The Financial Times Stock Exchange (FTSE) 100 is a popular index that contains the best FTSE 100 Forex brokers. Companies are listed on the London Stock Exchange (LSE) according to their market capitalization.
15 Best FTSE 100 Forex Brokers (2025):
- ☑️Plus500 – Strong Regulatory Structure.
- ☑️Libertex – User-friendly tools to trade assets.
- ☑️eToro – Best FTSE Regulated Forex Broker.
- ☑️CMC Markets – Offering competitive spreads.
- ☑️IG – Wide Range of Trading Instruments.
- ☑️Interactive Brokers – They provide extensive research resources.
- ☑️Fidelity – Focus on investment management.
- ☑️XM – Known for their Fair and Ethical trading.
- ☑️Saxo Bank – They have a Advanced Platform.
- ☑️City Index – Offers various tools to analyze the FTSE 100.
- ☑️HFM (HotForex) – Platform is Beginner Friendly.
- ☑️AvaTrade – The broker has the option of fixed spreads.
- ☑️Capital.com – Commission-Free Trading.
- ☑️XTB – Offers some of the Lowest Commissions.
- ☑️easyMarkets – Very good Risk Management Tools.
Plus500
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Plus500 has been in operation since 2008 and it is a multi-regulated and trusted CFD provider that has offices in Singapore, Australia, Cyprus, and the United Kingdom, with respective regulations and authorization in each region.
The broker is well-known as a leading CFD provider that offers traders a wide range of tradable instruments, competitive trading conditions, no commissions and tight spreads, and a powerful proprietary trading platform through which trades can be executed seamlessly on mobile and desktop.
Unique Features
🔎Broker | Plus500 |
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | 569 |
👩💻Amount of active traders | 280,769 active users |
🌐Publicly Traded (Listed Company) | Yes, on the London Stock Exchange's Main Market |
Regulation and Security | |
🛡️Regulation | FCA, ASIC, CySEC, MAS, FSCA |
🌎Country of regulation | UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan |
💻Account Segregation | Yes, client funds are held in segregated bank accounts |
🪫Negative balance protection | Yes, in some jurisdictions |
🔋Investor Protection Schemes | £85k to UK, €20k to EU clients, and $0 to other clients |
Account Types and Features | |
➕Accounts | Retail Account |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR/JPY, AUD/JPY, and GBP/EUR |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.8 pips |
💸Commissions | No commission is charged |
💱Number of base currencies supported | 48 |
🚀Swap Fees | Yes, Charged on leveraged overnight positions |
📈Leverage | 1:30 |
📏Margin requirements | Yes |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2800 financial instruments, including Shares, Forex, Indices, Commodities, ETFs and Options. |
🗠CFD Stock Indices | Yes, including FTSE 100 |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
💵Withdrawal Options | Bank wires, credit/debit cards, Skrill, Neteller, and Paypal. |
Trading Platforms and Tools | |
💻Trading Platforms | User-friendly web and mobile platforms |
👩💻OS Compatibility | Windows, Mac, Web-based |
🖥️Forex trading tools | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support Online Whatsapp | Yes 24/7 |
📞Customer Support Contact Number | +65 6320 1111 and +65 6320 1119. |
👾Social media Platforms | Yes (Facebook, Twitter, etc.) |
🗣️Languages supported on Plus500 Website | 32 Languages |
Educational Resources and Support | |
🖺Forex course | Not offered |
🧏♀️Webinars | Free Trading Webinars & Market Analyses |
📚Educational Resources | Free trading e-book, How to Videos etc. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 40 000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | BSC Young Boys Super League, Italian Serie A club Atalanta and Polish Ekstraklasa team Legia Warsaw. |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Plus500 Accept South African Traders? | Yes, offer full-trading package to South African traders. |
Is Plus500 regulated by the South African regulatory body (FSCA)? | Yes, it is regulated and licensed by the FSCA. |
Do Plus500 offer an Affiliate Program for South African Traders? | Yes, It offers an Affiliate program for most regions. |
Do Plus500 allow opening trading accounts in ZAR? | The company supports having a base account currency in ZAR. |
👉Open Account | Open Account (CFD Service. Your capital is at risk) |
Is Plus500 available in South Africa?
Plus500 is available in South Africa.
Does Plus500 have Forex pairs with ZAR?
The broker have 3 forex pairs with ZAR.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
➡️Indices | FTSE 100 (UK100) | 0.5 pts | 1.0 pts | 2.0 pts |
📜Stocks | Apple (US_AAPL) | $1.00 | $2.00 | $3.00 |
🪙Commodities | Gold (XAUUSD) | $0.50/oz | $1.00/oz | $2.00/oz |
💲Cryptocurrencies | Bitcoin (BTCUSD) | $50 | $100 | $200 |
User Reviews
- Sarah Jones, Australia: “Plus500 offers easy-to-use platform & wide range of assets (Indices, Stocks, Crypto). Spreads can be high, but customer support is helpful.”
- Marie Dubois, France: “Plus500 is well-regulated (FCA, ASIC). Leverage can be risky, so be cautious. Overall, good platform, but research before trading.”
- David Müller, Germany: “Platform is user-friendly with good mobile app. Customer service is responsive, but fees can add up.”
- Kim Lee, South Korea: “Plus500 offers CFD trading with tight spreads on major Forex pairs. Limited educational resources compared to some brokers.”
Plus500 Pros and Cons
✅ Pros | ❌ Cons |
No commissions and tight spreads | Inactivity fee charged on dormant accounts |
Multi-regulated | Fixed spread accounts are not offered |
No deposit or withdrawal fees | |
Excellent 24/7 customer support |
Our Findings
As a CFD trader who values the ease and convenience of trading, Plus500 would be a good option for you. Their mobile and desktop platforms are so easy to use, they are my favorite. And not like most CFD Brokers, Plus500 also has real stocks in their Plus500 Invest platform which is great for long term investing especially when you have a habit to trade. However, people looking to save money may seek services from other companies; although Forex trading charges at Plus500 are average.
Libertex
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
Overview
Established in 1997, Libertex is a reputable CFD and forex broker that has regulation with CySEC in facilitating trades of more than 3 million registered traders from several regions worldwide.
Libertex may not be one of the largest brokers, but it offers competitive trading conditions, a powerful online trading app, and a dynamic and safe trading environment for both beginners and professional traders.
The broker offers traders the benefit of a variety of useful trading tools, customizable solutions, and several other crucial components that help traders achieve their trading objectives.
Unique Features
Company Information | |
📅Year Founded | 1997 |
🧑🏻💻Amount of staff | 700 Employees |
👩💻Amount of active traders | 2.9 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, FSCA, FSC |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes, client funds are segregated from company funds |
🪫Negative balance protection | Yes (in some jurisdictions) |
🔋Investor Protection Schemes | Limited. May vary depending on your residency. CySEC offers some investor protection, but it might not cover all potential losses. |
Account Types and Features | |
➕Accounts | Libertex CFD Libertex Invest |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR, GBP, CHF or PLN |
💰Minimum Deposit | $50 USD/R911,89 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.1 pips |
💸Commissions | 0.0003% per forex |
💱Number of base currencies supported | 50+; major, minor, and exotic pairs |
🚀Swap Fees | Yes, charged on leveraged overnight positions |
📈Leverage | 1:30 |
📏Margin requirements | Yes |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 300 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank wires, credit/debit cards, PayPal, Sofort, iDeal, Trustly, Paysafe Card, Skrill, Giro Pay, SEPA, Jeton, Multibanco, P24, Blik, Rapid, eService, Neteller, and Teleingreso. |
💵Withdrawal Options | Bank wires, credit/debit cards, PayPal, Sofort, iDeal, Trustly, Paysafe Card, Skrill, Giro Pay, SEPA, Jeton, Multibanco, P24, Blik, Rapid, eService, Neteller, and Teleingreso. |
Trading Platforms and Tools | |
💻Trading Platforms | User-friendly web and mobile platforms |
👩💻OS Compatibility | Windows, Mac, Web-based |
🖥️Forex trading tools | Cryptocurrencies, Forex, indices, commodities, shares, options, ETFs |
Customer Support | |
🗣️Live chat availability | Monday to Friday 9-19 |
📱Customer Support email address | info@libertex.com or support@libertex.org |
📞Customer Support Contact Number | +357 22 025 100 |
👾Social media Platforms | Yes (Facebook, Twitter, etc.) |
🗣️Languages supported on Plus500 Website | English, French, Dutch, Portuguese, Polish, Italian, Spanish, German |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Users have full access to webinars, courses, and video trading demonstrations to master all areas of trading. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 10 000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | FC Bayern |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Libertex Accept South African Traders? | Yes, offer full-trading package to South African traders. |
Is Libertex regulated by the South African regulatory body (FSCA)? | Yes, it is regulated and licensed by the FSCA. |
Do Libertex offer an Affiliate Program for South African Traders? | It offers an Affiliate program for most regions. |
Do Libertex allow opening trading accounts in ZAR? | No |
👉Open Account | Open Account |
What countries are restricted by Libertex?
- Central African Republic
- Zimbabwe
- Uganda
- USA etc.
In which currency can I deposit?
You can open your Libertex account in EUR, GBP, CHF or PLN.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 1.0 pip | 1.5 pips | 3.0 pips |
➡️Indices | US30 (Wall Street 30) | 0.7 points | 1.0 point | 1.5 points |
📜Stocks | Apple (US) | 0.08% | 0.10% | 0.15% |
🪙Commodities | Gold | $0.80 | $1.20 | $2.00 |
💲Cryptocurrencies | Bitcoin | 20 pips | 50 pips | 100 pips |
User Reviews
- Wei Li, China: “CySEC regulation assures legitimacy. Competitive spreads on major forex pairs. Limited investment options besides CFDs.”
- Jean Pierre, France: “Great mobile app for trading on the go. Satisfied with educational webinars, but platform can feel cluttered at times.”
