22 Best Forex Brokers with Negative Balance Protection – ( Reviewed ) 2025

Negative balance protection is a precautionary measure taken by brokerage firms to safeguard their customers and it serves the purpose of ensuring that a trader does not lose more money than that deposited in the event of the traders account running into a negative during a trading activity.

XM Group

XM Group provides traders with a large selection of assets to choose from and is regulated by some of the most respected financial bodies in the sector.

Pros and Cons

XM Group is owned by Trading Point Financial Instruments Ltd and was established in 2009 and the company is an international brand, with headquarters in Sydney, London, and Belize.

XM Markets and Products

The XM Group offers traders three specific account types to choose from including –

Live trading accounts

• For traders within the EU, the XM Group Micro Account and the XM Group Standard Account both feature an unbeatable minimum deposit of $5.
• The XM Group Zero Account is also offered to traders within the EU and carries a minimum deposit requirement of $100 and spreads start from 0 Pips.
• Australia-based traders can benefit from the XM Ultra-Low Account with a minimum deposit of $50, this account type offers spreads starting from 0.6 Pips.
• Traders located outside Australia and the EU, can take advantage of the XM Group Shares Account. This account is only available in US dollars and focuses on trading share CFDs.

Demo accounts:  XM Group offers traders forex demo accounts with starting balances of $100,000 with the opportunity to practice using each of the account types listed above.

Islamic accounts:  Clients who follow the Muslim faith can also open Islamic accounts with XM Group.

Support services are available via telephone, email, and live chat, and these are available 24 hours a day, from Monday to Friday.

OctaFX

OctaFX operates as an STP (straight through processing), and ECN (Electronic Communication Network) Forex broker and offers traders two trading platforms to choose from.  Both platforms can be used on a desktop, laptop and mobile device.

All the normal payment channels are supported by OctaFX, including bank wire transfers, Skrill, major debit and credit cards, as well as UnionPay and the broker boasts several benefits like convenience and reliability, and with every transaction, traders will receive a free 50% bonus.

IC Markets

IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA).   IC Markets offers services and features suitable for both beginner and professional traders, a ‘go to’ choice for high volume traders, scalpers and trading algos.

Pros and Cons

IQ Option

IQ Option was founded in 2013 and offers two accounts that are designed to be accessible to every trader regardless of their experience level and trading balance. The standard trading account can be opened by depositing a minimum of $10 and offers all the trading tools a trader would need, and is a perfect choice for beginners.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

City Index

City Index is an online broker which was founded in 1983 and offers Forex, CFDs and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offer mobile apps for Android and iOS.

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of $25 to make a start.

City Index Trading benefits:

• Allows hedging
• Offers STP
• Low min deposit
• Guaranteed stop loss
• Offers Negative Balance Protection

City Index Trading Accounts on Offer include:

• Demo account
• Micro account
• Mini account
• Standard account
• STP account
• Managed account

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese and has a triple AAA grade support rating.

FXPro

FXPro is an online broker founded which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading.  FXPro is a global broker and has a head office located in the UK.

FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of $100.

What can be traded with FXPro?

• Over 250 instruments
• Over 70 currency pairs

FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

FXPro Trading benefits include:

• Allows scalping
• Allows hedging
• Low min deposit
• Offers Negative Balance Protection

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

AvaTrade

AvaTrade is an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.

Benefits of trading with AvaTrade:

• Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
• Headquarters:The British Virgin Islands
• Foundation year:2006
• Min Deposit:250
• Used: by over 200,000 traders

HotForex

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.

The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.

Key features include:

• Supports: MT4, MT5 for desktop, web & mobile
• Minimum deposit: $5
• Leverage: 1:1000

Trading Instruments: Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

eToro trading accounts on offer include:  Demo, Standard  and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

Plus500

Plus500 is a global online CFD provider which was founded in 2008 and offers traders CFDs trading.  When starting with Plus500 traders will need to make a minimum deposit of $100 with an option available to sign up for a demo account.  Traders have an option to trade in over 2,800 instruments and CFD on a user-friendly custom trading platform which is also available as a browser-based web application.

