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10 Best PAMM Account Forex Brokers

Best PAMM Account Forex Brokers

 

The 10 Best Forex Brokers with PAMM Accounts revealed. We have rated and reviewed the Best PAMM Account Forex Brokers.

 

In this in-depth write-up you will learn:

 

  • A List of the 10 Best PAMM Account Forex Brokers.
  • Pros and Cons of PAMM Accounts.
  • What is a PAMM Account Forex Broker?

 

and much, much more!

 

🔍Forex Broker🎁Sign Up Here💵Minimum Deposit⬆️Leverage
🥇AvaTrade👉 Click Here$100 USD1:400
🥈RoboForex👉 Click Here$101:2000
🥉FxPro👉 Click Here$1001:200
🏅IC Markets👉 Click Here$2001:500
🏆FP Markets👉 Click Here$1001:500
🎖️Pepperstone👉 Click Here$0 USD1:400
🥇HFM👉 Click Here$1001:2000
🥈FBS👉 Click Here$5 USD1:3000
🥉eToro👉 Click Here$50 USD1:400
🏆OANDA👉 Click Here$0 USD1:500

 

🏆 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

FCA, SCB

MT4, MT5

USD 100

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 100

1:500

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

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

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

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

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

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

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

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

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

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

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

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

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

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.9/5

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

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

10

USD 100

500:1

10 Best PAMM Account Forex Brokers (2025)

 

  1. ☑️AvaTrade – Overall, Best PAMM Account Broker
  2. ☑️RoboForex – Low-Spread PAMM Account
  3. ☑️FxPro – Low Minimum Deposit
  4. ☑️IC Markets – Award-Winning Service Provider
  5. ☑️FP Markets – Best Mobile Trading Experience
  6. ☑️Pepperstone – Popular Broker Choice for Experienced Traders
  7. ☑️HFM – Highly Regulated Broker Choice
  8. ☑️FBS – Excellent Online Trading Experience
  9. ☑️eToro – High Forex Trust Score
  10. ☑️OANDA – PAMM Account with Strict Regulation

 

 

AvaTrade Review

 

1. AvaTrade

AvaTrade empowers investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options.  AvaTrade trading conditions and charges include Zero Fees, No Commissions, a Leverage of up to 400:1, and instant execution.

 

🔍Broker🥇AvaTrade
🔢Year Founded2006
👤Amount of staff200+
👥Amount of active tradersOver 300,000
📌Publicly Traded None
📈RegulationCentral Bank of Ireland (CBI)
Australian Securities
and
Investments
Commission (ASIC)
Financial
Sector
Conduct Authority
(FSCA)
Financial
Services Agency
(FSA) Japan
Abu Dhabi
Global Markets (ADGM)
Financial Services
Regulatory
Authority (FSRA),
and more.
🌎Country of regulationIreland
Australia
Japan
UAE
South Africa
British Virgin Islands
🗂️Account Segregation✅Yes
🌟Negative balance protection✅Yes
💙Investor Protection SchemesCompensation scheme
for eligible
clients under
certain
jurisdictions
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor account currenciesUSD
EUR
GBP
AUD
JPY
CHF
ZAR, and more
💵Minimum Deposit$100
⏰Average deposit/withdrawal processing timeDeposits: Instant
Withdrawals: 1-3
business days
💳Fund Withdrawal FeeNo fees on
most payment
methods,
but some
charges may
apply depending
on the
method used
✏️Spreads from0.9 pips (EUR/USD)
💷CommissionsNo commissions
on most
trades; spreads
apply
🔟Number of base currencies supported10+
💶Swap Fees✅Yes
Swap-free
accounts available
for
Islamic traders
⬆️LeverageUp to 1:400
depending on
jurisdiction
📉Margin requirementsVaries based
on asset and
leverage used
☪️Islamic account (swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeFast execution
generally
less than 1 second
🖥️VPS Hosting✅Yes
for qualifying
accounts
👉CFDs-Total Offered1000+
📈CFD Stock Indices30+
📉CFD Commodities20+
📊CFD Shares600+
💵Deposit OptionsCredit/Debit Card
Bank Transfer
PayPal
Skrill
Neteller
WebMoney, and more
💳Withdrawal OptionsCredit/Debit Card
Bank Transfer
PayPal
Skrill
Neteller
WebMoney, and more
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
AvaTradeGO
WebTrader
AvaOptions
🍎OS CompatibilityWindows
MacOS
iOS
Android
🔩Forex trading toolsAutochartist
Trading Central
Economic Calendar
AvaProtect, and more
🫴🏻Customer Support✅Yes
🗣️Live chat availability✅Yes
💻Customer Support Email addresssupport@avatrade.com
☎️Customer Support Contact NumberVaries by region
accessible through
the website
📱Social media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages supported on FBS WebsiteMultiple languages including
English
Spanish
French
Italian
Arabic, and more
🎓Education and Research✅Yes
✏️Forex course✅Yes (AvaAcademy)
💻Webinars✅Yes
📖Educational ResourceseBooks
Videos
Tutorials
Blog
Market Analysis
🤝Affiliate program✅Yes
👥Amount of partnersThousands globally
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes
Various sponsorships
including the
Manchester City
Football Club)
🎀Rebate program✅Yes
💰Cent or Micro AccountsNone
Offers Standard
and Professional
Accounts
🚀Open an Account👉 Click Here

