Overview
The New York Stock Exchange (NYSE) is the largest equities-based exchange in the world, based on the total market capitalization of its listed securities.
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Formerly run as a private organization, the NYSE became a public entity on March 8, 2006, following the acquisition of the electronic trading exchange Archipelago.
When a Forex broker becomes listed on the New York Stock Exchange, it is typically seen as an indication of that company’s success in terms of its net worth and the volume of its transactions.
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In this article, we explore the 27 best NYSE Forex brokers, so that you can narrow down your search for the most reputable option to take your trading career to the next level.
Here are our 10 Best NYSE Forex Brokers
Let’s get started with the full breakdown of the Best NYSE Forex Brokers.
RoboMarkets
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, MT5, R Trader
Crypto
Yes
Total Pairs
35
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
RoboMarkets was founded in 2013 and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), providing segregated trading accounts and a Negative balance protection policy as a regulatory requirement.
More than 200,000 trading accounts have been opened at RoboMarkets and the broker is also an Official Partner of BMW M Motorsport.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low forex fees Easy and fast account opening Free deposit and withdrawal | No Negative Account Balance Protection A limited number of available CFDs |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 0.0 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/7 |
FXTM
Overall Rating
- 4.6/5
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
Overview
Launched in 2011, Forextime.com (FXTM) quickly became a well-known name in the world of Forex trading.
With an extremely efficient platform and several trading requirements met, they are licensed and regulated by both CySEC (Cyprus) and the FSB (South Africa).
They offer several benefits to their clients and cater to the whole spectrum of experience and knowledge from beginners to high-value investors.
Pros and Cons
| ✔️PROS | ❌CONS |
| Superb customer service | Inactivity and withdrawal fees |
| High maximum leverage | Limited product portfolio |
| Great educational tools |
Features
| Feature | Information |
| Regulation | CySEC, FCA, FSCA |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission |
| Deposit/Withdrawal Fees | US Dollar 3 |
| Maximum Leverage | 1:500 on average |
| Bonuses | US Dollar 300 Trading Bonus |
| Customer Support | 24/5 |
eToro
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.
Overview
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs.
eToro has proven itself trustworthy within the industry over many years and come highly recommended.
Although eToro focuses on more than just cryptocurrency trading, it is a useful platform for those who invest in cryptocurrency or trade it.
The additional features of eToro are what give it an edge, such as CopyPortfolios and various graphs. The platform is also highly intuitive, something that will appeal to everyone.
Pros and Cons
| ✔️Pros Advanced copy trading software Low minimum deposit No deposit fees | ❌Cons High withdrawal fees High trading fees for forex Only one base currency available for accounts |
Features
| Feature | Information |
| Regulation | CySEC, FCA, ASIC |
| Minimum deposit from | US Dollar 50 |
| Average spread from | 0.75 pips |
| Commissions from | No commission on stocks and ETFs |
| Deposit/Withdrawal Fees | US Dollar 5 |
| Maximum Leverage | 1:30 |
| Bonuses | US Dollar 50 Welcome Offer And US Dollar 50 Per Referral |
| Customer Support | 24/5 – multilingual |
LiteForex
Overall Rating
- 4.7/5
Min Deposit
USD 50
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
LiteForex is a Forex broker operational since 2005 and registered as a corporation in the Marshall Islands since 2013.
Traders may choose between the MT4/MT5 trading platform from the Classic and ECN account, the former commission-free, and the latter commission-based.
New retail traders with smaller deposits who seek outstanding educational value in their broker, together with in-depth research, may consider LiteForex as an option.
Pros and Cons
| ✔️PROS | ❌CONS |
| Social trading available MetaTrader 4 and 5 are available Multilingual customer support | Limited trading instruments No VPS available |
Features
| Feature | Information |
| Regulation | Marshall Islands Business Corporation Act |
| Minimum deposit from | US Dollar 50 |
| Average spread from | 1.9 pips |
| Commissions from | No commissions |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | 100% forex deposit bonus |
| Customer Support | 24/5 |
Interactive Brokers
Overall Rating Min Deposit USD 0 Regulators FCA, ASIC, NYSE, SEC, FINRA, IIROC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK Trading Platform Trader Workstation (TWS), IBKR Mobile, WebTrader Crypto Yes Total Pairs 90 Islamic Account No Trading Fees Low Account Activation 24 Hours
Overview
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities — including foreign stocks — and ridiculously low margin rates.
