A-Book Versus B-Book Brokers for 2025

We found 11 online brokers that are appropriate for Trading A Book Versus B Book Brokers Platforms.

A-Book Versus B-Book Brokers Guide

Analysis by Andrew Blumer, Updated Last updated – July 22, 2025

A Book vs B Book Brokers

I learned early on that brokers operate under two main execution models: the A Book model and the B Book model. For example, I used IC Markets (an A Book/STP broker) to route my orders straight to interbank liquidity during the Feds May 2025 rate hike volatility, while I tested Pepperstones B Book environment on small EUR/USD trades during the Swiss National Banks surprise April 2025 announcement. Understanding these models. A Book brokers passing your trades outwards versus B Book brokers taking the opposite side themselveshas been crucial for matching my risk tolerance and trading objectives.

Feature A Book Brokers B Book Brokers
Execution Model Routes orders directly to external liquidity providers (banks, hedge funds, interbank). Internalizes client orders and acts as counterparty to all trades.
Counterparty Risk Minimalyour counterparty is the interbank market, not the broker. Highbroker itself is counterparty; risk of trade rejection or manipulation.
Pricing & Spreads Variable spreads with genuine market pricing; may widen during volatility (e.g., IC Markets, FP Markets). Fixed spreads even in low liquidity; stable cost structure during news (e.g., XM, AvaTrade).
Slippage Possible positive or negative slippage due to real market fills (as experienced on FP Markets during Fed volatility). No slippage guaranteed, but fills occur at brokers internal price.
Conflict of Interest No direct conflictbroker profits via commissions or markups on spread. Potential conflictbroker profits when client loses; requires strong regulation and transparency (e.g., monitored by ASIC for Pepperstone).
Transparency Highclear commission schedule, visible liquidity sources (e.g., IC Markets publishes its LP list). Variablemay not disclose internal pricing logic; must trust brokers fair dealing policies.
Revenue Model Earns via per trade commissions or small spread markups. Earns from client losses and spread differentials; may include volume or inactivity fees.
Best For Experienced or high volume traders seeking true market execution (e.g., XTBs STP offering). Retail or beginner traders preferring predictable costs and fixed spreads (e.g., RoboForexs market making).
Recent Event Example IC Markets routed USD/CNH orders through interbank during May 2025 Fed minutes, showing genuine slippage both ways. XM maintained 1.0 pip EUR/USD fixed spread during the April 2025 flash crash, ensuring no spread widening.

What Is an A Book Broker?

From my own trading journey, I’ve come to understand that A-book brokers often called straight-through processing (STP) or non-dealing desk brokers earn their fees by adjusting the spreads rather than taking the opposite side of my trades. In my experience, when I trade with an A-book broker, my terminal connects directly to a liquidity provider, so my orders flow straight through without the broker intervening as a counterparty.

Whenever I worked with an A-book broker, they either tapped into their own pool of liquidity or routed my orders to another large pool, depending on their setup. I noticed two main ways they made money: sometimes I’d see the spread widen slightly, and other times I paid a small commission based on my order volume. Both felt transparent to me, since the costs applied equally whether my trades won or lost.

One thing I appreciated was that I never felt any conflict of interest. The broker’s earnings came strictly from those spreads and commissions so they didn’t profit or lose based on my individual performance. Because they weren’t gambling against my positions, I felt confident that their business wasn’t built on my losses. Admittedly, their profit margins are slimmer, but I valued the peace of mind.

The main drawback I encountered was variable spreads. During peak liquidity times, I enjoyed tight spreads, but when liquidity dried up especially on exotic currency pairs the spreads widened noticeably. It taught me to plan my entries carefully and be mindful of market conditions when trading less common instruments.

Ive found that A Book brokersalso called Straight Through Processing (STP) or Non Dealing Desk (NDD) brokersoffer the cleanest execution. My experience with FP Markets during the Q1 2025 USD/JPY volatility showed real time interbank pricing and zero conflicts of interest: the broker added only a tiny commission per lot rather than trading against me. The trade off can be variable spreads during the May Fed minutes release, spreads on exotic pairs like USD/TRY jumpedbut you know youre getting genuine market rates.

