Best Forex Brokers in Ireland

Regulated Forex Brokers for Ireland Citizens in 2020

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Trusted by thousands





Best Forex Brokers in Ireland


Regulated Forex Brokers for Ireland Citizens in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


Side by side comparison of 2 online brokers of the months in Ireland.
For detailed comparison Tap here ➞


best cfd broker
Best Social Trading Broker in Ireland
Trade Now

Account Fees:

NO

Minimum deposit:

$200

Withdrawal Fees:

$5

Investor Protection:

£85,000 for UK residents, €20,000 for non-UK residents

Regulated:

YES, UK, Cyprus, Australia

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.3 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

best cfd broker
Best Low Fee Forex Broker in Ireland
Trade Now

Account Fees:

NO

Minimum deposit:

$5

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:

Overal Ranking:

4.4 / 5

Deposit & Withdrawal Type:

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

Open Account
For detailed comparison & top 10 list view, Tap here ➞



For detailed comparison or list view, click here ➞


best cfd broker
Best Social Trading Broker in Ireland
Trade Now

Account Fees:

NO

Minimum deposit:

$200

Withdrawal Fees:

$5

Investor Protection:

£85,000 for UK residents, €20,000 for non-UK residents

Regulated:

YES, UK, Cyprus, Australia

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.3 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card, Electronic wallets

Open Account

best cfd broker
Best Low Trading Fee Broker in Ireland
Trade Now

Account Fees:

NO

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:

Overal Ranking:

3.95 / 5

Deposit & Withdrawal Type:

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

Open Account

best cfd broker
Best Low Fee Forex Broker in Ireland
Trade Now

Account Fees:

NO

Minimum deposit:

$5

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:

Overal Ranking:

4.4 / 5

Deposit & Withdrawal Type:

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

Open Account
For detailed comparison or list view, click here ➞


etoro reviewTop 10 Best Forex Brokers in 2020

Compare Top FX Brokers: Here is how-->

Forex Trading for Irish traders is fusn and rewarding, yet risky. You know, when it comes to trading foreign currency or stocks, a lot of traders focus on technical analysis, fundamental, histori, triangle diagrams, and every tool to make sure they end up the deal with good profit, but majority of professional traders know the importance of having the right online broker.

Finding the best Forex brokers in ireland 2020 can be a bit tricky, especially when all of them claim that they are the best online broker. As an Independent reviewer, we have reviewed majority of brokers and blacklisted the scams and shady ones. As a result we have shortlisted around 31 tier-1 Forex Brokerage and evaluated their offers, portfolio and market, payment (Withdraw & Deposit), customer support, trading fees, Education, online trading platform Research, Account Opening, base currencies, and many more factors. You can either go to the consolidated list view or read their in-depth reviews.

Best Currency Exchange Brokers List 2020

All Brokers Are:

Regulated

Reviewed & Tested by Experts

Verified Agains Scams

eToro

Zero Commission


4.3

Minimum Deposit

$200

Trade Now
IG

Best Online broker for Professional Traders


4.7

Minimum Deposit

$0

Start Trading
XTB

Best Online broker for FX Traders


4.57

Minimum Deposit

$250

Start Trading
MarketsX

Best Broker for Research & Analysis


4.2

Minimum Deposit

$250

Start Trading
AvaTrade

Lowest Trading Fees


3.95

Minimum Deposit

$100

Trade Now
FXTM

Best Low fees stock index broker


4.25

Minimum Deposit

$500

Trade Now
Pepperstone

Best Online broker (Low Fee)


4.5

Minimum Deposit

$100

Trade Now
Plus500

Top Online Broker with Great User Experience


4.5

Minimum Deposit

$100

Start Trading
Fusion Markets

Best Discount Forex Broker


4.05

Minimum Deposit

$0

Trade Now
XM

Best Low Cost Forex Trading


4.4

Minimum Deposit

$5

Start Trading

Important Tip: Contract for difference or CFDs are rewarding yet very risky and you might end up losing money. Generally over 74% of retail investor accounts ar at risk of losing their capital. It's significant that you educate yourself about trading strategies, technical analysis, and finance before opting for trading.




eToro Review in 2020

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By the way, we’re 100% free to use & fully independent
Trusted by thousands



etoro review


eToro Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


etoro review eToro Review:
The best CFD broker in Ireland in 2020


As one of the best forex brokers and also one of the best CFD brokers in the world, eToro is well-known as an Israel based fintech company (they are not startup any more), a social trading broker established in 2007 that is governed by Australia and UK regulation authorities : the Financial Conduct Authority (FCA) and Investment Commission (ASIC).

