1IG
NameIG
Web site
Founded in1974
RegulatedASIC, FCA, ...
Reviews8
Minimum Deposit-
Maximum Leverage1:200
Broker typeDMA, MM
Unique Selling PointsMarket Access and Asset Offerings: IG's market access and wide range of asset offerings make it a top choice for traders of all experience levels. The broker offers access to...
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Pros
    • Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.

    • Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.

    • Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.

    • Advanced Trading Platforms: IG offers advanced trading platforms, such as MT4 and MT5, which are highly customizable and user-friendly.

    • Educational Resources: IG offers many educational resources, including webinars, trading guides, and video tutorials, to help traders improve their skills and knowledge.

Cons
    • Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.

    • Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.

    • No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.

    • No Guaranteed Stop Loss: IG does not offer guaranteed stop loss, which may increase the risk for traders during volatile market conditions.

Visit Site CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.Read full review
2ActivTrades
NameActivTrades
Web site
Founded in2001
RegulatedFCA, CNMV
Reviews169
Minimum Deposit100 $
Maximum Leverage1:400
Broker typeNDD
Unique Selling PointsEducational Resources: ActivTrades provides a range of educational resources, including webinars, seminars, and trading guides, to help traders improve their knowledge and sk...
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Pros
    • Regulated by FCA: ActivTrades is regulated by the Financial Conduct Authority (FCA) in the UK, which ensures that the broker follows strict financial regulations and offers a high level of investor protection

    • Range of assets: ActivTrades offers a wide range of assets for trading, including forex, indices, commodities, shares, and cryptocurrencies.

    • Competitive spreads: ActivTrades offers competitive spreads, with the lowest spreads available on the Professional Account.

    • Multiple trading platforms: ActivTrades offers a choice of popular trading platforms, including MetaTrader 4, MetaTrader 5, and their own proprietary ActivTrader platform.

Cons
    • Limited leverage for retail clients: ActivTrades only offers leverage of up to 1:30 for retail clients, which may be a disadvantage for some traders.

    • Inactivity fees: ActivTrades charges inactivity fees for accounts that haven't been used for a certain period, which may be a drawback for traders who do not trade frequently.

    • No hedging or scalping: ActivTrades does not allow hedging or scalping on their trading platforms, which may be a disadvantage for some traders who use these strategies.

    • Limited payment options: ActivTrades only accepts a limited range of payment methods, which may be a disadvantage for traders who prefer to use alternative payment options.

    • No copy trading: ActivTrades does not offer copy trading, which may be a disadvantage for traders who prefer to follow the strategies of other successful traders.

3XM Broker Review - XM.COM | TopBrokers.com
NameXM
Web site
Founded in2009
RegulatedASIC, FSC Belize, ...
Reviews50
Minimum Deposit5 $
Maximum Leverage1:1000
Broker typeMM
XM is a trading name for Trading point holdings that has its headquarters in Cyprus with other branches in the United Kingdom and Australia.Trading AccountsXM broker has three account types for its ma...
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Pros
  • 1. XM Global offers 24/5 customer support

    2. 1000+ trading instruments

    3. Low withdrawal fees

    4. Educational content

Cons
  • 1. Limited platform options (only offering MetaTrader)

    2. This XM review discovered that the broker charges Inactivity fees

4FXTM
NameFXTM
Web site
Founded in2011
RegulatedFSC Belize, CySEC
Reviews21
Minimum Deposit100 $
Maximum Leverage1:1000
Broker typeNDD, ECN
Unique Selling Points1. FXTM Affiliate: The FXTM forex broker platform presents a captivating Affiliate program for its users. Traders exploring this opportunity can unlock their earning potential, wi...
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Pros
    • FXTM offers a wealth of educational materials and market insights, making it an excellent choice for traders looking to enhance their knowledge and skills.

    • The broker provides negative balance protection, ensuring traders do not lose more than their initial Deposit, enhancing risk management.

    • FXTM is regulated by esteemed financial authorities such as the FCA (Financial Conduct Authority) and CySEC (Cyprus Securities and Exchange Commission), instilling trust and confidence in its operations.

    • FXTM has received recognition through multiple industry awards, further affirming its reputation and commitment to excellence.

    • Traders can benefit from the copy trading feature, allowing them to follow and replicate the strategies of experienced traders.

