Top Broker Dealer for 2024
We found 11 online brokers that are appropriate for Trading Broker Dealer.
Best Broker Dealer Guide
Analysis by Andrew Blumer, Updated Last updated - April 16, 2024
What Is A Broker Dealer?
A broker-dealer refers to a firm or person who buys and sells securities on behalf of its customers or for his own account. The term is widely used in the United States securities regulation to describe stock brokerages as most brokers or brokerage houses are principals and agents.
Broker Dealer Key Highlights
- A broker or brokerage house engaged in security trading either for itself or for clients is called a broker dealer.
- A broker-dealer acts as a principal when trading is done for its account. They act as an agent or broker when the order is executed on behalf of a client.
- A broker-dealer is broadly categorised as an independent or a wirehouse.
- Independent broker dealers sell from outside sources while a wirehouse sells its own product.
In simple words, broker dealer is a regulatory term referring to a company or individual who conducts a 'buy' and 'sell' of securities under one of the below circumstances:
A broker dealer has the capability of mediating as an agency and helping in the process of "buy" and "sell" by implementing necessary actions.
The broker dealer simply matches buyers and sellers without making an investment. It is something similar to what a real estate broker does against a commission.
A broker may also deal like a dealer instead of simply being a broker and work for a commission.
Here you may understand the clear meaning of broker dealer definition. He, she or it buys or sells bonds and pre-defines the transaction charges.
Basically a broker dealer earns a spread between the buying and selling price of the securities.
Broker Dealer Explained
A broker-dealer plays important roles in the financial industry, such as supplying liquidity through market making, publishing investment research, providing liquidity advice to customers, raising capital for companies and facilitating trading activities. It can be an investment bank, a large subsidiary of a giant commercial or an independent boutique.
The Financial Industry Regulatory Authority (FINRA) data reveals there are more than 3,975 broker-dealers in the US which include, Edward Jones, Charles Schwab and Fidelity Investments.
How broker dealer differ from Registered Investment Advisor
While understanding broker dealer definitions it is important to know how it differs from a Registered Investment Advisor.
RIA is registered under the Investment Advisers Act of 1940 while a broker dealer under Securities Exchange Act of 1934 follows an extensive regulation.
broker dealers reciprocate lower standard services to clients unlike the RIA and one cannot charge commissions as well as a markup on a single trade.
Either he, she or it can act as a broker or a dealer but not as both for the same transaction.
Functions of Broker Dealer
A broker-dealer is simply the buyer and seller of securities either for itself or for clients along with the distributor of other investment products. They play a dual role: they act on behalf of a brokerage firm being a dealer and make transactions from its account, and they also act on behalf of the clients in buying and selling securities and handling transactions.
A broker-dealer also plays some other vital roles like ensuring a ready market of securities for the clients and facilitating the free flow of securities. It profits from the fee charged for offering the services.
Broker Dealer Special Considerations
A broker-dealer is responsible for underwriting the securities offerings if directly partnered with investment banking operations. It strikes a contractual arrangement if it works as an issuing company agent, either as an underwriting syndicate member or principal underwriter of the offering.
It acts on a commitment with the issuer to distribute a defined portion of the securities offered for an underwriting fee.
A broker-dealer may even acquire some securities offering from their account or need to do the same if the securities are not sold.
After the underwriting process and issue of securities, he becomes a distributor and tries to sell to clients by playing the role of a broker by offering financial advice. This way, the entity facilitates the interests of the clients, itself and also the issuer.
Broker Dealer Regulation
A broker-dealer is regulated by the Securities Exchange Act of 1934 by the US Securities and Exchange Commission. In the United Kingdom, it is regulated by the Financial Conduct Authority under the Financial Services and Markets Act 2000. Similarly, the Financial Services Agency under the Financial Instruments and Exchange Law of Japan regulates such an entity referred to as a securities company.
Broker Dealer Industry
The offerings are becoming complex with development, and the nature of the industry is changing rapidly. Amid such a scenario, it is well said that knowledge is power. A greater grasp of industry-standard vocabulary means a better understanding of the functioning of the industry. It further results in a better sense of investments, understanding returns and what to expect in the court amid any dispute.
