IC Markets vs IG vs Forex.com

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When comparing fees, IC Markets, IG, and Forex.com cater to different trading needs. IC Markets offers raw spreads from 0.0 pips with a $3.5 commission per lot, making it a preferred choice for ECN traders. IG provides spreads starting at 0.6 pips on major pairs with no commission on standard accounts, appealing to traders looking for commission-free trading. Forex.com features spreads from 0.8 pips on standard accounts and $5 per lot commission on RAW accounts, balancing cost-efficiency with premium execution. The best choice depends on whether traders prioritize low ECN costs (IC Markets), commission-free trading (IG), or a mix of both (Forex.com).

For traders who are looking into Forex.com and IG by reading detailed reviews, both brokers offer well-regulated platforms that cater to different trading needs. While IG, with its extensive market range and strong educational resources, is well-suited for traders who value a broad selection of instruments, Forex.com focuses more on the Forex market by providing advanced charting tools and research features. Comparing Forex.com and IG reviews helps traders understand how each platform supports different trading styles and investment goals.

Similarly, those interested in learning more about IG and IC Markets by going through various reviews will notice key differences between the two brokers. While IC Markets, with its ultra-low spreads and ECN execution, appeals to traders looking for cost-effective and direct market access, IG stands out by offering spread betting, a wider range of tradable assets, and specialized tools designed for UK-based traders. By examining IG and IC Markets reviews, traders can determine which platform best suits their trading preferences, whether they prioritize market depth or unique trading products.

When conducting a comparison between Forex.com, IG, and IC Markets, traders should evaluate factors like spreads, commissions, and platform accessibility. Both IC Markets and Forex.com, with their integration of MetaTrader 4 and 5, provide a familiar trading experience, while IG, with its proprietary trading platform alongside MT4, offers a different approach. A thorough Forex.com and IC Markets comparison reveals that choosing the right broker depends on whether a trader values raw spreads and ECN execution, as offered by IC Markets, or prefers a platform that emphasizes a wide range of trading instruments, like IG, or one that delivers powerful Forex-specific tools, as seen with Forex.com.

This article provides a detailed comparison of IC Markets, IG, and Forex.com, helping traders evaluate the best broker based on key factors such as fees, spreads, trading platforms, account types, and regulatory oversight. It breaks down the strengths and weaknesses of each broker, allowing traders to make informed decisions based on their specific needs.

By analyzing IC Markets vs IG vs Forex.com, the article explores trading conditions, research tools, educational resources, deposit and withdrawal options, and customer support. Whether traders are looking for low-cost ECN trading (IC Markets), a broad range of trading instruments (IG), or strong Forex tools (Forex.com), this guide provides a clear breakdown to help them choose the right broker for their trading style.

IC Markets vs IG vs Forex.com
Feature	IC Markets	IG	Forex.com
Overall	4.7	4.4	4.3
Regulation	5	4.7	5
Fees	4.9	4.7	4.3
Trading assets	4.6	5	4.4
Investment instruments	4.9	3.9	3.5
Platforms and charting tools	4.4	4.7	4.5
Deposit and withdrawal	4.6	4.0	4.2
Research	4.3	4.5	4.7
Education	4.4	4.2	4.3
Support	4.6	4.8	4.8
Bonuses	2.5	3.4	4.2
Open an account	Open an account Your capital is at risk.

IC Markets vs IG vs Forex.com: pros and cons

Founded in 2007 in Sydney, Australia, IC Markets operates under the Australian Financial Services License (AFSL) and is regulated by the Australian Securities and Investment Commission (ASIC). In addition, the broker is a member of the Australian Financial Complaint Authority (AFCA), an organization that helps settle disputes between traders and financial companies by enforcing industry rules. To maintain high standards, IC Markets undergoes regular audits, giving traders confidence in its operations.

Meanwhile, IG Markets, which is part of the IG Group corporation, has been active since 1974 and has built a strong reputation. As a UK-registered company, its securities are traded on the London Stock Exchange and included in the FTSE 250 index. Initially focused on institutional clients, IG Markets expanded in 2014 to offer retail brokerage services as well. Apart from the UK, the broker has expanded into several European markets, while its international division is registered in Bermuda under the Bermuda Monetary Authority.

