Top Carry Trade Brokers for 2024

We found 11 online brokers that are appropriate for Trading Carry Trade.

Best Carry Trade Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - April 24, 2024

Best Forex Brokers For Carry Trade

Choosing the right broker is essential for executing successful carry trades. The brokers listed above offer essential trading tools and resources for executing profitable carry trades, making them some of the industry's best Forex brokers for carry trading.

Carry trading is highly risky, and you may lose money. 74-89 % of retail investor accounts lose money when trading CFDs when carry trading. With your broker, CFD trading using leverage is high risk on foreign exchange markets. The most successful traders have years of experience.

Carry trading is a popular strategy used by Forex traders to profit from the interest rate differential between two currencies when trading Forex on numerous trading pairs.

To find the best Forex brokers and Forex trading platforms for carry trading, it's essential to consider competitive swap rates, reliable trading platforms, and a secure trading environment when online trading live financial markets.

Engaging in carry trade within the forex market entails borrowing funds in a currency with a low-interest rate and directing it towards an alternative currency with a higher interest rate. Carry trading allows investors to capitalize on the interest rate differential. The following article will explore optimal approaches for implementing the carry trade strategy in forex trading.

Forex trading often involves the utilization of carry trade, which encompasses borrowing funds from a currency with a relatively low-interest rate and allocating them towards a currency offering a higher interest rate. This disparity in interest rates allows traders to benefit from the resulting differential.

The concept of carry trade in forex trading involves borrowing money in a currency with a lower interest rate and investing it in a currency with a higher interest rate. This strategy allows traders to profit from the interest rate differential. The following article will discuss the best practices to employ when implementing the carry trade strategy in forex trading.

Engaging in carry trading is a tactic that encompasses leveraging low-interest loans to invest in assets offering superior return rates.

The carry trade strategy can involve procuring a currency at a reduced interest rate. Each day, retail traders may receive interest differentials from their brokers if their trades align with an interest-positive direction.

Example of a Forex Carry Trading Strategy

Let's take a hypothetical example of a Forex carry trade to understand better the carry trading process and how it works for a carry trader.

Assume that the current interest rate in the United States is 2.5%, while the interest rate in Japan is 0.5%. In this case, the US dollar (USD) is the high-interest-rate currency, and the Japanese yen (JPY) is the low-interest-rate currency.

To execute a carry trade, a trader borrows 1 million yen at the current exchange rate of 110 yen to the dollar, translating to a borrowing cost of $9,090.91. The trader then converts the borrowed amount to US dollars, which gives them $9,090.91 ÷ 110 = $82.64.

The trader then invests the US dollars in a US Treasury bond with an annual interest rate of 2.5%. Over a year, the trader earns an interest of $82.64 × 2.5% = $2.07.

At the end of the year, the trader converts the US dollars back to the Japanese yen at the prevailing exchange rate, say 108 yen, to the dollar. This gives the trader a total of $82.64 × 108 = ¥8,926.12.

Finally, the trader repays the initial loan of 1 million yen plus the interest of 0.5%, totaling ¥1,005,000. Leaving the trader with a profit of ¥8,926.12 - ¥1,005,000 = ¥7,921.12, which translates to a profit of $72.01 based on the exchange rate of 110 yen to the dollar.

This example illustrates how a Forex carries trade can be executed and how traders can profit from the interest rate differential between two currencies. However, it is important to note that Forex carry trades involve risks, and traders need to understand the market well and proper risk management strategies to minimize losses.

Remember that the carry trade strategy best suits seasoned traders, institutional investors, and discerning individuals with a high-risk tolerance and substantial financial resources.

Carry Trade Forex Brokers: Understanding the Basics

Throughout your journey as a forex trader, you've likely encountered the term carry trade. This strategy involves borrowing funds at a relatively low-interest rate and directing them towards a currency that offers a higher interest rate. To execute this strategy effectively, carry trade forex brokers provide specialized trading services tailored to meet the needs of traders.

Carry trade is a popular strategy among advanced traders who understand interest rates and how they affect the forex market. The concept behind carry trade is simple: buy a high-interest currency and sell a low-interest currency to earn the interest rate differential. However, it is important to note that carry trade is not without risks. If executed poorly, this trading strategy can result in losing money rapidly.

To gain a deeper comprehension of carry trade trading, let's examine an illustrative example. Imagine you are a forex trader engaging in CFD trading on the EUR/USD forex pair. At the moment of your trade, the interest rate in the Eurozone stands at 0.00%, whereas in the United States, it is 2.25%. The USD is a high-interest currency, while the EUR is a low-interest fiat currency.

