Forex trading Bots for 2020

We found 11 online brokers that are appropriate for Trading Brokers.

Forex trading Bots Guide



Forex Trading Bots

Forex trading bots are specialized software programs which are based on conditional mathematical algorithms to help traders obtain trading signals and in some cases also act on the signals. The latter version of Forex trading bots are more sought after and used in today’s trading environments.

However, before we move ahead with understanding Forex trading bots it is important to take note that trading robots are not a one-stop solution. Success in trading requires various tools and understanding. Forex trading bots are just a part of the whole.

Having programs or software like Forex trading bots simply makes hard repetitive trading tasks easier and this can be really tempting to investors but it is true that constant human supervision and tweaking is required to make money.

It is a much-debated topic whether Forex trading bots really work. People keep on asking whether Forex trading bots can help to make a profit independently. Many experts argue no automation can make money without regular monitoring of trends and markets by the trader. Automation fails to handle some tradessuccessfully when the market is volatile. This is because unexplained events may go against the bots programming.

Forex Robots Are Not Get Rich Quick Schemes

Forex trading bots are gradually becoming important and new traders believe they can earn a fortune. But this is half-true. Forex trading bots can help traders to make a profit but cannot make money without human intervention. Industry experts suggest even some of the best Forex trading bots have no guarantees.

To many, it may sound tempting that Forex trading bots or the so-called robots can do all the trading work and one may scoop up the profits. However, it has to be realized that automation does not work in such a way. Automation works differently and not as claimed by brokers or individuals who try to sell such systems to traders with false promises.

What are Forex Trading Bots?

Forex trading bots are dedicated programs or software which use mathematical algorithms to generate trading signals. Some of the bots or software pass on the signals to traders while others offer something extra. These can also act on the signals. The second version is more useful and hence some call it a robot.

It sounds great to know that a program or software can do all the hard work and one can enjoy their personal life without bothering much about the trading part. They may scoop up the earned money whenever they like.

However, many contradict whether automation really works unlike some of the peddlers who claim that Forex trading bots are simply a “set-up-and-forget” product and an automated system to make money.

Experts meanwhile urge not to completely rely on Forex trading bots but supervise the trading and update the systems with constant tweaking.

How Forex Trading Bots Work

There are two important factors to consider when understanding how Forex trading bots work and these are Expert Advisors and Limitations.

Expert Advisors (EAs) Bots

One of the worlds most popular trading platforms is MetaTrader 4 or MT4. It also serves as the home to EAs, which is a program that uses numerous technical indicators and scripts to deliver trading signals to traders. Most of the EAs act on the signals and find trading opportunities. The language used to build EAs on MT4 is MQL4, which is the MetaQuotes Language V.4.

Programmers who can make the best and vibrant EAs sell the software to traders and brokers. Good EAs are sold at a better price.

EAs are robots and mainly implemented in the popular MT4 trading platform. These uses a variety of technical indicators as well as custom scripts to deliver the trading signals. Any developer can code these directly on the MT4 platform. The language used is MQL 4.

The best coded ones are sold and bought by programmers and traders respectively.

MetaTrader 4 uses robots called Expert Advisors that uses various custom scripts and technical indicators to reveal trading signals and act on those. Using the platform any trader can code it. The EAs that performs best are even bought and sold by programmers and traders.

Limitations

It is true that any kind of automation only works within a predefined range. In addition to this, a perfectly defined trend further supports the work of the software. But automated trading usually profits to a couple of pips if the predefined conditions are correct.

Forex trading bots have limitations. Within a tight range, these are good and work somewhat perfectly depending on the parameters they were coded too. Automation can help to profit just a few pips if the market conditions are favorable. These may not be able to handle large price swings.

However, if large price swngs happen, the trade can wipe out the profits. The trade may not work as expected or calculated.

It is necessary to understand that the income can be consumed by negative trends.

Do Forex Trading Bots Work?

Yes, Forex trading bots work, but the software has some limitations. The software cannot be completely relied on. Always keep in mind that the idea of bots doing everything needs to be dropped.

Creating Forex trading bots is not easy. A lot of effort and time are required to build a program. Variables are used to make it and the exercise is not easy.

This is the reason something like a free trading robot becomes implausible and it actually working seems unimpressive in reality. Many traders believe such automated Forex trading bots are not reliable and can easily result in financial loss.

However, let us have a look why it is being used by many and how to become successful using Forex trading bots.

Do Free Forex Trading Bots work?

Creating Forex trading bots is not easy. It is a tough job and programmers need to spend countless hours coding the software. So, the idea of free bots is implausible. It is not realistic if a broker lures a clientoffering free Forex trading bots with the suggestion of profits.

It is necessary to have a look at the feedback before buying any software for your trading needs.

Bots Trading Experience

Several Forex trading bots traders do their best in discrediting their rivals. It’s like the Wild West and traders are seldom winners after purchasing trading bot software.