If you're weighing the strengths and weaknesses of IC Markets and IG Markets, it's important to look at what each broker offers. IC Markets, with its strong regulatory oversight and access to deep liquidity, is a great option for traders looking for transparency and tight spreads. In contrast, IG Markets, with its decades-long industry presence and wide-ranging financial products, attracts traders who want access to a broader selection of instruments. When assessing the pros and cons of trading with IC Markets compared to IG Markets, factors like trading fees, available tools, and regulatory protections should all be taken into account.

IC Markets vs IG vs Forex.com: pros and cons
	IC Markets	IG	Forex.com
Overall pros	World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover Advanced ECN tradingOrder execution speed 40 mcFree VPSTrading servers in New York and LondonStrong regulation2000+ trading assets, 60+ currency pairsEUR/USD average spread 0.1 pip	Reliability IG Markets is part of the IG Group, founded in 1974. Its subsidiaries are also licensed by the British regulator FCA, the Monetary Authority of Singapore (MAS), and the American regulators CFTC, and NFA16,000 trading instruments, investments in IPOs and exchange-traded fundsRelatively good spreads, from 0.6-1 pips depending on the type of instrumentCustomer support is 24/7	Orders executed at high speeds4500+ instruments across various marketsTight spreads on over 90 assetsRebate and discount programs are availableHigh-level investor protectionDiverse technical research toolsCaters to a wider audience of usersCreates a variety of quality, written content dailyLow fees and relatively cheap commission costs
Overall cons	No Forex bonuses	High threshold of entry which discourages private novice tradersComplicated and unpleasant verification procedure. There are cases of refusal to open an account due to unconfirmed or low incomeThere are no products for passive investment, no bonus system is providedA limited set of options for depositing and withdrawing money, which is not very convenient for global Forex traders	Fewer deposit and withdrawal optionsLacks a multi-language version

IC Markets vs IG vs Forex.com: safety and regulation

When comparing the regulated status of Forex.com and IC Markets, all three brokers maintain Tier-1 regulation, ensuring strong financial oversight and investor protection. IC Markets is regulated by ASIC (Australia) and FSA (Seychelles), offering a €20,000 investor compensation scheme. Meanwhile, IG and Forex.com hold multiple Tier-1 licenses, including FCA (UK), BaFin (Germany), and MAS (Singapore), providing a higher level of regulatory security. Additionally, IG and Forex.com offer greater investor protection, with compensation up to £85,000, €100,000, or SGD 75,000, depending on jurisdiction.

Although IC Markets is a well-regulated broker, IG and Forex.com have broader global compliance, being regulated by CFTC (U.S.), FSCA (South Africa), and other major authorities. This makes them more appealing to traders who prioritize strong legal protection and multi-jurisdictional oversight. However, IC Markets remains a top choice for Forex traders, offering ASIC-backed security and ECN trading conditions. The best broker depends on whether traders prioritize global regulatory coverage (IG, Forex.com) or specialized Forex regulation (IC Markets).

IC Markets vs IG vs Forex.com: safety and regulation
Regulated By:	IC Markets	IG	Forex.com
Max. regulation level	Tier-1	Tier-1	Tier-1
Investor protection	€20,000	£85,000 €100,000 SGD 75,000	£85,000 €100,000 SGD 75,000
FCA UK regulation	No	Yes	Yes
FINRA (U.S)	No	No	No
BaFin (Germany)	No	Yes	Yes
ASIC (Australia)	Yes	Yes	Yes
CFTC (U.S)	No	Yes	Yes
MAS	No	Yes	Yes
FSCA SA	No	Yes	Yes
BVI FSC	No	No	No
VFSC	No	No	No
FSA (Seychelles)	Yes	No	No

IC Markets vs IG vs Forex.com: trading conditions

When comparing the platforms provided by IC Markets and Forex.com, both brokers give traders access to MetaTrader 4 (MT4), which is a widely used trading platform. However, for those looking for more advanced features, IC Markets and Forex.com also support MetaTrader 5 (MT5), which comes with better charting tools, more order types, and advanced automation features. Meanwhile, traders who prioritize speed and automation might prefer IC Markets over Forex.com, as it is the only broker in this comparison that offers cTrader — a platform favored by ECN traders because of its fast execution and automation options. On the other hand, IG distinguishes itself by providing its proprietary IG Trading Platform and L2 Dealer, which cater to traders who want a more customizable interface with direct market access. This makes a platform comparison between IC Markets and Forex.com an important consideration for traders looking for the right tools and features.