To execute a carry trade on this forex pair, you would borrow money in the EUR and use it to buy USD. You would then hold the USD for an extended period, earning interest in the currency. When the interest rate differential between the two currencies changes, you can close your position, selling the USD and buying back the EUR, earning a profit from the interest rate differential.

Carry trade pros

The main advantage of the carry trade is the potential to earn significant profits from the interest rate differential between the two currencies. If executed correctly, carry trade can be profitable, attracting professional and advanced traders to this approach.

Best brokers for carry trading

To execute a carry trade strategy, traders need to work with brokers that provide trading services that support this approach. Some of the best brokers for carry trade are Interactive Brokers, Oanda, and Saxo Bank. These brokers offer competitive swap rates and investor protection, essential factors to consider when trading with a carry trade approach.

Low-interest rate currency and high-interest rate currency

In carrying trade, traders aim to buy a high-interest currency and sell a low-interest currency. The low-interest currency is often called the 'carry currency,' while the high-interest currency is the 'funding currency.' Traders need to identify the best low-interest currency to borrow and invest in the high-interest currency to maximize their potential profits.

Best trading platform for carry trade

Carry trade requires advanced trading strategies and sophisticated trading tools. Therefore, traders need to use a platform that can accommodate their trading needs. Some of the best trading platforms for carry trade are MT4, MT5, cTrader. MT4, MT5 and cTrader are advanced trading platforms with features that enable them to execute carry trade strategies effectively. Ensure financial regulators regulate your carry trading broker in your local region and that you take the time to gain trading experience before live trading using client funds.

Demo account for carry trade

Before trading with a carry trade approach, it is essential to test your trading strategy using a demo account. A demo carry trading account allows traders to use simulated carry trading with virtual funds, enabling them to test their trading strategies in a no risk to real funds environment. Using a demo account can help carry traders identify potential risks.

Carry trade and Islamic traders

Carry trade involves borrowing money and earning interest on the borrowed funds. This approach may not be suitable for Islamic traders who follow the principles of Shariah law, which prohibits earning interest (Riba). However, some brokers provide Islamic trading accounts that comply with Shariah law, allowing Islamic traders to trade Forex without earning interest using Islamic accounts.

Carry Trade Risk

While carry trades undeniably hold the promise of financial rewards, it is imperative to acknowledge the substantial risks they entail. A solid foundation of trading experience and a robust risk management approach is indispensable when navigating this strategy. Carry trading risks may include:

Including hedging in carry trades is infrequent due to the additional cost it imposes.

Hedging can offset the positive interest rate differential, particularly in the context of currency forwards. It's important to note that carry trades rely on a willingness to embrace risk.

In the event of a sudden shift in the economic landscape, speculators may be compelled to close their trades.

This scenario has the potential to amplify adverse repercussions for the global economy.

Advantage of Carry Trading

Engaging in trading through carry trade brokers requires a focus on the direction of carrying interest. By leveraging this approach, traders not only have the opportunity to achieve trading profits but also to benefit from interest earnings.

Why things become risky in carry trade?

Carry trading entails certain potential risks that should be acknowledged. Favourable market conditions determine the selection of currency pairs.

Given the inherent volatility associated with this trading strategy, it is crucial to approach trades with caution. It is important to recognize that turbulent market conditions can significantly and swiftly impact currency pairs.

These currency pairs are commonly referred to as carry pairs. With effective risk management, traders may be able to recover from sudden and unforeseen market fluctuations.

Furthermore, it is important to remember that unwinding carry trades can be challenging. Global market dynamics may necessitate the unwinding of specific trades, potentially strengthening the funding currency.

Ensure that your carry trade broker is regulated by reputable authorities such as the FCA (Financial Conduct Authority) or CySEC (Cyprus Securities and Exchange Commission).

Executing A Carry Trade

An example execution of a carry trade can help illustrate how this strategy works. Let's consider a hypothetical scenario involving a forex trader named John.

John observes that the interest rate in Country A is currently at 0.25%, while the interest rate in Country B is at 4.5%. Recognizing the significant interest rate differential, John decides to execute a carry trade.

First, John borrows a substantial amount of currency from Country A at a low-interest rate of 0.25%. Let's assume he borrows the equivalent of $100,000. Next, he converts this borrowed currency into the currency of Country B, where the interest rate is 4.5%.

