Compare Brokers.
Find the Right Fit.
Side-by-side comparison of top brokers based on fees, regulation, platforms, features, and more.
AvaTrade
MM, STP, Options
$100
Varies by account type
1:400
High risk
Tier 1, Tier 2, Tier 3
ASICFSA
CBI, ASIC, FFAJ, FSCA, ADGM, BVI FSC MMSTPOptions
Market Maker, STP, Options trading
✓ Available
AvaSocial, DupliTrade, ZuluTrade
2006
Dublin-founded broker
0.9 Pips
Standard account
-
Broker stated timeline
1,250+
Forex, shares, indices, commodities, bonds, ETFs, crypto CFDs, options
✓ Available
21-day default, extendable
MetaTrader 4
MetaTrader 5
AvaTradeGO
AvaOptions
AvaSocial
DupliTrade
ZuluTrade
Web, Desktop, iOS, Android MetaTrader 5
AvaTradeGO
AvaOptions
AvaSocial
DupliTrade
ZuluTrade
CardBank transferE-walletsSkrillNetellerWebMoneyPayPal
IE
—
4.4
/ 5
9.1 / 10
AvaTrade is a globally regulated multi-asset broker with MT4, MT5, AvaTradeGO, AvaOptions, and strong copy trading features through AvaSocial, DupliTrade, and ZuluTrade. It suits traders who want broad regulation, fixed-spread trading, and beginner-friendly tools.
Regulated across multiple major jurisdictions
AvaOptions offers vanilla FX options
Strong copy trading with AvaSocial, DupliTrade, and ZuluTrade
AvaProtect risk-management feature
Strong education suite for beginners
Spreads are wider than raw ECN brokers
Inactivity fee applies after 3 months
Demo account expires after 21 days unless extended
Mostly CFD products, not direct stock ownership
Bullwaves
STP, RAW ECN
$250
Varies by account type
1:500
High risk
Tier 3
FSA
FSA | Seychelles STPRAW ECN
Standard and RAW ECN
✓ Available
Social/copy features promoted
2022
In operation
0.1 pips
RAW ECN account
~1 day
Broker stated timeline
200+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Publicly offered
MT5
CardBank transferE-walletsLocal payments
LC
20% Deposit Bonus Always review bonus and withdrawal clauses before funding.
3.8
/ 5
5.3 / 10
Bullwaves offers MT5, STP and RAW ECN account structures, and leverage up to 1:500. It is regulated in Seychelles (Tier 3), so risk-aware traders should review legal terms carefully before funding.
- Multiple account types including RAW ECN and Islamic options
- MT5 platform across web, desktop, and mobile
- Leverage up to 1:500 for eligible traders
- Copy/social trading and 24/7 support positioning
- Tier 3 offshore regulation only
- No clearly disclosed investor compensation scheme
- Mixed reviews, including withdrawal complaints
- Key terms vary across pages and documents
EC Markets
ECN, STP
$10
$10 minimum deposit for STD and ECN accounts, while the PRO account starts from $5,000
1:1000
Leverage up to 1:1000 available under offshore entities (FSC Mauritius, FSA Seychelles). Retail clients under FCA (UK) or ASIC (Australia) are capped at 1:30 on major forex pairs per regulatory requirements.
Tier 1, Tier 2, Tier 3
FCAASICFSAFSCFSCAFMACMA
Regulated by 7 authorities: FCA (UK, FRN 571881), ASIC (Australia, AFSL 414198), FSCA (South Africa), FMA (New Zealand), FSC (Mauritius), FSA (Seychelles), and CMA (UAE). UK clients covered by FSCS up to £85,000. ECNSTP
No Dealing Desk broker. ECN raw spreads from 0.0 pips on ECN account; commission-free on Standard and PRO accounts.
✓ Available
Integrated directly into MT4 and MT5 — no third-party app required. Follow verified strategy providers with copy ratios up to 20x. Profit-sharing weekly or monthly.
2012
Founded in 2012
0.0 pips
ECN account: raw spreads from 0.0 pips + $3 round-turn commission per lot. Standard account: from 1.0 pip, commission-free. PRO account: ~0.1 pips average on EUR/USD, commission-free.
24 Hours
Card withdrawals processed within 2 hours during business hours (9am–6pm), up to 24 hours outside those hours. Bank wire transfers take up to 5 business days.
