We found 11 online brokers that are appropriate for Trading Forex Brokers.
When trading GBP/USD, minimizing trading costs is crucial for forex traders. One significant factor is swap rates, which can impact the profitability of positions held overnight. In this article, we will explore the concept of swap rates and identify the lowest swap forex brokers for GBP/USD. By choosing the cheapest forex brokers with competitive swap rates, traders can optimize their forex trading strategies while reducing costs. GBP/USD forex traders risk losing money rapidly when trading CFDs, so you must understand risk management tools and the risks.
IC Markets : Renowned for its low swap rates on GBP/USD pair, IC Markets is appreciated for its advanced trading tools and regulatory compliance, making it a top choice for trading this pair with low swap costs.
RoboForex: Specializing in low swaps and high leverage, particularly for the GBP/USD pair, RoboForex is valued for its modern trading tools and competitive Forex swap pricing.
eToro: Famed for its user-friendly social trading platform, eToro offers an excellent environment for trading GBP/USD with low swaps, backed by innovative features and strong customer support.
AvaTrade: Esteemed for its intuitive platform and competitive spreads, especially on GBP/USD, AvaTrade is praised for its user-friendly interface and efficient customer service, ideal for low swap trading.
Pepperstone: Recognized for its narrow spreads and swift execution on GBP/USD trades, Pepperstone excels in offering advanced platforms and detailed market analysis, making it a preferred choice for low swap trading.
In forex trading, a swap pertains to the variance in interest rates between two currencies within a currency pair. It is the cost or gain associated with holding a position overnight. Swaps are calculated based on the difference in interest rates set by central banks for the respective currencies. This interest rate differential is adjusted to account for market conditions and broker charges.
Forex brokers charge swaps to facilitate overnight positions held by traders. The swap rates compensate the broker for the opportunity cost of lending or borrowing the currencies involved. These rates are typically based on interbank market rates with an additional spread added by the broker.
Forex brokers charge swaps to cover the cost of providing traders leverage and protecting themselves against potential market risks. Trading forex brokers can generate additional revenue from interest rate differentials by charging swaps. It is important to note that swap rates trade across significant forex pairs and can be either positive or negative, depending on the interest rate differential between the foreign exchange market and the currencies in the trading forex pair.
Low-spread forex brokers usually offer leverage for retail investor accounts, allowing traders to control more prominent positions with less capital. The swaps help offset the high risk of losing out for the cheapest low-spread forex brokers themselves, as positions held overnight expose them to potential losses due to market fluctuations. By charging swaps, the low-spread forex brokers aim to ensure that the cost of holding positions is passed on to the traders.
Swap rates can impact GBP/USD trading, affecting the overall cost of holding positions overnight. When engaging in trades involving GBP/USD, traders should consider the swap rates connected to this currency pair. If the swap rate for maintaining a position in GBP/USD shows a positive value, traders could accrue interest on their long positions or incur interest charges on their short positions.
The swap rate for GBP/USD can vary among brokers and is influenced by factors such as the interest rate differential between the British pound and the US dollar, market conditions and the broker's charges. Traders should be aware that swap rates are typically applied at a specific time each day, known as the rollover time, and can be subject to change.
It is important to note that swap rates can vary significantly between brokers. Finding brokers that offer the lowest swap rates for GBP/USD can help traders minimize costs and enhance profitability. Factors to Consider:
Lowest Spread Forex Brokers: Along with swap rates, traders should also consider brokers that offer the lowest spreads for GBP/USD. Low spreads reduce the initial cost of entering a trade and can complement the efforts to minimize swap costs.
Negative Balance Protection: Traders should prioritize brokers that offer negative balance protection. It ensures traders cannot lose more than their initial investment, even in highly volatile market conditions. This feature is significant when trading complex instruments like CFDs.
Minimum Deposit and Account Types: Consider brokers with a low minimum deposit requirement to accommodate traders with different budgetary constraints. Additionally, assess the account types brokers offer to find those that align with your trading goals and strategies.
When it comes to finding the best forex brokers that offer the lowest swap rates for GBP/USD, it's essential to understand that swap rates can vary between brokers due to several factors, including market conditions, interest rate differentials, and the broker's pricing structure. Nevertheless, certain budget-friendly forex brokerages are recognized for their competitive GBP/USD currency pair swap rates.
