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10 Best Forex Brokers for Intermediate Forex Traders

Forex-Brokers-for-Intermediate-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 AccountMT4, MT5,
AvaTradeGO
Fixed spreads,
multiple regulatory
licenses,
AvaProtect risk
management
From 0.9 pips
🥈 easyMarkets👉 Open AccountMT4,
easyMarkets
Web/App,
TradingView
No slippage,
guaranteed
stop loss,
free withdrawals
From 0.9 pips
🥉 IC Markets👉 Open AccountMT4,
MT5,
cTrade
Raw spreads,
high leverage,
fast execution
From 0.0 pips
🏅eToro👉 Open AccounteToro Web,
eToro Mobile
Social trading,
copy trading,
large community
From 1.0 pips
🥇 FP Markets👉 Open AccountMT4,
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 AccountMT4, MT5High leverage,
various account types,
educational resources
From 0.1 pips
🥈 City Index👉 Open AccountMT4,
WebTrader,
Advantage
Web/App
Extensive market range,
tight spreads,
advanced trading tools
From 0.5 pips
🥇Forex.com👉 Open AccountMT4,
WebTrader,
TradingView
Competitive pricing,
extensive market
analysis,
solid regulatory
environment
From 0.8 pips

 

🏆 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

4.6/5

FSC, CMA

MT4, MT5, FXTM Trader

USD 200

2000:1

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

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

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 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 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

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

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 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

🏆 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

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

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 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 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

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

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 200

1:1000

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 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

4.5/5

ASIC, CySEC, FSA, SCB

MT4, MT5, WebTrader

USD 200

1:1000

Yes

9

4.9/5

ASIC, CySEC

MT4

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 200

1:1000

9

USD 100

1:500

10

USD 100

500:1

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

 

AvaTrade Review

 

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 Staff200+
🧑🏽‍🤝‍🧑🏽Active TradersOver 300,000
📌Publicly TradedNone
RegulationCentral Bank of Ireland,
ASIC,
FSCA,
FSA,
ADGM,
IIROC
🏦Country of RegulationIreland,
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 FeaturesMultiple
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account CurrenciesEUR,
GBP,
USD,
AUD,
ZAR,
etc.
🪙Minimum Deposit$100
💷Average Deposit/Withdrawal Processing Time1-3 business days
💵Fund Withdrawal FeeNo (but bank charges may apply)
📉Spreads From0.9 pips (on Forex)
📈CommissionsNo commission on most assets;
commission on stocks
💹Number of Base Currencies Supported6
📊Swap Fees✅Yes
↪️LeverageUp to 1:400
📌Margin RequirementsDepends on asset class and account type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeTypically within milliseconds
📲VPS Hosting✅Yes (available for select accounts)
📈 CFDs TotalOver 1,250
📉CFD Stock Indices20+
📊CFD Commodities15+
💹CFD Shares600+
💳Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
🪙Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
🖥️Trading PlatformsMetaTrader 4,
MetaTrader 5,
AvaTradeGO,
AvaOptions,
WebTrader
📱OS CompatibilityWindows,
MacOS,
iOS,
Android
⚙️Forex Trading ToolsAutoChartist,
Guardian Angel,
Trading Central,
Economic calendar,
VPS
⭐ Customer SupportResponsive
🗣️Live Chat Availability✅Yes
📧Customer Support Email Addresssupport@avatrade.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
🔖Languages Supported on Website20+ languages,
including English,
Spanish,
French,
German,
Arabic,
etc.
📜Forex Course✅Yes
(AvaAcademy,
comprehensive
online courses)
🖥Webinars✅Yes
📚Educational ResourceseBooks,
video tutorials,
articles,
market analysis
🤝Affiliate Program✅Yes
(AvaPartner)
👥Amount of PartnersThousands globally
🫶IB Program✅Yes
📍Notable Events or Teams?None
💴 Rebate Program✅Yes
🚀 Open an AccountOpen Account

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trading benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Allows scalpingMicro accountCredit cards
Allows hedgingMini accountBank Transfer
Low min depositStandard accountPayPal
Demo accountSkrill
Islamic accountPayoneer
Neteller

 

Pros and Cons

 

✅Pros❌Cons
200,000+ tradersDoesn’t offer VPS
Established in 2006Limited 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.

