Top Discount Brokers for 2025
We found 11 online brokers that are appropriate for Trading Discount.
Best Discount Brokers Guide
Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - January 03, 2025
Discount Brokers
Discount brokers help execute orders at a reduced commission rate.
It's important to note that these brokers do not offer suggestions or advice regarding performance analysis or investment strategies.
Discount brokers are not full-service brokers, making them less suitable for beginners or those new to investing.
They primarily operate through online platforms, charging smaller commissions to traders with less capital.
Discount Brokerage
Recently, discount brokerage has become a common term in the financial world, best suited for experienced traders who do not require additional support like research, advice, and financial planning. Discount brokers charge lower fees and clients usually have minimal or no interaction with them.
Discount Brokerage Explained
A discount brokerage facilitates trading securities at a lower rate without providing additional services like buy/sell advice, financial planning, or research. It's important to note that discount brokerage differs from full-service brokerage.
Like traditional brokerages, discount brokerage firms must be registered with the Securities and Exchange Commission (SEC) and be members of the Securities Investor Protection Corp. and Financial Industry Regulatory Authority (FINRA).
Discount brokerage isn't limited to securities; it also serves insurance clients with one-off fees, making it cheaper than other insurance brokers. Additionally, discount brokerages are gaining popularity in the real estate industry.
Why Opt for Discount Brokers
One primary advantage of discount brokers is the execution of orders at lower costs. Most operate online, making them easy to find.
They are in demand as they perfectly suit traders with smaller capital.
Disadvantages of Discount Brokers
Discount brokers are ideal for experienced traders who need little or no advice regarding trading.
Beginners needing investment advice should not opt for discount brokers and should instead seek a full-service broker for their trading needs.
Discount brokers don't offer personal consultations, tax planning, research, analysis, estate planning, or other advice.
How Discount Brokers Offer Low Commission
Discount brokers can offer reduced commissions or fees due to lower overhead expenses.
They usually operate online and don't require physical office space, needing fewer human resources to run their business.
Examples of Discount Brokerages
Let's understand the benefits of a discount brokerage through an example. Suppose an experienced trader wants to buy mutual funds and stocks without paying high fees or commissions to a broker. They might contact an online discount brokerage registered with the necessary regulatory authorities, offering a mobile app for trading on the go.
As an experienced trader, they rely on the brokerage's database and available guidance on the website or app. The trader selects the discount brokerage and trades mutual funds using the broker's platform, resulting in low trading costs and a fuss-free process.
Discount Brokers vs Full-Service Brokers
Full-service brokers provide useful information and suggestions in addition to executing orders for clients. They support traders with financial planning, performance analysis, tax planning, and more, making them perfect for beginners or high-volume traders.
In contrast, discount brokers do not provide personal consultations to clients. They are best for experienced traders who know their financial goals and are well-informed about the market, allowing them to save money by paying lower fees or commissions.
Understanding whether one needs a discount brokerage or a full-service brokerage is crucial. Generally, experienced traders should opt for discount brokerages, while beginners or novice traders should rely on full-service brokerages. The primary difference between the two is that discount brokerages offer no additional services beyond providing a trading platform, whereas full-service brokerages offer investment knowledge, financial goal planning, and more.
Overall, traders are advised to opt for a full-service brokerage for professional investment advice, despite the higher fees or commissions, as it can lead to better profits.
Discount Brokerage in Other Industries
Discount brokerage has gained immense popularity and is not limited to securities. It thrives in the real estate segment, helping investors and individuals buy and sell properties. Often, full-service real estate agents and discount brokerages offer the same home listings, making it more cost-effective to use a discount brokerage.
Discount brokerage has also spread to the insurance industry, allowing individuals to buy insurance products without professional financial advice.
Main Characteristics of a Discount Brokerage
- Discount brokerages provide no advice or analysis to clients.
- Discount brokerages simply execute orders on behalf of the clients.
- Small investors find discount brokerages advantageous for exploring financial markets.
Traders need to decide whether they require full-service brokers or discount brokers for their trading needs.
Discount Brokers in Several Industries
Discount brokers are gaining popularity in various industries, including real estate, where they minimize costs for buyers and sellers who know what they want and do not require advice.
Discount Brokers Verdict
Discount brokers function similarly to stockbrokers but offer services at a discount or reduced commission without providing expert advice or investment planning. Despite the limited services, discount brokerages are growing in popularity among traders.
However, it's important to understand that trading without proper knowledge can be risky, which is why beginners and novice traders are recommended to use full-service brokers instead of discount brokers.
Fees or commissions can significantly reduce profits, especially with frequent trading. Therefore, experienced traders often prefer discount brokers to reduce high trading expenses.
Novice traders with small capital may be uncertain whether to choose a discount or full-service broker. Choosing a discount broker without sufficient market knowledge poses risks, while using a full-service broker can result in higher commissions or fees. Novice traders should assess their skills and conduct thorough research to resolve this dilemma.
We have conducted extensive research and analysis on over multiple data points on Discount Brokers to present you with a comprehensive guide that can help you find the most suitable Discount Brokers. Below we shortlist what we think are the best discount brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Discount Brokers.
Reputable Discount Brokers Checklist
Selecting a reliable and reputable online Discount trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Discount more confidently.
Selecting the right online Discount trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Discount broker has a solid track record of at least two years in the industry.
- Verify that the Discount broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Discount broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Discount broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Discount brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Discount broker can hire staff from diverse locations worldwide who can communicate fluently 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.
Compare Key Features of Discount Brokers in Our Brokerage Comparison Table
When choosing a broker for discount trading, it's essential to compare the different options available to you. Our discount brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each discount broker.
- The funding methods available for discount with each broker.
- The types of instruments you can trade with each discount broker, such as forex, stocks, commodities, and indices.
