Forex and CFD Brokers

By our estimation, there are literally thousands of Forex, CFD, spread betting and binary options brokers across the world. Most of those brokers operate (only) online, taking retail clients’ deposits electronically via credit cards, Skrill, NETELLER, and other means.

However only a handful of those Forex brokers are licensed and overseen by a recognized national regulator, such as the FCA in the UK, ASIC in Australia, or CySEC in Cyprus. A regulator’s job is to set rules for both brokers and traders in their jurisdiction such as maximum use of leverage, slippage, and client bonuses, and to oversee the operations of brokers such as checking minimum capital levels, setting advertising standards, and the segregation of client funds from company funds.

Only a handful of Forex brokers are indeed properly licensed and overseen by a recognized national regulator.

LeapRate’s List of Regulated Forex Brokers includes many of the world’s leading brokers, and includes only brokers which are licensed by a recognized governmental regulatory body. We strongly recommend that if you trade Forex and CFDs, do so only with a broker properly regulated in your jurisdiction.

CFDs carry risk. The majority of retail investor accounts lose money when trading CFDs. Before trading CFDs you should consider whether you can afford to take the high risk of losing money.

BrokerRegulatedHQFoundedEquity Cap ($M)Monthly Vol ($B)Open Account
+ more info CySEC (Cyprus), Banque du Liban (Lebanon), DFSA (UAE), JSC (Jordan)Cyprus, Lebanon, Jordan, UAE2012N/AN/A

cfi entitiesCFI Group is a leading FX & CFDs online trading group of entities servicing private and institutional clients worldwide.

The first entity within the group namely Credit Financier Invest Sal. was established in 2005 and since then, the group has serviced thousands clients executing over 2 Million trades!

With a strong commitment to providing superior services, fair execution and latest technology and an understanding that the key assets being the reputation and clients’ trust, the group kept expanding its operations.

Today, the group comprises the following entities:

Credit Financier Invest Sal. Beirut, Lebanon. The company is regulated by the Lebanese Central Bank (Banque Du Liban). The company was the first firm established within the group and mainly offers its services to Lebanese clients. https://www.cfifinancial.com.lb/

Credit Financier Invest (CFI) Ltd. Previously CFI Markets Ltd, Larnaca, Cyprus. The company is regulated by Cysec and is also registered with the FCA, BAFIN and other regulators. The company offers its services to clients mainly from Europe and the Middle East but also has clients from East Europe, Asia and other regions. https://www.cfifinancial.com.cy/

Credit Financier Invest (DIFC) Limited, Dubai, United Arab Emirates. The company is regulated by the Dubai Financial Services Authority (DFSA) and provides its services to Professional High Net Worth Clients and Financial Institutions. https://www.cfidubai.com

Credit Financial Invest for Financial Brokerage Limited (CFI Jordan), Amman, Jordan. The company is regulated by the Jordan Securities Commission and provides its services to clients mainly from Jordan. https://www.cfifinancial.com.jo/

+ more info FCA (UK), ASIC (Australia), FSP (South Africa), CySEC (Cyprus)Limassol, Cyprus2010N/AN/A

IronFX 320x240IronFX is the award-winning Global Leader in Online Trading, with 10 trading platforms and over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages.

IronFX clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams. The IronFX customer-centric model offers top trading functionalities through its platforms combined with the widest suite of products at the best pricing and execution. Daily market news feed and insightful research gives clients access to the best information and data to make informed trading decisions.

IronFX complies with international regulatory standards and different entities in the group are authorised and regulated by the FCA (UK), ASIC (Australia), FSP (South Africa) and CySEC (Cyprus).

+ more info ASIC (Australia), FCA (UK)Melbourne, Australia2010N/AN/A

Pepperstone website 320x240Pepperstone Group is a forex and CFD broker that provides trading solutions sophisticated enough for veteran traders, yet simple enough for the forex novice.

Who Are We?

Pepperstone assists retail and institutional investors in using forex and other instruments as an asset class and part of their investment objectives. We strive to offer the best trading platforms with access to low-cost pricing, reliable trading infrastructure, fast execution and exceptional client support. Pepperstone offers direct access to multiple destinations of liquidity in the forex markets without the usual burdens of a deal desk that had previously been unavailable to the retail investor.

