Top Is Forex Trading Legal for 2025
We found 11 online brokers that are appropriate for Trading Is Forex Trading Legal.
Best Is Forex Trading Legal Guide
Analysis by Andrew Blumer, Updated Last updated – June 15, 2025
Is Forex Legal?
Chances are you have seen the many advantages trading Forex and are wondering if Forex trading is legal where you are.
There are tons of stories that have shown you how Forex traders have been successful left their 9-5 jobs.
Professional traders devote allot of time to research and education.
One of the most frequent questions is whether Forex trading is legal or not.
If you are living in a strict country, you will want to think about this aspect first before proceeding, to stay away from the trouble.
The answer will depend on where you live, the financial regulators of your country and what type of Forex related financial instrument you are about to trade.
Your government possibly allows forex traders and brokers to conduct their trading activities.
But when it comes to trade between countries, you will want to do more research.
Is Forex Trading Illegal?
It is important to comprehend the meaning of Forex Trading first.
Foreign exchange is a process where the conversion of currency takes place to another currency with the aim to make a profit.
As a trader, it is very possible to change from one currency to another quickly. It will make you analyse the markets around the world.
Therefore, it is sensible to research currency charts and news media regularly.
Can I Trade The Foreign Currencies In My Country?
The easiest way to confirm that Forex trading in your country is legal or not is by checking the regulatory body of your shortlisted brokers. Your broker should be listed on the regulatory bodies website and have a distinct regulatory number.
This will allow you to see if the Forex trading broker is available in your country. In many cases, many major countries around the world allow their citizens to conduct retail forex trading.
Individuals who join with a regulated broker are most likely safe to conduct their trading activities there.
But there are also some countries that ban or restrict the Forex trading activities for various reasons. The most significant reason for the banning Forex trading is because of religious beliefs.
In Islam usury is not allowed. Although new Islamic accounts where no interest is charged have come to the forefront.
Is Forex Trading Legal? Understanding The Legitimacy Of The Forex Market
The foreign exchange market, also known as the forex market, is the largest financial market in the world. Forex trading involves buying and selling currencies to make a profit, and it is a legal business in many countries. However, there are risks involved in forex trading, including the potential for scams and illegal activities.
Forex Trading Scams And Illegal Activities
Some individuals and companies in the forex trading industry engage in scams and illegal activities, such as using secret trading formulas, scammy marketing techniques, and promising quick fortunes to attract new traders. Additionally, some unregulated brokers may operate in a legal grey area or engage in fraudulent activities.
Forex trading may also be illegal in some countries, and traders should be aware of the legal status of forex trading in their country before investing their hard-earned money.
Forex Trading And The Legality Of The Trading Industry
Forex trading is a legitimate business, and traders can engage in currency trading as long as they follow the regulations and guidelines set by their country's regulatory authorities. Forex trading is similar to stock trading and commodities trading, and it involves buying and selling currencies to make a profit.
Forex traders can use technical analysis, market research, and risk management techniques to improve their chances of success. Additionally, forex trading offers many benefits, such as the ability to trade 24 hours a day, low operational costs, and high leverage.
Choosing A Good Forex Broker And Avoiding Potential Scams
To avoid potential scams and illegal activities in the forex world, traders should choose a reputable service that follows stringent regulations and is authorized by the relevant regulatory authorities, such as the US Securities and Exchange Commission (SEC) or the UK Financial Conduct Authority (FCA).
Traders should also use a demo account to test the broker's platform and features before investing real money. A good forex broker should offer access to multiple currency pairs, fixed currencies, and exchange rates, as well as providing educational resources and support for new traders.
Additionally, traders should develop a sound trading strategy, manage their risks effectively, and avoid trading with more money than they can afford to lose. Forex trading involves high risks, and traders should be aware of the potential for losing tens of thousands of dollars in the wrong direction.
Does Your Country Allow You To Forex Trade?
If you want to know whether you are able to conduct forex trading in your country, you would want to confirm to your local authority about the regulations and other significant information.
But if you are living or residing in these following countries, you can rest assured that your forex trading activity is allowed:
United Kingdom, Switzerland, Romania, Malta, Italy, Indonesia, Germany, Cyprus, Canada, Bulgaria, Australia, and the US.
