Rated /5

Guide - Read our In Depth 2023 Review

This review was written by industry experts with over 20 years of financial experience in .

Benefits of Trading with

Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit
๐Ÿ‘ฎโ€โ™‚๏ธ Safety segregates client funds
๐Ÿ“† Founded
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation
๐Ÿšซ Excluded Countries is not available in the following countries :

Open 's Website

learn more Learn more about Roboforex.
Losses can exceed deposits

What is ?

are a worldwide financial trading platform and broker. founded in

Over 2023 years later now serves over 0 retail investors trading.

are a global broker. have a head office in .

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

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this review and assess how well the platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like . Choosing or shortlisting a trading platform like can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like .

As a result, selecting the right trading platform like requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like requires thorough due diligence and careful consideration. Some trading features can be complex when trading on mobile or using the online trading platform. Beginners and inexperienced traders must take the time to learn how to use the trading tools properly. In our review of we explain the pros and cons. What offer, countries are available in. Who are regulated by and more.

 Review Screenshot

When it comes to online trading with brokers like , carefully review as your broker can make or break your success. Choosing the right broker is essential to ensure your investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of . You must also ensure the broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with into easily digestible information in this review. We want to ensure you have all the knowledge necessary to use the trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with are the key to successful trading, so we've provided this detailed review. So, take a seat, grab a cup of coffee, and dive in to learn about and how it can benefit you or if is not for you.

Online investing with can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with , evaluating the platform is important. Evaluation includes researching the management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with . That's why it's essential to understand the company policies and practices before making any investment decisions. By doing your due diligence and understanding platform, you can make informed investment choices that align with your financial goals. So take the time to research thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this review you need to determine if is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to , so you can make a more informed decision and compare other brokers against .

If you want to look at some alternatives that might better fit your needs, we list and compare some of the best alternatives further down this review.

Don't be fooled by the misconception that online trading is easy with . It can be challenging and requires significant research and understanding of the trading tools and features. You must know what you are doing when trading with . That's why we've compiled this detailed review with some important information that will hopefully make you more informed when online trading with .

Review Table of Contents

is a Multi-Assets Trading Platform with over + Assets

Learn more about . is a multi asset platform with + tradable Assets. Assets available on include .

trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that are considered financial assets.

Features of

What you should know

offer one way to trade: . The assets and products available to you on the trading platform depends on the region of the world, you are in and the entity you have an account.

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 considering for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as , is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in , and in operation for 2023 years have a head office in .

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

withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like , you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If violate any regulatory rules their regulated status could be stripped.

Is my money safe with ?

All payments made to by traders are securely held in a segregated bank account.

uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should use them?

partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their clients' funds.

clients can have greater confidence in their financial security when working with a Tier 1 bank because are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in deposited in a Tier 1 bank?

Depositing funds with ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that is a secure and safe platform.

Please be aware that trading in financial assets with carries a risk of loss. trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

emphasizes this risk on its platform and provides clear risk warnings - . After answering some important questions about , let's closely examine its features.

To better understand the trading platform, you can create two separate accounts - one with real money and the other a demo account. A demo account provides a risk-free environment for experimenting with the platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in trading decisions.

Open a demo account Visit

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

How as a Company Compare Against Other Brokers

Broker IC Markets Roboforex eToro XM
Year Established 2007 2009 2007 2009
Head Office Australia Belize Cyprus, UK Cyprus
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. 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 (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Used By 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users 3,500,000+ XM users
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XM
Risk Warning Losses can exceed deposits Losses can exceed deposits 77% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.

Pros and Cons

What we like about

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

What we don't like about

Regulation and Licensing in more detail

is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of going into insolvency. compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for traders.

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

Is Global?

Yes, is global as is available in over 194 countries.

is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. has a total of more than 0 users.

Fees Explained

  • withdrawal fees varies on payment method
  • does charge a fee for inactive accounts.
  • does charge deposit fees.

Modern brokers like provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall trading profitability.

How Fees Compare Against Other Brokers

Broker IC Markets Roboforex eToro XM
Min Deposit 200 10 50 5
Withdrawal Fees No Yes Yes No
Inactivity Fees No No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees Yes No Yes No

Minimum Deposit

requires a minimum deposit of 200 GBP/USD/EUR when opening an trading account.

A minimum deposit is the minimum amount of money required by to open a new online brokerage account with them.

Don't be scared off by brokers like charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like , have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Withdrawal Fees

The fees for withdrawing funds from your account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your withdrawal request is important.

Withdrawal rules may vary across different brokers when it comes to transferring funds from your or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from . Researching and comparing withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing funds frequently or dealing with large sums of money. Awareness of these fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your funds.

For example, allows you to withdraw your funds to .

Inactivity Fees

does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all fees and services. It's recommended that you check the website before signing up. If you decide to close your account, it's important to do so with the broker customer support and obtain confirmation that no remaining fees are due.

