Forex broker	MMDeposit	Leverage MM	Lot MM	EURUSD MM	Commission MM	STP	Leverage STP	Lot STP	EURUSD STP	Commission STP	DMA	Leverage DMA	Lot DMA	EURUSD DMA	Commission DMA	DepositECN	Leverage	Lot	EURUSD	Comm*	Micro	Leverage Micro	Lot Micro	EURUSD Micro	Commission Micro	Crypto	Leverage Crypto	Lot Crypto	EURUSD Crypto	Commission Crypto	ECN Type	+Type	Dealing	Execution	CountryCountry	Year	Regulation	Restricted Countries	Investor Protection	Platforms	Speed	Scalping	EAs	DOM	Trailing Stops	Fund/Withdraw	Base Currency	Segregated	NB Protection	Guaranteed Stop	FX Pairs	Crypto Pairs	Swap-Free	Copy Trading	MAM	VPS	Stop Out / Margin Call	Popularity
AAFX	100 $ 100 $	2000 : 1	1	2 🔒	0 $	100 $	2000 : 1	1	0.6 ≈	0 $						100 $	2000 : 1	1	0.6 ≈	0 $											ECN marketing*	MM, STP	A+B book, A-book	Instant, Market	SVG SVG	2014	Not regulated	US	x	MT4, MT4 WebTerminal, MT5	10 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, WebMoney, Bitcoin, Payza, Perfect Money, MoneyGram	USD, EUR, GBP	✔	✔	x	42	2	✔	x	x	x	20% | 25%	⬤ Average
AdroFx	25 $															100 $	500 : 1	0.01	1.2 ≈	0 $	25 $	500 : 1	0.0001	2 ≈	0 $						ECN marketing*	MM	B-book	Market	SVG SVG	2018	Not regulated	None	x	Allpips, MT4	11 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, VLoad, PAYEER, Perfect Money, Bitcoin, Ethereum, Uphold	USD, EUR	✔	x	x	x	4	✔	x	x	✔	5% | 10%	⬤ Low
Al-Awal	1 $															500 $	500 : 1	0.01	0.8 ≈	0 $	1 $	500 : 1	0.01	1 ≈	0 $						ECN marketing*	STP	A-book	Market	UK UK	2019	FCA	None	UK Financial Services Compensation Scheme (FSCS)	yes	300 ms	MT5	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Western Union, MoneyGram, China UnionPay	USD	✔	✔	x	x	x	x	x	PAMM	✔	20% | 100%	⬤ Low
Alkimiya Markets	5000 $ 100 $	400 : 1	0.1	2 ≈	0 $											25000 $	100 : 1	1	0 ≈	3 $	100 $	400 : 1	0.01	2 ≈	0 $						ECN marketing*	MM, DMA	B-book, A-book	Instant, Market	SVG SVG	2021	Not regulated	None	x	MT5, MT5 WebTerminal		No, yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD	x	x	x	25	x	✔	x	x	x	10%, 50% | 20%, 100%	⬤ Lowest
Alpari	20 $ 1 $	1000 : 1	0.1	0.3 🔒	0 $											300 $	3000 : 1	0.01	0.1 ≈	16 $	1 $	500 : 1	0.1	2 🔒	0 $						ECN marketing*	MM, STP	A+B book, A-book	Instant, Market	Mauritius Mauritius	1998	FCS	None	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	0.1 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, WebMoney, FasaPay, China UnionPay, LatAm, ADVCash, VLoad, Tether, Bitcoin, Litecoin, Zcash, Ethereum, TC Wallet, Perfect Money	USD, EUR, XAU	✔	✔	x	46	25	✔	x	PAMM	x	20%, 60% | 20%, 60%	⬤ High
AlphaFX Markets	100 $															100 $	300 : 1	0.01	0.1 ≈	0 $											ECN marketing*	MM	A+B book	Market	SVG SVG	2020	Not regulated	US	x	MT5	200 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Bitcoin, TransferWise	USD	x	x	x	x	x	✔	Alphafx Invest	MAM	x	|	⬤ Average
AMarkets	100 $ 100 $	1000 : 1	0.01	3 🔒	0 $	100 $	1000 : 1	0.01	1.3 ≈	0 $						200 $	200 : 1	0.01	0 ≈	5 $											ECN marketing*	MM, STP, DMA	B-book, A-book	Instant, Market	SVG SVG	2007	Not regulated	None	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, Autochartist	30 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, WebMoney, FasaPay, Perfect Money, Skrill, Neteller, TopChange, Jeton	USD, EUR	x	✔	x	42	12	✔	Copy Trading RAMM	PAMM, RAMM	✔	20%, 40% | 50%	⬤ Average
Anzo Capital	100 $					100 $	1000 : 1	0.01	1.8 ≈	0 $						500 $	500 : 1	0.01	0.1 ≈	7 $											ECN-style pricing*	STP	A-book	Market	Belize Belize	2016	IFSC	US, Japan	x	MT4, MT4 WebTerminal		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, STICPAY, DusuPay	USD	✔	x	x	52	x	x	Myfxbook	MAM	✔	50% | 80%	⬤ Low
Aron Groups	1 $ 1 $	1000 : 1	0.01	0 ≈	0 $											50 $	500 : 1	0.01	2 ≈	4 $	1 $	1000 : 1	0.001	0 ≈	0 $						ECN-style pricing*	MM, STP	B-book, A-book	Instant, Market	SVG SVG	2019	Not regulated	US, UK, SVG	x	MT5	0 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, PayPal, WebMoney, PAYEER, Perfect Money, Tether, Ininal, DAI, USD Coin, Binance USD, XLM, TrueUSD, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Ripple, Zcash, Dogecoin	USD, IRR	✔	x	✔	x	x	✔	x	MAM	x	30% | 50%	⬤ Average
ARUM Capital	500 $					500 $	30 : 1	0.01	0.7 ≈	0 $						500 $	30 : 1	0.01	0 ≈	5.4 $											ECN-style pricing*	STP, DMA	A-book	Market	Cyprus Cyprus	2017	CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT5	5 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, QIWI	USD	✔	✔	x	65	5	x	x	x	x	80% | 100%	⬤ Low
ATC Brokers	2000 $															2000 $	200 : 1	0.01	0.3 ≈	6 $											ECN-style pricing*	DMA	A-book	Market	Cayman Isl. Cayman Isl.	2005	CIMA	US	x	MT4	100 ms	Yes	✔	✔	✔	Bank Wire, China UnionPay	USD	✔	x	x	38	5	x	x	MAM	✔	100% | 120%	⬤ Low
AximTrade	1 $ 1 $	3000 : 1	0.01	1 ≈	0 $											50 $	1000 : 1	0.01	0 ≈	6 $	1 $	2000 : 1	0.01	1 ≈	0 $						ECN marketing*	MM, DMA	B-book, A-book	Market	BVI BVI	2010	FSC	None	x	MT4	4 ms	No, yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Alipay, WeChat, China UnionPay, Bitcoin	USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR	✔	✔	x	49	19	x	CopyTrade	x	x	30% | 60%	⬤ Average
AZAforex	1 $										1 $	1000 : 1	0.01	1 ≈	3 $	2000 $	500 : 1	0.01	0.5 ≈	3 $	1 $	1000 : 1	0.01	1 ≈	3 $	1 $	1000 : 1	0.01	3 ≈	1 $	ECN-style pricing*	DMA	A-book	Market	SVG SVG	2016	Not regulated	None	x	Mobius Trader	10 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PAYEER, ADVCash, NixMoney, Capitalist, Kuna, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dashcoin, Tether, Monero, Ripple	USD, EUR, GBR, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND, BTC, BCH, ETH, DASH, LTC, XMR	✔	✔	x	64	6	✔	x	MAM, PAMM	✔	5% | 100%	⬤ Low
BAXTER-FX	50000 $															50000 $	100 : 1	0.1	0 ≈	3.9 $											ECN		A-book	Market	Australia Australia	2012	ASIC	None	x	Currenex, Hotspot, FxAll		Yes	✔	✔	✔	Bank Wire	USD, EUR, GBP, AUD	x	x	x	x	x	x	x	PAMM	x	|	⬤ Low
BlackBull Markets	200 $					200 $	500 : 1	0.01	0.8 ≈	0 $						2000 $	500 : 1	0.01	0.1 ≈	6 $											ECN-style pricing*	STP, DMA	A+B book, A-book	Market	Seychelles Seychelles	2013	FSA	None	x	MT4, MT4 WebTerminal, MT5	20 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, China UnionPay	USD	✔	x	x	64	x	✔	ZuluTrade, Myfxbook	MAM, PAMM	✔	50% | 70%	⬤ Average
Blackwell Global	1 $					1 $	200 : 1	0.01	0.8 ≈	0 $						1 $	30 : 1	0.01	0.1 ≈	9 $											ECN marketing*	STP	A-book	Market	UK UK	2010	FCA	US, Japan, Belgium, New Zealand	UK Financial Services Compensation Scheme (FSCS)	MT5		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin	USD, EUR, GBP, CHF	✔	✔	x	x	x	✔	x	x	✔	50% | 80%	⬤ Low