It’s a new offering, IBKR Lite, which offers commission-free trades of stocks and ETFs.
Pros and Cons
| ✔️PROS | ❌CONS |
| Wide range of products Excellent research tools Well regulated | Complicated account opening process |
Features
| Feature | Information |
| Regulation | FCA, ASIC, NYSE, SEC, FINRA, IIROC |
| Minimum deposit from | None |
| Average spread from | 0.1 pips |
| Commissions from | US Dollar 0.65 |
| Deposit/Withdrawal Fees | Varies depending on the payment method |
| Maximum Leverage | 1:40 |
| Bonuses | None |
| Customer Support | 24/6 |
Markets.com
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
FSC, FSCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
57
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Markets.com is a part of the TradeTech Group, a constituent of Playtech PLC and an FTSE 250 listed company.
The broker offers the ability to trade on more than 2,200+ CFD instruments with a MarketsX account, as well as real stocks and shares with a Markets account. Users can also trade on MetaTrader and the broker’s own, feature-rich MarketsX web platform.
Pros and Cons
| ✔️PROS | ❌CONS |
| Free and fast deposit and withdrawal | Limited product portfolio |
| Easy and fast account opening |
Features
| Feature | Information |
| Regulation | CySEC, FCA, ASIC, FSC, FSCA |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 1.9 pips |
| Commissions from | 1% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | US Dollar 25 No Deposit Bonus |
| Customer Support | 24/5 |
Saxo Bank
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
MAS, FCA
Trading Platform
SaxoTraderGO, SaxoTraderPRO
Crypto
Yes
Total Pairs
190
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Saxo Bank is a fully licensed European bank and is one of the best-known players in the global brokerage industry.
As one of the most transparent and trusted banks as well as brokers in the world, it caters to new traders as well as to professional traders, institutions, and hedged funds.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low trading fees Transparent fee structure | Relatively slow account opening Very high minimum deposit |
Features
| Feature | Information |
| Regulation | FCA, ASIC, FINMA |
| Minimum deposit from | US Dollar 10 000 |
| Average spread from | 0.3 pips |
| Commissions from | US Dollar 3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:200 |
| Bonuses | None |
| Customer Support | 24/5 |
FP Markets
Overall Rating
- 4.9/5
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
Overview
FP Markets is an international forex broker offering the MT4, MT5, and Iress trading platforms, along with raw spreads and high leverage.
The award-winning broker offers over 10,000 products, including forex, share CFDs, indices, commodities, and cryptocurrencies. Clients of all levels can choose between ECN or DMA pricing with a range of tools at their disposal.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low forex fees | High stock CFD Fees |
| Streamlined and fast account opening process Fast processing for deposits and withdrawals | Limited product portfolio |
Features
AvaTrade
Overall Rating
- 4.8/5
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
Overview
AvaTrade is a well-established broker that has provided online trading since 2006. Its values are fairness and integrity, uncompromising self-evaluation, customer service, and constant innovation. AvaTrade aims to appeal to traders of all skill levels and to offer adaptable trading platforms.
AvaTrade has more than 200,000 registered clients who complete 2 million trades monthly. The trading volumes are about £60 billion monthly, and that figure is growing. This broker has multilingual support and a range of platform options.
Pros and Cons
| ✔️PROS | ❌CONS |
| A broad range of tradable instruments | High EURUSD and inactivity fees |
| MetaTrader 4 and 5 are available | |
| Excellent educational resources |
Features
| Feature | Information |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission on Forex |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | First Deposit Bonus |
| Customer Support | 24/5 – multilingual |
XM
Overall Rating
- 4.9/5
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
Overview
XM is a part of the XM group, which is a part of the Trading Point of Financial Instruments UK Ltd. It was established in 2009. It managed to become one of the biggest trading firms in the industry.
