Best Forex Brokers in 2020

How to open account on eToro.

You can expect a very easy, smooth and professional process to open your account with eToro. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demo account with 100K credit in it.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with eToro.

Performance Tracking

Tip about away times:
You can set alerts and notifications on eToro and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in eToro, It's kinda easy and you can see a structured cash flow and other financial related reports.
Follow this path:

Navigate to portfolio

Then History

Access your account statement

Cryptocurrency & Stock Exchange

Everyone should be aware of the fact that your capital is at risk when you trade stocks and ETF (Especially for non-leverage and ETFs, since they are real assets). You should know it by now.
Unlike many other foreign exchange or CFD brokers, 16 stock markets to access. Investing in Cryptocurrency, considering its high fluctuation rate is not appropriate for everyone, and is not supervised by any EU regulatory authority, hence you will not get any investor protection.

The list of 16 stock exchanges and crypto offers that you will gain access are listed below:

Stocks

• Amsterdam
• NYSE
• New York Tech
• Euronext Brussels
• Euronext Lisbon
• Frankfurt
• London
• Paris
• Madrid
• Milan
• Zurich
• Oslo
• Stockholm
• Copenhagen
• Helsinki
• Hong Kong

Crypto

• Bitcoin
• Bitcoin Cash
• Ethereum
• Ethereum Classic
• Ripple
• Litecoin
• Cardano
• IOTA
• TRON
• ZCASH
• Binance coin
• Dash
• Stellar
• EOS
• NEO
• Tezos
• XRP

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
eToro education tools are not that comprehensive, yet you will get a demo account and sufficient balance to begin practicing.

On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

The charts and charting feature is pretty good. It saves automatically and let you play around with around 70 indicators.

Our Take

Overall ll eToro considered to be a safe, and regulated(in some markets). They offer good research tools and easy to navigate online trading platform. If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading.

eToro

Best Online broker for CFD, Forex and Crypto

4.3

Minimum Deposit

$200

Start Trading

Fusion Markets Review:
Best Discount Forex Broker in 2020

As one of the best forex brokers and CFD brokers based in Australia, Fusion Markets is serving traders since 2010.

In Australia, Fusion Markets is governed by Australian Securities and Investments Commission (ASIC).
In terms of safety, even though they do not hold a banking license, they maintain a good reputation as a safe broker, regulated by top tier financial authorities.
The portfolio of products and services that Fusion Market offers are mainly around Forex, CFD, and Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Fusion Markets as an option for:

Best CFD broker

Best discou forex broker

Low fee online trading platform

Fusion Markets pros and cons

Since 2010, Fusion Markets offers low trading free with no minimum deposit options for online traders.

Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process which is a great advantage.
When it comes to fees, CFD trading fees that Fusion offers is low, yet they have slightly higher EUSTX50 fee in comparison with other similar competitors that we've reviewed in this guide.

There is always a flip side of the coin and it is Fusion Market's lack of trading ideas, and fundamental data.

If you wish to compare Fusion Markets with other alternativve online Brokers, click here, otherwise keep reading.

Best discount broker for Forex

Trade Now

Account Fees:

Minimum deposit:

Withdrawal Fees:

Free

Investor Protection:

Regulated:

YES, Australia

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Crypto, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.05 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

Fusion Markets Pros and Cons

If you wish to compare Fusion Markets with other alternativve online Brokers, click here, otherwise keep reading.

How Much is Fusion Markets Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.41 average spread cost, which is considered to be low.
✓ For GBPUSD the fee is $2.25 for each lot per trade, which is considered to be low.
✓ For EURUSD the fee is $2.25 for each lot per trade, which is considered to be low.
✓ There is no inactivity fee which is also considered good.

TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
Some other positive points are:

Pros

Free deposit and no-cost withdrawal

Low forex fees (Lowest in the market till this date of review)

No Inactivity Fees

Opening account is fast and seamless

Cons

Lack of educational materials

There is no 24/7 support service yet

Limited portfolio to Forex FX, and CFD

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked Fusion Markets fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Pepperstone and IC Markets,
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Trading fees come in formes of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

Fusion Markets

Best discount Forex Online broker (Low Fees)

4.05

Minimum Deposit

Trade Now

Fusion Markets Trading fees

Fusion Markets, which is primarily known as a forex or CFD broker offers 2 types of accounts: Classic & ECN.
As a classic account holder you pay spreads but no commission ,and as an ECN account holder you shall pay commissions.
Let's deep dive and have a look at Fusion Markets's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.

The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
• Stock CFDs are Apple & telecommunication giant Vodafone

Here is the tabular view of Fusion Markets's fees and side by side comparison with other 2 brokers.

CFD Scenario

Index CFD Fees

Fusion Markets

Pepperstone

IC Markets

S&P 500 CFD

$1.7

$2.0

$2.5

Europe 50 CFD

$2.2

$1.6

$1.9

Forex Scenario

Benchmark Fee

Fusion Markets

Pepperstone

IC Markets

EURUSD

$12.8

$14.9

$15.8

GBPUSD

$9.4

$12.5

$12.1

AUDUSD

$7.4

$11.9

$10.6

EURCHF

$2.0

$3.7

$4.8

EURGBP

$10.6

$9.9

One good thing about Fusion Markets is that it operates in majority of countries and there is no minimum deposit requirements.
To start trading Fusion Markets does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not Fusion Markets offers a demo account to practice..

Fusion Markets's Online Trading Platform

Fusion Markets has all 3 platforms, mobile app, desktop and web trading platforms. One fun part is the search functionality: You can easily search for the assets in categories but unfortunately you can not manually search the assent's name.
Their online trading platform is powered by MetaTrader 4

If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
Unfortunately you can not add extra layers of security because at this moment it does not offer two-step login feature.
The UI & UX of Fusion Markets trading platform is unique and user friendly.
At a glance it looks like this:

You should not be worried if English is not your strength, because Fusion Markets online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

When it comes to trading, customer service plays a good role.
Overall ll, Fusion Markets customer support team responds pretty fast via email, They are even better when you connect with them on a phone call. They have a live chat and offer help in English but still far from having an end to end 24/7 customer support system.

Fusion Markets

Best discount Forex Online broker (Low Fees)

4.05

Minimum Deposit

Trade Now

What can you trade on Fusion Markets

Products, Portfolio and Markets

The trading options that are available to you at Fusion Markets are:

CFD

Forex

Cryptocurrency

Fusion Markets is good for Forex and CFD and when it comes to comparing their currency pair selection, you will see the greatness in it.
General Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
At Fusion Markets setting the maximum level of leverage is possible with rang of 100:1 to 500:1. Since the company is regulated in Australia, these levels are pretty higher than EIU.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.