 

Overall Rating

Min Deposit

USD 100 

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

EasyMarkets Review

 

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.

 

🔎 Broker🥇 easyMarkets
🗓Year Founded2001
👥Amount of StaffApproximately 150
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 100,000
📌Publicly TradedNone
🛡️ RegulationASIC,
CySEC
🏦Country of RegulationAustralia,
Cyprus
💴Account Segregation✅Yes
🔑Negative Balance Protection✅Yes
📑Investor Protection Schemes✅Yes
👤Institutional AccountsNone
📒Managed AccountsNone
📋Minor Account CurrenciesVarious
🪙Minimum Deposit$100
💷Average Deposit/Withdrawal Processing Time1-3 business days
💵Fund Withdrawal FeeNo fee
📉Spreads From0.7 pips
📈CommissionsNo commissions on
standard accounts
💹Number of Base Currencies SupportedOver 50
📊Swap Fees✅Yes
↪️LeverageUp to 1:400
📌Margin RequirementsVaries by asset and
leverage
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeWithin 1 second
📲VPS Hosting✅Yes
📈CFDs TotalOver 200
📉CFD Stock Indices✅Yes
📊CFD Commodities✅Yes
💹CFD Shares✅Yes
💳Deposit OptionsBank transfer,
Credit/Debit cards,
eWallets
🪙Withdrawal OptionsBank transfer,
Credit/Debit cards,
eWallets
🖥️Trading PlatformseasyMarkets Platform,
MetaTrader 4 (MT4)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic 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 ResourcesTrading guides,
market analysis,
webinars
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🗂IB Program✅Yes
💴 Rebate Program✅Yes
🚀 Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 25

Regulators

ASIC, CySEC, FSA, FSC, FSCA

Trading Platform

MT4, MT5, Tradingview

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Allows scalpingMicro accountCredit cards
Allows hedgingMini accountBank Transfer
Low min depositStandard accountPayoneer
Guaranteed stop lossDemo accountNeteller
Offers Negative Balance ProtectionIslamic account

 

Pros and Cons

 

✅Pros❌Cons
No slippage or requotesFixed 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.

 

Overall Rating

Min Deposit

USD 25

Regulators

ASIC, CySEC, FSA, FSC, FSCA

Trading Platform

MT4, MT5, Tradingview

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

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

 

IC Markets Review

 

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 Founded2007
👥Amount of StaffApproximately 200
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 100,000
📌Publicly TradedNone
🫰🏻 Regulation and SecurityHigh
🛡️ RegulationASIC,
CySEC,
FSA
🏦Country of RegulationAustralia,
Cyprus,
Seychelles
💴Account Segregation✅Yes
🔑Negative Balance Protection✅Yes
📑Investor Protection Schemes✅Yes (in regulated regions)
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account CurrenciesVarious
🪙Minimum Deposit$200
💷Average Deposit/Withdrawal Processing Time1-2 business days
💵Fund Withdrawal FeeNo fee
📉Spreads From0.0 pips
📈CommissionsYes, on certain accounts
💹Number of Base Currencies SupportedOver 10
📊Swap Fees✅Yes
↪️LeverageUp to 1:500
📌Margin RequirementsVaries by asset and leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeTypically within 1 second
📲VPS Hosting✅Yes
📈CFDs TotalOver 200
📉CFD Stock Indices✅Yes
📊CFD Commodities✅Yes
💹CFD Shares✅Yes
💳Deposit OptionsBank transfer,
Credit/Debit cards,
eWallets
🪙Withdrawal OptionsBank transfer,
Credit/Debit cards,
eWallets
🖥️Trading PlatformseasyMarkets Platform,
MetaTrader 4 (MT4)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic calendar,
market news,
trading signals
🥰 Customer SupportResponsive
🗣️Live Chat Availability✅Yes
📧Customer Support Email Addresssupport@icmarkets.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn
🔖Languages Supported on WebsiteEnglish,
Chinese,
Arabic,
and more
📌 Educational Resources and SupportMultiple
📜Forex Course✅Yes
🖥Webinars✅Yes
📚Educational ResourcesTrading guides,
market analysis,
webinars
Partnerships and ProgramsAffiliate
and IB
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🗂IB Program✅Yes
✅Rebate Program✅Yes
🚀 Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 200

