Unregulated Forex Brokers for 2026
We found 11 online brokers that are appropriate for Trading Forex Brokers.
Unregulated Forex Brokers Guide
Analysis by Andrew Blumer, Updated Last updated – February 15, 2026
Unregulated Forex Brokers
Understanding the risks and occasional benefits of unregulated forex brokers has been a hard earned lesson for me. Early in my trading journey, I was lured by offers of 500:1 leverage on the EUR/USD or 1000:1 on GBP/JPYopportunities few regulated brokers would allow. However, trading without regulatory oversight exposed me to sudden stop loss hunting, withdrawal delays stretching weeks, and at least one instance where my account was simply frozen without explanation. In June 2024, for example, French regulators blacklisted platforms like westhillcapital.pro after hundreds of complaints about non withdrawals and opaque pricingproof that cheap access can cost you far more than spreads.
While regulated forex brokers answer to authorities such as the CFTC, FCA, or ASIC (ensuring client funds are segregated and audited), unregulated brokers operate without these guardrails. That can translate to lightning fast account openings and no minimum depositsbut also zero recourse if they decide to manipulate prices, delay your withdrawals indefinitely, or vanish altogether.
This article shares my personal experiences trading with both types of brokers, outlines the main risks and occasional upsides of unregulated platforms, and offers practical tipsusing real forex pair examples like USD/JPY and AUD/USDto help you decide whats right for your strategy.
Disclaimer: Forex trading is inherently risky and can wipe out your entire account. Dealing with unregulated brokers adds another layer of danger. Proceed only after careful consideration.
What Are Unregulated Forex Brokers?
Unregulated brokers are firms that accept client deposits and execute trades without a license from a recognized financial authority. Unlike regulated counterparts, they arent required to:
- Keep client funds in segregated bank accounts,
- Maintain minimum capital reserves, or
- Submit to regular compliance audits.
In my experience trading GBP/USD and USD/CHF with such platforms, the lack of transparency meant I never knew if my counterparty was a legitimate liquidity provideror simply another trader taking the opposite side of my trade.
By contrast, regulated brokers must meet capital adequacy requirements, undergo third party audits, and participate in investor compensation schemes (such as the FSCS in the UK), fostering trust and accountability.
Warning: If youre new to forex, steer clear of unregulated brokers. Even as an experienced trader, only consider them if you can absorb potential total losses and have contingency plans (e.g., splitting your capital across multiple platforms).
Key Differences in Forex Regulatory Oversight
The core distinction is compliance. Regulated brokers adhere to rules on capital, reporting, and client fund segregation. Unregulated brokers have no such obligations, making them fertile ground for:
- Fraud: Some disappear after collecting deposits, especially during volatile swings in EUR/GBP or NZD/USD.
- Price Manipulation: Ive seen bid ask spreads on USD/CAD balloon from 1 pip to 10 pips in thin marketsclassic stop loss hunting.
- Withdrawal Blocks: Delays of 30+ days are common, sometimes paired with opaque compliance reviews.
Client Protection and Broker Accountability
With regulated brokers, if you face wrongful account freezes or execution errors, you can escalate to the FCA, ASIC, or CFTC for resolution. An unregulated broker offers no such pathwayyour complaint is limited to email threads and hope.
Should You Choose an Unregulated Forex Broker?
There are a few scenarios where Ive returned to unregulated brokers:
- High Leverage Needs: Trading exotic pairs like USD/TRY at 1,000:1 leverage when regulated platforms capped me at 200:1.
- Niche Products: Some unregulated venues offer bespoke swaps or forwards on commodity linked FX pairs.
- No Deposit Minimum: Great for testing small strategies on AUD/JPY without risking more than $10.
However, these perks come at the cost of security. Most tradersespecially beginnersare better off with a regulated broker offering up to 30:1 leverage on EUR/USD or GBP/USD, plus negative balance protection.
Important: Only trade with unregulated brokers if you fully understand the risks, limit your position sizes, and diversify your counterparty exposure.
