Editor’s Verdict caters to both beginner and advanced traders. It presents its proprietary trading platform alongside MT4/MT5, a competitive commission-free pricing environment, and excellent order execution statistics. It offers a well-regulated trading environment, with the broker owned by the UK publicly listed company Playtech PLC, a constituent of the FTSE 250. Is the right broker for you?

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Deposit and withdrawal
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Asset selection
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Ease of account opening
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Regulation and security
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  • Competitive commission-free Forex fees from 0.6 pips

  • Well-balanced choice of trading instruments with 2,200+ CFD Assets

  • Competitive proprietary trading platform alongside MT4/MT5

  • Excellent Customer Support

  • Commodities and indices fees higher than Forex costs

Overview - A well-regulated broker with competitive trading tools

HeadquartersUnited States
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established2008
Execution Type(s)Market Maker
Minimum Deposit$100
Trading Platform(s)Proprietary platform
Average Trading Cost EUR/USD0.7 pips
Average Trading Cost GBP/USD1.1 pips
Average Trading Cost WTI Crude Oil$0.05
Average Trading Cost Gold$0.30
Average Trading Cost Bitcoin$51.50
Retail Loss Rate79.90%
Minimum Raw SpreadsNot applicable
Minimum Standard Spreads0.6 pips
Minimum Commission for ForexCommission-free
Funding Methods8+(bank wires, credit/debit cards, Skrill, Neteller, PayPal, iDEAL, and Sofort)
Islamic Account
US Persons Accepted?
Managed Accounts

The proprietary trading platform is ideal for manual traders, but I like that MT4/MT5 are equally available for algorithmic and copy traders.

Key Takeaways:

  • Excellent range of asset selection with more than 2,200 CFDs.
  • Competitive commission-free CFD pricing environment and high leverage.
  • High-quality trading tools.
  • The retail loss rate for CFD traders is 80%, ranking among the best in the industry. Main Features

Retail Loss Rate
Minimum Raw Spreads
Not applicable
Minimum Standard Spreads
0.6 pips
Minimum Commission for Forex
Commission for CFDs/DMA
Commission Rebates
Minimum Deposit
Demo Account
Managed Account
Islamic Account
Inactivity Fee
$10 monthly after 90 days
Deposit Fee
Withdrawal Fee
Funding Methods
8+ Regulation and Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. presents clients with five regulated entities, including more than one top-tier regulatory regime.

Country of the RegulatorAustralia, Cyprus, United Kingdom, British Virgin Islands, South Africa
Name of the RegulatorASIC, BVIFSC, CySEC, FCA, FSCA
Regulatory License Number607305, 092/08, 424008, SIBA/L/14/1067, 46860


  • The Cyprus subsidiary offers an investor compensation fund up to 90% or €20,000 of deposits.
  • UK-based traders get a compensation fund up to £85,000 through the FSCS.
  • A $1,000,000 insurance coverage exists for all traders at,as well as negative balance protection.
  • is owned by a publicly listed company in the UK and as such is legally required to adhere to strict capital requirements and financial auditing. is one of the most secure and highly regulated brokers in the industry. Spread betting is available through the UK subsidiary, while investors are best serviced from the Cyprus unit.

image Fees

Average Trading Cost EUR/USD0.7 pips
Average Trading Cost GBP/USD1.1 pips
Average Trading Cost WTI Crude Oil$0.05
Average Trading Cost Gold$0.30
Average Trading Cost Bitcoin$51.50
Minimum Raw SpreadsNot applicable
Minimum Standard Spreads0.6 pips
Minimum Commission for ForexCommission-free
Deposit Fee
Withdrawal Fee

I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. offers one cost structures:

  • Commission-free Forex trading costs start at 0.6 pips or $6.00 per 1 standard lot.


  • implements lower trading costs for CFD trading in its proprietary trading platform than it does through its MT4/MT5 trading platforms.
  • UK-based traders may be able to minimize tax liability on profits by using spread betting and should favor it over CFD trading.

Here is a screenshot of the live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.


