⚠️ CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor 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 your money. X

Brokers Supporting Forex Calendar

Updated June 21st 2024
Welcome to the most in-depth comparison table for the following brokers that support Forex Calendar :

The ForexReviews.nl comparison tool rigorously compares forex brokers on factors like fees, platforms, licenses, apps, spreads, and ratings. Filter and narrow down brokers to find the ones that best suit your preferences compared to its competitors.

Plus500 is a CFD provider and they offer CFD service. All the instruments, including the Forex pairs, are available for trading through CFD

How To Compare Additional Forex Brokers?

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Rating
Overall Rating 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4 4 4
Offering of Investments 4 4 4 4 4 4.5 4.5 3.5 4 5 3.5 5
Commissions & Fees 4 4.5 4.5 4.5 5 3.5 5 5 4 3.5 4 4.5
Platform & Tools 4 4.5 4.5 4 4 4.5 4.5 4 4 4 4 4
Research - - 4 4.5 - 4.5 4.5 4 4 3.5 4 4
Mobile Trading 4 4.5 4.5 4 5 4.5 4.5 4 4.5 4 4 4
Education - - 5 4 - 4 4.5 4 4 3 3.5 4
Trustpilot Reviews 551 12303 8253 2111 863 2105 10073 498 191 383 6530 14
Trustpilot Rating 3.2 4.1 4.7 4.4 4 3.7 4.3 3.6 3.9 4.2 4.5 4.3
Trustpilot Profile View View View View View View View View View View View View
Licenses
Tier 1 Licenses 2 0 6 2 1 - - - 2 - - -
Tier 2 Licenses 1 0 3 2 3 - - - 1 - - -
Tier 3 Licenses 1 0 0 1 1 - - - - - - -
Licenses - 10 9 - - 6 5 4 3 3 2 2
Investments
Forex Trading (Spot or CFDs) no
Forex Pairs (Total) 1429 65 65 62 57 78 124 63 70 36 40 72
Tradeable Symbols (Total) 55 2800 5500 2342 6010 472 3119 725 2249 12000 229 26000
U.S. Stock Trading (Non CFD) no no no no no
Int'l Stock Trading (Non CFD) no no no no
Social Trading / Copy Trading no no
Cryptocurrency (Physical) no no no no no no no no no no no
Cryptocurrency (CFD) no
Crypto Pairs (CFD) 58 5 16 9 46 34 - - 28 - - 10
Assets
CFDs
ETFs no no no no no no no no
Forex
Indices no no no
Shares no no no no no no
Commodities no no no
Oil Trading no no
Licensing Jurisdiction
ASIC Authorised (Australia) no no no no no no no
IIROC Authorised (Canada) no no no no no no no no no no no
SFC Authorised (Hong Kong) no no no no no no no no no no no
CBI Authorised (Ireland) no no no no no no no no no no no
FSA Authorised (Japan) no no no no no no no no no no
MAS Authorised (Singapore) no no no no no no no no no no
FINMA Authorised (Switzerland) no no no no no no no no no no no
FCA Authorised (U.K.) no no no no no
CFTC Registered (USA) no no no no no no no no no no
FMA Authorised (New Zealand) no no no no no no no no no no
CBRC Authorised (China) no no no no no no no no no no no no
CySEC Authorised (Cyprus) no no no no no
SEBI Authorised (India) no no no no no no no no no no no no
Israel (ISA Authorised) no no no no no no no no no no
CBR Authorised (Russia) no no no no no no no no no
FSCA Authorised (South Africa) no no no no no no no no no no
SEC Authorised (Thailand) no no no no no no no no
DFSA / Central Bank Authorised (UAE) no no no no no no no no no no no
SCB Authorised (Bahamas) no no no no no no no no no no
FSC Authorised (Belize) no no no no no no no no no no no
FSA Authorised (Seychelles) no no no no no no no no no no no
CIMA Authorised (Cayman Islands) no no no no no no no no no no no no
BMA Authorised (Bermuda) no no no no no no no no no no no
FSC Authorised (British Virgin Islands) no no no no no no no no no no no no
FSC Authorised (Mauritius) no no no no no no no no no no no no
VFSC Authorised (Vanuatu) no no no no no no no no no no no no
Funding
Min. Deposit 5 100 0 0 0 1000 20 - 100 100 50 0
PayPal (Deposit/Withdraw) no no
Skrill (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
Bank Wire (Deposit/Withdraw)
Webmoney (Deposit/Withdraw) no no no no no no no no no no no no
Crypto Funding
Bitcoin (BTC) no no no no no no no no no no no
Litecoin (LTC) no no no no no no no no no no no
Ethereum (ETH) no no no no no no no no no no no
Tether (ERC20) no no no no no no no no no no no
Tether (TRC20) no no no no no no no no no no no
Dogecoin (DOGE) no no no no no no no no no no no
Trading Platforms
Proprietary Platform no no no no no
