10 Best Forex Brokers for Intermediate Forex Traders

 

The 10 Best Forex Brokers for Intermediate Trading in the Forex Market: Intermediate refers to Forex Traders who have passed the beginner stages, learned how to trade, and are taking the necessary next steps to become professionals in the field.

 

In this in-depth overview, you will learn:

 

• What are the best Forex brokers for intermediate traders who are still building their skills?
• What are the advantages and disadvantages of trading Forex with intermediate experience?
• What does intermediate trading involve and how is it defined?
• Which Forex brokers are best suited for intermediate traders?
• What are the common FAQs about the top 10 Forex brokers for intermediate trading?

 

And much, much more!

 

🔎 Broker	🚀Open an Account	📱 Platforms	🔑 Key Features	📌 Spreads
🥇AvaTrade	👉 Open Account	MT4, MT5, AvaTradeGO	Fixed spreads, multiple regulatory licenses, AvaProtect risk management	From 0.9 pips
🥈 easyMarkets	👉 Open Account	MT4, easyMarkets Web/App, TradingView	No slippage, guaranteed stop loss, free withdrawals	From 0.9 pips
🥉 IC Markets	👉 Open Account	MT4, MT5, cTrade	Raw spreads, high leverage, fast execution	From 0.0 pips
🏅eToro	👉 Open Account	eToro Web, eToro Mobile	Social trading, copy trading, large community	From 1.0 pips
🥇 FP Markets	👉 Open Account	MT4, MT5, Iress	ECN pricing, multiple account types, low commissions	From 0.0 pips
🥈 XM	👉 Open Account	MT4, MT5	High leverage, negative balance protection, no requotes	From 0.6 pips
🥉OANDA	👉 Open Account	OANDA Web, MT4, TradingView	No minimum deposit, strong regulatory oversight, advanced charting tools	From 1.2 pips
🏅 FXTM	👉 Open Account	MT4, MT5	High leverage, various account types, educational resources	From 0.1 pips
🥈 City Index	👉 Open Account	MT4, WebTrader, Advantage Web/App	Extensive market range, tight spreads, advanced trading tools	From 0.5 pips
🥇Forex.com	👉 Open Account	MT4, WebTrader, TradingView	Competitive pricing, extensive market analysis, solid regulatory environment	From 0.8 pips

 

10 Best Forex Brokers for Intermediate Forex Traders

 

1. ☑️ AvaTrade – Overall, Forex Broker for Beginners.
2. ☑️ easyMarkets – Best Trading App for Pro Traders
3. ☑️ IC Markets – Caters to traders of all levels
4. ☑️ eToro – Provides a suitable platform.
5. ☑️ FP Markets – Offers various trading services
6. ☑️ XM – Caters to intermediate-level trading
7. ☑️ OANDA – Offers a user-friendly platform
8. ☑️ FXTM – Best Trading App suited to Beginners
9. ☑️ City Index – Popular Trading App
10. ☑️ FOREX.com – Offers competitive spreads

 

 

1. AvaTrade

AvaTrade is an online broker founded in 2006. It offers Forex, CFDs, Spread Betting, and Social Trading. It is a global broker whose head office is in the British Virgin Islands. ASIC, CySEC, and FCA regulate AvaTrade in Europe, the British Virgin Islands, Australia, Japan, and South Africa.

AvaTrade is an excellent choice for intermediate Forex traders worldwide who want to refine their trading strategies and expand their market knowledge. To start with AvaTrade, you must make a minimum deposit of $100.

 

🔎 Broker	🥇 AvaTrade
👥Amount of Staff	200+
🧑🏽‍🤝‍🧑🏽Active Traders	Over 300,000
📌Publicly Traded	None
Regulation	Central Bank of Ireland, ASIC, FSCA, FSA, ADGM, IIROC
🏦Country of Regulation	Ireland, Australia, South Africa, Japan, UAE, Canada
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes (up to €20,000 under the Irish Investor Compensation Scheme)
📌 Account Types and Features	Multiple
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	EUR, GBP, USD, AUD, ZAR, etc.
🪙Minimum Deposit	$100
💷Average Deposit/Withdrawal Processing Time	1-3 business days
💵Fund Withdrawal Fee	No (but bank charges may apply)
📉Spreads From	0.9 pips (on Forex)
📈Commissions	No commission on most assets; commission on stocks
💹Number of Base Currencies Supported	6
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:400
📌Margin Requirements	Depends on asset class and account type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Typically within milliseconds
📲VPS Hosting	✅Yes (available for select accounts)
📈 CFDs Total	Over 1,250
📉CFD Stock Indices	20+
📊CFD Commodities	15+
💹CFD Shares	600+
💳Deposit Options	Bank transfer, credit/debit cards, e-wallets
🪙Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
🖥️Trading Platforms	MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, WebTrader
📱OS Compatibility	Windows, MacOS, iOS, Android
⚙️Forex Trading Tools	AutoChartist, Guardian Angel, Trading Central, Economic calendar, VPS
⭐ Customer Support	Responsive
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@avatrade.com
📞Customer Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn, Instagram
🔖Languages Supported on Website	20+ languages, including English, Spanish, French, German, Arabic, etc.
📜Forex Course	✅Yes (AvaAcademy, comprehensive online courses)
🖥Webinars	✅Yes
📚Educational Resources	eBooks, video tutorials, articles, market analysis
🤝Affiliate Program	✅Yes (AvaPartner)
👥Amount of Partners	Thousands globally
🫶IB Program	✅Yes
📍Notable Events or Teams?	None
💴 Rebate Program	✅Yes
🚀 Open an Account	Open Account

