List of best regulated brokers

Discussion in 'Forex Brokers' started by noframe, Nov 8, 2021.

  1. noframe

    noframe

    Hi Everyone!
    I've started this thread on many other forums as well, this is just to spread a word on picking the right regulated forex broker.
    As always, the main motive of this thread has been the same for me - to provide better insight for traders, whether beginners or experienced, into the world of regulated forex brokers.

    Without any further ado, here is an updated list of the regulated forex brokers that we can use.


    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
    Spreads: From 0.8 pips onwards
    Commission: No Commission
    Leverage: Up to 400x
    Minimum Deposit: 100 USD
    Bonus: 20% Deposit Bonus
    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
    Spreads: From 1 pip onwards
    Commission: No Commission for Stock Trading
    Leverage: Up to 30x
    Minimum Deposit: 50 USD
    Bonus: $50 Welcome Bonus
    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
    Spreads: Floating (0.2 pips), Fixed (3 pips)
    Commission: $6
    Leverage: Up to 3000x
    Minimum Deposit: $5
    Bonus: 100% Deposit Bonus, Level-up bonus, Cashback, Loyalty Program
    Accept US Clients: NO

    FXCM
    Website: https://www.fxcm.com/
    Type: ECN
    Regulators: FCA
    Instruments: Forex, Shares, Indices, Commodities, Cryptocurrencies
    Account Type: 1 - Active Trader account
    Spreads: From 1.6 pips
    Commission: Included in spreads
    Leverage: Up to 400x
    Minimum Deposit: 300 USD for EU (50 USD for Non-EU)
    BONUS: $25 Switch Bonus
    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
    Spreads: From 0.3 pips
    Commission: 9 USD per standard lot round turn
    Leverage: Up to 200x
    Minimum Deposit: 100 USD to 1000 USD
    BONUS: None
    Accept US Clients: NO

    FXVIEW
    Website: https://www.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
    Account Type: 2 - Raw ECN Account, Islamic Account
    Spreads: From 0.1 pips onwards
    Commission: 2 USD per standard lot round turn
    Leverage: Up to 500x
    Minimum Deposit: 5 USD
    BONUS: 100% Deposit Bonus, Loyalty Program
    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
    Spreads: From 0.1 pips onwards
    Commission: 6 USD per standard lot round turn
    Leverage: Up to 500x
    Minimum Deposit: 100 USD
    BONUS: 50% Welcome Bonus, 100% Super Charged Bonus, 100% Credit Bonus, Loyalty Programs
    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
    Spreads: From 0.4 pips
    Commission: 4 USD per standard lot round turn
    Leverage: Up to 500x
    Minimum Deposit: 100 USD
    BONUS: 10% Deposit Bonus
    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)
    Spreads: From 0.0 pips
    Commission: 6 USD per standard lot round turn
    Leverage: Up to 500x
    Minimum Deposit: 200 USD
    BONUS: None
    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
    Spreads: From 0.8 pips
    Commission: Included in spreads
    Leverage: Up to 50x
    Minimum Deposit: For card payment (300 USD), Bank transfer (0)
    BONUS: None
    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
    Spreads: From 0.8 pips
    Commission: 7 USD per standard lot round turn
    Leverage: Up to 200x
    Minimum Deposit: 200 AUD
    BONUS: None
    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
    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
    Minimum Deposit: 100 USD
    BONUS: $30 Welcome Bonus, 10% Deposit Bonus
    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
    Spreads: From 0.6 pips onwards
    Commission: (0)
    Leverage: Up to 888x
    Minimum Deposit: 5 USD
    BONUS: 20% Deposit Bonus, XM Loyalty Program
    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
    Spreads: Standard (From 0.9 pips), Pro (From 0.1 pips)
    Commission: Included in spreads
    Leverage: Up to 500x
    Minimum Deposit: 0
    BONUS: 50% Welcome Bonus, No Cash Bonus
    Accept US Clients: NO
     
    maxinger likes this.
  2. maxinger

    maxinger

    good summary.

    alternatively trade major currency futures from the regulated exchanges.
     
    Dr_Trade and p0box4 like this.
  3. Dr_Trade

    Dr_Trade

    Good piece of information. Thanks for sharing. Much needed for the daily pop up threads - looking for best broker :D
     
  4. Of those I use ICM and IG mainly and they're decent.
     
  5. IBKR not even mentioned? Wow.
     
    murray t turtle likes this.
  6. Does it matter that they’re regulated these days
     
  7. noframe

    noframe

    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.
     
  8. Good timing! Been meaning to check out some other brokers. Good job compiling this.
     
  9. Codrin

    Codrin

    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.
     
  10. Among these which one would be best for scalping?
     
    #10     Nov 16, 2021