For this review, we opened a live account and deposited over €4,500.

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

We contacted the broker’s customer support team to resolve the challenges we faced.

Finally, we withdrew our funds to find out if the withdrawal process was smooth.

What is is a global Forex and CFDs broker founded in 2008 as GFC Markets but rebranded to after its parent company Safecap Investments Limited merged with Playtech Plc (LON: PTEC).

The broker is licensed in the United Kingdom, Australia, Cyprus, South Africa, and the British Virgin Islands. offers thousands of instruments to traders in the following categories, Forex pairs, indices, stocks, commodities and cryptocurrencies.

The broker offers a wide range of over 2,200 tradable instruments compared to most of its peers.

Here’s a summary of’s main features:

🗺️ Authorised & Regulated inUK, Cyprus, SA, Australia, British Virgin Islands
🛡️ Is safeYes
💰 EUR/USD Spread0.83
💳 Minimum depositUS$10
💰 Withdrawal fee$0
🖥️ Trading PlatformMT4, MT5, Marketsx, Marketsi
📈 Markets offeredForex, Indices, Stocks, Commodities, Cryptocurrencies
📉 Number of Products2203

Licenses and Regulations is licensed by 5 global regulators, including the tier 1 UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC), South Africa’s Financial Sector Conduct Authority (FSCA), and the B.V.I Financial Services Commission (FSC).

Here’s a full list of the licenses held by’s subsidiaries:

Legal entityRegistered inRegulatorLicense NumberAccepting Clients FromCompensation Scheme Amount
Finalto Trading LtdUnited KingdomFinancial Conduct Authority (FCA)607305United Kingdom£85,000
Safecap Investments LtdCyprusCyprus Securities & Exchange Commission (CySEC)092/08EU€20,000
Finalto Trading LtdSouth AfricaFinancial Sector Conduct Authority (FSCA)43906South AfricaNo compensation scheme
Finalto (Australia) Pty LtdAustraliaAustralian Financial Services License (AFSL)424008AustraliaNo compensation scheme
Finalto BVI LtdBritish Virgin IslandsB.V.I Financial Services Commission (FSC)SIBA/L/14/1067British Virgin IslandsNo compensation scheme AFSL (Australian Financial Services License) Registration Australian License

Is Safe

Yes, is safe to trade. The broker is regulated by the top-tier ASIC and the UK’s FCA, which have stringent rules and enforcement mechanisms. The broker is also licensed by Cyprus’ CySEC, South Africa’s FSCA and the B.V.I’s FSC.

The UK’s FCA guarantees investors’ deposit compensation of up to £85,000 if the broker goes under, while the CySEC guarantees investors’ deposit compensation of up to €20,000 if the broker becomes insolvent.

The broker is also a subsidiary of Playtech Plc, a publicly listed company. Hence, it is considered to be very safe given the transparency required of public companies.

For this review, we opened an MT5 CFD account with Safecap Investments Limited, regulated by the Cyprus Securities and Exchange Commission (CySEC). We deposited funds into the account, placed trades, and finally withdrew our funds.

We recommend that you open your account with the UK or Cyprus entities since they are the only ones that offer deposit protection to traders if either is available to you. Fees and Commissions charges mostly high fees for trading the main instruments on offer, including Forex pairs, indices, stocks, and commodities.

The broker’s average spreads for trading the popular instruments in most of the markets listed above were much higher than those charged by its peers.

The fees for trading indices, stocks and commodities were much higher than industry averages. However, the fees for trading Forex pairs were lower than the industry average.

Spread Charged in our Trades

For our tests, we traded the most popular instrument in each market. We placed 3 trades for each instrument to arrive at an accurate estimate of the average spread. We tested’s MT5 CFD account, which charges a spread on all instruments. The spreads were quite high, as shown in the table below.

MarketsInstruments1st trade 2nd trade 3rd trade Avg. Spread
IndicesFTSE 1002222.0

We executed all our trades via the MetaTrader 5 mobile app on our iPhone.

A deeper comparison of the spreads charged in our trades revealed that most of the spreads were higher than industry benchmarks. Only one of’s average spreads was below industry averages.

MarketsInstrumentsAvg. Spread ChargedIndustry Avg. Spread
IndicesFTSE 1002.001.65

Other fees charges a monthly inactivity fee of $10 after three months if there are no new or running transactions on an account. The broker does not charge deposit or withdrawal fees.

Account Types offers 5 account types that offer slightly different features. The accounts are the CFD, investment strategy builder, MT4 CFD, MT5 CFD, and share dealing accounts.

See the differences below:

CFD AccountInvestment Strategy Builder AccountMT4 CFD AccountMT5 CFD AccountShare Dealing Account
Trading PlatformsMetaTrader 4MetaTrader 4MetaTrader 4MetaTrader 5MetaTrader 4
Account CurrencyCHF/ EUR/ AUD/ DKK/ GBP/ ZAR/ SEK/ USD/ NOK/ PLN
Minimum Deposit$/€/£ 100$/€/£ 10$/€/£ 100$/€/£ 500$/€/£ 200
Order ExecutionInstant ExecutionInstant ExecutionInstant ExecutionInstant ExecutionInstant Execution
SpreadFrom 0.1From 0.1From 0.5From 0.1From 0.1
Note$10 commission charged for stock CFDs also offers swap-free Islamic Accounts to Muslim clients. Such accounts do not have a swap fee for positions held overnight, but trades held for over 3 nights are charged an administration fee.

For our tests, we chose to open the MT5 CFD Account with Safecap Investments Limited.

Account Opening account opening is fast and seamless. We completed the entire process digitally within a few minutes.

Here are the 5 steps to opening a account:

  1. Enter your email and password, confirm the password, choose your account type and account currency.
  2. Provide your full name, phone, date of birth, residential address including ZIP code/post code, city, country, and citizenship status.
  3. Enter your country of tax residency, TIN number, do you have another tax residency and are you a US citizen?
  4. Provide details of your profession and financial position including your education level, employment status, annual income, savings and investments, purpose and nature of trading, and the source of your trading funds.
  5. Enter the number of trades you took over the past two years in Forex, shares, bonds, indices, and commodities including the number of leveraged trades. Account Opening Account Opening

The registration process took only 6 minutes, and our trading account was approved on the same day.

For this test, we opened the MT5 CFD account with Safecap Investments Limited, regulated by CySEC.

Deposit and Withdrawal offers free and fast deposits and withdrawals. Traders can use the following payment methods to deposit and withdraw from their accounts, bank wires, credit and debit cards, and e-wallets such as Skrill, PayPal and Neteller.

The broker does not charge a fee on deposits and withdrawals. Deposit Methods Deposit and Withdrawal Methods Minimum Deposit has different minimum deposit requirements depending on the account type chosen by a client. The investment strategy builder account has a minimum deposit of $/€/£ 10 while the CFD and MT4 CFD accounts have a minimum deposit requirement of $/€/£ 100.

The share dealing account has a minimum deposit of $/€/£ 200 while the MT5 CFD account has a minimum deposit of $/€/£ 500.

Deposit’s clients can deposit funds into their trading accounts via bank transfers, debit/credit cards, and e-wallets such as Skrill, PayPal and Neteller.

The table below shows the details of our deposits:

Payment MethodSubmitted DateFunded Account DateFunding TimeFee
Skrill15 March 2023 15 March 20231 hour€0.00
Debit card15 March 202315 March 2023Instant€0.00
PayPal15 March 202315 March 20231 hour€18.00 does not charge a fee on deposits. The broker asked us to provide our ID in order to process our PayPal deposit. Our Skrill deposit was also scrutinized to ensure that we were using our own account.

We deposited a total of EUR 5,000 into our account, but EUR 3,000 was to our CFD account denominated in Pounds, which reduced our total deposit to EUR 4,862.53 after the necessary conversions.

Withdrawal allows its clients to withdraw funds from their accounts using the same payment methods available for deposits, which makes it easy for traders to access their funds. does not charge a fee on withdrawals unlike many brokers who have withdrawal fees.

Payment MethodSubmitted DateFunds Released DateFunds Arrived DateWithdrawal TimeFee
Credit card16 March 202316 March 202317 March 20231 working dayzero
Skrill16 March 202316 March 202316 March 20234 hourszero
PayPal15 March 202315 March 202316 March 20231 working dayzero

We did not encounter any difficulties during the withdrawal process, which was quite smooth. However, our PayPal withdrawal of EUR 2,000 was split into two with EUR 1,633.67 going back to our credit card and EUR 366.33 being sent to our PayPal account.

We finally received the entire withdrawn amount with the broker explaining that the above split was in-line with its withdrawal policies.

Markets and Products offers a massive number of tradable instruments in the Forex, indices, stocks, commodities and cryptocurrencies markets.

Here’s the complete list of’s product offering:


The broker offers a significant number of stocks CFDs to its clients.

Trading Conditions

The trading conditions at are excellent. Traders can execute most trading strategies since the broker allows high-risk strategies such as hedging and scalping.

Traders can keep their hedging positions open for as long as they would like. also allows traders to use Expert Advisors (EAs).

Trading MethodAllowed
Change LeverageYes

The broker allows hedging strategies on all account types.

Leverage clients can access different leverage levels depending on the entity under which they register their account.

Traders can also change their account’s leverage level after opening the account.

The table below shows the different leverage levels available to clients:

MarketsFinalto Trading LtdSafecap Investments LimitedFinalto (Australia) Pty LtdFinalto (BVI) LTd
Major currency pairs30:130:130:1400:1
Non-major currency pairs20:120:120:1400:1
Other Commodities (except gold)10:110:110:150:1

Bonus offers a 20% deposit bonus to its clients registered under the Australian and British Virgin Islands entities.

The bonus program is based on the following criteria:

Loyalty Awards20% deposit bonus
EntitiesBVI and ASIC
Minimum deposit amount100 AUD or its equivalent different currency
Minimum trading volume10 000 AUD for every dollar awarded
Maximum payout2000 AUD or the equivalent different currency
Webinar Deposit Award500 AUD
Account TypeHave successfully opened an account with Finalto Australia
Minimum deposit amount1000 AUD
Free $20 AUD Mobile App Install AwardSuccessfully register an account with the broker. Log in to the account from one of the company’s non-mobile Web trading platforms. Make a deposit and open a live trade position. You will then receive an offer to accept the award. Trading Platform offers traders two proprietary trading platforms known as Marketsx and Marketsi. The broker also offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

The Marketsx and Marketsi platforms have premium features such as Trading Analysts Recommendations, Bloggers Opinions, Insider Trades, Hedge Funds Investment Confidence, Trends In Trading, Advanced Alerts, Acuity News Alerts, Acuity News Trading Sentiment, Signals, Advanced Charting, Related Instruments, Financial Commentary, Thomson Reuters Stock Report and Dow Jones News.

The MT4 and MT5 platforms offer the standard features that made them extremely popular among investors but offer none of the above premium features, which are only found on the broker’s proprietary platforms. Maerketsx Trading Platform Maerketsx Trading Platform

Traders who prefer to trade on proprietary platforms can choose between the Marketsx and Marketsi platforms. Traders who prefer the MetaTrader platform can choose between the MT4 and MT5 platforms.

We found the MT5 platform to be satisfactory for traders who prefer to trade the popular MetaTrader platform, while the Marketsx platform was the best of the two proprietary platforms.

Research and Tools provides its clients with trade ideas that indicate clearly where to buy or sell a certain instrument and the expected price targets. However, the broker does not provide the reasoning behind the trade signals.

The broker also provides stock trading recommendations from analysts and experts at top-tier banks such as J.P.Morgan and Goldman Sachs. The analysts are ranked according to their past performance, helping traders chose the best performing experts.

Traders get access to the insider trades sentiment section that has a record of trades made by company insiders such as CEOs and top managers. The hedge fund sentiment section provides details of portfolio adjustments made by the top hedge fund managers in the past quarter.

We found the broker’s fundamental company data to be quite shallow as important financial ratios and past earnings results are not provided. Trading Tools Trading Tools

The broker’s Marketsi platform is licensed from Saxo Bank and bears a close similarity to Saxo’s TraderGO platform. However, the news feed is quite different.

Education has an entire section known as the Knowledge Centre that provides ongoing education to traders. The centre has Analysis, News, XRay, and Webinar segments. The XRay segment is a live stream service that offers daily market analytics and discussions of market-related developments.

However, the XRay service is only available on’s proprietary trading platforms. The broker’s news segment offers fresh content and discussions of breaking news stories and their impact on the affected assets.

The broker offers 60-minute webinars that are useful for beginners and a few introductory articles on market fundamentals. We think this section could be more detailed to be at par with industry leaders. Educational Material Knowledge Centre

Customer Service’s customer service team was accommodating and gave us direct answers to our questions. We first contacted the team via live chat and received a prompt but inaccurate response to our question. Customer Support
Markets Customer Service Live Chat

You can reach’s customer service team via email and live chat. The customer service team answered our live chat query within 1 minute, which was very impressive.

We submitted our second query to the customer support team via email and received a clear and direct answer within two hours.

Here are the results of our test below:

QuestionResponse TimeQuality of reply
Live chatIs our trading account applicable to the MT4 and MT5 platformsWe were connected to a support agent within 1 minute.They misunderstood our question and opened two demo accounts for us.
EmailHow long does it take for to release withdrawn funds, and do they charge a fee on withdrawals?We received feedback within two hours. The broker does not charge withdrawal fees and e-wallet withdrawals are instant, while bank transfers take 1-3 days.


Finally, we had a positive experience with starting from the account opening to the deposit, trading and withdrawal processes. has spreads that are higher than industry averages, except for Forex spreads, which were below industry benchmarks. The broker’s response time for live chat requests was quite fast with email queries being answered quickly as well.

However, traders should ensure that their queries are well understood by the customer support agents, especially for live chat requests.

The broker offers fast deposits, but traders must provide documents proving their ID and residential address. Traders should be aware that inter-account transfers from GBP denominated accounts to EUR accounts will result in lower amounts than expected.

We recommend for traders who are

  • Forex traders and Stock traders
  • Beginners in trading
  • Experienced traders
  • Scalping or hedging traders
  • EA trader
  • High-risk strategies trader might not be a fit for

  • Comission based trading
  • Trading Futures or Index

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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