Best 6 Most Trusted Forex CFD Brokers Review [350 Data Points]

Out Of Over 65 Different Forex & CFD Broker Reviews, We Have Selected The 6 Best Based On Customer Trust Using Independent Ratings Providers.

REVIEW BREAKDOWN
Alvexo - Best For Direct Market Access STP & ECN & Perfect Customer Services With Direct Line To Account Manager
Admiral Markets - Best For Stock & Fx Traders, ECN Access & A Huge Selection Of Forex, Crypto's & 4,500 Shares & ETF's
Vantage FX - Best For Experienced Traders, True ECN & The Best Software Platform - MT4,5, ZuluTrade, Ctrader, MyFXBook, Based In Australia
Plus500 - Best For Traders Wanting A Huge Selection Of CFDs On Shares, Crypto & Fx With Great Investor Protection. Based In The UK
FXTM - ForexTime - Best For Traders Wanting Great Signals, Live Webinars/Seminars & Choice Of Dealing Desk or ECN Market Access
IC Markets - Best For Scalpers & Arbitrage With Super Fast Equinix VPS Servers & Automated Trading Support Based In Australia

In the world of international Forex & CFD trading, trust is everything.  We have used independent websites like ForexPeaceArmy.com and Trustpilot.com to help us narrow down the most trustworthy brokers according to their customers.

All the Brokers in this huge service comparison are winners with a large and loyal customer base, the only question is, which broker best meets your needs?

The Top 6 Best Forex Brokers Are:

  • Alvexo – Best For Direct Market Access STP & ECN & Perfect Customer Services With Direct Line To Account Manager
  • Admiral Markets – Best For Stock & Fx Traders, ECN Access & A Huge Selection Of Forex, Crypto’s & 4,500 Shares & ETF’s
  • Vantage FX – Best For Experienced Traders, True ECN & The Best Software Platform – MT4,5, ZuluTrade, Ctrader, MyFXBook, Based In Australia
  • Plus500 – Best For Traders Wanting A Huge Selection Of CFD’s On Shares, Crypto & Fx Pairs With Great Investor Protection. Based In The UK.
  • FXTM (ForexTime) – Best For Traders Wanting Great Signals, Live Webinars/Seminars & Choice Of Dealing Desk or ECN Market Access
  • IC Markets – Best For Scalpers & Arbitrage With Super Fast Equinix VPS Servers & Automated Trading Support Based In Australia

Click the broker name above to jump to the review

We also have a large searchable Forex Broker Comparison Table At The Bottom Of This Page

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Alvexo – Best For Direct Market Access STP & ECN & Perfect Customer Services With Direct Line To Account Manager

Alvexo CFD Broker Review & Comparison

Alvexo has been around since 2015 which makes it one of the newer CFD Forex Brokers in the industry.  This is reflected in the size of the number of instruments you can trade. However, they approach the customer in a very personalized and engaging way, unlike most brokers.  Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean transparency for the client.

Alvexo Review SummaryPro’sCon’s
Trust Pilot Rating (% Avg or Better) 98%★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
TrustPilot Stars ★★★★★★ Choice of Spread or Commission✘ Crypto Trading Coming Soon
FPA Rating ★★★★ Direct Line To Account Exec
Visit Alvexo★ 1 to 1 Training Included
★ MT4 Platform Available
★ 1st Class Customer Service

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & Reputation

In-Depth Alvexo CFD broker Review
In-Depth Alvexo CFD broker Review

Alvexo scores extremely well on Trustpilot, with a 5 out of 5 stars rating and a 98% approval rating from 135 reviews.  The approval rating is the total percent of reviews that are rated average, great or excellent.  In fact, 82% of Alvexo customers rated the service as excellent, this is the very highest in the industry.

Alternatively, on the FPA website, Alvexo scored 3.3 stars, which is a very high rating.  Taking both into consideration we can assume Alvexo is a highly reputable broker with very happy customers.

Types Of Accounts Available At Alvexo

Alvexo Account TypeClassicGoldECNPrime
Min First Deposit$250$5,000$5,000$10,000
Minimum Deal size0.01 lot0.05 lot0.05 lot0.25 lot
Spreads from3.3 pips2.2 pips0.0 pips1.8 pips
Leverage up-to (Retail Account)30:130:130:130:1
Leverage up-to (Pro Account)300:1300:1300:1300:1
Stop out level (Retail Account)50%50%50%50%
Stop out level (Pro Account)15%15%15%15%
Free Trading Signals
Technical Analysis
1-on-1 Support
Senior Account Executives Direct Line
Free Trading Signals – SMS
Economic Calendar – SMS
Technical Analysis Reports
Table 1: Service & Leverage Per Account – Alvexo

As you can see Alvexo are competitive across the board, the only decision you will need to make is the type of account you want.  Firstly you need to decide if you are a professional trader with years of experience trading or in the financial industry if you qualify you will be allowed higher leverage, up to 300:1 and a lower stop out level at 15%.  Proving you are a professional investor is a legal step all regulated brokers need to take.  But beware, being classified as a professional means you will not be subject to the regulatory protections put in place by CySec for retail investors.  For a Retail Trading Account, you are subject to greater controls on what you can trade and are restricted to lower leverage and stops for your own protection.

The key benefit that no other broker provides is the 1 to 1 support and the direct line to senior account executives. Many traders report being contacted by their account managers and assisted to learn the trading platform and helped to understand leverage, stops and account management.  This is priceless!

The personal touch with 1 to 1 support & account managers is a really excellent service from Alvexo and is the key differentiator as to why they are held in such high regard by their clients.

Forex

Alvexo offers a good selection of 54 foreign exchange (Forex or Fx) Pairs for Trading.  All the common pairs such as EUR/USD as EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 30:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.  Leverage of 30:1 is for retail customers and if you qualify as a professional investor your maximum leverage can increase to 1:300. Trading Crypto is hot right now, but Alvexo does not offer any Cryptocurrency pairs.  Alvexo states it is “Coming Soon”.

Share & Indices Trading

With a portfolio of 400+ tradeable shares, Alvexo offers a reasonable selection of stocks to trade.  You will have a selection of U.S. stocks and key stocks like BMW or Daimler from the DAX and other shares from the Euronext exchanges are covered.

In terms of Indices, all the major European and American Benchmarks are covered including the DAX, Nasdaq, Dow, CAC40, FTSE and the ASX, 9 in total.  Alvexo does not offer Options trading via CFD’s.

