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5 Best Forex Brokers with Negative Balance Protection

Edited by: Louis Schoeman

Negative Balance Forex Brokers in USA

 

The 5 Best USA Forex Brokers with Negative Balance Protection – Rated and Reviewed.
We have listed the Best Forex Broker with NBP for US Clients.

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In this in-depth guide, you will learn:

 

  • The Best Forex Brokers with Negative Balance Protection – a List
  • What is a Negative Balance Protection in Forex?
  • Does MT4 have Negative Protection?
  • What happens if my Trading Account goes into a Negative?
  • Leading USA Forex Brokers for Beginners

 

and much, MUCH more!

 

6 Best Forex Brokers with Negative Balance Protection

 

5 Best Forex Brokers with Negative Balance Protection – a Comparison

 

🔎 Broker🚀 Open an Account🔐 Negative Balance Protection💴 Min. Deposit
🥇Plus500👉 Click Here✅Yes100 USD
🥈Forex.com👉 Click Here✅Yes50 USD
🥉IG👉 Click Here✅Yes50 USD
🏅eToro👉 Click Here✅Yes10 USD
🎖️OANDA👉 Click Here✅YesNone

 

5 Best Forex Brokers with Negative Balance Protection in USA (2024)

 

  1. ☑️ Plus500 – Overall, the Best Forex Broker with Negative Balance Protection.
  2. ☑️ Forex.com – Best Online Trading Experience for US traders.
  3. ☑️ IG – Impressive Proprietary Offering in USA.
  4. ☑️ eToro – Popular Forex Broker for Beginners.
  5. ☑️ OANDA – Best Mobile Trading Experience for seasoned traders.

 

Plus500

 

Plus500

Plus500 is a well-established and globally regulated fintech firm that provides online trading services in contracts for difference, share dealing, futures trading, and options on futures.  Moreover, it is a registered FCM with CFTC.

Negative Balance protection is provided on the Single Live trading account available. In addition, a 100 USD minimum deposit must be made upon registration. In addition, notable broker highlights include:

 

  • 24/7 Multilingual Customer Support
  • Spreads from 0.8 Pips
  • Leverage of up to 1:300
  • Access to over 60 Currency Pairs

 

Furthermore, a Proprietary Trading Platform is supported, and, Mobile Trading is available. Trading instruments and Products include Cryptocurrencies, Forex, Indices, Commodities, Shares, options, and, ETFs.

 

🔎 Broker🥇 Plus500
📈 RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC
📉 Ease of Use5/5
📊 Support Hours24/7
💹 Trading PlatformsPlus500 platform
↪️ Account TypesLive Trading Account
💴 Base CurrenciesUSD, GBP, ZAR, EUR
📌 SpreadsFrom 0.8 pips
📍 Leverage1:300
💶 Currency Pairs60+; minor, major, and exotic pairs
💵 Minimum Deposit100 USD
💷 Inactivity FeeYes, 10 USD after three months of inactivity
🚀Open an Account👉 Click Here

 

Plus500 Overview

 

Pros and Cons

 

✅ Pros❌ Cons
The Plus500 platform does not have a high learning curve like other platformsPlus500 does not offer MetaTrader or any other third-party platforms
Plus500’s demo account is ideal for testing trading strategies and practicing tradingThere are high CFD fees because of wider, marked-up spreads
Plus500 works on a spread-only basis, free from commission feesThere is a 0.7% currency conversion fee

 

Our Insights

The benefits of trading with Plus500 include commission-free trading. Moreover, the Broker operates on a spread-only basis.

 

Forex.com

 

Forex.com

Forex.com is a highly regulated and trustworthy Forex Broker that provides Contracts for Difference (CFDs) and low spreads. In addition, it is regulated by five tier-1 regulators, including CFTC and NFA. Furthermore, protection against a Negative account balance is provided on all accounts, including:

 

  • Spread Only Account
  • Raw Account
  • MT4 and MT5 Accounts
  • Corporate Account
  • VIP Account

 

The minimum deposit required is 50 USD. Additionally, Forex.com supports TradingView, MetaTrader 4, and, MetaTrader 5.  Furthermore, trading instruments and products available for trade are Forex, Stock CFDs, Indices, Crypto, and, Commodities.

 

🔎 Broker🥇Forex.com
💰 Min. Deposit$100 USD
📈 Spreads from0.1
📉 Commissions✅ Yes
💴 Inactivity Fee✅ Yes
💶 Deposit Fee✅ Yes - Third-Party
💵 Withdrawal Fee✅ Yes - Third-Party
💻 Trading PlatformsMT4, MT5, Proprietary
🆓 Demo Account✅ Yes
🚀 Open an Account👉 Click Here

 

Forex.com Overview

 

Pros and Cons

 

✅Pros❌Cons
Low Forex FeesLimited to Forex and CFDs
Variety of Currency PairsHigh Stock CFD fees
Diverse technical toolsNot user friendly

 

Our Insights

The benefits of trading with Forex.com include a wide selection of educational resources and responsive customer support.

 

IG Review

 

IG

IG is a well-established Forex and CFD service provider with over 40 Years of experience in the financial markets. Several account types with NBP are offered, including:

 

  • CFD/DMA Trading Account
  • Limited Risk Trading Account
  • Options Trading Account
  • Turbo24 Trading Account
  • Share Dealing Account
  • Spread Betting Account

 

Moreover, Islamic, Swap Free Trading, and a Demo Option are available. In addition, supported trading platforms include MT4, ProRealTime, L2 Dealers, and, FIX API.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefit of trading with IG includes access to a large variety of trading instruments and products, including Forex, Indices, Share CFDs, and, Crypto.

 

eToro Review

 

eToro

eToro is a popular Forex and CFD Broker with access to Social Trading. License and Regulations include CySEC, FCA, ASIC, FSA, and, the NFA. In addition to high regulatory compliance, Negative Balance Protection is offered on the Standard Retail Account.

Trading Platforms supported is a single Proprietary Offer with a Mobile option available for download. Trading instruments and Products include Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
🤝 Affiliate Program✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include access to Social Trading, educational resources, and responsive, friendly customer support.

 

OANDA

 

OANDA

OANDA is a popular Forex and CFD service provider with a high user trust score. Regulations by renowned and trusted agencies include IIROC, ASIC, CFTC, and, the NFA. In addition, account options with NBP include Standard, Core, Swap-Free, Premium, and, Premium Core accounts.

Trading instruments and Products include Forex, indices, commodities, metals, shares, energies, and, cryptocurrencies. Supported Trading Platforms include MetaTrader 4, MetaTrader 5, and, a Proprietary Mobile App.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

The Highlights of trading with OANDA include dedicated customer support, several trusted deposit options, and, Affiliate Options.

 

Negative Balance in Forex

 

What is Negative Balance Protection?

Negative Balance Protection (NBP) ensures that Traders do not lose more than the Balance of their account.

 

What is Negative Balance Protection?

 

In Conclusion

The selection of Brokers on this list will ensure that Traders do not go into a Negative Balance on their trading Accounts by offering a level of Protection. However, it should be noted that the Traders account can still end in zero balance.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that offer NBP, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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Faq

It is a level of protection provided that ensures that Traders do not lose more than the Balance of their account.

The Minimum deposit to Register with Plus500 is 100 USD.

A Virtually funded Demo Account is available.

Regulations include the CFTC and the NFA.

eToro offers 24/5 Customer Support.

Credit cards, Debit cards, wire transfers, and several e-wallets are accepted.

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