Cabana Capitals	10 $					100 $	500 : 1	0.01	2 ≈	0 $						1000 $	200 : 1	0.01	0 ≈	10 $	10 $	500 : 1	0.01	0.6 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2017	Not regulated	US, Canada, Belgium, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT4, MT5	100 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, Bitcoin, Paytrust	USD, AED, INR, GBP	x	✔	x	45	15	✔	MT4 Social Trading	PAMM	x	50% | 80%	⬤ Average
Capital Street FX	100 $ 100 $	2500 : 1	0.01	2.5 🔒	0 $	200 $	3000 : 1	0.01	2 ≈	0 $						10000 $	100 : 1	0.1	0.1 ≈	15 $											ECN marketing*	MM, STP	B-book, A-book	Instant, Market	Mauritius Mauritius	2012	FSC	Mauritius	x	ActTrader, WebTrader	500 ms	No	x	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, PayPal, Perfect Money, PAYEER, IPay	USD	✔	x	x	x	x	x	x	x	x	10%, 20% | 50%	⬤ Average
CapitalXtend	100 $					100 $	1000 : 1	0.01	3 ≈	0 $						200 $	1000 : 1	0.01	1.6 ≈	0 $											ECN marketing*	STP	A-book	Market	SVG SVG	2005	Not regulated	None	Financialcommission.org	MT4, MT5		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Local Transfer, Perfect Money, Bitcoin, Ethereum, Tether, Paylivre, Paytrust88, ThunderXPay	USD	✔	✔	x	x	68	✔	CopyTrading	x	x	20%, 50% | 100%	⬤ Average
CapproFx	10 $					10 $	1000 : 1	0.01	1 🔒	0 $						500 $	1000 : 1	0.01	1 ≈	7 $											ECN marketing*	MM, STP	A+B book, A-book	Instant, Market	UK UK	2013	Not regulated	US	x	MT4	100 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, Bitcoin	USD, EUR	✔	x	x	67	x	✔	x	PAMM, MAM	✔	20% | 25%	⬤ Low
CDG Global	50 $					50 $	1000 : 1	0.01	1.5 ≈	0 $						500 $	500 : 1	0.01	0 ≈	20 $											ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2019	FSA	None	x	MT4, MT5	100 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Alipay, Bitcoin, FasaPay, Help2Pay, Nganluong, PayTrust88, ThunderXPay, ZotaPay	USD	✔	✔	x	45	3	✔	Social Trading	MAM, PAMM	x	30%, 60% | 100%	⬤ Low
CJC Markets	1000 $					1000 $	400 : 1	0.01	1.5 🔒	0 $						50000 $	200 : 1	0.01	0 ≈	5 $											ECN marketing*	STP, DMA	A-book	Instant, Market	Australia Australia	2020	ASIC, FINTRAC	US	x	MT4	18 ms		✔	x	✔	Bank Wire	USD	✔	x	x	x	4	x	Copy Trading	MAM, PAMM	x	50% | 100%	⬤ Low
CLMarkets	100 $ 100 $	500 : 1	0.01	1.3 ≈	0 $											500 $	500 : 1	0.01	0 ≈	7 $											ECN-style pricing*	MM, DMA	A+B book, A-book	Market	SVG SVG	2013	Not regulated	US	x	MT4, MT4 WebTerminal		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Instacoin, Bitcoin	USD, EUR, GBP	✔	✔	x	43	7	x	x	x	x	50% | 80%	⬤ Low
CM Trading	250 $ 250 $	200 : 1	0.1	1.5 ≈	0 $											10000 $	200 : 1	0.1	0.1 ≈	14 $											ECN marketing*	MM, DMA	A+B book, A-book	Market	Seychelles Seychelles	2015	FSA, FSCA	US	x	MT4, Sirix WebTrader	160 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, M-Pesa	USD, EUR	✔	✔	✔	x	15	✔	CopyKat	MAM, PAMM	x	20%, 50% | 100%	⬤ Average
Destek Global	100 $					100 $	200 : 1	0.01	1.5 ≈	0 $						10000 $	100 : 1	0.01	0.1 ≈												ECN marketing*	STP	A-book	Market	Bahamas Bahamas	2020	SEC	None	x	MT4		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, WebMoney	USD	x	✔	x	42	4	x	x	x	x	50% |	⬤ Lowest
Doo Prime	100 $					100 $	400 : 1	0.01	11 ≈	0 $						5000 $	400 : 1	0.01	1 ≈	6 $											ECN-style pricing*	STP	A-book	Market	Vanuatu Vanuatu	2014	VFSC	None	x	MT4, MT5	30 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, EPay, FasaPay, HWGC	USD	✔	x	x	36	x	x	Outrade, Myfxbook, FOLLOWME	MAM, PAMM	✔	30% | 100%	⬤ Lowest
Dukascopy Bank SA	100 $															100 $	100 : 1	0.01	0.1 ≈	9 $											ECN-style pricing*	MM	A+B book	Market	Switzerland Switzerland	2004	FINMA, FCMC, JFSA	Belgium, Israel, Canada, US, Russia, UK	Dukascopy Bank	MT4, JForex Web 3	300 ms	Yes, unlimited	✔	✔	✔	Bank Wire	USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU, ZAR	x	✔	x	62	19	✔	yes	PAMM	✔	50% | 100%	⬤ High
ECR Capitals	10 $					10 $	1000 : 1	0.01	0.9 ≈	0 $						1000 $	500 : 1	0.01	0.5 ≈	10 $											ECN marketing*	STP, DMA	A-book	Market	UK UK	2020	Not regulated	US, Canada, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT5	300 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, Bitcoin	USD	✔	✔	x	x	x	✔	Copy Trading	x	x	50% | 100%	⬤ Low
EKOLFX	100 $															100 $	500 : 1	0.01	3 ≈	10 $											ECN marketing*	STP	A-book	Market	SVG SVG	2021	Not regulated	US, Germany	IFMRRC	MT4, MT4 WebTerminal	0 ms	Yes	✔	x	✔	Bank wire, Credit Card, Debit Card, Neteller, Skrill, WebMoney, PAYEER, UldPay, Papara, Payoneer, CPGCode, Bitcoin, Ethereum, Litecoin, BitMoney, Ascoin, Redcoin, Dashcoin, Unkcoin, Zcash, RocketPay, Western Union	USD	x	x	x	53	39	✔	x	x	x	|	⬤ Lowest
Equiti	500 $										500 $	500 : 1	0.01	1.6 ≈	0 $	20000 $	500 : 1	0.01	0.2 ≈	7 $											ECN-style pricing*	DMA	A-book	Market	Jordan Jordan	2017	SC	US, Belgium, Canada, Singapore	Insurance	MT4, MT4 WebTerminal	40 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill	USD, EUR, GBP, AED	✔	x	x	62	x	✔	x	x	x	30% | 100%	⬤ Average
FBS	5 $					100 $	3000 : 1	0.01	0.5 ≈	0 $						1000 $	500 : 1	0.1	0 ≈	12 $	5 $	3000 : 1	0.1	3 🔒	0 $	1 $	5 : 1	0.01	1 ≈	0.1 $	ECN-style pricing*	STP, DMA	A-book	Market	Belize Belize	2009	IFSC, CySEC	Japan, US, Canada, UK, Myanmar, Brazil, Malaysia, Israel, Iran	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, FBS Trader	30 ms	Yes	✔	✔	✔	Bank Wire, Neteller, STICPAY, Skrill, Bitwallet, Tether	USD, EUR, USDT	✔	✔	x	37	113	✔	CopyTrade	x	✔	20% | 40%	⬤ High
Fidelis Capital Markets	10 $					50 $	400 : 1	0.01	1.6 ≈	0 $						100 $	400 : 1	0.01	0 ≈	6 $	10 $	400 : 1	0.01	2.1 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2011	CySEC	US, Canada	Cyprus Investor Compensation Fund (ICF)	MT4, MT5	100 ms	Yes	✔	x	✔	Bank Wire, Skrill, Neteller	USD, EUR	✔	✔	x	46	x	✔	yes	PAMM	✔	50% | 100%	⬤ Low
FINQ	100 $ 100 $			1.9 ≈	0 $											1000 $			0.8 ≈	16 $											ECN marketing*	MM, STP	A+B book, A-book	Market	Seychelles Seychelles	2021	FSA	US, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT4, MT4 WebTerminal		No	✔	x	✔	Bank Wire	USD, EUR, GBP	x	✔	x	55	4	x	x	x	x	50% |	⬤ High
Forex.ee	50 $					50 $	500 : 1	0.01	0.5 ≈	0 $						200 $	500 : 1	0.01	0 ≈	7 $						10 $	3 : 1	0.01	0 ≈	1 $	ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2004	Not regulated	US	x	MT4, MT4 WebTerminal	2 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Tether	USD, EUR, RUB, JPY, AUD, BTC, LTC, MBT	x	x	✔	x	45	✔	x	PAMM	✔	30%, 50% | 50%, 100%	⬤ Low
ForexMart	1 $ 1 $	500 : 1	0.0001	0 🔒	4 $											15 $	0 : 1	0.01	1 ≈	0 $	15 $	500 : 1	0.01	1.2 ≈	0 $						ECN marketing*	MM, DMA	A+B book, A-book	Instant, Market	SVG SVG	2015	CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal	0 ms	No	✔	x	✔	Bank Wire, Skrill, Neteller, Klarna, B2B in PAY	USD, EUR, CZK	✔	✔	✔	x	19	✔	x	x	✔	10% | 30%	⬤ Low