Commodities

For those interested in commodities, there are 7 to choose from, which is a little limiting if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and Gas are available.

Brokers Trading Platform

Alvexo aims to keep it simple and straight forward when it comes to choice of tools, you have the choice or Alvexo Web Trader or MetaTrader 4.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Alvexo Web Trader

You can use the Alvexo Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.  Alvexo may act as a liquidity provider but they are not the only ones.

Alvexo MetaTrader 4

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4. MetaTrader 4 will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Alvexo, it is operated by MetaTrader.

The Alvexo MetaTrader 4 Platform - Direct ECN Access
The Alvexo MetaTrader 4 Platform – Direct ECN Access

There are no costs associated with using the platforms available.

Powerful Signals

Alvexo provides trading signals as part of the package whichever account type you open.  They suggest that their signals are 88% accurate.  They are compiled twice per day and are designed to give you an idea as to what is moving and experiencing volatility in the market.  They also provide regular video updates.

Company Background & Regulators

Alvexo was established in 2015 and although it is one of the newest entrants to the industry, it has developed a large and loyal following through its fair market access and customer service. The holding company is VPR Safe Financial Group Limited a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $250 for a Classic account all the way up to $10,000 for a Prime account.  Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $250, you probably should not be attempting to trade CFD’s.

Investor Protection

Alvexo probably gets such positive ratings from their clients because of the hand-holding and personal help and guidance they receive at the beginning.  Alvexo does not actually want their customers to lose money and provide helpful tips and training for a good start.

However, unlike a small handful of other brokers, they do not offer negative balance protection or guaranteed stops.  This could be because of the nature of the service they offer.  You cannot expect Alvexo to offer guaranteed stops when they are offering a Straight Through Processing (STP) service.  This means they are not always acting at the market maker, which would allow them to offer negative balance protection and guaranteed stops, they are routing your trades through to a much more liquid market where it is not so protected.  This has benefits to the trader because you are getting the absolute best bid and ask price spread, but the downside is that for complete beginners there is little protection.

Finally, as per regulatory requirements, Alvexo operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to Alvexo, simply meaning, they cannot use your funds to trade their own account.  Also, there is insolvency compensation of up to 20,000 EUR in accordance with CySec regulations.

Customer Support & Satisfaction

Customer support is, as mentioned previously, the best available and on a 24/7 basis, this is one of the few brokers that cover 24/7.  There are regional telephone numbers direct to their offices and you also get a personal account manager with the higher tier accounts, much more you cannot ask for.  You can also see from the TrustPilot Reviews and from their 5,000 twitter followers, there are few complaints about the service.

Review Summary Alvexo

Alvexo is one, if not the highest rated and reputable CFD Forex brokers in the market.  A good reputation is important in this industry.  They have a good selection of tradeable instruments including Shares, Indices and a solid selection of Fx pairs.  The STP, ECN systems and platform are designed for simplicity and ease of use to benefit their customers with the tight Spreads or per lot charges in the ECN.  This is why they are one of the best of only five of our recommended brokers.  If you are looking for direct ECN market access with the MetaTrader suite with fantastic customer support, then you have found the right broker.

Read The In-Depth Alvexo Review

Open An Account

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

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Admiral Markets – Best For Stock & Fx Traders, ECN Access & A Huge Selection Of Forex, Crypto’s & 4,500 Shares & ETF’s

Admiral Markets CFD Forex Broker Review

Admiral Markets has been around since 2001 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Estonia, Europe, Admiral Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4, MT5 and MetaTrader Supreme Edition. Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access, lightning quick execution and no conflict of interest.

Admiral Markets Review SummaryPro’sCon’s
FPA Rating ★★★★ (Excellent)★ Retail & Pro Accounts + ECN & STP✘ No ZuluTrade or MyFXBook
TrustPilot Score N/A★ Choice of Spread or Commission
★ MT4, MT5 &  MT Supreme Platforms
Visit Admiral Markets★ 32 Cryptocurrencies
★ Bonds, Fx, ETF, Stocks, Commodities

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & ReputationAdmiral Markets CFD Forex Broker Review

Admiral Markets scores extremely well on the FPA rating website, with 4 stars, which is the highest rating seen for any CFD Broker.

There are not enough Trustpilot customer ratings to make it worth including.  Admiral Markets has the highest reputation of any broker I have seen, and has many very happy customers.

Types Of Accounts Available At Admiral Markets

PlatformMetaTrader 4MetaTrader 4MetaTrader 5MetaTrader 6
AccountAdmiral.MarketsAdmiral.PrimeAdmiral.MT5Admiral.Invest
Minimum Deposit (EUR, USD, GBP, CHF)20010002001000
Currencies364536
Cryptocurrency CFDs532
Spot Metal CFDs435
Spot Energy CFDs33
Index Futures CFDs47
Cash Index CFDs164
Stock CFDs6403000+4000+
Bonds CFDs2
ETF’s500+
Leverage (Forex Retail)1:30 – 1:201:30 – 1:201:30 – 1:20
Leverage (Forex Pro)1:500 – 1:101:500 – 1:111:500 – 1:12
Leverage (Indices Retail)1:20 – 1:101:20 – 1:111:20 – 1:12
Spread, PipsFrom 0.5From 0From 0.5From 0
Limit / Stop Levels, Pips0 pips0 pips0 pips0 pips
CommissionsSingle Share & ETF CFDs – from 0.01 USD per shareForex & Metals – from 1.8 to 3.0 USD per 1.0 lotsSingle Share & ETF CFDs – from 0.01 USD per shareStocks & ETFs – from 0.01 USD per share
Execution TypeMarket ExecutionMarket ExecutionMarket ExecutionExchange Execution
Requotes
Negative Balance Protection 
Table 1: Service & Leverage Per Account – Admiral Markets (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above.  The reason Amiral Markets has very happy clients is due to the tight spread, market and exchange execution, negative balance protection and a massive selection of instruments.

As you can see Admiral Markets are competitive if not the best across the board. The only decision you will need to make is the type of account you want.  The Admiral.Markets account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.  It has a good selection all the instruments with spreads from 0.5 pips but does not have ETF’s.  The Admiral.Prime account has 45 currencies & 3 spot metal CFD’s at 0.0 pips spread.

