When choosing the best online forex brokers, consider factors such as regulation, trading platforms, fees, and available instruments.
According to research in South Africa, choosing an online broker is one of the most important decisions you will make as an investor. There are many great online brokers out there, but just because they are good doesn’t necessarily mean they suit you.
This is a complete listing of The 10 Best Online Forex Brokers required. In this in-depth write-up, you will learn:
- The Top 10 Online Forex Brokers in South Africa
- Who are the Best-regulated Forex Brokers
- Best online broker with MT5
- Our recommended Forex Broker for Beginners
- Pros and Cons for Online Forex Brokers
- FAQ for Online Forex Brokers
And much, much more!
Best Online Forex Brokers
🔎 Broker | 👉Open Account | 💴 Minimum Dep. | 💵 Regulation | 💶 Leverage |
🥇 AvaTrade | 👉 Open Account | $100 / R1806 ZAR | FSCA, ASIC, CySEC | 1:400 |
🥈 HFM | 👉 Open Account | $0 USD / 0 ZAR | FSCA, FCA, CySEC | 1:1000 |
🥉 Exness | 👉 Open Account | $10 USD / 177 ZAR | FSCA, CySEC, FCA | 1:2000 |
🏅 FXTM | 👉 Open Account | $10 USD / 177 ZAR | FSCA, FCA, CySEC | 1:1000 |
🥉XM | 👉 Open Account | $5 USD / 88 ZAR | FSCA, ASIC, CIMA | 1:888 |
🎖️ Vantage | 👉 Open Account | $200 USD / 3557 ZAR | FSCA, ASIC, CIMA | 1:500 |
🏆 FXPro | 👉 Open Account | $100 / R1806 ZAR | FCA, CySEC, FSCA | 1:500 |
🥇Pepperstone | 👉 Open Account | $0 USD / 0 ZAR | FSCA, ASIC, FCA | 1:500 |
🥉IC Markets | 👉 Open Account | $200 USD / 3557 ZAR | ASIC, FSCA | 1:500 |
🥈FP Markets | 👉 Open Account | $100 USD / R1806 ZAR | FSCA, ASIC, CySEC | 1:500 |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is Online Forex Brokers – Definition
The greatest providers of online foreign exchange brokers offer a complete trading experience built on the foundations of regulatory compliance, competitive spreads, and strong trading platforms. They are generally monitored by respected bodies such as FSCA, FCA, or CySEC to guarantee safety during transactions.
Moreover, leading brokers facilitate transactions involving a variety of financial instruments, including foreign exchange (forex), commodities, indices, and cryptocurrencies.
10 Best Online Forex Brokers in South Africa
- ☑️AvaTrade – Overall, the Best Online Forex Broker in South Africa.
- ☑️HFM -South African Forex broker regulated by the FSCA.
- ☑️Exness – High User Trust Score 95/100 with ZAR support.
- ☑️FXTM – Quality Educational Materials with a deposit bonus.
- ☑️XM – High User Trust Score 95/100 with ZAR support.
- ☑️Vantage – Good Option for Beginners for South Africans.
- ☑️FXPro – Excellent trading platforms and online support.
- ☑️Pepperstone – Great Spreads and Online Trading Experience.
- ☑️IC Markets – Regulated in SA, High User Trust Score 92/100.
- ☑️FP Markets – Excellent all-around offering for professional traders.
1. AvaTrade
AvaTrade: an underlined online Forex Broker operating under several authorities, including FSCA, ASIC, and CySEC. Unlike other platforms with complex structures, such as MT4s or MT5s, they have user-friendly interfaces.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
With a minimum deposit of $100 and leverage up to 1:400, it caters to novice and experienced traders. Moreover, the company is known for its all-encompassing educational resources that help traders grow their skills while providing reliable customer service at all times, thus making it one of the leading choices for individuals in South Africa engaged in online trading.
The wide range of financial instruments includes forex (foreign exchange), shares (equities), commodities, etc., making AvaTrade an option with competitive spreads.
