Review 2024

4.5 / 5 is #1 in our broker rankings. remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.

- Daytrading Review Team boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading 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.

MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Forex, Spot Metals
Active Trader Program With A 15% Reduction In Costs
Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
Forex Trading maintains its position as a leading FX broker, thanks to the 80+ currency pairs and some of the lowest fees in the industry. EUR/USD spreads come in as low as 0.0 with a $7 commission per $100k. The SMART Signals tool also uncovers forex price patterns from dozens of major markets.

Stock Trading offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. You can speculate on household names as well as new IPOs, giving day traders plenty of opportunities to diversify their stock portfolios. US stocks are available from just 1.8 cents per share.


  • 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

  • is a respected and trusted broker overseen by tier-one regulators including the US SEC
  • Excellent trading tools including the Trading Central research dashboard and the SMART Signals price pattern scanner
  • You can enjoy industry-leading forex pricing starting from 0.0 pips, plus fast execution speeds of less than 1 second
  • The proprietary Webtrader is an excellent option for day traders, offering over 80 technical indicators for detailed analysis
  • Competitive cashback rebates up to 15% are available for active traders
  • The free demo account allows you to practice day trading strategies in a risk-free environment
  • There's a VPS hosting solution for those using automated trading strategies
  • The $100 minimum deposit requirement makes the broker accessible for beginners

✗ Cons

  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • It's a shame that there's no copy trading platform for beginners or signal providers
  • The investment offering varies between countries

This review weighs the pros and cons of trading with one of the largest forex and CFD brokers. We evaluate trading accounts, spreads and fees, leverage and safety measures. Our experts also test the trading platform and mobile app and unpack the best features.

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

CFDs and equities are not available to trade for US clients.

Assets & Markets

4.3 / 5 stands out for its excellent suite of currency pairs – more than most alternatives. You can trade over 80 forex assets, including the EUR/USD, GBP/USD, and USD/JPY.

You can also speculate on spot gold (XAU/USD) and spot silver (XAG/USD) – unleveraged trades only.

Note, CFDs are banned in the US.

Account Types

There are three live accounts to choose from; Standard, Raw Pricing, MetaTrader 4.

We recommend the Standard profile for users looking to trade forex with traditional spread pricing from 1.0 pip. There are zero commissions and a good selection of extra features not found at many alternatives, including trading signals, technical insights, Reuters news, and integrated calendars.

The MetaTrader 4 profile will serve traders familiar with the MT4 download. It offers the same variable spreads from 1.0 pip, along with technical insights, market research, analyst views, and more.

The Raw Pricing solution is a better fit for users seeking very low spreads from 0.0 pips with a $5 fixed commission. This essentially provides all the same perks as the Standard account but with tighter spreads.

Importantly, the minimum deposit is low at $100, making a good option for beginners. We consider anything below $500 accessible.

How To Open A Account

I found it straightforward to sign up for a live account. The online registration form is easy to follow – only taking a few minutes.

  1. Select either the proprietary platform or MetaTrader 4
  2. Choose from the list of account options
  3. Enter your personal details on the following page (email, username, password, title, name, date of birth, and telephone contact number)
  4. Add your full address and submit your citizenship identification number
  5. Share your financial history and investing experience including current employment status and expected investment value
  6. Review your account details and submit the application

Signing up for a new trading account with

Trading Fees

Our team have reviewed hundreds of brokers and offers low fees.

Spreads on the EUR/USD start from just 0.0 pips alongside a competitive commission of $7 per $100k on the Raw Pricing account. This is a good option for active traders.

The Standard and MetaTrader 4 accounts also offer tight variable spreads from 1.0 pips.

It is also worth noting that if you are 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 compare vs FXCM, OANDA, TD Ameritrade and other competitors, live pip spreads are about the same or better, particularly for major pairs such as the EUR/USD.

Non-Trading Fees

On the negative side, charges a $15 inactivity fee after one year of no trading activity, though you can temporarily disable your account to avoid this penalty.

As standard, rollover rates apply for positions held overnight, applicable from 5 PM (ET). Fortunately for day traders, this cost should be easily avoidable.

A currency conversion fee may also apply for trades settled in a currency other than your account base. This fee is +/-0.5% from the current market price.

Payment Methods trails some brokers when it comes to the choice of deposit options. With that said, we appreciate that there are no deposit and withdrawal fees, although third-party charges may apply.

You can fund your account with:

How To Make A Deposit

You can fund your account quickly via the client portal.

Simply select ‘Funding’ and then ‘Deposit’. Now just follow the on-screen instructions to complete the payment.

How To Make A Withdrawal

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 from is $100. Withdrawals made by bank transfer or debit card are capped at $25,000 while wire transfers are not limited.

Importantly, transfers may take up to 48 hours to be processed, which is similar to most competitors.

On the negative side, 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, so I would recommend these if you want to keep costs down.

Trading Platforms offers an excellent suite of software, catering to different trading styles and needs.

Web Trader

The Web Trader is one of the best proprietary platforms that I have tested. It is a good option if you are looking for a quick and easy to use platform.