 

 

Trading benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Low min deposit	Standard account	PayPal
	Demo account	Skrill
	Islamic account	Payoneer
		Neteller

 

Pros and Cons

 

✅Pros	❌Cons
200,000+ traders	Doesn’t offer VPS
Established in 2006	Limited range of advanced charting tools
Offers a wide variety of assets	Average spreads, not as tight as some competitors.
Regulated by multiple top-tier authorities.	Limited in-depth educational content for advanced traders.
Strong customer support available 24/5.	Bonuses and promotions may not be available in all regions.
Comprehensive mobile trading app with full functionality.	Limited account types and customization options.

 

Frequently Asked Questions

 

What types of trading accounts does AvaTrade offer?

AvaTrade offers several account types to suit different trading needs, including Standard, VIP, Professional, and Islamic accounts.

 

What are the available trading platforms at AvaTrade?

AvaTrade offers multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and AvaOptions.

 

How does AvaTrade handle order execution?

AvaTrade operates with a market execution model, meaning trades are executed at the best market price.

 

What educational resources does AvaTrade provide for traders looking to improve their skills?

AvaTrade offers many educational resources, including webinars, video tutorials, eBooks, and a comprehensive Trading Academy.

 

 

Our Verdict

AvaTrade offers a solid overall trading experience for Forex Brokers of intermediate traders, thanks to its user-friendly platforms and a broad range of assets.

 

 

2. EasyMarkets

easyMarkets provides a user-friendly platform with no slippage, guaranteed stop loss, and a straightforward trading experience. It’s particularly suitable for traders who prioritize safety and reliability. The available trading platforms offered are MT4 and the EasyMarkets web platform.

However, EasyMarkets would suit intermediate traders who prefer simple interfaces using advanced risk management tools. Its interface is easily understandable, and additional security options, such as deal cancellation and freeze rate, are available during high volatility.

 

🔎 Broker	🥇 easyMarkets
🗓Year Founded	2001
👥Amount of Staff	Approximately 150
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 100,000
📌Publicly Traded	None
🛡️ Regulation	ASIC, CySEC
🏦Country of Regulation	Australia, Cyprus
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	None
📒Managed Accounts	None
📋Minor Account Currencies	Various
🪙Minimum Deposit	$100
💷Average Deposit/Withdrawal Processing Time	1-3 business days
💵Fund Withdrawal Fee	No fee
📉Spreads From	0.7 pips
📈Commissions	No commissions on standard accounts
💹Number of Base Currencies Supported	Over 50
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:400
📌Margin Requirements	Varies by asset and leverage
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Within 1 second
📲VPS Hosting	✅Yes
📈CFDs Total	Over 200
📉CFD Stock Indices	✅Yes
📊CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, Credit/Debit cards, eWallets
🪙Withdrawal Options	Bank transfer, Credit/Debit cards, eWallets
🖥️Trading Platforms	easyMarkets Platform, MetaTrader 4 (MT4)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Economic calendar, market news, trading signals
🗣️Live Chat Availability	✅Yes
📧Support Email Address	support@easymarkets.com
📞Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on Website	English, Spanish, Arabic, Chinese, and more
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading guides, market analysis, webinars
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🗂IB Program	✅Yes
💴 Rebate Program	✅Yes
🚀 Open an Account	👉 Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Low min deposit	Standard account	Payoneer
Guaranteed stop loss	Demo account	Neteller
Offers Negative Balance Protection	Islamic account

 

Pros and Cons

 

✅Pros	❌Cons
No slippage or requotes	Fixed spreads may be higher compared to variable spreads
User-friendly platform with a simple	Limited advanced charting and analysis tools.
Wide range of risk management	Fewer account types with limited customization options.
Regulated by CySEC and ASIC	Limited range of advanced

 

Frequently Asked Questions

 

What is deal cancellation?

dealCancellation is a unique feature offered by easyMarkets that allows traders to undo a losing trade within a specified time frame (1, 3, or 6 hours) for a small fee.