Desktop Platform (Windows) no
Desktop Platform (Mac) no no no no no no no no no no no
Web Platform
Social Trading / Copy Trading no no
Mobile App (Android) no no no
Mobile App (iOS) no no no
Trading Software
MetaTrader 4 (MT4) no
MetaTrader 5 (MT5) no no no
cTrader no no no no no no no no no no no
DupliTrade no no no no no no no no no no
ZuluTrade no no no no no no no no no no
Myfxbook no no no no no no no no no no no
VPS Trading no no no no no no no no no no no
Cost
Average Spread EUR/USD - Standard 1.6 - 0.92 0.77 1.07 - 0.67 0.51 1.51 1.40 0.98 0.827
All-in Cost EUR/USD - Active 0.8 - 0.61 0.87 1.04 - 0.67 0.31 1.27 - 0.82 0.827
Active Trader or VIP Discounts no no no
Inactivity Fee no no no no no no no no no no no
Execution: Agency Broker no no no no no no no no
Execution: Market Maker no no no no
Research
Daily Market Commentary
Forex News (Top-Tier Sources) no no
Autochartist no no no no no no no
Trading Central (Recognia) no no no no no no no no
Social Sentiment - Currency Pairs no no no
Economic Calendar no no no no
Education (Forex or CFDs)
Client Webinars no
Client Webinars (Archived) no
Videos - Beginner Trading Videos no
Videos - Advanced Trading Videos no no
Investor Dictionary (Glossary) no no no no
Tick History no no no no no no no no no no no no
Major Forex Pairs
GBP/USD no
USD/JPY no
EUR/USD no
USD/CHF no
USD/CAD no
NZD/USD no
AUD/USD no
Mobile Trading
Android App
Apple iOS App
Mobile Alerts - Basic Fields
Mobile Watchlist no
Watchlist Syncing no no no no no
Mobile Charting - Indicators / Studies 30 110 73 30 39 49 30 30 53 30 30 30
Mobile Charting - Draw Trendlines
Mobile Charting - Multiple Time Frames
Mobile Charting - Drawings Autosave no no no no
Forex Calendar
Trading Tools
Virtual Trading (Demo) no
Alerts - Basic Fields no no no no
Watchlists - Total Fields 7 9 7 7 8 10 6 7 6 7 7 7
Charting - Indicators / Studies (Total) 30 110 80 15 39 49 83 30 53 30 30 30
Charting - Drawing Tools (Total) 15 21 13 30 32 275 18 15 25 15 15 15
Charting - Trade From Chart no no no
Charts can be saved no no no no
Spread
Stocks - - - - - - - - - - - -
Currencies - - - - - - - - - - - -
Indices - - - - - - - - - - - -
Commodities - - - - - - - - - - - -
Max. Leverage
Overall Max. Leverage 1:888 1:300 1:400 - - 1:100 1:30 1:500 - 1:2000 1:500 1:500
Stocks - 1:20 - - - - - - - - - -
Currencies - 1:300 - - - - - - - - - -
Indices - 1:150 - - - - - - - - - -
Commodities - 1:150 - - - - - - - - - -
Features
Scalping no no no no no no
Hedging no no no no no no no no
Trailing Stops no no no no no no no
Guaranteed Stop Loss no no no no no no no no no no
Guaranteed Limit Orders no no no no no no no no no no no
Guaranteed Execution no no no no no no no no no no no no
Negative Balance Protection no no no no no no no no no
One-click Execution no no no no no no no
Interest on Margin no no no no no no no no no no no no
Demo Account no no no no no no no no no no
Web-based Trading no no no no no no no
Mobile Native App Trading no no no no no no no
Islamic Account no no no no no no no no no
Zero Spreads no no no no no no no no no
Regulation
Trust Score 90 99 93 93 96 - 87 83 90 71 70 77
Year Founded 2009 2008 2006 2010 2002 1996 2016 2014 2006 2009 2011 2014
Compensation Fund 20000 20000 20000 85000 20000 - 20000 - - 20000 20000 15000
Publicly Traded (Listed) no no no no no no no no no
Bank no no no no no no no no no no no
Authorised in European Union no no no
Member of The Financial Commission no no no no no no no no no no
The Financial Commission Profile - - - View - - - - - View - -
VerifyMyTrade Audit - - - - - - - - - View - -
Public Disclosures
Financial Statements - View View - View View - - View - View -
Management Team - View View - View View - - View - - -
Support
Email Support no no no no no no no
Phone Support no no no no no no no no no no no
SMS Support no no no no no no no no no no no no
Live Chat no no no no no no no no no no no
Support Hours 24/7 - - - - - - - - - 24/7 -
Community
Monthly Website Visitors 11.6 M 7.1 M 750 K 677 K 6.5 M 456 K 2.4 M 607 K 662 K 5.2 M 3.5 M 312 K
X Subscribers 115 K 89 K 18 K 32 K 4 K 27 K 218 K 0 36 K 25 K 37 K 11 K
Youtube Subscribers 104 K 44 K 23 K 229 K 6 K 20 K 194 K 0 45 K 9 K 1.0 M 9 K

