Currency Overlay for 2022
We found 11 online brokers that are appropriate for Trading Currency Overlay Investment Platforms.
Currency Overlay Guide
Updated August 08, 2022
Currency Overlay
Currency overlay is an investment strategy or technique run by professional investors who deal with the entire currency exposure of large clients, usually multinational corporations, endowments, pension funds and other corporate entities. The currency exposure refers to the variation in foreign currency prices against the domestic money. The price variations are primarily caused by speculations in the market made on the basis of the country's central bank policy, political stability, inflation and economic outlook of that particular country. This speculation results in the fluctuations in foreign exchange rates. To minimise the risks posed by fluctuations in currency rates and to utilise the fluctuations for an optimal share of foreign currency investments, the Forex overlays are created.
Currency overlay involves the creation of an extensive base of foreign currency exchanges that are used by a brokerage firm to manage the client's portfolio. In this process, the number of currencies traded for each client is usually doubled. The Forex trader who has entered this service is known as a currency manager. Currency managers usually implement complex foreign exchange trading strategies and take partial ownership in a number of trading platforms. They use the data provided by the Forex markets to exploit the opportunities offered by fluctuating exchange rates and make appropriate investment decisions.
Currency overlay is a specialised form of investment risk management strategy usually implemented by investment specialist firms. Since the exchange rate movements are unexpected at times, most of the traders who make use of this service lose a considerable portion of their money. Currency overlay services are usually offered by specialist firms who provide services on behalf of the client investors. These firms usually have a group of professional Forex traders who have mastered the art of making investment decisions and who are ready to face any type of market condition that comes up. The trading decisions of the currency overlays are implemented by the manager on behalf of the investor.
What is Currency Overlay?
Currency overlay is a Forex trading technique or system conducted by professional traders who deal with the currency exposures of big clients, usually large institutional investors like pension funds, endowments, corporate entities and hospitals. This money is traded on your behalf to give you a profit. Your main aim is to buy at a low price and sell at a high price, thus leveraging the difference to your advantage. Basically, what this technique does is make your broker richer. The trader pays the foreign exchange rate, which in turn pays the broker, until such time that the excess money is returned to him or her.
Basically, foreign exchange market players hire Forex brokers or dealers to take care of their currency exposure. These brokers or dealers then invest your money on various investment portfolios. One of the investments is for the foreign exchange market, where you make money buying and selling the currency. Currency overlay on the other hand is basically an expense that is incurred by the foreign exchange market players.
Understanding a Currency Overlay
Understanding a currency overlay is a very important part of Forex trading. A currency overlay is a protective strategy which has been developed to offset the negative financial effect on an individual investment portfolio from either exchange rate movements or overall volatility when trading in foreign assets which are typically denoted in a foreign currency. The foreign exchange market is arguably the largest financial market in the world, with more than $5 trillion exchanged between different currencies every day. A currency overlay is a protective strategy which is designed to diversify your investment in foreign currencies.
A currency overlay is a financial tool which allows you to benefit from the natural fluctuations of the exchange rate between two currencies, while effectively shielding your portfolio from currency risk and volatility. This type of protection is achieved by using a method called the active currency overlay. This form of protection was actually invented by a pair of FX investors who were frustrated with the way their FX strategies always resulted in losses even though the prevailing exchange rate between the two currencies was always high. Thus, they developed a method to protect their portfolios from fluctuating rates of exchange by shifting their investments to other currencies, which were less affected by the exchange rate.
Why a Currency Overlay is Needed
A currency overlay is designed primarily to mitigate the foreign currency impact on an individual investor's investment portfolio by offsetting the foreign exchange rate fluctuations or increased volatility when trading in foreign assets which are typically denominated in another country's currency. Since the free market serves as the major clearinghouse for the trading of currencies, it has been called upon many times to serve as a premier source of real asset allocation. Why is this? Because it offers a relatively low-risk way of diversifying an investor's portfolio. This is done by offsetting the foreign currency risk through the use of a currency overlay. The resulting effect of this technique is to create what is known as 'Forex hedging'.
It's not just about the money though there are other benefits to using a currency overlay as part of an investor's overall foreign currency risk management strategy. One of these benefits is the creation of what is called 'liquidity'. In simpler terms, it means that trades are easier to execute and settle because there is a consistent supply of buyers and sellers. By allowing investors to settle their transactions instantaneously rather than waiting for weeks, months, or even years, this technique can increase efficiency by orders of magnitude.
One other advantage is that it can help to create what is known as 'passive' hedge funds. A passive currency overlay strategy makes use of hedging techniques that do not require the active participation of the investor. These strategies make use of positions that are not actively managed, but rather sit in the background as an added bonus. The primary motivation behind this is that it does not require the management of portfolio holdings. However, for hedgers who prefer to have a hand in the management of their portfolio, this can be a great bonus.
We've collected thousands of datapoints and written a guide to help you find the best Currency Overlay for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Currency Overlay Investment Platforms below.
Reputable Currency Overlay Checklist
There are a number of important factors to consider when picking an online Currency Overlay Investment Platforms trading brokerage.
- Check your Currency Overlay Investment Platforms broker has a history of at least 2 years.