These are top countries where conducting forex trading is allowed with almost no restrictions. Consider yourself lucky if you are living in one of these countries.
Forex trading is also available in the South, Central American and Central and Eastern European Nations.
There are some rules you need to check when you are participating in the Forex markets.
Forex Trading in the UK: Legal Status, Taxation, and Licensing Requirements
Forex trading has become a popular investment option for many individuals in the UK. However, before investing in forex, it's important to understand the legal status, taxation, and licensing requirements for forex trading in the UK.
Is Forex Trading Legal In The UK?
Yes, forex trading is legal in the UK. The Financial Conduct Authority (FCA) regulates forex trading in the UK, and forex brokers must be authorized and regulated by the FCA to operate in the UK. The FCA's regulatory framework provides protection for traders and helps ensure that brokers operate in a fair and transparent manner.
Do Forex Traders Pay Tax in the UK?
Yes, forex traders are subject to tax in the UK. Forex trading profits are considered taxable income, and traders must pay capital gains tax on their profits. The current capital gains tax rate in the UK is 20% for higher-rate taxpayers and 10% for basic-rate taxpayers. However, losses from forex trading can be used to offset gains and reduce tax liability.
It's important for forex traders to keep accurate records of their trading activity and report their profits and losses to HM Revenue and Customs (HMRC) each year.
Is Forex Trading A Gamble?
Forex trading is often compared to gambling due to the high levels of risk involved. However, forex trading is not the same as gambling. While both activities involve taking risks, forex trading requires a certain level of skill, knowledge, and strategy.
Forex traders use technical and fundamental analysis to make informed trading decisions, and they can use risk management techniques to minimize their losses. Additionally, forex trading operates within a regulatory framework that provides protection for traders and ensures that brokers operate in a fair and transparent manner.
Do You Need a Licence to Trade Forex?
No, you do not need a license to trade forex in the UK. However, forex brokers must be authorized and regulated by the FCA to operate in the UK. Traders should choose a regulated forex broker to ensure that their funds are protected and that the broker operates in a fair and transparent manner.
It's important for traders to do their due diligence when choosing a forex broker and to ensure that the broker is authorized and regulated by the FCA. Additionally, traders should carefully consider their trading objectives, risk tolerance, and investment experience before investing in forex.
National Futures Association
One of the most notable regulators is the National Futures Association.
This regulator aims to maintain the integrity of the Forex and other markets.
The National Futures Association has the right to issue the licenses to the brokers after enforcing the terms and requirements that need to be met by the brokers who want to intermediate the forex transaction.
They carefully filter the applicants and only make few of them pass their terms.
Forex Broker Rules
Depending on which brokers you are using, the rules can be different.
Those who have less than $10 million in assets will have protection from regulated Forex brokerage accounts in the USA. Regulations can be different based on the country.
There is regulation which allows the Forex brokerages to offer the higher leverage for the traders and lower charges for brokerage services.
But the regulations will be different from one brokerage to another. You will want to research this in depth before proceeding.
Examples Of Forex Trading Restrictions
Some countries allow forex trading but with some restrictions. One must be compliant to specific regulations that rule forex trading activities in each specific country.
Forex Trading in China
For instance, for people in China, they can open a FX trading account but not with a foreign broker.
If you are living in China, you must work with a locally-based broker so that you can conduct Forex trading activity in the country.
Is Forex Trading Legal in India
In India, you will only be able to do the exchange through the registered exchanges. When it comes to trading in the Indian rupee, there will be restrictions on exchanging the currency.
Is Forex Trading Legal in South Korea
In South Korea, the regulations are almost similar to China's regulations. To trade there, you cannot open the account with a foreign broker.
You will need to use local services to open an account. There is also a cap on the maximum leverage you are able to use. There are some non-regulated foreign brokers. In the three countries mentioned above.
IS Forex Trading Legal in Turkey
But when you are in Turkey, you cannot work with non-regulated foreign brokers at all. The government considers this as an illegal activity.
