense.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $100
      Bonus
      -
    • Libertex
      Libertex
      3.9/5
      Read review Start trading

      Libertex generally receives positive feedback from users who appreciate its user-friendly platform and educational resources, making it a hit among beginners. Clients praise the responsive customer support team that's ready to assist with any issues. However, some traders express frustration over withdrawal delays and the fee structure, which they find could be more transparent. There are also mixed reviews about the range of instruments available, with some users desiring a wider selection. Overall, Libertex is often recommended for its reliability and ease of use, though there's room for improvement in terms of fees and asset variety.

      Pros
      • Regulated broker
      • Negative balance protection
      • Wide range of instruments
      • MT4 platform support
      • Cryptocurrency trading available
      Cons
      • Not available in all countries
      • Inactivity fee
      • No MetaTrader 5
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 of the lot
      Regulator
      CySEC
      Min. deposit
      100 USD
      Bonus
      No Deposit Bonus, Welcome Bonus
    • IG.com
      IG.com
      3.9/5
      Read review Start trading

      As a sector of IG Group, IG Markets focuses specifically on retail CFD services. Clients can open accounts in IG Group subsidiaries to effortlessly access the market and start trading. IG’s trading conditions favor long-term and active traders, and there are no restrictions on foreign traders. However, a (recently reduced) minimum deposit of $1,000 may still deter newcomers. A drawback of IG is that its interface is not very user-friendly, though this can be managed with practice.

      Pros
      • The American regulators CFTC and NFA and the British regulator FCA have granted licenses to IG’s subsidiaries.
      • IG has favorable spreads, ranging from 0.6 to 1 pip, depending on the kind of instrument.
      • 24/7 customer service is available.
      Cons
      • There is a high threshold of entry, which discourages novice traders.
      • The verification procedure is complicated and selective. There are cases of refusal to open an account due to unconfirmed or low income.
      • There are technical problems with order execution (according to traders' feedback).
      • Users have reported that the interface has a high learning curve.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, FCA (UK), MAS (Singapore), BMA, CFTC, DFSA, FINMA, FSCA, JFSA
      Min. deposit
      $250
      Bonus
      None
    • Admiral Markets
      Admiral Markets
      3.9/5
      Read review Start trading

      Admiral Markets seems to have a mixed reputation among users. Traders appreciate the broker's wide range of instruments and the user-friendly trading platforms offered, specifically praising the MetaTrader options for their reliability. Clients also highlight the educational resources available, finding them beneficial for both beginners and experienced traders.

      However, some concerns are raised about customer service experiences; a few users report difficulties in getting timely support or resolving issues. Moreover, there are mentions of challenges with withdrawal processes, which can be frustrating for those looking to access their funds quickly.

      Despite these drawbacks, many users acknowledge Admiral Markets as a trustworthy broker, noting its regulatory compliance and the sense of security it provides. Overall, while there is room for improvement in certain areas, the broker appears to maintain a decent standing within the trading community.

      Pros
      • Regulated by multiple top-tier authorities
      • Negative balance protection
      • Offers MetaTrader platforms
      • Autochartist and Trading Central tools available
      Cons
      • Inactivity fee
      • Limited product portfolio compared to some competitors
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK), CySEC, ASIC, EFSA
      Min. deposit
      $200
      Bonus
      No
    • Forex Club
      Forex Club
      3.8/5
      Read review Start trading

      Forex Club seems to have a mixed reputation among traders, based on various online reviews. Some users appreciate the platform's user-friendly interface and the range of tools available for trading, which they find helpful for both beginners and experienced traders. The educational resources provided are also frequently highlighted as valuable for those looking to understand forex trading better.

      However, there are concerns regarding customer service, with some traders experiencing slow response times or difficulty getting support when issues arise. Additionally, a few reviewers mention challenges with withdrawal processes, such as delays or unexpected fees that aren't clearly communicated upfront.

      Despite these drawbacks, many users report satisfaction with the overall trading experience on Forex Club, citing reliable execution of trades and transparency in pricing. As with any broker, potential clients should weigh the positive aspects against the negative feedback to make an informed decision tailored to their trading needs.

      Pros
      • Wide range of instruments
      • Multiple trading platforms
      • Various account types
      • Educational resources
      Cons
      • Not available in the USA
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lot
      Regulator
      CySEC, FSC
      Min. deposit
      $200
      Bonus
      Up to 100% deposit bonus
    • Xm.com
      Xm.com
      3.8/5
      Read review Start trading

      XM.com has garnered mixed feedback from users across various review platforms. Many traders appreciate the platform for its user-friendly interface and the wide range of trading instruments available. They also praise the educational resources, which are particularly beneficial for beginners looking to understand the markets better.

      However, some concerns have been raised regarding customer service responsiveness, with a few users reporting delays in getting support when issues arise. Additionally, there have been instances where people faced difficulties withdrawing their funds, leading to frustration among certain clients.

      Despite these challenges, the broker's competitive spreads and the option to open micro accounts are frequently highlighted as positive features. XM.com's bonuses and promotions also receive favorable mentions, although it's important to note that terms and conditions apply to these perks.

      Overall, while XM.com seems to offer a solid trading experience, prospective clients should be mindful of the potential hurdles regarding withdrawals and customer support based on current user experiences.

      Pros
      • Low minimum deposit
      • Multiple account types
      • Negative balance protection
      • Regulated by multiple financial authorities
      Cons
      • Inactivity fee
      • No ECN account
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC, ASIC, IFSC
      Min. deposit
      $5
      Bonus
      $30 Trading Bonus, 50% Deposit Bonus up to $500, 20% Deposit Bonus up to $4,500
    • Forex4You
      Forex4You
      3.8/5
      Read review Start trading

      Forex4You, as per the collective voice of traders on various review platforms, has garnered a mix of feedback. Many users appreciate its user-friendly interface and commend the broker for providing educational resources that are especially helpful for beginners. The platform's customer service receives praise for being responsive and supportive, helping traders navigate through their issues efficiently. However, some reviews point out concerns with withdrawal processes and trading execution speed, suggesting there might be room for improvement in these areas. Overall, Forex4You seems to strike a chord with its clientele for its accessibility and support, but it would benefit from addressing the operational hiccups mentioned by its users.

      Pros
      • Low minimum deposit
      • Multiple account types
      • Supports MetaTrader 4
      • Offers Islamic accounts
      • Provides social trading
      Cons
      • Not regulated by top-tier financial authorities
      • Limited educational resources
      • No MetaTrader 5 support
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      FSC (British Virgin Islands)
      Min. deposit
      $1
      Bonus
      None
    • FXTM
      FXTM
      3.8/5
      Read review Start trading

      FXTM, also known as ForexTime, generally garners positive feedback from users across various review platforms. Clients praise the broker for its user-friendly trading platform and educational resources that are particularly helpful for beginners.

      The customer service team often receives accolades for being responsive and providing valuable support. On the flip side, some traders have expressed concerns over withdrawal processes and fees, mentioning occasional delays or confusion with financial transactions.

      Despite these mixed sentiments on certain operational aspects, the majority of FXTM's clients seem satisfied with the overall trading experience, highlighting the broker's reliability and the range of instruments available for trading.

      Pros
      • Low minimum deposit
      • Wide range of instruments
      • Multiple account types
      • Educational resources
      • Negative balance protection
      Cons
      • Unavailable in certain countries
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC, FCA (UK), FSC of the Republic of Mauritius, FSCA
      Min. deposit
      $10
      Bonus
      Loyalty Program, Seasonal Promotions
    • HYCM
      HYCM
      3.8/5
      Read review Start trading

      HYCM, a long-standing player in the brokerage field, generally garners positive feedback from users. Clients appreciate their comprehensive educational resources, which are great for new traders looking to learn the ropes. The platform is praised for its user-friendly interface, making trading accessible and straightforward. Customer service also receives thumbs up for being responsive and helpful, addressing issues and queries efficiently. However, some users mention withdrawal delays as a downside, although these experiences seem to be more of an exception than the norm. Overall, HYCM stands out for its reliability and supportive learning environment, with most clients expressing satisfaction with their trading experience.

      Pros
      • Regulated broker
      • Multiple trading platforms
      • Educational resources
      Cons
      • Not available in the USA
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CIMA, CySEC, DFSA, FCA (UK)
      Min. deposit
      $100
      Bonus
      No
    • NinjaTrader
      NinjaTrader
      3.8/5
      Read review Start trading

      Most fintech platforms offer access to traditional stocks and exposure to indices. However, if you wish to amplify your trading profits by trading Futures, there aren’t many platforms better than the NinjaTrader. From an extensive selection of Futures contracts to a diverse range of trading platforms to explore, NinjaTrader can be termed a one-stop Futures trading solution.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      NFA (US)
      Min. deposit
      -
      Bonus
      -
    • Alpari
      Alpari
      3.7/5
      Read review Start trading

      Alpari has been in the forex and options market for 21 years. It's a trusted broker that helps both new and experienced traders. For beginners, there's a cent account; for professionals, there are ECN accounts with lower spreads. Alpari watches manager ratings to keep investors safe. The broker works with experienced and new traders, quickly solving any problems. Alpari has no conflicts and updated its website in 2019 for better accessibility. Alpari's customer-centric focus and continuous upgrades of its services mean it is a popular choice in Europe.

      Pros
      • Numerous trading accounts which cater to varying degrees of expertise and objectives
      • Responsive and knowledgeable customer service department.
      Cons
      • There is no weekend trading
      • The process of withdrawing money is done occasionally after delays.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      0.01 Lot
      Regulator
      Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
      Min. deposit
      100 USD
      Bonus
      Loyalty Cashback, Deposit Bonus
    • Saxo bank
      Saxo bank
      3.7/5
      Read review Start trading

      Discover the world of trading with a broker that stands out for its exceptional service and innovative platform. Saxo Bank, renowned for its comprehensive suite of trading tools, caters to both novice and seasoned traders alike. Their user-friendly interface simplifies the complexities of trading, while their robust educational resources ensure you're well-equipped to make informed decisions.

      Clients rave about the diverse range of markets accessible through this broker, including forex, stocks, commodities, and even bonds. With competitive pricing and a reputation for transparency, traders can confidently navigate through fluctuating markets. The cutting-edge technology coupled with top-notch customer support makes it an attractive choice for those looking to elevate their trading experience. Join a community where reliability meets innovation, and take your trading journey to new heights.

      Pros
      • Advanced trading platforms
      • Wide range of instruments
      • Strong regulatory framework
      • High-quality research tools
      Cons
      • High minimum deposit
      • Inactivity fees
      • No MetaTrader platform support
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Varies by asset class
      Regulator
      ASIC, FCA (UK), MAS (Singapore), FSA
      Min. deposit
      $2,000
      Bonus
      None
    • CLM Forex
      CLM Forex
      3.7/5
      Read review Start trading

      CLM Forex, also known as Core Liquidity Markets, has received a mixed response from users across various review platforms. Clients have praised the broker for its user-friendly trading platform and the range of instruments available to trade. The customer service team is often highlighted for being responsive and helpful when issues arise.

      However, some traders have expressed concerns over withdrawal processes, mentioning delays and complications which can be frustrating. There are also occasional mentions of difficulties with account verification and platform stability during high volatility periods in the market.

      Overall, while CLM Forex seems to offer a satisfactory trading experience with commendable support staff, potential clients should be mindful of the challenges they might face regarding withdrawals and platform performance during peak times.

      Pros
      • Regulated by ASIC
      • Offers ECN and STP accounts
      • Supports MetaTrader 4
      • Provides Islamic accounts
      Cons
      • Limited trading platform options
      • No MetaTrader 5 or cTrader
      • Inactivity fee charged
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC
      Min. deposit
      $100
      Bonus
      No
    • Ayondo
      Ayondo
      3.6/5
      Read review Start trading

      Hey there! So, I checked out what folks are saying about Ayondo on those review sites you mentioned. Looks like people have mixed feelings about them. On the bright side, users appreciate their user-friendly platform and the social trading feature that lets traders copy the moves of pros. That's a big plus for newbies trying to get the hang of things.