Our Vision

Since 2010, Pepperstone has set out to spearhead the evolution of online forex trading in over 65 countries, helping this asset-class to become more accessible to the individual retail investor. We aimed when we began to revolutionise the industry by offering traders better service, lower spreads and faster execution, something we are still absolutely committed to doing today. Our vision is to become the world’s largest provider of online foreign exchange trading.

+ more info ASIC (Australia)Sydney, Australia2009N/AN/A

Vantage FX screenshot 320x240Vantage FX is a leading Australian Forex broker, providing traders access to the global Forex market through the powerful Vantage FX MetaTrader 4 platform. Since the company’s inception in 2009, Vantage FX has been recognised worldwide as a safe and secure Forex broker, offering highly transparent access to Forex markets.

Vantage FX was founded in 2009 by a highly-specialised team with backgrounds in Finance, FOREX and Technology. Created to help clients pursue their financial goals, we proudly offer transparent access to the FOREX market, powerful trading platforms (MT4 and MT5), exceptional execution speed, and award-winning customer service.

Given our strong background, we have always been able to offer superior access to global FOREX markets, which is why professional and retail traders are able to notice the remarkable difference between Vantage FX and other brokers. We continually strive to evolve our offering to ensure that we deliver a service that is far superior to anything else on the market. Smart traders make smart decisions, so become a Vantage FX client today and experience the difference.

+ more info FCA (UK), ASIC (Australia), MAS (Singapore), FINMA (Switzerland), JFSA (Japan)London, UK1974£751MN/A

IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG’s vision is to be a global leader in retail trading and investments. Established in 1974 as the world’s first financial spread betting firm, it continued leading the way by launching the world’s first online and iPhone trading services.

IG is now an award-winning, multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees, and offers an execution-only share dealing service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.

It is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and the US, where it offers on-exchange limited risk derivatives via the Nadex brand.

* Based on revenue excluding FX (published financial statements, February 2018).

+ more info EEA (Malta)Valletta, Malta2002N/AN/A

Headquartered in Malta, an emerging hub for foreign exchange trading and global finance, FXDD employs a diverse workforce of over 180 Forex specialists fluent in 13 languages.

We offer trading solutions to individual and institutional traders, hedge funds, money managers, white labels, and introducing brokers; all of which are tailored to each specific trader’s needs and strategies.

Our global reach and ability to develop cutting-edge tools at a rate that outpaces other brokerages helped FXDD develop into a global force in Forex. And as we continue to develop, so too will our offerings and technologies; giving traders the opportunity to make the most of the currency market.

+ more info ASIC (Australia)Sydney, Australia2007N/A$400B

IC Markets websiteIC Markets is an Australian based, owned, and ASIC regulated True ECN forex broker. Operating since 2007, IC Markets exists to bridge the gap between retail and institutional traders, making the world more tradable for everyone.

IC Markets is one of the world’s only True ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing on-line forex trading on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.

Our management team have significant experience in the Forex, CFD and Equity markets in Asia, Europe and North America. It is this experience that has enabled us to select the best possible technology solutions and hand pick the best liquidity available in the market.

+ more info FCA (UK)London, UK1965£11.2MN/A

etx capital screenshot 320x240ETX Capital is one of the UK’s leading providers of online trading services. We offer spread betting and CFD trading services to retail, institutional and high net worth customers delivered via our award-winning trading platform. Our proprietary multi-asset TraderPro platform is a market leader that offers clients instant execution across more than 5,000 markets across FX, Indices, Equities, Commodities and Bonds.

Engineered for Opportunity

Our intuitive, new TraderPro platform delivers a fully customisable experience. Create a layout quickly to suit your trading needs, trade directly from charts using our 1 click trading feature and drag and drop your stops and limits to manage your risk. Never miss a trading opportunity by setting up custom price alerts delivered direct to your mobile and spot trends quickly by customising your charts using our advanced technical analysis package. Access TraderPro on-the-go via our native mobile and tablet apps.