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.

Even though eToro 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 British and Aussie people.
The portfolio of products and services that eToro offers are mainly around Stock, ETF, Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated eToro as an option for:

  • Best broker for cryptos
  • Best broker for social trading
  • Best forex broker
  • Best CFD broker
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    eToro pros and cons

    To put is simply, when it comes to Europe, eToro 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. For those who are not interested in crafting their own strategy, you can follow other trader’s footprint, and good news is that eToro made it available, its called: social trading.

    There is always a flip side of the coin and it is eToro's slow withdrawal process and comparatively high forex fees. Remember, you will be charged $5 fee for withdrawal, so if you plan to withdraw small amounts you will be losing money. eToro has a $50 minimum amount limit on withdrawals.

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



    best cfd broker
    Best broker for
    Crypto & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $200

    Withdrawal Fees:

    $5

    Investor Protection:

    £85,000 for UK residents, €20,000 for non-UK residents

    Regulated:

    YES, UK, Cyprus, Australia

    Customer Support:

    Live Chat, Email

    Demo Account:

    YES

    Trading Options:

    CFD, stock
    ETF, Crypto
    Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.3 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    eToro pros and cons

    To put is simply, when it comes to Europe, eToro 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. For those who are not interested in crafting their own strategy, you can follow other trader’s footprint, and good news is that eToro made it available, its called: social trading.

    There is always a flip side of the coin and it is eToro's slow withdrawal process and comparatively high forex fees. Remember, you will be charged $5 fee for withdrawal, so if you plan to withdraw small amounts you will be losing money. eToro has a $50 minimum amount limit on withdrawals.

    If you wish to compare eToro with other Top 10 best Brokers, click here, otherwise keep reading.


    How much is eToro 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 0.75 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 3 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 3 pips average spread cost, which is considered to be high.
    ✓ $10 per month after one year inactivity is what eToro charges which is also considered low.


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


    best cfd broker
    Pros

    Free stock is available in EU countries

    ETF trading is available in the EU

    Registration and opening account is very simple

    You can easily do Social trading


    best cfd broker
    Cons

    Slow withdrawing money process, and a bit pricy.

    You can only hold one account base currency

    Forex trading fees are high




    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked eToro fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Plus500 and MarkesX
    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.

    eToro

    Best Online broker for CFD, Forex and Crypto


    4.3

    Minimum Deposit

    $200

    Trade Now

    eToro Trading fees

    eToro, which is primarily known as a CFD broker offers zero-commission stock and ETF trading for European. You can also set the leverage to one and enjoy trading with real stocks and ETFs.
    Let's deep dive and have a look at eToro'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

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


    CFD Scenario

    eToro

    Plus500

    MarketsX

    S&P 500 index CFD fee

    $2.4

    $2.1

    $2.6

    Europe 50 index CFD fee

    $2.7

    $1.3

    $2.5

    Apple CFD fee

    $6.3

    $8.9

    $6.4

    Vodafone CFD fee

    ---

    $7.6

    $6.7


    Stock Index Scenario

    eToro

    Plus500

    MarketsX

    US Stock

    $0.0

    $15

    $10

    UK Stock

    $0.0

    $9.6

    $10

    German Stock

    $0.0

    $11

    $8.8


    Forex Scenario

    Benchmark Fee

    eToro

    Plus500

    MarketsX

    EURUSD

    $19.6

    $17.9

    $24.5

    GBPUSD

    $16.2

    $14

    $25

    AUDUSD

    $12.4

    $12.6

    $25.1

    EURCHF

    $11.8

    $9.0

    $22.1

    EURGBP

    $19.9

    $14.6

    $20.5


    One good thing about eToro is that it operates in majority of countries. If you are not from Africa or terroristic countries, you have high chance to get your account approved in a day.
    Except the following cases, the minimum deposit is $200.
    • For Israel citizens, the deposit base is $10,000.
    • For Australian and USA citizens, the first-time deposit is $50.
    • the price is $500 for residents of Russia, China, Hong Kong, Taiwan and Macau.

    To start trading eToro 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 eToro offers a demo account to practice..


    eToro's Online Trading Platform

    Even though it does not have a desktop platform, but eToro promises good user experience for trading and social trading through its mobile and web trading platform.
    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 eToro 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 eToro trading platform is available in: Arabic, Chinese (simplified), Finnish, French, German, Chinese (traditional), Czech, Danish, Dutch, Italian, Norwegian, Polish, Portuguese for Portugal and Brazil, Romanian, Russian, Spanish, Swedish, even south east aisan like Vietnamese, Thai, Bhasa Melayu or Malaysian and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, eToro customer support team respond fast via email (No Phone calls) but they have yet to establish a 24/7 support process (So don't count on week ends). They have a live chat and offer help in English.

    eToro

    Best Online broker for CFD, Forex and Crypto


    4.3

    Minimum Deposit

    $200

    Open Account

    What can you trade on eToro

    Products and Markets

    The options that are available to you at eToro are:

  • CFD
  • Forex
  • Real Stock
  • ETFs
  • Crypto Currency
  • Social Trading
  • CopyPortfolio
  • 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 FX and CFD trading default leverages are high, don't gamble.



    best forex broker Open Account Tip: You can change the default leverage level of the products.

    Currency pairs:

    47

    Stock index CFDs:

    13

    Stock CFDs:

    1900

    ETF CFDs:

    145

    Commodity CFDs:

    6

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    17

    etoro review Innovation: 2 distinguishing features in eToro


    CopyTrader (Social Trading)

    What is CopyTrader? other also ask what is social trading?
    Here is a simple answer
    How would you feel to be able to follow other's strategy (trades on a weekly basis, their average holding time, and performance on charts), being able to copy up to 100 traders portfolio all at once, and browse through their portfolio.

    Good thing is that you can easily check their previous performance (Both yearly and monthly), and review the risk score that eToro gave them base on their history.
    Tip: Min investment per trade is $200and Max is Half a million.
    The cons of using social trading is that you should close full amount on your position, not partially.

    CopyPortfolio (Top-tier Investment)

    On the contrary, copyPortfolio should be seen as an investment (In reality it is actually a portfolio of contract for difference).

    Here you can not follow traders, instead you may invest in one of the eToro's top traders (So called star trader) portfolio or as part of their either in a theme.

    Let's clarify some points here: when we say investing as part of or in themes, you can refer to it as investment in a cryptocurrency portfolio, or such because they have a lot of CFDs. Some examples are the famous banks of HSBC or America, or even Citi bank. (Apart from being among the best CFD brokers, eToro is nominated for best crypto broker, or best cryptocurrency broker)

     

    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 eToro 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 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.

    etoro account

    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:

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



    FXTM Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    FXTM review


    FXTM Review in 2020 for Ireland citizens

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    FXTM review FXTM Review:
    The best low fee stock index CFD broker in 2020


    FXTM started offering trading service since 2011 in Cyprus and eversince branded FXTM as a well known international trusted online broker with focus on FX Forex, stock index and CFD brokerage services.
    FXTM is well regulated in majority of jurisdictions:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Commission of Mauritius (FSCA)
  • the Financial Conduct Authority (FCA)/li>

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

  • Among the Best forex brokers
  • High stock CFD fees
  • Low fees stock index broker
  • Decent broker for crypto
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    FXTM Pros and Cons

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

    A good side of the fact is their awesome customer support and lots of educational materials that makes it one of the best online broker for beginners. Unfortunately most of the time, there is a fee for withdrawal.