Trade Online Now Important Tip: You can change the leverage from 100:1 to 500:1

Currency pairs:

Stock index CFDs:

Stock CFDs:

---

ETF CFDs:

---

Commodity CFDs:

Bond CFDs:

---

Future CFDs:

---

Cryptos:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.

How to open account on Fusion Markets.

As discussed above, you can hold 2 typed of broker account: a classic account or an ECN account. You can expect a very easy, smooth and professional process to open your account with Fusion Markets. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demo account

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). It is very easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with Fusion Markets.

in brief follow these 6 steps for account opening at Fusion Markets:

1. Get ready with you email address
2. Create Password.
3. Head to your profile
4. Complete the profile by adding the residency and personal details
5. Select your account type & base currency.
6. Provide identity and residency proof for activation.

Performance Tracking

Tip about away times:
You can set alerts and notifications on Fusion Markets and customise it (This is not available on web platform). For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use desktop or mobile for your trading, you can get different kind of notifications.

I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in Fusion Markets, It's kinda easy and you can see a structured cash flow and other financial related reports.

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best blog is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
Fusion Markets education is not that complete. You will get a demo account to begin practicing but there is not much training or tutorials available.

When it come to The research, the design is not that modern, but the charts and charting is fairly easy to handle.
On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good analysis.You have 31 technical indicators at your disposal including trendlines and Fibonacci retracement.

Our Take

After careful evaluation, we believe Fusion Markets is a decent online broker with somes ups & downs. If you are interested in FX Forex trading or CFD, its a good option with very low trading fees.
but if You are looking for other options, I am afraid it is not that satisfactory. Some other reasons to go to Fusion Markets Online brokerage service could be it's regulation, as it is supervised by several financial authorities globally.

Good thing is that Fusion Markets's fees on forex and stock index CFD are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
On the negative side, Fusion Markets's lack of educational materials and a bot outdated trading platform.

Fusion Markets

Best discount Forex Online broker (Low Fees)

4.05

Minimum Deposit

Start Trading

AxiTrader Review:
Low Trading Fee CFD & Forex broker

As one of the best forex brokers and also one of the best CFD brokers in the world, AxiTrader, a well-known Australia based brokerage was established in 2007 and branded itself asa safe broker to be governed by Dubai Financial Services Authority (DFSA) and Australia authority the Securities and Investments Commission (ASIC).

Even though AxiTrader is not publicly listed on any stock exchange, its reputation is great as a safe broker since it is regulated by top-tier financial authorities, not just for Australian, but also other parts of the world (including middle east) & the Financial Conduct Authority (FCA).
The portfolio of products and services that AxiTrader offers are mainly around Forex, and CFD. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Axi Trader as an option for:

Best FX Forex broker

Best CFD broker

Best broker for beginners

AxiTrader Pros and Cons

In terms of online trading platform, our review was about account opening which is pretty fast and smooth on AxiTrader. For those who are not interested in crafting their own strategy, unfortunately, unlike eToro, AxiTrader does not offer social trading.

Quick withdrawal process and free of charge withdrawal along with low trading fees sets them apart and gives clients a huge advantage. Tip: AxiTrader has a $0 minimum deposit which is also great.

A Great part of the deal is your investment protection, especially if you arre in Europe. (European clients get £85,000 protection on their investment.
There is always a flip side of the coin and it is AxiTraders' limited portfolio which is about CFD & FX.

If you wish to compare AxiTrader with other best alternative brokers, click here, otherwise keep reading.

Best broker for
FX Forex & CFD (Low Trading Fees)

Trade Now

Account Fees:

Minimum deposit:

Withdrawal Fees:

Free

Investor Protection:

£85,000 for European Clients

Regulated:

YES, Dubai, Australia

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.35 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card*, Electronic wallets

Open Account

AxiTrader Pros and Cons

If you wish to compare AxiTrader with other best alternative brokers, click here, otherwise keep reading.

How much is AxiTrader Fees

There are mostly Pros than cons here.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
✓ For GBPUSD the commission is $3.5 per lot, which is considered to be low.
✕ For EURUSD the fee is $3.5 per commission per lot, which is considered to be low.
✓ $0 inactivity fee is a plus in Axitrader.

TIP: In reality it can take 2 business days to withdraw your money via bank transfer.
Some other positive points are:

Pros

CFD Fees = Low

Forex Fees = Low

Non-Trading Fees = Minimum

Withdrawal Fee = None

Cons

Limited portfolio of offers (Only CFD,. Forex)

Investment protection is not available in all countries

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked AxiTrader fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Pepperstone and IC Markets
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Trading fees come in formes of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

AxiTrader

Best Online broker for FX Forex & CFD

4.35

Minimum Deposit

Trade Now

AxiTrader Trading fees

AxiTrader, which is primarily known as a CFD or forex broker offers very low trading fee trading options for clients from all legally acceptable countries. Unfortunately, you can not set the leverage to one and enjoy trading with real stocks and ETFs (At least till now).
Let's deep dive and have a look at AxiTrader's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 30:1 forex

Here is the tabular view of AxiTrader's fees and side by side comparison with other 2 brokers.

CFD Scenario

AxiTrader

Pepperstone

IC Markets

S&P 500 index CFD fee

$1.7

$2.0

$2.5

Europe 50 index CFD fee

$1.2

$1.6

$1.9

Forex Scenario

Benchmark Fee

AxiTrader

Pepperstone

IC Markets

EURUSD

$13.8

$14.9

$15.8

GBPUSD

$11.6

$12.5

$12.1

AUDUSD

$9.5

$11.9

$10.6

EURCHF

$1.1

$3.7

$4.8

EURGBP

$11.0

$10.6

$9.9

One good thing about AxiTrader is that it operates in majority of countries. If you are not from terroristic countries, you have high chance to get your account approved in a day.

AxiTrader's Online Trading Platform

Even though it offers all 3 trading platforms (desktop trading platform, web trading platform, and mobile trading platform) the web platform does not offer price alert.
Oon the positive side, you can see your order confirmation, and customize your reports and charts. The desktop and Mobile app offers much better user experience for trading & performance tracking.

If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
A negative point is that you are not able to add more security to your account (something like two-step login).

