Digital Banking Explained for 2021

We found 11 online brokers that are appropriate for Trading Investment Platforms.

Digital Banking Explained Guide

Updated June 14, 2021

What Is Digital Banking?

Digital banking, simply put, is the digitalization of all of the conventional banking activities that were previously made available to customers when physically inside a brick-and-mortar financial institution. As technology progresses, consumers are offered much easier access to their mobile gadgets so they conveniently use their online banking services. Brick-and-mortar banks are not getting enough opportunities to expand anymore because of the rapidly progressing transformation of digital services are consumers are more attracted towards switching services for advanced digital features like mobile payments, applications for financial products, money transfers, account services, online bill payments, convenient loan applications, and quicker transfer speeds.

Banks nowadays are not just dependent on investments made on their brick-and-mortar locations anymore. This is because of the fact that more and more banks are beginning to see more growth in digital services as well as the fact that customers do not feel the need to visit banks physically that often anymore. Moving on to digital features, banks and other financial institutions are now making use of their investments to accommodate their younger clients who prefer to use modernized technology, therefore lengthening the lifespan of their banking organization.

Who Provides Digital Banking?

Digital banking can be found through two main sources, i.e., brick-and-mortar, otherwise known as financial institutions, and online banks. Neither source holds more importance than the other. It is only a matter of preference as some clients might find one option more suited to their needs than the other.

The Difference Between Digital And Online Banking

Predominantly the two terms are synonyms. However, online banking is defined a bit more carefully compared to digital banking. Online banking, to put it briefly, is mainly focused on remote deposits, bill pay, money transfers, and basic online account management. Other similar terms used for online banking happen to be virtual banking, e-banking, and the more commonly used: internet banking.

Therefore, online banking is more focused on digitizing the fundamental aspects of banking, on the other hand, digital banking includes digitizing every activity carried out by financial organizations and their clients.

The Benefits Of Digital Banking (For Customers)

While the pandemic may have enhanced the significance of digital banking, mobile and digital banking are not exactly new. Traditional banking methods i.e., visiting brick-and-mortar branches or ATM have not been that popular since last year. Banks, due to the pandemic, have either put curfews on their branch timings or closed them altogether. It is no surprise for banks to utilize their digital banking options, and they have been doing that throughout the past year.

When it comes to digital banking, banking on mobile apps through smartphones or banking via computer come to mind.

Digital banking has made banking a lot easier in many ways, some of the most popular listed below:

Added Convenience

The freedom to bank whenever, wherever, and however a person wants is one of the most salient benefits mobile and digital banking solutions. Computers and smartphones are usually already available, allowing for twenty-four-seven account access to handle all kinds of banking tasks swiftly.

Mobile banking apps, for example, allow users to deposit checks wherever they are without any hassle. Simultaneously, users can save a lot of time with online banking by checking their balance, setting up notification alerts if they overdraft their account, or transferring funds - all of these actions without physically having to visit a branch. Online banking also offers other long tail conveniences, like the freedom to go cashless.

With the introduction and popularization of online banking, paying with cash does not seem all that convenient anymore. Digital transactions are more secure in the sense that the user is not carrying cash, so there is no such fear of being robbed. They are also a lot better from a cleanliness point of view, especially considering covid-related concerns, because the user does not have to touch the funds they are transferring or receiving. Users can also electronically track what happens with their transactions. Online banking is a lot more efficient compared to conventional banking and allows for better fund management.

Helpful Features

Many kinds of mobile and online experiences offered by banks are abundant with features. Through this form of banking, banks can offer customized monetary advice, fund saving tools, and even virtual assistants to guide users on their expenditures. The most helpful features are usually those that guide users to compete basic everyday banking transactions.

For example, mobile check deposit has been the most helpful feature for users using their main banks’ mobile applications throughout the past year. To be able to look at statements as well as billing statements, pay bills and transfer money with a single tap are also at the top of the most helpful features offered.

The features that rank a bit lower value-wise are ones like peer-to-peer payments. Nonetheless, the ability to transfer funds in a matter of minutes to virtually anyone throughout one’s nation using a mobile banking application can come in extremely handy, and a majority of banks now provide this convenient feature. Finding ATMS nearby, withdrawing through ATMs without the need of a card at hand and budgeting and tracking options are other benefits that mobile apps might offer as well.

Users should not, however, look for banks based on the digital banking feature they offer. They instead should look for banks that offer a human touch despite having a digital approach. This creates the right balance between banks having a human element as well as automation.

Added Security

Security should be the number one priority for all financial institutions because without it, all the features offered are rendered useless.

Despite it being a virtual bank, security threats are everywhere, including within the bank branch. Luckily, a lot of banks make it convenient for users to take added security precautions. For instance, banks may allow their customers to add three-factor authentication to their mobile applications and digital bank accounts.

A majority of reputable banks now allow users add biometric authentication in order to log in safely. Some banks offer three different types of biometric sign in options, i.e., voice recognition, facial recognition, and fingerprint. Some banks might also regularly scan for risks automatically. Aside from that, some banking apps even ask for verification of they detect a sign-in from a new device. Generally, users are more secure than they believe, thanks to online banking.

According to reports, digital payments and online banking apps provide more security in a lot of cases compared to physical cards, giving more reason for more bank customers to switch over to online banking.

Users’ money is guaranteed insured at banks via the FDIC (otherwise Federal Deposit Insurance Corporation). Accounts insured by the FDIC get covered up to $250K – per bank, per account holder, for all account holding categories – in case a bank failure occurs. Most of the state-chartered and federal credit unions offer similar levels of security through the NCUA (or National Credit Union Administration). A majority of the risk is the responsibility of the financial organizations and not their customers.

Exclusive Control

For users to have full control over their finances with the freedom to self-serve is yet another noteworthy advantage of online banking, along with live access to manage as well as transfer money as users see necessary.

Unlike in-person banking, online banking applications and websites normally do not have restrictions on when users can execute banking tasks such as depositing checks or moving funds from one account to another.

The navigation of daily transactions is only getting easier in the sense that the advancement of technology is allowing the opportunity to be able to send and receive funds and to spend them in ways that seemed more difficult in the past.

Banks are now inching more towards advancing the features they offer their online banking platforms. Push notifications and automated savings tools for overdrafts and low balances are now more common than ever. Users can even choose to activate (or even deactivate) new credit or debit cards from their mobile applications.

With all this freedom regarding control, digital banking has only seen a way forward ever since its advent.

Advantages Extending Beyond Banking

Online banking provides users a plethora of notable benefits to make their lives a lot easier as well as let them handle their funds with more responsibility. On a much bigger scale, however, users can use this brand-new connectivity that they have in society to bring about social, economic, and financial change.

Online banking offers a much wider base of communication that can be utilized for things such as teaching monetary literacy.

Online banking is also offering a revolutionary way to find different communities as well as options personalized to every individual’s needs as banking clients.

The Challenges Associated With Digital Banking

Digital banking, no matter how convenient, does have its own fair share of drawbacks and challenges.

Risks Of Online Outages

Clients relying solely on online banking could be restricted from accessing their bank accounts if their chosen bank run into either an online or mobile application outage.

Difficulties Learning

Customers not as technologically advanced may have a hard time using their online or mobile banking apps. This could also lead to some irreversible mistakes on their part.

Security Issues

No matter how safe banks make online banking safe for their customers, there is always a chance for their username or passwords could get hacked. To tackle this, however, online banks try to follow the same degree of security precautions in order to reduce risk as a majority of brick-and-mortar banks do. These precautions include two-factor (or three) authentication, biometric, and facial or voice recognition.

The Advantages Of Digital Banking (For Banks)

Not only do bank customers benefit from online banking, but banks also happen to reap the benefits of moving to digital banking. Following are the advantages of digital banking for banks:

Reduction Of Costs

Reinvesting money into online services helps reduce operation costs for traditional banks. This, as a result, helps reduce labour costs, rent costs, maintenance for location, and other possible extra costs that come with operating brick-and-mortar banks.

Practicality

Online services run at extraordinarily effective rates. This is due to the fact that most services are carried out via secure servers, allowing for security, privacy, quick as well as well-organized services, and closely monitored transactions.

Promptness

When banks move into a digital space, their data transfers become quicker. This gives banks more time to work on more important aspects of the digital banking experience. This increase in speed also allows users to waste a lot less time on banking facilities and focus on more important tasks, using their time efficiently.

Noticeable Increase In Revenue

With added accessibility, this creates a much larger audience (and market) for services. This ultimately leads to the increase in revenue for the business. This way, financial organizations are able to provide their service to more customers and companies to aid in their increased demand.

Attracting And Retaining Customers

Clients are more prone to stay loyal to companies that make it their responsibility to innovate and adapt because then, there are less reasons for the customers to move on to a different company or service. With assets continuously being controlled and services being updated, clients are lured in by these features and then choose to stay loyal to the business because of them.

Always Ahead Of Competitors

Banks and other financial organizations, by being ahead of the competition, are able to foresee trends and retain clients that way. This also gives them the ability to stay more updated than their competitors to retain the customer base they already have. This way, they can bring in a bigger audience, helping them become leaders in their business.

Compliance With New Legislation

An ever-so-increasing number of guidelines and restrictions are issued with the progression of technology and services. Staying compliant with legislation helps banks as well as other financial businesses create fair systems updated with the latest regulations and rules.

We've collected thousands of datapoints and written a guide to help you find the best Digital Banking Explained 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 Investment Platforms below.

Reputable Digital Banking Explained Checklist

There are a number of important factors to consider when picking an online Investment Platforms trading brokerage.

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 Investment Platforms.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Investment Platforms of 2021 compared

Here are the top Investment Platforms.

Compare Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

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

You can scroll left and right on the comparison table below to see more Investment Platforms that accept Investment Platforms clients

Broker eToro AvaTrade IC Markets XTB Pepperstone XM FP Markets Plus500 FXPrimus EasyMarkets SpreadEx
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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) 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) 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 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA)
Min Deposit 200 250 200 No minimum deposit 200 5 100 100 100 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 200,000+ 180,000+ 250,000+ 89,000+ 3,500,000+ 10,000+ 15,500+ 10,000+ 142,500+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • 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
  • 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
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
avatrade
Sign Up with
icmarkets
Sign Up with
xtb
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
easymarkets
Sign Up with
spreadex
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. 72% of retail investor accounts lose money when trading CFDs with this provider 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. 79.3% 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 Your capital is at risk Losses can exceed deposits 72% 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. Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo eToro
Demo
AvaTrade
Demo
IC Markets
Demo
XTB
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Plus500
Demo
FXPrimus
Demo
easyMarkets
Demo
SpreadEx
Demo
Excluded Countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, US, PY, HN, GT, PR, NI, VG, AN, BE, BR, KP, NZ, TR, US, CA, SG 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 US, IN, PK, BD, NG , ID, BE, AU BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US US, TR

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 2021 article further below. You can see it now by clicking here

We have listed top Investment Platforms below.

Digital Banking Explained List

eToro
(4/5)
Min deposit : 200
eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
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, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ 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 Islamic account VIP account
Regulated by 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)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM 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 Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
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 Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 72% 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. Plus500 offers CFDs.


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 Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
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, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)