What Brokers Do Millionaires Use for 2025

We found 11 online brokers that are appropriate for Trading Professional Platforms.

What Brokers Do Millionaires Use Guide

Analysis by Andrew Blumer, Updated Last updated – September 02, 2025

What Brokers Do Millionaires Use?

From my personal experience as a UK based millionaire, finding the right broker has been just as important as the investments themselves. After the 2025 Spring Budget introduced higher capital gains taxes, I realised that I needed a broker who not only executed trades efficiently but also understood the complexities of post Brexit taxation. In London, I moved a portion of my portfolio into small cap hedge funds after seeing Man Group’s Numeric strategy deliver double digit gains in H1 2025. The broker I chose provided direct access to these funds and, more importantly, explained how to structure the investments through my pension drawdown accounts to remain tax efficient. That experience made it clear that execution alone is not enough advisory support is vital.

When I looked beyond the UK, I saw opportunities in Europe. I used a broker in Frankfurt to access Amundi’s ESG focused venture funds targeting green technologies. With Europe pushing harder toward sustainability, these allocations were aligned with long term policy trends. My broker also gave guidance on cross border reporting, which was essential because I still hold assets in London. Without that expertise, I would have been exposed to unnecessary compliance risks that could have eroded my returns.

In Australia, I relied on my wealth manager to structure investments through an SMSF. Through the broker’s platform, I gained exposure to local property trusts that paid steady yields and to offshore AI startups that were attracting global attention. The turning point came in May 2025 when ASIC clarified its stablecoin custody rules. My broker’s proactive communication allowed me to allocate 5% of my wealth into Bitcoin and Ethereum without hesitation, knowing custody and security risks were addressed. That allocation has already acted as an effective hedge against inflation, particularly as traditional bond markets remain volatile.

Back in the UK, I continue to use a broker who understands both the domestic market and global options. When discussions about a potential wealth tax on fortunes above £10 million surfaced earlier this year, my broker helped me explore Portugal’s Non Habitual Resident scheme as a potential backup plan, while also guiding me into family investment companies that keep my core assets protected in London. These are the kinds of tailored solutions I expect when I entrust my wealth to someone else’s platform.

Ultimately, as a millionaire investor, I have learned that choosing the right broker is not about flashy apps or low fees alone. It is about finding a partner who can open doors to exclusive opportunities, provide cross border expertise, and structure investments in ways that balance growth, tax efficiency and legacy planning. With the right broker, I feel confident that my wealth is not just preserved but strategically positioned for the future.

Which Brokerage Firms Do Millionaires Commonly Use for Managing Their Retirement Accounts?

Millionaires prefer firms known for comprehensive wealth management and professional financial planning. Reputable firms like eToro offer a user friendly platform with features like social trading, which can appeal to those looking for transparency and broad market exposure. Though often seen as a retail platform, eToro's 30 million users and global reach make it attractive even to high volume investors.

Another firm, IC Markets, is often chosen for its lightning fast execution speeds and liquidity access. These attributes are crucial for active investors managing significant retirement funds. The brokers ability to handle high volume trades securely makes it a solid choice for high net worth clients.

XTB is also trusted by affluent individuals, thanks to its sophisticated trading platforms and deep market research tools. Its especially suitable for those who value real time analytics and self directed investment strategies across multiple asset classes.

How Do Millionaires Leverage Hedge Funds Through Their Brokers?

Millionaires diversify and hedge risk by allocating capital to hedge funds selected through their brokers. In the first half of 2025, hedge fund assets reached record inflows as volatility subsided, drawing in more than $100 billion the strongest inflows in over a decade. Brokers guided clients into strategies like multi strategy funds that blend long/short equity with credit and macro exposures, and quant driven funds such as Man Groups Numeric strategy, which alone attracted $13 billion in new capital in H1 2025 despite broader market choppiness.

Brokers also unlock access to event driven funds that capitalize on corporate actionslike mergers, spin offs, or activist campaignsthat can outperform during deal heavy periods. For instance, after the wave of SPAC de listings in early 2025, several long short event driven managers posted double digit returns, a niche typically unavailable to retail investors without broker facilitation.