CMC Markets is one of the well-known brokers that often ranks highly regarding low swap rates. CMC Markets is recognized for its competitive pricing and transparent fee structure experienced traders. They strive to provide traders with favourable swap rates, including for the GBP/USD pair, enabling traders to reduce their trading costs when holding positions overnight.
Another broker worth mentioning is IG.IG is a well-established brokerage that provides comprehensive spread trading across diverse currency pairs, encompassing GBP/USD, featuring competitive swap rates. Their focus on competitive pricing and comprehensive trading platforms and services make them popular among traders.
Pepperstone also offers competitive swap rates for GBP/USD trading. As an established broker, Pepperstone aims to be competitive spreads and provide traders with low-cost trading options, including favourable swap rates. Traders can use transparent pricing and competitive spreads to reduce their swap costs when trading the GBP/USD pair.
While these brokers are recognized for their competitive swap rates in the GBP/USD pair, it's important to note that swap rates can change over time due to market conditions and other factors. Therefore, it is advisable to regularly review and compare the swap rates offered by different brokers to ensure you are getting the best possible rates for your GBP/USD trades.
Additionally, it's crucial to consider other factors when selecting a broker, such as regulatory compliance, trading platforms, customer support, investment services, and overall trading conditions. A broker offering low swap rates should be evaluated comprehensively to ensure they meet your specific trading needs and objectives.
Ultimately, finding the best forex broker with the lowest swap rates for GBP/USD requires thorough research, comparing the offerings of different forex brokers, and considering your trading requirements. Considering all these factors, you can select a broker offering competitive swap rates and providing a reliable and comprehensive trading experience.
The typical range of swap rates for GBP/USD can vary among different brokers due to factors such as market conditions, liquidity, and each broker's pricing structure. Swap rates are shaped by the variance in interest rates between the two currencies within the given currency pair. While it's challenging to provide the same range as it can change over time, I can offer a general perspective on the typical range of swap rates for GBP/USD.
Swap rates are commonly expressed in pips or points. These adjustments can be either in favour (credited) or against (debited) you, contingent upon the trade's direction (long or short position) and the disparities in interest rates. The swap rate represents the cost or benefit of holding a position overnight.
Generally, the typical range of swap rates for GBP/USD among different brokers can be anywhere between -2 to +2 pips per day for standard trading accounts. However, it's important to note that this range can vary significantly based on market conditions, volatility, and the specific pricing models of each broker.
It's worth mentioning that brokers may offer different swap rates for different account types or trading platforms they provide. Some brokers may have specific account options, such as Islamic accounts, which adhere to Shariah law and do not charge or pay swap rates.
It's recommended to visit the websites of individual brokers or contact their customer support directly to determine the exact swap rates for GBP/USD offered by different brokers. Brokers usually provide details of their swap rates in their trading conditions or specifications, allowing traders to compare and evaluate the costs of holding GBP/USD positions overnight.
Traders should consider swap rates as part of their overall trading costs and factor them into their trading strategies and risk management. It's essential to regularly review swap rates and stay informed about any updates or changes made by brokers, as these rates can impact long-term positions and the overall profitability of trades.
Swap rates typically do not vary based on the trading platform used. The broker sets swap rates, generally consistent across various trading platform platforms offered by the same broker. However, checking with the broker or reviewing their documentation is always recommended to confirm if swap rates differ across advanced trading tools or platforms.
While it is uncommon to find brokers offering zero or negative swaps for GBP/USD, there are a few instances where such conditions may be available. It's important to note that these instances are rare, and traders should carefully evaluate the terms and conditions associated with such offerings. Below are a few examples of brokers known to provide zero or negative swaps for GBP/USD:
IC Markets : IC Markets is another brokerage that provides 'Swap-Free' accounts tailored to traders who follow Islamic principles. Their 'Swap-Free' option allows traders to hold positions overnight without incurring swap charges. It includes the GBP/USD pair, where traders can benefit from zero swap rates.
RoboForex : RoboForex provides zero swaps for all currency pairs, including GBP/USD, to accommodate the requirements of Muslim traders adhering to Islamic principles.
