10 Best CFTC Regulated Forex Brokers
The 10 Best CFTC-Regulated Forex Brokers revealed. We have explored and tested several prominent CFTC Forex brokers to identify a list of the 10 best. In this in-depth guide, you’ll learn:
Top 10 CFTC Brokers – a Head to Head Comparison
| 1 |  | Extensive training resources 24-hour indices |  |  |
| 2 |  | Robust TradingView integration Competitive pricing | | |
| 3 |  | Low margin rates Advanced trading platforms | | |
| 4 |  | Advanced tools Mobile app and web trading platform | | |
| 5 |  | Versatile trading platform 2,800 tradeable symbols | | |
| 6 |  | Robust research and data Commission-free trading | | |
| 7 |  | Multi-asset broker Low fees and commissions | | |
| 8 |  | Powerful platforms Competitive pricing | | |
| 9 |  | Range of account types Robust platforms | | |
| 10 |  | Competitive trading conditions Focus on education | | |
10 Best CFTC Regulated Forex Brokers (2025)
- IG – Overall, The Best CFTC Regulated Forex Broker
- OANDA – Award-Winning Trading Platform
- Interactive Brokers – Powerful Trading Platforms
- Forex.com – Mobile app with One-Swipe Trading
- Plus500 – User-Friendly Platform, and a Strong Focus on Security
- TD Ameritrade – Powerful Thinkorswim Platform
- ATC Brokers – Demo Account for Practice Trading
- Saxo Bank – Comprehensive Investment Platform
- CMC Markets – High Trust Score in the USA
- FXTM – Competitive Pricing and Strong Regulatory Oversight
Top 10 Forex Brokers (Globally)
1. IG
IG, founded in 1974 and headquartered in the UK, is regulated by top-tier U.S. authorities, specifically the CFTC (Commodity Futures Trading Commission) and the NFA (National Futures Association). This makes it one of the few forex brokers legally allowed to operate in the highly regulated U.S. market.
| Broker | IG |
| CFTC Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇺🇸 CFTC 🇺🇸 NFA 🇦🇺 ASIC 🇸🇬 MAS 🇳🇿 FMA 🇿🇦 FSCA 🇦🇪 DFSA |
| Min Deposit | 0-250 USD |
| Spreads From | 0.6 pips |
| Leverage | 1:50 (U.S.) 1:200 (International) |
| Account Types | Spread Betting and CFD Accounts Retail Accounts Professional Accounts Corporate Accounts |
| Trading Platforms | IG Web Platform MetaTrader 4 (MT4) IG Mobile App ProRealTime L2 Dealer |
| Execution Speed | 0.014 seconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What trading platforms does IG offer?
IG provides a comprehensive selection of trading platforms to suit various needs. These include their award-winning proprietary web and mobile platforms, the widely popular MetaTrader 4 (MT4), the advanced charting capabilities of ProRealTime, and L2 Dealer for direct market access.
Is there negative balance protection?
Yes, IG offers negative balance protection for its retail clients, ensuring you cannot lose more than the funds in your trading account. This is a key safety feature, particularly for leveraged trading, protecting against extreme market movements.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Top-Tier Regulation | Limited Leverage (U.S.) |
| U.S. Client Support | Inactivity Fees |
| Low Spreads | No MT5 Support |
| Powerful Trading Platforms | Complex Fee Structure for Stocks |
| Fast Execution | No 24/7 Support |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
IG is a globally trusted, well-regulated broker ideal for both beginners and experienced traders. With competitive spreads, powerful platforms, and strong educational resources, it offers a reliable trading experience, though fees and leverage limits vary by region.
2. OANDA
OANDA is a globally recognized forex and CFD broker, regulated by the CFTC and a member of the NFA in the United States. It offers competitive spreads, robust trading platforms like MetaTrader 4, and strong regulatory oversight, making it a trusted choice for U.S. and international traders.
| Broker | OANDA |
| CFTC Regulated | Yes |
| Regulation | 🇺🇸 CFTC 🇺🇸 NFA 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS |
| Min Deposit | 0 USD |
| Spreads From | 0.6 pips |
| Leverage | 1:50 for U.S. |
| Account Types | Standard Premium Corporate Islamic (region dependent) |
| Trading Platforms | OANDA Web Platform MetaTrader 4 (MT4) TradingView integration |
| Execution Speed | 0.012 seconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is the minimum deposit to start trading with OANDA?