When analyzing the trading conditions at IG and IC Markets, several factors set them apart. IC Markets, which is more accessible for traders with a moderate budget, requires a $200 minimum deposit. In contrast, IG has a higher entry requirement of $450, which might not be the best option for beginners who want to start small. On the other hand, Forex.com allows traders to begin with $100, making it the most affordable option among the three. Another key difference is leverage — both IC Markets and Forex.com offer 1:500, making them attractive choices for traders looking for capital efficiency. However, IG takes a more controlled approach by capping leverage at 1:200, which works better for traders who prefer a lower-risk setup.

For traders evaluating the minimum deposit requirements at IC Markets and IG, the decision depends on their trading style and financial goals. If a lower capital commitment with access to high-leverage ECN trading is a priority, IC Markets could be the better option. On the other hand, traders who value proprietary technology and don’t mind a higher deposit may find IG more suitable for their needs.

IC Markets vs IG vs Forex.com: trading conditions
Trading Conditions	IC Markets	IG	Forex.com
Minimum deposit	$200	$450	$100
Trading platforms	MT4, MT5, cTrader	MT4, IG Trading Platform, L2 dealer	МТ4
Max leverage (Futures)	1-500	1-200	1-500
Supported markets	Forex, futures, CFDs on indices, commodities, metals, stocks and bonds	Forex, crypto, commodities	Forex, CFDs (not for all entities): Forex, indexes, stocks, commodities, metals, cryptocurrencies
Trading assets	2000+	16000+	4500+
Trading accounts	cTrader, Raw Spread, Standard	Demo, Standard	Standard, Commission, and Direct Market Access
Base account currencies	USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC	USD	USD, EUR, GBP

IC Markets vs IG vs Forex.com: fees

When analyzing the fees associated with Forex.com and IC Markets, traders will notice that while all three brokers maintain competitive pricing, their cost structures vary depending on the type of account being used. For those opting for ECN trading, IC Markets provides raw spreads starting from just 0.1 pips, paired with a commission of $3.5 per lot. This setup makes it an attractive choice for traders who prioritize tight spreads and efficient execution at a lower cost. Meanwhile, both Forex.com and IG offer a lower commission of $2.3 per lot, but their ECN spreads begin at 0.8 pips, which is noticeably higher than what IC Markets offers. When looking at standard account options, IG and Forex.com provide a better deal with minimum spreads as low as 0.6 pips, whereas IC Markets starts at 0.8 pips. This makes IG and Forex.com more appealing to traders who prefer commission-free trading with lower minimum spreads.

For traders comparing the features of an IG and IC Markets account, it is worth noting that none of these brokers impose deposit or withdrawal fees, ensuring that transactions remain cost-effective. Additionally, all three platforms allow traders to hold funds without worrying about inactivity charges, making them a good option for those who do not trade frequently.

A closer look at the differences between a Forex.com and IG account reveals that Forex.com strikes a balance between offering competitive spreads and a commission structure that allows flexibility. On the other hand, IG, with its slightly higher maximum spread of 1.2 pips, may not be as appealing for cost-sensitive traders. Ultimately, choosing the right broker depends on whether traders value raw ECN spreads and lower commissions, which IC Markets provides, or if they prefer commission-free standard accounts with tighter spreads, which are available through IG and Forex.com.

IC Markets vs IG vs Forex.com: fees
Fee	IC Markets	IG	Forex.com
Standard acc. spread EUR/USD, min pips	0,8	0,6	0,6
Standard acc. spread EUR/USD, max pips	1,0	1,2	1,2
ECN commission	3,5	2,3	2,3
ECN cpread EUR/USD	0,1	0,8	0,8
Deposit fee, %	No	No	No
Withdrawal fee, %	No	No	No
Withdrawal fee, USD	No	No	No
Inactivity fee, $	No	No	No

IC Markets vs IG vs Forex.com: trading assets

When comparing the trading options available on IG, Forex.com, and IC Markets, all three brokers offer a range of trading options, including Forex, metals, energy, and cryptocurrency CFDs. However, their overall market coverage varies. IG, with its selection of over 16,000 assets, has one of the widest offerings in the industry. Forex.com, covering 4,500+ assets, focuses primarily on major financial markets. Meanwhile, IC Markets, with its specialization in over 2,000 trading instruments, is heavily focused on Forex and CFDs. Unlike IG and Forex.com, IC Markets lets traders diversify their portfolios by adding CFDs on stocks, indices, ETFs, and bonds to their Forex trades, making it an attractive choice for those looking to trade multiple asset classes.