XM : XM is a broker that also provides 'Swap-Free' accounts, catering to Islamic traders. Their 'Swap-Free' alternative eradicates overnight swap fees for various currency pairs, encompassing GBP/USD.
Their 'Swap-Free' alternative eradicates overnight swap fees for various currency pairs, encompassing GBP/USD. Traders should thoroughly review the terms and conditions of retail trading with these accounts to ensure they align with their trading preferences and religious beliefs.
Additionally, it's worth mentioning that negative swap rates are sporadic and typically occur during extraordinary market conditions. In such cases, traders would receive a credit instead of incurring swap charges. However, negative swap rates are usually temporary and not shared in normal trading conditions.
Traders keen on zero or negative swap conditions for GBP/USD or other currency pairs are advised to contact the relevant brokers for information on the availability of such options, as terms and conditions may differ.
Forex brokers update swap rates regularly, although the specific frequency can vary among brokers. Swap rates are usually adapted in response to alterations in the fundamental interest rates of the currencies within a given currency pair. These adjustments reflect the evolving market conditions and help ensure that the swap rates remain aligned with the prevailing rates in the global financial markets.
The regularity with which forex brokers revise swap rates can hinge on various factors, encompassing the broker's internal guidelines, market turbulence, and the liquidity of the specific currency pair under consideration. While it's challenging to provide an exact update schedule as it can differ between brokers, it's common for brokers to update swap rates once a day, typically during the rollover period.
The rollover period occurs at the end of each trading day when open positions are rolled over to the next trading day. During this time, brokers calculate and apply the swap adjustments to reflect the interest rate differentials between the currencies. It ensures traders are credited or debited the appropriate swap amounts for holding positions overnight.
It's important to note that the timing of swap rate updates may also depend on the broker's specific trading platform or software. Some brokers update swap rates automatically at the rollover period, while others may edit them in real time as interest rate changes occur.
Traders should know that swap rates can fluctuate, especially during periods of high market volatility or significant economic events that impact interest rates. Therefore, staying updated with the broker's latest swap rates is crucial, as these rates can affect the overall cost and profitability of trades held overnight.
For precise and current swap rate details, traders can consult their broker's trading platform, where the swap rates for various currency pairs are usually visible. Additionally, brokers often provide detailed information about swap rates on their websites or through customer support channels. Regularly monitoring swap rates and understanding their potential impact on trading positions can help traders make informed decisions and manage risk effectively.
Swap rates for GBP/USD can change during the holding period, as they are influenced by factors such as interest rate differentials and market conditions. While swap rates generally do not fluctuate significantly within a single trading day, traders should know that swap rates can change over time. Regular monitoring of swap rates is recommended to stay informed about any potential changes.
Swap rates for long and short positions in GBP/USD are usually different. The rates can differ due to the interest rate differential between the British pound and the US dollar. If the interest rate of the base currency (GBP) is higher than that of the quote currency (USD), long positions may earn positive swaps. In contrast, short positions may incur negative swaps, reflecting the cost of borrowing the base currency.
To calculate the swap costs for your GBP/USD trades, you need to know the swap rate offered by your broker and the size of your position. The swap cost can be calculated using the following formula:
Swap Cost = Swap Rate x Position Size
The position size represents the number of lots or units you are trading. You can determine the swap cost for your specific GBP/USD trade by multiplying the swap rate by the position size.
Besides calculating trading costs and fees due to swap rates stock exchange, traders should consider other trading fees and commissions when evaluating the overall cost of trading GBP/USD with a forex broker stock exchange here. These trading fees may include:
Spreads: The distinction between the purchase and sale price of a currency pair. Lower spreads are generally preferred as they reduce trading costs.
Commissions: These commissions can add to the overall trading costs.
Deposit and Withdrawal Fees: When you deposit or withdraw money from your trading account, brokers could charge you a fee. Awareness of these fees is essential, especially if you frequently move funds in and out of your account.
Inactivity Fees: Some brokers may charge fees for inactive accounts. If you plan to hold positions for extended periods, reviewing the broker's policy on inactivity fees is essential.
Slippage: Slippage occurs when the actual execution price of trade differs from the expected price. It can impact the profitability of your trades, especially during periods of high market volatility.
