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Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer

March 30, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. stands out for its high-quality research, strong educational content, and innovative web platform, making it a great choice for both beginners and experienced traders. features competitive pricing and a respectable range of tradeable instruments (including crypto CFDs – though these aren't available to retail traders in the U.K.), but holds fewer regulatory licenses and offers a narrower range of markets than the top brokers in the industry.
4.5/5 Stars Overall
  • Minimum Deposit: $20 info
  • Trust Score: 87
  • Tradeable Symbols (Total): 3007
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CFDs on 3000+ markets

(78.1% of retail CFD accounts lose money)

travel_explore Can I open an account with this broker?

Yes, based on your detected country of HK, you can open an account with this broker. pros & cons

thumb_up_off_alt Pros

  • High-quality educational articles and courses.
  • Newsroom-grade research articles.
  • Average spreads on the EUR/USD during August 2023: 0.67 pips. This is competitive pricing.
  • Good variety of video content for market analysis.
  • eQ patented AI trade bias detection system.
  • Dedicated Investmate educational app’s game-like design makes learning fun.
  • offers 111 cryptocurrency CFDs (not available in the U.K. for retail clients), within its respectable range of over 3000 tradeable symbols.

thumb_down_off_alt Cons

  • MetaTrader 5 is not available.
  • Lacks additional licenses in Tier-1 regulatory jurisdictions (outside of the U.K.’s FCA and Australia’s ASIC).
  • Price alerts are available within's mobile app – but not on its web platform.

Overall Summary

Overall Rating info 4.5/5 Stars
Trust Score info 87
Offering of Investments 4.5/5 Stars
Commissions & Fees 5/5 Stars
Platform & Tools 4.5/5 Stars
Research 4.5/5 Stars
Mobile Trading 4.5/5 Stars
Education 4.5/5 Stars has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Is safe?

Trust Score
87 is considered Trusted, with an overall Trust Score of 87 out of 99. is not publicly traded and does not operate a bank. is authorised by three Tier-1 regulators (Highly Trusted), zero tier-2 regulators (average trust), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system . Learn more about Trust Score or see where the different entities are regulated.

Year Founded info 2016
Publicly Traded (Listed) info No
Bank info No
Tier-1 Licenses info 3
Tier-2 Licenses info 0
Tier-3 Licenses info 0
Tier-4 Licenses info 2

Investment products offers CFDs across a variety of popular asset classes that include 2,732 shares CFDs, as well as 20 indices CFDs, 125 forex CFDs, 111 crypto CFDs, 19 commodities CFDs, and nearly a dozen thematic indexes. Spread betting is only available for U.K. residents.

Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except for Professional clients).

Forex Trading (Spot or CFDs) info Yes
Tradeable Symbols (Total) info 3007
Forex Pairs (Total) info 125
U.S. Stock Trading (Non CFD) info Yes
Int'l Stock Trading (Non CFD) info Yes
Social Trading / Copy Trading info No
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).


Overall, pricing at is slightly better than the industry average. offers a universal account option that is available to retail traders, as well as a professional account for those who qualify as elective professional traders (note: professional clients do not receive the same regulatory protection as retail traders).

Trading costs: lists 0.67 pips as its dynamic spread for the EUR/USD – which we confirmed to be its average spread for the month of August 2023.

Minimum Deposit info $20 info
Average Spread EUR/USD - Standard info 0.67 info
All-in Cost EUR/USD - Active info 0.67 info
Active Trader or VIP Discounts info Yes
ACH or SEPA Transfers info No
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Mobile trading apps

With dedicated mobile apps for both trading and education, has you covered whether you’re a beginner or an experienced trader. MetaTrader loyalists can also use the MT4 app.

Apps overview: offers three mobile trading apps: its proprietary Trading app, the Investmate app for education, and the MetaTrader 4 (MT4) app – all of which are available for iOS and Android from the Apple App Store and Google Play store, respectively.

Note: For this review I focused on’s MT4 and Investmate app. I was unable to install the Trading app due to a country restriction imposed by the developer. For a look at its stock trading app for forex trading, read the review of on our sister site, StockBrokers UK.