It is compatible with most browsers and has a modern design with a clean interface. It is well-equipped for analysis with 10 chart types and over 80 technical indicators.

I also rate the integrated economic calendar and account management features, which helps me manage all my trading activity from a single terminal.

Web Trader platform at

TradingView also provides access to TradingView.

This is a great solution for intuitive charting tools and visualization features. It also offers a good degree of customizability.

Some of my favorite features include:

MetaTrader 4

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, 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, in-built technical indicators, historical data, and more. Our favorite feature is the Expert Advisors (EAs), ideal for experienced traders looking to put a robot to work. also boasts 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 MetaTrader broker for software integration.

The other bonus of opting for the MT4 is that you can find a huge number of tutorials online to help you make the most of the platform.

How to trade on
MetaTrader 4

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
  4. Here you can choose between instant and pending orders, input stop loss and take profit levels, position size, and more
  5. Finally, confirm the trade by selecting sell or buy

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.

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 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.

US traders can take advantage of a mobile app that have created alongside software developers FX Blue. The app is a single-click download, and offers extensive EA add-ons for the MT4 integration. Some of the best features include:

Available across most mobile platforms, the EA can be downloaded here.

Regulation & License

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

The brokerage is regulated by:

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

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

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

Leverage up to 1:50

is available for forex, while you cannot take leveraged positions on spot gold and silver.

Importantly, we always recommend caution when trading on margin – losses can be amplified. With this in mind, make sure you employ suitable risk management strategies.

Demo Account offers two free demo accounts. There is a practice account available on the platform and an MT4 demo account available.

Demo accounts are funded with $50,000 in virtual cash.

Importantly, our traders’ reviews and ratings of the practice account are mostly positive.  Both are a great place to learn to trade without risking any of your own capital.

Once armed with your demo account login details, you can practice trading your favorite markets. 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 close your demo account and upgrade to a live account.

How To Open A Demo Account

Opening a demo account is very simple:

  1. Select ‘Try A Demo Account’ from the broker’s homepage
  2. Add your name, email, country of residency, and contact number to the registration form, then press ‘Submit’
  3. Login credentials will be sent to your registered email address and displayed on the following screen
  4. Click ‘Log Into Web Platform’
  5. Choose either ‘Web Trading’ or ‘MetaTrader 4’ to put to the test

Bonuses & Promotions introduced its Active Trader program to reward high-volume traders.

Benefits include a reduction in trading costs by up to 15% through cash rebates, high interest paid on uninvested account balances, and access to a dedicated account manager.

To qualify, you will need to deposit at least $10,000 or trade $50 million in a calendar month.

This is a great loyalty program for serious traders who want a personalized trading experience with highly competitive account conditions.

Additional Features is an enticing proposition because of the number of useful additional features on offer. Our only major criticism is that there is no copy trading.

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.

Customer Support

4.3 / 5 customer support is available 24/5. You can contact the team via telephone, email, and live chat.

We rated the online chat function as best in class and received a response from an agent in less than one minute.

The broker’s customer service team can assist with a range of issues from minimum and maximum lot sizes to withdrawal problems and leverage calculators. As well as this, you can use support for general complaints, interest rates, opening hours, or web login issues.

Our experts were pleased with the extensive FAQ page on the website. The section is organized into major categories including how to manage your funds, open an account, and trade with margin.

Company Background was founded in 1999. It is now part of StoneX, a financial services organization, serving over one million customers worldwide, including in the US, UK, EU, Japan, Canada, Hong Kong, and the Cayman Islands.

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 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 are 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.


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.

What Is The Minimum Deposit For

100 units of your local base currency is the minimum deposit requirement to open a 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.

Top 3 Alternatives to

Compare with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex Comparison Table

Compare With Similar Brokers IG Interactive Brokers World Forex
Rating 4.5 4.4 4.3 4
Markets Forex, Spot Metals CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus Active Trader Program With A 15% Reduction In Costs 100% Deposit Bonus
Education Yes Yes Yes No
Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:50 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 8 6 6 10
Visit Visit Visit Visit Visit
Review IG
Interactive Brokers
World Forex

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 Interactive Brokers World Forex
CFD No Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options Yes Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes 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.


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Customer Reviews

  4.7 / 5

This average customer rating is based on 3 customer reviews submitted by our visitors.

If you have traded with we would really like to know about your experience - please submit your own review. Thank you.

  5 is the best broker I’ve used, period. Reliable, low trading fees and excellent analysis tools.

✍ Joe J | 🌐 United States | December 20, 2023

For me has proven to be a reliable broker. The Smart Signals are really useful for analyzing currency markets while the trading platform itself is responsive with dozens of indicators and a slick design. I would like to see a copy trading service though, I’ve seen lots of brokers offer that these days.

✍ Leo | 🌐 Canada | November 27, 2023

I can’t fault for trading currencies. The web platform is excellent with all the charts and tools I need. Spreads are also very tight. If you want a forex broker you can trust, it’s a great option.

✍ Charles D | 🌐 United Kingdom | November 15, 2023

Submit Your Own Review of

If you have experience trading with please share your personal review of the broker and what you think are strong and weak points. Thank you.

Visit boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading 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.

Article Sources

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