INVESTING
Forex Brokers
Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company
- Easy registration
- User-friendly platform
- No information on regulators
- No information on negative balance protection
- No information on account types
- Low client score
- Only regulated by CySEC*
Matthew Murphie founded FP Markets in 2005. With clients using MT4 and MT5 as the base trading software, they are able to trade forex, stocks, crypto, indices, commodities, ETFs and bonds. This CFD and forex broker is reregulated and regarded as reputable due to the three authorities that regulate it. This FP Markets review details and compares FP Markets' pros and cons to determine how good their services and features are.
- MT4 and MT5 are available
- Been in business since 2005
- Regulated by multiple financial authorities
- Two easy-to-understand account types
- Over 10,000 assets to trade
- Good amount of trading resources
- Islamic Swap Free accounts are an option
- Many funding methods are available
- Only trade CFDs
- There is a minimum deposit of 100 AUD or the equivalent
- Some information and trading resources on the site are outdated
- There is no Cent account available
- There are no special offers except for the affiliate and IB program
Tickmill is an online CFD broker that was founded in 2014 and started providing brokerage services in March 2015. This MetaTrader only broker currently has over 300 thousand global clients and offices in Seychelles, Malaysia, and South Africa. This Tickmill review will break down Tickmill as a broker and everything they have on offer for prospective clients.
- Regulated by multiple authorities
- Has MetaTrader4 and MT5
- Three "basic" trading accounts
- Able to trade CFDs
- No commissions
- Good customer support
- Good trading resources
- Good trading education
- Mobile app is only for account management
- Commission on two of the three trading accounts
- Can't trade commodities
- The minimum deposit is 100 USD, regardless
- No mobile trading app
- Easy-to-use platforms
- Very beginner friendly
- Able to trade CFDs
- Adjustable leverage per trade
- One account to suit everyone (great for beginners)
- Great trading resources
- Very popular platform
- Have over 11 million users
- Customer support is only through tickets
- You can only trade CFDs
- Spreads are not great
- Only one account, so you don't have flexibility
- Flexible high leverage
- Regulated by multiple authorities (ASIC and FSA)
- 1 USD minimum deposit on most accounts
- ECN account
- MT4 is standard
- Over 49 forex pairs to trade
- AximTrade mobile app
- Multiple payment gateways
- Registration is easy
- High leverage means high risk
- Their assets list is limited
- Only MT4 is available
- Spreads are average except for the ECN account
- Not available in many countries
OCTA is an online CFD broker that was founded in 2011. They have a good reputation, have accumulated numerous awards, and have thousands of positive reviews from clients and other broker review sites. We are going to take a look at this broker in detail to see what features and services are on offer, how good they are, and if you should consider them as a broker, you would want to use.
- In operation since 2011
- Hold numerous awards
- MT 4 and MT 5 are available
- Own proprietary platform
- Wide asset range for forex and crypto
- No commission
- No deposit and withdrawal fees
- Payment methods vary depending on the region
- Account types vary depending on the region
- A limited array of assets depending on market
- Regulated by seven authorities
- Futures and securities trading
- Nice range of forex pairs
- Easy to open an account
- Good customer and technical support
- Regular promotional offers
- Obtained several awards
- Only two account types
- Maximum leverage is 1:200;
- The minimum deposit is USD 200 or an equivalent amount
- Trading resources and education material is limited
- They offer live chat support
- They offer deposits in the form of crypto
- The signup process is simple enough
- Likely not regulated by a financial authority
- Only two methods for withdrawals and deposits
- No trading resources or any educational material
- Muddled information about account types
- No trading platform for Mac or iOS users
- Cent account
- Minimum deposit of only 15 USD for Cent and Standard account
- High leverage
- Regulated by ASIC and the FSC
- No negative balance protection
- Contradictory information on the website
- Only internet bank transfers allowed
- No telephonic support
- Small assets list
- Relatively new broker
- No help desk or FAQ section
- Limited resources that only clients can access
- 7 different accounts to choose from
- The asset list is small
- There is no customer support
- Potentially a scam
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