OANDA has a notable advantage for beginners: there is no minimum deposit required to open or maintain an OANDA account. While you’ll need funds to open trading positions, this “no minimum” policy makes it very accessible for smaller traders.
Is OANDA good for beginners?
Yes, OANDA is generally considered good for beginners. They offer a zero minimum deposit, user-friendly proprietary platforms (OANDA Trade web and mobile), and access to industry-standard MetaTrader. Crucially, OANDA provides a range of educational resources, including guides, tutorials, and a demo account.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by CFTC & NFA (U.S.) | No Negative Balance Protection (U.S.) |
| Top-Tier Global Regulation | No Guaranteed Stop Loss Orders |
| No Minimum Deposit (U.S. clients) | Limited Asset Access for U.S. Clients |
| User-Friendly, Multi Platform Offering | Withdrawal and Inactivity Fees |
| Competitive Pricing & Transparency | Weekend & Customer Support Constraints |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
OANDA is a well-regulated broker under the CFTC/NFA, offering strong safety, competitive pricing, and user-friendly platforms. However, it lacks negative balance protection, GSLOs, and broader asset access, making it less ideal for high-risk or multi-asset traders.
3. Interactive Brokers
Interactive Brokers is regulated by the U.S. Commodity Futures Trading Commission (CFTC) as a registered Futures Commission Merchant (FCM), ensuring the protection of client futures funds under the Commodity Exchange Act. IBKR is also supervised by other top-tier regulators such as the SEC, FINRA, FCA (UK), ASIC (Australia), and MAS (Singapore).
| Broker | Interactive Brokers |
| CFTC Regulated | Yes |
| Regulation | 🇺🇸 CFTC 🇺🇸 NFA 🇺🇸 SEC 🇺🇸 FINRA 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS 🇭🇰 SFC 🇨🇦 CIRO 🇱🇺 CSSF |
| Min Deposit | 10-100 USD |
| Spreads From | 0.1–0.3 pips |
| Leverage | 50:1 |
| Account Types | IBKR Lite IBKR Pro Individual Joint Corporate Trust Retirement |
| Trading Platforms | Trader Workstation (TWS) Client Portal IBKR Mobile API MetaTrader (via bridge) |
| Execution Speed | Ultra-fast execution |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What platforms does IBKR offer?
Interactive Brokers (IBKR) offers a comprehensive suite of trading platforms tailored for various skill levels. Their flagship is Trader Workstation (TWS), designed for active traders. They also provide IBKR Desktop, IBKR Mobile, and IBKR GlobalTrader.
What is the minimum deposit at Interactive Brokers?
For IBKR Pro and IBKR Lite individual accounts, there’s generally no minimum deposit required to open the account. If you plan to trade on margin, you typically must deposit a minimum of USD 2,000 (or equivalent).
Pros and Cons
| ✓ Pros | ✕ Cons |
| Top-Tier Global Regulation | Not Beginner-Friendly |
| Extensive Market Access | Tiered Pricing Can Be Confusing |
| Ultra-Low Trading Costs | Inactivity/Data Fees Possible |
| Advanced Trading Platforms | No Negative Balance Protection (U.S.) |
| No Minimum Deposit (IBKR Lite) | Limited Educational Resources |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐☆☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
Interactive Brokers is a top-tier, low-cost broker ideal for experienced traders seeking global market access and advanced tools. While its pricing and platforms are powerful, they can be complex and less suitable for beginners or casual investors.
