1. XM

Founded in 2009, XM is a popular online trading company that has grown tremendously in recent years. Currently, it serves more than 2,400,000 clients from more than 196 countries and has 120 offices in which more than 450 employees work. To the benefit of clients, XM provides a wide range of educational resources and tools to enhance their knowledge and improve their trading acumen. XM’s customer support services are available in more than 30 languages.

Pros

• Well-regulated in top-tier financial markets
• Offers negative balance protection
• Provides trading ideas
• Low CFD fees
• Trading can be done with 1200 stock index CFDs and 57 currency pairs
• Account opening is quick and automated
• A minimum deposit is just $5

Cons

• The portfolio is mainly limited to Forex and CFD
• It doesn’t offer fundamental data

2. HotForex

A forex trading services broker, HotForex gives access to clients to trade in a variety of financial instruments, like shares, forex, cryptocurrencies, and indices. For those looking to trade in commodities, HotForex has a range of metals, energies, and agricultural options to choose from. HotForex has its headquarters in St. Vincent and Grenadines and is regulated by CySEC.

Pros

• Multiple trading platforms
• High leverage option
• Low spread accounts
• Multi-language and quick customer support
• Strong regulation
• Bonuses are available
• Offers a wide variety of trading instruments
• Educational resources and tools

Cons

• Does not accept clients from the US
• Bonuses are not provided for EU clients

3. Exness

Exness came into existence in 2008 as a forex broker and has so far managed to hold on to its own in the middle of a financial landscape that is constantly changing and competitive. Regulated by CySEC and FCA, Exness strives for delivering transparent and effective financial services to its clients. Some of its features, like the minimum deposit of $1, a competitive cost structure, MT4/MT5 trading platforms, 107 currency pairs to trade, etc give it an edge over other service providers on the market.

Pros

• Unlimited leverage
• Instant automated withdrawals 24/7
• Lowest spreads
• Free VPS hosting
• Stable trade execution
• Commission-free Standard accounts
• Options for trading with MT4 and MT5
• Options for trading in different financial instruments

Cons

• Supports only 7 cryptocurrency pairs and 40 stocks
• Services are not available for US citizens and residents

4. OctaFX

OctaFX is a St. Vincent and Grenadines-based online broker that is operational in more than 100 countries serving over 1,500,000 clients. To enhance the security of traders, OctaFX follows compliance with anti-money laundering (AML); the segregation of client deposits and provides negative balance protection. The broker offers traders the choice between MT4, MT5, and cTrader platforms to carry out their trading activities.

Pros

• Low minimum deposit
• Competitive spreads
• A wide range of services for copy traders
• Availability of MT4, MT5, and cTrader platforms
• Fast market execution
• Provides deep market liquidity
• Offers negative balance protection
• Offers demo account

Cons

• The amount of tradable assets is limited
• The stop-loss feature is not guaranteed
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5. EasyMarkets

EasyMarkets was established in 2001 with the sole intention of making trading facilities and features accessible to not just wealthy institutions and individuals but also to the general public that could invest just $25 as an initial deposit. Since then, the journey for the broker has been a spectacular one with it providing a dedicated trading platform through which users can trade in more than 200+ financial instruments using built-in analytical tools and features. Trading with EasyMarkets is secure and safe for all kinds of traders.

Pros

• Easy-to-use web platform
• Deal Cancellation feature
• Support MetaTrader 4
• No commissions
• No order slippage on the web platform
• Competitive fixed dealing spreads
• Negative balance protection
• Free guaranteed stop-loss feature

Cons

• Clients from certain countries, like the US are not accepted
• Some features do not work on MT4