 

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

 

Pros and Cons

✅Pros❌Cons
Regulated by multiple
authorities
AvaTrade does not
offer managed
accounts,
Offers a wide variety
of financial
instruments
Spreads can be higher
Provides leverage up
to 1:400
Cryptocurrency
trading might
not be available
Access to popular
platforms like
MetaTrader 4 (MT4),
MetaTrader 5 (MT5)
Withdrawal fees
can vary
depending on
the
payment method
Offers swap-free
Islamic accounts
The account
setup
process and
trading
conditions can
be
complex for beginners
Provides VPS
hosting options
Direct stock
trading is
not available

 

Frequently Asked Questions

 

Does AvaTrade offer negative balance protection?

Yes, AvaTrade provides negative balance protection to ensure that traders do not lose more than their account balance.

 

What is the minimum deposit required to open an account with AvaTrade?

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

 

Does AvaTrade provide a demo account?

Yes, AvaTrade offers a demo account, allowing traders to practice trading with virtual funds.

 

Is AvaTrade regulated?

Yes, AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland, ASIC in Australia, and FSCA in South Africa.

 

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 is a well-established, globally regulated forex and CFD broker that caters to both beginner and experienced traders. It offers a wide range of trading instruments, including forex, commodities, stocks, cryptocurrencies, and more, across multiple platforms like MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO app.

 

RoboForex Review

 

2. RoboForex

RoboForex is a well-established service provider with over 11 years of experience in the industry.  RoboForex is fully regulated by the Financial Services Commission (FSC).

 

🔍Broker🥇RoboForex
🔢Year Founded2009
👤Amount of Staff200+
👥Amount of Active Traders1,000,000+
📌Publicly Traded None
📈RegulationIFSC
🌎Country of RegulationBelize, Cyprus
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
🌟Investor Protection Schemes✅Yes
(up to
€20,000 under
CySEC
regulation)
💡Institutional Accounts✅Yes
👉Managed Accounts✅Yes
💵Minor Account CurrenciesUSD
EUR
GBP
CHF
CNY
GOLD
💴Minimum Deposit$10
⏱️Average Deposit/Withdrawal Processing Time1 - 2 business days
💶Fund Withdrawal FeeNone, but
third-party
fees may
apply
✏️Spreads 0.0 pips
💷CommissionsFrom $2 per
lot
(round turn)
6️⃣Number of Base Currencies Supported6
💸Swap Fees✅Yes
⬆️LeverageUp to 1:2000
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 1 second
🖥️VPS Hosting✅Yes
(free for
eligible
accounts)
📊CFDs - Total Offered12,000+
📈CFD Stock Indices10+
➡️CFD Commodities20+
👍CFD Shares12,000+
💵Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💶Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
📊Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
R Trader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addressinfo@roboforex.com
☎️Customer Support Contact Number+44 20 3745 7949
📱Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple languages,
including
English
Spanish
Chinese
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👥Amount of PartnersNot publicly disclosed
🫶IB Program✅Yes
🎁Sponsorships✅Yes
(various sporting
events and
teams)
🫰🏻Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 10

Regulators

FSC

Trading Platform

MT4, MT5, R.StocksTrader

Crypto

Yes

Total Pairs

32

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum DepositLimited Investor Protection Schemes
Wide Range of InstrumentsFees and Costs Can Vary
High LeverageCustomer Support Could Improve
Diverse Account TypesRegulatory Scope
Variety of PlatformsVPS Hosting Costs
Islamic Accounts AvailableWithdrawal Fees
Educational ResourcesInconsistent Execution Speed
Global ReachVariable Spread

 

Frequently Asked Questions

 

What trading platforms does RoboForex offer?

RoboForex offers a range of platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the proprietary R Trader platform.

 

What is the minimum deposit at RoboForex?

The minimum deposit varies depending on the account type. For the Pro-Standard account, the minimum deposit starts at $10.

 

Does RoboForex offer a demo account?

Yes, RoboForex offers demo accounts for traders to practice and familiarize themselves with the platforms and conditions without risking real money.

 

Does RoboForex provide Islamic (swap-free) accounts?

Yes, RoboForex offers Islamic accounts, also known as swap-free accounts, which comply with Sharia law.

 

Overall Rating

Min Deposit

USD 10

Regulators

FSC

Trading Platform

MT4, MT5, R.StocksTrader

Crypto

Yes

Total Pairs

32

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

RoboForex ensures a flexible and secure trading environment. Additionally, its bonus programs and diverse payment methods make it an appealing choice for traders looking for comprehensive support and opportunities.

 

FXPro Review

 

3. FxPro

FxPro offers access to 0% Funding Fees, up to 1:200 Leverage, 2100+ instruments, and competitive spreads with no commission.  FxPro is fully regulated by the FCACySECFSCA, and SCB.

