Best Negative Balance Protection Forex Brokers 2023

For this list, we searched and tested several Negative Balance Protection Forex Brokers.

To select the best forex brokers with Negative Balance Protection we open real accounts and deposit between $4K -8k per account. We placed real trades in each popular market and tested different broker’s features, so as get an accurate picture about their level performance.

Also, we tested the work and dedication of the customer support team. We reached out to them to see how they solved the problems we had faced.

We handpicked the best Negative Balance Protection Brokers based on our trading data and experience as a trader.

What is Negative Balance Protection in Forex?

Negative balance protection is a feature that allows locking in the client’s account if his equity will drop under 0$.

Negative balance protection is also a kind of risk management tool allowing to protect your account from going negative in case you use leverage and Market went to negative trade on your account. However, only some brokers offer this service since is required by some regulations or laws. Negative balance protection has the following levels: full, partial or none.

• Negative Balance Protection Forex Brokers with full Negative Balance protection
• Brokers with Partial Negative Balance Protection
• The broker does not offer a Negative balance protection feature.

How Negative Balance Protection Works?

Negative Balance protection secures trading accounts from going to negative. For example, if a trader has placed a trade with an initial margin of $5,000, but the market moved against them and left them with a total accumulated loss of $10,000 they would not be allowed to lose more than $5,000.

If there is any other case where the traders credit balance falls below zero (e.g. because of an error made by the trader) the broker provides the necessary funds in order to avoid negative balances. Note that Negative Balance protection does not cover professional traders in any case.

🔒 Negative Balance Protection	Provided by Regulatory requirement of by Brokers Conditions
🏦 Regulators with Negative Balance Protection	Europen ESMA, Australia ASIC
🛡️ Is It safe to trade	Yes
📊 Max. Leverage	Depends on Regulation (Europe 1:30)

Forex Brokers with Negative Balance Protection

For Negative Balance Protection Forex Brokers, most brokers do not offer Negative Balance protection, and only some brokers offer this service since is required by its regulations or laws. Also, some Brokers may not provide Negative Balance Protection but have Margin Calls that automatically closing all active positions, which is common among US Regulated Brokers.

So it is essential to check Brokers’ trading conditions before you trade with the Broker. Alike, all European Brokers due to ESMA regulation provide Negative Balance Protection, read more about CySEC Cyprus Brokers here.

Some of the best Negative Balance Protection Forex Brokers are:

• eToro
• Plus500
• Pepperstone
• FXTM
• Admiral Markets

Best Overall Broker that offer Negative Balance Protection

We picked Tickmill as the best Overall broker for Negative Balance Protected account.

Tickmill, which operates under many licenses and is among Negative Balance Protection Forex Brokers excellent for trading on MetaTrader 4 and MetaTrader 5, good for beginners and bigger size traders.

Tickmill provides an excellent platform selection for traders who want to get into the world of cryptocurrency trading. It offers great indicators and charting tools that make analysis easy, as well as 85 different instruments including currency pairs or CFDs on indices/commodities alongside cryptocurrencies!

Best Negative Balance Protection FX Broker for Beginners

We picked eToro as the best trading platform with Negative Balance Protection.

eToro made its name in copy trading and is by far the best platform for beginners when it comes to copy trading services. It has a massive community of expert traders allowing their trading strategies to be copied by beginning traders. The broker maintains transparency and shows the expert traders’ trading history and experience level, along with other key parameters. See Copy Trading explained by brokertested.com

eToro is also a full brokerage and is licensed in the USA, the UK, Australia, and Cyprus provided with negative balance protection.

Best Metatrader 4 Negative Balance Protection Broker

We picked Capital.com as the best MT4 broker providing Negative Balance Protection.

Capital.com is a well-regulated and reputed broker that offers trading services on MetaTrader 4, so all of its resources are focused on one platform: MT4!

Capital provides access to almost four thousand different instruments for traders from around the world by providing them with forex (FX) or CFD products like stocks & futures contracts in various indices such as metals, but also including cryptocurrencies. See other MT4 forex brokers.

Best Low Spread Forex Broker with Negative Balance Protection

We picked Pepperstone as our favorite online trading broker with Negative Balance Protection with low spreads.

Australia-headquartered, it has licenses from the regulators in both Australia and abroad including Cyprus (EU), Bahamas(NA) and Kenya offering Protection from account going negative. The company offers services on MT4 forex platform which supports top indicators alongside 28 additional tools for analysis needs.

Besides, users can also trade market via cTrader if prefer use another platform provided with great educational materials.

Negative Balance Protection Forex Brokers List

We have created a list of all the FX brokers with Negative Balance Protection. We opened real accounts, deposited money into them and then traded until we had been withdrawn everything back from each one Broker to test the conditions.

Forex Broker	Negative Balance Protecion	About Our Test	Our Review
FBS	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review
Fortrade	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
RoboMarkets (RoboForex)	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
FXTM	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
Capital.com	Yes	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
Amana Capital	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
XTB	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
eToro	Yes	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Tickmill	Yes	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Plus500	Yes	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review

FAQ and More Forex Negative Balance Protection

Traders often have many questions related to generic trading-related queries about Negative Balance Protection Forex Brokers. We’ve picked and answered some of the most important ones for you here.

Australian Forex Brokers with Negative Balance Protection

All Australian forex brokers, whether they are retail FX brokerages or CFD brokers have Negative Balance Protection in place, since it is a regulatory requirement demanded by the local regulator ASIC, applied since 2020.

This ensures traders never lose money when there is negative balance in their trading accounts (for example if they trade with 1:500 leverage for AUD 100 000) and the brokerage’s liquidity provider suddenly gets into trouble. Some great Australian trading platforms are:

• Pepperstone
• OANDA
• Markets.com

US Brokers with Negative Balance Protection

Some US Forex Brokers offer Negative Balance Protection while some do not, since it is depending on the instrument and trading conditions of the instrument or Exchange itself.

Actually, there are many brokers who offer NBP but they do not use Negative balance protection as a term, however, most brokers apply margin call to all account types in the US, which closes automatically any active positions once limit is met.

Forex Brokers with negative balance protection accepting us clients are:

• IG
• InteractiveBrokers
• TradingStation