Featured
Company Information | |
📅Year Founded | 2006 |
🧑🏻💻Amount of staff | 614 |
👩💻Amount of active traders | 300,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
🌎Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) | * Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) | |
Account Types and Features | |
➕Accounts | Standard Account, Retail Islamic account, Professional account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | AvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts. |
📇Minor account currencies | AUD, JPY, GBP, USD, EUR, CHF |
💰Minimum Deposit | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.7 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 400:1 |
📏Margin requirements | 0.50% |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,250+ |
🗠CFD Stock Indices | Major global indices (e.g., US 30, FTSE 100, DAX 30) |
⚖️CFD Commodities | Precious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn) |
📜CFD Shares | Thousands of shares from various global exchanges (US, Europe, Asia) |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
💵Withdrawal Options | Must be sent via the same payment method used for deposit |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading) |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | Online email on website |
📞Customer Support Contact Number | +447520644093 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | Over 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 70 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy and Fast account opening | Only CFDs, Forex, and Crypto offered |
Free deposit and withdrawal options | Poor phone support |
No withdrawals fees | Inactivity fee |
Our Findings
AvaTrade offers a comprehensive range of asset classes, including forex, commodities, stocks, and cryptocurrencies. The broker provides competitive spreads starting from 0.9 pips and has a strong regulatory standing.
2. HFM
HFM is an appropriately regulated internet forex trading company, and this is recognized by some bodies such as FSCA and FCA. It offers numerous trading instruments, such as forex, indices, or cryptocurrencies, and it functions on famous platforms such as Meta Trader 4 (MT4) and Meta Trader 5 (MT5).
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Every type of trader can access HFM since it requires a starting deposit of only $5 and allows up to 1:1000 leverage. This South African broker has become increasingly popular because it offers several zero-pip accounts, robust training resources, and efficient customer service.
Featured
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 500+ |
👩💻Amount of active traders | 300,500 000 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSCA, DFSA, FSC, CMA. FCA |
🌎Country of regulation | UK, South Africa, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Premium Account, Zero Spread Account, Pro Account, HFcopy Account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | AUD, GBP, USD, EUR, CAD, CHF, JPY, SGD, HUF, PLN, NZD, ZAR |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.1 pips |
💸Commissions | No |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:30 |
📏Margin requirements | 0.50% |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 500+ |
🗠CFD Stock Indices | Yes, HFM offers CFDs on major global stock indices, including US30 (Dow Jones), UK100 (FTSE), and many more. |
⚖️CFD Commodities | Yes, HFM provides CFDs on a variety of commodities, including Gold, Oil, and others. |
📜CFD Shares | Yes, HFM allows trading CFDs on a selection of popular company shares, such as Amazon and Meta. However, the total number of individual stock CFDs may be limited compared to specialized stock brokers. |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets. |
💵Withdrawal Options | Must be sent via the same payment method used for deposit |
Trading Platforms and Tools | |
💻Trading Platforms | HFM Platform, MT4 |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support.za@hfm.com |
📞Customer Support Contact Number | +27-104 439 924 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 27 languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support. |
👨🏫Amount of partners | 41 000 |
📋IB Program | Yes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients. |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does HFM Accept South African Traders? | Yes, HFM accepts South African traders. |
Is HFM regulated by the South African regulatory body (FSCA)? | Yes, HFM is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA). |
Does HFM offer an Affiliate Program for South African Traders? | Yes, HFM offers an Affiliate Program that is likely available to South African traders. |
Does HFM allow opening trading accounts in ZAR (South African Rand)? | Yes, HFM allows opening trading accounts in ZAR (South African Rand). |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
No fees for deposits or withdrawals | Commissions high on Zero account |
Spreads are low on EURUSD and average on other pairs | Limited range of instruments |
The low deposit requirement for new traders with Micro accounts | Account opening is not the easiest |
Our Findings
HFM stands out for its wide range of trading instruments, including forex, commodities, indices, and competitive spreads starting from 0.1 pips. It is well-regulated by multiple authorities, such as CySEC and the FCA.
3. Exness
The online forex broker Exness has gained considerable recognition. The FSCA, FCA, and CySEC regulate it. Exness is distinct because it offers up to 1:2000 leverage, the highest of any forex broker, with meager trading costs and an instant account withdrawal process.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
In addition, Exness supports multiple trading instruments, such as forex pairs, precious metals, and cryptos, through famous platforms like MetaTrader 4 (MT4) and Metatrader 5 (MT5). Whatever your level of trading, Exness offers a minimum investment of only $10, excellent customer service, and an extensive range of educational material.