100+
No stock CFDs or ETFs available. Range is narrower than most multi-asset brokers.
✓ Available
Demo accounts are available for practice
MT4
MT5
EC Markets App
Desktop, iOS, Android CardBank transferE-walletsLocal paymentsUnionPay
GB
—
3.5
/ 5
6.7 / 10
EC Markets is a well-regulated broker with strong Tier 1 credentials under both FCA and ASIC, making it a solid choice for traders who prioritise regulatory protection. The $10 minimum deposit and competitive ECN pricing ($3 round turn) make it accessible, but the limited instrument range (~100 markets) and weekend-only support gaps hold it back from competing with more established multi-asset brokers.
-
Seven group-level regulatory authorisations across major jurisdictions
-
Low minimum deposit from $10 on entry-level accounts
-
Spreads from 0.0 pips on ECN and PRO accounts
-
Official materials say withdrawals are usually processed within 2 hours
-
Trading terms and protections depend on the specific EC Markets entity
-
PRO account has a much higher minimum deposit at $5,000
-
Trustpilot currently shows the company rating as unavailable due to a guideline breach notice
-
The official site does not present one single universal onboarding entity for every jurisdiction
EMS Brokers
MM, STP
€200
EMS Basic EUR 200, EMS Trader EUR 2,000, EMS Gold EUR 10,000, and EMS Premium RAW EUR 50,000
1:30
1:30 for major FX pairs, 1:20 for non-major FX pairs, gold and major indices, 1:10 for other commodities and non-major equity indices, 1:5 for shares, and 1:2 for cryptocurrencies.
Tier 2
CySEC
Company has passporting rights across several EEA countries MMSTP
Firm “acts as the principal to its customers” in CFDs
✗ Not Available
No copy trading available
2012
0.0 pips
0 pips on the EMS Premium RAW account
1-2 Days
Broker stated timeline
150+
45+ forex pairs plus multi-asset CFDs
✓ Available
MT5
Web, Desktop, iOS, Android CardBank transfer
CY
—
—
6.7 / 10
EMS Brokers is a CySEC-regulated Cypriot broker with 13+ years of history, MT5 across all devices, and a serviceable range of ~150 CFD instruments at a €200 entry point.
- CySEC regulated under EU/MiFID II with ICF protection up to €20,000 per retail client
- Low €200 minimum deposit on the Basic account
- Raw spreads from 0.0 pips on the Premium RAW account (+ commission)
- 13+ years of operating history under the FxNet/EMS Brokers entity
- Two CySEC enforcement actions — €60,000 fine (2019) and €225,000 settlement (March 2025) for product governance and client suitability breaches — a material concern for risk-averse traders
- Narrow payment options: cards and bank wire only, no e-wallets or crypto payments
- Competitive spreads (0.0 pips) require a €50,000 deposit on the Premium RAW account; entry-level Basic account spreads start at 1.7 pips
- No copy trading, social trading, or PAMM features; no social media presence to speak of
Exness
MM, NDD
$10
minimum funding can vary by payment method, region, and account type
1:Unlimited
1:Unlimited on eligible accounts, but this depends on equity, instrument, jurisdiction, and entity
Tier 1, Tier 2, Tier 3
FCAFSACySECBVIFSCFSCFSCACMA
Exness is a multi-entity broker. MMNDD
Standard and RAW ECN
✓ Available
Copy Trading / Social Trading services are available
2008
0.0 pips
0.0 pips on Raw Spread and Zero account types. The Standard account starts from 0.2 pips
24 Hours
98% of withdrawals are processed automatically
250+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Standard MT5 demo account with $10,000 in virtual funds
MT4
MT5
Exness Terminal
Exness Trade App
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
CY
—
4.7
/ 5
7.9 / 10
Exness is one of the most established high-volume global CFD brokers, with very strong appeal for active traders thanks to raw spreads from 0.0 pips, instant-withdrawal infrastructure, broad platform choice, and exceptionally flexible leverage on eligible entities.