 

Does easyMarkets offer leverage?

Yes, easyMarkets offers leverage up to 1:400.

 

How does easyMarkets handle order execution?

easyMarkets operates a no-slippage policy, meaning that trades are executed at the price you see, without requotes.

 

How secure are my funds with easyMarkets?

easyMarkets is regulated by multiple authorities, including CySEC and ASIC, ensuring a high level of fund security.

 

 

Our Verdict

easyMarkets provides a straightforward and intuitive trading platform ideal for intermediate traders seeking a user-friendly experience.

 

 

3. IC Markets

IC Markets is a leading broker for traders seeking ultra-low spreads, high leverage, and fast execution speeds. It’s an excellent choice for frequent traders who demand precision.

IC Markets offers traders three main types of live trading accounts to choose from, including  Raw Islamic swap-free accounts and the use of a free demo trading account.

IC Markets is a regulated Forex ECN and CFD broker that offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5, and cTrader platforms for desktop, web and mobile.

 

🔎 Broker	🥇 IC Markets
🗓Year Founded	2007
👥Amount of Staff	Approximately 200
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 100,000
📌Publicly Traded	None
🫰🏻 Regulation and Security	High
🛡️ Regulation	ASIC, CySEC, FSA
🏦Country of Regulation	Australia, Cyprus, Seychelles
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes (in regulated regions)
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	Various
🪙Minimum Deposit	$200
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	No fee
📉Spreads From	0.0 pips
📈Commissions	Yes, on certain accounts
💹Number of Base Currencies Supported	Over 10
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:500
📌Margin Requirements	Varies by asset and leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Typically within 1 second
📲VPS Hosting	✅Yes
📈CFDs Total	Over 200
📉CFD Stock Indices	✅Yes
📊CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, Credit/Debit cards, eWallets
🪙Withdrawal Options	Bank transfer, Credit/Debit cards, eWallets
🖥️Trading Platforms	easyMarkets Platform, MetaTrader 4 (MT4)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Economic calendar, market news, trading signals
🥰 Customer Support	Responsive
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@icmarkets.com
📞Customer Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on Website	English, Chinese, Arabic, and more
📌 Educational Resources and Support	Multiple
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading guides, market analysis, webinars
Partnerships and Programs	Affiliate and IB
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🗂IB Program	✅Yes
✅Rebate Program	✅Yes
🚀 Open an Account	👉 Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Payoneer
Low min deposit	Zero spread account	Neteller
	ECN account
	Islamic account

 

Pros and Cons

 

✅Pros	❌Cons
Tight spreads and low commissions	Limited educational resources
High leverage options up to 500:1	No bonuses or promotions for traders.
Excellent execution speeds and deep liquidity.	Limited asset classes
Regulated by CySEC and ASIC	Customer support is available 24/7 but can be slower during peak times.

 

Frequently Asked Questions

 

What trading platforms are available at IC Markets?

IC Markets provides multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

 

What are the spreads and fees associated with trading on IC Markets?

IC Markets is known for its tight spreads, starting at 0.0 pips on major currency pairs in the Raw Spread account.

 

How does IC Markets handle order execution?

IC Markets provides fast and reliable order execution with no dealing desk (NDD) intervention.

 

How secure are my funds with IC Markets?

Multiple authorities regulate IC Markets, including ASIC in Australia, CySEC in Cyprus, and the FSA in Seychelles.

 

 

Our Verdict

IC Markets stands out as a top choice for intermediate traders seeking tight spreads, fast execution, and a range of advanced platforms like MT4, MT5, and cTrader.

 

 

4. eToro

eToro stands out with its social trading features, allowing traders to copy the strategies of experienced investors. Its intuitive platform makes it ideal for traders interested in a more communal trading experience. eToro is an online broker founded in 2006.