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



    best cfd broker
    Best Low fees stock index broker
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $500

    Withdrawal Fees:

    $3

    Investor Protection:

    £85,000 in UK & €20,000 in EU

    Regulated:

    YES, Cyprus, UK, Mauritius

    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:

    Overal Ranking:

    4.25 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    FXTM Pros and Cons

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

    A good side of the fact is their awesome customer support and lots of educational materials that makes it one of the best online broker for beginners. Unfortunately most of the time, there is a fee for withdrawal.

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


    How much is FXTM 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 1.4 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 3.3 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 0.6 pips average spread cost, which is considered to be almost high.
    ✕ $5 per month after 3 months of inactivity is what FXTM charges which is also considered pretty much high.


    Some other positive points are:


    best cfd broker
    Pros

    Low Trading fee and free Deposit

    Multiple base currencies

    Very good Customer support

    Regulated in many countries


    best cfd broker
    Cons

    Inactivity Fee & Withdrawal fee

    High stock CFD fees

    Limited offers and portfolio


    High Min Deposit



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked FXTM fees (in the table in 3 different categories: from low, average to high) compare to 2 other similar competitors and brokers: XM and XTB.
    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.

    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Trade Now

    FXTM Trading fees

    FXTM, which is primarily known as a FX & CFD broker offers low rate stock index CFD trading offers. You can not change the leverage if you are from EU countries.
    Let's deep dive and have a look at FXTM'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 FXTM's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    FXTM

    XM

    XTB

    S&P 500 index CFD fee

    $1.8

    $2.4

    $2.0

    Europe 50 index CFD fee

    $2.5

    $2.4

    $2.2

    Apple CFD fee

    $17

    $3.4

    $17.9


    Forex Scenario

    Benchmark Fee

    FXTM

    XM

    XTB

    EURUSD

    $17.8

    $17.1

    $15

    GBPUSD

    $15.5

    $13.8

    $11.1

    AUDUSD

    $12.2

    $13.9

    $10

    EURCHF

    $4.4

    $9.1

    $6.6

    EURGBP

    $11.5

    $12.2

    $9.9


    One good thing about FXTM is that it operates in majority of countries with the minimum deposit of $500.
    At FXTM, you can choose from these base currencies: USD, EUR, GBP, NGN

    To start trading FXTM 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.


    FXTM's Online Trading Platform

    Even though it offers all 3 trading platforms(Web trading platform, Desktop trading and Mobile trading Apps), the UI and user-friendliness is fair (in terms of design) . On ontrary, since they use MetaTrader, it enables you to fully customize your reports and use it in different languages and make this broker a good place for those who are familiar with metatrater.
    The UI & UX of FXTM 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 FXTM 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, FXTM 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.

    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Trade Now

    What can you trade on FXTM

    Products, Portfolio and Markets

    The options that are available to you at FXTM are:

  • Stock CFD
  • Forex CFD
  • CFD / FX
  • These 2 are not available: ETF CFD, bond CFD
  • The number of rForex offers that have is generously more than the rest. 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 FXTM 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.



    best forex broker Trade Now Tip: You can not change the default leverage from EU countries.

    Currency pairs:

    48

    Stock index CFDs:

    11

    Stock CFDs:

    166

    ETF CFDs:

    --

    Commodity CFDs:

    6

    Bond CFDs:

    --

    Future CFDs:

    --

    Stock Market:

    2 (NYSE, NASDAQ.)

    Cryptos:

    4


    How to open account on FXTM.


    At first let's have a look at the 6 types of accounts that are available at FXTM. By the way, Except UK, you can also invest on social trading services.

    The accounts are:

    Standard
    ECN
    ECN Zero
    Micro Account
    Shared
    FXTM Pro

    The commission for ECN accounts is lower if you hold a higher balance in your account or in case you trade more.
    You can expect a very easy, smooth and professional process to open your account with FXTM. 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 FXTM.

    FXTM account

    Performance Tracking

    Tip about away times:
    You can not set alerts and notifications on FXTM 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 fundamental data is offered by FXTM but they provide trading ideas and trading signals based on some technical tools.
    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 FXTM, 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, besides our blog at top 10 best which 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 FXTM is fair. For instance you can use FXTM Pivot Points Strategy to determine price direction. They do offer decent news feeds too. 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 FXCM education portal. it provides you with around 200 articles and vides, plenty of educational tool.