Can you trust XM?

  • XM was founded in 2009.
  • XM does not operate a bank and is not publicly traded.
  • XM is authorised to operate in the 🇪🇺 European Union.
  • XM is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).
  • XM is licensed by the 🇬🇧 FCA (UK).
  • XM is registered by the 🇺🇸 CFTC (USA) .

Is XM authorised to operate in the US?

✅ Yes, XM is CFTC Registered (USA) which means that you are allowed to trade on their platform if you are based in the United States.

What licenses does XM have to operate?

XM is authorised by the following regulators: ASIC Authorised (Australia), FCA Authorised (U.K.) , CFTC Registered (USA) , CySEC Authorised (Cyprus) and SCB Authorised (Bahamas) .

Does XM publicly discloses their financial statements?

❌ No, unfortunately XM does not list their financial statements publicly on their website.

Does XM offer trading software like Meta Trader?

✅ Yes, you can trade on XM using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their web trading platform .

Does XM provide a mobile native app?

✅ Yes, you can trade XM on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust Plus500?

  • Plus500 was founded in 2008.
  • Plus500 does not operate a bank and is publicly traded.
  • Plus500 is authorised to operate in the 🇪🇺 European Union.
  • Plus500 is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).
  • Plus500 is licensed by the 🇬🇧 FCA (UK).
  • Plus500 is registered by the 🇺🇸 CFTC (USA) .

Is Plus500 authorised to operate in the US?

✅ Yes, Plus500 is CFTC Registered (USA) which means that you are allowed to trade on their platform if you are based in the United States.

What licenses does Plus500 have to operate?

Plus500 is authorised by the following regulators: ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FCA Authorised (U.K.) , CFTC Registered (USA) , FMA Authorised (New Zealand), CySEC Authorised (Cyprus), Israel (ISA Authorised), CBR Authorised (Russia) and SEC Authorised (Thailand) .

Does Plus500 publicly discloses their financial statements?

✅ Yes, you can view the financial statements of Plus500 online

Does Plus500 offer trading software like Meta Trader?

Plus500 provides their own proprietary platorm .

Does Plus500 provide a mobile native app?