 

🔍Broker🥇FxPro
🔢Year Founded2006
👤Amount of staff200+
👥Amount of active traders1.8 million+
📌Publicly Traded None
📉RegulationFCA (UK),
CySEC (Cyprus),
FSCA (South Africa),
SCB (Bahamas)
🌎Country of regulationUK,
Cyprus,
South Africa,
Bahamas
🗂️Account Segregation✅Yes
🌟Negative balance protection✅Yes
💙Investor Protection Schemes✅Yes (under
FCA and
CySEC
regulations)
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor account currenciesEUR,
USD,
GBP,
CHF,
JPY
💵Minimum Deposit$100
⏰Average deposit/withdrawal processing time1-3 business
days
💳Fund Withdrawal FeeNone (but
third-party
fees may
apply)
✏️Spreads from0.0 pips
(on Raw
Spread
accounts)
💷Commissions$3.50 per
side per
lot (on Raw
Spread
accounts)
9️⃣Number of base currencies supported9
💸Swap Fees✅Yes
⬆️LeverageUp to 1:500
📈Margin requirementsDepending
on the
leverage
☪️Islamic account (swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeLess than 14ms
🖥️VPS Hosting✅Yes
🫴🏻CFDs-Total Offered250+
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill
💳Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
PayPal,
Neteller,
Skrill
📊Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5),
cTrader,
FxPro Trading
Platform
🍎OS CompatibilityWindows,
macOS,
Android,
iOS
🪛Forex trading toolsEconomic
Calendar,
Trading Central,
Autochartist
🫴🏻Customer Support✅Yes
🗣️Live chat availability✅Yes (24/5)
💻Customer Support Email addresssupport@fxpro.com
☎️Customer Support Contact Number+44 (0) 203 151 5550
📱Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
⚙️Languages supported on FxPro WebsiteEnglish,
Spanish,
German,
French,
Arabic,
Russian,
and more
🎓Education and Research✅Yes
✏️Forex course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesTrading guides,
tutorials,
webinars
🤝Affiliate program✅Yes
👥Amount of partnersNot disclosed
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes
(previously
partnered
with McLaren
F1)
🎀Rebate program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, SCB

Trading Platform

MT4, MT5, cTrader, FxPro Platform

Crypto

Yes

Total Pairs

69+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

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

 

Frequently Asked Questions

 

Does FxPro offer an affiliate program?

Yes, FxPro offers an affiliate program where partners can earn commissions by referring new clients.

 

What are FxPro’s spreads like?

FxPro offers competitive spreads starting from 0.0 pips on certain accounts and instruments.

 

Is FxPro suitable for beginners?

Yes, FxPro is suitable for beginners due to its user-friendly platforms, educational resources, and demo account options.

 

Does FxPro support VPS hosting?

Yes, FxPro offers VPS hosting services for traders using automated trading strategies.

 

Overall Rating

Min Deposit

USD 100 

Regulators

FCA, SCB

Trading Platform

MT4, MT5, cTrader, FxPro Platform

Crypto

Yes

Total Pairs

69+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

The broker provides a variety of educational resources, demo accounts, and VPS hosting for automated traders, making it suitable for different trading styles. FxPro’s commitment to safety, through features like negative balance protection and account segregation, further enhances its appeal as a reliable choice for traders.

 

IC Markets Review

 

4. IC Markets

IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets offers cutting-edge trading platforms, low latency connectivity, and superior liquidity.

 

🔍Broker🥇IC Markets
🔢Year Founded2007
👤Amount of StaffOver 200
👥Amount of Active TradersOver 200,000
📌Publicly Traded None
📈RegulationASIC
CySEC
FSA
SCB
🌎Country of RegulationAustralia
Cyprus
Seychelles
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes (varies by regulation)
💙Investor Protection Schemes✅Yes (under CySEC regulation)
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesAUD
USD
EUR
GBP
SGD
JPY
CHF
NZD
HKD
CAD
💵Minimum Deposit$200
⏰Average Deposit/Withdrawal Processing Time1-2 business days
💳Fund Withdrawal FeeNone
✏️Spreads from0.0 pips
(Raw Spread
Account)
💶Commissions$3.5 per side
per lot (Raw
Spread
Account)
🔟Number of Base Currencies Supported10
💷Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsDepends on
leverage
and
instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time40 milliseconds
🖥️VPS Hosting✅Yes
(free under
certain
trading
conditions)
📈CFDs-Total OfferedOver 2,000
↪️CFD Stock Indices✅Yes
👉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank Transfer
Credit/Debit Cards
PayPal
Skrill
Neteller
UnionPay, etc.
💳Withdrawal OptionsBank Transfer
Credit/Debit Cards
PayPal
Skrill
Neteller
UnionPay, etc.
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
🍎OS CompatibilityWindows
Mac
iOS
Android
✏️Forex Trading ToolsMarket analysis
Economic calendar
VPS
Autochartist
Myfxbook
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@icmarkets.com
☎️Customer Support Contact Number+61 (0)2 8014 4280
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on WebsiteEnglish
Chinese
Spanish
French
German, and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
video tutorials
eBooks
webinars
FAQs
🤝Affiliate Program✅Yes
👤Amount of PartnersNot specified
🫰🏻IB Program✅Yes
🎁SponsorshipsNo known
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

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

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesLimited product selection
Fast account openingSlow live chat support
Tight SpreadsWithdrawal Processing Times
Multiple Trading PlatformsCommission on Raw Spread Accounts
Low CommissionsLimited Educational Resources
Flexible Funding OptionsSwap Rates

 

Frequently Asked Questions

 

Does IC Markets support automated trading?

Yes, IC Markets supports automated trading through the use of Expert Advisors (EAs) on MT4, MT5, and cTrader.

 

Is IC Markets suitable for beginners?

Yes, IC Markets is suitable for both beginners and experienced traders, offering educational resources and user-friendly platforms.

 

Does IC Markets offer VPS hosting?

Yes, IC Markets offers VPS hosting services for traders who use automated trading strategies.

 

What customer support options are available at IC Markets?

IC Markets offers 24/7 customer support via live chat, phone, and email.

 

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

With platforms like MetaTrader 4, MetaTrader 5, and cTrader, it supports automated trading and provides access to advanced tools. IC Markets offers competitive spreads, high leverage options (up to 1:500), and Islamic accounts, ensuring flexibility for various trading styles and requirements.

 

fpmarkets Review

 

5. FP Markets

FP Markets is an Australian-based, multi-asset broker that serves clients from 80+ countries around the world.  FP Markets offers access to CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies.

 

🔍Broker🥇FP Markets
🔢Year Founded2005
👥Amount of StaffOver 200
👤Amount of Active Traders60,000+
📍Publicly Traded None
📈RegulationASIC (Australia)
CySEC (Cyprus)
FSCA (South Africa)
🌎Country of RegulationAustralia
Cyprus
South Africa
🗂️Account Segregation✅Yes
📌Negative Balance Protection✅Yes
🚩Investor Protection Schemes✅Yes (CySEC)
🖋️Account Types and FeaturesStandard
Raw ECN
VIP accounts
available
🎉Institutional Accounts✅Yes
👤Managed AccountsNone
💵Minor Account CurrenciesEUR
USD
GBP
AUD
CAD
CHF
JPY
NZD
SGD
HKD
💴Minimum Deposit$100
⏱️Average Deposit/Withdrawal Processing TimeInstant - 1 business day
💸Fund Withdrawal FeeNone
✏️Spreads 0.0 pips
💷CommissionsFrom $3
per side
(Raw account)
🔢Number of Base Currencies Supported10
💶Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
instrument
and account
type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 40ms
➡️VPS Hosting✅Yes
(for eligible
accounts)
🫴🏻CFDs - Total Offered10,000+
📊CFD Stock Indices23+
💡CFD Commodities12+
👉CFD Shares2,000+
💳Deposit OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
💳Withdrawal OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
🛎️Trading PlatformsMetaTrader 4
MetaTrader 5
IRESS,WebTrader
Mobile Apps
💻OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
VPS
Trading Central
Myfxbook
🤝Customer Support✅Yes
🗣️Live Chat Availability✅Yes
🖥️Customer Support Email Addresssupport@fpmarkets.com
☎️Customer Support Contact Number+61 2 8252 6800
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website10+ including
English
Spanish
Chinese
Arabic
📖Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
🎓Educational Resources✅Yes
(articles,
videos, eBooks,
market
analysis)
🤝Affiliate Program✅Yes
👥Amount of PartnersThousands worldwide
👍IB Program✅Yes
🎁Sponsorships✅Yes,
involved in
sports
sponsorships
💴Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Micro Accounts)
🚀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

 

Pros and Cons

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight SpreadsWithdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Frequently Asked Questions

 

Does FP Markets provide VPS hosting?

Yes, FP Markets offers VPS hosting, especially beneficial for traders using automated trading strategies.

 

Does FP Markets offer Islamic (swap-free) accounts?

Yes, FP Markets provides Islamic (swap-free) accounts for traders who follow Sharia law.

 

Are there any trading fees or commissions?

FP Markets charges spreads starting from 0.0 pips on Raw accounts, with a commission fee on certain account types. The Standard account has no commissions but wider spreads.

 

Does FP Markets offer negative balance protection?

Yes, FP Markets offers negative balance protection, ensuring that clients cannot lose more than their account balance.

 

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 well-regulated broker, offering a wide range of trading platforms, including MT4, MT5, and Iress. It caters to both beginner and advanced traders with its variety of account types, low minimum deposit, and competitive trading conditions such as tight spreads and high leverage up to 1:500.

 

Pepperstone-broker-review

 

6. Pepperstone

Pepperstone was founded in 2010 in Melbourne, Australia, and processes an average of US$12.55bn of trades every day.  Pepperstone is one of the world’s largest forex brokers and is trusted by over 300,000 traders around the world.

