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10 Best CFTC Forex Brokers

CFTC Regulated Forex Brokers

 

CFTC the Commodities & Futures Trading Commission CFTC is one of the most respected independent regulatory organizations in the world. The CFTC works as an independent regulatory organization of the US for financial companies which deals with futures contract and SWAPs, including commodities and Forex trading.

10 Best CFTC Forex Brokers Revealed (2022):

 

 

XM Group

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

 

Pros and Cons

✔️ Pros❌ Cons
Low stock CFD and withdrawal feesLimited product portfolio
Easy and fast account openingAverage forex and stock index CFD fees
Great educational toolsNo investor protection for non-EU clients

 

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDsForex trading is available on over 55 pairs, including the major USD, GBP, EUR, and JPY pairs.  Traders must take note that XM does not offer binary options or futures.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Negative Balance ProtectionMicro accountWire Transfer
Low SpreadsStandard accountCredit/Debit
Low CommissionXM Zero accountNeteller
Hedging AllowedQiwi
Scalping AllowedWebMoney

 

Customer Service is available via live chat, phone, and email support.

 

Forex Time (FXTM)

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295.  FXTM offers users seven different account types where the execution method, range of markets, available platform, and commissions and fees may vary.  Three accounts are offered under the Standard category.  Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2011Not ASIC Regulated
Regulated by CySEC
Minimum deposit from $10

 

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Offers STPMini accountPayoneer
Low min depositStandard accountNeteller
Offers Negative Balance ProtectionZero spread account
ECN account
Islamic account

 

Customer Service is available by phone, email, and online chat options – WhatsApp, live chat, Viber, Telegram, or Messenger.

 

Alpari

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Alpari with its long-standing brand history, numerous offices, range of account types, and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms.  Alpari is regulated by the FSC.

 

Pros and Cons

✔️ Pros❌ Cons
TransparentLimited Research Tools
Suitable to all trader types
No Deposit Fees

 

Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker.  The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
250 tradable assetsMicroWire Transfer
PAMM AccountsStandardCredit/Debit
ECNE-Wallets
Pro MT4Cryptocurrency

 

Customer Service is available via live chat, email, and phone service.

 

InstaForex

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

InstaForex is a global online brokerage that is registered and regulated in several offshore jurisdictions around the world, including the EU jurisdiction of Cyprus.

 

Pros and Cons

✔️ Pros❌ Cons
No requirements for a minimum depositHigh commissions on Forex market
Low commissions on CFDs on stocksLow diversity of available markets
Support of Islamic accounts
Wide selection of trading platforms

 

InstaForex allows traders to open an account with as little as $1 and Welcome bonuses may be on offer.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
PAMM AccountsInsta.StandardCredit Cards
Market AnalysisInsta.EuricaE-Wallets
Cent.StandardBitcoin
Cent.EuricaWire Transfer

 

Customer service is available 24 hours a day, with local phone numbers for nine countries, as well as through popular apps like Telegram, WhatsApp, Skype, and others channels.

 

AvaTrade

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting, and Social Trading and is a global broker with its head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC, and FCA.

 

Pros and Cons

✔️ Pros❌ Cons
Used by 200,000+ tradersDoesn’t offer VPS
Established in 2006Not FCA Regulated
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE, and BVI
Minimum deposit from $100

 

Those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquainted with the popular MT4 forex trading platform.  AvaTrade also offers mobile apps for Android and iOS.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Low min depositMini accountPayPal
Standard accountSkrill
Islamic accountPayoneer
Neteller

 

Customer support is available by email, phone, or live chat.

 

HFM

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

HotForex was established in 2007 and is well regulated by FCA, CySEC, DFSA, FSCA, and SFSA.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Regulated by CySECNot FCA Regulated

 

The HotForex MT5 Terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging, one-click trading, and 80+ technical indicators plus an in-built economic calendar.  The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingMicro accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard accountNeteller
Low min depositZero spread account
Offers Negative Balance ProtectionIslamic account

 

Customer support is available via phone and email.

 

Forex.com

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Forex.com is a platform that can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsDoes not offer VPS
Established in 1999Not ASIC Regulated
Regulated by FCA
Minimum deposit from $50

 

To open a live trading account, traders will need a minimum deposit of at least $50.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard account
Low min depositECN account
Islamic account

 

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

 

EasyMarkets

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:

 

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy-to-use forex trading platform

 

Pros and Cons

✔️ Pros❌ Cons
Segregates client fundsDoesn’t offer VPS
Established in 2003Limited range of instruments
Regulated by CySEC and ASICNot FCA Regulated
Minimum deposit from $1

 

The available trading platforms offered are MT4 and the EasyMarkets web platform.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMicro accountBank Transfer
Low min depositMini accountPayoneer
Guaranteed stop lossStandard accountNeteller
Offers Negative Balance ProtectionIslamic account

 

Customer Support is available 24/5 via various chat channels, email, phone, and web forms.

 

OctaFX

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

OctaFX is an online broker which was founded in 2011, offering Forex trading.  As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.  OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

 

Pros and Cons

✔️ Avantages❌ Inconvénients
Utilisé par 300,000+ tradersN'offre pas de VPS
Etabli en 2011Gamme limité d'instruments
Régulé par FSAPas régulé par FCA
DEPOT Minimum de $5

 

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Negative Balance ProtectionMicro accountWire Transfer
Low SpreadsStandard accountCredit/Debit
Low CommissionXM Zero accountNeteller
Hedging AllowedQiwi
Scalping AllowedWebMoney

 

Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp, and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

 

IG

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.

 

Pros and Cons

✔️ Pros❌ Cons
Used by 178,000+ tradersInactivity Fee
Established in 1974Limited range of instruments
Regulated by Financial Conduct Authority and ASIC
Minimum deposit from $250

 

The country of a trader’s residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs, and options.  Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.

 

Trading benefits

📊 Trading Features🔣 Accounts offered💰 Funding methods
Allows scalpingDemo accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard accountPayPal
Low min depositPayoneer
Guaranteed stop loss

 

Customer Service is available 24/7 via Phone, Live Chat, and Email.

 

Conclusion

 

International Forex traders may be highly apprehensive about trading with US-based Forex brokers, the CFTC is committed to the task at hand of keeping the integrity of the futures and financial market intact.

CFTC Forex brokers come with multiple benefits for the traders who choose them, as CFTC-regulated Forex brokers are required to stick to a strict code of conduct.  Other beneficial factors include Minimum Capital Requirements, Routine Auditing, and Ethical and No Conflict Of Interest.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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