- Katherine Lee, Singapore: “Libertex offers social trading features, which is interesting. Spreads can be a bit high on some CFDs compared to competitors.”
- Emily Jones, UK: “User-friendly platform for beginners. Helpful educational resources, but customer support response times could be faster.”
Libertex Pros and Cons
✅ Pros | ❌ Cons |
Client funds kept in segregated accounts | Restricted leverage for retail traders |
ICS member | Limited education |
Powerful proprietary trading software | A limited choice between trading accounts |
Transparent Fees | Missing Platform Features |
User-Friendly Platform | No Tier-1 Regulation |
Our Findings
Libertex involves itself in retail investor business, providing simple tools that allow people to trade various stocks, indices, commodities, forex or even cryptocurrencies. It has regulatory oversight from CySEC so there may be some form of safety owing to things such as customer funds separation. It also has an offer where someone can invest in stocks without getting charged commission fees but there is also a type of traditional CFD trading that one may opt for here, thus enabling them make decisions regarding whether their interest lies in short-term speculation alternates with long-range funding.
eToro
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview
eToro has been in operation since 2006 and it is a well-established, well-regulated market maker broker with traders from more than 140 countries worldwide. eToro is the leading online social trading platform that provides the best environment for social trading, copy trading, and signal sharing in a large online community.
The broker offers both retail traders and investors an impressive portfolio of tradable financial instruments that can be traded through its powerful, popular, and award-winning proprietary trading software.
It also offers commission-free trading while also ensuring that there is no mark-up on spreads, zero ticketing, and no management fees. The eToro community offers a user-friendly platform to all traders despite their trading experience.
Unique Features
Company Information | |
📅Year Founded | 2007 |
🧑🏻💻Amount of staff | 2,422 |
👩💻Amount of active traders | 13.9 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, FCA, ASIC, FinCEN, FINRA, FSA |
🌎Country of regulation | Cyprus (Europ), UK, Australia |
💻Account Segregation | Yes, eToro keeps client funds in segregated accounts separate from company funds. |
🪫Negative balance protection | No, eToro does not offer negative balance protection. This means losses on trades can exceed your account balance. |
🔋Investor Protection Schemes | Yes, the level of investor protection varies depending on the eToro entity and your location. Examples include: * Financial Services Compensation Scheme (FSCS) in the UK (up to £85,000) * Investor Compensation Fund of Cyprus (ICFC) in Europe (up to €20,000) |
Account Types and Features | |
➕Accounts | Retail Account (default): Suitable for most traders, offers commission-free stock and ETF trading, copy trading, and Smart Portfolios. * Corporate Account: For businesses to trade with company capital. |
💳Institutional Accounts | No |
👨💼Managed Accounts | Not offered directly by eToro. However, you can copy the trades of successful investors through their CopyTrader program. |
📇Minor account currencies | US Dollar (USD) Euro (EUR) British Pound Sterling (GBP) Australian Dollar (AUD) Canadian Dollar (CAD) |
💰Minimum Deposit | $10 (USD)/R182 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are usually processed instantly. Withdrawals can take 1-5 business days. |
🪙Fund Withdrawal Fee | $5 fee for withdrawals below $50. Free for withdrawals above $50. |
📊Spreads from | Starts from 0 pips (variable spreads). |
💸Commissions | No commission on stock and ETF trading. Commissions apply to CFD trading and other instruments. |
💱Number of base currencies supported | 21 |
🚀Swap Fees | Yes, Overnight fees (swaps) apply to leveraged positions held overnight. Can vary depending on the instrument and position. |
📈Leverage | 20:1 or even 10:1 |
📏Margin requirements | $500 or 20% |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered by eToro directly. |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2,000 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit Card/Debit Card, Online wallets (e.g., PayPal, Skrill) |
💵Withdrawal Options | Bank Transfer (most common), some online wallets (availability may vary). |
Trading Platforms and Tools | |
💻Trading Platforms | User-friendly web and mobile platforms |
👩💻OS Compatibility | Windows * macOS * iOS (iPhone and iPad) * Android |
🖥️Forex trading tools | Live charts with technical indicators * Market analysis tools * Order types (e.g., stop-loss, take-profit) * News feed * Sentiment analysis (on some assets) |
Customer Support | |
🗣️Live chat availability | Available for Club members (premium account) from Monday to Friday, 8:00 AM to 8:00 PM EST. |
📱Customer Support email address | Use the online ticketing system. |
📞Customer Support Contact Number | Use the online ticketing system. |
👾Social media Platforms | Facebook, Twitter, YouTube, Instagram, and LinkedIn. |
🗣️Languages supported on webpage? | 21 languages available on their platform. This includes English, Spanish, French, German, Italian, Arabic, Chinese, and more. |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | eToro occasionally offers webinars on various investment topics, but not specifically focused on forex. |
📚Educational Resources | eToro Academy provides a comprehensive library of educational resources, including: * Video tutorials * In-depth articles * Courses on various investment topics (stocks, ETFs, cryptocurrencies, basic and technical analysis) * Glossaries and FAQs |
Partnerships and Programs | |
🪪Affiliate program? | Yes, eToro offers a partner program where you can earn commissions for referring new traders. |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | eToro does not have a traditional Introducing Broker (IB) program in the sense of directly partnering with other brokers. |
🏃♂️➡️Do they sponsor any notable events or teams? | The English Premier League, the German Bundesliga, UK Premiership Rugby, and the Australian A-League. |
🪙Rebate program | eToro does not currently offer a general rebate program. However, they may offer occasional promotions or bonuses. Check their website for current offers. |
South African Trader Specific Information | |
Does eToro Accept South African Traders? | Yes, with limitations. South African residents can open accounts with eToro, but through their FCA-regulated entity. |
Is eToro regulated by the South African regulatory body (FSCA)? | No, eToro is not directly regulated by the South African Financial Sector Conduct Authority (FSCA). Their FCA regulation applies to UK clients. |
Does eToro offer an Affiliate Program for South African Traders? | Yes, as the affiliate program is likely offered globally. However, eToro may have restrictions based on location, so it's recommended to check with their affiliate program terms. |
Does eToro allow opening trading accounts in ZAR (South African Rand)? | No, eToro does not currently allow ZAR as a base currency for trading accounts. |
👉Open Account | Open Account |
What can I trade on eToro?
Trading is done on a variety of stocks, ETFs, cryptocurrencies (with CFDs too) and some commodities. Also, copy trading is available in case you would like to copy the accounts of the best traders.
Is eToro safe and secure?
eToro takes security seriously and keeps client funds separate from company funds. However, it’s important to remember that all trading involves risk.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 1 pip | 1.5 pips | 3 pips |
➡️Indices | US Tech 100 | 0.50 points | 1.00 point | 1.50 points |
📜Stocks | Tesla (US) | 0.08% | 0.10% | 0.15% |
🪙Commodities | Gold | $0.80 | $1.20 | $2.00 |
💲Cryptocurrencies | Bitcoin | 1.00% | 1.50% | 2.50% |
User Reviews
- Daniel Hernandez, Spain: “Great platform for social trading and beginners. Limited educational resources, but customer support is helpful.”
- Michael Rodriguez, Mexico: “Love the copy trading feature! Average spreads for forex pairs. Trust score seems good, but withdrawal fees could be lower.”
- Antonio Rossi, Italy: “eToro is FCA regulated, which gives peace of mind. Lacks advanced technical analysis tools for experienced traders.”
- Marie Dubois, France: “Wide range of assets including stocks and crypto, but some CFD fees feel high.”
eToro Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by top market regulators | US clients not accepted |
Client funds kept in segregated accounts | MetaTrader not provided |
Commission-free trading | Scalping and hedging are not allowed |
Traders can buy fractional shares | Inactivity fee charged after a year |
Our Findings
In this reflection, I like to utilize the app because of its ease of application, which is really good. This is not at all tough; hence it’s a good platform for starting traders, while still a helpful device for those who intend to hold onto their shares over many years. I consider it a valuable device through which to invest small amounts of one’s own money, because it is simple to use and pretty user-friendly in addition being steady to my mind.
CMC Markets
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Established in 1989, CMC Markets is one of the most popular brokers in the United Kingdom that has an award-winning history with strict regulation and authorisation in several jurisdictions.
CMC Markets is also one of few CFD and forex brokers listed on the London Stock Exchange. CMC Markets has established itself as a leading and trusted broker that offers traders some of the best trading conditions in the industry.
Traders can expect a variety of tradable instruments, powerful trading software, and advanced and useful trading tools that suit the trading needs of both beginners and professional traders.
