List of best regulated brokers

I’ve seen many threads on - list of best offshore brokers and I’ve always thought why not one for the regulated brokers. Many of us around here are not comfortable going offshore, so I’ve come up with a list of brokers those I found offering the best conditions.


NOTE:
I am always open to opinions from you guys so that we can help one each other out.
Also, the spreads are based on EURUSD and GBPUSD, according to their website + myfxbook spreads.
The information that I have listed is taken from their respective websites. In some cases, I wasn’t able to retrieve such, so please feel free to correct me.
I’ll add more brokers on the go. You can also suggest, talk about brokers here. As seems fit, I will add them to the list.


AAAFX
Website: https://aaafx.com/
Type: ECN
Regulators: HCMC (Greece), SVG
Instruments: Forex, Cryptocurrencies, Commodities, Stocks, Indices
Trading Platforms:
Account Type: 3 - ECN, ECNplus, ECNzulu
Trading Platforms: MT4, MT5 and ActTrader
Crypto Trading: Yes
Spreads: Starting from 0.1 pips
Commission: $0.99 for ECN, $0 for ECNplus, $10 for ECNzulu
Leverage: Upto 500x
Minimum Deposit: $10
Bonus: 100% Deposit Bonus
BTC Deposit and Withdrawal: Yes
Accept US Clients: NO


AVATRADE
Website: https://www.avatrade.com
Type: Market Maker
Regulators: CySEC, MiFID, ASIC, BVIFSC, FSA, FFAJ, FSCA, FRSA, ADGM, ISA
Instruments: Forex, Stocks, Commodities, Indices, ETFs, Bonds, Cryptocurrencies
Account Type: 5 - Standard account, Retail account, Professional account, Options account, Spread Betting account
Trading Platforms: Web Trader, MT4, MT5, Automated Trading
Crypto Trading: Yes
Spreads: From 0.8 pips onwards
Commission: No Commission
Leverage: Up to 400x; Cryptos - Up to 2x for EU & 25x for Non-EU
Minimum Deposit: 100 USD
Bonus: 20% Deposit Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: NO


BDSWISS
Website: https://global.bdswiss.com
Type: ECN
Regulators: FSA, FSC, CySEC, BaFin
Instruments: Forex, Indices, Shares, Commodities, Cryptocurrency
Account Type: 4 - Cent Account, Classic Account, VIP Account, RAW Account
Trading Platforms: MT4, MT5 and BDSwiss platform
Crypto Trading: Yes
Spreads: Cent (From 1.5 pips), Classic (From 1.5 pips), VIP (From 1.1 pips), RAW (From 0.0 pip)
Commission: $0 for Cent, Classic, VIP and $5 RT for RAW
Leverage: Upto 500x; Cryptos - Up to 5x
Minimum Deposit: 100 USD
Bonus: 30% Deposit Bonus
BTC Deposit and Withdrawal: Yes; $100
Accept US Clients: No


eTORO
Website: https://www.etoro.com
Type: Market maker
Regulators: CySEC, ASIC, FCA, Seychelles
Instruments: Forex, Stocks, Commodities, Indices, ETFs, Cryptocurrencies
Account Type: Market Maker
Trading Platforms: eTORO platform
Crypto Trading: Yes
Spreads: From 1 pip onwards
Commission: No Commission for Stock Trading
Leverage: Up to 30x; Crypto - Upto 2x
Minimum Deposit: 50 USD
Bonus: $50 Welcome Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: YES


FBS
Website: https://fbs.com
Type: NDD
Regulators: CySEC, ASIC, IFSC, FSCA
Instruments: Forex, Metals, Indices, Energies, Stocks, Forex Exotic, Cryptocurrency
Account Type: - 6 - Standard account, Cent account, Micro account, Zero Spread account, ECN account, Crypto account
Trading Platforms: FBS trader, MT4 and MT5
Crypto Trading: Yes
Spreads: Floating (0.2 pips), Fixed (3 pips)
Commission: $6
Leverage: Up to 3000x
Minimum Deposit: $5; Crypto - Upto 5x
Bonus: 100% Deposit Bonus, Level-up bonus, Cashback, Loyalty Program
BTC Deposit and Withdrawal: No
Accept US Clients: NO