John then proceeds to invest the $100,000 in high-yielding assets in Country B, such as government bonds or other investment instruments. These assets offer a return rate that aligns with the interest rate in Country B.

Over time, as John holds this investment, he earns interest at 4.5% in Country B. Let's say this results in an annual return of $4,500.

At the same time, John continues to pay the low-interest rate of 0.25% on the borrowed currency from Country A, amounting to an annual interest payment of $250.

The profit from this carry trade would be the difference between the interest earned in Country B and the interest paid in Country A. In this case, John's profit would be $4,500 - $250 = $4,250 annually.

Please note this example demonstrates a potentially profitable outcome, carry trades come with risks. Factors such as exchange rate fluctuations, economic conditions, and unforeseen events can impact the overall profitability of carry trades.

What is the best Forex carry trade?

The best Forex carries trade involves a high-interest-rate currency with a stable economic outlook and a low-interest-rate currency. The interest rate differential between the two currencies should be significant enough to make the carry trade profitable. It is essential to choose a currency pair that is not prone to high volatility or geopolitical risks that can affect the interest rate differential.

What is the best pair for carry trade?

The best carry-trade pair has the highest interest rate differential and stable economic outlook. The most popular currency pairs for carry trade are AUD/JPY, NZD/JPY, and AUD/USD. These currency pairs have a high-interest-rate currency and a low-interest-rate currency, allowing traders to earn a significant interest-rate differential.

How do you trade FX carry?

To trade FX carry, traders need to identify high-interest-rate and low-interest-rate currencies. Traders then borrow money in the low-interest-rate currency and invest it in the high-interest-rate currency. The trader earns interest on the high-interest-rate currency, and if the interest rate differential is significant enough, the trader can profit from the trade. To mitigate risks, traders need to manage their positions carefully and monitor the interest rate differential between the two currencies regularly.

Does carry trade work?

If executed correctly, Carry trade can be a profitable trading strategy. However, it is important to note that carrying trade involves risks, and traders must manage their positions carefully. The success of carry trade largely depends on the interest rate differential between the two currencies and the stability of the economic outlook of the currency pair. Traders must understand interest rates, economic indicators, and market trends to make informed decisions when trading with a carry trade strategy.

Negative Impacts of Trade on Investors

If an investor is prepared to allocate £10,000 in the market, their goal might be to achieve a return of approximately 10%.

By aligning with market dynamics, the overall return could reach 9%. However, knowing that an abrupt market correction can decrease the portfolio value by nearly 20% is important. This situation can disrupt carry trading strategies.

Consequently, the investor could experience a shortfall of approximately £2,000. It is worth noting that the investor can convert the borrowed sum of £10,000 into an exotic currency, where an EC deposit may yield a 6% interest rate.

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

Reputable Carry Trade Brokers Checklist

Selecting a reliable and reputable online Carry Trade 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 Carry Trade more confidently.

Selecting the right online Carry Trade 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 Carry Trade Brokers in Our Brokerage Comparison Table

When choosing a broker for carry trade trading, it's essential to compare the different options available to you. Our carry trade 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 carry trade broker that best suits your needs and preferences for carry trade. Our carry trade broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Carry Trade Brokers of 2024 compared

Here are the top Carry Trade Brokers.

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

All brokers below are carry trade brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more carry trade brokers that accept carry trade clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx
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 Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) 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), 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) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 1 100 1
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 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+
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
  • 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
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread 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
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
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, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, 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, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
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
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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. 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. 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 Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo IC Markets
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Roboforex
Demo
eToro
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XTB
Demo
XM
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Pepperstone
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AvaTrade
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FP Markets
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NordFX
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easyMarkets
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SpreadEx
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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 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, CA, EU, RU, SY, KP, CU 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


All Carry trade brokers in more detail

You can compare Carry Trade 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 Carry Trade Brokers for 2024 article further below. You can see it now by clicking here

We have listed top Carry trade brokers below.

Carry Trade Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ 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

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

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), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
eToro
(4/5)
Min deposit : 100
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. 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.

eToro was established in 2007 and is used by over 30000000+ traders. 76% 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

Web Trader, Tablet & Mobile apps

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. 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. 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

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. 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
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, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

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 300000+ 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

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

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), 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
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

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), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

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), License No: 209/13, VFSC registration number 15008
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ 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

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

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Losses can exceed deposits
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Losses can exceed deposits