For traders exploring Forex trading through IG, Forex.com, or other major platforms, the best broker depends on what a trader values most in their trading experience. IC Markets, for example, offers futures trading as CFDs, a feature not found on IG or Forex.com. At the same time, IG, with its broad product range, gives traders access to a strong lineup of ETFs, something that Forex.com does not support. Traders who want access to a wide variety of financial markets may find IG appealing, while those looking for a Forex-heavy experience could prefer IC Markets. On the other hand, Forex.com offers a balanced mix of Forex and indices, making it a good choice for those who want simplicity without sacrificing variety.

For individuals trading in the Forex markets on IG and IC Markets, making the right choice involves comparing market access, trading tools, and key features. IG and IC Markets, in particular, are strong picks for traders interested in futures or ETFs, while Forex.com provides a straightforward, well-rounded trading experience for those who want a mix of Forex and indices without unnecessary complexity.

IC Markets vs IG vs Forex.com: trading assets
Asset Name	IC Markets	IG	Forex.com
Overall	2000+ trading assets	16000+	4500+
Forex	Yes	Yes	Yes
Stocks	Yes (CFD)	No	No
Metals	Yes (CFD)	Yes (CFD)	Yes (CFD)
Cryptocurrencies	Yes (CFD)	Yes (CFD)	Yes (CFD)
Energy	Yes (CFD)	Yes (CFD)	Yes (CFD)
Indices	Yes (CFD)	No	Yes (CFD)
ETFs	Yes (CFD)	Yes	No
Bonds	Yes (CFD)	No	Yes (CFD)
Mutual funds	No	No	No
Stock options	No	No	No
Futures trading	Yes (CFD)	No	No
Binary options	No	No	No

IC Markets or IG or Forex.com: investment programs

When comparing Forex.com and IC Markets investment programs, IC Markets stands out as the only broker offering copy trading and MAM/PAMM accounts, making it an attractive choice for traders who want to automate strategies or manage multiple accounts. In contrast, IG and Forex.com do not provide these options, limiting investment solutions for traders looking for passive income opportunities.

Further, IG offers IPO investments, allowing traders to invest in companies before they go public, which is not available with IC Markets or Forex.com. However, none of these brokers offer fully managed accounts, meaning traders must actively manage their portfolios. The choice depends on whether traders prioritize copy trading and multi-account management (IC Markets) or IPO investment opportunities (IG), while Forex.com offers a more traditional self-directed trading approach.

IC Markets or IG or Forex.com: investment programs
Asset Name	IC Markets	IG	Forex.com
Copy trading	Yes	No	No
MAM/PAMM	Yes	No	No
Managed accounts	No	No	No
Other	No	Investing in IPOs	No

Trading platforms: IC Markets or IG or Forex.com

When evaluating the platforms offered by IC Markets and Forex.com, traders will find that both brokers support MetaTrader, commonly known as MT4, while also offering MetaTrader 5, or MT5, which provides enhanced charting capabilities and improved trade execution. However, those looking for an alternative to MetaTrader will notice that IC Markets, unlike Forex.com, features cTrader, a platform designed for traders who rely on ECN execution and algorithmic trading. This makes the IC Markets and Forex.com platform comparison particularly relevant for traders deciding between standard and more advanced trading environments.

For those considering IG alongside Forex.com, the differences in trading platforms become even more apparent. While IG offers its proprietary IG Trading Platform and L2 Dealer, both of which cater to traders who prefer custom-built solutions with direct market access, Forex.com, in contrast, sticks to the traditional MT4 and MT5 platforms that most Forex traders are familiar with. Because of these differences, comparing IG and Forex.com for trading is essential for traders deciding whether they prefer a fully customized trading experience or a more standardized Forex platform.

