1RoboForex
NameRoboForex
Founded in2009
RegulatedFSC Belize
Reviews101
Minimum Deposit-
Maximum Leverage1:2000
Broker typeNDD, ECN
Supported CountriesRoboForex (also RoboFX) accepts traders worldwide, including Argentina, Belarus, Brazil, Colombia, France, Germany, Hong Kong, Italy, Kazakhstan, Mexico, Nigeria, Russian Federation...
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Pros
  • - 0% commission on deposits and withdrawal

    - Fast funds withdrawal

    - Copy trading option

    - Affordable minimum deposit of just $10

    - Wide range of trading options and tradable instruments for traders

Cons
  • - Limited Demo account; only available for 30 days

    - No cryptocurrency tools on the R StocksTrader platform

2HYCM
NameHYCM
Web site
Founded in1977
RegulatedFCA
Reviews185
Minimum Deposit20 $
Maximum Leverage1:400
Broker typeMM
Unique Selling PointsMulti-Asset Platform: HYCM provides a multi-asset trading platform that enables traders to trade various financial products such as stocks, forex, indices, and commodities. H...
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Pros
    • Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker's platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.

    • Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker's versatility. Depending on the traders' nationality, anyone can enjoy full access to the trading platform in their preferred language.

    • Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform's functionality and create an enjoyable trading experience.

    • A unique mobile trading app: HYCM has proved that it is an industry leader with the availability of its trading app. Only a few brokers can boast of an exclusively designed trading platform.

Cons
    • Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC's customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.

3EXNESS
NameEXNESS
Web site
Founded in2008
RegulatedFCA, CySEC
Reviews66
Minimum Deposit-
Maximum Leverage1:2000
Broker typeNDD, ECN
EXNESS BROKER REVIEW: Full GuideEXNESS AT A GLANCEExness Group is an international forex and CFD broker focused on offering a repertoire of equities, indices, commodities, currencies, and cryptoc...
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Pros
  • 1. Specialized trading accounts for new and experienced traders

    2. Free VPS hosting, which any trader can qualify for by trading for at least 14 days with a lifetime deposit of $500 3. 24/7 instant money withdrawal

    4. Narrow spreads across trading accounts

    5. No hidden commission fees

Cons
  • 1. The Exness Training resource section is only available in English, limiting traders who don’t understand English from accessing it.

    2. Customer service is unavailable 24/7 in every language.

    3. Unavailable to retail clients in the UK and some US territories.

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4FxPro
NameFxPro
Web site
Founded in2006
RegulatedFCA, CySEC, ...
Reviews231
Minimum Deposit100 $
Maximum Leverage1:500
Broker typeNDD, ECN
FxPro SummaryFXPROFxPro Rating - 4.25/5FxPro is a well-regulated ECN forex broker that offers forex and CFD trading. The broker is credible with licenses from several top-tier regulatory bodies plus i...
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Pros
    • FXpro offers a superb account opening process that is easy to follow
    • Great customer service
    • The broker offers free deposit and withdrawal
    • Clients get negative balance protection on their accounts to protect their funds during unfavorable market conditions
    • The broker has a team of tested advisors
    • Provision of a VPS server
    • Fxpro offers guaranteed stop loss on every trade
Cons
    • The broker only offers CFDs and forex trading options

    • This Fxpro review discovered that the broker charges high trading fees for some stock CFDs

    • Traders also have to pay inactivity fee when they don't trade for sometime

5Instaforex
NameInstaforex
Web site
Founded in2007
RegulatedRAUFR
Reviews79
Minimum Deposit1 $
Maximum Leverage1:1000
Broker typeNDD, ECN
Unique Selling PointsWide range of trading instruments: InstaForex offers over 100 currency pairs, as well as CFDs on stocks, indices, commodities, and cryptocurrencies. This allows traders to di...
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Pros
    • Wide range of trading instruments, including over 100 currency pairs, cryptocurrencies, and metals.

    • Competitive spreads and high-leverage options are available for traders.

    • Multiple trading platforms to choose from, including MetaTrader 4 and 5.

    • Flexible deposit and withdrawal options, including various e-wallets and cryptocurrencies.

    • Comprehensive educational resources and analytical tools are available to support traders. 

Cons
    • High withdrawal fees for specific payment methods.

    • Limited options for social trading or copy trading.

    • No support for traders in the United States due to regulatory restrictions.

6Alpari
NameAlpari
Web site
Founded in1998
RegulatedFSC Belize, NAFD, ...
Reviews22
Minimum Deposit100 $
Maximum Leverage1:1000
Broker typeECN
Alpari Broker SummaryALPARI FOREX BROKER DESCRIPTIONAlpari Broker is a leading Forex broker with clients across 150 countries. The broker is a member of The Financial Commission with its HQ in Russia....
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Pros
    • A wide range of trading instruments, including Forex, Spot Metals, Commodities, Stock Trading, Indices, and Cryptocurrencies.

    • Demo accounts are available to practice and test trading strategies before committing real funds.

    • Multilingual customer support is available via phone, live chat, or email.

    • Multiple educational tools, including webinars, trading strategies, and market reviews.

    • Alpari is a regulated broker with strict customer fund safety mechanisms in place.

Cons
    • Withdrawal fees are charged on several withdrawal methods offered by the Broker.

    • Limited research and analysis tools are available compared to other brokers.

    • High minimum deposit requirements for certain account types.

7AMarkets
NameAMarkets
Web site
Founded in2007
RegulatedFSA
Reviews56
Minimum Deposit100 $
Maximum Leverage1:3000
Broker typeNDD, ECN
Unique Selling PointsBest for multilingual/international tradersMulti-Language support: AMarkets provides support for over 20 different languages. Clients can access the website, trading platform...
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Pros
    • Regular bonus offers and promotions

    • Instant and commission-free deposit

    • Up to 1:3000 leverage

    • Multiple deposit methods, including crypto

    • Spreads as low as 0 pips (ECn accounts)

Cons
    • High initial deposit for ECN account

    • Unavailable to retail clients in the UK and US 

    • Not FCA Regulated

    • Limited educational resources

8GrandCapital
NameGrandCapital
Founded in2006
Regulated-
Reviews5
Minimum Deposit10 $
Maximum Leverage1:2000
Broker typeSTP
Unique Selling PointsTrading Bonuses and Promotions: Grand Capital offers new and current traders different incentives and special offers. Its bonus packages include a welcome bonus, a cashback progra...
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Pros
    • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

    • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

    • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

    • Multiple Trading Accounts: Grand Capital has multiple account types to suit the needs of different traders. The accounts include Micro, Standard, ECN, and Swap-free accounts.

    • Multilingual Customer Service and Support: Grand Capital's website and customer support are available in English, German, Spanish, French, Arabic, Indonesian, Malay, Polish, Portuguese, Russian, Vietnamese, and Japanese. Hence, traders can choose their preferred language to trade conveniently or access customer support.

Cons
    • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

    • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.