Review 2020

Rated /5
learn more Learn more about XTB. 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.

Guide

are an online broker founded in offering trading.

are a global broker and have a head office in .

have a listed stock symbol. This means that have publically listed and you can officially buy shares in on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of we break down the pros and cons. What are able to offer, what countries are available in. Who are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with

Open 's Website

At the bottom of this review you can also learn about some pretty good alternatives to

With this review we hope to help you see if is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding that will help you get off to a good start in the world of online trading.

Review Table of Contents

what you should know

offer one way to trade: .

With you will need a minimum deposit of $. You can sign up for a demo account to acquaint yourself with platform.

are able to accommodate various levels of traders whether you are experienced or a beginner.


Are safe?

When choosing a broker like the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2020 years have a head office in .

is regulated. This means are supervised by and is checked for conduct by the regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to , this will be honored. If violate any regulatory rules their regulated status could be stripped.

Any payments funded to accounts by traders are held in a segregated bank account.

For added security use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with . One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker eToro XTB Trading212 IC Markets
Year Established 2006 2002 2006 2007
Head Office Cyprus, UK Poland UK Australia
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 12,000,000+ 250,000+ 14,000,000+ 60,000+
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit eToro Visit XTB Visit Trading 212 Visit IC Markets
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

Pros and Cons

What we like about

  • Segeregates client funds
  • Established in
  • Min. deposit from $

What we don't like about

Financial Regulation and Supervision in more detail

We have checked and is regulated and supervised by reputable organisations. You are able to check every supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with . Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect traders and provide a safe trading environment.

is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as you should be sure they're legitimate online agent.

General Fees

  • withdrawal fees varies on payment method
  • does charge inactivity fees
  • does charge deposit fees
Broker eToro XTB Trading212 IC Markets
Min Deposit 200 0 1 200
Withdrawl Fees Yes varies No No
Inactivity Fees Yes No No No
Deposit Fees No No No Varies
CFD Commission Fees No Yes No Yes

Commissions

  • does charge commission on CFD instruments.

What can you trade with ?

You can trade a wide variety of instruments with over 100 instruments infact.

If you are looking at trading currency pairs offer over 50 currency pairs.

Compare with XTB and Trading 212 below.

Broker eToro XTB Trading212 IC Markets
Instruments Available 100 1,500 3000 232
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit eToro Visit XTB Visit Trading 212 Visit IC Markets
Forex pairs offered 50 50 177 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit eToro Visit XTB Visit Trading 212 Visit IC Markets
Commodities Offered 0 21 14 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit eToro Visit XTB Visit Trading 212 Visit IC Markets
Stocks Offered 957 1696 1731 100
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

Trading on web platforms and other applications

also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See 's platforms

Trading benefits :

  • Low min deposit

Trading Accounts Offered :

Can I try before I buy?

offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

withdrawl and funding methods.

offer the below funding payment methods. learn more about

Broker eToro XTB Trading212 IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No
Neteller Yes Yes No Yes

How can I start trading with ?

When opening a trading account with , you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on trading platforms here.

Performing trades with

allow you to execute a minimum of trade of . This may vary depending on the account you open. allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at

To trade effectively with , it's important to get a have a good understanding of the trading tools and the markets.

offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with .

Take time to look around the platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at

support a limited number including

See how Support Compares Against Other Brokers

Broker eToro XTB Trading212 IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit eToro Visit XTB Visit Trading 212 Visit IC Markets
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with

As is regulated by , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore 's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from on 12th August 2018.

Is A Good Broker?

We spent over 3 months examining in depth. Although we found some very useful aspects of the platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative broker.

  • have a good track record of offering .
  • has a history of over 2020 years.
  • has a reasonable sized customer support of at least 10.
  • are regulated by . This means fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • have regulation from a Tier 1 reputable country.
  • has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • have an international presence in multiple countries. This includes local seminars and training.
  • are able to hire people from various locations in the world who can better communicate in your local language.

Risk Disclaimer

Frequently Asked Questions

Can I try before I buy?

do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do accept?

offer the following funding payment methods among other payment methods.
Learn more here

Is safe?

are considered safe as they are regulated by and checked for conduct by the . Any payments funded to accounts by traders are held in a segregated bank account. For added security use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is trading good?

is considered good and reputable to trade with. is used by over active traders. offers trading. Minimum deposit with is mindeposit.

Is trading Legit?

was founded in in . has been facilitating trade on the financial markets for over 2020 years. offers clients trading. All funds deposited to are held in segregated tier 1 bank accounts for security. is regulated by so can be considered legit.

Is a good broker?

is overseen by the top tier financial regulators so can be considered a good broker. allows trading.

Is trustworthy broker?

can be considered trustworthy. All money funded to is placed into a segregated tier 1 bank account. this means your money in not held by directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also is regulated by .

What is the minimum deposit for ?

The minimum deposit to trade with is .

How long do withdrawals take?

Withdrawing money from processing time varies but averages 2-5 days.

Is regulated?

is regulated by .

Is a market maker?

is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with ?

When opening a trading account with , you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on trading platforms here.

Is my money safe with ?

is not currently regulated. Do not let this stop you considering , just make sure you are aware of the risks. It is not uncommon for investors to deal with either regulated or non-regulated brokers. Unregulated Brokers can trade for you in any country you want. In Europe for example some regulated brokers will not accept customers in the USA.
Unregulated brokers run their business with lower operating cost. This is because they do not have to pay for costly regulations or license fees. Unregulated brokers charge less than regulated brokers. The cost savings are passed to you as a trader which means better return on investment.

Is a con?

is regulated and well established having been in business for over 2020 years. is definitely not a con.

Can you make money with ?

Although traders have had great success with . Trading on the financial markets with is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. .

Does have fees?

withdrawal fees varies on payment method. does charge inactivity fees. does charge deposit fees.

When was founded?

was founded in .

How many people use ?

is used by over registered traders.

What is Headquarters country?

has its head quarters office in .

Does offer negative balance protection?

does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does offer guaranteed stop loss?

does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does allow scalping?

does not offer scalping.

Does allow hedging?

does not offer hedging.

Does offer CFD trading?

does not offer CFD trading.

Does offer STP?

does not offer STP trading.

How many people use ?

is used by over traders.

Is an ECN broker?

does not offer ECN trading.

Does offer a demo account?

does not offer demo account.

Does offer an Islamic account?

does not offer Islamic accounts.

What are the funding methods for ?

accept the following funding methods :

review written by Andrew Blumer and Mark Hansen

We hope you found our review of the brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

 review written by Mark Hansen of Comparebrokers.co