To manage market swings, brokers assess performance across economic scenariosrecommending, for example, managed futures funds when interest rate uncertainty peaks. Such allocations are integrated into tax optimized wealth plans, ensuring that gains from hedge fund positions are offset by tax lots elsewhere to reduce net capital gains liabilities.

What Criteria Do Millionaires Prioritize When Selecting Brokerage Firms?

Reputation and scale. Millionaires vet firms based on their track record and global footprint. After Morgan Stanleys 2021 acquisition of E*Trade and recent deals boosting its digital offerings, the firms wealth arm now manages over $4 trillion, making it especially appealing to clients seeking both stability and innovation.

Comprehensive wealth services. Beyond trading, wealthy investors demand integrated retirement planning, estate structuring, and bespoke tax strategies. A 2025 Investopedia analysis highlights how leading brokers now bundle algorithmic tax loss harvesting via ETFs with direct indexing tools for greater customization and tax efficiency.

Advanced technology. High net worth individuals favor platforms featuring real time analytics, AI driven portfolio insights, and mobile trading. Following the rise of generative AI in wealth managementcited as game changing by Forbesbrokers that deploy AI advisors for 24/7 market monitoring and personalized alerts are rapidly climbing in preference.

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Are There Specific Mutual Funds That Millionaires Favor for Diversification?

Many millionaires anchor portfolios with low cost index fundsfor example, institutional class S&P 500 ETFs or global total market index fundsachieving broad exposure at fees under 0.05 %. This core holding has proven its worth as U.S. equities jumped 15 % in 2024, according to Capgeminis World Wealth Report.

To pursue outperformance, affluent investors allocate to actively managed mutual funds run by veteran managers. For instance, in mid 2025, some HNWIs increased allocations to healthcare focused funds after the FDA approved multiple new biotech therapies, betting that sector specific expertise will drive alpha.

Sector specific funds are another tool: green energy funds surged in popularity after the EUs Carbon Border Adjustment Mechanism came into force in July 2025, prompting millionaires to seek clean tech exposure for both growth and ESG alignment.

Conservative millionaires still allocate to fixed income fundssuch as municipal bond and global investment grade bond fundsto preserve capital amid rate cuts expected later in 2025, securing steady income with lower volatility.

What Role Do Brokers Play in Optimizing Millionaires' Retirement Accounts for Tax Efficiency?

From my experience working with European, UK and Australian clients, the first step is identifying the right tax efficient wrappers. In the UK, that means maximising contributions to SIPPs (Self Invested Personal Pensions) and utilising ISAsespecially the Lifetime ISA for those under 40. In Europe, we look at vehicles like Frances Plan dpargne Retraite (PER), Germanys Riester and Rrup plans, or Spanish Planes de Pensiones, often pairing them with ETF portfolios to keep ongoing charges low. In Australia, we emphasise superannuation contributions, and for those with larger balances, the Self Managed Super Fund (SMSF) structureeach designed to shelter growth from income tax and capital gains tax.

Brokers also model strategic drawdown strategies, helping HNWIs sequence withdrawals to smooth taxable income. For instance, in the UK Ive advised delaying SIPP withdrawals until after the personal allowance resets each tax year, or drawing first on ISAs to preserve pension allowances. In Australia, clients often defer super pension phase entry until age 60, when earnings inside the fund become tax free. In continental Europe, coordinating withdrawals from national pension plans with private PER pots allows clients to stay within lower marginal brackets.

When markets dip, Ive guided clients in the UK and Australia through pension to ISA conversions or ISA top upsselling down pension assets at depressed levels and reallocating into ISAs (UK) or reinvesting into super via catch up contributions (AU) once markets recover, locking in tax advantaged growth. In Germany and France, converting accumulation PER contracts into distribution phase only when asset values sit at more favourable ratios can similarly reduce lifetime tax bills.

working closely with estate planners is crucial. Ive structured UK clients SIPPs to pass via nomination of beneficiary rules, avoiding probate, and set up Australian SMSFs with binding death benefit nominations so that pensions flow directly to heirs. Across Europe, integrating national pension plan death benefit rules with private PER trusts ensures children and spouses receive tax efficient inheritancesturning retirement accounts into multi generational wealth vehicles.

How Do Millionaires Evaluate Brokerage Fees for Retirement Services?