Forex Trading: Regulated vs Unregulated Brokers
Below is a comparison of the two, using practical examples like trading EUR/USD and GBP/JPY:
| Feature | Regulated Brokers | Unregulated Brokers |
|---|---|---|
| Regulatory Oversight | Monitored by CFTC, FCA, ASIC, etc. | Operating without any licensing |
| Client Fund Segregation | Requiredyour GBP/USD profits are ring fenced | Often commingled; your AUD/USD deposit at risk |
| Transparency | Regular audits, public financials | No audits; opaque pricing and execution |
| Investor Protection | Eligible for compensation schemes (e.g. FSCS) | No protectionlosses are final |
| Trading Conditions | Tighter spreads on EUR/USD (0.51.5 pips) | Variable spreads (210 pips) and slippage |
| Withdrawal Reliability | Typically processed within 13 business days | Delays of 24 weeks or outright refusal |
| Best For | Retail traders seeking stability | Advanced traders needing ultra high leverage |
Pros of Regulated Brokers
Security: Your funds are held in segregated accounts by banks approved under oversight bodies like the FCA or ASIC, giving you recourse if the broker becomes insolvent.
Trust: Regulated firms publish quarterly financials and maintain minimum capital (often $20 million+), bolstering confidence in their viability.
Dispute Resolution: Formal channels existombudsman services and regulator investigationsto help recover lost funds or resolve execution disputes.
Pros and Risks of Unregulated Brokers
Pros:
- Access to higher leverage (e.g., 500:1 on USD/JPY).
- No minimum depositsstart with as little as $5 on AUD/USD.
- Broader product offerings, including exotic pairs and crypto FX hybrids.
Risks:
- Fraud Risk: Platforms can vanish overnight with your account balance.
- Withdrawal Issues: Expect lengthy, opaque compliance checks before funds release.
- Price Manipulation: Ive personally seen stop loss orders on GBP/JPY triggered unfairly during thin Asian hours.
- No Recourse: No regulator means no legal or financial fallback if things go wrong.
Important Considerations When Choosing a Forex Broker
Risk Management Tools: Ensure stop loss orders, negative balance protection, and margin calculators are available.
Diversification: Avoid putting all your trades or capital with one broker. I split my USD/CHF positions across three regulated platforms to mitigate counterparty failure.
Regulatory Status: Always verify a brokers license number on the regulators website. For instance, check ASICs register for an Australian broker or the CFTCs for a US entity.
Responsible Trading Best Practices
Whether regulated or not, start with a demo account to refine strategies on pairs like EUR/GBP or NZD/CAD. Only switch to live funds once you consistently profit and have tested your risk parameters.
Define your risk tolerancenever expose more than 12% of your equity per trade. Emotional trading (revenge trading after a stopped out USD/JPY position, for example) is a fast track to blowing your account.
Invest only disposable income. Your forex capital should never come from essential savings or credit lines.
Finally, stay informed: follow regulators blacklists, read market analysis, and attend webinars. Continuous learning helped me avoid a major loss in March 2025 when several unregulated platforms were suddenly blocked in Singapore from June 20, 2025 onward.
Unregulated Forex Brokers Verdict
Over the years, Ive learned firsthand that trading with unregulated forex brokers can be a double edged sword: while they sometimes offer eye watering leverage (500:1 on EUR/USD, 1000:1 on GBP/JPY) and zero deposit minimums, they also carry a high risk of stop loss hunting, opaque pricing, withdrawal freezes, and outright fraud.
By contrast, regulated brokers overseen by bodies such as the FCA, CFTC, or ASIC enforce capital adequacy, segregate client funds (with FSCS protection in the UK), and submit to regular auditsproviding clear channels for dispute resolution and greater peace of mind.
Despite the allure of exotic pairs and ultra high leverage on platforms outside regulation, most tradersespecially those new to FXare better served by brokers that cap leverage (e.g., 30:1 on EUR/USD), offer negative balance protection, and guarantee withdrawals within 13 business days.
If you do choose an unregulated broker, limit your exposure: trade small position sizes on pairs like AUD/JPY or USD/TRY, split your capital across multiple providers, and always keep a demo account to test execution before committing real funds.
Disclaimer: Forex trading always carries the risk of losing your entire investment; using unregulated brokers amplifies that risk. Proceed only after thorough research, strict risk management, and a clear understanding of the potential downsides.
While unregulated forex brokers may offer tempting benefits, the risks far outweigh the rewards for most traders. If you're a beginner or a cautious investor, choose a regulated forex broker for a safer, more transparent, and professional trading environment.
We have conducted extensive research and analysis on over multiple data points on Unregulated Forex Brokers to present you with a comprehensive guide that can help you find the most suitable Unregulated Forex Brokers. Below we shortlist what we think are the best Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Unregulated Forex Brokers.
Reputable Unregulated Forex Brokers Checklist
Selecting a reliable and reputable online Forex Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex Brokers more confidently.
Selecting the right online Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Forex Brokers broker has a solid track record of at least two years in the industry.
