|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|Standard||None||1 lot||1:100||1 pips|
MarshalFX provides just one type of live trading account, which we called “Standard” for convenience. The broker also provides a free demo account with up to $100 000 for testing purposes.
The broker offers trading in forex and CFDs on commodities.
|Forex Trading Horizon||UK||No|
MarshalFX is an unregulated broker. The information about it is rather scarce and we could not find customer reviews whatsoever. The broker does not have a presence in the social media either. On one hand no customer complaints is a good thing, but on the other, it seems as if the broker does not have many clients and we suggest you seek another, more known broker.
Either way, it is highly advisable to avoid unregulated brokers and choose properly supervised companies, like those by UK's FCA or the Australian Securities and Investment Commission (ASIC).
Like most brokers across the world, MarshalFX offers MetaTrader 4 (MT4) as a trading platform. There is only the desktop and mobile version of the software. Unfortunately, the broker does not offer the web 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.
We could not find any information about how MarshalFX's clients can fund their accounts. We find this rather strange, as this is essential information present at the sites of the vast majority of brokers. Most likely the info is given only to those who sign up for a real trading account.
First and foremost, MarshalFX is an unregulated broker, which is a significant drawback. Another minus is the scarce information about the company and this leaves the impression that it either has something to hide, or is rather unprofessional. Either of the two does not make it very attractive.
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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.
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.
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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.
FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|UK, Australia||FCA, ASIC||MT4, Web,
|UK, Cyprus, Hong Kong||FCA, CySEC, SFC||MT4, Web,
|Cyprus, Australia||CySec, ASIC||MT4, Web||$100||Review Website|
|UK, Australia, Singapore||FCA, ASIC, MAS, BaFin||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|
|Cyprus||CySEC||MT4, Web||$25||Review Website|
|Belize||IFSC||MT4, MT5, Web||$1||Review Website|
|Cyprus||CySec||MT4, Web, Gwasy||$100||Review Website|