Review 2024

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Written By
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Written By
Christian Harris
Christian is a seasoned journalist with decades of experience. He transitioned from tech journalism to finance to follow his interest in investing. He has been trading stocks, futures, forex, and cryptocurrencies for more than 5 years, becoming an eToro Popular Investor. With hands-on expertise across various assets, he offers valuable trading insights.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

4.5 / 5 is #1 in our broker rankings.
MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Forex, Stocks, Futures, Futures Options
Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer


  • 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 -


  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • Alongside a choice of leading platforms, offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, boasts a global reputation as a trusted brokerage.


  • Despite increasing its range of instruments,'s product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  •'s MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms. Review

This review examines the advantages and drawbacks of trading with one of the leading forex and CFD brokers. We’ve analyzed the elements prospective day traders should consider before opening an account, including thoroughly testing the platform and highlighting the standout 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.

Regulation & Trust

4.9 / 5 is one of the most trusted brokers. It’s authorized by 10+ regulators, 9 of which are ‘Green Tier’ (NFA, CFTC, CIRO, FCA, CySEC, ASIC, SFC, FSA, and MAS), demonstrating a commitment to high standards of investor safeguarding. is regulated by the following financial bodies:

The 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.

Its parent company, StoneX Group Inc, is also listed on the Nasdaq stock exchange (NASDAQ: SNEX), underscoring its legitimacy.

Client funds are held separately from the company’s capital, ensuring protection in case of financial difficulties in the case of the brokerage. Additionally, UK clients benefit from asset protection through the Financial Services Compensation Scheme (FSCS), offering coverage up to £85,000, while Canadian clients enjoy protection up to $1,000,000 through the Canadian Investor Protection Fund (CIPF). provides negative balance protection, a requirement under ESMA regulations implemented in 2018, for its UK/EU clients.

Unlike other brokers that offer ‘just’ two-factor authentication (2FA), provides both 2FA and biometric authentication options for its mobile application, ensuring a secure environment.

On the downside, US clients do not receive negative balance protection to safeguard their funds. While fairly common, this means that US traders facing negative account balances may find themselves owing more money than their initial deposits, increasing the level of risk.

Comparison of similar brokers 2024 IG Interactive Brokers
Regulation & Trust Rating
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Accounts & Banking

4 / 5


For US traders, there are three live accounts to choose from; ‘Standard’, ‘Raw Pricing’, and ‘MetaTrader 4’.

I 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 signals, technical insights, Reuters news, and integrated calendars.

The ‘MetaTrader 4’ account 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 day traders 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.

Although the minimum deposit requirement is relatively low at $100, making this forex broker an appealing choice for beginners, some other competing brokers, notably Pepperstone and OANDA, have no minimum deposit.

I found setting up an account straightforward, and the entirely digital process can be completed in just a few minutes. The only potential delay lies in awaiting approval, which may take up to 48 hours depending on your time zone.

Before depositing, I recommend trying a demo account. One is accessible through the proprietary platform, while the other is an MT4 demo account. These accounts come preloaded with $10,000 in virtual funds but are frustratingly limited to 90 days.

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Christian Harris

Deposits & Withdrawals lags behind many brokers in terms of deposit options. Payment solutions are dependent on your jurisdiction and are limited to credit/debit cards, a few e-wallets like PayPal, or wire transfers. US traders only have access to debit cards, ACH transfers and wire transfers.

Cards and PayPal deposits should appear in your account within seconds, while a wire transfer can take up to 2 business days. doesn’t charge for deposits, but your card-issuing bank may charge you a cash transaction fee if it treats your transaction as a cash transaction.

Live accounts can be funded with 8 base currencies depending on your account jurisdiction, including USD, EUR, and GBP. This is better than most brokers, but not as accommodating as IG, which supports 12 different currencies.

Opening an account using your preferred base currency offers a significant advantage: you can avoid conversion fees when funding your trading account in the same currency as your bank account, or when trading assets denominated in the same currency as your trading account’s base currency.