Ease of use: The MT4 mobile app is offered by nearly all brokers due to its user-friendly interface, and the variety of features that come standard with MetaTrader. The MT4 mobile app makes viewing and managing positions simple and easy, but it doesn’t support algo trading – for that you’ll need the desktop app.

Charting: MT4’s mobile charts are user-friendly and allow for dozens of indicators. Useful functions such as drawing trend lines and changing the time frame are straightforward, and chart tap is as easy as tapping and holding to enable the quick pie menu.

Trading tools: MT4’s economic calendar is powered by its Tradays app, which requires a separate installation that launches from within the MetaTrader app. To access the MetaTrader community features in the app, you’ll need to log into the MQL5 community.

Other trading platforms offers three trading platform suites: MetaTrader 4 for desktop and mobile,’s proprietary trading app, and the TradingView web platform. TradingView is known for its powerful charting capabilities and is used by technical analysis enthusiasts across the world; learn more by reading our TradingView guide. offers the no-frills MT4 experience straight from the developer, without any noteworthy add-ons that would help stand out from the best MetaTrader brokers.

Platforms overview: The MetaTrader 4 suite is available at for macOS and Windows operating systems, alongside the web version that can be accessed via any modern browser.’s proprietary platform is an easy-to-use web-based trading platform, that comes loaded with a great balance of features.

I found the discover tab to be useful for taking a broad view of the market – to see the most traded, most volatile, and the risers and fallers at a glance. There are also pre-defined watchlists that can be customized and at least ten thematic indices – from e-sports to electric cars to cryptocurrencies.

Overall, the web platform is a great choice for nearly all types of traders, balancing ease of use with a variety of rich features. It ranks closely behind platform offerings from the best forex brokers in this category.

In the video below, I take a tour of's easy-to-use web platform:

Charting: The MetaTrader platform suite is known for its robust easy-to-use charts. Zooming in and out and rearranging windows and tabs is a breeze on MT4. It also supports the ability to drag and drop from the default list of nearly 50 indicators. The web platform stands out in its own right with rich features and a variety of tools, such as pre-defined watchlists that act as screeners to scan the market, along with sentiment data and integrated research from Refinitiv.

Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
Social Trading / Copy Trading info No
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info No
DupliTrade info No
ZuluTrade info No
Charting - Indicators / Studies (Total) info 83
Charting - Drawing Tools (Total) info 18
Charting - Trade From Chart info Yes
Watchlists - Total Fields info 6
View More

Market research’s market commentary is well-organized, offering various theme-specific playlists on YouTube and on its website. It also offers detailed articles under its news and analysis section which I found to be rich with information. From technical analysis to commentary about economic fundamental data points,’s robust research offering exceeds what I’d expect to find with the average broker.

Research overview: offers research alongside its educational content from within the TV section of its website where videos are arranged into playlists.

Market news and analysis: The research videos found in the Market Outlooks section are well made, including the weekly outlook and content for specific symbols. Likewise, the articles that publishes on its website are well-written, link to sources, and often include charts and analysis – comparable to what you would find in a newsroom publication. Overall, I was impressed.

Refinitiv Research Reports:While not applicable for forex symbols, the integrated research reports from Refinitiv allow you to analyze thousands of share CFDs in greater detail from within the web platform. I found the integrated Refinitiv Stock Report to be highly detailed, and delivered 12 pages of data when I used it.

Daily Market Commentary info Yes
Forex News (Top-Tier Sources) info Yes
Autochartist info No
Trading Central (Recognia) info No
Social Sentiment - Currency Pairs info Yes

Education has a solid array of educational materials that includes articles, videos, and a comprehensive lesson program, making it an excellent choice for beginners. This educational program includes 28 lessons spread across five courses, and ends with a final test designed to gauge your progress and your financial knowledge. I found its Investmate app to be even more impressive. It adopts a style influenced by gaming, which allows you to learn at your own pace while tracking your progress.