Featured
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 / R179 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Exness Accept South African Traders? | Yes |
Is Exness regulated by the South African regulatory body (FSCA)? | Yes |
Does Exness offer an Affiliate Program for South African Traders? | Yes |
Does Exness allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Tight spreads on major currency pairs | Limited range of trading instruments compared to some brokers |
Multiple account types to suit different traders | Restricted availability of some features in certain regions |
Fast and reliable order execution | Limited educational resources for beginners |
Our Findings
Exness offers a well-rounded trading experience with ultra-low spreads starting from 0.0 pips and a broad selection of assets, including forex, cryptocurrencies, and metals. Regulated by top authorities like the FCA and CySEC
4. FXTM
FXTM (ForexTime) is an online forex broker known worldwide and supervised by FSCA, FCA, and CySEC. This broker has been praised for offering many kinds of accounts to choose from, allowing for a low minimum deposit of $10, and providing fierce competition in leverage that goes as high as 1:1000.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXTM is a brokerage that offers the well-known trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) to trade forex, commodities, and indices.
In addition, FXTM has gained recognition for its wide range of educational materials, which makes it suitable for novices. It also provides sophisticated instruments and tight spreads for expert traders.
Featured
🔎Broker | FXTM |
Company Information | |
📅Year Founded | 2011 |
🧑🏻💻Amount of staff | 700+ |
👩💻Amount of active traders | Over 3 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, FSCA, FSC |
🌎Country of regulation | UK, South Africa, Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes (PAMM accounts) |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $200 / R3709 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | Varies by method |
📊Spreads from | 0.1 pips |
💸Commissions | From $4 per lot (on certain accounts) |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:2000 |
📏Margin requirements | Varies based on leverage and asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 250+ |
🗠CFD Stock Indices | 11 |
⚖️CFD Commodities | 6 |
📜CFD Shares | 120+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, FXTM Trader App |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, VPS, economic calendar |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fxtm.com |
📞Customer Support Contact Number | +44 203 734 1071 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 15+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 3,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Great customer Service | Limited range of trading instruments compared to some brokers |
Strong Educational tools for the beginner trader | Restricted availability of some features in certain regions |
Fast account opening | Limited educational resources for beginners |
Our Findings
FXTM delivers a solid trading experience with tight spreads starting from 0.1 pips and diverse trading options across forex, commodities, and CFDs. It is regulated by major entities like CySEC and the FCA, ensuring reliable security.
5. XM
XM is among the most established foreign exchange dealers, connecting with industry veterans through its broad line of instruments and conditions.
This dealer offers beginners and professional investors numerous currency pairs, commodities, indexes, and cryptocurrencies.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
It supports different types of trading platforms, including Meta Trader 4 and 5. It is renowned for its simple interface, facilitating trading, and fast customer care service.
XM’s commitment to low spreads and no hidden fees enhances its appeal to traders seeking transparency and cost-efficiency in their trading endeavors.
Featured
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | IFSC, FCA, CySEC, ASIC, CMA |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 / R89 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Great Educational tools | Limited product portfolio |
Easy and fast account opening | Inactivity fee after 90 days |
No withdrawal fees | Only average Forex fees |
Our Findings
XM offers a comprehensive trading environment with low spreads starting from 0.6 pips and access to over 1,000 instruments, including forex, stocks, and commodities. Regulated by multiple authorities, such as CySEC and ASIC
6. Vantage
Vantage is a restricted online forex broker overseen by FSCA, ASIC, and CIMA authorities. It offers different trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ProTrader, making it appropriate for inexperienced and experienced traders.
Min Deposit
USD 200
Regulators
CIMA, SIBL, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
38
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Vantage offers over 940 instruments to trade, including forex, commodities, stock indices, and cryptocurrencies, with a raw spread of 0 pips.
Known for its competitive pricing scheme for traders, low minimum deposit of just $50, and high leverage options that can go as much as 1 to 500 are among the most remarkable features of this broker. Moreover, Vantage has educational tools and sophisticated trading mechanisms that enable traders to diversify their trading experience.
