FXCM Alternatives: Pepperstone & IC Markets

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

best cfd broker
Best discount broker for Forex Trading
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
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 ➞




FXCM 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 discount broker for Forex Trading
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
best cfd broker
Low Trading Fee Broker
Trade Now

Account Fees:

NO

Minimum deposit:

$360

Withdrawal Fees:

Free

Investor Protection:

£85,000 in Europe

Regulated:

YES, Australia, UK, South Africa

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 ➞




FXCM Review in 2020

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



FXCM review


FXCM Review in 2020

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


FXCM review FXCM Review:
Low Fee CFD broker in 2020


FXCM is one of the oldest brokerage firms and started offering trading service since 1999 and is owned by Jefferies Financial Group, an NYSE listed company. They managed to maintain a good reputation as one of the Australian Brokerage firms with focus on FX Forex and CFD trading.
FXCM is also regulated by FCA in UK and in South Africa.

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

  • Low Trading Fee broker
  • Low Trading Fee Broker
  • Best online broker for beginners
  • Decent Research provides
  • You can also find other options and review the best forex brokers or glance through our list of best CFD brokers that our editorial team has reviewed this month, alongside other online brokers.

    FXCM Pros and Cons

    To put is simply, FXCM 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). The mobile trading app is not good but on the other hand, the desktop paltform 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 3 different base currencies.



    best cfd broker
    Low Trading Fee Broker
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $360

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 in Europe

    Regulated:

    YES, Australia, UK, South Africa

    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

    FXCM Pros and Cons

    To put is simply, FXCM offers CFD FX and Cryptocurrencies with 3 base currencies. 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, yet it takes up to 3 days to clear.


    How much is FXCM 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 0.38 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 1.2 pips average spread cost, which is not that low.
    ✓ For GBPUSD the fee is 1.8 pips average spread cost, which is considered to be low.
    ✓ There is a $50 inactivity fee that charges after 12 months.


    Some other positive points are:


    best cfd broker
    Pros

    Good Customer Support & seamless account opening

    Offers Negative balance protection

    Low Forex Fee

    Education is Great for beginners


    best cfd broker
    Cons

    Slow withdrawal process

    No Stock CFDs and limited portfolio

    Web trading platform is not user friendly

    No Fundamental Data



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked FXCM 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.

    FXCM

    Low Trading Fee Broker


    3.85

    Minimum Deposit

    $360

    Trade Now

    FXCM Trading fees

    FXCM, which is primarily known as a FX & CFD broker offers low trading fee offers to online brokers. 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 FXCM'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 FXCM's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    FXCM

    Pepperstone

    Fusion Markets

    S&P 500 index CFD fee

    $2.2

    $2.0

    $1.7

    Europe 50 index CFD fee

    $1.6

    $1.6

    $2.2


    Forex Scenario

    Benchmark Fee

    FXCM

    Pepperstone

    Fusion Markets

    EURUSD

    $16.5

    $14.9

    $12.8

    GBPUSD

    $13

    $12.5

    $9.4

    AUDUSD

    $17.3

    $11.9

    $7.4

    EURCHF

    $4.6

    $3.7

    $2

    EURGBP

    $12.2

    $10.6

    $7


    One good thing about FXCM is that it operates in majority of countries with $360 minimum deposit, If you are from these countries, (USA, Japan, Brazil, Turkey, Iran, Cuba, Sudan, Syria or North Korea) you might want to find another broker from our list.
    At FXCM, you are allowed to choose from these 3 base currencies: GBP, EUR, USD.

    To start trading FXCM 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.


    FXCM 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, In fact, we did not like the mobile trading app. On the contrary, since they use MetaTrader and 3 other platforms: Trading Station, Ninja Trader, and Zulutrade, it enables you to fully customize your reports and use it in different languages.
    The UI & UX of FXCM 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 FXCM trading platform is powered by MetaTrader 4, 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, FXCM customer support team respond at normal pace via email, but they do a good job on phone calls or live chat. By the way, they have not established a 24/7 support process (So you can not count on weekends).
    This brokerage have a live chat and offer help in English and the good thing about it is short time queues.

    FXCM

    Low Trading Fee Broker


    3.85

    Minimum Deposit

    $360

    Open Account

    What can you trade on FXCM

    Products, Portfolio and Markets

    The options that are available to you at FXCM 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 FXCM 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.

    Currency pairs:

    39

    Stock index CFDs:

    14

    Stock CFDs:

    --

    ETF CFDs:

    --

    Commodity CFDs:

    10

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    5



    How to open account on FXCM.


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

  • The first type is Individual Standard account with higher spreads in compare with Individual active trader account.
  • There is also joint account or if you want to join as a company, you can use corporate account to begin trading.


  • You can expect a very easy, smooth and professional process to open your account with FXCM. 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 FXCM.

    Performance Tracking

    Tip about away times:
    You can not set price alerts and notifications on FXCM platforms
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications, Including price alert and order notification.
    Please bear in mind that they offer trading ideas but nothing on fundamental data is offered by FXCM.
    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 FXCM, It's kinda easy and you can see a clear profit/loss or commissions paid reports.
    FXCM account


    Finally, Research & Education

    They managed to provide a good quality new feed, however if you want to use the research tools, you have to switch to FXCM Plus. 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 FXCM 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).


    Our Take


    Overall FXCM is considered to be a safe, and regulated especially in Australia and Europe. 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 charge inactivity fee and do not allow you to change leverage which is a fall back. On the other hand, it offers low fee trading fee options for 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, there is $360 minimum deposit.


    FXCM

    Top Low Trading Fee Broker


    3.85

    Minimum Deposit

    $360

    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 and review the best forex brokers or glance through our list of best CFD brokers 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.



    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.


    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

    Trade CFD Now

    What can you trade on Fusion Markets

    Products, Portfolio and Markets

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

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

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



    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



    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.

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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