- Verify that the Forex Brokers broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Forex Brokers 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 Forex Brokers broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Forex Brokers brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Forex Brokers 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 Forex Brokers in Our Brokerage Comparison Table
When choosing a broker for Forex Brokers trading, it's essential to compare the different options available to you. Our Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Forex Brokers broker.
- The funding methods available for Forex Brokers with each broker.
- The types of instruments you can trade with each Forex Brokers broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Forex Brokers broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Forex Brokers broker affects the cost of trading.
- The level of customer support each Forex Brokers broker offers, including their availability, responsiveness, and quality of service.
- Whether each Forex Brokers broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Forex Brokers broker that best suits your needs and preferences for Forex Brokers. Our Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Forex Brokers of 2026 compared
Here are the top Forex Brokers.
Compare Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Brokers broker, it's crucial to compare several factors to choose the right one for your Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Brokers that accept Forex Brokers clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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| Regulation | International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd | RoboForex Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize under licence No. 000138/32, under the Securities Industry Act 2021, RoboForex Ltd is an (A category) member of The Financial Commission, also RoboForex Ltd is a participant of the Financial Commission 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, eToro (ME) Limited (ADGM) Abu Dhabi (UAE) number 220073, eToro (Europe) Ltd (AMF) Autorité des marchés financiers as a digital assets provider France | FCA (Financial Conduct Authority reference 522157) XTB Limited, CySEC (Cyprus Securities and Exchange Commission reference 169/12), DFSA (Dubai Financial Services Authority XTB MENA Limited licensed 8 July 2021), FSA (Financial Services Authority Seychelles license number SD148), FSCA (Financial Sector Conduct Authority XTB Africa (Pty) Ltd licensed 10 August 2021), KNF (Komisja Nadzoru Finansowego Polish Financial Supervision Authority) | Financial Sector Conduct Authority (FSCA) (49976) XM ZA (Pty) Ltd, Financial Services Commission (FSC) (000261/27) XM Global Limited, 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) Ava Trade Japan K.K. (1574), Abu Dhabi Global Markets (ADGM) / Financial Regulatory Services Authority (FRSA) Ava Trade Middle East Ltd (190018), Central Bank of Ireland (C53877) AVA Trade EU Ltd, Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd (branch authorisation), British Virgin Islands Financial Services Commission (BVI) Ava Trade Markets Ltd (SIBA/L/13/1049), Israel Securities Authority (ISA) ATrade Ltd (514666577), Financial Superintendence of Colombia (SFC 0261 of 2024), Investment Industry Regulatory Organization of Canada through Friedberg Direct (IIROC) | 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) (SD 130) | Easy Forex Trading Ltd is regulated by CySEC (License Number 079/07). Easy Forex Trading Ltd is the only entity that onboards EU clients, easyMarkets Pty Ltd is regulated by ASIC (AFS License No. 246566), EF Worldwide Ltd in Seychelles is regulated by FSA (License Number SD056), EF Worldwide Ltd in the British Virgin Islands is regulated by FSC (License Number SIBA/L/20/1135) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835), licence in Ireland as remote bookmaker for fixed odds betting licence number 1016176 | 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+ | 40,000,000+ | 2,000,000+ | 15,000,000+ | 830,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 11,200,000+ |
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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 |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 50% of retail investor accounts lose money when trading CFDs with this provider. | 70% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% 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. | 72-95 % of retail investor accounts lose money when trading CFDs | 57% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 62% of retail CFD accounts lose money | 74% 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 Forex Brokers in more detail
You can compare Forex 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 Forex Brokers for 2026 article further below. You can see it now by clicking here
We have listed top Forex Brokers below.
Unregulated Forex Brokers Table of Contents
- Unregulated Forex Brokers Explained
- 6 Factors to Consider when Choosing Unregulated Forex Brokers
- Are Your Unregulated Forex Brokers Trusted And Established?
- Are The Unregulated Forex Brokers World Leading?
- What are the Unregulated Forex Brokers Commissions and Fees?
- What are the Unregulated Forex Brokers Funding and Withdrawl Methods?
- Find Unregulated Forex Brokers with Round-the-clock support?
- Make sure the Unregulated Forex Brokers Offer Comprehensive Trader resources?
- Why Unregulated Forex Brokers needs to be regulated?
- Unregulated Forex Brokers FAQ
- What are the best Forex Brokers brokers?
- What is the best Forex B broker?