    • FXTM offers a variety of deposit methods, providing convenience and flexibility for traders to fund their accounts.

Cons
    • FXTM falls short in offering ETFs and bonds, limiting the diversity of assets available for trading.

    • Also, the selection of stocks is not extensive, potentially restricting opportunities for traders interested in stock trading.

    • FXTM offers limited e-wallet payment options, which might be inconvenient for some traders who prefer these methods.

    • Traders should be aware of potential inactivity and withdrawal fees, which could impact the cost of trading on the platform.

5NordFX
NameNordFX
Founded in2008
RegulatedSEBI, VFSC
Reviews11
Minimum Deposit10 $
Maximum Leverage1:1000
Broker typeNDD, ECN
Unique Selling PointsCompetitive trading conditions: NordFX offers some of the most competitive trading conditions in the industry, with tight spreads starting from 0 pips and leverage up to 1:10...
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Pros
    • Regulated by multiple authorities

    • Offers a wide range of assets, including cryptocurrencies

    • Multiple trading platforms are available, including MetaTrader 4

    • Competitive spreads starting from 0 pips

    • Allows scalping and hedging strategies

Cons
    • Limited educational resources for beginners

    • Limited research tools

    • Limited customer support options compared to some other brokers

    • Limited deposit and withdrawal options

6Plus500 CFD Service
NamePlus500 CFD Service
Web site
Founded in2008
RegulatedASIC, FCA, ...
Reviews9
Minimum Deposit100 $
Maximum Leverage1:30
Broker typeNDD
Plus 500 is an online forex trading company with its headquarters in Israel. Plus 500 was established in 2008 and over the years it has been able to establish its name as among the most credible broke...
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Pros
    • It is well regulated: Plus500 is regulated by several regulatory bodies in its different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.

    • Offers access to a wide range of markets: Plus500 has a long list of CDF offerings to its clientele across 50 countries. These include cryptocurrencies, individual shares, commodities, stock indexes, ETFs, and currency.

    • Negative Balance Protection: As authorized by ESMA since 2018, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.

    • Guaranteed stop loss orders: This feature shields Plus500 traders from market gap risk.

    • Offers risk management tools: Plus500's trading platform boasts a user-friendly design and risk management features such as watchlists that aid traders in examining charts, placing, and tracking transactions.

Cons
    • Limited account types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.

    • Limited trading features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.

    • Charges inactivity fee: After 3 months of inactivity, Plus500 charges traders $10 a month.

    • Limited customer support: The only customer care alternatives offered by Plus500 are email support and WhatsApp chat.

    • Limited trading platform: Plus500 affords its clientele only two trading platforms, limiting their trading preference to the available trading options.

Visit Site 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your moneyRead full review
7AVATrade
NameAVATrade
Founded in2006
RegulatedASIC, CBI, ...
Reviews14
Minimum Deposit100 $
Maximum Leverage1:400
Broker typeNDD
Unique Selling Points1. Multiple Partnership Programs: AVATrade offers several types of partnerships, so you can choose the one that best suits your needs and goals. You can join as an Introducin...
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Pros
    • Regulated by multiple financial authorities, ensuring the safety of client funds and providing a high level of transparency in their operations.

    • Offers a wide range of assets for trading, including Forex, stocks, indices, commodities, cryptocurrencies, bonds, and ETFs.

    • Provides multiple trading platforms, including the popular MetaTrader 4 and 5 platforms, AVATrader, and their proprietary mobile app, AvaTradeGO.

    • Provides a wide range of payment methods, including bank transfers, credit/debit cards, e-wallets, and other online payment systems.

    • Offers educational resources, including webinars, video tutorials, and trading guides, to help traders improve their skills and knowledge.

Cons
    • Variable spreads may widen during volatile market conditions, leading to higher trading costs for traders.

    • Charges swaps/rollovers for holding positions overnight, which can add to the trading costs.

    • Commission fees may apply for certain instruments, such as stocks and ETFs. Does not accept clients from the USA and Canada.

8eToro
NameeToro
Web site
Founded in2007
RegulatedASIC, CySEC, ...
Reviews29
Minimum Deposit50 $
Maximum Leverage1:30
Broker typeNDD, STP
Established in 2007, eToro has consistently provided an easy-to-use platform for traders, earning a reputation as a reliable and trustworthy service. Three entrepreneurs founded the company in Israel;...
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Pros
    • eToro has a simple and intuitive interface that makes it easy for new traders to start trading.