    Our Take


    Overall, FXTM is considered to be a safe, and regulated(in most markets). Their negative side is high CFD fees and charging withdrawal fee and inactivity fees. On the contrary, it offers low fee forex trading options. 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 $500.


    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Start Trading



    MarketsX Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    MarketsX review


    MarketsX Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    MarketsX review MarketsX Review:
    Best CFD & Forex Broker in 2020


    As one of the best forex brokers and CFD brokers in the world, MarketsX has been in the market since 2010 and offered CFD and FX Forex trading options to online traders.

    In the United Kingdom, MarketsX is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 2 more markets that they are regulated and that is Australia and UK.

    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 MarketsX offers are mainly around Forex, CFD, Crypto. They also offer Blends but we all know that it is kinda CFD. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated MarketsX as an option for:

  • Best broker for CFD
  • Best forex broker
  • High Forex fee Online Broker
  • Low CFD fee Online Broker
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    MarketsX Pros and Cons

    Since 2010. MarketsX 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 leads to higher cost than any CFD..

    Apart from their High financial fees, the other flip side of the coin is MarketsX 's limited portfolio.

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



    best cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $250 in UK

    Withdrawal Fees:

    Free

    Investor Protection:

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

    Regulated:

    YES, UK, Cyprus, Poland, Belize

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Blends,
    Crypto, Forex

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.2 / 5

    Deposit & Withdrawal Type:

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

    Open Account

    MarketsX Pros and Cons

    Since 2010. MarketsX 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 leads to higher cost than any CFD..

    Apart from their High financial fees, the other flip side of the coin is MarketsX 's limited portfolio.

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


    How Much is MarketsX 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 0.4 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 1.6 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 0.6 pips average spread cost, which is considered to be high.
    ✓ There is $10 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:


    best cfd broker
    Pros

    Free withdrawal and no cost for deposit

    Low CFD fees

    Smooth Account opening

    Opening account is fast and seamless


    best cfd broker
    Cons

    Trading fees are High

    No Support during Weekends

    Portfolio is limited to CFD & Forex Only



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked MarketsX fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Plus500 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.

    MarketsX

    Best Online broker for CFD, Forex


    4.2

    Minimum Deposit

    $250

    Trade Now

    MarketsX Trading fees

    MarketsX , 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 MarketsX '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 MarketsX 's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    Benchmark Fees

    MarketsX

    Plus500

    eToro

    S&P 500 CFD

    $2.6

    $2.1

    $2.4

    Europe 50 CFD

    $2.5

    $1.3

    $2.7

    Apple CFD

    $6.4

    $8.9

    $6.3

    Vodafone CFD

    $6.7

    $7.6

    ---


    Forex Scenario

    Benchmark Fee

    MarketsX

    Plus500

    eToro

    EURUSD

    $24.5

    $17.9

    $19.6

    GBPUSD

    $25

    $14

    $16.2

    AUDUSD

    $25.1

    $12.6

    $12.4

    EURCHF

    $22.1

    $9

    $11.8

    EURGBP

    $20.5

    $14.6

    $19.9


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

  • Brazil, Turkey, Belgium
  • USA, Canada
  • New-Zealand, Hong Kong, Japan,
  • South-Korea, Israel, Russia,
  • The minimum deposit is $250, and you can select your preferred base currency from the following: 9 base currencies: DKK, NOK,USD, EUR, GBP, PLN, SEK, ZAR, AUD.
    To start trading MarketsX 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 MarketsX offers a demo account to practice.


    MarketsX 's Online Trading Platform

    MarketsX does not offer desktop platform but it provides you with decent mobile trading app, and web trading platform. In comparison with other online trading platforms, it really look nice and easy to use. One fun part is the search functionality. They have an inhouse online trading platform that you can use 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.
    Unfortunately, you can not setup two-step login feature in your profile.
    The UI & UX of MarketsX 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 MarketsX 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, MarketsX 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.

    MarketsX

    Best Online broker for CFD & Forex Trading


    4.2

    Minimum Deposit

    $250

    Open Account

    What can you trade on MarketsX

    Products, Portfolio and Markets

    The trading options that are available to you at MarketsX 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.



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

    Currency pairs:

    55

    Stock index CFDs:

    11

    Stock CFDs:

    2000

    ETF CFDs:

    42

    Commodity CFDs:

    17

    Bond CFDs:

    4

    Future CFDs:

    --

    Crypto:

    5


     

    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 MarketsX .


    You can expect a very easy, smooth and professional process to open your account with Markets X. 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 MarketsX :

    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 MarketsX 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 MarketsX , It's kinda easy and you can see a structured cash flow and other financial related reports.
    MarketsX offer news feed too and it is all produced by in-house research team but the content is not that visually appealing.

    MarketsX review
    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, besides our top 10 best blog, you can find a lot of educational materials at MarketsX. We have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    MarketsX 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. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients. MarketsX 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. They also offer trading Ideas.

    Our Take


    After careful evaluation, even though it has high forex trading fees, we believe MarketsX is among top-tier best CFD 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.

    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 MarketsX is its high financial fees and limited portfolio of CFD and Fx Forex trading. Overall it's a trustworthy brokerage to use.


    Markets X

    Best Online broker for CFD & Forex


    4.2

    Minimum Deposit

    $250

    Start Trading



    XM Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    XM review


    XM Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    XM review 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
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    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 cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $5

    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:

    Overal 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:


    best cfd broker
    Pros

    Free withdrawal and no cost for deposit

    Low CFD fees

    Comprehensive Educational Materials

    Opening account is fast and seamless


    best cfd broker
    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

    $5

    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

    XM

    XTB

    eToro

    S&P 500 CFD

    $2.4

    $2

    $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

    XM

    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, 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

    $5

    Open Account

    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.



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

    Currency pairs:

    57

    Stock index CFDs:

    18

    Stock CFDs:

    1200

    ETF CFDs:

    ---

    Commodity CFDs:

    15

    Bond CFDs:

    --

    Future CFDs:

    --

    Crypto:

    5


     

    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 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.

    XM review
    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

    $5

    Start Trading



    AvaTrade Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    AvaTrade review


    AvaTrade Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    AvaTrade review 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
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

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

    Account Fees:

    NO

    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:

    Overal Ranking:

    3.95 / 5

    Deposit & Withdrawal Type:

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

    Open Account

    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.


    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:


    best cfd broker
    Pros

    Low Trading fee and free withdrawal

    Multiple base currencies

    Customizable Charts

    Regulated in many countries


    best cfd broker
    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

    XM

    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

    XM

    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, 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

    Open Account

    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.



    best forex broker Open Account Tip: You can not change the default leverage level of the products.

    Currency pairs:

    56

    Stock index CFDs:

    20

    Stock CFDs:

    630

    ETF CFDs:

    5

    Commodity CFDs:

    17

    Bond CFDs:

    2

    Future CFDs:

    --

    Cryptos:

    17


    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.

    Avatrade account

    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 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



    XTB Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    XTB review


    XTB Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    XTB review 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)
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    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 cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    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:

    Overal 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:


    best cfd broker
    Pros

    Free and no cost deposit and withdrawal

    Low forex fees

    Low stock index CFD fees

    Opening account is fast and seamless


    best cfd broker
    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

    IG

    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

    IG

    eToro

    US Stock

    $10.0

    $15

    $0

    UK Stock

    $10.0

    $9.6

    $0

    German Stock

    $8.8

    $11

    $0.0


    Forex Scenario

    Benchmark Fee

    XTB

    IG

    eToro

    EURUSD

    $15.0

    $16.9

    $19.6

    GBPUSD

    $11.1

    $15.1

    $16.2

    AUDUSD

    $10

    $14.1

    $12.4

    EURCHF

    $6.6

    $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, 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

    Open Account

    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.



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

    Currency pairs:

    49

    Stock index CFDs:

    42

    Stock CFDs:

    1700

    ETF CFDs:

    103

    Commodity CFDs:

    18

    Bond CFDs:

    3

    Future CFDs:

    --

    Cryptos:

    25


     

    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 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.

    XTB review

    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.