 

🔍Broker🥇Pepperstone
🔢Year Founded2010
👤Amount of StaffApproximately 200+
👥Amount of Active TradersOver 300,000
📌Publicly Traded None
📉RegulationASIC
BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎Country of RegulationAustralia
UK
UAE
Germany
Bahamas
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
under FCA
and CySEC
regulations
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account Currencies✅Yes,
supports
multiple
currencies
💵Minimum Deposit$200
⏰Average Deposit/Withdrawal Processing Time1-3 business days
💳Fund Withdrawal FeeNone
✏️Spreads From0.0 pips
(Razor Account)
1.0 pips
(Standard
Account)
💷Commissions$7 per
round turn
(Razor Account)
🔟Number of Base Currencies Supported10+
(including USD
EUR
GBP
AUD
JPY
CHF
CAD,
and more)
💸Swap Fees✅Yes
⬆️LeverageUp to 30:1
(Retail clients
in UK/EU)
up to 500:1
(Professional
clients and
other
regions)
📈Margin RequirementsVaries by
asset and
leverage level
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time~30ms
🖥️VPS Hosting✅Yes,
free VPS
for clients
who meet
specific
trading volume
requirements
👉CFDs-Total OfferedOver 1,200
📈CFD Stock Indices23
📉CFD Commodities15
📊CFD SharesOver 900
💷Deposit OptionsBank transfer
credit/debit cards
PayPal
Neteller
Skrill
POLi
BPay
UnionPay
and more
💳Withdrawal OptionsBank transfer
credit/debit cards
PayPal
Neteller
Skrill
POLi
BPay
UnionPay,
and more
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsSmart Trader
Tools
Autochartist
API trading
cTrader
Automate
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes, 24/5
💻Customer Support Email Addresssupport@pepperstone.com
☎️Customer Support Contact NumberVaries by
region
(e.g.,
+44 (800) 0465473
for the UK)
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
⚙️Languages Supported on FBS WebsiteEnglish
Chinese
Arabic
German
Spanish
French
Portuguese
Italian
Thai
Vietnamese
and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
eBooks
video tutorials
webinars
trading guides
🤝Affiliate Program✅Yes
👥Amount of PartnersNot publicly disclosed
🫰🏻IB Program✅Yes
🎁SponsorshipsNone
🎀Rebate Program✅Yes, under
the
IB program
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

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

 

Pros and Cons

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

 

Frequently Asked Questions

 

What is Pepperstone?

Pepperstone is an online forex and CFD broker founded in 2010, providing trading services for various asset classes, including forex, commodities, indices, and cryptocurrencies.

 

Are there any withdrawal fees at Pepperstone?

Pepperstone does not charge withdrawal fees, but third-party payment providers may impose their own fees.

 

Does Pepperstone offer a demo account?

Yes, Pepperstone provides a demo account that allows traders to practice trading with virtual funds.

 

Is Pepperstone suitable for beginners?

Yes, Pepperstone is considered beginner-friendly, offering educational resources, a user-friendly interface, and customer support options.

 

Overall Rating

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

 

Our Verdict

Pepperstone is a well-established forex and CFD broker that caters to a wide range of traders, from beginners to experienced professionals. With robust regulatory oversight from authorities such as ASIC and FCA, it offers a secure trading environment.

 

HFM Review - HFM

 

7. HFM

HFM is a forex and commodities broker that provides award-winning trading services and facilities to both retail and institutional clients worldwide.  Furthermore, HFM allows both scalpers and traders using expert advisors unrestricted access to its liquidity.

 

🔍Broker🥇HFM
🔢Year Founded2010
👤Amount of Staff200+
👥Amount of Active Traders2.5 million+
📌Publicly Traded None
📈RegulationFSCA
DFSA
FSA
FCA
FSC
CMA
🌎Country of RegulationUK
South Africa
UAE
Seychelles
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
📌Investor Protection Schemes✅Yes
🎉Institutional Accounts✅Yes
👤Managed Accounts✅Yes
(PAMM/MAM
accounts)
💵Minor Account CurrenciesUSD
EUR
GBP
JPY
AUD
ZAR
💶Minimum Deposit0 USD
⏱️Average Deposit/Withdrawal Processing Time1 - 3 business days
💴Fund Withdrawal FeeNone,
but third-party
fees
may apply
✏️Spreads 0.0 pips
💷CommissionsFrom $6 per
lot
(round turn)
🔢Number of Base Currencies Supported12
💵Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 30ms
🖥️VPS Hosting✅Yes
📈CFDs - Total Offered1,200+
📊CFD Stock Indices20+
✏️CFD Commodities20+
👉CFD Shares950+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
📊Trading PlatformsMetaTrader 4
MetaTrader 5
HF App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
HFcopy
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@hfm.com
☎️Customer Support Contact Number+44 203 097 5796
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple
languages,
including English,
Chinese, Spanish,
Arabic
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
eBooks
Market Analysis
🤝Affiliate Program✅Yes
🫶IB Program✅Yes
🎁Sponsorships✅Yes
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

🔎 Brokers Name🥇 HFM
📌 Year Founded2010
👤 Amount of Staff200+
👥 Amount of Active Traders1,000,000+
📍 Publicly TradedNone
🛡️ RegulationFCA,
CySEC,
DFSA,
FSA,
FCA,
CMA
🌎 Country of RegulationMultiple countries
📈 Account Segregation✅Yes
📉 Negative Balance Protection✅Yes
📊 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💴 Minor Account CurrenciesUSD,
EUR,
GBP,
JPY
💶 Minimum DepositNone
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💵 Fund Withdrawal FeeVaries
⚙️ Spreads From0.0 pips
💷 CommissionsVariable
🔢 Number of Base Currencies40+
🔃 Swap FeesVaries
🔖 LeverageUp to 1:1000
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeInstant - few seconds
💻 VPS Hosting✅Yes
📈 CFDs Total150+
📉 CFD Stock Indices✅Yes
📊 CFD Commodities✅Yes
💹 CFD Shares✅Yes
⏩ Deposit OptionsBank transfer,
credit/debit,
e-wallets, crypto
▶️ Withdrawal OptionsBank transfer, credit/debit,
e-wallets, crypto
🖱️ Trading PlatformsMetaTrader 4,
MetaTrader 5
📌 OS CompatibilityWindows,
macOS,
iOS,
Android
📍 Forex Trading ToolsCharting tools,
technical indicators,
automated trading options
🥰 Live Chat✅Yes
☎️ Support Contact NumberVaries by Region
💙 Social Media PlatformsFacebook,
Twitter,
Instagram,
LinkedIn
🔊 Languages SupportedMultiple
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
eBooks,
videos,
webinars
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous
🫰🏻 IB Program✅Yes
⭐ Notable Events or Teams✅Yes
💰 Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Frequently Asked Questions

 

Is HFM suitable for beginners?

Yes, HFM is considered suitable for beginners due to its user-friendly trading platforms, educational resources, and demo account options.

 

What is the process for opening an account with HFM?

To open an account with HFM, you need to complete an online registration form, provide necessary identification documents, and make a minimum deposit.

 

Can I trade cryptocurrencies with HFM?

Yes, HFM offers cryptocurrency trading, allowing clients to trade popular digital currencies alongside traditional forex and commodities.

 

Does HFM offer educational resources?

Yes, HFM offers a range of educational resources, including webinars, tutorials, and market analysis to help traders improve their skills and knowledge.

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

HFM (formerly HotForex) is a well-regulated forex and commodities broker that caters to a diverse range of traders, from beginners to experienced professionals. With various account types, competitive spreads, and leverage options, HFM provides flexible trading conditions.

 

FBS Review

 

8. FBS

FBS can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.  FBS offers quality education material, friendly trading conditions, and research tools.

 

🔍Broker🥇FBS
🔢Year Founded2009
👤Amount of Staff300+
👥Amount of Active TradersOver 17 million
📌Publicly Traded None
📈RegulationFSC
CySEC
ASIC
🌎Country of RegulationBelize
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
under CySEC
regulations
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
JPY
GBP, and more
💵Minimum Deposit$1
⏰Average Deposit/Withdrawal TimeInstant to
48 hours
💳Fund Withdrawal FeeNo fees
for most
methods
✏️Spreads from0.0 pips
💷CommissionsFrom $0 to
$20 per
lot,
depending
on
account
type
5️⃣Number of Base Currencies5+
💶Swap FeesApplicable on
most
accounts
except for
Islamic
accounts
⬆️LeverageUp to 1:3000
📉Margin RequirementsDepends on
leverage
and
account
type
☪️Islamic Account (Swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeFrom 0.3 seconds
🖥️VPS Hosting✅Yes
🫴🏻CFDs-Total Offered200+
👉CFD Stock Indices✅Yes
📈CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank transfer
Credit/debit cards
e-wallets (Neteller,
Skrill, etc.)
local payment
systems
💳Withdrawal OptionsBank transfer
Credit/debit cards
e-wallets
(Neteller, Skrill, etc.)
local payment
systems
↪️Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
FBS Trader App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsEconomic calendar
Forex calculators
Market analysis
VPS
Trading signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes, 24/7
💻Customer Support Email Addresssupport@fbs.com
☎️Customer Support Contact NumberCallback Option
📱Social Media PlatformsFacebook
Instagram
YouTube
Twitter
LinkedIn
Telegram
⚙️Languages Supported
on Website
20+
(including
English,
Spanish,
Portuguese,
Chinese,
Arabic, etc.)
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
videos
eBooks
webinars
tutorials
🤝Affiliate Program✅Yes
👥Amount of Partners450,000+
🫰🏻IB Program✅Yes
🎁SponsorshipsNo significant
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

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

 

Frequently Asked Questions

 

Does FBS offer a demo account?

Yes, FBS provides a demo account that allows traders to practice their trading strategies without risking real money.

 

What customer support options are available at FBS?

FBS offers customer support through live chat, email, and phone, available in multiple languages.