Data Fees: Additional costs can apply for real-time market data access and charting tools. Traders who rely on advanced analysis and market research should consider these costs.
Conversion Fees: If your trading account is denominated in a different currency than GBP or USD, currency conversion fees may apply when depositing or withdrawing funds.
Considering these high risks of losing additional fees and commissions alongside swap rates will give you a more comprehensive understanding of the increased risk of failing and overall trading costs associated with GBP/USD trading.
Special promotions and discounts for GBP/USD swaps can vary among brokers and may be subject to change over time. While it's challenging to provide concrete and existing examples due to the evolving nature of promotions, some brokers occasionally offer incentives or discounts related to swap rates. Traders should watch for such offers, consult the promotions section on broker websites, or contact their customer support for the latest information. Here are a few possible examples:
Bonus Swap Rates: Certain brokerages might run temporary promotions featuring bonus swap rates for particular currency pairs, including GBP/USD. These promotions can offer traders reduced swap costs or even zero swap rates for a certain period.
Cashback Programs: Certain brokers may have cashback programs where traders can receive a percentage of their swap costs as a rebate.Though not exclusively focused on GBP/USD swaps, such initiatives can assist in mitigating swap costs across a range of currency pairs, including GBP/USD.
Volume-Based Discounts: Brokers sometimes offer volume-based discounts where traders with larger trading volumes or higher account balances can enjoy reduced swap rates. These discounts incentivize active traders and provide them with more favourable swap conditions.
Loyalty Programs: Some brokers have loyalty programs that reward long-term clients with various benefits. These initiatives may encompass reductions in swap rates for particular currency pairs, such as GBP/USD, to express gratitude and retain loyal traders.
Seasonal Promotions: During particular occasions or holidays, brokers may introduce temporary promotions or discounts related to swap rates. These time-bound promotions could be relevant to currency pairs, including GBP/USD.
It's important to note that promotions and discounts related to swap rates may come with specific terms and conditions. Traders should carefully review the details of any promotional offers, including duration, eligibility requirements, and potential limitations, to ensure they align with their trading goals and preferences.
Yes, swap rates for GBP/USD can be affected by market conditions and changes in interest rates. Swap rates are influenced by the interest rate differential between the two currencies in the pair, which can fluctuate based on economic factors and central bank policies. If there are significant changes in interest rates or market conditions, it can impact the swap rates for GBP/USD.
Generally, swap rates are non-negotiable as the broker sets them based on the interest rate differentials and market conditions. However, some brokers may offer customized trading conditions or special arrangements for high-volume traders or institutional clients. It is advisable to contact the broker directly to inquire about any potential negotiation options regarding swap rates for GBP/USD.
Different account types or trading volumes can affect swap rates for GBP/USD. Some brokers offer various account types with additional trading fees and conditions, including swap rates. Premium or VIP accounts may provide more favourable swap rates for GBP/USD compared to standard accounts. Similarly, higher trading volumes can sometimes lead to better swap rates as brokers may offer volume-based discounts or incentives.
While reputable brokers strive to provide transparent fee structures, it is essential for traders to carefully review the terms and conditions to identify any potential hidden fees or additional charges related to GBP/USD swaps. Hidden fees or charges can include maintenance fees, account inactivity fees, or fees for specific trading instruments or activities. It is advisable to read the broker's documentation or contact their customer support to clarify any potential additional costs.
Swap rates may differ among various currency pairs provided by brokerages. The specific interest rate differentials between the currencies in the pair and market conditions influence the swap rates. It is advisable to evaluate the competitiveness of swap rates for GBP/USD by comparing them to those of other primary currency pairs available from the same brokers. When assessing swap rates, traders should take into account their trading strategy and the currency pairs they favour.
Regarding swap rates for GBP/USD trading, specific regulations and restrictions can vary depending on the jurisdiction and the regulatory framework governing the forex market. Traders must know these regulations to ensure compliance and understand any limitations or requirements imposed on swap rates. Here are a few concrete examples of rules and restrictions related to swap rates for GBP/USD trading:
ESMA Regulations: The European Securities and Markets Authority (ESMA) implemented regulations that impact retail forex trading within the European Union. ESMA regulations include restrictions on leverage, margin requirements, and the imposition of negative balance protection. While these regulations do not directly target swap rates, they indirectly impact trading conditions and affect the swap rates offered by brokers for GBP/USD trading.