      But it ain't all sunshine; some users aren't thrilled with customer service – they're finding it tough to get quick and helpful responses when they hit a snag. And then there's talk about withdrawals being a bit of a headache, which is definitely something to keep in mind if easy access to your cash is a big deal for you.

      All in all, Ayondo seems to be doing okay in the tech department but might need to step up their game in customer care and money matters. Keep these points in mind if you're thinking about joining their trading crowd.

      Pros
      • Social Trading platform
      • Regulated by FCA and BaFin
      • Negative Balance Protection
      Cons
      • No MetaTrader platform
      • Limited educational resources
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK), Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
      Min. deposit
      100 EUR/USD/GBP
      Bonus
      No
    • ZuluTrade
      ZuluTrade
      3.6/5
      Read review Start trading

      Based on the collective insights from users across platforms like Trustpilot and Sitejabber, ZuluTrade seems to be a mixed bag for traders. Some users have praised its user-friendly interface and the ability to follow expert traders' strategies, which can be quite beneficial for beginners looking to learn and grow in the trading world. The social trading aspect is frequently highlighted as a standout feature, allowing for a more interactive and communal experience.

      However, there's also a fair share of criticism, particularly regarding customer service responsiveness and issues with withdrawing funds, which has been a point of frustration for some clients. Additionally, a few reviewers have pointed out that while there are successful traders to copy, not all provide consistent results, so choosing whom to follow can be hit or miss.

      In essence, while ZuluTrade offers innovative features that attract many users, potential clients should approach with caution and do thorough research, especially when selecting traders to copy and understanding the platform's fee structure.

      Pros
      • User-friendly platform
      • Wide range of trading instruments
      • Social trading features
      • Automated trading options
      • Regulated in the EU
      Cons
      • No MetaTrader 5
      • Inactivity fees
      • Limited educational resources
      • No direct stock exchange trading
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      N/A
      Regulator
      HCMC (Greece), Other regulations may apply depending on the broker
      Min. deposit
      100 USD
      Bonus
      None listed
    • IFC Markets
      IFC Markets
      3.6/5
      Read review Start trading

      For nearly two decades, IFC Markets has provided high-level trading services across various financial markets, including stocks, forex, and commodities. It caters to traders at ever level, offering instant transactions and low spreads.

      Pros- Is regarded as a reliable forex broker - Offers comprehensive educational materials - Is regulated by reputable financial authorities - Offers a wide range of trading instruments
      Cons- There is limited up-to-date information about its features - It has a subdued geographic presence - It has a relatively high spread - Zero passive income programs
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      BVI FSC, CySEC
      Min. deposit
      1$
      Bonus
      -
    • AlfaForex
      AlfaForex
      3.5/5
      Read review Start trading

      Based on the feedback from various authoritative review platforms, it seems that AlfaForex has garnered a mixed reception among users. Clients appreciate their user-friendly platform and helpful customer service, noting that support staff are responsive and provide useful assistance. However, there are concerns regarding withdrawal processes, with some traders experiencing delays or difficulties when trying to access their funds. Additionally, while some users report satisfactory trading experiences with reasonable spreads and execution speeds, others have expressed dissatisfaction with account management and transparency issues. It's important for potential clients to weigh these reviews and consider both the positive aspects and the reported drawbacks before deciding to trade with AlfaForex.

      Pros
      • Regulated by CySEC
      • Offers MT4
      • Provides Negative Balance Protection
      Cons
      • Limited Trading Platform Options
      • No MetaTrader 5
      • No ECN Account
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC
      Min. deposit
      $200
      Bonus
      No
    • Vantage FX
      Vantage FX
      3.5/5
      Read review Start trading

      Vantage FX generally receives positive feedback from users who appreciate its user-friendly platform and responsive customer support. Clients find the quick execution speeds and competitive spreads beneficial for trading, while the broker's range of instruments and leverage options cater to various trading strategies. However, some users have mentioned issues with withdrawal delays and account verification processes that could be improved. The educational resources offered by Vantage FX are also highlighted as valuable tools for both novice and experienced traders. Overall, the sentiment is that Vantage FX is a reliable choice for those looking to trade in the Forex market, but like any service, there's room for fine-tuning certain aspects to enhance client satisfaction further.

      Pros
      • Regulated by multiple authorities
      • Negative balance protection
      • ECN trading accounts
      • Autochartist and Trading Central tools
      • Islamic account option
      Cons
      • Not available in the USA
      • Inactivity fee
      • No proprietary platform
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      ASIC, CIMA, FCA (UK)
      Min. deposit
      $200
      Bonus
      Occasional promotions and deposit bonuses
    • Dukascopy
      Dukascopy
      3.4/5
      Read review Start trading

      Dukascopy has emphasized customer service and top trading conditions for over 14 years. Features such as swift order execution, accurate quotes, and high liquidity assets place Dukascopy among Europe's safest brokers. Multilingual support is available 24/6 for prompt assistance via phone, chat, or feedback form. Positive feedback highlights accreditation, good trading conditions, and deposit security. However, criticisms include long withdrawals, high commissions, and slow account verification due to stringent security measures.

      Pros
      • Deposit protection up to CHF 100,000 per client
      • ECN trading technology.
      • Low spreads – from 0.1 pips on EUR/USD.
      Cons
      • Leverage goes up to 1:200, which is less than most brokers offer.
      • Higher trading commissions for Islamic accounts.
      • It is impossible to open new positions on weekends.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FINMA
      Min. deposit
      100 USD
      Bonus
      Equity Bonus, Discount Program, Anniversary Bonus
    • Trade.com
      Trade.com
      3.4/5
      Read review Start trading

      Trade.com seems to garner mixed reactions from its users. On the positive side, customers appreciate the platform's user-friendly interface and the variety of trading instruments available. The educational resources provided are also frequently highlighted as beneficial, especially for newcomers to trading.

      However, there's a fair share of criticism too. Some traders express frustration over withdrawal issues and customer service responsiveness. There have been instances where users felt that support was lacking in professionalism and efficiency when dealing with their concerns. Moreover, a few reviews point out problems with account verification processes and delays in executing trades, which can be quite unsettling for active traders.

      Overall, while Trade.com has its strengths in terms of usability and resources, potential clients should remain cautious about the customer service quality and operational hiccups. It's advisable to weigh these aspects carefully before deciding to engage with their services.

      Pros
      • Regulated broker
      • Wide range of instruments
      • Educational resources
      • Multiple trading platforms
      Cons
      • Inactivity fee
      • No MetaTrader 5
      • Limited crypto trading options
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC, FCA (UK), FSCA, ASIC
      Min. deposit
      $100
      Bonus
      n/a
    • OANDA
      OANDA
      3.4/5
      Read review Start trading

      OANDA, as per the collective voice of users on platforms like Trustpilot and Sitejabber, seems to have garnered a reputation for being a reliable and user-friendly broker. Customers appreciate their transparent pricing and the accessibility of their trading platform. The customer service is often highlighted as responsive and helpful, addressing issues with professionalism. However, there are mentions of occasional frustrations regarding withdrawal delays and some users find the platform's interface a bit challenging to navigate at first. Overall, traders express a sense of trust in OANDA's services, citing its regulatory compliance and established market presence as key factors that contribute to their confidence in using this broker for their trading needs.

      Pros
      • Regulated in multiple jurisdictions
      • Advanced charting and analysis tools
      • No minimum deposit
      • Negative balance protection for European clients
      Cons
      • No MetaTrader 5 or cTrader
      • Inactivity fee
      • Limited product portfolio compared to some competitors
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 micro lots
      Regulator
      ASIC, CFTC, FCA (UK), FFAJ (Japan), IIROC (Canada), MAS (Singapore), NFA (US)
      Min. deposit
      $0
      Bonus
      None
    • NPBFX
      NPBFX
      3.4/5
      Read review Start trading

      According to the collective insights from users on platforms like Trustpilot and Sitejabber, NPBFX seems to have carved a niche for itself in the realm of brokerage services. Clients generally express satisfaction with the platform's ease of use, highlighting its user-friendly interface which makes trading accessible for both novices and seasoned traders. The customer service team receives accolades for their responsiveness and helpful attitude, addressing issues promptly and professionally. Moreover, the broker’s execution speed is noted as efficient, contributing positively to the trading experience. While most feedback is positive, it's important to acknowledge that there are occasional mentions of dissatisfaction, but these seem to be the exception rather than the rule. Overall, NPBFX appears to maintain a reputation for reliability and quality service in the eyes of its clients.

      Pros
      • Low minimum deposit
      • Multiple account types
      • MT4 and MT5 platforms
      • Islamic account option
      • Negative balance protection
      Cons
      • Limited educational resources
      • No proprietary platform
      • Not available in some countries
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      IFSC
      Min. deposit
      $10
      Bonus
      No Deposit Bonus, Deposit Bonus
    • Darwinex
      Darwinex
      3.4/5
      Read review Start trading

      Darwinex has garnered a reputation for being a reliable and innovative broker, according to user feedback from various review platforms. Clients appreciate their transparent trading environment and the unique opportunity to invest in 'Darwins,' which are essentially trader strategies that can be copied. While some users find the platform's interface to be somewhat complex, especially for beginners, they also commend the quality of customer support in guiding them through any issues. The educational resources provided are frequently highlighted as helpful for traders looking to improve their skills. However, there have been occasional mentions of high fees compared to other brokers, which is something potential users might want to consider. Overall, Darwinex seems to strike a chord with those looking for a blend of traditional brokerage services and innovative investment opportunities.

      Pros
      • FCA regulated
      • Advanced trading tools
      • Social trading platform
      • Transparent fee structure
      Cons
      • Limited product portfolio
      • No US clients
      • No 24/7 support
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK)
      Min. deposit
      500 EUR
      Bonus
      None
    • Swissquote
      Swissquote
      3.4/5
      Read review Start trading

      Discover the world of trading with Swissquote, a broker that stands out for its robust platform and exceptional service. Praised by users for its reliability and user-friendly experience, Swissquote offers an array of tools tailored to both novice and seasoned traders. With access to a wide range of markets including Forex, stocks, and commodities, you have the freedom to diversify your portfolio seamlessly.

      Swissquote's commitment to innovation is evident through their unique features which empower traders to make informed decisions. Clients appreciate the comprehensive educational resources and real-time data analysis provided, ensuring you're equipped with knowledge to navigate the financial markets confidently. Join a community where trust and support are paramount, and take your trading journey to new heights with a broker that truly values your success.

      Pros
      • Regulated by multiple authorities
      • Wide range of instruments
      • Advanced trading platforms
      • Strong banking background
      Cons
      • High minimum deposit
      • Inactivity fees
      • Limited bonus and promotions
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      DFSA, FCA (UK), MAS (Singapore), FINMA, SFC
      Min. deposit
      1000 CHF or equivalent
      Bonus
      No bonus offers
    • Insta Forex
      Insta Forex
      3.3/5
      Read review Start trading

      InstaForex is a reliable and professional service for traders of all types, from beginners to experienced traders. There are various account types available, a low minimum order, and over 2,500 forex instruments. Customer reviews are positive, especially praising their excellent customer service. The website is easy to use, providing quick access to information.