Unique Features
🔎Broker | CMC Markets |
Company Information | |
📅 Year Founded | 1989 |
Current CEO | Lord Kirkpatrick |
Founder/s | Peter Cruddas |
🧑🏻💻 Amount of Staff | Approximately 1,500 |
👩💻 Amount of Active Traders | Over 50,000 active traders |
🌐 Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange |
Regulation and Security | |
🛡️ Regulation | FCA (Financial Conduct Authority) |
🌎 Country of Regulation | United Kingdom |
💻 Account Segregation | Yes, client funds are held in segregated accounts |
🪫 Negative Balance Protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋 Investor Protection Schemes | Yes, eligible for Financial Services Compensation Scheme (FSCS) |
Account Types and Features | |
➕ Accounts | Standard, Professional |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | Yes |
📇 Minor Account Currencies | Multiple (including ZAR, EUR, GBP, USD, etc.) |
💰 Minimum Deposit | $0 (for standard account) |
Trading Conditions | |
🕞 Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
🪙 Fund Withdrawal Fee | None |
📊 Spreads From | From 0.7 pips |
💸 Commissions | No commissions on forex trades; spreads apply |
💱 Number of Base Currencies Supported | 10+ |
🚀 Swap Fees | Applicable (depends on position and instrument) |
📈 Leverage | Up to 1:500 (varies by instrument) |
📏 Margin Requirements | Depends on the instrument; generally 0.2% - 2% |
☪️ Islamic Account (Swap-Free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | Typically 100 ms or less |
📆 VPS Hosting | Yes, available for clients |
Trading Instruments | |
🧾 CFDs - Total Offered | Over 10,000 |
🗠 CFD Stock Indices | Yes, multiple global indices available |
⚖️ CFD Commodities | Yes, including metals, energy, and agriculture |
📜 CFD Shares | Yes |
Watch List | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Bank transfer, credit/debit cards, PayPal |
💵 Withdrawal Options | Bank transfer, credit/debit cards |
Welcome Bonus | Not commonly offered |
Trading Platforms and Tools | |
💻 Trading Platforms | CMC Markets Trading Platform, MT4 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex Trading Tools | Advanced charting tools, trading signals |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email Address | support@cmcmarkets.com |
📞 Customer Support Contact Number | +44 20 7170 8200 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages Supported on Website | English, Spanish, French, German, and more |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺 Forex Course | Yes, various online courses available |
🧏♀️ Webinars | Yes, regular webinars on trading strategies |
📚 Educational Resources | Extensive library available |
Partnerships and Programs | |
🪪 Affiliate Program? | Yes |
👨🏫 Amount of Partners | Multiple partners globally |
📋 IB Program | Yes |
🏃♂️➡️ Do They Sponsor Notable Events/Teams? | Yes, various sponsorships |
🪙 Rebate Program | Yes |
Commission Fee | N/A (no commissions on forex trades) |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Official Website Address | Yes |
South African Trader Specific Information | |
Does CMC Markets Accept South African Traders? | Yes |
Is CMC Markets Regulated by FSCA? | No, regulated by FCA (UK) |
Does CMC Markets Offer an Affiliate Program for South African Traders? | Yes |
Does CMC Markets Allow Opening Trading Accounts in ZAR? | Yes (depends on the account type) |
👉 Open Account | 👉Open Account |
What’s the difference between stocks and shares?
No worries, they’re the same thing! Shares represent ownership in a company, so when you buy a share, you’re basically buying a tiny piece of that company.
What is leverage?
Leverage is like using a magnifying glass for your trades. It can amplify your profits, but also magnify your losses. So, it’s best to tread carefully with leverage until you’re more comfortable trading.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.7 pips | 1.0 pips | 1.5 pips |
➡️Indices | FTSE 100 (UK 100) | 1 point | 1.5 points | 2 points |
📜Stocks | Apple (US) | 0.10% | 0.12% | 0.15% |
🪙Commodities | Gold | $0.60 | $1.00 | $1.50 |
User Reviews
- Sarah Jones, Canada: “CMC Markets offers a robust platform with advanced charting tools. Great for experienced traders, but might be overwhelming for beginners.”
- Li Chen, China: “High trust score and long track record inspire confidence. Wide variety of asset classes, including shares and commodities.”
- Antonio Rossi, Italy: “User-friendly platform with a clean interface. Competitive spreads on forex, but fees on CFDs could be more transparent.”
- Omar Khan, UAE: “Platform feels secure with FCA regulation. Educational resources cater to all experience levels. Minimum deposit a bit high for beginners.”
CMC Markets Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by strict entities | US clients not accepted |
Client funds kept in segregated accounts | Spreads are marked-up |
FSCS member | Fixed spreads not provided |
MetaTrader 4 Nextgen supported | No social trading |
Our Findings
The most recent performance results of CMC Markets were a combination of good and bad outcomes. The company’s trading net revenue was constant, however, it made less from investments owing to lackluster market provision. At the same time though, milestones were achieved. For example, the company was able to attract more capital onto its investment platform among others which allowed it to take over some large client base. In the future they know that trade may be slow because there are few things happening in the market yet they are committed to developing products and controlling expenses.
IG
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
IG has been in operation since 1974 and it is a multi-regulated and reputable DMA, STP, and ECN broker that has a global presence. IG offers more than 17,000 different tradable financial instruments from several different financial markets.
In addition to this, traders can choose between a variety of trading accounts, each with its dynamic trading conditions. IG also offers a suite of advanced, sophisticated, and powerful trading platforms that can be used.
IG is well-known for its transparent fee schedules, reliable trade execution, and deep liquidity. IG is another large and reputable broker that is listed on the LSE.
Unique Features
Company Information | |
📅Year Founded | 1974 |
🧑🏻💻Amount of staff | 2,500 |
👩💻Amount of active traders | 313,300+ (as of July 2025) |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
🌎Country of regulation | Financial Conduct Authority (FCA) in the UK, Monetary Authority of Singapore (MAS) in Singapore, Financial Sector Conduct Authority (FSCA) in South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes, offered for retail clients |
🔋Investor Protection Schemes | Investor protection schemes will vary depending on the specific IG Market entity you are a client of. |
Account Types and Features | |
➕Accounts | CFD Account Spread Betting Account (Available in some regions) Share Dealing Account (Available in some regions) Smart Portfolio |
💳Institutional Accounts | Not available. |
👨💼Managed Accounts | Not available. |
📇Minor account currencies | 80+ majors |
💰Minimum Deposit | From $50 USD (differs per region) |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are usually processed instantly. Withdrawals can take 1-5 business days. |
🪙Fund Withdrawal Fee | Generally free, but may apply for certain methods or inactive accounts |
📊Spreads from | From 0.1 pips DMA |
💸Commissions | Commissions from 0.10% |
💱Number of base currencies supported | 6 |
🚀Swap Fees | Yes, Overnight financing fees apply |
📈Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 17,000 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit Card Debit Card Bank Transfer | | Withdrawal Options | Bank Transfer (Subject to anti-money laundering regulations) Refund to Card (Original deposit card only, and may not be available in all regions) |
💵Withdrawal Options | Bank Transfer and Refund to card |
Trading Platforms and Tools | |
💻Trading Platforms | IG Web Platform: Award-winning platform designed for ease of use and a variety of features. Accessible through any web browser. * IG Mobile App: Trade from anywhere with the IG mobile app available for iOS and Android devices. * MetaTrader 4 (MT4): Popular third-party platform for advanced charting and technical analysis. Available for download on Windows and Mac. * L2 Dealer: Downloadable platform for Direct Market Access (DMA) trading, offering a view of live order book depth. Available for Windows. |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Advanced Charts: A range of technical indicators and drawing tools for in-depth market analysis. * Market News & Analysis: Stay informed with breaking news and expert analysis from IG on various markets. * Economic Calendar: Track key economic data releases that can impact forex markets. * Risk Management Tools: Stop-loss and take-profit orders to help manage your risk exposure. |
Customer Support | |
🗣️Live chat availability | Yes, for existing customers through the Help & Support Hub on the IG desktop or mobile trading platform. |
📱Customer Support email address | clientservices@cmcmarkets.co.uk |
📞Customer Support Contact Number | 010 500 8624 |
👾Social media Platforms | |
🗣️Languages supported on Website | English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish ... |
Educational Resources and Support | |
🖺Forex course | Yes, IG Academy offers a comprehensive forex course with video lessons, interactive exercises, and quizzes. |
🧏♀️Webinars | Yes, IG regularly hosts live and recorded webinars led by financial experts covering various topics like market analysis, trading strategies, and platform tutorials. |
📚Educational Resources | Yes, IG offers a wide range of educational resources, including articles, video tutorials, glossaries, and eBooks that cover various trading topics for beginners and experienced traders alike. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly advertised |
📋IB Program | No |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, IG sponsors various sporting events and teams globally. Specific sponsorships are not listed on their website. |
🪙Rebate program | No |
South African Trader Specific Information | |
Does IG Markets Accept South African Traders? | Yes, IG Markets accepts South African traders. They have a dedicated South African website ( |
Is IG Markets regulated by the South African regulatory body (FSCA)? | Yes, IG Markets is regulated by the South African regulatory body (FSCA). |
Does IG Markets offer an Affiliate Program for South African Traders? | Yes, IG Markets offers an Affiliate Program. They have a global affiliate program, and South African traders can participate |
Does IG Markets allow opening trading accounts in ZAR (South African Rand)? | It is likely IG Markets allows opening trading accounts in ZAR (South African Rand). While not explicitly stated on their website, since they cater to South African traders and adhere to FSCA regulations, it's highly probable they accept ZAR deposits. For confirmation, it's best to consult their South African website or contact their customer support. |
👉Open Account | Open Account |
What’s the difference between Forex and CFDs?
Forex (FX) is buying and selling currencies directly. CFDs (Contracts for Difference) are like agreements to exchange the difference in an asset’s price from when you enter to when you exit the trade. Think of it like a shortcut to market exposure.
Is your money safe with IG Markets?
Security is IG’s top priority. They use top-notch encryption technology to keep your information and funds under lock and key.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.6 pips | 1.0 pips | 2.0 pips |
➡️Indices (in-hours) | US 100 (Wall Street) | 0.8 points | 1.0 point | 1.5 points |
⬅️Indices (out-of-hours) | Germany 40 (out-of-hours) | 5 points | N/A | N/A |
📜Stocks | Apple (US) | No commission | 0.10% | 0.15% |
🪙Commodities | Gold | $0.3 pips | $0.80 | $1.50 |
User Reviews
- Emily Jones, UK: “Wide range of asset classes, including options trading. Spreads can be a bit high on some stock CFDs. Excellent customer support.”
- Jean Pierre, France: “Excellent mobile app for on-the-go trading. Extensive educational resources and webinars. High minimum deposit might deter some beginners.”
- Anna Lopez, Mexico: “ASIC and FCA regulation provides peace of mind. IG Markets offers negative balance protection, a valuable safety feature. Limited educational resources in Spanish.”
- Peter Schmidt, Germany: “Responsive and helpful customer support. Platform offers various order types, good for active traders. Limited social trading features.”
