Top Trading Steel for 2025
We found 11 online brokers that are appropriate for Trading Trading Steel.
trading steel broker Guide
Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - January 20, 2025
Trading Steel Explained With Examples
Trading Steel, a versatile alloy of iron and carbon, plays a pivotal role in modern society, serving as the backbone for industries such as construction, transportation, manufacturing, and consumer goods. The process of trading Steel contributes significantly to global markets due to its unique properties, such as high tensile strength, durability, and affordability, making it indispensable in creating everything from skyscrapers and bridges to vehicles and household appliances. The practice of trading Steel goes beyond just material production; it has profound implications for global trade, economic growth, and technological advancement.
Trading European Steel Example
Imagine you're looking to trade European Steel, which is currently priced at $657 per metric ton. You have $10,000 allocated for this trade. Here's how this could play out, and what you should keep in mind when trading steel.
Understanding the Steel Market
Steel, as a commodity, is highly influenced by factors such as demand from the construction and manufacturing sectors, international trade policies, tariffs, and environmental regulations. These factors make steel prices volatile, and as a trader, you must keep track of market-moving events like changes in raw material costs (iron ore and coal), energy prices, and global supply chain disruptions.
With $10,000 and the price of European Steel at $657 per metric ton, you could purchase approximately 15.22 metric tons of steel ($10,000 ÷ $657). Now, let’s explore the possible outcomes of this trade.
If the Trade Goes in Your Favor
If demand for steel increases, or supply is disrupted due to factors like global shortages or higher production costs, the price of European Steel could rise. Suppose the price increases to $700 per metric ton. In this scenario, your 15.22 metric tons would now be worth $10,654 ($700 × 15.22). You would have made a profit of $654.
However, steel prices are often influenced by unpredictable factors such as geopolitical tensions, tariffs, or environmental policies that limit steel production. A sudden surge in demand due to infrastructure projects or an increase in construction activity can push prices up, but these situations may also reverse quickly. Therefore, while you might consider closing your position at a profit, keeping a close watch on the market is essential.
If the Trade Goes Against You
On the other hand, if the market moves against you, say steel prices drop to $600 per metric ton due to an oversupply or weaker global demand (for instance, a slowdown in the construction industry), your position would now be worth $9,132 ($600 × 15.22). In this case, you would be facing a loss of $868.
Steel prices can also be impacted by government interventions, such as imposing or lifting tariffs, subsidies to local producers, or even new environmental regulations. For example, if new carbon emission rules make steel production more expensive, it could reduce supply, pushing prices up, but if the global economy slows, demand might decrease, driving prices down. Understanding these specific risks is crucial when trading steel.
Unique Risks in Trading Steel
When trading steel, you need to be aware of some unique risks associated with this commodity:
- Supply Chain Disruptions: Steel production is highly dependent on the availability of raw materials like iron ore and coal. Any disruption in the supply chain, such as strikes at mines, transportation issues, or natural disasters, can affect prices.
- International Trade Policies: Steel is often subject to tariffs and quotas. Changes in trade agreements, sanctions, or tariffs can drastically alter prices, especially with major producers like China, the EU, or the U.S. involved.
- Environmental Regulations: Steel production is a carbon-intensive process, and new regulations aimed at reducing emissions can increase production costs or limit supply, leading to price fluctuations.
- Market Sentiment: Steel demand is closely tied to global economic activity. A downturn in the construction, automotive, or manufacturing industries can lead to reduced demand, causing prices to fall.
Steel Production and Global Landscape
The global steel industry is characterized by a few dominant players that significantly influence market dynamics. China is by far the largest producer, accounting for more than half of the world's total steel output. Following China are major producers like Japan, India, the United States, Russia, and South Korea. Each of these countries has distinct production capacities, strategies, and governmental policies that shape the global supply chain and trade flows. Understanding the production landscape is key to grasping how fluctuations in steel supply and demand impact the global economy.
Recent Trends in Steel Trading
Technological Advancements
The steel industry is currently undergoing a transformation driven by technological advancements. The widespread adoption of electric arc furnaces (EAFs), which use electricity to melt scrap steel, has enhanced production efficiency, while continuous casting processes have improved the quality and consistency of steel products. These advancements not only increase energy efficiency but also reduce emissions, positioning the industry toward a more sustainable future. Moreover, automation and artificial intelligence (AI) are being integrated to optimize production processes, reduce costs, and enhance worker safety.
Shift Towards Green Steel
Environmental concerns are reshaping the steel industry, leading to a growing focus on 'green steel.' Green steel refers to steel produced with reduced or no carbon emissions, often using renewable energy sources like wind, solar, or hydrogen. Companies are also exploring circular economy principles, where steel is recycled and reused to minimize waste. This shift aligns with global efforts to combat climate change, as steel production is traditionally one of the largest industrial contributors to CO2 emissions. As a result, many companies are investing in research and development to pioneer low-emission production methods.