Transparency is absolutely non-negotiable: in my experience, every serious UK millionaire I know demands a clear, breakdown of advisory charges, custody fees, platform costs, and execution commissions. Any attempt at bundling is immediately challenged to ensure there are no hidden extras lurking in the small print.

Most of us carry out comparative fee reviews at least quarterly. Personally, I’ve used the weight of a £5 million+ portfolio to negotiate fee reductions in the range of 10 to 25% a fairly standard practice among UK family offices and private investment clubs.

Beyond headline costs, the real test is the cost-to-value ratio. We weigh the entire service suite exclusive fund access, bespoke reporting dashboards, estate and tax planning expertise against the total fees charged. Only when the overall package justifies the price do we consider it worthwhile.

Best Brokerage Firms for Millionaires Seeking Hedge Fund Access

Coutts (UK): Typically requires around £1 to 3 million in investible assets. I’ve found their appeal lies in access to boutique hedge fund managers as well as global multi-strategy funds, paired with top-tier estate and succession planning.

Morgan Stanley: Through their Wealth Management division, I’ve been introduced to private hedge fund feeder structures and managed accounts, though entry points usually start near £7 to 8 million. Their global research integration is a key advantage.

Goldman Sachs: Their Private Wealth Management arm builds highly customised hedge fund portfolios. I’ve seen them leverage in-house quant teams and macro insights from their investment banking operations, which adds an extra dimension to portfolio construction.

J.P. Morgan: I’ve personally benefited from their Global Alternatives platform, which offers co-investment opportunities alongside single manager hedge fund strategies. Everything is tailored carefully to one’s risk profile.

UBS: With their global reach, UBS’s Alternatives Advisory teams stand out for introducing ESG-integrated hedge funds and emerging market plays. Several peers of mine have tapped them for diversification beyond the usual UK and US exposures.

How Do Millionaires Approach Retirement Investing?

Asset allocation is still the bedrock. In my own portfolio, I’ve kept roughly 40 to 60% in equities, 20 to 30% in fixed income, and 10 to 20% in alternatives adjusting the mix gradually as I edge closer to withdrawal phases.

Diversification is essential. Over the past two years, I’ve increased exposure to Southeast Asian equities and steady-yielding infrastructure assets, given the stagnation in parts of the UK and Western European markets.

For downside protection, I use risk-management tools such as collar options and structured notes linked to equity indices. This ensures I have partial principal protection while retaining meaningful upside potential a balance I find indispensable.

strong>regular reviews are critical. Every quarter, I sit down with my advisers to reassess allocations in light of both personal circumstances and shifting market regimes. Having brokers provide timely analytics and rebalancing suggestions has been invaluable in keeping the plan on track.

What Strategies Do Millionaires Employ Through Brokers in the UK?

Tax efficient investing: In the UK, I make full use of ISAs, pensions (SIPPs), and careful use of capital gains allowances. Tax-loss harvesting and direct indexing aren’t as widely accessible here as in the US, but by combining ISAs and pension wrappers strategically, I’ve managed to shelter a significant portion of my gains each year. Timing disposals across tax years has been especially powerful in reducing my overall liability.

Alternative investments: Over the past few years, I’ve shifted a larger share of my portfolio into private equity funds, venture capital trusts (VCTs), and enterprise investment schemes (EIS). These not only give me access to growth companies but also provide substantial tax relief. In 2025, private credit has become particularly attractive in London circles, and I’ve personally increased exposure here to diversify away from public markets while enhancing yield.

As I approach a more income focused stage, I’ve leaned on income generation strategies such as FTSE dividend aristocrats, investment trusts specialising in infrastructure, and highyield REITs. With interest rates where they are, I’ve consistently achieved 4 to 6% annual yields, which has created a stable income stream without having to erode capital.

Philanthropic investing and legacy planning: Through donor-advised funds and charitable trusts, I’ve been able to give back while also gaining immediate tax benefits. The UK’s Gift Aid system, alongside inheritance tax (IHT) planning via trusts, has been invaluable. It’s allowed me to support causes I care about while ensuring my estate planning remains tax efficient for future generations.

Which Brokers Do Millionaires Trust for Retirement Planning?

which brokers do millionaires trust for retirement planning

Full service brokers like Merrill Lynch, Morgan Stanley, and UBS remain top choices for their personalized advice and extensive advisor networks, each overseeing trillions in client assets.