What is missing at

The average trading costs for the EUR/USD in the commission-free account:

Average Spread
Commission per Round Lot
Cost per 1 Standard Lot
0.6 pips


  • It ranks on par with commission-based pricing environments at ECN brokers where traders get raw spreads from 0 pips for a commission of $6.00, not considering volume rebates which usually apply.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.



  • adds different financing charges based on asset class, where Forex and indices remain the cheapest at 3.75% and share CFDs the most expensive at 11.00%.
  • Overnight financing costs are transparent but relatively high at

MT4/MT5 traders can access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free account.

Taking a 1 standard lot buy/sell position, in the EUR/USD at the average spread and holding it for one night will cost the following:

Minimum Spread
Commission per Round Lot
Swap Long
Swap Short
Total Trading Costs
0.6 pips
0.6 pips

Taking a 1 standard lot buy/sell position, in the EUR/USD at the average spread and holding it for seven nights will cost the following:

Minimum Spread
Commission per Round Lot
Swap Long
Swap Short
Total Trading Costs
0.6 pips
0.6 pips

My additional comments concerning trading costs at

  • Inactivity fee of $10 monthly after 90 days
  • Currency conversion fee of 0.60%

What Can I Trade on presents traders with an excellent choice of trading instruments. Traders are offered a choice of more than 2,200 CFDs for a well-balanced and diverse asset list spanning nine classes. With 27 cryptocurrency CFDs, ranks among the brokers with a more in-depth choice for this maturing asset. I also like the in-house constructed themed portfolios labeled blends.

The broker also offers an extensive set of share CFDs, global indices and more. To support its large offering, also provides trading tools so that traders can assess the financial products from different scopes using fundamental, technical as well as sentimental analysis tools.

The overall asset selection depends on the entity and trading platform used. Please note that UK-based retail traders cannot trade Cryptocurrency CFDs due to regulatory restrictions.

Additionally, Spread Betting is only available for clients residing in the UK (FCA-regulated).

Asset List and Leverage Overview

Currency Pairs
Crude Oil
Equity Indices
Stocks (non-CFDs)
Synthetics Leverage

Forex traders operating through the British Virgin Islands as well as the South African subsidiaries get maximum leverage of 1:300. I recommend it for active traders as it presents more overall trading flexibility, which directly impacts profitability.

Other things I want to note about leverage:

  • The maximum leverage available depends on the sector and individual asset traded.
  • Negative balance protection exists, ensuring traders can never lose more than their deposit.
  • All other subsidiaries except the BVI and the South African, limit maximum Forex leverage to 1:30 due to regulatory restrictions. Trading Hours (GMT-2 Server Time)

Asset ClassFromTo
CommoditiesSunday 22:00Friday 20:59
Crude OilSunday 22:00Friday 20:59
GoldSunday 22:00Friday 20:59
MetalsSunday 22:00Friday 20:59
Equity IndicesSunday 22:00Friday 20:59
StocksMonday 13:31Friday 19:59
BondsSunday 22:01Friday 20:59
ETFsMonday 13:31Friday 19:59


  • Equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

I recommend the following steps for MT4/MT5 traders to access trading hours:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Sessions. Account Types offers one main account type : the Standard account. All subsidiaries have a professional account option, nevertheless, clients will need to meet certain criteria to be eligible for this account type. that can be found under ‘Professional Trading’ on the website.

Traders must decide between the following:

  • Are they interested in short-term trading?
  • Do they prefer a long-term approach?

My observations concerning the account types:

  • Traders requiring the MT4/MT5 infrastructure must accept higher trading costs outside of Forex, creating natural bias in favor of the proprietary trading platform and manual trading.
  • UK-based traders should opt for the tax-free spread betting account.
  • MAM/PAMM accounts for traditional retail account management are not available.
  • offers corporate and Islamic accounts.
  • Scalping is allowed.
  • allows traders to place buy-stop or sell-stop orders within one hour before the release of financial data related to an asset.
  • Traders cannot use an Expert Advisor or auto trading to identify instances of off-market pricing.
  • allows arbitrage trading on prices offered across its trading platforms, possibly confirming different pricing environments based on trading platforms.

My recommendation:

  • CFD traders get the best trading conditions in the account through the British Virgin Islands branch.

image Demo Account offers unlimited demo accounts,each equipped with $10,000 in virtual funds which I find best for testing EAs or different trading strategies. I want to caution that demo trading may promote wrong trading behaviour for beginner traders, especially if the account balance is excessive. It can also create unrealistic trading expectations.

My recommendation:

  • MT4/MT5 offers you the choice to select the nominal starting balance of the demo account, and traders should select a balance amount close to what they plan to deposit into a live account for the sake of authenticity. Trading Platforms

Traders get the proprietary trading platform, which is available as a web-based trading platform, as well as a mobile app for Android and iOS devices.

Both come equipped with quality trading tools consisting of:

  • Bloggers Opinions
  • Hedge Funds Investment Confidence
  • Insider Trades
  • Trading Analyst Recommendations
  • Trends In Trading
  • Signals
  • Related Instruments
  • Advanced Charting
  • Financial Commentary
  • Advanced Alerts
  • Thomson Reuters Stock Report

I like that also offers the MT4/MT5 trading platforms which are useful for algorithmic and copy trading. They are available as a desktop client, a web-based alternative, and a mobile app.

What is missing?

  • MT4/MT5 add-ons are available.
  • VPS hosting is not available.

My observations:

  • Traders who rely on EAs must use the MT4/MT5 desktop client.
  • MT4/MT5 support algorithmic and copy trading.
  • Manual traders will benefit from the proprietary trading platform.
  • Available assets and trading costs vary between trading platforms, favoring proprietary ones over MT4/MT5.

Overview of Trading Platforms

Proprietary Platform
Automated Trading
Guaranteed Stop Loss
One-Click Trading
OCO Orders
Interest on Margin Unique Features offers a CFD Trading Calculator that enables traders to calculate their hypothetical Profit & Loss on any asset class/instrument had they opened a trade at a specific moment. Additionally, offers an extensive set of trading tools including Fundamental, Technical and Sentimental analysis mechanisms to help traders while conducting their research.

I also want to note the positive execution statistics at, with 79% of orders experiencing zero or positive slippage for 2020. It is down from 86% reported for 2019 and dipped to 69% for 2021 year-to-date, but remains transparent about its order execution statistics. Fortunately for very short-term traders, allows scalping.

Research and Education

Besides the quality trading tools, publishes market commentary analytics on its Insights Trading Blog and under Expert Opinions. The daily written content covers a wide range of financial topics in a well-presented format.

XRay, the personalized financial live-stream service of, presents beginner traders with the best value. Free webinars are also available, but the overall educational value remains sub-standard.

I advise traders to seek additional information from trusted third parties free of charge for a more comprehensive overall educational approach. Given the availability of quality education elsewhere, traders should not consider the absence of a quality learning portal as a negative.

Key points:

  • maintains quality trading tools with educational value.
  • The in-house research presents valuable insights.
  • XRay is a well-presented service.

My recommendations:

  • MT4 has thousands of EAs, and traders may explore them to determine if they suit their trading style.
  • Traders can also access numerous free research available online.
  • Before trading at, beginner traders should seek quality education elsewhere.

Customer Support

Customer Support Methodsemail-support chat-support
Support Hours24/5
Website Languages
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • German
      • Other
      • Dutch
      • Danish
  • Multilingual Customer support is available 24/5, and the FAQ section answers the most common questions.


    Since explains its products and services well and usually ensures flawless operations, almost all traders will probably not require customer support. also features a Fraud Watch to inform and alert traders of fake websites and spoof e-mails. Traders also get a dedicated complaints section.

    My recommendations:

    • Traders should read the FAQ section before reaching out to a customer service representative.
    • For non-urgent questions, I recommend live chat.
    • provides phone support, ideal for urgent issues.

    Bonuses and Promotions

    Incentives and loyalty rewards are offered to clients that trade through the South African and BVI entities. Opening an Account

    I like the swift account opening process at, which typically takes less than 10 seconds. Traders must only provide their e-mail and their desired password. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document.​ Minimum Deposit

    The minimum deposit at is $100 or the currency equivalent. accepts deposits in the US Dollar, the Euro, the British Pound, and the South African Rand.

    It is essential to understand that the earnings potential of a portfolio depends on its balance.

    Traders considering the products and services this broker provides should positively evaluate the fourteen trading tools, which are well worth the reasonable minimum deposit requirement of $100. Many brokers ask for minimum deposits even higher than $100 but fail to deliver a competitive trading environment, placing in a superior competitive position. With the excellent product and services portfolio, including the cost structure, traders can earn more per transaction, justifying the $100 minimum deposit.

    Payment Methods offers bank wires, credit/debit cards, Skrill, Neteller, PayPal, iDEAL, and Sofort.

    Withdrawal options
  • Deposit options
  •​ Accepted Countries caters to most international traders and does not list country restrictions on its website. However, like almost all Forex brokers outside the USA, US-based clients cannot open trading accounts.

    image Deposits and Withdrawals

    All financial transactions take place in the secure back office of I would prefer a greater variety of deposit and withdrawal methods, ensuring traders have a choice to handle their finances effectively.

    My observations:

    • does not levy internal deposits or withdrawals cost, but third-party processing fees may apply.
    • A 0.60% currency conversion fee applies.
    • The minimum deposit is $100, but the minimum withdrawal amount ranges between $5 and $100, depending on the payment processor.
    • Withdrawal times depend on the payment processor, ranging from 24 hours to seven business days.
    • The geographic location and regulatory environment will dictate the available deposit and withdrawal methods.

    My recommendations:

    • Traders should ideally select the payment processor with the lowest fees.
    • I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available.
    • It is ideal to use an option besides the bank or credit/debit card used for day-to-day financial operations. Withdrawal Review

    The minimum withdrawal depends on the payment processor but mostly comes in at $10 or the currency equivalent.

    While does not levy internal withdrawal fees, third-party charges apply. Bank wires remain the most expensive method, and traders should use an alternate method if possible, except within the European Union, where they are considerably cheaper at only €20. Currency conversion costs are also incurred when the account base currency differ from that of the payment processor. Traders should carefully consider in which currency they wish their account.

    Despite the low minimum withdrawal amounts for most payment options, traders should refrain from micro-transactions. A withdrawal schedule can assist with it.

    Each deduction impacts the margin environment, and appropriate adjustments must follow. It is best to limit withdrawals to just one or two per year, and after the portfolio supports the desired revenue generation. It remains easier to withdraw $100 than to add the necessary capital to boost earnings by $100, a fact most retail traders ignore.

    Processing times remain efficient at The fastest method remains e-Wallets like Skrill, Neteller, and PayPal, where the processing time is instant and up to 24 hours. Credit and debit cards may take two to seven business days, while bank wires take two and five business days. Per anti-money laundering (AML) regulations, the name on the account and the payment processor must be identical. may require additional information before processing a withdrawal request. Should clients not receive their funds within the specified period, the support team can assist, available 24/5. The overall withdrawal process remains in line with well-established industry standards.


    Bottom Line

    I like the trading environment at for CFD traders. The asset selection is well-balanced, and the commission-free cost structure remains competitive for day traders, while swap rates on leveraged overnight positions are relatively expensive for longer-term traders. has implemented straight-through processing (STP) execution. The quality trading tools add appeal to this well-regulated and trusted broker. Broker Alternatives & Comparisons


    Is a good broker?

    expand.png presents a great asset selection complemented by a safe and secure trading environment. Two proprietary trading platforms, alongside the MT4/MT5, and an excellent selection of trading tools and quality research capabilities validate a top quartile of the industry placement.

    Is legit?

    Full compliance with five global regulators in conjunction with a transparent business model makes it a legit broker.

    How do you trade on

    Besides MT4 and MT5, CFD trading is available via

    What is the minimum deposit at

    A minimum deposit of $100 or a currency equivalent is required.

    Is suitable for new traders?

    A genuine educational division provides a basic introduction, while 60-minute webinars offer tremendous value to new traders. The in-house research provides fresh trading ideas, and the overall product and service choice makes it a suitable broker for new traders and seasoned professionals alike.

    How to open an MT4 account on

    After signing up for a trading account with, traders may select their trading platform in the secure back office.

    About the Author Team
    The team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.