The MetaTrader 5 platform has 2 accounts, the Admiral.MT5 account with a great selection of instruments, including a huge 32 cryptocurrencies, and a monster selection of over 3000 share CFD’s.  These are all offered at 0.0 pips, but instead with a very small commission.  Finally, the Admiral.Invest account is clearly targetted at investors in stocks and ETF’s with 4000+ Stock CFD’s on offer and a huge 500+ ETF CFD’s.

Choose the account right for you, based on if you want to trade Stocks and ETF’s, or you prefer a broad selection of currencies, cryto’s and commodities

Forex Trading

Admiral Markets offers a huge selection of up to 45 foreign exchange (Forex or Fx) pairs for trading.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 500:1 for professional accounts and 20:1 for retail accounts.

Cryptocurrency Trading

Trading Crypto is hot right now, and Admiral Markets currently offer 32 Cryptocurrency pairs in their Admiral.MT5 account, that is the best selection available from any broker.  There are 22 Crypto’s versus Fiat Currency pairs or you can go for any of the 10 Cryptocurrency cross pairs, including Stellar & Zcash

Share, Indices & ETF Trading

The two MetaTrader 5 account specialize in Stocks & ETF’s offering over 4000 stocks from Europe, U.K and the United States.

In terms of ETF’s,  again Admiral Markets have a massive selection of over 500 covering Euronext (France, Netherlands), Germany, Switzerland, U.K and the U.S.A.  For Indices, the major US, European and UK indices are covered.

Commodities

For those interested in commodities, there are 16 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, Orange Juice and all the metals are available.

Brokers Trading Platform

Admiral Markets aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of Admiral Markets MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Admiral Markets Web Trader For MT4 & MT5

You can use the Admiral Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Admiral Markets WebTrader Platform Review
Admiral Markets WebTrader Platform Review

Admiral Markets – MetaTrader Supreme Video

MetaTrader Supreme Edition

Watch The Video Overview

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Powerful Signals & Research For Clients

Admiral Markets provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Admiral Markets also pride themselves on enabling cutting edge education for their clients.  Their various youtube channel host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  They also have live webinars nearly every day of the week and have a huge selection of training videos and resources.  Supporting the customers to be successful is a primary concern for Admiral Markets.

Company Background & Regulators

Admiral Markets was established in 2001 in Estonia, Europe. They have offices in the UK, Estonia, Cyprus, and Australia. The holding company is Admiral Markets Group AS Estonia a privately held company supervised and regulated by the UK FSA, Estonia EFSA, Cyprus CySec and the Australia Securities and Investments Commission (ASIC). The research concludes there have been no violations of regulations in any of the jurisdictions.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $200 for retail accounts and $1,000 for a premium account.  Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $200, you probably should not be attempting to trade CFD’s.

Investor Protection

Admiral Markets do offer negative balance protection for all accounts except the direct connection ECN Admiral.Invest account which is great for traders.  Admiral Markets are doing things the right way because they do not act as the Market Maker they are routing your trades through various liquidity providers or onto the Electronic Communications Network (ECN) which connects all the globals banks and major funds, his has benefits to the trader because you are getting the absolute best bid and ask price spread.

Customer Support & Satisfaction

Customer support is available on a 24/5 basis offering call-in numbers across the globe.  Also, they have a remote support feature whereby support engineers will connect directly to your PC or Mac and fix any problems you have.  Add this to the direct line to the dealing desk,and online chat and email support and you cannot ask for more.  You can also see from their 20,000 twitter followers there are few complaints about the service.

Review Summary Admiral Markets

Admiral Markets is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5 and their own MetaTrader Supreme edition combined with a choice of Market or Exchange execution, mean Admiral Markets is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Admiral Markets

Read The In-Depth Admiral Markets Review

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

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Vantage FX – Best For Experienced Traders, True ECN & The Best Software Platform – MT4,5, ZuluTrade, Ctrader, MyFXBook, Based In Australia

Vantage FX CFD Broker Review

Vantage FX has been around since 2009 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Australia Vantage FX are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5. Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts also mean direct market access and lightning quick execution.

Vantage FX Review SummaryPro’sCon’s
TrustPilot Score ★★★★ Retail & Pro Accounts + ECN & STP✘ No ETF or Bond Trading
FPA Rating ★★★★ Choice of Spread or Commission✘ Only 100 Share CFD’s
★ MT4, MT5 & ZuluTrade Platforms Available
Open An Account★ Cryptocurrency Trading
★ High Leverage Possible

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & Reputation

Vantage FX CFD Forex Broker Review
Vantage FX CFD Forex Broker Review

Trusting the broker you are using is critical.  You need to be sure that the broker is reputable, efficiently run and well regulated.  To be able to assess the quality of a broker we have chosen to use two sources of ratings, because some brokers may be unfairly discriminated against on one rating website, and have great reviews on another website.  We have chosen what we believe to be the best to sources for impartial customer ratings.  Firstly we use Trustpilot, it is a well established independent website where customers can rate brokers.  Secondly, we use ForexPeaceArmy (FPA) which is a very well run community-driven rating site focused on fairness.  One of the issues with review sites is that sometimes unhappy customers form the majority of reviews as they are an outlet for complaints, the happy customers feel no need to review the service as they are content.

Vantage FX scores extremely well on the FPA rating website, with 3.2 stars, which is one of the highest ratings for CFD Brokers.  The Trustpilot ratings are too few to matter and quite spammy, but even so, it rates as 3 stars.  Vantage FX is a highly reputable broker with very happy customers and operating under one of the most stringent regulatory authorities in the world, the Australian Security and Investments Commission.

Types Of Accounts Available At Vantage FX

Vantage FX Account TypesStandard STPRAW ECNPRO ECN
Platform  MetaTrader 4
MetaTrader 5
WebTrader
Mobile Apps
Execution Type STPECNECN
Forex Pairs404040
Indices131313
Commodities202020
Minimum Balance$200$500$20,000
Minimum Trade Size0.01 lot0.01 lot0.01 lot
Leverage  Up to500:1500:1500:1
Spreads from1.4 pips0.0 pips0.0 pips
Commission$0$3.00 per lot per side$2.00 per lot per side
Table 1: Service & Leverage Per Account – Vantage FX

As you can see Vantage FX are competitive across the board, the only decision you will need to make is the type of account you want.  The Standard STP account is a Straight Through Processing (STP) account which enables direct market access to the big liquidity providers like hedge funds and investment banks, this is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.  Because it is an STP account you will pay a tight spread to fund the transaction with the liquidity providers.

