Since 2001, has been offering over 200,000 traders across the globe access to trade 4,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more. The broker has a proven track record of consistently providing exceptional trading conditions with tight spreads, fast execution speeds and competitively low trading costs. In addition to an industry leading trading infrastructure, provides user-friendly trading platforms, powerful trading tools, educational materials and around the clock support.

Pros / Cons
  • Regulated in multiple jurisdictions
  • Advanced user-friendly trading platforms
  • Tight spreads, low commission fees & rapid trade execution speeds
  • Commission free accounts
  • DMA (Direct Market Access) accounts
  • 4,500+ global markets
  • Powerful trading tools
  • Trading Central
  • Autochartist & Recognia
  • TradingView
  • Execution Scorecard
  • Dedicated market strategist
  • Active Trader Program (cash rebates)
  • 24/5 customer support
  • USA traders welcomed
  • No commission demo accounts
  • Inactivity fee

In this detailed review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs. Overview

Since 2001, has been offering over 200,000 traders across the globe access to trade 4,500+ global markets including 80+ FX pairs, 220+ Shares, Commodities, Equities, Indices and Cryptocurrency. The longevity of helps to reassure traders that they are using an established broker with years of experience within the trading industry. are one of the leading trading brokers globally, with a proven track record of consistently providing exceptional trading conditions to retail traders. They have earned the trust and loyalty of many traders due to their fast execution speeds and competitively low trading costs, with the statistics to back this up.

In January 2011, became the first online broker to show an Execution Scorecard that discloses the quality of their execution. Until this day, they remain the only US broker to do so and thus maintain the upmost transparency to clients. Trade execution speeds are very important to your trading success by ensuring that your trades are placed at the best possible prices with minimal slippage.

The difference between the price when you send an order and when the order is filled can vary depending on a broker’s execution speeds. The faster an order is filled, the less variation between the prices. If execution speeds are slow, this can cause your trades to get filled at unsuitable price points which can increase trading costs and turn a winning strategy into a losing one, especially when you are trying to scalp the markets for a few points. The process of your trades going through is fully automated with no intervention which aims to give you lightning fast execution speeds at the best possible prices. Execution Scorecard Execution Scorecard

The Execution Scorecard (US) shows exceptional trade executions with 99.96% of trades executed in under one second, with the average execution speed an impressive 0.03 seconds. This means that it is highly likely there will be minimal slippage and trades will get filled at the prices that you want. Execution Statistics Execution Statistics

According to the provided statistics, around 52.52% of limit orders placed actually end up having a price better than expected, with an average improvement of 1.45 pips when trading the forex market. The average price improvement between the requested and executed price for non-forex limit orders is 0.03%. In some instances, these differences may even cover some of the trading costs. Furthermore, 100% of limit orders are filled at the price expected or better. Interestingly, this suggests that there is no negative slippage which would cause an order to be filled at a price worse than expected. Execution Scores

The superior trade execution speeds and competitive spreads can help to keep your trading costs down whilst giving you good value and adding extra reliability to your trading. have spent more than a decade investing in technology and built up a deep network of liquidity providers that enables them to provide traders with tight spreads and fast execution speeds in many market conditions. According to the Execution Scorecard, 100% of trades are successfully executed (excluding those placed on the MT4 trading platform). Key Features Key Features have a proven record of stability, security and financial strength over many years, with the resources required to continue providing innovative trading solutions to the industry. This helps to ensure traders that they are using a large and established broker.

City Index is another trading service provider under the same umbrella which emphasises the size of the company. Please refer to our City Index review for more information. Regulation is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Regulation from a top authority helps to give clients peace of mind that they are using a reputable trading broker who will protect their funds. They also have other regulators through their affiliates including:

  • Investment Industry Regulatory Organisation of Canada (IIROC)
  • Financial Services Authority (FSA) in Japan
  • Australian Services and Investments Commission (ASIC)
  • Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) in the US
  • Cayman Islands Monetary Authority (CIMA)

Security of clients finds is a top priority for Client funds are protected by being held in separate top tier bank accounts from their own. Trust letters are available to ensure that client funds remain segregated. only use their own funds for hedging and do not engage in proprietary trading.

Under the Financial Services Compensation Scheme, clients may be eligible for cover of up to £50,000 in the event a firm becomes insolvent or ceases trading. Furthermore, there are robust bank reviews and monitoring guidelines enforced which are set by the Risk Committee.

Our #1 Broker 2022

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AvaTrade is an award-winning broker offering 1250+ instruments including Forex, Cryptos, Stocks & CFDs. They provide user-...
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Countries accepts traders from across the globe, excluding Singapore, New Zealand, Belarus, Iran, Yemen and some countries from the OFAC list. They are one of the few trading brokers proudly serving US traders. Some broker features and products mentioned within this review may not be available to traders from specific countries due to legal restrictions. Platforms offer traders a wide range of professional trading platforms that are designed to meet the different needs of all levels of traders. Whatever your trading requirements, you can choose a trading platform suitable for you. Each platform is designed to provide exceptional speed and performance, whilst ensuring that you maintain full control over your trading experience.

Platforms are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). This is useful if you plan on trading using multiple devices in different locations as one account can be accessed across a range of different platforms. Desktop Platform Desktop Trading Platform Desktop Trading Platform

The advanced desktop trading platform is built for ultimate performance, flexibility and speed. It is designed to meet the demanding needs of active traders by putting you in the driving seat of your trading experience with fully customisable layouts, trade preferences, one click trading, professional analytics tools, integrated trading strategies, advanced charting features, a build your own indicator feature and much more. Web Platform Web Trading Platform Web Trading Platform’s powerful web-based platform delivers simplicity, speed and reliability, featuring an intuitive design and including full trading capabilities, advanced charting, smart trade ticket with advanced risk management options, pre-defined and customisable layouts, powerful charts with integrated one-click dealing and integrated trading tools. It is easily accessible from all browsers on PC and Mac, with no plugins or downloads required. Mobile Platform Mobile Trading Platform Mobile Trading Platform

With’s mobile trading platforms, you never have to miss a market move. They offer a complete trading experience at your fingertips so that you can easily manage your account and trade on the go with access to full robust trading features, risk management options, advanced TradingView charting and real-time analysis, integrated fund management and more from your iPhone or Android device.

MetaTrader 4 Platform MetaTrader 4 Platform MetaTrader 4 Platform is also the world’s largest MetaTrader 4 (MT4) broker, with access to dedicated support and integrated trading tools exclusive to the broker. MT4 is considered by many as one of the most popular and user-friendly online trading platforms, thus making it a suitable platform for new traders. It also implements enough advanced functionality to satisfy the more seasoned traders.

Users can benefit from the reliability of a trusted broker, ultra-tight spreads, exceptional trade executions and unique trader tools including fully integrated Reuters news, research, Autochartist Trade Ideas, Trading Central technical analysis and account management tools. There is an abundance of tools for analysing charts across various markets.’s MT4 platform has been optimized to support all Expert Advisors (EA). You can quickly and easily integrate your EA on their MT4 platform and benefit from no third-party bridges or auto sync. You can run your EA 24/6 during trading hours with the free Expert Advisor Hosting Services, that they offer to qualifying accounts.

MetaTrader 5 Platform MetaTrader 5 Platform MetaTrader 5 Platform

MetaTrader 5 (MT5) is the successor of the MT4 platform. The MT5 platform keeps all of the main features and functionalities that made MT4 so popular, with increased capabilities. This new and improved version of MetaTrader has enhanced charting with more timeframes, order types, indicators, tools, intuitive market searches and groupings. You can trade over 500 markets including stocks, FX, cryptos, commodities and indices. Trading Tools provides traders with powerful tools across all trading platforms to assist with trading, including advanced charting tools that help you to spot trends and find trading opportunities.’s industry leading charts are powered by TradingView and allow you to personalise your workspace to your own style for effective chart analysis. You can get real-time trading signals and analysis tools provided through by the industry leading Autochartist and Recognia. These are considered by some professionals in the industry as the best forex signals.


