Interbank Forex for 2021

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

Interbank Forex Guide

Updated September 23, 2021

Interbank Forex

Interbank Forex is the top-level global Forex exchange on which numerous banks actually trade the different currencies instead of the buyers and sellers themselves. The banks are either dealing with each other directly, going through electronic brokerage platforms, or through direct interbank deals. This level of trading occurs in a 'gray market' setting, with no special rules and no legal agreements in place to settle trades. In this light, it is considered by many to be a more liquid financial market, allowing for faster trade execution and larger profit margins than other types of marketplaces.

The interbank FX market is the largest high-volume foreign exchange market on which banks can trade different currencies with each other. Banks can either interact with each other directly, via electronic interbank communication networks, or via electronic brokerages. When traders and institutions that trade on global interbank markets need to execute financial transactions, it is usually done through the banking systems of the various countries.

Interbank Forex trade is highly leveraged. In order to access the financial institutions that participate in the interbank market, a high amount of credit is required. Traders and institutions use their own proprietary information systems to facilitate interbank trading. This involves a large amount of capital that is used by the institution. Large amounts of cash are traded daily on the interbank market. Because of this consistent flow of cash, this market continues to operate 24 hours a day throughout the world.

An interbank Forex trader can make his money by purchasing and selling currencies from the banks that he does business with. The benefit of working with a smaller bank is that there is less exposure to risk. This type of trading arrangement allows the trader to benefit from the fluctuations of a larger financial institution if a trade goes badly. The smaller bank benefits because it reduces costs by not needing to financally maintain a large trading desk. The potential losses are therefore transferred to the interbank lender, reducing the cost.

Why Do Large Financial Institutions Participate in the Interbank Forex Market?

The reason that they participate is to provide liquidity to the market. When these institutions trade, they are in fact purchasing foreign currency that they would like to sell based on its current value. In order to provide the necessary funds to trade, these large financial institutions have to lend large amounts of money to other market participants, providing them with collateral in the form of foreign currency which they can then sell in the secondary market if and when the time comes.

Why do commercial banks participate in this interbank trading? For one, participating in this market gives them access to large amounts of capital without them having to put up collateral. Since most commercial bank investment portfolios are weighted towards safer investments, the availability of unsecured funding makes it easier and less costly for them to diversify and increase their portfolio size. In addition, most of these banks purchase foreign currency on the currency market because they want to take advantage of the opportunity to make higher profits than they would on a domestic exchange. By placing their investment portfolio in a larger basket of currencies, they are able to enjoy a much higher rate of return.

What is the Interbank Market?

If you have ever wondered what the interbank market is, then you have probably already heard of the term 'Forex'. However, there is a difference between Forex and the interbank Mmarket. Forex is an exchange of currencies from major financial centers around the world. The interbank market is simply the high-level global exchange on which banks actually trade with each other. The major banks may do so through electronic brokerages, or by working directly with each other.

When trading on the interbank market, your trades are processed through the banks that actually provide you with the services. While you are trading on the counter-bench mark, you are not actually buying and selling with real money, but instead with a particular currency. With that in mind, you are trading with future cash inflows, and not with actual cash that you are bringing home. When the exchange rates are in favour of the buyer, the seller has to make a sale to cover his own margin requirements. In order to cover his margin requirements, he may need to sell either the same currency that is currently being traded, or some other currency.

For Forex currency traders, understanding how the interbank market works is important if you are looking to make consistent profits. As mentioned earlier, it is very important for a trader to determine the interest rate before purchasing any currency, especially if you are just starting out in the Forex market. Many experienced traders have traded successfully using only a few indicators such as the MACD, which is an advanced method used for Forex trading. However, these methods can prove to be quite useful to those who are interested in trading on an international level too.

The Foreign Exchange market is the largest-level global exchange in which banks trade different foreign currencies. Banks that trade on the Forex market are typically large financial institutions and other large financial corporations. The banks may either trade with each other directly, or via electronic interbank brokering systems.