Trade Dynamics With Steel
The global steel market has been significantly influenced by trade dynamics in recent years. Trade tensions between major steel-producing countries, exacerbated by tariffs and quotas, have disrupted traditional trade routes. The imposition of steel tariffs by countries like the United States and retaliatory measures from trade partners have led to market fluctuations, supply chain disruptions, and increased volatility in steel prices. Additionally, the rise of protectionism and the threat of trade wars have made it difficult for steel producers to navigate international markets, often leading to overproduction or shortages in certain regions.
Factors Influencing Steel Prices
Several factors directly influence the price of steel, making the market highly dynamic and often unpredictable. A deep understanding of these factors is crucial for investors, businesses, and policymakers:
Steel And Economic Growth
The level of global economic growth, especially in developing countries, directly correlates with steel demand. Infrastructure development, such as roads, bridges, and buildings, requires significant steel input. As emerging markets invest heavily in urbanization and industrialization, the demand for steel surges, driving up prices. Conversely, economic slowdowns can lead to a reduction in steel demand and a corresponding drop in prices.
Steel Infrastructure Investment
Government investment in infrastructure is a key driver of steel demand. Projects like highways, airports, energy plants, and housing developments require substantial amounts of steel. Countries with large-scale infrastructure initiatives, such as China’s Belt and Road Initiative, have a significant impact on global steel demand. In addition, public investment in energy infrastructure, including renewable energy projects, further drives steel consumption.
Automotive Industry And Steel
The automotive sector is one of the largest consumers of steel, with cars, trucks, and other vehicles requiring various steel components for frames, engines, and body panels. Therefore, the health of the automotive industry has a direct effect on steel demand and pricing. A surge in vehicle production or technological innovation in the sector can increase steel consumption, while a slowdown or shift to alternative materials like aluminum could reduce demand.
Steel Trade Policies
Trade policies, particularly tariffs, quotas, and sanctions, can greatly influence steel prices by altering supply and demand balances. For instance, import restrictions may limit the availability of foreign steel, driving up prices domestically, while trade barriers can disrupt international supply chains. Trade disputes between major producing and consuming countries create uncertainty in the market, affecting price stability.
Steel Raw Material Costs Affect On Price
The price of raw materials involved in producing steel which is iron ore, coal and other metals, is a major determinant of steel production costs. Volatility in these raw material markets, whether due to supply chain disruptions, geopolitical issues, or natural disasters, can significantly impact steel prices. A sharp increase in raw material costs typically leads to a corresponding rise in steel prices as producers pass on the higher costs to consumers.
The Role of Trade Agreements On Steel
Trade agreements are central to the functioning of the global steel market, influencing the flow of steel products across borders and promoting market stability. These agreements aim to reduce tariffs, remove barriers, and encourage free trade, which facilitates smoother international exchanges of steel. However, the complexity of trade negotiations and the renegotiation of agreements introduce uncertainty into the market, affecting both producers and consumers.
Key Trade Agreements On Steel
North American Free Trade Agreement (NAFTA)
NAFTA, which was replaced by the United States-Mexico-Canada Agreement (USMCA), has had a significant influence on the steel trade in North America. By reducing trade barriers between the U.S., Canada, and Mexico, the agreement allowed for easier movement of steel products across borders, bolstering regional economic cooperation. Under USMCA, the steel trade continues to be a vital component of the integrated North American supply chain.
European Union (EU)
The European Union maintains a common market for steel, ensuring that steel products can move freely among member states. This framework fosters competition and cooperation among European producers, while external trade agreements between the EU and non-member countries govern the import and export of steel products. The EU’s focus on sustainability and green steel production also plays a crucial role in shaping its steel industry policies.
World Trade Organization (WTO)
The WTO provides the overarching rules that govern international trade, including the steel industry. It sets the legal framework for trade disputes, tariff regulations, and anti-dumping measures. While the WTO aims to promote free trade and reduce unfair practices, disputes within the organization can result in prolonged negotiations and market uncertainty, impacting global steel trade.
Expert Insights in Trading Steel
Dr. Richard Fruehan, Professor Emeritus of Materials Science and Engineering at Carnegie Mellon University, emphasizes the ongoing transformation in the steel industry:
'The steel industry is undergoing a period of rapid transformation, driven by technological advancements and growing environmental concerns. The shift towards green steel production presents both challenges and opportunities for the industry. Companies must innovate to stay competitive while also meeting environmental regulations.'
Lakshmi Mittal, Executive Chairman of ArcelorMittal, highlights the importance of fair trade practices:
'Trade agreements play a vital role in ensuring the smooth flow of steel products across borders. However, it is essential to address trade imbalances and unfair trade practices to maintain a level playing field. Without equitable policies, some producers may gain an unfair advantage, distorting market prices and competition.'
Future Outlook of the Steel Industry
The future of the steel industry presents a complex mix of challenges and opportunities. While the demand for steel is expected to remain robust, especially in developing countries, the industry faces immense pressure to adapt to environmental regulations and innovate to reduce its carbon footprint. Simultaneously, advancements in materials science, digitalization, and automation offer new pathways for growth and efficiency. However, the industry's ability to navigate evolving trade policies and geopolitical tensions will be critical to its future success.
Key Future Trends Effecting Steel
Circular Economy Effect On Steel Price
The steel industry is increasingly adopting circular economy principles, emphasizing the importance of recycling and reusing steel products. As steel is 100% recyclable, this model aims to reduce waste and conserve natural resources, which could significantly lower the industry's environmental impact.
Advanced Materials Effect On Steel Price
Researchers and manufacturers are developing new advanced materials, such as high-strength steels and steel-based composites, which provide enhanced performance while reducing material weight. These innovations hold great potential, particularly in the automotive and aerospace industries, where lightweight materials are in high demand.
Digitalization Effect On Steel Price
The steel industry is rapidly adopting digital technologies, including AI, big data analytics, and automation. These innovations enhance production efficiency, improve quality control, and reduce operational costs. Digitalization also enables better supply chain management, helping companies respond quickly to market changes and customer demands.
Steel Trading Verdict
The steel industry is a critical component of the global economy, with far-reaching implications for infrastructure, trade, and technological progress. By staying attuned to the factors influencing steel prices, the impact of trade agreements, and the industry’s evolving trends, businesses and investors can make informed decisions to capitalize on opportunities and navigate the challenges ahead. As the industry continues to innovate and adapt, its role in shaping the future of industrial development and sustainability will remain paramount.
We have conducted extensive research and analysis on over multiple data points on Trading Steel to present you with a comprehensive guide that can help you find the most suitable Trading Steel. Below we shortlist what we think are the best trading steel brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Steel.
Reputable trading steel broker Checklist
Selecting a reliable and reputable online Trading Steel 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 Trading Steel more confidently.
Selecting the right online Trading Steel trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Trading Steel broker has a solid track record of at least two years in the industry.
- Verify that the Trading Steel broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Trading Steel 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 Trading Steel broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Trading Steel brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Trading Steel 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 Trading Steel Brokers in Our Brokerage Comparison Table
When choosing a broker for trading steel trading, it's essential to compare the different options available to you. Our trading steel 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 trading steel broker.
- The funding methods available for trading steel with each broker.
- The types of instruments you can trade with each trading steel broker, such as forex, stocks, commodities, and indices.
- The trading platforms each trading steel broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each trading steel broker affects the cost of trading.
- The level of customer support each trading steel broker offers, including their availability, responsiveness, and quality of service.
- Whether each trading steel broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a trading steel broker that best suits your needs and preferences for trading steel. Our trading steel broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Trading Steel Brokers of 2025 compared
Here are the top Trading Steel Brokers.
Compare trading steel brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a trading steel broker, it's crucial to compare several factors to choose the right one for your trading steel needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are trading steel brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more trading steel brokers that accept trading steel 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 |
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Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% 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 | Losses can exceed deposits | 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 Trading steel brokers in more detail
You can compare Trading Steel 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 Trading Steel Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Trading steel brokers below.
trading steel broker Table of Contents
- trading steel broker Explained
- 6 Factors to Consider when Choosing trading steel broker
- Are Your trading steel broker Trusted And Established?
- Are The trading steel broker World Leading?
- What are the trading steel broker Commissions and Fees?
- What are the trading steel broker Funding and Withdrawl Methods?
- Find trading steel broker with Round-the-clock support?
- Make sure the trading steel broker Offer Comprehensive Trader resources?
- Why trading steel broker needs to be regulated?
- trading steel broker FAQ
- What are the best Trading steel brokers?
- What is the best Trading steel broker?
- Related trading steel broker Reviews
- Related trading steel broker Alternatives
- Related trading steel broker Comparisons
trading steel broker Explained
Trading volatile financial markets with trading steel broker can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by trading steel broker to ensure a successful trading experience.
Selecting trading steel broker 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 trading steel broker markets effectively.
Reliability is key to gaining access to financial markets. Look for trading steel broker that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with trading steel broker confidently.
6 Factors to Consider when Choosing trading steel broker
Follow these five rules for selecting trading steel broker that are right for you:
Are Your trading steel broker Trusted And Established?
Search for a reputable trading steel broker with a extensive proven track record for trading steel broker, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated trading steel broker 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
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| 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 | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% 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 trading steel broker World Leading?
Opt for trading steel broker 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 trading steel broker 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 trading steel broker Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated trading steel broker broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated trading steel broker 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 trading steel broker Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with trading steel broker. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with trading steel broker.
| 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 trading steel broker with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with trading steel broker.
trading steel broker 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 trading steel broker 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 | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% 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 trading steel broker Offer Comprehensive Trader resources?
It's important to ensure your trading steel broker 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 trading steel broker. 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 trading steel broker.
Why trading steel broker needs to be regulated?
Regulated trading steel broker lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated trading steel broker.
Consumers are protected by trading steel broker regulation, critical to preventing inadequate services and potential financial harm.
Regulation of trading steel broker is necessary to prevent fraud. The trading steel broker working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with trading steel broker is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
trading steel broker 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. 51% 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