Top Negative Balance Protection Brokers for 2021

We found 11 online brokers that are appropriate for Trading Negative Balance Protection.

Best Negative Balance Protection Brokers Guide

Updated October 16, 2021

What Is Negative Balance Protection?

Stock trade and foreign exchange trade can bring in a lot of profit, but they are rampant with attendant risks. Conditions emerge where market volatility prevents an individual from keeping their account balanced. It is possible to safeguard yourself from ending up with a negative balance utilizing standard tools.

To put it briefly, negative balance protection pertains to a safety measure by brokerage companies to protect their clients.

A more detailed description would be that negative balance protection is a safety measure acquired by brokerage companies to protect their customers. This certain type of policy guarantees that traders will not be losing more money that their initial deposit in case their account ends up in negative due to their trading activity. What that means is that if a trader goes with a brokerage company that has negative balance protection as an option, the trader will not owe any money to the company if they end up making a bad trading decision.

Negative Balance Protection Rise To Popularity

Negative balance protection rose to popularity after the Swiss-franc crisis that occurred in 2015. It was the year the Swiss National Bank had ceased trading its domestic currency against the Euro at fixed rates. What came after that was a prompt strengthening of the national currency against the Euro. The end result of the absence of a Negative Balance Protection policy back then was that some retail traders as well as investors suddenly owed large amounts of cash to their brokers, and these often exceeded their present resources. To put an end to such an occurrence, it is crucial for you and your chosen broker to consider how to address the problem. What negative balance protection does is, it transfers the responsibility for the losses to your broker.

How Negative Balance Protection Works: A Brief Explanation

Let us take, for instance, a trader who puts 10K USD into their account and wish to invest in stock. Assuming the leverage is a ratio of 5 to 1, it would offer the trader a position of 50K USD. However, the market is highly volatile during those days and the price of the traders stock plummets by 8 percent, i.e., a loss of 20K USD. This loss would obliterate the traders initial deposit of 10K USD, with the trader having to pay back their broker what they owe. If a trader trades with a broker who offers negative balance protection, their total loss would be their initial deposit amount, i.e., 10K USD.

Is Negative Balance Protection Important?

Negative balance protection is highly crucial for traders in the sense that Forex and CFD markets have always proven to show volatility. This renders traders helpless in situations of sudden price fluctuations and daps. When severe fluctuations occur in open trade, they may have a substantial impact on the value of the traders open positions. It is especially risky when a traders position is extremely leveraged.

If you, as a trader, hold a leveraged long position, you could risk losing a lot more than your initial deposit. You could end up in a position where you would have to pay all your debt back to your chosen broker. Negative balance protection only readjusts your account balance to zero.

What Happens If Your Trading Account Goes Negative?

The balance on a foreign exchange trading account could very well go negative, granted the trader who owns the account does not properly set up a stop loss mechanism (offered by their chosen broker) in order to put a stop to unnecessary losses.

As mentioned earlier, the negative balance in your foreign exchange trading account could end up being the amount you owe your broker for the losses suffered. A lot of traders are not wary of this fact when they begin trading but this could do a lot of damage for them.

In certain cases, the negative balance appears during phases of high volatility, causing prices to fluctuate and go above and below stop loss quickly. Although you can cover for the exceeded loss by depositing more funds, you could end up losing a lot from your savings in case it went negative.

Negative balance protection makes it so that traders will not lose any more than their deposited amount in case their trading account goes negative as a result of their trading activity.

Benefits Of Negative Balance Protection When Trading

On a major level, choosing negative balance protection offers better market stability of forex as well as CFD trading. However, traders can take advantage of several fundamental benefits when their chosen brokerage company provides them this option to safeguard their funds. These benefits include:

Negative Balance Protection Allows Traders To Manage Risk

Negative balance protection essentially acts as a stop loss on the entirety of your investments. It establishes a limit on any future losses that you might suffer to merely the amount of funds you have initially deposited in your account.

Revenue potential is not capped. In that case you are not forced to surrender your potential revenue in order to make use of a negative balance shield.

Traders starting out can make use of this protection feature to have a go at diverse trading strategies without the fear of overtaxing themselves and ending up having to owe a lot to their broker.

If you are on the lookout for a brokerage company that allows you to do a test run of new ideas and techniques to trading without the involvement of any risk, you can place small amounts of funds in your account. This could potentially diminish your maximum potential losses as you move on to gain more experience trading.

Provides Additional Protection In The Face Of Market Volatility

Foreign exchange is a large global market that is very prone to changes in global sentiment and events. As anticipated, its volatility is a lot more significantly greater compared to other, much smaller marketplace. Taking into consideration this heightened risk, traders can profit from their access to shields the likes of negative balance protection.