Is Forex Trading Illegal In Nigeria
Foreign exchange (Forex) trading is a popular investment activity in Nigeria, with many individuals and companies looking to profit from fluctuations in currency exchange rates. However, the legality of Forex trading in Nigeria has been a topic of debate in recent years.
To answer the question, Forex trading is legal in Nigeria, but with certain restrictions. The Central Bank of Nigeria (CBN) regulates Forex trading in the country and has put in place strict guidelines for Forex brokers and traders. Only licensed Forex brokers are allowed to operate in Nigeria, and traders are required to adhere to specific rules and regulations.
One of the major regulations put in place by the CBN is the requirement for Forex traders to use only Nigerian banks for their transactions. This is to ensure that all Forex transactions are transparent and traceable, and to prevent money laundering and other illegal activities.
Additionally, Forex traders are required to provide their full names and addresses to their brokers, and brokers are required to report all Forex transactions to the CBN. The CBN also has the power to revoke the license of any Forex broker found to be engaging in illegal activities.
The Banning of Forex trading
Forex trading regulations vary from country to country, and it is important to check with local authorities and regulatory bodies before engaging in any trading activity.
It is worth noting that some countries, such as Russia and Indonesia, have placed restrictions on Forex trading, which vary depending on the type of account and trading platform used. In general, it is important to thoroughly research the legal and regulatory landscape of any country before engaging in Forex trading.
There are some countries that ban the forex trading 100%. That means you won't be able to do Forex trading in these countries:
- Algeria
- Belarus
- Bolivia
- Cambodia
- China (except for Hong Kong and Macau)
- Ecuador
- India (only allowed through authorized channels)
- Iran
- Nigeria (only allowed through authorized channels)
- North Korea
- Pakistan (only allowed through authorized channels)
- South Korea (only allowed through authorized channels)
- Taiwan
- Vietnam
These regulations help to protect traders when brokerages close down or run away with money.
Reasons for Banning Forex Trading
One of the main reasons for the banning of forex trading is to protect retail investors from potential losses. Additionally, forex trading can be used to move large sums of money across borders, which can attract criminals who want to launder money or engage in other illegal activities.
Another reason for the banning of forex trading is to protect the domestic currency and prevent capital flight. When investors move their money out of a country, it can cause the currency to devalue, leading to economic instability.
Effects of Banning Forex Trading
The effects of banning forex trading can be both positive and negative on the economy and the forex market. On one hand, it can protect retail investors from potential losses and prevent illegal activities such as money laundering. On the other hand, it can limit the opportunities for traders to invest and trade in the forex market.
When forex trading is banned, traders may turn to unregulated brokers or the black market to continue trading, which can lead to even greater risks and losses. Additionally, banning forex trading can restrict the flow of capital and limit economic growth, which can have negative consequences for businesses and investors.
We have conducted extensive research and analysis on over multiple data points on Is Forex Trading Legal to present you with a comprehensive guide that can help you find the most suitable Is Forex Trading Legal. Below we shortlist what we think are the best is forex trading legal after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Forex Trading Legal.
Reputable Is Forex Trading Legal Checklist
Selecting a reliable and reputable online Is Forex Trading Legal 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 Is Forex Trading Legal more confidently.
Selecting the right online Is Forex Trading Legal trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Is Forex Trading Legal broker has a solid track record of at least two years in the industry.
- Verify that the Is Forex Trading Legal broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Is Forex Trading Legal 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 Is Forex Trading Legal broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Is Forex Trading Legal brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Is Forex Trading Legal 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 Is Forex Trading Legal in Our Brokerage Comparison Table
When choosing a broker for is forex trading legal trading, it's essential to compare the different options available to you. Our is forex trading legal 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 is forex trading legal broker.
- The funding methods available for is forex trading legal with each broker.
- The types of instruments you can trade with each is forex trading legal broker, such as forex, stocks, commodities, and indices.
- The trading platforms each is forex trading legal broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each is forex trading legal broker affects the cost of trading.
- The level of customer support each is forex trading legal broker offers, including their availability, responsiveness, and quality of service.
