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 / FCACyprus, Israel and the United Kingdom.2006N/AN/A

eToro is a global multi-asset investment platform where you can trade traditional and new assets in a single portfolio. 

Trade and invest in top stocks and ETFs. Trade currency pairs, stocks, indices and commodities via CFDs. You can also invest in a large variety of stocks on eToro without paying any markups, ticketing or management fees and there are no limits on trading volume either. 

Explore an ever-expanding variety of cryptos. Build your crypto-based portfolio and enjoy benefits not offered by most exchanges, such as near-immediate execution of market orders.

Why not join the social trading revolution? Connect with other traders, discuss trading strategies, and use eToro’s patented CopyTrader™ technology to automatically copy their portfolio performance.

Features: 

  • Millions of users in over 140 countries
  • Fully regulated by the FCA and CySec
  • Your funds are kept in a segregated account
  • We will never share your private data without your permission

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Zero commission is only available to clients of eToro Europe Ltd. and eToro UK Ltd., and does not apply to short or leveraged stock trades. Zero commission means that no broker fee has been charged when opening or closing the position. Other fees may apply. For additional information regarding fees click here. 

+ more info FSA SAINT VINCENTHong Kong and Saint Vincent2013N/AN/A

Operational since 2014, AAFX Trading is an online forex and CFDs broker. The broker specializes in offering its clients online trading services for financial instruments such as currency pairs, commodities, stocks and market indices. The broker is based on the islands of Saint Vincent and the Grenadines with its registered office at Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. AAFX also maintains offices in Malaysia and Hong Kong. Using the latest and most advanced security system, AAFX Trading aims to provide its clients with a safe and secured online trading environment for them to carry out their trading activities.

Features:
– Accept US clients
– Offer leverage upto 1:2000
– No commission
– No swap
– 35% Welcome Bonus on min deposit of $500 or more.
– 25% Redeposit bonus on every redeposit of $500 or more
– a wide range of trading instruments: CFD, metals, commodities, indices, stocks, bonds + CryptoFX; – spreads from 0.2pips – Three types of account ECN , FIXED AND VIP. – support of a personal manager. – Instant deposit and quick withdraws. – Modern trading platform Meta Trader 4 , mobile and webtrade also.
– Deposit options: Debit/ Credit card, Skrill, Neteller, Fasapay, Bitcoin, Webmoney and perfect money.

+ more info Australia (ASIC)Sydney, Australia2005N/AN/A

FP Markets is an Australian regulated broker established in 2005. We offer traders Forex, Equities, Commodities, Cryptocurrency, Futures and Index CFDs on consistently tighter spreads in unparalleled trading conditions.

+ more info CySEC (Cyprus)Cyprus2018N/AN/A

ETFinance.eu is a leading financial services company. In addition to other ancillary services, it offers online trading in CFDs for customers based throughout Europe and in other locations around the globe. The company is dedicated to providing customers with unparalleled service and prides itself with its advanced trading platforms, dedication to innovation, and commitment to transparency and security. 

Regulated by the Cyprus Securities and Exchange Commission, known as CySEC, the company employs strict safety standards in every customer and business area. ETFinance.eu offers trading on advanced and well-established platforms, including MetaTrader 4 (MT4). In addition, traders can choose to take advantage of completely download-free trading with WebTrader or choose to trade on a mobile platform, available for both iOS and Android. Several options exist for learning trading skills and following market changes with ETFinance’s learning portal.

Trading at ETFinance.eu is rich and varied with hundreds of trading options on CFDs. Known formally as Contracts for difference, CFDs are investment vehicles that let traders speculate on future prices. ETFinance.eu offers CFDs on a large variety of popular assets such as top forex pairs, stock shares on publicly held companies, popular cryptocurrencies, well-known indices and attractive commodities. 

+ more info ASIC (Australia)Sydney, Australia2011N/AN/A

Bonus:

400 Safety Net Bonus

https://www.acysecurities.com/campaign/saftynet/

ACY Carnival 2019

https://www.acysecurities.com/campaign/luckydraw/

ACY Securities is a global leader and true ECN forex broker. Using a no dealing desk system, we provide lightning-fast and seamless trade execution with direct market access to a deep source of liquidity provided by some of the world’s leading banks.

+ more info CySECCyprus2019N/AN/A

Skilling is an online broker that offers CFD trading on instruments from markets around the world. We opened our trading platform to users from Sweden, Norway, Germany and the United Kingdom in the early parts of 2019.

We have a mission to make trading simple, accessible and transparent. To ensure that anybody who wants to trade can feel confident and secure, and not intimidated by technical graphs and financial jargon. Forex, Cryptos, Indices, Stocks and Commodities can all be traded on a platform designed to be both user-friendly for beginners and intuitive for experienced traders.

Our group of companies includes a multinational workforce of over 35 employees from all over Europe. An extremely talented team of developers, marketers and specialists work together from offices located in Cyprus (CIF), Malta and Spain.

+ more info ASIC (Australia), FSC (BVI), BaFin (Germany), FMA (Austria), CNMV (Spain), CIMA (Caymans)Hong Kong2005N/AN/A

MultiBank Group

MultiBank Group is one of the leading Forex & CFD brokers worldwide. Founded in the USA in 2005, MultiBank was one of the first in the foreign exchange industry to launch a fully transparent electronic Forex and Financial Derivatives Exchange. Since its inception, MultiBank has evolved into one of the largest online financial derivatives providers.

Combining prime liquidity, cutting edge technology and first-class customer service, MultiBank delivers advanced trading platforms and tight pricing in online financial products, including forex, metals, shares, indices, commodities and cryptocurrencies CFDs. MultiBank Group boasts a daily trading volume in excess of US$ 4.6 billion and provides services to an extensive client-base of over 320,000 customers from across 90 countries worldwide.

MultiBank Group is headquartered in Hong Kong and maintains over 15 offices around the world including in Europe, Asia, Middle East and Latin America. The Group and its subsidiaries are licensed and regulated worldwide through relevant authorities including AISC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the BVI, CIMA in the Caymans, and RAK in the UAE. This means clients can trade with full confidence while enjoying complete security of funds, including segregated accounts, the most favorable trading conditions, including leverage up to 500:1 on our wide range of 1,000+ products, the tightest spreads in the industry starting from 0.1 pips, and 100% ECN platform.

+ more info Financial Conduct Authority (UK), CySEC (Cyprus), CMA (Lebanon), DFSA (UAE), JSC (Jordan), MauritiusUK, Lebanon, Jordan, UAE, Mauritius, Cyprus1998N/AN/A

cfi entitiesCFI is a leading firm in the online trading and investing industry with global presence offering advanced technology, high touch services, professional support and competitive trading conditions. The company traces its origins to a private banking department that was established in 1998 within a sister firm: Credit Financier. After several success years, the first entity was established under the name of Credit Financier Invest in 2005. Since then, the company has served thousands of clients and executed millions of trades. CFI caters to private clients as well as financial institutions.

The Group owes its success to two main factors:

• A strong commitment to providing superior services, conditions and technology.
• An understanding that reputation, clients’ trust and its people are the key assets.

20 years later, the company continues to experience growth and success alongside several other entities that formed in different countries under its holding: CFI Financial Group Holding Limited.

For more information, please visit our website at www.cfifinancial.com

Today, the group comprises the following entities:

– Credit Financier Invest Limited (CFI UK), London, UK. The company is authorized and regulated by the Financial Conduct authority (FCA) under license number FRN 828955 and provides its services to clients from UK, Europe and other regions. http://www.cfifinancial.co.uk/

– 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 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 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/

– 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

 

Awards

CFI has received many awards from reputable financial journals, industry peers and global market exhibitions. It has mainly received the following awards:

Best Forex Execution Broker Award, 2018

The Award that CFI has received from the JFEX Award Entrepreneur, Jordan in September 2018

Best Forex Broker in Asia Award for the year 2016

This award was received at the Russian Financial Expo in Moscow – November 2016 where CFI has participated as Gold Sponsor.

Best Client Funds Protection Broker Award, 2015

The award that CFI has received from the 15th Mena Forex Expo Dubai in November 2015.

Best Execution Award, 2015

The Award that CFI has received from the China Forex Expo in September 2015.

Top Regulated FX Broker Award, 2014

The Award that CFI has received from the 7th Saudi Money Expo in 2014.

Best New STP Broker – Middle East Execution Award, 2014

The Award that CFI has received from the Global Banking and Finance Expo in 2014. 

+ 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 CySEC (Cyprus)Limassol, Cyprus2017N/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), 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 FSCA (South Africa)Johannesburg, South Africa2010N/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 is a leading Group of Companies offering financial and investment services and activities. The parent entity, JFD Group Ltd was launched in December 2011 and is now an internationally licensed global provider of multi-asset trading and investment solutions. It provides commission-free trading in real stocks and Crypto CFDs as well as extremely competitive pricing for trading and investing in 1,500+ instruments across 9 asset classes. JFD is acknowledged by numerous independent sources as one of the fastest-growing and respected financial companies worldwide. Thanks to its core values of transparency, fairness and trust, many experienced investors consider the company as their best choice for self-trading, portfolio management and investment advisory solutions.

JFD Group of Companies constitutes of JFD Group Ltd, (CySEC License Number 150/11), JFD Overseas Ltd (VFSC License Number 17933) and JFD Bank AG (BaFin License Number 120056).

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.

+ more info CySEC (Cyprus)Limassol, Cyprus2016N/AN/A

ITRADER, which is based in Limassol, Cyprus, is a well-known and established broker, owned by Hoch Capital.

ITRADER is regulated by CySEC, the Cyprus Securities and Exchange Commission and operates in many jurisdictions within Europe and throughout the world. The company offers trading via Contracts for Difference (CFDs), a unique trading vehicle.

The variety of CFD assets includes Forex pairs, such as USDGBP, EURTRY, and EURZAR, stock shares on many major American and global publicly traded companies such as Apple, Amazon, Snapchat, Tesla, and Sony, stock market indices, commodities, and cryptocurrencies including many of the top cryptos like Bitcoin, Ripple, Dash, and Ethereum.

ITRADER gives traders the option to access several leading trading platforms (for mobile trading as well as desktop), various educational tools such as webinars, videos on demand and articles and news, tight security, and dedicated expert customer service. Qualified traders can also choose to trade with leverage.

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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