      Pros
      • The broker offers products for passive investments, such as copy trading services and PAMM accounts
      • The broker has unconventional technical solutions like Stock Basket, OYS accounts, InstaSpot (P2P spot trading), etc.
      Cons
      • Restrictions create difficult circumstances for European retail traders
      • Up to 15 seconds, a lag may occur between a deal completed by a trader and the trade replicated to the investor's account on the social trading platform.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      BVI FSC, CySEC
      Min. deposit
      $1
      Bonus
      Welcome bonuses, No Deposit Bonus, Club Bonus, 55% Bonus, 30% Bonus, 100% Bonus
    • Hirose
      Hirose
      3.3/5
      Read review Start trading

      Alright, let's talk about Hirose. From what folks have been saying online, it seems like this broker is getting some mixed feedback. On the positive side, users appreciate their user-friendly platform and commend them for the decent customer support they provide – always a plus when you're navigating the trading world. However, there are whispers about withdrawal issues that might raise an eyebrow or two. Some traders aren't too thrilled about delays in getting their money out, which can be a bit of a downer if you need your funds quick. And while every service has its ups and downs, it's worth noting that these reviews give us a heads-up on what to expect. Just remember, take everything with a grain of salt and do your own research too!

      Pros
      • Regulated by FCA
      • Low minimum deposit
      • MT4 platform
      • Islamic account option
      Cons
      • Limited trading instruments
      • No MetaTrader 5
      • No social or copy trading
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK)
      Min. deposit
      $20
      Bonus
      No
    • GKFX
      GKFX
      3.2/5
      Read review Start trading

      GKFX has received mixed feedback from users across various review platforms. Many traders appreciate the broker's user-friendly platform and the range of instruments available for trading. Customers have also praised their responsive customer support team, who are noted for being helpful and efficient in resolving issues.

      However, some users have expressed dissatisfaction with withdrawal processes, mentioning delays or complications when trying to access their funds. A few reviews pointed out concerns regarding spreads and fees, suggesting they could be more competitive.

      Despite these critiques, a number of clients remain loyal to GKFX, citing reliability and the educational resources provided as reasons for their continued use of the brokerage services. Overall, while there is room for improvement in certain areas, a fair portion of the trading community seems to trust and value GKFX for their online trading needs.

      Pros
      • Regulated by multiple authorities
      • Offers MetaTrader 4 and MetaTrader 5
      • Negative balance protection
      • Wide range of instruments
      Cons
      • Unavailable in the USA
      • No ECN or DMA accounts
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ACP, BaFin, CNB, CNMV, CONSOB, FCA (UK)
      Min. deposit
      Variable depending on account type and region
      Bonus
      No
    • AAATrade
      AAATrade
      3.1/5
      Read review Start trading

      AAATrade has garnered a mixed reception from users across various review platforms. Some traders appreciate the wide range of investment options and commend the responsive customer support team, noting that their queries are handled efficiently. The platform's user-friendly interface is also frequently mentioned as a positive feature, making trading accessible for both beginners and experienced investors.

      However, there have been concerns raised about withdrawal processes, with some users experiencing delays or complications when trying to access their funds. Additionally, a few reviews point out issues with account verification, which can be time-consuming for certain clients.

      Overall, while AAATrade seems to offer a satisfactory service for many, prospective clients should remain aware of potential challenges related to withdrawals and account verification based on public feedback.

      Pros
      • Regulated by CySEC
      • Wide range of instruments
      • MT4 platform
      • Negative balance protection
      • Islamic account option
      Cons
      • No MetaTrader 5
      • No US clients
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC
      Min. deposit
      $500
      Bonus
      No bonuses currently offered
    • IronFx
      IronFx
      3.1/5
      Read review Start trading

      IronFX has garnered mixed reviews from users across various platforms. Some traders have praised the broker for its diverse range of trading instruments and user-friendly platform, appreciating the access to global markets it provides. However, a significant number of clients have raised concerns about withdrawal issues and customer service responsiveness. While there are positive comments about educational resources and research tools available, complaints regarding account management and transparency seem to persist. Overall, potential clients might want to weigh the reported advantages against the drawbacks pointed out by some reviewers before deciding to trade with IronFX.

      Pros
      • Regulated by multiple authorities
      • Wide range of instruments
      • MT4 and MT5 platforms
      • Various account types
      Cons
      • Inactivity fee
      • No US clients
      • Limited crypto offerings
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      ASIC, FCA (UK), CySEC, FSCA
      Min. deposit
      $100
      Bonus
      Variable promotions and bonus offers
    • World Forex
      World Forex
      3/5
      Read review Start trading

      Alright, let's talk about World Forex based on what real users are saying out there. People seem pretty happy with the trading platforms offered — they're user-friendly and packed with features that traders of all levels can appreciate. The account setup process is getting thumbs up for being straightforward, which means you can get down to business without a lot of hassle.

      When it comes to customer service, it looks like World Forex has a solid team. Users mention responsive support staff who are ready to tackle issues whenever they pop up. That’s a big relief, especially when money's involved.

      However, not everyone's singing praises. Some folks have griped about withdrawal times, finding them slower than they'd like. And while no one likes waiting, it seems this isn't a deal-breaker, as the overall trust in the broker remains high.

      So, summing it up: great platform, easy start, helpful support, but be prepared for potential slow-motion when cashing out. Keep that in mind if you decide to dive into trading with World Forex.

      Pros
      • Low minimum deposit
      • High leverage
      • Variety of trading instruments
      • Demo account available
      • Islamic account option
      Cons
      • Not regulated
      • Limited educational resources
      • No MetaTrader 5 or cTrader platforms
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      Not regulated by any major authority
      Min. deposit
      $1
      Bonus
      100% deposit bonus, Cashback program
    • Interactive brokers
      Interactive brokers
      3/5
      Read review Start trading

      Interactive Brokers stands out as a top choice for traders seeking a robust platform with a global reach. Renowned for its extensive range of trading instruments, users can access markets worldwide, making it an ideal fit for both seasoned investors and those looking to diversify their portfolios.

      Clients praise its competitive pricing structure, which includes low commissions that cater to cost-conscious traders without compromising on execution speed or quality.

      The broker's advanced technology is often highlighted in reviews, offering a powerful trading suite tailored to the needs of serious traders. Unique features such as sophisticated charting tools, risk management options, and customizable interfaces receive positive feedback, enhancing the overall trading experience.

      Moreover, the educational resources provided are greatly appreciated by new users, who find them helpful for navigating the complexities of financial markets. With these compelling offerings, Interactive Brokers continues to attract traders who demand excellence and innovation from their brokerage services.

      Pros
      • Advanced trading platforms
      • Access to international markets
      • Competitive commissions
      • Robust research tools
      Cons
      • Complex fee structure
      • Not beginner-friendly
      • No MetaTrader platform support
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      No minimum order size
      Regulator
      FCA (UK), Financial Industry Regulatory Authority (FINRA), IIROC (Canada), NYSE (US), SEC
      Min. deposit
      $0 for IBKR Lite, $100 for IBKR Pro
      Bonus
      No bonuses offered
    • Gerchik & Co
      Gerchik & Co
      2.9/5
      Read review Start trading

      Gerchik & Co has garnered mixed feedback from users across various review platforms. Clients appreciate the broker for its educational resources and the transparency it offers, which is a big plus for beginners and seasoned traders alike. The risk management tools provided are also frequently highlighted as beneficial. However, some users have expressed concerns over customer service responsiveness, with reports of slow support being an issue. Additionally, there have been mentions of challenges in withdrawing funds, causing frustration among some clients. Overall, while Gerchik & Co seems to offer valuable tools and information for traders, they may need to improve aspects of their client service experience to enhance overall satisfaction.

      Pros
      • Regulated broker
      • MT4 and MT5 platforms
      • Demo account available
      • Negative balance protection
      Cons
      • Limited educational resources
      • No Islamic account
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lot
      Regulator
      Vanuatu Financial Services Commission (VFSC)
      Min. deposit
      $500
      Bonus
      No
    • Forex Chief
      Forex Chief
      2.8/5
      Read review Start trading

      A broker that boasts a wide range of assets to trade, supports multiple trading terminals, and offers competitive spreads.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      MISA
      Min. deposit
      -
      Bonus
      -
    • Grand Capital
      Grand Capital
      2.7/5
      Read review Start trading

      Grand Capital is a New York-based broker focusing on advanced technology, using ECN to place orders in the currency market. Grand Capital prioritizes safety, with a separate cryptocurrency account and blockchain protection called Serenity. Customers can use Grand Capital’s proprietary platform as well as the MT4 and MT5 platforms. The downside of Grand Capital is the high fees for specific accounts and withdrawals.

      Pros
      • Direct access to Currenex guarantees rapid order execution in ECN accounts and comparatively low spreads. It facilitates passive investment. The Financial Commission regulates the broker.
      Cons
      • Stock binary options are not available
      • Uncontrolled brand
      • Fees incurred with withdrawals.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      FinaCom PLC
      Min. deposit
      $10
      Bonus
      Deposit Bonus, No Deposit Bonus, Contests
    • SimpleFX
      SimpleFX
      2.6/5
      Read review Start trading

      SimpleFX has garnered a mixed reception from users. On the positive side, traders appreciate its user-friendly interface and the flexibility of trading with cryptocurrency. The platform's no minimum deposit requirement is also well-received, making it accessible for beginners. Additionally, clients are pleased with the leverage options provided.

      However, there are concerns about customer service responsiveness, which some users find lacking. Issues around withdrawal processes have been noted, with a few traders experiencing delays or complications when trying to access their funds. Despite these criticisms, the overall sentiment suggests that SimpleFX offers a decent experience for those looking to trade in various markets, particularly if they're interested in using crypto assets. It's advisable for potential users to weigh the convenience of the platform against the feedback on support and withdrawals before diving in.

      Pros
      • No minimum deposit
      • Cryptocurrency accounts
      • Negative balance protection
      • User-friendly platform
      Cons
      • Not regulated
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      Not regulated by any major authority
      Min. deposit
      No minimum deposit
      Bonus
      Various promotions and deposit bonuses
    • OptionRobot
      OptionRobot
      2.5/5
      Read review Start trading

      OptionRobot is quickly becoming a popular choice among traders looking for an innovative and user-friendly trading platform. It's designed to cater to both novice and experienced traders, offering a seamless experience with its cutting-edge technology and customizable settings that allow users to tailor their trading strategies according to their preferences.

      One of the unique features of OptionRobot is its automated trading software, which gives traders the ability to set their parameters and let the robot execute trades on their behalf, potentially saving time and reducing the emotional stress associated with trading. With positive feedback from users who appreciate the platform's reliability and the responsive customer support team, OptionRobot stands out in the competitive world of online trading. Its commitment to providing a transparent and trustworthy environment makes it an attractive option for those looking to dive into the world of binary options trading.

      Pros
      • Free demo account
      • User-friendly interface
      • Variety of settings
      Cons
      • Not regulated
      • Limited asset selection
      • No mobile app
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not available
      Regulator
      Not regulated by any major authority
      Min. deposit
      Not available
      Bonus
      No bonus
    • RoboForex
      RoboForex
      2.5/5
      Read review Start trading

      RoboForex is often praised for its user-friendly platform and diverse trading instruments, making it a hit among both newbies and seasoned traders. Clients appreciate the low spreads and commission rates which enhance profitability. The broker's customer support also receives thumbs up for being responsive and helpful, addressing issues promptly. However, some users have expressed concerns over withdrawal processes, mentioning delays or complications, though these experiences seem to be in the minority. On the whole, RoboForex stands out for its educational resources and bonuses, with many feeling confident in recommending it as a reliable broker for navigating the forex market.

      Pros
      • Low minimum deposit
      • High leverage
      • Variety of account types
      • Extensive range of trading instruments
      • Negative balance protection
      • Multiple trading platforms
      • Various bonuses and promotions
      Cons
      • Not available in the USA
      • Canada
      • and some other countries
      • Offshore regulation
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      IFSC
      Min. deposit
      10 USD
      Bonus
      Welcome Bonus
    • EXANTE
      EXANTE
      2.5/5
      Read review Start trading

      EXANTE has garnered mixed reactions from users, with some praising the platform for its wide range of financial instruments and user-friendly interface. Clients appreciate having access to global markets and the ability to trade various assets through one account. The customer service is often highlighted as responsive and helpful, addressing queries efficiently.

