BROKERS A – M
This is an alphabetic list from A to M of the most common brokers that provide online services for traders. Please note that some websites provide inadequate information for the creation of a comprehensive summary. Also note that many brokers are country-specific and that you may not be able to open an account if you do not live in that country. If you can open an account for a broker that is based in a different country, you are likely to have to pay currency exchange fees when depositing and withdrawing funds. Alternatively, there are some global brokers which have desks in a variety of countries with trading platforms that are specific to each country. All prices quoted were correct at the time of logging, but may have since changed, plus there may be time-based discounts subsequently made available.
ABN-AMRO
ABN-AMRO is the third largest Dutch bank, being 80% government and 20% publicly owned. Its brokerage, ABN-AMRO Clearing offers access to a wide range of listed instruments on markets around the world. Trading is carried out through its My Dealingroom trading platform which has been specifically designed for active traders, with real-time data and access to over 20,000 financial instruments, plus standard charting features and technical indicators. However, while the My Dealingroom function is free, it can only be used in combination with ABN-AMRO’s Self-directed Investing Plus trading platform which charges service and transaction costs for which a comprehensive list is provided on its website. ABN-AMRO has local offices in the Asia-Pacific Region, Europe and America. Its software is both PC and Mac iOS compatible. [Logged: February 2023]
ADM Investor Services
ADM Investor Services Inc (ADMIS) specialises in futures brokerage. It is a registered FCM and is supported by a network of affiliated brokers and sister companies across America and globally. It offers three, free, in-house, self-directed, online trading platforms: Oak Web, Oak Desktop and Apex. Oak Web is a basic trading services, with a simple order ticket entry; Oak Desktop offers real-time electronic quotes, customisable quote boards, waterfalls and account windows; while Apex offers real-time quotes and news, on-screen trading, share order management and fill information, extensive charting capabilities, and depth of market. There is also a paper-trading account which can be readily accessed. ADMIS also provides free access to three third-party trading platforms: CQG, Cunningham Trading Systems (CTS) and Trading Technologies TT® platform. ADMIS has direct exchange connectivity to North American futures exchanges, including CME, CBOT, NYMEX/COMEX, NYBOT, KCBT, MGE, and ICE, and delayed-only US equities including NYSE, NASDAQ and AMEX. It also offers options on futures. ADMIS has mobile apps for all Apple, Android and Blackberry devices. With HQ in Chicago Illinois, US, ADM Investor Services is a wholly-owned subsidiary of the Archer-Daniels-Midland Company, commonly known as ADM (NYSE:ADM), which is an American multinational food processing and commodities trading corporation founded in 1902. [Logged: February 2023]
See the Charting A–M page for more information about CQG and CTS.
See the Charting N–Z page for more information about Oak and Trading Technologies.
Admirals
Formerly Admiral Markets, Admirals is a globally-regulated forex and CFD broker, offering trading on over 8,000 financial instruments via popular trading platforms MetaTrader 4, MetaTrader 5 and cTrader. Admirals offer the Supreme Edition as an extension of the MetaTrader platform for free. There are three account types: a Standard Trade Account, a Zero Account which is commission based, and an Invest Account for clients in the UK and Europe who wish to trade equities and ETFs. Admirals also offers a demo account. The platform is PC and Mac iOS compatible (through Parallels software), plus offers a mobile app and a learning academy which includes a free 20-day forex training course, Zero to Hero. Traders in Australia need 100 (AUD, EUR, GBP, USD, SGD) in their account to start trading, while traders in the UK and Europe need 100 (EUR, GBP, USD, CHF) or 200 (BGN), 1000 (CZK), 750 (HRK), 25,000 (HUF), 250 (PLN) or 250 (RON). Admiral Markets is a no-dealing desk broker (sometimes called a b-book broker) which means they connect their clients with liquidity providers who provide quotes as the counter-party to each trade. Customer service representatives can be contacted by phone, email or live chat. While email and phone contact methods are only 24/5, live chat is available 24/7. Admirals was founded in 2001 in Kesklinn, Estonia, by Alexander Tsikhilov, a former engineer, and is registered as a security and commodity contracts broker with ASIC, CySEC, and FCA. It is licensed by various regulatory authorities in the UK, Estonia, Cyprus, Canada, South Africa, Australia, Seychelles and Jordan. As of 2022, Admiral Markets Group had representative offices in 18 countries through its regulated investment company subsidiaries and had a client portfolio in more than 145 countries. In the same year, Admirals started its operations in Jordan, expanding its presence in the Middle East and North Africa (MENA) region, and also obtained a license for financial activities in South Africa. Between 2017 and 2020 Admirals experienced a number of problems with clone websites. [Logged: March 2023]
See the Charting A–M page for information about cTrader, MetaTrader 4 and MetaTrader 5.
