Credit Scores for 2024

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Credit Scores Guide

Analysis by Andrew Blumer, Updated Last updated - March 02, 2024

What Are Credit Scores?

A credit score is a three-figure number designed to show an individual's creditworthiness. It is usually a figure between 300 to 850. It basically displays the chances of whether an individual will repay their loans in a timely fashion to the lenders.

Credit scores are determined using the information found in an individual's credit reports. This includes their payment history, how much debt they have, as well as the length of their credit history. Here are how a consumers credit scores are usually determined:

  1. A range of 300 to 579 is identified as poor.
  2. A range of 580 to 669 is identified as fair.
  3. A range of 670 to 739 is identified as good.
  4. A range of 740 to 799 is identified as very good.
  5. A range of 800 to 850 is identified as excellent.

Scoring models come in many different types. Some of them tend to use other data, such as a consumer's income, in order to calculate their credit scores. Such scores are utilised as one factor by creditors as well as lender such as financial corporations (banks) and car dealerships, when they are determining whether it is viable to offer an individual credit, such as loans or bank cards. While large-scale credit scoring companies keep their formulas private, they still release enough information for experts to know how such scores are to be calculated.

Before credit scoring became popular, lenders would always have to procure the applicant's entire credit report in order to analyse it and verify their credit reports. Currently, however, they can just refer to a single three-figure number to determine their clients' creditworthiness.

What is the Significance of Credit Scores?

To put it briefly, individuals with higher credit scores usually get more advantageous credit terms. These types of credit terms come in the form of lesser interests to be paid throughout the life of the consumer's account and lower payments.

Individuals having credit scores under 640 are referred to as “subprime borrowers”. Due to them being subprime borrowers, lenders tend to charge elevated interest rates on subprime mortgages. This is so that they can compensate themselves since they are agreeing to carry more risk. Another thing they do is that they also mandate either a shorter reimbursement term or co-signers (who also agree to carrying more risk in this case) for borrowers having low credit scores.

An individual's credit score may also ascertain the size of an initial deposit needed to acquire cable services, a phone, or even a rented apartment. Lenders also review their borrowers' credit scores, particularly when they are considering changing an interest rate or, in other cases, the credit limit on their borrowers' credit cards.

It is important to keep note of the fact that every consumer's financial as well as credit situation varies. Different lending companies may also have different requirements in terms of allotting credit, including information such as the applicant's pay.

The different types of scores lenders use depend on the industry they are from. For instance, if someone is purchasing a car, an auto lender may refer to a credit score placing more focussed on that individual's payment history, considering auto loans.

Credit scores may differ with respect to which scoring system is being used. They may also differ on the basis of which credit information institution provides the credit report being put to use for the score data. This is because all lenders do not notify all three main credit information institutions, i.e., Experian, Equifax, and TransUnion.

What Credit Scores Consist Of

FICO is more open when it comes to finding out the total factors that constitute its credit scoring models.

Payment History

35 percent of an individual's FICO score makes up their overall payment history. If the individual takes a long time to repay their loans or credit account payments, the longer the felony and the more recent it is, the greater the negative impact is going to be on their credit score.

Outstanding Amounts

30 percent of an individual's credit score is dependent on the relative scale of their present debt. Their debt-to-credit ratio is their total debts divided by the total credit they have been extended across all their accounts. Lenders usually prefer to see a debt-to-credit ratio that is below 30 percent, however, the lower it gets, the better.

Length of Credit History

15 percent of an individual's score is reliant on the mean age of all accounts on their credit history. For individuals holding little credit history – like young adults, credit avoiders, and new immigrants – this becomes a substantial factor. Not only that, but this also becomes a concern for those who tend to open and close their accounts within brief periods of time.

New Credit

10 percent of a person's credit score happens to be based on their most recently opened accounts. People opening too many accounts within a short space of time might see a negative impact on their score. This because scoring models take this as a sign of potential fiscal distress.

Credit Mix

10 percent of a person's credit score is based on how many types of credit accounts they possess. These include auto loans, mortgages, store charge cards, and credit loans. Although having a much larger mix of credit cards is preferred over having fewer cards, it is not viable for anyone to take out multiple loans just to give one's score a boost and diversify their credit.

Boosting One's Credit Score Conventionally

The most appropriate way for an individual to give their credit score a boost is to fixate on its two most vital factors, i.e., accounts owned, and their payment history. Paying bills on time consistently is the most crucial way anyone can boost their credit score.

It may come as a relief to many that the majority of lenders do not report delinquencies that are below thirty days old. Some may not even on thirty-to-sixty-day late payments. However, if anyone goes beyond a recorded sixty days, every late payment after that will have a drastic impact on their credit score.

That is why it is important for everyone to utilise every possible resource to make all of their payments in a timely fashion. Resources such as setting up reminders and alerts, as well as setting up automated payments from financial corporations can be of big help. Almost all credit card providers offer such resources and features.

The next crucial factor to take care of is lowering one's debt-to-credit ratio. This equates the amount of debt a person has, divided by the total credit extended across all their accounts. Individuals looking to give their credit score a boost can bring down their debt-to-credit ratio by increasing their credit and decreasing their overall debt.