Brokers like must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Deposit Fees

do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Commission Fees

does charge commission on CFD instruments.

Brokerage firms like may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the trading account level held by the trader.

may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing terms and conditions to understand the commission fees and any other charges that may apply is essential.

What can you trade with ?

It's essential to note that the trading instruments offered under the brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with over 2250 instruments in fact.

If you want to trade currency pairs on global Forex markets, offer over 61 currency pairs.

Compare with Roboforex and eToro below.

How Trading Options Compare Against Other Brokers

Broker IC Markets Roboforex eToro XM
Instruments Available 2250 100 5000 1000
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50 Yes
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes No Yes No
Commodity CFDs        
Commodities Offered 20 21 31 Yes
Metals Yes Yes Yes Yes
Energies Yes No Yes Yes
Agricultural Yes No Yes No
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042 Yes
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
77% of retail investor accounts lose money when trading CFDs with this provider.
Visit XM
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.

Trading on web platforms and other applications

also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See 's platforms

Is the Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the trading platform to protect you on PC and mobile platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using web trading platforms.

Trading Platform Options

After logging into your account, you'll find a range of trading platform options available below.

Let's explore each of these trading platforms in detail and what options gives you.

Trading benefits

  • Low min deposit

Trading Accounts Offered

Below we give an overview of the account types that offer. Whatever you are looking to trade, the varying account types will be able to provide you with what you need.

Can I try ?

provides a demo account that enables individuals to explore trading before investing their funds. By creating a practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the demo account can help individuals to make informed decisions before investing their money.

Open a demo account to practice and trade.

withdrawal and funding methods

It's essential to remember that the payment methods provided by vary based on the entity and the client's country of residence. To view the payment options available, you can log into your member's area.

offers various funding payment methods listed in your dashboard if available in your region. To learn more about the funding and withdrawal options available in your area, you can explore the website.

provides several payment methods for funding your account. You may utilize any of these deposit options if they are available in your region. ensures that users have multiple payment methods to choose from, making it more convenient for verified account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the user's location. learn more about funding and withdrawal methods.

Payment Methods

Some payment methods are local and are available only to specific regions. account holders should check which payment methods are provided in your region.
    Broker IC Markets Roboforex eToro XM
    Bank transfer Yes Yes Yes Yes
    Credit Cards Yes Yes Yes Yes
    Paypal Yes No Yes No
    Skrill Yes Yes Yes Yes
    Payoneer No Yes No Yes
    Neteller Yes Yes Yes Yes

    *please note available and other broker payment methods depend on the clients country of residence.

    How can I start trading with ?

    To open a trading account with , individuals can sign up on the website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

    The next step involves submitting identification documents for account validation and making a deposit. Once completed, users can download the trading platform of their choice.

    It's important to note that requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps maintain a trustworthy financial environment for its 0 users. Detailed information on the trading platforms is available on their website.

    Performing trades with

    When using , the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. have a max trade of .

    Like other brokers, margin requirements can differ depending on the traded instrument.

    Education Resources at

    To trade effectively with , it's important to have a good understanding of the trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with and externally.

    . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with . Familiarizing yourself with the trading platform is crucial to use it effectively.

    While learning, you can also use global trading times to practice making live buy or sell trades using . This hands-on experience can help you gain confidence and become more comfortable with trading.

    Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

    Learning about the financial markets, trading platforms like , and risk management techniques can help you become a more confident and successful trader.

    Take an analytical approach to trading with . Explore the platform and train yourself to think systematically and logically about the markets.

    While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with , before live trading.

    Customer Support at

    As part of our review, we review customer service options, response times and problem resolution effectiveness on the trading platform. The trading platform supports a limited number of languages which includes .

    See how Support Compares Against Other Brokers

    Broker IC Markets Roboforex eToro XM
    • 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, 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 Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
    Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XM
    Risk Warning Losses can exceed deposits Losses can exceed deposits 77% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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.

    What you will need to open an account with

    As is regulated by .

    As a new client of , you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with in your region. During the account opening process, you will be asked to provide with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

    When registering with have the following documents available.

    • require a scanned colour copy of your passport, driver's license or national ID card.
    • A recent utility bill or bank statement that confirms your residential address for compliance. This must be dated within the last six months.
    • If you plan to fund your account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the platform.

    It's worth noting that the expiration date of the proof of address document may differ for different entities under Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring 's platform.

    However, remember that you won't be able to make trades on until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the KYC compliance process as soon as possible to avoid any delays in accessing the platform's features.

    It is important to note that may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the platform and features immediately. However, you must pass the verification process to start live trading with , which can take up to a few business days.

    To start the process of opening an account with you can visit the trading platform here.

    You should consider whether you can afford to take the high risk of losing your money.

    CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from on June 02, 2023.

    Is A Good Broker?

    We have spent over 5 years examining in depth. Although we found some very useful aspects of the platform that would be useful to some traders. We feel that a alternative to may better suit you.

