27 Best Forex Brokers with Segregated Accounts – ( Reviewed ) 2025

According to research in South Africa, Forex trading is a high-risk trade where a trader will exchange currencies and predict futures in a market that chances continuously. While a trader understands and agrees to the high risks with which they can both win and lose big they will not want to endure any unnecessary risks. All traders are naturally concerned for the funds which are be deposited and invested with any Forex broker and traders would want to be assured of safety at all times.

What is a segregated account?

A segregated account is separate accounts for the clients and the company funds. This means that the broker controls but can’t use the traders’ money to further invest or cover any expenses or loss. This means that the traders’ funds are well-protected but, this is not a 100% protection as in the case of bankruptcy the clients would receive refunds according to the regulations under which the broker operates.

AvaTrade

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

Benefits

• 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

AvaTrade is an excellent partner for all types of trader, be it beginner or pro – with over 200,000 active traders around the globe, on both the MetaTrader 4 and AvaGo platforms.  AvaTrade offers great trading conditions across Forex, commodities, cryptocurrencies, ETFs, bonds, and equities and boasting FSCA and ASIC regulation.

Features

AvaTrade does not charge their clients for making deposits and withdrawals and the only costs are the bank card, e-wallet, or bank transfer fees.  Traders have access to professional customer support, 24 hours a day, five days a week.

ForexTime (FXTM)

ForexTime (FXTM) Offers Local NGN Funding, an offer not made by most online brokers which increases exchange costs of currency trading. ForexTime offers NGN account funding through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account for ForexTime. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.

Forex Time (FXTM) User Likes and Dislikes:

Pros and Cons

Key Features of FXTM (ForexTime)

ForexTime offers social trading (copy trading) which means a trader:

• Selects a Strategy Manager
• Makes a deposit (minimum deposit of $100)
• Mirror the Strategy Manager’s trade
• Watch as you share a percentage of wins/losses
• Cash-out or add deposits when required

ForexTime is ideal for Nigerian traders new to CFDs with a higher risk profile.

Alpari

Alpari offers the latest MT5 software coupled with solid features without a freezing or downtime. Alpari also offer instant order execution with Nano, Standard accounts, and market execution with their ECN accounts and comes with multiple timeframes, order types and many technical indicators for technical analysis. There is a news feed built in to keep track of any news during trading and a PAMM account for investors are also on offer with an app where traders can keep track.

Features

• Supports: MT4 & MT5 with multi device support
• Minimum deposit: ₦0
• Leverage: 1:1000
• Trading Instruments: 46 Forex pairs, Cryptocurrency, CFDs on Indices

XM Group

The XM Group provides the entire suite of MetaTrader platforms plus over 1300 tradeable instruments.

• The XM Group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
• Pricing at XM Group varies by account type.

XM Group is considered as an average-risk, and is not publicly-traded and does not operate a bank.

Offering of Investments

The XM Group offers traders CFDs on 1200 stocks, 30 indices, eight commodities, four metals, five energies, and 57 forex pairs.

Commissions & Fees

The commissions and fees at XM Group is depended on the type of account used.

Spreads: In the XM Zero account, average spreads on the EUR/USD stand at 0.1 pips (according to XM Group website data, and not including commission), compared to the commission-free Standard and Micro account, which had average spreads of 1.7 pips for the same pairs.

Commissions: Even after including the USD $3.5 per side commission ($7 per Round Turn), and average spreads of 0.1 pips on the EUR/USD, the all-in cost to trade is 0.8 pips (0.1 spread + 0.7 RT commission), making the XM Zero account the firm’s most competitively priced offering.

Platforms & Tools

XM Group is a MetaTrader-only broker offering the standard experience which includes both MT4 and MT5.

XM Group’s research offering consists of:

• Content generated by an in-house team of analysts including:
• Daily market recaps and
• Technical and fundamental analysis articles and videos.
• An economic calendar powered by Investing.com

Trading signals: The XM Group offers its trading signals hub to live account holders but, trading signals that can be automated are currently limited to the Signals Market available within the MetaTrader platform.

Technical analysis:  The XM Group offers Tradepedia, which provides educational Forex and CFD content.

Video news analysis:  The XM Group creates daily forex news videos with market analysis explained in a TV interview-style format.

Customer Service

• Average Connection Time:<1 minute
• Average Net Promoter Score:66 / 10
• Average Professionalism Score:2 / 10
• Overall Score:7 / 10
• Ranking:24th out of 43 brokers

When choosing a Broker, Traders should consider and keep the following factors in mind:

• Ensure that the broker has a history of at least 2 years.
• A reasonable sized customer support of at least 15 users is a good indication of the Brokers
• Check that the Trading Platform falls under regulationfrom a jurisdiction that can hold a broker responsible for any misgivings.
• Ensure that Trading Platform has the ability to get deposits and withdrawals processed within a shorter time period.