How to choose a Broker Dealer
The initial question of what a broker dealer is answered and by now you may have understood the broker dealer definition too.
The next step is to choose the best broker dealer before investing any money in the market. Below are some important things to consider prior to doing so:
Never opt for such a broker dealer who has a bad reputation including misconduct allegations or criminal history. Details of such can be found from FINRA BrokerCheck system.
You will be investing your money in the market so you must be comfortable while trading and you should be happy with the broker dealer. It is suggested to acquaint yourself with one broker dealer who is familiar among investors. Find one you can trust and respect.
Read the disclosure documents carefully. They should be clear and easily to understand. They contain what you need to pay and what you will receive. There should not be any confusion in this.
Becoming a Broker dealer
It is not an easy task to become a broker dealer unlike becoming just a broker. A firm has to be setup as the liability in the business is unlimited and legal paperwork need to be completed like obtaining a license and opening a bank account. Statutory capital requirements need to be fulfilled and anti-money laundering system should be implemented.
United States broker dealer
There are several broker dealers and a few to mention below are as follows:
- LPL Financial
- Ameriprise Financial
- Raymond James Financial
These are the US top three broker dealers and generate revenue somewhere from $1.5 billion to $4.3 billion. Other popular ones include TD Ameritrade, Charles Schwab & Company, Fidelity Investments and Interactive Brokers.
Broker Dealer Verdict
Brokers and dealers are the two important pillars in the financial industry. Many financial entities play a dual role. They act as a broker as well as a dealer. They simultaneously work in the interest of companies, themselves and clients.
A broker-dealer is always under a contractual commitment with the issuing company when acting as an agent. It is either categorised as an underwriting syndicate member or principal underwriter of the offering. It is committed to distributing the securities against a certain underwriting fee.
A broker-dealer is tightly regulated in various countries. The SEC regulates in the US, while the FCA regulates in the UK.
We have conducted extensive research and analysis on over multiple data points on Broker Dealer to present you with a comprehensive guide that can help you find the most suitable Broker Dealer. Below we shortlist what we think are the best broker dealer after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Broker Dealer.
Reputable Broker Dealer Checklist
Selecting a reliable and reputable online Broker Dealer 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 Broker Dealer more confidently.
Selecting the right online Broker Dealer trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Broker Dealer broker has a solid track record of at least two years in the industry.
- Verify that the Broker Dealer broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Broker Dealer broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Broker Dealer broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Broker Dealer brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Broker Dealer broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
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 Broker Dealer in Our Brokerage Comparison Table
When choosing a broker for broker dealer trading, it's essential to compare the different options available to you. Our broker dealer brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each broker dealer broker.
- The funding methods available for broker dealer with each broker.
- The types of instruments you can trade with each broker dealer broker, such as forex, stocks, commodities, and indices.
- The trading platforms each broker dealer broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each broker dealer broker affects the cost of trading.
- The level of customer support each broker dealer broker offers, including their availability, responsiveness, and quality of service.
- Whether each broker dealer broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a broker dealer broker that best suits your needs and preferences for broker dealer. Our broker dealer broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Broker Dealer of 2024 compared
Here are the top Broker Dealer.
Compare broker dealer brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a broker dealer broker, it's crucial to compare several factors to choose the right one for your broker dealer needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are broker dealer. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more broker dealer that accept broker dealer clients.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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Pepperstone
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FP Markets
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NordFX
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FXPro
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Admiral
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ThinkMarkets
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FXPrimus
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. 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 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), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 200 | 100 | 1 | 100 | 200 | No minimum deposit | 100 |
| Funding |
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| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 400,000+ | 10,000+ | 10,000+ | 1,866,000+ | 10,000+ | 500,000+ | 10,000+ |
| Benefits |
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| Accounts |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with fpmarkets |
Sign
Up with nordfx |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
Sign
Up with thinkmarkets |
Sign
Up with fxprimus |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
NordFX Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
FXPrimus 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, | US, IN, PK, BD, NG , ID, BE, AU | 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 | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
All Broker dealer in more detail
You can compare Broker Dealer 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 Broker Dealer for 2024 article further below. You can see it now by clicking here
We have listed top Broker dealer below.