Featured
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 200+ |
👩💻Amount of active traders | 100,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, FCA, VFSC, CIMA |
🌎Country of regulation | Australia, UK, Vanuatu, Cayman Islands |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | FSCS (UK clients) |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes (PAMM accounts) |
📇Minor account currencies | USD, GBP, EUR, AUD, JPY |
💰Minimum Deposit | $200 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.0 pips |
💸Commissions | From $3 per lot |
💱Number of base currencies supported | 9 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:500 |
📏Margin requirements | Varies based on asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 15+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, ProTrader, WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Economic calendar, VPS, trading signals |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@vantagemarkets.com |
📞Customer Support Contact Number | +44 208 036 3883 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 10+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 1,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Low spreads on major forex pairs | Limited range of account types |
Offers both MetaTrader 4 and MetaTrader 5 | Customer support may be slow during peak hours |
High leverage options available | Limited educational resources for new traders |
Our Findings
Vantage provides a competitive trading environment with tight spreads starting from 0.0 pips and offers access to a wide range of markets, including forex, commodities, and indices. It is regulated by ASIC and the FCA, ensuring strong client protection.
7. FxPro
FXPro is a well-acclaimed online forex broker known for its full range of trading services and advanced platforms. By concentrating on offering competitive spreads and a broad assortment of financial instruments such as forex, stocks, indices, and commodities, FXPro serves both retail and institutional traders.
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The broker guarantees a versatile trading experience by providing access to widely used platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Moreover, FXPro is known for its robust regulatory framework, which enhances trading security and transparency.
Featured
Company Information | |
Company Name | FxPro |
🏢 Company Information | FxPro Group Limited |
📅 Year Founded | 2006 |
👩💼👨💼 Current CEO | Charalambos Psimolophitis |
👩💼👨💼 Founder/s | Denis Sukhotin |
👥 Amount of staff | Over 200 employees |
👨💻 Amount of active traders | Over 1.8 million |
📈 Publicly Traded (Listed Company) | No |
🇬🇧 Regulation and Security | Strong regulatory oversight |
🇬🇧 Regulation | FCA, CySEC, FSCA |
🇬🇧 Country of regulation | UK, Cyprus, South Africa |
💼 Account Segregation | Yes, funds are segregated |
🚫 Negative balance protection | Yes |
🔐 Two-step Authentication | Available |
🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
🏦 Institutional Accounts | Yes |
📊 Managed Accounts | No |
💱 Minor account currencies | USD, EUR, GBP, ZAR |
💰 Minimum Deposit | $100 / 1700 ZAR |
📊 Trading Conditions | Competitive spreads, fast execution |
⏳ Average deposit/withdrawal processing time | 1-2 business days |
💵 Fund Withdrawal Fee | No fees on most methods |
📉 Spreads from | 0.0 pips |
💸 Commissions | On cTrader accounts (from $4.5) |
🌍 Number of base currencies supported | 7 |
📈 Swap Fees | Yes, applicable on overnight trades |
📈 Leverage | Up to 1:500 |
📊 Margin requirements | 2% |
🌙 Islamic account (swap-free) | Yes |
🎓 Demo Account | Yes, unlimited |
⏱️ Order Execution Time | < 11ms |
☁️ VPS Hosting | Available for high-frequency traders |
🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
👆 One-Click Trading | Yes |
🤖 Expert Advisors | Supported on MT4/MT5 |
📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
📊 CFDs-Total Offered | Over 2000 instruments |
📈 CFD Stock Indices | Yes, major global indices |
🛢️ CFD Commodities | Yes, energy and metals |
📉 CFD Shares | Yes, large selection |
👀 Watch list | Customizable |
🔔 Trade Alerts | Yes |
📈 Trading Stocks with GP | Yes |
📊 Trading Indices with GP | Yes |
🛠️ Swap on trading board | Yes |
💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
💳 Deposit Options | Multiple methods supported |
💸 Withdrawal Options | Same as deposit methods |
🎁 Welcome Bonus | No |
💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
🚦 Stop-loss Instrument | Yes |
🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
🖥️ OS Compatibility | Windows, macOS, iOS, Android |
🔧 Forex trading tools | Yes, extensive |
💬 Customer Support | 24/5 support available |
💬 Live chat availability | Yes, 24/5 |