ForexVox	1 $					1 $	500 : 1	0.01	1 ≈	0 $						1 $	500 : 1	0.01	0 ≈	7 $											ECN-style pricing*	STP, DMA	A-book	Market	UK UK	2019	FCA	US	Financial Services Compensation Scheme (FSCS)	MT4, MT4 WebTerminal	24 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Alipay, China UnionPay, Trustly, Boleto, Rapid Transfer, Remessa Online	USD, EUR, GBP	✔	✔	x	75	x	✔	x	MAM	✔	50% | 100%	⬤ Low
FreshForex	1 $					1 $	1000 : 1	0.01	0.9 ≈	0 $						1 $	1000 : 1	0.01	0 ≈	6 $	1 $	2000 : 1	0.01	2 🔒	0 $						ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2004	Not regulated	None	x	MT4, MT4 WebTerminal, MT5	50 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, WebMoney, FasaPay, Skrill, Neteller, Bitcoin, OnlineNaira, Local Transfer Malaysia, M-Pesa, ADVCash, EPayService, Perfect Money, Bitcoin Cash, Litecoin, Tether, Ethereum, Ripple, DAI, Zcash, USD Coin, TrueUSD	USD, EUR, RUB, BTC	✔	x	x	52	17	✔	x	x	✔	40%, 60% | 100%	⬤ Average
FXCC	1 $															1 $	500 : 1	0.01	0 ≈	0 $											ECN marketing*	STP	A-book	Market	Cyprus Cyprus	2010	CySEC, VFSC	US	Cyprus Investor Compensation Fund (ICF)	MT4	80 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, PSE, Efecty, Pago Facil, PagoEfectivo, Rapipago, Webpay, OXXO, Boleto, Santander, Klarna, Rapid Transfer	USD, EUR, GBP	✔	✔	x	71	8	✔	x	MAM	✔	50% | 100%	⬤ Average
FXChoice	100 $					100 $	200 : 1	0.01	0.5 ≈	0 $						100 $	200 : 1	0.01	0 ≈	7 $						100 $	200 : 1	0.01	0.5 ≈	0 $	ECN marketing*	STP, DMA	A-book	Market	Belize Belize	2010	IFSC	None	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	7 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Crypto, FasaPay, Perfect Money, Paysafecard, Epayments, Trustly, QIWI, AstroPay, Rapid Transfer, POLi, UPayCard, VLoad	USD, EUR, GBP, CHF, AUD, CAD, XAU, BTC, BCH, LTC, ETH, XRP	✔	x	x	38	3	✔	Myfxbook	MAM	✔	15%, 80% | 25%, 100%	⬤ High
FXDD	1 $ 1 $	30 : 1	0.01	1.9 ≈	0 $											1 $	30 : 1	0.01	0.2 ≈	5.98 $											ECN-style pricing*	MM, STP	A+B book	Market	Malta Malta	2002	FSA, FSC	None	Investor Compensation Scheme (Malta)	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, WebTrader	1 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, China UnionPay, Bitcoin, Ethereum, M-Pesa, FasaPay, NganLuong, PayRetailers, Paytrust, PAYEER, Pay Livre, Payza, Ripple, VLoad, Tether, ThunderXpay, ADVCash, FRC, FXNiaga, Sentraegold, Indian Exchanger	USD	✔	✔	x	42	6	x	ZuluTrade	x	✔	50% | 50%	⬤ Average
FXGiants	50 $ 50 $	1000 : 1	0.01	1 ≈	0 $											500 $	200 : 1	0.01	0 ≈	7.5 $	50 $	1000 : 1	0.01	1.2 🔒	0 $						ECN marketing*	MM, DMA	A+B book, A-book	Market	Bermuda Bermuda	2015	Not regulated	None	x	MT4, MT4 WebTerminal		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Bitwallet, Bitcoin, China UnionPay	USD, EUR, AUD, JPY, CHF, PLN, HUF, CZK	✔	✔	x	84	x	x	AutoTrade	PAMM	✔	50% |	⬤ Average
FXGlobe	250 $					250 $	300 : 1	0.01	0.07 ≈	0 $						2000 $	300 : 1	0.01	0 ≈	8 $											ECN-style pricing*	STP, DMA	A-book	Market	Cyprus Cyprus	2016	CySEC	US	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal	6 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP, PLN	✔	✔	x	52	2	✔	x	MAM	✔	50% | 100%	⬤ Low
FXOpen	1 $					10 $	30 : 1	0.01	1.2 ≈	0 $						100 $	30 : 1	0.01	0.2 ≈	3 $	1 $	500 : 1	0.001	1.2 ≈	0 $	10 $	3 : 1	0.01	1.2 ≈	1 $	ECN-style pricing*	MM, STP, DMA	A+B book, A-book	Market	Nevis Nevis	2005	Not regulated	US	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, TickTrader	1 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, EPay, WebMoney, QIWI, Perfect Money, Yandex.Money, FasaPay, IntellectMoney, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Vietnam, Local Transfer Indonesia, Paypaid, Alfa-Bank, China UnionPay, Airtm, AstroPay	USD, EUR, GBP, CHF, JPY, AUD, CAD, RUB, SGD, XAU, BTC, ETC, BTC, LTC	✔	✔	✔	x	39	✔	ZuluTrade, Myfxbook	PAMM	✔	50% | 100%	⬤ High
FXOpen UK	300 $					300 $	30 : 1	0.01	1.2 ≈	0 $						300 $	30 : 1	0.01	0 ≈	3 $											ECN-style pricing*	STP, DMA	A-book	Market	UK UK	2005	FCA	US	UK Financial Services Compensation Scheme (FSCS)	MT4, MT4 WebTerminal, MT5	1 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, WebMoney, Trustly	USD, EUR, GBP	✔	✔	✔	x	39	x	x	x	✔	50% | 100%	⬤ High
FxPlayer	50 $					50 $	100 : 1	0.01	0.4 ≈	12 $						5000 $	200 : 1	0.01	0.4 ≈	8 $	50 $	100 : 1	0.01	0.4 ≈	12 $						ECN marketing*	STP	A-book	Market	Marshall Isl. Marshall Isl.	2014	Not regulated	US, Canada, Australia, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT4, UniTrader, Currenex, ActTrader, FxPlayer Trader	1000 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, PayPal, Paysafecard, Bitcoin	USD	✔	x	x	38	x	x	yes	x	x	45%, 40% | 45%, 40%	⬤ Low
FXPRIMUS	500 $ 500 $	30 : 1	0.01	0.1 ≈	0 $											2500 $	30 : 1	0.01	0.1 ≈	10 $											ECN marketing*	MM	A+B book, A-book	Market	Cyprus Cyprus	2009	CySEC, FSCA, VFSC	None	Cyprus Investor Compensation Fund (ICF), Renaissance Insurance Brokers	MT4, MT4 WebTerminal	400 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, EcoPayz, Local Transfer Malaysia, Local Transfer Indonesia, Local Transfer Vietnam, Local Transfer Thailand, Bitcoin, China UnionPay	USD, EUR, GBP, SGD, PLN	✔	✔	x	x	x	✔	x	PAMM	✔	30% | 30%	⬤ Average
FXTM	100 $ 100 $	1000 : 1	0.01	1.3 ≈	0 $											500 $	2000 : 1	0.01	0.1 ≈	4 $	100 $	2000 : 1	0.01	1.3 ≈	0 $						ECN marketing*	MM, STP	A+B book, A-book	Instant, Market	Mauritius Mauritius	2011	FSC, CySEC, FCA	None	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	200 ms	No, yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Crypto, FasaPay, Local Transfer, Baokim, GlobePay, Neteller, Skrill, Dusupay, WebMoney, Alfa-Bank, DIXIPAY, CASHU, Yandex.Money, QIWI, Perfect Money	USD, EUR, GBP, NGN	✔	✔	x	62	3	✔	yes	x	✔	20%, 50% | 40%, 80%	⬤ High
FXTRADING	200 $ 200 $	400 : 1	0.01	1 ≈	0 $											1000 $	500 : 1	0.01	0 ≈	7 $											ECN-style pricing*	MM, DMA	A+B book, A-book	Market	Australia Australia	2014	ASIC	None	x	MT4, MT4 WebTerminal	80 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, POLi, Skrill, Neteller	USD, EUR, GBP, AUD, NZD, SGD, CAD	✔	x	x	44	2	x	yes	MAM, PAMM	✔	50% | 80%	⬤ Low
Fxview	5 €															5 €	500 : 1	0.01	0 ≈	2 $											ECN-style pricing*	DMA	A-book	Market	Cyprus Cyprus	2018	CySEC	US	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, ActTrader, Autochartist	15 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Klarna, Giropay, Przelewy24, Nordea, Rapid Transfer	USD, EUR, GBP	✔	✔	x	x	x	x	x	x	✔	50% | 70%	⬤ Average
