Warning: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 62.2-89% of retail investor accounts lose money when trading CFDs. In addition, some parameters, such as margin, may change depending on market trends.
FxPro is among the best MetaTrader brokers, offering a variety of account options and execution techniques. The company offers its own unique FxPro Edge app for online and mobile devices, as well as access to the BnkPro and Invest online platforms.
Fully transparent and quality execution and some of the best terms in the industry
FxPro’s main drawback is its above-average pricing, which cannot compete with the cheapest forex brokers, even with the lowest spreads offered by the cTrader platform.
Pros:
- The minimum deposit is $100
- FxPro broker was founded in 2006 and is regulated in 4 jurisdictions of different levels, including FCA (Financial Conduct Authority) level 1 jurisdiction.
- Quality and fully transparent execution.
- Supports all types of accounts with different pricing
- Supports Meta Trader and cTrader platforms available for all devices, cTrader platform offers accounts with lower spreads.
- Convenient mobile application for working on the CFD market with fast and high-quality order execution. Available for iOs and Android.
- In 2024 FxPro became the best broker for algorithmic trading and today has more than 105 awards for excellence in the industry.
- Customer support 24/7 on multiple
Cons:
- Pricing is above average compared to brokers in its class.
- FxPro has fewer Forex and CFD symbols
Investment opportunities:
| Forex trading ( CFD or spot ) | Available |
| Forex pairs | 70 |
| US Stocks ( no CFD) | Not available |
| Stocks international trading | Available |
| Cryptocurrency ( derivative) | Available |
| Cryptocurrency ( without CFD) | Not available |
| Trading symbols | 2249 |
| Disclaimer | Retail traders from any broker’s UK business, as well as UK citizens (apart from professional clients), are not permitted to access cryptocurrency CFDs. |
Commissions and Fees
FxPro’s commissions are above average, there are variable and fixed spreads on MT4.
2.
XTB Online Trading is a reliable broker listed on the Warsaw Stock Exchange with a great experience. XTB is one of the first exchanges to introduce Forex trading in Poland.
XTB operates in the UK and Europe and is the fourth largest stock broker. The company was established in 2002, and in 2009 it went public on the Warsaw Stock Exchange under the ticker “XTB”.
The company’s financial statements are public and transparent. The mobile application and web platform are accessible and simple for both beginners and advanced users.
XTB is a CFD broker primarily, but also traders from Europe can trade stocks and ETFs without charging commissions.
The headquarters are located in London and Warsaw, and the company also has offices in European countries: Italy, Spain, Portugal, Germany, France, Czech Republic, Slovakia, Turkey, Hungary, Romania, Chile, Belize. XTB offers specialized service and provides round-the-clock customer support.
| The company’s products | Stocks and ETFs (for clients from Europe), CFDs (stocks, indices, commodities, cryptocurrencies (not UK), forex) |
| Class of trading commissions | Low |
| Commission for withdrawal of funds | $0 above 60 pounds |
| Commission for inactivity | Yes (after one year or 3 months of no deposit) |
| The minimum deposit | $0 |
| Time to open an account | 1 day |
| Replenishment of balance by bank card | Yes |
| Replenishment from electronic wallets | Yes |
| Trading platform | xStation5 |
| Demo account | Yes |
| Country of regulation | Great Britain, Poland, Dubai, Cyprus, Spain, Belize |
| Leverage | 1:30 |
| Regulation | FCA, FSC, CNMV, KNF |
Regulation and security:
XTB follows all requirements, has licenses, in particular FCA, the highest level license held by low risk trading brokers.
XTB clients can be assured of a high degree of protection for their trading.
XTB is a brokerage company in Europe that has the highest level FCA registration, which gives it the right to be called a low-risk trading broker.
XTB licenses:
XTB Limited – authorized by FCA (UK), license number 522157
XTB Limited – authorized by KNF (Poland)
XTB Sucursal – authorized by CNMV (Spain)
XTB International Limited (XTB) – authorized by FSC (Belize), license no: 000302/46
Protection
Advantages:
The company’s reputation, its extensive experience and reliability, as well as top-level licenses give every reason to consider XTB one of the safest brokers. The client’s account is protected in accordance with all rules and standards.