Plus500 are trading specialists offering:

• A free unlimited demo account
• A number of trading options
• Web trading and Mobile trading

Plus500 offers the best range of CFD with instruments including Bitcoin, Ethereum, Litecoin, NEO, Ripple XRP, IOTA, Stellar, EOS, Cardano, Tron and Monero. With Plus500, the minimum and maximum trade requirements will vary and is dependent on the trader and the instrument.  Plus500 supports a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, and more.

FXPrimus

FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading,

and is global broker with a head office in Cyprus.

• Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
• Used by over 10,000 traders
• FXPrimus is not available in the following countries: AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.

FXPrimus has won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs.

Exness

The Exness Group was founded in 2008, and offers traders access to more than 120 financial instruments to trade across.  Trading platforms available from Exness includes MetaTrader 4, MetaTrader 5, mobile trading platforms and the MT4 WebTerminal.

Pros and Cons

Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness support a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.

Pepperstone

Pepperstone is a global online broker which was founded in 2010 and offers Forex, CFDs and Social Trading.   Pepperstone is regulated and supervised by reputable organisations with a head office based in Australia.

With Pepperstone new traders will need a minimum deposit of $200 to open an account and the option is available to sign up for a demo account to familiarize themselves with the Pepperstone platform.  Pepperstone can accommodate various levels of traders whether a trader is experienced or just starting off in the trade.  Traders have the option to trade in over 100 instruments and over 70 currency pairs.

Pepperstone is one of the few brokers available that offer traders both of the MetaTrader platforms; MT4 and MT5 coupled with cTrader. Pepperstone also offer traders mobile apps for Android and iOS for the complete package.

Pepperstone benefits include:

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Offers Negative Balance Protection

Pepperstone allows traders to execute a minimum trade of 0.01 Lot and supports a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic.

Forex.com

Forex.com is an online broker which was founded in 1999 and offers Forex, Indices, Commodities, Equities and Cryptocurrencies trading with a minimum deposit of $500 needed to make a start.

Traders can trade in:

• Over 4500 instruments
• Over 80 currency pairs

Forex.com Trading benefits include:

• Allows scalping
• Allows hedging
• Offers STP
• Guaranteed stop loss
• Offers Negative Balance Protection

Forex.com Trading Accounts on offer include:

• Demo account
• Mini account
• Standard account
• ECN account
• STP account
• Islamic account

With Forex.com, the minimum and maximum trade requirements vary depending on the trader and the instrument and all accounts support a wide range of languages including English, Chinese, Arabic to name but a few.

OctaFX

OctaFX is a global online broker which was founded in 2011 and offers Forex trading and for those who are looking to make a start, a minimum deposit of $5. A demo account is also on offer for those wishing to acquaint themselves with OctaFX – both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform is on offer.  OctaFX also offer mobile apps for Android and iOS.

OctaFX are able to accommodate various levels of traders and has won numerous industry awards over the past 9 years. OctaFX doesn’t charge commission on CFD instruments.

OctaFX Trading benefits include:

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Guaranteed stop loss
• Offers Negative Balance Protection

OctaFX Trading Accounts on Offer include demo, Micro, Mini, Standard, zero spread, STP and Islamic and is regulated by Financial Conduct Authority (FCA).

XTB

XTB is an online broker which was founded in 2002 and offers Forex, CFDs, and Cryptocurrency trading.  XTB is a global broker with their head office situated in Poland.

XTB have won numerous industry awards over the 18 years that they have been operating as a financial broker and traders can choose to trade in a wide variety of instruments over 1,500 instruments and over 50 currency pairs in fact.  XTB offer traders the popular MT4 forex trading platform alongside the award-winning Xstation5.

XTB also offers traders mobile apps for Android and iOS and customer support in a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

City Index

City Index is an online broker which was founded in 1983 and offers Forex, CFDs and Spread Betting trading and traders can trade in over 12,500 instruments and over 100 currency pairs on the popular MT4 forex trading platform.  City Index also offer mobile apps for Android and iOS.

City Index is a global broker and has a head office situated in the UK and new traders will need to make a minimum deposit of $25 to make a start.

City Index Trading benefits:

• Allows hedging
• Offers STP
• Low min deposit
• Guaranteed stop loss
• Offers Negative Balance Protection

City Index Trading Accounts on Offer include:

• Demo account
• Micro account
• Mini account
• Standard account
• STP account
• Managed account

City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese and has a triple AAA grade support rating.

Trading 212

Trading 212 is a global online broker which was founded in 2006 and offers trading in Stocks, Forex, Commodities and Indices trading.  With Trading 212 new traders will need a minimum deposit of $1 to start and they have the option to sign up for a demo account.

Trading 212 accommodates traders on various levels, whether it be experienced or novice.  Trading 212 is regulated and supervised by reputable organisations and have won numerous industry awards over the past 14 years that they have been in operation.

Trader can trade in over 3000 instruments and over 177 currency pairs.  Trading 212 offer traders a user-friendly custom trading platform which is also available as a browser-based web application alongside mobile apps for Android and iOS.

Trading 212 benefits include:

• Allows hedging
• Offers STP
• Low min deposit
• Guaranteed stop loss
• Offers Negative Balance Protection

Trading 212 also offers traders a good selection of educational resources and offers customer support in a wide range of languages.

EasyMarkets

EasyMarkets is a global, online broker which was founded in 2001 and offers traders Forex and CFDs trading.  EasyMarkets offer traders the popular MT4 forex trading platform coupled with mobile apps for Android and iOS respectively.

EasyMarkets Trading benefits:

• Allows scalping
• Allows hedging
• Low min deposit
• Guaranteed stop loss
• Offers Negative Balance Protection

EasyMarkets Trading Accounts on Offer include Demo, Micro, Mini, Standard and Islamic but a demo account is also on offer and the minimum and maximum trade requirements will vary depending on the trader and the instrument.

EasyMarkets also offers supports a wide range of languages including English, German, Arabic, Chinese, Spanish and Polish.

Admiral Markets

Admiral Markets is an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK.  Traders will need a minimum deposit of $200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs.

Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS.

Admiral Markets Trading benefits include:

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit
• Offers Negative Balance Protection

Admiral Markets Trading Accounts Offered:

• Demo account
• Micro account
• Mini account
• Standard account
• ECN account
• STP account

Admiral Markets offers support in a wide range of languages including English, Spanish, Hungarian and much, much more!

Tickmill

Tickmill has a 100% NDD forex platform, meaning that there is no conflict of interest with their clients. Tickmills’ MT4 has full support for EA’s, multiple charts, news, limit orders & much more.

Tickmills’ MT4 is supported on Windows, Mac, Android, iOS, as well as webtrader and the platform has 62 currency pairs.

Key Features include:

• Supports: Metatrader for desktop, web & mobile
• Minimum deposit: $100 (~₦36,000)
• Leverage: 1:500
• Trading Instruments: Forex, CFDs on Stock Indices, precious metals

In Conclusion

Forex trading is a very lucrative enterprise but it is also very unpredictable. The first decision a trader needs to make in this sector is to get negative balance protection and choose a brokerage firm which offers this form of protection. With this, success is nearly guaranteed.

Frequently Asked Questions

What is negative balance protection?

A precautionary measure that brokerage firms take to safeguard their traders.

Which brokers have negative balance protection?

Here is a list of the 22 Best forex brokers with negative balance protection.

What is the purpose of negative balance protection?

If a traders account run into a negative during trading activity, a negative balance protection ensures that the trader does not lose more money than deposited.

What happens when your forex account goes negative?

You will have to cover the loss (the minimum balance) by making deposits later.

Why is forex dangerous?

The risk in the forex market is linked to everything than can impact on the price of the currency pairs you are trading in. If the markets go against you, you lose money.