GCI	500 $ 500 $	400 : 1	0.1	1 ≈	0 $											500 $	400 : 1	0.01	1.7 ≈	0 $											ECN marketing*	MM, STP	A+B book, A-book	Market	SVG SVG	2002	Not regulated	None	x	ActTrader, MT4		Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money	USD, EUR	✔	✔	x	x	x	x	x	MAM	x	| 100%	⬤ Low
GetzCapital	1000 $ 100 $	500 : 1	0.01	1.4 ≈	0 $											10000 $	500 : 1	1	0 ≈		100 $	500 : 1	0.1	1.6 ≈	0 $						ECN marketing*	MM, STP	B-book, A-book	Market	SVG SVG	2020	Not regulated	US	x	MT5		Yes	✔	x	✔	Bank Wire	USD	x	✔	x	x	x	x	x	x	x	|	⬤ Lowest
GKFX Prime	1 $ 1 $	1000 : 1	0.01	1.8 🔒	0 $											1 $	1000 : 1	0.01	0 ≈	20 $											ECN marketing*	MM, DMA	A+B book, A-book	Instant, Market	BVI BVI	2012	FSC	US	Insurance	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	100 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP	✔	✔	x	47	5	✔	ZuluTrade	MAM, PAMM	✔	20% | 100%	⬤ Low
Global Prime	200 $															200 $	200 : 1	0.01	0 ≈	7 $											ECN-style pricing*	DMA	A-book	Market	Australia Australia	2011	ASIC, VFSC	None	x	MT4, MT4 WebTerminal	1 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, POLi, Neteller, BPAY, FasaPay, Dragonpay, ZotaPay	USD, AUD, EUR, GBP, SGD, CAD	✔	x	x	49	5	x	Myfxbook, ZuluTrade	MAM, PAMM	✔	100% | 120%	⬤ Average
Grand Capital	100 $ 10 $	500 : 1	0.01	1 ≈	0 $	100 $	100 : 1	0.01	0.4 ≈	10 $						500 $	100 : 1	0.01	0.4 ≈	10 $	10 $	500 : 1	0.01	1 ≈	0 $						ECN-style pricing*	MM, STP	A+B book, A-book	Market	SVG SVG	2006	Not regulated	US, Japan	Financialcommission.org	MT4, MT4 WebTerminal, MT5	1000 ms	Yes	✔	✔	✔	Bank Wire, Crypto, Ecommpay, FasaPay, Mobile, Neteller, PAYEER, Payza, Perfect Money, RBK.money, RPCard, VLoad, WebMoney, Yandex.Money, Help2Pay	USD, CHF, EUR, GBP, JPY, RUB	x	✔	x	49	61	✔	x	LAMM, RAMM	✔	40%, 80% | 100%	⬤ Average
Grinta Invest	1 $															1 $	200 : 1	0.01	1.5 ≈	0 $											ECN marketing*	MM	A+B book	Market	Marshall Isl. Marshall Isl.	2015	Not regulated	None	x	MT4		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, QIWI	USD, EUR	✔	✔	x	x	x	✔	x	MAM	✔	20% | 80%	⬤ Low
Hextra Prime	10 $															10 $	5000 : 1	0.01	0.1 ≈	20 $											ECN marketing*	DMA	A-book	Market	SVG SVG	2020	Not regulated	Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland, Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan, Ukraine, US, UAE	x	MT4	3 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin	USD	x	✔	x	47	14	✔	Copy Trade	x	x	30% | 50%	⬤ Low
HonorFX	100 $					100 $	500 : 1	0.01	1.2 ≈	0 $						10000 $	500 : 1	0.01	0.2 ≈												ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2018	FSC, FSA	US, Japan, Canada (BC), Canada (Quebec), Mauritius	x	MT5		Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Bitcoin, Tether, Neteller, Skrill, FasaPay, PayTrust, Ecommpay, MoMo, NgangLuong, AstroPay, GBPay, Bitpay, Perfect Money	USD	x	✔	✔	x	8	✔	x	x	✔	30% | 50%	⬤ Average
House Of Borse	1 $															1 $	100 : 1	0.01	0.1 ≈	7 $											ECN-style pricing*	DMA	A-book	Market	UK UK	2014	FCA	US	UK Financial Services Compensation Scheme (FSCS)	MT5, MT5 WebTerminal	50 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card	USD, EUR, GBP	✔	x	x	63	4	✔	x	MAM	x	100% | 125%	⬤ Low
Hugos Way	10 $															10 $	500 : 1	0.01	0.8 ≈	0 $											ECN marketing*	STP	A-book	Market	SVG SVG	2019	Not regulated	None	x	MT4, MT4 WebTerminal	300 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Bitcoin, VLoad	USD	✔	x	x	55	38	x	x	MAM, PAMM	x	70% | 100%	⬤ High
ICM Capital	200 $ 200 $	30 : 1	0.01	1.3 ≈	0 $											200 $	30 : 1	0.01	0 ≈	7 $											ECN-style pricing*	MM, DMA	A+B book, A-book	Market	UK UK	2011	FCA	US	UK Financial Services Compensation Scheme (FSCS), Civil Liability Insurance Programme	MT4	13 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP, SGD	✔	✔	x	34	x	✔	x	x	✔	50% | 100%	⬤ Low
INFINOX	1 $					1 $	500 : 1	0.01	0.9 ≈	0 $						1 $	500 : 1	0.01	0.2 ≈	15 $											ECN marketing*	STP	A-book	Market	Bahamas Bahamas	2009	SCB, FSCA, FSC	US	Insurance	MT4, MT4 WebTerminal, MT5, Autochartist	1000 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Broker to Broker	USD, EUR, GBP, AUD	✔	x	x	49	5	✔	IX Social	x	✔	100% | 120%	⬤ Average
INGOT Brokers	100 $ 100 $	500 : 1	0.01	1 ≈	0 $											100 $	200 : 1	0.01	0 ≈	7 $											ECN marketing*	MM	A+B book	Market	SVG SVG	2006	ASIC	US	x	MT4, MT5	2000 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin, Ethereum,	USD	✔	✔	x	27	x	✔	x	x	x	25% | 25%	⬤ Average
IronFX	500 $ 1 $	1000 : 1	0.01	1.6 ≈	0 $	500 $	200 : 1	0.01	1.7 ≈	0 $						500 $	200 : 1	0.01	0.3 ≈	13.5 $	100 $	1000 : 1	0.01	1.8 ≈	0 $						ECN-style pricing*	MM, STP	A+B book, A-book	Market	Bermuda Bermuda	2010	Not regulated	None	x	MT4, MT4 WebTerminal		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, Dotpay	USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, HUF, CZK	✔	✔	x	83	x	✔	TradeCopier	PAMM	✔	50% |	⬤ Average
IV Markets	10 $					10 $	500 : 1	0.01	1.2 ≈	0 $						10 $	500 : 1	0.01	0.02 ≈	0 $											ECN marketing*	MM, STP marketing	A+B book	Market	SVG SVG	2019	ASIC	US, Canada, Hong Kong	Financial Dispute Resolution Commission (FDRC)	MT4, MT4 WebTerminal		No	✔	x	✔	Bank Wire, Credit Card, Debit Card	USD	✔	x	x	35	16	x	Social Trading	x	x	50% | 80%	⬤ Average
JP Markets	1 zar					1 zar	200 : 1	0.01	2 ≈	0 $						10 zar	200 : 1	0.01	2 ≈	10 $											ECN-style pricing*	STP	A-book	Market	South Africa South Africa	2016	FSCA	None	x	MT4		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, I-Pay, PayFast	USD, GBP, ZAR	✔	✔	x	x	x	x	x	x	x	30% | 50%	⬤ Low
Juno Markets	100 $					100 $	500 : 1	0.01	2 ≈	0 $						1000 $	200 : 1	0.01	0 ≈	8 $											ECN marketing*	STP, DMA	A-book	Market	Vanuatu Vanuatu	2014	VFSC	US, Hong Kong	x	MT4, Juno Auto Trader	200 ms	Yes	✔	x	✔	Bank Wire, Skrill, Neteller, Alipay, China UnionPay, FasaPay, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Phillipines, Local Transfer Vietnam, Local Transfer Indonesia, Bitcoin, Ethereum, Tether, USD Coin, NganLuong	USD, EUR, AUD	✔	x	x	75	3	x	x	MAM, PAMM	x	50% | 100%	⬤ Low
Just2Trade	100 $					100 $	500 : 1	0.01	0.5 ≈	0 $	100 $	500 : 1	0.01	0 ≈	2 $	200 $	500 : 1	0.01	0 ≈	0 $											ECN-style pricing*	STP, DMA	A-book	Market	Cyprus Cyprus	2015	CySEC	US	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	50 ms	Yes, ues	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Klarna, CASHU, Paysafecard, China UnionPay, Alfa-Bank, Giropay, IDEAL, Dankort, POLi, Nordea, MONETA.RU, QIWI, WebMoney, Yandex.Money, Przelewy24, Russian Post, Bitcoin, Ethereum, Tether, Trustly	USD, EUR, RUB	✔	✔	x	64	16	x	x	x	x	50% | 100%	⬤ Average
Key to Markets	100 $					100 $	500 : 1	0.01	1 ≈	0 $						100 $	500 : 1	0.01	0 ≈	8 $											ECN marketing*	STP, DMA	A-book	Market	Mauritius Mauritius	2010	FSC, FCA	None	x	MT4	380 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, STICPAY, Alipay, China UnionPay, SEPA Transfer	USD, EUR	✔	x	x	65	7	x	Myfxbook	PAMM	✔	100% | 120%	⬤ Average
Kitco Markets	200 $ 200 $	500 : 1	0.01	0.1 ≈	0 $											200 $	500 : 1	0.01	0 ≈	5 $											ECN-style pricing*	MM, STP	A+B book, A-book	Market	SVG SVG	2021	Not regulated	None	x	MT4, WebTrader	10 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, PayPal	USD, EUR, GBP, AUD	✔	✔	✔	65	x	x	Myfxbook	MAM, PAMM	x	|	⬤ Lowest
Land-FX	300 $					300 $	500 : 1	0.01	0.8 ≈	0 $						2000 $	200 : 1	0.01	0 ≈	7 $											ECN-style pricing*	STP	A-book	Market	SVG SVG	2012	Not regulated	None	x	MT4, MT5	35 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, STICPAY, Skrill, Neteller	USD, EUR, JPY	✔	x	x	67	x	✔	ZuluTrade	MAM	x	30% | 50%	⬤ High
LCG	1 $ 1 $	500 : 1	0.01	1 ≈	0 $											10000 $	200 : 1	0.01	0 ≈	4.5 $											ECN marketing*	MM, DMA	B-book, A-book	Market	Cayman Isl. Cayman Isl.	1996	CIMA, SCB, CySEC, FCA	US, Australia, Belgium, Canada, New Zealand, Singapore	x	LCGTrader, MT4, MT4 WebTerminal		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay	USD	✔	x	✔	61	45	✔	x	MAM	x	|	⬤ Average
LIRUNEX	25 $					25 $	500 : 1	0.01	2 ≈	0 $						200 $	500 : 1	0.01	0 ≈	12 $											ECN marketing*	STP	A-book	Market	Cyprus Cyprus	2017	CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4		Yes	✔	x	✔	Bank Wire	USD	✔	x	x	x	6	✔	ZuluTrade, Chills Trading	MAM, PAMM	✔	25% | 50%	⬤ Average
LiteForex	50 $ 50 $	500 : 1	0.01	1.8 ≈	0 $											50 $	500 : 1	0.01	0 ≈	10 $											ECN marketing*	MM, STP	A+B book, A-book	Market	Marshall Isl. Marshall Isl.	2005	CySEC	US, Israel, Japan, Russia	Cyprus Investor Compensation Fund (ICF)	MT4, MT5		No, yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, QIWI, Yandex.Money, Boleto, M-Pesa, MTN Mobile Money, WebMoney, ADVCash, Alipay, Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Monero	USD, EUR, MBT, GBP, PLN	✔	✔	x	56	16	✔	Social Trading	MAM	✔	20% | 100%	⬤ High
LMAX	10000 $															10000 $	100 : 1	0.1	0 ≈	5 $											ECN		A-book	Market	UK UK	2009	FCA, CySEC	US, Canada, Singapore, Australia	UK Financial Services Compensation Scheme (FSCS), Cyprus Investor Compensation Fund (ICF)	LMAX	85 ms	Yes	✔	✔	✔	Bank Wire	USD	✔	✔	x	x	5	x	x	x	x	70% | 100%	⬤ Average
LQDFX	20 $					500 $	300 : 1	0.01	0.7 ≈	0 $						500 $	300 : 1	0.01	0.1 ≈	7 $	20 $	500 : 1	0.01	1 ≈	0 $						ECN marketing*	STP	A-book	Market	Marshall Isl. Marshall Isl.	2015	Not regulated	None	x	MT4		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin, FasaPay, UPayCard, VLoad	USD	✔	✔	x	71	x	✔	x	PAMM	x	20% | 50%	⬤ High
Merit Forex	250 $															250 $	400 : 1	0.01	1.5 ≈	0 $											ECN marketing*	STP	A-book	Market	Vanuatu Vanuatu	2020	FSC	US, Switzerland	x	MT4, MT5, MT5 WebTerminal		No	✔	x	✔	Bank Wire, Debit Card, Credit Card, Skrill, Neteller, Bitcoin	USD	✔	x	x	x	5	✔	Copy Trading	MAM	x	100% | 100%	⬤ Low
MEX Exchange	1 $					1 $	500 : 1	0.01	0.5 ≈	0 $						1 $	500 : 1	0.01	0 ≈	7 $											ECN-style pricing*	STP, DMA	A-book	Market	Australia Australia	2012	ASIC	US	x	MT4, MT4 WebTerminal	1 ms	No	x	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD	✔	x	x	36	x	x	x	MAM, PAMM	✔	20% | 50%	⬤ Low
MFM Securities	15 $					25 $	500 : 1	1	0 ≈	0 $						100 $	500 : 1	1	0 ≈	5 $	15 $	1000 : 1	0.1	0 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	Vanuatu Vanuatu	2019	VFSC	None	x	MT4, MT5	177 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Help2Pay, BerryPay	USD	x	✔	x	84	x	x	CopyTrade	MAM, PAMM	x	30% | 50%	⬤ Low
MICFX	1 $					1 $	200 : 1		1.5 ≈	0 $						1 $	200 : 1		0 ≈												ECN marketing*	STP	A-book	Market	Cyprus Cyprus	2021	no	None	x	MT4			✔	x	✔	Bank Wire, Credit Card, Debit Card, Paypal, Bipipay, 5PAY, Bitcoin	USD	x	x	x	5	5	✔	Social Trading	MAM, PAMM	x	|	⬤ Low
Moneta Markets	50 $					50 $	500 : 1	0.01	1.2 ≈	0 $						200 $	500 : 1	0.01	0 ≈	6 $											ECN-style pricing*	STP, DMA	A-book	Market	Vanuatu Vanuatu	2020	VFSC, CIMA	None	x	MT4, MT5, WebTrader	250 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, STICPAY, Boleto, Bitcoin, FasaPay	USD, EUR, GBP, AUD, CAD, SGD, NZD, HKD, JPY	✔	✔	x	39	6	✔	DupliTrade	x	✔	50% | 80%	⬤ Average
MTrading	100 $					100 $	1000 : 1	0.01	1 ≈	0 $						500 $	1000 : 1	0.01	0 ≈	8 $											ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2012	Not regulated	None	Financialcommission.org	MT4, MT4 WebTerminal, Autochartist		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, Prepaid Card	USD, EUR, RUB, VND, THB	✔	✔	x	38	x	✔	CopyTrade	PAMM	x	30% |	⬤ High
MultiBank Group	50 $															5000 $	500 : 1	0.01	0.1 ≈	6 $	50 $	500 : 1	0.01	1.5 ≈	0 $						ECN marketing*	STP	A-book	Market	BVI BVI	2005	FSC, DFSA	US	x	MT4, MT4 WebTerminal, MT5	20 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, GlobePay, Payment Asia, ThunderXpay	USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD	✔	✔	x	45	5	✔	Social Trading	MAM, PAMM	✔	50% | 100%	⬤ High
NBH Markets	100 $					100 $	500 : 1	0.01	1.6 ≈	0 $						5000 $	500 : 1	0.01	0.2 ≈	5 $											ECN marketing*	STP	A-book	Market	SVG SVG	2013	Not regulated	None	Lloyds	MT4, MT5	100 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, FasaPay, GlobePay, ADVCash, Paytrust	USD, EUR	✔	✔	x	44	x	✔	x	x	x	50% | 100%	⬤ Low
NSFX	300 $ 300 $	50 : 1	0.01	3 🔒	0 $						3000 $	50 : 1	0.01	0 ≈	16 $	5000 $	50 : 1	0.01	0 ≈	8 $											ECN-style pricing*	MM, DMA	B-book, A-book	Instant, Market	Malta Malta	2012	FSA	US	x	MT4, MT4 WebTerminal, JForex		No, yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP, CAD, JPY	✔	✔	x	28	x	✔	x	x	x	20%, 50% | 50%, 20%	⬤ Average
OctaFX	100 $					100 $	500 : 1	0.01	0.2 ≈	0 $						100 $	500 : 1	0.01	0 ≈	6 $	100 $	500 : 1	0.01	0.4 ≈	0 $						ECN-style pricing*	STP, DMA	A-book	Market	SVG SVG	2011	Not regulated	US	x	MT5, MT5 WebTerminal	100 ms	Yes	✔	x	✔	Bitcoin, Skrill	USD, EUR	✔	✔	x	35	5	✔	CopyTrading	x	✔	30%, 15% | 45%, 25%	⬤ High
OliveFX	1 $															1 $	500 : 1	0.01	0.8 ≈	0 $											ECN marketing*	MM	A+B book	Market	Australia Australia	2018	ASIC	US	x	MT4		Yes	✔	x	✔	Bank Wire, ZotaPay	AUD, USD, EUR, GBP, CNY, HKD, SGD	✔	x	x	71	x	x	Social Trading Programme	x	✔	|	⬤ Low
OspreyFX	10 $															10 $	500 : 1	0.01	0.4 ≈	7 $						10 $	500 : 1	0.01	7 ≈	0.4 $	ECN marketing*	DMA	A-book	Market	SVG SVG	2019	Not regulated	None	x	MT4, MT4 WebTerminal	10 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, VLoad, Bitcoin	USD, EUR, GBP, CAD, AUD, BTC	✔	x	x	55	14	✔	x	x	x	70% | 100%	⬤ High