Dodd-Frank Act: In the United States, the Dodd-Frank Wall Street Reform and Consumer Protection Act introduced regulations to the financial markets, including the forex market. The Act imposes various rules and restrictions on retail forex trading, such as minimum capital requirements for forex brokers and the requirement for brokers to provide swap disclosures to clients. These regulations aim to enhance transparency and protect retail traders.
FCA Regulations: The Financial Conduct Authority (FCA) in the United Kingdom regulates forex brokers and imposes rules to safeguard the interests of retail traders. While there are no specific regulations or restrictions on swap rates for GBP/USD trading, the FCA emphasizes the importance of fair treatment of clients and ensuring transparent and reasonable pricing structures.
ASIC Regulations: The Australian Securities and Investments Commission (ASIC) oversees the regulation of forex brokers in Australia. While there are no specific regulations or restrictions on swap rates for GBP/USD trading, ASIC ensures that brokers operate fairly and transparently and comply with relevant laws and regulations.
CySEC Regulations: The Cyprus Securities and Exchange Commission (CySEC) is a prominent regulatory authority for forex brokers. While there are no specific regulations or restrictions on swap rates for GBP/USD trading, CySEC enforces rules and standards to promote investor protection and fair trading practices.
It's important to note that the examples provided highlight regulatory bodies that oversee forex trading in different jurisdictions. While these regulators impose regulations to protect traders, they may not specifically address swap rates for GBP/USD trading. However, brokers operating under these regulatory frameworks must adhere to fair and transparent practices when setting swap rates and providing trading services.
While swap rates are high risk of losing, inherent to holding positions overnight, traders can explore alternative, other trading signals, tools, and strategies to minimize or offset the impact of the high risk of losing swaps. Some other trading instruments, signs, and methods to consider include:
Day Trading: By closing positions before the daily rollover time, traders can avoid swap charges altogether.
Hedging: Hedging involves opening offsetting positions to reduce exposure. Traders can combine GBP/USD with a different currency pair to counterbalance potential swap expenses.
Scalping: Scalping is a short-term trading strategy that aims to profit from quick price movements. Since Scalping involves opening and closing positions within a short time frame, the impact of swaps can be minimal.
Islamic Accounts: Islamic accounts, alternatively referred to as swap-free accounts, are meticulously crafted to align with the principles of Islamic Sharia law, which strictly forbids the earning or payment of interest. Some brokers offer swap-free accounts for traders who follow Islamic principles.
However, it's important to note that while these trading strategies may help mitigate swap costs and high risk, they have their risks and considerations. Traders should carefully assess their trading goals, stock market, and risk tolerance and consult with their broker to determine which trading strategies are the most suitable approach.
When finding brokers specialising in providing low-cost swaps for GBP/USD, it's important to note that swap rates can vary between brokers due to various factors, such as market conditions and pricing structures. Although there might be a limited number of brokers exclusively emphasizing low-cost swaps for GBP/USD, brokerages are recognized for their overall competitive swap rates, including for this particular currency pair. Here are a few examples:
IC Markets : IC Markets is a well-known forex brokerage celebrated for presenting competitive swap rates across various currency pairs, GBP/USD included. They prioritize providing traders with cost-effective trading conditions and transparent pricing. Traders can benefit from their low spreads and potentially reduce swap costs when holding positions overnight.
XTB : XTB is another broker known for its competitive pricing and low-cost trading solutions. Even though their speciality isn't explicitly centred on providing low-cost swaps for GBP/USD, they do extend competitive swap rates spanning various currency pairs. Traders can use their transparent fee structure and minimize swap costs when trading GBP/USD.
Pepperstone : Pepperstone is recognized for its commitment to competitive pricing and low-cost trading options for traders. Though they don't exclusively focus on providing low-cost swaps for GBP/USD, they do provide favourable swap rates for this particular currency pair. Traders can benefit from transparent pricing and potentially reduce swap costs in their GBP/USD trades.