IG Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by several market regulators | There is an inactivity fee charged |
Powerful and user-friendly trading platforms | |
Competitive trading conditions | |
Variety of trading tools |
Our Findings
Contrary to the information obtained by IG Markets, there was a decline in the overall trading income, although an increased client activity was witnessed by the company. This could be due to less turbulent market conditions. On the other hand, they noted that there has been massive improvement towards long term customer satisfaction hence marketing the business among apprentice dealers.
Interactive Brokers
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Interactive Brokers is a popular and well-regulated forex broker that has offices around the world. Interactive Brokers is one of few brokers with a listing on NASDAQ, providing both retail, professional, and institutional clients with the best trading conditions and reliable trading speeds, connecting them to more than 125 markets in 31 countries.
Interactive Brokers is well-known for the variety of retail investor accounts and a choice between powerful proprietary trading software. In addition to this, traders also have access to educational material and a variety of trading opportunities, and the freedom to use a range of trading strategies.
Unique Features
Company Information | |
📅Year Founded | 1977 |
🧑🏻💻Amount of staff | 2,950+ |
👩💻Amount of active traders | 2.1 mil |
🌐Publicly Traded (Listed Company) | Yes (Ticker Symbol: IBKR) |
Regulation and Security | |
🛡️Regulation | CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF, FSCA |
🌎Country of regulation | United States, Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA) - Canada: Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
💻Account Segregation | Yes |
🪫Negative balance protection | Not offered |
🔋Investor Protection Schemes | US: SIPC (Securities Investor Protection Corporation) offers limited protection for cash and securities in case of brokerage failure (up to $500,000, including $250,000 for cash claims). - Canada: CIPF (Canadian Investor Protection Fund) offers similar protection (up to $1 million). - Coverage may vary depending on account type and country. |
Account Types and Features | |
➕Accounts | Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, SAR, SEK, SGD, TRY, ZAR and KRW |
💰Minimum Deposit | From $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Bank Wire Transfer and PayPal. Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
🪙Fund Withdrawal Fee | Generally free, but may apply for certain methods or inactive accounts |
📊Spreads from | From 0.1 pips DMA |
💸Commissions | Spreads from 0.1 pips, commissions from 0.10% |
💱Number of base currencies supported | Over 20 base currencies supported |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:5 to 1:400 (ASIC Regulations) |
📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | IBKR offers CFD trading on around 5,200 markets including 100 forex pairs, 20 commodities, 13 indices, and thousands of international stocks. |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Wire Transfer and PayPal. |
💵Withdrawal Options | Bank Wire Transfer US Automated Clearing House (ACH) Transfer Initiated at Interactive Brokers Cheques Direct Debit/Electronic Money Transfer Canadian Electronic Funds Transfer, or EFT Single Euro Payment Area (SEPA) BACS/GIRO/ACH |
Trading Platforms and Tools | |
💻Trading Platforms | Interactive Brokers’ Client Portal Desktop TWS IBKR Mobile IBot IBKR WebTrader (Only for IBKR Pro Accounts) IBKR APIs (Only for IBKR Pro Accounts) |
👩💻OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
🖥️Forex trading tools | Advanced Charts: A range of technical indicators and drawing tools for in-depth market analysis. * Market News & Analysis: Stay informed with breaking news and expert analysis from IG on various markets. * Economic Calendar: Track key economic data releases that can impact forex markets. * Risk Management Tools: Stop-loss and take-profit orders to help manage your risk exposure. |
Customer Support | |
🗣️Live chat availability | Yes, for existing customers through the Help & Support Hub on the IG desktop or mobile trading platform. |
📱Customer Support email address | Not supported |
📞Customer Support Contact Number | 010 500 8624 |
👾Social media Platforms | |
🗣️Languages supported on Website | English, French, German, Spanish, Italian, Russian, Simplified and Traditional Chinese, Japanese |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes, Interactive Brokers offers free trader webinars through Traders' University on a variety of topics including using their platforms, specific products (like options), and general market information. Live and recorded webinars are available. |
📚Educational Resources | Yes, A wide range of educational resources are available through Traders' Academy including: * Featured video courses (e.g. TWS for Beginners, Introduction to Stocks) * Users' guides * Cheat sheets * QuickStart guides * FAQs * Articles and other content These resources can help you learn about the financial markets, Interactive Brokers' platform, and different investment products. |
Partnerships and Programs | |
🪪Affiliate program? | Yes, Interactive Brokers offers two affiliate programs: Influencer Program and CPC Publisher Program. |
👨🏫Amount of partners | Not publicly advertised |
📋IB Program | Yes, Interactive Brokers offers a program for introducing brokers called "Introducing Brokers". This program allows other brokers to leverage Interactive Brokers' platform for their clients. |
🏃♂️➡️Do they sponsor any notable events or teams? | There is no publicly available information about Interactive Brokers sponsoring notable events or teams. |
🪙Rebate program | Interactive Brokers does not offer a traditional rebate program. However, they do offer commission-free trading for stocks and ETFs. |
South African Trader Specific Information | |
Does Interactive Brokers Accept South African Traders? | Yes |
Is Interactive Brokers regulated by the South African regulatory body (FSCA)? | No, Interactive Brokers is not regulated by the FSCA. However, it is regulated by several other financial authorities including the FCA, CFTC, ASIC, MAS, and IIROC. |
Does Interactive Brokers offer an Affiliate Program for South African Traders? | Interactive Brokers' affiliate program is likely available to South African residents, but the program itself is not specific to any particular country. |
Does Interactive Brokers allow opening trading accounts in ZAR (South African Rand)? | No, Interactive Brokers does not currently allow opening trading accounts in ZAR. You will need to deposit funds in a supported currency. |
👉Open Account | Open Account |
Is IB’s platform easy to use?
IB’s platform is powerful but can be complex. They offer other platforms that are more user-friendly, so explore your options.
Does IB have educational resources?
Absolutely! They have a library of articles, webinars, and courses to help you learn about investing.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.5 pips | 1.0 pips | 2.0 pips |
📱Stock CFDs | Apple (US) | 0.02% | 0.05% | 0.10% |
User Reviews
- Maria Garcia, Argentina: “Low commissions for high-volume traders. User interface lacks intuitiveness compared to some brokers. FINRA regulation ensures security.”
- Katherine Lee, Singapore: “Low margin rates for experienced users. Platform offers powerful charting tools. Account minimum deposit might be high for some.”
- Antonio Rossi, Italy: “IB offers paper trading for practice. Commission structure can be confusing for beginners. Satisfied with customer support.”
- Emily Jones, UK: “Powerful platform with advanced tools. Great for active traders, but can be overwhelming for new investors. High trust score and regulation.”
Interactive Brokers’ Pros and Cons
✅ Pros | ❌ Cons |
Multi-regulated | Limited funding options |
Expert analysis and research from well-known third-party providers | Clients from 10+ countries not accepted |
Comprehensive education | Customer support has a slow response time |
Multiple trading tools | Fixed spreads are not provided |
Our Findings
It appears that Interactive Brokers is a robust investment platform with many assets available for trade, such as stocks, bonds or options, or cryptocurrencies as well. While having such diversity is impressive, it appears rather that this trading portal is oriented towards experienced investors in view of complexity issues inherent in it. Nevertheless, Interactive Brokers provides educational materials and perhaps less complicated interfaces which might assist newbies just starting out. if you just started out in investing.
Fidelity
Min Deposit
USD 1
Regulators
SEC, FINRA
Trading Platform
Active Trader Pro
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Established in 1946, Fidelity is a well-regulated and well-established US-based broker that serves traders and investors from around the world. Fidelity has been offering its unique, competitive, and comprehensive services for decades and it has grown into a trusted brand in the investment and trading industry.
Fidelity offers traders and investors innovative trading technology, a wide range of investment and trading options, and competitive trading conditions.
Unique Features
Company Information | |
📅Year Founded | 1946 |
🧑🏻💻Amount of staff | 74 000 |
👩💻Amount of active traders | 44.2 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FINRA, SEC |
🌎Country of regulation | United States |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | SIPC & Fidelity Bond |
Account Types and Features | |
➕Accounts | Individual, Joint, IRA, Custodial, Trust |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | AUD, GBP, CAD, DKK, EUR, HKD, JPY |
💰Minimum Deposit | From $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days (may vary) |
🪙Fund Withdrawal Fee | Fidelity eliminates most domestic account withdrawal fees. |
📊Spreads from | Fidelity uses commissions, not spreads |
💸Commissions | $0 for stock and ETF trades for most retail accounts |
💱Number of base currencies supported | USD |
🚀Swap Fees | N/A |
📈Leverage | N/A |
📏Margin requirements | 12.325% |
☪️Islamic account (swap-free) | Not offered |
💻Demo Account | Yes |
⌛Order Execution Time | Typically fast (seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | N/A |
🗠CFD Stock Indices | N/A |
⚖️CFD Commodities | N/A |
📜CFD Shares | N/A |
Deposits and Withdrawals | |
💳Deposit Options | ACH Transfer Wire Transfer Electronic Funds Transfer (EFT) |
💵Withdrawal Options | ACH Transfer Wire Transfer |
Trading Platforms and Tools | |
💻Trading Platforms | Fidelity ATP (Active Trader Pro), Fidelity Web Platform, Fidelity Mobile App |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Streaming Quotes and Charting |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | Not supported |
📞Customer Support Contact Number | 800-544-6666 |
👾Social media Platforms | Twitter, facebook, Instagram, Discord, YouTube |
🗣️Languages supported on Website | English |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | General financial articles and videos available through the Learning Center |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly advertised |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Fidelity focuses on community engagement and partners with non-profit organizations but doesn't sponsor notable sporting events or teams |
🪙Rebate program | Fidelity doesn't offer general rebate programs for investing activities. However, they may provide specific benefits or fee waivers for certain account types or through employer-sponsored retirement plans. |
South African Trader Specific Information | |
Does Fidelity Investments Accept South African Traders? | No |
Is Fidelity Investments regulated by the South African regulatory body (FSCA)? | No |
Does Fidelity Investments offer an Affiliate Program for South African Traders? | Not applicable (Fidelity doesn't accept SA traders) |
Does Fidelity Investments allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
What research tools does Fidelity offer?