XM has over 1.5 million clients from 196 countries. They pride themselves on being fair, understanding, and big. They provide many elements that have become useful to traders.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low CFD and withdrawal fees | Average forex fees |
| Great educational tools | Inactivity fees |
Features
| Feature | Information |
| Regulation | IFSC, ASIC, CySEC, FCA and DFSA |
| Minimum deposit from | US Dollar 5 |
| Average spread from | 0.1 pips |
| Commissions from | US Dollar 3.5 commission per US Dollar 100 000 traded |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:30 |
| Bonuses | US Dollar 30 Trading Bonus |
| Customer Support | 24/5 |
InstaForex
Overall Rating Min Deposit USD 1 Regulators FSC Trading Platform MT4, MT5, Multi-Terminal, WebTrader, MobileTrader Crypto Yes Total Pairs 4 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Overview
Whether prospective investors are newcomers to the money markets or whether they already have plenty of experience in Forex trading, InstaForex has an account type suited to their individual needs.
Beginners can start with an Insta. Eurica account, the benefit of which is that it has no spread and allows newcomers to try out strategies and get an understanding of the basics of Forex trading before registering for a more complex account.
Pros and Cons
| ✔️PROS | ❌CONS |
| Well regulated High leverage No minimum deposit |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | No minimum deposit |
| Average spread from | Average floating 0.8 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | 30% Deposit Bonus |
| Customer Support | 24/5 |
IQ Option
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
Proprietary trading platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
Overview
IQ Option opened its digital doors in 2013. To date, the company has welcomed more than 48,000,000 users to the platform with transactions over 1.3 million per day.
Pros and Cons
| ✔️PROS | ❌CONS |
| Well regulated Low minimum deposit | Customer support can be unresponsive |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | US Dollar 10 |
| Average spread from | Floating spreads from 0.01 pips |
| Commissions from | 0.6% |
| Deposit/Withdrawal Fees | US Dollar 31 withdrawal fee for bank transfer |
| Maximum Leverage | 1:30 in EEA |
| Bonuses | None |
| Customer Support | 24/5 |
easyMarkets
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
Overview
Founded in 2001, easyMarkets is regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
easyMarkets is best known for its proprietary web-based platform that is easy to use and offers two beginner-friendly features: dealCancellation and Freeze Rate.
Pros and Cons
| ✔️Pros The highly simulated demo environment Responsive and professional customer support | ❌Cons The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.9 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | US Dollar 25 Sign Up Bonus |
| Customer Support | 24/5 |
Pepperstone
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
ASIC, FCA, CySEC, DFSA
Trading Platform
MT4, MT5, cTrader, TradingView, Pepperstone Platform
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Pepperstone is an Australian online broker specializing in ECN Forex trading. Pepperstone Group Limited is one of the largest names in the Australian currency trading market, with a daily turnover/trading volume of US Dollar 5.2 billion.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low forex and equity index CFDs No deposit fee Negative balance protection | Only forex, CFDs, and cryptos are available |
Features
| Feature | Information |
| Regulation | FCA, ASIC |
| Minimum deposit from | AUD200 |
| Average spread from | 0.4 pips |
| Commissions from | US Dollar 3.76 commission per lot per trade |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
City Index
Overall Rating
- 4.6/5
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
Overview
City Index is a spread betting, FX, and CFD Trading provider based in the UK. City Index is part of GAIN Capital and is regulated by the Financial Conduct Authority.
The company is headquartered in London and has offices in the United Kingdom, Australia, Singapore, and Dubai.