OTX Forex	100 $ 100 $	500 : 1	0.01	1.5 ≈	0 $											1000 $	200 : 1	0.1	0 ≈	10 $	100 $	500 : 1	0.01	1.5 ≈	0 $						ECN marketing*	MM	B-book	Market	SVG SVG	2020	Not regulated	None	x	MT5, MT5 WebTerminal	0 ms	No	✔	x	✔	Bank Wire	USD	x	x	x	38	x	✔	x	MAM, PAMM	x	|	⬤ Average
Profiforex	1 $															5 $	500 : 1	0.01	0 ≈	6 $	1 $	500 : 1	0.01	0.1 ≈	3 $	1 $	500 : 1	0.01	3 ≈	0.1 $	ECN-style pricing*	STP	A-book	Market	Belize Belize	2010	Not regulated	None	x	MT4, Mobius Trader	200 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Perfect Money, WebMoney, QIWI, Yandex.Money, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stablecoin, China UnionPay, Dash	USD, AUD, BTC, BCH, CAD, CNY, DASH, ETH, EUR, GBP, JPY, LTC, XRM, NZD, RUB, CHF, UAH	✔	✔	x	49	6	✔	x	PAMM	x	60% | 80%	⬤ Low
RannForex	1 $										1 $	100 : 1	0.01	0 ≈	4 $	1 $	500 : 1	0.01	0 ≈	4 $											ECN marketing*	DMA	A-book	Market	SVG SVG	2003	Not regulated	US	x	MT4, MT4 WebTerminal, MT5	200 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, ADVCash, TCPAY, Perfect Money, Tether, Bitcoin, WebMoney, Yandex.Money, QIWI	USD, EUR	x	x	x	x	x	x	x	PAMM	x	60% | 100%	⬤ Low
Renesource Capital	10 $					500 $	100 : 1	0.01	0 ≈	0 $	1000 $	100 : 1	0.01	0 ≈	25 $	50000 $	40 : 1	0.1	0 ≈	25 $	10 $	100 : 1	0.01	0 ≈	0 $						ECN	STP, DMA	A-book	Market	Latvia Latvia	1998	FCMC	US	Investor Protection Law Latvia	MT4, Integral, Currenex	1 ms	Yes, unlimited	✔	✔	✔	Bank Wire	USD, EUR	✔	x	x	x	x	x	x	x	x	50%, 30% | 100%, 50%	⬤ Low
RoboForex	10 $ 10 $	2000 : 1	0.1	1.3 ≈	0 $											10 $	500 : 1	0.01	0 ≈	4 $	10 $	2000 : 1	0.01	1.3 ≈	0 $						ECN marketing*	MM, DMA	A+B book	Market	Belize Belize	2009	IFSC	None	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, CTrader	400 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, ADVCash, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Nordea Solo, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag	USD, EUR, CNY, XAU	✔	✔	✔	36	4	✔	CopyFX	RAMM	✔	20%, 40% | 60%	⬤ High
Samtrade FX	10 $					10 $	500 : 1	0.01	1.7 ≈	0 $						100000 $	200 : 1	0.01	1.7 ≈	0 $											ECN-style pricing*	STP	A-book	Market	SVG SVG	2019	FINTRAC	None	Financialcommission.org, Falcon Insurance	MT4		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, China UnionPay	USD	✔	✔	x	32	19	✔	CopySam	x	✔	50% | 100%	⬤ Average
Scandinavian Capital Markets	10000 $					10000 $	100 : 1	0.01	1.7 ≈	0 $	25000 $	100 : 1	0.01	0 ≈	10 $	250000 $	100 : 1	1	0 ≈	10 $											ECN	STP, DMA	A-book	Market	Sweden Sweden	2017	FI	None	x	MT4, cTrader, Currenex	10 ms	No	✔	✔	✔	Bank Wire	USD, EUR, GBP	✔	x	x	52	x	✔	x	MAM	x	80% | 100%	⬤ Low
Seven Star FX	200 $					200 $	400 : 1	0.01	1 ≈	0 $						5000 $	300 : 1	0.1	0 ≈	10 $											ECN-style pricing*	STP, DMA	A-book	Market	SVG SVG	2004	Not regulated	None	x	MT4, MT4 WebTerminal	15 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, OKPAY, RegularPay	USD	✔	✔	x	36	x	✔	x	PAMM	x	50% | 100%	⬤ Low
SuperForex	1 $					1 $	1000 : 1	0.1	2 🔒	0 $						1 $	1000 : 1	1	0 ≈	0 $	1 $	1000 : 1	0.01	2 🔒	0 $						ECN-style pricing*	MM, STP	A+B book, A-book	Instant, Market	Belize Belize	2013	IFSC	None	x	MT4	0 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, STICPAY, Neteller, PayCo, Triv, IPay, FasaPay, Perfect Money, QIWI, OnlineNaira, PAYEER, NganLuong, Flutterwave, Bitwallet, Bitcoin, Litecoin, Peercoin, Reddcoin, Blackcoin, Zcash, Dash, Dogecoin, Local Transfer Malaysia, Local Transfer Indonesia, Local Transfer Nigeria, Local Transfer Kenya, Local Transfer Zimbabwe, Local Transfer Namibia, Local Transfer Iran	USD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB	✔	✔	x	84	x	✔	Forex Copy	x	x	10% | 30%	⬤ High
tegasFX	200 $															200 $	200 : 1	0.01	0 ≈	8 $											ECN-style pricing*	MM, STP	A+B book, A-book	Market	Vanuatu Vanuatu	2016	VFSC	None	x	MT4	7 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Neteller, BitPay, ThunderXpay	USD, EUR	✔	x	x	36	5	x	Copy Trading	PAMM, MAM	✔	70% | 100%	⬤ High
TeleTrade	100 $ 100 $	500 : 1	0.01	1.1 ≈	0 $	100 $	500 : 1	0.01	0.8 ≈	7 $						100 $	500 : 1	0.01	0.2 ≈	8 $											ECN marketing*	MM, STP	A+B book, A-book	Market	Cyprus Cyprus	1994	CySEC	Belgium, US	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, MT5		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay	USD, EUR	✔	✔	x	61	66	✔	x	x	x	50% | 70%	⬤ Low
TenkoFX	10 $					10 $	500 : 1	0.01	0 ≈	0 $						100 $	200 : 1	0.01	0 ≈	8 $						10 $	3 : 1	0.01	10 ≈	0 $	ECN-style pricing*	STP	A-book	Market	Nevis Nevis	2012	Not regulated	US	x	MT4		Yes, unlimited	✔	✔	✔	Credit Card, Debit Card, QIWI, FasaPay, ADVCash, Perfect Money, Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash	USD, EUR, RUB, JPY, BTC, LTC, ETH	x	x	x	55	29	✔	x	PAMM	x	30%, 50% | 50%, 100%	⬤ Low
Tifia	10 $					100 $	1000 : 1	0.01	1.1 ≈	0 $						500 $	500 : 1	0.01	0 ≈	8 $	10 $	1000 : 1	0.001	2.2 ≈	0 $						ECN-style pricing*	STP, DMA	A-book	Market	Vanuatu Vanuatu	2011	VFSC	US, Canada, Israel, Belgium, Japan, Vanuatu, Mauritius	x	MT4, MT5	100 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Perfect Money, FasaPay, Neteller, Bitcoin, Local Transfer Malaysia, Local Transfer Indonesia, Local Transfer Thailand, Local Transfer Vietnam, Local Transfer Nigeria	USD, EUR, NGN, PLN, GBP	✔	x	x	x	x	✔	Social Trading	x	✔	100%, 50% | 50%, 100%	⬤ Average
Titan FX	200 $					200 $	500 : 1	0.01	1.2 ≈	0 $						200 $	500 : 1	0.01	0 ≈	7 $											ECN-style pricing*	STP, DMA	A-book	Market	Vanuatu Vanuatu	2014	VFSC	None	x	MT4, MT4 WebTerminal, MT5	300 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Bitwallet, STICPAY, Local Transfer Japan	USD, EUR, AUD, JPY, SGD	✔	✔	x	55	24	✔	x	MAM, PAMM	✔	20% | 20%	⬤ High
TradeFxP	250 $					500 $	100 : 1	0.01	1.9 ≈							2000 $	100 : 1	0.01	0.9 ≈	0 $	250 $	300 : 1	0.01	2.1 ≈	0 $						ECN marketing*	STP	A-book	Market	UK UK	2014	Not regulated	US	x	MT4		No	✔	x	✔	Bank Wire, Credit Card, Skrill, Neteller, FasaPay	USD	✔	x	x	67	x	x	x	x	x	|	⬤ Low
Traders Trust	50 $					50 $	500 : 1	0.01	1.5 ≈	0 $						2000 $	500 : 1	0.01	0 ≈	6 $											ECN marketing*	STP, DMA	A-book	Market	Bermuda, Cyprus Bermuda, Cyprus	2009	BMA, CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal	100 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Bitwallet, Bitcoin, Skrill, FasaPay, WebMoney, Perfect Money	USD, EUR, JPY, CHF, GBP	✔	✔	x	53	8	✔	Copy Trader	MAM	✔	50% | 80%	⬤ Average
Traders Way	10 $					10 $	1000 : 1	0.01	0.7 ≈	0 $						10 $	1000 : 1	0.01	0 ≈	3 $											ECN marketing*	STP, DMA	A-book	Market	Dominica Dominica	2011	Not regulated	US, UK	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, CTrader	500 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, UPayCard, Skrill, Neteller, Perfect Money, FasaPay, Ethereum, Bitcoin, Litecoin, Ripple, USD Coin, Tether, TrueUSD, Stellar Lumens	USD, EUR, CAD, GBP	✔	x	x	42	9	✔	yes	x	✔	40% | 40%	⬤ High
