|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|Mini||$500||0.01 lot||1:500||4 pips|
|Standard||$1000||0.01 lot||1:500||4 pips|
|Gold||$5000||0.01 lot||1:500||3 pips|
FXCortex has three types of live trading accounts. There are also swap-free Islamic account with a leverage of up to 1:500 and fixed spread, a VIP account with special conditions and a free demo account.
|FXCortex Technology Limited||SVG||None|
FXCortex is owned by the offshore company FXCortex Technology Limited. The broker claims it is a licensed and regulated FSP with the offshore Financial Service Provider Commission (FSPC), but this entity does not provide any serious client protection and does not have much of requirements for its charges.
As a general rule, we advise our readers to avoid unregulated offshore brokers, as many of them are a scam. Not that dealing with the properly regulated brokers is without any risk, but at least the regulators provide some level of client protection and make sure their charges stick to their rules and requirements. Of course, some regulators are better than others, with UK's FCA and the Australian Securities and Investment Commission (ASIC) among the best.
FXCortex offers MetaTrader 4 as a trading platform, despite calling it FxCortex. The broker provides the desktop and mobile applications of the platform.
Unfortunately, the broker does not offer the browser version, which can be used for trading without downloading and installing any software.
MT4 has been around for over 10 years and it seems its popularity is not waning, at least for the time being. It is user friendly, has many options, charting and analysis tools and allows hedging and automated trading. Perhaps eventually its successor MetaTrader 5 will replace it, as the developer MetaQuotes Software said it is stopping support for MT4 in order to focus its resources on MT5.
FXCortex is just another offshore unregulated forex broker. There are hundreds like it and they are neither better, nor worse than it. The broker's trading conditions are not very impressive. First off, the deposit is rather high and then there are the spreads, which are wider than the industry average of 2 pips. Frankly, we could not find a single reason to recommend FXCortex.
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Cyprus, Hong Kong||FCA, CySEC, SFC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4, MT5||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5,
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|UK, Cyprus, Bulgaria||FCA, CySec, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, Web||$500||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|