Best Fsa Brokers Guide
Updated April 20, 2021
FMA Brokers
Traders looking to invest in the New Zealand financial markets should deal with only FMA brokers as they are well regulated and transparency is maintained.
FMA brokers are highly professional and act in the interest of clients.
FMA is an abbreviation of the Financial Markets Authority.
The FMA regulates the New Zealand capital and financial markets under the 2013 FMC Act.
It oversees the activities of FMA brokers, building confidence among traders to invest in the financial markets of New Zealand.
The independent agency was founded in 2011 and prior to it the market was regulated by the Securities Commission of New Zealand.
The shift was due to poor market performance, failure of finance companies and undermined public confidence.
In 2008 New Zealand faced a major economic downturn.
It was a part of the global crisis. The economy deteriorated drastically due to several destabilizing economic factors like weaker trading, local drought, poor production conditions and also the global financial crisis.
New Zealand's economy started reviving in 2010 but the growth was just modest.
To rebuild confidence among traders FMA was formed and its regulatory framework was further strengthened after 2013 when the Financial Markets Conduct Act was passed.
FMA Objectives
The Strategic Risk Outlook 2017 identifies below mentioned objectives of FMA:
- Governance and culture
- Sales and advice
- Capital market integrity and growth
- Investor decision making
- Effective front line regulators
- Conflicted conduct
- Efficiency and effectiveness of FMA
The risk management framework of FMA is reviewed from time to time by the leadership team. The process is overseen by the Audit and Risk Committee.
As a whole, all these lead to good regulation of FMA brokers, transparent financial market and safety of investors.
FMA and Trading Industry
The FMC Act covers debt securities, equity securities, derivatives and other financial products.
All the CFD and Forex brokers operate under its legislation and need to get an FMA license.
The licensing process is not easy and the applicants need to meet certain strict requirements.
Why deal with FMA Brokers
The most important advantage of why to deal only with FMA brokers in New Zealand is their stringent standards regulated by the agency.
The safety of clients is a priority. They keep the deal transparent and help traders to invest in New Zealand with confidence.
All the FMA brokers are asked to follow sound business practices. Penalties are applied if the practice is not followed.
Broker licenses may be frozen or withdrawn if they fail to comply. If brokers are applying for registration without abiding by it, they may not be granted a license.
In brief, the FMA provides peace of mind and confidence among the investors. Hence, dealing with unregulated brokers means deprived of all these.
FMA Brokers Verdict
In recent years several regulatory reforms have taken place in New Zealand and one of those is the establishment of a regulatory body.
FMA was founded in 2011 and since then the country’s financial market has grown several fold. Traders feel comfortable dealing with FMA brokers while investing money in financial products.
We've collected thousands of datapoints and written a guide to help you find the best Fsa Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best fsa brokers below. You can go straight to the broker list here.
Reputable Fsa Brokers Checklist
There are a number of important factors to consider when picking an online Fsa trading brokerage.
- Check your Fsa broker has a history of at least 2 years.
- Check your Fsa broker has a reasonable sized customer support of at least 15.
- Does the Fsa broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Fsa broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Fsa broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Fsa can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Fsa Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Fsa Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Fsa Brokers of 2021 compared
Here are the top Fsa Brokers.
Compare Fsa Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are fsa brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more fsa brokers that accept fsa clients
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Rating | ||||||
| Regulation | 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), Financial Sector Conduct Authority (FSCA), Markets In Financial Instruments Directive (MiFID), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF Global Markets (South Africa) (Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835), Financial Services Authority Seychelles (FSA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Australian Securities and Investments Commission (ASIC) | Unregulated |
| Min Deposit | 100 | No minimum deposit | No minimum deposit | 200 | 50 | 1 |
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| Used By | 15,500+ | 500,000+ | 239,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | Web Trader, Binary, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | |
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| Learn More |
Sign
Up with plus500 |
Sign
Up with thinkmarkets |
Sign
Up with ig |
Sign
Up with cmcmarkets |
Sign
Up with bostonmerchantfinancial |
Sign
Up with directfxlimited |
| Risk Warning | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.50% 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 | Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
| Demo |
Plus500 Demo |
ThinkMarkets Demo |
IG Demo |
CMC Markets Demo |
Boston Merchant Financial Demo |
Direct FX Limited Demo |
| Excluded Countries | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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, BE, FR, IN, IL, PL, ZW | US | US |
All Fsa brokers in more detail
You can compare Fsa 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 Fsa Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Fsa brokers below.
Fsa Brokers Table of Contents
- Fsa Brokers Explained
- 6 Factors to Consider when Choosing Fsa Brokers
- Are Your Fsa Brokers Trusted And Established?
- Are The Fsa Brokers World Leading?
- What are the Fsa Brokers Commissions and Fees?
- What are the Fsa Brokers Funding and Withdrawl Methods?
- Find Fsa Brokers with Round-the-clock support?
- Make sure the Fsa Brokers Offer Comprehensive Trader resources?
- Why do Fsa Brokers need to be regulated?
- Fsa Brokers FAQ
- What are the best Fsa brokers?
