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Amana Capital Review 2022

For this Amana Capital review, we have opened a standard account with the broker and deposited over €5,000.

We traded the popular instrument in each market to get the real spreads and placed a total of 12 trades.

We also reached out to customer support to solve the issues we faced.

Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

What is Amana Capital?

Amana Capital is well-known forex and contracts for difference (CFDs) broker with offices in Dubai, London, Limassol, and Beirut.

The broker was founded in 2010 and operates globally. It is regulated in countries like the United Kingdom, the United Arab Emirates, Cyprus, Malaysia, and Mauritius.

The offerings of Amana Capital include trading with forex, indices, commodities, cryptocurrencies, and shares CFDs.

Some of the highlights of Amana Capital are:

🗺️ Authorised & Regulated inUK, Cyprus, UAE, Lebanon, Malaysia, Mauritius
🛡️ Is Amana Capital safeYes
💰 EUR/USD Spread1.43
💳 Minimum depositUS$50
💰 Withdrawal feeUS$0 (with many exceptions)
🖥️ Trading PlatformMT4, MT5
📈 Markets offeredForex, Indices, Stocks, Commodities, Cryptocurrencies
📉 Number of Products392 (depends on the jurisdiction)

Is Amana Capital Regulated

Amana Capital holds licenses from 6 regulators. 

The broker is regulated in the UK, the UAE, Cyprus, Lebanon, Malaysia, and Mauritius. The UK’s FCA and the UAE’s DFSA are considered as two of the top global financial regulators.

The full list of Amana Capital licenses is below:

Legal entityRegistered inRegulatorLicense numberAccepting clients fromCompensation scheme amount
Amana Financial Services UK LimitedUnited KingdomFinancial Conduct Authority (FCA)605070United Kingdom, Global£85,000
Amana Financial Services (Dubai) LimitedUnited Arab EmiratesDubai Financial Services Authority (DFSA)F003269Middle EastNo compensation scheme
Amana Capital Ltd
Cyprus
Cyprus Securities and Exchange Commission (CySEC)155/11European Union€20,000
Amana Capital SALLebanonLebanese Capital Markets Authority (CMA)26NANo compensation scheme
AFS GlobalMalaysiaLabuan Financial Services Authority (LFSA)MB/18/0025GlobalNo compensation scheme
ACG International LimitedMauritiusFinancial Services Commission – Mauritius (FSC)C118023192GlobalNo compensation scheme

Amana Capital is not accepting accounts through Amana Capital SAL anymore due to the banking crisis in Lebanon and the very tough rules of the central bank of Lebanon.

Amana Capital DFSA (Dubai Financial Services Authority) Registration
Amana Capital DFSA License

Is Amana Capital Safe?

Yes, Amana Capital is a safe broker.

The broker is well-regulated with a total of 6 licenses. It is also overseen by the UK’s FCA and the UAE’s DFSA, two well-reputed financial market regulators. 

The FCA and the CySEC also offer compensation schemes of £85,000 and €20,000, respectively, to protect clients’ funds. 

Amana Capital UK

For our tests, we opened an MT5 Amana Classic account with Amana Financial Services UK Limited, which is regulated by Financial Conduct Authority (FCA) in the UK.

We recommend you open an account with the UK or the UAE unit if their services are available in your jurisdiction.

Fees and Commissions

Amana Capital’s trading fees are mostly built into spreads. The broker charges commission on share CFDs trading and for all asset classes on its top-tier accounts.

Spreads for forex and stocks on our trades were much below the average industry benchmark.

Spread Charged in Our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average spread.

Our test is based on Amana Capital’s Amana Classic account. Spreads for our trades remained stable with minor deflections for all asset classes.

Details of our trades are shown below the table.

MarketsInstruments1st trade2nd trade3rd tradeAvg. spread
ForexEUR/USD1.451.451.41.43
IndicesFTSE 1001.81.81.81.8
StocksApple0.450.40.40.42
CommoditiesGold4.554.154.354.35

Our testing finds that spreads on forex and share CFDs are lower than the industry average. Spreads on indices and commodities are, however, on the higher side.

MarketsInstrumentsAvg. spread charged in our tradesIndustry avg. spread
ForexEUR/USD1.431.16
IndicesFTSE 1001.81.65
StocksApple0.421.75
CommoditiesGold4.353.53

Other Fees

Amana Capital charges deposit and withdrawal fees on most of the methods. It does not have any account maintenance or inactivity fees.

Withdrawal and deposit fees on Amana Capital are detailed below:

Deposit feeWithdrawal fee
Wire Transfer£6None
Amana Prepaid Cards$31.5%
Credit/debit card
(Visa, Mastercard, Maestro)
1.5%None
Debit Card (Union Pay)None0.5%
Neteller3.9% + $0.292% Capped at $30
Skrill3.9% + $0.291%
E PayNoneNone
Perfect Money, Payeer, AdvCash5%None
WebMoney2.8%2.8%
Moneta4.95%4.9%
Qiwi6.5%2%
Fast Bank Transfer2.5% or €1 or €2None
FasaPayFree0.5% capped at $5

Account Types

Amana Capital offers four account types: Amana Classic, Amana Active, Shares Account, and Amana Elite.

Amana Active account is eligible to clients with a minimum funding of $25,000 and $100 million of volume per calendar month.

Details of all Amana Capital accounts are:

Amana ClassicAmana ActiveShares AccountAmana Elite
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 5MetaTrader 5
Account CurrencyUSD, GBP, EURUSD, GBP, EURUSD, EURUSD, GBP, EUR
Minimum deposit$50$25,000NA$250,000
Commission0 Commission on FX,0 Commission on Cash CFDs,$10 / lot on Futures CFDs,0.02$ / Share on Share CFDs (min 15$/tx)$30 per 1M on FX, $0 on Cash CFDs, $5 per lot on Future CFDs0.02$ / Share ($15 minimum/transaction)Raw spread + 4 to 6 $ commission round trip
Order executionMarket ExecutionMarket ExecutionInstant ExecutionMarket Execution
SpreadFrom 1.4From 0.1From 0From 0

Amana Capital also offers swap-free Islamic accounts, joint accounts, and corporate accounts.

Account Opening

Our overall experience of opening a new account with Amana Capital was smooth and fast.

We opened a MetaTrader 5 Amana Classic account for our tests under the FCA-regulated entity.

The process of registration of a new Amana Capital account:

  1. Fill the initial registration form with details like account type, first name, last name, email, mobile number, and the preferred Amana entity. 
  2. Click on the link sent to the registered email to proceed with the registration process.
  3. Enter trading platform, base currency, nationality, passport number (optional), date of birth, address, employment type, and educational level.
  4. Answer questionnaires on trading knowledge and experience.
  5. Provide details on the source of funds, intended initial investment, funding method, estimated annual income, estimated net worth, TIN number.

We submitted the following documents to verify our Amana Capital account:

  1. Copy of national identification (both front and back)
  2. Copy of our bank statement

The registration process took around 14 minutesOur account was verified on the same working day, within 6 hours.

Our account was registered on March 25, 2022, and approved on the same day.

Our overall account opening experience was smooth and without any issues from registration to verification.

Amana Capital Account Opening
Amana Capital Account Opening

Deposit and Withdrawal

Both deposits and withdrawals on Amana Capital are easy and fast. All our funding and withdrawal requests were completed without any issues.

However, the broker charges high deposit and withdrawal fees on most of the methods.

Minimum Deposit

The minimum deposit on Amana Capital varies with the account types.

  • Amana Classic account: $50
  • Amana Active account: $25,000
  • Shares account: None
  • Amana Elite account: $250,000

Traders only need to maintain the minimum deposit balance on their accounts.

Deposit

Amana Capital supports deposits with bank transferscredit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods.

The broker charges heavy fees on deposits.

The deposit methods also depend on the account jurisdiction.

We tested the deposit process on Amana Capital using a credit card, Neteller, and Skrill.

Details of our fund deposits are shown in the below table.

Payment MethodSubmitted DateFunded Account DateFunding TimeFee
Credit card2022-03-312022-03-311 hour1.5%
Neteller2022-03-312022-03-315 minutes3.9% + $0.29
Skrill2022-03-312022-03-316 minutes3.9% + $0.29
Amana Capital Deposit Methods
Amana Capital Deposit

Amana Capital Withdrawal

Amana Capital allows withdrawals with bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods, same as the deposit methods.

Though a few key withdrawal methods are free, the broker charges fees for most of the methods.

Overall, our experience with the Amana Capital withdrawal process was positive, except for the fees.

Details of our withdrawal requests are in the table below.

Payment MethodSubmitted DateFund Released DateFund Arrived DateWithdrawal TimeFee
Credit card2022-04-012022-04-012022-04-021 working dayzero
Neteller2022-04-012022-04-012022-04-014 hous2%
Skrill2022-04-012022-04-012022-04-012 hours1%

Markets and Products

Amana Capital offers CFDs trading services with forex, indices, stocks, commodities, and cryptocurrencies instruments.

The complete list of Amana Capital’s offerings are:

MarketsInstruments
Forex64
Indices20
Stocks and ETFs286
Commodities18
Cryptocurrency4

The markets and the number of offered instruments will depend on the account jurisdiction.

Trading Conditions

Amana Capital offers excellent trading conditions, allowing both hedging and scalping strategies. Traders can change leverage levels as well.

Trading MethodAllowed
HedgingYes
ScalpingYes
Change LeverageYes

Leverage

Leverages offered by Amana Capital on various asset class are standard, as per the regulatory requirements, and are detailed below:

MarketsAmana Financial Services UK LimitedAmana Capital LtdAmana Financial Services (Dubai) LimitedAFS GlobalACG International Limited
Major Currency Pairs30:130:1400:1500:12000:1
Non-Major Currency Pairs20:120:1400:1100:1500:1
Gold20:120:1200:1100:1500:1
Other Commodities (except Gold)10:110:150:1100:1200:1
Indices5:15:1200:1100:12000:1
Stocks5:15:110:110:110:1
CryptocurrenciesNA2:120:12:1100:1

Bonus

Amana Capital offers three promotional offers to traders under its Malaysia-regulated entity (Read about no deposit bonus Malaysia).