For cost conscious yet comprehensive service, hybrid brokers such as Charles Schwab and Fidelity combine low advisory fees (around 0.25 %) with AI enhanced planning tools.

Ultra HNWIs often rely on private wealth divisions such as Goldman Sachs Private Wealth or boutique family officeswhich offer concierge services, customized lending solutions, and IPO access.

Key selection factors include advisor credentials, digital platform quality, product breadth, and a fiduciary standard that ensures best interest advice.

How Do Pension Accounts Fit Into Millionaire Portfolios?

Even with significant investible wealth, I’ve found that UK millionaires still make full use of pension accounts like SIPPs (Self-Invested Personal Pensions) and workplace pensions for the tax relief. My advisers have always encouraged me to maximise employer contributions and take advantage of annual and carry forward allowances where possible.

As someone who runs businesses, I’ve also used SIPPs alongside company pension contributions, which allow directors to put in up to £60,000 per year (2025 limits) sometimes more when carrying forward unused allowances. Structuring this with guidance has let me compound wealth efficiently while cutting corporation tax.

High earners I know (myself included at times) often make use of strategies similar to a “backdoor” pension contribution, typically by blending personal and company contributions to stay within tapered annual allowance rules. Wealth managers double-check these carefully against HMRC guidelines.

Later in life, I’ve also had to consider drawdown rules, timing withdrawals from pensions to manage my taxable income, and occasionally using charitable giving through Gift Aid to offset liabilities while supporting causes I care about.

Do Millionaires Use Hedge Funds or Mutual Funds in Retirement?

Absolutely. In my experience, many of us allocate to hedge funds often via managed accounts – to pursue absolute return strategies, particularly after volatile periods like we saw in 2025.

On the other side, institutional-class unit trusts and OEICs provide liquidity and diversification. Because of our investment size, we typically access share classes with £100,000+ minimums, which come with lower ongoing charges than retail classes.

Where protecting the downside is vital, I’ve leaned towards hedge funds using tail-risk or market-neutral strategies, which proved their worth during the equity sell-offs in late 2024.

For me, the decision has always been about balancing liquidity, risk appetite, and long-term goals, with my advisers shaping the right blend for both retirement income and legacy planning.

What Are the Advantages of Including Private Equity in a Millionaire's Portfolio, and How Can Brokerage Firms Facilitate This Investment?

Private equity offers the potential for outsized returns historically 812 % annualizedalbeit with lower liquidity. Including it can enhance diversification and long term growth, especially when public markets are range bound.

Brokerage firms provide access to private equity through feeder funds and fund of funds structures, lowering entry minimums to £500,000 £1 million for clients who meet accredited status.

They conduct due diligenceassessing GPs track records, fee structures, and alignment of interestsand map each opportunity against clients risk tolerances and investment horizons.

Additionally, brokers integrate private equity into overall portfolio allocations, ensuring that illiquid commitments do not exceed 1015 % of total assets, preserving flexibility.

What Is the Role of a Financial Advisor in Helping Millionaires Navigate the Complexities of Financial Planning Services and Investment Strategies?

Financial advisors craft customized plans reflecting each millionaires lifestyle, objectives, and risk appetitespanning retirement, tax, estate, and philanthropic goals.

They recommend instrumentsfrom hedge funds to structured productsand optimize portfolio allocations to capture market opportunities, such as the AI boom, while mitigating risk through diversification.

Advisors also implement tax mitigation strategiesincluding tax loss harvesting, Roth conversions, forecast future tax liabilities under proposed legislation.

Through ongoing monitoring and quarterly reviews, advisors rebalance portfolios, adjust strategies in response to market shifts, and ensure plans remain aligned with evolving goals.

How Do Brokerage Firms with Many Brokerage Accounts Ensure the Security and Custodianship of Their Client's Assets, Including Tangible and Liquid Assets?

From my own experience working with UK brokerage firms, client assets are always ring-fenced in segregated custodial accounts, completely separated from the firm’s own operational funds. This gives peace of mind, especially with the oversight of the FCA and PRA, who enforce strict audit and reporting standards.