It offers CFDs and Social Trading and has a head office in Cyprus, UK.

eToro has been in operation for over 14 years and is supervised by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

 

🔎 Broker	🥇 eToro
🗓Year Founded	2007
👥Amount of Staff	1,500+
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	20 million+
📌Publicly Traded	✅Yes
🛡️ Regulation	FCA (UK), CySEC (Cyprus), ASIC (Australia)
🏦Country of Regulation	UK, Cyprus, Australia
⭐Safety and Security	High
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	None
📒Managed Accounts	None
📋Minor Account Currencies	USD, EUR, GBP, AUD, etc.
🪙Minimum Deposit	None
💷Average Dep./Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	$5 per withdrawal
📉Spreads From	1 pip (Forex), 0.09% (Stocks)
📈Commissions	Zero commissions on real stocks
💹Number of Base Currencies Supported	9
📊Swap Fees	✅Yes (Overnight fees)
↪️Leverage	Up to 1:30 (Retail), Up to 1:400 (Professional)
📌Margin Requirements	Depends on leverage used
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Market dependent, typically instant
📲VPS Hosting	None
📈CFDs Total	2,000+
📉CFD Stock Indices	13+
📊CFD Commodities	20+
💹CFD Shares	1,700+
💳Deposit Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, etc.
🪙Withdrawal Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, etc.
🖥️Trading Platforms	eToro proprietary platform (Web and Mobile)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Social trading, CopyTrader, News feed
🗣️Live Chat Availability	None
📧Customer Support Email Address	Provided via support ticket system
📞Customer Support Contact Number	Not listed, primarily through online support
🖥Social Media Platforms	Facebook, Twitter, LinkedIn, Instagram
🔖Languages Supported on Website	English, Spanish, German, French, Italian, and more
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading academy, eBooks, guides, videos
🤝Affiliate Program	✅Yes
👥Amount of Partners	30,000+
🗂IB Program	✅Yes
❓Notable Events or Teams?	✅Yes
✅Rebate Program	None
🚀 Open an Account	Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Offers STP	Micro account	Credit cards
Low min deposit	Mini account	Bank Transfer
	Standard account	Payoneer
	Islamic account	Neteller
	Demo account	PayPal
		Skrill

 

Pros and Cons

 

✅Pros	❌Cons
Intuitive and user friendly platform	Higher spreads
Unique social trading features	Limited customization options
Regulated by multiple top-tier authorities	Customer support can be slow during peak times.
Commission-free trading	Limited research and analysis tools

 

Frequently Asked Questions

 

What types of trading accounts does eToro offer?

eToro primarily provides a single account type for retail traders.

 

How secure are my funds with eToro?

eToro is regulated by multiple authorities, including the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.

 

Can I trade other assets besides forex on eToro?

EToro offers a wide range of assets beyond forex, including stocks, commodities, cryptocurrencies, ETFs, and indices.

 

How long do they take?

Withdrawals on eToro typically take 1-3 business days to process.

 

 

Our Verdict

eToro is a standout platform for intermediate traders who value social trading and a user-friendly interface.

 

 

5. FP Markets

FP Markets offers ECN pricing with low commissions, multiple account types, and various platforms. It’s particularly favored by traders who appreciate transparency and flexibility.

FP Markets is an excellent choice for intermediate traders seeking a balance of cost-efficiency and advanced trading tools.

FP Markets is a global online broker regulated by the Australian ASIC and the Cypriot CySEC. It was founded in 2005, offers Forex trading, and has a head office in Australia.

 

🔎 Broker	🥇FP Markets
🗓Year Founded	2005
👥Amount of Staff	Approximately 100
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 40,000
📌Publicly Traded	None
🚩Regulation and Security	High
🛡️ Regulation	ASIC, CySEC
🏦Country of Regulation	Australia, Cyprus,
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	Various
🪙Minimum Deposit	$100
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	No fee
📉Spreads From	0.0 pips
📈Commissions	Yes, on certain accounts
💹Number of Base Currencies Supported	Over 50
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:500
📌Margin Requirements	Varies by asset and leverage
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Typically within 1 second
📲VPS Hosting	✅Yes
⭐CFDs-Total Offered	Over 10,000
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💳Deposit Options	Bank transfer, Credit/Debit cards, eWallets
🪙Withdrawal Options	Bank transfer, Credit/Debit cards, eWallets
🖥️Trading Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Economic calendar, market news, trading signals
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@fpmarkets.com
📞Customer Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on Website	English, Chinese, Arabic, and more
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading guides, market analysis, webinars
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🗂IB Program	✅Yes
🚀Open an Account	👉 Click Here

 

 

Trading benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Offers STP	Micro account	Credit cards
Low min deposit	Mini account	Bank Transfer
	Standard account	Payoneer
	Islamic account	Neteller
	Demo account	PayPal
		Skrill

 

Pros and Cons

 

✅Pros	❌Cons
Intuitive and user friendly platform	Higher spreads
Unique social trading features	Limited customization options
Regulated by multiple top-tier authorities	Customer support can be slow during peak times.
Commission-free trading	Limited research and analysis tools

 

Frequently Asked Questions

 

What types of trading accounts does FP Markets offer?

FP Markets offers two main account types: Standard and Raw.

 

What is the minimum deposit required to start trading with FP Markets?

The minimum deposit at FP Markets is $100 for both the Standard and Raw accounts.