The RAW ECN and PRO ECN accounts use the Electronic Communications Network via MetaTrader.  The ECN is a global hub where all the major liquidity providers connect to and compete to fill your order by offering the best prices.  For the privilege of offering you the best price, they will be paid via $3.00 per lot on the Raw ECN accounts and $2.00 per lot on the PRO account.

If you are a novice or intermediate trader go for the Standard STP account.  If you are experienced go for RAW ECN and if you will be a frequent trader with a minimum account balance of $20,000 you can opt for the PRO ECN account.

Whichever account you choose you know you will not be competing against your broker, but connecting directly to the markets and getting good prices for your trades

Forex Trading

Vantage FX offers a good selection of 40 foreign exchange (Forex or Fx) pairs for trading.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan).  Leverage is available up to 500:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.

Cryptocurrency Trading

Trading Crypto is hot right now, and Vantage FX currently offer 6 Cryptocurrency pairs. You can trade Bitcoin, Bitcash, Ethereum, Litecoin and Ripple vs the U.S. Dollar at between 2:1 and 5:1 leverage.

Share & Indices Trading

With a portfolio of only 100 shares CFD’s, Vantage FX is a little light in this department, with other brokers offering up to 3000 shares.  The 100 shares you can trade are mostly U.S. Blue Chip companies.  So if taking advantage of stock trading opportunities is your thing you might want to look at Plus500.

In terms of indices,  you will have access to the major European, American and Asian benchmarks including the DAX, Nasdaq, Dow, CAC, FTSE, ASX, Hang Seng, and the China A50, 15 in total at up to 200:1 leverage.  Vantage FX does not offer Options trading via CFD’s.

Commodities

For those interested in commodities, there are 20 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Oil, Coffee, Corn, Wheat, Copper, Sugar, and Gas are available.

Brokers Trading Platform

Vantage FX aims to keep it simple and straight forward when it comes to choice of tools, they give you everything.  You have the choice of Vantage FX WebTrader or MetaTrader 4 / 5, cTrader for ECN Currency Trading, ZuluTrader for Copy Trading and MyFXBook.

Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Vantage FX Web Trader For MT4 & MT5

You can use the Vantage FX Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

Vantage FX MetaTrader 4 & MetaTrader 5

Vantage FX MetaTrader 5 Platform
Vantage FX MetaTrader 5 Platform

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by Vantage FX, but they do have a Fiber link into the ECN for faster trade execution.

There are no upfront costs associated with using the platforms available.

Vantage FX – MarketTrader Video

MarketTrader – The Flexible Forex (FX) Trading Platform

Watch The Video Overview

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

Powerful Signals & Social Trading

Vantage FX provides email and video trading signals and analysis through Trading Central, focussing on specific high probability setups.  Vantage FX also pride themselves on enabling cutting edge tools for their clients and to complete the offering they have ZuluTrade and MyFXBook AutoTrade.

Company Background & Regulators

Vantage FX was established in 2009 and it has developed a loyal following through its fair market access and customer service. The holding company is Vantage Global Prime Pty Ltd a privately held company supervised and regulated by the Australian Securities and Investments Commission (ASIC), one of the more stringent regulators out there.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $200 for a Standard STP account all the way up to $20,000 for a PRO ECN account.  Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $200, you probably should not be attempting to trade CFD’s.

Investor Protection

Vantage FX do not offer negative balance protection or guaranteed stops.  This could be because of the nature of the service they offer.  You cannot expect Vantage FX to offer guaranteed stops when they are offering a Straight Through Processing (STP) service.  This means they are not acting at the market maker, which would allow them to offer negative balance protection and guaranteed stops, they are routing your trades through to a much more liquid market where it is not so protected.  This has benefits to the trader because you are getting the absolute best bid and ask price spread, but the downside is that for complete beginners there is little protection.

Finally, as per regulatory requirements, Vantage FX operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to Vantage FX, simply meaning, they cannot use your funds to trade their own account.  Also, there is insolvency compensation of up to 20,000 EUR in accordance with CySec regulations.

Customer Support & Satisfaction

Customer support is available on a 24/5 basis offering six regional phone numbers in Australia, UK, China, Canada and an international line.  They also have online chat and email support, much more you cannot ask for.  You can also see from their 5,000 twitter followers, there are few complaints about the service.

Review Summary Vantage FX

Vantage FX is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with a choice of STP and ECN routing, mean Vantage FX is one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With Vantage FX

Read The In-Depth Vantage FX Review

Risk Warning: Over 70% of retail investor accounts lose money when trading CFDs with leverage.

[Related Article: Best MetaTrader Brokers For For DMA & Forex]

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Plus500 – Best For Traders Wanting A Huge Selection Of Shares, Crypto & Fx Pairs CFD’s From A UK Company With Good Investor Protection

plus500 CFD Broker Review & Comparison

Plus500 has been around since 2008 which makes it one of the more mature, established CFD Forex Brokers.  This is reflected in the sheer size of the number of instruments you can trade.

Plus500 Review SummaryPro’sCon’s
Trust Pilot Rating (% Avg or Better) 92%★ Large Selection of Instruments✘ No MT4 or MT5 Platforms
TrustPilot Stars ★★★★★ Guaranteed Stops
FPA Rating ★★★ Integrated Alerts SMS, eMail & Push
Open An Account★ Large Established Broker

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & ReputationPlus500 CFD Forex Broker Review

Plus500 scores very well on Trustpilot, with a 4 out of 5 stars rating and an 89% approval rating from 769 reviews.  The approval rating is the total percent of reviews that are rated average, great or excellent.  In fact, 62% of Plus500 customers rated the service as excellent, this is amongst the very highest in the industry.  Alternatively, on the FPA website, Plus500 scored 2 stars, which is a contrast to Trustpilot.  Taking both into consideration we can assume Plus500 is a reputable broker.  Always do your own research.

Instruments & Leverage Plus500

Instruments CategoryRetail AccountProfessional Account
Forex1:301:300
Indices1:201:300
Commodities1:201:150
Shares1:51:20
Options1:51:5
ETFs1:51:100
Crypto1:21:20
Table 1: Instruments & Leverage Per Account – Plus500

Forex

Plus500 offers a huge selection of 74 foreign exchange (Forex or Fx) Pairs for Trading.  All the common pairs such as EUR/USD as EUR/GBP are covered, plus more exotic pairs such as NZD/JPN (New Zealand/Japan) and CHF/HUF (Swiss franc / Hungarian Forint).  Leverage is available up to 30:1 but of course, the leverage available to you depends, as with all brokers, on your account balance and experience.