FOREXdotcom
Website: https://www.forex.com
Type: Market Maker
Regulators: CIMA
Instruments: Forex, Indices, Stocks, Commodities, Gold and Metals, Cryptocurrencies, Oil
Account Type: 3 - Standard Account, Commission Account, DMA Account
Trading Platforms: MT4, MT5. FOREX.com platform
Crypto Trading: Yes
Spreads: Starting from 0.1 pips
Commission: 10 USD per standard lot round turn
Leverage: Upto 400x; Cryptos - 4x
Minimum Deposit: 100 USD
Bonus: 20% Welcome Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: Yes


FXCM
Website: https://www.fxcm.com
Type: ECN
Regulators: FCA
Instruments: Forex, Shares, Indices, Commodities, Cryptocurrencies
Account Type: 1 - Active Trader account
Trading Platforms: MT4, Trading Station, Ninja Trade, TradingView, Capitalise-ai
Crypto Trading: Yes
Spreads: From 1.6 pips
Commission: Included in spreads
Leverage: Up to 400x; Cryptos - Upto 4x
Minimum Deposit: 300 USD for EU (50 USD for Non-EU)
BONUS: $25 Switch Bonus
BTC Deposit and Withdrawal: Yes; $50
Accept US Clients: NO


FXPRO
Website: https://www.fxpro.com
Type: NDD Broker
Regulators: CySEC, FCA, FSCA, SCB
Instruments: Forex, Futures, Indices, Shares, Metals, Energies, Cryptocurrencies
Account Type: 3 - Standard account, VIP account, Swap Free account
Trading Platforms: MT4, MT5, cTrader, FxPro Trading Platform
Crypto Trading: Yes
Spreads: From 0.3 pips
Commission: 9 USD per standard lot round turn
Leverage: Up to 200x; Crypto - Upto 20x
Minimum Deposit: 100 USD to 1000 USD
BONUS: None
BTC Deposit and Withdrawal: No
Accept US Clients: NO


FXVIEW
Website: https://www.fxview.com/global/
Type: STP/ECN Execution
Regulators: CySEC, FCA, SVG, BaFin, ACPR, CONSOB, CNVM, Finanstilsynet, DFSA, FSA, MFSA, FSC
Instruments: Forex, Indices, Commodities, Stocks, Cryptocurrencies
Account Type: 2 - Raw ECN Account, Islamic Account
Trading Platforms: MT4, MT5, ActTrader
Crypto Trading: Yes
Spreads: Starting from 0.0 pips
Commission: 2 USD per standard lot round turn
Leverage: Up to 500x; Cryptos - Up to 10x
Minimum Deposit: 50 USD
BONUS: 100% Deposit Bonus, Loyalty Program
BTC Deposit and Withdrawal: Yes; $5
Accept US Clients: NO


HOTFOREX
Website: https://www.hotforex.com
Type: STP-NDD
Regulators: FCA, SV, FSA, FSCA, DFSA
Instruments: Forex, Metals, Energies, Indices, Shares
Account Type: 6 - Micro Account, Premium Account, Zero Spread Account, Auto Account, PAMM(Premium) Account, HFCOPY Account
Trading Platforms: MT4, MT5, HFM App
Crypto Trading: No
Spreads: From 0.1 pips onwards
Commission: 6 USD per standard lot round turn
Leverage: Up to 500x; Crypto - N/A
Minimum Deposit: 100 USD
BONUS: 50% Welcome Bonus, 100% Super Charged Bonus, 100% Credit Bonus, Loyalty Programs
BTC Deposit and Withdrawal: Yes; $5
Accept US Clients: NO


HYCM
Website: https://www.hycm.com
Type: Market Maker
Regulators: CySEC, FCA, CIMA, DIFC, SV
Instruments: Forex, Stocks, Indices, Commodities, Cryptocurrencies
Account Type: 3 - Fixed Account, Classic Account, Raw Account
Trading Platforms: MT4, MT5
Crypto Trading: Yes
Spreads: From 0.4 pips
Commission: 4 USD per standard lot round turn
Leverage: Up to 500x; Crypto - Upt 5x
Minimum Deposit: 100 USD
BONUS: 10% Deposit Bonus
BTC Deposit and Withdrawal: Yes; $30
Accept US Clients: NO


IC MARKETS
Website: https://www.icmarkets.com
Type: ECN
Regulators: CySEC, FSA, ASIC, SCB
Instruments: Forex, Commodities, Indices, Bonds, Digital Currencies, Stocks, Futures
Account Type: 3 - Standard Account, Raw Spread Account (MetaTrader), Raw Spread Account (cTrader)
Trading Platforms: MT4, MT5, cTrader
Crypto Trading: Yes
Spreads: From 0.0 pips
Commission: 6 USD per standard lot round turn
Leverage: Up to 500x; Crypto - Upto 5x
Minimum Deposit: 200 USD
BONUS: None
BTC Deposit and Withdrawal: No
Accept US Clients: NO


IG
Website: https://www.ig.com
Type: NDD broker
Regulators: FCA
Instruments: Forex, Shares, Indices, Commodities,Cryptocurrency, Weekend Trading, Volatility Trading, Knock-Outs Trading, Market Data
Account Type: 1 - CFDs Trading Account
Trading platforms: MT4, ProRealTime
Crypto Trading: Yes
Spreads: From 0.8 pips
Commission: Included in spreads
Leverage: Up to 50x; Crypto - 10x
Minimum Deposit: For card payment (300 USD), Bank transfer (0)
BONUS: None
BTC Deposit and Withdrawal: No
Accept US Clients: YES


PEPPERSTONE
Website: https://pepperstone.com
Type: ECN
Regulators: FCA, ASIC, DFSA
Instruments: Forex, Indices, Commodities, ETFs, Shares, Cryptocurrencies
Account Type: 2 - Razor ECN Account, Standard Account
Trading platforms: Mt4, Mt5. cTrader, Social Trading, capitalise.ai, Maintenance schedule
Crypto Trading: Yes
Spreads: From 0.8 pips
Commission: 7 USD per standard lot round turn
Leverage: Up to 200x; Cryptos - Upto 10x
Minimum Deposit: 200 AUD
BONUS: None
BTC Deposit and Withdrawal: No
Accept US Clients: NO


ROBOFOREX
Website: https://roboforex.com
Type:
Regulators: FSC
Instruments: Forex, Stocks, Indices, Commodities, ETFs, Energies, Metals, Cryptocurrencies
Account Type: 5 - Prime, ECN, R StocksTrader, Pro, ProCent
Trading Platforms: R MobileTrader, R WebTrader, R StocksTrader, MT4, MT5, cTrader
Crypto Trading: Yes
Spreads: Floating from 0 pips
Commission:
Leverage: Up to 2000x
Minimum Deposit: 10 USD
BONUS: Welcome Bonus, Classic Bonus, Profit Sharing Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: NO


TICKMILL
Website: https://www.tickmill.com
Type: ECN
Regulators: FCA, CySEC, FSCA
Instruments: Forex, Stocks, Oils, Metals, Bonds, Cryptocurrencies
Account Type: 3 - Pro Account, Classic Account, VIP Account
Trading platforms: MT 5, MT4, Tickmill Mobile App
Crypto Trading: Yes
Spreads: starting from 1.6 pip
Commission: Classic Account (Include in spreads), Pro Account - (4 USD per standard lot round turn), VIP (2 USD per standard lot round turn)
Leverage: Up to 500x; Cryptos - 10x
Minimum Deposit: 100 USD
BONUS: $30 Welcome Bonus, 10% Deposit Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: NO


