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10 Best CySEC Forex Brokers

CySEC Regulated Brokers

 

The 10 Best CySEC Forex Brokers – Rated and Reviewed. We have listed the Best Forex Brokers regulated by The Cyprus Securities and Exchange Commission.

 

In this in-depth guide, you will learn:

 

  • The Best CySEC Forex Brokers – a List
  • Can CySEC be Trusted?
  • Which country is CySEC?

 

and much, MUCH more!

 

🔎 Broker🚀Open an Account⭐ Regulations💶 Min. Deposit
🥇 EightCap👉 Click HereASIC
FCA
CySEC
SCB
100 USD
🥈 Octa👉 Open AccountCySEC
MISA
FSCA
25 USD
🥉 XM👉 Open AccountFSC,
DFSA
CySEC
ASIC
FSCA
5 USD
🏅 FXPro👉 Open AccountFCA,
CySEC
FSCA
SCB
100 USD
🎖️ XTB👉 Open Account FCA
KNF
IFSC
CySEC
None
🥇 FBS👉 Open AccountFSC
CySEC
ASIC
5 USD
🥈 Pepperstone👉 Open AccountCMA
CySEC
DFSA
FCA
SCB
10 USD
🥉 HFM👉 Open AccountFSCA
CySEC
DFSA
FSA
FCA
FSC
CMA
None
🏅 Tickmill 👉 Open Account FCA
CySEC
FSA
100 USD
🎖️ AvaTrade 👉 Open AccountCBI
BVI FSC
ASIC
FSCA
JFSA
FFAJ
ADGM
CySEC
ISA
KNF
IIROC
100 USD

 

10 Best CySEC Forex Brokers

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

10 Best CySEC Forex Brokers (2025)

 

  1. ☑️ EightCap – Overall, the Best CySEC Regulated Forex Broker
  2. ☑️ Octa – The Best MetaTrader 5 Forex Broker
  3. ☑️ XM – Low Minimum Deposit Forex Broker
  4. ☑️ FxPro – The Best MetaTrader 4 Forex Broker
  5. ☑️ XTB – WSE Listed Forex Broker
  6. ☑️ FBS – Best Mobile Trading Experience
  7. ☑️ Pepperstone – Highly Regulated Forex Broker
  8. ☑️ HFM – Excellent Bonus Offers and Promotions
  9. ☑️ Tickmill – Best Overall Offering
  10. ☑️ AvaTrade – Popular Broker for Active Traders

 

Eightcap Review

 

1. EightCap

Eightcap is a trusted Forex and CFD broker that has been in operation since 2009, offering a broad selection of trading instruments, competitive spreads, and various account types. The broker is regulated by reputable authorities such as ASIC, FCA, CySEC, and SCB, ensuring a secure and dependable trading environment.

In addition to its regulatory standing, Eightcap provides excellent customer support, multiple deposit and withdrawal options, and access to powerful trading platforms like MetaTrader 4 and MetaTrader 5. These features make the broker suitable for both experienced traders and those just starting out. However, its regulatory coverage in certain regions may raise concerns for some traders.

 