AGN Futures
AGN Futures LLC is a brokerage firm that provides access to nearly 2000 commodity futures products traded on 30 exchanges worldwide. Product groups offered include commodities, currencies, equity indices, interest rates, metals and soft commodities, via futures and options. The brokerage provides access to charting and trading fucntions through six third party system options: CQG, CTS-4, eSignal, Rithmic, Sierra Chart and Trading Technologies. AGN Futures provides a full-page listing of its day trading and overnight margin requirements for trading futures which is set by the exchanges and is universal for all brokerages. While AGN Futures offers automated trading, there is no information about it on the website other than the benefits of automated trading and a form to request ‘an overview of available systems’. [Logged: March 2023]
See the Charting A–M page for information about charting and trading platforms CQG, CTS-4 and eSignal.
See the Charting N–Z page for information about charting and trading platforms Rithmic, Sierra Chart and Trading Technologies.
Ally Invest
As part of a full financial services business, including banking and credit cards, Ally Invest’s charting software is powered by third-party advanced charting platform Trading Central. With a comprehensive suite of commissions and fees across a broad range of financial instruments, Ally Invest offers no commission fees on US-listed stocks, ETFs or options, plus no account minimum to get started. However, there is a US$0.50 fee per options contract. It also has specialised options analysis tools, such as a probability calculator and dynamic profitability graphs. However, Ally Invest does not offer crypto currency or futures trading. While the trading platform is intuitive and relatively easy to use, Ally Invest’s trading service only has basic functionality for orders. There is no capacity for contingent orders for stop losses and take profits, such as attaching profit-taking and stop-loss levels to an initial limit order, and no support for trailing stops. Educational videos are provided for ETFs and options trading. There is 24/7 user support through phone and email. Ally Invest supports both PC and Mac iOS, with trades possible across multiple devices: desktop or with mobile and tablet apps for iPhone and Android, although not all financial instruments are available on the mobile app. It also offers robo portfolios. For Ally Invest clients who also bank with Ally Bank, money transfer is fast and they can see the full extent of their financial status on one platform. Ally Invest was founded in 2005 and is headquartered in Charlotte (NC) USA. [Logged: February 2023]
AMP Futures
Offered by AMP Global, AMP Futures is a low commissions futures, forex and CFD online brokerage which provides access to over 50 trading platforms, including CQG, eSignal, MetaTrader 5, MultiCharts, QuantTower, Rithmic, Sierra Chart, TradingView and Trading Technologies. Of these, AMP Futures offers free access to four platforms (QuantTower, MetaTrader 5, MultiCharts.net and TradingView) and to four multiple data-feeds (Sierra Chart, Atlas, JigsawTrading and MotiveWave). AMP Futures also offers a demo account which enables simulated trading using real-time quotes for select Globex, e-CBOT, and single stock futures contracts, as well as delayed quotes for pit-traded CBOT, CME, Eurex, Comex and Nymex contracts, with access to depth of market for Globex, e-CBOT, and single stock futures contracts and real-time streaming charts for major stock index futures contracts. The minimum deposit at AMP Futures is $100, with all major currencies accepted as deposits. However, funds can only be deposited from accounts that are in the trader’s name. There are no monthly inactivity fees. AMP Futures provides 24-hour customer service and trade-desk support. Extensive educational material is available on the AMP website. AMP Global group entities comprise: (1) AMP Global Clearing LLC (AMP Global USA) which is authorised as a Futures Clearing Merchant (FCM) regulated by the National Futures Association and the Commodity Futures Trading Commission with HQ in Chicago, America; and (2) AMP Global Limited (AMP Global Europe) which is authorised as a Cypriot Investment Firm (CIF) regulated by the Cyprus Securities and Exchange Commission, and is headquartered in Limassol, Cyprus. [Logged: March 2023]
See the Charting A–M page for information about Atlas, CQG, eSignal, JigsawTrading, MetaTrader 5, MotiveWave and MultiCharts.
See the Charting N–Z page for information about QuantTower, Rithmic, Sierra Chart, TradingView and Trading Technologies.
ANZ
Australia’s four major banks are Australia and New Zealand Bank (ANZ), Commonwealth Bank, National Australia Bank (NAB), and Westpac. ANZ’s share investing service is now provided by CMC Markets Stockbroking Ltd. [Logged: March 2023]
See the listing below for information about CMC Markets.
ApexFutures
ApexFutures free trading platform, ApexTrader, offers live data feed, integrated charting, a trading simulator (demo account) and $500 day-trade margins. Its depth-of-market (DOM) window allows for one-click order placement of market, limit, stop, MIT, stop-limit and advanced order strategies including OCOs, brackets, breakout brackets, multi-brackets, trailing stops, MOCs, OSOs, and Icebergs, along with Level 2 real-time quotes that show best bids/asks with quantities. The quote window provides fast real-time streaming market data which can be customised to preferences. Traders can set price alerts, add or remove ticker symbols and open DOMs and charts for symbols, plus trade from the charts. The integrated charts are highly customisable and traders can view the markets in 10 different styles including OHLC bars and candlesticks, plus it has 100+ built-in indicators that are also customisable. Data comes in all timeframes, from one second upwards, and includes tick data. Traders can write their own custom indicators or systems using C#, or allow the trading platform to convert existing TradeStation EasyLanguage® code to view on Apex Futures charts or auto trade. Custom indicators can be saved to a user library and publishes in the community Store for others to see. Data can be linked directly to Microsoft Excel which allows traders to view quotes and trade automatically according to preset formulas in the spreadsheet. All of the functions available in the ApexTrader API are directly accessible in Excel. Traders can record market data on the charts and play it back later in simulated trading mode to review the day’s action and try different strategies. The data can even be played back at predefined speeds to allow for faster testing. Extensive support for options trading is offered, with pull-up option chains for electronically traded futures which show current bid/ask and allow trades in complex option spreads like butterflies, condors, strangles and straddles. There is a $3,000 account minimum for retail traders ($500 for micro accounts) and a $25,000 account minimum for high-volume traders. ApexFutures is a member of NFA and is registered with CFTC as an introducing broker. It provides online brokerage services to clients worldwide in futures and options. Its clearinghouse data-centres are co-located in Chicago inside the world’s top IBX centre, Equinix, with direct access to the following exchanges: CME Group (CME, COMEX, NYMEX & CBOT), ICE, ICE Europe, Eurex, NYSE/Liffe and Liffe. ApexFutures is based in Chicago (Il) USA. [Logged: March 2023]
AvaTrade
AvaTrade is an Australian, ASIC-registered broker that is also registered across eight other jurisdictions globally. It’s trading platform, WebTrader, has been specifically designed for novice traders. It also offers access to MetaTrader 4 and MetaTrader 5, with Mac-trader interfaces and iPhone and iPad apps. There is also a demo account available. The minimum deposit required to open an account is $100. AvaTrade offers low spreads and no commissions, with up to 1:30 margin leverage on equities, options, bonds, RFTs, forex, cryptocurrencies, commodities and indices, plus facilitates CFD trading. For beginners and novice traders, AvaTrade has an educational trading ebook and a range of video tutorials, including some for advanced traders. AvaTrade offers access to two copy-trade services: DupliTrade™ and ZuluTrade which enable replication of the trades of professional traders. It also offers its Australian clients automated trading through the use of expert adviser bots. Established in 2006, AvaTrade is headquartered in Dublin, Ireland, and has offices in Abu Dhabi, Australia, Chile, France, Italy, Japan, Malaysia, Mexico, Mongolia, Poland and South Africa. It has a 24-hour, multilingual support desk. [Logged: March 2023]
See the Charting page for information about MetaTrader 4 and MetaTrader 5.
See the Copy Trading page for information about DupliTrade and ZuluTrade.
BD Swiss
Summary currently being prepared.