Regulators

FSA

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Allows scalpingMicro accountCredit cards
Allows hedgingMini accountBank Transfer
Offers STPStandard accountPayoneer
Low min depositZero spread accountNeteller
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.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSA

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

eToro Review

 

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 Founded2007
👥Amount of Staff1,500+
🧑🏽‍🤝‍🧑🏽Amount of Active Traders20 million+
📌Publicly Traded✅Yes
🛡️ RegulationFCA (UK),
CySEC (Cyprus),
ASIC (Australia)
🏦Country of RegulationUK,
Cyprus,
Australia
Safety and SecurityHigh
💴Account Segregation✅Yes
🔑Negative Balance Protection✅Yes
📑Investor Protection Schemes✅Yes
👤Institutional AccountsNone
📒Managed AccountsNone
📋Minor Account CurrenciesUSD,
EUR,
GBP,
AUD,
etc.
🪙Minimum DepositNone
💷Average
Dep./Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal Fee$5 per withdrawal
📉Spreads From1 pip (Forex),
0.09% (Stocks)
📈CommissionsZero commissions
on real stocks
💹Number of Base
Currencies Supported
9
📊Swap Fees✅Yes
(Overnight fees)
↪️LeverageUp to 1:30 (Retail),
Up to 1:400
(Professional)
📌Margin
Requirements
Depends on
leverage used
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeMarket dependent,
typically instant
📲VPS HostingNone
📈CFDs Total2,000+
📉CFD Stock Indices13+
📊CFD Commodities20+
💹CFD Shares1,700+
💳Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
etc.
🪙Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
etc.
🖥️Trading PlatformseToro proprietary
platform
(Web and Mobile)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsSocial trading,
CopyTrader,
News feed
🗣️Live Chat AvailabilityNone
📧Customer Support Email AddressProvided via
support
ticket system
📞Customer Support Contact NumberNot listed,
primarily through
online support
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
🔖Languages
Supported on Website
English,
Spanish,
German,
French,
Italian,
and more
📜Forex Course✅Yes
🖥Webinars✅Yes
📚Educational ResourcesTrading academy,
eBooks,
guides,
videos
🤝Affiliate Program✅Yes
👥Amount of Partners30,000+
🗂IB Program✅Yes
❓Notable Events or Teams?✅Yes
✅Rebate ProgramNone
🚀 Open an AccountOpen Account

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Offers STPMicro accountCredit cards
Low min depositMini accountBank Transfer
Standard accountPayoneer
Islamic accountNeteller
Demo accountPayPal
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 tradingLimited 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.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Our Verdict

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

 

fpmarkets Review

 

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 Founded2005
👥Amount of StaffApproximately 100
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 40,000
📌Publicly TradedNone
🚩Regulation and
Security
High
🛡️ RegulationASIC,
CySEC
🏦Country of RegulationAustralia,
Cyprus,
💴Account Segregation✅Yes
🔑Negative Balance
Protection
✅Yes
📑Investor Protection
Schemes
✅Yes
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account
Currencies
Various
🪙Minimum Deposit$100
💷Average
Deposit/Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal FeeNo fee
📉Spreads From0.0 pips
📈CommissionsYes, on certain accounts
💹Number of Base
Currencies Supported
Over 50
📊Swap Fees✅Yes
↪️LeverageUp to 1:500
📌Margin RequirementsVaries by asset and leverage
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeTypically within 1 second
📲VPS Hosting✅Yes
⭐CFDs-Total OfferedOver 10,000
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💳Deposit OptionsBank transfer,
Credit/Debit cards,
eWallets
🪙Withdrawal OptionsBank transfer,
Credit/Debit cards,
eWallets
🖥️Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5),
IRESS
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic calendar,
market news,
trading signals
🗣️Live Chat Availability✅Yes
📧Customer Support Email Addresssupport@fpmarkets.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn
🔖Languages Supported on WebsiteEnglish,
Chinese,
Arabic,
and more
📜Forex Course✅Yes
🖥Webinars✅Yes
📚Educational ResourcesTrading guides,
market analysis,
webinars
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🗂IB Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Trading benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Offers STPMicro accountCredit cards
Low min depositMini accountBank Transfer
Standard accountPayoneer
Islamic accountNeteller
Demo accountPayPal
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 tradingLimited 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.