      However, other users have experienced issues, particularly regarding withdrawal processes which can be slow or cumbersome. Some reviews also point out higher fees compared to competitors, which could be a drawback for cost-conscious traders. There are mentions of technical glitches that occasionally hinder trading activities, causing frustration among clients.

      Overall, while EXANTE offers extensive trading opportunities and supportive customer service, potential users should weigh these benefits against the concerns over fees, withdrawal delays, and occasional technical problems before deciding if it's the right broker for their needs.

      Pros
      • Wide range of instruments
      • Regulated by multiple authorities
      • Access to over 50 global exchanges
      • Advanced trading platform
      Cons
      • High minimum deposit
      • No MetaTrader platform
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      CySEC, FCA (UK), MFSA
      Min. deposit
      10,000 USD
      Bonus
      None
    • BinBotPro
      BinBotPro
      2.4/5
      Read review Start trading

      BinBotPro is gaining attention in the trading community for its user-friendly interface and innovative features. It's designed to cater to both new and experienced traders, offering a seamless experience that simplifies the process of executing trades. With an intuitive platform, users can easily navigate through various options and customize their trading strategies.

      One of the standout aspects of BinBotPro is its automated trading bots, which are a hit among users who appreciate the convenience of setting up their trading activities without constant monitoring. The broker also offers a variety of assets to trade with, ensuring that there's something for every investment preference. Users rave about the responsive customer service team, which adds to the overall positive experience on the platform. Sign up today and join the many traders who have found success with BinBotPro!

      Pros
      • Simple and user-friendly platform
      • Spot trading available
      • Auto Trading feature
      Cons
      • Not regulated
      • Limited range of instruments
      • No demo competitions
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      1 USD
      Regulator
      Unverified
      Min. deposit
      250 USD
      Bonus
      Up to 100% Welcome Bonus
    • Raceoption
      Raceoption
      2.3/5
      Read review Start trading

      RaceOption is a worldwide trading company which specializes in forex binary options and copy trading. The broker has three account types and a demo option suitable for all traders. The platform is website-based, meaning no installations are necessary to get started. There are no extra fees. RaceOption does not offer training, but it is available to all traders worldwide, helping users make money actively or passively.

      Pros
      • The broker offers various ways you can generate income
      • Users have access to numerous deposit and withdrawal methods
      • The broker provides services to traders globally.
      Cons
      • The broker charges a commission of 5% when VISA cards are used to deposit or withdraw
      • No training or educational materials available.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      None
      Min. deposit
      $25
      Bonus
      20-100% deposit bonus depending on the amount
    • Fibo Group
      Fibo Group
      2.3/5
      Read review Start trading

      Fibo Group has garnered mixed feedback from traders. Users have praised their platform for its user-friendly interface and the variety of trading instruments available, which cater to both novice and seasoned investors. The educational resources provided are also a hit among clients, helping them make informed decisions. On the flip side, some users have expressed concerns over withdrawal processes and customer support, citing delays and less responsive service than expected. While there's appreciation for the broker's competitive spreads, the issues with support and withdrawals are points that potential customers might want to consider when choosing Fibo Group as their trading partner. Overall, it seems like a solid choice with room for improvement in client services.

      Pros
      • Regulated broker
      • Variety of trading instruments
      • MT4 and MT5 platforms
      • Islamic account option
      • Negative balance protection
      Cons
      • Not available in the USA
      • No proprietary platform
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC, FSC, FSCS
      Min. deposit
      $50
      Bonus
      No
    • LiquidityX
      LiquidityX
      2.3/5
      Read review Start trading

      At first glance, LiquidityX might look like a basic forex and CFD broker. In fact, it's a well-regulated broker that differentiates itself with great educational offerings and round the clock customer support.

      Based on a thorough review of its features, LiquidityX earns a TB score of 7 out of 10.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $250
      Bonus
      -
    • ForTrade
      ForTrade
      2.1/5
      Read review Start trading

      ForTrade has garnered positive feedback from many users who appreciate its user-friendly platform and the ease of starting trades. Clients have praised the educational resources available, which they find particularly helpful for beginners. The customer service team receives accolades for being responsive and knowledgeable, addressing issues efficiently when they arise.

      However, some reviews point out that withdrawal times can be slower than expected, causing a bit of frustration among traders eager to access their funds. Overall, ForTrade is often recommended as a reliable broker, especially for those new to the trading scene, looking for support and an intuitive trading experience.

      Pros
      • Regulated by multiple authorities
      • Offers negative balance protection
      • Provides a demo account
      Cons
      • Limited platform options
      • No ECN or DMA accounts
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      FCA (UK), AIFC, ASIC, CySEC, IIROC, NBRB
      Min. deposit
      $100
      Bonus
      No bonus information available
    • LexaTrade
      LexaTrade
      2.1/5
      Read review Start trading

      LexaTrade isn’t your run-of-the-mill forex broker. It is a zero-commission broker that gives you access to spot commodities, stocks, and CFD-based cryptocurrencies, indices, and ETFs. It is one of the few Forex and CFD brokers with a highly detailed process and insight-led approach to trading.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      -
    • London Capital Group
      London Capital Group
      1.9/5
      Read review Start trading

      LCG Trader started in 1996. LCG Trader wants to give good services and keep trading affordable to its clients. You only need $10 to open an account. They help beginner traders with training and learning materials. If you're Muslim, they have swap-free accounts. LCG mainly works with active traders, so no passive income programs or contests. But, be aware they can't work with people from certain countries like Australia, Canada, and the USA.

      Pros
      • Low minimum deposit requirements.
      • They have many trading instruments.
      • It offers Islamic accounts.
      Cons
      • The broker does not accept clients from certain countries.
      • Support for customers is closed on weekends.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK)
      Min. deposit
      100 GBP
      Bonus
      None
    • SuperForex
      SuperForex
      1.9/5
      Read review Start trading

      Based on the collective insights from various review platforms, SuperForex has garnered mixed feedback from its users. Some traders appreciate the broker for its user-friendly platform and the range of trading instruments available, highlighting positive experiences with customer support and the ease of account setup.

      However, there are also concerns noted by a number of clients regarding withdrawal issues and unclear terms, which have caused frustration. Additionally, while some users report satisfactory educational resources, others believe improvements could be made in this area.

      Overall, potential clients might want to weigh the convenience of getting started with SuperForex against the reported challenges in funds management before deciding to trade with them.

      Pros
      • Low minimum deposit
      • High leverage
      • Variety of bonuses
      • Multiple account types
      • Islamic account option
      Cons
      • Not regulated by top-tier authorities
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      International Financial Services Commission (IFSC)
      Min. deposit
      $1
      Bonus
      Welcome Bonus, Energy Bonus, Hot Bonus, Dynamic Bonus, No Deposit Bonus
    • Teletrade
      Teletrade
      1.8/5
      Read review Start trading

      Based on the collective insights from various authoritative review platforms, Teletrade has received a mixed response from its users. Some traders have praised the broker for its educational resources and customer support, noting that the guidance provided by their consultants was particularly helpful for beginners. However, there are also concerns raised about withdrawal difficulties and unclear fee structures which have left several customers dissatisfied. A few reviews have pointed out issues with account management and responsiveness, suggesting room for improvement in client relations. Overall, while Teletrade offers valuable tools for traders, potential clients should be mindful of the critiques regarding financial transactions and transparency when considering this broker.

      Pros
      • Regulated broker
      • Variety of instruments
      • Educational resources
      Cons
      • Inactivity fee
      • No US clients
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC, FSCA, MiFID II
      Min. deposit
      100 USD
      Bonus
      Loyalty Program, 100% Sharing Bonus, 24% Annual Interest Rate
    • 365 trading
      365 trading
      1.6/5
      Read review Start trading

      365 Trading lets you trade binary options quickly and easily. The platform responds to user feedback and uses that feedback to continually improve their platform. Users enjoy the different tools available on the platform, such as the unique charting tool, and customers can switch between line graphs and candlesticks. The broker also has a robot for the latest news. It's a great choice for beginners, as it has training videos. The platform is in English, Norwegian, Swedish, Danish, and German.

      Pros
      • This broker offers up to 85% in returns
      • Educational materials are available for novice traders
      • Offers an unlimited maximum bonus.
      Cons
      • The required minimum deposit is relatively high at $100.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC
      Min. deposit
      $100
      Bonus
      No
    • Binarycent
      Binarycent
      1.5/5
      Read review Start trading

      Binarycent is a broker for binary options. Visa Inc. and Mastercard Inc. check the broker to ensure your information is safe with SSL encryption.

      Even though it's not regulated, you can make money using their Copy Trades Tool and an affiliate program. The website is easy to use in 8 languages, but some parts are only in English.

      Pros
      • Quick and straightforward registration process
      • Fast and convenient money withdrawal.
      Cons
      • The broker operates without a license or other regulations
      • Lack of instructional materials
      • A sizable minimum deposit amount is required.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.1 lot
      Regulator
      None
      Min. deposit
      $250
      Bonus
      Up to 100% deposit bonus
    • BDSwiss
      BDSwiss
      1.5/5
      Read review Start trading

      BDSwiss has garnered a mix of feedback from users across various review platforms. Many traders appreciate the broker's user-friendly platform, which they find intuitive and easy to navigate, making their trading experience smooth.

      The educational resources available are also frequently highlighted as valuable for both novice and experienced traders. Customer service seems to be another strong point, with several reviews praising the prompt and helpful support team.

      However, some users have expressed concerns over withdrawal processes and fees, mentioning delays and lack of transparency in certain cases. There are also occasional mentions of difficulties with account verification and management.

      While positive experiences seem prevalent, it's clear that there are areas where BDSwiss could work on improving to enhance client satisfaction further. Overall, the company appears to maintain a solid reputation among many of its users, but prospective clients should consider the mixed nature of the reviews when deciding whether to trade with BDSwiss.

      Pros
      • Regulated broker
      • Wide range of instruments
      • MT4 and MT5 platforms
      • Educational resources
      • Multiple payment methods
      Cons
      • Inactivity fee
      • No US clients
      • Limited product portfolio compared to some competitors
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      CySEC, FSA, FSC
      Min. deposit
      $100
      Bonus
      No
    • Mercatox
      Mercatox
      1.5/5
      Read review Start trading

      Embark on your trading journey with Mercatox, a versatile broker that caters to diverse trading preferences. With its user-friendly platform, both novice and seasoned traders can navigate the markets with ease. Mercatox stands out with its unique offerings such as a multi-currency wallet, providing traders with the flexibility to manage various assets efficiently.

      The platform is praised for its commitment to security, incorporating advanced measures to protect users' investments. Additionally, its competitive fee structure ensures that traders can maximize their profits without worrying about excessive costs. Join the growing community of satisfied traders who have found Mercatox to be a reliable partner in exploring the exciting world of trading.

      Crypto Coins
      No
      Demo account
      No
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      -
    • Charles Schwab
      Charles Schwab
      1.5/5
      Read review Start trading

      Unlock your financial potential with Charles Schwab, a broker that stands out in the world of investing. Praised for its robust platform, users rave about the seamless experience from trading to tailored investment advice.

      Whether you're a seasoned trader or just starting, Charles Schwab caters to all levels with easy-to-use tools and educational resources that empower you to make informed decisions.

      Experience top-notch customer service where support is always at hand, ensuring your queries and concerns are addressed promptly. With an array of investment options and cutting-edge technology, Charles Schwab is committed to helping you grow your portfolio.

      Join the multitude of satisfied clients who have found a reliable partner in their financial journey. Start shaping your future today with a broker that truly understands your investment needs.

