|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|Basic||$250||0.01 lot||1:500||From 0.1 pips|
|Standard||$500||0.01 lot||1:500||From 0.1 pips|
|Pro||$2000||0.01 lot||1:500||From 0.1 pips|
Currency House offers three live trading accounts and a free demo account with virtual $100 000. The broker's portfolio consists of “3000 instruments”, according to its site, including forex pairs, CFDs, binary options and other derivatives.
|Stark Industries Incorporated||SVG||No|
Currency House is owned by Stark Industries Incorporated – a company registered in the offshore zone Saint Vincent and the Grenadines. The broker itself is located in Kiev, Ukraine, and is not regulated. Even though Ukraine has some kind of regulation of the forex brokers, the SVG does not. On the contrary, the island nation is known for its lax business laws and this attracts lots of companies who are often waling the thin line between legal and illegal activities.
The lack of regulation should serve as a big red flag and as a general rule the unregulated brokers should be avoided. It is preferable that clients do business with regulated brokers and be extra cautious before transferring money. Overall, the best regulation is provided by UK's FCA and the Australian Securities and Investment Commission (ASIC).
Currency House provides only one platform for trading: XTB's xStation, available as a white label partnership. The broker offers all its versions: desktop, web and mobile applications for Android and Apple devices.
The xStation platform has been voted “Best Trading Platform 2016” by Online Personal Wealth Awards and offers fast execution, very fast execution speeds, technical analysis and charting tools, social trading and a host of other options. It also has a social trading option and gives access to a large trading portfolio.
Currency House accepts client payments through credit and debit cards, bank transfer and PayPal. Those are more or less standard payment options provided by most brokers, or at least the cards and bank transfers.
Currency House is an unregulated broker based in an offshore zone. This is a good enough reason to avoid doing business with it, but there are things that make it attractive.
Among them are the trading platform xStation, which provides access to a large trading portfolio, and the high leverage. On the other hand, the absence of the popular MetaTrader 4 (MT4) might put off some clients.
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|