Pros and Cons
| ✔️PROS | ❌CONS |
| Low trading fees No fees for deposit and withdrawal Comprehensive research tools | Limited product portfolio |
Features
| Feature | Information |
| Regulation | FCA, ASIC |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 1.5 pips |
| Commissions from | US Dollar 3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:200 |
| Bonuses | Deposit Bonus |
| Customer Support | 24/6 |
Oanda
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CFTC, NFA
Trading Platform
MT4, TradingView, OANDA Mobile app
Crypto
Cryptocurrencies are available through Paxos. Paxos is a separate legal entity from OANDA
Total Pairs
68
Islamic Account
None
Trading Fees
Low
Account Activation
24 Hours
Overview
OANDA is a market maker, meaning it may profit directly from client losses; OANDA Europe lists the failure rate of traders at 73.5%. The majority of OANDA’s income is derived from the mark-up on spreads.
With over 70 currency pairs, OANDA provides comprehensive coverage of the Forex market, its primary asset class. An entry-level selection of precious metals and commodities allows traders a fair number of diversification opportunities.
Pros and Cons
| ✔️PROS | ❌CONS |
| Relatively low trading fees | Limited product portfolio |
| No minimum deposit required | |
| Easy account opening process |
Features
| Feature | Information |
| Regulation | FCA, RFID |
| Minimum deposit from | None |
| Average spread from | 1.6 pips |
| Commissions from | US Dollar 0.01 USD per trade |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
AMarkets
Overall Rating
- 4.3/5
Min Deposit
USD 100
Regulators
FSA, IFC
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
AMarkets is a financial broker providing an extensive variety of electronically traded products, including 50 currency pairs, a wide range of CFDs on Indices, commodities, stocks, ETFs, and Metals, through both the popular MetaTrader 4 and xStation.
Founded in 2007 in Russia, AMarkets is an offshore broker, registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG).
AMarkets is a reliable award-winning FX broker with almost 10 years of experience in the industry, offering a variety of trading instruments, platforms, account types, and solutions to its clients.
Pros and Cons
| ✔️PROS | ❌CONS |
| Advanced trading platforms | Liberal regulation |
| Low minimum deposit | |
| High leverage |
Features
| Feature | Information |
| Regulation | CRFIN |
| Minimum deposit from | US Dollar 1 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 5 per lot on ECN accounts |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | US Dollar 30 No Deposit Bonus |
| Customer Support | 24/5 |
Grand Capital
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
FinaCom
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Grand Capital has a long and distinguishable history of binary and forex options trading. Offering trading options to traders all over the world, they have their base in Saint Petersburg, Russia, and operate in Europe, Russia, Africa, and Asia.
Pros and Cons
| ✔️PROS | ❌CONS |
| The high amount of tradable assets | Limited educational resources |
| Competitive fees | |
| Advanced trading platforms |
Features
| Feature | Information |
| Regulation | FinaCom |
| Minimum deposit from | US Dollar 10 |
| Average spread from | 2.2 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:2000 |
| Bonuses | US Dollar 500 No Deposit Bonus |
| Customer Support | 24/5 |
FortFS
Overall Rating
- 3/5
Min Deposit
USD 5
Regulators
IFSC
Trading Platform
MT4, MT5, NinjaTrader, CQG
Crypto
Yes
Total Pairs
150+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Fort Financial Services Ltd was founded in 2010 and operates from St Vincent and the Grenadines.
The team has since expanded its services to Asia, with additional offices established in Malaysia and Indonesia. Its clients too can be found worldwide, from the UK to Singapore and South Africa.
FortFS provides trading services in forex, CFDs, and futures markets on several trusted platforms, catering to all levels of traders.
Pros and Cons
| ✔️PROS | ❌CONS |
| MT4 and MT5 are available | High commission and spreads |
| Social trading available | |
| Excellent market analysis |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit from | US Dollar 5 |
| Average spread from | 0.4 pips |
| Commissions from | US Dollar 10 on CFDs |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | US Dollar 100 No Deposit Bonus |
| Customer Support | 24/5 |
TradeStation
Overall Rating
- 4.7/5
Min Deposit
USD 500
Regulators
FINRA, SEC
Trading Platform
Web trading platform
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
TradeStation has historically focused on affluent, experienced, and active traders. The company’s goal going forward is to broaden its appeal and reach with pricing changes and new services.
TradeStation’s desktop platform includes several powerful tools, the ability to backtest trading strategies, and the ability to use add-on products found in the TradingApp store, supplied by third parties as well as TradeStation developers.