It is not essential that the brokerage is locally situated but they must carry a regulation from a Tier 1 reputable country.

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.

Founded:                             2010
Regulator:                           FCA United Kingdom, FSA Seychelles, DFSA Dubai, FSCA South Africa
Account currency:           USD, EUR, GBP
Minimum deposit:          $5
Leverage:                            Up to 1:1000
Average spreads:             EURUSD – 1 pip, GBPUSD
Commissions:                    $7 per lot round-turn on the Zero Spread account.
Platforms:                           MT4, Web, Mobile

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.

Features

• Supports: MT4, MT5 for desktop, web & mobile
• Minimum deposit: $5
• Leverage: 1:1000
• Trading Instruments: Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

FP Markets

FP Markets is a global, online broker which was founded in 2005 and offer Forex trading and has a head office situated in Australia.

When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

Benefits

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

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

HYCM

HYCM is an online broker founded in 1977 and offers both Forex and CFDs trading.  HYCM are a global broker with a head office based in UK.

• Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
• Min Deposit: 100
• Used by over 10,000 traders

HYCM has won numerous industry awards over the past 43 years and is governed and supervised by reputable financial regulatory bodies.

Benefits

• Allows scalping
• Allows hedging
• Low min deposit

HYCM Trading Accounts Offered:

• Demo account
• Micro account
• Mini account
• Standard account
• Islamic account

With HYCM, the minimum and maximum trade requirements may vary depending on the trader and the instruments.  HYCM supports a wide range of languages including English, Chinese, Chinese (Traditional), Arabic, and Russian.

EasyMarkets

EasyMarkets Is the Best Forex Broker for Beginners in Nigeria and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:

• Enhanced risk management tools as standard
• Fixed spreads on all forex pairings
• An easy to use forex trading platform

Risk Management Tools Offered by EasyMarkets

EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:

Deal Cancellation:

‘dealCancellation’, when activated allows a trader to cancel a trade within 60 minutes when the markets move in the wrong direction, which is perfect for beginners or those who are concerned about the high risk of leveraged products.

Note: Only certain currency pairings offer dealCancellation and the feature can only be activated at certain times and there is a small fee when this is activated.

Guaranteed Stop Loss Orders:

Most forex brokers in Nigeria offer stop-loss orders which will exit a trader when a set profit or loss is made on any trade, but the issue exists that when a market has low liquidity or experience high turbulence the CFD provider won’t be able to exist the trader at the set price, this is known as slippage and can lead to unexpected losses exceeding traders’ expectations.  EasyMarkets make all stop-loss ordered guaranteed stops meaning the maximum losses set are guaranteed to be locked in or the FX broker will cover the difference.

Negative Balance Protection:

Similar to stop losses, negative balance protection helps stop a trader’s losses before it exceeds their expectations, but in this case, rather than protecting losses exceeding the amount set on a single trade, this stops overall losses from exceeding deposits. EasyMarkets guarantees traders that they will not lose more than their balance and if this does occur, they will cover the difference.

Perfect Platform for Beginners:

EasyMarkets has a trading platform which is perfect for Beginners and offer the choice of MT4 or their own online trading platform. The EasyMarkets features such as dealCancellation are only available through their online forex platform which also includes a mobile trading app for iPhone, Android and iPad devices.

Read 21 Best Forex Brokers for Spread Betting – ( Reviewed ) 2025

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.

Roboforex

Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading.  When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform.

Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offer mobile apps for Android and iOS.

Benefits

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit

Roboforex Trading Accounts include – Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic and all accounts support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, and much more.

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.

Benefits

• 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.

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.

Benefits

• 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.

IC Markets

IC Markets is an online broker which was founded in 2007 and offers Forex, CFDs, Spread Betting, Share dealing, and Cryptocurrencies trading on offer both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.

IC Markets is a global broker and has a head office situated in Australia and new traders will need a minimum deposit of $200 to get started and a demo account is on offer for those who want to get acquainted with the IC Markets platform.  IC Markets are able to accommodate various levels of traders whether they are experienced or just beginning in the trading game.

Traders can trade in a wide variety of instruments and currency pairs

• Over 232 instruments
• Over 65 currency pairs

IC Markets also offer traders mobile apps for Android and iOS and two accounts types, Standard account and Raw Spread account.  IC Markets supports a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more.

Axitrader

Axitrader is an online broker which was founded in 2007 and offers Forex, CFDs and Social Trading, is a global broker and has a head office situated in Australia with no minimum deposit needed to get started plus a demo account is on offer.

Axitrader is able to accommodate various levels of traders and offers the MT4 forex trading platform plus mobile apps for Android and iOS, respectively.

Benefits

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit

Other Benefits of trading with Axitrader include:

• Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
• Headquarters:Australia
• Foundation year:2007
• Min Deposit:No minimum deposit.
• Used by over 10,000 traders

Axitrader Trading Accounts on Offer include Demo, Micro, Mini, Standard, ECN, STP and Islamic and support is offered in a wide range of languages including English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic.

