AxiTrader Alternatives: Pepperstone & IC Markets

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


Side by side comparison: (Fees, Account Opening, Online Trading Platform, and more...)
For detailed comparison Tap here ➞

best cfd broker
Low Forex Fee Broker
Trade Now

Account Fees:

NO

Minimum deposit:

$200

Withdrawal Fees:

Free

Investor Protection:

No

Regulated:

YES, Australia

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:

3.85 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit or debit card, Electronic wallets

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




AxiTrader Alternatives: Pepperstone & IC Markets

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

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





For detailed comparison, click here ➞

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
best cfd broker
Best broker for
FX Forex & CFD (Low Trading Fees)
Trade Now

Account Fees:

NO

Minimum deposit:

$0

Withdrawal Fees:

Free

Investor Protection:

£85,000 for European Clients

Regulated:

YES, Dubai, Australia

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.35 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card*, Electronic wallets

Open Account
best cfd broker
Low Forex Fee Broker
Trade Now

Account Fees:

NO

Minimum deposit:

$200

Withdrawal Fees:

Free

Investor Protection:

No

Regulated:

YES, Australia

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:

3.85 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit or debit card, Electronic wallets

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




AxiTrader Review in 2020

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



axitrader fees


AxiTrader Review in 2020

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


axitrader review AxiTrader Review:
Low Trading Fee CFD & Forex broker


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

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

  • Best FX Forex broker
  • Best CFD broker
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    AxiTrader Pros and Cons

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

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

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

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



    best cfd broker
    Best broker for
    FX Forex & CFD (Low Trading Fees)
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 for European Clients

    Regulated:

    YES, Dubai, Australia

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.35 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card*, Electronic wallets

    Open Account

    AxiTrader Pros and Cons

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

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

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

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


    How much is AxiTrader Fees

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


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


    best cfd broker
    Pros

    CFD Fees = Low

    Forex Fees = Low

    Non-Trading Fees = Minimum

    Withdrawal Fee = None


    best cfd broker
    Cons

    Limited portfolio of offers (Only CFD,. Forex)

    Investment protection is not available in all countries




    Trading Vs Non-Trading fees

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

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

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

    AxiTrader

    Best Online broker for FX Forex & CFD


    4.35

    Minimum Deposit

    $0

    Trade Now

    AxiTrader Trading fees

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


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


    CFD Scenario

    AxiTrader

    Pepperstone

    IC Markets

    S&P 500 index CFD fee

    $1.7

    $2.0

    $2.5

    Europe 50 index CFD fee

    $1.2

    $1.6

    $1.9


    Forex Scenario

    Benchmark Fee

    AxiTrader

    Pepperstone

    IC Markets

    EURUSD

    $13.8

    $14.9

    $15.8

    GBPUSD

    $11.6

    $12.5

    $12.1

    AUDUSD

    $9.5

    $11.9

    $10.6

    EURCHF

    $1.1

    $3.7

    $4.8

    EURGBP

    $11.0

    $10.6

    $9.9


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


    AxiTrader's Online Trading Platform

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

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

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



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

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

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

    AxiTrader

    Best Online broker for FX Forex & CFD


    4.35

    Minimum Deposit

    $0

    Trade CFD Now

    What can you trade on AxiTrader

    Products and Markets

    The options that are available to you at AxiTrader are:

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

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



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

    Currency pairs:

    80

    Stock index CFDs:

    11

    Stock CFDs:

    ---

    ETF CFDs:

    ---

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    6


     

    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 this 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 AxiTrade Broker.


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

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

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

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

    axitrader account opening

    Performance Tracking

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


    Finally, Research & Education

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

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

    Our Take


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


    AxiTrader

    Best Online broker for CFD, Forex


    4.35

    Minimum Deposit

    $0

    Start Trading



    IC Markets 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



    IC Markets review


    IC Markets 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


    IC Markets review IC Markets Review:
    The best Low Fee CFD broker in 2020


    IC Markets started offering online trading service since 2007 and managed to maintain a good reputation as one of the Australian Brokerage firms with focus on FX Forex and CFD trading.
    IC Markets is only regulated by (ASIC) in Australia also known as Australian Securities and Investments Commission.

    Even though IC Markets is not publicly listed on any stock exchange, the company maintains a good reputation as a low fee trading platform
    Unfortunately their portfolio is not that strong and The services that IC Markets offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated IC Markets as an option for:

  • Low Non Trading Fee broker
  • Low Forex Fee broker
  • Decent broker for crypto
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    IC Markets Pros and Cons

    To put is simply, IC Markets 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 but Meta Trade is well known to all online traders). 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. They also allow you to choose 10 different base currencies.

    If you wish to see other options, you can easily compare IC Markets alternatives or keep on reading.



    best cfd broker
    Low Forex Fee Broker
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $200

    Withdrawal Fees:

    Free

    Investor Protection:

    No

    Regulated:

    YES, Australia

    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:

    3.85 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit or debit card, Electronic wallets

    Open Account

    IC Markets Pros and Cons

    To put is simply, IC Markets 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 but Meta Trade is well known to all online traders). 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. They also allow you to choose 10 different base currencies.