Pros and Cons
| ✔️PROS | ❌CONS |
| Great web and mobile platform | Customer service is lacking |
| Low stock and ETF fees | |
| Comprehensive educational tools |
Features
| Feature | Information |
| Regulation | FINRA, CME, and SIPC |
| Minimum deposit from | US Dollar 1 |
| Average spread from | 0.9 pips |
| Commissions from | 1% per trade |
| Deposit/Withdrawal Fees | US Dollar 25 for wire transfers |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
Colmex Pro
Overall Rating
- 4.2/5
Min Deposit
USD 250
Regulators
CySEC, FCS, BaFin, CNMV
Trading Platform
MT4, WebTrader, Colmex Pro Multitrader
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Colmex Pro is a regulated investment firm that offers services to a diverse group of clients. It provides a wide range of investment tools that help clients and investors to capitalize on their time trading on the stock market.
It has six trading platforms available to all clients and other options including web trader, mobile, and tablet programs. With these at hand, you can track your account activities from anywhere in the world.
Pros and Cons
| ✔️PROS | ❌CONS |
| Advanced trading platforms | Limited demo accounts |
| Numerous trading strategies allowed | |
| Good execution speeds |
Features
| Feature | Information |
| Regulation | CySEC, FSCA |
| Minimum deposit from | US Dollar 500 |
| Average spread from | 0.9 pips |
| Commissions from | US Dollar 1.5 |
| Deposit/Withdrawal Fees | Variable |
| Maximum Leverage | 1:30 |
| Bonuses | None |
| Customer Support | 24/5 |
HMS Markets
Overall Rating
4.3/5
Rated #431 of
Recommended FX Brokers
Minimum DepositUSD 0
RegulatorsFINRA, SEC, NFA
No Trading Desk
Yes
📈 Total Pairs
180
Islamic AccountYes
Trading FeesLow
24 Hours
Overview
Established in 1972 and regulated by the Commission de Surveillance du Secteur Financier Luxembourg (CSSF), HMS LUX S.A. is one of Luxembourg’s leading inter-dealer brokerage firms servicing banks, hedge funds, active traders, and investors across the globe.
Pros and Cons
| ✔️PROS | ❌CONS |
| Wide variety of trading instruments | Low leverage |
| Advanced trading platforms | |
Features
| Feature | Information |
| Regulation | CSSF |
| Minimum deposit from | Not indicated |
| Average spread from | 2 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:40 |
| Bonuses | None |
| Customer Support | 24/5 |
Just2Trade
Overall Rating
- 4.6/5
Min Deposit
USD 100
Regulators
CySEC, FINRA, SIPC, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Just2Trade is a deep discount online broker that offers some of the lowest commission rates in the industry while at the same time having powerful and sophisticated trading software for active traders.
Their website has a simple layout that provides all the necessary information you need when checking out a broker.
Pros and Cons
| ✔️PROS | ❌CONS |
| Well regulated | Leverage restricted for non-professionals |
| Participates in the investor compensation fund | |
| Negative balance protection |
Features
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | US Dollar 100 |
| Average spread from | Variable |
| Commissions from | US Dollar 2.50 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
TD Ameritrade
Overview
TD Ameritrade requires a US Dollar 0 minimum investment and delivers standout features, including extensive — and free — research and data, portfolio-building guidance, US Dollar 0 commissions for the stock, options, and exchange-traded fund trades.
The broker has nearly 300 branches for in-person customer support. Investors have a choice of four trading platforms.
TD Ameritrade aces the investment selection category by offering the full range of investments, including futures and forex and Bitcoin futures trading for approved clients.
As for the less exotic stuff, the broker’s selection of over 4,000 no-transaction-fee mutual funds is equal to or exceeds what’s offered at other big-name brokers like Charles Schwab and Fidelity.
TD Ameritrade also excels at offering low-cost and low-minimum funds, with over 11,000 mutual funds on its platform with expense ratios of 0.50% or less, and over 10,000 with investment minimums of US Dollar 100 or less. It’s an ideal broker for beginner fund investors.