Money Management

One of the key components of successful Forex transactions is effective money management and trading strategies. This is especially true when dealing with tight bid-ask spreads. When trading on the interbank foreign exchange market, banks work with spreads, which are the differences between the asking price and the prevailing bid. For example, if a trader wants to buy US dollars and set a margin for the transaction, he will be obligated to pay for both the asking price and the amount of the margin in case of a loss on the currency transaction. In this situation, the trader has two options - either close his position before reaching his margin requirement or continue buying the currency pairs until his margin requirement is satisfied.

The Foreign Exchange market offers the potential for large profit margins, but it also has several disadvantages and high risk. To start with, foreign exchange trading takes place in a decentralised market. Unlike traditional stock exchanges, in which there is only one major exchange where every trade is listed. There are also numerous trade participants in the foreign currency market, with each participant having a unique opportunity and set of risks. It is not feasible for every investor to be able to ascertain the risk profile of each trade in real time.

Understanding the Foreign Exchange Interbank Market

Understanding the Foreign Exchange market (also known as Forex) can be the key to a successful career in currency trading. There are many different ways you can gain this understanding, but there are only a few that really stand out from the rest. It all revolves around liquidity. In the Forex market, the liquidity level of the market is crucial to successful trades and ultimately to securing profits. When you have an established relationship with one or a handful of central banks, you have a leg up on the competition because you know that liquidity is at your disposal. If you have even just one or two major banks making the majority of the trades, you will have less to worry about.

However, even the largest banks have limits to the amount of liquidity they can bring to the table. The interbank market for currency markets is very complex and because of how the larger banks regulate the information that they share with other traders, the liquidity that they provide to individual traders is limited. As smaller banks enter into more formal relationships with the larger ones, the limits to this type of trading will continue to diminish until there is no longer any need for banks to control the fire, so to speak.

Retail Investors

This understanding previously discussed would leave open the door for retail investors to play a bigger role in the Forex market. Retail investors are people that often make use of the Internet and have an interest in making trades on their own. By opening a free account and being held by a professional broker, you can circumvent the large amount of paperwork involved with most electronic transactions. You can also find out a great deal about what the going rate is for various currencies by doing some online research.

The interbank consists of a vast amount of foreign exchange trading and commercial monetary investments made by banks all over the world. It is considered to be one of the biggest trading markets for Forex and is worth billions of dollars per day. Traders, banks and other institutions are always engaged in the interbank Forex market. They do their business through traders, banks or their financial advisers. This is a perfect market place for any investor to enter in, trade, buy and sell any currencies. There are three types of interbank Forex market makers, namely the commercial banks, investment banks and brokers. These three types of institutions all have their own way of dealing with and conducting Forex trading.

The interbank money market trades in only one currency - the US dollar. Traders may buy or sell the currencies of different countries while following their relative strengths and risks in the global money markets. Most often, dealers use the GFL (Globally Funded Lending) or the ISX (International Securities Exchange) to trade in this market. Some of the largest banks in the world are members of the ISX.

Policy makers at national and international levels decide on the supply of foreign currency. Some of the main sources of foreign currency are interest rates, trade balances, and balance of payments. The main role of the central banks in the Forex markets is to maintain a consistent rate of interest in order to curb inflation. In addition, the central banks play an important role in determining the level of the base interest rate as well.

Decentralised Market

A market that has no central exchange to act as a clearinghouse or referee; often centralises the clearinghouse services by allowing interbank transfers. The market is also decentralised in the sense that there is not one 'exchange' in which all transactions are completed. The interbank Forex market typically includes primary dealers, who are large international banks who trade with a large portion of the Forex volume. Some other trading venues include futures markets, forward contracts and options.

In a decentralised market, the interaction of participants provides for greater liquidity, reduced cost and increased security. Because it does not have a single centralised exchange or clearinghouse, there is less capital (money) flowing through the system and this results in more secure transactions. This also provides opportunities for better risk control and fair price determination.