 

What trading platforms are available at FP Markets?

FP Markets supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS.

 

Can I use automated trading strategies on FP Markets?

FP Markets fully supports automated trading through its MT4 and MT5 platforms.

 

 

Our Verdict

FP Markets is a strong contender for intermediate traders who value tight spreads, fast execution, and advanced platforms like MT4, MT5, and IRESS.

 

 

6. XM Group

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

XM offers traders more than 1,000 financial instruments to trade on the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Index CFDs, Precious Metals CFDs, and Energies CFDs.

 

🔎 Broker	🥇XM
🗓Year Founded	2009
👥Amount of Staff	Approximately 300
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 1,000,000
📌Publicly Traded	None
⭐ Regulation and Security	High
🛡️ Regulation	ASIC, CySEC, FCA
🏦Country of Regulation	Australia, Cyprus, UK
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes (in regulated regions)
👤Institutional Accounts	✅Yes
📒Managed Accounts	None
📋Minor Account Currencies	Various
🪙Minimum Deposit	$5
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	No fee
📉Spreads From	0.0 pips
📈Commissions	No commissions on standard accounts
💹Number of Base Currencies Supported	Over 50
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:888
📌Margin Requirements	Varies by asset and leverage
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Typically within 1 second
📲VPS Hosting	✅Yes
📈CFDs Total	Over 1,000
📉CFD Stock Indices	✅Yes
📊CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, Credit/Debit cards, eWallets
🪙Withdrawal Options	Bank transfer, Credit/Debit cards, eWallets
🖥️Trading Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Economic calendar, market news, trading signals
🥰 Customer Support	Responsive
🗣️Live Chat Availability	✅Yes
📧Support Email Address	support@xm.com
📞Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on Website	English, Chinese, Arabic, and more
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading guides, market analysis, webinars
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🗂IB Program	✅Yes
✅Rebate Program	✅Yes
🚀 Open an Account	👉 Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Negative Balance Protection	Micro account	Wire Transfer
Low Spreads	XM Zero account	Credit/Debit
Low Commission		Neteller
Hedging Allowed		UnionPay
Scalping Allowed		WebMoney
		Qiwi

 

Pros and Cons

 

✅Pros	❌Cons
Intuitive and user-friendly platform	Higher spreads
Extensive educational resources	Limited asset classes
Regulated by multiple top-tier authorities	Leverage is capped at 30:1 for retail clients
No requotes or hidden fees	Limited customization for account types

 

Frequently Asked Questions

 

How secure are my funds with XM?

Multiple authorities regulate XM, including CySEC, ASIC, and the IFSC.

 

Can I use automated trading strategies on XM?

Yes, XM fully supports automated trading through its MT4 and MT5 platforms.

 

How long does XM Withdrawal take?

Withdrawals at XM are typically processed within 24 hours.

 

What educational resources does XM provide to improve trading skills?

XM offers a comprehensive range of educational resources, including live webinars, video tutorials, trading signals, and a dedicated learning center.

 

 

Our Verdict

XM is a reliable choice for intermediate traders, offering a user-friendly experience with platforms like MT4 and MT5.

 

7. OANDA

OANDA is a well-regulated broker with no minimum deposit requirement, making it accessible to beginners and experienced traders. It offers advanced trading tools and a robust regulatory framework.

OANDA is a globally regulated Forex and CFD broker. Users can trade on Forex, Indices, Metals, Commodities, and Bond CFDs on the broker’s proprietary trading platform for desktop, web, and mobile, as well as on MetaTrader4.

 

🔎 Broker	🥇 OANDA
🗓Year Founded	1996
👥Amount of Staff	Over 1,000
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 100,000
📌Publicly Traded	None
⭐ Regulation and Security	High
🛡️Regulation	FCA, CFTC, ASIC, IIROC
🏦Country of Regulation	UK, USA, Australia, Canada, Japan
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	✅Yes
🪙Minimum Deposit	$0
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	Varies by method
📉Spreads From	0.1 pips
📈Commissions	Varies by account type and trading volume
💹Number of Base Currencies Supported	50+
📊Swap Fees	Varies
↪️Leverage	Up to 1:200
📌Margin Requirements	Depends on account type and instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Instant to a few seconds
📲VPS Hosting	Available for eligible accounts
📈 CFDs Total	Over 100
📉 CFD Stock Indices	✅Yes
📊 CFD Commodities	✅Yes
💹 CFD Shares	✅Yes
💳Deposit Options	Bank transfer, credit/debit cards, e-wallets
🪙Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
🖥️Trading Platforms	OANDA fxTrade, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Advanced charting, trading signals, news feeds
📌Customer Support	Responsive
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@oanda.com
📞Customer Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on OANDA Website	Multiple languages including English, Spanish, German
📜Forex Course	Available
🖥Webinars	Regular webinars
📚Educational Resources	Guides, articles, video tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	Numerous
🗂IB Program	✅Yes
✅Rebate Program	Available
🚀 Open a account	👉 Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Mobile Trading	Standard account	Wire Transfer
Excellent Charting Tools	Premium account	Credit/Debit
Educational Materials		PayPal