Top 3 CFTC Regulated Brokers – IG vs OANDA vs Interactive Brokers
| Forex Broker |  |  |  |
| Regulators | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 CFTC/NFA 🇩🇪 BaFin 🇸🇬 MAS 🇿🇦 FSCA 🇳🇿 FMA | 🇺🇸 CFTC/NFA 🇬🇧 FCA 🇦🇺 ASIC 🇨🇦 CIRO 🇸🇬 MAS 🇯🇵 FAS | 🇺🇸 CFTC/NFA 🇺🇸 SEC 🇺🇸 FINRA 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS 🇭🇰 SFC 🇨🇦 CIRO 🇱🇺 CSSF |
| Year Established | 1974 | 1996 | 1978 |
| Execution Type(s) | Market execution Dealing desk | Market execution NDD | Agency execution with SmartRouting (ECN like) |
| Minimum Deposit | 0 USD | 0 USD | 0- 100 USD |
| Average Trading Cost EUR/USD | Average Spread: 0.6 to 0.8 pips | Average Spread: 1.0 - 1.4 pips | Average Spread: 0.2 - 0.6 pips |
| Commissions | None | None | Yes |
| Swap Fees | Yes | Yes | Yes |
| Trading Platforms | IG Web Platform MetaTrader 4 (MT4) ProRealTime L2 Dealer Mobile apps | OANDA Trade (web, desktop, mobile) MetaTrader 4 (MT4) TradingView | Trader Workstation (TWS) IBKR Mobile Client Portal API |
| Islamic Account | Yes | Yes | None |
| Negative Balance Protection | Dependent of Jurisdiction | None | None |
| Trade Now |  | | |
Note: The Top 3 CFTC-regulated brokers are ranked based on a combination of User Trust Scores and verified Customer Reviews.
4. Plus500
In the U.S., Plus500 operates via Cunningham Commodities LLC, a registered Futures Commission Merchant (FCM). This entity is subject to CFTC oversight and is a member of the National Futures Association (NFA), ensuring compliance with U.S. financial regulations.
| Broker | Plus500 |
| CFTC Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇺 ASIC 🇳🇿 FMA 🇦🇪 DFSA 🇸🇬 MAS 🇸🇨 FSA 🇺🇸 CFTC/NFA |
| Min Deposit | 100 USD |
| Spreads From | 0.6 pips |
| Leverage | 1:30 |
| Account Types | Retail Professional and U.S. Futures account (via Plus500 Futures) |
| Trading Platforms | Proprietary Plus500 platform (Web, Desktop, Mobile) Futures platform (U.S.) |
| Execution Speed | Fast execution |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is Plus500 good for beginners?
Plus500 can be a suitable choice for beginners, especially those interested in CFD trading. Its proprietary platform is known for being intuitive and easy to use. Plus500 offers a free and unlimited demo account for practice, along with a Trading Academy.
Does Plus500 offer MetaTrader (MT4/MT5)?
No, Plus500 does not offer MetaTrader 4 or MetaTrader 5. They exclusively use their own proprietary trading platform, the “Plus500 WebTrader,”. While user-friendly, this means traders accustomed to MetaTrader’s features or Expert Advisors will need to adapt.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated and Reputable | Limited Research and Education |
| User-Friendly Platform | CFD-Only Broker |
| Wide Range of Markets | No MetaTrader (MT4/MT5) Support |
| Commission-Free Trading | High Risk Due to Leverage |
| Demo Account Available | Inactivity and Other Fees |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐☆☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐☆☆☆ |
Our Insights
Plus500 is a user-friendly, commission-free CFD trading platform regulated by top authorities. It offers a wide range of markets but lacks educational tools and advanced features. Best for experienced traders aware of the risks associated with leveraged products.
5. TD Ameritrade
TD Ameritrade is a well-established U.S.-based brokerage providing a wide array of investment options like stocks, ETFs, options, futures, and forex. It’s regulated by the CFTC and FINRA, offering robust investor protection. This makes it a suitable choice for both novice and experienced traders.
| Broker | TD Ameritrade |
| CFTC Regulated | Yes |
| Regulation | 🇺🇸 CFTC 🇺🇸 FINRA 🇺🇸 SIPC 🇺🇸 NFA 🇺🇸 SEC |
| Min Deposit | 0 USD |
| Spreads From | 1.0 pip |
| Leverage | 50:1 |
| Account Types | Standard Brokerage Retirement (IRA) Margin Joint Custodial |
| Trading Platforms | thinkorswim (desktop/mobile) Web Platform |
| Execution Speed | Fast execution |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is the minimum deposit to open an account?
Since Charles Schwab acquired TD Ameritrade, the company no longer accepts new clients. For Charles Schwab accounts, there’s generally no minimum deposit to open most individual brokerage or IRA accounts. However, certain managed portfolios or specialized accounts may have higher minimums.
What platforms does TD Ameritrade offer?
Charles Schwab acquired TD Ameritrade, so clients now access Schwab’s platforms.These include the highly-regarded thinkorswim suite for advanced traders, along with the user-friendly Schwab.com and Schwab Mobile app for general investing and account management.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Highly Regulated & Trusted | Not Ideal for Non-U.S. Residents |
| No Minimum Deposit | No Fractional Shares |
| Commission-Free Trades | Fees on Some Products |
| Advanced Trading Platform | Platform May Be Overwhelming |
| Excellent Research & Education | No Support for Crypto Spot Trading |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
TD Ameritrade is a trusted, U.S.-regulated broker offering commission-free trading, advanced tools, and a wide product range. While ideal for U.S. investors, it may not suit non-U.S. clients or those seeking features like fractional shares or direct crypto trading.
7. ATC Brokers
While ATC Brokers operates internationally, a U.S. entity, ATC Brokers (US), is registered as an introducing broker with the CFTC (Commodity Futures Trading Commission) and is a member of the NFA (National Futures Association).
| Broker | ATC Brokers |
| CFTC Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇰🇾 CIMA 🇺🇸 CFTC/NFA |
| Minimum Deposit | 2,000 USD |
| Spreads From | 0.0 pips |
| Leverage | 1:50 |
| Account Types | Individual Joint Corporate Introducing Broker (IB) |
| Trading Platforms | MetaTrader 4 (MT4) proprietary ATC Trader platform Mobile app |
| Execution Speed | Under 100 milliseconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What trading platforms does ATC Brokers offer?
ATC Brokers primarily offers the widely recognized MetaTrader 4 (MT4) platform. They also provide their enhanced MT Pro software, which integrates with MT4 to offer additional features like one-click execution and advanced order types, optimizing the trading experience.
What leverage does ATC Brokers offer?
For clients under the Cayman Islands division, maximum leverage can be up to 200:1. However, for retail clients in the UK, leverage is significantly lower, typically capped at 30:1 for major currency pairs due to ESMA regulations
Pros and Cons
| ✓ Pros | ✕ Cons |
| Competitive Spreads | High Minimum Deposit |
| Segregated Accounts | Inactivity Fees |
| Fast Execution | Limited Platform Variety |
| Strong Regulation | No Stock CFDs |
| MT4 with Enhancements | Leverage Varies by Regulation |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
ATC Brokers offers strong regulation and competitive trading conditions, but it has a high minimum deposit. While its platforms and educational resources are beneficial, potential traders should weigh the mixed user reviews and consider the limited asset variety and possible customer support issues.
7. Saxo Bank
Saxo Bank is a global financial services provider and a well-regulated broker, operating under the supervision of multiple regulatory authorities worldwide. They adhere to strict regulatory requirements across 15 jurisdictions, ensuring high standards of financial stability, client asset protection, and transparency.
| Broker | Saxo Bank |
| Globally Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇸🇬 MAS 🇨🇭 FINMA 🇦🇺 ASIC |
| Min Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Leverage | 1:200 |
| Account Types | Classic Platinum VIP accounts |
| Trading Platforms | SaxoInvestor SaxoTraderGO SaxoTraderPRO |
| Execution Speed | 0.012 seconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What types of accounts are available?
Saxo Bank offers various account types, including Individual, Joint, Corporate, and Professional accounts. They also have a tiered structure (Classic, Platinum, VIP) that provides progressively better pricing and benefits based on deposit size or trading volume.
What countries does Saxo Bank service?
Saxo Bank maintains a significant global presence, servicing clients in over 180 countries through its headquarters in Denmark and regional offices in major financial hubs. These include locations across Europe, Asia/Pacific, and the Middle East.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong Regulation & Security | Proprietary Platforms Only |
| Extensive Product Offering | Complexity for Beginners |
| Advanced Proprietary Platforms | Customer Service Varies |
| Competitive Pricing | Withdrawal Fees |
| Fast Execution | Custody Fees |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
Saxo Bank provides comprehensive support through various channels, including chat, email, and a detailed help center, ensuring clients receive prompt assistance. Multiple options cater to different needs, enhancing the user experience. This makes Saxo Bank a reliable choice for traders.