Pros and Cons
| ✔️PROS | ❌CONS |
| Large portfolio of investment products | High spreads |
| No commission fees | |
| No minimum deposit |
Features
| Feature | Information |
| Regulation | NFA, SIPC, FINRA |
| Minimum deposit from | None |
| Average spread from | 2.0 pips |
| Commissions from | No commission |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 50:1 |
| Bonuses | Up to US Dollar 600 cash promotion |
| Customer Support | 24/7 support |
CommSec
Overall Rating
- 4.4/5
Min Deposit
USD 0
Regulators
ASIC
Trading Platform
CommSec Webtrader, CommSec Mobile App, CommSecIRESS
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
The Australian-based CommSec brokerage has been in business for over 20 years. The full name of this brokerage company is Commonwealth Securities Limited and is a subsidiary of Commonwealth Bank of Australia.
Since this firm is a branch of one of Australia’s four main banks, locals tend to be trusting of the company, proving that brand recognition is one of the keys to their success. The main activity of this brokerage is share trading, otherwise known as stock trading.
Pros and Cons
| ✔️PROS | ❌CONS |
| Relatively low minimum deposit | Limited account funding options |
| Comprehensive educational resources | |
| Chess-sponsored shares |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | US Dollar 50 |
| Average spread from | Variable |
| Commissions from | US Dollar 10 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | US Dollar 100 Sign Up Bonus |
| Customer Support | 24/5 support |
Alvexo
Overall Rating
- 4.6/5
Min Deposit
USD 500
Regulators
CySEC
Trading Platform
MT4, WebTrader, Trading App
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overview
Alvexo offers CFD trading in over 450 assets across five categories and claims that technology fulfills a vital role in its trading environment.
This broker has a research department, hosts annual events, and provides traders with the MT4 trading platform on top of its proprietary WebTrader. Education is also highlighted in Alvexo’s approach to achieving long-term trading satisfaction.
Pros and Cons
| ✔️PROS | ❌CONS |
| Well regulated | High minimum deposit |
| Segregated client funds | |
| Commission-free trading |
Features
| Feature | Information |
| Regulation | CySEC, FCA |
| Minimum deposit from | US Dollar 500 |
| Average spread from | 3.3 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | None |
| Customer Support | 24/5 support |
Abshire Smith
Overall Rating
- 4.2/5
Min Deposit
USD 500
Regulators
FCA
Trading Platform
Vertex FX 10, MT4, Stratacator
Crypto
Yes
Total Pairs
40+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Abshire-Smith, founded in 2011 and located in London and Wales, is a Forex and CFD broker, authorized and regulated by the Financial Conduct Authority.
Abshire-Smith also trades commodities, shares, options, spread bet, futures, government, and public securities. Client funds are held in segregated accounts.
Abshire-Smith provides tailored trading accounts with different specifications to meet the requirements of all clients.
There are several different types of accounts. A live trading account can be opened using any of the broker’s trading platforms—Vertex FX 10, MetaTrader4, and Stratacator.
Pros and Cons
| ✔️PROS | ❌CONS |
| Well regulated | High minimum deposit |
| Multiple advanced trading platforms | |
| STP broker model with deep liquidity |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | US Dollar 500 |
| Average spread from | 0.7 pips |
| Commissions from | US Dollar 18 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 support |
FAQ’s
What is the New York Stock Exchange?
The New York Stock Exchange (NYSE) is the largest equities-based exchange in the world, based on the total market capitalization of its listed securities.
Formerly run as a private organization, the NYSE became a public entity on March 8, 2006, following the acquisition of the electronic trading exchange Archipelago.
What does it mean if a Forex broker is listed on the New York Stock Exchange?
When a Forex broker becomes listed on the New York Stock Exchange, it is typically seen as an indication of that company’s success in terms of its net worth and the volume of its transactions.
Which are the best brokers listed on the New York Stock Exchange?
Check our comprehensive list of the 27 best brokers listed on the NYSE directly from the Forex Suggest website
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