Support

We’re here to support our clients through your trading journey, whatever your level of experience. Sign up for a variety of educational webinars to get the most out of our trading platform, develop your trading strategy and learn how to identify potential trading opportunities.

Experience

Based in the City of London, we are authorised and regulated by the Financial Conduct Authority and have more than 50 years’ experience in financial services. With a focus on service and technology, we are truly engineered for opportunity.

Losses can exceed deposits.

+ more info CySEC (Cyprus)Limassol, CyprusN/AN/A

GMOTrading is a provider of one of the best online trading services in the market.

We take pride in the unparalleled trading environment and services we offer our clients, allowing them to access global trading arenas with great comfort and ease.

GMOTrading puts at its clients’ disposal an unparalleled variety of account options that perfectly fit any trader’s needs. Our clients benefit from advanced trading tools that will enable them to turn their trading ambitions into reality.

The benefits of trading with GMOTrading
Our top priority is client satisfaction, which is why we offer our traders the best services possible.

GMOTrading’s clients are able to gain almost an unlimited global access to international financial markets. Since we operate on a global level, our clients may choose to trade anytime from anywhere in the world.

We also have a wide array of assets available for investment, coupled with a variety of trading accounts and platforms that fit any investor’s trading style and profit goals.

Clients are also able to enjoy a full 24/5 customer support service that is always ready to assist with all trading concerns.

Explore and make the most out of the capital market with GMOTrading and benefit from world-class services and trading tools built for investors all around the world.

+ more info FCA (UK), CySEC (Cyprus)London, UK2006N/AN/A

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5.

Traders are provided with superior order execution with no dealing desk intervention*, and access to a deep pool of liquidity via a wide range of platforms. FxPro is known for maintaining a client-centric approach and remains an active proponent of transparency and fair trading practices.

*Subject to FxPro’s Order Execution Policy.

+ more info FCA (UK), ASICSydney, Australia, EU headquarter: London, UK2007N/AN/A

Aetos 320x240AETOS is a global provider of FX and contracts for difference (CFDs), giving its clients access to competitive pricing on a wide range of markets. We aim to provide an excellent trading environment supported by our dedicated customer service team.

Members Of The AETOS Capital Group

AETOS Capital Group (UK) Limited is a wholly owned subsidiary of AETOS Capital Group, a world-renowned Australian broker with corporate headquarters in Sydney. We have a global presence around the world, including in the economic powerhouses of London, UK. We are trusted and respected in these key financial cities, providing clients from over 100 countries with an excellent service and trading environment.

Core Principles

Adhering to our core principles of “Fairness, Efficiency and Intelligence” and our philosophy of “Customer-First,” our goal is to provide clients with an unparalleled trading environment. We offer leveraged access to financial markets in Forex, metals, energy, and indices around the clock, backed up by our committed support team.

Abiding By Regulations

AETOS Capital Group (UK) Limited is authorised and regulated by FCA (Registration no: 592778) in the United Kingdom. We abide by their regulations and adhere to their rules. Our clients’ funds are safe and secure in separate accounts with major banks away from the company’s own accounts. Clients may also be eligible to claim through the Financial Services Compensation Scheme (FSCS), which covers business conducted by firms authorised by the FCA.

+ more info FCA (UK), Japan (JFSA), Hong Kong (SFC)London, UK2005N/AN/A

Z.com Trade website 320x240

Z.com Trade is the service name of GMO-Z.com Trade UK Limited, and is an affiliated company of GMO CLICK which is has been recognised as the world’s largest retail forex provider by volume for 6 consecutive years since 2012.

Z.com Trade offers trading services to retail and institutional clients across a range of Forex, Commodities and Indices markets, and executes orders on an STP NDD execution model. Our group processes an average of over $1BN in trading volume each month across our secure and stable trading systems, with over 500,000 clients worldwide choosing us as their preferred trading destination.

A range of opportunities and features are also available via the Z.com Trade Partnerships Program.

GMO-Z.com Trade UK Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom (No. 622897), and participates in the Financial Services Compensation Scheme (FSCS).

+ more info CySEC (Cyprus)Limassol, Cyprus2012N/AN/A

RoboMarkets website 320x240

RoboMarkets was founded in 2012 and is regulated by CySEC since 2013 (License No.191/13).

Over the last few years, the company has exploded in growth. Currently, this is not just a forex broker, but one of the most reliable firms to cater to institutional and retail clients residing in the EU. RoboMarkets is a multi-market broker offering over 11,000 tradable instruments across 8 asset classes. All clients also get access to professional trading platforms and proprietary state of the art technologies. RoboMarkets multilingual support is 24/7, its agents are always ready to answer your questions quickly and in a useful manner.

+ more info FCA (UK), NFA/CFTC (US), JFSA (Japan), IIROC (Canada), CIMA (Grand Cayman)Bedminster, NJ1999N/A$208B

FOREX.com is the premier destination for active currency traders seeking to maximize their success in forex and other major global markets.

Established in 2001, FOREX.com has serviced over 200,000 customers globally and support our customers’ success by providing them access to advanced trading platforms, professional charting, third party analysis tools and expert research and analysis.

We are committed to delivering an exceptional trading experience and earn the trust and loyalty of our customers’ through transparent, reliable pricing and superior trade executions.

FOREX.com’s parent company, GAIN Capital Holdings, Inc. (NYSE:GCAP), is a global provider of online trading services.

+ more info FCA (UK), The Securities Commission of the BahamasLondon, UK2001£58M$90-100B

ActivTrades 320x240 newActivTrades is a leading independent broker providing trading services in Forex, ETFs, Indices and Commodities, on CFDs and spread betting. ActivTrades values protecting its clients’ funds, excellent customer service and fast execution.

Superior Value Proposition

At ActivTrades, we understand that our operational success depends on our customers’ success – and that is why we have laid out a three-pronged value proposition to enhance trading conditions for customers.

Our clients enjoy benefits associated with the fact that ActivTrades:

  • Is regulated by the UK’s Financial Conduct Authority (FCA), and is also registered with regulatory agencies in all EU jurisdictions in which the company operates;
  • Is affiliated with the Financial Services Compensation Scheme (FSCS), which protects clients investing with its member firms;
  • Has implemented effective internal controls to ensure that clients’ funds are held in segregated accounts and can only be used by ActivTrades to carry out clients’ trading and withdrawal instructions.

Diverse Product Offering

ActivTrades serves individual, professional and institutional clients, providing sophisticated tools and services that match the needs of both client categories. Clients can trade with MetaTrader 4, MetaTrader 5 and  ActivTrades very own platform, ActivTrader.

Competitive Spreads

ActivTrades offers some of the tightest spreads in the industry with our 5-decimal-digit pricing, starting as low as 0.5 pips for EURUSD. Traders can trade minilots and microlots (minimum stake of 10p per point on Spread Betting, for example). Our deal-execution systems are fully automated; there is no dealing desk, and therefore no human intervention, resulting in fairer execution of clients’ trades.

+ more info CySEC (Cyprus), FSCA (South Africa)Nicosia, Cyprus2008N/AN/A

Markets.com 320x240MARKETS.COM is a global brand and trade mark used by Safecap Investments Ltd (‘Safecap’), a regulated investment services firm authorised in the conduct of its activities by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license no. 092/08 and also authorised by the Financial Sector Conduct Authority (‘FSCA’) in South Africa as a Financial Services Provider.

The company is owned by TradeTech Markets Limited (‘Markets’). Safecap and Markets are subsidiaries of Playtech PLC, a company traded on the London Stock Exchange’s Main Market and a constituent of the FTSE 250 index. Safecap has the sole and exclusive use of the domain ‘www.markets.com’ worldwide.

Safecap is one of the world’s fastest growing Forex and CFD providers, offering powerful yet user-friendly, in-house trading platforms for web and mobile to trade hundreds of assets – shares, currencies, commodities and indices. Our customers benefit from unmatched training, service and customer support. We conduct business and have clients in global spread and offer our services in multiple languages.

CFDs carry risk. 73% of traders lose.

+ more info CySEC (Cyprus), FSCA (South Africa)Larnaca, Cyprus2010N/AN/A

Who we are

HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.