Binance
Binance is not a broker, but a cryptocurrency exchange where traders can buy or sell crypto in exchange for cash, or make crypto to crypto trades. It has high liquidity and offers discounts to users who pay in BNB—the exchange’s native cryptocurrency token. Binance US only offers access to about 90 coins. In April 2023, the Australian market industry regulator, ASIC, cancelled Binance’s derivatives licence to trade there. [Logged: March 2023]
Bloomberg Tradebook
Bloomberg Tradebook is the agency broker of Bloomberg L.P. It serves global investment advisors, money managers, hedge funds, proprietary desks and broker dealers with access to global trading venues, proprietary trading algorithms, execution consulting services, pre-and-post trade analytics and independent research. Through a trading platform integrated with the Bloomberg Professional service, Bloomberg Tradebook provides its customers with direct market access to more than 110 markets for equities, futures, and options across 44 countries, as well as forex trading for 43 currency pairs. Tradebook offers over 55 proprietary algorithms designed for each asset class and market. In addition to proprietary charting, Bloomberg can also be used to analyse individual securities, including equities, fixed income, currencies, commodities, mutual funds and ETFs. It also offers backtesting capability. Real-time data for Bloomberg Tradebook comes from Bloomberg Terminal. Founded in 1981, Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in New York (NY) USA. Bloomberg Tradebook was founded in 1996 by Kevin Foley as an electronic communication network and an alternative trading system for US equities. [Logged: April 2023]
Bybit
Bybit is not a broker, but a cryptocurrency exchange founded by Ben Zhou in 2018 and headquartered in Dubai, United Arab Emirates. Bybit deals in crypto derivatives, and offers up to 100x leverage, advanced tools and a low risk environment supported by educational resources to learn and experiment. Bybit has a number of security measures in place to protect client assets, including storing all client funds offline in cold storage. It also individually reviews each withdrawal request manually to minimise unauthorised withdrawals. Bybit is not available in America. [Logged: April 2023]
Cannon Trading Company
The American broker Cannon Trading Company has been a commodity futures trading company since 1988. It caters for new traders, experienced traders, day-traders, investors and professional traders and hedgers. For self-directed traders, Cannon Trading offers a choice of more than 10 futures trading platforms and a broad suite of other third-party platform providers such as FireTip, MultiCharts, Sierra Chart, TradingView and MetaTrader 4 and 5. It also connects to Open E Cry’s trading platform OEC Trader. Cannon’s own proprietary trading platform, E-Futures International, has streaming real-time intraday quotes, historical charts, no platform fees, and data fees can be as low as US$1 per month per exchange. Its order entry includes regional exchange depth, automated brackets, conditional and advanced orders, and one click execution from the charts. Advanced features include custom indicators, strategies and backtesting, algorithmic trading (through connectivity to the iSystems Automated Trading System Platform) and market replay, plus software application tutorials are available. There is a 30-day free demo account where clients can try futures trading as an introduction to using the platform. The minimum account size is US$3,000. Cannon Trading also provides comprehensive options software for its options specialist clients. Additional services at Cannon Trading include daily support and resistance levels, live alerts for breaking news, customised technical analysis on demand for all futures contracts, and educational webinars. The company is based in Los Angeles (CA) USA. [Logged: March 2023]
See the Charting A–M page for more information about FireTip and MultiCharts.
See the Charting N–Z page for more information about Sierra Chart, TradingView, MetaTrader 4 and MetaTrader 5.
See the Brokers N–Z page for information about Open E Cry.
See the Automated Trading page for information about the iSystems automated trading system.
Disambiguation: See the Automated Trading page for information about the Australian company Cannon Trading that delivers algorithmic trading services.
Capital.com
Launched in 2016, the goal of Capital.com was to ‘make financial markets accessible to everyone’ regardless of their wealth or level of experience. Its web and app-based platforms now support more than four million traders globally. The broker has access to over 3,700 markets for stocks, ETFs, and derivatives of indices, commodities, shares and currency pairs. It offers transparent pricing with zero commission, no hidden fees, low overnight fees and tight spreads. In addition to its proprietary trading platform, Web Platform, Capital.com offers access to MetaTrader 4 and TradingView. Web Platform charting has multiple chart types and layouts, 70+ technical indicators, extensive drawing tools, personalised watchlists, seamless multi-chart toggling (up to six tabs). A hedging mode is also available. The mobile app is available from both the Apple AppStore and Google Play. Prioritising free and extensive education for traders, Capital.com provides a host of practical learning tools including a free, real-time demo account, rolling news feeds, a YouTube channel, Capital.com TV, as well as more than 5,000 pages of financial content and analysis. Capital.com has 24/7 customer service. Founded by Victor Prokoprnya, its head office is in UK, with branch offices in Australia, Bahamas, Cyprus, Poland, Bulgaria, Seychelles and Singapore. [Logged: April 2023]
See the Charting A–M page for more information about MetaTrader 4.
See the Charting N–Z page for more information about TradingView.
Charles Schwab
Charles Schwab is a multinational financial services company and the 8th largest bank in America. Its highly frequented trader platform, StreetSmart Edge, uses technical signals and scanning capability from third-party, advanced charting platform Trading Central. There are no commission fees on online-listed stocks and ETFs, plus no account minimums to get started. However, there is a US$0.65 fee per options contract and a US$6.95 fee for US OTC equities. Financial instruments offered include national and international stocks, options, bonds, mutual funds, ETFs, futures, and cryptocurrencies, plus robo portfolios. Orders are entered through an all-in-one trade ticket which includes bracket and conditional orders. StreetSmart Edge includes Screener Plus which uses real-time data to allow traders to filter stocks and ETFs based on a range of fundamental and technical criteria, including technical signals from Trading Central. Traders can select parameters and integrate Screener Plus results with pre-defined watchlists. Idea Hub™ allows traders to explores options trade ideas based on sentiment and strategy. There is 24/7 user support through phone and email, and comprehensive educational material. With a highly customisable desktop workstation, StreetSmart Edge, supports both PC and Apple Mac devices, with trades possible across multiple devices: desktop or with mobile and tablet apps for iPhone and Android. Schwab is one of the largest discount brokerages in the world and has won numerous industry recognition awards, such as Investor Business Daily’s Top Online Broker award which it won for nine years in a row. The original company, Charles Schwab & Co, was founded in 1971 and has its HQ in New York (NY) USA. It acquired TD Ameritrade in October 2022. [Logged: February 2023]
See the Brokers N–Z page for information about TD Ameritrade.
