Platforms: MT4 Desktop, MT4 Web, MT5 Desktop Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, FSC (Mauritius) Minimum Deposit: 10
A nominee in the UK Forex Awards 2016 in the category MT5 Platforms, Forextime (FXTM) are a top MT5 forex broker based in Cyprus and also winner of several awards over the years. They are well regulated by a host of the top tier regulatory bodies. These include CySEC (185/12), FSCA (FSP No. 46614), and the IFSC (IFSC/60/345/TS and IFSC/60/345/APM).
FXTM are one of the most well-known market maker brokers around and they offer extensive leverage that can reach up to a huge 1000:1 depending on where you are trading from. This can really help in attracting experienced traders while the low minimum deposit starting from just $5 can be excellent for newer forex traders. This minimum deposit will be $200 if you are opening an ECN account. Trading with FXTM takes place through the respected MT4 as well as MT5 trading platforms, and you will have a wide range of account types to choose from, 6 in total, 3 of which are dedicated to ECN trading.
Platforms: MT4 Desktop, MT4 Web, MT5 Desktop Regulations: Financial Services Commission of Mauritius Minimum Deposit: 250
GO Markets was established in Australia in 2006 as a provider of online CFD trading services. Our client’s trading journey is very important to us, and as such we are always committed in refining our technology, tailored services and client education. For over a decade, as the industry and clients’ expectations keep evolving, we have positioned ourselves firmly as a trusted and leading Australian regulated broker.
GO Markets currently offers a spread-based and a commission-based trading account. We have more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities. Widely recognised as the first MT4 broker in Australia, we have since added MT5, mobile trading and a web-based platform to our suite of trading platforms.
Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC Minimum Deposit: 250
FP Markets are another top Australian broker with a very stellar reputation when it comes to ECN STP trading. They have been in the industry since 2005 and have advanced a great deal during that time thanks to their true no dealing desk approach providing the best prices. They are also regulated by the very well-trusted ASIC and CySEC helping you feel very secure as a trader with this broker.
The satisfaction you will feel as a trader with FP Markets is no doubt well boosted by the very low spread you can take advantage of here. This remains very low at only 0pips and with the efficient ordering style and liquidity meaning you will never miss a beat in the market. Trading is available through the best of platforms in MT4 and MT5, and the minimum deposit here stands at excellent value of just $100.
Platforms: MT4 Dekstop, MT4 Web Regulations: FSA, FCA, CFTC, MIFID-ESMA, IIROC, SFC Minimum Deposit: 250
One of the biggest forex brokers in the world, but predominantly known in the United States, and much less in Europe and the rest of the world. Forex.com (owned by the Gain Capital company) is therefore one of the few to accept American customers and provide a state-of-the-art ECN platform, called GTX Direct. Along with being in prime position to welcome US forex trading, Forex.com is also well-regulated by both the FCA and ASIC, providing fixed spreads on commodities trading.
Traders can be attracted by the availability of fixed spreads, but more so by the very appealing, low minimum deposit of just $50 to get started in trading a huge choice of more than 90 forex currency pairs where the starting spread is a fantastic value 0.1 pips and there are more than 300 other markets available in indices, shares, and crypto. Trading choice to suit everyone.
Platforms: Mirror Trader, Proprietary Web Platform Regulations: FSA, FINMA, FCA, MIFID-ESMA Minimum Deposit: 100
One of the largest, if not the largest Swiss forex broker. Dukascopy Bank SA is, in effect, a bank more than a broker, so much so that it is regulated as such. Through the Dukascopy platforms you can access one of the largest ECN pools in the world, the Swiss Foreign Exchange Marketplace, where banks, hedge funds, institutional funds and large investors participate. This large scale operation you would think comes at a cost, but the minimum deposits here start from only $100, though they can reach $1,000 or even $100,000 depending on the area.
The cost of trading remains excellent too, with the spread starting from an extremely low 0.1 pips. The combination of an affordable deposit and very low spread have also made it a top forex scalping choice among traders that has further been boosted by the availability of a $100 welcome bonus depending on your location.