|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|Micro||None||0.01 lot||1:200||2 pips|
|Standard||$1000||0.1 lot||1:100||2 pips|
|Pro||$5000||1 lot||1:200||2 pips|
Bulltraders has three real trading accounts. A demo account was supposed to be available for trying the web-based trading platform, but the attempts to open one end with the message “operation forbidden”.
|BT Technologies LTD||SVG||FSA, SVG|
Bulltraders is owned by the company BT Technologies Ltd, based in the offshore zone Saint Vincent and the Grenadines. The broker is supervised by the local Financial Services Authority (FSA), but the regulator is not known for its robust oversight. On the contrary, the offshore zones are generally known for their lax regulation and business rules and non-existent corporate taxes.
For those reasons the offshore zones are preferred mostly by two types of companies: crooks and those who want to cut financial corners. The latter is not necessarily a bad thing, but it is always better to choose a broker with robust regulation, like the one provided by UK's FCA or the Australian Securities and Investment Commission (ASIC).
It is worth noting that Bulltraders does not accept clients from the United States, Japan, Korea, Canadian provinces of British Columbia, Quebec and Saskatchewan, as well as other areas where these services can not be provided in connection with the existing restrictions of the legislation.
Bulltraders appears to have a proprietary platform – Bulltrader – developed by UTIP Technologies. It comes in versions for desktop, web and mobile devices.
The platform has numerous features and supports trading in forex, CFDs and binary options. It provides four order types, take profit and stop loss options, analysis tools, full trading reports, analysis and market quotations.
Unlike the majority of forex brokers, Bulltraders does not offer the popular MetaTrader 4 program.
Bulltraders has an extensive bonus program. The broker offers a standard 10% bonus for all new clients who request it and an up to $100 bonus for certain account types. There are also programs for bonuses on client deposits for pro accounts, which in essence is a monthly interest on deposits. The broker also offers non-deposit bonuses.
All bonuses are subject to conditions.
Bulltraders accepts client deposits through debit and credit cards and the internet wallet systems Orangepay, Cauri, WinPay and OKPay.
We must start off with the fact that Bulltraders is an offshore forex broker. Like we noted, this does not necessarily mean it is a scam, but one should always proceed with caution when dealing with them.
On the other hand, it seems Bulltraders is a serious company with average trading conditions, even though the leverage is somewhat low. Of course, there are other brokers with better conditions and more robust regulation, but – to each their own.
|Extensive bonus program||No MT4|
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.
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.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
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.
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.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|
|Belize||IFSC||MT4, Web||$500||Review Website|