The UI & UX of AxitTader desktop and mobile trading platform is unique and user friendly because they use MetaTrader4.
At a glance it looks like this:

You should not be worried if English is not your strength, because AxiTrader and MetaTrader trading platform is available in:

You should not be worried if English is not your strength, because AvaTrade trading platform is powered by: MetaTrader 4, MetaTrader 5, AvaOptions, and WebTrader and it supports the following languages: Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese and of course English.

When it comes to trading, customer service plays a good role.
Overall ll, AxiTrader customer support team respond fast via Live Chat, decent service level agreement on Phone and Email too but they have yet to establish a 24/7 support process (So don't count on week ends, in't only 24/5). They have a live chat and offer help in English.

AxiTrader

Best Online broker for FX Forex & CFD

4.35

Minimum Deposit

Trade Now

What can you trade on AxiTrader

Products and Markets

The options that are available to you at AxiTrader are:

CFD

Forex

Crypto Currency

When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade (That applies on real stocks which is not available here). For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, So, don't gamble.

Trade Now Tip: You can change the default leverage level of the products.

Currency pairs:

Stock index CFDs:

Stock CFDs:

---

ETF CFDs:

---

Commodity CFDs:

Bond CFDs:

Future CFDs:

Cryptos:

How to open account on AxiTrade Broker.

You can expect a very easy, smooth and professional process to open your account with AxiTrade. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.

Depending on the owner and fee structure you may open different types of accounts at AxiTrader
* Individual, which is obvious and owned by you, or any individual
* Joint account can be owned by couples or more than 1 person
* Corporate account which is owned by a company or a legal entity

When it comes to the fee structure, you may find the following fee structure interesting:
* Standard accounts have zero commission fees but comes with higher higher spreads
* Pro account has lower spreads, something about $7 round trip commission
* If you are a UK client, you can choose spread betting account which is tax free
You can immediately use your demo account for free.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with AxiTrader.

Performance Tracking

Tip about away times:
You can not set price alerts and notifications on AxiTrade and customise the reports easily.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
It Offers good search functionality yet the look and feel is not that modern.
It offers neat portfolio reporting mechanism and clear fee reports where you can sort out your PnL / profit-loss balance and review all commissions that you paid.

Finally, Research & Education

Alright, if you are looking for educational videos to begin with, apart from out blog on top 10 best, AxiTrader offers good quality videos even about psychology of trading, etc.
The news feed and other articles are well written and are of decent quality.
Yes, you will get a demo account and sufficient balance to begin practicing.

When it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment,
You can use 31 indicator for technical analysis (Including trendlines and Fibonacci retracement, etc.)
It does not offer wither fundamental data, or trading ideas.

Our Take

AxiTrader is considered to be a safe, and regulated (in some markets). They offer good research tools and easy to navigate online trading platform (Desktop is much better than Web platform). It charges very low trading fees, and no inactivity fees.
If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading. Overall ll it has more pros than cons. But always remember, no matter what broker you choose, Trade wisely.

AxiTrader

Best Online broker for CFD, Forex

4.35

Minimum Deposit

Start Trading

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

XM Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

XM Review:
Best CFD & Forex Broker in 2020

As one of the best forex brokers and CFD brokers in the world, Trading point (The parent company that owns WM) registered XM in 2009.

In the United Kingdom, XM is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 3 more markets that they are regulated and that is Australia, Cyprus and Belize.

In terms of safety, even though they do not hold a banking license or listed on stock exchange but being regulated in certain markets is a positive signal to categorize them as a safe broker, So, they maintain a good reputation as a safe broker.
The portfolio of products and services that XM offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated XM as an option for:

Best broker for CFD

Best forex broker

Low Fee Online Broker

XM Pros and Cons

Since 2009, XM offers low-fee CFD trading options and low cost FX forex fee too.

Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading, they offer higher amount of currency pairs.

You can select different base currency to open the account which is great. The flip side of the coin is XM 's limited CFD offering & portfolio .

Best broker for
Forex & CFD

Trade Now

Account Fees:

Minimum deposit:

Withdrawal Fees:

Free

Investor Protection:

€20,100 for EEA Countries

Regulated:

YES, UK, Cyprus, Australia, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.4 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

XM Pros and Cons

Since 2009, XM offers low-fee CFD trading options and also high-forex-fee too.

Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading, they offer higher amount of currency pairs.

The flip side of the coin is XM 's limited CFD offering & portfolio .

How Much is XM Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.7 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 2.5 average spread cost, which is considered to be low.
✕ For EURUSD the fee has different structure: the fee is 1.7 average spread cost for standard and micro accounts
. XM Zero account commission is $3.5 for every $100 000 traded, The verage spread is 0.1 pips.
✓ There is $5 monthly inactivity fee after a quarter.

TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
Some other positive points are:

Pros

Free withdrawal and no cost for deposit

Low CFD fees

Comprehensive Educational Materials

Opening account is fast and seamless

Cons

Inactivity fees are charges

No Support during Week ends

No Price Alerts in the platforrm

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked XM fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: XTB and eToro
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Trading fees come in forms of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

XM

Best Low fee online broker for CFD, Forex

4.4

Minimum Deposit

Trade Now

XM Trading fees

XM , which is primarily known as a forex or CFD broker offers 5 different types of accounts.
As Micro account holder or Standard account holder you pay no commission but spreads are higher. You have an option to choose these base currencies: (USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR), Your Minimum deposit is 5$. THe only difference between these 2 accounts is that in Micros account a lot equals 1000, but in Standard account the contract states that 1 low equals 100,000.

Zero account holders shall pay commissions but entitled for very low spreads. The base currencies are limited to UDS, JPY, and EUR. The minimum deposit is $100. This account is only available to EEA countries.

The other account is called XM Ultra Low Account with these base currencies:(EUR, USD, GBP, AUD, ZAR, SGD). The spreads are low and you pay no commission. The minimum deposit is $50.

And finally a shared account with minimum deposit of $10,000 and contract size of 1 share has no commissio rate and only 1 base currency= USD.

Let's deep dive and have a look at XM 's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
• Stock CFDs are Apple & telecommunication giant Vodafone

Here is the tabular view of XM 's fees and side by side comparison with other 2 brokers.

CFD Scenario

Benchmark Fees

XTB

eToro

S&P 500 CFD

$2.4

Europe 50 CFD

$2.4

$2.2

$2.7

Apple CFD

$3.4

$17.9

$6.3

Vodafone CFD

$5.6

$20.9

---

Forex Scenario

Benchmark Fee

XTB

eToro

EURUSD

$17.1

$15

$19.6

GBPUSD

$13.8

$11.1

$16.2

AUDUSD

$13.9

$10

$12.4

EURCHF

$9.1

$6.6

$11.8

EURGBP

$12.2

$9.9

$19.9

One good thing about XM is that it operates in majority of countries except the following countries:

Israel, Japan

USA, Canada

New-Zealand, China,

The minimum deposit is $5, and you can select your preferred base currency from the following: 11 base currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR.
To start trading XM does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not XM offers a demo account to practice.