Ultimately, the choice of broker depends on trading style and platform preference. Those seeking ECN execution and algorithmic trading may find IC Markets appealing because of its cTrader offering, while traders who value proprietary features and custom trading solutions will likely prefer IG. Meanwhile, Forex.com remains a strong option for those who want a familiar MT4/MT5 experience without additional complexity.

Trading platforms: IC Markets or IG or Forex.com
	IC Markets	IG	Forex.com
MT4	Yes	Yes	Yes
MT5	Yes	No	Yes
cTrader	Yes	No	No
Appropriate platform	IC Markets terminal	IG Trading Platform	Forex.com
Others	No	L2 dealer	No

IC Markets vs IG vs Forex.com: deposit and withdrawal methods

When looking at the withdrawal options provided by IG and Forex.com, traders will find that both brokers offer bank wire transfers, bank cards, and Neteller as standard methods. These options ensure that users have reliable ways to move their funds in and out of their accounts. Additionally, one advantage of choosing IG or Forex.com for withdrawal transactions is that both brokers accept Bitcoin (BTC) as a funding method, offering cryptocurrency traders more flexibility. However, this feature is not available with IC Markets, which may be a consideration for those who prefer crypto-based transfers.

For traders comparing the minimum deposit requirements at IC Markets and IG, the difference is significant. While IC Markets has a lower entry barrier with a minimum deposit of $200, traders choosing IG will need to deposit at least $450, which may make it less accessible for beginners. Meanwhile, Forex.com stands out with the lowest requirement, allowing traders to start with just $100.

When it comes to funding methods, the deposit options at Forex.com and IC Markets include bank transfers, credit and debit cards, and widely used e-wallets, ensuring seamless transactions. All three brokers process deposits efficiently and do not charge extra fees, making fund management cost-effective. Choosing between these brokers depends on whether a trader values a lower minimum deposit (as offered by Forex.com), a wider range of payment methods (available through IG), or a balance between ECN trading conditions and flexible deposit options (provided by IC Markets).

IC Markets vs IG vs Forex.com: deposit and withdrawal methods
Deposit and Withdrawal Method	IC Markets	IG	Forex.com
Bank Wire	Yes	Yes	Yes
Bank Card	Yes	Yes	Yes
Neteller	Yes	Yes	Yes
BTC	No	Yes	Yes
Wise	No	No	No
Payoneer	No	No	No
USDT	No	No	No

IC Markets vs IG vs Forex.com: research

When comparing Forex.com and IC Markets research types, all three brokers provide news feeds, fundamental data, and chart analysis, ensuring traders have access to essential market insights. IC Markets and Forex.com go further by offering trading ideas and email reports, which IG does not provide, making them better suited for traders who rely on expert-driven insights and regular market updates.

Further, IC Markets excels in providing in-depth market analysis, making it a great choice for technical traders looking for actionable ideas. Forex.com offers a well-rounded research package, including market reports and analytical tools, while IG focuses more on independent market analysis without structured trading recommendations. The ideal broker depends on whether traders prioritize structured research and trading ideas (IC Markets, Forex.com) or prefer self-guided analysis (IG).

IC Markets vs IG vs Forex.com: research
Research Type	IC Markets	IG	Forex.com
News feed	Yes	Yes	Yes
Fundamental data	Yes	Yes	Yes
Chart analysis	Yes	Yes	Yes
Trading ideas	Yes	No	Yes
E-Mail reports	Yes	No	Yes

IC Markets vs IG vs Forex.com: education

When looking at IG and IC Markets from the perspective of beginners, traders will find that both brokers offer a variety of educational resources, including demo accounts, webinars, articles, and video tutorials. These features help new traders build their knowledge and gain confidence before transitioning to live trading. If you’re comparing IG vs IC Markets for beginners, it’s important to consider what type of support you need. While both platforms offer valuable learning materials, Forex.com is the only broker among the three that provides cent accounts, which allow traders to start with lower risk and minimal capital. This can be especially useful for those who want a smoother transition from demo trading to real market conditions.