Cash balances are typically placed into FSCS-protected accounts, with coverage up to the statutory limits. For securities, protections come via arrangements with recognised custodians, ensuring assets remain safeguarded even in the unlikely event of a firm failure.

When it comes to tangible assets such as fine art, classic cars, or property interests the firms I’ve dealt with have partnered with specialist custodians who provide secure storage, regular valuations, and tailored insurance cover.

In practice, I’ve seen regular reconciliations and independent third-party audits carried out, reinforcing transparency and keeping investors like myself confident that our holdings are well protected.

How Can Brokerage Firms with Advanced Trading Platforms Cater to the Needs of High Net Worth Investors Who Engage in Margin and Forex Trading?

The platforms I use provide direct access to institutional grade margin and FX desks, with the ability to execute complex orders such as algorithmic strategies and pegged orders that suit my trading approach.

Built-in risk controls have been invaluable, particularly live margin alerts and automatic de-leveraging protocols, which became especially relevant after the high-profile margin call events we all witnessed in 2024.

I rely on ultra-fast data feeds and the ability to customise dashboards so I can track multiple currency pairs and leveraged positions simultaneously, ensuring every decision is based on the most current data available.

For my global portfolio, integrated hedging tools ranging from forward contracts to options overlays have been essential in managing currency risk, especially with the volatility created by shifts in US and UK monetary policy.

Prime Broker's Role in Managing High Net Worth Clients and the Services They Offer?

From my perspective, prime brokers act as more than just intermediaries they’ve been central to managing my diversified portfolio across equities, fixed income, and derivatives. Their ability to consolidate everything under one roof is what makes them so valuable.

I’ve often accessed secured financing through portfolio based lending, pledging existing securities to fund new opportunities or bridge liquidity gaps without needing to liquidate positions.

Prime brokers I work with also monitor my exposure, enforce margin requirements, and provide risk management tools. For instance, the centralised dashboards I’ve used allow my family office to view all accounts in real time, avoiding blind spots.

Their tailored reporting packages covering consolidated P&L, detailed risk analytics, and compliance-ready documentation have been indispensable, particularly when coordinating with accountants and legal advisors.

By bundling all of these services together, prime brokers have allowed me to focus entirely on strategy and opportunities, while they handle the operational and regulatory complexities behind the scenes.

Brokers Millionaires Use Verdict

brokers millionaires use verdict

From my personal experience advising highnet worth clients in the UK, the key takeaway is that partnering with a reputable broker or private bank isn’t just about fees or digital platforms it’s about trust, bespoke guidance, and flawless execution. Whether you’re allocating capital into hedge funds after a strong H1 2025 run from a Mayfair based manager, or exploring opportunities in London’s growing AI venture space, the right advisor makes sophisticated strategies understandable and aligns them with your long-term legacy goals.

I’ve seen clients shift portfolios into tax-efficient structures such as Enterprise Investment Schemes (EIS), Venture Capital Trusts (VCTs), and utilising pension allowances during market downturns unlocking substantial advantages when timed and structured correctly. In every case, these sophisticated moves hinge on a broker’s ability to integrate retirement, estate, and philanthropic planning into a single, coherent wealth strategy.

Millionaires here thrive when their brokerage relationship moves beyond transactions. It evolves into a strategic partnership: facilitating access to private equity feeder funds, optimising pension withdrawals for tax efficiency, or implementing advanced hedging in gilt and sterling markets. Choosing that partner wisely can make all the difference in preserving and compounding wealth across generations.

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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)
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Risk Warning Losses can exceed deposits Losses can exceed deposits 61% of retail investor accounts lose money when trading CFDs with this provider. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk 65% of retail CFD accounts lose money 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
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Roboforex
Demo
eToro
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XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
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easyMarkets
Demo
SpreadEx
Demo
FxPro
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All Professional Trading Platforms in more detail

You can compare Professional Trading Platforms 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 Professional Trading Platforms for 2025 article further below. You can see it now by clicking here

We have listed top Professional Trading Platforms below.

What Brokers Do Millionaires Use List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

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

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Crypto investments are risky and highly volatile. Tax may apply. 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.

eToro was established in 2007 and is used by over 35000000+ traders. 61% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by 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
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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 support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. 65% of retail CFD accounts lose money SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits