Category: Broker Categories

Best Swap-Free Forex Brokers 2025

Post author By George Rossi
Post date July 25, 2021
1 Comment on Best Swap-Free Forex Brokers 2025

To complete this list, we have searched for forex brokers, offering swap free accounts, and tested them.
First, we opened real accounts with each of the brokers and deposited between $4,000 and $8,000 with each of them. Then, to get the real spreads, we placed real trades in each popular market.
To find solutions to the problems we had encountered, we contacted the customer support team. Finally, to find out whether any withdrawal issues might occur, we withdrew our funds.
Based on our trading experience and data, we handpicked the best forex brokers with swap-free accounts.

What is Swap or Rollover Interest?

Rollover is the forex trading strategy under which traders hold their open positions overnight. Swap or rollover rate is the interest they have to pay or earn for carrying forward their open positions overnight.

The swap rate is basically the difference of the interest rates set by the central bank of the two currencies in the trading pair. The type of open position, long or short, will determine which currency interest rate should be substracted from which one.

Swap benefit or swap charges completely depend on interest rate differentials.

For example, in the case of a long position on the EUR/USD pair, the swap rate can be calculated by subtracting the US dollar interest rate from the euro interest rate.

Most of the forex trading platforms will display the rollover rate of all currency pairs. Else, traders can use third-party platforms to check the rollover rates.

What is Swap Free Forex Trading Account?

Swap free accounts enable forex traders to take overnight positions on currency pairs without any possibility of earning or paying interest.

Traders pay the brokers a specific commission to hold positions overnight. This is swap, which can be positive or negative, depending on the ongoing price of the traded asset.

Forex Swap Free Accounts are available to traders in the case the broker offers accounts free of swaps and any kind of adjustments.

No Swap Forex Account Brokers

To select the best swap free forex brokers, we tested and reviewed several forex brokers. We opened live accounts and deposited real money with each of them. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

Pepperstone – Best Overall Swap-Free Forex Broker
AvaTrade– Best Swap-Free Broker for Beginners
Dukascopy – Best Swap-Free High Leverage Forex Broker
Amana Capital – Best MT4 Swap-Free Forex Broker
Go Markets – Best Swap-Free Forex Broker with Low Spread and Fees

Best Overall Swap-Free Forex Broker

We have picked Pepperstone as the best overall swap-free forex broker.

Pepperstone is a versatile broker with excellent services. It offers a total of 158 trading instruments in markets across forex, indices, stocks, commodities, and cryptocurrencies. The trading platforms offered by the broker are MT4, MT5, and cTrader.

It primarily offers two account types (excluding the swap-free account) to retail traders and supports an array of base currencies. Additionally, it offers raw market spreads with minimum trading and non-trading fees.

Best Swap-Free Broker for Beginners

We have picked AvaTrade as the best swap-free broker for beginners.

AvaTrade is an excellent forex broker when it comes to beginner-friendly services. It offers good educational resources to train new brokers about the forex market and trading techniques. It even offers a demo account to the traders that allow them to execute trades and learn without risking their real money.

AvaTrade has no limits in trading strategies and also offers copy trading services, which allows novice traders to copy the exact strategy and positions of experts to potentially earn profits when learning about trading.

Best Swap-Free High Leverage Forex Broker

We have picked Dukascopy as the best swap-free high leverage broker.

When it comes to offering high leverage, there are only a few well-regulated brokers: Dukascopy is one of them. The broker is regulated by FINMA that offers leverage of up to 100:1 on major currency pairs.

Dukascopy offers trading with forex, stocks, indices, commodities, and cryptocurrencies, and lists a total of 750 instruments. It offers services on two platforms: MT4 and JForex. It also has some of the lowest spreads in the industry as our tests found that the average spread on the EUR/USD pair is only 0.8 pips.

Best MT4 Swap-Free Forex Broker

We have picked Amana Capital as the best MT4 swap-free forex broker.

Amana Capital holds multiple regulatory licenses and operates globally. It is considered an excellent broker for those Muslim traders who want to trade on MT4 with a swap-free account. Like many other brokers, it offers trading services on MT4. Yet, it also offers the latest MT5 platform.

The primary trading platform of the trader is MT4, thus most of its additional tools and features are included on this platform. MT4 is available to the clients on web, desktop and mobile devices.

Amana Capital is regulated in the UK, Cyprus, UAE, Lebanon, Malaysia, and Mauritius. It offers services with forex, and CFDs of indices, stocks, commodities, and cryptocurrencies.

Best Swap-Free Forex Broker with Low Spread and Fees

We have picked Go Markets as the best swap-free forex broker with low spread and fees.

Go Markets stands out when it comes to the top forex and CFDs brokers. It offers over 378 trading instruments. Among them are forex pairs and CFDs of indices, metals, commodities, and shares.

GO Markets is one of the best zero spread brokers. Traders can choose from three main account types: Standard, GO Plus+, and Pro. For Standard accounts spread is from 1 pip, yet it does not have any commission. On the contrary, GO Plus+ and Pro accounts have spread from zero with an added commission for each transaction.

Swap-Free Forex Brokers List

Apart from the shortlisted brokers, here is a complete list of forex brokers that offer swap-free accounts, which we have tested and reviewed.

Forex Broker	Swap-Free Account	Test Details	Broker Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Admiral Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
BlackBull Markets	Yes	Deposit Amount: Over €4,000 Total Trade: 12 trades	Visit BlackBull Markets
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Go Markets Review
ActivTrades	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
XM	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FXTM	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
ICM Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
Tickmill	Yes	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
XTB	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
RoboMarkets (RoboForex)	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets (RoboForex) Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
FBS	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GKFX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
Darwinex	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
ThinkMarkets	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
FP Markets	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Amana Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
AvaTrade	Yes	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
Vantage FX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
INFINOX	Yes	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review

FAQ and More on Swap-Free Brokers

When it comes to generic trading-related queries, traders often seem to have many questions. We chose some of the most important queries related to swap-free forex brokers and tried to give accurate answers to them.

Swap-Free Forex Broker in Australia

Many Australian forex brokers, which are regulated by the Australian Securities and Investments Commission (ASIC), offer swap-free Islamic forex trading accounts. Some of the leading Aussie brokers offering swap-free accounts are:

IC Markets
ThinkMarkets
vantage FX

MT4 Swap-Free Forex Brokers

MT4 platform dominates the forex and CFDs trading and most of the brokers offer trading services on this platform. Some of the reputed MT4 forex brokers offering swap-free accounts are:

AxiTrader
XM
Amana Capital

Swap-Free Forex Brokers with High Leverage

There are only a few well-regulated forex brokers offering high leverage on currency pairs. Some of the FINMA or FMA regulated forex brokers offering swap-free accounts are:

BlackBull Markets
Dukascopy
Swissquote
Saxo Markets

Swap-Free Forex Broker USA

OANDA is one of the best swap-free forex brokers in the USA. Their swap-free accounts allow the traders to take a position on over 26 instruments. Maximum trade size is 10 million. Moreover, the broker does not charge commission fees. OANDA allows hedging, scalping and EAs.

Tags swap free forex broker

Broker Categories

Best Forex Brokers with ZAR Account 2025

Post author By George Rossi
Post date July 25, 2021
No Comments on Best Forex Brokers with ZAR Account 2025

For this list, we have searched and tested several forex brokers offering ZAR accounts.
We opened real accounts and deposited real money each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers offering accounts based on our trading data and experience as a trader.

What is a ZAR Account?

ZAR account enables forex traders to trade with the South African local currency, rand, as the base currency.

South African rand, with ISO code ZAR, is the national currency of South Africa. Rand was adopted as the country’s currency in 1961 after the replacement of the South African pound. ZAR is also recognized as a legal tender in Namibia, Swaziland, and Zimbabwe.

Forex brokers operating in South Africa need to provide forex traders trading account with ZAR as the base currency.

The use of a local currency, instead of a USD or EUR account, protects the traders’ profits from the risk of currency fluctuation when they are converted into local fiat. Additionally, traders can avoid unnecessary forex conversion fees.

Benefits of using local fiat as the base currency:

No forex conversion charges
Faster deposits and withdrawals
Traders can avoid slippage
Calculation of net profit is easy

South African forex brokers are regulated by the Financial Sector Conduct Authority (FSCA), formerly known as the Financial Services Board (FSB). All forex brokers offering services with an FSCA license need to provide ZAR trading accounts. However, many well-reputed foreign brokers also offer ZAR accounts.

The FSCA-regulated brokers can offer leverage up to 500:1. However, the regulator does not offer any negative balance protection or any compensation scheme.