What we provide

HotForex offers various accounts types, trading software and tools to facilitate individuals and institutional customers to trade Forex and CFD’s online. All Retail, Affiliates, and White Label clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms. HotForex provides an unparalleled variety of account options that clients can select to enjoy a tailored trading experience that perfectly suits their needs. Coupled with superior trading conditions and lightning fast execution, HotForex provides all the tools and services needed for clients of any level to realize their trading ambitions.

Not just a mission, it’s a promise

Our Mission is To Provide the Best Customer Service to our Clients by maintaining a Superb Client Centric Culture. In this way we will achieve our Vision of maintaining our position as a Market Leader known for our Superior Customer Services.

+ more info FINMA (Switzerland), FCA (UK), DFSA (UAE), SFC (Hong Kong), MFSA (Malta)Gland, Switzerland1996$280.8$67B

Swissquote Bank is the Swiss leader in online banking, emphasizing innovative online services and software development since its inception in 1996. Over the years, we have established strong relationships with hundreds of financial institutions around the world, who benefit from Swissquote’s deep liquidity, first-rate banking solutions and leading-edge technology. Swissquote ranks among the top 15 forex providers worldwide, with over 300,000 client accounts in 120 countries, and an annual client FX trading volume of 800 billion USD. Our deep liquidity and advanced technology allow unique hedging and order capabilities.

Our clients and partners also appreciate our safety and reliability, as Swissquote Bank and its subsidiaries are regulated in Switzerland, UK, Hong Kong, UAE and Malta. Moreover, Swissquote Group Holding Ltd is listed on the SIX Swiss Exchange (SIX:SQN), ensuring that Swissquote is held to the highest standards of security, transparency and financial strength.

+ more info FCA (UK)London, UK1983N/AN/A

City Index screenshot 320x240Established in the UK in 1983, City Index is one of the world leaders in Spread Betting, FX and CFD Trading.

With over 12,000 markets to choose from across Forex, Indices, Shares and Commodities, our clients have access to a wide range of global markets. We help traders grow, giving them the tools they need to improve their trading skills.

We are committed to providing a market-leading service based on fair and transparent prices, comprehensive customer support and are authorised and regulated by the Financial Conduct Authority (FCA).

Financial strength and transparency

City Index’s parent company is GAIN Capital Holdings Inc (NYSE:GCAP), one of the largest retail and institutional trading providers in the world and has a strong track-record in providing retail and institutional customers with trading services.

We’re authorised and regulated by the FCA and hold client funds in accordance with their client money rules.

+ more info CySEC (Cyprus)Limassol, Cyprus2011N/AN/A

jfd brokersJFD Group was founded in 2011 by professional traders to address the lack of transparency affecting trading. Fairness is one of our core values, and we believe everybody has the right to a just fair and direct treatment, whether they are an employee, a client or a partner. Based on the belief that transparency and a direct approach is key to a win-win relationship, we operate a pure Agency Model, where we have effectively managed to establish a unique virtuous cycle where your success becomes our success! So far, we have established ourselves as game-changers in the industry, providing a new trader-centric standard. As we enter a new era of trading, JFD will continue to leverage from the latest business and technology transformations globally in order to innovate further and lead by example.

OUR VALUES

Transparency – It’s time for a new, more sophisticated way of investing. We not only abide by international regulatory standards, but we are the only broker that goes the extra mile, providing its clients upon request with a Post-Trade Execution Report. In fact, we pioneered Post-Trade Transparency, setting a new industry benchmark!

Trust – We build solid relationships with our clients and partners, where they feel secure trading with us, as they know that their success is our success. You can rest assured that we are in this business to protect your interests, and your funds, and that we truly are what we stand for: just fair and direct.

Trader-Centric – We believe that retail traders are as valuable as institutional traders, and they deserve the same benefits. We treat everybody fairly: when you trade with our pure Agency Model, there is no conflict of interest and no discrimination – our trading conditions are the same for all clients, with one account type and one pricing for all.

DISCLAIMER: Please note that LeapRate's opinions and analyses do not address the suitability of any security or trading strategy, nor do they address the likelihood of profit or loss via any one particular trading firm. You should not rely on our analysis alone before deciding to trade with any one of these (or other) firms, and our reports and analysis are not meant to be a replacement for your own diligence and review. See our disclosures page.

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