A bank wire transfer is a payment method used for domestic and international money transfers from one bank to another. But before you login and make a deposit, there are several factors to consider, including the time it takes to transfer cash into your trading account, fees you may have to pay, plus any minimum and maximum transfer limits.
In this guide, we list the best brokers that accept wire transfer deposits in 2026. We also run through the pros and cons of funding your trading account with bank wire transfers.
Best Wire Transfer Brokers in Laos
After testing dozens of brokers, these are the 6 highest-rated firms offering wire transfer:
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- RoboForex 4.5/5 RoboForex is an online broker, established in 2009 and registered with the FSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels.
- IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
Compare The Best Wire Transfer Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| XM | $5 | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | 1:1000 |
| AvaTrade | $100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
| RoboForex | $10 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto | R StocksTrader, MT4, MT5, TradingView | 1:2000 |
| Pepperstone | $0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) |
| IC | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | 1:5000 |
| Eightcap | $100 | CFDs in Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, TradingView, TradeLocker | 1:500 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3086 | ||||
| AvaTrade | 13696 | ||||
| RoboForex | 774 | ||||
| Pepperstone | 3736 | ||||
| IC | 3 | ||||
| Eightcap | 3909 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM’s customer support has delivered over years of testing, with 24/7 assistance in 30 languages, response times of under 2 minutes and a growing Telegram channel.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
AvaTrade
Celebrating 20 Years in the industry, AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
Cons
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
RoboForex
RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
Christian Harris, Reviewer
RoboForex quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto
- Regulator
- FSC
- Platforms
- R StocksTrader, MT4, MT5, TradingView
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- In July MobileTrader Telegram Mini App was released - bringing out one of the first solutions we've seen that lets users execute trades and manage positions without leaving the Telegram messaging app.
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
Cons
- RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
- Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the FSC in Belize, lowering the level of regulatory protections for traders.
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates up to 30% (index and commodities) and $3/lot (forex) through the Active Trader program.
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
Cons
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
Cons
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- While IC offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- With tight spreads from 0 pips, low commission fees, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
Cons
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
How Did We Choose The Best Wire Transfer Brokers?
To identify the top wire transfer brokers, we:
- Searched our library of 142 online platforms to find all those accepting wire transfer payments
- Verified that they support wire transfer deposits and withdrawals for trading
- Listed them by their ranking, using a mix of hard data and personal evaluations from our tests
Wire Transfer Overview
Wire transfer services were originally launched in 1872 by Western Union when the existing telegraph network was used to transmit a money transfer message to another telegraph office. In just five years, almost $2.5 million was being transacted each year.
The modern wire transfer works by passing payment instructions from a sending account to a receiving account through a secure online system, such as SWIFT or Fedwire. Funds are then deposited and normally settled within two business days for international transfers and within a few hours for domestic transfers.
Pros Of Trading With Wire Transfer
Accepted Globally
Wire services are supported globally and are ideal for traders based anywhere in the world. They are also administered by hundreds of reputable financial institutions, including HSBC, Lloyds Bank, Metrobank and Nationwide, as well as online fintechs such as Monzo, Revolut and Starling Bank.
You can find your regional locations by typing into Google “wire transfer near me”.
Offered By Most Brokers
As bank wires are so widely used around the world, traders will have no problem finding a broker that supports the deposit method. In fact, some of the top wire transfer brokers include XM, eToro and Interactive Brokers.
Fast
Wires are sent and received in real time and are usually processed within two business days for international payments (ie: from UK to USA, Canada to UK, or even India to UK) and within a few hours for domestic transfers. Make sure to check with your broker where their receiving bank is located, as this can also affect processing times on their side.
Transfer Options
Wire transfers are normally flexible and can be done using a credit card, over the phone, or in person at your post office or bank.
Note that a wire transfer using a credit card may incur higher fees.
Money Transfer Apps
Money remittance apps have become increasingly popular among traders for their convenience, security, speed and global reach. For example, PayPal and TransferWise can facilitate quick transactions in a wide range of countries, including Canada, Kenya, Egypt, Jamaica and India.
Relatively Safe
Brokers that accept wire transfer deposits are usually safe, as long as you know and trust the receiver. Legitimate wire services will require both parties to prove their identity, so it is important for traders to choose trusted and regulated brokerages that are both transparent and accountable.
Transfer Tracking
Most financial institutions will have tools that allow senders to apply tracking information to a transaction. You can contact customer support at your respective remitting bank or money transfer service if you have any questions. This provides an additional layer of security.
The best wire transfer brokers also have helpful customer support teams that can advise on payment queries.
Cons Of Trading With Wire Transfer
Broker Processing Times
Domestic payment systems such as Automated Clearing Houses (ACH) are processed within 24 hours. However, foreign systems must clear the domestic system as well as the foreign equivalent, therefore adding an extra day to the processing time. In addition, trading brokers will also have their own processing times, sometimes taking up to 7 days for funds to appear in your trading account. Withdrawals can be even longer.
Fees
There is usually a cost to initiate both domestic and international bank wires, which can be high even if you are only depositing a small amount. Therefore, bank wire transfers tend to be more cost-effective for experienced traders who want to deposit or withdraw large amounts of money.
Note that there may also be additional service fees charged by your broker as well as exchange rate fees. For example, sending money from the US to UK could cost you $45-50 plus any other currency conversion and broker fees.
Not Reversible
As a bank wire is processed immediately, it is not possible to reverse a payment or request a chargeback if, for example, the sender or trader has provided the wrong recipient address. This is particularly attractive for scammers who can claim the funds and disappear before the sender even realizes the money has gone missing. This also demonstrates why it’s important to open a trading account with a trusted broker.
Weekend Delays
Whilst you are free to use the service at the weekend, there is no guarantee that your broker will also receive the funds at the weekend. This usually means that money wired on a Friday or Saturday is not received until the start of the following week.
Payment Speed
It only takes a few minutes to set up and initiate a wire, but bear in mind that international transactions may take a few days to be received by your broker and then released to your trading account.
It may also take several hours for domestic transfers to show in your broker’s account, plus any additional processing times on your brokerage’s side. For example, FXTM can take up to five days.
Note that financial institutions may also have cut-off times for sending money on the same business day. For example, same-day transmissions are not possible after 5 pm ET at Bank of America and online at Wells Fargo.
The time it takes to receive your money can also be affected by limits imposed by online brokers. Higher amounts might require additional identity verification or security checks. As such, these transactions will take longer to process.
Wire Transfer Security
Wire transfers are generally very safe, as long as the receiving party, such as a trading broker, is a trusted entity. Information is transmitted through encrypted connections, which may differ depending on your banking or money transfer service.
In terms of regulations, some nations do have stringent policies in place that provide protection against money laundering activities and terrorist funding, including the Office of Foreign Assets Control in the USA and the Wire Transfer Regulation (WTR) in the UK and EU. Organizations like this collect information on transfers over $3,000.
In the US, traders that wish to receive more than $10,000 in one lump sum from the same payer must file Form 8300 to the IRS. So for big amounts, check with your local authority to make sure you comply with regulations.
In cases where there is suspicious activity, the sending bank has the authority to freeze funds and stop the transfer. Whilst this does provide a good level of safety, traders should also ensure that their brokers have measures in place to protect clients.
Investors should also be aware of broker scams where they request a hefty minimum deposit via wire order to open an account. This is often alongside other red flags such as a poorly written website, no transparency around company information and unrealistic trading conditions.
How To Deposit Using Wire Transfer
The wire transfer process is fairly simple. Look out for the logo at your broker and make sure to check any minimum or maximum limits, both with your bank and your trading platform. At IC Markets, for example, the minimum deposit is $200, while XM only requires $5.
Once your broker has provided you with the payment details and a wire transfer receipt, enter the information into your bank’s transfer form, along with the amount, beneficiary address and postal zip code, as well as the purpose of payment. Depending on where you reside or where you’re transferring to, you may need to provide a routing number or a SWIFT code. Once the transfer is complete on your side, you will both receive a confirmation.
The withdrawal process can vary depending on the broker, but traders usually need to fill out a withdrawal form to request a bank wire transfer.
Wire Transfer Fees
Domestic and international wire transfers can be costly. For example, in the US, the online domestic transfer fee at Bank of America and Discover Bank is $30. In Australia, domestic transfers are generally free but international transfers can cost up to $30, plus the foreign exchange margin.
Whilst some brokers do also charge their own fees, many cover the cost of deposits and withdrawals, including XM, FxPro and FP Markets.
Is Wire Transfer Good For Day Trading?
Despite growing competition with e-wallets, bank wire transfers are still the preferred option, particularly among professional traders who transfer larger sums using a credit card, bank account or money transfer app. International and domestic transfers are also safe, especially to and from jurisdictions that are backed by robust regulations.
The main downsides are the fees involved with a wire transfer, as well as the time it takes for funds to clear in your trading account.
Use our list of brokers that accept wire transfer deposits to start trading today.
FAQ
What Is A Wire Transfer And How Does It Work For Day Trading?
A wire transfer is a popular electronic payment method that involves sending a transmission from one bank to another. Wire transfers can be carried out domestically or internationally, including to trading accounts.
Are Wire Transfer Deposits To My Trading Account Safe?
Wire transfers are usually fairly safe, as long as the sender trusts the recipient. With this in mind, traders should ensure that they are investing with a reputable and secure broker.
Are Wire Transfers Free At My Broker?
A wire transfer can cost money, whether it is domestic or international and regardless of how much money you are sending. SWIFT fees, for example, are usually priced at 3-4% of the total amount. By definition, wire transfers are expensive due to handling charges (shipping fees) between banks and currency conversion fees (if sending money internationally).
Does Wire Transfer Work On Weekends?
Generally, a wire transfer will go through on a Saturday from the sender’s side, but clearing times on the recipient’s side tend to slow down at the weekend. Time frames also vary depending on the receiving bank and broker. For example, if your bank is shut on weekends it may take until Monday to receive your funds.
Do Wire Transfer Trading Deposits Take Long?
International wires can take up to two days to be processed, whilst domestic transfers are usually received within a few hours. Note that brokers will have their own processing time frames, sometimes up to seven days.
How Do I Wire Transfer To My Online Broker?
You can wire transfer to your trading broker by signing into your online banking and initiating a payment using a transaction form. You will need the beneficiary address details, transfer amount and reference, as well as a SWIFT or routing number if applicable. You can also send money to yourself (to another bank account you own).
Can A Wire Transfer Trading Deposit Be Cancelled?
It cannot be recalled once it has been initiated at your bank; meaning you need to make sure you are sending to a reliable recipient and that you have entered the transfer details correctly. This is particularly true when multiple scam brokers operate in the retail trading space.