There is protection against negative balance.
The funds of XTB Limited clients are kept in a separate account, and undergo regular checks for compliance with the FCA license.
There is also FSCS protection of up to £85,000 per person if the company becomes insolvent.
Disadvantages :
XTB serves organizations in the offshore zone of Belize, however, this fact does not affect the security of the trading broker as a whole.
Due to the fact that the FCA regulated broker adheres to strict rules governing its activities, XTB has a high reputation and traders can be sure that trading takes place with a high degree of protection.
The only factor that makes it possible to determine the safety of the trading environment is the reputable regulator of the company. The FCA is a reliable and one of the most reputable regulators in the financial sector, thanks to which clients can count on the safety of the funds provided to them.
Opening an account
Opening an account is fast and affordable, taking 15 minutes. The account type is standard, it is the only account type at XTB. All trader costs are built into the spread.
In addition, there is an Islamic account for the category of traders who follow Sharia law.
Trading instruments
About 2100 world markets Forex, commodities, CFDs on stocks, ETFs, indices.
Trading CFDs on cryptocurrencies is carried out with a leverage of 1:2 and is not available to traders from the UK.
Minimum deposit
There is no minimum deposit, a trader can start trading on the platform even with $5
When opening an account with XTB, a trader chooses one of the base currencies: Euro, US dollars, pounds sterling, Polish zloty, Hungarian forint (HUF).
To deposit funds to the trading account, you can use a bank transfer, debit/credit card (without commission) or electronic wallets (SafetyPay, Neteller, Skrill/Paysafe). The commission for using an electronic wallet is 1-2%.
Withdrawal of funds
Withdrawals via bank transfers and credit cards are free in euros, US dollars and pounds sterling.
Withdrawals via Skrill e-wallets cost 2% of the deposit amount. Before withdrawing funds from the account, you must fill out your bank details and choose a bank to transfer funds.
Base currencies
Euro, US dollars, pounds sterling.
Leverage
For Forex instruments, the maximum leverage level is 1:30, and this is the optimal leverage level to reduce trading risks.
For international clients, higher leverage of 1:500 may be available, please check the official website for details.
For stocks and some other assets leverage is at 1:5 level.
Commissions
There are no deposit fees, nor are there any withdrawal fees.
If there is no activity on the account for 1 year, an inactivity fee of 10 euros per month is charged.
At the same time, trading conditions, which are regulated by the FCA and international offers will be different.
Bonuses are available for active traders. (only for international clients or professional traders)
Overnight commission is charged, the so-called funding rate or the cost of the swap.
The commission varies from one currency to another and is charged regardless of the trader’s position.
Spreads
The broker offers the lowest spreads and low or no transaction fees.
Typical spreads :
euro/dollar – 0.7 pips.
Gold spread – 0.35
BTC USD spread – 1%.
WTI crude spread – 0.03
Overall XTB spreads are low and quite competitive.
Advantages of XTB
XTB is one of the best Polish forex brokers with extensive experience since 2002.
It offers excellent entry and working conditions for users as well as excellent 24/5 customer support.
Beginning traders can learn with excellent training and research materials.
The platform is suitable for both day trading and CFD trading.
User account protection.
Disadvantages:
Lack of access to the MT4 platform in some jurisdictions. (we don’t have MT4 anymore)
No 24/7 customer support, there is a 24/5 (only UK 24/5 , all other countries has 24/7)
The broker’s terms and conditions may change according to the regulation and rules of the organization.
XTB Trading Platforms
XTB has 2 main platforms: its own xStation5 and MetaTrader 4(we don’t have meta trader anymore)
The xStation5 platform is excellent and has received many awards for transparency of trading, high speed, excellent charts and real time commentary.
Meta Trader 4 is a widely used international platform but not available in all regions. (we don’t have meta trader anymore)
Web platform
The web platform is fast and accessible and fully customizable. It offers many tools: advanced charts, calculators, technical analysis and discussion, mass order closing.
Desktop platform
Desktop platform has all the necessary workspaces that you can use from your smartphone, laptop, computer desktop, tablet and smart watch. Indispensable for intraday trading professionals. You can always see information about trading trends and market sentiment on the platform. There is also an option that checks and selects the best stocks.
