Review 2023

/ 5 is #1 in our CFD broker rankings. is excellent for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score.

- DayTrading Review Team boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.


Demo Account

Beginner Friendly

Award Winning
MT4, MT5, eSignal, TradingView, AutoChartist, TradingCentral
Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Wire Transfer, Credit Card, Debit Card, Neteller, Visa
and 3 more

Forex Trading is a leading FX broker. The brand offers a huge range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.2 with a $5 commission per $100k.

Stocks Trading offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. Speculate on household names as well as new IPOs. US stocks are available from just 1.8 cents per share.

CFD Trading

Go long and short on a range of popular financial markets with intuitive platforms and reliable execution. 99.76% of trades are executed in less than a second with an average speed of 0.02 seconds.

Crypto Trading

Trade major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet is required, just a trading account. Cryptos are not available in the US, UK or Canada.


  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 -
  • Best US Broker 2019 -
  • Runner-Up - Best Forex Broker 2019 -

✓ Pros

  • Top-rated forex and CFD broker
  • The broker’s parent company, StoneX, is listed on the NASDAQ
  • Thousands of assets are available from currencies to stocks, indices and commodities
  • Leading trading tools, including Trading Central, SMART Signals and MetaTrader 4
  • Multiple account currencies including USD, EUR and GBP
  • Industry-leading pricing on popular forex assets
  • Up to 15% cashback rebates for active traders
  • VPS hosting for automated strategies
  • Free demo account for beginners
  • Fast order execution speed
  • TradingView integration
  • Low minimum deposit

✗ Cons

  • $15 inactivity fee
  • No copy trading tool
  • Tools and platform access varies between countries is one of the largest online forex and CFD brokers. The brand facilitates trading on thousands of global markets, including currencies, stocks, indices, cryptocurrencies and commodities. This review will examine all aspects of their services, from trading platforms, mobile apps, fees and demo accounts to spreads, leverage and MT4 integration. Get all your questions answered and login to trade today.

Note, the products and services available to you at will depend on your location, and on which of its regulated entities holds your account.

Key Takeaways

Assets & Markets connects traders to some of the largest markets around the world, including:

Spreads & Commissions do not charge a fee on forex trades. Instead, they are compensated via the spread. When it comes to some of the largest FX assets and shares, has average spreads. But the broker offers below-average costs for index and commodity CFDs.

The company has four pricing models, dependent on the type of account held. Typical spreads range from 0.8 pips to 1.9 pips. Clients pay 10 USD/EUR/GBP units per trade for stocks.

It is also worth noting that if you’re part of the Active Trader program and deposit at least $10,000 while trading 30 standard lots per month, you can receive up to 15% off standard pricing.

Overall, if you were to compare vs FXCM, Oanda, TD Ameritrade and other competitors, live pip spreads would be about the same, particularly for major pairs such as the EUR/USD.

Other Trading Fees

Fees may vary between countries so be sure to check your local rates. does charge an inactivity fee of $15 per month. This is payable if there are no new positions opened for over 12 months. However, you can contact to temporarily disable your account and this fee can be avoided.

Traders can also face steep rollover rates if positions are held overnight. Fortunately for day traders, this cost should be easily avoidable. does not currently offer any bonuses nor deposit or promotional codes.


Margin trading is available.

The maximum leverage available will vary on your account type and volume of activity. Head to their website and use the margin calculator and find out what leverage ratio you can access.

Professional traders are eligible for higher rates.

Note: margin trading is risky and should only be attempted by those with the relevant expertise. Accounts

For most clients, there are two live accounts to choose from. Account requirements are mostly the same, but one offers’s proprietary trading platform and the other utilizes the industry standard MT4 software.

Both accounts offer 1:200 margin (varies by the entity the trader is registered with) and almost all the same features.

However, the MT4 account does not offer shares and has fewer commodities. You also have fewer order types and less ability to set user-defined price tolerance. also offers Islamic, Commission and Corporate accounts. Head to their website and follow the on-screen instructions to fill out the application form.

Active Trader Account

Clients from some locations will also have access to the Active Trader account. This is best for those generating significant trading volumes.

The advantage of this trader account comes in reduced pricing on standard spreads. As a result, you could trade on the EUR/USD for as low as 0.2. Account holders also have access to:

However, the rules for this account dictate that you must maintain a minimum average monthly balance of $25,000.

If you can maintain an average account balance of $100,000 you will be upgraded to discount level 2, where there are even greater benefits.