 

Are there any educational resources provided by FBS?

Yes, FBS offers various educational resources, including webinars, articles, and trading courses to help traders improve their skills.

 

Does FBS provide negative balance protection?

Yes, FBS provides negative balance protection to ensure that clients do not lose more than their deposited funds.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FBS is regulated by reputable authorities, ensuring a level of security for its clients, and offers customer support in multiple languages. Overall, FBS stands out as a user-friendly broker with a diverse range of trading instruments, making it a strong choice for those looking to engage in forex and other financial markets.

 

eToro Review

 

9. eToro

eToro is one of the world’s leading social investment networks. eToro aims to revolutionize the way traders invest, and enhance investors’ financial education. eToro offers a Multi-Asset platform with access to over 2,000 different financial assets.

 

🔍Broker🥇eToro
🔢Year Founded2007
👤Amount of Staff1,000+
👥Amount of Active Traders30+ million
📌Publicly Traded None
📉RegulationCySec (Cyprus)
FCA (UK).
🌎Country of RegulationUK
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes
(for European
clients under
CySEC
regulation)
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
AUD
💵Minimum Deposit$10
(varies by
region and
payment
method)
⏰Average Deposit/Withdrawal Processing TimeInstant for
deposits;
1-8 business
days for
withdrawals
💳Fund Withdrawal Fee$5
✏️Spreads from1 pip
💶CommissionsZero commission
for stocks,
spreads on
CFDs
9️⃣Number of Base Currencies Supported9
USD
EUR
GBP
AUD
CAD
JPY
CHF
NZD
and more
💷Swap Fees✅Yes
(overnight fees)
⬆️LeverageUp to 1:30
(varies by
instrument
and region)
📉Margin RequirementsDepends on asset class
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeMarket execution
🖥️VPS HostingNone
👉CFDs-Total Offered2,000+
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
💳Withdrawal OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
📊Trading PlatformsProprietary eToro
Platform
(Web and
Mobile)
🍎OS CompatibilityWindows
Mac
iOS
Android
🔩Forex Trading ToolsCopyTrader
ProCharts
Trading Signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email AddressOnline contact form
☎️Customer Support Contact NumberN/A
📱Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages Supported on eToro Website20+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesBlogs
Tutorials
Guides
Videos
🤝Affiliate Program✅Yes
👥Amount of PartnersN/A
🫰🏻IB ProgramNone
🎁Sponsorships✅Yes,
various sports
and events
🎀Rebate ProgramNone
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

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.

 

Pros and Cons

✅Pros❌Cons
Used by 6,000,000+ tradersDoesn’t allow scalping
Established in 2006Inactivity Fee
Regulated by FCA, CySEC, and ASICLimited range of instruments

 

Frequently Asked Questions

 

Is eToro regulated?

Yes, eToro is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

 

What trading instruments are available on eToro?

eToro offers a wide range of trading instruments, including stocks, ETFs, commodities, cryptocurrencies, forex, and indices.

 

Does eToro offer a demo account?

Yes, eToro provides a free demo account that allows users to practice trading with virtual funds before risking real money.

 

What is eToro’s unique feature?

eToro is well-known for its social trading feature, allowing users to follow and copy the trades of successful traders on the platform.

 

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

While there are withdrawal fees and limitations on leverage for retail clients, the platform’s robust educational resources and customer support options further enhance the trading experience. Overall, eToro stands out as a suitable choice for those looking to engage in online trading with a social aspect.

 

OANDA Review

 

10. OANDA

OANDA is a trusted global brand that is best known for its reputable reputation and quality market research on offer. OANDA is extremely well-regulated and supports third-party features for an impressive overall offering.

 

🔍Broker🥇OANDA
🔢Year Founded1996
👤Amount of StaffApproximately 1,000
👥Amount of Active TradersOver 1 million users
📌Publicly Traded None
📉RegulationASIC,
BVI, CFTC,
FCA, FFAJ,
FSC, IIROC,
MAS, NFA
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
through
regulatory
bodies
➡️Institutional Accounts✅Yes
🫴🏻Managed Accounts✅Yes
💴Minor Account Currencies✅Yes,
supports
multiple
currencies
💵Minimum DepositNo minimum
deposit for
standard
accounts
⏰Average Deposit/Withdrawal Processing Time1-3 business days
💳Fund Withdrawal FeeNo withdrawal
fees for most
methods
✏️Spreads FromFrom 0.0 pips
(variable
spreads)
💷CommissionsCommission-free
trading on
standard
accounts
🔢Number of Base Currencies Supported50+
💸Swap FeesVaries based
on the
asset and
position
⬆️LeverageUp to 1:200,
varies by
jurisdiction
📈Margin RequirementsVaries based
on account
type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeTypically within
milliseconds
🖥️VPS HostingAvailable upon
request
🫴🏻CFDs - Total Offered100+
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsCredit/Debit cards,
Bank transfers,
PayPal, etc.
💳Withdrawal OptionsBank transfers,
PayPal,
and other
e-wallets
📊Trading PlatformsOANDA Trading
Platform,
MetaTrader 4
🍎OS CompatibilityWeb-based,
Windows,
Mac,
Mobile apps
✏️Forex Trading ToolsEconomic
calendar,
technical
analysis tools
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addressfrontdesk@oanda.com
☎️Customer Support Contact NumberVaries by region
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn
⚙️Languages Supported on OANDA WebsiteMultiple languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles,
tutorials,
and market
analysis
🤝Affiliate Program✅Yes
👥Amount of PartnersVaries
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes, often
involved in
trading expos
and events
🎀Rebate Program✅Yes, depending
on account
types
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