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

XM Review

 

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 Founded2009
👥Amount of StaffApproximately 300
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 1,000,000
📌Publicly TradedNone
⭐ Regulation and SecurityHigh
🛡️ RegulationASIC,
CySEC,
FCA
🏦Country of RegulationAustralia, Cyprus, UK
💴Account Segregation✅Yes
🔑Negative Balance
Protection
✅Yes
📑Investor Protection
Schemes
✅Yes (in regulated regions)
👤Institutional Accounts✅Yes
📒Managed AccountsNone
📋Minor Account
Currencies
Various
🪙Minimum Deposit$5
💷Average
Deposit/Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal FeeNo fee
📉Spreads From0.0 pips
📈CommissionsNo commissions on
standard accounts
💹Number of Base Currencies SupportedOver 50
📊Swap Fees✅Yes
↪️LeverageUp to 1:888
📌Margin RequirementsVaries by asset and
leverage
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeTypically within 1 second
📲VPS Hosting✅Yes
📈CFDs TotalOver 1,000
📉CFD Stock Indices✅Yes
📊CFD Commodities✅Yes
💹CFD Shares✅Yes
💳Deposit OptionsBank transfer,
Credit/Debit cards,
eWallets
🪙Withdrawal OptionsBank transfer,
Credit/Debit cards,
eWallets
🖥️Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5),
XM WebTrader
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic calendar,
market news,
trading signals
🥰 Customer SupportResponsive
🗣️Live Chat Availability✅Yes
📧Support Email
Address
support@xm.com
📞Support Contact
Number
Varies by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn
🔖Languages Supported
on Website
English,
Chinese,
Arabic,
and more
📜Forex Course✅Yes
🖥Webinars✅Yes
📚Educational ResourcesTrading guides,
market analysis,
webinars
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🗂IB Program✅Yes
✅Rebate Program✅Yes
🚀 Open an Account👉 Open Account

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Negative Balance ProtectionMicro accountWire Transfer
Low SpreadsXM Zero accountCredit/Debit
Low CommissionNeteller
Hedging AllowedUnionPay
Scalping AllowedWebMoney
Qiwi

 

Pros and Cons

 

✅Pros❌Cons
Intuitive and user-friendly platformHigher spreads
Extensive educational resourcesLimited asset classes
Regulated by multiple top-tier authoritiesLeverage is capped at 30:1 for retail clients
No requotes or hidden feesLimited 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.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

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

 

 Oanda Review

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 Founded1996
👥Amount of StaffOver 1,000
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 100,000
📌Publicly TradedNone
⭐ Regulation and SecurityHigh
🛡️RegulationFCA,
CFTC,
ASIC,
IIROC
🏦Country of RegulationUK,
USA,
Australia,
Canada,
Japan
💴Account Segregation✅Yes
🔑Negative Balance Protection✅Yes
📑Investor Protection Schemes✅Yes
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account Currencies✅Yes
🪙Minimum Deposit$0
💷Average
Deposit/Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal FeeVaries by method
📉Spreads From0.1 pips
📈CommissionsVaries by account type
and trading volume
💹Number of Base
Currencies Supported
50+
📊Swap FeesVaries
↪️LeverageUp to 1:200
📌Margin RequirementsDepends on account
type and instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeInstant to a
few seconds
📲VPS HostingAvailable for eligible
accounts
📈 CFDs TotalOver 100
📉 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 PlatformsOANDA fxTrade,
MetaTrader 4 (MT4),
MetaTrader 5 (MT5)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsAdvanced charting,
trading signals,
news feeds
📌Customer SupportResponsive
🗣️Live Chat Availability✅Yes
📧Customer Support Email Addresssupport@oanda.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn
🔖Languages Supported on OANDA WebsiteMultiple languages
including English,
Spanish,
German
📜Forex CourseAvailable
🖥WebinarsRegular webinars
📚Educational ResourcesGuides,
articles,
video tutorials
🤝Affiliate Program✅Yes
👥Amount of PartnersNumerous
🗂IB Program✅Yes
✅Rebate ProgramAvailable
🚀 Open a account👉 Open Account

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Mobile TradingStandard accountWire Transfer
Excellent Charting ToolsPremium accountCredit/Debit
Educational MaterialsPayPal

 

Pros and Cons

 

✅Pros❌Cons
No minimum deposit requirementSpreads can be higher
Regulated by top-tier authoritiesLimited range of asset classes
User-friendly platforms with advanced toolsNo bonuses or promotions offered.
Strong reputation for transparencyLeverage 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.

 

Overall Rating

Min Deposit

USD 0

Regulators

ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA

Trading Platform

MT5, TradingView, OANDA Mobile app

Crypto

Yes

Total Pairs

71

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

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

 

FXTM Review

 

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 Founded2011
👥Amount of StaffApproximately 200
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 1,000,000
📌Publicly TradedNone
Regulation and SecurityHigh
🛡️ RegulationFCA,
CySEC,
FSC,
CIMA
🏦Country of RegulationUK,
Cyprus,
Mauritius,
Belize
💴Account Segregation✅Yes
🔑Negative Balance Protection✅Yes
📑Investor Protection
Schemes
✅Yes
👤Institutional Accounts✅Yes
📒Managed AccountsNone
📋Minor Account CurrenciesVarious
🪙Minimum Deposit$10
💷Average Deposit/Withdrawal Processing Time1-2 business days
💵Fund Withdrawal FeeNo fee
📉Spreads From0.0 pips
📈Commissions✅Yes
💹Number of Base Currencies SupportedOver 50
📊Swap Fees✅Yes
↪️LeverageUp to 1:1000
📌Margin RequirementsVaries by asset and leverage
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeTypically within 1 second
📲VPS Hosting✅Yes
📈CFDs TotalOver 250
📉CFD Stock Indices✅Yes
📊CFD Commodities✅Yes
💹CFD Shares✅Yes
💳Deposit OptionsBank transfer,
Credit/Debit cards,
eWallets
🪙Withdrawal OptionsBank transfer,
Credit/Debit cards,
eWallets
🖥️Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5),
FXTM Trader
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic calendar,
market news,
trading signals
🥰 Customer SupportResponsive
🗣️Live Chat✅Yes
📧Support Email
Address
support@fxtm.com
📞Support Contact
Number
Varies by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn
🔖Languages Supported
on Website
English,
Arabic,
Chinese,
Spanish,
and more
🧩 Educational Resources and SupportMultiple
📜Forex Course✅Yes
🖥Webinars✅Yes
📚Educational ResourcesTrading guides,
market analysis,
webinars
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🗂IB Program✅Yes
✅Rebate Program✅Yes
🚀 Open an Account👉 Open Account

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Unbeatable trading costsStandard accountBank Wire Transfer
Lightning-fast executionPremium accountCredit/Debit Cards
Globally trustedCent accountElectronic Payment Systems
Local Bank Transfers

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅Pros❌Cons
Tight spreadsInactivity 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.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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.

 

City Index Review

 

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+ instrumentsincluding Stocks, Shares, Forex, Cryptos, and Commodities.