For those assessing the quality of education at IG and IC Markets, both brokers cater to traders at different skill levels. IG, in particular, provides a structured learning experience, offering step-by-step educational content that is ideal for those who prefer a guided approach. On the other hand, IC Markets, while also delivering strong educational materials, leans more towards advanced trading strategies. This makes it a better fit for traders who already have some experience and are looking to refine their skills with professional-grade tools. When deciding between these brokers, traders should consider whether they need a structured education program with IG or a more strategy-focused learning experience with IC Markets to support their trading goals.

IC Markets vs IG vs Forex.com: education
Education Type	IC Markets	IG	Forex.com
Demo-account/Paper trading	Yes	Yes	Yes
Webinars	Yes	Yes	Yes
Articles	Yes	Yes	Yes
Videos	Yes	Yes	Yes
Cent account	No	No	Yes

IC Markets vs IG vs Forex.com: support

When comparing how IC Markets and IG handle support services, traders will find that all three brokers — IC Markets, IG, and Forex.com — offer assistance through email, phone, and online chat. This ensures that users can reach customer service whenever they need help. However, a key difference is that IG, unlike IC Markets, provides support around the clock, operating 24/7. In contrast, both IC Markets and IG offer support on a 24/5 schedule, which means that IG is often the better choice for traders who require assistance outside of standard market hours.

For those evaluating the real-time chat options provided by Forex.com and IG, both brokers offer a live chat feature that allows traders to get instant responses to their inquiries. While IG and Forex.com have live chat, Forex.com goes a step further by also offering a structured complaint form and an extensive FAQ section. This gives traders an additional way to resolve issues efficiently. The best broker for customer service ultimately depends on what traders value most — whether it’s IG’s round-the-clock availability, Forex.com’s structured complaint resolution, or IC Markets' balance between strong customer support and a focus on trading features.

IC Markets vs IG vs Forex.com: support
Support Features	IC Markets	IG	Forex.com
Working days	24/5	24/7	24/5
E-mail	Yes	Yes	Yes
Phone	Yes	Yes	Yes
Online chat	Yes	Yes	Yes
Other	No	No	Complaint form, FAQ support

IC Markets vs IG vs Forex.com: Forex bonuses and promo

When comparing IG and IC Markets bonuses, neither broker provides Forex deposit bonuses or trading promotions, focusing instead on competitive trading conditions. Forex.com, however, offers bonuses in select countries, making it the only broker among the three with promotional incentives for traders.

For traders evaluating Forex.com and IG offers, IG provides an "Invite a Friend" program, rewarding users with $100 per referral who complete five qualifying trades within six months. Meanwhile, Forex.com includes an affiliate program and additional promotions, depending on the region. The best choice depends on whether traders prioritize low-cost trading with no bonuses (IC Markets, IG) or prefer a broker with occasional incentives (Forex.com).

IC Markets vs IG vs Forex.com: Forex bonuses and promo
Promo	IC Markets	IG	Forex.com
Forex bonus	Not offered	No	Yes (Not for all countries)
Affiliate program	% of trading commissions	"Invite a friend". The partner receives $100 for each attracted referral who must carry out 5 transactions of the corresponding volume (possibly, 5 lots are implied) within 6 months.	Yes
Other promos	No	No	No

Conclusion

This article provides a detailed comparison of IC Markets, IG, and Forex.com, covering key aspects such as fees, trading platforms, regulations, trading conditions, and support services. It highlights IC Markets' ECN trading environment with raw spreads, IG’s extensive market range and proprietary trading platform, and Forex.com’s strong Forex tools and flexible account options. Each broker’s strengths and weaknesses are analyzed, helping traders determine which platform best suits their needs.

Additionally, the article explores research tools, educational resources, deposit and withdrawal methods, and available bonuses. While IG and Forex.com offer wider regulatory coverage and investor protection, IC Markets provides the most competitive trading fees. Traders seeking low-cost ECN execution, diverse market access, or structured Forex education can use this guide to choose the best broker based on their trading style and financial goals.

FAQs

What should I start Forex trading with?

Novice traders should explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker and learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.

What amount should I start trading with?

The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.

What should I take into consideration when choosing a broker?

Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.

Is it possible to be scammed by a broker with a license from a reputable regulator?

In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.

Team that worked on the article

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).