Select a Regulated Broker!

Editorial Score:
Based on 3 categories.
9.3

FXGM ZA

FXGM ZA is a regulated broker based in Irene, Gauteng, South Africa. Its FSCA license ensures regulatory compliance and reliability. With a local Standard bank account, wire transfers are seamless.  The broker offers free professional training from an expert account manager which a customer receives just by activating their account.

FXGM ZA’s unique trait is protected positions, of which you can get up to 10, so you can experience risk free trading during your starting period. This feature enables beginners and experienced traders to get a head start on the market. FXGM ZA has overall positive client reviews and feedback so it is hailed for it’s reliability and professionalism. Visit the FXGM ZA website!

Features 10
Ease of use 10
Customer service 8

Pros

  • FSCA regulation
  • Free professional training
  • Risk free trading in the beginning
  • Overall positive client feedback
  • Refer a friend program
  • Mobile app

Cons

  • Only available to South African citizens
  • Regulation can be restrictive
  • Inactivity fee

Editorial Score:
Based on 3 categories.
8.3

XM

XM is a CySec regulated broker with a solid reputation among experienced traders. Offering more than 10 trading platforms including MT4, MT5 and XM WebTrader, more than  100 trading instruments, XM is the complete package for every level of trading. You get a personal account manager, daily trading signals, webinars and much more. Visit the XM Website!

Features 9
Ease of use 9
Customer service 7

Pros

  • A lot of features
  • Trading signals
  • Mobile app
  • A lot of platforms and instruments
  • Refer friend program

Cons

  • Overall higher spreads
  • Inactivity fee

Editorial Score:
Based on 3 categories.
8.0

Plus500

Plus500 is a well established, regulated broker, founded in 2008. As a CFD provider it offers more than 2800 CFDs on cryptocurrencies, forex, shares, commodities, indices, options, and ETFs.

Plus500’s charts include 110 indicators and over 20 drawing tools, so they are well suited for any technical trader. When it comes to fundamental analysis Plus500 leaves a bit to be desired. While the website has a built in economic calendar, it lacks daily news updates.

Overall Plus500 is an established and well trusted brand and solid and intuitive trading platform suited to the needs of experienced traders. Visit the Plus500 website!

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.

Features 9
Ease of use 8
Customer service 7

Pros

  • Access to many tools
  • Guaranteed stop loss orders

Cons

  • US citizens cannot trade with CFDs
  • Regulation can be restrictive
  • Not suitable for beginners

Plus500UK Ltd authorized & regulated by the FCA (#509909 ). Plus500CY Ltd authorized & regulated by CySEC (#250 ). Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1). Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727 , FMA in New Zealand, FSP #486026 ; Authorised Financial Services Provider in South Africa, FSP #47546 . You do not own or have any rights to the underlying assets. Consider if you fall within our Target Market Distribution. Please refer to the Disclosure documents available on the website. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18). Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). It holds a category 4 license with a ‘Retail’ endorsement and is not authorized to hold or control client investments or client money. Plus500IL Ltd is registered in Israel (Company No 515233914), holding a license to operate a trading platform granted by the Israel Securities Authority.

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorised by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe such as leverage limitations and bonus restrictions.

Editorial Score:
Based on 3 categories.
8.7

Exness

Exness is a regulated broker offering arguably the most customizable trading experience. Traders can start with as little as $10, different leverage and account options and low spreads. Exness is truly a jack of all trades and can suit the needs of beginners and veterans alike. All of the benefits and tools come with regulation from several well established regulators such as SyCes, FSA and FCA, ensuring  smooth and transparent trading.

Exness, however, does not offer any welcome bonuses for newcomers and does not provide a lot of helpful guides and reading materials, meaning there’s not a lot of hand holding if you’re fresh on the market.

Overall Exness is a well established and recognized regulated broker that has most of the needed tools and benefits available for traders who are interested in optimized and effective trading. Visit the Exness website!

Features 9
Ease of use 9
Customer service 8

Pros

  • Low minimum deposit
  • Customizable leverage
  • Low spreads

Cons

  • No welcome bonus
  • Not a lot of beginner guides

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