 

Pros and Cons

 

✅Pros	❌Cons
No minimum deposit requirement	Spreads can be higher
Regulated by top-tier authorities	Limited range of asset classes
User-friendly platforms with advanced tools	No bonuses or promotions offered.
Strong reputation for transparency	Leverage is capped at 50:1 in the U.S.

 

Frequently Asked Questions

 

What are the spreads and fees associated with trading on OANDA?

OANDA offers variable spreads, starting at 0.1 pips on major currency pairs.

 

Does OANDA offer leverage, and what are the available leverage levels?

OANDA offers leverage up to 1:50 in the U.S. and 1:30 in Europe.

 

What are the spreads and fees associated with trading on OANDA?

OANDA offers variable spreads, starting at 0.1 pips on major currency pairs.

 

What types of trading accounts does OANDA offer?

OANDA offers two main account types: Standard and Premium.

 

 

Our Verdict

OANDA is a trusted and reliable broker, particularly well-suited for intermediate traders who appreciate transparency and robust regulation.

 

 

8. FXTM

FXTM is known for its high leverage, extensive educational content, and multiple account types. It’s an excellent option for traders seeking a broker supporting growth and learning.

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

FXTM, or ForexTime, was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius.

 

🔎 Broker	🥇FXTM
🗓Year Founded	2011
👥Amount of Staff	Approximately 200
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 1,000,000
📌Publicly Traded	None
⭐ Regulation and Security	High
🛡️ Regulation	FCA, CySEC, FSC, CIMA
🏦Country of Regulation	UK, Cyprus, Mauritius, Belize
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	✅Yes
📒Managed Accounts	None
📋Minor Account Currencies	Various
🪙Minimum Deposit	$10
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	No fee
📉Spreads From	0.0 pips
📈Commissions	✅Yes
💹Number of Base Currencies Supported	Over 50
📊Swap Fees	✅Yes
↪️Leverage	Up to 1:1000
📌Margin Requirements	Varies by asset and leverage
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Typically within 1 second
📲VPS Hosting	✅Yes
📈CFDs Total	Over 250
📉CFD Stock Indices	✅Yes
📊CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, Credit/Debit cards, eWallets
🪙Withdrawal Options	Bank transfer, Credit/Debit cards, eWallets
🖥️Trading Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Economic calendar, market news, trading signals
🥰 Customer Support	Responsive
🗣️Live Chat	✅Yes
📧Support Email Address	support@fxtm.com
📞Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn
🔖Languages Supported on Website	English, Arabic, Chinese, Spanish, and more
🧩 Educational Resources and Support	Multiple
📜Forex Course	✅Yes
🖥Webinars	✅Yes
📚Educational Resources	Trading guides, market analysis, webinars
🤝Affiliate Program	✅Yes
👥Amount of Partners	Varies
🗂IB Program	✅Yes
✅Rebate Program	✅Yes
🚀 Open an Account	👉 Open Account

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Unbeatable trading costs	Standard account	Bank Wire Transfer
Lightning-fast execution	Premium account	Credit/Debit Cards
Globally trusted	Cent account	Electronic Payment Systems
		Local Bank Transfers

 

 

Pros and Cons

 

✅Pros	❌Cons
Tight spreads	Inactivity fees apply after a period of dormancy.
High leverage options up to 2000:1	Limited asset classes beyond forex and CFDs.
Extensive educational resources	Bonuses and promotions may not be available
Regulated by multiple authorities	Limited account customization options.

 

Frequently Asked Questions

 

What trading platforms are available at FXTM?

FXTM supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available on desktop, web, and mobile devices.

 

How does FXTM handle order execution?

FXTM offers fast and reliable order execution with no dealing desk (NDD) intervention, which reduces the chances of requotes and slippage.

 

Does FXTM offer leverage, and what are the available leverage levels?

Yes, FXTM offers flexible leverage up to 1:2000, depending on the account type and the trader’s location.

 

What types of trading accounts does FXTM offer?

FXTM offers several account types, including Micro, Advantage, and Advantage Plus accounts.

 

 

Our Verdict

FXTM is an excellent choice for intermediate traders. It offers tight spreads and various account options, including high leverage up to 2000:1.