    • have a good track record of offering .
    • has a history of over 2023 years.
    • has a reasonable sized customer support of at least 10.
    • are regulated by the . is subject to strict regulatory oversight from its respective jurisdiction, which holds (the broker) accountable for misconduct. This regulatory framework helps ensure that operates fairly and transparently and provides customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and .
    • have regulation from reputable regulators.
    • One of the advantages of using is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from are particularly important as traders want to receive their money quickly. With the efficient payment processing system, traders can enjoy faster access to their funds.
    • have an international presence in multiple countries. Including local seminars and training.
    • can hire people from various locations in the world who can better communicate in your local language.

    Risk Disclosure

    Trading Risk Disclaimer

    Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

    You will be exposed to a high risk of loss regarding leverage and margin-based trading.

    Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

    It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

    Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

    not quite right?

    If after reading this review, does not fulfill your needs check out these Alternatives.

    Click here to view the best Alternatives

    We have spent years researching the best alternatives to . Click the links below to learn more.

    After extensive research over several years, we have compiled a list of the most effective alternatives available today. If you are unsatisfied with or want to explore other options, we recommend checking out our carefully curated list of highly-rated alternatives. Follow the links below to learn more about these broker alternatives and choose the one that best suits your trading needs.

    Related Vs Comparisons

    Throughout our comprehensive review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

    If you're interested in comparing against other popular brokers in the industry, check out our Vs pages. Our team has compiled a series of detailed comparison articles, pitting the platform against some of the best-rated competitors in the market. Dive into our informative Vs pages below to find out how stacks up against other leading brokers.

    Frequently Asked Questions

    Read our detailed FAQ Section updated for 2023.

    Can I try ?

    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?

    Please note that the list of payment methods below depends on the Entity and the client's Country of Residence.

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

    Is safe?

    have over 0 users. are considered reliable 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 bank's financial health and strength.Trading with is risky, and because the market is so volatile, losses could happen at any time.

    Is trading good?

    is considered good and reputable to trade with . is used by over 0 traders and users. offers trading. Minimum deposit with is .

    Is trading Legit?

    was founded in in . has been facilitating trade on the financial markets for over 2023 years. offers clients trading. All funds deposited to are held in segregated bank accounts for security. is regulated by so can be considered legit.

    Is a good broker?

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

    Is trustworthy broker?

    is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to , money is in a segregated bank account that is separate from company's funds. As a regulated broker, cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by . Instead, your funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with . Also is regulated in its local jurisdictions including major financial regulators like .

    What is the minimum deposit for ?

    The minimum deposit to trade with is .

    How long do withdrawals take?

    Withdrawing money from processing time varies depending on the method but averages 1-5 days.

    Is regulated?

    is regulated by the . Regulatory bodies conduct regular reviews and audits as part of maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

    Is a market maker?

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

    How can I start trading with ?

    When opening a trading account with , you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on trading platforms, you can follow the link provided below: Learn more about signing up with the trading platform here. This will provide useful information and insights into the various trading platforms offered by , enabling you to make an informed decision about which platform to choose for your trading needs.

    Is my money safe with ?

    Yes your money is safe with .

    Overall, strict financial regulation is essential for ensuring that trading platforms like operate fairly, transparently, and responsibly, which ultimately benefits all stakeholders involved.

    Trading platforms like must have strict financial regulation for several reasons:

    • Protecting Investors: Strict financial regulation ensures that investors who use the trading platform are protected against fraudulent or unethical behavior by the platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the platform.
    • Maintaining Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the trading platform. Regulatory procedures reduce the likelihood of the platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
    • Enhancing Transparency: Regulations require trading platforms like to maintain detailed records and disclose client information. Financial regulatory requirements enhances transparency and helps to build trust between the platform and its investors.

    is not currently regulated. While it is essential to be aware of the risks associated with trading with an unregulated broker such as , it should not deter you from considering them as an option. Investors may work with either regulated or non-regulated brokers, depending on their trading goals and preferences. One of the key advantages of unregulated brokers like is that they can trade in any country, providing greater flexibility for traders seeking exposure to international markets. Additionally, unregulated brokers typically have lower operating costs since they are not subject to expensive regulations or licensing fees. It may translate to lower trading costs and access to higher risk finanical instruments. However, it is important to note that trading with an unregulated broker like carries greater risks. Conducting thorough research and due diligence before making any investment decisions is essential.

    Is a con?

    is regulated and well established, having been in business for over 2023 years. is 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 vary on payment method. does charge a fee for inactive accounts. do charge deposit fees.

    When was founded?

    was founded in .

    How many people use ?

    is used by over 0 registered users.

    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, 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 guaranteed 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 users and 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 ?

    Please note that funding methods and options available with can be found in the Members area and depend on the clientโ€™s country of residence. Please check your specific available payment methods on the website. 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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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