So, the question arises which traders are to be trusted while buying Forex trading bots. Experts suggest reading the reviews of users before buying. Also ensure that the reviews are not paid or fake.

A genuine bot needs several user inputs and is supposed to take over the repetitive workload of the trader. It is to always understand that the bot cannot be smarter than a trader.

The Forex trading bots are bought and sold among programmers and traders. There are several peddlers in the trading of bots and hence the software is competitive. Hence, it is suggested to buy based on feedback of users. It is essential to ensure the reviews are genuine and not paid ones.

Genuine Forex trading bots require a couple of user inputs and it can just shoulder some of the workloads. Bots can never be smarter than a trader who has better knowledge and experience of the market.

If a trader is looking for Forex trading bots that can handle all the work and help in making money, they could be disappointed.

Forex Trading Bots Strategy

A trader can set the trading bots to their level to best to execute their investment vision, but traders needs to keep an eye on it. A trader should always still monitor the fundamentals and the market and you will always need to tweak the settings on a regular basis. Do note that the Forex trading bots which claim to set and then forget are scams.

So, the bottom line can be understood this way that one should not expect much from Forex trading bots and lot of work is needed to be done to get success in trading.

Forex Trading Bots Scam

The Forex trading bots business is mostly equipped with scams and it seems the same scenarios will continue. Now let us understand when to suspect the systems to be trading bot scams:

Forex Trading Bots Pros and Cons

Forex trading bots have some advantages and if a trader builds up a strategy based on repetitive mechanical tasks, he or she may find use with a trading bot. If your trading involves mechanical repetitive work the use of automation has a benefit.

The Forex trading bots cannot build up strategies and hence cannot adapt to the changing conditions of the market. To become successful one needs skill and an analytical approach to trading.

Forex trading bots only work on technical analysis and this may not always go with your investment strategy in trading.

Forex Trading Bots Verdict

This is the world of technology and software. Traders should use this in their trading. However, biased use may not always help to succeed, and this is the reason close monitoring of the market is needed. We just talked about Forex trading bots and tried to comprehend the pros and cons.

People who are new to trading usually get trapped by traders who try to scam investors. It is suggested not to believe in the claims of software sellers, but read reviews and feedback to know what exactly is being offered.

It is again repeated here that no bot or automation can guarantee success. Hence it is important to keep an eye on the trades, build up strategies and make changes in the trading parameters. A blind belief in software programs may sometimes ruin the investment. It may wipe off the hard-earned money that is invested in financial markets to build up wealth.

Trading bots may never handle all the work of a trader but can help in shouldering some of the workload.

Making money is not easy and requires constant monitoring of the market as well as trade. No bots can monitor the market independently. Moreover, a regular update of the trading strategy is required that needs to be based on the trend and data analysis.

We just discussed Forex trading bots and can conclude that human brains are superior to automated trading robots. Understand the risks before trading and do not trade blindly. Understand what you are doing and every tool you use must benefit your strategy.

We've collected thousands of datapoints and written a guide to help you find the best Forex trading Bots 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 Brokers below. You can go straight to the broker list here.

Reputable Forex trading Bots Checklist

There are a number of important factors to consider when picking an online Brokers 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 Brokers.

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

Top 15 Brokers of 2020 compared

Here are the top Brokers.

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

All brokers below are Brokers. Learn more about what they offer below.

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

Broker eToro IC Markets XTB FP Markets City Index Trading212 Plus500 Pepperstone EasyMarkets XM FXPrimus
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) 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) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 200 200 No minimum deposit 100 25 1 100 200 100 5 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 60,000+ 250,000+ 10,000+ 14,000+ 14,000,000+ 15,500+ 10,000+ 142,500+ 70,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • 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
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo 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
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic 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 MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, 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
icmarkets
Sign Up with
xtb
Sign Up with
fpmarkets
Sign Up with
cityindex
Sign Up with
trading212
Sign Up with
plus500
Sign Up with
pepperstone
Sign Up with
easymarkets
Sign Up with
xm
Sign Up with
fxprimus
Risk Warning 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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 75% of retail investor accounts lose money when trading CFDs with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 76.4% 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. 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 Your capital is at risk Losses can exceed deposits
Demo eToro
Demo
IC Markets
Demo
XTB
Demo
FP Markets
Demo
City Index
Demo
Trading 212
Demo
Plus500
Demo
Pepperstone
Demo
easyMarkets
Demo
XM
Demo
FXPrimus
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, 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 US, JP, NZ US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW US MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE BR, KR, IR, IQ, SY, JP, US US US, CA, IL, KR, IR, MM, CU, SD, SY AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.

All Brokers in more detail

You can compare 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 Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Brokers below.

Forex trading Bots List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 71% 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)

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)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

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. 82% 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

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)
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)
City Index
(4/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

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 Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices

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), Financial Supervision Commission (FSC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 76.4% 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 0 Commissions 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
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ 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), 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
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

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)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ 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)
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)