✅ Yes, you can trade Plus500 on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust AvaTrade?

  • AvaTrade was founded in 2006.
  • AvaTrade does not operate a bank and is not publicly traded.
  • AvaTrade is authorised to operate in the 🇪🇺 European Union.
  • AvaTrade is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).

Is AvaTrade authorised to operate in the US?

❌ No, AvaTrade is not authorised to operate in the United States.

What licenses does AvaTrade have to operate?

AvaTrade is authorised by the following regulators: ASIC Authorised (Australia), IIROC Authorised (Canada), CBI Authorised (Ireland), FSA Authorised (Japan), CySEC Authorised (Cyprus), Israel (ISA Authorised), CBR Authorised (Russia), SEC Authorised (Thailand) and BMA Authorised (Bermuda) .

Does AvaTrade publicly discloses their financial statements?

✅ Yes, you can view the financial statements of AvaTrade online

Does AvaTrade offer trading software like Meta Trader?

✅ Yes, you can trade on AvaTrade using MetaTrader 4 (MT4), MetaTrader 5 (MT5), DupliTrade and ZuluTrade trading software as well as through their proprietary trading platform .

Does AvaTrade provide a mobile native app?

No, AvaTrade does not provide a native app for mobile. However, you can access the AvaTrade web platform on mobile for trading.

Can you trust Pepperstone?

  • Pepperstone was founded in 2010.
  • Pepperstone does not operate a bank and is not publicly traded.
  • Pepperstone is authorised to operate in the 🇪🇺 European Union.
  • Pepperstone is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).
  • Pepperstone is licensed by the 🇬🇧 FCA (UK).

Is Pepperstone authorised to operate in the US?

❌ No, Pepperstone is not authorised to operate in the United States.

What licenses does Pepperstone have to operate?

Pepperstone is authorised by the following regulators: ASIC Authorised (Australia), FCA Authorised (U.K.) , CySEC Authorised (Cyprus), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE) .

Does Pepperstone publicly discloses their financial statements?

❌ No, unfortunately Pepperstone does not list their financial statements publicly on their website.

Does Pepperstone offer trading software like Meta Trader?

✅ Yes, you can trade on Pepperstone using MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and DupliTrade trading software as well as through their web trading platform .

Does Pepperstone provide a mobile native app?

✅ Yes, you can trade Pepperstone on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust XTB?

  • XTB was founded in 2002.
  • XTB does not operate a bank and is publicly traded.
  • XTB is authorised to operate in the 🇪🇺 European Union.
  • XTB is licensed by the 🇬🇧 FCA (UK).

Is XTB authorised to operate in the US?

❌ No, XTB is not authorised to operate in the United States.

What licenses does XTB have to operate?

XTB is authorised by the following regulators: FCA Authorised (U.K.) , CySEC Authorised (Cyprus), CBR Authorised (Russia), SEC Authorised (Thailand) and SCB Authorised (Bahamas) .

Does XTB publicly discloses their financial statements?

✅ Yes, you can view the financial statements of XTB online

Does XTB offer trading software like Meta Trader?

✅ Yes, you can trade on XTB using MetaTrader 4 (MT4) trading software as well as through their proprietary trading platform .

Does XTB provide a mobile native app?

✅ Yes, you can trade XTB on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust Swissquote?

  • Swissquote was founded in 1996.
  • Swissquote operates a bank and is publicly traded.
  • Swissquote is authorised to operate in the 🇪🇺 European Union.
  • Swissquote is licensed by the 🇬🇧 FCA (UK).

Is Swissquote authorised to operate in the US?

❌ No, Swissquote is not authorised to operate in the United States.

What licenses does Swissquote have to operate?

Swissquote is authorised by the following regulators: SFC Authorised (Hong Kong), MAS Authorised (Singapore), FINMA Authorised (Switzerland) and FCA Authorised (U.K.) .

Does Swissquote publicly discloses their financial statements?

✅ Yes, you can view the financial statements of Swissquote online

Does Swissquote offer trading software like Meta Trader?

✅ Yes, you can trade on Swissquote using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their proprietary trading platform .

Does Swissquote provide a mobile native app?

✅ Yes, you can trade Swissquote on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust Capital.com?

  • Capital.com was founded in 2016.
  • Capital.com does not operate a bank and is not publicly traded.
  • Capital.com is authorised to operate in the 🇪🇺 European Union.
  • Capital.com is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).
  • Capital.com is licensed by the 🇬🇧 FCA (UK).

Is Capital.com authorised to operate in the US?

❌ No, Capital.com is not authorised to operate in the United States.

What licenses does Capital.com have to operate?

Capital.com is authorised by the following regulators: ASIC Authorised (Australia), FCA Authorised (U.K.) and CySEC Authorised (Cyprus) .

Does Capital.com publicly discloses their financial statements?

❌ No, unfortunately Capital.com does not list their financial statements publicly on their website.

Does Capital.com offer trading software like Meta Trader?

✅ Yes, you can trade on Capital.com using MetaTrader 4 (MT4) trading software as well as through their proprietary trading platform .

Does Capital.com provide a mobile native app?

No, Capital.com does not provide a native app for mobile. However, you can access the Capital.com web platform on mobile for trading.

Can you trust Tickmill?

  • Tickmill was founded in 2014.
  • Tickmill does not operate a bank and is not publicly traded.
  • Tickmill is not authorised to operate in the 🇪🇺 European Union.

Is Tickmill authorised to operate in the US?

❌ No, Tickmill is not authorised to operate in the United States.

What licenses does Tickmill have to operate?

Tickmill is authorised by the following regulators: .

Does Tickmill publicly discloses their financial statements?

❌ No, unfortunately Tickmill does not list their financial statements publicly on their website.

Does Tickmill offer trading software like Meta Trader?

✅ Yes, you can trade on Tickmill using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their web trading platform .

Does Tickmill provide a mobile native app?

✅ Yes, you can trade Tickmill on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust FxPro?

  • FxPro was founded in 2006.
  • FxPro does not operate a bank and is not publicly traded.
  • FxPro is authorised to operate in the 🇪🇺 European Union.
  • FxPro is licensed by the 🇬🇧 FCA (UK).

Is FxPro authorised to operate in the US?

❌ No, FxPro is not authorised to operate in the United States.

What licenses does FxPro have to operate?

FxPro is authorised by the following regulators: FCA Authorised (U.K.) and FSCA Authorised (South Africa) .

Does FxPro publicly discloses their financial statements?

✅ Yes, you can view the financial statements of FxPro online

Does FxPro offer trading software like Meta Trader?

✅ Yes, you can trade on FxPro using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their proprietary trading platform .

Does FxPro provide a mobile native app?

✅ Yes, you can trade FxPro on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust RoboForex?

  • RoboForex was founded in 2009.
  • RoboForex does not operate a bank and is not publicly traded.
  • RoboForex is not authorised to operate in the 🇪🇺 European Union.

Is RoboForex authorised to operate in the US?

❌ No, RoboForex is not authorised to operate in the United States.

What licenses does RoboForex have to operate?

RoboForex is authorised by the following regulators: FSC Authorised (Belize) .

Does RoboForex publicly discloses their financial statements?

❌ No, unfortunately RoboForex does not list their financial statements publicly on their website.

Does RoboForex offer trading software like Meta Trader?

✅ Yes, you can trade on RoboForex using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their web trading platform .

Does RoboForex provide a mobile native app?

✅ Yes, you can trade RoboForex on mobile using Mobile App (Android) and Mobile App (iOS).

Can you trust OctaFX?

  • OctaFX was founded in 2011.
  • OctaFX does not operate a bank and is not publicly traded.
  • OctaFX is authorised to operate in the 🇪🇺 European Union.

Is OctaFX authorised to operate in the US?

❌ No, OctaFX is not authorised to operate in the United States.

What licenses does OctaFX have to operate?

OctaFX is authorised by the following regulators: CySEC Authorised (Cyprus) and FSCA Authorised (South Africa) .

Does OctaFX publicly discloses their financial statements?

✅ Yes, you can view the financial statements of OctaFX online

Does OctaFX offer trading software like Meta Trader?

✅ Yes, you can trade on OctaFX using MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software as well as through their proprietary trading platform .

Does OctaFX provide a mobile native app?

No, OctaFX does not provide a native app for mobile. However, you can access the OctaFX web platform on mobile for trading.

Can you trust Blackbull?

  • Blackbull was founded in 2014.
  • Blackbull does not operate a bank and is not publicly traded.
  • Blackbull is not authorised to operate in the 🇪🇺 European Union.

Is Blackbull authorised to operate in the US?

❌ No, Blackbull is not authorised to operate in the United States.

What licenses does Blackbull have to operate?

Blackbull is authorised by the following regulators: FMA Authorised (New Zealand) .

Does Blackbull publicly discloses their financial statements?

❌ No, unfortunately Blackbull does not list their financial statements publicly on their website.

Does Blackbull offer trading software like Meta Trader?

✅ Yes, you can trade on Blackbull using MetaTrader 4 (MT4), MetaTrader 5 (MT5) and ZuluTrade trading software as well as through their web trading platform .

Does Blackbull provide a mobile native app?

✅ Yes, you can trade Blackbull on mobile using Mobile App (Android) and Mobile App (iOS).

Comparison & Key Differences

Which brokers offer social/copy trading?

The following brokers offer social/copy trading: XM, AvaTrade, Pepperstone, XTB, Swissquote, Tickmill, FxPro, RoboForex, OctaFX and Blackbull.

Best Brokers for Social/Copy Trading

Which brokers offer cryptocurrency (CFD) trading?

The following brokers offer cryptocurrency (CFD) trading: XM, Plus500, AvaTrade, Pepperstone, XTB, Capital.com, Tickmill, FxPro, RoboForex, OctaFX and Blackbull.

Best Brokers for Cryptocurrency (CFD)

Which brokers allow scalping?

The following brokers allow scalping: XM, AvaTrade, XTB, RoboForex, OctaFX and Blackbull.

Best Brokers for Scalping

Which brokers allow hedging?

The following brokers allow hedging: XM, XTB, OctaFX and Blackbull.

Best Brokers for Hedging

Which brokers provide Negative Balance Protection?

The following brokers provide Negative Balance Protection: XM, Plus500 and Blackbull.

Best Brokers with Negative Balance Protection

Which brokers offer a Demo Account?

Both XM and Tickmill offer a Demo Account on their platform.

Best Brokers Offering Demo Accounts

Which brokers offer an Islamic Account?

The following brokers offer an Islamic Account: XM, Tickmill and OctaFX.

Best Brokers Supporting Islamic Accounts

What does it matter which licenses a broker has?

Licenses allow brokers like XM, Plus500, AvaTrade, Pepperstone, XTB, Swissquote, Capital.com, Tickmill, FxPro, RoboForex, OctaFX and Blackbull to legally provide services in those countries or regions. By having permits from regulators globally, the broker is authorized to conduct business and operate globally.

These licenses and regulations are good for consumers because they hold these companies to high standards.

For example, licenses from:

  • ASIC in Australia,
  • FCA in the United Kingdom,
  • CFTC in the United States,
  • CySEC in Cyprus,
  • FSC in Belize

Require that XM, Plus500, AvaTrade, Pepperstone, XTB, Swissquote, Capital.com, Tickmill, FxPro, RoboForex, OctaFX and Blackbull follow rules around:

  • Keeping customer money safe
    Regulators make sure brokers keep client money separate from their own money. This stops brokers from spending customer money.
  • Providing clear fees and charges
    Regulators check that brokers show all fees to customers upfront. This helps customers understand and compare costs.
  • Resolving complaints fairly
    Regulators check brokers are dealing with customer complaints fairly. Brokers must have policies to fix complaints.
  • Guarding against fraud
    Regulators make rules so brokers check customer identities. This helps stop criminal activity. Regulators can punish cheating brokers.
  • Advertising honestly
    Regulators tell brokers what they can and can't say in ads. This stops brokers making false promises. Regulators can fine brokers who break ad rules.