9. CMC Markets
CMC Markets is a globally regulated broker operating since 1989, licensed by top-tier authorities like the FCA (UK), ASIC (Australia), and MAS (Singapore). It offers over 12,000 trading instruments, segregates client funds, and provides strong investor protection across multiple jurisdictions.
| Broker | CMC Markets |
| Globally Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS 🇩🇪 BaFin 🇳🇿 FMA 🇨🇦 CIRO 🇦🇪 DFSA |
| Min Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Leverage | 1:500 |
| Account Types | Standard CFD FX Active Spread Betting Invest / Cash Corporate Alpha |
| Trading Platforms | Proprietary CMC Markets platform MT4 |
| Execution Speed | 1-2 seconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is there a demo account available?
Yes, CMC Markets offers a free demo account with $10,000 in virtual funds. This allows you to practice trading on their proprietary platform or MetaTrader 4 in a risk-free environment, testing strategies and familiarizing yourself with their tools.
What trading platforms does CMC Markets provide?
CMC Markets provides its award-winning proprietary Next Generation platform, known for its advanced tools and user-friendliness. Additionally, they offer the popular MetaTrader 4 for those who prefer its algorithmic trading capabilities, and integrate with TradingView for advanced charting and social features.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Advanced Trading Platforms | CFD and Spread Betting Only |
| Competitive Pricing | Inactivity Fee |
| Regulated & Trusted | Complex Fee Structure for Active Traders |
| Excellent Education & Research | No Social or Copy Trading |
| No Minimum Deposit | MT4 Functionality Is Limited |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
CMC Markets is a well-established, globally regulated broker offering over 12,000 instruments across multiple asset classes. With strong regulatory oversight, advanced trading platforms, and a broad product range, it remains a leading choice for retail and institutional traders worldwide.
10. FXTM
FXTM is an internationally regulated online broker, offering trading in forex, commodities, indices, stocks, and cryptocurrencies via MetaTrader 4 and 5 platforms. The broker suits traders seeking a fully regulated, feature-rich broker with competitive pricing, comprehensive platform access, and strong educational support.
| Broker | FXTM |
| Globally Regulated | Yes |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇿🇦 FSCA 🇲🇺 FSC 🇰🇪 CMA 🇦🇪 DFSA |
| Min Deposit | 10 USD |
| Spreads From | 0.0 pips |
| Leverage | 1:2000 |
| Account Types | Cent Advantage Advantage Plus |
| Trading Platforms | MetaTrader 4 (MT4) & MetaTrader 5 (MT5) desktop web mobile |
| Execution Speed | 0.1 seconds |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does FXTM offer a demo account?
Yes, FXTM offers a demo account with virtual funds. It simulates real market conditions, allowing you to practice trading strategies, learn platform features, and explore various instruments without any financial risk. You can choose different account types for your demo.
What trading platforms does FXTM support?
FXTM primarily supports the globally popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are available as desktop applications (for PC and Mac), web-based versions (WebTrader), and mobile apps (for iOS and Android), offering flexibility for traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Globally Regulated | Commissions on Raw Accounts |
| Low Minimum Deposit | CFD-Only Trading |
| Flexible Leverage | Withdrawal Fees |
| Multiple Account Types | Leverage Restrictions by Region |
| MT4 & MT5 Platforms | No Proprietary Platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
FXTM is a globally regulated forex and CFD broker offering flexible accounts, tight spreads, and powerful MT4/MT5 platforms. It’s ideal for beginners and experienced traders, though limited to CFD trading with some fees on withdrawals and commissions.
What is a CFTC-regulated Forex Broker?
A CFTC-regulated forex broker is authorized by the U.S. Commodity Futures Trading Commission, ensuring strict compliance with U.S. financial laws. These brokers must meet high standards for transparency, client fund protection, and fair trading practices in the U.S. market.