What Is a B Book Broker?

My experience with B-book brokers also known as market makers felt very different. These brokers don’t link me directly to external liquidity pools. Instead, they act as the counterparty to my trades: when I place a sell order, they buy from me; and when I buy, they sell to me. This setup inherently creates a potential conflict of interest, since they profit when I lose and vice versa.

One upside I found was that B-book brokers often guarantee fixed spreads, so I never had to worry about slippage or spread widening, even when overall market liquidity was low. I could open and close positions at any hour during major sessions or off-peak periods without unexpected costs, which was reassuring for my short-term strategies.

However, I did run into issues during high-volatility events or market shocks. Execution could become challenging, and I started to question whether the broker was leaning against my positions when things got crazy. Over time, I also learned of industry concerns that some B-book brokers might profile client behavior and subtly disadvantage consistently profitable traders. Those stories made me more cautious when choosing a market maker.

B Book brokers (or market makers) like XM internalize orders. I opened a small GBP/JPY position with XM during the UK election rally in June 2025 and enjoyed fixed spreads with no slippage even when liquidity thinned. However, because the broker was my counterparty, I remained aware of the inherent conflict: the broker profits when I lose, so I always verify their regulatory transparency before trading larger volumes.

Comparing A Book vs B Book Brokers

From personal experience, the core difference lies in execution and alignment of interests. With IC Markets (A Book), trades go straight to external liquidity commissions are transparent, and I never worry about stop hunting. Meanwhile, trading small micro lots on AvaTrade (B Book) gave me predictable costs and guaranteed fills when EUR/USD spiked 100 pips on the SNB decision in April 2025. Seasoned traders often prefer A Book for transparency, while beginners might value the stability of fixed spreads in a B Book setup.

Can a broker be both A Book and B Book?

can a broker be both a book vs b book

Yes. Many brokersincluding RoboForexuse a hybrid model, routing high volume or consistently profitable trades to liquidity providers (A Book) while internalizing smaller or speculative trades (B Book). This lets them balance risk and maintain service quality.

Is one model safer than the other?

Neither is inherently safer. My rule is to choose a regulated brokerlike XTB (FCA/ASIC) or FP Markets (ASIC)with clear disclosures. A transparent B Book broker can be as reliable as an unregulated A Book broker.

How can I tell which model my broker uses?

Look at their trading conditions. Fixed spreads, no slippage, and guaranteed fills (as I experienced on XM during the May 2025 NFP release) usually signal B Book. Variable spreads and explicit commission schedules (as with IC Markets) point to A Book. You can also ask support or check reviews.

Does slippage occur with A Book brokers?

Yes because A Book execution reflects real time market liquidity. During the Feds May rate hike, I saw 12 pip slippage on some USD/CNH trades with FP Markets, but it confirmed genuine market access.

Why do B Book brokers offer fixed spreads?

B Book brokers control internal pricing, so they can lock in spreads regardless of external liquidity. This predictable cost structurelike the 1.0 pip EUR/USD spread I enjoyed on AvaTrade during the April 2025 flash crashcan be comforting, though you should verify that execution speed remains fair.

A Book vs B Book Brokers Verdict

a book vs b book brokers verdict

After trading with both A Book and B Book brokers during key events in 2025, Ive concluded that neither model is universally superiorit all comes down to your strategy and trust in regulation. My experience routing USD/CNH orders through IC Markets during the Feds May rate hike showed me the transparency and genuine market access of an A Book broker, even when slippage occurred. Conversely, trading micro lots on AvaTrade with fixed spreads during the April SNB flash crash gave me predictable costs and peace of mind when liquidity dried up.

If youre an experienced, high volume trader, an A Book broker like FP Markets or XTB (both FCA/ASIC regulated) will likely suit you bestclear commission structures and external liquidity mean minimal conflict of interest. For newer or smaller traders, a well regulated B Book broker such as XM or Pepperstone can offer stable, slippage free pricing, provided you verify their transparency and execution fairness.

