Hello Everyone! When we try to search for brokers online, we can see a plethora of options available there and to choose the best one for ourselves becomes a little bit fussy. To simplify this search, I have started this thread to have comprehensive insight regarding the best brokers that might help beginners. NOTE I am always open to opinions from you guys so that we can help one each other out. Also, the spreads are based on EURUSD and GBPUSD, according to their websites + myfxbook spreads. The information that I have listed is taken from their respective websites. In some cases, I wasn’t able to retrieve such, so please feel free to correct me. I’ll add more brokers on the go. You can also suggest, talk about brokers here. As seems fit, I will add them to the list. Without any further ado, here is an updated list of the regulated forex brokers that we can use. **AAAFX** Website: https://aaafx-international.com/ Type: ECN Regulators: HCMC (Greece), SVG Instruments: Forex, Cryptocurrencies, Commodities, Stocks, Indices Trading Platforms: Account Type: 3 - ECN, ECNplus, ECNzulu Trading Platforms: MT4, MT5 and ActTrader Crypto Trading: Yes Spreads: Starting from 0.1 pips Commission: $0.99 for ECN, $0 for ECNplus, $10 for ECNzulu Leverage: Upto 500x Minimum Deposit: $10 Bonus: 100% Deposit Bonus BTC Deposit and Withdrawal: Yes Accept US Clients: NO **AVATRADE** Website: https://www.avatrade.com/ Type: Market Maker Regulators: CySEC, MiFID, ASIC, BVIFSC, FSA, FFAJ, FSCA, FRSA, ADGM, ISA Instruments: Forex, Stocks, Commodities, Indices, ETFs, Bonds, Cryptocurrencies Account Type: 5 - Standard account, Retail account, Professional account, Options account, Spread Betting account Trading Platforms: Web Trader, MT4, MT5, Automated Trading Crypto Trading: Yes Spreads: From 0.8 pips onwards Commission: No Commission Leverage: Up to 400x; Cryptos - Up to 2x for EU & 25x for Non-EU Minimum Deposit: 100 USD Bonus: 20% Deposit Bonus BTC Deposit and Withdrawal: No Accept US Clients: NO **BDSWISS** Website: https://global.bdswiss.com/ Type: ECN Regulators: FSA, FSC, CySEC, BaFin Instruments: Forex, Indices, Shares, Commodities, Cryptocurrency Account Type: 4 - Cent Account, Classic Account, VIP Account, RAW Account Trading Platforms: MT4, MT5 and BDSwiss platform Crypto Trading: Yes Spreads: Cent (From 1.5 pips), Classic (From 1.5 pips), VIP (From 1.1 pips), RAW (From 0.0 pip) Commission: $0 for Cent, Classic, VIP and $5 RT for RAW Leverage: Upto 500x; Cryptos - Up to 5x Minimum Deposit: 100 USD Bonus: 30% Deposit Bonus BTC Deposit and Withdrawal: Yes; $100 Accept US Clients: No **eTORO** Website: https://www.etoro.com/ Type: Market maker Regulators: CySEC, ASIC, FCA, Seychelles Instruments: Forex, Stocks, Commodities, Indices, ETFs, Cryptocurrencies Account Type: Market Maker Trading Platforms: eTORO platform Crypto Trading: Yes Spreads: From 1 pip onwards Commission: No Commission for Stock Trading Leverage: Up to 30x; Crypto - Upto 2x Minimum Deposit: 50 USD Bonus: $50 Welcome Bonus BTC Deposit and Withdrawal: No Accept US Clients: YES **FBS** Website: https://fbs.com/ Type: NDD Regulators: CySEC, ASIC, IFSC, FSCA Instruments: Forex, Metals, Indices, Energies, Stocks, Forex Exotic, Cryptocurrency Account Type: - 6 - Standard account, Cent account, Micro account, Zero Spread account, ECN account, Crypto account Trading Platforms: FBS trader, MT4 and MT5 Crypto Trading: Yes Spreads: Floating (0.2 pips), Fixed (3 pips) Commission: $6 Leverage: Up to 3000x Minimum Deposit: $5; Crypto - Upto 5x Bonus: 100% Deposit Bonus, Level-up bonus, Cashback, Loyalty Program BTC Deposit and Withdrawal: No Accept US Clients: NO **FOREXdotcom** Website: https://www.forex.com/en/ Type: Market Maker Regulators: CIMA Instruments: Forex, Indices, Stocks, Commodities, Gold and Metals, Cryptocurrencies, Oil Account Type: 3 - Standard Account, Commission Account, DMA Account Trading Platforms: MT4, MT5. FOREX.com platform Crypto