Review 2022: Pros & Cons | Scam Or Safe? review


Min Deposit


Min Spread


Broker Trusted Points

Regulation is one of the leading brokers on the internet today. Several global financial regulatory bodies, including UK’s FCA, CySEC and ASIC, regulate the broker. With a presence in over 183 countries, holds offices in the United Kingdom, Gibraltar, Cyprus and Belarus. 

Over 3,700 assets, including 27 indices, 200 cryptocurrencies, 37 commodities, 3293 stocks, and 138 currency pairs, are available to trade on the broker’s platform. The broker has already completed trades totalling more than $88 billion. With over 7,88,000 client base, has grown to its full potential.

On the other hand, the broker offers a minimum deposit of $20 and a minimum withdrawal of $50, which is relatively low in comparison to other brokers. Furthermore, the broker provides a variety of trading instructions, instructional materials, and access to the most recent news.

For more information regarding the broker, read our Review till the end. Review: Is it Regulated?

The main question that arises in every trader’s mind before investing – Is the broker regulated or not? That’s quite obvious. If you’re also confused about, don’t worry; the broker is well regulated by several global financial regulatory bodies, including:

  • UK’s Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Australian Securities and Investments Commission (ASIC) 
  • National Bank of Republic of Belarus (NBRB)

Apart from regulations, the broker ( UK LTD) is authorized and registered in England and Wales with registration number 10506220. In addition, the broker is also registered in other countries, including Cyprus and Australia. Hence, all these points prove that is a legal and well-regulated broker.   

Advantages and Disadvantages of

As a leading broker, offers several benefits to its users. But nothing is perfect in this world; the broker has some disadvantages too; however, it’s not that much in numbers. With our detailed review, have a look at a few advantages and disadvantages of the broker below: 


  • Offers commission-free trading
  • Low minimum deposit and withdrawal
  • Hassle-free account opening process
  • Tight spreads
  • Offers Demo account to users
  • User-friendly and advanced trading platform
  • Live Chatbot for client’s enquiry
  • 24/7 Customer Support
  • Offers Educational and Research support
  • Regulated by several global financial regulators
  • Mobile application is available on iOS and Playstore. 


  • MT5 platform not available
  • US clients not allowed
  • Charges overnight fees Review: Types of Accounts offers three different types of accounts for two categories: retail and professional. The account types are as follows:

  • Standard
  • Plus
  • Premier

Although all accounts have the same basic characteristics, the advantages differ depending on the kind of account opened. In addition, the minimum deposit varies, ranging from $100 for the Standard to $10,000 for the Premier accounts.

Standard Account:

  • The minimum deposit is up to $3000
  • Variable spread
  • Hedging and Scalping Allowed
  • Mobile trade available

Plus Account: 

  • Minimum deposit starts from $3001-$9999
  • Variable spread
  • Hedging and Scalping Allowed
  • Mobile trade available

Premier Account: 

  • The minimum deposit is $10,000
  • Variable spread
  • Hedging and Scalping Allowed
  • Mobile trade available

Invest Account: 

The ‘Invest’ is the broker’s newest account offering, and it provides clients with a fee-free stock investment service with tight spreads. This account allows European traders to trade stocks and shares with no commissions, transaction fees, or mark-ups.

Account Opening Process in 

The account opening process in is seamless, quick, and fully digital. However, the account authorization process usually takes 24 hours to complete. 

To create an account with, follow these steps:

Step 1: You will get immediate access to the live platform after creating an account. 

Step 2: Click’ Complete registration’ on the platform.

Step 3: Answer basic data-related questions (country of residence, employment status, financial status). 

Step 4: Choose a currency for your account.

Step 5: Finally, submit a copy of your personal identification (passport, driver’s licence, or national identification card) as well proof of residency (bank statement, utility bill, etc.). Review: Major Trading Instruments

In this Review, we have listed major trading instruments offered by the broker. offers a wide range of markets and assets classes to its users in comparison to other brokers. 

  • Forex Trading on 138+ currency pairs
  • Cryptocurrencies
  • 23 Indices
  • Commodities
  • Stocks

Commissions and Spreads on 

In comparison to other brokers, offers the best prices, zero commissions and tight spreads to its users. In addition, the broker doesn’t charge any fee for sign up, deposit, withdrawal, inactivity, per trade fees and real-time quotes. However, charges overnight fees, but it’s quite low. 

The tight spreads offered by helps its users in maximizing their earnings. The spreads start from 0.06 pips for Standard retail accounts. Overall, the fees and commissions at are in line with the industry average. Review: Leverage complies entirely with the ESMA’s leverage rules in all asset classes.

Here’s leverage available for all trading instruments:

  • For major currency pairings, the ratio is 30:1.
  • Non-major currency pairings, gold, and major indexes have a 20:1 leverage.
  • For commodities and non-major stock indexes, the ratio is 10:1.
  • 5:1 for individual stocks and other benchmarks
  • For cryptocurrency, the ratio is 2:1

These leverage requirements are in place to reduce a trader’s risk – this is especially crucial for beginners, as overextending a position without enough capital may be quite dangerous.

In addition, offers negative balance protection, which means that a trader cannot lose more than the money they deposit. Traders who want to access greater amounts of leverage can apply for a professional account, but this needs expertise in trading.

Withdrawal and Deposit Process in

After completing the account opening process, you can start trading on with the minimum deposit required for that particular account. 

The broker offers 5 base currencies to choose from: USD, GBP, PLN, EUR and AUD. Apart from this, we suggest you open a multi-currency account at a digital bank to save currency conversion fees. 


Several payment options are available at for adding deposits to your account. Users will not have to pay any deposit fee for adding funds to their accounts. 

Available payment options include: 

  • ApplePay
  • Visa 
  • Mastercard
  • Bank/wire Transfer
  • Worldpay
  • RBS
  • Trustly


The method to withdraw your funds is the same as for deposits. The broker charges zero commission on trading. Here in our detailed review, we have listed the step-by-step process for withdrawal. Have a look at it!

Step 1: First, make sure you’re logged in to your account.

Step 2: In the upper right corner of the screen, choose ‘Live’

Step 3: From the drop-down option, choose ‘Withdraw Funds’

Step 4: Choose your withdrawal method and the amount you want to take out. Review: Trading Platforms offers multiple trading platforms to its users, including MT4 and TradingView. The MetaTrader 4 suite is available for macOS and Windows operating systems, as well as an online version that can be accessed using any modern browser. 

The online platform is simple to navigate and offers a good mix of features. The discover tab was helpful for getting a wide picture of the market – seeing the most traded, most volatile, and risers and fallers all at once. 

Additionally, there are at least 10 topical indexes, ranging from e-sports to electric automobiles to cryptocurrency, as well as pre-defined watchlists that may be altered.

Features of’s trading platforms: 

  • Over 70 technical indicators.
  • Multiple chart types are available
  • Multiple chart layouts are available
  • A wide range of drawing tools are available

Company Details: 


  • Indices 
  • Forex 
  • Commodities 
  • Cryptocurrency 
  • Shares 


  • Country: UK
  • Registration No: 10506220
  • Regulations: FCA, CySEC, NBRB, ASIC

Customer Service: Review: Mobile App offers a web-based platform as well as a full-featured mobile application (CFD Trading App), available for iOS and Android. You can download the application from the google play store and app store.

Additionally, the broker also offers an app called ‘Investmate’, which serves primarily as an instructional platform for new traders and can be downloaded on iOS and Android. 

Features of the Mobile app:

  • Easy to use interface
  • Offer access to over 6000 markets
  • Advanced financial analysis
  • Risk management
  • Alerts for prices
  • Educational support
  • Offers up to 10 accounts
  • Customized watchlists Review: Educational and Research Support

Research Support: In the TV section of the website, the broker offers research alongside its educational material. The market commentary on is well-organized, with several theme-specific playlists available on YouTube and on the company’s website.’s extensive research offering, which includes anything from technical analysis to comments on economic core data points, are all positive points. 

Educational Support: features a good selection of educational support to new traders, including articles, videos, and a thorough lesson programme. This instructional programme consists of 28 lectures divided into five courses, with a final test to assess your development and financial understanding. 

On the other hand, the broker’s ‘Investmate’ app is quite good for novice traders. It has a gaming-inspired design that allows you to study at your speed while keeping track of your progress. In addition,’s YouTube channel features at least 72 instructive videos, some of which are available on the company’s online platform.

Customer Support: 

The customer service of is available via the following channels: 

Apart from these modes, you can also connect to customer service over other platforms such as Telegram, WhatsApp, Viber and Facebook Messenger, which is a huge advantage. provides a fantastic live chat service; no matter what time of day or night, clients usually receive a response and connect with an agent within minutes. The replies were good in terms of relevance.

Even for more difficult questions, email assistance worked effectively; you may receive responses within a day. We can also see their relevant FAQ pages to help you if you’re getting troubled while connecting to customer care. 

Phone assistance is one area that can be improved. Customers are usually routed to email and live chat assistance if no agents are available.


After our detailed review, it is no surprise that the broker is offering best-in-class services to traders and is well regulated and licenced by top-tier global regulators such as the FCA in the United Kingdom and ASIC in Australia.

On the bright side, Forex CFD costs are minimal, the account opening is simple, and customer service is excellent. At the same time, the disadvantages of the broker will remain its limited CFDs (equity, index, crypto, commodities, forex) offering. 

Other disadvantages include the non-availability of price notifications on the online platform, and only major currencies are supported as account base currencies. However, it can be a good option because there is no inactivity charge, and the account setup process is quick and fully digital. 

If you’re still in confusion about the broker, you can start trading on more reliable and advanced brokers such as PrimeFin and InvestBy. Both brokers offer tight spreads, high leverage and best-in-class services to their users worldwide. 


Is suitable for new traders? is not recommended for novices. If you’re looking for other brokers, you can visit PrimeFin or InvestBy. 

Does FCA regulate UK LTD is authorized and registered in England and Wales with registration number 10506220. The broker is regulated by the UK’s top tier financial regulator FCA. 

What is the minimum deposit in

The minimum deposit for a standard account is up to $3000. 

Is a scam or legit? is a legitimate broker, regulated by several global financial regulators. 

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