Hybrid modelsused by brokers like RoboForexcan offer the best of both worlds, routing large or profitable trades to the interbank market while internalizing smaller orders. This flexibility can be a smart compromise if you need both stability and market access without switching platforms.

My rule is simple: always choose a broker (A book or B book) with strong regulatory oversight, clear disclosures, and execution history you can verify. Whether A Book, B Book, or hybrid, what matters most is your confidence in how your trades are handledso test small, monitor your fills during volatility, and pick the model that aligns with your risk tolerance and trading goals.

A Book brokers deliver true market execution and transparency, B Book brokers provide predictable costs and fixed spreads, and hybrid brokers blend both approaches. Your choice should reflect your trading style, capital size, and comfort with counterparty riskand always be backed by personal testing and a regulated framework.

The choice between an A Book vs B Book broker depends on your trading strategy, risk tolerance, and trust in your broker. A Book brokers are ideal for traders who want market based execution and less interference, especially for high frequency or institutional strategies. B Book brokers, on the other hand, offer simplified trading conditions and lower entry requirements, but may carry more execution related concerns.

Before committing to any broker, make sure to research their regulatory compliance, execution model, spreads, and fees. Also, check whether they disclose whether they operate as A Book, B Book, or a hybrid modelwhich many modern brokers do.

We have conducted extensive research and analysis on over multiple data points on A-Book Versus B-Book Brokers to present you with a comprehensive guide that can help you find the most suitable A-Book Versus B-Book Brokers. Below we shortlist what we think are the best A Book Versus B Book Brokers Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching A-Book Versus B-Book Brokers.

Reputable A-Book Versus B-Book Brokers Checklist

Selecting a reliable and reputable online A Book Versus B Book Brokers Trading Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade A Book Versus B Book Brokers Trading Platforms more confidently.

Selecting the right online A Book Versus B Book Brokers Trading Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of A Book Versus B Book Brokers Trading Platforms in Our Brokerage Comparison Table

When choosing a broker for A Book Versus B Book Brokers Trading Platforms trading, it's essential to compare the different options available to you. Our A Book Versus B Book Brokers Trading Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a A Book Versus B Book Brokers Trading Platforms broker that best suits your needs and preferences for A Book Versus B Book Brokers Trading Platforms. Our A Book Versus B Book Brokers Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 A Book Versus B Book Brokers Trading Platforms of 2025 compared

Here are the top A Book Versus B Book Brokers Trading Platforms.

Compare A Book Versus B Book Brokers Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a A Book Versus B Book Brokers Trading Platforms broker, it's crucial to compare several factors to choose the right one for your A Book Versus B Book Brokers Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are A Book Versus B Book Brokers Trading Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more A Book Versus B Book Brokers Trading Platforms that accept A Book Versus B Book Brokers Trading Platforms clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
Regulation Seychelles Financial Services Authority (FSA) (SD018) RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)
Min Deposit 200 10 50 No minimum deposit 5 No minimum deposit 100 100 25 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 200,000+ 730,000+ 35,000,000+ 1,000,000+ 10,000,000+ 400,000+ 400,000+ 200,000+ 250,000+ 60,000+ 7,800,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
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xtb
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xm
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pepperstone
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fpmarkets
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easymarkets
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spreadex
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fxpro
Risk Warning Losses can exceed deposits Losses can exceed deposits 61% of retail investor accounts lose money when trading CFDs with this provider. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk 65% of retail CFD accounts lose money 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All A Book Versus B Book Brokers Trading Platforms in more detail

You can compare A Book Versus B Book Brokers Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top A Book Versus B Book Brokers Trading Platforms for 2025 article further below. You can see it now by clicking here

We have listed top A Book Versus B Book Brokers Trading Platforms below.

A-Book Versus B-Book Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 35000000+ traders. 61% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. 65% of retail CFD accounts lose money SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)

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Losses can exceed deposits
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Losses can exceed deposits