- Spreads from 0.0 pips on professional accounts with execution under 25ms — among the most competitive trading conditions in retail forex
- Near-instant withdrawals with no fees across e-wallets and crypto — standout for traders who need fast access to funds
- Unlimited leverage available on eligible accounts, manually adjustable from the client dashboard
- Wide range of account types (Cent, Standard, Pro, Raw Spread, Zero) catering to complete beginners through professional traders
- 24/7 multilingual customer support in 20+ languages across live chat, email, and phone
- Retail clients are onboarded through Tier 3 offshore entities (Seychelles, BVI, Belize) — not the Tier 1 FCA or CySEC arms, which significantly limits investor protection
- Unavailable to traders in the US, UK, EU, Canada, Australia, and New Zealand — major market exclusions
- No cTrader or TradingView integration — platform choice limited to MetaTrader and Exness proprietary tools
- Instrument range is limited at ~250 CFDs — no ETFs, bonds, or real asset ownership
- Educational content is thin compared to brokers like IG or Pepperstone
Finalto
MM
N/A
Bespoke, professional-client basis
1:30
Tier 1, Tier 2, Tier 3
FCAASICCySECBVIFSCFSCFSCA
Finalto operates through several regulated entities. MM
Market Maker
✗ Not Available
2021
Rebranded as Finalto in 2021
N/A
Tight spreads and customised liquidity
N/A
3000+
Forex, shares, indices, metals, commodities, ETFs
✗ Not Available
MT4
MT5
ClearWeb
ClearPro
ClearMobile
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
GB
—
—
7.1 / 10
Finalto is better described as an institutional and professional trading-services provider than a standard retail CFD broker.
- Regulated by FCA, ASIC, and MAS — three of the strongest Tier 1 regulators globally, providing strong credibility for institutional clients
- 3,000+ instruments across FX, equities, commodities, indices, and crypto on a single cross-margined account
- Proprietary Clear platform suite (ClearPro, ClearWeb, ClearMobile) plus MT4/MT5 white-label compatibility for operator flexibility
- Consistent industry award record from 2022 through 2025 across Finance Magnates and Ultimate Fintech Awards
- Direct Tier 1 bank liquidity connectivity with institutional-grade execution for professional counterparties
- Not accessible to retail traders — professional and institutional clients only
- Trading conditions (spreads, leverage, commissions, minimum account size) are not publicly disclosed, making independent evaluation difficult
- BVI FSC entity (Tier 3) carries significantly lower regulatory protection than the FCA/ASIC entities
- FCA issued a warning in February 2024 about a fraudulent clone firm using the Finalto name — reputational noise even though the real entity is legitimate
- No copy trading, no demo account, and no educational resources — not a platform for traders learning the markets
FN Markets
STP
$50
$50 minimum across Standard, Raw, and Islamic accounts; the minimum withdrawal is also $50
1:500
highest account leverage is 1:500
Tier 3
FSC
Mauritius FSC STP
STP execution and direct market access on the Raw account
✗ Not Available
N/A
2022
0.0 pips
Raw account spreads start from 0.0 pips; Standard and Islamic accounts start from 0.8 pips
24 hours
Crypto withdrawals are processed within 30 minutes on a 24/5 basis
80+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Publicly offered
MT5
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
MU
—
—
5.9 / 10
FNmarkets is a Mauritius-regulated CFD broker with MT5, a $50 minimum deposit, and leverage up to 1:500, but its public operating history is still relatively short and regulatory coverage appears limited to an offshore jurisdiction.
Mauritius-regulated entity with a stated FSC license number
MT5 available across desktop, web, and mobile
$50 minimum deposit across live account types
Raw account pricing starts from 0.0 pips
No Tier-1 regulation verified
Official public regulation coverage appears limited to Mauritius
Trading conditions and payment availability vary by instrument and region
FP Markets
STP, RAW ECN, NDD
$100
Standard and Raw forex accounts is US$100
1:500
Ranges from 1:1 up to 1:500
Tier 1, Tier 2, Tier 3
ASICFSACySECFSCFSCA
FP Markets operates through multiple entities. STPRAW ECNNDD
No Dealing Desk broker. Standard account uses STP execution with built-in spreads; Raw account routes directly to institutional liquidity providers with raw interbank spreads plus commission.
✓ Available
Available through Social Trading, plus Signal Start and PAMM/MAM tools
2005
Established in 2005 in Sydney, Australia
0.0 pips
Standard account starts from 1.0 pips
1-5 Days
Skrill and Neteller withdrawals are completed in one business day
10,000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Publicly offered
MT4
MT5
cTrader
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
AU
—
5
/ 5
8.3 / 10
FP Markets is a long-established Australian broker brand with strong appeal for active traders thanks to raw spreads from 0.0 pips, broad platform support across MT4, MT5, cTrader, and TradingView, and deep multi-entity regulation.
- Regulated by ASIC and CySEC — two of the strongest regulators in the industry, with CySEC clients covered by the Investor Compensation Fund up to €20,000
- 10,000+ instruments across forex, stocks, indices, commodities, and crypto — one of the broadest CFD offerings available
- Raw ECN spreads from 0.0 pips with sub-40ms execution, competitive for active and algorithmic traders
- Widest platform selection in the market: MT4, MT5, cTrader, TradingView, and IRESS all available simultaneously
- Trustpilot score of 4.9 from 10,000+ reviews — among the highest ratings of any regulated CFD broker globally
- No negative balance protection for ASIC-regulated (Australian entity) retail clients — only CySEC clients receive it as standard
- Raw account commission of $6 round-turn per lot increases real cost at smaller trade sizes
- Crypto offering is limited to 5 coins on most platforms
- IRESS platform restricted to Australian clients only, with a minimum AUD $150/month trading activity threshold
- Traders based in the US, Japan, and New Zealand are not accepted
FXCM
MM, STP, NDD
$50
Minimum online credit or debit card deposit is $50
1:400
International leverage can differ by entity and region.
Tier 1, Tier 2, Tier 3
FCAASICCySECFSCAISA
MMSTPNDD
Standard and RAW ECN
✓ Available
Social and copy trading through ZuluTrade
1999
Founded in 1999
0.2 pips
Active Trader accounts can use spread plus mark-up or spread plus commission pricing depending on equity level and trading volume
1-5 Days
Broker stated timeline
440+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Risk Free Practice Account options.
MT4
NinjaTrader
Trading Station
TradingView
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
GB
—
4.6
/ 5
7.4 / 10
FXCM is a long-running forex and CFD broker founded in 1999 with strong platform access, top-tier group regulation, TradingView integration, and useful trader tools. The biggest caution is entity risk: clients under the international FXCM Markets site trade through Stratos Global LLC in St. Vincent and the Grenadines.
- Regulated by 5 Tier-1 authorities including FCA and ASIC — UK retail clients covered by FSCS up to £85,000
- Strongest platform offering for algo and active traders: Trading Station, MT4, NinjaTrader, TradingView, and ZuluTrade all available
- Full execution transparency with publicly published slippage statistics — rare among retail brokers
- Low $50 minimum deposit for standard global accounts
- 25+ years of operating history with parent company Jefferies Financial Group listed on US exchanges
-
FXCM has a serious historical regulatory issue in the US, where the CFTC ordered a $7 million penalty in 2017 and prohibited FXCM from CFTC registration
- No MetaTrader 5 support, now an industry standard and a common requirement among active traders
- Standard account spreads are uncompetitive (EUR/USD from 0.7 pips); competitive pricing requires $25,000 minimum for Active Trader
- Limited instrument range (~440 symbols, 35–46 forex pairs) compared to brokers offering 1,000+ markets
- $50/year inactivity fee applies after 12 months with no trading activity
Go Markets
MM
$10
Varies by account type
1:500
High risk
Tier 1, Tier 2, Tier 3
ASICFSACySECFSC
GO Markets operates through multiple entities. MM
Standard and RAW ECN
✓ Available
MetaTrader Copy Trading and cTrader Copy Trading
2006
0.0 pips
0.0 pips on the GO Plus+ account. The Standard account starts from 0.8 pips
24 Hours
Requests are typically processed within 24 hours. First-time withdrawals may take up to 3 business days
2000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Free demo signup page with $50,000 in virtual funds
MT4
MT5
cTrader
Go TradeX
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
AU
—
4.5
/ 5
8.0 / 10
GO Markets is a long-running Australian broker brand with a broad multi-entity regulatory setup, strong platform coverage, and competitive account pricing that includes raw spreads from 0.0 pips on GO Plus+.
- ASIC and CySEC dual Tier 1 regulation with a 20-year operating history and no major regulatory sanctions on record
- Raw spreads from 0.0 pips on GO Plus+ account — competitive for active and high-frequency traders
- Six platform options: MT4, MT5, cTrader, TradingView, GO TradeX, and GO WebTrader — widest selection of any broker at this tier
- 2,000+ tradable CFD instruments across forex, shares, indices, commodities, crypto, ETFs, and bonds
- Copy trading, PAMM, free VPS for qualifying clients, and strong educational resources including live coaching sessions
- Retail leverage capped at 1:30 under ASIC and CySEC — higher leverage requires using offshore entities with weaker investor protections
- No cryptocurrency deposit methods accepted
- Commodity range (10 instruments) and index selection (15–16) are limited compared to multi-asset competitors
- No guaranteed stop-loss orders available on any account type
- Some recent Trustpilot reviews flag withdrawal delays and deposit crediting issues
GTCFX
ECN, STP
$0
Varies by account type
1:2000
1:2000 on the Standard account. The ECN account is up to 1:500.
Tier 1, Tier 2, Tier 3
FCAASICVFSCFSCFSCA
Main website products offered by GTC Global Trade Capital Co. Limited in Vanuatu ECNSTP
Standard and RAW ECN
✓ Available
Social/copy features promoted
2012
Established in 2012
0.0 pips
Raw spreads from 0.0 pips on the ECN account and average spreads of 1.0 pips on the Standard account
24 Hours
Broker stated timeline
27,000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Free demo account and practice on MT5 and WebTrader
MT4
MT5
cTrader
GTC Go
Web, Desktop, iOS, Android CardBank transferE-walletsCrypto (USDT/BTC)
AE
—
3.7
/ 5
7.1 / 10
GTCFX is a 14-year-old multi-asset broker with a broad 27,000+ instrument selection, a full platform stack (MT4, MT5, cTrader), and genuine FCA/ASIC licensing. The headline concern is that the high-leverage retail onboarding flows primarily through its offshore Vanuatu entity rather than the Tier 1 regulated arms, which significantly dilutes the regulatory story. Best suited to experienced traders who understand entity risk — not recommended as a first broker for beginners.
- No minimum deposit on Standard accounts; Pro accounts accessible from just $50
- 27,000+ instruments across forex, metals, energies, commodities, indices, and stock CFDs — one of the broadest selections in the market
- FCA and ASIC licensing alongside UAE SCA regulation provides a credible multi-jurisdictional regulatory footprint
- Copy trading, PAMM, and MAM available — suitable for fund managers and signal providers as well as retail traders
- 1:2000 leverage and most retail onboarding flows through the offshore Vanuatu entity (VFSC), where client protections are minimal
- No crypto CFDs available — USDT is a deposit method only, not a tradeable instrument
- ECN account requires a $3,000 minimum deposit, making raw spread pricing inaccessible to most retail traders
- Recurring user complaints on Trustpilot about account verification delays and IB commission disputes
IC Markets
ECN, STP, NDD
$0
$0 for Standard, Raw Spread, and cTrader Raw accounts. Raw Pro $5,000 and Raw Pro+ $100,000
1:1000
Leverage depends on the entity and client classification
Tier 1, Tier 3
ASICFSACySEC
IC Markets operates through multiple entities. ECNSTPNDD
STP + RAW ECN
✓ Available
Available through cTrader Copy Trading and Signal Start
2007
0.0 pips
Available on Raw Spread MetaTrader account and cTrader Raw account.
24 Hours
Requests received before 12:00 AEST/AEDT are processed on the day
2,250+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Publicly offered
MT4
MT5
cTrader
ZuluTrade
IC Social
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
AU
—
4.8
/ 5
8.8 / 10
IC Markets is a well-established broker brand founded in 2007 and originally rooted in Australia, with strong appeal for active traders, scalpers, and algo traders thanks to raw-spread pricing from 0.0 pips, fast execution infrastructure, and broad platform support across MT4, MT5, cTrader, and TradingView.
- True ECN execution with raw spreads from 0.0 pips — among the tightest in the retail forex industry
- Regulated by ASIC and CySEC, two of the most respected Tier 1 regulators globally, with ICF protection up to €20,000 for EU clients
- Broadest platform selection of any major ECN broker: MT4, MT5, cTrader, and TradingView all supported
- Four copy trading solutions (cTrader Copy, ZuluTrade, Myfxbook, IC Social) covering all experience levels
- 19 deposit and withdrawal methods with no internal fees; free VPS for traders doing 15+ lots per month
- $200 minimum deposit is higher than ECN competitors such as Pepperstone (no minimum)
- ASIC and CySEC retail clients capped at 1:30 leverage — restrictive for active traders on smaller accounts
- No proprietary mobile trading app — fully reliant on third-party platforms
- No bonuses, promotions, or cashback programs of any kind
- TradingView and cTrader are restricted to Raw Spread accounts; Standard account holders are limited to MT4/MT5
InstaForex
ECN, STP
$1
$1 for Insta.Standard and Cent.Standard, while Pro/Zero/Raw accounts start from $100
1:1000
1:5000 on special XAccounts
Tier 3
CySECBVIFSC
BVI FSC, SIBA/L/14/1082 ECNSTP
Standard and RAW ECN
✓ Available
InstaForex offers ForexCopy
2007
Created on 2007
0 pips
Insta.Raw from 0 pips and Insta.Zero with zero spreads, while Insta.Standard and Cent.Standard start from 6 pips and Insta.Pro starts from 4 pips for 5 digits
From 3 hours
Tether withdrawals from 3 hours, PayCo in 48 hours, many e-wallet and crypto methods in 1-7 finance department working hours, and bank cards in 1-6 bank days.
300+
110 currency pairs, 83 CFDs on US shares, metals, CFDs on futures, cryptocurrencies, and IPO trading
✓ Available
Publicly offered
InstaForex WebTrader
MetaTrader 4
MetaTrader 5
Web, iOS, Android MetaTrader 5
CardBank transferCrypto (USDT/BTC)SkrillNeteller
VG
—
2.1
/ 5
6.2 / 10
InstaForex is a long-running global forex/CFD brand founded in 2007 with a very low entry point, broad platform support, and built-in copy trading via ForexCopy. The main trade-off on the global site is that regulation is centered on an offshore BVI entity, while spreads, leverage, and withdrawal times vary materially by account type and payment method.
Minimum deposit from $1 on entry-level accounts
Copy trading available through ForexCopy
MT4, MT5, WebTrader, and mobile apps are supported
Official site states 300+ trading instruments and 110 forex pairs
Global regulation shown on the main site is offshore BVI FSC only
Standard and Cent.Standard spreads start from 6 pips for 5 digits
Withdrawal speed and fees vary widely by payment method
Trustpilot rating is currently low relative to leading peers
NAGA
MM, Options
$10
1:30
Leverage up to 1:30, with lower caps by asset class such as 1:20 on some indices, 1:10 on many commodities, 1:5 on shares and ETFs, and 1:2 on crypto
Tier 2, Tier 3
FSACySECFSCA
FSA | Seychelles MMOptions
Standard and RAW ECN
✓ Available
Officially offers Autocopy
2016
Began in 2016 in Hamburg, Germany
0.5 pips
variable spreads
24 Hours
Funds are accessible 24/7
4,000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Demo account is created automatically on registration, includes $10,000 in virtual funds
NAGA Web
NAGA Mobile App
MetaTrader 4
MetaTrader 5
Web, Desktop, iOS, Android MetaTrader 5
CardBank transferE-walletsLocal payments
DE
—
—
8.9 / 10
NAGA is a social trading-focused multi-asset broker brand that stands out for its strong copy-trading identity, broad product range, and modern app-led experience. Its biggest strengths are the 4,000+ instrument lineup, and built-in Autocopy ecosystem.
- Autocopy copy trading is built into the core platform
- 4,000+ assets across CFDs and real stocks
- Supports NAGA Web App, iOS, Android, MT4, and MT5
- Operates with both CySEC and Seychelles-regulated entities
- Leverage and conditions vary by jurisdiction and entity
- Exact payment methods depend on client residency
- Official materials are inconsistent on the founding year
- Trustpilot currently shows the company rating as unavailable
Trade Nation
MM
$0
No minimum deposit for accounts in other currencies, while ZAR accounts require a first deposit of R1,000
1:500
Seychelles clients can access up to 500:1
Tier 1, Tier 2, Tier 3
FCAASICFSAFSCASCB
Trade Nation operates through multiple entities. MM
✓ Available
Available through TradeCopier, which connects to a Trade Nation MT4 account
2014
0.4 pips
Fixed spreads, with variable spreads available on some commodity markets
1 Day
Process all withdrawal requests within one business day
1,000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Easy Access Demo with 10,000 in virtual funds
MT4
TN Trader
TradingView
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
GB
—
4.4
/ 5
8.1 / 10
Trade Nation is a multi-regulated broker best known for its low-cost fixed spreads, simple funding structure, and straightforward platform offering built around TN Trader, TradingView, and MT4.
- Fixed spreads with zero commissions — transparent, predictable pricing with no hidden fees on deposits or withdrawals
- Dual Tier 1 regulation (FCA + ASIC) with FSCS coverage up to £85,000 for UK retail clients
- $0 minimum deposit — accessible to traders at any funding level
- Three platform options (TN Trader, MT4, TradingView) covering beginners through to advanced technical traders
- TradeCopier provides genuine copy trading functionality — a rare inclusion for a fixed-spread broker
- Limited instrument range — 30–35 forex pairs and 200+ stock CFDs is modest versus multi-asset competitors
- No MT5 or cTrader — rules out traders reliant on those ecosystems and advanced algo environments
- Crypto CFD trading only available via the Bahamas entity — FCA and ASIC clients cannot access it
- Fixed spreads on TN Trader were widened in 2023, reducing their historical cost advantage
- Offshore entity clients (Bahamas, Seychelles) receive no statutory compensation scheme or investor protection
Vantage
STP, RAW ECN, STP, NDD
$50
Standard STP and RAW ECN $50 minimum deposit. PRO ECN conditions are higher and depend on entity and account setup
1:1000
Promotes high leverage in some regions
Tier 1, Tier 2, Tier 3
FCAASICVFSCFSCFSCACIMA
Vantage operates through multiple entities. STPRAW ECNSTPNDD
Standard STP, RAW ECN, PRO ECN, and Swap Free live account options
✓ Available
Copy trading through the Vantage App and Client Portal. Access strategies and start copy trading from $50
2009
0.0 pips
RAW ECN spreads from 0.0. Standard STP spreads from 1.1
1 day
Same day to several business days
1,000+
forex, indices, ETFs, shares, bonds, commodities, and precious metals
✓ Available
Vantage has an official demo account page for practising CFD strategies on MT4 or MT5
MT4
MT5
Vantage App
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
AU
—
4.3
/ 5
9.0 / 10
Vantage Markets is a well-established multi-asset CFD broker founded in 2009, with strong appeal for traders who want Standard STP and RAW ECN account options, spreads from 0.0 pips, MT4, MT5, TradingView, ProTrader, Web Trading, and mobile app access.
Low minimum deposit from $50.
Standard STP and RAW ECN account options.
Spreads from 0.0 on RAW ECN.
MT4, MT5, TradingView, ProTrader, WebTrader, and Vantage App support.
Copy trading available through the Vantage App and Client Portal.
Client protection depends on the entity used for onboarding.
Offshore entities carry higher risk than ASIC or FCA entities.
Standard STP spreads start wider than RAW ECN pricing.
Some payment methods and account conditions depend on region.
VT Markets
STP, RAW ECN, STP
$50
$50 minimum deposit for the Cent account, while Standard STP and RAW ECN accounts require $100
1:1000
Leverage availability depends on the entity, jurisdiction, and client classification
Tier 1, Tier 2, Tier 3
ASICFSCFSCACMA
VT Markets is a multi-entity brand. STPRAW ECNSTP
Standard and RAW ECN
✓ Available
Copy trading through the VT Markets App, with users able to start copying from USD 10
2015
Founded in 2015
0.0 pips
0.0 pips on the RAW ECN account. The Standard STP account starts from 1.2 pips, and the Cent account starts from 1.1 pips
1 Days
Requests must go through the client portal
1,000+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Publicly offered
MT5
MT4
VT Markets App
Web, Desktop, iOS, Android CardBank transferE-walletsLocal paymentsCrypto (USDT/BTC)
AU
—
4.0
/ 5
7.2 / 10
VT Markets is a broad-access multi-entity CFD broker founded in 2015 that combines low entry barriers, high leverage outside stricter jurisdictions, and a solid account mix across Standard STP, RAW ECN, and Cent options.
- RAW ECN spreads from 0.0 pips with $3/side commission — competitive pricing for active traders
- Broad platform selection: MT4, MT5, TradingView, WebTrader, and proprietary VT Markets App covering all trader preferences
- Low $50 entry on Cent accounts with fast digital onboarding (typically within 12 hours)
- VTrade copy trading integrated into the mobile app, plus PAMM/MAM for professional fund managers
- Up to $1,000,000 client fund insurance via Lloyd’s of London; segregated funds at AA-rated banks
- ASIC licence lapsed November 2025 — most global clients are now onboarded under FSC Mauritius (Tier 3), a significant regulatory downgrade
- Standard STP spreads of 1.2 pips on EUR/USD are above average for a no-commission account
- Withdrawal fees apply on additional wire transfers ($20) and e-wallets (Skrill 1%, Neteller 2%)
- Demo accounts expire after 90 days, unlike many competitors offering unlimited demo access
XM
MM, STP
$5
$5 for Standard and Ultra Low accounts. The Shares account starts from $10,000
1:1000
Leverage depends on entity, jurisdiction, account type, instrument, and client classification
Tier 1, Tier 2, Tier 3
FCAASICFSACySECFSCDFSA
XM operates under several Trading Point / XM entities. MMSTP
MM + STP-style execution, not pure ECN
✓ Available
strategy copying and profit-share options for strategy managers
2009
0.8 pips
spreads as low as 0.8 pips
24 Hours
92.9% of withdrawals are automatically approved
1400+
Forex, shares, indices, metals, commodities, energies, thematic indices, turbo stocks, and crypto CFDs where available
✓ Available
Risk free practice
MT4
MT5
XM App
Web, Desktop, iOS, Android CardBank transferE-walletsLocal payments
CY
—
3.5
/ 5
7.4 / 10
XM is a well-established, multi-regulated broker with a very low $5 entry barrier, strong education, broad market coverage, MT4/MT5 access, and copy trading support.
- $5 minimum deposit — one of the lowest entry points of any multi-regulated broker globally
- Industry-leading education programme: daily webinars in 23+ languages, video tutorials, live trading sessions — 7 days a week
- Regulated by CySEC, ASIC, and DFSA with segregated client funds, negative balance protection, and ICF coverage up to €20,000
- 1,400+ instruments including 1,200+ stock CFDs, 55+ forex pairs, crypto, thematic indices, and commodities — all on MT4/MT5
- MT4 and MT5 only — no cTrader, no native TradingView, and no beginner-friendly proprietary desktop platform
- No FCA authorisation — UK traders cannot open accounts directly with XM
- Traders routed through offshore entities (Belize, Mauritius, Seychelles) have significantly weaker regulatory protections
- Inactivity fee of $15 after 12 months of no trading, then $5 per month thereafter
XTB
MM, STP
$0
no minimum deposit to open and fund a real account
1:500
Leverage up to 1:500 for eligible non-UK/EU clients.
Tier 1, Tier 2, Tier 3
FCACySECFSCFSCA
XTB operates through multiple entities. MMSTP
hybrid that includes market maker features, with XTB acting as counterparty to client CFD transactions
✗ Not Available
No copy features promoted
2002
0.3 pips
spreads are region-dependent
1 Day
Same or next business day processing
11,300+
Forex, shares, indices, metals, commodities, ETFs
✓ Available
Practise on xStation
xStation 5
MetaTrader 4
Web, Desktop, iOS, Android CardBank transferE-walletsLocal payments
PL
—
—
8.1 / 10
XTB is a large, established multi-entity broker best suited to traders and investors who want a strong proprietary platform, broad market access, and a low-friction account with no minimum deposit.
- No minimum deposit, which makes it easy to start small.
- Strong regulatory footprint and long operating history since 2002.
- Proprietary
xStationplatform is one of its main strengths for usability and research tools. - Very broad market access, with
11,300+instruments plus real stocks and ETFs in some regions. - Publicly listed company, which adds an extra layer of transparency.
- Not a raw-spread ECN broker, so it may be less appealing for traders who want ultra-tight institutional-style pricing.
- Leverage depends heavily on region, with much lower caps for UK and EU retail clients.
- No official copy trading offering on the current site.
- Pricing and conditions vary by entity, so the experience is not fully uniform globally.
- Withdrawal timing is decent, but not especially standout compared with some competitors that promise faster processing.
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Data is for reference only and may change. Please visit the broker's official website for the latest information.