See the Charting N–Z page for information about Trading Central.
City Index
Established in 1983, City Index is a global FX and CFD trading provider. In addition to its proprietary Web Trader platform, City Index offers MetaTrader 4 and mobile apps for iOS and Android which access TradingView charts (complete with 80+ custom indicators, drawing tools and on-chart trading). Fully customisable, Web Trader provides access to over 6,300 financial instruments on an easy-to-use, browser-based platform, complete with customisable workspaces, fast and reliable execution, advanced charting and the ability to trade directly from the charts. Deal tickets can be simplified to one-click trading mode. The new Performance Analytics tool give clients insight into their trading behaviour, to help them improve their trading across four key metrics. City Index’s technical analysis research portal, Trading Central, is provided to assist traders identify potential opportunities. The broker also provides SMART Signals which assists traders find recurring price action patterns based on years of market data. News and market analysis is provided on the City Index website. It also offers a free live demo account. City Index has a complex suite of pricing and charges covering commissions, spreads (which may be fixed or variable), overnight financing, and other potential fees. City Index is part of the StoneX Group Ltd which has headquarters in New York (NY) USA, plus has offices in London, Singapore and Sydney. [Logged: April 2023]
See the Charting A–M page for more information about MetaTrader 4.
See the Charting N–Z page for more information about TradingView.
CMC Markets
CMC Markets is a UK-based financial services company that offers online trading in shares and EFTs, and spread betting and CFDs for forex pairs, indices, commodities, treasuries (government debt instruments such as gilts, bunds, bonds and treasury notes) and cryptocurrencies (19 major and alt coins, baskets and indices). The broker facilitates crypto trading through a range of advanced order types, including trailing and guaranteed stop losses, partial closure, market orders and boundary orders on every trade. CMC Markets has three proprietary trading platforms: Share Trading Standard, Share Trading Pro and Next Generation. Designed for the active trader, the Standard platform has a charting package with 100+ technical indicators and measurements, 40 drawing tools, and 10 years of price history. Chart intervals range from one minute to one month. Customised charts can be saved as default. Integrated technical signals, candlestick patterns and trade ideas at stock level are offered from leading technical analysis provider Trading Central. CMC Markets’ proprietary Pro trading platform has a suite of advanced features and user-interface tools, including an extensive list of studies, overlays and drawing tools. While the Standard platform is free, the Pro platform is AU$49 per month which includes live-streaming data. The Next Generation platform was specifically built for CFD traders. It combines institutional-grade features and security, with lightning-fast execution and best-in-class insight and analysis. It has advanced order execution, a pattern recognition scanner and a Client Sentiment tracking tool which shows traders where the market is bullish and where it is bearish based on real-time trades allowing traders to identify trends based on how that sentiment changes over time across either the whole client base or just the set of top traders. In addition to its proprietary platforms, CMC Markets offers a link to third-party charting provider MetaTrader 4 to trade CFDs. There is a demo account for simulated trading. All platforms are compatible with both iOS and Android, plus there are native mobile apps for iPad, iPhone and Android. CMC Markets has two separate account types: Share investing and CFD trading. For the Share investing account, brokerage costs are zero on Australian shares up to $1,000, and free for US, UK, Canada and Japan equities. For CFD trading, CMC Markets has a complex suite of trading costs which includes commissions, spreads, margins, market data fees, guaranteed stop-loss order charges, holding costs, overnight financing, and other potential charges. CMC is headquartered in London, UK, with hubs in Sydney and Singapore for which there are separate trading offices. [Logged: April 2023]
See the Charting A–M page for more information about MetaTrader 4.
See the Charting N–Z page for more information about TradingView and TradingView.
Coinbase
Coinbase is not a broker, but is a cryptocurrency exchange where traders can buy or sell crypto in exchange for cash, or make crypto to crypto trades and withdraw coins to PayPal or your Bitcoin wallet. [Logged: March 2023]
CommSec
Australia’s four major banks are Australia and New Zealand Bank (ANZ), Commonwealth Bank, National Australia Bank (NAB), and Westpac. Commonwealth Bank’s brokerage is CommSec which is fully integrated into Commonwealth Bank customer accounts. As well as its basic desktop charting and trade application, CommSec also connects to IRESS ViewPoint. The financial instruments offered by CommSec are Australian shares, options and warrants, and EFTs, and international shares (including LSE, TSE & NYSE). CommSec’s trading platform, though basic, is free with an account. There is no account minimum. Trading is carried out via a deal ticket and email verification is sent of orders and completed trades. You must be 18 or older and have an Australian residential of postal address to open an account. The basic level of CommSec provides static charts and watchlists, but not real-time data, whereas the addition of IRESS provides tick-level, live-stream data. Access to IRESS is $82.50 (charged in arrears for the previous calendar month) or free if at least eight eligible trades are placed in a month. Brokerage fees for both domestic shares are: AU$10.00 per trade up AU$1,000; AU$19.95 up to AU$10,000; AU$29.95 up to AU$25,000; and 0.12% of trade value over AU$25,000. There is a minimum share purchase of AU$500. Fees for international dealings vary between exchanges and are provided in a comprehensive schedule. Currency exchange fees and some market fees, such as a transaction levy, are also applied to international trades. There is phone and online support from 8.00am to 6.00pm AEST. CommSec offers CommSec One for active traders which provides exclusive trading benefits and dedicated support, packaged in a single program, including access to a dedicated CommSec One service team. The CommSec mobile app is available for iOS and Android. [Logged: March 2023]
See the Charting A–M page for information about IRESS.
Crossland LLC
Founded in 1985, Crossland LLC is a privately-held FCM which provides clearing services to professional traders, proprietary trading groups, commercial and institutional trading operations, and self-directed traders, in the futures and options markets. Their trading technology aids market participants with network solutions for algorithmic software, institutional brokers, professional trade groups, market makers and individual traders. Crossland also provides 24 hour, 6 days a week technical support for professional traders. Its clearing services include capturing and managing trades, as well as the management of netting, margins, credits, and collaterals. The company also provides risk management tools to manage portfolio risk; omnibus clearing services to financial institutions and non-clearing futures commission merchants in the United States and internationally; and introducing broker services. In addition, it provides network solutions for algorithmic trading applications; direct connections to futures exchanges; server hosting services; and various trading platforms. Headquartered in the Chicago Board of Trade building, Crossland provides direct connections to the following exchanges: CME Group (including the Chicago Board of Trade and the Chicago Mercantile Exchange), Eurex, NYSE Euronext (including NYSE Liffe and NYSE Euronext Paris Exchange), Intercontinental Exchange (including the New York Board of Trade and the International Petroleum Exchange), Minneapolis Grain Exchange and the Kansas City Board of Trade. [Logged: April 2023]
TST comment: We have been unable to find a website for Crossland LLC.
Daniels Trading
Daniels Trading offers futures and CFDs and specialises in broker-assisted futures trading, managed futures investment, self-directed online futures trading, futures trading advice signal execution, and automated futures trading strategy execution. Its proprietary trading platform, dt Pro, offers all of the standard features of an advanced trading platform including DOM, Microsoft Excel DDE, intraday charting, block allocation, historical charting, market replay, advanced technical indicators, auto x, advanced drawing tools, automated trading, advanced orders, customer indicators, real-time streaming quotes, real-time account management, real-time charts and indicators, option and futures, direct market access, and pit and electronic markets. Self-directed traders have access to three levels, Basic, Plus and Premium, with increasing access to service modules, such as order entry and trade management assistance, monitoring of account activity, positions and margining, one-on-one platform tutorials, and ongoing broker consultation services. In addition to its own trading platform, Daniels Trading offers access to charting platform MultiCharts and has a mobile option. Daniels Trading also offers a range of futures trading platforms for a demo account through a live simulator. The minimum account size is US$2,000, although that may vary according to what financial instruments are to be traded. Commission rates are generally higher than average as Daniels Trading believes in providing a high level of service and support to its clients. In addition to standard documentation, account applicants must provide details of their financial condition and investment experience, such as annual income, total and liquid net worth, source of net worth and funds, and years of trading experience in each asset class. Although citizens from other countries are able to open an account with a valid passport and address verification, accounts are not open to Canadian citizens. Founded in 1985 Daniels Trading is headquartered in Chicago (IL) USA. [Logged: April 2023]
TST comment: While the website states that ‘Daniels Trading uses clearing firm StoneX Financial Inc, Gain Futures Division’, its Twitter profile states that ‘Daniels Trading is now StoneX Financial Inc, Daniels Trading Division’.