Broker Dealer Table of Contents
- Broker Dealer Explained
- 6 Factors to Consider when Choosing Broker Dealer
- Are Your Broker Dealer Trusted And Established?
- Are The Broker Dealer World Leading?
- What are the Broker Dealer Commissions and Fees?
- What are the Broker Dealer Funding and Withdrawl Methods?
- Find Broker Dealer with Round-the-clock support?
- Make sure the Broker Dealer Offer Comprehensive Trader resources?
- Why Broker Dealer needs to be regulated?
- Broker Dealer FAQ
- What are the best Broker dealer brokers?
- What is the best Broker deal broker?
- Related Broker Dealer Reviews
- Related Broker Dealer Alternatives
- Related Broker Dealer Comparisons
Broker Dealer Explained
Trading volatile financial markets with Broker Dealer can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Broker Dealer to ensure a successful trading experience.
Selecting Broker Dealer at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Broker Dealer markets effectively.
Reliability is key to gaining access to financial markets. Look for Broker Dealer that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Broker Dealer confidently.
6 Factors to Consider when Choosing Broker Dealer
Follow these five rules for selecting Broker Dealer that are right for you:
Are Your Broker Dealer Trusted And Established?
Search for a reputable Broker Dealer with a extensive proven track record for Broker Dealer, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Broker Dealer broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
|
XTB
|
Pepperstone
|
FP Markets
|
NordFX
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2010 | 2005 | 2008 | 2006 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Australia | Australia | Mauritius | UK |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. 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 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), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 400,000+ | 10,000+ | 10,000+ | 1,866,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit Pepperstone | Visit FP Markets | Visit NordFX | Visit FxPro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Are The Broker Dealer World Leading?
Opt for Broker Dealer that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Broker Dealer is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
Pepperstone
|
FP Markets
|
NordFX
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1200 | 290 | 50 | 430 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| 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, 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, MG, MK, MO, UA, JO, KR, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, 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 | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, CA, IR |
| Forex pairs offered | 61 | 35 | 50 | 57 | 70 | 70 | 70 | |
| Forex pairs offered | 61 | 35 | 50 | 57 | 70 | 70 | 70 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 16 | 18 | 0 | 30 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | No | Yes |
| Agricultural | Yes | No | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 1100 | 10000 | 1700 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
What are the Broker Dealer Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Broker Dealer broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Broker Dealer broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
Pepperstone
|
FP Markets
|
NordFX
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 200 | 100 | 1 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | No | Yes |
| Deposit Fees | Varies | No | No | No | No | Yes | No | No |
| CFD Commission Fees | Yes | No | Yes | Yes | Yes | Yes | Yes | charge commissions on cTrader only |
What are the Broker Dealer Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Broker Dealer. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Broker Dealer.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
Pepperstone
|
FP Markets
|
NordFX
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Paypal | Yes | No | Yes | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | No | Yes | Yes | Yes | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | Yes | No | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Broker Dealer with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Broker Dealer.
Broker Dealer customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Broker Dealer can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
Pepperstone
|
FP Markets
|
NordFX
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese, Greek, Malaysian, Thai, Turkish, Romanian, Czech, Slovak |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit Pepperstone | Visit FP Markets | Visit NordFX | Visit FxPro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Make sure the Broker Dealer Offer Comprehensive Trader resources?
It's important to ensure your Broker Dealer provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Broker Dealer. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Broker Dealer.
Why Broker Dealer needs to be regulated?
Regulated Broker Dealer lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Broker Dealer.
Consumers are protected by Broker Dealer regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Broker Dealer is necessary to prevent fraud. The Broker Dealer working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Broker Dealer is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Broker Dealer List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits