Top Bsp Brokers for 2024
We found 11 online brokers that are appropriate for Trading Bsp.
Best Bsp Brokers Guide
Analysis by Andrew Blumer, Updated Last updated - April 30, 2024
BSP Brokers
Banko Sentral ng Pilipinas brokers, or the so-called BSP brokers, offer a transparent, safe and secure financial environment in the Philippines.
BSP is the central bank of the country and it closely monitors the Philippines economy to provide a stable and growing business environment.
Being one of the most active and effective regulators in Asia, the BSP enforces various guidelines for companies, individuals, BSP brokers and other financial entities to follow.
Securities and Exchange Commission (SEC)
All the Forex BSP brokers in the country are regulated by the SEC with set rules while offering a wide range of financial products like ETFs, CFDs, commodities and Forex.
The priority is to safeguard the stability of the Philippines financial markets by having complete control over all the service providers in the industry.
Breaking of rules by companies, individuals or BSP brokers is not tolerated by the SEC. Strict actions are taken if found involved in fraudulent activities after unbiased investigation.
The SEC can any time revoke, suspend, terminate or cancel the license. It is the only authority in the Philippines to issue and renew licenses to financial entities to operate in the country.
Decisions of SEC are final and binding with respect to whether a financial service provider would be issued a license or not to operate in the market.
The primary focus of SEC is to build up confidence among investors in the Philippines by increasing transparency in the financial markets.
It also aims regulatory guidelines are strictly followed by all. It can ask the government to help in carrying out regulatory responsibilities.
SEC enjoys the power of issuing cease and desist notices in circumstances where it believes wrongdoing may risk the investors. The commission also can approach courts for matters where a resolution is needed. It can issue search-and-seizure notices too.
However, many consider the SEC has been given more than enough power and this is not something a good sign for a growing financial market.
BSPs Role
The primary role of BSP is to oversee financial stability in the Philippines. Some of the responsibilities of it include making the money exchange process streamlined in the financial markets of the country.
It determines the exchange rate policy and manages peso's reserves.
In brief, the BSP is a financial advisor, a lender and also one such agency that helps in maintaining market liquidity.
It has the power of extending loans, issuing advances, raising capital, offer discounts to financial service providers and also simultaneously act as a depository.
However, BSP does not regulate the Forex brokers as it actively has other responsibilities like keeping money supply, developing monetary policies, maintaining liquidity and issuing currency.
So, it is not a surprise that the BSP brokers are in fact regulated by the SEC.
Can I choose BSP regulated brokers
No. It is a strict no. The first thing to know here is that the commonly so-called BSP brokers are in fact regulated by the SEC and not by the BSP.
However, it is a usual practice in the Philippines to consider dealing with BSP brokers. It is important to know that such BSP brokers may not be regulated brokers.
It is strongly recommended to deal only with regulated brokers in the Philippines as they offer protection to investment to a great possible extent.
Trading Forex is highly risky and this is the reason one should not deal with unregulated brokers. The only way to keep yourself protected from fraudulent activities is to deal with an SEC-regulated broker.
BSP Brokers Verdict
The Philippines financial markets are growing rapidly with strict rules and regulations. The SEC regulates the brokers while BSP looks after the currency and money liquidity matters primarily.
All the investors are suggested to deal with regulated brokers like the ones mentioned below.
We have conducted extensive research and analysis on over multiple data points on Bsp Brokers to present you with a comprehensive guide that can help you find the most suitable Bsp Brokers. Below we shortlist what we think are the best bsp brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Bsp Brokers.
Reputable Bsp Brokers Checklist
Selecting a reliable and reputable online Bsp 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 Bsp more confidently.
Selecting the right online Bsp trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Bsp broker has a solid track record of at least two years in the industry.
- Verify that the Bsp broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Bsp 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 Bsp broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Bsp brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Bsp 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 Bsp Brokers in Our Brokerage Comparison Table
When choosing a broker for bsp trading, it's essential to compare the different options available to you. Our bsp 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 bsp broker.
- The funding methods available for bsp with each broker.
- The types of instruments you can trade with each bsp broker, such as forex, stocks, commodities, and indices.
- The trading platforms each bsp broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each bsp broker affects the cost of trading.
- The level of customer support each bsp broker offers, including their availability, responsiveness, and quality of service.
- Whether each bsp broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a bsp broker that best suits your needs and preferences for bsp. Our bsp broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Bsp Brokers of 2024 compared
Here are the top Bsp Brokers.
Compare bsp brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a bsp broker, it's crucial to compare several factors to choose the right one for your bsp needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are bsp brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more bsp brokers that accept bsp clients.
| Broker |
IC Markets
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XTB
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XM
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AvaTrade
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FP Markets
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ovalx
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webull
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tradezero
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eaglefx
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skilling
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forextb
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | 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) | Financial Conduct Authority (FCA) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) | Unregulated | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Min Deposit | 200 | No minimum deposit | 5 | 100 | 100 | 100 | 50 | 500 | 10 | 100 | 250 |
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| Used By | 180,000+ | 1,000,000+ | 10,000,000+ | 300,000+ | 10,000+ | 10,000+ | 5,000+ | 2,000+ | 5,000+ | 5,000+ | 5,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with ovalx |
Sign
Up with webull |
Sign
Up with tradezero |
Sign
Up with eaglefx |
Sign
Up with skilling |
Sign
Up with forextb |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor |
| Demo |
IC Markets Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
FP Markets Demo |
Ovalx Demo |
Webull Demo |
TradeZero Demo |
EagleFX Demo |
Skilling Demo |
ForexTB Demo |
| Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, BE, CA , SG, BE | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE |
All Bsp brokers in more detail
You can compare Bsp Brokers 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 Bsp Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Bsp brokers below.
Bsp Brokers Table of Contents
- Bsp Brokers Explained
- 6 Factors to Consider when Choosing Bsp Brokers
- Are Your Bsp Brokers Trusted And Established?
- Are The Bsp Brokers World Leading?
- What are the Bsp Brokers Commissions and Fees?
- What are the Bsp Brokers Funding and Withdrawl Methods?
- Find Bsp Brokers with Round-the-clock support?
- Make sure the Bsp Brokers Offer Comprehensive Trader resources?
- Why Bsp Brokers needs to be regulated?
- Bsp Brokers FAQ
- What are the best Bsp brokers?
- What is the best Bsp broker?
- Related Bsp Brokers Reviews
- Related Bsp Brokers Alternatives
- Related Bsp Brokers Comparisons
Bsp Brokers Explained
Trading volatile financial markets with Bsp Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Bsp Brokers to ensure a successful trading experience.
Selecting Bsp Brokers 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 Bsp markets effectively.
Reliability is key to gaining access to financial markets. Look for Bsp Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Bsp Brokers confidently.
6 Factors to Consider when Choosing Bsp Brokers
Follow these five rules for selecting Bsp Brokers that are right for you:
Are Your Bsp Brokers Trusted And Established?
Search for a reputable Bsp Brokers with a extensive proven track record for Bsp, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Bsp 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 XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB 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
|
XTB
|
XM
|
AvaTrade
|
FP Markets
|
ovalx
|
webull
|
tradezero
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2002 | 2009 | 2006 | 2005 | 2002 | 2017 | 2014 |
| Head Office | Australia | Poland | Cyprus | Ireland | Australia | UK | USA | Bahamas |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | 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) | Financial Conduct Authority (FCA) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 10,000,000+ | 300,000+ | 10,000+ | 10,000+ | 5,000+ | 2,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | Yes | No | No |
| Learn More | Visit IC Markets | Visit XTB | Visit XM | Visit AvaTrade | Visit FP Markets | Visit Ovalx | Visit Webull | Visit TradeZero |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Are The Bsp Brokers World Leading?
Opt for Bsp Brokers 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 Bsp Brokers is XTB. XTB Segregates clients funds and offers over 5600 instruments.
| Broker |
IC Markets
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XTB
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XM
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AvaTrade
|
FP Markets
|
ovalx
|
webull
|
tradezero
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 5600 | 1000 | 1250 | 290 | 100 | 100 | 100 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | 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 | US, CA, IL, IR | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, BE, CA, SG, BE | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | 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 |
| Forex pairs offered | 61 | 57 | 55 | 55 | 70 | 60 | 0 | 0 |
| Forex pairs offered | 61 | 57 | 55 | 55 | 70 | 60 | 0 | 0 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | Yes | Yes | Yes | No | No |
| Commodities Offered | 20 | 21 | 15 | 17 | 18 | 16 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | No | Yes | Yes | Yes | Yes | No |
| Stocks Offered | 2100 | 1696 | 160 | 1000 | 10000 | 5000 | 100 | 100 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No | No | No |
What are the Bsp Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Bsp broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Bsp broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
XTB
|
XM
|
AvaTrade
|
FP Markets
|
ovalx
|
webull
|
tradezero
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 0 | 5 | 100 | 100 | 100 | 50 | 500 |
| Withdrawl Fees | No | varies | No | No | No | No | varies | varies |
| Inactivity Fees | No | Yes | Yes | No | No | Yes | No | No |
| Deposit Fees | Varies | No | No | No | Yes | No | No | No |
| CFD Commission Fees | Yes | Yes | No | No | Yes | Yes | No | Yes |
What are the Bsp Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Bsp Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Bsp Brokers.
| Broker |
IC Markets
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XTB
|
XM
|
AvaTrade
|
FP Markets
|
ovalx
|
webull
|
tradezero
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | Yes | No | No | No |
| Skrill | Yes | Yes | No | No | Yes | No | No | Yes |
| Payoneer | No | Yes | No | Yes | No | No | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
Find Bsp Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Bsp Brokers.
Bsp Brokers 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 Bsp Brokers 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
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
IC Markets and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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XTB
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XM
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AvaTrade
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FP Markets
|
ovalx
|
webull
|
tradezero
|
|---|---|---|---|---|---|---|---|---|
| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | 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 | English, French, Spanish, German, Polish, Czech, Greek and Mandarin | English, Chinese, | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish |
| Learn More | Visit IC Markets | Visit XTB | Visit XM | Visit AvaTrade | Visit FP Markets | Visit Ovalx | Visit Webull | Visit TradeZero |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Make sure the Bsp Brokers Offer Comprehensive Trader resources?
It's important to ensure your Bsp Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and XTB 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 Bsp Brokers. 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 Bsp Brokers.
Why Bsp Brokers needs to be regulated?
Regulated Bsp Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Bsp Brokers.
Consumers are protected by Bsp Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Bsp Brokers is necessary to prevent fraud. The Bsp Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Bsp Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Bsp Brokers 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, 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, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer 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, 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, Mac, Mirror Trader, Binary, 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
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, 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, 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, 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, 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