    XTB review
    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



    IG Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    XTB review


    IG Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    IG review 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 cfd broker
    Best online CFD broker
    No Minumum Deposit
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $0

    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:

    Overal Ranking:

    4.7 / 5

    Deposit & Withdrawal Type:

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

    Open Account

    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.


    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:


    best cfd broker
    Pros

    Free deposit and no cost withdrawal

    Low forex fees

    Decent Customer Service

    Good Online Trading Platform


    best cfd broker
    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

    $0

    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

    IG

    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

    IG

    XTB

    eToro

    US Stock

    $15

    $10

    $0

    UK Stock

    $9.6

    $10

    $0

    German Stock

    $11

    $8.8

    $0


    Forex Scenario

    Benchmark Fee

    IG

    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, 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

    $0

    Open Account

    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.



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

    Currency pairs:

    95

    Stock index CFDs:

    68

    Stock CFDs:

    10,500

    ETF CFDs:

    1900

    Commodity CFDs:

    47

    Bond CFDs:

    13

    Future CFDs:

    --

    Cryptos:

    8


     

    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 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.

    IG review

    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.

    XTB review
    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

    $0

    Start Trading




    Plus500 Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    plus500 review


    Plus500 Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    plus500 review 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 cfd broker
    Best online CFD & FX broker
    (Great User Experience)
    Trade Now

    Account Fees:

    NO

    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:

    Overal Ranking:

    4.5 / 5

    Deposit & Withdrawal Type:

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

    Open Account

    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.


    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:


    best cfd broker
    Pros

    Free deposit and 5 withdrawal per month

    Low forex trading fees

    Decent Customer Service

    Updated Online Trading Platform


    best cfd broker
    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

    $9

    $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, 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

    Open Account

    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.



    best forex broker Trade Online Now

    Currency pairs:

    70

    Stock index CFDs:

    33

    Stock CFDs:

    1800

    ETF CFDs:

    92

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    14


     

    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 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.

    plus500 review

    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



    Pepperstone Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    Pepperstone review


    Pepperstone Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    Pepperstone review Pepperstone Review:
    Best CFD & Forex Broker in 2020 (Low Fees)


    As one of the best FX & CFD brokers in 2020, Pepperstone, an Australia based online broker was established in 2010, and later expanded to London in 2015. The company is regulated in both markets under the Financial Conduct Authority (FCA) in the United Kingdom and Australian Securities and Investments Commission (ASIC).

    The portfolio of products and services that Pepperstone offers are not very comprehensive and limited to CFD and Forex. 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 Pepperstone as an option for:

  • Low trading fee online broker
  • Safe Online broker
  • Best Forex Broker
  • Top CFD Broker
  • Pepperstone pros and cons

    Apart from regulation that we talked about, online trading platform that Pepperstone offers to you as a trader is MetaTrader and very well known among traders. It's comprehensive, and customizable. Pepperstone in offering fair educational materials such as webinars. Additionally you will have a demo account to practice.

    The index fees that they charge for forex and equity are pretty low. The bright side is their decent customer support too. Additionally, you can deposit at no cos.
    There is always a flip side of the coin and it is Pepperstone's limited offers and portfolio (Mostly Forex & CFD).
    If you wish to compare Pepperstone with other alternativve online Brokers, click here, otherwise keep reading.



    best cfd broker
    Best online CFD & FX broker
    (Low Fee, No Min Deposit)
    Trade Now

    Account Fees:

    No

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free in UK & Australia

    Investor Protection:

    £85,000 for EU residents

    Regulated:

    YES, UK, Australia

    Customer Support:

    Live Chat, Email, Phone

    Demo Account:

    YES

    Trading Options:

    Forex FX, CFD, Crypto

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.5 / 5

    Deposit & Withdrawal Type:

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

    Open Account

    Pepperstone Pros and Cons

    Apart from regulation that we talked about, online trading platform that Pepperstone offers to you as a trader is MetaTrader and very well known among traders. It's comprehensive, and customizable. Pepperstone in offering fair educational materials such as videos and webinars. Additionally you will have a demo account to practice.

    The index fees that they charge for forex and equity are pretty low. The bright side is their decent customer support too. Additionally, you can deposit at no cos.
    There is always a flip side of the coin and it is Pepperstone's limited offers and portfolio (Mostly Forex & CFD).

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


    How Much is Pepperstone 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 0.4 average spread cost, which is considered to be low.
    ✓ For EURUSD the fee is MT4 ECN Razor pricing: $3.760.6 for every lot in every trade. and 0.16 pip average spread cost, which is considered to be low.
    ✓ For GBPUSD the fee is MT4 ECN Razor pricing: $3.760.6 for every lot in every trade. and 0.49 pip average spread cost, which is considered to be low.
    ✓ There is no inactivity fee.


    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:


    best cfd broker
    Pros

    Free deposit fee

    Low trading & non trading fees

    Decent Customer Service

    No minimum deposit


    best cfd broker
    Cons

    24/7 Support is not available

    Portfolio is limited to CFD & Forex

    No educational videos



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked Pepperstone fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: IC Markets and Fusion 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.
    Pepperstone is very transparent with its trading fees.
    If you wish to withdraw through banks outside Australia and Europe, you ought to pay $20 as a fix fee.
    In cases where you withdraw any amount less than the minimum withdrawal amount of $100 in Pepperstone, 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.

    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Trade Now

    Pepperstone Trading fees

    Pepperstone, 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 Pepperstone'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 Pepperstone's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    CFD Fees

    Pepperstone

    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

    Pepperstone

    eToro

    XTB

    EURUSD

    $17.9

    $19.6

    $15

    GBPUSD

    $14

    $16.2

    $11.1

    AUDUSD

    $12.6

    $12.4

    $10

    EURCHF

    $9

    $11.8

    $6.6

    EURGBP

    $14.4

    $19.9

    $9.9


    To start trading Pepperstone 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 Pepperstone offers a demo account to practice.


    Pepperstone's Online Trading Platform

    Pepperstone 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.

    Pepperstone 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 Pepperstone 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 Pepperstone 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, Pepperstone customer support team responds fast via email (but they do not answer Phone calls). They have a live chat and offer help in English.

    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Open Account

    What can you trade on Pepperstone

    Products, Portfolio and Markets

    The trading options that are available to you at Pepperstone 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.



    best forex broker Trade Online Now

    Currency pairs:

    70

    Stock index CFDs:

    33

    Stock CFDs:

    1800

    ETF CFDs:

    92

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    14


     

    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 Pepperstone.


    Citizens of most countries are allowed to open account, however, Pepperstone, 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 Pepperstone. 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 Pepperstone.

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

    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.

    Pepperstone account opening

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on Pepperstone 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 Pepperstone, It's kinda easy and you can see a structured cash flow and other financial related reports.
    The inhouse team does a good job by providing analysis, and market reports that can help you make better decisions.

    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).
    Pepperstone 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 31 technical analysis (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. This broker does not offers both Trading ideas & Fundamental data. As for trading ideas, they are using autochartist.com.

    Our Take


    After careful evaluation, we believe Pepperstone 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 Pepperstone'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, Pepperstone 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


    Pepperstone

    Best Online broker for CFD, Forex (Low Fee)


    4.5

    Minimum Deposit

    $100

    Start Trading



    Fusion Markets Review 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    Fusion Markets review


    Fusion Markets Review 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    Fusion Markets review 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
  • You can also find other options for CFD trading by reviewing our list of best CFD brokers in Ireland that our editorial team has reviewed this month, alongside other online brokers.

    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 cfd broker
    Best discount broker for Forex
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free

    Investor Protection:

    No

    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:

    Overal Ranking:

    4.05 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    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.


    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:


    best cfd broker
    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


    best cfd broker
    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

    $0

    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

    $7

    $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, 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

    $0

    Open Account

    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.



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

    Currency pairs:

    86

    Stock index CFDs:

    12

    Stock CFDs:

    ---

    ETF CFDs:

    ---

    Commodity CFDs:

    15

    Bond CFDs:

    ---

    Future CFDs:

    ---

    Cryptos:

    4


     

    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.

    Fusion Markets review

    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.

    Fusion Markets review
    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

    $0

    Start Trading