You can fund your account quickly via the client portal. Simply select ‘Funding’ and then ‘Deposit’. Then just follow the on-screen instructions to complete the payment.

Similar to other brokers, the withdrawal process can be slower. Withdrawals can only be made to accounts under your name, and initially, you must use the same methods for withdrawals as for deposits.

Disappointingly, US and Canadian customers are charged a withdrawal fee (from $25) if their withdrawal is under $10,000.

Comparison of similar brokers 2024 IG Interactive Brokers
Accounts & Banking Rating
Payment Methods ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, Skrill, Visa, Wire Transfer Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer
Minimum Deposit $100 $0 $0
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Bonuses & Promotions has 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 day traders who want a personalized experience with highly competitive account conditions.

Assets & Markets

4.3 / 5 specializes in forex and CFDs, which means that certain popular asset classes like real stocks, real ETFs, or options are not included.

Also be aware that the products and services are contingent upon your location and the regulated entity that oversees your account. For instance, CFD trading is prohibited in the US.

However, with a wide selection of instruments available, including currency pairs (84), stock index CFDs (17), stock CFDs (5,500), ETF CFDs (20), commodity CFDs (26), bond CFDs (12) and crypto CFDs (8), the brokerage provides excellent trading opportunities.

In particular, stands out for its extensive selection of currencies and shares, which surpass that of the vast majority of the almost 500 brokers we’ve tested, making the broker an excellent option for forex and stock traders. also scores well in the investment offering department after enhancing its range of products in recent years, including bolstering its suite of stock CFDs in 2022 for Canadian clients.


Leverage of up to 1:200 is offered (subject to regulatory limitations, capped at 1:30 in Europe and 1:50 in the US on forex, though you cannot take leveraged positions on spot gold and silver), with lot sizes starting from just 0.01.

I found the default leverage setting on the platform remains fixed at 1:50 and cannot be altered. However, MetaTrader 4 accounts allow for adjustments to leverage settings, with options ranging from 1:10 to 1:20.

Make use of risk management tools while trading on leverage, notably guaranteed stop loss orders which are available to EU/UK clients of, but not US clients.
Comparison of similar brokers 2024 IG Interactive Brokers
Assets & Markets Rating
Trading Instruments Forex, Stocks, Futures, Futures Options CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Margin Trading Yes Yes Yes
Leverage 1:50 1:30 (Retail), 1:250 (Pro) 1:50
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Fees & Costs

4.6 / 5 offers excellent pricing, particularly for active day traders.

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 great 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, when comparing to FXCM, OANDA, and other competitors, live pip spreads are comparable or better, particularly for major pairs like the EUR/USD.

Additionally, a currency conversion fee may be applicable for trades settled in a currency different from your account base, typically around +/-0.5% from the prevailing market price. Rollover rates apply for positions held overnight, commencing from 5PM (ET). Thankfully for day traders, this cost should be easily manageable.

In terms of non-trading fees, imposes a $15 (or base currency equivalent) inactivity fee after one year of no activity, although you can temporarily disable your account to avoid this penalty.

I would like to see introduce interest payments on cash balances. This is available at alternatives like eToro and Interactive Brokers, and provides a way to make money on idle funds.
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Comparison of similar brokers 2024 IG Interactive Brokers
Fees & Costs Rating
EUR/USD Spread 1.2 0.8 0.08-0.20 bps x trade value
FTSE Spread 1.0 1.0 0.005% (£1 Min)
Oil Spread 2.5 2.8 0.25-0.85
Stock Spread 0.14 0.02 0.003
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Platforms & Tools

4.6 / 5 provides a superb range of software, tailored to diverse trading styles and requirements.

My only criticism is that there is no copy trading service, an increasingly popular tool among aspiring traders, provided by alternatives like eToro.

Web Trader

Its proprietary web platform (also available as a desktop) stands out. It offers a user-friendly and customizable experience, making it a solid choice for those seeking convenience over technicality. The desktop platform has the same functionality as the web trading platform, but I do think the design feels outdated. WebTrader platform

With 10 chart types and over 80 technical indicators, the platform is well-equipped for in-depth technical analysis, catering to day traders. Moreover, I appreciated the integrated economic calendar and account management features, which helped to streamline my trading activities within a single terminal.

Ultimately, the Web Trader is one of the best proprietary platforms that I’ve tested, especially if you are looking for a quick and easy-to-use platform.

TradingView also lets you trade directly from the superb TradingView platform, so you’ve got intuitive charting tools and visualization features with a high degree of customizability.

Among TradingView’s most notable features are financial market screening for identifying trading opportunities, dynamic alerts and notifications customizable for various factors, access to over 80 technical indicators, and the option to create custom solutions using PineScript.

Additionally, you can benefit from a community forum for discovering new ideas, receiving strategy feedback, and gaining insights, making it a great network for aspiring traders.

TradingView charting platform at


Although my least favorite platforms due to their clunky and retro design, MetaTrader (MT4 and MT5) are extremely popular due to their extensive tools, customization options, and support for automated trading.

The software offers a comprehensive array of features, including heat maps, security screeners, built-in technical indicators, historical data, and more. A standout feature is the Expert Advisors (EAs), particularly favored by experienced traders seeking automated trading solutions.

How to trade on MT4 platform
MetaTrader 4 offers the largest number of servers for hosting MetaTrader, surpassing other brokers globally. It provides MetaTrader Web and MetaTrader mobile platforms, along with various add-ons, establishing itself as a leading MetaTrader broker for software integration.

Another advantage of opting for MetaTrader is the abundance of online tutorials available, facilitating you in maximizing your utilization of the platform.


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

While using’s app, I’m always pleasantly surprised by the full trading capabilities, advanced charts and integrated 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.

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, I 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.

I 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.

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.

Comparison of similar brokers 2024 IG Interactive Brokers
Platforms & Tools Rating
Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Mobile App iOS & Android iOS & Android iOS & Android
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4.8 / 5’s market analysis and insights exceed industry standards. It effectively consolidates its research resources within its own platform, ensuring easy access and organization.

You can access multiple news channels, automated pattern-recognition modules from Trading Central, and blog updates from’s global research team.

Reuters headlines stream continuously, and a Trading Central-powered economic calendar, Market Buzz, and Technical Insight are integrated.

Trading calendar at

What I really like is that also delivers high-quality written content daily, encompassing various markets and sector themes.

This includes weekly features such as the ‘Week Ahead’ series, as well as daily articles authored by in-house analysts and integrated resources from third-party providers. The result is a wealth of research tools to help you discover trading opportunities.

Comparison of similar brokers 2024 IG Interactive Brokers
Research Rating
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4.5 / 5 provides a superb variety of interactive courses, including training videos designed to enhance understanding of chart patterns and risk management.

What I find particularly useful about the educational material is that the courses can be filtered based on your experience (beginner, intermediate and advanced) and include progress tracking so you can conveniently continue your learning at a time that suits.

In addition to courses, lessons, Q&As and quizzes, the ‘Foundations of Forex Trading’ live webinar series covers useful topics such as market outlooks and trading Nonfarm payroll (NFP).

Course at on managing risk

You can also benefit from quarterly outlooks, economic calendars, NinjaTrader access, Trading Central access, live daily market updates, comprehensive technical reports, and weekly insights on major financial events on the broker’s YouTube channel.

Expert analysis and insights into assets within the new markets pages are also provided. You can navigate to the ‘Pivot Points’ section for daily, weekly, and monthly support and resistance levels, while an alphabetized glossary of financial terms is available within the technical section.

I continue to be very impressed with the educational materials at and it’s definitely one of the best resources I’ve seen from a broker. The only drawback is that content, apart from technical analysis topics available, can only be accessed via the main website.