Saves Traders From Gaining Irredeemable Debts With Their Chosen Broker

With the absence of a safeguard all set to halt your losses on a holding, traders are required to depend on themselves to trace movements in the market and get their funds back before their losses send them into substantial debt with the broker. In certain circumstances, even an observant eye may not cut it. When the marketplace moves back and forth quickly, traders may find themselves struggling to adopt measures quick enough to steer clear from an account balance ending up in the negative.

Since the foreign exchange market trades twenty-four hours a day, from midday Sunday to the end of the trading day on Friday, it is impracticable to keep tabs on foreign exchange holdings at all times.

At brokerages not offering negative balance protection, traders may have to pay interest on the debt owed, further sending them down a deeper monetary hole.

History Of Negative Balance Protection

In 2011 the world saw a major Swiss franc crisis. It was initiated after the Swiss National Bank surprisingly stopped holding the Swiss franc against the Euro at a fixed exchange rate.

This made the currency stronger against EUR and as an aftermath many traders found themselves in negative balances. The brokers started to ask traders to deposit more funds. At this time there was no policy of Negative Balance Protection, hence traders started losing money in huge amounts. Ultimately, the Swiss stock market suffered many substantial losses with many traders ending up with the apprehension that their brokers would soon be asking to get paid in order to make up their losses.

Understanding Negative Balance Protection

Suppose you have deposited $1,000 in your account with a broker and get a share having the leverage of 5:1. This increases your position to $5,000 (1000 x 5 = 5000). Now, unexpectedly market turbulence happens leading to a drop of 7 percent a share and you lose 35 percent as you have implemented 5:1 leverage feature. The loss is $1,750. Your initial deposit was $1,000. You suffered a loss of $1,750. So, you stand at a loss of $750, below your balance.

In such a case if you had the Negative Balance Protection, you suffer loss of just $1,000 and not more than this amount as your loss cannot cross your deposit. So, it is suggested to opt for a broker who provides Negative Balance Protection.

Margin Calls

Your broker is offered a facility known as a margin call. It keeps your account balance from going into negatives. However, in any case, if any extremely fast drastic move happens, your broker will not be able to close your trade instantly. On the other hand, the fast speed of the market renders it impossible to carry out your stop loss order.

If the price happens to go beyond your margin call or your established stop loss, it leads to a loss surpassing your trading account balance. This ultimately leads to a negative balance. When you choose a broker with negative balance protection, they ignore your negative balance and let your account start from zero again.

Financial Conduct Authority And Negative Balance Protection

United Kingdom's financial regulator FCA has asked all the firms under its regulation to meet the Negative Balance Protection or at the very least cover a certain degree of potential exposure risk occurred by investing traders.

Two years ago in July 2019, the FCA had revealed its measures meant to protect the funds of retail investors. Negative balance protection happened to be one of the announced measures.

They revealed restrictions on CFDs (foreign exchange rolling spot included) and CFD-centric options are quite similar to that of the ESMA. This fact does not come as a surprise considering the United Kingdom was still a part of the EU at the time.

The regulation is applicable to all MiFID (or Markets in Financial Instruments Directive) investment companies which market, supply, or sell CFDs or other options similar in nature. Under said regulation, it is impossible for traders to lose more money than they already have in their account.

The supervisory body further elaborated that the funds in a traders account actually mean funds particularly meant for the regulated speculative investments. That involves funds in the account as well as any dormant net income from open positions. However, it does not involve funds along with other assets present in the traders account that are not meant for trading in the regulated speculative investments.

Cyprus Securities And Exchange Commission And Negative Balance Protection

The Cyprus Securities and Exchange Commission (or CySEC) is a supervisory body aimed at overseeing collateral transactions, the investment services marketplace, and the investment and funds management sector belonging to the Republic of Cyprus. It was viewed to be ahead of its time compared to ESMA and other regulatory bodies, establishing negative balance protection in November 2016. The regulator elaborated further in September of 2017 that the safeguard would be applicable on a per account basis. For instance, if a trader has two separate leveraged positions with just one foreign exchange broker, in that case, the funds in position be utilized to make up for the negative balance induced by another position. The trading account in its entirety, however, will not go into negatives. Being involved with the EU, Cyprus regulations were in line with ESMA regulations taking into consideration retail investor security (rules of NBP included) when they entered into force. In September 2019, the CySEC released a separate legislation, making the ESMA limitations on CFD trade permanent.

This means funds from other accounts can be used to cover the negative balance if more than one account is opened at the same broker but with different leveraged positions.

Negative Balance Protection brokers listed All the brokers listed in this article have trading accounts that come with Negative Balance Protection. With negative balance protection your account balance cannot go beyond zero. This means there will be no loss beyond the deposited amount.