Amplify your technical trading with a full suite of customization features that allow you to create workspaces that are in-tune with your personal trading style for effective analysis. have industry leading charts that are powered by TradingView. Trade From Charts Trade From Charts

Trade from charts allows you to create and modify orders from the charts quickly and easily. Technical Indicators Technical Indicators

There are over 70+ technical indicators that can be customised to suit your trading style and identify potential trade setups. Time Intervals Time Intervals

There are over 10+ time intervals that you can switch between to identify short and long-term trends. This ranges from tick to monthly charts. Multiple Chart Types Multiple Chart Types

Multiple chart types allow you to choose from a range of charting styles with a look and feel that you feel most comfortable with. These styles can be customised so that you can control what information you see and how they look. Drawing Tools Drawing Tools

There are 50+ customisable drawing tools which can be used to plan your next trade and analyse the markets. Customization Features Customization Features

Customisation features enable you to make the platform personal to your own unique style. Everything from technical indicators and drawing tools can be modified to your liking with the option to save templates for future use.

SMART Signals

SMART Signals

SMART Signals offer a service called SMART Signals which present trade ideas driven by statistics and algorithms rather than opinions. You can see how SMART Signals have performed in the past, so you can decide how they might perform in the future. It must be emphasised that past performance is not indicative of future performance

  • Statistical. The SMART Signals engine hunts for 800+ price-action patterns – analysing 100,000s of data points each day
  • Measurable. See precisely how our signals have performed in each market over time
  • Algorithmic. Harness the power of trading algorithms, without learning to code
  • Ready-to-trade. Each signal comes with a suggested strategy, including stop and take-profit levels
  • Timeframed. Know when every signal expires, so there’s no guesswork

The Smart signals engine automatically monitors over 36 major global markets for emerging price action patterns based on years of historical data.

It pinpoints potential short-term trade ideas and highlights them on your platform or app, along with a suggested strategy. The algorithm filters hundreds of opportunities each day, only presenting you with 4, 6 and 12-hour trade ideas that meet specific statistical criteria.

SMART Signals are available on web browser trading platforms, iOS and mobile trading apps. There is no additional cost for the service and there are some handy tutorial videos on the brokers website.

Platform Analysis Tools

With, you can spend less time analysing and more time trading with automated analysis tools from Autochartist and Recognia.



Save time with actionable trade opportunities, identified patterns, in-depth volatility analysis and intraday technical analysis, all included free in the desktop and web platforms.

Trading Central

Trading Central’s automated scanning tools analyse the markets in an instant and highlight trade opportunities for you.

  • Technical Insight: A comprehensive list of technical events showcasing short-, medium-, and long-term support and resistance levels.
  • Market Buzz: A market-cloud look at what is currently driving the conversation in news and commentary and what’s trending online.
  • Analyst Views: Proprietary research indicating pivot points and potential swings and bias in the market.
Trading Central

Trading Central

The Trading Central Technical Analysis portal shows you short-term trade ideas complete with pivot points, support and resistance levels, the rationale behind the trade and even alternatives if things change.

  • A diverse range of indicators used to identify opportunities
  • Opportunities visually displayed on charts
  • Clear, detailed explanations of each idea

Performance Analytics

You can gain deeper insight into your trading behaviour and past performance with the Performing Analytics tool on desktop and mobile. Complement your trading strategy by using Performance Analytics to analyse your P&L, trades by market and much more. Performance Analytics Performance Analytics

Discover how you could improve your win and loss rates by performing in-depth analysis of your trading history with Performance Analytics, powered by Chasing Returns.

Choose performance or time-based metrics, or monitor successful or unsuccessful positions with win rate percentages and trades by market.

You can access Performance Analytics by logging in to your platform and selecting Performance Analytics from the tab at the top of the platform. Or access via the mobile App by clicking More and then My Trading History. There is no additional cost to use Performance Analytics.

MT4 VPS Hosting offer a free virtual private server (VPS) to qualifying clients. A VPS is ideal for clients who wish to run their EAs 24/6 during trading hours, without managing them on their own computers. They include a dedicated Unix server to run EAs, for maximum uptime. You can easily upload and manage your EAs with a fast and secure account manager whilst you can access your account from any OS with a web browser. To qualify for free VPS hosting, the client must:

  • You must maintain a minimum of $5,000 in your account
  • You must execute at least 10 round trip mini lots or the equivalent per calendar month Education offer a range of educational resources to help build your trading confidence, knowledge and improve your trading skills. There is an abundance of educational tools and online resources from the very basics such as preparing a trading plan to the more advanced market analysis. You can learn at your own pace with trading videos, webinars and more.

Trading News & Research

There is a section on the website that is dedicated to bringing you the latest market news and research. It is frequently updated with detailed articles that provide valuable insight in to the latest market movements and what events could drive future price movements.

Market Analysis

The market analysis allows traders to stay up to date with real time market insights that include trade ideas from their in-house global research team who monitor the markets.

Trading Courses has a very generous collection of free trading courses that cater to traders of all experience levels. Each course covers everything from the basics of trading, technical analysis, fundamental analysis, trading strategies, risk management and much more. Educational Material Educational Material

Trading Videos

In addition to the well-presented trading guides, have a range of tutorial videos that cover the various trading topics. They are easy to follow and can be accessed from the education section of the brokers website. Tutorial Videos Tutorial Videos

Trader Quiz have a trader quiz to discover your trading personality in minutes with just six simple questions. Then find out how you compare to other traders before you start your forex training journey.

Market Strategist

Qualifying clients are able to request a dedicated one on one highly trained market strategist who will work alongside you to produce a trading plan suitable to your personal needs and trading style. This includes demonstration of trading platforms and tools, how to perform technical and fundamental analysis and ongoing support to improve your trading performance. Instruments provides access to a range of markets with an impressive 4,500+ global markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

The trading instruments available on may be different depending on your location. Some countries have access to trade instruments that others cannot.


For many years, has been serving the needs of currency traders worldwide. They understand what traders need and offer sophisticated trading tools, competitive spreads from as low as 0.8 on the EUR/USD and exceptional execution quality on over 80 currency pairs. offer accounts that charge no commission when trading forex currency pairs as the trading costs are included within the bid/ask spread. There is a DMA account that uses non-marked up variable spreads direct from liquidity providers but does include a small commission.

Indices give you competitive spreads and exceptional execution on over 15 of the world’s most popular indices. You can trade the world’s most popular equity indices across American, European, Asian and Australian markets. Access popular stock portfolios made up of influential publicly traded companies.

Stocks & Shares gives you competitive spreads and exceptional execution on some of the world’s most popular stocks. Go long or short on top global companies such as Barclays, Amazon, Facebook, Microsoft, Tesla and more with low commissions. They have a large selection of over 4,500 popular stocks to choose from.


At, you can speculate on 10+ spot and futures commodities with competitive spreads and exceptional execution. Trade metals, energies and softs as CFDs without having to own the underlying asset, benefitting from zero commissions and 1% margins.


Trade a wide range of cryptocurrencies without having to own the underlying asset and no virtual wallet required. Go long or short on Bitcoin, Ethereum, Litecoin and Ripple, with no need for wallets or exchanges. Accounts & Fees UK offer flexible account types depending on your trading style and geo-location. They only charge commissions when you trade FX on a Commission Account or a DMA Account. Minimum deposit starts from just $100. also provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them. UK Account

The UK account offers competitive spreads with no commissions, suitable for everyday forex trading. The trading cost on this account type is the spread.

  • advanced desktop, web and mobile trading platform
  • Exclusive in-platform market insights and analysis
  • Trades executed at the best available price with minimal slippage, tight spreads and no commission

MetaTrader UK Account

The MetaTrader UK account offers the world’s most popular forex trading platform. The trading cost is again the spread with no commission charged. If you are already familiar with the MT4 trading platform you may prefer this type of account.

  • Advanced and customisable trading platforms for desktop, web and mobile
  • Trade forex, CFD’s, cryptos and more, all from one trading account
  • Fast and reliable trade execution speeds with competitive spreads and no commission UK Account Types UK Account Types US US offers 3 main account types, the standard account, commission account and DMA (Direct Market Access) account. Standard Account

The standard account is based on the market maker model where spreads can be marked up although costs are included within the spread. Commission Account

The commission account costs are included within the spread and a commission charge (although spreads are usually ultra-tight). Direct Market Access Account

The Direct Market Access (DMA) account is a commission only account that uses spreads direct from liquidity providers, thus they will usually be even lower. For professional traders who need the tightest possible spreads and lowest overall trading costs, the DMA account may be preferable.