- Check your Currency Overlay Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the Currency Overlay Investment Platforms broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Currency Overlay Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Currency Overlay Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Currency Overlay Investment Platforms can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Currency Overlay Investment Platforms.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Currency Overlay Investment Platforms.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Currency Overlay Investment Platforms of 2022 compared
Here are the top Currency Overlay Investment Platforms.
Compare Currency Overlay Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Currency Overlay Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Currency Overlay Investment Platforms that accept Currency Overlay Investment Platforms clients
| Broker |
IC Markets
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
Trading212
|
Plus500
|
EasyMarkets
|
| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
| Min Deposit | 200 | 10 | 1 | 100 | 5 | No minimum deposit | 200 | 100 | 1 | 100 | 100 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 3,500,000+ | 250,000+ | 89,000+ | 10,000+ | 15,000,000+ | 15,500+ | 142,500+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with roboforex |
Sign
Up with avatrade |
Sign
Up with xm |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with plus500 |
Sign
Up with easymarkets |
| Risk Warning | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | 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. | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk |
| Demo |
IC Markets Demo |
eToro Demo |
Roboforex Demo |
AvaTrade Demo |
XM Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
easyMarkets Demo |
| Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | 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, YE, ZW | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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 |
All Currency Overlay Investment Platforms in more detail
You can compare Currency Overlay 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 Currency Overlay Investment Platforms for 2022 article further below. You can see it now by clicking here
We have listed top Currency Overlay Investment Platforms below.
Currency Overlay Table of Contents
- Currency Overlay Explained
- 6 Factors to Consider when Choosing Currency Overlay
- Are Your Currency Overlay Trusted And Established?
- Are The Currency Overlay World Leading?
- What are the Currency Overlay Commissions and Fees?
- What are the Currency Overlay Funding and Withdrawl Methods?
- Find Currency Overlay with Round-the-clock support?
- Make sure the Currency Overlay Offer Comprehensive Trader resources?
- Why Currency Overlay needs to be regulated?
- Currency Overlay FAQ
- What are the best Currency Overlay Investment Platforms brokers?
- What is the best Currency Overlay Investment Platform broker?
- Related Currency Overlay Reviews
- Related Currency Overlay Alternatives
- Related Currency Overlay Comparisons
Currency Overlay Explained
Trading the financial markets with Currency Overlay when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Currency Overlay is the platform that a Currency Overlay offer.
Choose Currency Overlay that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Currency Overlay that you can rely on.
6 Factors to Consider when Choosing Currency Overlay
Follow these five rules for selecting a broker that's right for you:
Are Your Currency Overlay Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Currency Overlay 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 eToro.
eToro was established 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro 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
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
| Year Established | 2007 | 2007 | 2009 | 2006 | 2009 | 2002 | 2010 | 2005 |
| Head Office | Australia | Cyprus, UK | Cyprus | Ireland | Cyprus | Poland | Australia | Australia |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 3,500,000+ | 250,000+ | 89,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit eToro | Visit Roboforex | Visit AvaTrade | Visit XM | Visit XTB | Visit Pepperstone | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits |
Are The Currency Overlay World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 232 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
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 Currency Overlay is eToro. eToro Segregates clients funds and offers over 2000 instruments.
| Broker |
IC Markets
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
| Instruments Available | 232 | 2000 | 100 | 1250 | 1000 | 4000 | 1200 | 100 |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US | ZA, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | AF, AS, AQ, 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, YE, ZW | US, JP, NZ |
| Forex pairs offered | 65 | 50 | 35 | 55 | 55 | 57 | 70 | 60 |
| Forex pairs offered | 65 | 50 | 35 | 55 | 55 | 57 | 70 | 60 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes | No | Yes | Yes | Yes |
| Commodities Offered | 19 | 31 | 21 | 17 | 15 | 21 | 16 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 110 | 2042 | 0 | 1000 | 160 | 1696 | 1100 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Currency Overlay Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Currency Overlay broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Currency Overlay broker eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
| Min Deposit | 200 | 10 | 1 | 100 | 5 | 0 | 200 | 100 |
| Withdrawl Fees | No | Yes | Yes | No | No | varies | No | No |
| Inactivity Fees | No | Yes | No | No | Yes | Yes | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | Yes | No | No | No | Yes | Yes | Yes |
What are the Currency Overlay Funding and Withdrawal Methods?
When dealing with Currency Overlay having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
| 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 | No | Yes | Yes | Yes |
| Skrill | Yes | Yes | No | No | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Currency Overlay with Round-the-clock support?
Customer service is very important when dealing with Currency Overlay.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Currency Overlay customer support 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
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
eToro
|
Roboforex
|
AvaTrade
|
XM
|
XTB
|
Pepperstone
|
FP Markets
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | 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 | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese |
| Learn More | Visit IC Markets | Visit eToro | Visit Roboforex | Visit AvaTrade | Visit XM | Visit XTB | Visit Pepperstone | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits |
Make sure the Currency Overlay Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and eToro work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Currency Overlay needs to be regulated?
A regulated Currency Overlay broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Currency Overlay brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Currency Overlay List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
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, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, 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
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
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, MT5, 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