🔎 Broker Name🥇 Eightcap
📌 Year Founded2009
📍 Publicly TradedNone
🛡️ RegulationASIC
FCA
CySEC
SCB
🌎 Country of RegulationAustralia
UK
Europe
Bahamas
🤓 Suited to Professionals✅Yes
😎 Suited to Active Traders✅Yes
💖 Suited to Beginners✅Yes
🥰 Most Notable BenefitLow spreads and access to a wide range of trading instruments
🥺 Most Notable DisadvantageLimited regulatory coverage (only regulated in Australia and SVG)
🔂 Account Segregation✅Yes
🪫 Negative Balance Protection✅Yes
🔋 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💴 Minor Account Currencies✅Yes
💶 Minimum Deposit100 USD
⏰ Average Deposit Processing TimeInstant (varies by method)
⏲️ Average Withdrawal Processing Time1-3 business days
💵 Fund Withdrawal FeeNo withdrawal fee
↪️ Spreads From0.0 pips
💵 CommissionsYes (depends on account type)
💷 Number of Base Currencies6
💳 Swap Fees✅Yes
🔖 LeverageUp to 500:1
🏷️ Margin RequirementsVaries by instrument and account type
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖱️ Order Execution Time0.1 seconds
💻 VPS Hosting✅Yes
🔢 Total CFDs Offered1,000+
📈 CFD Stock Indices✅Yes
🍊 CFD Commodities✅Yes
📉 CFD Shares✅Yes
📊 Deposit OptionsBank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin
💹 Withdrawal OptionsBank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin
⚙️ Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader
📌 OS CompatibilityWindows, MacOS, iOS, Android
📍 Forex Trading ToolsTechnical analysis tools, Expert Advisors (EAs), VPS hosting
🔊 Live Chat✅Yes
💌 Support Emailglobal@eightcap.com
☎️ Contact Number+61 3 8592 2375
🐦 Social MediaFacebook, Twitter, LinkedIn, YouTube
🗯️ LanguagesEnglish, Chinese, Arabic, Spanish, and others
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 EducationMarket analysis, guides, tutorials
🫰🏻 Affiliate Program✅Yes
🤝 IB Program✅Yes
🫶 Acts as Sponsor✅Yes
⭐ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, SCB, CySEC, FCA

Trading Platform

MT4, MT5, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅Pros❌Cons
Low Forex FeesLimited Product Selection
Quick Account ApplicationLimited Research
Free Deposit and WithdrawalLack of Investor Protections

 

Frequently Asked Questions

 

Is Eightcap a regulated broker?

Yes, Eightcap is regulated by several top-tier authorities, including ASIC, FCA, CySEC, and SCB. This provides a high level of security and trust for traders.

 

What trading platforms does Eightcap offer?

Eightcap offers MetaTrader 4 and MetaTrader 5, both of which are powerful, widely-used platforms with a variety of tools to help traders execute trades efficiently.

 

Can I trade a variety of instruments with Eightcap?

Yes, Eightcap provides access to a wide range of trading instruments, including Forex, CFDs, and other assets, allowing traders to diversify their portfolios.

 

Are there concerns about Eightcap’s regulatory coverage?

While Eightcap is regulated by reputable authorities, its regulatory coverage is limited in certain regions, which could be a concern for some traders looking for more extensive regulatory oversight.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, SCB, CySEC, FCA

Trading Platform

MT4, MT5, TradingView

Crypto

Yes

Total Pairs

45

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

Eightcap is a well-regarded broker with a strong reputation for offering low spreads, a wide variety of trading instruments, and access to popular trading platforms. Its strong regulatory backing in key regions and solid customer support make it a reliable choice for many traders.

 

Octa-Review

 

2. Octa

Founded in 2011, Octa is a reliable online broker regulated by authorities such as CySEC, MISA, and FSCA. With a strong emphasis on safety, it offers features like account segregation and negative balance protection. Octa provides a variety of account types, including institutional and managed accounts, with a low minimum deposit of just 25 USD.

 

🔎 Broker🥇 Octa
📌 Year Founded2011
📍 Publicly Traded (Listed Company)Not Publicly Traded
RegulationCySEC
MISA
FSCA
FSC
🌎 Country of RegulationCyprus
Comoros
South Africa
Mauritius
🛡️ Safety and SecurityHigh
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💱 Minor Account Currencies✅Yes
💴 Minimum Deposit25 USD
⏰ Average Deposit/Withdrawal Processing TimeVaries by method
💶 Fund Withdrawal FeeVaries by method
↪️ Spreads From0.0 pips
💵 CommissionsVariable
💷 Number of Base Currencies Supported30+
💳 Swap FeesVaries
⭐ LeverageUp to 1:500
📝 Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⚡ Order Execution TimeMicroseconds
🗂️ VPS HostingAvailable for some accounts
📊 CFDs Total300+
📈 CFD Stock Indices✅Yes
🍏 CFD Commodities✅Yes
📉 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
🖱️ Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5)
OctaTrader
💻 OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsTechnical indicators,
charting tools,
VPS hosting
🩷 Customer SupportMultiple Options
🥰 Live Chat Availability✅Yes
💌 Customer Support Email Addresssupport@octa.com
☎️ Customer Support Contact NumberVaries by region
⭐ Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
📈 Languages Supported on WebsiteMultiple Languages
📉 Forex Course✅Yes
📊 Webinars✅Yes
💹 Educational ResourcesArticles,
Guides,
Video tutorials
🤝 Affiliate Program✅Yes
👥 IB Program✅Yes
🏆 Sponsor Notable Events or Teams✅Yes
❤️ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Competitive SpreadsLimited
Cryptocurrency Options
Diverse Trading
Platforms
Potential for Wider
Spreads During High
Volatility
Variety of Account
Types
High Leverage Risks
Forex and CFDs
offered
Some account types
may incur fees on
withdrawals
Regulated by Multiple
Authorities
May offer fewer
advanced research
tools when Compared
Automated TradingNo clients from USA,
Canada, Belgium, or
others outside EU
Islamic Accounts
Available
Limited Product Range
for Some Asset
Classes
Comprehensive
Educational Resources
Inactivity Fees
Strong Customer
Support
Higher Spreads on
Certain Accounts

