Best Depth Of Market Brokers Guide
Depth of Market Brokers
The term Depth of Market (DOM) in Forex trading refers to an indication of a markets liquidity based on number of open buy sell orders.
Based on the number of open orders at each price the depth of the market can be measured. Higher open orders indicates greater market depth.
A good DOM means good liquidity of a currency pair while a low DOM refers to less liquidity.
Depth of Market brokers are brokers who offer depth of market data.
Their platforms or software display information to help traders take advantage of the liquidity of a particular currency.
With DOM data, traders get an indication of when to liquidate their positions.
Data offered by the so-called depth of market brokers also includes pending orders. Apart from bid and ask prices, it also shows in real-time the volume of all the bids and offers.
The data is sometimes called an order book as it reveals the number of pending orders below and above the current price.
With the help of depth of market broker data, you can also check the activity of a currency to know whether enough depth is available and the volume seems to complement trading at a certain times.
Depth of Market Representation
- Depth of market is an electronic data log carrying open buy and sell orders sorted by price.
- The data is displayed in real-time so that the current activity is reflected.
- Depth of market brokers charges certain fee against the data they offer as it helps traders to make a profit in short-term.
Why Depth of Market Matters
With the help of the depth of market data, traders have a greater understanding of whether it is time to buy or sell in Forex trading.
If the buy orders are more than that of sell orders, the price may increase.
Price may weaken if sell orders are more than buy orders.
The data helps traders to know the entry and exit points.
Depth of Market Brokers Verdict
Traders are suggested to invest enough time in learning the data provided by the depth of market brokers.
Understand how DOM works and know the indications revealed by it on market conditions.
A study on it can help you to know the volume that can be traded.
It is strongly recommended to only deal with such depth of market brokers who are well regulated and holds a good reputation among clients.
We've collected thousands of datapoints and written a guide to help you find the best Depth Of Market Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best depth of market brokers below. You can go straight to the broker list here.
Reputable Depth Of Market Brokers Checklist
There are a number of important factors to consider when picking an online Depth Of Market trading brokerage.
- Check your Depth Of Market broker has a history of at least 2 years.
- Check your Depth Of Market broker has a reasonable sized customer support of at least 15.
- Does the Depth Of Market 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 Depth Of Market broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Depth Of Market broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Depth Of Market broker 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 Depth Of Market Brokers.
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 Depth Of Market Brokers.
- 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 Depth Of Market Brokers of 2020 compared
Here are the top Depth Of Market Brokers.
Compare Depth Of Market Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are depth of market brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more depth of market brokers that accept depth of market clients
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
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optionshouse
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e*trade
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choicetrade
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bittrex
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| Rating | ||||||||||
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC) | 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), Dubai Financial Services Authority (DFSA) | Unregulated | Financial Industry Regulatory Authority (FINRA) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Min Deposit | 200 | 200 | 1 | 5 | 100 | 100 | No minimum deposit | 100 | 250 | 100 |
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| Used By | 60,000+ | 10,000+ | 10,000+ | 30,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | MetaTrader 4, cTrader Platform |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with roboforex |
Sign
Up with octafx |
Sign
Up with fxpro |
Sign
Up with tradershome |
Sign
Up with optionshouse |
Sign
Up with etrade |
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Up with choicetrade |
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Up with bittrex |
| Risk Warning | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk |
| Demo |
IC Markets Demo |
Pepperstone Demo |
Roboforex Demo |
OctaFX Demo |
FXPro Demo |
TradersHome Demo |
OptionsHouse Demo |
ETRADE Demo |
ChoiceTrade Demo |
Bittrex 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 | BR, KR, IR, IQ, SY, JP, US | US, JP | US | US, IR, CA | UK,US |
All Depth of market brokers in more detail
You can compare Depth Of Market 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 Depth Of Market Brokers for 2020 article further below. You can see it now by clicking here
We have listed top Depth of market brokers below.
Depth Of Market Brokers Table of Contents
- Depth Of Market Brokers Explained
- 6 Factors to Consider when Choosing Depth Of Market Brokers
- Are Your Depth Of Market Brokers Trusted And Established?
- Are The Depth Of Market Brokers World Leading?
- What are the Depth Of Market Brokers Commissions and Fees?
- What are the Depth Of Market Brokers Funding and Withdrawl Methods?
- Find Depth Of Market Brokers with Round-the-clock support?
- Make sure the Depth Of Market Brokers Offer Comprehensive Trader resources?
- Why do Depth Of Market Brokers need to be regulated?
- Depth Of Market Brokers FAQ
- What are the best Depth of market brokers?
- What is the best Depth of market broker?
- Related Depth Of Market Brokers Reviews
- Related Depth Of Market Brokers Alternatives
- Related Depth Of Market Brokers Comparisons
Depth Of Market Brokers Explained
Trading the financial markets with Depth Of Market Brokers 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 Depth Of Market Brokers is the platform that a Depth Of Market Brokers offer.
Choose Depth Of Market Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Depth Of Market Brokers that you can rely on.
6 Factors to Consider when Choosing Depth Of Market Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Depth Of Market Brokers 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 Depth Of Market 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 Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Pepperstone.
Pepperstone was established 2010, and in operation for 8 years Pepperstone have a head office in Australia.
Pepperstone is regulated. This means Pepperstone are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
|
| Year Established | 2007 | 2010 | 2009 | 2011 | 2006 | 2008 |
| Head Office | Australia | Australia | Cyprus | St. Vincent and the Grenadines | UK | St. Vincent and the Grenadines |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC) | 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), Dubai Financial Services Authority (DFSA) | Unregulated |
| Used By | 60,000+ | 10,000+ | 10,000+ | 30,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | Yes | No | |
| Learn More | Visit IC Markets | Visit Pepperstone | Visit Roboforex | Visit OctaFX | Visit FXPro | Visit TradersHome |
| Risk Warning | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Are The Depth Of Market Brokers 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, IC Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. 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 Depth Of Market Brokers is Pepperstone . Pepperstone Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
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| Instruments Available | 232 | 100 | 100 | 250 | 232 | |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . |
| Excluded Countries | US | BR, KR, IR, IQ, SY, JP,US | US, JP | US | US, IR | |
| Forex pairs offered | 65 | 70 | 35 | 70 | ||
| Forex pairs offered | 65 | 70 | 35 | 70 | ||
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | No | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies | Yes | Yes | No | No | Yes | Yes |
| Commodities Offered | 19 | 16 | 0 | 0 | 10 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | No |
| Energies | Yes | Yes | No | Yes | Yes | No |
| Agricultural | Yes | No | No | No | Yes | No |
| Stocks Offered | 100 | 60 | 0 | 156 | ||
| UK Shares | No | No | No | No | Yes | Yes |
| US Shares | Yes | No | No | No | Yes | No |
| German Shares | Yes | Yes | No | Yes | Yes | No |
| Japanese Shares | Yes | No | No | Yes | Yes | No |
What are the Depth Of Market Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Depth Of Market broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Depth Of Market broker Pepperstone offers Forex, CFDs, Social Trading. Pepperstone minimum deposit is 200.
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
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| Min Deposit | 200 | 200 | 1 | 5 | 100 | 100 |
| Withdrawl Fees | No | No | Yes | No | No | varies |
| Inactivity Fees | No | Yes | No | No | Yes | |
| Deposit Fees | Varies | No | No | No | No | |
| CFD Commission Fees | Yes | Yes | No | No | charge commissions on cTrader only |
What are the Depth Of Market Brokers Funding and Withdrawal Methods?
When dealing with Depth Of Market Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | No |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | No | Yes | No |
| Skrill | Yes | Yes | No | No | Yes | Yes |
| Payoneer | Yes | Yes | No | No | ||
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Depth Of Market Brokers with Round-the-clock support?
Customer service is very important when dealing with Depth Of Market Brokers.
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.
Depth Of Market Brokers 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
Pepperstone support a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
IC Markets and Pepperstone offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Pepperstone
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Roboforex
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OctaFX
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FXPro
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tradershome
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| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |
| Learn More | Visit IC Markets | Visit Pepperstone | Visit Roboforex | Visit OctaFX | Visit FXPro | Visit TradersHome |
| Risk Warning | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Make sure the Depth Of Market Brokers 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 Pepperstone 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 do Depth Of Market Brokers need to be regulated?
A regulated Depth Of Market broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Depth Of Market 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.
Depth Of Market Brokers 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary .Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account