Mobile platform
Customer Service
XTB support is fast, available 24 hours a day, support is in several international languages, and the answers are up-to-date and comprehensive.
Support is available 24/5 via email, international phone lines and chat.
Education
Provided through the Trading Academy.
XTB has developed a comprehensive educational program. Excellent video lessons and guides, as well as real-time market analysis and online webinars from the Trading Academy. Also available as part of the educational program is individual coaching and a development manager.
XTB has a very highly rated educational program, the broker receives data from the best sources.
Bottom line
XTB is one of the best brokers with great experience and a great reputation, offering an excellent base for traders.
XTB is a reliable broker that is regulated by reputable financial institutions and has an FCA license.
Low commissions, excellent education platform, excellent support team make XTB an excellent choice for beginners and experienced traders alike. The excellent reviews of the broker confirm this. The native platform xStation has proven itself with its ease of use and functionality.
3. 
Moneta Markets is a new brand of parent company Vantage Group that offers traders a suite of MetaTrader platforms, a basic web application and a mobile application.
Moneta Markets is part of the Vantage Group, licensed in two Tier 1 jurisdictions. Moneta Markets also has regulatory status in one Tier 3 jurisdiction.
The platform insures damages and provides regulatory support.
In addition to third-party platforms, MetaTrader has its own WebTrader and AppTrader platforms.
DupliTrade is available for social copy.
The process of opening an account with Moneta Markets is fast and completely digital.
At Moneta Markets you can choose from 8 base currencies. Moneta Markets does not charge any withdrawal fees for credit/debit cards and e-wallets, nor does it charge any deposit fees.
Moneta Markets has a great mobile trading platform, available for both iOS and Android, with very good functionality.
At Moneta Markets, you can only trade forex, CFDs and cryptocurrencies. Desktop trading platform Moneta Markets has a wide range of customization options, including building and editing charts.
The Moneta Markets News Feed is well worth a look. Quick live chat customer support is also offered.
In terms of education, in addition to the demo account, Moneta Markets has video courses through Market Masters and tutorials. However, there are no webinars.
Negative balance protection is provided by Moneta Markets, thanks to top-tier ASIC regulation. Moneta Markets is considered a medium risk company with an overall trust rating of 83 out of 99.
However, while there is room for improvement, the reliability of the platform is undeniable.
4. 
Pepperstone, a platform founded in 2010, is regulated in two Tier 1 jurisdictions, making it safe (low risk) for Forex and CFD trading. Confidence level 93 out of 99.
An account can be opened quickly, easily and completely digitally. The customer support service works efficiently and without delays. Depositing and withdrawing funds in most cases is free and easy. However, trading is limited to Forex and CFDs only (commodities, stock indices, stocks, cryptocurrencies).
Pepperstone provides several platform add-ons that enhance the MetaTrader experience.
Research at Pepperstone is better than the industry average, although it still lags behind leaders like IG or Saxo Bank.
Pepperstone offers a growing selection of trading markets.
Prices are competitive for active traders on Pepperstone Razor accounts, although trading costs for retail traders are just average.
There are several social copy trading platforms available.
Pepperstone does not have its own platform, however it is considered best in class for MetaTrader in 2022. The platform provides free access to MT4, MT5 and cTrader.
Opening an account with Pepperstone is easy, the process does not require a minimum deposit, convenient for the trader. Forex commissions are low and there are no fees for withdrawals or inactivity. However, CFD funding rates are high.
Platform users are offered trading ideas and daily market analysis.
Customer service is excellent, award-winning, fast and affordable, with 24/7 support.
Education deserves attention: there are webinars, instructional videos, demo accounts.
In addition to CySec, FCA, BAFIN, ASIC, DSFA and SCB regulation, the company shares customer funds with first tier banks. There are various financing offers depending on the requests of the clients.
As we see:
Pepperstone is the largest Metatrade platform with a high level of trust from clients, excellent education and special opportunities for professional traders.
Double Pepperstone offer for MetaTrader and cTrader is great for both algorithmic traders and copy traders.
Pepperstone complements the third-party MetaTrader platform by expanding its capabilities.
There are several social copy trading platforms available.
5.
Libertex is a CFD Broker regulated by the Cyprus Securities and Exchange Commission (CySEC) licence 164/12.