 

Frequently Asked Questions

 

What are the account types available at Octa?

Octa offers various account types, including institutional and managed accounts, along with Islamic and demo accounts.

 

What is the minimum deposit to start trading with Octa?

The minimum deposit required to open an account with Octa is 25 USD.

 

How long does it take to process withdrawals at Octa?

Withdrawal processing times at Octa vary depending on the chosen method.

 

Which trading platforms can I use with Octa?

Octa provides access to several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and OctaTrader, compatible with multiple operating systems.

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Our Verdict

Octa is an appealing choice for traders seeking a secure and versatile trading environment. With strong regulatory backing, a low minimum deposit, and extensive educational resources, it effectively caters to both novice and experienced traders. The combination of competitive trading conditions and robust customer support makes Octa a solid option for those looking to navigate the forex and CFD markets.

 

XM Review

 

3. XM

Established in 2009, XM is a prominent online broker regulated by multiple authorities, including ASIC and CySEC. With a strong workforce of over 450 employees and more than 5 million active traders globally, XM prioritizes safety and security through features like account segregation and negative balance protection.

The broker offers a low minimum deposit of just 5 USD, zero commissions on most accounts, and competitive spreads starting from 0.6 pips.

 

🔎 Broker🥇 XM
📌 Year Founded2009
👤 Amount of Staff450+ employees
👥 Amount of Active Traders5,000,000+
traders worldwide
📍 Publicly TradedNone
📈 RegulationFinancial Services
Commission (FSC)
Safety and SecurityHigh
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional AccountsNone
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesUSD,
EUR,
GBP,
JPY,
AUD
💶 Minimum Deposit5 USD
⏰ Average Deposit/Withdrawal Time24 hours
💵 Fund Withdrawal FeeNone
💱 Spreads From0.6 pips on
major pairs
💷 CommissionsZero commissions
on most account
types
🔟 Number of Base Currencies11+
💰 Swap Fees✅Yes
📊 LeverageUp to 1:888
💹 Margin RequirementsVariable
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
📈 Order Execution Time0.01 seconds
🖥️ VPS HostingFree VPS
📍 CFDs Total1,000+
📑 CFD Stock Indices14+
🍎 CFD Commodities8+
📌 CFD Shares1,200+
🅰️ Deposit OptionsBank Wire,
Credit/Debit Card,
eWallets,
Local Payment
Methods
🅱️ Withdrawal OptionsBank Wire,
Credit/Debit Card,
eWallets,
Local Payment
Methods
Trading PlatformsMetaTrader 4,
MetaTrader 5
💻 OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️ Forex Trading ToolsTechnical analysis,
trading signals,
economic calendar,
Autochartist
🩷 Customer SupportMultiple Channels
🥰 Live Chat Availability24/5
💌 Customer Support Emailsupport@xm.com
☎️ Customer Support Contact Number+501 223-6696
+501 227-9421
💡 Social Media PlatformsFacebook,
Twitter,
Instagram,
LinkedIn,
YouTube
✏️ Languages Supported25+
📔 Forex Course✅Yes
📚 Webinars✅Yes
📒 Educational ResourcesVideo tutorials,
trading guides,
market analysis,
blog
🤝 Affiliate Program✅Yes
🗃️ Amount of Partners100,000+
🗄️ IB Program✅Yes
🏆 Sponsors events or teams✅Yes
🏷️ Rebate Program✅Yes
🔖 Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, DFSA, CySEC, ASIC, FSCA