Cryptocurrencies

Trading Crypto is hot right now, and Plus500 currently offer 13 different Cryptocurrency pairs to trade, this is the 2nd largest selection of Cryptocurrencies out of our 5 recommended brokers.  You can trade Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Stellar, Tron, Cardano, and Monero CFD’s all against the dollar.  You can also trade Ethereum against Bitcoin.  Crypto leverage is typically 1:2 for retail accounts, good brokers in this space tend to keep the leverage low to be able to service the trades in the volatile environment that is cryptocurrency.  For professional accounts, this rises to 1:20.

Share & Indices Trading

With a portfolio of over 2,000+ tradeable shares CFD’s, Plus500 offers one of the broadest selections of stocks available through CFD brokers.  Recently introduced are the 7 main cannabis stocks.  There is a huge selection of U.S. stocks and 20 other markets from Japan and the U.K. to Austria and Finland.  In terms of Indices, all the major European and American Benchmarks are covered, plus some rather interesting combinations like the NYSE Fang+ Index, China Internet Giants Index and even a Lithium & Battery Index.  With 31 Indices options, there is plenty of variation to quench the thirst of a well-researched trader.  In addition to shares and indices Plus500 also offer Options trading, this is interesting because very few other brokers offer Options on the menu of services offered.

Commodities

For those interested in commodities, there are 20 CFD’s to choose from, which is again one of the broadest collections of commodities available. The usual commodities like Oil, Gas, Palladium, Cocoa, Cotton, and Metals are covered and include livestock such as Cattle and Hogs.

Brokers Trading Platform

Plus500: Simple & Intuitive Platform Design With integrated Alerting
Plus500: Simple & Intuitive Platform Design With integrated Alerting

Plus500 aims to keep it simple and straight forward when it comes to tools.  You can trade from your tablet, smartphone, and PC / Mac.  There are no costs associated with using the platform and no complex installation.  The beauty of this platform is that it is extremely easy to use and intuitive, whether you are using your phone or have the WebTrader program installed on your PC.  The App has a 4-star rating on the Play store and in the Apple store, which is unusual, many brokers get poor ratings for their mobile software. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

Powerful Alerting

Plus500 Trader Sentiment Alerting Is Powerful And Unique
Plus500 Trader Sentiment Alerting Is Powerful And Unique

Plus500 have taken an innovative step by adding powerful alerting functionality to their WebTrader platform.  This means if you want to trade either with sentiment or against sentiment, you can configure the alert.  Warren Buffett suggests one should “be greedy when others are fearful and fearful when others are greedy”.  Therefore you can set an alert for a trading instrument at the extremes and implement a contrary trading strategy.  Nice work from Plus500.

Company Background & Regulators

Plus500 was established in 2008 and is one of the most established brokers in the business servicing over 300,000 customer accounts.  The holding company is Plus500 PLC an FTSE 250 listed company on the London Stock Exchange.  You can rest assured that the company accounts are public and that Plus500 is regulated by the Financial Conduct Authority in the U.K.  Other offices are regulated by Cysec in Cyprus and ASIC in Australia.

  • Plus500UK Ltd authorized & regulated by the FCA (# 509909).
  • Plus500CY Ltd authorized & regulated by CySEC (# 250/14).
  • Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
  • Plus500AU Pty Ltd (ACN 153301681), licensed by:
  • ASIC in Australia, AFSL # 417727, FMA in New Zealand, FSP # 486026; Authorised Financial Services Provider in South Africa, FSP # 47546.
  • You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.”

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $100.

Investor Protection

Guaranteed Stops With Plus500
Guaranteed Stops With Plus500

Plus500 probably get such positive ratings from their clients because of the suit of investor protection tools they have in place.  Plus500 offer Negative Balance Protection which is really important for CFD traders, meaning the backstop of margin call will protect you and guarantee even if you do not meet the margin call, that you will not end up owing money to Plus500, they will execute the sale on time.

They also offer Guaranteed Stops, this is a critical feature not available with all CFD brokers.  This stops the market maker or market volatility jumping over your stop and causing you an unexpectedly high loss. According to Plus500:

Adding a Guaranteed Stop order to your trading position puts an absolute limit on your potential loss. Even if the price of the instrument moves significantly against you, your position will automatically be closed at the specified price, with no risk of Slippage. Guaranteed Stop is available for some instruments only. If an instrument supports the Guaranteed Stop order, a checkbox will be available for use in the platform (after you select the ‘Close at Loss’ checkbox).  Plus500

Review Summary Plus500

Plus500 is a well-established market leading CFD broker with a good reputation, which is important in this industry.  They have one of the biggest selections of tradeable instruments including Shares, Options, ETF’s, Indices and a huge selection of Fx pairs and Cryptocurrencies.  The system and platform are designed for simplicity and ease of use from the highly rated WebTrader software to the tight Spreads. Plus500 Ltd is listed on the main market of the London Stock Exchange, the company is transparent and offer guaranteed stops which are essential.  This is why they are one of only 5 of our recommended brokers.  If you are looking for direct ECN market access or the MetaTrader suite, then you may want to look at other brokers.

Open An Account With Plus500

Read The Detailed Plus500 Review

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

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FXTM – ForexTime – Best For Traders Wanting Great Signals, Live Webinars/Seminars & Choice Of Dealing Desk or ECN Market Access

FXTM CFD Broker Review & Comparison

FXTM launched in 2011 and quickly established itself as one of the most respected and trusted Forex CFD Brokers in the industry.  Originally based in Cyprus, Europe, FXTM is focused on enabling the best execution, spreads and transparent access to the markets while using the best platforms around, MT4, MT5, and WebTrader.  Offering a choice of Instant Execution or Electronic Communications Network (ECN) accounts also mean direct market access, lightning quick execution and no conflict of interest.

FXTM Review SummaryPro’sCon’s
FPA Rating ★★★ (Good)★ Instant Execution or ECN Execution✘ No Cryptocurrencies
TrustPilot Rating ★ (Great)★ Choice of Spread or Commission✘ No Bonds or EFT’s
TrustPilot Score 85%★ MT4, MT5 &  FXTM Trader App Platforms
Visit FXTM★ Copy Trading with FXTM Invest
★ Highly Trusted Broker

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & Reputation

FXTM ForexTime Broker Review
FXTM ForexTime Broker Review

FXTM scores extremely well on the ForexPeaceArmy.com rating website, with 3 stars good, which is a high rating.