      Pros
      • No account minimums
      • Strong research tools
      • Extensive educational resources
      • Robust trading platforms
      • Excellent customer service
      Cons
      • No forex or futures trading
      • Limited access to international markets
      • No MetaTrader platform
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $0
      Bonus
      Occasional promotional offers for new accounts
    • Umarkets
      Umarkets
      1.3/5
      Read review Start trading

      Umarkets has garnered mixed feedback from users across various review platforms. Some traders appreciate the platform's range of trading instruments and user-friendly interface, noting that it provides a decent experience for both new and seasoned investors. There are mentions of responsive customer service which is seen as a plus by several clients.

      However, there is also a fair share of criticism. A number of reviews point out issues with withdrawal processes, claiming delays and complications when trying to access their funds. Additionally, concerns have been raised about account managers being overly persistent, which some users find intrusive and uncomfortable.

      It's important to note that while positive reviews highlight satisfactory trading conditions, the negative remarks—especially regarding fund withdrawals—tend to stand out and may cause potential users to approach this broker with caution. As always, due diligence is advised before engaging with any trading platform.

      Pros
      • Multiple account types
      • Islamic account option
      • MT4 platform support
      • Managed accounts
      Cons
      • Not regulated by top-tier authorities
      • Inactivity fees
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      IFSC
      Min. deposit
      $500
      Bonus
      Varies by promotion
    • Ally Invest
      Ally Invest
      1.2/5
      Read review Start trading

      Ally Invest emerges as a standout choice for both novice and seasoned traders seeking an accessible yet robust trading platform. With competitive pricing, including zero commissions on U.S. stocks, ETFs, and options trades, it's an attractive option for those looking to maximize their investment returns without hefty fees. The user-friendly interface simplifies the investing process, making it easier to dive into the markets.

      Additionally, Ally Invest offers a wealth of educational resources that cater to investors at all levels, empowering them with the knowledge to make informed decisions. Their 24/7 customer support is frequently praised, ensuring users have assistance whenever they need it. With these unique features, Ally Invest positions itself as a compelling broker that could be the perfect partner in your financial journey.

      Pros
      • $0 commissions on U.S. listed stocks and ETFs
      • Robo Advisor available
      • Managed portfolios
      • User-friendly platform
      Cons
      • Limited research tools
      • No forex or futures trading
      • No international trading
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      Not specified
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $0
      Bonus
      Occasional promotional offers
    • TD Ameritrade
      TD Ameritrade
      1.2/5
      Read review Start trading

      TD Ameritrade is a highly regarded brokerage known for its exceptional trading platforms, comprehensive research tools, and extensive educational resources. Its user-friendly interface makes it an excellent choice for both novice and experienced investors alike. Clients rave about the seamless trading experience, with access to a wide range of investment options including stocks, bonds, ETFs, and more.

      The broker stands out for its top-notch customer service, where traders feel supported every step of their investment journey. With no minimum deposit to start and competitive pricing, TD Ameritrade provides an accessible platform for all types of traders. Additionally, its advanced features cater to those interested in more sophisticated trading strategies. Join the multitude of satisfied users who have found success and empowerment in managing their investments with this trusted brokerage.

      Pros
      • Extensive research tools
      • Advanced thinkorswim trading platform
      • No minimum deposit
      • Large selection of tradable instruments
      • Free access to a wide range of educational resources
      Cons
      • Not available to traders outside of the United States
      • Limited forex trading to major pairs and crosses
      • No MetaTrader platform support
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      N/A
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $0
      Bonus
      None
    • JustForex
      JustForex
      Read review Start trading

      JustForex seems to be receiving mixed feedback from users across various review platforms. Some traders appreciate the platform for its user-friendly interface and range of trading instruments, noting that it's easy to navigate and offers a good trading experience. There are mentions of responsive customer support which many have found helpful and professional when resolving issues.

      However, there appears to be a number of concerns as well. Several users have reported challenges with withdrawal processes, claiming delays and complications in getting their funds, which is causing frustration among them. Others have pointed out issues with account verification, stating that the process can be tedious and unclear at times.

      Overall, JustForex has its advocates among traders who value its functionality and support, but it also faces criticism regarding fund withdrawals and account management. Potential users should weigh these experiences carefully against their own trading needs and preferences.

      Pros
      • Low minimum deposit
      • High leverage options
      • Various account types
      • MT4 and MT5 platforms
      • Cryptocurrency trading
      Cons
      • Not regulated by a major financial authority
      • Limited educational resources
      • No proprietary trading platform
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
      Min. deposit
      $1
      Bonus
      Varies (seasonal promotions may apply)
    • Freshforex
      Freshforex
      Read review Start trading

      FreshForex generally receives mixed feedback from users. Traders appreciate the broker's competitive spreads and a variety of account types, which cater to different trading styles. The ease of account setup and the speed of execution are also highlighted as positives. However, some users express concerns over customer service responsiveness, with reports of slow support and difficulties in communication when issues arise. Additionally, there are occasional mentions of challenges with withdrawals, where users have faced delays or complications in receiving their funds. It's important for potential clients to weigh these user experiences and consider testing the platform with smaller amounts before fully committing.

      Pros
      • High leverage
      • Variety of account types
      • Bonuses and promotions
      • Educational resources
      Cons
      • Not regulated by a top-tier financial authority
      • Inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
      Min. deposit
      $200
      Bonus
      No Deposit Bonus, Deposit Bonus, Tradable Bonus
    • FXCM
      FXCM
      Read review Start trading

      FXCM seems to have a mixed reputation among users, with some praising its user-friendly platform and the range of tools available for trading. Many appreciate the educational resources provided, which help newcomers get up to speed with forex trading. On the flip side, there are concerns about customer service responsiveness; several users report difficulties in getting timely support when issues arise. Additionally, some traders express dissatisfaction with withdrawal processes and fees, feeling they could be more transparent or efficient. Despite these criticisms, loyal customers highlight FXCM's reliability and the trust they have in the broker's services. Overall, it appears that while FXCM has areas to improve, particularly in customer support, many users find value in its trading platform and resources.

      Pros
      • Regulated by multiple major authorities
      • Offers a range of platforms
      • Provides negative balance protection
      Cons
      • Does not offer MetaTrader 5
      • Limited product portfolio
      • Inactivity fees
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, CySEC, FCA (UK), FSCA
      Min. deposit
      $50
      Bonus
      No
    • xDirect
      xDirect
      0/5
      Read review Start trading

      From the collective insights of users on platforms like Trustpilot and Sitejabber, it seems that xDirect has garnered a mixed reception. Clients appreciate their user-friendly platform and the accessibility of educational resources for new traders. The customer service is often highlighted as responsive and helpful, addressing issues with professionalism. However, there are mentions of dissatisfaction regarding withdrawal processes which some users describe as slower than expected. A few reviews also point out concerns over spreads and fees, suggesting they could be more competitive. Overall, while xDirect appears to have a solid foundation in terms of service and support, potential clients might want to weigh the pros against the cons of financial specifics before diving in.

      Pros
      • Tight spreads
      • ECN account
      • social trading
      • managed accounts
      Cons
      • Higher minimum deposit
      • limited inactivity fee
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01
      Regulator
      BaFin, CySEC, FCA (UK)
      Min. deposit
      100
      Bonus
      100% Welcome Bonus (terms apply)
    • CXMARKETS
      CXMARKETS
      0/5
      Read review Start trading

      Based on the collective feedback from users across various reputable review platforms, it seems that CXMARKETS has garnered a mixed reputation. A number of traders have praised the platform for its user-friendly interface and responsive customer service team. Clients appreciate the educational resources available, which help newcomers navigate the complexities of trading.

      On the flip side, some users have expressed dissatisfaction with withdrawal processes and the transparency of fees. There are reports of difficulties in accessing funds and a lack of clear communication regarding charges incurred during transactions. These concerns appear to be significant enough to prompt potential customers to approach CXMARKETS with caution.

      Overall, while there are positive aspects highlighted by users, such as the platform's functionality and support, the criticisms related to financial operations suggest that there is room for improvement in terms of service clarity and reliability.

      Pros
      • Wide range of instruments
      • competitive spreads
      • multiple platforms
      • social trading
      • regulated in multiple jurisdictions
      Cons
      • Inactivity fees
      • limited crypto offerings
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lot
      Regulator
      ASIC, CySEC, FCA (UK)
      Min. deposit
      100 USD/EUR/GBP
      Bonus
      Welcome bonus program available
    • Weltrade
      Weltrade
      Read review Start trading

      Weltrade, as perceived by its users across various review platforms, seems to be a broker with mixed feedback. Many traders appreciate the platform for its user-friendly interface and responsive customer support.

      They often highlight the ease of account setup and the range of trading tools available, which cater to both new and experienced traders. On the flip side, some users have expressed concerns over withdrawal processes and fees, mentioning occasional delays or lack of transparency.

      Despite these complaints, there's a general sense that Weltrade maintains a decent reputation in the market, with several reviewers specifically noting their satisfaction with the educational resources provided by the broker.

      Overall, while no brokerage service is without criticism, Weltrade appears to hold its own thanks to its supportive features and services, although it may need to address certain issues to enhance user experience further.

      Pros
      • Low minimum deposit
      • Various account types
      • MT4 and MT5 platforms
      • Negative balance protection
      • Cryptocurrency trading
      Cons
      • Not available in all countries
      • No proprietary platform
      • Limited educational resources
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      IFSC (Belize)
      Min. deposit
      $25
      Bonus
      100% Credit Bonus, Cashback Program
    • ROBINHOOD
      ROBINHOOD
      Read review Start trading

      Embark on your trading journey with a broker that's been celebrated by users for its user-friendly interface and innovative features. This platform stands out in the digital brokerage space, providing commission-free trades that empower both novice and experienced investors to take control of their financial destiny without the burden of unnecessary fees.

      Discover an intuitive app that simplifies investing, making it accessible to everyone. With real-time market data, personalized news feeds, and easy-to-use tools, you can make informed decisions and manage your portfolio with confidence. Users rave about the seamless experience from signing up to executing trades, all backed by robust security measures to keep your investments safe.

      Join a community of traders who value transparency and convenience. Whether you're looking to dive into stocks, ETFs, or cryptocurrencies, this platform offers a dynamic environment tailored to meet the needs of today’s trader. Get ready to elevate your investment game with a trusted broker that puts you first.

      Pros
      • Commission-free trades
      • No account minimum
      • User-friendly mobile app
      Cons
      • Limited research tools
      • No retirement accounts
      • Limited customer support
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      1 share or $1 for fractional shares
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $0
      Bonus
      None
    • EagleFX
      EagleFX
      Read review Start trading

      If you want to explore low-cost crypto, CFD, and forex trading options, all while having high-leverage trading tools handy, EagleFX is the right option for you. If you insist on using a regulated broker, however, you will have to look elsewhere.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      10$
      Bonus
      There are no bonuses, but copy trading leaderboards are there
    • FXCC
      FXCC
      Read review Start trading

      Drawing from my experience as a seasoned trader, I highly recommend the Forex Central Clearing Company to those who've already cut their teeth in the trading world. Its refreshingly straightforward platform makes it a top pick for traders who've moved beyond the basics.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      Cyprus Securities and Exchange Commission (CySEC)
      Min. deposit
      -
      Bonus
      100% bonus on the first deposit
    • Eightcap
      Eightcap
      Read review Start trading

      Eightcap is a CFD trading platform founded in 2009 and based in Melbourne, Australia. As a multi-award-winning broker, Eightcap has over 800 financial instruments across multiple asset classes, including forex, crypto, indices, commodities, and shares, making it a solid choice for many investors.

      If you’re into trading Contracts for Difference (CFD), Eightcap is a trading platform worth looking into.