XM's Online Trading Platform

XM offers all 3 types of trading platforms: desktop trading platform, a decent mobile trading app, and web trading platform which is the weakest among the other platforms that XM offers traders. In comparison with other online trading platforms it really look nice and easy to use. One fun part is the search functionality. They don't have an inhouse online trading platform that you can use, but you may use the 3rd party tool called MetaTrader 4 or 5.

If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
Unfortunately, you can not setup touch ID or face ID login feature on your phone.
The UI & UX of XM trading platform is unique and user friendly.
At a glance it looks like this:

You should not be worried if English is not your strength, because XM online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

When it comes to trading, customer service plays a good role.
Overall ll, XM customer support team responds fast via email (but they don't support you on weekends). They have a live chat and offer help in English.

XM

Best low cost online broker for CFD & Forex Traders

4.4

Minimum Deposit

Trade Now

What can you trade on XM

Products, Portfolio and Markets

The trading options that are available to you at XM are:

CFD

Forex

Cryptocurrency

When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.

Trade Online Now Important Tip: You can change the default leverage level of the products.

Currency pairs:

Stock index CFDs:

Stock CFDs:

1200

ETF CFDs:

---

Commodity CFDs:

Bond CFDs:

Future CFDs:

Crypto:

ⓘ Advertiser disclosure

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

Fusion Market Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

Read

Visit

VISIT

VISIT

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

XTB Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

How to open account on XM .

You can expect a very easy, smooth and professional process to open your account with XM. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demo account or you can proceed with verification and start using your live account.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
in brief follow these 6 steps for account opening at XM :

1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Provide identity and residency proof for activation.

Performance Tracking

Tip about away times:
You can set alerts and notifications on XM and customise it. For instance, your alert can be set for a time that an asset reaches certain price target. One negative point here is that you can not set alarm for order confirmation.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XM , It's kinda easy and you can see a structured cash flow and other financial related reports.
XM offer news feed too and it is all produced by in-house research team but the content is not that visually appealing.

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos contents to begin with, besides our top 10 best blog, you can find a lot of educational materials at XM. We have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
XM education is decent, there are videos, webinars, articles and more about trading and also their trading platforms that works for beginners and experienced traders.

You will get a demo account and sufficient balance to begin practicing.

The Research part is also comparatively strong.
On the Contrary, when it comes to research it offers decent technical analysis tools (only in English) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

The charts and charting feature is pretty good. They also offer trading Ideas but nothing to give you in terms of fundamental data.

Our Take

After careful evaluation, we believe XM is among top-tier best CFD brokers and forex brokers in 2020.
Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. The easy to use trading platform that they offer is an advantage for online trader on the go. A big plus is their video educational repository, and indeed their low cost trading fees.

Good thing is that MarketsX's CFD fees are comparatively low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process that enables you to get started ASAP.
On the negative side, biggest negative point on XM is not offering support during weekend and outdated design of their web trading platform.

XM

Best Online broker for CFD & low cost forex trading

4.4

Minimum Deposit

Start Trading

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

IG Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

XTB Review:
Best CFD & Forex Broker in 2020 (Low fees)

As one of the best forex brokers and CFD brokers in europe, XTB is well-known as a Poland based trading company, In fact they have been in the market since 2002.

In the United Kingdom, XTB is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 2 other authorities: first one is (KNF) the Polish Financial Supervision Authority and last one is the International Financial Services Commission of Belize (IFSC)

Let’s not forget that other customers are served by a Cypriot entity which is governed by (GySEC) also known as the Cyprus Securities and Exchange Commission.

In terms of safety, even though they do not hold a banking license, XTB is listed on stock exchange. They maintain a good reputation as a safe broker.
The portfolio of products and services that XTB offers are mainly around Forex, CFD, Crypto, Real stocks. They also offer ETFs but only to European customers We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated XTB as an option for:

Best broker for cryptos

Best forex broker

Low fee (easy deposit & withdraw)

XTB pros and cons

Since 2002. XTB offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex and stock index CFD fees are pretty much low.

There is always a flip side of the coin and it is XTB's slow response rate on Email. Remember, They have limited portfolio and stock CFD fees are high.

If you wish to compare XTB with other alternativve online Brokers, click here, otherwise keep reading.

Best broker for
Forex & CFD

Trade Now

Account Fees:

Minimum deposit:

$250 in UK

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents, €20,100 for non-UK residents, €20,000 for Italy, Cyprus, Hungary

Regulated:

YES, UK, Cyprus, Poland, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.57 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

XTB Pros and Cons

Since 2002. XTB offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

Basic online trading platform review could be about account opening which is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex and stock index CFD fees are pretty much low.

There is always a flip side of the coin and it is XTB's slow response rate on Email. Remember, They have limited portfolio and stock CFD fees are high.

If you wish to compare XTB with other alternativve online Brokers, click here, otherwise keep reading.

How Much is XTB Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 2.2 average spread cost, which is considered to be low.
✕ For EURUSD the fee is €3.5 /£2.5 /$4 for each lot for PRO accounts, which is considered to be low.
✓ There is no inactivity fee which is also considered good.

TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
Some other positive points are:

Pros

Free and no cost deposit and withdrawal

Low forex fees

Low stock index CFD fees

Opening account is fast and seamless

Cons

Good CFD and Forex portfolio but lacking other options

Don't expect fast response time on Emails

High CFD stock fees

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked XTB fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: IG and eToro
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Trading fees come in formes of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

XTB

Best Online broker for CFD, Forex (Low Fees)

4.57

Minimum Deposit

$250

Trade Now

XTB Trading fees

XTB, which is primarily known as a forex or CFD broker offers 2 types of accounts. as standard account holder you pay spreads and as pro account you shall pay commissions which is $4/€3.5/£2.5 per every lot. The commission for trading stock index CFDs is $8/€8/£8, for ETF CFDs and stock contract for difference.
Let's deep dive and have a look at XTB's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
• Stock CFDs are Apple & telecommunication giant Vodafone

Here is the tabular view of XTB's fees and side by side comparison with other 2 brokers.