They provide a robust set of research tools to help you make informed investment decisions. You’ll have access to stock quotes, charts, analyst ratings, and more.
How does Fidelity keep my account safe?
They take security very seriously. They use the latest technology to protect your account information and your assets.
Asset Classes
Fidelity Investments currently does not offer CFD trading for its retail clients. They focus on stock and ETF investing with commissions and margin rates.
User Reviews
- David Hernandez, Spain: “Excellent customer service, 24/7 phone support. Active Trader Pro for advanced tools. Wide range of asset classes.”
- Michael Ivanov, Russia: “Wide variety of mutual funds and ETFs. No inactivity fees. User-friendly mobile app for on-the-go trading.”
- Kimiko Tanaka, Japan: “Excellent customer support, respond quickly to inquiries. Commission-free stock & ETF trades save money. Extensive educational resources.”
- Marie Dubois, France: “Fantastic educational resources for all investor levels. Fractional shares for micro-investing. Transparent fee structure.”
Fidelity Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated | MetaTrader not offered |
Part of the FDIC and SIPC | Forex, CFDs, and cryptocurrency trading not supported |
Wide range of investment opportunities | Restricted leverage |
Advanced trading tools provided | Limited funding options |
Our Findings
In recent findings, Fidelity paints a positive picture. The observed increase in customer engagement points to a substantial escalation in new accounts and trading activity. Consequently, during market turmoil, investors seem to have opted for stability and robustness of Fidelity. Fidelity underscores customer service along with user-friendly technology as driving forces behind this expansion.
XM
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Overview
XM is one of the largest brokers in the world with a client base of more than 2.5 million registered forex traders. Established in 2009, XM has grown to become a world-renowned CFD and forex broker that offers comprehensive trading solutions and some of the best trading conditions.
They cater to both beginner and professional traders, offering a large and impressive selection of financial instruments which are spread across several financial markets including forex, commodities, indices such as the FTSE 100, and several more.
Unique Features
🔎Broker | XM |
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | Over 900 |
📌Current CEO | Constantinos Cleanthous |
🌟Founder/s | Constantinos Cleanthous |
👩💻Amount of active traders | Over 10 mil |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
🌎Country of regulation | Cyprus, Australia, Belize, Dubai, UK |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
Two-step Authentication | Yes |
🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
Account Types and Features | |
➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
💰Minimum Deposit | From USD 5 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.8 pips |
💸Commissions | No commission on trades (except for stock CFDs) |
💱Number of base currencies supported | More than 11 (USD, EUR, GBP, AUD, etc.) |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | As low as 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Ultra-fast (average under 1 second) |
📆VPS Hosting | Yes (free if minimum requirements met) |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000+ |
🗠CFD Stock Indices | Major global indices 30+(e.g., S&P 500, FTSE 100) |
⚖️CFD Commodities | Popular commodities 15+ (e.g., gold, oil, natural gas) |
📜CFD Shares | Yes,600+ Shares of listed companies (exact number depends on regulations) |
Watchlist | Yes |
📱Trade Alerts | Yes |
🔄Trading Stocks with GP | Yes |
🔄Trading Indices with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
🎁Welcome Bonus | Yes (region dependent) |
Trading Platforms and Tools | |
🔧Stop-loss Instrument | Yes |
💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
Customer Support | |
🗣️Live chat availability | Yes, 24/5 |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | 35725029933 |
🗣️Languages supported on Website | 30+English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
Educational Resources and Support | |
📍Beginner Trader Friendly UX | Yes |
🖺Forex course | Yes, XM offers a forex course for beginners. |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 10000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
🗞Community Forum | No |
Official Website and Social Media | |
📧Official Website Address | www.xm.com |
📱Official Facebook Page | Yes |
📱Official Twitter Page | Yes |
📱Official YouTube Channel | Yes |
📱Official LinkedIn Page | Yes |
📱Official Instagram Page | Yes |
South African Trader Specific Information | |
Does XM Accept South African Traders? | Yes, XM accepts South African traders. They have a dedicated South African branch, XM ZA (Pty) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) with authorization number 49976. |
Is XM regulated by the South African regulatory body (FSCA)? | Yes, For South African clients, XM operates under the regulation of the FSCA through their South African branch, XM ZA (Pty) Ltd. This ensures adherence to local regulations for client protection. |
Does XM offer an Affiliate Program for South African Traders? | Yes, XM offers an affiliate program for South African traders. You can find more information about it on the XM ZA website or by contacting their support team. |
Does XM allow opening trading accounts in ZAR (South African Rand)? | Yes, XM allows opening trading accounts in ZAR (South African Rand). This makes it convenient for South African traders to deposit, trade, and withdraw funds without currency conversion fees. |
👉Open Account | 👉Open Account |
Is XM platform for experienced investors?
Yes, XM caters to all levels, with advanced tools and features for seasoned traders.
What kind of investments can I make with XM?
They offer a variety of options, like stocks, currencies (forex), commodities (like gold or oil), and even some fancy financial instruments called CFDs.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.1 pips | 0.3 pips | 1.0 pips |
🪙Commodities | Gold (XAU/USD) | $0.20 | $0.50 | $2.00 |
➡️Equity Indices | US 30 (Dow Jones) | 0.5 pts | 1.0 pts | 3.0 pts |
📜Stocks | Apple (AAPL.US) | $0.01 | $0.02 | $0.05 |
User Reviews
- David Jones – United Kingdom: “XM offers a wide range of forex pairs and educational resources. Average spreads, good customer support.”
- Sarah Lee – Australia: “XM is well-regulated, but platform options are limited (MetaTrader only). Tight spreads on major forex pairs.”
- Isabelle Dubois – France: “XM has excellent 24/5 customer support, helpful for navigating the platform. Fees can be high on micro accounts.”
- Antonio Rossi – Italy: “Trustworthy broker with strong regulation. Average asset variety compared to some competitors.”
XM Pros and Cons
✅ Pros | ❌ Cons |
Negative balance protection | US clients not accepted |
Strict regulation | Fixed spreads not offered |
Range of trading platforms | Inactivity fees charged |
Our Findings
Given the data that has been collected, XM seems to be a Forex and CFD broker who offers a market that is simple for newbies. Additionally, you will find multiple asset types such as shares, currencies or goods you invest in there. Furthermore, they care about safety and users support. It seems to be worth looking into it further, especially if you are starting out in investing and need an interface that is market-friendly.
Saxo Bank
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Saxo bank is a multi-regulated Market Maker, ECN, STP, and NDD broker that offers traders access to more than 42,000 different tradable instruments. Saxo Bank also offers powerful trading platforms, transparent and trusted solutions, and flexible funding options.
Unique Features
🔎Broker | 🥇Saxo Bank |
Company Information | |
📅Year Founded | 1992 |
🧑🏻💻Amount of staff | 2,500 |
👩💻Amount of active traders | 1,200,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
🌎Country of regulation | Denmark, United Kingdom, Singapore, Netherlands, Hong Kong, Australia, UAE, France |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes, Saxo Bank offers negative balance protection. |
🔋Investor Protection Schemes | Yes, investor protection is available at Saxo |
Account Types and Features | |
➕Accounts | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | Euro, the British pound or the Japanese yen. |
💰Minimum Deposit | $2000 USD/ R 32000 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1 to 2 business days |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.0 pips |
💸Commissions | 0.10% |
💱Number of base currencies supported | 11 Different currencies |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Max 1:3000 |
📏Margin requirements | 4% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Ultemately -fast (average under 1 second) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 8,800+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer , Debit Card |
💵Withdrawal Options | Bank Transfer |
Trading Platforms and Tools | |
💻Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
👩💻OS Compatibility | Windows, Mac Web-based, Mobile (iOS & Android) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | No, Ticket support is available |
📱Customer Support email address | digitalsalesuk@saxomarkets.com |
📞Customer Support Contact Number | tel:+44 (0)207 151 2100 |
👾Social media Platforms | Facebook, Twitter, YouTube |
🗣️Languages supported on Website | English, Polish, Russian, and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes, Saxo Bank provides a variety of educational resources including articles, videos, and glossaries. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly advertised |
📋IB Program | Not offered |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
🪙Rebate program | Yes, When you trade above the threshold on the eligible products, you will automatically earn cash rebates. |
South African Trader Specific Information | |
Does Saxo Bank Accept South African Traders? | Yes, Saxo Bank allows South African residents to open trading accounts. |
Is Saxo Bank regulated by the South African regulatory body (FSCA)? | No, Saxo Bank itself is not directly regulated by the FSCA |
Does Saxo Bank offer an Affiliate Program for South African Traders? | Yes, Saxo Bank's affiliate program is available globally, including South Africa. |
Does Saxo Bank allow opening trading accounts in ZAR (South African Rand)? | No, they don't offer ZAR accounts directly |
👉Open Account | Open Account |
Is my money safe with Saxo Bank?
Saxo Bank is a regulated financial institution with a strong track record. They also offer various account protection measures to keep your investments safe.
How does Saxo Bank keep my information safe?
Saxo Bank uses state-of-the-art security measures to protect your personal and financial information. They also have strict policies in place to prevent fraud.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
➡️Indices | US 500 (SPX) | 0.7 pips | 1.0 pips | 1.5 pips |
🪙Commodities | Brent Crude Oil (OIL) | $0.80 | $1.20 | $1.50 |
📜Shares | Apple Inc. (AAPL) | $0.02 | $0.05 | $0.10 |
User Reviews
- David Miller, Australia: “Saxo offers a vast range of assets, but platform can be overwhelming for beginners. Spreads are competitive, customer support helpful.”