- Whether each is forex trading legal broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a is forex trading legal broker that best suits your needs and preferences for is forex trading legal. Our is forex trading legal broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Is Forex Trading Legal of 2025 compared
Here are the top Is Forex Trading Legal.
Compare is forex trading legal brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a is forex trading legal broker, it's crucial to compare several factors to choose the right one for your is forex trading legal needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are is forex trading legal. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more is forex trading legal that accept is forex trading legal clients.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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 Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | 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) |
| Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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| Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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| 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 | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | 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) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | 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) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | 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) |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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 | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, 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, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
All Is forex trading legal in more detail
You can compare Is Forex Trading Legal 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 Is Forex Trading Legal for 2025 article further below. You can see it now by clicking here
We have listed top Is forex trading legal below.
Is Forex Trading Legal Table of Contents
- Is Forex Trading Legal Explained
- 6 Factors to Consider when Choosing Is Forex Trading Legal
- Are Your Is Forex Trading Legal Trusted And Established?
- Are The Is Forex Trading Legal World Leading?
- What are the Is Forex Trading Legal Commissions and Fees?
- What are the Is Forex Trading Legal Funding and Withdrawl Methods?
- Find Is Forex Trading Legal with Round-the-clock support?
- Make sure the Is Forex Trading Legal Offer Comprehensive Trader resources?
- Why Is Forex Trading Legal needs to be regulated?
- Is Forex Trading Legal FAQ
- What are the best Is forex trading legal brokers?
- What is the best Is forex trading legal broker?
- Related Is Forex Trading Legal Reviews
- Related Is Forex Trading Legal Alternatives
- Related Is Forex Trading Legal Comparisons
Is Forex Trading Legal Explained
Trading volatile financial markets with Is Forex Trading Legal can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Is Forex Trading Legal to ensure a successful trading experience.
Selecting Is Forex Trading Legal 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 Is Forex Trading Legal markets effectively.
Reliability is key to gaining access to financial markets. Look for Is Forex Trading Legal that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Is Forex Trading Legal confidently.
6 Factors to Consider when Choosing Is Forex Trading Legal
Follow these five rules for selecting Is Forex Trading Legal that are right for you:
Are Your Is Forex Trading Legal Trusted And Established?
Search for a reputable Is Forex Trading Legal with a extensive proven track record for Is Forex Trading Legal, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Is Forex Trading Legal 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 Roboforex.
Roboforex was established 2009, and in operation for 16 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
|
XM
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Pepperstone
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AvaTrade
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FP Markets
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|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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 Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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) |
| Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | Yes | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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 |
Are The Is Forex Trading Legal World Leading?
Opt for Is Forex Trading Legal 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 Is Forex Trading Legal is Roboforex. Roboforex Segregates clients funds and offers over 12000 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 12000 | 6000 | 6000 | 1000 | 1200 | 1000 | 10000 |
| 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 | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | 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) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | 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) |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | 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 | US, CA, IL, 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 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 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 | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| 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 Is Forex Trading Legal Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Is Forex Trading Legal broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Is Forex Trading Legal broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 50 | 0 | 5 | 0 | 100 | 100 |
| Withdrawl Fees | No | No | Yes | Yes | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | Yes | No |
| Deposit Fees | No | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Is Forex Trading Legal Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Is Forex Trading Legal. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Is Forex Trading Legal.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Is Forex Trading Legal with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Is Forex Trading Legal.
Is Forex Trading Legal 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 Is Forex Trading Legal 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
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, 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 |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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 |
Make sure the Is Forex Trading Legal Offer Comprehensive Trader resources?
It's important to ensure your Is Forex Trading Legal provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex 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 Is Forex Trading Legal. 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 Is Forex Trading Legal.
Why Is Forex Trading Legal needs to be regulated?
Regulated Is Forex Trading Legal lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Is Forex Trading Legal.
Consumers are protected by Is Forex Trading Legal regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Is Forex Trading Legal is necessary to prevent fraud. The Is Forex Trading Legal working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Is Forex Trading Legal is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Is Forex Trading Legal 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
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), WindowsCustomer 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. 61% 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
MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile AppsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low 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
easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5Customer 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
Learn more
Losses can exceed deposits
Losses can exceed deposits