Trading: Yes Spreads: Starting from 0.1 pips Commission: 10 USD per standard lot round turn Leverage: Upto 400x; Cryptos - 4x Minimum Deposit: 100 USD Bonus: 20% Welcome Bonus BTC Deposit and Withdrawal: No Accept US Clients: Yes **FXCM** Website: https://www.fxcm.com/ Type: ECN Regulators: FCA Instruments: Forex, Shares, Indices, Commodities, Cryptocurrencies Account Type: 1 - Active Trader account Trading Platforms: MT4, Trading Station, Ninja Trade, TradingView, Capitalise-ai Crypto Trading: Yes Spreads: From 1.6 pips Commission: Included in spreads Leverage: Up to 400x; Cryptos - Upto 4x Minimum Deposit: 300 USD for EU (50 USD for Non-EU) BONUS: $25 Switch Bonus BTC Deposit and Withdrawal: Yes; $50 Accept US Clients: NO **FXPRO** Website: https://www.fxpro.com/ Type: NDD Broker Regulators: CySEC, FCA, FSCA, SCB Instruments: Forex, Futures, Indices, Shares, Metals, Energies, Cryptocurrencies Account Type: 3 - Standard account, VIP account, Swap Free account Trading Platforms: MT4, MT5, cTrader, FxPro Trading Platform Crypto Trading: Yes Spreads: From 0.3 pips Commission: 9 USD per standard lot round turn Leverage: Up to 200x; Crypto - Upto 20x Minimum Deposit: 100 USD to 1000 USD BONUS: None BTC Deposit and Withdrawal: No Accept US Clients: NO **FXVIEW** Website: https://fxview.com/global/ Type: STP/ECN Execution Regulators: CySEC, FCA, SVG, BaFin, ACPR, CONSOB, CNVM, Finanstilsynet, DFSA, FSA, MFSA, FSC Instruments: Forex, Indices, Commodities, Stocks, Cryptocurrencies Account Type: 2 - Raw ECN Account, Islamic Account Trading Platforms: MT4, MT5, ActTrader Crypto Trading: Yes Spreads: Starting from 0.0 pips Commission: 2 USD per standard lot round turn Leverage: Up to 500x; Cryptos - Up to 10x Minimum Deposit: 50 USD BONUS: 100% Deposit Bonus, Loyalty Program BTC Deposit and Withdrawal: Yes; $5 Accept US Clients: NO **HOTFOREX** Website: https://www.hotforex.com/ Type: STP-NDD Regulators: FCA, SV, FSA, FSCA, DFSA Instruments: Forex, Metals, Energies, Indices, Shares Account Type: 6 - Micro Account, Premium Account, Zero Spread Account, Auto Account, PAMM(Premium) Account, HFCOPY Account Trading Platforms: MT4, MT5, HFM App Crypto Trading: No Spreads: From 0.1 pips onwards Commission: 6 USD per standard lot round turn Leverage: Up to 500x; Crypto - N/A Minimum Deposit: 100 USD BONUS: 50% Welcome Bonus, 100% Super Charged Bonus, 100% Credit Bonus, Loyalty Programs BTC Deposit and Withdrawal: Yes; $5 Accept US Clients: NO **HYCM** Website: https://www.hycm.com/ Type: Market Maker Regulators: CySEC, FCA, CIMA, DIFC, SV Instruments: Forex, Stocks, Indices, Commodities, Cryptocurrencies Account Type: 3 - Fixed Account, Classic Account, Raw Account Trading Platforms: MT4, MT5 Crypto Trading: Yes Spreads: From 0.4 pips Commission: 4 USD per standard lot round turn Leverage: Up to 500x; Crypto - Upt 5x Minimum Deposit: 100 USD BONUS: 10% Deposit Bonus BTC Deposit and Withdrawal: Yes; $30 Accept US Clients: NO **IC MARKETS** Website: https://www.icmarkets.com/en/ Type: ECN Regulators: CySEC, FSA, ASIC, SCB Instruments: Forex, Commodities, Indices, Bonds, Digital Currencies, Stocks, Futures Account Type: 3 - Standard Account, Raw Spread Account (MetaTrader), Raw Spread Account (cTrader) Trading Platforms: MT4, MT5, cTrader Crypto Trading: Yes Spreads: From 0.0 pips Commission: 6 USD per standard lot round turn Leverage: Up to 500x; Crypto - Upto 5x Minimum Deposit: 200 USD BONUS: None BTC Deposit and Withdrawal: No Accept US Clients: NO **IG** Website: https://www.ig.com/ Type: NDD broker Regulators: FCA Instruments: Forex, Shares, Indices, Commodities,Cryptocurrency, Weekend Trading, Volatility Trading, Knock-Outs Trading, Market Data Account Type: 1 - CFDs Trading Account Trading platforms: MT4, ProRealTime Crypto Trading: Yes Spreads: From 0.8 pips Commission: Included in spreads Leverage: Up to 50x; Crypto - 10x Minimum Deposit: For card payment (300 USD), Bank transfer (0) BONUS: None