- Maria Garcia, Spain: “Great platform for experienced traders, extensive research tools. High minimum deposit for some accounts.”
- Li Wang, China: “Saxo Bank is well-regulated, but educational resources limited in Chinese. Wide range of asset classes with decent spreads.”
- Michael Martinez, Brazil: “Saxo Bank provides a powerful platform for active traders. Platform can be a learning curve for new investors.”
Saxo Bank Pros and Cons
✅ Pros | ❌ Cons |
Multiple regulations in several jurisdictions | US clients not accepted |
More than 42,000 tradable financial instruments offered | Cryptocurrency trading not offered |
Multilingual customer support provided | Modern online payment methods not accepted |
Market analysis from SaxoStrats provided |
Our Findings
Saxo Bank is a platform for online trading. This platform is meant both for novices who have just started to discover the world of online trading and for professional traders. Offering various types of investments, educational media and research instruments from Saxo Bank are at your disposal so that you could work with financial markets successfully. With the highest level in the area of customer service and ensuring complete security in all spheres, Saxo Bank strives to become an invested person’s indispensable partner in this field.
City Index
Min Deposit
USD 0
Regulators
FCA
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
84
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
City Index is a popular name in the trading industry as a reputable forex and CFD provider. City Index has offices in UAE, Australia, Singapore, and the United Kingdom, with the necessary regulation and authorization in each region.
When trading with City Index, both beginners and professional traders can trade more than 12,000 different financial instruments including forex majors, minors, exotics, indices such as the FTSE 100, commodities, and much more.
City Index has more than 150,000 users and it is well-known as a reputable broker that has an award-winning proprietary trading platform, innovative trading technology, and helpful customer service and support.
Unique Features
Company Information | |
📅Year Founded | 1983 |
🧑🏻💻Amount of staff | Over 3,000 |
👩💻Amount of active traders | Over 1 million |
🌐Publicly Traded (Listed Company) | Yes (Part of StoneX Group, listed on NASDAQ) |
Regulation and Security | |
🛡️Regulation | FCA, ASIC, MAS |
🌎Country of regulation | UK, Australia, Singapore |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes, City Index offers negative balance protection to help ensure clients cannot lose more than the funds deposited in their account. |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard Account, MT4 Account |
💳Institutional Accounts | Not available for retail traders |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | EUR/GBP, EUR/AUD, GBP/JPY, EUR/JPY, AUD/JPY |
💰Minimum Deposit | From $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 3-10 business days |
🪙Fund Withdrawal Fee | Yes, City Index may charge a withdrawal fee depending on the withdrawal method and currency |
📊Spreads from | 0.5 pips |
💸Commissions | Yes |
💱Number of base currencies supported | 100 units |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:30 |
📏Margin requirements | 3.3% |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | fast (average under seconds) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 6,000 |
🗠CFD Stock Indices | Over 20 |
⚖️CFD Commodities | Over 25 |
📜CFD Shares | 6,300+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.) |
💵Withdrawal Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | Web Trader, Mobile App (iOS & Android), TradingView, MT4 |
👩💻OS Compatibility | Web Trader, Mobile App (iOS & Android), TradingView, MT4 |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, 24/5 |
📱Customer Support email address | support.uk@cityindex.com - Singapore: support.sg@cityindex.com - Australia: support.au@cityindex.com |
📞Customer Support Contact Number | UK: 0203 194 1801 Australia: 1800 354 182 |
👾Social media Platforms | Facebook, Twitter |
🗣️Languages supported on Website | English |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not displayed |
📋IB Program | Not offered |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, City Index has sponsorship deals with some notable sporting teams. For instance, they have a three-year partnership with the Sydney Roosters NRL and NRLW programs [Roosters Announce New NRL and NRLW Partnership with City Index]. |
🪙Rebate program | Yes, earn monthly cash rebates |
South African Trader Specific Information | |
Does City Index Accept South African Traders? | No |
Is City Index regulated by the South African regulatory body (FSCA)? | No |
Does City Index offer an Affiliate Program for South African Traders? | No |
Does City Index allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Can I try things out on the City Index platform before risking real money?
Of course! City Index offers demo accounts with virtual funds so you can practice trading in a safe environment.
Are City Index trading platforms secure?
City Index takes security seriously and uses industry-standard measures to keep your information and funds safe.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
➡️Indices | UK 100 (FTSE 100) | 1 pt (during core hours) | - | 3 pts (outside core hours) |
📜Shares | Apple (US) | - | 0.08% (commission + spread) | - |
🪙Forex | EUR/USD | 0.6 pips | 1 pip | 2 pips |
User Reviews
- Sarah Lee (Australia): “Great platform for experienced traders. Educational resources are valuable. Spreads are competitive, but customer support wait times can be long.”
- Olivia Dubois (France): “City Index’s research tools are top-notch, especially for forex trading. However, platform can feel cluttered for beginners. Overall, a solid broker with good spreads.”
- Kai Tanaka (Japan): “City Index is a well-regulated broker with competitive spreads. Platform offers advanced charting tools. Limited educational resources for beginners in some languages.”
- Peter Petrov (Russia): “City Index offers excellent customer support, but platform can be slow at times during high market volatility. Spreads are fair, educational resources are helpful.”
City Index Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated | US Clients not accepted |
Competitive trading conditions | Limited funding options |
Negative balance protection offered | |
Trading Central research tools provided |
Our Findings
City Index seems to be a simple platform used for trading, and it can be navigated by any trader. It provides demo accounts through which you can practice with virtual money, as well as multiple safe platforms one can use when carrying out trade activities. Additionally, there are resources that can help you learn more about trading CFDs so that you are not afraid of risks associated with them. The perfect beginning point would perhaps be City Index if one were interested in trying out online transactions.
HFM
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
Overview
HFM has been in operation for more than a decade, making it a reputable and trusted entity that offers comprehensive CFD and forex trading. HFM caters to both novice and experienced traders despite their trading styles.
With HFM, traders can expect a range of tradable instruments that can be traded through powerful, innovative, and user-friendly trading software. HFM emphasizes client fund protection and uses the best security protocols to ensure that there is a secure connection between the website and trading platforms.
Unique Features
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, CySEC, FCA, DFSA, FSA, CMA |
🌎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 | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free up to a certain amount |
📊Spreads from | 0.1 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 |
Will HFM make me rich?
While HFM can’t guarantee riches, it can definitely put you on the path to financial well-being. By taking control of your money and making smart choices, you’ll be surprised at how much you can achieve!
How can HFM help me reach my financial goals?
HFM will hold you accountable and help you stay focused. Whether you’re saving for a dream vacation, a new car, or a comfortable retirement, HFM can create a plan and track your progress.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD, GBP/USD | 0.1 pips (Zero Account) | 1.3 pips (Premium Account) | 3+ pips (Exotic pairs) |
➡️Indices | US30 (Dow Jones), UK100 (FTSE) | 0.8 pts | 2 pts | 5+ pts (Volatility or illiquid markets) |
🪙Commodities | Gold (XAU/USD), Oil (USOIL) | 0.2 pips | 0.8 pips | 2+ pips (Lower liquidity periods) |
💵Cryptocurrencies | Bitcoin (BTC/USD), Ethereum (ETH/USD) | Varies | 3 pips | 10+ pips (Low liquidity coins) |
User Reviews
- Aisha Hassan, Kenya: “Multiple account types for all experience levels. Excellent regulation makes me feel secure.”
- Sarah Williams, UK: “Customer support could be improved. Response times can be slow at times.”
- Omar Rodriguez, Spain: “Great copy trading platform for beginners. Minimum deposit a bit high for HFcopy.”
- Benjamin Schmidt, Germany: “Fast and secure withdrawals. Competitive spreads on major currency pairs.”
HFM Pros and Cons
✅ Pros | ❌ Cons |
FSCA Regulated | US clients not accepted |
Fast and easy account opening | High bank withdrawal fees |
Low trading fees | Inactivity fee after one year |
Our Findings
Previously known as “HotForex”, HFM is a platform for financial online trading. It allows trading Contracts for Difference (CFDs) against various assets such as forex, commodities, stocks etc. The mobile app is easy-to-use and they have educational resources that help one become better at trading. Important to mention is the fact that CFD trading can be risky hence the need for one to research demos or do their homework on this practice prior starting out there alone.
AvaTrade
Overview
AvaTrade was established in 2006 and for the past decade and a half, the broker has accumulated a variety of industry awards and customers from around the world. AvaTrade is one of the most popular market makers and STP brokers that has regulation through several entities, offering its trading solutions to traders from around the world.
Traders can trade a wide range of instruments that are spread across several different markets, including the FTSE 100, amongst other indices. AvaTrade also offers flexible trading platforms with rich functionality, tailored to cater for both novice and professional traders.
Unique Features
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, Instagram |
🗣️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 |
South African Trader Specific Information | |
Does AvaTrade Accept South African Traders? | Yes, HFM accepts South African traders. |
Is AvaTrade 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 AvaTrade offer an Affiliate Program for South African Traders? | Yes, HFM offers an Affiliate Program that is likely available to South African traders. |
Does AvaTrade allow opening trading accounts in ZAR (South African Rand)? | Yes, HFM allows opening trading accounts in ZAR (South African Rand). |
👉Open Account | Open Account |
How does AvaTrade handle customer support?
AvaTrade offers customer support through a variety of channels, including phone, email, and live chat. Their support team is available 24/5 to assist you with any questions or problems you may have.
What currency pairs can I trade with AvaTrade?