  1. Bonus of $200 on deposits of $1,000
Maximum payout$1000
Minimum deposit$1000
Available instrumentAll CFDs (excluding CFDs on shares, cryptocurrencies and cash indices), forex, precious metals, and commodity futures

Requirements for the bonus:

DepositBonusMinimum lots required
$1,000$20014
$2,000$40028
$3,000$60042
$4,000$80056
$5,000$1,00070

2. Rebate Bonus

Maximum payout$1000
Minimum deposit$1000
Available instrumentAll CFDs (excluding CFDs on shares, cryptocurrencies and cash indices), forex, precious metals, and commodity futures

Details on the rebate:

Consecutive trading days30 days (Tier 1)60 days (Tier 2)90+ days (Tier 3)
Rebates per lot$1 per lot$1.5 per lot$2 per lot
Max cap payout$500$750$1,000

Amana Capital clients are entitled to a rebate bonus once and it is applicable to all tiers.

3. 50% money back on lossing trades

Amana Capital clients are entitled to receive a 50% of their losses, up to $1,000, for the first month of trading, which starts from the date of the initial deposit.

Amana Capital Bonus
Amana Capital Promotions

Copy Trading

Amana Capital offers copy trading services with ZuluTrade, which is a third-party platform.

Amana Capital Copy Trading
Amana Capital Copy Trading

Trading Platform

Amana Capital offers MetaTrader 4 and MetaTrader 5 platforms to the traders. These are industry standard third-party platforms developed by the company MetaQuotes Software.

Both these platforms are available on the web, desktop, and mobile.

Amana Capital Trading Platforms
Amana Capital Trading Platforms

We executed all our trades on MetaTrader 5 platform.

Research and Tools

Amana Capital offers some excellent market research and analysis tools.

Tools offered by the broker include:

  • Impressive charting tools
  • Market research using RiskPulse
  • Trading signals using Autochartist and Trade Captain
  • Economic calendar
  • Forex VPS
  • Newsfeed
Amana Capital Analytics Tools
Amana Capital VPS

Education

Amana Capital offers decent educational resources.

The broker’s educational materials include:

Amana Capital Educational Material
Amana Capital Educational Material

Customer Service

Amana Capital has excellent customer support.

Traders can contact the broker via:

  • Live chat 
  • email
  • Phone

The support staff is available only on weekdays.

Our experience with Amana Capital customer support was very good.

The support staff on both live chat and email was quick enough to answer our query accurately and in detail.

QuestionResponse TimeQuality of reply
Live ChatAsked questions on withdrawal priority1 minuteClear and accurate
EmailAsked several questions on the trading account, spread, leverage, and their entities2 hoursClear and accurate
Amana Capital Customer Support
Amana Capital Customer Support Live Chat

The broker also has a detailed FAQ section for frequently faced issues.

Conclusion

Our overall experience with Amana Capital was positive.

The broker offers attractive spreads on forex and stock CFDs with fast execution.

Account opening, deposits, and withdrawals are also smooth and fast on Amana Capital. However, we did not like the fees on deposits and withdrawals. We recommend traders to use credit cards for deposits and withdrawals as the fees with this are the lowest.

Our experience with customer support was again excellent as the responses were fast, clear, and detailed.

We recommend Amana Capital to forex traders who run EA and follow strategies like scalping and hedging.

We recommend Amana Capital for traders who are

  • Experienced traders
  • Run Scalping
  • Hedging
  • EAs trading
  • Trading through MT4

Amana Capital might not be a fit if you are

  • Real Stock / Futures Trading
  • Commission based trading
  • Prefer other platforms rather than MetaTrader

Categories
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Best Forex Brokers by Country 2022

Up to March 2022, we have tested 33 Forex brokers by country opening 33 live accounts, depositing over US$150,000, placing 400+ trades and making over 120 deposits and withdrawals from 14 countries.

To create in-depth and unbiased Forex broker by country reviews, we

  1. Checked the broker licenses and status in each country
  2. Opened a real account with the brokers
  3. Made real money deposit between $4000-$8000
  4. Placed 3 trades in the popular instrument of each market to determine the average spread
  5. Reached out to the broker’s customer support team to resolve the issues we encountered
  6. Withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
  7. Compared trading data and experience to pick the best brokers

Please see the brokers by country list below:

CountryRegulatorOur Review
InternationalTop tier regulators FCA, CFTC, FMABest International Brokers
USACommodity Futures Trading Commission (CFTC)
National Futures Association (NFA)
Best Forex Brokers in USA
UKFinancial Conduct Authority (FCA)Best Forex Brokers in UK
AustraliaAustralian Securities & Investment Commission (ASIC)Best Forex Brokers in Australia
New ZealandFinancial Markets Authority (FMA)Best Forex Brokers in New Zealand
CanadaInvestment Industry Regulatory Organization of Canada (IIROC)Best Forex Brokers in Canada
CyprusCyprus Securities and Exchange Commission (CySEC)Best Forex Brokers in Cyprus
UAEDubai Financial Services Authority (DFSA)Best Forex Brokers in UAE
SingaporeMonetary Authority of Singapore (MAS)Best Forex Brokers in Singapore
KenyaCapital Markets Authority (CMA)Best Forex Brokers in Kenya
IndiaSecurities and Exchange Board of India (SEBI)Best Forex Brokers in India
NigeriaCentral Bank of Nigeria (CBN)Best Forex Brokers in Nigeria
South AfricaFinancial Sector Conduct Authority (FSCA)Best Forex Brokers in South Africa
PhilippinesSecurities and Exchange Commission (SEC)Best Forex Brokers in Philippines
MalaysiaSecurities Commission of Malaysia (SCM)Best Forex Brokers in Malaysia
JordanJordan Securities Commission (JSC)Best Forex Brokers in Jordan
IndonesiaBadan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)Best Forex Brokers in Indonesia
ItalyCommissione Nazionale per le Società e la Borsa (CONSOB)Best Forex Brokers in Italy
FranceAutorite des Marches Financiers (AMF)Best Forex Brokers in France
AustriaFinancial Market Authority (FMA)Best Forex Brokers in Austria
GermanyBundesanstalt für Finanzdienstleistungsaufsicht (BaFin)Best Forex Brokers in Germany
PolandKomisja Nadzoru Finansowego (KNF)Best Forex Brokers in Poland 
PortugalComissão do Mercado de Valores Mobiliários (CMVM)Best Forex Brokers in Portugal
SpainComisión Nacional del Mercado de Valores (CNMV)Best Forex Brokers in Spain
SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)Best Forex Brokers in Switzerland
IranCentral Bank of Iran (CBI)Broker in Iran
CameroonThe Bank of Central State (BEAC)Brokers in Cameroon
CambodiaSecurities and Exchange Commission of Cambodia (SECC) Best Forex Broker in Cambodia
ZambiaZambia Securities and Exchange Commission (SEC)Forex Brokers Zambia
LuxemburgCommission de Surveillance du Secteur Financier (CSSF)Best Brokers Luxemburg
BelgiumFinancial Services and Markets Authority (FSMA)Brokers in Belgium
GreeceHellenic Capital Market Commission (HCMC)Forex Brokers in Greece
MoldovaThe National Bank of MoldovaForex Brokers Moldova
Romania National Bank of RomaniaForex Brokers in Romania
Afghanistan Da Afghanistan BankForex Brokers Afghanistan
Kuwait The Central Bank of KuwaitBest Forex Brokers Kuwait
MauritiusThe Financial Services Commission (FSC)Forex Brokers Mauritius
MoroccoThe Autorité Marocaine du Marché des CapitauxBrokers in Morocco
SyriaThe Central Bank of Syria (CBS)Forex Brokers in Syria
Qatar The Qatar Central Bank Brokers in Qatar
YemenThe Central Bank of YemenYemen Best Brokers
NorwayThe Financial Supervisory Authority of NorwayBest Brokers Norway
Czech RepublicThe Czech National BankBest Brokers in the Czech Republic
Hungary The National Bank of Hungary Best Brokers in Hungary
EstoniaThe Ministry of Economic Affairs and CommunicationsBest Brokers in Estonia
EgyptThe Financial Regulatory AuthorityBest Brokers Egypt
Ghana The Bank of Ghana Best Brokers in Ghana
Namibia The Bank of Namibia Best Brokers in Namibia
Sri LankaThe Bank of Sri LankaBest Brokers Sri Lanka
NepalThe Securities Board of Nepal Best Brokers Nepal
TanzaniaNot RegulatedBest Brokers Tanzania
South KoreaThe Bank of South KoreaBest Brokers South Korea
TurkeyThe Capital Markets Board of Turkey Best Brokers Turkey
SwedenThe Financial Supervisory Authority of SwedenBest Brokers Sweden
IraqNot RegulatedBest Brokers Iraq
RussiaThe Central Bank of RussiaBest Brokers Russia
BrazilThe Securities and Exchange Commission of BrazilBest Brokers Brazil
BotswanaThe Bank of BotswanaBest Brokers Botswana
IsraelThe Israel Securities AuthorityBest Brokers Israel
IrelandThe Central Bank of IrelandBest Brokers Ireland
BangladeshThe Bangladesh Securities and Exchange CommissionBest Brokers Bangladesh
JamaicaThe Bank of JamaicaBest Brokers Jamaica

Categories
Uncategorized

Best Forex Brokers by Category 2022

Up to March 2022, we have tested 33 Forex brokers by opening 33 live accounts, depositing over US$150,000, placing 400+ trades and making over 120 deposits and withdrawals by various trading accounts type and conditions.

To create in-depth and unbiased Forex broker by Category reviews offering, we

  1. Checked the broker licenses and status in each country
  2. Opened a real account with the brokers
  3. Made real money deposit between $4000-$8000
  4. Placed 3 trades in the popular instrument of each market to determine the average spread
  5. Reached out to the broker’s customer support team to resolve the issues we encountered
  6. Withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
  7. Compared trading data and experience to pick the best brokers

Please see the Best Forex Brokers categorized list below:

CategoryOur Review
Way to Trade Best ECN Forex Brokers
Way to Trade Best ECN Forex Brokers UK
Way to Trade Best OTC Forex Brokers
Way to Trade Best Market Maker Forex Brokers
Way to Trade Best NDD Forex Brokers
Account TypeBest Forex Brokers Offering ZAR Account
Account Type Best Zero Spread Forex Brokers
Account Type Best Islamic Forex Brokers
Account Type Swap-Free Forex Brokers
Account Type Best Forex Brokers Offering Nano Lot Trading
Account TypeBest Forex Brokers Offering Cent Account
Account Type Best Brokers Offering Micro Account
Account TypeBest Brokers for Professionals
Account Type Best Forex Brokers for Large Accounts
Account Type Best Forex Brokers for Small Accounts
BonusNo Deposit Bonus Forex
BonusMalaysia Best Deposit Bonus Forex
BonusIndia No Deposit Bonus Brokers
Bonus No Deposit Bonus in Canada

Best Forex Trading Conditions

We tested Brokers and found those who truly offer various conditions like high leverage or micro trading, and covered review of popular Forex trading Platforms, Trading Strategies and Trading Conditions.