- What is the best Fsa broker?
- Related Fsa Brokers Reviews
- Related Fsa Brokers Alternatives
- Related Fsa Brokers Comparisons
Fsa Brokers Explained
Trading the financial markets with Fsa Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Fsa Brokers is the platform that a Fsa Brokers offer.
Choose Fsa Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Fsa Brokers that you can rely on.
6 Factors to Consider when Choosing Fsa Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Fsa Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Fsa broker is Plus500. Established in 2008, and in operation for 11 years Plus500 have a head office in Israel.
Plus500 is regulated. This means Plus500 are supervised by and is checked for conduct 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 regulatory bodies.
Another top rated broker is ThinkMarkets.
ThinkMarkets was established 2010, and in operation for 11 years ThinkMarkets have a head office in London and Australia.
ThinkMarkets is regulated. This means ThinkMarkets are supervised by and is checked for conduct 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 regulatory bodies.
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Year Established | 2008 | 2010 | 1974 | 1989 | 1988 | 2006 |
| Head Office | Israel | London and Australia | UK | UK | Dubai | New Zealand |
| Regulation | 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), Financial Sector Conduct Authority (FSCA), Markets In Financial Instruments Directive (MiFID), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF Global Markets (South Africa) (Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835), Financial Services Authority Seychelles (FSA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Australian Securities and Investments Commission (ASIC) | Unregulated |
| Used By | 15,500+ | 500,000+ | 239,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | No | No | |
| Guaranteed Stop Loss | No | No | Yes | Yes | Yes | |
| Learn More | Visit Plus500 | Visit ThinkMarkets | Visit IG | Visit CMC Markets | Visit Boston Merchant Financial | Visit Direct FX Limited |
| Risk Warning | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.50% 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 | Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
Are The Fsa Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Plus500 Only provides CFDs and offers over 2500 instruments. Plus500 offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, Plus500 supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. Plus500 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 Fsa Brokers is ThinkMarkets . ThinkMarkets Segregates clients funds and offers over 1200 instruments.
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Instruments Available | 2500 | 1200 | 17000 | 9300 | 100 | 50 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | Web Trader, Binary, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | |
| Excluded Countries | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, CAN, JP, FR, BEL | US, BE, FR, IN, IL, PL, ZW | US | US | |
| Forex pairs offered | 100 | 40 | 100 | 35 | 25 | |
| Forex pairs offered | 100 | 40 | 100 | 35 | 25 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | |
| Minor forex pairs | Yes | Yes | Yes | Yes | No | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | No | |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | No | No | |
| Commodities Offered | 17 | 10 | 34 | 0 | 2 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | |
| Energies | Yes | Yes | Yes | Yes | Yes | |
| Agricultural | Yes | No | Yes | Yes | Yes | |
| Stocks Offered | 1816 | 1200 | 8000 | 9000 | 37 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | |
| US Shares | Yes | Yes | Yes | Yes | Yes | |
| German Shares | Yes | Yes | Yes | Yes | Yes | |
| Japanese Shares | Yes | Yes | Yes | No | Yes |
What are the Fsa Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Fsa broker Plus500 offers competitive offers for CFDs. Plus500 minimum deposit is 100.
Another top rated Fsa broker ThinkMarkets offers Forex, CFDs. ThinkMarkets minimum deposit is 0. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Min Deposit | 100 | 0 | 0 | 200 | 50 | 1 |
| Withdrawl Fees | No | No | No | Varies | No | |
| Inactivity Fees | Yes | No | Yes | Yes | No | |
| Deposit Fees | No | skrill 2%, neteller 2% | Varies | Varies | No | |
| CFD Commission Fees | No | No | Yes (0.1%) | Yes, 0.10% | No |
What are the Fsa Brokers Funding and Withdrawal Methods?
When dealing with Fsa Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | |
| Paypal | Yes | No | Yes | No | No | |
| Skrill | Yes | Yes | No | No | Yes | |
| Payoneer | No | No | Yes | Yes | ||
| Neteller | No | Yes | No | No | Yes |
Find Fsa Brokers with Round-the-clock support?
Customer service is very important when dealing with Fsa Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Fsa Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
Plus500 support a wide range of languages including English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
ThinkMarkets support a wide range of languages including English, Spanish, Portuguese, Italian, French, Vietnamese, Thai, Chinese, Japanese, Arabic
Plus500 and ThinkMarkets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
Plus500
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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| Support |
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| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Spanish, Portuguese, Italian, French, Vietnamese, Thai, Chinese, Japanese, Arabic | English, French, German, Spanish, and Portuguese | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Russian, Chinese, Arabic, Spanish | |
| Learn More | Visit Plus500 | Visit ThinkMarkets | Visit IG | Visit CMC Markets | Visit Boston Merchant Financial | Visit Direct FX Limited |
| Risk Warning | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.50% 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 | Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
Make sure the Fsa Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, Plus500 and ThinkMarkets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Fsa Brokers need to be regulated?
A regulated Fsa broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Fsa brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Fsa Brokers List
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Binary, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account