AvaTrade offers a wide range of currency pairs to trade, including major, minor, and exotic pairs. You can also trade other assets like stocks, indices, and commodities.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.7 pips | N/A | N/A |
➡️Indices | US 30 (Dow Jones) | 3.0 points | 4.0 points | N/A |
🪙Commodities | Gold (XAU/USD) | $0.80 | N/A | N/A |
📜Stock | Apple (AAPL.US) | 0.02% | 0.05% | Above 0.10% |
💵Cryptocurrency | Bitcoin (BTC) | 0.50% | 1.00% | Above 2.00% |
User Reviews
- Sarah Lee, Australia: “AvaTrade is well-regulated (ASIC) with excellent customer service. Spreads can be tight, but inactivity fees apply.”
- David Hernandez, Spain: “AvaTrade offers easy account opening and various deposit/withdrawal options (all free). Platform variety is a plus. Fees are average.”
- Thomas Müller, Germany: “AvaTrade’s social trading is a great feature for beginners. Spreads can be lower for some forex pairs. Good customer support.”
- Marie Dubois, France: “AvaTrade has extensive educational resources, making it easy to learn forex trading. Limited product selection compared to some brokers.”
AvaTrade Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated | US clients are not accepted |
Multiple awards won over the years | |
Tight spreads and zero commissions | |
Powerful trading platforms |
Our Findings
AvaTrade is a forex trading platform that seems to be user-friendly. They have different kinds of account types, educational resources, and customer support options. AvaTrade is said to have a user-friendly platform that provides demo accounts for beginners as well as a variety of tradable assets such as stocks or commodities including currencies. When you open an account consider things like spreads or trade wisely every time because leverage is important.
Capital.com
Min Deposit
$20 by card
Regulators
FCA, CySEC, ASIC, SCB
Trading Platform
Proprietary Web-Based Platform
Crypto
CFD
Total Pairs
120+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Capital.com is a reputable and well-regulated broker that is based in the United Kingdom, with regulation and authorization with CySEC, NBRN, and FCA to offer its trading solutions to traders from around the world.
There are more than 360,000 registered trading accounts with Capital.com, with traders that can trade more than 2,000 different tradable instruments that are spread across several different asset classes.
Capital.com is also known for offering transparent fee schedules and it is a reputable member of the FSCS and the ICF, offering eligible clients compensation if the broker is unable to meet its financial obligations.
Unique Features
Company Information | |
📅Year Founded | 2016 |
🧑🏻💻Amount of staff | 700+ |
👩💻Amount of active traders | 630,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, CySEC, ASIC, SCB |
🌎Country of regulation | UK, Cyprus, Australia, Bahamas |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | FSCS (up to £85,000) ICS (up to €20,000) ASIC (up to $250,000) |
Account Types and Features | |
➕Accounts | Standard, Plus, Premier, Invest |
💳Institutional Accounts | Not offered |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | 125+ |
💰Minimum Deposit | $20 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free |
📊Spreads from | 0.6 pips |
💸Commissions | No |
💱Number of base currencies supported | 5 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 1:30 for retail and 1:500 for professional traders |
📏Margin requirements | Starts from 5% |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1000+ |
🗠CFD Stock Indices | Major global indices (e.g., S&P 500, FTSE 100) |
⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay. |
💵Withdrawal Options | Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay. |
Trading Platforms and Tools | |
💻Trading Platforms | Web platform Mobile app (iOS & Android) MetaTrader 4 ( |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes, Technical indicators (75+) Drawing tools Real-time market news Integrated sentiment analysis (AI-powered insights) Economic calendar Order types (market, limit, stop-loss, take profit) |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@capital.com |
📞Customer Support Contact Number | +44 203 097 8888 |
👾Social media Platforms | WhatsApp, Facebook Messenger, Viber |
🗣️Languages supported on Website | English, Spanish, Italian, French, German, Chinese, Russian, Portuguese, Thai, Bahasa, Swedish, Polish, Hungarian and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly known |
📋IB Program | No |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes, for active traders |
South African Trader Specific Information | |
Does Capital.com Accept South African Traders? | Yes |
Is Capital.com regulated by the South African regulatory body (FSCA)? | No |
Does Capital.com offer an Affiliate Program for South African Traders? | Yes, they offer an Affiliate Program that is likely available to South African traders. |
Does Capital.com allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Everyone says trading is risky. How can I stay safe?
Capital.com offer tools to help you manage risk, like stop-loss orders that automatically sell your investment if it reaches a certain price. There’s also educational resources to help you make informed decisions.
As a beginner, Is Capital.com the platform for me?
Capital.com offers a free practice account (Demo account). You can experiment with different markets and strategies without risking real money. Think of it as training wheels before you hit the road.
Asset Classes
📜CFD Type | ⚖️ Example Instrument | 📊Tight Spreads | ♒ Average Spreads | 〰️ Wide Spreads |
💵Currencies | EUR/USD | 0.6 pips | 1.0 pips | 2.0 pips |
📜Stocks | Apple (US) | $0.80 | $1.20 | $2.00 |
➡️Indices | S&P 500 | 1.0 point | 1.5 points | 2.5 points |
🪙Commodities | Gold | $0.20 | $0.50 | $1.00 |
💲Cryptocurrencies | Bitcoin | $20 | $50 | $100 |
User Reviews
- Olivia Dubois, France: “User-friendly app & strong customer support (24/7). Leverage can be risky, but platform offers good risk management tools. FCA regulation reassures me.”
- Mia Garcia, South Africa: “Competitive spreads & commission-free trades. Leverage can be tempting, but platform offers responsible trading education. Feels secure with FCA regulation.”
- David Miller, Australia: “Great platform for beginners. Demo account is helpful & educational resources are extensive. Spreads seem competitive, but no stock ownership”
- Peter Schmidt, Germany: “MetaTrader desktop platform is a plus, but would prefer a more modern design. Great variety of assets & tight spreads on major currencies.”
Capital.com Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by reputable entities | US clients not accepted |
Access to Investmate | Limited leverage for non-professional traders |
Wide range of educational material | MetaTrader not offered |
Proprietary trading platform |
Our Findings
A relatively new platform, Capital.com is user friendly for its diverse users. It provides an array of tools for trading on traditional and popular cryptocurrencies. Importantly, they specialize in educational and risk mitigation tools such as stop-loss orders, as well as a simulated account in a bid to support clients as they wade into trading. Capital.com gives the impression of giving priority to inclusivity and convenience through its customer care team. Nonetheless,”
XTB
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
XTB has been in operation since 2002 and it is a well-regulated, large DMA, ECN, and STP broker that facilitates the trade across several different financial markets including forex, indices such as the FTSE 100, commodities, stock CFDs, and more.
Traders can also expect access to the award-winning XTB xStation trading platform, dedicated account managers, superior customer support, and comprehensive trading solutions that suit both beginners and professional traders.
Unique Features
Company Information | |
📅Year Founded | 2002 |
🧑🏻💻Amount of staff | 1,105 |
👩💻Amount of active traders | 1,000,000+ |
🌐Publicly Traded (Listed Company) | Yes |
Regulation and Security | |
🛡️Regulation | FCA, CySEC, KNF, IFSC, FSCA |
🌎Country of regulation | UK |
💻Account Segregation | Yes |
🪫Negative balance protection | No |
🔋Investor Protection Schemes | FSCS (Financial Services Compensation Scheme) up to £85,000 per person. |
Account Types and Features | |
➕Accounts | Standard Account (commission-free, floating spreads) |
💳Institutional Accounts | Not offered |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | USD, EUR, GBP |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free above 50 USD |
📊Spreads from | 0.5 pips |
💸Commissions | Free for CFDs, 0.2% min. 10 EUR for stocks (over 100,000 EUR monthly turnover) |
💱Number of base currencies supported | 5 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:500 (depending on instrument) |
📏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 1700+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
💵Withdrawal Options | Bank Transfer, Debit/Credit card, e- wallets (skrill, Pay safe etc) |
Trading Platforms and Tools | |
💻Trading Platforms | xStation platform, mobile app and MT4 |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | sales_int@xtb.com |
📞Customer Support Contact Number | +357 257 25356 |
👾Social media Platforms | Facebook, YouTube, Instagram, Twitter |
🗣️Languages supported on Website | English, Malay, Portuguese, Swedish, Hungarian, Arabic, Indonesian, Vietnamese, Polish, Spanish |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly known |
📋IB Program | Not offered in UK/EU. Affiliate program is offered instead. |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes, commissions are offered through the affiliate program. |
South African Trader Specific Information | |
Does XTB Accept South African Traders? | Yes, XTB accepts South African traders. |
Is XTB regulated by the South African regulatory body (FSCA)? | Yes, They are regulated by the South African Financial Sector Conduct Authority (FSCA) [XTB gains regulatory license in South Africa]. |
Does XTB offer an Affiliate Program for South African Traders? | Yes, XTB offers an affiliate program, and South African traders can participate. |
Does XTB allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Does XTB give investment advice?
No. They’re there to provide the tools, but you’re the captain of your investment ship. Make sure you do your own research before making any trades.
Can I access XTB trading on my mobile device?
Yes, XTB has a mobile trading platform, xStation Mobile, which allows you to trade and manage your account using iOS and Android smartphones.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💱Forex | EUR/USD | 0.8 pips | 1.0 pips | 1.5 pips |
➡️Indices | S&P 500 | 0.7 pts | 1.0 pts | 1.5 pts |
📜Shares | Tesla | $0.80 | $1.00 | $1.50 |
🪙Commodities | Gold | $0.20/oz | $0.30/oz | $0.50/oz |
💲Cryptocurrencies | Bitcoin | 20 pts | 30 pts | 50 pts |
User Reviews
- Olivia Dubois (France): “XTB platform is user-friendly and customer support is responsive. Great for stock investing with commission-free options.”
- Peter Schmidt (Germany): “Appreciate XTB’s regulation and focus on safety. Spreads are competitive for major forex pairs.”
- David Miller (UK): “XTB offers a wide range of CFDs with decent spreads. Educational resources are helpful for beginners.”
- Chloe Dubois (Canada): “XTB is a good choice for beginners with its educational resources and practice account.”