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

 

Pros and Cons

✅ Pros❌ Cons
Excellent trading platformsOnly FX and CFD available
Great research toolsNo stock exchange listing
User-friendlyCustomer support is not 24/7

 

Frequently Asked Questions

 

Is OANDA suitable for beginners?

Yes, OANDA is considered beginner-friendly due to its user-friendly platforms, educational resources, and demo account options.

 

What educational resources does OANDA offer?

OANDA provides a range of educational resources, including webinars, articles, tutorials, and market analysis to help traders improve their skills.

 

Does OANDA support Islamic accounts?

Yes, OANDA offers swap-free Islamic accounts for traders who require them for compliance with Sharia law.

 

Are there any withdrawal fees at OANDA?

OANDA generally does not charge withdrawal fees, but fees may apply based on the payment method used.

 

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

The absence of a minimum deposit requirement, coupled with features like negative balance protection and the availability of demo accounts, makes OANDA an attractive option for those looking to start trading. Furthermore, OANDA provides extensive educational resources and robust customer support, ensuring that traders have the tools and assistance they need to navigate the forex market effectively.

 

What is a PAMM Account Forex Broker?

 

What is a PAMM Account Forex Broker?

A PAMM (Percentage Allocation Management Module) account is a type of investment account offered by forex brokers that allows investors to allocate their funds to be managed by experienced traders or money managers.

 

How PAMM Accounts Work:

  • Investors deposit funds into a PAMM account.
  • A trader (the PAMM manager) uses the pooled funds to trade in the forex market.
  • Profits and losses are shared among the investors according to their percentage of the total funds in the PAMM account.
  • The PAMM manager receives a performance fee based on the profits generated.

 

PAMM accounts are a convenient option for those looking to invest in forex trading without the need for direct involvement. They offer the advantage of professional management and the potential for returns while allowing for risk diversification across different traders and strategies. However, like all investments, PAMM accounts carry risks, and investors should conduct due diligence before selecting a manager.

 

10 Best PAMM Account Forex Brokers

 

Pros and Cons

✅Pros❌Cons
Professional ManagementRisk of Loss
DiversificationMinimum Investment
Requirements
Accessibility for Non-TradersFees and Costs

 

Conclusion

Now it is your turn to participate:

 

  • Which PAMM Account Forex Broker from this list do you intend to test out?
  • What was the determining factor in your decision to engage with a certain broker?
  • Was it because of the PAMM Account option on offer or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

You Might Also Like:

 

 

Frequently Asked Questions

 

What platforms does AvaTrade support?

AvaTrade supports several platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and the AvaOptions platform.

 

What leverage does RoboForex provide?

Leverage at RoboForex can go up to 1:2000, depending on the account type and regulatory restrictions.

 

What leverage does FxPro offer?

FxPro offers leverage up to 1:500, depending on the asset class and client’s jurisdiction.

 

What types of accounts are available at IC Markets?

IC Markets offers Standard, Raw Spread, and Islamic (swap-free) account types.

 

What are the available deposit and withdrawal options?

FP Markets supports a variety of payment methods, including credit/debit cards, bank transfers, PayPal, Neteller, Skrill, and other local payment systems.

 

Does Pepperstone have an affiliate program?

Yes, Pepperstone has an affiliate program that allows partners to earn commissions by referring new clients.

 

What customer support options are available at HFM?

HFM provides customer support through live chat, email, and phone support to assist traders with their inquiries.

 

Can I trade cryptocurrencies with FBS?

Yes, FBS offers trading in several cryptocurrencies, allowing clients to diversify their trading portfolio.

 

Are there any withdrawal fees on eToro?

eToro does charge a withdrawal fee, which is generally around $5 per withdrawal, but it’s important to check the latest terms on their website.

 

Does OANDA provide a demo account?

Yes, OANDA offers a free demo account that allows users to practice trading with virtual funds before committing real money.

 

What are some risks associated with investing in PAMM accounts?

Some of the risks associated with PAMM accounts include the risk of fraud or mismanagement by the fund manager, as well as the risk of market volatility and currency fluctuations.

 

How can I monitor the performance of my PAMM account?

Most PAMM account forex brokers provide investors with access to online dashboards that allow them to monitor the performance of their investments in real time.

 

What are the fees associated with PAMM accounts?

The fees associated with PAMM accounts offered by brokers can vary but typically include a management fee, which is a percentage of the total investment, as well as a performance fee.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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