How does decentralised Forex trading differ from normal Forex trading? With a truly decentralised market, there are fewer 'rewards' or incentives that encourage a trader to transact. In a traditional Forex exchange, when a trader wins, they get instant cash and their opponent loses money. It is an open auction with all participants bidding against each other. With a market such as the Forex market, the rate may change from time to time but it is slow and inflexible. A trader must remain faithful to his or her trading strategy and not be influenced by market rumours.

Individual Forex Investors

One of the things that individual investors like about the retail sector is the lower transaction size. Retail investors are able to participate in lots of smaller trades because the number of transactions is so low. This is a good thing for someone new to Forex. The smaller transaction size also means that smaller price moves can be made. These price movements are much easier to effect and therefore tend to be more consistent over time.

On the flip side, larger institutional traders have more leeway in the size of their trades and typically execute them at a faster pace. This is where many of the differences between the two start to appear. Institutions are much larger and therefore have access to large amounts of money management and other tools that individual traders don't have. Institutional traders also have more resources and better risk management tools available to them.

Large banks are some of the biggest buyers in the Forex market. The interbank market for Forex trades is the place where they enjoy the greatest buying power. In fact, they've done so since the beginning of the trading system in 1997. As a result of this, they typically command very high transaction fees and they have the leeway to decide which currencies to buy and sell. The large number of banks competing for these small to mid-sized investment opportunities has created a situation where individual Forex investors can't take advantage of some of these benefits.

A Brief History of the Interbank Forex Market

In the infancy of the FX market, there were no interbank brokerages to speak of. Back then, it was simply the money managers at banks that facilitated trades between their depositors and borrowers. The banks needed a way to let their clients know when they had some good news about the markets so that they would continue to play into their hands.

Today's Forex market is much more advanced than that of the beginnings of the interbank Forex brokers. But the same basic principles still apply. And thanks largely to the advent of the Internet, it has become much easier for people to trade interbank Forex. This is mostly because of increased online banking capabilities for both commercial banks and their clients. Because of these two developments, the amount of leverage available to investors has increased as well, allowing them to get involved in Forex trading with greater amounts of capital.

The interbank Forex market is an incredibly complex market. However, it also offers great opportunities to those who know what they are doing. It is important that you learn how to trade the market so that you do not lose all of your money in one day. The market is very liquid and flexible so it is a good place to make money if you want to. If you are able to master the techniques used to develop profitable trades, you can earn a very substantial amount of money by trading the market.

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

Reputable Interbank Forex Checklist

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

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Investment Platforms.

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

Top 15 Forex Investment Platforms of 2021 compared

Here are the top Forex Investment Platforms.

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

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

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Broker eToro XTB IC Markets AvaTrade Roboforex Pepperstone XM FP Markets Plus500 FXPrimus EasyMarkets
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) 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), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 50 No minimum deposit 200 250 1 200 5 100 100 100 100
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 20,000,000+ 250,000+ 180,000+ 200,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 15,500+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
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, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
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
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etoro
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xtb
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icmarkets
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roboforex
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pepperstone
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xm
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fpmarkets
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plus500
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fxprimus
Sign Up with
easymarkets
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Your capital is at risk Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
XTB
Demo
IC Markets
Demo
AvaTrade
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Plus500
Demo
FXPrimus
Demo
easyMarkets
Demo
Excluded Countries ID, 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, US, IN, PK, BD, NG , ID, BE, AU 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 BE, BR, KP, NZ, TR, US, CA, SG US, JP BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US

eToro Risk Disclosure

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. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.


All Forex Investment Platforms in more detail

You can compare Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Forex Investment Platforms for 2021 article further below. You can see it now by clicking here

We have listed top Forex Investment Platforms below.

Interbank Forex List

eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

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. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, 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 Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

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

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.