 

🔎 Broker🥇 City Index
🗓Year Founded1983
👥Amount of StaffApproximately 300
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 100,000
📌Publicly TradedLondon Stock
Exchange (LSE)
🛡️RegulationFCA,
ASIC, etc.
🏦Country of RegulationUK,
Australia
💴Account Segregation✅Yes
🔑Negative Balance
Protection
✅Yes
📑Investor Protection
Schemes
✅Yes
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account
Currencies
✅Yes
🪙Minimum Deposit$100
💷Average
Deposit/Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal FeeVaries by method
📉Spreads From0.5 pips
📈CommissionsVaries by account
type and trading
volume
💹Number of Base Currencies Supported80+
📊Swap FeesVaries
↪️LeverageUp to 1:200
📌Margin RequirementsDepends on account
type and instrument
☪️Islamic Account✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeInstant to a
few seconds
📲VPS HostingAvailable for
eligible accounts
📈CFDs TotalOver 12,000
📉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
🖥️Trading PlatformsCity Index platform,
MetaTrader 4
(MT4)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsAdvanced charting,
trading signals,
news feeds
🗣️Live Chat Availability✅Yes
📧Customer Support Email Addresssupport@cityindex.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🔖Languages Supported on City Index WebsiteMultiple languages
📜Forex CourseAvailable
🖥WebinarsRegular webinars
📚Educational ResourcesGuides,
articles,
video tutorials
🤝Affiliate Program✅Yes
👥Amount of PartnersNumerous
🗂IB Program✅Yes
❓Do They Sponsor ✅Yes
✅Rebate ProgramAvailable
🚀 Open a account👉 Open Account

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, ASIC, MAS, FSCS

Trading Platform

MT4, WebTrader

Crypto

No

Total Pairs

84

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Trading Benefits

 

📱Trading Features:👥Accounts offered:💳Funding methods:
Allows hedgingStandard accountCredit cards
Offers STPManaged accountBank Transfer
Low min depositCent accountPayoneer
Guaranteed stop lossMini account
Demo account

 

Pros and Cons

 

✅Pros❌Cons
User-friendly platformsHigher spreads
compared to some
competitors.
Wide range of assetsLimited 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.

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, ASIC, MAS, FSCS

Trading Platform

MT4, WebTrader

Crypto

No

Total Pairs

84

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

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

 

Forex.com Review

 

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 metalsTraders can trade over 80 currency pairs and silver and gold.

 

🔎 Broker🥇 Forex.com
🗓Year Founded2001
👥Amount of StaffOver 500
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 200,000
📌Publicly TradedYes, listed on the New
York Stock Exchange
(NYSE)
🛡️RegulationFCA,
CFTC,
ASIC,
etc.
🏦Country of RegulationUK,
USA,
Australia,
etc.
💴Account Segregation✅Yes
🔑Negative Balance
Protection
✅Yes
📑Investor Protection
Schemes
✅Yes
👤Institutional Accounts✅Yes
📒Managed AccountsNo
📋Minor Account
Currencies
✅Yes
🪙Minimum Deposit$100
💷Average
Deposit/Withdrawal
Processing Time
1-2 business days
💵Fund Withdrawal FeeVaries by method
📉Spreads From0.2 pips
📈CommissionsVaries
💹Number of Base
Currencies
Supported
80+
📊Swap FeesVaries
↪️LeverageUp to 1:200
📌Margin RequirementsDepends on account
type and instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution TimeInstant to a
few seconds
📲VPS HostingAvailable for
eligible accounts
📊CFDs TotalOver 300
📉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 PlatformsForex.com platform,
MetaTrader 4 (MT4),
MetaTrader 5 (MT5)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsAdvanced 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 SupportedMultiple languages
including English,
Spanish, German
🚩Educational Resources and Support Multiple Sources
📜Forex Course✅Yes
🖥WebinarsRegular webinars
📚Educational ResourcesGuides,
articles,
video tutorials
🤝Affiliate Program✅Yes
👥Amount of PartnersNumerous
🗂IB Program✅Yes
💴Rebate Program✅Yes
🚀 Open a account👉 Open Account

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, CFTC, ASIC

Trading Platform

MT5, Proprietary

Crypto

Yes

Total Pairs

91

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅Pros❌Cons
Advanced trading
platforms
Higher spreads
compared to some
competitors.
Wide range of assetsLimited 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.

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, CFTC, ASIC

Trading Platform

MT5, Proprietary

Crypto

Yes

Total Pairs

91

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

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

 

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.

 

Intermediate Trader

 

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:

 

 

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.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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