Criteria for Choosing a CFTC Regulated Forex Broker
| Criteria | Description | Importance |
| CFTC Regulation | Broker must be registered with the Commodity Futures Trading Commission. | ⭐⭐⭐⭐⭐ |
| NFA Membership | Must also be a member of the National Futures Association (NFA). | ⭐⭐⭐⭐⭐ |
| Client Fund Protection | Segregates client funds and ensures safety in case of broker insolvency. | ⭐⭐⭐⭐⭐ |
| Trading Costs | Includes spreads, commissions, and other hidden fees. | ⭐⭐⭐⭐☆ |
| Platform Reliability | Offers stable, fast, and user-friendly trading platforms (e.g., MT4, proprietary). | ⭐⭐⭐⭐☆ |
| Leverage Limits | U.S. rules cap leverage (e.g., 50:1 for majors) to protect retail traders. | ⭐⭐⭐⭐☆ |
| Customer Support | Availability of responsive and knowledgeable support via chat, email, or phone. | ⭐⭐⭐⭐☆ |
| Educational Resources | Offers webinars, articles, and guides for beginner to advanced traders. | ⭐⭐⭐☆☆ |
| Product Offering | Range of forex pairs and other instruments available for trading. | ⭐⭐⭐☆☆ |
| Withdrawal Process | Speed, fees, and transparency of deposit and withdrawal methods. | ⭐⭐⭐⭐☆ |
What Real Traders Want to Know!
Explore the Top Questions asked by real traders across the Globe. From pricing, security, and Leverage Limits, we provide straightforward answers to help you understand CFTC-regulated brokers and choose the right broker confidently.
Q: What protections do CFTC-regulated forex brokers provide to traders compared to unregulated brokers – Emily R
A: CFTC-regulated brokers must comply with strict financial standards, including segregating client funds from company assets, maintaining minimum capital requirements, and submitting to regular audits.
This ensures your funds are safer and trading practices are transparent, unlike unregulated brokers who may lack these safeguards.
Q: How does the CFTC ensure that regulated brokers maintain fair pricing and prevent market manipulation? – Jason M
A: The CFTC enforces strict rules requiring brokers to provide transparent pricing and prohibits deceptive practices. Brokers must use reliable liquidity providers and disclose execution policies, reducing the risk of price manipulation and ensuring fair market access for traders.
Q: What are the leverage limits imposed by the CFTC on forex trading accounts, and how do these affect trading strategies? – Sophia L
A: The CFTC limits leverage to a maximum of 50:1 on major currency pairs and 20:1 on minors and exotics for retail traders. While this reduces risk exposure, it also means traders must manage positions more carefully and cannot rely on excessive leverage to amplify gains.
Q: Are client funds held separately by CFTC-regulated brokers, and what safeguards exist to protect these funds? – Michael T
A: Yes, CFTC-regulated brokers are required to keep client funds in segregated accounts, separate from operating capital. This protects your money in case the broker faces financial difficulties, ensuring it cannot be used for company expenses or lost in bankruptcy.
Q: What should I do if I suspect fraud or unfair practices by a CFTC-regulated forex broker? – Aisha K
A: You should file a complaint directly with the CFTC, which investigates violations and can impose penalties. Additionally, you can contact the National Futures Association (NFA), which oversees broker compliance and offers dispute resolution services.
In Conclusion
CFTC-regulated forex brokers offer traders enhanced safety through strict regulatory oversight, including segregated client funds, transparent pricing, and regular audits. While leverage and trading rules may be more restrictive, these brokers provide a reliable, fair, and secure trading environment, minimizing fraud risks.
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Faq
CFTC regulation signifies that a forex broker operates under strict U.S. governmental oversight. It ensures compliance with financial rules, transparency, and measures designed to protect U.S. retail investors from fraud and manipulation, fostering a more secure trading environment.
CFTC regulation is crucial for forex brokers as it ensures strong investor protection within the U.S. market. It mandates strict financial standards, transparent operations, and safeguards like segregated client funds, greatly reducing the risk of fraud or misconduct, and fostering a more secure trading environment.
Generally, no, if you live outside the U.S., you cannot open a retail forex trading account with a broker that is primarily regulated by the CFTC for U.S. clients. These brokers are structured to comply with strict U.S. regulations specifically for U.S. residents.
To check if a forex broker is CFTC-regulated, use the National Futures Association (NFA) BASIC (Background Affiliation Status Information Center) system. Visit their website (nfa.futures.org/basicnet/) and search for the broker’s name or NFA ID number.
The NFA (National Futures Association) acts as a self-regulatory organization for the U.S. derivatives industry, including retail forex. Designated by the CFTC, its role involves registering firms, enforcing rules, monitoring market activities, and providing investor protection.
The U.S. has some of the strictest forex regulations globally, including low leverage caps and stringent financial requirements. Many international brokers find these regulations too restrictive or costly to comply with, leading to fewer CFTC-regulated options for U.S. residents.
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