 

 

9. City Index

City Index offers various markets, tight spreads, and advanced technical analysis tools. It’s ideal for traders who want a comprehensive trading environment focusing on analysis.

City Index is a Spread Betting, CFD, and Forex trading broker regulated by the UK Financial Conduct Authority (FCA).

City Index allows traders to trade on 12,000+ instruments, including Stocks, Shares, Forex, Cryptos, and Commodities.

 

🔎 Broker	🥇 City Index
🗓Year Founded	1983
👥Amount of Staff	Approximately 300
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 100,000
📌Publicly Traded	London Stock Exchange (LSE)
🛡️Regulation	FCA, ASIC, etc.
🏦Country of Regulation	UK, Australia
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	✅Yes
🪙Minimum Deposit	$100
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	Varies by method
📉Spreads From	0.5 pips
📈Commissions	Varies by account type and trading volume
💹Number of Base Currencies Supported	80+
📊Swap Fees	Varies
↪️Leverage	Up to 1:200
📌Margin Requirements	Depends on account type and instrument
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Instant to a few seconds
📲VPS Hosting	Available for eligible accounts
📈CFDs Total	Over 12,000
📉CFD Stock Indices	✅Yes
📊CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, credit/debit cards, e-wallets
🪙Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
🖥️Trading Platforms	City Index platform, MetaTrader 4 (MT4)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Advanced charting, trading signals, news feeds
🗣️Live Chat Availability	✅Yes
📧Customer Support Email Address	support@cityindex.com
📞Customer Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn, YouTube
🔖Languages Supported on City Index Website	Multiple languages
📜Forex Course	Available
🖥Webinars	Regular webinars
📚Educational Resources	Guides, articles, video tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	Numerous
🗂IB Program	✅Yes
❓Do They Sponsor	✅Yes
✅Rebate Program	Available
🚀 Open a account	👉 Open Account

 

 

Trading Benefits

 

📱Trading Features:	👥Accounts offered:	💳Funding methods:
Allows hedging	Standard account	Credit cards
Offers STP	Managed account	Bank Transfer
Low min deposit	Cent account	Payoneer
Guaranteed stop loss	Mini account
	Demo account

 

Pros and Cons

 

✅Pros	❌Cons
User-friendly platforms	Higher spreads compared to some competitors.
Wide range of assets	Limited educational resources
Regulated by top-tier authorities	Fewer promotional offers and bonuses.
Strong customer support available 24/5.	Limited account types

 

Frequently Asked Questions

 

Does the City Index offer leverage?

City Index offers leverage up to 1:200, depending on the asset and regulatory requirements.

 

What educational resources does City Index provide to improve trading skills?

City Index offers a range of educational resources, including webinars, trading guides, video tutorials, and market analysis.

 

Can I use automated trading strategies on the City Index?

Yes, City Index supports automated trading through its MT4 platform.

 

How does City Index handle order execution?

City Index provides fast and reliable order execution with no dealing desk intervention.

 

 

Our Verdict

City Index is a reliable option for intermediate traders. It offers many assets and user-friendly platforms like Web Trader and MT4.

 

 

10. Forex.com

Forex.com provides competitive pricing, a solid regulatory environment, and extensive market analysis.

It’s a reliable choice for traders with a well-rounded and secure trading experience. To open a live trading account, traders will need a minimum deposit of at least $50.

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

 

🔎 Broker	🥇 Forex.com
🗓Year Founded	2001
👥Amount of Staff	Over 500
🧑🏽‍🤝‍🧑🏽Amount of Active Traders	Over 200,000
📌Publicly Traded	Yes, listed on the New York Stock Exchange (NYSE)
🛡️Regulation	FCA, CFTC, ASIC, etc.
🏦Country of Regulation	UK, USA, Australia, etc.
💴Account Segregation	✅Yes
🔑Negative Balance Protection	✅Yes
📑Investor Protection Schemes	✅Yes
👤Institutional Accounts	✅Yes
📒Managed Accounts	No
📋Minor Account Currencies	✅Yes
🪙Minimum Deposit	$100
💷Average Deposit/Withdrawal Processing Time	1-2 business days
💵Fund Withdrawal Fee	Varies by method
📉Spreads From	0.2 pips
📈Commissions	Varies
💹Number of Base Currencies Supported	80+
📊Swap Fees	Varies
↪️Leverage	Up to 1:200
📌Margin Requirements	Depends on account type and instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Instant to a few seconds
📲VPS Hosting	Available for eligible accounts
📊CFDs Total	Over 300
📉CFD Stock Indices	✅Yes
📈CFD Commodities	✅Yes
💹CFD Shares	✅Yes
💳Deposit Options	Bank transfer, credit/debit cards, e-wallets
🪙Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
🖥️Trading Platforms	Forex.com platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
📱OS Compatibility	Windows, macOS, iOS, Android
⚙️Forex Trading Tools	Advanced charting, trading signals, news feeds
🥰Customer Support	Responsive
🗣️Live Chat	✅Yes
📧Support Email Address	support@forex.com
📞Support Contact Number	Varies by region
🖥Social Media Platforms	Facebook, Twitter, LinkedIn, YouTube
🔖Languages Supported	Multiple languages including English, Spanish, German
🚩Educational Resources and Support	Multiple Sources
📜Forex Course	✅Yes
🖥Webinars	Regular webinars
📚Educational Resources	Guides, articles, video tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	Numerous
🗂IB Program	✅Yes
💴Rebate Program	✅Yes
🚀 Open a account	👉 Open Account