Tradeview	100 $					100 $	400 : 1	0.01	0.1 ≈	0 $						25000 $	100 : 1	0.1	0 ≈	5 $											ECN-style pricing*	STP, DMA	A-book	Market	Cayman Isl. Cayman Isl.	2004	CIMA	US	x	MT4, MT5, MT5 WebTerminal, Currenex, CTrader		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Payfinder, Bitwallet, EcoPayz, Uphold, BitPay, STICPAY, EPayments, FasaPay, TransferMate, ADVCash, Tronipay, Paytrust, Payr, Flutterwave, Interac	USD, EUR, GBP, JPY	✔	x	x	x	5	✔	Tradeview Copier, Myfxbook	MAM	x	110% | 110%	⬤ Average
Tradize	500 $					1000 $	400 : 1	0.01	1.4 ≈	0 $						10000 $	200 : 1	1	0 ≈	10 $	500 $	500 : 1	0.01	1.6 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	SVG SVG	2013	Not regulated	US, Japan, Canada	x	MT4		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD	✔	✔	x	44	1	x	x	x	✔	30%, 20% | 50%	⬤ Low
TrioMarkets	500 $					500 $	500 : 1	0.01	2.4 ≈	0 $						25000 $	500 : 1	0.01	0 ≈	11 $											ECN marketing*	MM, STP, DMA	A+B book, A-book	Market	Mauritius, Cyprus Mauritius, Cyprus	2014	FSC, CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal	32 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller	USD	✔	x	x	61	4	x	x	PAMM, MAM	✔	50% | 200%	⬤ Average
Turnkey Forex	5 $					200 $	200 : 1	0.01	0.2 ≈	0 $						200 $	400 : 1	0.01	0 ≈	4 $	5 $	200 : 1	0.01	0.2 ≈	8 $						ECN marketing*	STP, DMA	A-book	Market	Seychelles Seychelles	2016	Not regulated	None	x	MT4, MT5, ActTrader, TradeStation	50 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin, Ethereum	USD, EUR	✔	x	x	x	4	✔	Social Trading	PAMM	✔	50% | 70%	⬤ Low
UNFXB	10 $ 10 $	1000 : 1	0.01	1.6 ≈	0 $											400 $	500 : 1	0.01	0.8 ≈	10 $											ECN marketing*	MM	A+B book	Market	Mauritius Mauritius	2016	Not regulated	US	x	MT5, MT5 WebTerminal	65 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, PayPal, Western Union, WebMoney, Bitcoin, Litecoin, Dash, Tether, Monero NEO, TUSD, ENB	USD	x	✔	x	x	x	✔	CopyTrade	MAM, PAMM	✔	20%, 40% | 100%	⬤ Average
Uniglobe Markets	100 $					1000 $	300 : 1	0.1	1.3 ≈	0 $						1000 $	200 : 1	0.1	0 ≈	20 $	100 $	500 : 1	0.01	1.5 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	Marshall Isl. Marshall Isl.	2015	Not regulated	None	x	MT4		Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, QIWI, Perfect Money, OKPAY, CASHU	USD	✔	✔	x	38	x	✔	x	PAMM	x	40%, 70% | 110%	⬤ Average
Valutrades	1 $															1 $	500 : 1	0.01	0 ≈	6 $											ECN marketing*	MM, DMA	B-book, A-book	Market	UK UK	2004	FCA, FSA	US	UK Financial Services Compensation Scheme (FSCS)	MT4, MT4 WebTerminal, MT5	159 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Rapid Transfer, China UnionPay, Trustly, Remessa Online, Alipay, Klarna, Multibanco, JCB, AstroPay, IDEAL, POLi, Przelewy24, STICPAY, PayPal	USD, AUD, CHF, EUR, GBP, JPY, ZAR, NZD	✔	✔	x	x	x	x	x	MAM	✔	50% | 50%	⬤ Low
Vantage	200 $					200 $	500 : 1	0.01	1.4 ≈	0 $						500 $	500 : 1	0.01	0 ≈	6 $											ECN-style pricing*	STP, DMA	A-book	Market	Cayman Isl. Cayman Isl.	2009	CIMA, ASIC, FCA, FSC	US	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal	250 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, BPAY, POLi, Skrill, Neteller, FasaPay, China UnionPay	USD, AUD, GBP, EUR, SGD, CAD	✔	x	x	44	x	✔	ZuluTrade, Myfxbook	MAM, PAMM	✔	50% | 80%	⬤ Average
VARIANSE	500 $					500 $	30 : 1	0.01	1 ≈	0 $						5000 $	30 : 1	0.1	0 ≈	0 $											ECN marketing*	STP, DMA	A-book	Market	UK UK	2015	FCA	US	UK Financial Services Compensation Scheme (FSCS)	MT4	0.1 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card	USD, EUR, GBP, PLN, JPY, AUD	✔	✔	x	45	x	✔	x	MAM	✔	50% | 100%	⬤ Low
Velocity Trade	25000 $															25000 $	100 : 1	0.01	0.5 ≈	5 $											ECN		A-book	Market	UK UK	2009	ASIC, FCA	Canada, US	x	Liquidx, Currenex, Hotspot, Pro Trader		Yes	x	x	✔	Bank Wire	USD	✔	x	x	x	x	✔	x	x	x	50% | 50%	⬤ Lowest
VT Markets	200 $					200 $	500 : 1	0.01	1.2 ≈	0 $						200 $	500 : 1	0.01	0 ≈	6 $											ECN-style pricing*	STP	A-book	Market	Cayman Isl. Cayman Isl.	2016	CIMA, ASIC	None	x	MT4, MT4 WebTerminal		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin, Ethereum	USD, EUR, AUD, GBP, CAD	✔	✔	x	39	x	✔	ZuluTrade	MAM, PAMM	x	|	⬤ Average
W7BT	100 $															100 $	200 : 1	0.01	1.5 ≈	15 $											ECN marketing*	STP	A-book	Market	SVG SVG	2019	Not regulated	None	x	MT5	1000 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Boleto, Bitcoin	USD	x	✔	x	x	x	x	x	PAMM	✔	50% | 100%	⬤ Low
WesternFX	25 $					25 $	500 : 1	0.01	1.4 ≈	0 $						250 $	100 : 1	0.01	0.2 ≈												ECN marketing*	STP	A-book	Market	SVG SVG	2013	Not regulated	US, Canada	x	MT5		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, FasaPay, Payza	USD	✔	x	x	34	x	✔	yes	PAMM	x	10% | 20%	⬤ Low
World Forex	1 $															1 $	500 : 1	0.01	0.6 ≈	0 $	1 $	1000 : 1	0.01	1.8 🔒	0 $	1 $	25 : 1	0.01	0 ≈	0 $	ECN marketing*	MM, STP	B-book, A-book	Market	BVI BVI	2007	VFSC	US	Financialcommission.org	MT4, MT5		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Perfect Money, PAYEER, ADVCash, Bitcoin, Dash, Apple Pay, Google pay	USD, UAH, RUB, EUR	x	✔	✔	53	17	✔	x	MAM	✔	40% |	⬤ Low
XGLOBAL	100 $					100 $	30 : 1	0.01	1 ≈	0 $	0 $	0 : 1	0	0 ≈	0 $	100 $	30 : 1	0.01	0.2 ≈	7 $											ECN-style pricing*	STP, DMA	A-book	Market	Cyprus Cyprus	2012	CySEC, FSC	None	Cyprus Investor Compensation Fund (ICF)	MT5	200 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP, CHF, NOK	✔	✔	x	44	4	✔	x	MAM	x	50% | 100%	⬤ Low
XtreamForex	5 $					250 $	400 : 1	0.01	1 ≈	0 $						250 $	400 : 1	0.01	0 ≈	7 $	5 $	1000 : 1	0.01	1 ≈	0 $						ECN marketing*	STP, DMA	A-book	Market	Marshall Isl. Marshall Isl.	2015	Not regulated	None	x	MT4, MT5, MT5 WebTerminal		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Bitcoin, China UnionPay	USD	✔	✔	x	52	34	✔	Copy Trading	PAMM	✔	30% | 60%	⬤ Low
Yadix	100 $					100 $	500 : 1	0.01	1 ≈	0 $						500 $	500 : 1	0.01	0 ≈	12 $											ECN-style pricing*	STP, DMA	A-book	Market	Seychelles Seychelles	2010	FSA	US	x	MT4	15 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, FasaPay, CASHU, QIWI, IDEAL, Paysafecard, Alipay, M-Pesa	USD	✔	✔	x	57	x	✔	x	MAM	✔	50%, 80% | 100%	⬤ Low
ZFX	50 $					200 $	400 : 1	0.01	1.3 ≈	0 $						1000 $	400 : 1	0.01	0.2 ≈	14 $	50 $	2000 : 1	0.01	1.5 ≈	0 $						ECN marketing*	STP	A-book	Market	Seychelles Seychelles	2017	FSA, FCA	US	x	MT4	35 ms	No	✔	x	✔	Bank Wire, Credit Card	USD	✔	x	x	33	x	x	x	MAM	x	100% | 100%	⬤ Average

*ECN - true ECN broker
*ECN-style pricing - broker offers Best pricing from Top-tier liquidity providers, yet isn't a true ECN
*ECN marketing - liquidity source is unknown and/or trading conditions don't match ECN, the broker is not a true ECN
*EURUSD Spread as low as
*Commission per Standard lot Round Turn

ECN Forex broker

— an agent and intermediary dealer that operates No Dealing Desk (NDD) and is NOT a counterparty to clients' trades. Instead it facilitates processing of all orders directly to the Interbank Market (via Straight Through Processing - STP) where all ECN participants of all levels trade between each other and for themselves.

How ECN brokers work?

• Price: ECN Forex brokers display price feeds as seen on the Interbank. ECN brokers charge commission for access to the global market.
• Trade: Clients don't trade with ECN brokers. Rather they receive access to the ECN network & trade directly on the Interbank while using ECN brokers' interface. The final counterparty of each trade is all other ECN market participants (from individual traders to large investment corporations and banks).
• What's the deal? Clients receive access to the Interbank liquidity, benefit from unlimited trading capacity under all market conditions, unlimited access to DOM data (Market Depth data) and lowest spreads directly from the market. Clients trade for themselves on behalf of themselves.

🔥 "ECN pricing" NOT equals "ECN dealing"

For many Forex traders seeing the word "ECN" triggers expectations of getting onboard of ECN trading.

In fact "ECN pricing" should be called "ECN-style pricing". This way it sets clear expectation that it is all about matching the ECN style, not being an actual ECN.

"ECN pricing" is just that: Pricing.
It says nothing about the dealing model.

"ECN pricing" means a Broker does not make own pricing (like Market Makers do), but instead sources best price quotes from liquidity providers (LPs) and passes them to clients. High quality LPs + more LPs = best possible pricing.

Yes, it is the best pricing (best Bid/Ask quotes) delivered from Top-tier liquidity providers, but this is where the word "pricing" ends.

"ECN pricing" says nothing about "How the broker handles client orders", e.g. nothing about the dealing model.

ECN pricing = ECN-style pricing ≠ ECN dealing

This is where many traders would be surprised to learn that a broker with "ECN pricing" could be a Market Maker or STP or DMA

ECN with ECN pricing

ECN Brokers offer true ECN pricing.

STP and DMA with "ECN pricing"

STP and DMA brokers promoting "ECN pricing" offer "ECN-style pricing"

• STP and DMA brokers with "ECN pricing" will send all orders to their LPs (A-book).
• STP and DMA brokers can choose to add mark-up to price quotes and/or charge commission.
• DMA brokers will have better LPs, and more LPs, which improves overall trading experience for clients.

Market Makers with "ECN pricing"

Marker Makers promoting "ECN pricing" offer "ECN-style pricing"

Such Market Makers would be Hybrid = A+B-book dealing type, where A-booked orders are passed to LPs (No Dealing Desk model), while B-booked orders are held in-house and processed internally, e.g. countertraded by the broker (Dealing Desk model).

Conclusion

As we can see, it is "Business as usual" for all Forex brokers.

Just that little fancy word "ECN" mentioned by a Broker tends to receive more attention from traders, and thus higher client conversion for the Broker.

It's a pure marketing power in action!

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