Best Trading Tools Guide
Trading Tools
Trading tools are important for any trader to place successful trades and forfil their investment strategies on the financial markets.
Trading tools provide charts, analysis and other supporting graphics to explain whether to buy or sell a product.
Traders use trading tools to gain insight into market based on analysis and know the demand and supply metrics of securities.
However, often different technical indicators are used by traders. There are many options and it is suggested to choose the best one for your investment strategy, below are some suggestions:
On-Balance volume (OBV)
Traders use the on-balance volume indicator to know whether the volume is positive or negative and to what extent.
Accumulation/ distribution line (A/D line)
The term describes money flow either entering into a security or getting out of it. Unlike OBV which considers just the closing price here trading range for a certain period is taken into account.
Average Directional Index (ADX)
This is a trend indicator and helps a trader in measuring the momentum and strength of a trend.
If ADX is more than 40, a lot of directional strength takes place based on the price movement direction. Besides this, if the ADX is less than 20, the trend means non-trending or weak.
Aroon Indicator
It is a technical indicator and helps a trader to confirm if a security is in a trend and the price could hit either a new high or new low in a certain period.
It can also measure if a new trend may take place. The indicator is either up line or down line.
Moving Average Convergence Divergence (MACD)
It measures trend direction and momentum revealing trade signals. If it is 0, the price is high. If it is negative, MACD enters a bearish period. The indicator is either a MACD line or a signal line.
Relative Strength Index
RSI moves between 0 and 100 to reveal recent gain or loss in prices. It gauges momentum as well as the strength of the trend. Traders usually refer to the RSI to understand if an asset shows oversold or overbought indicators.
Sochastic Oscillator
A stochastic oscillator measures the current price with respect to the price range over more than one period.
A stochastic oscillator moves between 0 and 100 revealing up-trend means the price to reach new high and vice versa. It is used to consider oversold or overbought. Below 20 means oversold while above 80 means overbought.
Trading Tools Verdict
Trading tools always help traders to invest safely. The tools provide analysis of marketing insights including price movement.
However, there are hundreds of indicators but only a handful of those are successful.
It is suggested to read reviews of the trading tools before using them to help in trading.
We've collected thousands of datapoints and written a guide to help you find the best Trading Tools 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 trading tools below. You can go straight to the broker list here.
Reputable Trading Tools Checklist
There are a number of important factors to consider when picking an online Trading Tools trading brokerage.
- Check your Trading Tools has a history of at least 2 years.
- Check your Trading Tools has a reasonable sized customer support of at least 15.
- Does the Trading Tools fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Trading Tools has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Trading Tools have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Trading Tools can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Trading Tools.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Trading Tools.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Trading Tools of 2020 compared
Here are the top Trading Tools.
Compare Trading Tools min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are trading tools. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more trading tools that accept trading tools clients
| Broker |
eToro
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Trading212
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XTB
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IC Markets
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Pepperstone
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Plus500
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FXPrimus
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Roboforex
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EasyMarkets
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AvaTrade
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | 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), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
| Min Deposit | 200 | 1 | No minimum deposit | 200 | 200 | 100 | 100 | 1 | 100 | 250 |
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| Used By | 12,000,000+ | 14,000,000+ | 250,000+ | 60,000+ | 10,000+ | 15,500+ | 10,000+ | 10,000+ | 142,500+ | 200,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | 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 | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with trading212 |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with plus500 |
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Up with fxprimus |
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Up with roboforex |
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Up with easymarkets |
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Up with avatrade |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider |
| Demo |
eToro Demo |
Trading 212 Demo |
XTB Demo |
IC Markets Demo |
Pepperstone Demo |
Plus500 Demo |
FXPrimus Demo |
Roboforex Demo |
easyMarkets Demo |
AvaTrade Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | US, IN, PK, BD, NG , ID, BE | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BR, KR, IR, IQ, SY, JP, US | BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG |
All Trading tools in more detail
You can compare Trading Tools 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 Tools for 2020 article further below. You can see it now by clicking here
We have listed top Trading tools below.
Trading Tools Table of Contents
- Trading Tools Explained
- 6 Factors to Consider when Choosing Trading Tools
- Are Your Trading Tools Trusted And Established?