 

 

Pros and Cons

 

✅Pros	❌Cons
Advanced trading platforms	Higher spreads compared to some competitors.
Wide range of assets	Limited educational resources
High regulatory standards with top tier authorities	No bonuses or promotions offered.
Comprehensive educational materials	Limited options for account customization.

 

Frequently Asked Questions

 

What trading platforms are available at FOREX.com?

FOREX.com offers multiple trading platforms, including its proprietary FOREX.com platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).

 

What are the spreads and fees associated with trading on FOREX.com?

FOREX.com offers competitive spreads starting from 0.8 pips on major currency pairs for Standard accounts.

 

How does FOREX.com handle order execution?

FOREX.com provides fast and reliable order execution with no dealing desk intervention.

 

How secure are my funds with FOREX.com?

Top-tier authorities, including the FCA in the UK, CFTC in the U.S., and ASIC in Australia, regulate FOREX.com.

 

 

Our Verdict

FOREX.com is a dependable choice for intermediate traders. It offers advanced platforms like MT4 and MT5 and a wide range of assets.

 

 

Factors to look for in a Forex Broker

Of course, looking at the mechanics and choosing a forex broker is crucial based on aspects that matter to the trader. First, check whether the broker is regulated; if yes, the regulating body should be well-known, such as FCA, ASIC, or CySEC, which guarantees the safety of your funds and the broker’s transparency.

Second, consider the trading platform: Does it contain all the necessary tools and options to work efficiently with your strategies? When it comes to selecting trades, look for competitive spreads and low fees because they can significantly influence your results in the long run.

Do not neglect customer support, though having an opportunity to get help when it is needed can be crucial in many situations. Last but not least, consider the educational opportunities the broker provides—are they providing you with the tools you need to become a better trader? Selecting an appropriate broker, as the case may share the same objectives with you, ensures a secure trading environment and gives you all the necessary capabilities for success.

 

 

In Conclusion

If an Intermediate Trader has the utmost confidence in their Forex Broker, they can focus on other essential factors in their journey to “Pro.”

 

You might also like:

 

• Top 100 Best Forex Brokers
• Best FREE Forex Trading Apps
• Best NAS100 Forex Brokers
• Best Forex Brokers for Beginners
• Best ETF Forex Brokers
• ForexSuggest Instagram

 

Frequently Asked Questions

 

Who is an intermediate forex trader?

You are an intermediate trader if you have some of the following characteristics: You have some experience trading, usually between 6 months and 2 years. You trade pretty regularly, but you are not happy with the results. You may be in a breakeven or slightly profitable territory.

 

Which broker is best for Forex trading in the world?

Exness, XM, JustMarkets, XTB, Pepperstone, AvaTrade, FxPro, Oanda, Swissquote, and HFM are among the top Forex brokers in the industry.

 

What should I look for in a forex broker as an intermediate trader?

As an intermediate trader, you should look for a broker with competitive spreads, fast execution speeds, a wide range of trading instruments, advanced charting tools, and robust regulatory oversight.

 

How vital is leverage, and what should I consider when choosing a broker?

Leverage allows you to control larger positions with less capital, but it also increases risk. Choose a broker that offers flexible leverage options, which you can adjust based on your risk tolerance and trading strategy.

 

Are fixed or variable spreads better for intermediate traders?

Fixed spreads provide levels of consistency or security and can also be beneficial in volatile markets. Variable spreads are sometimes lower during market stability but may increase during turbulence.  The latter is preferred by intermediate traders because of the possible cost-saving opportunities, if any, depending on the trader’s approach.

 

What platforms should an intermediate trader use, and why?

Platforms such as MT4/MT5 and cTrader benefit medium-level traders by offering complex charting capabilities, easy-to-customize indicators, and support for automated trading.

 

How can I ensure my funds are safe with a forex broker?

Choose a broker that offers segregated client accounts, meaning your funds are kept separate from the broker’s operating funds.