Overview is a company that was founded in 2001 and is one of the largest brokers in the United States. The brand is a part of StoneX and was created with the profile of a professional investor in mind. At the same time, it was made to be easily used, making it an appropriate choice for beginner investors.

Seeing its wide variety of currency pairs and solid reputation, it is understandable why it has become such a popular choice for day traders. With that in mind, caution is always key as well, especially when there are certain fees associated with the platform. Read this review and determine whether this broker is a good fit for you or not.

Who Is For? is a great option for those looking for more exposure and access to a wide array of products. It is the best option for high-volume traders that are looking for fast yet reliable execution. At the same time, due to the ease of use of the platform, it is a marvelous choice for beginners. It has a very long track record, so those who are looking for an extra edge of reliability may want to take advantage of this brand.

Things We Like

We liked that the Forex fees are low, which means the traders are not put through any inconvenient high charges. It is not exactly cheap, but it is not too expensive either. Plus, there aren’t any hidden fees to worry about.

You can choose from multiple types of accounts – one of which is the Islamic account. It features regulations for multiple areas of the world, promoting diversity. It also offers negative balance protection for most areas, meaning that you will not lose more finds than you invest.

Things We Don’t Like

While offers negative balance protection for users all over the world, this is not the case for people in the United States. This means that if one of their investments were to go wrong, they might end up losing more money than they originally invested.

The portfolio is also fairly limited, as the only thing you’ll get will be CFD, Forex, and crypto. They also charge an inactivity fee, so if you happen to become inactive for a month or two, then you will be charged for it. This is why the platform is only geared towards active day traders.

Pros / Cons
  • Low forex fees
  • Great variety of currency pairs
  • Diverse technical research tools
  • High stock CFD fees
  • Limited product portfolio
  • Non-user-friendly desktop platform

Safety and Regulation

Safety is essential when it comes to choosing a broker. This is why research into is necessary, to ensure that you have come across a reliable broker. Here is what we found on

Who Is is a broker that was established in 2001. The brand is a part of GAIN Capital Holdings, which is a subsidiary of StoneX Group. It is a broker that allows users to trade a variety of instruments from the Forex field, and it is most likely one of the oldest brokers out there.

Is Regulated? is regulated by a significant number of authorities. It features regulations from the FCA, CFTC, FSA, NFA, IIROC, ASIC, and CMA. Because of this, it can legally function on multiple territories on the globe, following the law and protecting its users. Licenses

  • features Tier-1, Tier-2, and Tier-3 licenses to function in various areas of the globe
  • Its licenses were authorized by NFA (USA), CFTC (USA), FCA (UK), ASIC (Australia), IIROC (Canada), MAS (Singapore), JFSA (Japan), and CIMA (Cayman Islands).

Is Safe or a Scam?

Due to its long track record, is considered to be a safe broker. It is also regulated by high-rated authorities, and the parent company (StoneX Group) of features listing on a stock exchange. The multiple regulations show that it follows the rules of the United States and other countries that it operates in, making it an ultimately safe company.

Countries It Accepts Clients From takes clients from a variety of countries – including the United States, which is often excluded from other apps. However, there are other exceptions that do not fit the regulations, including New Zealand and Hong Kong.

Also, if you live in Australia, you can’t use However, you can open a trading account through City Index – a sister brand operated by StoneX Group.

Awards has accumulated a number of awards over time. Some recent examples include Best Crypto Broker in Asia 2021, Best Cryptocurrency Exchange 2021, Best Social Trading Network 2021, Best Forex Mobile Application 2020, Most Transparent Broker 2021.

Range of Offerings and Products offers a fair range of products and instruments that you may trade with. You may go for commodities, CFDs, stocks, metals, oil, and gold. You have a total of 84 currency pairs along with 8 crypto pairs to go for. Sadly, there are no ETFs, indices, or binary options to trade with.

Leverage Offered

Leverage mostly depends on the type of account that you are using, as well as the activity. puts up a margin account for you to use, which will allow you to see how much leverage you can get. Traders from the EU might receive stricter leverage, due to the regulations of the area.

Trading Platforms provides a wide range of trading platforms that users may benefit from, going from desktop to web and mobile platforms. These platforms are based on the MetaTrader4 (MT4) platform, which is the preferred choice for most traders.

The web platform is fairly user-friendly, and due to the MT4 system, it has high customizability. The mobile platform is also easy to use and customize, depending on your preferences. The desktop platform is available, but highly limited and not as user-friendly.

Regardless of the trading platform that you are using, you only get a one-step function. With that in mind, both web and mobile options have good search options. The mobile version also brings the benefit of notifications and alerts, to keep traders active.

Account Types

Depending on your trading preferences, allows you to choose between three trading accounts: the main account, the MetaTrader account, and the DMA account. Each account has different ownership options, as you may go for individual accounts, joint accounts, or corporate accounts. There is also the option to choose an Islamic Account if you are from the region.

Registering takes only 10-15 minutes, as the process is straightforward. It’s the verification process that usually takes the most time. It can take 2-3 business days to have your account verified, which is a bit slower in comparison to other similar brokers.

Demo Account

Users that are not convinced with the platform may use their demo account first. There, they can practice their trading skills, as well as the other features offered by the MT4 account. Users will receive a virtual cash sum of $50,000, which may be used to test the trading capability of the platform.

Deposit and Withdrawals 

Deposits and withdrawals may be done in a variety of ways, such as the standard bank card and electronic wallet. supports a total of 6 currencies, making it easier for international users. As long as users pay in the same currency with the same base currency on their account, they will not have to pay a conversion fee.

What Is the Minimum Deposit?

The general minimum deposit on is $100. Considering that other apps have a minimum of at least $2,000, is pretty convenient. Deposits occur between 1-3 days for traditional bank transfers, but for debit cards and electronic wallets, the transfer is immediate.


While depositing is possible with multiple types of credit cards, it might not always apply to withdrawals as well. Ideally, you may want to check with the list of credit cards that allow withdrawal and choose one card for both actions. There are no withdrawal fees, and you may withdraw as much as you need. Promotions offers a welcome promotion of 20% for the money that you deposit in the first two weeks in your account. Occasional promo codes may appear for active users, which is why encourages them to keep an eye on the account. No other regular promotions have been noted for active users.

Client Support and Education

The client support can be contacted quite simply, through their online chat or by phone. There is no 24/7 support available, but you may contact them between 10 AM – 5 PM from Sunday to Friday. They do have social media accounts, but there is no social media support. If you do not particularly wish to contact them, you may access their FAQ page to have your questions answered.

When it comes to education, also does a fairly good job. Aside from the demo account, you have the tutorial for the trading platform along with educational videos and articles. Sadly, there are no webinars, but there are still multiple ways for the users to learn. They are well-structured and are overall very fun and useful.

Verdict – Overall Rating

If you are an active trader, is a great option for you. It has very low Forex fees along with many tradable currency pairs that you can go for. The portfolio is somewhat limited, but even so, you still get quite a bit of opportunity by using


All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.

The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Risk Disclaimer

There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.

Looking for more information on brokers and trading? Have a look at our trading guides:

Review Sources

  1. offers forex & metals trading with award-winning trading platforms, tight spreads, quality executions, and powerful trading tools.

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