Learning center: has at least 72 educational videos on its YouTube channel – some of which are embedded in its web platform. It also features ten written guides that I found to be informative and rich with detail, that focus on individual topics such as CFD trading and trading psychology. Several of these guides have sub-articles that dive into even greater detail, explaining various terms and concepts beyond what you would find in an investor glossary. Overall,’s strong educational offering is right up there with the best brokers in this category.

Investmate: Several brokers, such as IG, have created apps strictly dedicated to educating traders, and Investmate is’s answer to this industry trend. Investmate is a great example of a mobile app that makes education its prime focus, while still ranking highly for ease of use and providing a smooth user experience.

Room for improvement:’s educational content would benefit from an expansion of its lesson program. Including more content and offering the ability to organize that content by experience level would further elevate this already-impressive educational tool.

Education (Forex or CFDs) info Yes
Client Webinars info Yes
Client Webinars (Archived) info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

Final thoughts

As a relative newcomer, has proven it can deliver high-quality research and educational content, along with an excellent web trading platform that offers a decent range of markets. For our 2024 Annual Awards, finished best in class for Beginners, Education, Ease of Use, Commissions & Fees, and Crypto Trading.

Expanding its list of licenses in more Tier-1 jurisdictions will help win more trust, and increasing its range of markets will bring it closer to matching up with the best forex and CFD brokers.


Founded in 2016, the brand caters to more than 500,000 registered clients for group, and has group entities authorised and regulated locally in the U.K. by the Financial Conduct Authority (FCA) and in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), in Australia by the Australia Securities and Investment Commission (ASIC), in the Seychelles by the Financial Services Authority (FSA) of Seychelles, and in the Bahamas by the Securities Commission of the Bahamas (SCB). 2024 Annual Awards

For the 2024 Annual Awards, brokers were evaluated against’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.

Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Social Copy Trading, Ease of Use, MetaTrader, Algo Trading, Crypto Trading, and Professional Trading.

For more information, see how we test.

Category awards Commissions & Fees Education Beginners Crypto Trading Ease of Use
Rank #1
Streak #1
Best in Class check check check check check
Best in Class Streak 2 3 3 3 3

Can you withdraw from

Yes, but keep in mind that the method you originally used to deposit funds at may affect what options are available to you for withdrawing funds. The country from which you deposited your funds can also be a factor; if you send funds from a bank account in one country, you’ll have to withdraw funds back to that same country and to that same account (or another bank account under your name, after verifying ownership). These factors can also affect the timing of your withdrawal, which can range from less than 24 hours to as much as five business days (not including any potential delays from your bank or provider on the receiving side).

These kinds of restrictions and limitations (when withdrawing funds) are commonplace at all legitimate brokerages that are regulated in top-tier jurisdictions, and are put in place – in part – to prevent money laundering.

The following payment methods are supported at

  • Visa, Mastercard, and Maestro.
  • Apple Pay.
  • Bank transfer (wire or SEPA transfer).
  • Neteller.
  • Skrill.
  • Google Pay.
  • PayPal.

paymentsUsing PayPal with your forex broker

Check out our PayPal guide to learn more about using PayPal to deposit funds with your forex broker, and to see our picks for the best forex brokers that accept PayPal.

Note: The payment methods available to you will depend on your country of residence and the related entity that holds your account.

As with any broker, withdrawal requests can be rejected under certain circumstances, such as when trying to withdraw to an unsupported payment provider, by exceeding the per-transaction volume limit, or by failing to provide relevant supporting documents for your withdrawal method. A request can also be rejected if you attempt to withdraw too little (withdrawals must be greater than 50 USD, or your currency equivalent, at

Is legal in the US? cannot currently accept U.S. clients, because it doesn’t yet hold the required U.S. license (as a Forex Dealer Member with the CFTC), despite being authorized and regulated in other jurisdictions in which the broker can accept non-U.S. residents. If you are a U.S. resident, you must only trade with a broker that is licensed in the U.S. Check out our international search tool to find out about your specific country of residence and whether can legally accept your account.

2024 Review Methodology

At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex 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. Read more on forex trading risks.

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.