This is one reason why it helps to sign up for an entirely new credit card. A consumer's own credit score sees a boost if they increase their credit limit, i.e., either via pre-existing accounts or by opening up a new account. Such actions help in the decreasing of one's debt-to-credit ratio, that is unless they start piling on more debt. This is yet another reason why, if someone plans to cancel a credit card, they might have to transfer the line of credit on that particular card onto another card if possible. This is done to keep one's line of credit as high as one possibly can.

Activities That Adversely Affect Credit Scores

When considering credit cards, one peculiarity associated with debt is that a person's statement balances are shown to the credit bureaus in the form of debt, despite them paying their balance wholly every month. In this case, if anyone charges a lot on their credit cards, their credit report could possibly end up showing substantial amounts of debt, despite them not thinking of it that way.

Hence, any individual may want to pay off the majority or all of their balance prior to their statement closing date, that is if they are seeking to grasp any possibility, they can get to help give their score a boost. This may help keep the debt area of their ratio low if their credit is going to be pulled anytime soon.

After making timely payments as well as reducing one's debt-to-credit ratio, the next important step to keep in mind is to steer clear of opening multiple new credit card accounts or other types of loans within a short space of time. It is not the fact that card providers and financial corporations in general do not want to offer their customers lots of miles and points, it is the fact that they might try to stay away from anyone appearing to be seeking numerous new loans.

Constantly applying for new accounts within a short time period makes a person look like they are going through serious financial problems, making them someone more prone to default on loans.

Rectifying Errors

Another way a person can enhance their credit score is by fixing any errors they happen to sport in their credit history. This can be done simply by requesting credit reports free of cost from the three main credit reporting agencies.

Thoroughly checking credit history helps an individual find out about any inaccurate information on their reports, most likely due to clerical errors or identity theft. There are several ways one can go about disputing such issues, but it is best to always keep in mind that companies often remove legal information for a certain fee.

Requesting Forbearance

For anyone who has made a mistake, impacting their credit report as well as their score, it is viable for them to respectfully request their lender to remove their particular information. This can be done by either giving the lender a phone call or writing to them, elaborating to them the mistake at hand, then politely asking of them to make amendments, removing the mistake from one's record. This usually works best for blunders on an account with an otherwise clean payment record. It is crucial for the applicant to make sure that their account is free from delinquencies before making such a request.

Improving Credit Scores During Financial Distress

The most commonly occurring reason for anyone to have an unsatisfactory credit score is because of having suffered financial distress. This is when debt repayments are missed, or the person happens to default on their debts. Financial distress became more prevalent during the onslaught of the pandemic. The amount of time it actually takes to boost credit scores for individuals in such situations is reliant on the level of financial difficulty they are in. Individuals declared bankrupt usually take the longest to recover their credit scores, i.e., six years or more.

Those struggling to manage their debts can receive guidance and help by referring to Citizen Advice or any free-of-debt charity. Individuals having no debt whatsoever wanting to boost an unsatisfactory credit score can consider services (LOQBOX) that help their customers to grow their credit scores and help them save on funds at the same time.

Yet another viable option is for consumers to use a credit repair card. Such credit cards work similarly to normal credit cards; the only difference is that they have lower credit limits and are designed for those with bad credit scores. It should be noted, however, that such cards tend to charge higher APR.

How Customer Creditworthiness is Affected During Recessions

To put it simply, the general risk of the portfolio tends to increase because, due to financial distress, it gets increasingly difficult for consumers to be compliant with their loan commitments. As the payment behaviour of the debtors' changes, this leads to credit score deterioration across their portfolio.

According to studies (Deloitte), during simulated market recessions, a deterioration in credit quality is observed across a simulated portfolio of unsecured loans to small businesses with credit scores of 600. As a result, the total of the credit score sees a decline. As the market starts to see growth again, credit scores do not return to normalcy, they instead are deemed “unrecoverables”, i.e., they no longer qualify for traditional credit services.

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

Reputable Credit Scores Checklist

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

Selecting the right online Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

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Compare Key Features of Investment Platforms in Our Brokerage Comparison Table

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

Top 15 Investment Platforms of 2024 compared

Here are the top Investment Platforms.

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

All brokers below are Investment Platforms. Learn more about what they offer below.

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Broker IC Markets Roboforex XTB XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx FXPro
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 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) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 10 No minimum deposit 5 200 100 100 1 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 935,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+ 1,866,000+
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
  • 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
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • 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
  • 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
  • Demo account
  • Mini account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, 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, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, 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
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xtb
Sign Up with
xm
Sign Up with
pepperstone
Sign Up with
avatrade
Sign Up with
fpmarkets
Sign Up with
nordfx
Sign Up with
easymarkets
Sign Up with
spreadex
Sign Up with
fxpro
Risk Warning Losses can exceed deposits Losses can exceed deposits 77% 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. 74-89 % 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 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo
Roboforex
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AR, 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, UY, 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 US, CA, IR


All Investment Platforms in more detail

You can compare Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top Investment Platforms below.

Credit Scores 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
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 935000+ traders. 77% 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. 74-89 % 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, 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, 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)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, 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), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

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Losses can exceed deposits
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Losses can exceed deposits