Trust Capital TC
Trust Capital TC, based out of Cyprus, is one of the up-and-coming financial firm carving a niche for itself in the world of trading. Regulated by CySEC, TC offers a plethora of opportunities to trade FX, Commodities, Indices and Crypto-currencies in a safe and efficient environment.
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CySEC |
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0.4 Pips |
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MT4 |
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$250 |
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NO |
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Forex, Metal, Energy, Cryptocurrency, Indices |
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YES |
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YES |
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YES |
Recommended for Regulated and efficient trading environment
Pros
Secure, reliable and transparent environment to trade CFDs
Direct access to market
Scalping is allowed
Regulated by the Cyprus Securities and Exchange Commission
E-wallet for easy transactions
0.6 Pips low spread on FX
250$ minimum deposit
Free demo account
Zero commission accounts
Free educational materials
Free forex training and seminars
Mobile app with margin call and profit alerts
Cons
Only free $10000 virtual money
Lengthy registration process
FXTM
FXTM or ForexTime is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). According to the company, 81% of retail investor accounts lose money when trading CFDs with them.
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CySEC |
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1.5 Pips |
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MT4/MT5 |
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$500 |
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YES |
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Forex, Metals, Commodities, Stock Baskets |
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Data Not Available |
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NO |
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YES |
Recommended for Prompt and excellent Customer Service
Pros
Multiple language support
Educational content
Free demo account
Webinars
Fast account opening
Easy customer service
Cons
High CFD Fees
Inactivity and withdrawal fee
Limited products
Lack of asset classes like ETFs, bonds, mutual funds, etc.
Withdrawal fee
Saxo Bank
Saxo Bank operates multiple regulated banks and is licensed in six tier-1 jurisdictions for trading forex and CFDs. It is an exclusive broker, requiring a USD 10,000 minimum deposit (GBP 500 for the UK, SGD 3,000 for Singapore, and USD 3,000 for Australia) to open an entry-level "Classic" account.
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DFSA |
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0.6 Pips |
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SaxoInvestor |
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$10000 |
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YES |
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Forex, CFDs, Stocks |
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YES |
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NO |
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YES |
Recommended for Authorized by top-tier financial authorities
Pros
Good trading platform
Real-time reports
Great product sections
Packages for heavy traders
Free withdrawal option
Cons
Options and futures trading fees are high
High minimum deposit between $600-10,000
No live chat customer support
No 24/7 availability
Inactivity fee
Pepperstone
Founded in 2010, Pepperstone is regulated in two tier-1 jurisdictions, making it a safe broker for trading forex and CFDs. It offers both the MetaTrader and cTrader platform suites and provides multiple premium platform add-ons to enhance the MetaTrader offering. Also, the minimum deposit requirement is low.
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SCB |
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0.69 Pips |
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MT4 |
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$250 |
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YES |
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Forex, shares, cryptocurrency |
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NO |
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NO |
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YES |
Recommended for Fast execution speed and low spreads
Pros
Fast account opening
Good customer support
Free deposit and withdrawal
User friendly
No inactivity fee
No minimum deposit
Cons
Offers only forex and CFDs
No investor protection
Limited services
Product restrictions outside the EU&UK
Interactive Brokers
Interactive Brokers is basically only intended for professional traders because of its institutional-grade desktop trading platform and margin rates. The company also appeals to casual investors with $0 trades and its user-friendly web platform.
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AFSL |
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0.6 Pips |
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IBKR Trading platform |
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$250 |
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YES |
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Bonds, Mutual funds, Forex |
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YES |
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NO |
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NO |
Recommended for Low minimum deposit and margin rate
Pros
Low trading fee
Multiple product options
Research tools
User friendly
Low margin rates
Customer support
Cons
Complicated account opening process
Complex trading platform
High forex fees
Inactivity fee
No card based transactions allowed
FxPro
FxPro ,established in 2006, is a UK based global forex broker authorized and regulated by UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority of South Africa (FSCA) and the Securities Commission of the Bahamas (SCB). They provide CFDs on 260+ instruments over 6 asset classes including Forex, Indices, Metals, Futures, Shares, and Energies.
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CySEC |
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0 |
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MT4, cTrader |
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$300 |
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YES |
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Forex, CFD |
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YES |
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NO |
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NO |
Recommended for a wide range of desktop trading platforms
Pros
Distinctive choices in trading platform. FxPro provides MetaTrader4, MetaTrader5, Ctrader and its own proprietary platform FxPro Edge.
Owing to its four tiers of regulations, FxPro offers high sense of security to its traders.
Multiple payment and withdrawal methods available
Diverse and advanced selection of trading tools
Cons
FxPro’s commission falls on the high side
Lack of educational material for beginners
Pricing not up to par with other brokers
XM
XM is an online licensed broker regulated the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC). XM, suitable for both beginners and pro traders, offers two trading platform for real and demo trading.
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CySEC |
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0.6 Pips |
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MT4/MT5 |
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$500 |
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YES |
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Forex, Stocks, CFD |
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NO |
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NO |
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YES |
Recommended for
Pros
XM offers both MetaTrader 4 and Metrader 5 platform for trading
Minimum deposit as low as $5 to start trading
Low withdrawal and trading fees
Extensive educational resources and research for novice traders
Cons
Financial instrument choices limited to forex and CFDs
Average spread for financial assets
Nearly indistinguishable account type choices
Limited payment choices for traders
OctaFX
Established in 2011, OctaFX is an online broker regulated by the Cyprus Securities and Exchange Commission (CySEC). They offer Metratrader4, MetraTrader5, and Ctrader trading platform and mobile solution to trade a variety of popular assets such as Forex, Metals, Indices, and Cryptocurrencies.
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ASIC |
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0.6 Pips |
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MT4 |
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$250 |
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YES |
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Forex, CFD |
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YES |
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NO |
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NO |
Recommended for
Pros
Comparatively low spreads on popular assets
Allows automated and copy trading
Relatively low commission on trading accounts
Multilingual supported website and trading platform
Cons
Lack of choices in trading instruments
Limited funding options
None of the account types offer zero spread
eToro
eToro, established in 2007, is a financial service provider based out of UK with users from all around the world. Regulated Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA), eToro offers an easily navigable website and mobile app to trade a host of cryptocurrencies and other financial assets.
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CySEC |
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0.8 Pips |
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eToro platform |
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$500 |
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YES |
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Forex, CFD, Cryptocurrency |
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YES |
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NO |
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YES |
Recommended for Great platform for cryptocurrency trading
Pros
Access to popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP
Allows provisions for copy and social trading
Specific tools available for cryptocurrency trading
Advanced and user-friendly mobile platform
Cons
Spread offered by eToro is relatively higher than its competitors
Lack of transparency in commissions and fees
Limited research and educational tools
IQ Option
Located in Cyprus, IQ Option is a financial firm offering specialized trading services in Forex, Crypto, Binary Options, and Stocks. Regulated by Cyprus Securities Exchange Commission (CySEC) provides an extensive portfolio for cryptocurrency trading and digital options.
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No Data |
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0.8 Pips |
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MT4 |
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$100 |
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YES |
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Forex |
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NO |
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NO |
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NO |
Recommended for
Pros
Live accounts available with a minimum deposit of $10
Valuable choices in crptocurrency and digital options trading
Wide-ranging withdrawal and deposit methods
Trade CFDs on Exchange-Traded Funds or ETFs
Cons
Limited account types choices
High spread on various financial instruments
Swap fees applicable for overnight trading