Which Brokers Offer Negative Balance Protection

eToro, XTB, IC Markets, Avatrade. All brokers that are regulated by the FCA in the UK.

Looking for a broker providing reputable negative protection can be quite tricky because the broker must suit your other trading needs as well. Some factors to look out for include:

Importance Of A Brokers History

An important factor that must never be when looking for a broker is their reputation and operational history. It is best to go with a broker having a solid financial history. Avoid brokers who unnecessarily hold on to your funds. A way you can go about this is to do a lot of research online to figure out what other users have to say about the broker you are eyeing. By going through their reviews, you could come across a lot of things, e.g., their slip ups, sanctions, and lawsuits. A broker must have an experience of at least 2 years.

Who They Are Regulated By

Make sure of that fact that your chosen broker is actually licensed and regulated under a reputable supervisory body or commission. Make sure by checking where the broker is based because different authorities have their own requirements regarding financial registration. Regulation and licensing offer the required insurance in the face of financial problems and fraud that the broker might run into. Such regulatory requirements make it necessary for brokers to store client funds and their own in separate accounts.

The Withdrawal Times Offered

Look into what funding procedures a broker provides and also whether there are any minimum withdrawal and deposit requirements involved. Although a lot of brokers enable traders to place funds in their accounts via bank cheques, credit cards, and wire transfer, it is still best for you to check whether they have favourable policies. It is best to seek out a broker offering fast, smooth, and hassle-proof withdrawal and deposit times.

Negative Balance Protection Forex

Negative Balance Protection is a feature that automatically resets the account balance to zero if it falls below zero after a stop out. Forex accounts are regarded to be highly leveraged, which increases the chance of losing more money than you put in. Traders who choose a broker that offers negative balance protection, on the other hand, cannot lose more money than they deposit. All Forex brokers regulated by the UKs FCA will have negative balance protection to stop Forex traders from losing more than their deposited amounts. Negative balance protection is a requirement by the UKs Financial Conduct Authority for FCA regulated brokers to operate.

Avoiding Negative Balances

It is possible to avoid a negative balance before it can even occur. Even though you will not be required to pay the negative amount when trading with forex brokers providing negative balance protection, your account balance will be recalibrated to zero. It ultimately means that you may end up losing all of your funds saved in your trading account. In order to protect your funds from going into negative, it is a good idea to check the quality of the broker you are appraising. Trading under a reputable forex broker could offer you numerous benefits when running your trading account.

STP Brokers

Even though retail traders are normally shielded from market volatility via negative balance protection, the same rule does not apply to the retail brokers that offer those options. If you take into consideration STP (Straight Through Processing) brokers, they are not offered the same type of protection from their Liquidity Providers (LP for short). This is because while the forex market assumes the opposite side of their customer positions, whereby allowing them to control their trading accounts. On the other hand, STP brokers counterbalance their risks by prioritizing an individual account with their Liquidity Providers. That is where their customer exposures are earned.

We've collected thousands of datapoints and written a guide to help you find the best Negative Balance Protection Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best negative balance protection brokers below.

Reputable Negative Balance Protection Brokers Checklist

There are a number of important factors to consider when picking an online Negative Balance Protection trading brokerage.

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

Our brokerage comparison table below allows you to compare the below features for brokers offering Negative Balance Protection Brokers.

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

Top 15 Negative Balance Protection Brokers of 2021 compared

Here are the top Negative Balance Protection Brokers.

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

All brokers below are negative balance protection brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more negative balance protection brokers that accept negative balance protection clients

Broker eToro XTB IC Markets Pepperstone XM FP Markets Plus500 EasyMarkets Trading212 Admiral Markets.com
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Min Deposit 50 No minimum deposit 200 200 5 100 100 100 1 200 250
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 250,000+ 180,000+ 89,000+ 3,500,000+ 10,000+ 15,500+ 142,500+ 15,000,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
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etoro
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xm
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fpmarkets
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plus500
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easymarkets
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trading212
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admiralmarkets
Sign Up with
marketscom
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Your capital is at risk Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Demo eToro
Demo
XTB
Demo
IC Markets
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Plus500
Demo
easyMarkets
Demo
Trading 212
Demo
Admiral Markets
Demo
Markets.com
Demo
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eToro Risk Disclosure

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

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

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


All Negative balance protection brokers in more detail

You can compare Negative Balance Protection Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Negative Balance Protection Brokers for 2021 article further below. You can see it now by clicking here

We have listed top Negative balance protection brokers below.

Negative Balance Protection Brokers List

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

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

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

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

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


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

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Markets.com
(4/5)
Min deposit : 250
Markets.com was established in 2008 and is used by over 10000+ traders. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)

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