- Are The Trading Tools World Leading?
- What are the Trading Tools Commissions and Fees?
- What are the Trading Tools Funding and Withdrawl Methods?
- Find Trading Tools with Round-the-clock support?
- Make sure the Trading Tools Offer Comprehensive Trader resources?
- Why do Trading Tools need to be regulated?
- Trading Tools FAQ
- What are the best Trading tools brokers?
- What is the best Trading tool broker?
- Related Trading Tools Reviews
- Related Trading Tools Alternatives
- Related Trading Tools Comparisons
Trading Tools Explained
Trading the financial markets with Trading Tools when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Trading Tools is the platform that a Trading Tools offer.
Choose Trading Tools that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Trading Tools that you can rely on.
6 Factors to Consider when Choosing Trading Tools
Follow these five rules for selecting a broker that's right for you:
Are Your Trading Tools Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Trading Tools broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Trading 212.
Trading 212 was established 2006, and in operation for 14 years Trading 212 have a head office in UK.
Trading 212 is regulated. This means Trading 212 are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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Trading212
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XTB
|
IC Markets
|
Pepperstone
|
Plus500
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| Year Established | 2006 | 2006 | 2002 | 2007 | 2010 | 2008 |
| Head Office | Cyprus, UK | UK | Poland | Australia | Australia | Israel |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | 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 |
| Used By | 12,000,000+ | 14,000,000+ | 250,000+ | 60,000+ | 10,000+ | 15,500+ |
| Negative balance protection | No | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | Yes | No | No | No | No |
| Learn More | Visit eToro | Visit Trading 212 | Visit XTB | Visit IC Markets | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 80.5% 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. |
Are The Trading Tools World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro 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 Tools is Trading 212 . Trading 212 Segregates clients funds and offers over 3000 instruments.
| Broker |
eToro
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Trading212
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XTB
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IC Markets
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Pepperstone
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Plus500
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| Instruments Available | 100 | 3000 | 1,500 | 232 | 100 | 2,000 |
| Platforms | Web Trader, Tablet & Mobile apps | 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 | Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | 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 | BR, KR, IR, IQ, SY, JP,US | BE, US, CA ,CN, SG, ID, PH |
| Forex pairs offered | 50 | 177 | 50 | 65 | 70 | 100 |
| Forex pairs offered | 50 | 177 | 50 | 65 | 70 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 0 | 14 | 21 | 19 | 16 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 957 | 1731 | 1696 | 100 | 60 | 1816 |
| UK Shares | Yes | Yes | Yes | No | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Trading Tools Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Trading Tools broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated Trading Tools broker Trading 212 offers Stocks, Forex, Commodities, Indices. Trading 212 minimum deposit is 1.
| Broker |
eToro
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Trading212
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XTB
|
IC Markets
|
Pepperstone
|
Plus500
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| Min Deposit | 200 | 1 | 0 | 200 | 200 | 100 |
| Withdrawl Fees | Yes | No | varies | No | No | No |
| Inactivity Fees | Yes | No | No | No | Yes | Yes |
| Deposit Fees | No | No | No | Varies | No | No |
| CFD Commission Fees | No | No | Yes | Yes | Yes | No |
What are the Trading Tools Funding and Withdrawal Methods?
When dealing with Trading Tools having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
Trading212
|
XTB
|
IC Markets
|
Pepperstone
|
Plus500
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | Yes | Yes | Yes |
| Payoneer | Yes | No | Yes | Yes | No | |
| Neteller | Yes | No | Yes | Yes | Yes | No |
Find Trading Tools with Round-the-clock support?
Customer service is very important when dealing with Trading Tools.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Trading Tools customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
eToro and Trading 212 offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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Trading212
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XTB
|
IC Markets
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Pepperstone
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Plus500
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| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit eToro | Visit Trading 212 | Visit XTB | Visit IC Markets | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 80.5% 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. |
Make sure the Trading Tools Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and Trading 212 work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Trading Tools need to be regulated?
A regulated Trading Tools broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Trading Tools brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Trading Tools List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account