BTC Deposit and Withdrawal: No Accept US Clients: YES **PEPPERSTONE** Website: https://pepperstone.com/ Type: ECN Regulators: FCA, ASIC, DFSA Instruments: Forex, Indices, Commodities, ETFs, Shares, Cryptocurrencies Account Type: 2 - Razor ECN Account, Standard Account Trading platforms: Mt4, Mt5. cTrader, Social Trading, capitalise.ai, Maintenance schedule Crypto Trading: Yes Spreads: From 0.8 pips Commission: 7 USD per standard lot round turn Leverage: Up to 200x; Cryptos - Upto 10x Minimum Deposit: 200 AUD BONUS: None BTC Deposit and Withdrawal: No Accept US Clients: NO **ROBOFOREX** Website: https://roboforex.com/ Type: Regulators: FSC Instruments: Forex, Stocks, Indices, Commodities, ETFs, Energies, Metals, Cryptocurrencies Account Type: 5 - Prime, ECN, R StocksTrader, Pro, ProCent Trading Platforms: R MobileTrader, R WebTrader, R StocksTrader, MT4, MT5, cTrader Crypto Trading: Yes Spreads: Floating from 0 pips Commission: Leverage: Up to 2000x Minimum Deposit: 10 USD BONUS: Welcome Bonus, Classic Bonus, Profit Sharing Bonus BTC Deposit and Withdrawal: No Accept US Clients: NO **TICKMILL** Website: https://www.tickmill.com/ Type: ECN Regulators: FCA, CySEC, FSCA Instruments: Forex, Stocks, Oils, Metals, Bonds, Cryptocurrencies Account Type: 3 - Pro Account, Classic Account, VIP Account Trading platforms: MT 5, MT4, Tickmill Mobile App Crypto Trading: Yes Spreads: starting from 1.6 pip Commission: Classic Account (Include in spreads), Pro Account - (4 USD per standard lot round turn), VIP (2 USD per standard lot round turn) Leverage: Up to 500x; Cryptos - 10x Minimum Deposit: 100 USD BONUS: $30 Welcome Bonus, 10% Deposit Bonus BTC Deposit and Withdrawal: No Accept US Clients: NO **VANTAGE MARKETS** Website: https://www.vantagemarkets.com/ Type: STP/ECN Regulators: CySEC, ASIC, FSG, CIMA, SIBL, VFSC Instruments: Forex, Commodities, Indices, Shares Account Type: 3 - Standard STP Account, Raw ECN Account, Pro ECN Account Trading platforms: Vantage App, MT 4, MT 5, ProTrader Crypto Trading: No Spreads: Starting from 0.0 pips Commission: Raw ECN Account - (6 USD per standard lot round turn), Pro ECN Account (4 USD per standard lot round turn) Leverage: 500x Minimum Deposit: $200 Bonus: 50% Deposit Bonus BTC Deposit and Withdrawal: No Accept US Clients: No **XM** Website: https://www.xm.com/ Type: STP Regulators: IFSC, CySEC Instruments: Forex, Stock CFDs, Commodities, Indices, Metals, Energies, Shares Account Type: 4 - Micro Account, Standard Account, XM Ultra Low Account, Shares Account Trading platforms: MT4, MT5, XM App Crypto Trading: Yes Spreads: From 0.6 pips onwards Commission: (0) Leverage: Up to 888x; Cryptos - Up to 250x Minimum Deposit: 5 USD BONUS: 20% Deposit Bonus, XM Loyalty Program BTC Deposit and Withdrawal: No Accept US Clients: NO **XTB** Website: https://www.xtb.com/ Type: STP Regulators: FCA, KNF, CySEC and IFSC Instruments: Forex, Stock CFDs, Commodities, Indices, ETF CFDs, Cryptocurrency Account Type: 2 - Standard Account, Swap Free Account. Trading Platforms: xStation5 platform Crypto Trading: Yes Spreads: Standard (From 0.9 pips), Pro (From 0.1 pips) Commission: Included in spreads Leverage: Up to 500x; Cryptos - Up to 5x Minimum Deposit: 0 BONUS: 50% Welcome Bonus, No Cash Bonus BTC Deposit and Withdrawal: No Accept US Clients: NO
Good piece of information. Thanks for sharing. Much needed for the daily pop up threads - looking for best broker
Everyone is welcome to add the suggestion, so please feel free to share more details. Will try if I can edit and keep on adding new worthy brokers to the list. @David's faith IBKR, solid one! Thanks for pointing out, will research and add.
I’d say yes since not many of us are comfortable with risking our funds to brokers that are not being regulated. I mean, there are some restrictions with regulated one, but they hardly matter to me as long as the trading conditions (specially spreads, commissions and order execution) are good.