Which brokers are authorised by ASIC, FCA, CFTC and CFTC?

AU's ASIC, UK's FCA and America's CFTC are considered global “gold standards” in rigorous consumer protection laws and enforcement policies.

  • ASIC (AU) Authorised - The following brokers are licensed by the ASIC (AU): XM, Plus500, AvaTrade, Pepperstone and Capital.com.
  • FCA (UK) Authorised - The following brokers are licensed by the FCA (UK): XM, Plus500, Pepperstone, XTB, Swissquote, Capital.com and FxPro.
  • CFTC (US) Authorised - Both XM and Plus500 are licensed by the CFTC (US).

CySEC in Cyprus follows the strict rules set by the European Union called MiFID. These MiFID rules were created to strongly protect investors.

  • CySEC (CY) Authorised - The following brokers are licensed by the CySEC (CY): XM, Plus500, AvaTrade, Pepperstone, XTB, Capital.com and OctaFX.

Which brokers are not registered with ASIC, FCA or CFTC?

  • Not registered with CFTC (US) - The following brokers are not licensed by the CFTC (US): AvaTrade, Pepperstone, XTB, Swissquote, Capital.com, Tickmill, FxPro, RoboForex, OctaFX and Blackbull.

    This doesn't necessarily have to be a red flag as some forex brokers make the choice to only have customers who live outside of the United States. They do not accept traders who live inside the U.S. The CFTC is the agency in the U.S. that oversees brokers for U.S. residents. Since these brokers don't have any U.S. customers, the rules and registration enforced by the CFTC does not apply to those brokers. The brokers are still responsible for following the local rules where their international customers live. But they do not have to register specifically with the U.S. agency (CFTC) because they do not serve traders who reside in the United States.

  • Not registered with ASIC (AU) - The following brokers are not licensed by the ASIC (AU): XTB, Swissquote, Tickmill, FxPro, RoboForex, OctaFX and Blackbull.

    Again, even though ASIC is known globally as having the strictest and most feared regulation of forex brokers, this doesn't always have to ring alarms. However, some brokers deliberately avoid Australia because ASIC aggressively examines brokers in detail and has very high standards of acceptable conduct. If ASIC finds brokers are badly mistreating customers or ignoring the strict rules, ASIC will punish them severely without waiting by issuing massive fines or shutting them down. Forex brokers know not to take ASIC rules lightly because ASIC is watching them closely and will come down hard on them if customers are harmed by their poor behavior.

  • Not registered with FCA (GB) - The following brokers are not licensed by the FCA (GB): AvaTrade, Tickmill, RoboForex, OctaFX and Blackbull.

Background Information

Difference between shares, equity indices and , individual stocks and etfs

The main differences between forex, shares, equity indices, individual stocks, and ETFs are:

  • Forex (Foreign Exchange) - Forex trading involves exchanging one currency for another in the foreign exchange market. Forex traders attempt to profit from fluctuations in currency exchange rates.
  • Shares - A share represents part ownership of a company. Owning shares entitles the shareholder to a portion of the company's assets and earnings.
  • Equity Indices - An equity index is a statistical measure of the performance of a basket of stocks representing a portion of the equity market. Examples include the S&P 500 and the Dow Jones Industrial Average. These indices track the overall performance of their underlying group of stocks.
  • Individual Stocks - An individual stock represents ownership in a single company. The return on an individual stock depends solely on that company's performance. Individual stocks carry higher risk but also the potential for higher returns compared to broader indices.
  • ETFs (Exchange Traded Funds) - An ETF is a collection of securities bundled together into a fund that trades on an exchange like a stock. ETFs can contain various asset classes but equity ETFs typically track an equity index, such as the entire stock market or a sector. ETFs offer diversification with the trading aspects of a stock.

Shares and individual stocks represent ownership in a single company, indices track groups of stocks, while ETFs are funds containing assets like stocks or indices that trade as a single security. The level of diversification, risk, and return potential differs across these asset classes.

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