- The trading platforms each discount broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each discount broker affects the cost of trading.
- The level of customer support each discount broker offers, including their availability, responsiveness, and quality of service.
- Whether each discount broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a discount broker that best suits your needs and preferences for discount. Our discount broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Discount Brokers of 2025 compared
Here are the top Discount Brokers.
Compare discount brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a discount broker, it's crucial to compare several factors to choose the right one for your discount needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are discount brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more discount brokers that accept discount clients.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
ThinkMarkets
|
Trading212
|
Forex.com
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | FCA (Financial Conduct Authority) (609146), ASIC (Australian Securities and Investments Commission) (541122), FSC (Financial Supervision Commission, Bulgaria) (RG-03-0237), CySEC (Cyprus Securities and Exchange Commission) (398/21) | CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD |
| Min Deposit | 200 | 50 | No minimum deposit | No minimum deposit | 100 | 100 | No minimum deposit | 100 | 50 | 1 | 100 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| Used By | 200,000+ | 35,000,000+ | 1,000,000+ | 400,000+ | 400,000+ | 200,000+ | 60,000+ | 7,800,000+ | 450,000+ | 3,000,000+ | 454,000+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView |
| Support |
|
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with thinkmarkets |
Sign
Up with trading212 |
Sign
Up with forexcom |
| Risk Warning | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 80% 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. |
| Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
SpreadEx Demo |
FxPro Demo |
ThinkMarkets Demo |
Trading 212 Demo |
Forex.com Demo |
| Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, TR | US, CA, IR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | US, CA | BE |
All Discount brokers in more detail
You can compare Discount 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 Discount Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Discount brokers below.
Discount Brokers Table of Contents
- Discount Brokers Explained
- 6 Factors to Consider when Choosing Discount Brokers
- Are Your Discount Brokers Trusted And Established?
- Are The Discount Brokers World Leading?
- What are the Discount Brokers Commissions and Fees?
- What are the Discount Brokers Funding and Withdrawl Methods?
- Find Discount Brokers with Round-the-clock support?
- Make sure the Discount Brokers Offer Comprehensive Trader resources?
- Why Discount Brokers needs to be regulated?
- Discount Brokers FAQ
- What are the best Discount brokers?
- What is the best Discount broker?
- Related Discount Brokers Reviews
- Related Discount Brokers Alternatives
- Related Discount Brokers Comparisons
Discount Brokers Explained
Trading volatile financial markets with Discount Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Discount Brokers to ensure a successful trading experience.
Selecting Discount Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Discount markets effectively.
Reliability is key to gaining access to financial markets. Look for Discount Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Discount Brokers confidently.
6 Factors to Consider when Choosing Discount Brokers
Follow these five rules for selecting Discount Brokers that are right for you:
Are Your Discount Brokers Trusted And Established?
Search for a reputable Discount Brokers with a extensive proven track record for Discount, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Discount broker is IC Markets. Established in 2007, and in operation for 18 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 Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
Another top rated broker is eToro.
eToro was established 2007, and in operation for 18 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2007 | 2002 | 2010 | 2006 | 2005 | 1999 | 2006 |
| Head Office | Australia | Cyprus, UK | Poland | Australia | Ireland | Australia | UK | UK |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
| Used By | 200,000+ | 35,000,000+ | 1,000,000+ | 400,000+ | 400,000+ | 200,000+ | 60,000+ | 7,800,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | Yes | No | No | No | No |
| Learn More | Visit IC Markets | Visit eToro | Visit XTB | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit SpreadEx | Visit FxPro |
| Risk Warning | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Are The Discount Brokers World Leading?
Opt for Discount Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
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 Discount Brokers is eToro. eToro Segregates clients funds and offers over 6000 instruments.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 6000 | 6000 | 1200 | 1000 | 10000 | 10000 | 2100 |
| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
| Excluded Countries | US, IR, CA, NZ, JP | 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, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | 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, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | US, CA, IR |
| Forex pairs offered | 61 | 50 | 57 | 70 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 50 | 57 | 70 | 55 | 70 | 55 | 70 |
| 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 | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 31 | 21 | 16 | 17 | 18 | 16 | 30 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 2042 | 1696 | 1100 | 1000 | 10000 | 1000 | 1700 |
| 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 Discount Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Discount broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Discount broker eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. eToro minimum deposit is 50. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 50 | 0 | 0 | 100 | 100 | 0 | 100 |
| Withdrawl Fees | No | Yes | Yes | No | No | No | No | No |
| Inactivity Fees | No | Yes | Yes | No | Yes | No | No | Yes |
| Deposit Fees | No | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | Yes | Yes | Yes | No | Yes | No | charge commissions on cTrader only |
What are the Discount Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Discount Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Discount Brokers.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | Yes | Yes | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
Find Discount Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Discount Brokers.
Discount Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Discount Brokers 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
|
XTB
|
Pepperstone
|
AvaTrade
|
FP Markets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | 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 | 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 | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese, Greek, Malaysian, Thai, Turkish, Romanian, Czech, Slovak |
| Learn More | Visit IC Markets | Visit eToro | Visit XTB | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit SpreadEx | Visit FxPro |
| Risk Warning | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Make sure the Discount Brokers Offer Comprehensive Trader resources?
It's important to ensure your Discount Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and eToro collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Discount Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Discount Brokers.
Why Discount Brokers needs to be regulated?
Regulated Discount Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Discount Brokers.
Consumers are protected by Discount Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Discount Brokers is necessary to prevent fraud. The Discount Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Discount Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Discount Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading CentralCustomer 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, WebCustomer 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, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)Customer 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, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)Customer 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, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)Customer 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, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)Customer 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, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingViewCustomer 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, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play)Customer 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, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingViewCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits