FxPro, a prominent London-based European online broker that specializes in providing an extensive range of contracts for difference (CFD) across various asset classes. With a strong presence in the trading world and a commitment to excellence, FxPro is the go-to choice for retail clients seeking a reliable and dynamic trading experience. Let's see how they fair in this review.
Traze is a regulated online broker offering various financial instruments, user-friendly trading platforms, and tailored account types to cater to traders of all experience levels. Even though they are relatively new on the scene they have made an impact. This review goes over what sets them apart.
★★★★★
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Trust
8
Fees
7.5
Platforms and Tools
7.5
Customer Support
7.6
Tradeable Instruments
7.6
Account Types and Terms
8
Deposit and Withdrawals
8
Research and Education
5
PROS:
Regulated by top-tier authorities (FCA and ASIC)
Negative balance protection on all account types
Financial Compensation Scheme (FSCS) protection up to £85,000
Wide range of deposit and withdrawal methods
24/7 customer support through various channels
Partnership programs for Introducing Brokers and Affiliates
User-friendly and intuitive trading platform (MetaTrader 4)
CONS:
Limited promotional and special offers for new clients
Not available in certain countries due to regulations and restrictions
No promotions currently available for retail clients
USGFX is a forex and CFD broker based in Australia, providing access to over 60 currency pairs, as well as commodities and indices. With competitive pricing, advanced trading tools, and a user-friendly platform, USGFX caters to traders of all levels. However, regulatory concerns and limited customer support options may be a cause for caution. Let's take a look.
★★★★★
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Trust
4.5
Fees
5
Platforms and Tools
4
Customer Support
3
Tradeable Instruments
3
Account Types and Terms
6.5
Deposit and Withdrawals
5
Research and Education
3
PROS:
Offers a range of trading instruments, including forex, metals, indices, and commodities
Provides several trading platforms such as MT4, WebTrader, and Mobile Trading Platform
Offers various account types, including Demo, Standard, Pro-ECN, Mini, and VIP Trading Accounts
Provides customer support through international phone number, email, and live chat feature
Offers trading resources such as economic calendar, daily market analysis, and trading tools
Provides partner and affiliate programs for business opportunities
Offers deposit bonus promotions and special offers
CONS:
Limited information was provided on countries and regions where USGFX is not allowed to operate
No information on the number of regulatory authorities overseeing the broker
Lackluster "About Us" section with limited information on the company
Limited educational resources for beginners
No information on the broker's safety and security measures
FXPrimus is a global online forex and CFD broker that offers a variety of trading products and services to clients around the world. We will be reviewing this broker to give you a better understanding of what they offer and whether they are a good broker and right fit for your trading needs.
★★★★★
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Trust
5
Fees
5
Platforms and Tools
6.5
Customer Support
4.5
Tradeable Instruments
5
Account Types and Terms
6.5
Deposit and Withdrawals
5
Research and Education
2.5
PROS:
Wide range of trading platforms: MT4, MT5, cTrader, and WebTrader
Variety of tradable asset classes
Different account types cater to various trading needs
Offers negative balance protection on all accounts (except demo)
Access to additional customer support channels for clients (Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram)
24/5 live chat support
Multiple deposit and withdrawal methods are available
CONS:
Limited educational material, mostly accessible through a blog
No special promotions or incentives for clients
Deposit and withdrawal options less diverse compared to other brokers
Support via Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram is not available to potential clients
Restrictions in certain countries, such as Australia, Belgium, Iran, Japan, North Korea, and the USA
Identical pages found when visiting different sections of the website
Trading resources not readily available for potential clients
Vantage (Formerly Vantage FX) is a well established broker offering CFD trading for forex, stocks, indices, bonds, ETFs, and commodities on ECN and STP accounts. This broker is quite popular so here is a in-depth going over what this broker offers and why it is so popular.
★★★★★
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Trust
7
Fees
6.5
Platforms and Tools
8
Customer Support
4.5
Tradeable Instruments
6
Account Types and Terms
6.5
Deposit and Withdrawals
4.5
Research and Education
6.5
PROS:
Regulated by reputable financial authorities, including ASIC, CIMA, SIBA, and FSCA
Multiple trading platforms to choose from, including MT4, MT5, ProTrader, and WebTrader
A diverse range of tradable assets, including over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs
Educational resources and trading tools to help clients improve their trading knowledge and skills
Special promotions and bonuses, such as Refer a Friend, Deposit Bonus, and Vantage Rewards
Straightforward funding and withdrawal methods
Excellent customer support, including live chat and email
CONS:
Limited customer support options, including only one international phone number
No negative balance protection offered
Raw account type has a high minimum deposit requirement of $500
No US clients accepted
Spreads can be relatively high on some trading instruments
FXCM is a well-known broker amongst retail traders and professionals alike. It was founded all the way back in 1999 and has had its fair share of ups and downs. This review covers everything you can expect to find from this online international forex CFD broker. Let's see how they fare compared to the rest.
★★★★★
More details +
Trust
7
Fees
5
Platforms and Tools
8.5
Customer Support
6.5
Tradeable Instruments
4
Account Types and Terms
3.5
Deposit and Withdrawals
4
Research and Education
3
PROS:
Established in 1999
Regulated by multiple authorities
One account type
Four trading platforms to choose from
TradingView is available
Copy trading is available
MetaTrader is available
CONS:
Multiple websites depending on the region
Websites can be confusing
One account type
Limited trading resources and educational material
LiteForex has been an online broker for almost two decades as they began operating in 2005. They hold a brokerage license with CySEC and operate throughout the globe providing ECN forex trading and CFD trading in the form of commodities, stocks, indices, and crypto. This review breaks down what you need to know about this broker.
★★★★★
More details +
Trust
4
Fees
5
Platforms and Tools
5
Customer Support
4.5
Tradeable Instruments
5
Account Types and Terms
4
Deposit and Withdrawals
5
Research and Education
2.5
PROS:
Founded in 2005
Two account types
ECN broker
Low minimum deposit
MT4 and MT5 are available
Easy registration process
Investor compensation scheme of up to 20,000 EUR
Social/copy trading
CONS:
Only regulated by CySEC and MiFID
Negative balance protection may only apply to ECN accounts
AvaTrade is a popular online broker that is regulated by several top-tier financial authorities and has been in operation since 2006. The company is headquartered in Dublin, Ireland, and has regional offices in several countries, including Australia, Japan, and the British Virgin Islands. Clients are able to trade CFDs for many markets with this broker and this review covers everything potential clients would like to know about them.
★★★★★
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Trust
8.5
Fees
6
Platforms and Tools
7
Customer Support
7
Tradeable Instruments
6
Account Types and Terms
4.5
Deposit and Withdrawals
5
Research and Education
6
PROS:
Offer multiple trading platforms
Mobile trading is available
MetaTrader is available
CFD broker
Large asset list
Founded in 2006
Regulated by many top-tier authorities
Largest telephonic customer support service to date
CONS:
Site is quite convoluted at times
Can be difficult for beginners to navigate and understand
BDSwiss is an online trading platform that provides access to many financial markets, including forex, commodities, stocks, and indices. The company is headquartered in Switzerland and has several offices across Europe and was founded in 2012. There are many features and services that this broker offers and this review covers everything traders will need to know about them.
InstaForex has over 7 million clients and has been in operation since 2007. offering CFD trading to clients through forex, stocks, indices, commodities, futures and crypto this broker has made a name for themselves over the years and is a favorite amongst many retail traders. This review takes a closer look at this broker and what they offer.
In operation since 2014, Olymp Trade has established itself amongst one of the most popular online brokers even having Ronaldinho (retired Brazilian Footballer) on their sponsorship roll. They have millions of clients and have had their mobile app downloaded over 44 million times. Let's look into this broker and see if their services, features, and fees are inline with massive popularity they have.
Plus500 is one of the more "popular" and well known international online brokers. They were founded in 2008 and are regulated by several financial authorities not to mention they sponsor famous football and basketball teams. but how good are they as a CFD broker. In this review you will find that out and more.
★★★★★
More details +
Trust
7.5
Fees
4
Platforms and Tools
5
Customer Support
4
Tradeable Instruments
7.5
Account Types and Terms
2
Deposit and Withdrawals
5
Research and Education
5
PROS:
Their platform is user-friendly
Opening an account is simple and quick
Customer support seems to be helpful and very responsive
Low stock fees
No fees for withdrawals (depending)
The inactivity fee only applies if you neglect to log in