Minimum Deposit

Before you sign up with, log in, and download any software, you need to make sure you are aware of all account requirements and trading fees.

A Standard trading account has a minimum deposit of 100 units of the base currency of your account (for example £100, €100 or $100).

The premium Active Trader account has a minimum deposit requirement of $10,000. Alternatively, a monthly trading volume of $25M automatically qualifies you for Active Trader. Continued eligibility is contingent on a total quarterly trade volume of at least $50M or an average account balance of at least $25,000.

US traders will be subject to different deposit rules than UK or European traders.

Whilst you can find brokers offering lower minimum deposit requirements, there are many demanding far higher.’s rates are fairly standard.

Once new clients have made a qualifying deposit, traders can sign in to their account and open the trading terminal from the secure login page.

Payment Methods


Once you sign up with you will have to fund your account. There are multiple deposit and withdrawal options:

Note, that deposit options will vary depending on your location. Head over to their website or their live chat support for detailed instructions on what is available in your area.


To make a withdrawal, log on to the trading platform and select ‘Add Funds’. Then, navigate to the ‘Withdraw Funds’ option. Funds must be returned via the same means that they were deposited.

The minimum sum that can be withdrawn is $100. Withdrawals made by bank transfer or debit card are capped at $25,000. Wire transfers are not limited. Transfers may take up to 48 hours to be processed.

Wire withdrawals carry a fee of $25 up to $10,000. There are no fees associated with withdrawals made by debit card or bank transfer.

Trading Platforms reviews are quick to praise the number of trading platforms available, which ensures flexibility for traders of all experience levels. Traders can access the following:

Web Trader

For those looking for a quick and easy to use platform, the WebTrader could be a good option. It is compatible with most browsers and does not require significant memory capacity to download and install.

Users will have access to advanced charting, a long list of trading tools and over 80 technical indicators. There is also an economic calendar, full account management and the option to create as many trailing stops and stop-losses as you need.

Making deposits, withdrawals and tracking profits is also straightforward. platform ratings

Overall, if you are interested in web trading and still want access to a long list of products, including cryptocurrency, such as bitcoin, then the Web Trader is worth considering.


The MetaTrader 4 platform dominates the scene when it comes to FX and CFD trading. Its popularity is largely due to the range of in-depth trading tools it offers options for customization and the fact that it is easy to navigate.

Once you login you will find all the usual features, including heat maps, security screeners, historical data and more.

Expert advisors are also supported, for those interested in putting a trading robot to work on their behalf. The added bonus of opting for the MT4 download is that you can find a huge number of tutorials online to help you make the most of the platform.

Finally, MetaTrader 4 login is made easy as you simply head over to the website and follow the on-screen instructions to get set up.

How to trade on
MetaTrader 4 actually boast the largest number of servers to host MetaTrader – more than any other broker globally. They offer MetaTrader Web and MetaTrader mobile plus add-ons. They are a leading MT4 & MT5 broker for software integration.

How To Place A Trade

  1. Use the dashboard icon under ‘File’ to choose from the list of supported assets
  2. Select the page icon with the plus in the top left menu
  3. An order window will then appear (as above)
  4. Here you can choose between instant and pending orders, input stop loss and take profit levels, position size and more
  5. Finally, select sell or buy using the red and blue boxes to confirm the trade

Advanced Trading Platform

This powerful and sophisticated platform will meet the vast majority of traders’ needs.

The platform offers drawing tools, 15-time frames, advanced live charts, and over 100 technical indicators.

Users can also create their own custom indicators. There are over 100 templates that you can customize through their Development Studio. Drag and drop windows to find a layout that suits you. You can also create multiple watch lists.

On top of that, you get all the signals and historical data you could possibly need. There is also an integrated newsfeed, helping you stay up to date with the latest market movements.

Once you have completed the software download, you will also get access to a number of integrated trading strategies, from scalping to reversal techniques. ratings
Advanced Platform

Verdict On Trading Platforms

Overall, there are enough platforms to satisfy all types of traders’ needs, from complex market and technical analysis to quick and easy web trading.

In fact, if you compare vs thinkorswim, Nadex, or other similar systems, you will find the diverse offering stands out.

The European brand also holds its own amongst the likes of CMC Markets and Saxo Bank.

In addition, it’s worth noting there is a Direct platform. As an ECN broker, this is aimed at high worth individuals, requiring a minimum deposit of $100,000. On top of a highly sophisticated platform, clients benefit from tighter spreads. However, generally, this attracts more attention from institutional traders than your average retail investors.