XM : XM is a reputable broker that caters to a wide range of traders. Although their specialization doesn't revolve exclusively around low-cost swaps for GBP/USD, they do extend competitive swap rates encompassing a range of currency pairs, including GBP/USD. Traders can examine their trading conditions and discover cost-efficient swap rates when engaging in trades involving this currency pair.
It's important to note that while these brokers are known for their competitive swap rates, traders should also consider other factors, including regulatory compliance, trading platforms, customer support, risk management, and overall trading conditions. Evaluating a broker ensures that they meet your specific trading needs beyond just low-cost swaps for GBP/USD.
To assist seasoned forex traders in locating dependable online trading information and reviews regarding swap rates provided by various forex brokers for GBP/USD currency pairs, experienced forex traders can employ the following techniques:
Broker Websites: Visit the official websites of forex brokers and explore their trading conditions, including swap rates. Many brokers provide detailed information about their swap rates on their websites.
Broker Comparison Websites: Utilize trustworthy broker comparison platforms that offer extensive details and evaluations concerning various brokers, encompassing their swap rates for diverse currency pairs. These websites can offer insights into the competitiveness of swap rates.
Online Forex Communities and Forums: Participate in online forex communities and forums where traders share their experiences and opinions about different brokers. Traders often discuss swap rates, allowing you to gather insights and feedback from real users.
Independent Review Sites: Consult independent review sites that evaluate forex brokers. These sites provide unbiased reviews, ratings, and comparisons of various brokers, including information about swap rates.
By doing technical analysis and using trading skills combining information from multiple sources, traders can gain a more comprehensive understanding of technical analysis of the swap rates offered by different forex brokers for GBP/USD.
While low swap rates can be advantageous, it is essential to consider the potential risks or disadvantages of choosing a broker solely based on this factor. Some dangers and disadvantages include :
Trading Conditions: Low swap rates may be accompanied by less favourable trading conditions, such as higher spreads or commissions. Traders should carefully evaluate the overall trading conditions the broker offers to ensure they align with their trading strategy and objectives.
Service Quality: Choosing a broker based on low swap rates may neglect other crucial aspects, such as customer support, trading platforms, and reliability. It is essential to assess the overall quality of the broker's services to ensure a positive trading experience.
Regulatory Compliance: Low swap rates should not overshadow the importance of regulatory compliance. Traders should prioritize brokers regulated by reputable authorities to ensure the safety of their funds and the integrity of their trading activities.
Hidden Fees: Some brokers may compensate for low swap rates by imposing hidden fees or charges in other areas, such as account maintenance or higher withdrawal fees. Traders should comprehensively review the broker's fee structure to identify potential hidden costs.
Limited Currency Pairs: Brokers providing minimal swap rates for GBP/USD might have restricted choices regarding other currency pairs. It can limit a trader's ability to diversify their portfolio or explore different trading opportunities.
When choosing a forex broker for GBP/USD swaps, several factors should be considered. These include the broker's reputation, transparency of fees, competitive pricing, swap rates, trading platforms, customer support, and regulatory compliance. By thoroughly evaluating these factors, you can find the cheapest forex broker that offers favourable swap rates and meets your trading needs.
Selecting a forex market and broker practice trading for GBP/USD swaps involves careful consideration of swap rates, trading costs, risk management strategies, tools, and other essential factors. By conducting thorough research and analysis, you can choose a trade forex broker that offers competitive swap rates and supports your trading goals, ultimately enhancing your trading experience in the dynamic forex market.
We have conducted extensive research and analysis on over multiple data points on Lowest Swap Forex Brokers For Gbp Usd to present you with a comprehensive guide that can help you find the most suitable Lowest Swap Forex Brokers For Gbp Usd. Below we shortlist what we think are the best Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Lowest Swap Forex Brokers For Gbp Usd.
Selecting a reliable and reputable online Forex Brokers 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 Forex Brokers more confidently.
Selecting the right online Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Forex Brokers trading, it's essential to compare the different options available to you. Our Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Forex Brokers broker that best suits your needs and preferences for Forex Brokers. Our Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Brokers.
Compare Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Brokers broker, it's crucial to compare several factors to choose the right one for your Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Brokers that accept Forex Brokers clients.
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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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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 |
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eToro Demo |
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XM Demo |
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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 |
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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.