CategoryOur Review
Trading Platform Best Forex Trading Platforms
Trading PlatformBest MT4 Forex Brokers
Trading PlatformBest MT4 Forex Brokers South Africa
Trading Platform Best MT4 Forex Brokers India
Trading PlatformBest MT5 Forex Brokers
Trading Platform Best cTrader Forex Brokers
Trading PlatformBest Forex Trading Platform for Windows
Trading Platform Best Forex Trading Platform for Mac
Trading Platform Best Forex Trading Platform for Linux
Trading PlatformBest Forex Trading Apps
Trading PlatformBest Demo Forex Trading Apps
Trading Platform Best Forex Trading Platform for Android
Trading PlatformBest Forex Trading Platform for iOS
Copy TradingBest Social Trading Platforms
Copy TradingBest Forex Copy Trading Platforms
Copy TradingBest Forex Brokers with ZuluTrade
Copy TradingBest Mirror Forex Brokers
Best Forex Trading Platforms
CategoryOur Review
Trading StrategyBest Day Trading Platforms
Trading Strategy Best Forex Brokers with Automated Trading
Trading Strategy Best Hedging Forex Brokers
Trading Strategy Best Forex Broker for Scalping
Trading StrategyBest Forex Broker for News Trading
Trading StrategyBest Forex Broker for Long-Term Trading
Best Trading Strategies
CategoryOur Review
Trading ConditionBest High Leverage Forex Brokers
Trading Condition High Leverage UK
Trading Condition High Leverage Brokers in India
Trading Condition High Leverage in Australia
Trading Condition High Leverage Forex Brokers Malaysia
Trading Condition High Leverage in Canada
Trading ConditionBest Lowest Spread Forex Brokers
Trading Condition Best Fixed Spread Forex Brokers
Trading Condition Best Floating Spread Forex Brokers
Trading ConditionBest Raw Spread Forex Brokers
Trading Condition Best Guaranteed Stop Loss Brokers
Trading Condition Best Negative Balance Protection Forex Brokers
Trading Condition Best Weekend Trading Brokers
Trading ConditionBest Rebate Forex Brokers
Best Trading Conditions

Best Forex Trading Tools

Here we gather the most used, popular and effective tools suitable for various traders including a common review of trading Analysis, Robots, signals and additional tools to enhance trading capabilities.

CategoryOur Review
Trading ToolBest Forex Trading Tools
Trading Tool Best Technical Analysis for Forex Trading
Trading Tool Best Forex Indicators for Swing Trading
Trading Tool Best Forex Brokers with Trading Signals
Trading Tool Best Forex Broker for EA
Trading Tool Forex Brokers with Algorithmic Trading
Trading Tool Top Forex Brokers with API
Trading Tool Forex Trading Robot for Android
Trading ToolForex Brokers with Autochartist
Trading ToolBrokers with Forex Signal Telegram Groups
Trading Tool Brokers with Trading Central
Best Trading Tools

Best Forex Brokers by Products

In the Best Forex Brokers by Products or Trading Instruments list you can select Broker by the trading instrument or product, we tested various Brokers to choose the best for each product.

CategoryOur Review
Products Best CFD Brokers
ProductsBest Forex Pair to Trade
Products Best Spread Betting Platforms
Products Best Binary Options Brokers
ProductsBest Indices Trading Brokers
Products Best Cryptocurrency Brokers
ProductsBest Brokers with Nasdaq
Products AppBest Ethereum Trading App
Best Forex Trading Instruments

Best Forex Brokers for Beginners

To support Beginners in trading these are essential topics with points to consider including Education and Learning topics.

CategoryOur Review
For BeginnersBest Forex Brokers for Beginners
For BeginnersForex Trading for Beginners PDF
For BeginnersForex Trading for Beginners Video Tutorials
Education Forex Trading Courses
EducationForex Trading Webinars
Forex Trading For Beginners

Best Forex Brokers by Payment

Best Forex Brokers by Payment Method list defines brokers we tested that accept payment methods or deposit options suitable for you.

CategoryOur Review
Payment MethodBest Credit Card Forex Brokers
Payment Method Best Debit Card Forex Brokers
Payment Method Best Broker Instant Deposit
Payment Method Best Western Union Forex Brokers
Payment Method Neteller Forex Brokers
Payment MethodSkrill Forex Brokers
Payment MethodPayoneer Forex Brokers
Payment MethodMoneyGram Forex Brokers
Best Trading Deposit

Categories
Uncategorized

Forex Broker Reviews 2022

Up to December 2021, we have tested 33 Forex broker Reviews by opening 33 live accounts, depositing over US$150,000, placing over 400 trades and making over 120 deposits and withdrawals.

To create in-depth and unbiased forex broker reviews, we

  1. Opened a real account with the brokers
  2. Made real money deposit between $4000-$8000
  3. Placed 3 trades in the popular instrument of each market to determine the average spread
  4. Reached out to the broker’s customer support team to resolve the issues we encountered
  5. Withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals

Please see the list below

Forex BrokerAbout Our TestOur Review
BlackBull Markets Deposit Amount: Over €4,000
Total Trade: 12 trades
BlackBull Markets Review
FP MarketsDeposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
TickmillDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
ActivTradesDeposit Amount: Over €5,000
Total Trade: 12 trades
ActivTrades Review
Trading 212Deposit Amount: Over €5,000
Total Trade: 15 trades
Trading 212 Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
AvaTradeDeposit Amount: Over €4,000
Total Trade: 21 trades
AvaTrade Review
FXTM (ForexTime)Deposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,000
Total Trade: 12 trades
Admiral Markets Review
FxProDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
CMC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
CMC Markets Review
IC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
Markets.comDeposit Amount: Over €4,000
Total Trade: 12 trades
Markets.com Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
GO MarketsDeposit Amount: Over €4,000
Total Trade: 12 trades
GO Markets Review
FBSDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
FortradeDeposit Amount: Over €5,000
Total Trade: 12 trades
Fortrade Review
GKFXDeposit Amount: Over €5,000
Total Trade: 15 trades
GKFX Review
DarwinexDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
LibertexDeposit Amount: Over €5,000
Total Trade: 15 trades
Libertex Review
ICM MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Markets Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
RoboMarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
FXFlatDeposit Amount: Over €5,000
Total Trade: 12 trades
FXFlat Review
DukascopyDeposit Amount: Over €4,000
Total Trade: 15 trades
Dukascopy Review

Categories
Uncategorized

Best High Leverage Forex Brokers UK 2022

For the Best High Leverage Forex Brokers UK list, we have reviewed and tested 19 forex brokers regulated by FCA in the UK.

We have opened accounts with these brokers and deposited between $4,000and $8,000. We have placed live trades in each popular market to get the full picture of the real spreads charged. We have also contacted each broker’s customer support team to resolve the problems we faced and eventually withdrew our funds to check the withdrawal process.

We have chosen the best forex brokers based on our experience and knowledge as traders.

UK Forex Broker with High Leverage

In order to get access to the financial market of the UK, forex brokers must be registered and licensed by the Financial Conduct Authority (FCA). Established in 2013, FCA is a reputable regulatory body operating under the purview of the UK’s Treasury and Parliament which ensures safe and fair trading by protecting traders’ interests and regulating the financial market of the UK. To read more on FCA visit their official website or follow them on Twitter.

FCA put restrictions on leverage levels allowing traders to change leverage between 30:1 and 2:1 depending on the asset volatility. However, there are several ways how UK traders can access high leverage:

  • Open an account under brokers regulated by FINMA and FMA entities that allow high leverage if available in your region
  • Claim your status as a professional trader and get access to the high leverage from the broker you are registered under
  • Open an account under offshore entities, but we do not recommend offshore brokers since the majority of them are a scam and extremely risky

What is Leverage in Forex?

Financial leverage is basically the aspect of using a small amount of borrowed capital for big investment purposes to increase assets. In forex, leverage is a very common concept. The leverage is measured as the ratio between debt and assets meaning that the trader should have a particular percentage of the total value (for example, 100:1 leverage requires 1% of the total volume). In order to leverage you need to use margin. Buying on margin is the borrowed funds to make purchases on assets.

Financial leverage can be a great way to increase returns on your investment, but it also presents the possibility of losing more than you invest if interest rates go up or those promised returns don’t materialize. To read more about leverage visit their Wikipedia article.

Leverage LevelMargin Required
🏅 50:12%
🥉 100:11%
🥈 200:10.5%
🥇 400:10.25%

High vs Low Operating Leverage

So, what is operating leverage? Operating leverage is a formula that calculates the profitability of the leveraged investment. The higher your operating leverage, the greater will be your profit margin and potential for growth but also risk as well since it means you are putting more money at stake than what would otherwise suffice if there wasn’t any added pressure on profits from being leveraged.

When a company has high operating leverage, they are required to cover larger amounts of fixed expenses each month regardless if the business operates well or poorly. Low-operating-leverage companies, on the other hand, will have more variable costs associated with selling power but lower monthly fees. Generally speaking, high operating leverage is better than low operating leverage one as it allows businesses to earn large profits on each incremental sale.

The right leverage level should depend on the type of instrument you trade and how much money is at risk.

Best Forex Brokers with Highest Leverage in UK

To find the best high leverage forex brokers UK, we tested and reviewed several. We opened live accounts to deposit real money with each broker; then place trades in popular markets for accurate information on spread levels and commissions charged.

  • Dukascopy – Best Overall High Leverage Broker UK
  • IG Markets – Best High Leverage Broker for Beginners
  • CMC Markets – Best UK High Leverage CFD brokers
  • Saxo Markets – Best High Leverage Stock Brokers
  • BlackBull Markets – Best Broker with High Heverage and Low Spread UK

All these brokers are regulated by international regulators. To safely trade leverage, it is crucial to open an account under reliable entities offering high leverage to minimize the risks of losing funds.

Best Overall UK Brokers with High Leverage

We have picked Dukascopy as the best overall high leverage broker in the UK.

Founded in 2004, Dukascopy is Switzerland-based forex and CFDs broker offering banking services as well. The broker offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs.

Dukascopy offers a 100:1 leverage level on major currency pairs under the FINMA entity.