As a DMA client, you will also have access to benefits like the opportunity to earn interest on balances, waived wire fees and a dedicated Relationship Manager assigned to your account.

In addition, DMA offers you the opportunity to benefit from reduced commissions based on volume traded. Volume discounts are calculated based on a three-month rolling average, allowing you to benefit from deep discounts month over month. US Account Types US Account Types

Active Trader

Designed for high-volume currency traders, Active Traders can enjoy exceptional customer experiences tailored to your unique needs.

  • Reduced trading costs by up to 15% with cash rebates
  • One-on-one support from an experienced Market Strategist
  • Reimbursement on bank fees for wire transfers
  • Get invited to exclusive events and previews of product

You’ll automatically qualify for Active Trader when you open an account with a minimum of $10,000 or trade $25M of volume in a calendar month. Cash rebates will be credited to your account at the start of the following month. Active Trader Active Trader

As broker fees can vary and change, there may be additional fees that are not listed in this review. It is imperative to ensure that you check and understand all of the latest information before you open a broker account for online trading. Support are committed to support traders through their journey and offer exceptional customer services to new and existing clients via email, online chat and phone. Support is globally available 24 hours a day, 5 days a week. Deposit & Withdrawal have a choice of deposit and withdrawal methods available. You can choose between credit/debit cards, wire transfer or PayPal. Fees may be charged when using certain payment methods. Bank transfers can take a few business days to clear whereas card and PayPal payment can be instant. Accounts can be opened in USD, GBP, EUR, CHF, JPY & NZD. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Account Opening

Opening a account is a quick and easy process. It will only take around 5 minutes to complete the account application form with live chat support on hand to assist should you need help. Once your email has been verified and identification uploaded, you can fund your account and start trading. Account Opening Account Opening FAQ

What is the minimum deposit?

The minimum initial deposit required is at least $100 of your selected base currency. However, the broker recommends you deposit at least $2,500 to allow you more flexibility and better risk management when trading your account. In saying that, you should only ever trade with what you can afford and feel comfortable with.

The minimum deposit is reasonable when compared to brokers who require a deposit of $500 or even more to open a trading account. A smaller deposit amount lets you to try out the brokers products and services with minimal investment to see if they are suitable for your specific trading needs. Once you feel confident enough, you may then consider a larger deposit.

How do I deposit money into

You can easily fund your account by logging in to MyAccount and visiting the Funding page. accept funds by credit card, debit card, wire transfer and PayPal.

All credit/debit card transactions are typically processed within 24 hours and are automatically converted to the base currency of your account. Accepted card payment currencies are USD, EUR, CAD, JPY, CHF, AUD, GBP. There is a minimum card deposit of $100 and maximum card deposit of $99,999 or currency equivalent.

PayPal payments are usually instant but can extend up to 48 hours. Accepted PayPal currencies are EUR, GBP, USD (all PayPal transactions are converted to your account’s base currency so there may be a conversion fee). There is a minimum PayPal deposit of $100 and maximum PayPal deposit of $50,000 or currency equivalent.

Accepted wire transfer currencies are USD, EUR, CAD, JPY, CHF, AUD, GBP. Bank transfers can take up to 1-2 business days to clear. There is no minimum or maximum deposit when depositing using wire transfer.

The broker does not accept third party deposits. For the purposes of a funding or withdrawal transaction, the name(s) on the trading account must be an exact match with the name(s) on the account of the other financial institution.

What are the deposit fees? does not charge any fees for incoming card, wire transfer or PayPal deposits. Your deposit may be reduced by a service fee charged by your bank. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank. Intermediary banks may charge a transaction fee.

How do I withdraw money from

Withdrawal requests can be submitted through MyAccount and are processed in the order the requests were received. Keep in mind that withdrawals are processed to the original funding methods.

Credit/debit card withdrawals are usually processed within 48 hours. The maximum card withdrawal amount is up to $100,000 (or currency equivalent) in 24 hours or the amount funded, whichever is lower.

PayPal withdrawals are usually instant but can take up to 48 hours to process. There is a PayPal withdrawal limit of up to $20,000 (or currency equivalent) per transaction or the amount funded, whichever is lower. You can only withdraw up to the same amount deposited via PayPal. You cannot withdraw any higher amount than has been deposited via PayPal. You may only fund your account with one PayPal account. Please note the name on your PayPal account must exactly match the name on your trading account, otherwise the payment could be rejected.

Wire transfers can also take up to 48 hours to process although there is no maximum withdrawal amount once card deposits are refunded.

Processing time only reflects the time it takes to complete the withdrawal during normal business hours. Your bank may take additional time to credit the funds to your account.

A withdrawal of funds will result in a reduction of funds available to be used for margin to maintain open positions. This may result in the liquidation of any or all of your open positions. It is your responsibility to ensure that the account holds enough margin to maintain open positions.

What are the withdrawal fees? do not charge any withdrawal fees. However, you may want to check with your bank or PayPal to see if they will charge you any fees for receiving the funds.

What is the commission fee? charges commissions on shares CFD trading and on FX trading when trading on a Commission Account. Commission accounts trade on low variable FX spreads plus a flat $5 commission per standard lot (100K) that is charged at the time the trade is executed.

For example, if you bought 200,000 EUR/USD with a 0.2 spread, you would be charged $10 in commission plus a spread cost of $2. If you then sold the 200,000 EUR/USD with the same 0.2 spread, you would be charged $10 in commission plus the spread cost of $2. If you only sold 50,000 of your position, you would be charged $2.50 in commission with a spread cost of 50 cents.

If you have a Standard Account, your FX pricing is spread-only and you will not be charged commissions, except on equities. Orders are executed at the best available price at the time the order is received. The broker is continuously working hard to provide transparent pricing and tight spreads.

In addition to possible commission fees, you need to be aware of the rollover fees which is a charge that you pay in order to hold a position open overnight. The daily financing fee (rollover) is automatically applied to your account each day that you hold an open position (including weekends). Should you hold a position overnight, there will be an overnight financing adjustment. use swap points to calculate the daily overnight financing adjustment amount for FX pairs. The financing rates are set at benchmark regional interest rate of +/- 2.5%.

Are there any inactivity fees?

Yes, charges an inactivity fee of $15 (or currency equivalent) per month if there is no trading activity or no open positions for a period of 12 months or more. ‘Activity’ is defined as placing a trade and/or maintaining an open position during this period. Placing an order on an account without executing a trade will not qualify as ‘Activity’ for these purposes.

If your account has been inactive for 3+ years (retail clients) or 1+ years (professional clients) the broker will need to reassess your trading experience and ensure that they have your up-to-date contact details.

What are the account types? have a choice of different account types depending on your location and what your individual needs are. You can choose between the standard account, commission account and DMA (Direct Market Access) account. The main difference between the accounts are the spreads and commissions. The standard account does not have any commission but instead a spread mark-up. The commission account on the other hand does have a small commission charge but you can get the lowest spreads available.

The DMA account is ideal for serious traders looking for maximum transparency and control. Full market depth exposes traders to multiple levels of liquidity that allows them greater insights into the market and control to trade on the best bids and offers sourced directly from the liquidity providers (LPs). It also comes with a range of benefits and reduced commission for high trading volume.

The type of account that you opt for can depend on your trading style. Day traders who are trading on a more frequent basis and using scalping strategies, may require the tightest spreads possible. Swing traders on the other hand, may be holding positions for days or weeks and therefore, may not be so concerned about the spread.

Keep in mind that account types cannot be converted to the other pricing model. If you already have an account of one type, you will need to open a new account of the other type.

Is there an demo account?

Yes, there is a demo account which enables you to practice trading online with virtual funds using the brokers various platforms and tools. This can be a good way to improve your trading knowledge and skills, whilst building your confidence before opening a live account.

It is important to be aware that results achieved on the practice account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the practice account.

Conditions in the practice account cannot always reasonably reflect all of the market conditions that may affect pricing, execution and margin requirements in a live trading environment. They also do not take into account human emotions that can have an impact on trading such as fear, anger and greed.

You can only open one demo account of each type (e.g. platforms or MetaTrader) per email address. Demo accounts last for 30 days after signup. Afterward, you will not be able to log in using the demo account credentials.

What are the spreads?

When a price for a market is quoted, you will actually see two prices. The first price, known as the bid, is the sell price and the second price, is the buy price, known as the offer. The difference between the sell and buy price is called the spread.

The spread is a typical fee that you will pay a broker when you take a buy or sell position. Generally speaking, the lower the spread, the better. This is because you can save on trading costs in the long term if you are paying a lower spread. offers both fixed and variable spreads, depending on the market you wish to trade. We found them to be competitive, especially on the DMA account which has the lowest spreads on any of the available accounts.

Fixed spreads don’t change according to market conditions such as volatility or liquidity. Depending on the market, fixed spreads may either be offered for a defined period of the day, or throughout trading hours. Fixed spreads are popular for some traders who run automated trading systems known as expert advisors (EAs) that require a consistent spread.

Variable spreads may fluctuate throughout the day according to different factors such as underlying liquidity or market volatility. With variable spreads, will quote you the minimum spread it could be, plus an average spread for a defined historical period of time.

What is the leverage?

The leverage varies depending on the account type that you choose, trading platform and instrument. The maximum leverage is 1:50.

Leverage is usually denoted by a ratio and gives you the ability to control a larger position size with a smaller amount of capital. For example, if your account has a leverage of 1:100, that means you can trade a position of $25,000 with only $250 because $250 x 100 = $25,000.

Whilst this may seem appealing as it can increase the potential profit, it also increases the potential loss. Therefore, it is of the upmost importance that you have a clear understand of what leverage is and the risks involved before trading with leveraged positions.

What are the margin & stop-out levels?

Margin is equity from your account set aside by to maintain a position when you’re trading on leverage. The margin requirements differ according to platform ( or MetaTrader), market, asset class and position size. You can find out the specific margin of each instrument in its Market Information Sheet on the desktop platform.

To calculate the amount of funds required to cover the margin requirement when you open a trade, simply multiply the total notional value of your trade (quantity x price of instrument) by the margin factor.

For example, say the margin requirement for EURUSD is 0.5%. The current buy price of EURUSD is 1.300 and you wish to buy 1 standard lot (100,000).

The total value of the position is $130,000 (100,000 x 1.300). $650 would therefore be allocated from your account to open the position ($130,000 x 0.5%).

With platforms, you can calculate the required margin before placing a trade through the platform’s margin calculator, monitor each position’s margin requirement separately or review your account’s total margin requirement through the Margin Indicator.

Keep in mind that when you have open positions, your margin requirement for those positions will adjust to the current market pricing.

The broker recommends that you maintain an adequate excess margin balance above your required margin. Maintaining low excess margin levels in your account may prohibit you from trading certain products or lead to undesired liquidations resulting from an adverse market move.

You are responsible for monitoring your account and maintaining 100% of required margin at all times to support your open positions.

If at any point, the equity available drops below 100% of the margin required you will be subject to auto liquidation of the position incurring the largest loss. The liquidation process is as follows: the net aggregated open position with the greatest unrealized loss is closed first, followed by the next largest losing position and so on, until the maintenance margin requirement is satisfied or exceeded. Depending on the size and unrealized P&L of the open positions, all open positions may be liquidated in order to meet the margin requirement.

In the event of a liquidation, the trade is executed in the market directly with the liquidity provider and then passed down to the client.

When your account falls below 120% margin, a margin alert will automatically be sent to you via email. This notification is for your convenience and should not be relied on to protect your account.

While the 100% margin requirement and real-time margin system are designed to limit your trading losses and help ensure that total losses never exceed your total account balance, you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility. For this reason, the broker strongly encourages you to manage your use of leverage carefully. Increasing leverage increases risk.

Do allow hedging, scalping & expert advisors?

Yes, do allow scalping and expert advisors (EAs) provided they comply with the brokers terms of use. Arbitrage strategies are not allowed and the availability of hedging will depend on where you are located.

Is there an Islamic account?

Yes, offers swap-free accounts in certain circumstances. These makes them a Muslim friendly broker for traders who must comply with Sharia law.

What are the trading instruments? have one of the largest selections of trading instruments we have seen from any broker. There are an impressive 4,500 instruments across different markets which include Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals & Energies.

Whatever your interests, there is something for everyone to trade. Keep in mind that certain instruments may only be available on specific platforms.

How do I open a live account?

You can apply for an account with by clicking the “Open an Account” link located throughout the brokers website. You will be asked to provide information such as your name, address, date of birth, and tax ID number to help the broker verify your identity. They will attempt to verify your identity instantly, but if they cannot, they will reach out to you to request further supporting information or documentation. will email you as soon as your application has been approved. Alternatively, you can always log in to MyAccount to check on the status of your account application.

How do I verify my account?

To comply with rules and regulations, new clients will need to verify their identity and proof of address by uploading documents via MyAccount or emailing them to the new accounts team . This is a normal part of a brokers know your customer (KYC) procedures and anti-money laundering (AML) policies.

Documents that you can upload to verify your identity include:

  • Valid, current passports (national or international)
  • Valid, current driver’s license
  • Valid, current national ID Card

Acceptable forms of proof of residence include but are not limited to:

  • Utility bill
  • Bank, building society, credit or debit card statement
  • Council tax bill
  • Local government address registration certificates
  • Valid driving license if issued within the last six months

Utility bills and statements must be dated within the last six months. Confidential information such as account numbers may be removed at your discretion. If your proof of identification document has your address on it, it can usually be used for both address and identity verification. For a joint account, both account holders will not to provide documentation.

What is the trading platform? trading platforms are powerful yet user friendly, with an abundance of trading tools, features and functionality, to ensure a seamless online trading process. You can choose between the brokers proprietary platform or the popular MetaTrader 4 and MetaTrader 5 platforms. All platforms can be used on desktop, in your web browser or as mobile applications.

Where can I download the platform?

You can download the platforms for free directly from the brokers website or from the relevant app store on your mobile devices. The web platforms can be launched directly from the brokers website without needing to download or install any additional software.

Where is located? is owned by GAIN Capital Holdings, a public company based in Bedminster, New Jersey, USA. It operates subsidiaries around the world which are regulated by the Cayman Islands Monetary Authority and financial authorities in the UK, Japan, Canada, Australia, and the United States.

Is regulated? is registered with multiple regulatory bodies around the world and take their commitment to financial strength and security very seriously. is registered the Cayman Islands Monetary Authority (CIMA). Other regulators of our affiliates include:

  • Financial Conduct Authority (FCA) in the UK
  • Financial Services Authority (FSA) in Japan
  • Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) in the US
  • Investment Industry Regulatory Organization of Canada (IIROC)
  • Australian Services and Investments Commission (ASIC)

What countries do accept?

Whilst the broker accepts clients from all over the globe, services are not directed toward soliciting citizens or residents of Singapore, New Zealand, Belarus, Iran, Yemen and some countries from the OFAC list.

Is a scam?

No, is not a scam. They are part of the GAIN Capital Holdings, Inc. group of companies, who are listed on the stock exchange. are regulated in multiple jurisdictions and are one of the largest trading providers in the world, serving a global clientele since way back in 2001.

How can I contact support?

You can contact support via email, telephone or live chat. The support staff are on hand to assist you with your accounts 24 hours a day from 10am Sunday to 5pm Friday. From out experience, they were efficient in response to a variety of questions. Summary is a very well established and industry leading broker with a proven model and strict regulation across multiple authorities. They offer a large range of trading instruments across multiple markets and easy to use trading platforms. Client funds have security by being held in segregated accounts and they are very transparent with their Execution Scorecard. No commission charge on some accounts can be an attractive proposition as can the vast array of educational material and trading tools offered to clients.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Logo

Min $100 Deposit

Since 2001, has been providing traders around the globe with industry leading trading conditions including user-friendly platforms, tight spreads, low commission fees, rapid trade execution speeds. The broker is regulated in multiple jurisdictions & has a huge selection of trading instruments, powerful tools & educational materials.