📧 Customer Support Email address | support@fxpro.com |
📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
🌐 Languages supported on FxPro Website | 18 languages |
📚 Educational Resources and Support | Webinars, articles, video tutorials |
👍 Beginners Trader friendly UX | Yes |
📚 Forex course | Yes, basic to advanced |
🖥️ Webinars | Yes |
📖 Educational Resources | Yes, rich library |
🤝 Partnerships and Programs | Yes |
🤝 Affiliate program? | Yes |
🤝 Amount of partners | 10,000+ |
📈 IB Program | Yes |
⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
💰 Rebate program | Yes, for IBs |
🗨️ Community Forum | No |
📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🌐 Official Website address | FxPro |
📘 Official Facebook Page | FxPro |
🐦 Official Twitter Page | FxPro |
📺 Official YouTube Channel | FxPro |
🔗 Official Linkedin Page | FxPro |
📸 Official Instagram Page | FxProGlobal |
🇿🇦 Regulatory Status in South Africa | FSCA regulated |
🇿🇦 Accept South Africa Traders? | Yes |
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)? | Yes |
🤝 Does FxPro offer an Affiliate Program for South African Traders? | Yes |
💱 Does FxPro allow accounts to be opened in ZAR / Rands? | Yes |
🚀 Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Great customer service | Temperamental website |
Quick transactions | Minimum transaction size |
Access to multiple trading platforms |
Our Findings
FxPro offers a well-rounded trading experience with competitive spreads from 0.3 pips and access to various instruments, including forex, shares, and commodities. Major authorities like the FCA and CySEC regulate.
8. Pepperstone
Pepperstone is renowned and recognized for being one of the best forex brokers in the world, offering low spreads and fast order execution. Anyone can trade in this platform since it provides diverse options, from currency pairs to indices, commodities, and even cryptocurrencies.
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone allows for several different trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. All of these platforms have advanced charting tools and customizable features that make them highly sought after by traders.
Additionally, this broker’s responsive customer support and competitively priced services have led to its popularity among traders who desire effective and affordable trading solutions.
Featured
🔎Broker | Pepperstone |
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | 300+ |
👩💻Amount of active traders | 300,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
🌎Country of regulation | Australia, UK, Dubai, Bahamas, Kenya |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | FSCS (UK clients) |
Account Types and Features | |
💳Institutional Accounts | No |
👨💼Managed Accounts | Yes (MAM/PAMM) |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, CHF |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No fees |
📊Spreads from | 0.0 pips |
💸Commissions | From $3.50 per lot (Razor Account) |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Applicable (except Islamic accounts) |
📈Leverage | Up to 1:500 |
📏Margin requirements | Varies by asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 30ms |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,200+ |
🗠CFD Stock Indices | 15+ |
⚖️CFD Commodities | 25+ |
📜CFD Shares | 900+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, cTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Smart Trader Tools, Autochartist, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@pepperstone.com |
📞Customer Support Contact Number | +44 203 097 8755 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 10+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, videos, webinars, tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 1,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Free withdrawals and deposits | Limited product portfolio of CFD, Forex an Crypto |
Great customer service | No Research or technical analysis data |
Low minimum deposit |
Our Findings
Pepperstone stands out for its ultra-low spreads starting from 0.0 pips and advanced trading platforms like MetaTrader 4 and 5. Regulated by top authorities such as ASIC and FCA
9. IC Markets
IC Markets is one of the most recognizable foreign exchange (forex) brokers, with low spreads and abundant liquidity available online. This platform allows users to trade everything from forex to commodities, indices, and cryptocurrencies, appealing to both retail and larger investors alike.
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Many traders approving of this broker attribute their unprivileged situation to favorable pricing and a great environment for efficient trading. This allows users to view real-time changing charts and make immediate orders when necessary.
Featured
🔎Broker | IC Markets |
Company Information | |
📅Year Founded | 2007 |
👨💼 Current CEO | Andrew Budzinski |
🏗️ Founder/s | Andrew Budzinski |
🧑🏻💻Amount of staff | 852 |
👩💻Amount of active traders | 180,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, ASIC, SCB, FSA |
🌎Country of regulation | Australia, Cyprus, Seychelles |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
🔐 Two-step Authentication | Yes |
Account Types and Features | |
➕Accounts | cTrader, Raw Spread, standard |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB, |
💰Minimum Deposit | $200 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant for deposits, 1-2 business days for withdrawals |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | From 0.0 pips |
💸Commissions | $3 per lot per side |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:500 |
📏Margin requirements | 100 USD traded, 1 USD margin |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | over +2200 |
🗠CFD Stock Indices | 25+ |
⚖️CFD Commodities | 22+ s |
📜CFD Shares | 1,600+ |
👀 Watch list | Yes |
📢 Trade Alerts | No |
📉 Trading Stocks with GP | Yes |
📊 Trading Indices with GP | Yes |
💱 Swap on the trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
💵Withdrawal Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
🎁 Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@icmarkets.com (General) |
📞Customer Support Contact Number | Thailand: +661800011956 Indonesia: +6280332160329 Colombia: +5718005190364 Vietnam: +8412032513 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 15 + |
Educational Resources and Support | |
🎓 Beginners Trader friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes, articles, videos, and tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 2 500+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
🪙Rebate program | Yes |
💬 Community Forum | No |
South African Trader Specific Information | |
🌐 Official Website address | www.icmarkets.com |
👍 Official Facebook Page | Yes |
🐦 Official Twitter Page | Yes |
▶️ Official Youtube Channel | Yes |
🏢 Official Linkedin Page | Yes |
📸 Official Instagram Page | Yes |
🌍 South African Specific Information | |
Does IC Markets Accept South African Traders? | Yes |
Is IC Markets regulated by the South African regulatory body (FSCA)? | No |
Does IC Markets offer an Affiliate Program for South African Traders? | Yes |
Does IC Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Low Forex fees | No negative balance protection |
Great Customer Service | Only Forex, crypto, and CFD trading |
Our Findings
IC Markets excels with some of the lowest spreads in the industry, starting from 0.0 pips. The broker provides access to a wide range of trading instruments, including forex, commodities, and indices. It is well-regulated by ASIC, CySEC, and SCB.
10. FP Markets
FP Markets is a well-established online forex broker famous for its all-inclusive trading products and competitive conditions. The broker provides access to different types of financial instruments, such as forex, commodities, indices, and shares.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets is known for having low spreads and rapid execution times through platforms such as MetaTrader 4, MetaTrader 5, and IRESS. Aiming at both inexperienced and professional traders who desire an effective trading experience, FP Markets guarantees transparency while ensuring clients have the best support possible.
Featured
Company Information | |
📅Year Founded | 2005 |
🧑🏻💻Amount of staff | 274 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC |
🌎Country of regulation | Australia, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw ECN, and VIP accounts available |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
💰Minimum Deposit | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
📈Leverage | Up to 1:500 depending on the account type and instrument |
📏Margin requirements | typically 0.2% - 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/5 |
📱Customer Support email address | support@fpmarkets.com |
📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 100,000 affiliates |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does FP Markets Accept South African Traders? | Yes |
Is FP Markets regulated by the South African regulatory body (FSCA)? | Yes |
Does FP Markets offer an Affiliate Program for South African Traders? | Yes |
Does FP Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Great Educational tools | Limited portfolio |
Great Customer Service | Web Platform needs to be updated a bit |
Large Product offering | High fee for international bank withdrawal |
Our Findings
FP Markets offers a strong trading environment with competitive spreads starting from 0.0 pips and a broad selection of instruments, including forex, commodities, and indices. The broker is well-regulated by ASIC and the CySEC.
Frequently Asked Questions
Which online broker is the best for beginners?
See the comprehensive list of 27 best online brokers of SAShares on our website, which provides information that can guide you as a beginner.
What is an online broker?
In short – an intermediary between the buyer and seller of financial instrument(s).
Are online brokers considered safe?
Generally, it is safe to trade forex online, and online brokers do everything possible to minimize threats. You should also implement your security
measures.
How do online brokers work?
By buying and selling stocks through an exchange, they charge a commission. They
can be found on the trading floor, by making trades electronically, or by phone.
Is online trading legit?
Yes.
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