- Related Unregulated Forex Brokers Reviews
- Related Unregulated Forex Brokers Alternatives
- Related Unregulated Forex Brokers Comparisons
Unregulated Forex Brokers Explained
Trading volatile financial markets with Unregulated Forex Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Unregulated Forex Brokers to ensure a successful trading experience.
Selecting Unregulated Forex Brokers 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 Unregulated Forex markets effectively.
Reliability is key to gaining access to financial markets. Look for Unregulated Forex Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Unregulated Forex Brokers confidently.
6 Factors to Consider when Choosing Unregulated Forex Brokers
Follow these five rules for selecting Unregulated Forex Brokers that are right for you:
Are Your Unregulated Forex Brokers Trusted And Established?
Search for a reputable Unregulated Forex Brokers with a extensive proven track record for Unregulated Forex, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Unregulated Forex broker is IC Markets. Established in 2007, and in operation for 19 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 International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 17 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd regulatory bodies.
| 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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|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| Regulation | International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd | RoboForex Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize under licence No. 000138/32, under the Securities Industry Act 2021, RoboForex Ltd is an (A category) member of The Financial Commission, also RoboForex Ltd is a participant of the Financial Commission 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, eToro (ME) Limited (ADGM) Abu Dhabi (UAE) number 220073, eToro (Europe) Ltd (AMF) Autorité des marchés financiers as a digital assets provider France | FCA (Financial Conduct Authority reference 522157) XTB Limited, CySEC (Cyprus Securities and Exchange Commission reference 169/12), DFSA (Dubai Financial Services Authority XTB MENA Limited licensed 8 July 2021), FSA (Financial Services Authority Seychelles license number SD148), FSCA (Financial Sector Conduct Authority XTB Africa (Pty) Ltd licensed 10 August 2021), KNF (Komisja Nadzoru Finansowego Polish Financial Supervision Authority) | Financial Sector Conduct Authority (FSCA) (49976) XM ZA (Pty) Ltd, Financial Services Commission (FSC) (000261/27) XM Global Limited, 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) Ava Trade Japan K.K. (1574), Abu Dhabi Global Markets (ADGM) / Financial Regulatory Services Authority (FRSA) Ava Trade Middle East Ltd (190018), Central Bank of Ireland (C53877) AVA Trade EU Ltd, Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd (branch authorisation), British Virgin Islands Financial Services Commission (BVI) Ava Trade Markets Ltd (SIBA/L/13/1049), Israel Securities Authority (ISA) ATrade Ltd (514666577), Financial Superintendence of Colombia (SFC 0261 of 2024), Investment Industry Regulatory Organization of Canada through Friedberg Direct (IIROC) | 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) (SD 130) |
| Used By | 200,000+ | 730,000+ | 40,000,000+ | 2,000,000+ | 15,000,000+ | 830,000+ | 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 | 50% of retail investor accounts lose money when trading CFDs with this provider. | 70% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% 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. | 72-95 % of retail investor accounts lose money when trading CFDs | 57% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Unregulated Forex Brokers World Leading?
Opt for Unregulated Forex Brokers 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 Unregulated Forex Brokers 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 | 7000 | 10900 | 1464 | 2700 | 1250 | 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 | 65 | 40 | 65 | 69 | 55 | 93 | 53 | 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 | 28 | 100 | 67 | 27 | 8 | 40 | 19 | 29 |
| 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 | 8484 | 7246 | 6617 | 1350 | 1100 | 647 | 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 Unregulated Forex Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Unregulated Forex broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Unregulated Forex 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 Unregulated Forex Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Unregulated Forex Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Unregulated Forex Brokers.
| 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 Unregulated Forex Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Unregulated Forex Brokers.
Unregulated Forex Brokers 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 Unregulated Forex Brokers 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 |
|
|
|
|
|
|
|
|
| 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 | 50% of retail investor accounts lose money when trading CFDs with this provider. | 70% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% 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. | 72-95 % of retail investor accounts lose money when trading CFDs | 57% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Unregulated Forex Brokers Offer Comprehensive Trader resources?
It's important to ensure your Unregulated Forex Brokers 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 Unregulated Forex Brokers. 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 Unregulated Forex Brokers.
Why Unregulated Forex Brokers needs to be regulated?
Regulated Unregulated Forex Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Unregulated Forex Brokers.
Consumers are protected by Unregulated Forex Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Unregulated Forex Brokers is necessary to prevent fraud. The Unregulated Forex Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Unregulated Forex Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Unregulated Forex Brokers 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. 50% 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.
Crypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here.
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