    • The availability of Social trading features allows users to imitate the trades of other successful traders on the platform.

    • eToro offers a wide range of assets for trading, including cryptocurrencies, stocks, commodities, and more.

    • Also, its mobile trading app allows users to manage their portfolios and trade on the go.

Cons
    • eToro's fees can be higher than other trading platforms, particularly for certain asset classes.

    • eToro does not support the popular MetaTrader platform, which some traders may find inconvenient.

    • The platform's customer support can be slow to respond and may not always be able to resolve issues quickly.

    • Although eToro is available in the US, some trading restrictions on its services may limit access for some traders.

Visit Site 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Read full review
9ForexChief
NameForexChief
Founded in2014
RegulatedVFSC
Reviews112
Minimum Deposit-
Maximum Leverage-
Broker typeECN, STP
Unique Selling PointsMultiple promotions and bonuses: In some countries, active traders can receive souvenirs such as Macbooks, iPhones, iPads, Airpods, Apple watches, caps, t-shirts, flash disks...
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Pros
    • Low minimum deposit requirement of $10 across all account types.

    • Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.

    • Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.

    • Efficient customer support is available 24/5 through various channels like email, online chat, messengers, and feedback forms.

    • A comprehensive library section on the website, includes trading sessions, indicators, strategies, and trading articles.

Cons
    • Lack of regulation by a tier-one regulatory body, leading to concerns about the safety of funds and lower levels of client protection.

    • Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.

    • Unclear compensation levels in case of any mishap, with each case being reviewed separately.

    • Educational and research material may be suitable for only beginner traders looking for more in-depth knowledge and analysis.

10Degiro
NameDegiro
Web sitewww.degiro
Founded in2008
RegulatedBaFin
Reviews6
Minimum Deposit-
Maximum Leverage-
Broker typeNDD
Unique Selling PointsTransparency: DEGIRO is known for its transparency when it comes to fees, pricing, and investment options. DEGIRO's commitment to transparency makes it easier for investo...
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Pros
    • Low fees

    • Wide range of assets

    • User-friendly platform

    • Fast and efficient account opening

    • Strong regulatory oversight

Cons
    • DEGIRO does not accept U.S. clients

    • Limited trading tools

    • No credit/debit card deposit

    • Availability restrictions for certain financial instruments

    • Inactivity fee.

11Pepperstone
NamePepperstone
Founded in2010
RegulatedASIC, FCA, ...
Reviews7
Minimum Deposit-
Maximum Leverage1:400
Broker typeNDD, ECN
IntroductionPepperstone is an Australian-based online foreign exchange and contracts for difference (CFD) broker founded in 2010. Pepperstone reviews consider the broker reputable because of its avail...
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Pros
    • Well-regulated: Pepperstone is regulated by top-tier watchdogs, further increasing its credibility. Five regulatory licenses prove that the broker conforms to high standards of financial operations and that its clients' investments and funds are secure.

    • Offers multiple account types: Variety is the spice of trading, and traders need to be able to choose their preferred trading account as this influences their trading journey. Thankfully, Pepperstone offers traders account variety.

    • Advanced charting: Pepperstone provides traders with advanced charting tools to examine markets and make well-informed trading choices. These tools include multiple chart types, technical indicators, and drawing tools.

    • Social trading option: Pepperstone offers its clients social trading through its partnership with the third-party platform, DupliTrade.

    • Transparent pricing: Pepperstone is transparent in its pricing, and there has been no report of hidden charges or fees

    • Multilingual trading apps: Pepperstone fx has a distinct trading app that is particularly unique for its available translation. The Pepperstone mobile trading app is available in 22 languages.

Cons
    • Limited educational resources: Compared to other brokers, Pepperstone's educational resources are insufficient for novice traders looking for extensive trading materials to navigate the financial ecosystem.

    • Limited Demo account access: Pepperstone demo account is only available for 30 days. This implies that traders cannot access it after the expiration period. 

    • Inactivity Fee: It's not uncommon for brokers to charge inactivity fees on accounts that have not been operational for a while with Pepperstone; however, the charges are higher than the industry average. The broker charges an inactivity fee of $15 per month.