ZAR Account Forex Brokers

To select the best forex brokers offering ZAR accounts, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

ThinkMarkets – Best Overall Broker Offering ZAR Account
XM – Best Forex Broker Offering ZAR Account for Beginners
Markets.com – Best Forex Trading Platform Offering ZAR Account
ETX Capital – Best MT4 Forex Broker Offering ZAR Account
HotForex – Best High Leverage Forex Broker Offering ZAR Account

Best Overall Broker Offering ZAR Account

We have picked ThinkMarkets as the best overall broker offering ZAR account.

ThinkMarkets is an Australian broker operating in South Africa with an FSCA license. The broker also holds licenses from the regulators of Australia, the United Kingdom, and Seychelles.

ThinkMarkets offers trading services with forex, indices, stocks, commodities, and cryptocurrencies. It lists over 1,600 trading instruments on MT4, MT5, and ThinkTrader trading platforms. The broker also offers very attractive spreads for all asset classes (based on our tests) and has some of the lowest non-trading fees.

Best Forex Broker Offering ZAR Account for Beginners

We have picked XM as the best forex broker offering ZAR account for beginners.

XM is not regulated in South Africa but offers a ZAR account. It is regulated in the UK, Cyprus, Australia, UAE, and Belize. For beginner traders, XM is the perfect broker because of its wide range of educational resources. Traders on XM can learn about the forex market and trading strategies and then trade using the ZAR demo account without risking real money.

XM offers a total of 1,336 trading instruments that include currency pairs and CFDs. It also offers real stock trading services under the Belize-regulated entity.

Best Forex Trading Platform Offering ZAR Account

We have picked Markets.com as the best forex trading platform offering ZAR account.

Markets.com operates in South Africa using a license obtained from the FSCA. It is an excellent option for trading forex. It offers 120 currency pairs, along with several CFDs instruments of commodities, indices, and stocks.

The broker offers trading services on MT4 and MT5 platforms without any limitations on trading strategies. Traders hedge their positions and run scalping as well. It is a good broker if traders want to run EAs.

Best MT4 Forex Broker Offering ZAR Account

We have picked Markets.com as the best MT4 forex broker offering ZAR account.

ETX Capital, which is headquartered in London, offers trading services using MT4 and its proprietary platform, ETX TraderPro. MT4, being an extremely popular platform, is widely used and preferred by traders. It offers some excellent indicators and market analysis tools on the MT4 platform.

Though ETX offered a ZAR account for a while now, it recently gained an FSCA license for smooth operations in South Africa.

Best High Leverage Forex Broker Offering ZAR Account

We have picked HotForex as the best high leverage forex broker offering ZAR account.

FSCA allows forex brokers to offer leverage up to 500:1, HotForex offers even higher leverage levels. The broker, under its Seychelles branch, offers leverage of up to 1000:1 on major currency pairs. It also offers a ZAR account, which is perfect for South African traders.

The broker offers trading with currency pairs and CFDs. It recently added direct market access for stocks and offers trading on MT4 and MT5 platforms.

Account Forex Brokers with ZAR Base Currency List

Apart from the shortlisted brokers, here is a complete list of forex brokers that offers ZAR accounts and ZAR as a base currency:

Forex Broker	ZAR Account	Broker Review
Plus500	Yes	Visit Plus500
XM	Yes	Visit XM
Pepperstone	Yes	Visit Pepperstone
FxPro	Yes	Visit FxPro
Markets.com	Yes	Visit Markets.com
Amana Capital	Yes	Visit Amana Capital
ThinkMarkets	Yes	Visit ThinkMarkets
BlackBull Markets	Yes	Visit BlackBull Markets
Dukascopy	Yes	Visit Dukascopy
ETX Capital	Yes	Visit ETX Capital
Saxo Bank	Yes	Visit Saxo Markets
Fineco Bank	Yes	Visit Fineco Bank
Trade Nation	Yes	Visit Trade Nation
IG Markets	Yes	Visit IG Markets
HotForex	Yes	Visit HotForex
Exness	Yes	Visit Exness

FAQ and More on Brokers offering ZAR Account

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex brokers offering ZAR accounts.

FSCA-Regulated Forex Brokers offering ZAR Account

FSCA regulates the forex brokers operating in South Africa. Some of the FSCA-regulated forex brokers offering ZAR accounts are:

Plus500
IG Markets
Markets.com
FxPro

MT4 Forex Brokers offering ZAR Account

MetaQuotes Software-developed MT4 is a very popular platform for trading forex and CFDs. It has a vast community of traders offering EAs and supports the creation of trading scripts and robots using MLQ4 language.

Some of the best MT4 forex trading platforms offering ZAR account are:

ThinkMarkets
Dukascopy
BlackBull Markets

Low Spread Forex Brokers offering ZAR Accounts

Spread is a business-making or breaking factor for forex brokers. With the rising competition, many forex brokers started offering very low spreads to attract traders on their platforms. Some of the low spread forex brokers offering ZAR account are:

Pepperstone
IG Markets
Plus500

Tags forex brokers zar accounts

Broker Categories

Best MT5 Forex Brokers 2025

Post author By George Rossi
Post date July 25, 2021
1 Comment on Best MT5 Forex Brokers 2025

For this list, we have searched and tested several forex brokers offering trading on MT5 trading platform.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best MT5 forex brokers based on our trading data and experience as a trader.

What is MT5 Trading Platform?

MetaTrader 5 or MT5 is an electronic trading platform developed by MetaQuotes Software. The platform was launched in 2010 and is the successor of the widely popular MetaTrader 4 (MT4) platform.

The aesthetics of the MT5 is almost the same as the predecessor, but it comes with a ton of new features. MT5 brings all the features of MT4 and adds a lot more.

MT4 vs MT5

While MT4 only supported forex and CFDs trading, MT5 extended this support to futures and stocks as well. MT5 also adds market depth, providing a better understanding of quotes and transaction volumes.

MT5 supports 6 order types (a couple more than MT4) and has a wide set of analytical tools and indicators. Traders can also download additional indicators from the library.

MT5 uses user-friendly MLQ5 language for the creation of trading scripts and robots. But, the biggest drawback of the MT5 is the lack of compatibility with the Expert Advisors of MT4.

Despite the functional superiority of MT5, the predecessor MT4 still dominates the forex and CFDs trading. MetaQuotes Software has now stopped issuing new MT4 licenses and is pushing for the adoption of MT5.

Key features of MT5 trading platform:

📈Trading Instruments	Forex, CFDs, Futures, Stocks
⏱Timeframes	21
🛃Pending Orders	6 Types (Buy Stop, Buy Limit, Sell Limit, Sell Stop, Stop Limit, Sell-Stop Limit)
📊Hedging	Hedging and Netting
🔎Technical Analysis Tool	38
📑Market Depth	Yes
💷Economic Calendar	Yes
💰Order Execution Type	4
📊Graphical Objects	44
📈Strategy Tester	Multi-Threaded
💰Fund Transfer Between Accounts	Yes
👨‍💻Programming Language	MLQ5

Best MT5 Forex Brokers

To select the best MT5 forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

FP Markets – Best Overall MT5 Broker
Go Markets – Best MT5 Broker for Beginners
Swissquote – Best MT5 High Leverage Forex Broker
FXTM – Best MT5 Forex Trading Platform
ActivTrades – Best MT5 Broker with Low Spread and Fees

Best Overall MetaTrader 5 Broker

We have picked FP Markets as the best overall MT5 broker.

FP Markets is headquartered in Australia and offers trading services with forex, indices, stocks, commodities, and cryptocurrencies. It offers a total of 9018 trading instruments and provides direct access to the stock exchange.

FP Markets is licensed in Cyprus, Australia, and St Vincent and the Grenadines and is a reputed broker. The broker charges less than average spreads, and other trading and non-trading fees are also on the lower side.

Apart from MetaTrader5, the broker also offers MT4 and IRESS trading platforms. It has a good collection of indicators and market research tools as well. Here you read on the best Iran forex brokers that also trade on MT5.

Best MT5 Broker for Beginners

We have picked Go Markets as the best MT5 broker for beginners.

Go Markets is another Australian forex and CFDs broker that is suitable for beginner traders for its wide range of learning resources. Its tutorials range from basic forex market guides to trading platform explainers.

Go Markets offer trading of forex, indices, metals, stocks, and commodities on top trading platforms: MT4 and MT5. It offers a total of 378 trading instruments with spreads lower than the industry average.

Best MT5 High Leverage Forex Broker

We have picked Swissquote as the best MT4 high leverage broker.

Swissquote is a FINMA regulated broker and offers high leverage of up to 100:1 on major currency pairs. Its offerings range from forex to stocks, options, and futures.

Swissquote offers trading on the MT5 platform and also on MT4. It equips traders with several key indicators and useful market analysis tools.

Best MT5 Forex Trading Platform

We have picked FXTM as the best MT5 forex trading platform.