IQ Option

Founded in:                        2013

Headquarters:                   Cyprus

Regulation:                         CySEC

Platforms:                           In-House Platform

Leverage:                            1:30 and/or 1:1000

Minimum Deposit:          USD$10

IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.

The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan.

Pros and Cons

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.

Features

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

Read 18  Best Share and Stock Trading Brokers – ( Reviewed ) 2025

TD Ameritrade

TD Ameritrade was founded in 1978 and it is one of the biggest US-based stockbrokers. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

Pros and Cons

Major investment categories include:

• Options
• ETFs
• Mutual Funds
• Futures
• Forex
• Managed Portfolios

Customer service options are available 24/7.

• 24/7 phone line.
• Chatbots deployed on Twitter, Facebook Messenger, Apple Business Chat, and WeChat (in Asia).
• Live chat support on the TD Ameritrade Mobile trader app.
• Excellent trading-related guides
• TD Ameritrade support associates have the ability to shadow your trading platform and demonstrate its features to you.
• The virtual client service agent, Ask Ted, provides automated support by answering client’s questions and directing them to content within the site.

FBS

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.

Features

FBS is a popular international broker and offers clients competitive trading conditions, a wide range of trading accounts, payment methods, a choice of fixed and variable spreads, Metatrader 4 and MetaTrader 5, as well as various promotions.  An account with FBS can be opened for just $1.

InstaForex

InstaForex is a MetaTrader only broker.

Pros and Cons

Is Instaforex Safe?

Instaforex is considered high-risk and is not publicly traded and does not operate a bank. Instaforex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Commissions & Fees

InstaForex offers users two main account types:

• Standard (ECN / non-dealing desk)
• Eurica (dealing desk).

Both above mentioned accounts have a 1 USD minimum deposit.

Research & Education

InstaForex provides a range of offerings which includes InstaForex’s daily market analysis blogs and technical analysis posts via MT5. Interviews, weekly reviews, and educational videos are also available.

Education primarily includes videos, a glossary, and a variety of text articles based on forex trading.

Platforms & Tools

InstaForex is a MetaTrader4-only broker – offering the MT4 platform suite from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web.

• InstaForex features only the default functionality
• No other third-party platforms or plugins provided to traders

iOS and Android versions of the MetaTrader 4 mobile app come standard and are both available for download from the Apple iTunes store and Android Playstore, respectively.

Interactive Brokers

Interactive Brokers had its start in 1978 and is one of the biggest US-based discount brokers regulated by several financial authorities globally.

Pros and Cons

Customer Service is available

• 24-hour weekday phone line with callback service
• Online chat with a human agent
• Secure message centre
• AI-powered IBot directs customers to online FAQs and resources

Interactive Brokers provides a wide range of investor education programs provided free of charge and the traders Academy is a structured for financial professionals, investors, educators, and students.

Markets.com

Markets.com is an online broker which founded in 2008 and offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers trading and Markets.com is a global broker with a head office situated in Cyprus.

New traders will need to make a minimum deposit of $100 and a demo account is available for those who wants to try before they ‘buy’ in.

Traders can trade in a wide variety of instruments and currency pairs

• Over 100 instruments
• Over 80 currency pairs

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

Benefits

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

Markets.com Trading Accounts on Offer include:

• Demo account
• Mini account
• Standard account
• Islamic account

Markets.com support a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish.

Vantage FX

Vantage FX was founded in 2009 and offers retail forex and CFD traders the Metatrader platform suite, ChartIQ, as well as auto trading on ZuluTrade and Myfxbook and is considered average-risk.  Vantage FX is mainly a MetaTrader broker and offers traders the popular platform suite developed by MetaQuotes Software Corporation, which includes MetaTrader4 (MT4) and MetaTrader 5 (MT5).

Features

Regardless of the platform a trader chooses to use, the trading cost at Vantage FX depends on the account opened and seeing that Vantage FX is a MetaTrader broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Google Playstore, respectively.

Last but not least, the Lesser known:

Olymp Trade

Darwinex

Oinvest

GO Markets

Read 20 Best DMA Forex Brokers – ( Reviewed ) 2025

In Conclusion

Segregated accounts for the trader provide safety and proves the reliability and transparency of a Forex broker. This does not provide definite and 100% protection but it surely provides the trader with added peace of mind, according to research in South Africa.

Frequently Asked Questions

What is the function of a segregated account broker?

A broker that assist clients in keeping accounts separate from company accounts, allowing the client to trade without being involved with company funds.

Which forex brokers have segregated accounts?

Here is a list of the 27 Best Forex Brokers with Segregated Accounts

Are traders’ funds well protected in a segregated account?

Funds are well protected, but in the event of bankruptcy, traders only receive funds according to the regulations under which that broker operates.

Does FXTM offer segregated accounts?

Yes.

Does forex trading really work?

Yes, it does.