App Review

Once you open a account you will also be able to download their apps for Android and iOS devices.

When we used’s app, we were pleasantly surprised by the full trading capabilities, advanced charts and integrated trading tools offered.

You can set up alerts, access an economic calendar and utilize integrated Reuters news.

All apps have 26 indicators and 13 drawing tools. On top of that, scrolling between live quotes, charts and current positions is quick and easy. app review
Mobile Trading

The newest version of the app includes ‘dynamic trade ticket’ with risk management updated in real-time, orders set by price, pips and PnL and powerful new charting (including templates) provided by TradingView.

Upon testing, we found that on the side of the app, you can access support via phone or live chat. You will also find training videos within the application to help you make the most of the platform.

We particularly like the iPhone and iPad apps, where the sleek user interface really comes into its own.

You can also easily view rates, market analysis and change your leverage from within the app. Depositing and withdrawals can also be made from within the application.

Furthermore, you get the same access to their extensive markets from their apps, so you can start oil trading or speculating on BTC/USD.

Demo Account

Our traders’ reviews and ratings of the practice account are mostly positive. offers two free demo accounts. There is a practice account available on the trading platform and an MT4 demo account available.

Both are a great place to learn to trade without risking any of your own capital. Demo accounts are funded with $10,000 in virtual cash.

Once armed with your demo account login details, you can practice trading your favorite markets, such as Germany’s Dax 40 index. You also get:

Tracking your progress is also straightforward, whilst finding user guides and research to help you improve is easy. However, it is worth noting your practice account won’t reflect the slippage you may experience with a live account.

Once you are familiar with the markets and your confidence has grown, you can then easily close your demo account and upgrade to a live account. Regulation & License

Our experts were pleased to see is regulated in numerous jurisdictions and adheres to a high standard of corporate governance.

The brokerage is regulated by:

High levels of regulation bring clear benefits to day traders. Firstly, you can relax knowing can be trusted.

Secondly, through regulation by the FCA, customers can receive up to £85,000 via their compensation scheme in a number of scenarios, such as becoming insolvent.

It is also worth noting that the company holds licenses and is regulated in a number of other countries, so traders from Singapore, Vietnam, Russia, China, Indonesia, India and a whole host of other nations are able to trade online with

CIMA regulation has led to huge growth for the brand in the Middle East, across Africa, South and Central America and South Asia.

Additional Features is an enticing proposition because of the number of useful additional features on offer. For example, the learning center provides in-depth educational material. There is even the self-study course ‘Learn to Trade Forex.’ This seven-part course includes: live signals
SMART Signals

There are also further interactive courses, complete with training videos to help you understand chart patterns and manage risk. Both beginners and seasoned traders can chart their education journey.

The ‘Foundations of Forex Trading’ webinar series is also available for traders – run in association with Trade with Precision – traders can sign up to these directly.

Printable workbooks and quizzes are also offered, ensuring that all learning styles are catered to.

On top of the learning resources, traders benefit from:

Head to the Pivot Points section and lists daily, weekly and monthly support and resistance levels. Within the technical section, you can find an alphabetized glossary of financial terms.

Finally, there is the Introducing Brokers referral scheme. If you bring in new customers, you can choose from multiple compensation models. No upfront investment is required and you can track your progress with their straightforward partner portal.

Contact & Customer Support

Accessing’s customer service is quick and easy. Simply head over to their website where you can connect with a member of the team via live chat. Live chat is also available on your trading platform and within your mobile app.

Support can assist with a range of issues from minimum and maximum lot sizes to withdrawal problems and leverage calculators. As well as general complaints, interest rates, opening hours or web login issues.

You can also contact via telephone or email. The phone number in your location can be found on their website.

Support is offered in the following languages:

There is also an extensive FAQ page on the website. Here you will get instructions on how to get to ‘My Account’ and manage your funds and trades, as well as answers to other common queries.

Company Background was founded in 1999. It is now part of StoneX, a financial services organization, serving over 500,000 global customers across:

StoneX is a publicly listed company on the Nasdaq under the ticker symbol SNEX.

The company also operates under the international City Index brand for spread betting.

Understanding where a company has come from is important because it should ease concerns over scams. is owned by a legitimate and trusted company with decades of experience meeting traders’ needs.

Safety & Security keep all deposits separate from its own operating funds, distributing them across a global network of custodian banks.

Sophisticated encryption technology is utilized to keep users’ capital and information safe.

In addition, they abide by guidelines laid out by the Risk Committee of Stone X.

Note, offers negative balance protection to retail customers only.