See the Charting A–M page for information about MultiCharts.
Deep Discount Trading
Deep Discount Trading offers futures and CFDs directly to the exchange with very low commission rates. Data feed fees are charged separately to commission fees, according to vendor rates. Charting is offered through some 13 third-party software companies including CQG, eSignal, Firetip, MultiCharts, Rithmic and Sierra Chart. The account minimum is US$3,000. Deep Discount also states that: ‘other trading platforms may be available upon special request; traders must have experience and basic knowledge on how to enter and exit orders properly to attain flat status online or at the trade desk; trading platforms alone do not have the ability to route orders directly to the exchanges, so that is why a feed is also required; and special services available include API access for developers, and colocation for direct market access for high frequency traders.’ [Logged: April 2023]
See the Charting A–M page for information about CQG, eSignal, Firetip and MultiCharts.
See the Charting N–Z page for information about Rithmic and Sierra Chart.
Discount Trading
Discount Trading is a futures brokers offering free platforms, free quotes/data, setup support, no minimum trade requirements, no account inactivity fees, ultralow commissions of US$0.49 or less, and day-trade margins as low as $300 per contract on select markets. All the popular markets are available, including crude, e-mini, gold, grains, currency futures through CME, CBOT, COMEX, GLOBEX, NYMEX and select EUREX products. Charting is offered through more than 20 third-party software companies including CQG Desktop, CTS, eSignal, Firetip, MultiCharts, Rithmic and Sierra Chart, TradingView. Discount Trading offers a free US$50,000 demo account through a live simulation of its ‘most popular trading platform’. It also offers algorithmic trading through iBroker Global Markets. Based in Valparaiso (IN) USA, Discount Trading provides a free news and research service. [Logged: April 2023]
See the Charting A–M page for information about CQG Desktop, CTS, eSignal, Firetip and MultiCharts.
See the Charting N–Z page for information about Rithmic, Sierra Chart and TradingView.
See the Automated Trading page for information about iBroker Global Markets.
Dorman Trading
In operation for over 50 years, family-operated Dorman Trading is an FCM firm which provides execution and clearing services for introducing brokers, retail customers, institutional clients, professional and self-directed traders. Exchanges covered are CME, ICE US, EUREX, MGEX, CBOT, ICE UK, CFE NYMEX, COMEX AND ERIS. Dorman Trading has direct CME market connectivity through hosting at the CME Data Center, and charges CME exchange fees over three different options (Purchase, Lease and Corporate). Dorman Trading offers a large selection of trading platforms. Its proprietary system, Dorman Direct, offers T4 Sniper (a client side application that allows traders to create, chart and trade custom spreads; Options Pro (with advanced option capabilities with trading sheets, analyzer, heat map, create UDS, RFQ); Order Templates (create and save Standard Batch orders to simplify repeated patterns in order submission and Multi Exit OCO to create a relationship of orders with a predefined set of profit and loss targets); Spread Matrix to display multiple months of a given contract with different views such as Calendar spreads, Butterflies and Condor strategies in options; Market on Close orders (select a time to start and stop an order and how many orders to make up the quantity to be executed); Order Counts (the total number of orders that make up the volume at any given price); and Market Mode Countdown (display in seconds how long before the next market mode change, i.e. the number of seconds before preopen or close). There is a PC mobile app available from either the Google Play Store or the Amazon App Store that has real-time quotes, contract windows, charts, order book and quote boards. There is also a free demo account with Dorman Direct. Third-party trading platforms include CQG Desktop and CQG Client, eSignal, MultiCharts, R | Trader, Sierra Chart, Trading View and Trading Technologies, all of which offer a free trial period. International clients can open an account with appropriate ID. Dorman also offers auto trading through the iSystems platform (over 1400 automated trading strategies created by 80+ professional developers), a free trial to get started. Based in Chicago (IL) USA, Dorman Trading is owned by Miami International Holdings Inc. [Logged: April 2023]
See the Data page for information about the CME Data Centre.
See the Charting A–M page for information about CQG, eSignal and MultiCharts.
See the Charting N–Z page for information about R | Trader, Sierra Chart, Trading View and Trading Technologies.
See the Automated Trading page for information about iBroker and iSystems.