Best Forex Broker with High Leverage in UK for Beginners

We have chosen IG Markets as the best forex broker with high leverage in the UK for beginners.

IG Markets is a FINMA-registered broker with a headquarter located in London. The broker offers traders the chance to trade Forex, Indices & Commodities as well as Shares and Cryptocurrencies. Extensive educational materials on the high leverage market (including videos) available make them the most suitable broker for beginners.

IG Markets offers a 200:1 leverage level under FINMA on most forex pairs to its clients. Traders outside of this jurisdiction can use high leveraging under IG offshore branch, but we do not recommend using offshore entities since they bear downside risks.

Best High Leverage Stock Broker UK

We have picked Saxo Markets as the best high leverage stocks broker.

Saxo Market is a danish broker founded in 1992. It offers an extensive range of products that are comprised of both leveraged and investment-grade offerings. Clients have access to forex, shares, ETFs, commodities, indices, options, bonds, futures, and forwards.

Saxo Markets offers good conditions for high leverage on stocks trading which makes them one of the best choices. They hold a license from Switzerland’s FINMA, giving it access to up to 100:1 loan facilities.

Best UK High Leverage CFD brokers

We have picked CMC Markets as the best high leverage CFD broker in the UK.

CMC Markets, the FMA-regulated broker, is headquartered in London and operates in the UK, Germany, Singapore, New Zealand, and many other countries. Traders are offered a wide range of instruments to trade with including forex, CFDs, stocks, commodities, cryptocurrencies, and indices. It has some of the lowest spreads across the industry and no commission-based fees.

Under the FMA regulator, the broker offers one of the highest leverage levels of 200:1 for CFDs thus making it the major player in the industry.

Best Broker with High Heverage and Low Spread UK

We have handpicked BlackBull Markets as the best forex broker with high leverage and low spreads in the UK.

BlackBull Markets is headquartered in New Zealand. The broker offers more than 200 trading instruments on such markets as forex stocks and commodities. During our test, we found out that most of the broker’s spreads are below the industry average which makes it the best offer.

Under the FMA entity, the broker offers one of the highest leverage levels of 500:1 for its traders.

Top Forex Brokers with High Leverage UK List

High leverage forex brokers are subject to regulatory restrictions; they are normally only available through international entities that still allow high leverage. For this Best High Leverage Forex Brokers UK review, we came up with the following list includes tested brokers registered by reputable regulators offering high leverage.

Forex BrokerFINMA RegulatedFMA RegulatedVisit Broker
IG MarketsYesYesVisit IG Markets
CMC MarketsNoYesCMC Markets Review
BlackBull MarketsNoYesBlackBull Markets Review
DukascopyYesNoDukascopy Review
Saxo MarketsYesNoVisit Saxo Markets
SwissquoteYesNoVisit Swissquote
Interactive BrokersNoYesInteractive Brokers Website

FAQ and More on UK Forex Brokers with High Leverage

In this article, we attempted to cover all the generic trading-related questions that UK traders deal with and find satisfactory answers to them.

High Leverage Crypto Trading UK

In order to protect clients from market volatility, the UK regulator FCA has banned cryptocurrency derivatives in 2021. So, Crypto trading is forbidden and restricted, likewise there arent Crypto Trading with High leverage in UK available

High Leverage Spread Trading Online UK

Introduced by the London-based IG Index in 1974, spread betting is a leveraged strategy in which participants do not own the underlying assets they bet on. Instead, spread bettors only speculate whether an asset’s price will rise or fall by using prices offered by brokers; there are many different markets you can trade with including forex, indices, stocks, or commodities. The use of leverage and the ability to go long or short makes spread betting an attractive option for traders looking at tax benefits. To read more check out our article on spread betting.

Spread betting is banned almost everywhere; it is only available in the UK and regulated by FCA. However, high leverage spread betting is not available for retail traders; so you have to claim your status as a professional spread bettor to get access to the high leverage.

Some of the brokers offering high leverage spread betting are:

  • CMC Markets
  • IG Markets
Categories
Uncategorized

Libertex Review 2022

For this Libertex review, we have opened a standard account with the broker and deposited over €5,000.

We traded the popular instrument in each market to get the real spreads and commissions, and placed a total of 15 trades.

We also reached out to customer support to solve the issues we faced.

Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

What is Libertex?

Libertex is a Cyprus-headquartered forex and contracts for difference (CFDs) broker brand. It was established in 1997.

The broker operates globally with its license from Cyprus, South Africa, and Belarus. Its offerings include forex, indices, commodities, cryptocurrencies, and stocks CFDs.

Some of the highlights of Libertex are:

🗺️ Authorised & Regulated inCyprus, South Africa, Belarus
🛡️ Is Libertex safeYes
💰 EUR/USD SpreadZero Spread
💳 Minimum deposit€100 or $10
💰 Withdrawal feeDepends on the withdrawal method
🖥️ Trading PlatformMT4, Libertex platform
📈 Markets offeredForex, Indices, Stocks, Commodities, Cryptocurrencies
📉 Number of Products271 (depends on the jurisdiction)

Licenses and Regulations

Libertex holds licenses 3 regulatory licenses.

The broker is regulated in Cyprus, South Africa, Belarus. Being operational for more than two decades, the broker also has a good reputation in the market.

The full list of Libertex licenses is below:

Legal entityRegistered inRegulatorLicense numberAccepting clients fromCompensation scheme amount
Indication Investments LtdCyprusCyprus Securities and Exchange Commission (CySEC)164/12European Union€20,000
Libertex (pty) ltdSouth AfricaFinancial Sector Conduct Authority (FSCA)47381South AfricaNo compensation scheme
LLC Financial Company Forex ClubBelarusNational Bank of the Republic of Belarus (NBRB)192580558BelarusNo compensation scheme
Libertex International Company LimitedSt.Vincent & the GrenadinesNANAGlobalNA

Libertex International Company Limited is accepting non-EU clients, but the broker told us that it does not need any license from local regulators for operations.

Libertex CySEC (Cyprus Securities and Exchange Commission) Registration
Libertex CySEC License

Is Libertex Safe

Yes, Libertex is a safe broker for trading.

The broker is well-regulated with a total of 3 licenses. The clients under CySEC also receive a compensation scheme of €20,000 for the protection of their funds.

For our tests, we opened a Libertex Account with Indication Investments Ltd, which is regulated by Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

Fees and Commissions

Libertex generally charges trading fees, but there are some spreads for some instruments as well.

Spread Charged in Our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average trading fees.

Our test is based on the Libertex account. The broker only charged commissions on our traders with zero spreads.

Details of our trades are shown below the table.

MarketsInstruments1st trade margin adjusted commission1st trade trading commission2nd trade margin adjusted commission2nd trade trading commission3rd trade margin adjustment commission3rd trade trading commission
ForexEUR/USD€6€0€6€0€6€0
IndicesFTSE 100€4.66€3€2.33€1.50€2.33€1.50
StocksApple€1.93€1.50€1.93€1.50€1.93€1.50
CommoditiesGold€3€0.66€3€0.66€3€0.77
CryptocurrencyBitcoin€5.52€1.50€5.59€1.50€2.26€0.60
MarketsInstrumentsMultiplierVolume
ForexEUR/USD30€2,000
IndicesFTSE 10020€1000 for 1st trade, €500 for 2nd and 3rd trade
StocksApple5€500
CommoditiesGold20€1,000
CryptocurrencyBitcoin2€500 for 1st trade and 2nd trade €200 for 3rd trade

Other Fees

Libertex does not charge any deposit fees (only with one exception). The broker, however, charges withdrawal fees for most of the methods.

Libertex also collects a $5 monthly inactivity fee from the accounts without any trading activity for 180 days, holding a balance of less than $10,000.

Account Types

Libertex offers three types of accounts: Libertex account, MetaTrader 4 account, and MetaTrader 5 account (available only to customers outside the EU).

Details of all account types under Indication Investments Ltd (for EU clients):

Libertex AccountMT4 Account
Trading PlatformsLibertex PlatformMetaTrader 4
Account CurrencyUSD, EUR, GBP, PLN, CHFUSD, EUR, GBP, PLN, CHF
Minimum deposit€100€100
CommissionFrom 0.03%From €0.04
Order executionMarket ExecutionMarket Execution
SpreadFrom 0From 0

Details of all account types under Libertex International Company Limited (for global clients):

Libertex AccountMT4 AccountMT5 Account (Market)MT5 Account (Instant)
Trading PlatformsLibertex PlatformMetaTrader 4MetaTrader 5MetaTrader 5
Account CurrencyUSDUSDUSDUSD
Minimum deposit$10$10$10$10
CommissionFrom 0%From $0.06From $0.07From $0
Order executionMarket ExecutionMarket ExecutionMarket ExecutionInstant Execution
SpreadFrom 0.00003From 0From 0From 0.6

Libertex Login

Our overall experience of opening a new account with Libertex was smooth and fast.

We opened a Libertex Account for our tests under the Cyprus-regulated entity.

The process of registration of a new Libertex account:

  1. Enter email and password in the initial registration form.
  2. Go to profile management and verify email and fill in details like name, date of birth, country, city, and passport.

Traders need to provide additional details and summit verification details during the first deposit.

We have to provide the following details while making the first deposit:

  1. Enter details on the level of education, employment status, annual income level, source of wealth, and anticipated yearly investment.
  2. Answers a few questions on trading experience and knowledge.
  3. Enter residential address and nationality.

We submitted the following documents to verify our Libertex account:

  1. Copy of national identification (both front and back)
  2. Copy of our bank statement

The registration process took around 5 minutesOur account was verified in 2 working days.

Our account was registered on April 2, 2022, and approved on April 6, 2022.

Our overall account opening experience was smooth and without any issues from registration to verification.

Libertex Account Opening
Libertex Account Opening

Deposit and Withdrawal

Deposits on Libertex are easy and fast, but we faced additional and tiresome scrutiny while making withdrawals.

The broker does not charge any fees for most of the deposit and withdrawal methods but there are some exceptions.

Deposit and withdrawals fee details on Indication Investments Ltd:

MethodDeposit FeeWithdrawal Fee
Bank transferNone0.5% (Min €2, max €10)
Credit/ debit cardNone€1
Skrill1.9%None
NetellerNone1%

Deposit and withdrawals fee details on Libertex International Company Limited:

MethodDeposit FeeWithdrawal Fee
Bank transferNone$29
Credit/ debit card2.5% (Min $0.5)NA
Skrill1.9% (Min $0.5)1% (Min $0.5)
Neteller4%NA

Libertex did not charge any fee on our Skrill deposit

Minimum Deposit

The minimum deposit on Libertex depends on the entity under which the account is opened.

  • Indication Investments Ltd: €100
  • Libertex International Company Limited: $10.

Traders only need to invest a minimum of $10 on every investment on Libertex International Company Limited.

Deposit

Libertex supports deposits with bank transferscredit and debit cards, and popular e-wallets like Neteller and Skrill. The broker also accepts funds through other regional payment platforms like Sofort (Germany, Spain, Italy, Austria), Ideal (Netherlands), GiroPay (Germany), and a few more.

The broker mostly does not charge any fees for deposits for EU clients but charges heavy fees for non-EU clients.

The deposit methods also depend on the account jurisdiction.

We tested the deposit process on Libertex using a credit card, Neteller, Skrill, and PayPal.

Details of our fund deposits are shown in the below table.

Payment MethodSubmitted DateFunded Account DateFunding TimeFee
Credit card2022-04-082022-04-08Instant0
Skrill2022-04-082022-04-08Instant0
Neteller2022-04-082022-04-08Instant0
PayPal2022-04-082022-04-08Instant0

Libertex mentions on its website that there is a 1.9% deposit fee on Skrill, but the broker did not charge us anything on our Skrill deposit.

After depositing €5,000, we received a notice from Libertex saying that we became a VIP client and will receive a Libertex platform trading commission discount of 30%, along with Premium support.

Libertex Deposit Methods
Libertex Deposit Page

Withdrawal

Libertex allows withdrawals with bank transfers, credit and debit cards, and online wallets like Neteller and Skrill.

Though the Libertex website mentions that there are withdrawal fees for most of the deposit methods, it did not charge any fee for most of our withdrawals.

Overall, our experience with the Libertex withdrawal process was not smooth.

Details of our withdrawal requests are in the table below.

Payment MethodSubmitted DateFund Released DateFund Arrived DateWithdrawal TimeFee
Credit card2022-04-09NANANANA
Credit card2022-04-14NANANANA
Neteller2022-04-122022-04-142022-04-142 working day1%
Skrill2022-04-122022-04-142022-04-142 working day0
PayPal2022-04-082022-04-142022-04-144 working day0
Skrill2022-04-152022-04-152022-04-15Instant0

Our experience with Libertex withdrawal was not smooth with quite a bit back and forth.

After submitting the withdrawal request, Libertex requested proof of identity (selfie with ID and image of front/backside of credit card) from us. Additionally, the requirements state that the selfie with ID must be a color photo clearly showing the trader’s face, the trader’s entire arm holding the ID, and all the information from the front side of the ID.

We provided a clear photo selfie with ID but Libertex said our ID was not clear enough and we needed to take another photo to make it more visible. Finally, we received the withdrawal fund on April 14.

We submitted twice withdrawal requests with a credit card twice, but both failed. Libertex said it was due to our bank issue and we had to withdraw the rest of the fund using Skrill at last.

Libertex Markets and Products

Libertex offers CFDs trading services with forex, indices, stocks, commodities, and cryptocurrencies instruments.

The complete list of Libertex offerings are:

MarketsInstruments
Forex51
Indices21
Stocks and ETFs129
Commodities18
Cryptocurrency52

The markets and the number of offered instruments will depend on the account jurisdiction.

Trading Conditions

Trading conditions on Libertex are decent. The broker allows hedging and scalping strategies but traders cannot change leverage levels.

Though scalping is allowed, traders cannot open more than 1 position within a minute.

Trading MethodAllowed
HedgingYes
ScalpingYes (Traders cannot open more than 1 position in a minute)
Change LeverageNo

Leverage

Leverages offered by the various entities of Libertex are detailed below:

MarketsIndication Investments LtdLLC Financial Company Forex ClubLibertex International Company Limited
Major Currency Pairs30:1100:1999:1
Non-Major Currency Pairs20:1100:1200:1
Gold20:1100:1300:1
Other Commodities (except Gold)10:1100:1200:1
Indices20:1100:1500:1
Stocks5:15:120:1
Cryptocurrencies2:15:1200:1

Trading Platform

Libertex offers trading services on its proprietary Libertex platform and industry-standard MetaTrader 4 and MetaTrader 5 (only for non-EU clients) platforms.

Libertex Trading Platform
Libertex Trading Platform

We executed all our trades on the Libertex trading platform.

Bonus

Libertex International Company Limited offers a 100% welcome bonus to all new traders. The minimum deposit amount to receive the Welcome Bonus is $100. The maximum bonus amount is $10,000.

Libertex Bonus
Libertex Bonus

Research and Tools

Libertex offers decent market research and analysis tools.

Tools offered by the broker include:

  • Good charting tools
  • Economic calendar
  • Signals
  • Trading automation
  • Newsfeed
Libertex Trading Tools
Libertex News and Signals

Education

Libertex offers poor educational resources.

The broker’s educational materials only include:

  • Some guides on trading
  • Webinars
  • Demo account
Libertex Educational Material
Libertex Educational Resources

Customer Service

Libertex has decent customer support.

Traders can contact the broker via:

  • Live chat 
  • email
  • Phone

The support staff is available only on weekdays.

Our experience with Libertex customer support was mixed.

The support staff on both live chat and email was quick enough with the response, but could not provide answers to all our queries.

QuestionResponse TimeQuality of reply
Live ChatAsked about minimum deposit and withdrawal fees1 minuteClear and accurate
EmailAsked about the offered leverage under Belarus license1 minuteCould not provide any answer
EmailAsked about account currencies1 working dayClear and direct

Libertex Forex Club

Libertex Customer Support
Libertex Customer Support

The broker also has a detailed FAQ section for frequently faced issues.

Conclusion

Our overall experience with Libertex was decent.

The broker offers fast execution without any spreads. It charges a commission on trades, which is higher than the industry average. The broker charged a 0.3% margin adjustment fee on all instruments.

Account opening and deposits were smooth and fast, but withdrawals on the broker were frustrating. We had to provide identity proof and selfies with harsh requirements for withdrawals.

Our experience with customer support was mixed as some of the responses were fast, clear, and detailed, while they could not answer one. We recommend traders to contact the broker via Live chat.

On the positive side, Libertex allows traders to run hedging and scalping, but they cannot change leverage levels.

We recommend Libertex to traders who are taking long-term positions.

We recommend Libertex for traders who are

  • Experienced traders
  • Swing traders
  • Trading currency pairs
  • Using Metatrader
  • EA trader
  • Day trader
  • Commission based Trading

Libertex might not be a fit if you are

  • Beginners in trading

Categories
Uncategorized

Best Forex Brokers Greece 2022

To come up with this list, we have tested forex brokers Greece.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Afterwards, we placed trades in each popular market to get the actual picture. 

We also reached out to customer support to solve issues that we had encountered. To check the withdrawal process we withdrew our funds.

We handpicked the best forex brokers Greece based on our trading data and experience as a trader.

Is Forex Trading Greece legal?

Forex brokers in Greece are subject to rigorous regulation by the Hellenic Capital Market Commission (HCMC), which is responsible for regulating both securities markets and over-the-counter products. The Hellenic Capital Market Commission is a legal entity established by Law 1969/91 and organized in compliance with 2324. It aims to ensure protection, orderliness, or efficiency within the capital markets it regulates. The HCMC is a Member of the European Securities and Markets Authority (ESMA) and operates within its framework and under its authority.

The Hellenic Capital Market Commission’s website is www.hcmc.gr.

Being a part of the EU, Greek Forex traders have access to a variety of financial markets through the European Union. In addition, Greek brokers offer services for both domestic and international clients under MiFID rules. Most European forex brokers are available for Greek clients and they are considered trustworthy and safe.

During the last years, Greece faced an economic crisis. However, the country has been able to overcome the difficulties and the market is stable at present.

🏦RegulatorHellenic Capital Market Commission (HCMC)
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeYes

Best Forex Brokers in Greece

When Greece residents first start Forex trading, finding a reliable broker is, perhaps, one of the most important decisions to make. When choosing a broker, there are a number of important aspects to pay attention to. Most importantly, traders should pick a strictly regulated broker. This is of utmost importance, as the market is full of scams nowadays. Thus a regulated broker will save the traders from a lot of headaches and financial loss.

In Greece, due to local regulation, there are many reliable local brokers. There are also brokers that accept traders from Greece. As the country is a EU member all the European brokers accept Greek traders due to ESMA regulations.

We recommend signing only with reliable firms so that the safety of your money is never compromised. Also, before signing with a broker, traders should verify if the accounts are supported by necessary payment methods. Another important aspect to consider is customer support. Check whether the customer support team provides services in Greece.

To select the best forex brokers Greece, we have tested and reviewed various brokers. For our tests, we opened a live account, deposited real money, and placed real trades with each broker.

Based on our tests, we recommend trading with the following brokers that we have selected as the best forex brokers Greece:

  • Capital.com
  • FP Markets
  • AvaTrade
  • Plus500

Overall Best Forex Brokers for Greece

We picked FP Markets as the overall best forex broker Greece. 

The broker offers a wide range of trading instruments with forex, stocks, indices, commodities, and cryptocurrencies. FP Markets stands out for its forex ECN pricing. FP Markets holds licenses in multiple jurisdictions: the United Kingdom, Australia, Cyprus, Saint Vincent, and the Grenadines.

The broker’s spreads are lower than the industry average, especially for forex and indices. Spreads on stocks, commodities, and cryptocurrencies, are mostly on the average benchmark. 

The broker offers to trade on MT4, MT5, and IRESS platforms. FP Markets accounts are based on its trading platforms: Standard and Raw account for MetaTrader platforms and Standard, Platinum, and Premier accounts for IRESS.

Best Forex Brokers for Beginners in Greece

We picked Capital.com as the best forex broker Greece for beginners.

Capital.com is a forex and CFDs broker. Founded in 2016, it is headquartered in London and the United Kingdom. With the broker, traders have access to the following trading categories: forex, indices, commodities, cryptocurrencies, and stock CFDs. The broker holds licenses in the United Kingdom, Cyprus, and Belarus.

We have picked Capital.com as the best forex broker Greece for beginners, as its educational section is exceptional. By signing with the broker, traders will gain access to detailed courses on trading, video guides, webinars, glossary, in-depth articles, and a demo account.

Best MT4 Forex Broker for Greek traders

We picked AvaTrade as the best MT4 broker in Greece. 

Founded in 2006 AvaTrade is headquartered in Dublin, Ireland. The broker is regulated in Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands. AvaTrade offers multiple instruments in the following categories: forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs.

With AvaTrade clients have access to multiple trading platforms: MetaTrader 4, MetaTrader 5, WebTrader (AvaTrade’s proprietary web-based platform), AvaOptions (forex vanilla options), AvaTradeGo (for mobile trading). We have picked AvaTrade as the best MT4 forex broker in Greece, as its MT4 platform is very clear and easy to use. Also, it includes all the necessary tools and features for conducting favorable trades.

Best Low Spread Forex Companies Greece

We picked Plus500 as the best low spread forex broker in Greece.

Plus500 was founded in 2008. The broker is headquartered in Israel. The broker is regulated in multiple jurisdictions and holds licenses in Seychelles, Singapore, and Australia. Plus500 offers trading services with forex pairs and CFDs of stocks, indices, cryptocurrencies, ETFs, and options. 

Plus 500 offers the following deposit methods: credit/debit cards, bank transfers, and two popular electronic wallets, PayPal and Skrill. Plus500 offers its own trading platform. The platform is easy to use and user-friendly, yet it cannot be customized.

Based on our test, the broker’s spreads are consistent. Plus500 spreads for forex and ETFs are much lower than the industry average. On the other hand, spreads on indices, commodities, stocks, and cryptocurrencies are on the industry average or slightly higher.

Greece Forex Brokers List

There are many brokers available to Greek traders. We have tested them and come up with an impressive list.

Greece Forex BrokerAbout Our TestOur Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
PepperstoneDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
GO MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
GO Markets Review
ICM CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review
Capital.comDeposit Amount: Over €3,500
Total Trade: 15 trades
Capital.com Review
DarwinexDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading in Greece

There are often a lot of questions related to trading in Greece. We tried to choose and answer some of the most essential queries related to the brokers available in the country.

How to Verify Greece Regulated Broker?

In Greece, traders should make sure that the broker falls under ESMA regulation. This can easily be confirmed on the ESMA website. Besides, the main regulatory body in Greece that oversees the financial market and Forex trading is the Hellenic Capital Market Commission. Traders can also verify a Greece broker on the regulator’s official website.

However, it is better safe than sorry, so it is always advisable to double-check any information that is connected with your money safety. You can confirm the broker’s availability on the broker’s official website.

Greece main regulator body - HCMC

High Leverage Forex Brokers

Leverage is known as the borrowed money by a trader to invest in a trading instrument. High leverage is available in Greece for both professional traders and retail traders. They can open accounts with a Swiss broker, for instance, Dukascopy. Traders should pay attention to the reliability of the broker, as the majority of offshore brokers offer high leverage, yet, no matter how attractive their offerings seem, it is recommended to avoid offshore brokers.

According to the ESMA’s guidelines, the high leverage for retail traders is limited to 30:1. However, for professional traders, the leverage can be higher – up to 500:1. 

Tax in Greece for Forex Trading

In Greece, forex trading is subject to taxation. Generally, a tax of 15% is applied to the profits gained from forex trading.

Traders must remember that the responsibility of taxes is fully on them. Any kind of avoidance or delay may lead to unpleasant complications and fines.  

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GKFX Review 2022

For this GKFX review, we have opened a standard account with the broker and deposited over €5,000.

We traded the popular instrument in each market to get the real spreads and placed a total of 15 trades.

We also reached out to customer support to solve the issues we faced.

Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

What is GKFX?

GKFX is a United Kingdom-headquartered forex and contracts for difference (CFDs) broker established in 2010.

The broker group runs three retail brands: GKFX, GKFX Prime, and GKFX Cambodia. It also runs the GKPro brand, which serves only professional traders.

Retail offers in the broker include contracts for differences (CFDs) trading with forex, indices, commodities, stocks, and cryptocurrencies.

GKFX is well-regulated with operating licenses from the financial regulators in the United Kingdom, Malta, the British Virgin Islands, Australia, and Cambodia.

Some of the highlights of GKFX are:

🗺️ Authorised & Regulated inUK, Malta, British Virgin Islands, Cambodia, Australia
🛡️ Is GKFX safeYes
💰 EUR/USD Spread0.67
💳 Minimum depositUS$0 or €200
💰 Withdrawal feeUS$0
🖥️ Trading PlatformMT4, MT5
📈 Markets offeredForex, Indices, Stocks, Commodities, Cryptocurrencies
📉 Number of Products282 (depends on the jurisdiction and account type)

Licenses and Regulations

GKFX holds licenses from regulators in 4 countries.

The broker is regulated in the UK, Malta, British Virgin Islands, and Cambodia. The UK’s FCA is considered as one of the top global financial regulators.

The full list of GKFX licenses is below:

Legal entityRegistered inRegulatorLicense numberAccepting clients fromCompensation scheme amount
GKFX Financial Services LtdUnited KingdomFinancial Conduct Authority (FCA)501320United Kingdom£85,000
AKFX Financial Services LtdMaltaMalta Financial Services Authority (MFSA)C60473European Union€20,000
International Finance House LtdBritish Virgin IslandsB.V.I Financial Services Commission (FSC)BVI SIBA/L/1066GlobalNo compensation scheme
GKFX Cambodia Co LtdCambodiaSecurities and Exchange Commission of Cambodia (SECC)026CambodiaNo compensation scheme
FairMarkets Trading Pty LtdAustraliaAustralian Securities and Investment Commission (ASIC)424122AustraliaNo compensation scheme
Global Kapital Investama BerjangkaIndonesiaCommodity Futures Trading Supervisory Agency (BAPPEBTI)824/BAPPEBTI/SI/11/2005IndonesiaNo compensation scheme

The Malta-regulated entity operates with the tradename GKFX, the British Virgin Islands entity with GKFX Prime, the Cambodian entity with GKFX Cambodia, the Australian entity operates under FairMarkets, and the Indonesian entity operates with GKInvest.

UK regulated broker GKFX Financial Services Ltd only offers services to professional and institutional clients with the tradename GKPro.

GKFX MFSA (Malta Financial Services Authority) License
GKFX MFSA License

Is GKFX Safe?

Yes, GKFX is a safe broker from a regulatory perspective.

The broker is well-regulated with a total of 4 licenses. It is also overseen by the UK’s FCA, which is a well-reputed financial market regulator and offers a compensation scheme of £85,000 to protect clients’ funds. Malta’s MFSA also offers a compensation scheme of €20,000.

For our tests, we opened an MT5 Standard account with AKFX Financial Services Ltd, which is regulated by Malta Financial Services Authority (MFSA) in Malta.

Fees and Commissions

Trading fees on GKFX are mostly built into spreads. The broker, however, charges commission on its higher-tier accounts with low spreads.

Spreads for forex, indices, commodities, and stocks on our trades were much below the average industry benchmark.

GKFX Spread Charged in Our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average spread.

Our test is based on GKFX’s Standard account. Spreads for our trades with forex, indices, stocks, and commodities remained stable with minor deflections for all asset classes.

Details of our trades are shown below the table.

MarketsInstruments1st trade2nd trade3rd tradeAvg. spread
ForexEUR/USD0.750.650.60.67
IndicesFTSE 1000.850.850.80.83
StocksApple3.73.73.73.7
CommoditiesGold2222
CryptocurrencyBitcoin38.242546.6136.62

Our testing finds that spreads on forex, indices, commodities, and cryptocurrency CFDs are lower than the industry average. Spreads on share CFDs are, however, on the higher side.

MarketsInstrumentsAvg. spread charged in our tradesIndustry avg. spread
ForexEUR/USD0.671.16
IndicesFTSE 1000.831.65
StocksApple3.71.75
CommoditiesGold23.53
CryptocurrencyBitcoin36.6272.81

Other Fees

GKFX does not have any prominent non-trading fees. The broker does not charge any deposit or withdrawal fees, and there are no maintenance or inactivity fees either.

Account Types

The retail account types offered by GKFX vary with each regulated entity.

Details of all account types under AKFX Financial Services Ltd (regulated in Malta) are:

Standard AccountPremium Account
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5
Account CurrencyUSD, GBP, EURUSD, GBP, EUR
Minimum deposit€200€25,000
CommissionNone€6/lot
Order executionInstant ExecutionInstant Execution
SpreadFrom 0.6From 0.1

Details of all account types under International Finance House Ltd (regulated in the British Virgin Islands) are:

Standard Fixed AccountStandard Variable AccountVIP Variable AccountECN Zero Account
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5
Account CurrencyUSD, GBP, EURUSD, GBP, EURUSD, GBP, EURUSD, GBP, EUR
Minimum depositNoneNone$5,000None
CommissionNoneNoneNone$10/lot
Order executionInstant ExecutionInstant ExecutionInstant ExecutionInstant Execution
SpreadFrom 1.8From 1.2From 0.6From 0

Details of all account types under GKFX Cambodia Co Ltd (regulated in Cambodia) are:

Standard AccountECN Zero AccountVIP Variable Account
Trading PlatformsMetaTrader 4MetaTrader 4MetaTrader 4
Account CurrencyUSDUSDUSD
CommissionNone$15 per round lotNone
Order executionInstant ExecutionInstant ExecutionInstant Execution
SpreadFrom 1.2From 0From 0.6

FairMarkets Trading Pty Ltd (Australian regulated broker) offers only one account type:

Real Account
Trading PlatformsMetaTrader 5
Account CurrencyUSD, AUD
CommissionNone
Order executionInstant Execution
SpreadFrom 1.2

Details of account types offered by Global Kapital Investama Berjangka (regulated in Indonesia):

Standard Fixed AccountSilver Fixed AccountGold Fixed AccountPlatinum Fixed AccountStandard Variable AccountECN Zero Account
Trading PlatformsMetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5
Account CurrencyUSD, IDRUSD, IDRUSD, IDRUSD, IDRUSD, IDRUSD, IDR
Commission$2 per lot$2 per lot$2 per lot$2 per lot$2 per lot$10 per lot
Order executionInstant ExecutionInstant ExecutionInstant ExecutionInstant ExecutionInstant ExecutionInstant Execution
Spread1.61.210.8From 1.2From 0

The Indonesian entity also offers a Multilateral account for commodities trading.

Account Opening

Our overall experience of opening a new account with GKFX was smooth and fast.

We opened a MetaTrader 5 Standard account for our tests under the Malta-regulated entity.

The process of registration of a new GKFX account:

  1. Enter personal details like the first name, last name, country of residence, phone number, email, and declaration of non-US nationality.
  2. Prove more personal details like date of birth, place of birth, residential address, nationality, and passport number.
  3. Provide professional and financial information: employment status, annual income, total assets, liquid assets, source of assets, expected annual deposit amount and expected trading frequency.
  4. Answer some questionnaires on trading knowledge and experience.

We submitted the following documents to verify our GKFX account:

  1. Copy of national identification (both front and back)
  2. Copy of our bank statement

The registration process took around 12 minutesOur account was verified in 1 working day.

Our account was registered on March 26, 2022, and approved on March 29, 2022.

Our overall account opening experience was smooth and without any issues from registration to verification.

GKFX Account Opening
GKFX Account Opening

Deposit and Withdrawal

Both deposits and withdrawals on GKFX are easy and fast. All our funding and withdrawal requests were completed without any issues.

The broker does not charge any fees for deposits and withdrawals.

Minimum Deposit

The minimum deposit on GKFX varies with the account types.

For Malta-registered entity operating as GKFX:

  • Standard account: €200
  • Premium account: €25,000

For the British Virgin Islands-registered GKFX Prime:

  • Standard Fixed account: $0
  • Standard Variable account: $0
  • VIP Variable account: $5,000
  • ECN Zero account: $0

Traders only need to maintain the minimum deposit balance on their accounts.

Deposit

GKFX supports deposits with bank transferscredit and debit cards, two online wallets, Neteller and Skrill. There are no deposit fees.

The deposit methods also depend on the account jurisdiction.

We tested the deposit process on GKFX using a credit card, Neteller, and Skrill.

Details of our fund deposits are shown in the below table.

Payment MethodSubmitted DateFunded Account DateFunding TimeFee
Credit card2022-04-062022-04-06Instant0
Neteller2022-04-062022-04-06Instant0
Skrill2022-04-062022-04-06Instant0
GKFX Deposit Methods
GKFX Deposits and Withdrawals

Withdrawal

GKFX allows withdrawals with bank transfers, credit and debit cards, and online wallets like Neteller and Skrill. It does not charge any withdrawal fee.

Overall, our experience with the GKFX withdrawal process was positive.

Details of our withdrawal requests are in the table below.

Payment MethodSubmitted DateFund Released DateFund Arrived DateWithdrawal TimeFee
Credit card2022-04-062022-04-072022-04-082 working day0
Neteller2022-04-062022-04-072022-04-071 working day0
Skrill2022-04-062022-04-072022-04-071 working day0

Markets and Products

GKFX offers CFDs trading services with forex, indices, stocks, commodities, and cryptocurrencies instruments.

The complete list of GKFX’s offerings are:

MarketsInstruments
Forex47
Indices20
Stocks and ETFs198
Commodities14
Cryptocurrency3

The markets and the number of offered instruments will depend on the account jurisdiction and also the type of account.

Trading Conditions

Trading conditions on GKFX are bad. The broker does not allow hedging and scalping strategies. Retail traders cannot even change leverage levels.

Only professional traders can change leverage levels.

Trading MethodAllowed
HedgingNo
ScalpingNo
Change LeverageNo (only professional clients can change leverage levels)

Leverage

Leverages offered by the various entities of GKFX are detailed below:

MarketsGKFX Financial Services LtdInternational Finance House LtdAKFX Financial Services LtdGKFX Cambodia Co LtdFairMarkets Trading Pty LtdGlobal Kapital Investama Berjangka
Major Currency Pairs30:1400:130:1400:130:1400:1
Non-Major Currency Pairs20:1400:130:1400:120:1400:1
Gold20:1200:120:1400:120:1400:1
Other Commodities (except Gold)10:150:120:1400:110:1100:1
Indices5:1200:120:1NA20:1100:1
Stocks5:110:120:1NANANA
CryptocurrenciesNA20:12:1NA2:1NA

Copy Trading GKFX Prime Review

The British Virgin Islands-registered GKFX Prime offers services with two third party copy trading platforms:

GKFX Copy Trading
GKFX Copy Trading

Trading Platform

GKFX offers trading services on MetaTrader 4 and MetaTrader 5 platforms. These are industry standard third-party platforms developed by the company MetaQuotes Software.

Both these platforms are available on the web, desktop, and mobile.

GKFX MT4

GKFX Trading Platforms
GKFX Trading Platforms

We executed all our trades on MetaTrader 5 platform.

Research and Tools

GKFX offers excellent market research and analysis tools.

Tools offered by the broker include:

  • Good charting tools
  • Trading signals using Autochartist and Trading Central
  • Economic calendar
  • Forex VPS
  • Trading automation with Tradeworks
  • Market research articles and weekly videos
  • Newsfeed
GKFX Trading Tools
GKFX Trading Tools

Education

GKFX offers good educational resources.

The broker’s educational materials include:

  • Video tutorials for beginners and expert traders
  • Details guides on trading and platforms
  • Ebooks
  • Webinars
  • Demo account
GKFX Educational Material
GKFX Webinar

Customer Service

GKFX has good customer support.

Traders can contact the broker via:

  • Live chat 
  • email
  • Phone

The support staff is available only on weekdays and takes questions in 14 languages.

Our experience with GKFX customer support was very good.

The support staff on both live chat and email was quick enough to answer our query accurately and in detail.

QuestionResponse TimeQuality of reply
Live ChatAsked questions on hedging and scalping1 minuteClear and accurate
EmailAsked about the number of trading instruments30 minutesClear and accurate
EmailAsked about releasing our withdrawal fund8 hoursClear and direct instructions
GKFX Customer Support
GKFX Customer Support

The broker also has a detailed FAQ section for frequently faced issues.

Conclusion

Our overall experience with GKFX was decent.

The broker offers attractive spreads on forex with fast execution. Commodity spreads also remained stable.

Account opening, deposits, and withdrawals are also smooth and fast on the broker. Our experience with customer support was again excellent as the responses were fast, clear, and detailed.

On the negative side, GKFX does not allow traders to run hedging and scalping.

We recommend GKFX to forex traders who run EA.

We recommend GKFX for traders who are

  • Experienced traders
  • Beginners
  • EAs trading
  • Trading through MT4

GKFX might not be a fit if you are

  • Real Stock / Futures Trading
  • Commission based trading
  • Run Scalping
  • Hedging
  • Prefer other platforms rather than MetaTrader

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Best Forex Trading Schools South Africa (Johannesburg, Pretoria) 2022

For this list, we have researched and tested popular Forex Trading Schools South Africa available both online and offline.

We have enrolled with several online forex trading webinars, seminars, and trading school programs that are provided by different trading schools available across South Africa in Johannesburg and Pretoria. We have completed the trading courses and programs, webinars and checked the quality of its service fully.

At last, based on our experience we have picked the Best Forex Trading School South Africa available to both beginner and advanced traders. 

What makes Best School for Trading South Africa?

There are many forex trading schools and courses available in South Africa offering plenty of courses, webinars, and seminars to help beginners get started or traders with experience improve knowledge or polish trading skills. For beginners, it is advised to take beginners course to get a general knowledge about Markets and then select the best trading school and find Course that will cover your trading need.

Forex brokers must be registered and authorized with the Financial Sector Conduct Authority (FSCA), formerly known as the Financial Services Board (FSB), to operate in South Africa. FSCA is a regulator with some strict scrutiny measures, and thus brokers regulated by it are considered safe. It is the only South African regulator overseeing the local Forex market. Read more about SA Forex Brokers here.

When it comes to Forex Trading South Africa Schools, the following options are available: Forex Trading School Online Free and others with a charge depending on the conditions of the school or Forex Broker or Financial institution that offers the course.

The characteristics of a good Forex Trading SA School are:

📈 EducationOnline Course
In class Lessons
👨‍💻 SchoolReputable School with Expert Instructors
🔎 CourseBeginners Course
Advanced Course
Macro Course
Live Streaming
📑 Free Materialse-Books
Guides
Intro Videos
🚀 CoachingPersonal Lessons
One on One Coaching
🏛️ QualityWell Structured material
Good access to resources
Live trade demonstrations
Demo Account
💸 FeeFree Materials
Prepaid Courses
Monthly Subscription

Best Trading School in South Africa

As a result of our research, we picked Forex Masters as the best pro trading school in South Africa, Pretoria. 

Forex Masters has received over 24 international awards and nominations as the Top Forex Training Institution in South Africa. Training Courses are presented every week in Pretoria and on request in Cape Town, Port Elizabeth, or elsewhere. Follow-up sessions are also available.

Forex Trading Courses in South Africa

While looking for SA trading courses to get started, traders are highly recommended to learn only from reliable and popular firms, and never use any education materials as trading advice. For our list, we selected only popular and reputable schools and courses with quality education and materials suitable for various level traders.

School Name City Course Course Cost Course Duration  Free Materials School Website    
Stock Market College (stock trading school online)  Johannesburg The Stock Market and Concepts of TradingR33 744 full payment once-offOn-demand Yes Stock Market College
Forex Masters   Pretoria Forex
Trading Course
One-to-One Training – R15,000.00 per person; Groups of 5 and more – R10,000.00 per person3 DaysYes  Forex Masters  
Wealth Forex Academy JohannesburgWFA Mentorship CourseOnline Forex Course – R4 999 ($350 USD); Face-to-Face – R 7 999; Online Indices Course – R3 999Two weeks Forex classes, 12 months mentorshipYes  Wealth Forex Academy  
Forex Academy Johannesburg Forex Trading Course$599 (VAT incl)All year long, on-demandYes  Forex Academy
International School of TradersJohannesburgBeginners CourseNot providedNot definedInternational School of Traders

Best Forex Trading School in Johannesburg

  • Stock Market College, Johannesburg – Best Stock Trading School Online
  • Wealth Forex Academy, Johannesburg – Best Financial Markets Trading Mentorship School
  • Forex Academy, Johannesburg – Best Forex Fundamental Courses

We selected Stock Market College as the best trading school in Johannesburg. 

The school offers courses on The Stock Market and Concepts of Trading, Fundamental Analysis, Technical Analysis, Planning a Trade, Practical Trading, and so on. The Stock Market College’s mission is to provide quality, learning opportunities to all candidates wanting to educate themselves in the Stock Market, so is an ideal choice for learning to trade Stocks.

Forex Trading Mastery School Johannesburg

The forex trading market is one of the traded markets in the world. That’s the reason that many people are interested in learning how to trade on it.

There are plenty of Forex Trading Mastery Courses available in Johannesburg offering a trader more than just strategies and markets. They provide an opportunity to learn about the selected topic in-depth, by enrolling in particular courses or workshops that match their needs specifically.

Here is our top selection of Forex Trading Mastery Schools in Johannesburg:

School Name Location Course Course Cost Course Duration  Free Materials School Website    
Wealth Forex AcademyJohannesburgWFA Mentorship Course Online Forex Course – R4 999 ($350 USD); Face-to-Face – R 7 999; Online Indices Course – R3 999Two weeks Forex classes, 12 months mentorship Yes Wealth Forex Academy
Stock Market CollegeJohannesburgThe Stock Market and Concepts of TradingR33 744 full payment once-offOn-demand Yes  Stock Market College
Forex AcademyJohannesburg Forex Trading Course$599 (VAT incl)All year long, on-demandYes  Forex Academy

Best Forex Trading School in Pretoria

For this list, we have selected the most reputable and popular Forex Trading Schools in Pretoria:

  • Forex Masters, Pretoria – Best Pro Trading School
  • NASDAQ Forex Academy, Pretoria – Best Nasdaq Education School
  • Calliba Forex Trading Academy, Pretoria – Best Trading School

As a result of our research, we selected Forex Masters as the best pro trading school in Pretoria. 

Forex Trading Courses Pretoria

If you are looking for a Forex Trading Course in Pretoria, you need to find a course that is taught by reputable and well-known schools, so you will be able to learn about market analysis, risk management, and technical analysis, among other topics. And also make sure the course you choose is flexible and adaptable to your unique learning style.

Here is our top selection of Forex Trading Courses in Pretoria:

School Name Location Course Course Cost Course Duration  Free Materials School Website    
Forex Masters Pretoria Forex
Trading Course
One-to-One Training – R15,000.00 per person; Groups of 5 and more – R10,000.00 per person3 DaysYes Forex Masters
NASDAQ Forex AcademyPretoriaAdvanced Trading Training CourseR2,500.00On-demand –  NASDAQ Forex Academy
Calliba Forex Trading AcademyPretoriaForex Trading CourseOn-demand–  Not available

FAQ and More on South Africa School of Investment and Trading

The South African trading market offers many trading school options for both beginner and experienced traders. Each trading school has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you. However, make sure you choose a school or course that offers high-quality education and provides accurate information.

Swing Trading School South Africa

Swing trading is one of the popular trading strategies applied to the financial markets and based on keeping positions longer than a day.

The South African Swing Trading School offers a comprehensive education in day trading and is suitable for NDD brokers. The school is located in Johannesburg offering a variety of courses for both beginner and experienced traders. The South African Swing Trading School is an excellent choice for those interested in learning how to swing trade effectively.

Trading Schools in South Africa

There are many offline and online schools available in South Africa, here we list some of the popular schools in South Africa cities available for online and offline learning:

  • Polokwane Forex Academy, Polokwane – Best from Basic to Advance Courses
  • S A Forex Trading School, Port Shepstone – Best Forex Trading Mentorship School
  • Wealth Forex Academy, Sandton – Best Forex Trading Fundamental Courses
  • Prime Forex Academy, Durban – Best Forex Trading School for Beginners

Crypto Trading School South Africa

Crypto trading schools in South Africa offer NDD brokers for those who want to learn about cryptocurrency. The schools provide both online and offline learning environments where students can access the course material at their own pace.

Here we selected the top Crypto Trading Schools in South Africa:

  • The Blockchain Academy, Cape Town
  • CoinEd, Johannesburg
  • IT Academy, Bellville

Binary Options Trading School

Binary options are financial products requiring traders to speculate if the price of the underlying assets will either go up or down. The products usually have an expiry date and/or time, and provide fixed returns if the asset price moves in favor of the trader.

Binary Options are considered high-risk instruments, so we do not recommend trading this instrument, mostly reputable schools do not teach this kind of trading for safety reasons, too. Read more about Binary Options in our Article.

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Best Forex Trading Schools & Courses Australia (Sydney, Melbourne) 2022

For this list, we have researched and tested popular Forex Trading School Australia available both online and offline.

We have enrolled with several online forex trading webinars, seminars, and trading school programs that are provided by different trading schools available across Australia in Sydney and Melbourne. We have completed the trading courses and programs, webinars and checked the quality of its service fully.

At last, based on our experience we have picked the Best Forex Trading Schools and Courses AU available to both beginner and advanced traders. 

What makes good Forex Trading Australian Schools?

Forex trading can be a profitable venture, however, it is important to understand how the market works before you start trading. There are many forex trading schools in Australia offering plenty of courses, webinars, and seminars to help beginners get started or traders with experience improve knowledge or polish trading skills.

Forex brokers must be authorized and licensed by the Australian Securities & Investment Commission (ASIC) to operate in Australia. ASIC-regulated brokers are safe to trade as ASIC is a good regulator with strict measures to protect investors and traders. Forex Trading itself is regulated by top-tier regulatory bodies including ASIC. Read more about Australian Forex Brokers.

For the very beginners, it is advised to take beginners course to get a general knowledge about Markets and then select the best trading school and find Course that will cover your trading need.

When it comes to Forex Trading AU Courses, the following options are available: Forex Trading School Online Free and others with a charge depending on the conditions of the school or institution that offers the course.

The characteristics of a good Forex Trading Australian School are:

📈 EducationOnline Course
In class Lessons
👨‍💻 SchoolReputable School with Expert Instructors
🔎 CourseBeginners Course
Advanced Course
Macro Course
Live Streaming
📑 Free Materialse-Books
Guides
Intro Videos
🏛️ QualityWell Structured material
Good access to resources
Live trade demonstrations
Demo Account
🚀 CoachingPersonal Lessons
One on One Coaching
💸 FeeFree Materials
Prepaid Courses
Monthly Subscription

Best Forex Trading School in Australia

As a result of our research, we picked Opes Trading Group as the overall best forex school in Australia. 

Opes provides several unique forex trading courses in-person/online, tailored to learners’ needs, and video trading courses online. Whether you are just beginning to learn forex or you are an experienced trader, their expertise will equip learners with the theory, technical and fundamental analysis, and professional mindset coaching.

Australian Trading School Courses

While looking for Australian trading schools and courses to get started, traders are highly recommended to learn only from reliable and popular firms, and never use any education materials as trading advice. For our list, we picked only well-known and reputable schools with quality education and materials suitable for various level traders.

School Name City Course Course Cost Course Duration  Free Materials School Website    
Opes Trading Group    Sydney Forex trading course online and Video trading, Opes Platinum Subscription (OPS)$140/MonthOn-demand Yes Opes Trading Group   
Learn to Trade   Sydney Forex free workshop, learn Forex, momentum coaching, Forex strategiesNot provided officially On-demand Yes  Learn to Trade     
Wealth Within Melbourne Trading mentor course, share trading, diploma of share trading, advanced and Forex trading courses$1,997 for Trading Mentorship Program11 lessons for Trading Mentorship ProgramYes  Wealth Within    
TradersCircle Melbourne Technical trading for the Australian market, and options and how to trade themDepends on the duration of the program2 monthsYes  TradersCircle
International Day Trading AcademyQueenslandDay trading, beginner trading courses, trading retreat, free trading workshop, free trading classNot provided14+ hours (day trading), 10 work hours a week (free workshop) Yes International Day Trading Academy

Best Trading School in Sydney

  • Opes Trading Group, Sydney – Best for Beginners and Seasoned Traders
  • Learn to Trade, Sydney – Best Free Resources and Education Package
  • Trading Mastery, Sydney – Best Free Trading Webinar & Training

We picked Opes Trading Group as the overall best trading school in Sydney. 

With Opes, from beginner to advanced levels, you will gain an in-depth understanding and knowledge of forex and how to trade currencies correctly. Opes offers a dynamic spectrum of forex trading courses and education across a flexible range of learning styles.

In addition, the school provides online and in-person training as well.

Forex Trading Courses Sydney

The forex trading market is one of the most liquid and traded markets in the world. That’s why it’s not surprising that so many people are interested in learning how to trade on it.

There are plenty of Forex trading courses available in Sydney offering a trader more than just strategies and markets. They provide an opportunity to learn about the selected topic in-depth, by enrolling in particular courses or workshops that match their needs specifically.

Here is our top selection of Forex Trading Courses in Sydney:

School Name Location Course Course Cost Course Duration  Free Materials School Website    
Opes Trading GroupSydney Forex trading course online$140/Month On-demand Yes Opes Trading Group     
Learn to
Trade
Sydney Learn Forex CourseNot provided officially On-demand Yes  Learn to
Trade
Trading MasterySydney Membership in Trading Mastery$5985 + $49 per month access fee(2 payment options available)– Yes  Trading Mastery

FAQ and More on Financial Trading schools in Australia

Australian trading market offers plenty of trading school options available for beginners looking to get deep into this field. Each trading school has its own advantages and disadvantages. You just need to consider your own goals and objectives before deciding which one is right for you. However, make sure you choose a school or course that offers high-quality education and provides accurate information.

Best Stock Trading Courses Australia

Stock trading is one of the popular trading assets in Australia. In order to find the best stock trading course, you need to define whether you wish to trade real Stocks or speculate on the price movement, known as Stock CFD Trading. Currently, many Australian schools offer some excellent stock trading courses like Wealth Within, Australian Shareholders’ Association (ASA), TradersCircle, etc.

Trading Schools by Instruments in Australia

Schools can focus either on one particular trading strategy or instrument preference or can run different courses based on the instrument or strategy the trader is looking for.

Here we selected some good trading instruments and schools in Australia offering courses on the topic:

  • Learn to Trade – Currency Trading School  
  • International Day Trading Academy – Futures Trading School
  • The Knowledge Academy – Bitcoin Trading School/ Cryptocurrency Trading School
  • Wealth Within – Stock Trading School Online/ Shares Trading School
  • StockWatch – Emini Trading School
  • SGS – Commodity Trading School
  • TradersCircle – Options Trading School
  • Binary Options Australia – Binary Options Trading School (Binary Option is a forbidden instrument in Australia)

Australia Day Trading School Online

Day trading is a strategy that requires traders to buy and sell financial instruments within a day. Traders do not take delivery of the assets as the trades are closed within a single trading day.

Before opening a trading account and starting placing trades you need to understand how the markets work. Australia has a few Day Trading Online Schools available offering comprehensive day trading courses. You will learn how to read trading charts and identify trading patterns. These patterns are the foundations of identifying high probability trades. Courses will help you develop a deep understanding of why the markets move and how you can take advantage of them.

Here we picked some popular day trading schools in Australia offering courses on the topic: