The article ranks and details the top five safest and most reliable brokers, focusing on their regulatory compliance, security measures, and trading features.
Safest and Most Reliable Brokers Ranking. Table of Contents
Selecting a broker for safe and reliable trading is a significant challenge faced by traders globally. The industry is riddled with risks such as scams, unclear terms, hidden fees, and difficulties in fund withdrawal, often leading traders into traps set by unscrupulous brokers who use enticing but misleading promises to profit from their clients’ losses.
In response, traders seek brokers that not only provide advanced tools and competitive conditions but also prioritize transparency, strict regulatory compliance, and high security standards. These brokers allow traders to focus on strategy and execution across global markets without concerns about cyber threats, unclear fees, or hidden contractual clauses.
Top 5 Most Trustworthy and Secure Brokers
We have identified five brokers that stand out in the global financial brokerage sector for their safety and reliability:
| Broker | Regulations | Segregated Accounts | Negative Balance Protection | Insurances | KYC Verification |
|---|---|---|---|---|---|
| Deriv | Malta Financial Services Authority – Labuan Financial Services Authority – British Virgin Islands Financial Services Commission – Vanuatu Financial Services Commission – Financial Services Commission, Mauritius | Yes | Yes | Yes | Yes |
| HF Markets | CySEC Cyprus Securities and Exchange Commission – FCA Financial Conduct Authority (United Kingdom) – DFSA Dubai Financial Services Authority – Financial Sector Conduct Authority (FSCA) – Seychelles Financial Services Authority (FSA) + 29 national regulatory bodies | Yes | Yes | Yes | Yes |
| Tradeview Markets | Cayman Islands Monetary Authority (CIMA) – Labuan Financial Services Authority (FSA) – Mauritius Financial Service Commission – Malta Financial Services Authority (MFSA) | Yes | Yes | No | Yes |
| FXPro | FCA Financial Conduct Authority – CySEC Cyprus Securities and Exchange Commission – Financial Sector Conduct Authority (FSCA) – Securities Commission of the Bahamas – Seychelles Financial Services Authority (FSA) | Yes | Yes | No | Yes |
| easyMarkets | CySEC Cyprus Securities and Exchange Commission – Australian Securities and Investments Commission ASIC – Seychelles Financial Services Authority (FSA) -British Virgin Islands Financial Services Commission FSC – South Africa Financial Sector Conduct Authority FSCA | Yes | Yes | No | Yes |
These brokers have been rigorously evaluated on factors including regulatory compliance, account security, negative balance protection, insurance provisions, and their commitment to transparent practices.
In-Depth Analysis of Each Broker
Deriv
Deriv excels as a multi-asset broker with over 2.5 million clients and more than 25 years in the industry. It offers an innovative trading environment that extends beyond traditional brokerage models, focusing heavily on security and client education. Deriv is known for its comprehensive safety measures, robust client support systems, and commitment to transparent trading practices.
| Features | Deriv |
|---|---|
| Regulations | Malta Financial Services Authority – Labuan Financial Services Authority – British Virgin Islands Financial Services Commission – Vanuatu Financial Services Commission – Financial Services Commission, Mauritius |
| Demo Account | Available |
| Minimum Deposit | Starting from zero (varies by selected account) |
| Maximum Leverage | 1:4000 (varies by selected instrument) |
| Platforms | MT5 – cTrader, Deriv X app, Deriv GO app |
| Negative Balance Protection | Available |
| Available Instruments | FX, stocks, ETFs, cryptocurrencies, precious metals, indices, CFDs |
| Social and Copy Trading | Available |
| Spreads | Variable starting from 0.0 pips (varies by account type) |
| Trading Commissions | Starting from zero (varies by account) |
| Deposit Commissions | None |
| Withdrawal Commissions | Varies by selected payment method. |
| Available Accounts | Standard account, Zero Spread account, Financial account, Gold account |
| Swap-free Account (Islamic Account) | Available |
| Educational Material | Available |
| Promotions and Contests | Available |
- Key Features:
- Regulations: Extensively regulated by multiple global authorities.
- Trading Platforms: Offers MT5, cTrader, Deriv X, and Deriv GO apps.
- Account Types: Includes options like Standard, Zero Spread, and Gold accounts.
- Client Security: Ensures funds safety through segregated accounts at top-tier banks.
HF Markets
HF Markets is renowned for its robust infrastructure and user-friendly services suitable for traders of all skill levels. It maintains a high standard of security and offers a broad range of trading instruments. HF Markets is regulated by over 30 national and international bodies, ensuring a secure trading environment.
| Features | HF Markets |
|---|---|
| Regulations | CySEC Cyprus Securities and Exchange Commission – FCA Financial Conduct Authority (United Kingdom) – DFSA Dubai Financial Services Authority – Financial Sector Conduct Authority (FSCA) – Seychelles Financial Services Authority (FSA) + 29 national regulatory bodies |
| Demo Account | Available |
| Minimum Deposit | Zero (varies by selected account) |
| Maximum Leverage | 1:2000 (varies by the instrument and country of residence of the trader) |
| Platforms | MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading, and HFM Platform |
| Negative Balance Protection | Available |
| Available Instruments | Forex, Metals, Stocks, Bonds, Indices, Energies, Commodities, Cryptocurrencies, and ETFs |
| Social and Copy Trading | Available |
| Stop Out Level | Starting from 20% (varies by account and country of residence) |
| Margin Call | Starting from 50% (varies by account and country of residence) |
| Spreads | Variable starting from 0.0 pips (varies by account type) |
| Trading Commissions | Starting from zero (varies by account) |
| Deposit Commissions | None |
| Withdrawal Commissions | Varies by selected payment method. |
| Available Accounts | Standard account, ECN account, Cent account |
| Swap-free Account (Islamic Account) | Available |
| Educational Material | Available |
| Promotions and Contests | Available (availability depends on the region and country of residence) |
- Key Features:
- Strong Regulatory Framework: Includes CySEC, FCA, DFSA, and others.
- Trading Platforms: Provides access to MetaTrader 4, MetaTrader 5, and proprietary platforms.
- Comprehensive Education and Support: Offers extensive educational resources and customer support.
Tradeview Markets
Go to Tradeview Markets Official Website
Tradeview Markets, known for its flexible trading solutions and transparency, provides a level playing field for all traders, regardless of their trading volume or experience level. It supports a variety of platforms and offers competitive trading conditions.
| Features | Tradeview Markets |
|---|---|
| Regulations | Cayman Islands Monetary Authority (CIMA) – Labuan Financial Services Authority (FSA) – Mauritius Financial Service Commission – Malta Financial Services Authority (MFSA) |
| Demo Account | Available |
| Minimum Deposit | 100 USD (varies by selected account) |
| Maximum Leverage | 1:400 (varies by the instrument and country of residence of the trader) |
| Platforms | MetaTrader 4, MetaTrader 5, Webtrader, cTrader, Takion, Lightspeed, Sterling, DAS (stock trading), CQG (futures trading) |
| Negative Balance Protection | Available |
| Available Instruments | Forex, Stocks, Indices, Commodities, Futures |
| Social and Copy Trading | Available |
| Stop Out Level | Starting from 20% (varies by account and country of residence) |
| Margin Call | Starting from 50% (varies by account and country of residence) |
| Spreads | Variable starting from 0.0 pips (varies by account type) |
| Trading Commissions | Starting from zero (varies by account) |
| Deposit Commissions | None |
| Withdrawal Commissions | Varies by selected payment method. |
| Available Accounts | ILC account, XLev account, cTrader account |
| Swap-free Account (Islamic Account) | Available |
| Educational Material | Available |
| Promotions and Contests | Available (availability depends on the region and country of residence) |
Go to Tradeview Markets Official Website
- Key Features:
- Regulatory Compliance: Regulated by CIMA, FSA, and other authorities.
- Trading Platforms: Includes MetaTrader 4, MetaTrader 5, cTrader, and others for diverse trading needs.
- Innovative Trading Tools: Offers features like social and copy trading to enhance trading strategies.
Go to Tradeview Markets Official Website
FXPro
FXPro is a top choice among global traders for its high standards in fund security, advanced trading tools, and client support. It provides a wide range of trading instruments and platform options, catering to various trading preferences.
| Features | FXPro |
|---|---|
| Regulations | FCA Financial Conduct Authority – CySEC Cyprus Securities and Exchange Commission – Financial Sector Conduct Authority (FSCA) – Securities Commission of the Bahamas – Seychelles Financial Services Authority (FSA) |
| Demo Account | Available |
| Minimum Deposit | Zero (varies by selected account) |
| Maximum Leverage | 1:200 (varies by the instrument and country of residence of the trader) |
| Platforms | MT4 desktop – mobile – Webtrader – iOS/Android app – FxPro EDGE web – FxPro mobile app for iOS/Android |
| Negative Balance Protection | Available |
| Available Instruments | Forex, metals, indices, energy, futures, cryptocurrencies, and stocks |
| Social and Copy Trading | Available |
| Stop Out Level | Starting from 50% (varies by account and country of residence) |
| Margin Call | N.D. |
| Spreads | Variable starting from 0.0 pips (varies by account type) |
| Trading Commissions | Starting from zero (varies by account) |
| Deposit Commissions | None |
| Withdrawal Commissions | Varies by selected payment method. |
| Available Accounts | MT4 Instant & MT4 Fixed account, FxPro MT4 account, FxPro MT5 account, FxPro cTrader account, FxPro Platform |
| Swap-free Account (Islamic Account) | Available |
| Educational Material | Available |
| Promotions and Contests | Available (availability depends on the region and country of residence) |
- Key Features:
- Multiple Regulations: Compliant with FCA, CySEC, FSCA, and more.
- Diverse Trading Platforms: Offers MT4, MT5, FxPro EDGE, and native mobile apps.
- Advanced Risk Management: Features high-level encryption and rigorous risk management tools.
easyMarkets
Go to easyMarkets Official Website
Originally focused on cryptocurrencies, easyMarkets now offers a broad spectrum of trading options under rigorous regulatory oversight. It stands out for its client-centric approach, providing innovative tools like deal cancellation and freeze rate.
| Features | easyMarkets |
|---|---|
| Regulations | CySEC Cyprus Securities and Exchange Commission – Australian Securities and Investments Commission ASIC – Seychelles Financial Services Authority (FSA) -British Virgin Islands Financial Services Commission FSC – South Africa Financial Sector Conduct Authority FSCA |
| Demo Account | Available |
| Minimum Deposit | 25 USD (varies by selected account) |
| Maximum Leverage | 1:1000 (varies by the instrument and country of residence of the trader) |
| Platforms | MetaTrader 4, MetaTrader 5, easyMarkets Platform, TradingView, Mobile App |
| Negative Balance Protection | Available |
| Available Instruments | Forex, metals, indices, commodities, cryptocurrencies, and stocks |
| Social and Copy Trading | Available |
| Stop Out Level | Starting from 30% (varies by account and country of residence) |
| Margin Call | Starting from 30% (varies by account and country of residence) |
| Spreads | Variable starting from 0.0 pips (varies by account type) |
| Trading Commissions | Starting from zero (varies by account and country of residence) |
| Deposit Commissions | None |
| Withdrawal Commissions | Varies by selected payment method. |
| Available Accounts | easyMarkets Web/App and TradingView account, MT4 account, MT5 account |
| Swap-free Account (Islamic Account) | Available |
| Educational Material | Available |
| Promotions and Contests | Available (availability depends on the region and country of residence) |
Go to easyMarkets Official Website
- Key Features:
- Extensive Regulation: Licensed by CySEC, ASIC, and others.
- Unique Trading Features: Includes tools such as deal cancellation and zero slippage.
- Educational Resources: Provides comprehensive materials and support for traders.
Go to easyMarkets Official Website
Choosing the right broker is crucial for trading success. The brokers listed above have demonstrated unwavering commitment to providing secure, transparent, and client-focused services. They offer advanced tools, rigorous regulatory compliance, and a safe trading environment, making them ideal choices for traders seeking reliable and secure trading platforms.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!