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Comparison of similar brokers 2024 IG Interactive Brokers
Education Rating
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Customer SupportTesting live chat support’s customer support services are outstanding and are offered 24 hours a day from Sunday to Friday via telephone, email, or live chat.

Personally, I always head straight to live chat first to try and get issues resolved as quickly as possible. In my experience, engaging with’s online chat function has been commendable, although I have had to wait a few minutes for an agent to respond. My queries are always resolved, however, without having to send an email.

The broker’s customer service team is capable of addressing various issues, ranging from inquiries about minimum and maximum lot sizes to withdrawal concerns and leverage calculators. Additionally, they can assist with general complaints, questions about interest rates, operating hours, or web login problems.

The comprehensive FAQ page on the website, which is organized into major categories covering topics such as managing funds, opening an account, and trading with margin, is well written and is a great help.

Comparison of similar brokers 2024 IG Interactive Brokers
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Should You Trade With is a reputable broker with a strong regulatory framework, a wide range of tradable assets, competitive pricing, and a user-friendly platform suitable for traders of all levels. It’s also made strides to widen its appeal globally, expanding into the Latin American market in recent years. continues to rank among the best brokers, regularly enhancing its suite of instruments and trading tools.


Is Legit Or A Scam? is a legitimate and reputable brokerage firm. It has been in operation for over two decades, is regulated by multiple authorities in various jurisdictions, and has garnered a strong reputation within the industry.

While no brokerage is without its shortcomings, is widely recognized as a trustworthy platform for trading forex and other financial instruments.

Is A Regulated Broker?

Yes, is a regulated broker. It is registered with and overseen by multiple regulatory bodies across different jurisdictions, including the NFA and CFTC in the United States, the FCA in the United Kingdom, CySEC in the European Union, IIROC in Canada, ASIC in Australia, and FSA in Japan.

Is Suitable For Beginners? is suitable for beginners due to its user-friendly proprietary platform (stay away from MetaTrader), educational resources, and access to demo accounts for practice. The broker also offers a relatively low minimum deposit requirement, allowing beginners to start trading with a smaller initial investment.

Does Offer Low Fees?

While specific fees may vary depending on the type of account and instruments, generally provides narrow spreads on currency pairs and low commissions. The absence of deposit and withdrawal fees, along with transparent pricing, also contributes to a cost-effective trading experience.

Is A Good Broker For Day Trading? is a suitable broker for day trading due to its robust platforms, great range of tradable instruments, and competitive pricing. Its proprietary platform offers fast execution speeds, multiple order types, and a customizable workspace, catering to the needs of active traders.

However, more experienced day traders looking to scalp might need a broker with higher leverage to amplify potential profits.

Does Have A Mobile App?’s proprietary apps, MetaTrader and TradingView are all available for both iOS and Android devices.’s app in particular lets you access your accounts, monitor market movements, place trades, and manage your positions from anywhere with an internet connection, while TradingView is the best option for charting and backtesting.

What Type Of Broker Is is an online broker offering CFDs and forex to retail investors around the world. Whilst it caters to a range of trading styles, based on our first-hand experience, we’ve found it’s best for serious day 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.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, 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.

  3. DNA Markets – DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start. Comparison Table

Compare With Similar Brokers IG Interactive Brokers DNA Markets
Rating 4.5 4.4 4.3 3.5
Markets Forex, Stocks, Futures, Futures Options CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Indices, Commodities, Stocks, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus Active Trader Program With A 15% Reduction In Costs
Education Yes Yes Yes No
Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:50 1:30 (Retail), 1:250 (Pro) 1:50 1:500
Payment Methods 8 6 6 10
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Review IG
Interactive Brokers
DNA 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 Interactive Brokers DNA Markets
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 Yes
Silver Yes Yes No Yes
Corn No No No No
Crypto No 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 Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No Yes vs Other Brokers

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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

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