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


    How much is IC 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 0.6 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is $3.5 for each lot, which is considered to be low.
    ✓ For GBPUSD the fee is $3.5 for each lot, which is considered to be low.
    ✓ There is no inactivity.


    Some other positive points are:


    best cfd broker
    Pros

    Low Non Trading fee and free withdrawal

    Multiple base currencies

    Low Forex Fee

    Education is Great for beginners


    best cfd broker
    Cons

    Negative balance protection is not available

    No Investor Protection

    Web trading platform is not user friendly

    Markets are limited to CFD & FX



    Trading Vs Non-Trading fees

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

    IC Markets

    Low Forex Fee Broker


    3.85

    Minimum Deposit

    $200

    Trade Now

    IC Markets Trading fees

    IC Markets, 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 because trading real stocks, bonds or ETFs is not yet available.
    Let's deep dive and have a look at IC Markets'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 IC Markets's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    IC Markets

    Pepperstone

    Fusion Markets

    S&P 500 index CFD fee

    $2.5

    $2.0

    $1.7

    Europe 50 index CFD fee

    $1.9

    $1.6

    $2.2


    Forex Scenario

    Benchmark Fee

    IC Markets

    Pepperstone

    Fusion Markets

    EURUSD

    $15.8

    $14.9

    $12.8

    GBPUSD

    $12.1

    $12.5

    $9.4

    AUDUSD

    $10.6

    $11.9

    $7.4

    EURCHF

    $4.8

    $3.7

    $2

    EURGBP

    $9.9

    $10.6

    $7


    One good thing about IC Markets is that it operates in majority of countries with $200 minimum deposit.
    At IC Markets, you are allowed to choose from these 10 base currencies: SD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKD.

    • Your default Base currency is British Pound.
    To start trading IC 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, they offers a demo account to practice.


    IC Markets's Online Trading Platform

    Even though it offers all 3 trading platforms (Web trading platform, Desktop and Mobile trading 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 IC Markets 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 IC Markets trading platform is powered byMetaTrader, 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, IC Markets customer support team respond at normal pace via email, but they do a good job on phone calls. As for live chat, we did not like their approach as it was not that relavent. By the way, they have established a 24/7 support process (So you can count on weekends).
    This brokerage have a live chat and offer help in English and the good thing about it is short time queues.

    IC Markets

    Low Forex Fee Broker


    3.85

    Minimum Deposit

    $200

    Open Account

    What can you trade on IC Markets

    Products, Portfolio and Markets

    The options that are available to you at IC Markets are:

  • Crypto
  • Forex FX
  • CFD
  • 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 IC Marketsr 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 change the default leverage level.

    Currency pairs:

    60

    Stock index CFDs:

    16

    Stock CFDs:

    120

    ETF CFDs:

    --

    Commodity CFDs:

    23

    Bond CFDs:

    9

    Future CFDs:

    --

    Cryptos:

    10



    How to open account on IC Markets.


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

  • The first level is called True ECN with cTrader account with low spreads and $7.83 commission per lot
  • The Second type is called True ECN with MetaTrader account with low spreads and $7 commission per lot
  • The Standard account has no commissions but spreads are high
  • P.S All accounts is available for all account types.Then we have Premium trader with the same leverage but min deposit of 10,000 pound.


  • You can expect a very easy, smooth and professional process to open your account with IC Markets. All you need is an email or a social platform login
    You don't want to waste 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.
    Don't worry, you will be prompted with easy to use wizard for getting onboard with IC Markets.

    Performance Tracking

    Tip about away times:
    You can not set price alerts and notifications on IC Markets platforms
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications, but not price related.
    Please bear in mind that they offer trading ideas but nothing on fundamental data is offered by IC Markets.
    I will put it simply, whether you need a chart, or list of assets, you can easily generate it and track the performance of your portfolio in IC Markets, It's kinda easy and you can see a clear profit/loss or commissions paid reports.
    IC Markets account


    Finally, Research & Education

    Very simple: They don't have an in-house research team, but they manage to provide a good quality new feed. Alright, if you are looking a lot of materials to begin with, use 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 IC Markets is great and their news feeds is very good. Besides, 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). The last differentiating factor here is that IC markets offers API trading that a lot of professional traders don't get with other brokers


    Our Take


    Overall IC Markets is considered to be a safe, and regulated especially in Australia. Their negative side is on not having plenty of offers and only limited to CFD and FX and using an outdated platform (in terms of Design)). They do not charge inactivity fees and allow you to change leverage which is great. On the other hand, it offers low fee trading fee options for Forex trading but CFD Financial rates are high. 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, there is $200 minimum deposit.


    IC Markets

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


    3.85

    Minimum Deposit

    $200

    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
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    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).



    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).


    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

    Trade CFD Now

    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