Trading Hours

At, FX trading is available 24 hours a day from 22:00 GMT Sunday until 22:00 GMT on Friday. However, it’s worth noting market hours at the beginning of the trading week often see illiquid market conditions. As a result, spreads can widen.

Spot gold and silver market hours are slightly different. Trading is available 23 hours a day from 23:00 GMT Sunday through to 22:00 GMT on Friday. Trading is closed each day between 22:00 and 23:00 GMT.

During national holidays, trading hours may vary, for example Christmas hours are different from standard hours. See the website for details. Ensure you are checking hours local to your geographical time zone. Verdict offers competitive pricing, a number of trading platforms, automated trading tools, plus a library of useful educational resources.

Throw in reliable customer service and access to a range of assets, and you have yourself a trusted broker who can meet the needs of both beginners and advanced traders.

So, if you’re deciding between or Oanda, FXCM and other competitors, there is little you will find elsewhere that you can’t get with In fact, this broker consistently ranks among the top in our forex reviews by expert traders.

Accepted Countries accepts traders from Thailand, Canada, United States, United Kingdom, South Africa, Singapore, India, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use from Belgium, France, Ghana, Hong Kong, Iceland, Israel, New Zealand, Nigeria, Pakistan, Congo, Cote D’Ivoire, Iran, Iraq, Lebanon, Mauritania, Norway, Netherlands, Sweden, Spain, Italy, Switzerland, Portugal, Ireland, Germany, Australia.

Payment Methods Details

Minimum Trade $1
Account Types
  • STP
  • ECN
  • DMA
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning Yes
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Automated trading supported through platforms (MT4)
Social Trading No
Trade Signals SMART Signals
Inactivity Fee $15
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
  • Cocoa
  • Coffee
  • Cotton
  • Gold
  • Livestock
  • Natural Gas
  • Oil
  • Silver
  • Soybeans
  • Sugar
  • Wheat

CFD Trading Details

FTSE Spread 1 pt
GBPUSD Spread 1.0 Var
Oil Spread 0.04 Var
Stocks Spread 0.1% (Min Commission Applies)
Leverage 1:200

Forex Trading Details

GBPUSD Spread 1.0 Var
EURUSD Spread 0.8 Var
EURGBP Spread 0.8 Var
Assets 80+

Cryptocurrency Trading Details

Crypto Spread BTC 1.4%, ETH 2%
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP


Compare with similar brokers that accept traders from your location. Among available brokers these are the most similar to

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
    Go to Kwakol Markets Comparison Table

Compare With Similar Brokers IG Group Just2Trade Kwakol Markets
Rating 4.5 4.4 3.5 2.4
Markets Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Stocks, ADRs, ETFs, futures, options, commodities, bonds CFDs, Stocks, Indices, Commodities, Forex, Cryptos
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 £250 $100 $1
Minimum Trade $1 0.1 lots 0.01 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education Yes Yes No No
Platforms MT4, MT5, TradingView, AutoChartist, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:200 1:30 1:5 to 1:20 1:1000
Payment Methods 8 6 20 4
Visit Visit Visit Visit Visit
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trading Instruments IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options Yes Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No vs Other Brokers

Compare with any other broker by selecting the other broker below. vs

The most popular comparisons:

  1. FXTM vs
  2. vs FXCM
  3. Eightcap vs
  4. vs Avatrade
  5. vs Axi


Is A Good Or Bad Broker? is an established broker that offers multiple account types, advanced tools and analysis, and great educational resources. It is suitable for traders with a range of experience levels. Reviews in forums are generally very positive. Our experts’ findings were also similar.

Is Legit Or A Scam?

Traders should feel reassured that is a regulated broker with decades of experience catering to retail investors around the world. The company adheres to industry licensing requirements in each jurisdiction in which it operates and implements advanced safety measures to protect client funds.

Is Available In Australia?

Yes, is available to traders based in Australia. The brand is a global broker, also operating across Europe, the US and Asia. It caters to a range of traders looking to gain capital and access major markets and instruments.

What Is The Minimum Deposit For

100 units of your local base currency is the minimum deposit requirement to open a trading account. Whilst not the cheapest in the market, given the free resources and advanced tools on offer, it feels reasonable.

What Type Of Broker Is is an online broker offering CFD and forex trading to retail investors around the world. Whilst it caters to a range of trading styles, when we used the company, we found it is best for high volume traders looking for fast, reliable execution.

Article Sources

The writing and editorial team at use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust

Visit boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.