The broker keeps client funds separate and explicitly states its privacy policy.
Libertex offers trading with over than 250 underlying assets, including CFDs on currency pairs, around 50 of them; cryptocurrencies, 43 of them; commodities such as oil and gold. Libertex has some U.S. stocks and ETFs as well as 19 world indices.
All of the assets available on the platform are traded as CFDs (Contracts for Difference). Instead of owning the underlying asset, you own a contract that reflects the price difference of the asset.
Thus, using CFDs offers several advantages to traders:
- you can open both buy and sell trades,
- you do not have to think where to store the goods, if it is oil or gold, because CFDs give you the possibility to trade on the price difference right from the start.
- transparent trading conditions of contracts, no hidden commissions;
- it is possible to use the leverage up to 1:30 for retail clients, therefore the potential income increases, but the risk increases proportionally.
- Access to all underlying assets through one trading account.
Registration is very simple and accessible.
The minimum deposit to start with is just 100 euro.
Trading platforms
Libertex has three trading platforms: its own Libertex and MetaTrader 4 (MT5 as latest version as well). All platforms are available for websites and mobile devices. MetaTrader 4 and MetaTrader 5 is also available as a desktop application.
You can trade CFDs on forex, cryptocurrencies, stocks and commodities on the platform. The platform also has a full suite of charting and technical analysis tools.
MetaTrader platforms have a much more complete set of tools and indicators for your own technical research. Here you can set up alerts based on the set parameters and test your signals based on the price history of the currency pair.
Advantages of Libertex
Commission fees from 0.0003% spreads apply as well. Currently you can trade Crypto CFDs at zero commission fee (tight spreads apply).
This makes it easier to understand how much you’re paying to trade.
The ability to leverage transactions up to 30:1 for major currency pairs.
The platform offers a free demo account of 50,000 euros in play money, with which you can practice trading, with no risk.
Support
The Libertex platform offers their customer support from Monday to Friday from 8 a.m. till 6 p.m. CET via phone, chat and email.
If you have questions about your account, you can always find answers in the online knowledge base located on the platform.
Conclusions
Libertex is a high-quality online trading platform, providing the ability to trade CFDs on 50 currency pairs, 43 cryptocurrencies, and dozens of commodities. However, the set of currency pairs and stocks is far from complete and loses out to other brokers that have more trading possibilities.
Libertex offers, competitive and clear commission fees and very tight spreads, starting from 0.1 pip.
The benefits of CFDs (contracts for difference) can be fully exploited on the platform, taking into account the possible risks as well, of course.
Libertex is available for users from the EEA area and Switzerland.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investors accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money.
6. Exness
Exness is a global trading platform headquartered in Cyprus and with an office in the Seychelles.
It was founded in 2008 and is headquartered at Park Unit No.4 257 Jean Avenue, Centurion Gauteng, Johannesburg.
Regulated by CySEC, FSA, FCA, FSC, FSCA, Central Bank of Curacao and St. Maarten
Account Types: Standard Cent, Standard, Pro, Raw Spread, Zero.
The platform is used by 260,000+ traders
- Leverage: Maximum 1:2000
- Regulation: CySEC, FCA, SFSA, SIBA, BVI Financial Services Commission, Central Bank of Curacao
- Min deposit: 1 USD
- Platforms: MT4, MT5
- Deposit with Credit/Debit Account , Deposit with Crypto-currencies , Deposit with Qiwi , Deposit with Neteller , Deposit with Skrill , Wire Transfer Deposit/Deposit
- Languages of your account : Arabic, Malay, Bengali, Vietnamese, Hungarian, Czech, Dutch, Swedish, Filipino, French, German, Greek, Indonesian, Italian, Korean, Polish, Portuguese, Russian, Spanish, Thai.
- Proprietary VPS hosting with deposits starting from $500 USD.
- MT4, MT5, Zulu Trade platforms available.
- Available on desktop, mobile, web, iOS and android.
- CFDs FTSE spread 1.5 pips (var), GBP/USD spread 2.1 pips (var) Equity spread 0.1% Oil spread 0.05 pips (var).