      Pros- Regulated by reputable international authorities across four jurisdictions - Won several prestigious awards for its trading services, which highlights its credibility - Supports a wide variety of financial instruments (800+) - Low spreads and zero fees for deposits and withdrawals - Silky-smooth sign-up and trading process
      Cons- Limited currency selection compared to other established trading platforms - Educational resources missing the ability to filter by level of trading experience - Not supported in the United States - Doesn’t offer the MetaTrader collections in the United Kingdom - Lack of basic security features like 2FA and face ID
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      ASIC, CySEC, FCA, SCB
      Min. deposit
      100$
      Bonus
      -
    • DAXrobot
      DAXrobot
      Read review Start trading

      If you want an automated trading platform that lets bots do the work for you, DAXrobots is a great choice. It offers a diverse range of assets (like forex pairs, crypto, and stocks) and lets you access Binary Options, eliminating spreads and trading fees from the discussion.

      Pros- User-friendly UI -Automated trading support - Access to stock, index, crypto, and other CFDs - Supports a diverse range of payment methods - Live support is available 24x7
      Cons- Limited broker access - Doesn’t work under regulatory oversight - High deposit threshold - Doesn’t allow to test bots on the demo interface (included as a con)
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      250$
      Bonus
      20% to 200%
    • Coinexx
      Coinexx
      Read review Start trading

      Coinexx is a broker focused on two tradable assets - forex and crypto.

      With access to deep liquidity pockets, an interactive UI, and features like high leverage, Coinexx aims to make trades quick and transparent.

      Pros
      • Высокое кредитное плечо
      • Депозиты в криптовалюте
      • Платформы MetaTrader
      • Разнообразие инструментов
      Cons
      • Не регулируется
      • Ограниченные способы оплаты
      • Нет защиты от отрицательного баланса
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      Не официально регулируется
      Min. deposit
      $0.0012
      Bonus
      -
    • NSBroker
      NSBroker
      Read review Start trading

      Forex brokers are often criticized for their higher spreads. NSBroker gets around this by using ECN technology to cut out dealing desks and provide direct market access.

      NSBroker has carved a niche for itself in the competitive forex and CFD market. It earns a TB score of 7.5 out of 10.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      -
    • ATFX
      ATFX
      Read review Start trading

      In 2024, if you seek a professional forex trading client specializing in not-so-pricey spreads, global reach, and regulatory compliance, consider the ATFX forex broker. In a space flocked with companies, ATFX carves out a niche for itself, courtesy of the transparent and secure trading environment.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      $500
      Bonus
      -
    • HFM
      HFM
      Read review Start trading

      HF Markets (previously HotForex) is a secure, user-friendly platform that provides comprehensive trading resources.

      With solid regulatory backing, HF Markets provides a great trading environment for users of all skill levels.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      0$
      Bonus
      20% on deposit
    • CMTrading
      CMTrading
      Read review Start trading

      If you are primarily interested in a forex broker that’s regulated, secure, and throws in the entire collection of tradable assets, CMTrading is suitable for you. Also, trying out the same if you are an active trader makes more sense, as the inactivity fee can be a tad frustrating to pay.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      100$
      Bonus
      -
    • LMFX
      LMFX
      Read review Start trading

      We all love trading with leverage, don’t we? Yet, if you love it more than others, something like 1000x, LMFX is the right online broker for you.

      LMFX is identified as a reliable MetaTrader 4-dependent CFDs and Forex broker, which is meant for its tight trading spreads and zero commission. And if the features aren’t all you are interested in, the broker even employs credible security standards to safeguard user funds.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      VFSC
      Min. deposit
      $5
      Bonus
      -
    • USG Forex
      USG Forex
      Read review Start trading

      USG (United Strategic Group) is a forex broker that claims to feature quick trade execution, negative balance protection, account management, and various instruments.

      It sounds promising and might be a decent platform - if you actually manage to register an account, that is.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      -
      Bonus
      Sign-up bonus, Deposit bonus, No-deposit bonus, Weekly bonus, Losable bonus
    • EXCLUSIVE MARKETS
      EXCLUSIVE MARKETS
      Read review Start trading

      Exclusive Market has been in the financial market for 34 years and offers a wide range of trading instruments, including forex pairs, commodities, indices, and spot metals.

      This broker is restricted in several countries, but offers equities accounts to clients in the US, Germany, France, Spain, Netherlands, and Portugal.

      Exclusive Market earns a Trading.biz score of 6.4 based on a careful analysis of its features and offerings.

      Major highlights of this broker are 24-hour withdrawal processing, competitive spreads, and a free VPS service.

      One drawback is the slow customer service response time.

      Pros- 24/5 multilingual customer support; - Educational resources; - Copy trading; - Negative balance protection; - 5,000+ instruments; - Rebate up to $50 per standard lot for partners; - Free analytical tools; - Withdrawals within 24 business hours; - ISO certified by MSECB.
      Cons- Exclusions in certain regions; - $200 minimum deposit; - High leverage is unsuitable for beginners; - No Android and iPhone app; - No support on weekends.
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      FSA Seychelles
      Min. deposit
      $200
      Bonus
      Occasional Promotions
    Forex Brokers Demo account Min trade price Available in
    1.IQ Option Yes 0$ -
    2.Alpari Yes 0$ -
    3.Raceoption Yes 1$ -
    4.365 trading Yes 5$ -
    5.JustForex Yes 0$ -
    6.AvaTrade Yes 1$ -
    7.Forex Club Yes 0$ -
    8.Xm.com Yes 0.01$ -
    9.Libertex Yes 20€ -
    10.IG.com Yes 1$ -
    11.Grand Capital Yes 1$ -
    12.Trade.com Yes 0$ -
    13.Forex.com No 0.1$ -
    14.Easy Markets Yes 0.01$ -
    15.ThinkMarkets Yes 1$ -
    16.AAATrade Yes 0.01$ -
    17.Saxo bank Yes 0.01$ -
    18.Swissquote Yes 0.01$ -
    19.LiteForex No 0.01$ -
    Forex Brokers Earth

    I’ve experienced many forex broker scams in the past, and some still exist.

    In addition, the internet is full of fake information.

    Therefore, finding a forex broker you can trust is not always easy.

    Also, you may be looking for certain features before deciding on a trading platform.

    I’ll share knowledge with you to help beginning and experienced traders looking for a new forex broker.

    In the list I will share, you’ll find several forex brokers’ best features and flaws.

    This information will help you save time, money, and, most important — your nerves.

    Unfortunately, you may be dealing with a scam broker without knowing.

    The first step in trading is avoiding a bad broker who will only frustrate you in the end.

    That’s why I made this unbiased, informative page to get you moving in the right direction.

    Also, if you’re looking for a particular feature, you’ll learn which broker has what you need.

    The information is straightforward, and you’ll know if a forex broker fits you in less than a minute.

    But, first, read each broker’s short description and consider the pros and cons in each category.

    • 1. IQ Option

      Product Range

      FX options and CFDs in currency pairs, commodities, stocks, crypto, ETFs. A total of over 300 CFD assets and FX Options.

      • Good range of shares published on many worldwide stock exchanges
      • FX Options offered on forex and other assets
      • Unique ability to trade during weekends (OTC assets)
      • Good range of ETFs
      • The average currency pair offer
      • Uncommon trading schedule
      • Variable asset range availability

      Trading Costs, Leverage, and Sizes

      • Leverage up to 1:30 for currency pairs and up to 1:2 for cryptocurrencies
      • Low commissions
      • OK spreads and swap costs
      • Minimum lot size of 0.001
      • Dormant account fees
      • A few assets are only tradeable with a minimum deposit

      Withdrawals and Deposits

      WebMoney, Skrill, Perfect Money, Netteller, Mpesa, AdvCash, VISA, and MasterCard are available.

      However, not all deposit and withdrawal channels may be available in your country.

      Therefore, IQ has customized some payment methods for different countries.

      The platform has a minimum deposit of 20 euros and a minimum trading amount of $1.

      However, if you want to try out trading, you can always start with a free demo account.

      • Ok range of e-wallets supported
      • Commission-free withdrawals
      • Low minimum withdrawal amount requirement
      • Large number of payment methods available
      • 1 business day processing time
      • A minimum of 100 euros withdrawal requirement for bank transfers
      • May require more documents

      Customer support

      24/7 customer support is available via live chat, email, and phone in multiple languages.

      Reputation and Regulation

      CySEC registration: IQ Option Europe Ltd., license number 247/14, IQ Option.

      • Fund segregation
      • Banned in several countries
      Start trading Read review
    • 2. Alpari

      Product Range

      CFD on currency pairs, indices, commodities, and custom portfolios.

      • Great range of forex pairs
      • Custom portfolios
      • Good range of indices
      • No cryptocurrency, individual stocks, or ETFs
      • Some asset information is outdated

      Trading Costs, Leverage, and Sizes

      Alpari offers leverage up to 1:1000 depending on account type.

      Leverage can be floating or fixed. ECN-type accounts have a commission of $3 per lot traded.

      • Competitive floating spreads for ECN-type accounts
      • Great trade size variety
      • Competitive commission for ECN accounts
      • High leverage
      • Cashback for trading
      • Average spreads for Micro and Standard Accounts
      • Variable leverage
      • 6-month inactivity fee of $5

      Withdrawals and Deposits

      Generally accepted channels are FasaPay, TC Payment, Skrill, Neteller, Qiwi, Cryptocurrencies, TC Pay Wallet, WebMoney, Perfectmoney, Latin American solutions, Nganluong, GlobePay, Bank Wire, VISA, MasterCard, and Maestro.

      • Many deposit and withdrawal channels
      • Reasonable withdrawal processing times
      • Cryptocurrency channels
      • Very high withdrawal fees

      Reputation and Regulation

      Alpari International is an Exinity Limited brand holding a regulation license from the Financial Services Commission of Mauritius.

      • Regulated by a recognized entity FSC Mauritius
      • Long presence in the forex industry
      • Mild regulator
      • Alpari was fined £140,000 in 2010 for speculative trading
      • Average client ratings
      Start trading Read review
    • 3. Raceoption

      Customer support

      Support is available via live chat, email, and phone in multiple languages.

      Reputation and Regulation

      The IFMRRC is a less recognized regulatory body compared to established financial authorities, raising concerns about investor protection. Additionally, the registration in the Marshall Islands raises further concern about the platform’s trustworthiness.

      Start trading Read review
    • 4. 365 trading

      Product Range

      TD365 offers Forex, Precious Metals, Cryptocurrencies, Commodities, Bonds, Indexes, and Stocks.

      • Good range of equities
      • Several cryptocurrencies
      • Bonds category
      • No ETFs
      • There are no essential Precious Metals and Commodities range

      Trading Costs, Leverage, and Sizes

      Trading with TD365 doesn’t involve commissions, even for stocks. Spreads are fixed and competitive but only on the Cloudtrade platform. Leverage is up to 1:200.

      • Good leverage
      • No commissions
      • Competitive Fixed Spreads on Couldtrade
      • Uncommon trade sizes
      • Not transparent enough

      Withdrawals and Deposits

      TD365 doesn’t have any other options except bank transfers and bank cards. You can only deposit once you send your ID/residence documents to TD365.

      If there’re any costs related to funding, they’re not yet published.

      • Only basic funding channels
      • No information on funding fees

      Reputation and Regulation

      According to Trade Nation, TD365 is a broker related to them, but it’s another company. TD365 uses the Bahamas Securities Commission license of Trade Nation, so I am not sure there is any regulation.

      Also, TD365 does not have many client ratings, and that points to a small client base. However, trade Nation is regulated and offers the same trading features as TD365.

      Start trading Read review
    • 5. JustForex

      JustMarkets is regulated in three jurisdictions and offers more than 200 tradable assets including forex, stocks, cryptocurrencies, commodities, and stock indices via contract for difference (CFDs).

      Boasting a nearly flawless 4.8 out of 5 rating on TrustPilot based on customer reviews, it’s no surprise that they also just won the Best Broker Asia award as determined by Fintech Awards 2022. JustMarkets doesn’t provide services to residents of the US, UK, EU, Japan, Canada, or Australia. Let’s jump and see what JustMarkets has to offer you.

      Start trading Read review
    • 6. AvaTrade

      Product Range

      AvaTrade has a lot to offer when choosing tradeable CFD assets.

      You can pick from forex, indices, stocks, bonds, precious metals, commodities, ETFs, cryptocurrencies, and forex options.

      • Overall great asset range
      • Options and bond category
      • Addition of new, popular assets
      • Average range of stocks
      • Only two bonds offered

      Trading Costs, Leverage, and Sizes

      AvaTrade does not charge commissions.

      The platform has allegedly fixed the spreads, but in some instances, AvaTrade states they can widen.

      The leverage is up to 1:400 for clients outside the EU and some other countries.

      • High leverage for forex pairs
      • Somewhat fixed spreads
      • No commissions
      • Low Stop Out at 10% for non-EU clients
      • Inactivity fee for three months ($50)
      • Higher spreads than average
      • Substantial contract sizes for some assets

      Withdrawals and Deposits

      Bank Wire, VISA, MasterCard, Boleto, DinPay, FasaPay, GCard, Neteller, PaySec, SafeCharge, Skrill, Tranzila, UnionPay, VeriTrans, VoguePay, and WebMoney are available.

      The minimum deposit is $100.

      • Affordable minimum deposit
      • It gives a bonus for any successful referral
      • OK range of available deposit ways
      • No withdrawal fees
      • Withdrawal methods are obscured in the client portal until you deposit
      • Clients report withdrawal problems
      • Has a high minimum deposit amount

      Reputation and Regulation

      AvaTrade is a popular broker with a large marketing budget and worldwide presence.

      Several authorities regulate it.

      However, you’ll have to check the company to agree to their terms.

      The AvaTrade website publishes all the licenses.

      However, clients mostly complain about withdrawals, especially from profitable accounts.

      • It’s regulated
      • A large broker with a long history
      • Market-maker type broker with potential conflicts of interest
      • Mixed client ratings on independent websites
      Start trading Read review
    • 7. Forex Club

      Product Range

      The categories included are currency pairs, precious metals, commodities, indices, stocks, ETFs, and cryptocurrencies.

      The total tradeable asset count is over 250.

      • Wide range of assets in each category
      • Exceptional local stocks, currencies, and indexes
      • Extensive range of cryptocurrencies
      • Optional portfolio investing
      • Asset Contract specification is obscured

      Trading Costs, Leverage, and Sizes

      You’ll have slightly different trading conditions with each platform.

      The commission isn’t fixed and can change from $0 to other amounts.

      For example, crypto has a 1% commission.

      Leverage is also variable from 1:20 to 1:999, depending on the asset.

      Spreads are variable, from 0 pips. Stop Out is at 20%.

      • Competitive spreads
      • High leverage
      • No swaps on Rumus
      • Trading costs and conditions are not always correct
      • Commissions
      • No micro-lots or accounts
      • Some assets execute slowly

      Withdrawals and Deposits

      Channels available are bank cards, Bitcoin, Tether USDT, Skrill, Neteller, Jeton Wallet, Webmoney, VLOAD, and wire transfers.

      In addition, there are some small fees with e-wallets.

      The withdrawal channels are Bitcoin, USDT, and wire transfer.

      The minimum deposit amount is $10.

      Unfortunately, not all channels are compatible with certain countries, even if listed.

      • Many deposit channels
      • Low or no fees
      • Low minimum deposit
      • Limited withdrawal channels
      • Some channels might not work
      • Longer than expected withdrawal times

      Reputation and Regulation

      Forex Club has been fined several times to date.

      Also, the brokers’ group doesn’t operate in several countries.

      In addition, clients’ ratings from independent sources are negative.

      • Large broker group
      • Long history
      • No official regulation
      • Low ratings
      Start trading Read review
    • 8. Xm.com

      XM is highly regulated, overseen by three regulatory agencies. It serves five million clients in over 190 countries and provides support in more than 25 languages. It doesn’t provide services to the residents of the USA.

      Start trading Read review
    • 9. Libertex

      Product Range

      Libertex has over 250 CFD products. It has categories ranging from Forex currency pairs, precious commodity metals, Commodities, Stocks, ETFs, Options CFD, and Cryptocurrencies. Unfortunately, Crypto isn’t available to certain countries.

      • Many assets
      • Good range of categories
      • Wide range of cryptocurrencies
      • Russian stocks and other localizations
      • Asset range isn’t the same across different platforms

      Trading Costs, Leverage, and Sizes

      Trading commissions start from €0 to €7 (depending on assets) per lot traded in Metatrader platforms, while the Libertex platform may have a variable fee expressed in percentage.

      Cryptocurrencies have 0.4% commission. Spread is a dynamic type. Stop Out is at a 50% margin level.

      • Spreads from 0 pips
      • High leverage for certified pro traders
      • Competitive spreads and trading costs
      • Normal Swaps
      • Commissions for some assets
      • No micro lot sizes

      Withdrawals and Deposits

      Bank transfer, Bank cards, Skrill (1,9% fee), Sofort ( for Germany, Spain, Italy, Austria), Ideal (Netherlands), GiroPay (Germany), Trustly, P24 (Poland), Rapid, Netteler, Multibanko. Withdrawal options are limited to Bank transfers.

      • Reasonable withdrawal times
      • Local channels for deposits
      • Low or no fees
      • No Crypto deposits

      Reputation and Regulation

      Libertex is a large forex broker with some history. It’s relatively popular but does not have many client ratings.

      The company was fined €160,000 for inappropriate margin stop out and leverage limits in 2020. In Addition, Libertex has some problems with clone websites that tarnish its reputation.

      • CySEC compensation fund
      • Well regulated
      • Transparent
      • Beginner traders can easily fall victim to clone websites
      • It’s a prominent broker but doesn’t have enough client reviews
      Start trading Read review
    • 10. IG.com

      You’ll find almost every tradeable asset from indices, forex, shares, ETFs, commodities, cryptocurrencies, digital 100s (not available for retail traders), options, interest rates, sectors (industry), bonds, spread betting, and CFDs.

      • Comprehensive asset range
      • Spread betting and CFD trading
      • Offers rare shares, ETFs, currencies, and more
      • Beginner traders will not understand most of the content
      • Some special offers, like DMA Shares trading, are available once you’re a professional trader
      • Basic crypto and precious metals range on MT4

      Trading Costs, Leverage, and Sizes

      Spreads are floating, and commissions are paid only for shares trading, from 0.08% to 0.18% per side.

      Trading sizes are standard – 0.01 lots minimum but with increased stop levels.

      Leverage starts at 1:200. Stop Out is 50%, and Margin Call is 100%.

      • OK leverage
      • No commissions except for shares
      • Spreads are not competitive
      • Wide stop levels
      • Clients report expensive swaps
      • Asset specifications don’t have swaps disclosed in MT4
      • Trading conditions are not good enough on MT4 for automated trading

      Withdrawals and Deposits

      The minimum deposit is $300 for bank cards and no minimum for wire transfers.

      Deposit and withdrawal channels are bank wire, VISA, MasterCard, and PayPal.

      IG.com also has a minimum withdrawal amount of $150 for cards unless you have less on your account.

      • No fees
      • Limited number of deposit and withdrawal channels
      • Higher deposit minimum with cards
      • The broker can ask you for more documents about your fund’s source

      Customer support

      • Low waiting time
      • Knowledgeable staff
      • No multilingual support on IG.com
      • Client support is not up to the broker’s standards
      • Clients often complain about the quality of customer support

      Reputation and Regulation

      There are no potent regulators who regulate the IG.com domain.

      Instead, the Bermuda Monetary Authority has licensed IG International Limited.

      Other domains for the specific country have different regulators.

      IG.com forex broker doesn’t have the best reputation among clients.

      Complaints are various, including trading problems, support, and documentation.

      • Long history
      • Large broker
      • Various features
      • Low client ratings
      • Inconsistent trading conditions
      • Weak regulation
      Start trading Read review
    • 11. Grand Capital

      Product Range

      You can trade forex, commodities, stocks, indices, ETFs, cryptocurrencies, futures, and bonds.

      • Great asset range
      • Unique currency indices
      • Portfolio collections for beginners
      • You can’t trade all possible assets of this broker in one account

      Trading Costs, Leverage, and Sizes

      Trading sizes are standard from 0.01 lots. Micro account currency is cent value allowing small value trading.

      The leverage of the Standard Account is up to 1:500. Spreads are dynamic for all accounts.

      For example, ECN, MT5, and Crypto accounts have spread from 0.4 pips, while Standard has one pip.

      Commissions exist for all accounts except for Micro.

      • Micro Account sizes offered
      • High leverage
      • Competitive spreads
      • Commissions are high for some assets
      • Variable leverage can make some traders uncomfortable

      Withdrawals and Deposits

      You can deposit BTC, ETH, and USDT from crypto.

      Other funding channels are Bank Transfers, Astropay, FasaPay, Help2Pay, M-PESA, Neteller Ngan Luong, PayRetailers, PayTrust, Paylivre, Perfect Money, Skrill, Thunder X, Vload, and Webmoney.

      The minimum deposit starts from $10 for Micro accounts to $500 for ECN Prime.

      • Serenity escrow for crypto deposits
      • Local bank transfers
      • Low minimum deposit
      • Crypto funding
      • Bonuses and payback programs
      • No cards use for deposits; however, there are cards for withdrawal
      • Withdrawal fees of up to 3.5%

      Reputation and Regulation

      Grand Capital doesn’t have a lot of positive feedback from the clients.

      However, I can’t be sure if the broker is at fault for every bad rating.

      The reason is scam traders often pretend to be affiliates of Grand Capital.

      Grand Capital isn’t fully regulated, but it doesn’t mean this broker is problematic.

      For example, you can test small withdrawals before significant investments.

      • FinCom regulation with $20,000 compensation fund per case
      • Has escrow
      • No official regulator
      • Various client ratings
      Start trading Read review
    • 12. Trade.com

      Product Range

      The primary benefit of Trade.com is the vast number of tradeable assets.

      You can trade forex, stocks, ETFs, indices, crypto, bonds, commodities, and precious metals.

      Choose another area if you want to sell on the DMA market (with over 100,000 assets), IPO, Spread Betting, or customized asset management.

      • One of the best asset coverage
      • Multiple solutions
      • Each category has uncommon assets
      • Crypto is available only on the web platform
      • Crypto trading isn’t open 24/7
      • Forex trading hours are a bit shorter

      Trading Costs, Leverage, and Sizes

      Spreads are dynamic (officially) but behave like fixed spreads on my MT4.

      Commissions are only applied to stocks, up to 0.20% per lot for Silver Account.

      There’s also a minimum fee of $10 per trade for stocks. Stop Out is at 50%.

      • Standard contract sizes
      • Commissions
      • Dormancy (90 days) and conversion fees ($25)
      • Wide spreads
      • Reduced leverage
      • Expensive broker for small deposit accountsс

      Withdrawals and Deposits

      Available channels are Bank Cards, Skrill, Paypal, and Neteller.

      In addition, you might also have EPS, Giropay, iDEAL, Multibanco, Neteller, Przelewy24, SafeCharge, Trustly, and SafetyPay.

      • No fees
      • OK range of funding options
      • The minimum deposit of $100 isn’t enough for trading conditions
      • You cannot see which withdrawal options are available to you from the portal

      Reputation and Regulation

      The Markets.com brand was fined multiple times before it changed to Trade.com.

      Then, Trade Capital Markets took it over.

      Trade.com retained the assets range Market.com had, but the trading conditions are different.

      TCM holds licenses from CySEC, FSCA, and FCA for UK clients.

      • Regulated
      • Large capital
      • Bad history
      • Conflict of interest is possible
      Start trading Read review
    • 13. Forex.com

      Product Range

      Cryptocurrencies are only available on the Forex.com and MT5 platform.

      Forex.com offers over 4500 assets in forex, indices, commodities, precious metals, and cryptocurrencies.

      • Numerous assets in the forex and stocks category
      • Minimal MT4 products
      • Only Forex.com platforms offer a complete asset range
      • No ETFs or bonds
      • Has a limited number of cryptocurrencies
      • Short trades are only possible with ETH and BTC

      Trading Costs, Leverage, and Sizes

      Depending on the account type, you may be charged commissions.

      For example, the commission account charges $5 per lot traded on forex CFD and shares.

      Leverage can be up to 1:200. Trade sizes are not standard.

      • OK leverage
      • Fixed and variable spreads
      • Rebate program for active traders
      • Spreads are not competitive
      • Minimum trade size isn’t adequate for smaller accounts

      Withdrawals and Deposits

      You can deposit with Skrill, Neteller, wire transfer, and bank cards.

      For withdrawals, you can only select bank cards or wire transfers.

      The minimum deposit is $100.

      The minimum withdrawal amount is $100 unless you want to close your trading account.

      • No fees
      • Few funding channels
      • Withdrawal minimum
      • No crypto funding

      Reputation and Regulation

      Forex.com is an old broker with a robust global presence and regulation.

      Forex brokers with that asset range are few.

      Forex.com offers a wide range of assets.

      Trading conditions are also not the best.

      Start trading Read review
    • 14. Easy Markets

      Product Range

      Registering under the BVI FSC regulator will give you a full range of assets and leverage.

      Easy Markets has forex, precious metals, indices, stocks, commodities, and cryptocurrencies.

      Easy Markets also features options trading.

      • Above-average instruments range
      • Diverse markets
      • No ETFs and bonds
      • Average stocks range

      Trading Costs, Leverage, and Sizes

      Easy Market has fixed spreads and no commissions.

      Spreads start from 0.9 pips on VIP Accounts to 2 pips for Standard Accounts on EUR/USD pair.

      Leverage is up to 1:200 on the Easy Markets platform and 1:400 for MT4.

      • Fixed spreads
      • No commissions
      • High leverage
      • Trading features aren’t cheap
      • Wider spreads may not be appropriate for fast trading strategies

      Withdrawals and Deposits

      Depending on your country, withdrawal and deposit channels may differ. The broker has no withdrawal fees.

      Available channels are bank wire, bank cards, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, SOFORTNeteller, Skrill, UnionPay, WebMoney, WeChatPay, Sticpay, Bitwallet, and Perfect Money.

      The minimum deposit for the Standard tier is $25, Premium is $2,000, and VIP is $10,000.

      • Low minimum deposit
      • Multiple funding channels
      • The broker charges no withdrawal fees
      • No crypto funding

      Reputation and Regulation

      Easy Markets holds multiple regulation licenses that you can check.

      Advanced traders may like fixed spreads and many markets to trade.

      In terms of reputation, Easy Markets has good ratings on some websites, although I welcome client reviews.

      Unfortunately, independent ratings are not that good.

      Clients mostly complain about profit withdrawals, high trading costs, and conflict of interest.

      • OK ratings
      • Regulated, large broker
      • Profitable traders complain
      • Conflict of interest
      Start trading Read review
    • 15. ThinkMarkets

      Product Range

      You can trade in currency pairs, commodities, precious metals, stocks, indexes, futures, or cryptocurrencies.

      Also, you might be interested in spot gold and silver mini contracts that allow trading smaller amounts.

      • Many assets in each category
      • Mini contracts for precious metals
      • Rare currencies, crypto, and futures
      • No ETFs

      Trading Costs, Leverage, and Sizes

      From my testing, the spread was more than one pip on average.

      For example, the bitcoin spread is $25 per lot.

      ThinkMarkets also has mini contracts for gold and silver, meaning one lot is 10 ounces of gold, not 100.

      For other assets, it starts from 0.01 lots.

      Low-value cryptos do not have increased contracts, so you can trade smaller amounts.

      Leverage is up to 1:500. Stop Out is at 50%.

      • Smaller trade sizes than usual
      • Competitive spreads
      • Up to 1:500 leverage, 1:10 for crypto
      • Commission of $7 per lot for ThinkZero Account
      • Higher spreads than advertized

      Withdrawals and Deposits

      ThinkMarkets supports only two deposit and withdrawal options for Australian regulated clients – POLi and bank wire.

      Unregulated broker business allows bank cards, bank wire, Neteller, Skrill, and Cryptocurrencies.

      The minimum deposit for the ThinkZero Account is $500, while the Standard Account has no minimum.

      In addition, bank wire withdrawal has a fee of $25 and a $100 minimum.

      • OK range of channels
      • Cryptocurrencies channels for unregulated regions
      • Some withdrawal fees
      • High minimum for-profits withdrawal via bank wire

      Reputation and Regulation

      ThinkMarkets has several entities, each with a different registration location. The broker is marketing three regulations FCA, FSCA, and ASIC.

      • Regulated for certain countries
      • Overall good ratings
      • Competitive with top forex brokers
      • Insurance fund of $1 million per client, although the insurance house name is unknown
      • No regulation for specific countries, but better leverage, crypto funding, and other benefits
      • Complaints repeat about the same issues
      • Variable trading conditions
      Start trading Read review
    • 16. AAATrade

      AAATrade is a Cyprus-based broker that provides access to shares, as well as CFDs in stocks, forex, crypto, indices, and commodities. The broker is regulated and there is no minimum deposit amount, which means you can start trading with any amount you wish.

      Start trading Read review
    • 17. Saxo bank

      Product Range

      If we focus only on CFD instruments, Saxo bank offers over 9000 assets.

      For CFD trading, you will have stocks, ETFs, indices, forex, bonds, commodities, index options, and precious metals.

      In addition, cryptocurrencies are traded over ETPs and under the forex category.

      • One of the best product offers
      • Rare categories
      • Portfolio investments
      • Limited range to specific platforms
      • Crypto is limited to BTC, ETH, and LTC

      Trading Costs, Leverage, and Sizes

      Saxo Bank charges commissions and has variable spreads.

      Dividends also apply to stocks. Contract sizes are not standard, but for the CFD category are smaller.

      For example, oil has 25 units per contract, cold only 1 ounce.

      Bitcoin has a 0.01 unit minimum trade size.

      • Trading sizes can be smaller
      • Costs are displayed when trading
      • Dividends
      • Commissions
      • Spreads are not competitive for Classic tier
      • Conversion up to 1% and inactivity fees

      Withdrawals and Deposits

      Saxo Bank offers only bank transfers and card deposits.

      Some investors might also be interested in portfolio transfers (stocks, bonds, and ETPs).

      Withdrawals are made via platform or by filling out a form. Only a bank transfer is available.

      • No fees for EEA countries
      • Minimum deposit of at least $2000 (country-specific)
      • The usual minimum deposit is $10000
      • Limited withdrawal/deposit options
      • Platinum tiers require at least a $200,000 minimum deposit without much benefit
      • Withdrawal procedure is more complicated than usual

      Reputation and Regulation

      Saxo Bank is a heavily regulated and known retail broker.

      Yet, similarly to other substantial brokers with a long history, it doesn’t pay attention to client support.

      Based on client reviews, I’ve concluded that the most problems traders face are: poor support, unwanted phone calls, conflict of interest, and connection problems.

      Start trading Read review
    • 18. Swissquote

      Product Range

      Swissquote offers the ultimate product range.

      If you’re interested in CFDs, you’ll find 200 instruments.

      Categories covered are forex, forex options, stocks, commodities, bonds, precious metals, and indices.

      In addition, crypto is available but only through the eTrading platform, without any leverage or shorting.

      • Bonds and forex options category
      • Good currency range
      • No ETFs
      • No crypto CFDs

      Trading Costs, Leverage, and Sizes

      The minimum trading size is 0.01 lots, and Swissquote has standard contract sizes.

      Prime Account offers about 60% better spreads than the Standard Account.

      The leverage is up to 1:100, but Swissquotes can adjust this.

      All accounts have a 30% Stop Out level.

      • No commissions
      • OK leverage
      • Spreads are not competitive
      • Fees for inactivity after six months ($10)
      • Custody fees for eTrading

      Withdrawals and Deposits

      Swissquote’s only funding options are bank transfers and bank cards.

      The broker will not work with banks lower than AA grade.

      The good news is they don’t charge any fees for withdrawals/deposits.

      • No fee
      • Limited funding options
      • It rejects some banks

      Reputation and Regulation

      Swissquote is regulated and one of the most secure banks.

      It’s also long in the retail forex business.

      However, weak customer support could be a significant concern for ordinary traders.

      Among independent rating websites, Swissquote holds poor ratings.

      Consider other brokers if you’re not interested in investing significant capital for trading.

      Start trading Read review
    • 19. LiteForex

      Product Range

      LiteForex offers CFDs on precious metals, currency pairs, indices, stocks, and oil.

      Overall, the broker has an average product range compared to other brokers but is better in some categories.

      • Full Forex and precious metals range
      • Good cryptocurrency range
      • OK range of stocks
      • Commodities are limited to Brent and WTI
      • No ETFs or other markets

      Trading Costs, Leverage, and Sizes

      LiteForex charges commissions for the ECN-type account. Leverage is at 1:500; for Crypto, it’s 1:10.

      LiteForex puts low Stop Out and Margin Call levels at 100% and 20%, respectively.

      Minimal trading sizes are standard 0.01 lots.

      • OK spreads on ECN accounts
      • High leverage
      • Low Stop Out level
      • Low Swaps (except for Crypto)
      • High commissions
      • Classic Account has high spreads

      Withdrawals and Deposits

      Deposit channels are bank cards, AdvCash, WebMoney, Perfect Money, QIWI, and several cryptocurrencies.

      The minimum deposit to open an account is $50.

      Withdrawal options are AdvCash, Alipay, Bank Transfer, bank cards, China UnionPay, QIWI, Perfect Money, WebMoney, and several cryptocurrencies.

      • Good range of funding channels
      • Affordable minimum deposit amount
      • An above-average number of cryptocurrencies accepted
      • Multiple funding currencies are available
      • Fees for withdrawals can be extreme
      • Most of the channels might be unavailable to you

      Reputation and Regulation

      LiteForex.com is not regulated.

      Libertex.EU domain is only for EU countries and is regulated by CySEC.

      Interestingly, both domains have similar ratings and similar problem reports.

      Clients mostly complain about withdrawals and trading.

      Still, LiteForex has a medium rating overall because it has a long history and solid presence worldwide.

      • CySEC regulation for EU clients
      • Long presence in the industry without fines
      • No regulating law for specific clients
      • Average ratings
      Start trading Read review
    Warning

    *General Risk Warning: Your capital might be at risk

    Conclusion

    You’ll face a scam broker if you blindly search the internet. To spot them, I’ll give you a few general guiding points.

    Things to consider

    • Regulation. Scam brokers don’t have information about regulation laws. Also, regulated brokers can use various excuses to hold your funds.
    • Ratings. Even if a broker is regulated, it doesn’t mean your funds are safe. Regulators are slow. A broker can claim your trading isn’t according to terms and cancel any profits you made. Therefore, you need to read the ratings from independent websites.
    • Reviews. Many scams buy a lot of forex broker reviews. Also, scams have a network of fake review sites. This way, they push their fake reviews up in google search lists. Broker scams can have very high budgets and even involve government officials. Read only forums and independent ratings.
    • Do your research. Check every broker with reliable sources and seek news headlines for the broker name or domain. You’ll likely find they are penalized or blocked.

    In addition, you should ask the brokers about regulation and their actual location.

    Then check the location and check whether the license is published.

    Again, check the ratings. You’ll notice that most scammers can’t cover their tracks completely.

    If you take the above precautions before trading with any platform, your capital will be safe.

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