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Highly RegulatedInactivity Fees
Diverse Account TypesNo U.S. Clients
Low Minimum DepositHigher Spreads on Select Accounts
No RequotesWithdrawal Fees
Tight SpreadsHigh Leverage Risks
Multiple PlatformsAccount Verification Process
Variety of InstrumentsLimited Proprietary Tools
Free VPS HostingLanguage Support Limitations
Multilingual customer supportGeographic Restrictions

 

Frequently Asked Questions

 

What account types are available at XM?

XM offers various account types, including standard, micro, and demo accounts, as well as Islamic accounts, but does not provide institutional or managed accounts.

 

What is the minimum deposit to start trading with XM?

The minimum deposit required to open an account with XM is just 5 USD.

 

How long does it take for deposits and withdrawals at XM?

XM typically processes deposits and withdrawals within 24 hours, ensuring quick access to funds.

 

Which trading platforms does XM support?

XM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible with multiple operating systems including Windows, macOS, Android, and iOS.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, DFSA, CySEC, ASIC, FSCA

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Our Verdict

XM is a well-rounded broker that caters to a diverse range of traders with its robust security measures and competitive trading conditions. The low minimum deposit, extensive educational resources, and a commitment to customer support make it an excellent choice for both new and experienced traders looking to thrive in the forex and CFD markets.

 

FXPro Review

 

4. FxPro

Founded in 2006, FxPro is a well-regarded online broker regulated by several authorities, including the FCA in the UK and CySEC in Cyprus. With over 200 employees and 1.8 million active traders, FxPro emphasizes high safety standards, offering features like account segregation and negative balance protection.

The broker requires a minimum deposit of $100 and provides competitive spreads starting from 0.0 pips, with no commissions on trades.

 

🔎 Broker🥇 FxPro
📌 Year Founded2006
👤 Amount of Staff200+
👥 Active Traders1.8+ million
📍 Publicly TradedNone
🛡️ RegulationFCA (UK),
CySEC (Cyprus),
FSCA (South Africa),
SCB (Bahamas)
🌎 Country of RegulationUnited Kingdom,
Cyprus,
South Africa,
Bahamas
🔐 Safety and SecurityHigh
↪️ Account Segregation✅Yes
⭐ Negative Balance Protection✅Yes
📑 Investor Protection SchemesFSCS (UK),
ICF (Cyprus)
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesUSD,
EUR,
GBP,
AUD,
CHF,
JPY,
ZAR
💶 Minimum Deposit$100
💵 Fund Withdrawal FeeNone
⚙️ Spreads From0.0 pips
💷 CommissionsNone
7️⃣ Base Currencies Supported7
💰 Swap Fees✅Yes
📈 LeverageUp to 1:500
📉 Margin RequirementsVaries by instrument
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⌛ Order Execution TimeTypically under 11.06 ms
🖱️ VPS Hosting✅Yes
📈 CFDs Total430+
📊 CFD Stock Indices20+
🍎 CFD Commodities20+
📉 CFD Shares150+
🅰️ Deposit OptionsBank transfer,
Credit/Debit,
PayPal,
Neteller,
Skrill
🅱️ Withdrawal OptionsBank transfer,
Credit/Debit,
PayPal,
Neteller,
Skrill
🖱️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
FxPro Mobile
🖥️ OS CompatibilityWindows,
macOS,
iOS,
Android
📐 Forex Trading ToolsEconomic calendar,
Forex calculators,
Trading Central,
Autochartist
🩷 Customer SupportMultiple Options
🥰 Live Chat Availability✅Yes
💌 Support Email Addressmusupport@fxpro.com
☎️ Support Contact NumberCallback Request
💙 Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram,
YouTube
Educational ResourcesArticles,
videos,
tutorials,
guides,
blogs
✏️ Languages Supported30+
📔 Forex Course✅Yes
📚 Webinars✅Yes
📑 Affiliate Program✅Yes
🗃️ IB Program✅Yes
🗄️ Sponsors Notable Events or Teams✅Yes
📇 Rebate Program✅Yes
📐 Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5, cTrader, FxPro Platform

