Competition between online brokers is fierce and this has helped to push down costs whilst services get better. But picking the right brokerage account comes down to your individual priorities. Some investors are willing to pay higher trade commissions for a state-of-the-art platform; others count costs above all else. Some factors to consider in selecting a broker are trading commissions, account minimum, account fees, your trading style and technology needs, ease of fund withdrawals and where the broker is regulated. The United Kingdom, Australia and Singapore have some of the best regulatory environments so we focus on brokers from these countries.
VantageFX is a fully regulated Australian brokerage which offers a wide range of Forex trading options. The company is owned and operated by Vantage Global Prime PTY Limited AFSL, with company registration number 428901.
VantageFX is one of the leading providers of bitcoin trading in Australia and offers competitive spreads. Hedging is allowed and at zero margin. All trading in VantageFX is carried out through Metatrader 4 or 5 trading platforms. Trading can commence as soon as the trading account is funded. Deposit options include Visa, Mastercard, Skrill and PayPal.
Demo accounts are also available to clients as a practice environment.
ATFX is headquartered in the United Kingdom and FCA regulated (FRN 760555). ATFX aims to deliver the best possible trading experience and offers trading for a range of assets, including forex, CFDs, and commodities. There are several types of accounts available, including for Professional Clients. ATFX offers competitive spreads and has no commissions.
Trading is done via MetaTrader 4 with support for both mobile and desktop devices. The range of deposit and withdrawal options offers something for most traders.
Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation. XM is regulated by FCA (FRN 705428)
XM Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple. XM has 2.5 million clients in 196 countries around the world. So far, it has executed more than 1.4 billion trades with an impressive zero rejections or requotes.
XM has extensive experience and offers support in more than 30 languages. This helps the broker appeal to those all over the world and of any skill levels. XM also has 16 full-feature trading platforms for clients to choose from.
Henyep Capital Markets (UK) Limited is licensed and regulated by the FCA (FRN 186171). HYCM is part of the FCA’s FSCS scheme which protects traders for up to £50,000.
HYCM offers traders the MT4 and MT5 trading platforms, as well as HYCM mobile which is available for both iOS and Android devices. Traders can also utilize the new PrimeTrader platform, which offers multiple assets and advanced charting. Besides Forex trading, HYCM has a variety of CFDs available to trade across multiple asset classes. They have over 100 assets available in Forex, Crypto, Oil, Metals, Commodities, Market Indexes and Shares.
Plus500UK Ltd is based in the United Kingdom and regulated by FCA (FRN 509909). Plus500UK Ltd itself is a subsidiary of Plus500 Ltd, which is listed on the Main Market for Listed Companies of the London Stock Exchange. Plus500 supports trading of forex and CFDs, including indices, cryptocurrencies, commodities, shares, options, and ETFs.
Combined, there are more than 2,000 trading instruments available via Plus500. There is a complete list of the trading instruments on its website via the Trading Instruments button on the main navigation bar.
The platform is well-designed and fairly straightforward to use and includes 24/7 customer support. It is available in a long list of countries and in 30 languages, helping Plus500 appeal to a range of traders.
AvaTrade is incorporated in Ireland, and is regulated by the Central Bank of Ireland (No.C53877). AvaTrade has regulatory licenses in 6 jurisdictions around the world, among the highest in the industry. It is also an official sponsor of Manchester City football club. The company prides itself on its advanced trading tools and a wide range of tradable assets. These include forex, stocks, commodities, indices, ETFs, and bonds.
The trading solutions provided by AvaTrade are geared towards traders of all experience levels. These include the iconic MT4 and MT5 platforms, Vanilla Options trading platform AVaOptions, automated trading solutions including ZuluTrade and DupliTrade and a mobile trading app AvaTradeGo.
Client funds are held in segregated accounts at top-tier global banks, seperate from AvaTrade company accounts.
Capital Com (UK) Limited is registered in England and Wales with company registration number 10506220. Authorised and regulated by FCA, under register number 793714. Client funds are safely kept in segregated bank accounts and protected by industry-leading security protocols. Capital.com offers 0% commission & no hidden fees, market-leading spreads and fast order execution. They offer an educational app, online courses & trading guides. With access to over 2,000 markets, you can trade CFDs with leverage across the world’s most popular indices, commodities, cryptocurrencies, shares and currency pairs. You can trade on both the web and your smartphone with a simple and intuitive platform tailored to help you trade smarter.
Capital.com offers a selection of three accounts (Standard, Plus and Premier) that cater to the needs of Retail, Professional and Institutional investors.
ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911. Established in 2011, the FXTM Group is a global leader in online trading, bringing the opportunities of financial markets to global audiences. Trusted by more than 2 million individuals worldwide. FXTM offers full segregation of funds for retail clients. The broker provides trading accounts to suit every kind of trader with low trading costs and superfast trade execution. Free education courses and guides are provided by FXTM to help traders get started or build trading skills.
Founded in 2013 and operated by IQ Option Ltd, IQ Option has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world. IQ Option is regulated in the EU by CySec - License 247/14, the company is fully compliant with the legislation put forward by the commission and fully authorised to sell their products to clients in a number of jurisdictions.
IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Options, Stocks, Forex and of course Cryptocurrencies.
Core Liquidity Markets is a trading name of CLMarkets Ltd. with registered address at Suite 305, Griffith Corporate Centre Beachmont, Kingston, St. Vincent and the Grenadines IBC No. 24750-IBC-2018.
Core Liquidity Markets is a provider of over-the-counter (OTC) financial services, offering traders around the world access to a wide range of speculative and hedging products from one single interface. Since 2013, the firm has been servicing retail investors, professional traders and asset managers from over 100 countries. The broker offers two account types. Standard account is the preferred choice for traders looking for low spreads and no commissions, while our ECN account provides traders access to ultra-low, direct raw pricing with no markup and a 3 USD commission cost per trade. This ECN style pricing is test tradable with high-speed execution and a fill rate of 99%.
EasyMarkets is an online forex/CFD broker that began operations in 2001 as Easy-forex. The company rebranded to ‘easyMarkets’ in 2016. The headquarters is located in Majuro, Marshall Islands while other offices are located around the world. Easy Forex Trading Ltd is regulated in the EU by CySEC – License Number 079/07.
easyMarkets offers over 200 trading instruments comprising of currencies, metals, indices, energy, agricultural commodities and vanilla options. The available trading platforms are the MT4 and the easyMarkets web platform. Deposit and withdrawal options include credit card, Neteller, Skrill, Webmoney, wire transfer.
eToro is fully licensed and registered by the FCA with reference number 583263. This regulated broker offers a comprehensive set of markets for traders, including cryptocurrency, exchange traded funds, stocks, indices, commodities, and fiat currencies.
eToro offers CopyTrader and Social Trading options to follow and copy the trades of experienced traders.
eToro is unique in the sense that it offers traders a Copyportfolio. This is similar to an mutual fund, except that it contains cryptocurrencies. The Copyportfolio is a weighted fund which tracks the performance of cryptocurrency overall.
eToro accepts a wide range of payments options, including: Visa, MasterCard, PayPal, Skrill, Neteller, Yandex and others.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.