CFD Scenario

Benchmark Fees

XTB

eToro

S&P 500 CFD

$2.0

$2.1

$2.4

Europe 50 CFD

$2.2

$1.6

$2.7

Apple CFD

$17.9

$31.9

$6.3

Vodafone CFD

$20.9

$25.7

---

Stock Index Scenario

XTB

eToro

US Stock

$10.0

$15

UK Stock

$10.0

$9.6

German Stock

$8.8

$11

$0.0

Forex Scenario

Benchmark Fee

XTB

eToro

EURUSD

$15.0

$16.9

$19.6

GBPUSD

$11.1

$15.1

$16.2

AUDUSD

$10

$14.1

$12.4

EURCHF

$6.6

$11.8

EURGBP

$9.9

$11.1

$19.9

One good thing about XTB is that it operates in majority of countries and except UK citizens which their minimum deposit is $250, there is no requirements for other countries.
To start trading XTB does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not XTB offers a demo account to practice..

XTB's Online Trading Platform

XTB has all 3 platforms, mobile, desktop and web platforms. One fun part is the search functionality. They have an inhouse online trading platform called (xStation 5)or you may use the 3rd party tool called MetaTrader 4)

If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
To add more security and protect your account, you can setup two-step login feature in your profile.
The UI & UX of XTB trading platform is unique and user friendly.
At a glance it looks like this:

You should not be worried if English is not your strength, because XTB online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

When it comes to trading, customer service plays a good role.
Overall ll, XTB customer support team responds not that fast via email (but they answer Phone calls). They have a live chat and offer help in English.

XTB

Best Online broker for CFD & Forex Ttrading

4.57

Minimum Deposit

$250

Trade Now

What can you trade on XTB

Products, Portfolio and Markets

The trading options that are available to you at XTB are:

CFD

Forex

Real Stock

ETFs (Limited to European)

When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.

Trade Online Now Important Tip: You can not change the default leverage level of the products.

Currency pairs:

Stock index CFDs:

Stock CFDs:

1700

ETF CFDs:

103

Commodity CFDs:

Bond CFDs:

Future CFDs:

Cryptos:

ⓘ Advertiser disclosure

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

MarketsX Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

Read

Visit

VISIT

VISIT

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

eToro Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

How to open account on XTB.

You can expect a very easy, smooth and professional process to open your account with XTB. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demoaccount with 100K credit in it.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with XTB.

in brief follow these 7 steps for account opening at XTB:

1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.

Performance Tracking

Tip about away times:
You can set alerts and notifications on XTB and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XTB, It's kinda easy and you can see a structured cash flow and other financial related reports.
Follow this path:

Navigate to portfolio

Then History

Access your account statement

XTB offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
XTB education is fair. You will get a demo account and sufficient balance to begin practicing.
The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients. XTB offers one more fancy tool called the 'Heatmap,' that visually shows the winners and losers.
On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

The charts and charting feature is pretty good. It saves automatically and let you play around with around 70 indicators.

Our Take

After careful evaluation, we believe XTB is among top-tier CFD and forex brokers in 2020.
Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. It is publicly listed on the Warsaw Stock Exchange.

Good thing is that XTB's fees on forex and stock index CFD are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
On the negative side, XTB's stock CFD fees are rated as high. XTB is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe.

XTB

Best Online broker for CFD & Forex

4.57

Minimum Deposit

$250

Start Trading

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

Fusion Market Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

IG Review:
Best CFD & Forex Broker in 2020 (Low fees)

As one of the best CFD brokers in the world, IG is well-known as a UK based online trading company, In fact they have been in the market longer than almost everyone else; since 1974.

In the United Kingdom, IG is governed by (FCA): Financial Conduct Authority, and In Europe under Federal Financial Supervisory Authority (BaFin). They have managed to ne regulated by Swiss Financial Market Supervisory Authority (FINMA) too.
In Oceania, both countries regulated IG (Australian Securities and Investment Commission (ASIC) & Financial Markets Authority (FMA) of New Zealand).

In the Middle east and Africa they are governed by South Africa & Dubai (Financial Services Authority (DFSA) as well as (FSCA) which is Financial Sector Conduct Authority).

The last 2 authorities are from Japan and Singapore (Monetary Authority of Singapore (MAS) & Japanese Financial Services Authority (FSA)) This way IG is regulated literally everywhere.
The portfolio of products and services that IG offers are very comprehensive. The list is as follow:

Stock, ETF, Forex,

Options, CFD, Crypto,

IPO

There is also equities available clients form United Kingdom.

We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated IG as an option for:

Best low fee broker for stock index CFD

Best forex broker

Best Online Trading Platform

Best Educational Materials for Online Traders

Decent Online broker with Comprehensive Portfolio

IG pros and cons

Apart from regulation that we talked about, online trading platform that IG offers to you as a trader is among the best. It's comprehensive, and very easy to use.IG also offers great educational materials & demo account to practice.

There is always a flip side of the coin and it is IG's slow response rate on phone, and when it comes to fees, IG's stock CFD fees are pretty high. Remember, They have limited portfolio in many countries that are focused on CFD.

If you wish to compare IG with other alternativve online Brokers, click here, otherwise keep reading.

Best online CFD broker
No Minumum Deposit

Trade Now

Account Fees:

Minimum deposit:

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents,
€20,000 for Europe,
Swiss 100,000 CHF

Regulated:

YES, UK, UAE, Australia, Singapore, Japan, Swiss, US, South Africa & New Zealand

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

Stock, ETF, Forex, Options, CFD, Crypto, IPO

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.7 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

IG Pros and Cons

If you wish to compare IG with other alternativve online Brokers, click here, otherwise keep reading.

How Much is IG Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 1.5 average spread cost, which is considered to be low.
✕ For EURUSD the fee is €0.7 for each lot for PRO accounts, which is considered to be low.
✕ There is inactivity fee of $12 per month after 2 years.

TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
Some other positive points are:

Pros

Free deposit and no cost withdrawal

Low forex fees

Decent Customer Service

Good Online Trading Platform

Cons

Stock CFD fees are high

Portfolio may vary from country to country

There is Inactivity fees

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked IG fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: XTB and eToro
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
IG is very transparent with its trading fees.