Crypto

Yes

Total Pairs

69+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Offers high leverage,
although it's essential to
use it responsibly.
Minimum deposit for
some account types
might be higher than
other brokers.
Competitive SpreadsInactivity Fees
Free deposit and withdrawalSpread Betting (UK Only)

 

Frequently Asked Questions

 

What types of accounts does FxPro offer?

FxPro provides various account types, including standard and Islamic accounts, as well as options for institutional accounts but does not offer managed accounts.

 

What is the minimum deposit to start trading with FxPro?

The minimum deposit required to open an account with FxPro is $100.

 

Are there any withdrawal fees at FxPro?

There are no fees for withdrawing funds from your FxPro account.

 

Which trading platforms can I use with FxPro?

FxPro supports several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Mobile, compatible with multiple operating systems.

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5, cTrader, FxPro Platform

Crypto

Yes

Total Pairs

69+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FxPro stands out as a robust broker offering a secure and diverse trading environment. With competitive trading conditions, a low minimum deposit, and a range of educational resources, it is well-suited for both novice and experienced traders aiming to succeed in the forex and CFD markets.

 

XTB Review

 

5. XTB

Founded in 2002, XTB is a leading online broker publicly traded on the Warsaw Stock Exchange, regulated by authorities such as the FCA and KNF. With a substantial workforce of around 2,000 employees and over 500,000 active traders, XTB emphasizes safety through account segregation and negative balance protection.

 

🔎 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly Traded Warsaw Stock Exchange
(WSE)
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average
Deposit/Withdrawal
Processing Time
1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base
Currencies Supported
30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution TimeMilliseconds -
Seconds
🖥️ VPS HostingSelect accounts
📈 CFDs Total
Offered
Over 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Negative balance protectionLimited managed account options
Islamic (swap-free) accounts availableSupport response times may vary
Strong educational resourcesVPS hosting for specific accounts only
Demo account availableComplex fee structure
Good customer supportMargin requirements can be high
No withdrawal feesMay have complex fee structure

 

Frequently Asked Questions

 

What types of accounts does XTB offer?

XTB provides several account types, including options for both retail and institutional traders, but does not offer managed accounts.

 

What is the minimum deposit required at XTB?

The minimum deposit varies by account type, so it’s essential to check specific account details.

 

Are there any fees for withdrawing funds from XTB?

XTB does not charge any fees for fund withdrawals.

 

What trading platform does XTB use?

XTB utilizes the xStation 5 trading platform, known for its advanced features and compatibility with Windows, macOS, iOS, and Android devices.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

XTB emerges as a strong contender in the online trading space, combining robust security measures with a comprehensive range of trading instruments. With its user-friendly platform, competitive trading conditions, and a wealth of educational resources, XTB is well-suited for traders at all levels, making it a compelling choice for those looking to engage in forex and CFD trading.

 

review FBS

 

6. FBS

Founded in 2009, FBS is a popular online broker regulated by authorities like the FSC, CySEC, and ASIC. With a staff of 243 and over 27 million active traders, FBS emphasizes security through account segregation and negative balance protection. The broker offers a low minimum deposit of just 5 USD and provides a variety of account types, including Standard and Cent accounts.

 

🔎 Broker🥇 FBS
📅Year Founded2009
🧑🏻‍💻Amount of staff243
👩‍💻Amount of active tradersOver 27 Million
🌐Publicly TradedNone
🛡️RegulationFSC,
CySEC,
ASIC
🌎Country of regulationCyprus (CySEC),
Belize (FSC),
Australia (ASIC)
💻Account Segregation✅Yes
🪫Negative balance protection✅Yes
🔋Investor Protection Schemes✅Yes
➕AccountsStandard Account
Cent Account
💳Institutional Accounts✅Yes
👨‍💼Managed Accounts✅Yes
📇Minor account currenciesUSD, EUR
💰Minimum Deposit5 USD
🕞Deposit/withdrawal processing 1-3 business days
🪙Fund Withdrawal FeeFree, but may depend
on payment method
📊Spreads from0.7 pips
💸CommissionsNone
💱Number of base currencies Over 72
🚀Swap FeesOvernight financing
fees apply
📈LeverageUp to 1:3000
📏Margin requirements50%
☪️Islamic account (swap-free)✅Yes
💻Demo Account✅Yes
⌛Order Execution Typically within
milliseconds
📆VPS HostingYes, for eligible clients
🧾CFDs-Total OfferedOver 650+
🗠CFD Stock Indices✅Yes
⚖️CFD Commodities✅Yes
📜CFD Shares✅Yes
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the
same payment
method used for
deposit
💻Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS,
Web
🖥️Forex trading tools✅Yes
🗣️Live chat availability✅Yes
📱Customer Support email support@fbs.com
📞Customer Support Contact +357 22 010970
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported 14 Languages
🖺Forex course✅Yes
🧏‍♀️Webinars✅Yes
📚Educational Resources✅Yes
🪪Affiliate program✅Yes
👨‍🏫Amount of partners700 000
📋IB Program✅Yes
🪙Rebate program✅Yes
🚀Open an AccountOpen Account

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App, WebTrader

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Low Minimum DepositLimited Investor Protection
High LeverageFees on Some Services
Multiple Trading PlatformsVariable Spread Costs
Demo AccountsHigh Leverage Risks

 

Frequently Asked Questions

 

What account types are available at FBS?

FBS offers Standard and Cent accounts, as well as options for institutional and managed accounts.

 

What is the minimum deposit required to start trading with FBS?

The minimum deposit to open an account with FBS is only 5 USD.

 

Are there any withdrawal fees at FBS?

While FBS generally does not charge withdrawal fees, it may depend on the payment method used.

 

Which trading platforms can I use with FBS?

FBS supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compatible with various operating systems, including Windows, macOS, Android, and iOS.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App, WebTrader

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FBS stands out as a user-friendly broker that combines a low minimum deposit with extensive trading options and high leverage. Its commitment to safety, comprehensive educational resources, and responsive support system make it an excellent choice for traders at all experience levels looking to engage in forex and CFD markets.

 

Pepperstone

 

7. Pepperstone

Founded in 2010, Pepperstone is a well-established online broker known for its strong regulatory framework, including oversight from ASIC and FCA. With over 300 employees and more than 300,000 active traders, Pepperstone prioritizes safety with features such as account segregation and negative balance protection.

The broker offers a flexible trading environment with no minimum deposit requirement and competitive spreads starting from 0.0 pips.

 

🔎 Broker🥇 Pepperstone
📌 Year Founded2010
👤 Amount of Staff300+
👥 Active Traders300,000+
📍 Publicly TradedNone
🛡️ RegulationASIC, BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎 Country of RegulationUK,
Australia,
Cyprus
Safety and SecurityHigh
🔃 Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
📊 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account Currencies✅Yes
💶 Minimum DepositAU$10
⏰ Average Deposit/Withdrawal Processing TimeDepends on method
💵 Fund Withdrawal FeeNone
⭐ Spreads From0.0 pips
💷 Commissions✅Yes
🔢 Base CurrenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
💳 Swap Fees✅Yes
⏩ Leverage1:500 (Pro), 1:200 (Retail) (Retail Leverage is license-specific and can be as low as 1:30)
▶️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
📈 Order Execution TimeUnder 30ms
📉 VPS Hosting✅Yes
📊 CFDs Total1200+
💹 CFD Stock Indices14+
🍎 CFD Commodities20+
💱 CFD Shares900+
🅰️ Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill,
POLi
🅱️ Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill,
POLi
🖱️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
TradingView
Proprietary Pepperstone Platform
💻 OS CompatibilityWindows,
macOS,
iOS,
Android,
Web-based
⚙️ Forex Trading ToolsAdvanced charting,
Autochartist,
TradingView integration,
Market Analysis
🩷 Customer SupportMultiple Channels
🥰 Live Chat Availability24/5
💌 Support Email Addresssupport@pepperstone.com
☎️ Support Contact Number+254 2038 93547/8/9
💙 Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
↪️ Languages Supported20+
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
Videos,
Trading Guides,
eBooks
🤝 Affiliate Program✅Yes
📑 Amount of PartnersThousands globally
🗃️ IB Program✅Yes
🗄️ Sponsors Notable Events or Teams✅Yes
📇 Rebate Program✅Yes
⭐ Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Responsive and
friendly customer
service
Costs of holding
positions overnight
can be significant
No inactivity feeInternational bank
transfers have a $20
fee
Educational Resources
and Research Tools
The variety of platforms
can be overwhelming
for Beginners
Quick and easy
account setup
No US Clients

 

Frequently Asked Questions

 

What account types are available at Pepperstone?

Pepperstone offers a variety of accounts, including standard and professional accounts, but does not have cent or micro-accounts.

 

Is there a minimum deposit required to start trading with Pepperstone?

Pepperstone does not require a minimum deposit to open an account.

 

Are there any fees for withdrawing funds from Pepperstone?

Pepperstone does not charge withdrawal fees, allowing traders to withdraw their funds without extra costs.

 

Which trading platforms can I use with Pepperstone?

Pepperstone supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView, compatible with various operating systems.

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

Pepperstone is a robust broker offering a secure and versatile trading environment tailored to meet the needs of both novice and experienced traders. With no minimum deposit, competitive spreads, and a wealth of educational resources, it provides an excellent platform for those looking to engage in the forex and CFD markets.

 

HFM Review

 

8. HFM

Established in 2010, HFM has rapidly grown to serve over 1 million active traders and offers a diverse range of trading options. The broker operates under multiple regulatory authorities, including FSCA and FCA, ensuring a secure trading environment. With a minimum deposit of $0, HFM is accessible to all traders. It provides a variety of platforms, including MT4, MT5, and its proprietary trading app, along with over 1,000 CFDs across various asset classes.

 

🔎 Broker🥇 HFM
📍 Year Founded2010
👤 Amount of staff200+
👥 Amount of active tradersOver 1 million
↪️ Publicly TradedNo
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA,
CySEC,
DFSA,
FSA,
FCA,
FSC,
CMA
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4,
MT5,
HFM Trading App
🎁 Bonus Offers✅Yes
🪙 Crypto Trading✅Yes
🔃 Account Segregation✅Yes
🚨 Negative balance protection✅Yes
⭐ Investor Protection SchemesYes, up to
€85,000 (FCA)
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
⏰ Avg. deposit processing timeInstant to 1
business day
⏱️ Avg. Withdrawal processing time1-3 business days
📈 Fund Withdrawal FeeVaries by method,
generally free
📉 Spreads from0.0 pips
📊 CommissionsVaries by account type
and instrument
💹 Number of base currencies40+
💱 Swap FeesVaries by instrument
and position duration
⏸️ LeverageUp to 1:1000
⏹️ Margin requirementsVaries by account and
leverage
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
⏲️ Order Execution TimeTypically milliseconds
to seconds
🖱️ VPS HostingAvailable
📑 CFDs Total Offered1,000+
🗃️ CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📇 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
🚩 OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsEconomic calendar,
trading signals,
market analysis tools
🥰 Live chat availability✅Yes
💌 Support EmailContact Form
☎️ Support ContactVaries by Region
🐦 Social MediaFacebook,
Twitter,
LinkedIn,
YouTube
🗯️ Languages on WebsiteEnglish,
Spanish,
German,
Arabic
✏️ Forex course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
Videos,
Tutorials
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersNumerous
🤝 IB Program✅Yes
🏆 Sponsor notable events/teams✅Yes
💷 Rebate program✅Yes
🅰️ Cent Accounts✅Yes
🅱️ Zero Accounts✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
🌟 Suited to Active Traders✅Yes
▶️ Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Open Account