- Forex Spread GBP/USD 2.1 pips (var), EUR/USD Spread 1.6 pips (var), EUR/GBP Spread 2 pips (var).
- There is a withdrawal fee.
- There is protection against negative balance.
- Tradable Assets 300+
Exness licenses:
- Exness (Cy) Ltd – authorized by CySEC (Cyprus) registration number 178/12.
- Exness (UK) Ltd – authorized by FCA (UK) registration number 730/729
- Nymstar Limited – authorized by SFSA (Seychelles) registration number CD 02
Nymstar Limited, a securities dealer registered in the Seychelles under registration number 8423606-1 and authorized by the Financial Services Authority (FSA) with license number SD 025. The registered office of Nymstar Limited is located at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. Exness BV, a securities intermediary registered in Curaçao under registration number 148698(0) and authorized by the Central Bank of Curaçao and St. Maarten (CBCS) with license number 0003LSI. The registered office of Exness BV is located at Emancipatie Boulevard Dominico F. “Don” Martina 31, Curaçao.
Venico Capital Limited is authorized by the Financial Services Commission (FSC) in the British Virgin Islands with registration number 2032226 and investment license number SIBA/L/20/1133. The registered office of Venico Capital Limited is located at Trinity Chambers, PO Box 4301, Road Town, Tortola, BVI.
Vlerizo (Pty) Ltd, authorized by the Financial Services Supervisory Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with registration number 2020/234138/07 and FSP number 51024.
- Exness welcomes traders from South Africa and is currently one of the fastest growing ZAR account brokers in South Africa.
Exness provides traders with low spreads from 0.1 pip and no hidden fees.
The trading platform provided is MT4 with the ability to trade multiple CFDs and futures on multiple markets.
Exness Customer Service is available 24/7 in thirteen different languages and keeps up-to-date with the latest developments in the world of trading.
Exness is one of the leading brokers that accept deposit amounts for ZAR accounts, depending on the account type.
In addition, Exness also cooperates with several organizations as an honorary sponsoring partner.
The Exness platform is a reliable broker and competitive in terms of its trading commissions, low spreads and first-time user bonus.
The platform has brokerage offices in the Seychelles, British Virgin Islands, UK, Cyprus, Curaçao and St. Maarten, South Africa.
The company has a multitude of capabilities for retail and corporate solutions, and Exness has won many awards as a retail brokerage with reliable brokerage services with a user-friendly trading environment.
Benefits of Exness:
- Regulated by the United Kingdom, Cyprus, Seychelles, South Africa, British Virgin Islands, Curacao and Mauritius
- Funds are kept in segregated accounts
- Dealing Center Broker
- Multiple trading platforms and 130+ currency pairs
- Tight spreads
- Metatrader platform, which provides comprehensive training, analysis and research
- Forex, Crypto-currencies, Metals, Indices and Energy Instruments.
- Demo account for education and research
- Minimal deposit – $10
- Base currencies – Euro and USD
- Education – Exness Academy with accessible training, basic and technical analysis, webinars, market news, web TV
- 24/7 customer support
- Low Trading fees
Disadvantages of Exness:
- No multi-currency accounts
- Offerings differ per jurisdiction
- The offering of products with Forex and CFD trading instruments is somewhat limited.
Security
Exness operates under the regulatory framework of each country approved by the FSCA South Africa and provides low-risk Forex and CFDs.
Exness offers traders leverage that can increase potential profits. The levels of leverage depend on the instrument that the trader trades and are determined by regulatory restrictions and the skill level of the trader.
ECN accounts have low spreads or commission and there are no financing fees, but there is a commission for inactivity. Overall, Exness pricing is at an affordable level.
Exness is a sponsor of the best soccer team in the world “Real Madrid” and soccer player Cristiano Ronaldo.
Exness users can participate in Forex trading contests and win valuable prizes.
Instant deposits and withdrawals can be made from the Exness platform with no fees, by using different electronic payment systems.
Deposit options :
- Major credit cards
- Bank wire transfers
- Electronic systems Neteller and Skrill
Overall Rating
91 out of 99
A good broker is much more than just a place to make trades, a good broker is one who helps you make successful decisions with skilled training and research. Customer support, speed and availability is very important. Some brokers have fast support 24/7 with live consultants, others can offer support only through email.
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