VANTAGE MARKETS
Website: https://www.vantagemarkets.com
Type: STP/ECN
Regulators: CySEC, ASIC, FSG, CIMA, SIBL, VFSC
Instruments: Forex, Commodities, Indices, Shares
Account Type: 3 - Standard STP Account, Raw ECN Account, Pro ECN Account
Trading platforms: Vantage App, MT 4, MT 5, ProTrader
Crypto Trading: No
Spreads: Starting from 0.0 pips
Commission: Raw ECN Account - (6 USD per standard lot round turn), Pro ECN Account (4 USD per standard lot round turn)
Leverage: 500x
Minimum Deposit: $200
Bonus: 50% Deposit Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: No


XM
Website: https://www.xm.com
Type: STP
Regulators: IFSC, CySEC
Instruments: Forex, Stock CFDs, Commodities, Indices, Metals, Energies, Shares
Account Type: 4 - Micro Account, Standard Account, XM Ultra Low Account, Shares Account
Trading platforms: MT4, MT5, XM App
Crypto Trading: Yes
Spreads: From 0.6 pips onwards
Commission: (0)
Leverage: Up to 888x; Cryptos - Up to 250x
Minimum Deposit: 5 USD
BONUS: 20% Deposit Bonus, XM Loyalty Program
BTC Deposit and Withdrawal: No
Accept US Clients: NO


XTB
Website: https://www.xtb.com
Type: STP
Regulators: FCA, KNF, CySEC and IFSC
Instruments: Forex, Stock CFDs, Commodities, Indices, ETF CFDs, Cryptocurrency
Account Type: 2 - Standard Account, Swap Free Account.
Trading Platforms: xStation5 platform
Crypto Trading: Yes
Spreads: Standard (From 0.9 pips), Pro (From 0.1 pips)
Commission: Included in spreads
Leverage: Up to 500x; Cryptos - Up to 5x
Minimum Deposit: 0
BONUS: 50% Welcome Bonus, No Cash Bonus
BTC Deposit and Withdrawal: No
Accept US Clients: NO

12 Likes

Nice bunch of brokers you’ve chosen, here are some more names you can add:
FXTM
FBS
CityIndex
Plus 500

3 Likes

Been trying to check out some other brokers, so this thread is going to be useful! Thanks for making one.

1 Like

Thanks, will check them out.

Glad to hear that!

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Are these all for US only? :slight_smile:

I didn’t consider the US for that. Most of the regulations are more focused on Europe, with some extent to other countries like AUS, NZ and more. Did a quick check and from the list, IG is the one accepting the US clients. But thanks for pointing it out, I’ll add a title for it too.

3 Likes

Hey @no_frame, as for IG, the info u skipped about its type, they are market marker.

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Ah, thanks for this. I just had a live chat with customer support, IG is basically a NDD broker.
image_2021_09_06T08_23_08_863Z

2 Likes

There is no such thing as an “NDD” broker. It’s just marketing jargon.

Every retail broker has a dealing desk because it has to take the opposite of your trade. Of course, they can source the quotes that they display to you from third parties and also hedge their trade with another counterparty, but for you, they are still your dealer.

For more info, check out our lesson, How to Choose a Forex Broker.

4 Likes

Oh I referred this site: IC Markets vs IG Head-To-Head Broker Comparison For 2021 it’s mentioned that ig is a market maker. Thanks for correcting me.

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I knew for the fact that NDD is basically either ECN, DMA or STP, but since they didn’t want to claim themselves as ECN broker, so it is fair to keep it as NDD broker. Thanks for the link, tho. Appreciate that!

Ah no issues. :+1:

Since they are always your counterparty, all retail forex brokers are market makers. They “make a market” for you to bet on FX rate fluctuations.

This is all explained here in our lesson, What Are You Actually Trading In Forex?

There’s no such thing as an “ECN broker”.

The reason why is explained in the lesson, Where Are Retail Forex Traders Actually Trading?

1 Like

IC Markets are offshore if you are not living in Australia.

avatrade are complete scammers

Oh? How so?

I haven’t really heard negative stuff about them, what went wrong?

I know many stories of withdrawals taking 3-4 days, sometimes longer and some people never getting withdrawals at all!

all the same, there are many more brokers on such a list, if you look for it, there are reliable options from new companies

Just came across this thread, pretty informative. Just wanna know which one is the best for scalping out of these?