On Trustpilot, 85% of the reviewers rate the service as average or better, and 78% of reviewers rate the broker as great or excellent. FXTM is held in great esteem and has very happy customers.

Types Of Accounts Available At FXTM

FXTM AccountsStandard AccountCent AccountShares AccountECN AccountECN Zero AccountFXTM Pro Account
Minimum deposit$/€/£ 100$/€/£ 5$/€/£ 100$/€/£ 500$/€/£ 200$/€/£ 25 000
Order executionInstant ExecutionInstant ExecutionInstant ExecutionMarket ExecutionMarket ExecutionMarket Execution
Spread From1.31.50.10.11.50
Margin Call80%80%80%80%80%80%
Stop Out50%50%50%50%50%50%
Limit & Stop Levels1 spread1 spread1 spread
Trading Instruments
Forex Majors, Minors, Exotics #5925484843
Share CFDs 180+
Spot Metals52332
Spot CFDs141414
MT5: Forex Majors, Minors, Exotic333333
Table 1: Service & Leverage Per Account – FXTM (Big Benefits In Green)

I have highlighted the standout benefits in green in the table above.  The reason FXTM is successful in this industry and has very happy clients is due to the tight spread and the choice of either a broker-dealer instant execution or ECN market exchange execution, I would recommend the accounts with ECN market execution (flagged in green).

As you can see FXTM are competitive across the board. The only decision you will need to make is the type of account you want.  The Standard Account, Cent Account and Shares Accounts are all Instant Execution, which means FXTM act as the market maker, many Forex traders do not like this because it could create a conflict of interest with the broker and they take the other side of the trade.  With a reputable broker like FXTM this should not be a problem.  However FXTM have the solution because the ECN, ECN Zero and FXTM Pro account are all market execution, which means your order will be routed through to a huge pool of liquidity providers like hedge funds and investment banks.  This is great for the trader because the broker is not taking the opposite side of your trade therefore not trading against you.

Choose the account right for you, the basic accounts with lower minimum blances are all Instant Execution, ECN accounts start at $500 minimum balance.

FXTM – Background & Services Video

ForexTime (FXTM) Official Corporate Video

Watch The Video Overview

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

Forex Trading

FXTM offers a huge selection of up to 56 foreign exchange (Forex or Fx) pairs for trading, this is one of the biggest selection of all brokers.  All the common pairs such as EUR/USD and EUR/GBP are covered, plus they have a great selection of exotic pairs such as USD/PLN (US Dollar/Polish Zloty).  Leverage is available up to 30:1 for retail accounts.

Cryptocurrency Trading

Trading Crypto is hot right now, and FXTM surprisingly do not offer cryptocurrency trading.  This could be due to the fact that Crypto is difficult to manage in terms of the psychotic nature of the instrument.  Volatility and a major wipeout in the value of the Crypto’s means, if you enable it on your exchange, many traders will lose and they will blame you as the brokers.  I see margins on crypto’s being slashed dramatically by all brokers at the moment because the risk to the traders and brokers is just too high.

Share, Indices & ETF Trading

The FXTM Share account is the one to select if you want to trade shares, but even with this account, you are severely limited in what you can trade.  148 U.S. share CFD’s are available and zero ETF’s, but the competition offers a much larger selection, with Alvexo offering 400+ and Admiral Markets with 4000+ share CFD’s.

Commodities

For those interested in commodities, there are 8 to choose from, which gives you enough to trade if your focus is on commodity futures. The usual commodities like Silver, Gold, Brent, Crude and Natural Gas.  Surprisingly no Coffee, Corn, Wheat, Copper, Sugar or Orange Juice are available.

Brokers Trading Platform

FXTM aims to keep it simple and straight forward when it comes to choice of tools, you have the choice of FXTM MetaTrader 4  or MetaTrader 5.  Of course, whichever desktop software you choose, you will still be able to trade from your tablet and smartphone. The MetaTrader 4 App has a 4-star rating on the Play store and in the Apple store 4.5-stars, which means you will get a great mobile trading experience. Ultimately you know you will be getting a solid and seamless experience however and wherever you choose to trade.

FXTM Web Trader For MT4 & MT5

You can use the FXTM Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.+

FXTM ForexTime MT5 WebTrader - A Lightning Fast Web Trading Experience
FXTM ForexTime MT5 WebTrader – A Lightning Fast Web Trading Experience

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by FXTM.

There are Zero costs associated with using the platforms available.

Powerful Signals & Research For Clients

FXTM provides email and video trading signals and analysis direct to clients, focusing on specific high probability setups.  FXTM also pride themselves on enabling cutting edge education for their clients.  Their various youtube channels host thousands of educational and market update videos and their own private channels for registered clients provide daily briefings.  Supporting the customers to be successful is a primary concern for FXTM.  They also have a secure real-time messaging system on telegram for clients.

Copy Trading With FXTM

FXTM are doing something different to the competition with their Copy Trading Service.  You can easily register for FXTM Invest and can follow other successful traders after reviewing their track record.  The idea is that you can follow those successful traders and minimize your time spend in front of your desk trading. Few of their competitors offer this service.

Company Background & Legislation

FXTM was established in 2011 in Cyprus Europe. They have offices in the UK, Cyprus & Belize. The holding company is FT Global Limited a privately held company supervised and regulated by the UK FSA, Cyprus CySec and the FSC Belize. The research concludes there have been no violations of regulations in any of the jurisdictions.

Account Funding & Investor Protection

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $5 for retail accounts and $500 for a premium account.  Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $500, you probably should not be attempting to trade CFD’s.

Investor Protection

FXTM do not offer negative balance protection for accounts. They do act as the Market Maker for their basic accounts, but for the ECN accounts they are routing your trades through various liquidity providers on the Electronic Communications Network (ECN) which connects all the globals banks and major funds, this has benefits to the trader because you are getting the absolute best bid and ask price spread.

Finally, as per regulatory requirements, FXTM operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to FXTM, simply meaning, they cannot use your funds to trade their own account.  Also, there is insolvency compensation of up to 20,000 EUR in accordance with regulations.

Customer Support & Satisfaction

Customer support is available on a 24/5 basis offering call-in numbers across the globe.  You can also see from their 27,000 twitter followers there are few complaints about the service.

Review Summary FXTM

FXTM is simply one of the best and most reputable CFD Forex brokers who really care about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, and their own FXTM Invest Platform combined with a choice of Instant Execution or ECN Exchange execution, mean FXTM is one of the best companies operating today.  A good reputation is important in this industry and ForexTime have it, a respectable regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open An Account With FXTM

Read The In-Depth Review Of FXTM

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

[Related Article: The Best Forex Brokers In The USA – Margin & Commissions]

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IC Markets – Best For Scalpers & Arbitrage With Super Fast Equinix VPS Servers & Automated Trading Support Based In Australia

IC Markets CFD Broker Review & Comparison

IC Markets entered the Brokerage industry in 2007 which makes it one of the more established CFD Forex Brokers in the industry.  Based in Australia IC Markets are focused on enabling their clients open and transparent access to the markets while using the best platforms around, MT4 & MT5. All accounts are Electronic Communications Network (ECN) which means direct market access and lightning quick execution to over 50 liquidity providers. Arbitrage, scalping & high-frequency trading (HFT) is allowed.

IC Markets Review SummaryPro’sCon’s
TrustPilot Score ★★★★ (Great)★ All Accounts ECN✘ No ETF or Bond Trading
FPA Rating ★★★ (Good)★ Choice of Spread or Commission✘ Only 100 Share CFD’s
★ MT4, MT5, CTrader & MAM PAMM Platforms
Open An Account★ Cryptocurrency Trading
★ High Leverage Possible

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

Broker Ratings & ReputationIC Markets CFD Forex Broker Review

IC Markets scores extremely well on the FPA rating website, with 3.2 stars, which is one of the highest ratings for CFD Brokers.  The Trustpilot ratings are excellent with 610 ratings and 92% of its clients ratings it either good or excellent.  This gives it an overall score of 4 Stars (Great).  IC Markets is a highly reputable broker with very happy customers and operating under one of the most stringent regulatory authorities in the world, the Australian Security and Investments Commission.

IC Markets: Foreign Exchange (fx), Crypto Currency Services

The Foreign Exchange market is the biggest most liquid market on earth with an estimated $5.3 Trillion traded per day, which is about 30 times the size of the stock markets $28 Billion. We also include Crypto Trading comparisons, which essentially mean “does the broker allow you to trade cryptocurrencies such as Bitcoin or Etherium which are based on the blockchain technology”.  Also at what levels of leverage.  Please see our note on CFD Risks

IC Markets won outright in our 2018 Review & Comparison of Forex Brokers, they offer 60 currency pairs and $3.5 per lot, with superior leverage of 1 to 500.  They also offer 5 cryptocurrencies (and growing) with a leverage of 1 to 20.

IC Markets: CFD Brokers Stocks, ETFs & Options Trading Services

IC Markets again lead the top, although having fewer shares on offer the commissions are excellent. They offer lightning-fast execution on 22 Australian Stock Exchange (ASX) Stocks, 49 New York Stock Exchange (NYSE) Stocks and 49 NASDAQ Stocks.  They also off 200 to 1 Indices leverage on 15 Indices and daily financing, producing a package that is extremely cost effective.

IC Markets: Commodities, Bonds & Treasuries Trading Services

IC Markets also offers the full suite of commodities and bonds, with 17 commodities offered at 1:100 leverage and 9 different Bond & Treasury Vehicles at again 1:100 leverage.  IC Markets Commodities include:

  • Spot Energy Contracts – Crude Oil, Brent, and Natural Gas
  • Metals – Gold, Silver & Platinum
  • Soft Commodities – Sugar, Coffee, Corn, Wheat, Soybean, Cotton, Orange Juice & Cocoa

IC Markets: Trading Platform Software Comparison

IC Markets offer a huge selection of tools, MetaTrader 4 & 5 and cTrader and ZuluTrade, but what separates them from the crowd is their focus on institutional pricing and tools.

You can locate your IC Markets Virtual Private Server (VPS) directly in the NY4 & LD5 IBX Equinix Data Centers in New York and London, meaning you get the lowest latency for your transactions.  If you are a high volume professional algorithmic trader, utilizing scalping and robots then this is the solution you need.

IC Markets also enabled a True ECN setup, which means you can even get access to institutional pricing for Foreign Exchange from 0.0 pips. As IC Markets explains on it’s website:

IC Markets, a forex ECN broker utilizes the True ECN pricing for all of it’s account types, this means that you the forex trader are offered direct access to our interbank prices feeds from over 50 different bank and dark pool liquidity providers. Trading in a True ECN marketplace allows traders to benefit from the best possible prices available from Tier-1 banks and dark pool liquidity providers.

IC Markets Web Trader For MT4 & MT5

You can use the IC Markets Web Trader platform which is easy to use yet very powerful, this will give most retail investors what they need with a minimal investment in training and no installation required.  Simple “one click to trade” enables you to execute the trade quickly.  You have all order types available, so there is no pairing back of functionality with the online tool.  Naturally, you get streaming real-time quotes, but the best thing is that the orders are processed using Straight Through Processing (STP) which means the order goes straight to the top tier liquidity providers to optimize order (Bid/Spread) pricing and execution.

IC Markets MetaTrader 4 & MetaTrader 5

If you want to operate an ECN account with direct market access you can utilize the best, MetaTrader 4 or 5. MetaTrader will open up a world of automated trading and real-time streaming of news and events, it may take some time to work on your learning curve but it will be well worth it.  The ECN is worth its weight in gold because you trade directly in a pool with other traders without the middle man or Market Maker, this is how you get spreads close to 0.0, but instead, there is a transaction fee commission on the trade due to the costs of operating the ECN.  The ECN is not operated by IC Markets, but they do have Equinix network into the ECN for faster trade execution.

There are no upfront costs associated with using the platforms available.

[Related Article: The Best ECN Brokers For Forex & CFD Trading]

IC Markets VPS Servers

If you want you MetaTrader algorithms to run 24/7 on a machine hosted in the super highspeed Equinix datacenters then IC Markets are a great choice of broker for you.  Take a look at the info sheet on Virtual Private Servers (VPS) for trading.

ZuluTrade Integration

IC Markets has an integration with ZuluTrade, a very popular social oriented copy trading service.  This is a nice touch as it enables the profits (or losses) from any trader you follow in ZuluTrade to flow through to your MT4 dashboard.

Company Background & Regulators

IC Markets do not sponsor fancy football teams and they do not offer sports cars as prizes, what they do offer is world class execution and an established track record.

They do not divulge the number of clients they have, because they do not need to.  Our visitors vote with their actions and IC markets for traders is the most popular choice.  What we can say is that in 3 years IC Markets trading volume has grown from $50 Billion in 2015 to over $339 billion in 2018, solid growth.

IC Markets: Investor Protection & Regulation

Account Funding

Opening a demo account is free, but to start trading you will need a minimum balance of $200 for an ECN account.  Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $200, you probably should not be attempting to trade CFD’s.

Investor Protection

IC Markets are one of the few Forex Brokers, completely residing in Australia, they are open, transparent about their business model and banking services.  They have full indemnity insurance with the worlds leading insurer, Lloyds of London, and only use top tier Australian banks to host the segregated funds.

IC Markets do not offer negative balance protection or guaranteed stops.  This could be because of the nature of the service they offer.  You cannot expect IC Markets to offer guaranteed stops when they are offering a full true ECN service.  This means they are not acting at the market maker, which would allow them to offer negative balance protection and guaranteed stops, they are routing your trades through to a much more liquid market where it is not so protected.  This has benefits to the trader because you are getting the absolute best bid and ask price spread, but the downside is that for complete beginners there is little protection.

Finally, as per regulatory requirements, IC Markets operates segregated accounts, meaning that your cash account is segregated from the accessible funds available to IC Markets, simply meaning, they cannot use your funds to trade their own account.

IC Markets Review Summary

IC Markets is a highly rated and reputable CFD Forex broker who really cares about offering their clients the best market conditions to trade in.  A great set of trading platforms including MT4, MT5, WebTrade, and Zulu trade combined with ECN routing, mean they are one of the best companies operating today.  A good reputation is important in this industry and they have it, a respectable Australian regulated company offering a great platform and a suite of signals, alerts and market updates to help their clients be profitable.

Open an IC Markets Demo Account for Free

Read The Full IC Markets Review

Risk Warning: Over 80.6% of retail investor accounts lose money when trading CFDs with leverage.

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Top 6 Forex Brokers Comparison Table – Full

Use the Search Box to filter on what is important to you.  eg. MT or Spread or Crypto etc.

Forex Brokers Comparison Table

BrokerAlvexo CFD Broker Review & ComparisonAdmiral Markets CFD Forex Broker ReviewVantage FX CFD Broker Reviewplus500 CFD Broker Review & ComparisonFXTM CFD Broker Review & ComparisonIC Markets CFD Broker Review & Comparison
Customer Ratings
ForexPeaceArmy Rating★★★★★★★★★★★★★★★★★★
Trustpilot Stars Rating★★★★★-★★★★★★★★★★★★★★★
Trustpilot (% Average Rating & Above)98%--89%85%95%
Dealing Type STP
Dealing Type ECN
No Dealing Desk / Market Execution
Market Maker
Scalping & HFT Allowed
Instruments & Leverage
Forex Pairs 544740745660
Forex Leverage1:3001:5001:5001:301:301:500
Forex CommissionsSpread / CommissionSpread / CommissionSpread / CommissionSpreadSpread / Commission$7 per lot
Crypto Trading #Coming Soon3261310
Crypto Leverage-1:51:21:201:5
Shares #400+4000+1002000148101
Shares Leverage1:201:201:201:201:51:20
Shares Commission$15 per lot$6SpreadSpread0.01% of Trade
Indices #91915301115
Indices Leverage1:751:5001:2001:201:2001:200
Indices CommissionSpread / CommissionSpreadSpread / CommissionSpreadSpreadDaily Financing
ETF #500+84
ETF Leverage1:5
Commodities, Bonds, Treasuries
Commodities / Futures7192020817
Commodities Leverage1:751:5001:1001:201:201:100
Bonds / Treasuries #29
Bonds Leverage1:2001:100
Automated Trading
Funding & Company Size
Minimum Balance$250200 EUR200 EUR$400$100 or $200 for ECN$200
Established201520012009200820112007
Investor Protection
Negative Balance Protection
Guaranteed Stops
Volatility Protection
Segregated Accounts
Investor Protection $20,000 EUR£50,000£50,00020,000 EUR
Regulated ByCyprus SECFCA UK / CySec / EFSA EstoniaASIC AustraliaFCA UK / CySec /
ASIC Australia
Cyprus SEC, South Africa FSB, UK FCA, FT Global FSC BelizeASIC Australia
Parent CompanyVPR Safe Financial Group LimitedAdmiral Markets Group AS Estonia - PrivateVantage Global Prime Pty Ltd (Privately Held)Plus500 FTSE 250 CompanyFT Global LimitedInternational Capital Markets Pty Ltd
Primary Business LocationCyprus, EuropeEstonia, EuropeAustraliaUKCyprus, EuropeAustralia
Trading Platfrom
SoftwareAlvexo Web TradingWebTraderFXTM Trading Signals
Metatrader 4
MetaTrader 5
MT WebTrader
ZuluTrade
MyFXBook
Ctrader
Mam / PAMM
Mobile Software
Customer Services
Customer SupportLive Chat & Phone Support + Senior Account Executive Direct LinePhone, Chat, Email, Multiple Languages24/5 Phone, Chat, EmaileMail & ChatLive Chat & Phone SupportLive Chat & Phone Support
ResearchTrading Signals
Dow Jones Newswires, Trading CentralTrading Signals
Alerts / Trader SentimentDaily Market Analysis
Economic Calendar
Forex News Timeline (Real Time)
Market Analysis
Social Trading
Islamic Account
EducationLimitedSeminars, WebinarsForex AcademyYes✔webinars, seminars, good videosYes
Twitter Followers5,00020,0004,50090,00027,0003,500

CFD Risk Notice ESMA & FCA Risk Warning - "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts may lose money when trading CFDs with any provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk"

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4 COMMENTS

  1. That is a top review, just spent 30 minutes going through it. I am thinkin about FXpro, but I really want to trade bitcoin an other, what would you recommend

  2. I signed up to IC markets, and I have to say, this is a first class service, in the murky world of CFD brokers and lots of complaints IC markets is ahead of the the rest by far. Thanky ou for the review of I am really happy you helped my make a good decision.

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