FXTM is regulated in the UK, Cyprus, South Africa, and Mauritius. This broker offers 62 currency pairs with no limitations in trading strategies. Apart from forex, FXTM also offers trading with CFDs of indices, commodities, stocks, and cryptocurrencies.

FXTM offers trading on MT4 and MT5, along with its proprietary FXTM Trader. It is one of the best brokers for traders who want to trade forex and run strategies like scalping and use EA.

Best MT5 Broker with Low Spread and Fees

We have picked ActivTrades as the best MT5 broker with low spread and fees.

ActivTrades is a London-headquartered broker and offers very attractive spreads. According to our tests, the average spreads for EUR/USD pair on the broker is only 0.57 pips, which is less than half when compared with the industry average of 1.6 pips. And the lower than average spreads offering continues for other asset classes as well.

It also has minimum non-trading fees.

ActivTrades offers trading on MT4, MT5, and ActivTrader platforms. It offers one simple account type and traders can choose from any of the three trading platforms.

MT5 Forex Brokers List

Apart from the shortlisted brokers, here is a complete list of forex brokers that are well-regulated and offers trading on the MT5 platform, which we have tested and reviewed.

Forex Broker	MT4 Platform	MT5 Platform	Test Details	Broker Review
FxPro	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Admiral Markets	Yes	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
BlackBull Markets	Yes	Yes	Deposit Amount: Over €4,000 Total Trade: 12 trades	Visit BlackBull Markets
GO Markets	Yes	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Go Markets Review
ActivTrades	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
XM	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FXTM	Yes	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
ICM Capital	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
Tickmill	Yes	Yes	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Capital.com	Yes	No	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
XTB	Yes	No	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
RoboMarkets (RoboForex)	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets (RoboForex) Review
Pepperstone	Yes	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
FBS	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GKFX	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
Darwinex	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
IC Markets	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
ThinkMarkets	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
FP Markets	Yes	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Amana Capital	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
AvaTrade	Yes	Yes	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
CMC Markets	Yes	No	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
Vantage FX	Yes	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
INFINOX	Yes	Yes	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review

FAQ and More on MT5 Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to MT5 forex brokers.

MT5 Forex Broker in the US

All forex brokers should be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). Unfortunately, none of the regulated forex brokers in the US are offering trading on the MT5 platform.

Though many offshore forex brokers are offering services to US residents on the MT5 platform, we highly recommend traders not open accounts with such brokers.

MT5 Forex Broker in South Africa

Forex brokers in South Africa need to be registered and authorized by the Financial Sector Conduct Authority (FSCA). Some of the regulated South African forex brokers offering trading services on MT5 are:

FP Markets
AvaTrade
ThinkMarkets
INFINOX
Tickmill

MT5 Stock Trading Forex Brokers

MT5 is slowly becoming a popular trading platform to trade forex, apart from forex the platforms also support trading with CFDs, stocks, and futures. Some of the well-regulated forex brokers offering trading on Stocks and other instruments on MT5 are:

FP Markets
Pepperstone
IC Markets
Go Markets
FP Markets

MT5 Crypto Brokers

Traders can trade cryptocurrencies on the MT5 trading platform. However, it is to be noted that these are crypto CFDs, and the trader never owns the underlying crypto assets. Some of the crypto brokers offering trading on the MT5 platform are:

FP Markets
Dukascopy
ThinkMarkets
FP Markets

MT5 Forex Brokers with High Leverage

Leverage is a key in trading forex, but only a few good regulators are now allowing brokers to offer the high leverage. Two of these regulators offering high leverage are New Zealand’s FMA and Switzerland’s FINMA. Some of the high-leverage MT4 brokers are:

BlackBull Markets
Dukascopy
Swisquotes

Tags mt5 forex brokers

Broker Categories

Best MT4 Forex Brokers 2025

Post author By George Rossi
Post date July 25, 2021
No Comments on Best MT4 Forex Brokers 2025

For this list, we have searched and tested several forex brokers offering trading on MT4 trading platform.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best MT4 forex brokers based on our trading data and experience as a trader.

What is MetaTrader 4 MT4 Trading Platform?

MetaTrader 4 or MT4 is a popular electronic trading platform used for trading forex and contract for differences (CFDs). MetaQuotes Software developed the platform and launched it in 2005.

The MT4 platform gained massive popularity among traders as it allowed them to run trading scripts and robots for trading automation. It also allows both client and server components, meaning the platform has been built for both traders and brokers.

It has become the leading fx trading platform and is offered by almost all brokers (except Japanese brokers).

MT4 clients are available on the web, desktop, and mobile devices.

MetaQuotes have also launched MetaTrader 5, which is the updated version of MT4. Despite many additional features, the new platform failed to get the attention of both traders and brokers.

MetaQuotes licenses MT4 trading platform to brokers, but the company stopped the platform from January 2018 to promote the newer MT5.

Key features of MT4 trading platform:

📈Trading Instruments	Forex and CFDs
🕐Timeframes	9
🔜Pending Orders	4 Types (Buy Stop, Buy Limit, Sell Limit, Sell Stop)
📊Hedging	Only Hedging
🔎Technical Analysis Tool	30
📑Market Depth	No
🗓Economic Calendar	No
💰Order Execution Type	3
📊Graphical Objects	31
🖥Strategy Tester	Single-Threaded
💳Fund Transfer Between Accounts	No
💻Programming Language	MLQ4

Best MT4 MetaTrader 4 Forex Brokers

To select the best MT4 forex brokers, we tested and reviewed several forex brokers with good regulation and standing. Find top brokers in Nigeria that trade on MT4. We opened live accounts and deposited real money with each broker, placed real trades to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service. So here is our ranking:

IC Markets – Best Overall MT4 Broker
XM – Best MT4 Broker for Beginners
BlackBull Markets – Best MT4 High Leverage Forex Broker
FxPro – Best MT4 Forex Trading Platform
Admiral Markets – Best MT4 Broker with Low Spread and Fees

Best Overall MT4 Broker

We have picked IC Markets as the best overall MT4 broker.

IC Markets is a Sydney-headquartered broker holding licenses from the regulators in Australia, Cyprus, Seychelles, and the Bahamas. It is a very popular broker around the globe due to its versatile offerings.

IC Markets offers services on three trading platforms – MT4, MT5, and cTrader – MT4 being the most popular among forex and CFDs traders. It provides services with trading instruments of forex and CFDs of indices, stocks, commodities, and cryptocurrencies.

The broker also offers an array of indicators and market research tools on its MetaTrader platform.

Best MT4 Broker for Beginners

We have picked XM as the best MT4 broker for beginners.

XM is another multi-regulated broker offering trading services in many countries. It is licensed in Australia, the United Kingdom, Cyprus, the UAE, and Belize. It offers two trading platforms: MT4 and MT5.

When comes to beginner-friendly broker, XM aces with its vast educational resources. It offers in-depth guides and videos on the forex market and trading techniques. It also conducts regular webinars to educate new traders.

Best MT4 High Leverage Forex Broker

We have picked BlackBull Markets as the best MT4 high leverage broker.

BlackBull Markets was founded in 2014 and is headquartered in New Zealand. It is regulated by New Zealand’s FMA, which is one of the few reputed regulators allowing brokers to offer leverage as high as 500:1.

BlackBull offers trading services on both MT4 and MT5 platforms, two of the industry-leading platforms developed by MetaQuotes Software. It is regulated by FMA in New Zealand and FSA in Seychelles that offer a maximum leverage of 500:1 and 300:1, respectively.

Best Forex MetaTrader Broker

We have picked FxPro as the best MT4 forex trading Broker.

FxPro offers excellent services when it comes to forex trading, but also offers CFDs of indices, stocks, commodities, and cryptocurrencies. The broker was established in 2006 and is regulated in the UK, Cyprus, South Africa, and the Bahamas.

FxPro offers forex trading with 70 currency pairs, which is more than many other good forex brokers. Combining the CFDs of other asset classes, the broker offers trading with 234 instruments. FxPro offers multiple trading platforms, but forex trading is usually done on MT4.

Best MT4 Broker with Low Spread and Fees

We have picked Admiral Markets as the best MT4 broker with low spread and fees.

Admiral Markets is regulated in the UK, Cyprus, Australia, and Estonia and offers trading on MT4 and MT5 platforms. When it comes to spreads and trading fees, Admiral Markets is one of the best.

Our testing found that the average spread on the EUR/USD pair is only 0.6 pips, while the industry average is 1.6 pips. Spreads on the popular instruments of other asset classes are also much lower than the industry average. The broker also provides raw spreads with certain account types, but charges commission on those.

MT4 Forex Brokers List

Apart from the shortlisted brokers, here is a complete list of forex brokers that are well-regulated and offers trading on the MT4 platform, which we have tested and reviewed.

Forex Broker	MT4 Platform	Test Details	Broker Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Admiral Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
BlackBull Markets	Yes	Deposit Amount: Over €4,000 Total Trade: 12 trades	Visit BlackBull Markets
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Go Markets Review
ActivTrades	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
XM	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FXTM	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
ICM Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
Tickmill	Yes	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Capital.com	Yes	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
RoboMarkets (RoboForex)	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets (RoboForex) Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
FBS	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GKFX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
Darwinex	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
ThinkMarkets	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
FP Markets	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Amana Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
AvaTrade	Yes	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
CMC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
Vantage FX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
INFINOX	Yes	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review

FAQ and More on MT4 Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to MT4 forex brokers.

MT4 Forex Broker in India

Financial service providers in India are regulated by the Securities and Exchange Board of India (SEBI). But forex brokers in the country are loosely regulated, allowing many offshore brokers to operate without SEBI’s authorization.

Some of the Indian MT4 forex brokers are:

FBS
FP Markets
IG Markets
XM

MT4 Forex Trading Platform in the US

All forex brokers should be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA), besides offering MT4 as a platform.

Forex brokers in the US that offer MT4 platform are:

IG (US)
Forex.com

MT4 ECN Forex Broker

ECN brokers directly connect buyers and sellers to a bridge network, allowing them to send quotes and trade without the involvement of a third party. Though tradings on an ECN broker can get zero spread, these brokers charges commission on the execution of each trade.

Some of the MT4 ECN brokers are:

FXTM
Vantage FX
INFINOX

MT4 Binary Options Brokers

A binary option is a controversial financial instrument that pays a fixed amount for correct prediction on the movement of a currency pair or CFDs instrument. As the name suggests, the broker will pay only if the prediction is correct, else the trader will lose all the capital put for the trade.

Most of the regulated binary options brokers are no longer offering trading services on MT4.

MT4 Forex Brokers with High Leverage

Some of the high-leverage MT4 forex brokers are:

BlackBull Markets
Dukascopy
CMC Markets

Tags mt4 forex broker

Broker Categories

Best High Leverage Forex Brokers 2025

Post author By George Rossi
Post date July 21, 2021
1 Comment on Best High Leverage Forex Brokers 2025

For this list, we have searched and tested several forex brokers offering trading with high leverage.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best high leverage forex brokers based on our trading data and experience as a trader.

What is Leverage in Forex Trading?

Leverage is the borrowed money by a trader for making investments in a trading instrument. The money is usually borrowed from the broker and is in proportion to the available capital with the trader.

Leverage is a key aspect in trading as it allows traders to take a much higher position, increasing the profit potential significantly. However, it also increases the risk of losing all funds if the market moves in the opposite direction.

The aspect of borrowing from the broker is called margin trading, in which the trader can build up a huge amount with some mandatory initial margin.

Margin-Based Leverage = Total Value of Transaction / Margin Required

For example, with an offering of 100:1 leverage, the trader only needs an initial margin of $1,000 to buy one standard lot of a currency pair worth $100,000. It means the trader only needs 1% of the capital required to take a position.

Leverage Level	Margin Required
🏅 50:1	2%
🥉 100:1	1%
🥈 200:1	0.5%
🥇 400:1	0.25%

Best Leverage for Forex Trading

Forex trading is particularly popular over other markets because of the availability of high leverage for trading.

But, the higher the leverage level, the higher the risk too. If a trader is using 100:1 leverage to take a long position, the entire capital will be lost if the market goes down by only 1%. For 400:1 leverage, an opposite swing of only 0.25% is needed to lose all funds. That is why it is important to set applicable levels depending on the risk management, instrument and account trader operate.

Regulators Allowing High Leverage

High leverage levels remain very popular among traders. However, retail traders usually ignore the risks of taking positions with high leverage and often end up losing money in trading.

These losses incurred by the retail trades alerted the regulators, and many reputed regulators have put a limit on the maximum leverage offered by the brokers over the past few years.

For instance, the Australian Securities and Investments Commission (ASIC), which before allowed up to 500:1 leverage for major currency pairs, has put a limit at 30:1. The European Securities and Markets Authority (ESMA) also updated its regulatory guidelines to limit the leverage at 30:1.

Though it is easy to find offshore brokers with high leverage levels, many reputed regulators still allow brokers to offer high margin leverage to traders.

Some of the reputed regulators allowing high leverage levels are:

Swiss Financial Market Supervisory Authority (FINMA) – Switzerland
Financial Markets Authority (FMA) – New Zealand
Financial Supervision Commission (KNF) – Poland

High Leverage Forex Brokers

To select the best high leverage forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

BlackBull Markets – Best Overall High Leverage Broker
IG Markets – Best High Leverage Broker for Beginners
CMC Markets – Best MT4 High Leverage Forex Broker
Saxo Markets – Best High Leverage Forex Trading Platform
Dukascopy – Best High Leverage Broker with Low Spread and Fees

All these brokers are regulated in multiple jurisdictions. To receive high leverage, traders need to open accounts under the relevant entity that is regulated by the regulator allowing high leverage.

Best Overall High Leverage Broker

We have picked BlackBull Markets as the best overall high leverage broker.

CMC Markets is headquartered in New Zealand. Traders on-boarded under the New Zealand-based entity of BlackBull can receive leverage of up to 500:1.

BlackBull offers trading in a wide range of markets that include forex, indices, stocks, commodities, and cryptocurrencies. It has some of the lowest trading and non-trading fees and has no limitations in the application of trading strategies.

Best High Leverage Broker for Beginners

We have picked IG Markets as the best high leverage broker for beginners.

IG has an extensive offering of educational materials relating to both the forex market and trading, making it the best platform for traders to start with. It is highly regulated and offers trading with forex, stocks, commodities, and many more.

IG is regulated by FINMA, which means traders under the broker’s Swiss entity can receive high leverage levels.

Best MT4 High Leverage Forex Broker

We have picked CMC Markets as the best MT4 high leverage broker.

CMC Markets is a London-based forex and CFDs broker and was founded in 1989. It made a good reputation in the trading industry in a short period and offers trading services with almost 10,000 instruments.

CMC Markets offers trading services on both MT4 and MT5 platforms, two of the industry-leading platforms developed by MetaQuotes Software. It is regulated by FMA in New Zealand which offers maximum leverage of 500:1.

Best High Leverage Forex Trading Platform

We have picked Saxo Markets as the best high leverage forex trading platform.

When it comes only to forex trading, Saxo Markets is an excellent choice for traders looking for high leverage. It is a Danish broker but holds a license from Switzerland’s FINMA, which allows the broker leverage up to 100:1.

It offers more than 180 currency pairs for trading and lists other popular assets like cryptocurrencies and commodities. It also offers forex options with 44 forex vanilla options with maturities from one day to 12 months, along with 6 FX touch options to only professional traders.

Best High Leverage Broker with Low Spread and Fees

We have picked Dukascopy as the best high leverage broker with low spread and fees.

Dukascopy is an excellent broker when it comes to fees. Our tests found that the broker charges an average spread of around 0.8 pips on the EUR/USD pair, which is much lower than the industry standard average of 1.6 pips. It offers an ECN trading account, along with an MT4 one, and usually charges a commission for trade executions.

Dukascopy is regulated by FINMA that offers leverage of up to 100:1 on major currency pairs.

High Leverage Forex Brokers List

Apart from the shortlisted high leverage brokers, here is a complete list of forex brokers that are well-regulated and offers high leverage levels, which we have tested and reviewed.

Forex Broker	FINMA Regulated	FMA Regulated	Visit Broker
IG Markets	Yes	Yes	Visit IG Markets
CMC Markets	No	Yes	Visit CMC Markets
BlackBull Markets	No	Yes	Visit BlackBull Markets
Dukascopy	Yes	No	Visit Dukascopy
Saxo Markets	Yes	No	Visit Saxo Markets
Swissquote	Yes	No	Visit Swissquote

FAQ and More on High Leverage Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex offering high leverage.

US Forex Broker with High Leverage

All forex brokers should be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). Regulated US brokers can offer leverage up to 50:1.

Though many offshore forex brokers onboard US clients offering high leverage, we strongly recommend US traders not to open an account with such brokers as they are operating illegally.

Forex Brokers with 1:500 Leverage

There are many brokers offering leverage up to 500:1. Though many offshore regulators offer such high leverage, New Zealand’s FMA is one of the few reputed regulators offering 500:1 maximum leverage.

Some of the forex brokers with 1:500 leverage are:

BlackBull Markets
CMC Markets

MT4 High Leverage Forex Brokers

MetaTrader 4 or MT4 trading platform is the most popular for trading forex and CFDs. The likeness of the platform among traders also prompted most of the brokers to offer trading services on MT4.

Some of the well-regulated MT4 brokers offering high leverage are:

CMC Markets
BlackBull Markets
Saxo Bank

Tags high leverage forex broker

Broker Categories

Best Zero Spread Forex Brokers 2025

Post author By George Rossi
Post date July 21, 2021
1 Comment on Best Zero Spread Forex Brokers 2025

For this list, we have searched and tested several forex brokers offering zero spread accounts.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers offering zero spreads based on our trading data and experience as a trader.

What does Spread mean in Forex Trading?

Spread is the difference between the bid and ask price on a brokerage platform. It is one of the primary ways for brokers to make money.

But, with the rising competition in the brokerage business trading costs went down significantly. Many brokers are offering even zero spreads, meaning there is no difference between the bid and ask price, to win over clients.

Zero spreads decrease the trading costs in one way, but it does not mean the overall trading costs will decrease as well.

What is a Zero Spread Account?

Many forex brokers are offering specific zero spread accounts to traders. Traders signed up for these accounts do not have to pay any fees as spreads, but usually have to pay commission for executing trades.

Low Spread Forex Brokers

While some brokers do not offer zero spread accounts, they still provide very low or zero spreads to traders.

However, traders have to be careful as many brokers falsely market offering zero spreads, but in reality, they charge wide spreads to new brokers.

Advantages of zero spreads accounts:

Easy calculation of trading costs
Easier to enter and exit trades without worrying about overhead costs
Eliminates the chances of sudden widening of spreads on trades

Some of the key highlights of trading with zero spread account:

🏦 Spread	From zero
📊 Commission	Yes
🛡️ Trading Strategy	Depends on the broker

Best 0 pip Spread Forex Brokers

To select the best zero spread forex brokers, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

Tickmill – Best Overall Zero Spread Broker
XM – Best Zero Spread Broker for Beginners
Vantage FX – Best MT4 Zero Spread Forex Broker
Libertex – Best Zero Spread Forex Trading Platform
FBS – Best High Leverage Zero Spread Forex Broker

Best Overall Zero Spread Broker

We have picked Tickmill as the best overall zero spread broker.

Tickmill is headquartered in London and offers the best trading services when it comes to low and zero spreads. The broker offers three types of accounts – classic, pro, and VIP – and two of them are zero-spread accounts. It also offers transparent pricing and charges commissions on trades executed from pro and VIP accounts, which offer zero spreads.

Tickmill offers trading with forex, indices, commodities, and cryptocurrencies and lists a total of 85 trading instruments. The broker also has minimum non-trading fees and does not charge for deposits and withdrawals.

Best Zero Spread Broker for Beginners

We have picked XM as the best zero spread broker for beginners.

XM is a well-regulated broker holding licenses in the UK, Cyprus, Australia, UAE, and Belize. It is one of the few brokerages offering zero spread accounts and offers trading services with forex and CFDs of indices, stocks, and commodities.

XM is the perfect platform for beginners because of its vast educational resources and offering of two industry-standard trading platforms: MT4 and MT5. It also offers a demo account to beginner traders to execute trades without risking real money.

Best MT4 Zero Spread Forex Broker

We have picked Vantage FX as the best MT4 zero spread broker.

Vantage FX, an Australia-headquartered broker, offers zero spreads under its raw ECN account. It is one of the few brokers offering true ECN account.

Vantage offers trading services with forex and CFDs of indices, stocks, commodities, and cryptocurrencies. It offers two trading platforms: MT4 and MT5. Most of the traders use the MT4 forex trading platform for executing trades, and the broker is also very focused on updating its indicators and market research tools on the legacy platform.

Best Zero Spread Forex Trading Platform

We have picked Libertex as the best zero spread forex trading platform.

Cyprus-headquartered Libertex was established in 1997 and has a solid reputation in the forex trading market. The broker aces as one of the best forex trading platforms with 51 currency pair offerings, along with trading instruments of indices, stocks, commodities, and cryptocurrencies.

Libertex allows traders to run all trading strategies, including hedging and scalping, and the availability of zero spread further sweetens its offerings.

Best High Leverage Zero Spread Forex Broker

We have picked FBS as the best high-leverage zero spread broker.

Leverage levels offered by any brokerage depend on the regulatory restrictions. FBS, which is regulated in Australia, Belize, and Cyprus, is one of the few brokers that offer high leverage on zero spread accounts.

Though both Cypriot and the Australian regulators limit maximum leverage at 30:1, FBS offers leverage up to 888:1 on major currency pairs under its Belize-regulated entity. FBS is also a true ECN broker and offers ECN and zero-spread accounts separately.

Zero-Spread Forex Brokers List

Apart from the shortlisted zero spread brokers, here is a complete list of forex brokers offering zero spread accounts, which we have tested and reviewed.

Forex Broker	Zero Spread Account	Zero Spread	Commission Per Side	Visit Broker
Tickmill	Yes	Yes	$2	Visit Tickmill
XM	Yes	Yes	$3.5	Visit XM
FBS	Yes	Yes	$10	Visit FBS
Admiral Markets	Yes	No	$1.8-$3.0 per lot	Visit Admiral Markets
ThinkMarkets	Yes	No	$3.5	Visit ThinkMarkets
GKFX	Yes	No	$10 per lot	Visit GKFX
ICM Capital	Yes	No	$7/Round lot for FX and Metal only – No commission is charged for all other products	Visit ICM Capital
Fusion Markets	Yes	No	From $4.50 per round turn	Visit Fusion Markets
HotForex	Yes	No	$3	Visit HotForex
Vantage FX	No	Yes	$3	Visit Vantage FX
Libertex	No	Yes	From 0.03%	Visit Libertex
Eightcap	No	Yes	$3.5	Visit Eightcap
BDSwiss	No	Yes	$5	Visit BDSwiss

FAQ and More on Zero Spread Forex Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex offering zero spreads.

How to Verify a Zero Spread Broker?

Many forex brokers claim that they are offering zero spread accounts. However, in reality, they charge spread even on the dedicated zero spread accounts, along with the usual commission.

But it is possible to verify if a broker is offering zero spread services or not. Traders need to open multiple small trading positions and check if there is any difference between the bid and ask price. If the zero spread trend continues for the multiple trades and on multiple instruments, then it is likely that the broker is indeed offering zero spreads.

Zero Spread Forex Broker in India

To operate locally as a forex broker in India, brokers need to be registered and authorized with the Securities and Exchange Board of India (SEBI). But the country does not have any strict forex brokerage regulatory framework like the United States or the United Kingdom, thus allowing overseas brokers to offer services to Indians.

Some zero-spread forex brokers in India are:

FBS
Tickmill
XM

Zero Spread Forex Broker in South Africa

To operate in South Africa, Zero Spread forex brokers need to be licensed by the Financial Sector Conduct Authority (FSCA).

Some of the zero spread forex brokers in South Africa are:

Tickmill
ThinkMarkets

MT4 Zero Spread Brokers

MT4, developed by MetaQuotes Software, is the top trading platform for the forex and CFDs. Some of the zero spread forex brokers offering trading services on MT4 are:

ICM Capital
BDSwiss
HotForex

No Spread No Commission Forex Brokers

Though zero spread forex brokers are desirable, they usually charge commission on each trade. But some brokers are now offering low spreads and also not charging any commission on trade executions.

Some of the low spread no commission forex brokers are:

ActivTrades
Plus500
OANDA
Admiral Markets

Tags forex copy trading platform

Broker Categories

Best Forex Copy Trading Platform 2025

Post author By George Rossi
Post date July 21, 2021
No Comments on Best Forex Copy Trading Platform 2025

For this list, we have searched and tested several forex brokers offering copy trading services.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best copy trading brokers based on our trading data and experience as a trader.

What is Copy Trading?

Copy trading allows one trader to copy the broadcasted positions of another trader, who usually has a proven track record in trading. The copied parameters include opening and closing of positions, and assigning Stop Loss and Take Profit orders.

Forex social trading

It evolved from the so-called social trading where expert traders share their trading strategies in chatrooms with fellow traders. Though copy trading can be executed manually, most of the activities are automated.

Copy Trading strategies

The popularity of copy trading skyrocketed over the past few years. This technique of trading usually lures rookie traders to copy the trading strategy and positions of other expert traders to earn from the trading activity.

Traders always have the option to opt out from coping strategies at any time by closing all positions or taking control over the trading activities.

Copied traders also get benefits as their techniques are copied. Different brokers have different strategies for rewarding the copied traders. Mostly, they earn a percentage of the capital assigned by the trader who signed up for copy trading.

What is Copy Trading Account?

A copy trading account is a specialized account offered by forex brokers that enable traders to copy the trading strategies of other traders. Usually, copy trading is just another feature available to the traders when they open an account with the brokerage.

Traders usually have to allocate a minimum capital to participate in copy trading. Though not usual, some brokers also have a maximum limit on the capital that can be allocated for copy trading.

For copied traders, they can participate in the program and can extra money from their trading activities being copied only after trading a certain amount of capital with the brokers and passing some other minimum requirements.

Some of the key highlights of trading with a copy trading account:

🏦 Spread	Usual spreads offered by the broker
📊 Commission	Yes, with an extra percentage paid to the copied trader
🛡️ Trading Strategy	Depends on the broker
🔒 Rejection	NA
💰 Re-Quotes	NA
💰 Slippage	NA

Best Copy Trading Forex Brokers

To select the best copy trading brokers, we tested and reviewed several forex brokers. We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

eToro – Best Overall Copy Trading Broker
FXTM – Best Copy Trading Broker with Low Deposit
Pepperstone – Best Copy Trading Broker with MT4
NAGA – Best Copy Trading Broker for Beginners
AvaTrade – Best Copy Trading Broker with Third-Party Integration

Best Overall Copy Trading Broker

We have picked eToro as the best overall copy trading broker.

eToro has made its name in the industry by offering copy trading services. The Israeli broker was founded in 2006 and is regulated in multiple jurisdictions like the UK, the USA, Australia, and Cyprus.

eToro started out as an independent social trading platform and then turned into a full-fledged brokerage. It now offers trading services with forex, indices, commodities, stocks, and cryptocurrencies. It offers a very easy-to-use trading platform and its copy trading services are backed by a vast community.

Best Copy Trading Broker with Low Deposit

We have picked FXTM as the best copy trading broker with a low deposit.

Traders need to deposit a minimum amount to start trading with a broker. This minimum allocation of funds is also needed to opt for copy trading.

FXTM helms as the broker with low deposit requirements as the broker only need traders to deposit $10 to start trading on its platform. For copy trading services traders need to allocate at least $100. It offers copy trading services under the FXTM Invest and has a popular platform.

Best Copy Trading Broker with MT4

We have picked Pepperstone as the best copy trading broker with MT4.

MetaTrader 4, which is one of the popular trading platforms, also has an in-built social trading Broker and allows traders to share trading strategies. Pepperstone offers MT4 trading signals and is one of the best brokers to offer copy trading services on the platform.

Apart from MT4, it also offers account mirroring services with Myfxbook and Duplitrade, two other popular platforms. Traders on Pepperstone can trade forex, indices, stocks, commodities, and cryptocurrencies.

Best Copy Trade Broker for Beginners

We have picked NAGA as the best copy trading broker for beginners.

NAGA is a German broker, known for offering copy trading services. It offers a simple, yet powerful, copy trading platform that is easy to use. New traders can pick expert trades from a leaderboard and can also share analysis on messenger.

It also offers a wide range of educational materials to new traders that cover in-depth articles, ebooks, video tutorials, and webinars.

Best Copy Trading Broker with Third-Party Integration

We have picked AvaTrade as the best copy trading broker with third-party integrations.

AvaTrade is an Ireland-headquartered broker holding operational licenses in Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands. It offers almost 800 trading instruments of forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs.

When it comes to copy trading, AvaTrade offers services with DupliTrade and ZuluTrade, two popular third-party copy trading platforms with massive networks of traders. AvaTrade also offers MQL5 signals services.

Copy Trading Forex Brokers List

Apart from the shortlisted copy trading platforms and apps, here is a complete list of forex brokers offering copy trading services, which we have tested and reviewed.

Forex Broker	Copy Trading Account	About Our Test	Our Review
eToro	Yes	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
AvaTrade	Yes	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
AXI (AxiTrader)	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	AXI Review
XM	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Admiral Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
FP Markets	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
CMC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
Vantage FX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
ThinkMarkets	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review

FAQ and More on Copy Trading Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to copy trading platforms and apps.

Copy Trading Platform in the US

Any forex trading platform in the United States must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). Unfortunately, none of the copy trading platforms is operating in the country.

Though some of the overseas copy trading platforms are offering services to US residents, we highly recommend traders not invest through those platforms as they are operating illegally.

Best Forex Copy Trading App in the UK

To operate in the United Kingdom, any investment platform or trading App needs to be authorized by the Financial Conduct Authority (FCA), a well-reputed financial markets regulator. Many forex and CFDs copy trading platforms are offering services to UK traders.

Some of the copy trading platforms in the UK are:

eToro
AvaTrade
Pepperstone
FXTM

Copy Trading Platform in Malaysia

Labuan Financial Services Authority (LFSA) is the regulator responsible in Malaysia to regulate forex brokers and copy trading platforms. Some of the regulated copy trading platforms operating in the country are:

Is Copy Trading Legal?

Copy trading is legal in most countries around the world, with only a few exceptions. We highly recommend traders check if the broker or platform offers copy trading services is well regulated.

Is Copy Safe?

Retail trading is risky, and all those risks apply to copy trading as well. Though copy trading usually involves expert traders, we highly recommend rookie traders not to be influenced by the advertised high returns and to understand the risks before investing.

Tags forex copy trading platform

Broker Categories

Best Forex Brokers in New Zealand 2025

Post author By George Rossi
Post date July 12, 2021
No Comments on Best Forex Brokers in New Zealand 2025

To come up with this list, we have tested several forex brokers holding FMA licenses in New Zealand.
We opened a real account and deposited between $4,000 and $5,000 with each broker. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers based on our trading data and experience as a trader.

New Zealand FMA Regulations for Forex Brokers

Forex brokers must be registered and authorized by the Financial Markets Authority (FMA) to operate in New Zealand. FMA was formed in May 2011 after New Zealand Parliament passed the Financial Markets Bill to streamline regulations in the financial services industry.

FMA’s official website is www.fma.govt.nz, and we recommend investors and traders follow the regulator on Twitter, @FMAmedia, for important regulatory updates.

FMA was set up after several financial scams in New Zealand. The agency inherited its roles from the country’s Securities Commission and is tasked to have better regulatory oversight of the financial market players, including forex brokers. FMA can issue or revoke licenses, supervise operations, and also regulate business conduct for fair practices.

FMA is one of the few reputed regulators allowing leverage as high as 500:1 and offers negative balance protection to traders. It also offers a compensation scheme of NZ$200,000 to protect clients’ funds if the broker goes bankrupt.

Some of the key highlights of trading with FMA-regulated brokers:

🏦Regulator	Financial Markets Authority (FMA)
📊Max. Leverage	500:1
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	Yes
💰Compensation Scheme	NZ$200,000

Best Forex Brokers in New Zealand

To select the best FMA-regulated forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

BlackBull Markets – Best Overall Forex Broker in New Zealand
IG Markets – Best Forex Broker for Beginners in New Zealand
Hantec Markets – Best MT4 Broker in New Zealand
CMC Markets – Best Forex Trading Platform in New Zealand
Plus500 – Best Forex Broker with Lowest Spread & Trading Fees in New Zealand

Best Overall Forex Broker in New Zealand

We picked BlackBull Markets as the overall best forex broker in New Zealand.

Headquartered in Auckland, New Zealand, BlackBull Markets offers the overall best trading services to Kiwi traders. The broker is regulated in New Zealand and Seychelles and has operations in globally many countries.

Blackbull’s offerings include trading with forex and CFDs of indices, stocks, and commodities with almost 300 instruments. The spreads offered by the broker are also on the lower side, along with options of two industry-standard trading platforms: MT4 and MT5.

Best Forex Broker for Beginners in New Zealand

We picked IG Markets as the best forex broker for beginners in New Zealand.

For beginner traders good educational resources are important, and IG Markets excels in offering this. Regulated in many jurisdictions, including New Zealand, IG Markets also provides a user-friendly trading environment, which is very suitable for beginners.

The broker offers trading in several markets giving new traders many options to choose from. Further, it has many trading tools and market research tools that can be mastered by the new traders.

Best MT4 Broker in New Zealand

We picked Hantec Markets as the best MT4 broker in New Zealand.

Established in 1990, Hantec Markets is one of the big names in the Asia-Pacific region. It holds operating licenses from several regulators and offers excellent forex and CFD trading services.

Hantec Markets is also known for offering trading services solely on the MetaTrader 4 platform to both retail and professional traders. It offers an excellent set of indicators and analysis tools, and, MT4 being the only platform, all are integrated into it.

Hantec Markets offers MT4 clients on both desktop and mobile devices.

Best Forex Trading Platform NZ

We picked CMC Markets as the best forex trading platform in New Zealand.

When it comes to forex trading, CMC Markets tops the list simply because of the number of currency pairs it is offering. The broker offers a total of 339 currency pairs for trading.

CMC Markets offers trading on the industry-standard MT4 platform, as well as its proprietary Next Generation Platform. It also has some of the lowest spreads.

Lowest Spread & Trading Fees in New Zealand

We picked Plus500 as the best forex broker with the lowest spread and trading fees in New Zealand.

Plus500 offers lower than average spreads on currency pairs. Our testing of the broker finds that the average spread for EUR/USD pair is 0.8 pips, which is almost half of the industry average of 1.6 pips.

Additionally, Plus500 does not charge any extra trading fees for opening and closing positions.

FMA-Regulated Forex Brokers List & Review

Here is a list of some of the major FMA-regulated New Zealand forex brokers:

New Zealand Forex Broker	FMA Regulated	Visit Broker
BlackBull Markets	Yes	Visit BlackBull Markets
IG Markets	Yes	Visit IG Markets
Hantec Markets	Yes	Visit Hantec Markets
CMC Markets	Yes	Visit CMC Markets
Plus500	Yes	Visit Plus500
Jarden Securities	Yes	Visit Jarden Securities
Rockfort Markets	Yes	Visit Rockfort Markets
CLSA Premium	Yes	Visit CLSA Premium

FAQ & More on New Zealand Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to FMA-regulated brokers.

How to Verify FMA-Regulated Brokers?

The registration details of any FMA-regulated forex broker can be checked by visiting the regulator’s website.

Go to www.fma.govt.nz and select ‘licensed and reporting entities’ under the ‘compliance’ section. The regulator maintains a list of all regulated entities and names all forex brokers can be found under ‘derivatives issuers’.

BlackBull Markets FMA (Financial Markets Authority) Registration — BlackBull Markets FMA Registration

Forex Options Brokers in New Zealand

Forex options give buyers the right, but not an obligation, to purchase the currencies at the expiry of the contract. They are similar to options contracts of any other asset class instruments.

Some regulated forex options brokers in New Zealand are:

CMC Markets
BlackBull Markets
Plus500
Hantec Markets

MT4 Forex Brokers in New Zealand

MT4 is the leading forex and CFD trading platform. Some of the FMA-regulated best MT4 brokers are:

Hantec Markets
BlackBull Markets
CMC Markets
IG Markets
Rockfort Markets

High Leverage Forex Brokers in New Zealand

New Zealand’s FMA allows forex brokers to offer leverage up to 500:1 on top currency pairs. This means any FMA-regulated forex broker can legally offer such a high margin level.

Some of the high-leverage brokers in New Zealand are:

BlackBull Markets
Hantec Markets
Rockfort Markets

ECN Forex Brokers in New Zealand

ECN brokers offer direct market access and raw spreads to the traders. These brokers do not take positions against the traders and usually make money from charging commissions.

Some of the ECN forex brokers in New Zealand are:

BlackBull Markets
IG Markets
Hantec Markets

Tax in New Zealand for Forex Trading

New Zealand does not have any special taxation rules for Forex traders. All the capital gained through trading currency pairs and other types of financial instruments is considered income, which means that you will need to pay regular taxes on it.

In the country, taxation rates depend on the amount of income. The minimum rate starts from 10.5% and reaches up to 39%, for income that exceeds $180.000 annually.

There are many responsibilities that traders must take into account when it comes to tax issues. If they avoid or delay paying, this may lead to fines

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Broker Categories

Best Forex Brokers in Singapore 2025

Post author By George Rossi
Post date July 12, 2021
No Comments on Best Forex Brokers in Singapore 2025

To come up with this list, we have tested several forex brokers Singapore holding MAS licenses.
We opened a real account and deposited between €5,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers based on our trading data and experience as a trader.

Singapore MAS Regulations for Forex Brokers

Forex brokers must be registered and authorized by the Monetary Authority of Singapore (MAS) to operate legally in Singapore. Established in 1971, MAS is Singapore’s central bank and also regulated the financial market, including retail forex brokers.

Forex brokers in Singapore need to obtain a Capital Markets Service Licence from the regulator for their operations.

MAS’s official website is www.mas.gov.sg, and we recommend investors and traders follow the regulator on Twitter, @MAS_sg, for important regulatory updates.

MAS is considered among one of the most reputed financial markets regulators due to its strict frameworks. It requires forex brokers need to keep business and client funds separate, along with several other safety measures to protect traders’ interests. It can also take disciplinary actions for compliance violations and even suspends or cancels licenses in the extreme case.

Retail forex brokers regulated by MAS can offer a maximum leverage of up to 20:1. Qualified professional investors can receive leverage up to 50:1.

However, retail forex brokerage regulations of MAS also has a few shortcomings:

Hedging is not allowed.
Automated forex trading is not allowed.
MAS does not offer any compensation scheme.

Some of the key highlights of trading with MAS-regulated brokers:

🏦Regulator	Monetary Authority of Singapore (MAS)
📊Max. Leverage	20:1
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	No
💰Compensation Scheme	No

Best Forex Brokers in Singapore

To select the best MAS-regulated forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

CMC Markets – Best Overall Forex Broker in Singapore
Swissquote – Best Forex Broker for Beginners in Singapore
OANDA – Best MT4 Broker in Singapore
Saxo Markets – Best Forex Trading Platform in Singapore
Plus500 – Best Forex Broker with Lowest Spread & Trading Fees in Singapore

Best Overall Forex Broker in Singapore

We picked CMC Markets as the overall best forex broker in Singapore.

CMC Markets is regulated in several jurisdictions around the globe, including Singapore, and it offers extensive forex brokerage services. Apart from forex, its offerings also include CFDs of indices, stocks, ETFs, commodities, and cryptocurrencies.

It offers some of the lowest spreads on currency pair trading and provides trading on industry-standard MT4, along with CMC’s proprietary platform. It provides some excellent trading tools for analysis and market research.

Top Forex Broker for Beginners in Singapore

We picked Swissquote as the best forex broker for beginners in Singapore.

Swissquote is a major European forex broker holding a regulatory license in Singapore as well. It is one of the top forex brokers for beginners due to its well-sourced educational resources.

Swissquote offers detailed courses on trading to both beginner and advanced traders, along with in-depth guides and webinars. The broker also provides a demo account to new traders for hands-on practice using real money.

Best MT4 Forex Trading Account Singapore

We picked OANDA as the best MT4 broker in Singapore.

OANDA is by far the best MT4 forex broker. The broker only offers trading services on MT4, meaning all services and tools are only integrated into this single platform.

Traders can also upgrade to MT4 premium services on OANDA to get access to 28 additional trading tools and indicators

Best Forex Trading Platform in Singapore

We picked Saxo Markets as the best forex trading platform in Singapore.

For only forex trading, Saxo Markets is an excellent trading platform. It offers more than 180 currency pairs for trading and lists other popular assets like cryptocurrencies and commodities. It also offers forex options with 44 forex vanilla options with maturities from one day to 12 months, along with 6 FX touch options to only professional traders

Saxo offers three tiers of accounts with attractive spreads on the higher two tiers.

Lowest Spread & Trading Fees in Singapore

We picked Plus500 as the best forex broker with the lowest spread and trading fees in Singapore.

Plus500 offers attractive spreads on the currency pairs. Its spreads usually remain much lower than the industry average with only 0.8 pips on average for EUR/USD pair, according to our tests. Plus500 does not charge any extra trading fees for opening and closing positions.

MAS Regulated Forex Brokers In Singapore List & Review

Here is a list of some of the major MAS-regulated Singapore forex brokers:

Singapore Forex Broker	MAS Regulated	Visit Broker
Swissquote	Yes	Visit Swissquote
IG Markets	Yes	Visit IG Markets
CMC Markets	Yes	Visit CMC Markets
Plus500	Yes	Visit Plus500
Saxo Markets	Yes	Visit Saxo Markets
OANDA	Yes	Visit OANDA
City Index (StoneX)	Yes	Visit City Index
Interactive Brokers	Yes	Visit Interactive Brokers

FAQ & More on Singapore Brokers

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to MAS-regulated brokers.

How to Verify MAS-Regulated Brokers?

MAS maintains an excellent directory of all the regulated entities under it.

Go to eservices.mas.gov.sg/fid and simply search the intended forex broker’s name in the search bar. If the broker is regulated under MAS, its name will appear and details about it can be accessed by clicking on it.

A list of all companies holding Capital Markets Services License can also be seen as a list on the directory.

PLUS500SG MAS ( the Monetary Authority of Singapore) License — PLUS500SG MAS License

Best Options Trading Platform Singapore

Forex options give buyers the right, but not an obligation, to purchase the currencies at the expiry of the contract. Forex options are available as vanilla contracts, touch options, and others.

Some regulated forex options brokers in Singapore are:

Saxo Markets
Swissquote
CMC Markets
IG Markets

MT4 Forex Trading Singapore

Developed by MetaQuotes Software, MT4 is the leading forex and CFDs trading platform. The platform allows a ton of services including automated trading and customized indicators.

Some of the top MAS-regulated forex brokers offering trading on MT4 are:

OANDA
Swissquote
CMC Markets

Low Spread Forex Brokers Singapore

Forex brokers Singapore usually make money from charging spreads on buy and sell positions. But with rising competition in the market, brokers started to charge very competitive low spreads on currency pairs to attract more traders.

Some MAS-regulated forex brokers offering low spreads are:

Plus500
CMC Markets
Swissquote
Saxo Markets

True ECN Forex Brokers in Singapore

True ECN brokers offer direct market access to traders, thus charging zero spreads. However, these brokers charge commissions for opening and closing positions.

Some of the true ECN forex brokers in Singapore are:

Saxo Markets
IG Markets

Tax in Singapore for For Forex Trading

Taxes in Singapore for forex trading are a little different. If residents trade on the side, their income is considered tax-free. However, if tradings are full-time, the profits may be subject to tax. Strangely, the transfer method can also impact taxes. For instance, if traders withdraw their profits through international payment methods, they will not need to pay taxes.

Generally, the tax rate in Singapore ranges from 0% to 15% for the country’s residents and up to 22% for non-residents.

Traders should remember that they are responsible for submitting tax forms to the relevant financial bodies of the country. In case of tax avoidance or delay, they may face complications and fines.

Tags forex brokers singapore

Broker Categories

Best Forex Brokers in Dubai, UAE 2025

Post author By George Rossi
Post date July 12, 2021
No Comments on Best Forex Brokers in Dubai, UAE 2025

To come up with this list, we have tested several Forex brokers Dubai holding DFSA licenses in the United Arab Emirates (UAE).
We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers based on our trading data and experience as a trader.

UAE DFSA Regulations for Forex Brokers

The Dubai Financial Services Authority (DFSA) license is the most desired operating license for operating forex brokerage businesses based in Dubai, UAE. The DFSA license was launched by the similarly named regulator in 2004 and was targeted to the foreign companies willing to establish companies in Dubai. It is awarded to the financial firms, including forex brokers, based in the Dubai International Financial Center (DIFC).

DFSA’s official website is www.dfsa.ae. Though DFSA does not have a Twitter handle, we recommend investors and traders follow DIFC on Twitter, @DIFC, for important updates.

There are multiple regulated forex broker regulators in the UAE (in both Dubai and Abu Dhabi). Apart from the DFSA, all the UAE regulators need the brokerages to have a UAE citizen as the majority shareholder. The DFSA was created to open up Dubai to global financial companies.

DFSA is a reputed financial market regulator and imposes strict regulations on the companies overseen by it. It actively supervises the regulated companies and needs them to regularly report on the business activities.

Retail forex brokers holding the DFSA license can oper maximum leverage of 50:1. These brokers should offer swap-free accounts to Islamic traders and have to show a standard risk disclosure statement to their traders.

On the negative side, DFSA does not offer any compensation scheme and negative balance protection.

DFSA imported most of its regulations from the United Kingdom’s financial market regulator, the Financial Conduct Authority, which is deemed as one of the top regulators.

Some of the key highlights of trading with DFSA-regulated brokers:

🏦Regulator	Dubai Financial Services Authority (DFSA)
📊Max. Leverage	50:1
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	No
💰Compensation Scheme	No

Best Forex Trading Brokers in UAE

To select the best DFSA-regulated forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

HYCM – Best Overall Forex Broker in UAE
XM – Best Forex Broker for Beginners in UAE
AxiTrader – Best MT4 Broker in UAE
CMC Markets – Best Forex Trading Platform in UAE
AvaTrade – Best Forex Broker with Lowest Spread & Trading Fees in UAE

Best Overall Forex Broker in UAE

We picked HYCM as the overall best forex broker in UAE.

HYCM is one of the industry-leading brokers with over 40 years of operation. It is the overall best forex broker operating in Dubai with its extended and versatile services. It is headquartered in London, UK but holds multiple global regulatory licenses, including DFSA.

HYCM offers trading services with forex and CFDs of forex, indices, stocks, commodities, and cryptocurrencies. It also provides trading on industry-standard platforms: MT4 and MT5. The broker offers competitive low spreads starting from 0.1 pips for its Raw account.

HYCM also allows high leverage of 500:1 to its clients from Dubai.

Best Forex Broker for Beginners in UAE

We picked XM as the best forex broker for beginners in UAE.

XM offers some of the best educational resources on forex trading, which is very essential for beginner traders. It offers forex guides to platform tutorials and also conducts webinars and seminars.

XM offers a vast arsenal of indicators and tools for market research and analysis. Beginner traders can also execute trades on a demo account without risking it with real money. It also has an excellent customer support desk.

Best MT4 Broker in UAE

We picked AxiTrader as the best MT4 broker in UAE.

AxiTrader (formerly Axi) aces as the best MT4 forex trading platform. It offers trading services only on the industry-standard MT4, which was developed by MetaQuotes Software. Its market search tools are inbuilt into the MT4 platform.

AxiTrader offers MT4 clients on all platforms: web, desktop, and mobile.

Best Forex Trading Platform in UAE

We picked CMC Markets as the best forex trading platform in UAE.

CMC Markets remains the best forex trading platform for many reasons. It offers 339 currency pairs for trading, which is one of the highest in the industry. It also offers trading services with forex options products.

The broker also aces when it comes to trading fees as it charges some of the lowest industry spreads. It offers trading on MT4 and its proprietary platform and offers trading with a wide range of instruments.

Lowest Spread & Trading Fee Forex Broker in UAE

We picked AvaTrade as the best forex broker with the lowest spread and trading fees in UAE.

AvaTrade offers very competitive spreads on currency pairs. Based on our testing, the broker offers an average spread of 0.87 pips on the EUR/USD pair, which is much lower than the industry average of 1.6 pips. Its spreads are also attractive for CFD trading instruments, other than forex.

AvaTrade does not charge any commission on trades and does not have any deposit and withdrawal fees.

DFSA-Regulated Forex Brokers List & Review

Here is a list of some of the major DFSA-regulated forex brokers:

UAE Forex Broker	DFSA Regulated	Visit Broker
Pepperstone	Yes	Visit Pepperstone
IG Markets	Yes	Visit IG Markets
CMC Markets	Yes	Visit CMC Markets
AvaTrade	Yes	Visit AvaTrade
XM	Yes	Visit XM
AxiTrader	Yes	Visit AxiTrader
Amana Capital	Yes	Visit Amana Capital
HYCM	Yes	Visit HYCM
Swissquote	Yes	Visit Swissquote

FAQ & More on UAE Brokers

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to DFSA-regulated brokers.

How to Verify DFSA-Regulated Brokers?

All DFSA-regulated forex brokers are listed on the public registry maintained by the regulator, which is the most reliable and legitimate source to check license details.

Go to www.dfsa.ae/public-register/firms and search for the forex broker’s name on the search box. The incorporated name of the broker will then appear and licensing details of it can be seen just by clicking on the name.

CMC DFSA (The Dubai Financial Services Authority) License — CMC DFSA License

Forex Trading Brokers in Dubai

Foreign retail forex brokers are mostly based in Dubai, within the economic zone of Dubai International Financial Center (DIFC). Many reputed forex brokers have started operating from Dubai due to the potential in the region.

Some of the forex brokers in Dubai are:

Pepperstone
Amana Capital
CMC Markets
XM

MT4 Forex Company Dubai

Many forex brokers still prefer to provide trading services on MT4 trading platform due to its popularity.

Some of the top DFSA-regulated forex brokers offering trading on MT4 are:

Amana Capital
Swissquote
Pepperstone

Low Spread Forex Brokers in Dubai

Spreads charged on currency pairs can make or break the business of a forex broker. It is one of the primary sources of earning for the brokers, but higher spreads will push traders away.

Some DFSA-regulated low spread forex brokers are:

CMC Markets
Swissquote
AvaTrade

CFD Trading Dubai UAE

Contract for Difference or CFDs are agreements between buyers and sellers of financial derivatives, settled in cash upon closing. These are complex financial instruments.
The advantages of CFD trading Dubai UAE are that CFDs are leveraged products, thus traders are able to take big positions with small margins. There is also an opportunity to hedge instruments.

Some of the CFD brokers in Dubai UAE are:

Pepperstone
AvaTrade
IG
XM

Tax in Dubai UAE for Forex Trading

Forex trading in Dubai is tax-free.

Generally, Dubai is known for its lowest rates of taxes. Commonly, there is no income tax or capital tax in Dubai UAE.

Tags forex brokers uae