5 Best Forex Brokers with Negative Balance Protection
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.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 |  | Visit Broker |
| 🥉 |  | Visit Broker |
| 4 |  | Visit Broker |
| 5 |  | Visit Broker |
| 6 |  | Visit Broker |
| 7 |  | Visit Broker |
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!
5 Best Forex Brokers with Negative Balance Protection – a Comparison
| 🔎 Broker | 🚀 Open an Account | 🔐 Negative Balance Protection | 💴 Min. Deposit |
| 🥇Plus500 | 👉 Click Here | ✅Yes | 100 USD |
| 🥈Forex.com | 👉 Click Here | ✅Yes | 50 USD |
| 🥉IG | 👉 Click Here | ✅Yes | 50 USD |
| 🏅eToro | 👉 Click Here | ✅Yes | 10 USD |
| 🎖️OANDA | 👉 Click Here | ✅Yes | None |
5 Best Forex Brokers with Negative Balance Protection in USA (2024)
- ☑️ Plus500 – Overall, the Best Forex Broker with Negative Balance Protection.
- ☑️ Forex.com – Best Online Trading Experience for US traders.
- ☑️ IG – Impressive Proprietary Offering in USA.
- ☑️ eToro – Popular Forex Broker for Beginners.
- ☑️ OANDA – Best Mobile Trading Experience for seasoned traders.
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 |
| 📌 Year Founded | 2008 |
| 👤 Amount of staff | 1,000+ |
| 👥 Amount of active traders | Over 400,000 active traders (as of the latest reports) |
| 📍 Publicly Traded | Yes, listed on the London Stock Exchange (LSE: PLUS) |
| 🛡️ Regulation and Security | Very High |
| ⭐ Regulation | FCA CySEC ASIC MAS FSA EFSA DFSA CFTC |
| 🌎 Country of regulation | UK Australia Cyprus New Zealand |
| 1️⃣ Suited to Professionals | ✅Yes |
| 2️⃣ Suited to Active Traders | ✅Yes |
| 3️⃣ Suited to Beginners | ✅Yes |
| 🥰 Most notable Benefit | Wide range of tradable instruments (CFDs on forex, stocks, commodities, indices, etc.), competitive spreads, user-friendly platform |
| 🥺 Most Notable Disadvantage | Limited educational resources for beginners, lack of fundamental analysis tools |
| 🔃 Account Segregation | Client funds are kept in segregated accounts |
| 🪫 Negative balance protection | ✅Yes |
| 🔋 Investor Protection Schemes | Client funds are protected under the Financial Services Compensation Scheme (FSCS) in the UK, and other local protection schemes |
| ⚙️ Account Types and Features | Real Account Demo Account |
| 💴 Minor account currencies | USD, EUR, GBP, and other major currencies available for trading; minor currencies not as widespread |
| 💶 Minimum Deposit | $100 (or equivalent in other currencies) |
| ⏰ Average deposit processing time | Instant (depending on payment method) |
| ⏲️ Average withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | No withdrawal fees for most methods |
| 💷 Spreads from | 0.8 pips (depending on the market conditions) |
| 💳 Commissions | No commissions spreads only |
| 🪙 Number of base currencies | 7 (USD, EUR, GBP, AUD, JPY, CHF, and CAD) |
| 💰 Swap Fees | Applicable swap fees/overnight financing |
| ↪️ Leverage | Up to 1:30 for retail clients (varies by region) |
| ➡️ Margin requirements | Varies by asset class typically between 2% to 5% |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | 1-2 seconds |
| 📈 Total CFDs Offered | Over 2,000+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🌽 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💹 Deposit Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 💱 Withdrawal Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 🖥️ Trading Platforms | Plus500 WebTrader, Plus500 Mobile App +INSIGHTS |
| 💻 OS Compatibility | WebTrader (browser based), iOS, Android |
| 🖱️ Forex trading tools | Basic charting tools, risk management tools (stop-loss, take profit), no advanced trading tools like MetaTrader4/5 |
| 🩷 Customer Support | Responsive |
| 🐦 Social Media Platforms | Facebook YouTube |
| 🗯️ Languages supported | English, Spanish, German, French, Italian, Portuguese, Dutch, Chinese, and other languages |
| 🎓 Forex course | No comprehensive course; limited resources |
| ✏️ Webinars | Limited availability |
| 📔 Educational Resources | Basic tutorials and guides |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Hundreds of affiliate partners globally |
| 🤝 IB Program | ✅Yes |
| 🎉 Sponsor | Legia Warsaw Chicago Bulls BSC Young Boys |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There 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 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 from | 0.1 |
| 📉 Commissions | ✅ Yes |
| 💴 Inactivity Fee | ✅ Yes |
| 💶 Deposit Fee | ✅ Yes - Third-Party |
| 💵 Withdrawal Fee | ✅ Yes - Third-Party |
| 💻 Trading Platforms | MT4, MT5, Proprietary |
| 🆓 Demo Account | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low Forex Fees | Limited to Forex and CFDs |
| Variety of Currency Pairs | High Stock CFD fees |
| Diverse technical tools | Not user friendly |
Our Insights
The benefits of trading with Forex.com include a wide selection of educational resources and responsive customer support.
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 |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG 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
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 Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
The benefits of trading with eToro include access to Social Trading, educational resources, and responsive, friendly customer support.
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 Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
Our Insights
The Highlights of trading with OANDA include dedicated customer support, several trusted deposit options, and, Affiliate Options.
What is Negative Balance Protection?
Negative Balance Protection (NBP) ensures that Traders do not lose more than the Balance of their account.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 | | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 | | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 | | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 | | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 | | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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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