They use different fee structures for each asset classes:
For share CFDs, they charge trading commission. The same applies to real shares & options.
When it comes to FX forex, stock index CFDs, it's clear and called all-inclusive spreads.
The situation for cryptocurrency, commodity CFDs, and bond CFDs are the same as Forex.
Administration fee and spreads for Smart Portfolios Trading fees come in formes of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

IG

Best online CFD broker
No Minumum Deposit

4.7

Minimum Deposit

Trade Now

IG Trading fees

Except UK, IG is primarily offering forex and CFD in other countries. Unlike other brokerage providers, IG gives you options to trade based on your country of origin.
For instance, if you are from either one of these countries: (UK, Ireland, Malta, Cyprus, Australia) you can enjoy trading Forex, CFD & Equity.
USA citizens can only go fo FX Forex.
You can opt in for Forex, CFD, and additionally Options if you come from this list:(Austria, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Romania, Sweden)
IG only offers Forex & CFD to the rest of the world.
The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
• Stock CFDs are Apple & telecommunication giant Vodafone

Here is the tabular view of XTB's fees and side by side comparison with other 2 brokers.

CFD Scenario

Benchmark Fees

XTB

eToro

S&P 500 CFD

$2.1

$2.0

$2.4

Europe 50 CFD

$1.6

$2.2

$2.7

Apple CFD

$31.9

$17.9

$6.3

Vodafone CFD

$25.7

$20.9

---

Real Stock & ETF Scenario

XTB

eToro

US Stock

$15

$10

UK Stock

$9.6

$10

German Stock

$11

$8.8

Forex Scenario

Benchmark Fee

XTB

eToro

EURUSD

$16.

$15

$19.6

GBPUSD

$15.1

$11.1

$16.2

AUDUSD

$14.1

$10

$12.4

EURCHF

$6.9

$6.6

$11.8

EURGBP

$11.1

$9.9

$19.9

To start trading XTB does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not IG offers a demo account to practice..

IG's Online Trading Platform

IG offers 2 of the best trading platforms (And In Good Quality). Even though desktop is not available, mobile trading app, and web trading platforms are user-friendly and easy to navigate.

. One fun part is the search functionality. They have an inhouse online trading platform called or you may use the 3rd party tool called MetaTrader 4.

If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
To add more security and protect your account, you can setup two-step login feature in your profile.
The UI & UX of XTB trading platform is unique and user friendly.
At a glance it looks like this:

You should not be worried if English is not your strength, because XTB online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

When it comes to online trading, customer service plays a good role.
Overall ll, IG customer support team responds fast via email and they answer your Phone calls (With a waiting list of almost 10 minutes). They have a live chat and offer help in English.

IG

Best Online broker for CFD & Forex Trading

4.7

Minimum Deposit

Trade Now

What can you trade on IG

Products, Portfolio and Markets

The trading options that are available to you at XTB are:

Stock,

ETF,

Forex,

Options,

CFD,

Crypto,

IPO

Unfortunately, you can not adjust the default leverage.
When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.

Trade Online Now Important Tip: You can not change the default leverage level of the products.

Currency pairs:

Stock index CFDs:

Stock CFDs:

10,500

ETF CFDs:

1900

Commodity CFDs:

Bond CFDs:

Future CFDs:

Cryptos:

How to open account on IG.

You can expect a very easy, smooth and professional process to open your account with IG. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1-3 day.
You can immediately use your demo account.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement).
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with IG.

in brief follow these 7 steps for account opening at IG:

1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.

Performance Tracking

Tip about away times:
You can set alerts and notifications on IG and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use web or mobile trading tools, you can get different kind of notifications.

I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in IG, It's kinda easy and you can see a structured cash flow and other financial related reports.
IG offer news feed and it is pretty engaging.

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos to begin with, apart from top 10 best blog, you can use IG education repository as they offer plenty of pages and videos about trading and the tools, guides and articles. (We do not offer investment advice and guarantees).
IG education is Great. You will get a demo account and sufficient balance to begin practicing, Access to vides, and webinars is another advantage.

IG offers a trading academy for Basic, Intermediate, Expert, and premium users.
The Research part is also strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients.
IG offers one more fancy tool called the 'Heatmap,' that visually shows the winners and losers.
On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.

The charts and charting feature is pretty good. Please remember that IG's fundamental data is very limited, and it does provide just a few trading ideas.

Our Take

After careful evaluation, we believe IG is not only among top-tier CFD and forex brokers in 2020, it can be positioned among top 3.
Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally.
A decent research and educational resource, along side reputable history makes it safe to trade with.
Good thing is that IG's fees on forex are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
On the negative side, IG's stock CFD fees are rated as high. IG is good for FX and CFDs in many countries but does not offer much of other options to trade, especially if you are outside Europe.

IG

Best Online broker for CFD & Forex Trading

4.7

Minimum Deposit

Start Trading

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

XM Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

Plus500 Review:
Best CFD & Forex Broker in 2020 (Great User Experience)

As one of the best FX & CFD brokers in the world, Plus500, an Israel based online broker was established in 2008 and publicly listed in London Stock Exchange.
Plus500 safety level is pretty high as it is under governance by the following top tier financial authorities:

Financial Conduct Authority (FCA) in the United Kingdom

Australian Securities and Investments Commission (ASIC)

Cyprus Securities and Exchange Commission (CySEC)

FSCA of South Africa & FMA of New Zealand

Singapore: (Monetary Authority of Singapore

And finally in their home town, Israel, the Israel Securities Authority (ISA)

The portfolio of products and services that Plus500 offers are not very comprehensive. Even though there are variety of CFD options, you can only trade the following stocks:

Forex,

Crypto,

CFD

We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Plus500 as an option for:

Best low trading fee online broker

Safe Online broker

Best Forex Broker

Plus500 pros and cons

Apart from regulation that we talked about, online trading platform that Plus500 offers to you as a trader is among the best. It's comprehensive, and very easy to use. Plus500 lacks in offering great educational materials but you will have a demo account to practice.

The bright side is their low trading fee, and their decent customer support. Additionally, you can deposit at no cost and withdraw 5 times a month.
There is always a flip side of the coin and it is Plus500's limited offers and portfolio (Most Forex & CFD). If you wish to compare Plus500 with other alternativve online Brokers, click here, otherwise keep reading.

Best online CFD & FX broker
(Great User Experience)

Trade Now

Account Fees:

Minimum deposit:

$100

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents,
€20,000 for Europe (Swiss & Norway)

Regulated:

YES, UK, Israel, Australia, Singapore, Cyprus, South Africa & New Zealand

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

Forex FX, CFD, Crypto

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.5 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

Plus500 Pros and Cons

If you wish to compare Plus500 with other alternativve online Brokers, click here, otherwise keep reading.

How Much is Plus500 Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.45 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 1 average spread cost, which is considered to be low.
✕ For EURUSD the fee is 0.6 pip average spread cost, which is considered to be low.
✕ There is inactivity fee of $10 per month after 3 months.

TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
Some other positive points are:

Pros

Free deposit and 5 withdrawal per month

Low forex trading fees

Decent Customer Service

Updated Online Trading Platform

Cons

No Phone Support

Portfolio is limited to CFD & Forex

There is Inactivity fees

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked Plus500 fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: XTB and eToro
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Plus500 is very transparent with its trading fees.
You can withdraw 5 times a month at no cost, but if you do try more than that in every 30 days, you will be charged $10.
If you wish to withdraw through banks, you ought to pay another $6 as a fix fee.
In cases where you withdraw any amount less than the minimum withdrawal amount of $100 in Plus500, You will also be charged $10. Generally, trading fees come in formes of:

Trading fees come in forms of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

Plus500

Best Online broker for CFD, Forex (Great User Experience)

4.5

Minimum Deposit

$100

Trade Now

Plus500 Trading fees

Plus500, which is primarily known as a forex or CFD broker offers only one type of account with different base currencies. You can contact their support team to change your base currency. Let's deep dive and have a look at plus500's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
• Stock CFDs are Apple & telecommunication giant Vodafone

Here is the tabular view of plus500's fees and side by side comparison with other 2 brokers.

CFD Scenario

CFD Fees

Plus500

eToro

XTB

S&P 500 CFD

$2.1

$2.2

$2.0

Europe 50 CFD

$1.3

$2.7

$2.2

Apple CFD

$8.9

$6.3

$17.9

Vodafone CFD

$7.6

---

$20.9

Forex Scenario

Benchmark Fee

Plus500

eToro

XTB

EURUSD

$17.9

$19.6

$15

GBPUSD

$14

$16.2

$11.1

AUDUSD

$12.6

$12.4

$10

EURCHF

$11.8

$6.6

EURGBP

$14.4

$19.9

$9.9

To start trading plus500 does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not plus500 offers a demo account to practice..

Plus500's Online Trading Platform

plus500 does not offer desktop platform but it provides access to a unique mobile trading app and web trading platform. Even though it is liked by experienced traders, we have received feedback from beginners that they could easily navigate through the tabs and the entire online trading platform. One fun part is the search functionality.

Plus 500 mobile apps are available for IOS, Android and Windows Phone. If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
To add more security and protect your account, you can setup two-step login feature in your profile.
The UI & UX of plus500 trading platform is unique and user friendly.
At a glance it looks like this:

You should not be worried if English is not your strength, because plus500 online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

When it comes to trading, customer service plays a big role.
Overall ll, plus500 customer support team responds fast via email (but they do not answer Phone calls). They have a live chat and offer help in English.

Plus500

Best Online broker for CFD, Forex (Great User Experience)

4.5

Minimum Deposit

$100

Trade Now

What can you trade on Plus500

Products, Portfolio and Markets

The trading options that are available to you at plus500 are:

CFD

Forex

Cryptocurrency

Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.

Trade Online Now

Currency pairs:

Stock index CFDs:

Stock CFDs:

1800

ETF CFDs:

Commodity CFDs:

Bond CFDs:

Future CFDs:

Cryptos:

How to open account on plus500.

Citizens of most countries are allowed to open account, however, Plus500, as a forex or CFD broker offers only one type of account and you can not open an account if you are from USA or Canada).
You can expect a very easy, smooth and professional process to open your account with Plus 500. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day. Additionally, you will get access to use your demo account, immediately

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with plus500.

in brief follow these 5 steps for account opening at plus500:

1. Get ready with you email address
2. Select the country of residency.
3. Provide demographic data
4. Select your account type & base currency.
5. Provide identity and residency proof for activation.

Performance Tracking

Tip about away times:
You can set alerts and notifications on plus500 and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
No matter you use web or mobile for your trading, you can get different kind of notifications.
Additionally, you might get yourself registered with traders' Sentiment so the system can inform you if a certain percentage of traders ( Buyers or Sellers) reaches a preset level that matters to you.
I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in plus500, It's kinda easy and you can see a structured cash flow and other financial related reports.
Follow this path:

Navigate to portfolio

Then History

Access your account statement

plus500 offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.

Finally, Research & Education

Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
plus500 education is not that comprehensive. You will get a demo account and sufficient balance to begin practicing.
The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients.
When it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
The charts and charting feature is pretty good. You can use almost 107 technical analysis. Please bear in mind that this broker does not offer the following:
• Trading ideas
• Fundamental data

Our Take

After careful evaluation, we believe plus500 is among top-tier online brokers, especially when it comes to trading CFD and forex in 2020.
Couple of reasons could be it's regulation and being listed in stock exchange that makes it safer to trade. Also it is regulated by several financial authorities globally.

Good thing is that plus500's trading fees on forex and stock index CFD are low, and they allow you to withdraw for free and 5 times a month, In fact it's done pretty fast. No need to talk about the fully automated account opening process which is a great joy.
On the negative side, plus500 is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe. They charge you inactivity fee and do not offer that much of educational materials

Plus500

Best Online broker for CFD, Forex (Great User Experience)

4.5

Minimum Deposit

$100

Start Trading

Online Trading Essentials

Best CFD Brokers in 2020

Best Forex Brokers in 2020

XM Alternative

AvaTrade Pros & Cons

How to open account at XTB

Fusion Markets Fees

Our Scoring & Methodology

AvaTdare Review:
The best Low Fee FX & CFD broker in 2020

AvaTrade started offering trading service since 2006 and eversince branded AvaTrade as a well known international trusted online broker with focus on FX Forex and CFD brokerage services.
AvaTrade is well regulated in majority of jurisdictions:

(ASIC) in Australia also known as Australian Securities and Investments Commission

(FSCA) in South Africa which is known as Financial Sector Conduct Authority

In Japan they are governed by both (FSA) the financial service agency, and also (FFAJ) Financial Futures Association of Japan

The Central bank of Ireland and B.V.I from the british Virgin Islands

Even though AvaTrade is not publicly listed on any stock exchange, AvaTrade maintains a safe reputation as a safe broker since it is regulated by top-tier financial authorities
The portfolio of products and services that AvaTrade offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated AvaTrade as an option for:

Decent broker for crypto

Among the Best forex brokers

Best CFD broker

AvaTrade Pros and Cons

To put is simply, AvaTrade offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web, mobile and desktop (the platform is not as as strong as other competitors like IG, and eToro). on the other hand, it offers charting features with decent customization capability.

A good side of the fact is thet its trading fees are low and there is no extra fee for withdrawal.

If you wish to see other options, you can easily compare AvaTrade alternative or keep on reading.

Best broker for (Low Trading Fee)
Crypto, FX Forex, CFD

Trade Now

Account Fees:

Minimum deposit:

$100

Withdrawal Fees:

Free

Investor Protection:

Only €20,000 in EU

Regulated:

YES, Ireland, Japan, South Africa, Australia, British Virgin Island

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

CFD, Crypto, Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

3.95 / 5

Deposit & Withdrawal Type:

Zero fee on: Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

AvaTrade Pros and Cons

If you wish to see other options, you can easily compare AvaTrade alternative or keep on reading.

How much is AvaTrade Fees

There are Pros and Cons here too.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.5 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 1 pips average spread cost, which is considered to be low.
✕ For EURUSD the fee is 0.9 pips average spread cost, which is considered to be high.
✓ $50 per month after 3 months of inactivity is what AvaTrade charges which is also considered pretty much high.

Some other positive points are:

Pros

Low Trading fee and free withdrawal

Multiple base currencies

Customizable Charts

Regulated in many countries

Cons

Investment protection is only available i EU

There is administrative and inactivity fees

Web trading platform is not user friendly

Trading Vs Non-Trading fees

Thats not all the fees
As you can see in the table above we ranked AvaTrade fees (in the table in 3 different categories: from low, average to high) compare to 2 other similar competitors and brokers: XM and Plus500.
Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees are there only when you trade anything.
Trading fees come in formes of:

Commissions

Spreads

Financial Rates

Conversion Fees

Now it's time for Non-trading fees
These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

AvaTrade

Online broker for CFD, Forex, Crypto (Low Trading Fee)

3.95

Minimum Deposit

$100

Trade Now

AvaTrade Trading fees

AvaTrade, which is primarily known as a FX & CFD broker offers low rate trading offers. You can not set the leverage to one trade other real stocks and ETFs.
Let's deep dive and have a look at AvaTrade's fees for only forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
The Scenario is running this way: A typical trade, it means buying a leveraged position, holding it for 7 days and only sell after that period.
* Volume: a $2,000 position for the stock Index
* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.
The leverage in this scenarios is:
• 20:1 stock index CFDs • 5:1 CFD • 30:1 forex

Here is the tabular view of AvaTrade's fees and side by side comparison with other 2 brokers.

CFD Scenario

AvaTrade

Plus500

S&P 500 index CFD fee

$0.9

$2.4

$2.1

Europe 50 index CFD fee

$0.6

$2.4

$1.3

Apple CFD fee

$4.1

$3.4

$8.9

Vodafone CFD fee

$6.1

$5.6

$7.6

Forex Scenario

Benchmark Fee

AvaTrade

Plus500

EURUSD

$19.2

$17.1

$17.9

GBPUSD

$15.7

$13.8

$14

AUDUSD

$12

$13.9

$12.6

EURCHF

$8.5

$9.1

$9.0

EURGBP

$14

$12.2

$12.6

One good thing about AvaTrade is that it operates in majority of countries with the minimum deposit of $100.
At AvaTrade, you can choose from these base currencies: USD, EUR, CHF

• AUD currency is fr Aussies and Australian Clients
• British Pound is only for clients from the UK.
To start trading AvaTrade does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not, they offers a demo account to practice.

AvaTrade's Online Trading Platform

Even though it offers all 3 trading platforms(Web platform, Desktop and Mobile Apps), the UI and user-friendliness (in terms of design) is not that modern. ON the contrary, since they use MetaTrader, it enables you to fully customize your reports and use it in different languages.
The UI & UX of AvaTrade trading platform is unique and neat.
At a glance it looks like this:

You should not be worried if English is not your strength, because AvaTrade trading platform is powered by: MetaTrader 4, MetaTrader 5, AvaOptions, and WebTrader and it supports the following languages: Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese and of course English.

When it comes to trading, customer service plays a good role.
Overall ll, AvaTrade customer support team respond fast via email, Phone calls, and live chat but they have yet to establish a 24/7 support process (So don't count on week ends).
This brokerage have a live chat and offer help in English and the good thing about it is short time queues.

AvaTrade

Online broker for CFD, Forex, Crypto (Low Trading Fee)

3.95

Minimum Deposit

$100

Trade Now

What can you trade on AvaTrade

Products, Portfolio and Markets

The options that are available to you at AvaTrade are:

Stock CFD

Forex CFD

CFD / FX

When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

Tip: If you try AvaTrader alternatives, it's necessary to know that Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, don't gamble.

Trade Now Tip: You can not change the default leverage level of the products.

Currency pairs:

Stock index CFDs:

Stock CFDs:

630

ETF CFDs:

Commodity CFDs:

Bond CFDs:

Future CFDs:

Cryptos:

How to open account on AvaTrade.

At first let's have a look at the 3 types of accounts that are available at AvaTrade.

Like other brokers, you can have a Standard account as an individual

As a business or a legally registered entity, you can hold a Corporate account

The 3rd type is for muslims interested in trading and it is called Islamic account which doesn't charge swaps for your account.

Tip: you can open a Professional Trading account by (request) only if you hold half a million Euro portfolio in the past year.

You can expect a very easy, smooth and professional process to open your account with AvaTrade. All you need is an email or a social platform login
You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
You can immediately use your demo account.

However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with AvaTrade.

Performance Tracking

Tip about away times:
You can set alerts and notifications on AvaTrade platforms (Except Web platform)
No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
Please bear in mind that no trading ideas and fundamental data is offered by AvaTrade.
I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in AvaTrade, It's kinda easy and you can see a clear profit/loss or commissions paid reports.

Finally, Research & Education

Alright, if you are looking a lot of materials to begin with, our blog at top 10 best is a good resource to begin with since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
Research part of AvaTrade is not that great and it doe not offer news feeds, but when it comes to education it's pretty comprehensive. Not only you will get a demo account, you will also have access to in depth articles, and lots of videos (about platform and trading)

One advantage you get is having access to SharpTrader. it provides you with around 200 articles and vides, plenty of educational tool.

Our Take

Overall ll AvaTrade is considered to be a safe, and regulated(in most markets). Their negative side is on not having plenty of research tools and having high inactivity fees. On the contrary, it offers low fee trading options for both CFD and Forex trading. Maybe it does not have the best online trading platform but it you can trade using web, Mobile and desktop.
If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading, Remember, the minimum deposit is $100.

AvaTrade

Online broker for CFD, Forex, Crypto (Low Trading Fee)

3.95

Minimum Deposit

$100

Start Trading