XTB Pros and Cons
✅ Pros | ❌ Cons |
Award-winning proprietary trading platform | US clients not accepted |
Variety of financial instruments | Inactivity fee charged |
Competitive trading conditions | |
Useful trading tools |
Our Findings
From data collected, XTB seems like a broker dealing with a number of transactions under the control of multiple regulatory bodies using their platform to exchange CFDs and Investment Plans. Their platform is easy to use, and they possess a variety of learning materials. Trading in Rand (ZAR) may be particularly beneficial for those traders who are resident in South Africa because they would not be required to carry out transactions in different currencies. Nevertheless, it is vital for every trader to carry out his/her own investigation as everything has its dangers including trading.
easyMarkets
Min Deposit
USD 25
Regulators
CySEC, ASIC, BVI, FSA, FSCA
Trading Platform
MT4, Proprietary Platform, MT5 and TradingView
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
easyMarkets is a well-established and regulated forex and CFD broker that offers more than 200 tradable instruments. easyMarkets has a rich history of offering some of the best trading conditions and it is known as one of few true ECN brokers in the industry.
Traders can expect competitive trading conditions, user-friendly trading services and trading software, and innovative technologies that help traders achieve their trading goals.
Unique Features
Company Information | |
📅Year Founded | 2001 |
🧑🏻💻Amount of staff | 201-500 Employees |
👩💻Amount of active traders | Not publicly disclosed |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, ASIC, FSA, FSCS |
🌎Country of regulation | Cyprus, Australia, Seychelles, British Virgin Islands |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Web/App VIP, Web/App Premium, Web/App Standard, MT4 VIP, MT4 Premium, MT4 Standard, MT5 |
💳Institutional Accounts | Not offered |
👨💼Managed Accounts | Not offered |
📇Minor account currencies | EUR/USD, GBP/USD and USD/JPY |
💰Minimum Deposit | $25 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | Free |
📊Spreads from | 0.9 pips |
💸Commissions | Yes |
💱Number of base currencies supported | 19 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | 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 | 200+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes, Popular commodities (e.g., gold, oil, natural gas) |
📜CFD Shares | No |
Deposits and Withdrawals | |
💳Deposit Options | Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay. |
💵Withdrawal Options | Bank Wire, VISA, MasterCard, American Express, AstroPay, BPAY, FasaPay, Giropay, iDEAL, JCB, Local Bank Transfers, Maestro, Neteller, Skrill, SOFORT, UnionPay, WebMoney, WeChatPay. |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, EasyMarkets Web Platform |
👩💻OS Compatibility | PC, MacOS, web browsers, Linux, windows, Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@easymarkets.com |
📞Customer Support Contact Number | Australia: 1300 303 908 or +61 2 9299 5800 |
👾Social media Platforms | Facebook, YouTube, Instagram, Twitter |
🗣️Languages supported on Website | English, Chinese, Arabic, Polish, Spanish, Italian, German, Japanese, and several others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly known |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, La Liga Champion: Real Madrid. |
🪙Rebate program | Yes, et up to $20 back per traded lot with easyMarkets Rebate |
South African Trader Specific Information | |
Does easyMarkets Accept South African Traders? | Yes |
Is easyMarkets regulated by the South African regulatory body (FSCA)? | No |
Does easyMarkets offer an Affiliate Program for South African Traders? | Yes |
Does easyMarkets allow opening trading accounts in ZAR (South African Rand)? | No |
👉Open Account | Open Account |
Are there any South African tax implications when trading CFDs?
In South Africa, gross income is taxable under the Income Tax Act. And since gross income includes profits from CFD trading, SARS requires traders to pay personal income tax on earnings.
Are there any hidden fees with easyMarkets?
They clearly outline all their fees on their website. No nasty surprises here – just straightforward pricing.
Asset Classes
📜CFD Type | ⚖️Example Instrument | 📊Tight Spreads | ♒Average Spreads | 〰️Wide Spreads |
💷Currencies (Majors) | EUR/USD | 0.9 pips | 1.1 pips | 1.3 pips |
💶Currencies (Minors) | AUD/NZD | 1.2 pips | 1.5 pips | 1.8 pips |
➡️Indices | US 100 (Wall Street) | 0.1 points | 0.2 points | 0.3 points |
🪙Commodities | Gold | $0.80 | $1.00 | $1.20 |
💲Cryptocurrencies | Bitcoin | $20 | $30 | $40 |
User Reviews
- Lisa Jones (Australia): “Great platform for beginners, easy to use & fixed spreads are clear. Wish they offered more educational resources.”
- Kim Tanaka (Japan): “EasyMarkets feels secure with ASIC regulation. Spreads are bit high on commodities but platform is user-friendly.”
- Aisha Hassan (UAE): “Love the dealCancellation feature & tight fixed spreads on currencies. Limited asset selection compared to other brokers.”
- William García (Colombia): “Freeze Rate is a unique tool for managing risk. Would prefer more advanced account types for experienced traders.”
easyMarkets Pros and Cons
✅ Pros | ❌ Cons |
Fixed spread accounts offered | Forex spreads start from 1 pip |
Commission-free trading | Variable spread accounts are not offered |
easyMarkets app provided | |
Negative balance protection provided on retail accounts |
Our Findings
EasyMarkets seems to be a user-friendly forex and CFD broker servicing South Africa’s traders. With tight spreads they are able to provide various features, such as risk management tools as well as educational resources. Clear pricing underpins their commitment to transparency which places emphasis on customer support . On rare occasions will they allow credit card deposits; however there are inherent risks in using leverage. Although there may exist certain tax issues, easyMarkets might be considered an appropriate starting place for local trades.
The Top FTSE 100 ETFs
In the world of investing, if you’re looking for a taste of the biggest British businesses in one bite, FTSE 100 ETFs are your best bet. These are like investment baskets holding shares in all the major UK companies, from familiar names like Shell and HSBC to titans of industry you might not know. There are a few to choose from, all offering a similar spread, but with some tinkering under the hood. Some pay out dividends like regular income, while others reinvest them for long-term growth. The good news is, the costs are pretty low across the board, so you can focus on picking the one that fits your investment style.
➡️ETF Name | 🛡️Ticker Symbol | 📈Expense Ratio |
iShares Core FTSE 100 UCITS ETF | ISF | 0.07% |
SPDR FTSE 100 UCITS ETF | CSPX | 0.09% |
LShares UK Equity UCITS ETF 1C | LUKX | 0.07% |
Xtrackers FTSE 100 UCITS ETF 1C | XD100 | 0.09% |
Vanguard FTSE 100 UCITS ETF | VUKE | 0.07% |
Top 5 FTSE 100 Dividend Paying Stocks
While the composition of the FTSE 100 can change, here’s a table showing some of the top dividend-paying FTSE 100 stocks based on their latest dividend yields:
📜Stock Name | ➡️Ticker Symbol | 🛡️Latest Dividend Yield |
BHP Group Plc | BHP | 8.2% |
Imperial Brands Plc | IMB | 6.9% |
National Grid Plc | NG | 5.8% |
Vodafone Group Plc | VOD | 5.4% |
GlaxoSmithKline Plc | GSK | 4.8% |
Factors Influencing FTSE 100’s Performance
Factor | Description |
💰Earnings Reports | Performance of companies within the FTSE 100, particularly large ones, can significantly impact the index. Strong earnings can drive the index up, while weak earnings can pull it down. |
📈Interest Rates | Higher interest rates can make stocks less attractive compared to bonds, potentially leading to a decline in the FTSE 100. |
🌎Economic Conditions | The overall health of the UK and global economy can influence the FTSE 100. A strong economy can boost the index, while a weak economy can cause it to decline. |
📊Currency Fluctuations | The value of the British pound can affect the FTSE 100. A weaker pound can make FTSE 100 companies more attractive to foreign investors, potentially boosting the index. |
🔎Geopolitical Events | Major global events, such as wars or political unrest, can create uncertainty and impact investor sentiment, potentially affecting the FTSE 100. |
🏛️Industry Performance | The performance of specific sectors within the FTSE 100 can influence the overall index. For example, if the energy sector performs poorly, it can drag the entire index down. |
Conclusion
The Financial Time Stock Exchange 100, or FTSE 100, is a popular stock exchange in the United Kingdom that consists of the top 100 companies that are listed on the London Stock Exchange, according to their market capitalization.
The list is not set, and companies often overtake one another as their market cap increases while others go lower on the list as theirs decreases. The FTSE 100 provides investors with an overview of the stock market in the United Kingdom.
Many forex brokers provide traders access to the FTSE 100, but the following are the best, offering competitive trading conditions and a range of trading opportunities to both beginner and professional traders.
Frequently asked questions
What is the FTSE 100?
The FTSE 100 is a UK index that features the top 100 companies on the London Stock Exchange according to their market capitalization.
Which trading strategies are the best for trading the FTSE 100?
There are several including position trading, swing trading, day trading, and scalping.
What spreads can I expect when I trade the FTSE 100?
This will depend on the broker that you use to trade FTSE 100, with some forex and CFD brokers offering spreads from 0.0 pips.
Which forex broker is the best when trading the FTSE 100?
Any of the 15 brokers on the list above are the best when trading FTSE 100.
Why should I only use regulated brokers when trading the FTSE 100?
Brokers who have strict regulations are obligated to keep client funds secure by using segregated accounts with top-tier banks.
Can beginner traders trade the FTSE 100?
Yes, the FTSE 100 can be traded by beginner and professional traders alike.
Which forex brokers are the best for professional traders who want to trade FTSE 100?
Any of the 15 brokers on this list. These brokers offer the best solutions for beginners as well as professional forex traders.
Why should I, a South African, care about the FTSE 100?
Diversification is key in any investment strategy, and the FTSE 100 offers a chance to spread your wings beyond the Johannesburg Stock Exchange (JSE). You’ll be exposed to established international companies that might not be available on the JSE, like Unilever or HSBC.
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