E*TRADE
E*TRADE is generally regarded to be among the top 5 brokers in America. With its two trading platforms, E*TRADE Web (for novices) and Power E*TRADE (for professionals), the broker caters to all types of traders. Its trading platform has advanced, though intuitive and easy-to-use charting and analysis tools with real-time and historical data, powered by Markit Digital and Chart IQ. Financial instruments covered are stocks, options, ETFs, mutual funds and bonds. There are also risk-analysis systems and tools to assist in understanding the probability of options trades. However, there is no international exchange trading and no direct crypto trading except Bitcoin futures. Fractional shares are only available through a robo portfolio or dividend reinvestment plan. There is no account minimum and no commissions for stock and AFT trades. Options are US$0.65 per contract (US$0.50 for 30+ trades per quarter), and futures contracts are US$1.50. Order execution is through a ticket system whereby the instrument is selected, then buy or sell details entered. Trading is enhanced through personalised watchlists which have direct trade buttons from each instrument. Power E*TRADE’s trade ticket is detailed, with projections of maximum profit and loss associated with each order. Advanced order types (e.g. bracketed, one-cancels-the-other) are available. E*TRADE has a stock scanning function through its Live Action scanner. E*TRADE supports both PC and Mac iOS, with trades possible across multiple devices including desktop and mobile and tablet apps for iPhone and Android, with customisable charts on mobile apps. The service also includes news and extensive educational services, as well as the capacity to trade a demo account. Founded in 1982, and the pioneer in online trading, E*TRADE was acquired by global financial services company Morgan Stanley in 2020. [Logged: March 2023]
See the Scanning page for information about E*TRADE‘s Live Action stock scanning system.
Eightcap
Eightcap is an Australian brokerage company that offers 1000+ financial instruments, including 350+ Australian, US, UK, and European shares, indices, commodities, 40+ major and minor forex pairs, and 100+ crypto derivatives (including crypto-crosses and crypto indices). It also offers a free demo account. Eightcap fees are relatively low. A Raw account has an AU$250 minimum deposit, spreads from zero pips, and AU$3.50 commission, while a Standard account has an AU$500 minimum deposit, spreads from 1.0 pips, and no commissions. Charting is offered through third-party software companies MetaTrader 4 and 5, and Trading View. Automated trading is offered through Capitalise.ai. It also offers Cryptocrusher, though not to Australian clients. The website has forex news, CFD news, real-time market updates, commentary and insights from global market analysts through its Trade Zone education section. Eightcap is headquartered in Melbourne, Australia, and has an office in Seychelles. [Logged: April 2023]
See the Charting A–M page for information about MetaTrader 4 and MetaTrader 5.
See the Charting N–Z page for information about TradingView.
See the Automated Trading page for information about Capitalise.ai.
eToro
The web-based trading platform produced by broker eToro offers access to over 3,000 financial instruments, including global stocks, ETF, indices, foreign exchange, crypto and CFDs, plus a demo account with a USD$100,000 virtual account balance, and an Android mobile app OpenBook. Stock, option and EFT commissions are zero, while forex and CFD fees are low. However, there may be other fees associated with trading through eToro, such as account withdrawal fees. Clients are able to deposit and withdraw funds using a variety of payment methods, including eToro Money which has free, instant deposits with no FX conversion fees, and instant withdrawals, although it is only available in selected regions. Other methods include wire transfers and bank cards. Investor protections are enforced in participating countries by regulators such as ASIC in Australia, CySEC in Europe, and FCA in UK. eToro’s trading platform, ProCharts, has features for novices and experts, including one-click trading, trailing stop-loss, and watchlists. The eToro website has a comprehensive suite of educational materials, including news, podcasts, daily financial market reviews, user video tutorials and guides. As well as providing traditional brokerage services, eToro specialises in social trading through both copy trading functions (eToro CopyTrader) and copy portfolio functions (eToro Investment Portfolios, formerly CopyPortfolios). It now has one of the largest and most active social copy-trading communities of any brokerage in the world. eToro was founded as RetailFX in 2007 in Tel Aviv by brothers Yoni Assia and Ronen Assia together with David Ring. In 2010, the firm released the eToro OpenBook social investment platform, along with its CopyTrader feature. Its head office is located in Central Israel and the company has registered offices in Cyprus, UK, US and Australia. The platform is available in multiple countries worldwide. [Logged: April 2023]
See the Automated Trading page for information about eToro’s copy trading functions.
Fidelity
Investments
As a diversified financial services company, Fidelity Investments is the largest brokerage firm in America. Its downloadable trading interface is Active Trader Pro®. However, traders who want to trade with Fidelity have to both open a brokerage account and, separately, download the software. Active Trader Pro® has real time alerts through real-time analytics. Traders can also define entry and exit strategies, visualise a trade’s potential risk and reward on a chart, and set an alert to stay on top of price movements, all with Trade Amor®. The service also includes a daily dashboard with real-time news and trade ideas through Real-Time Analytics. Financial instruments covered are stocks (including fractional US shares), options, ETFs and mutual funds. However it does not offer futures, options on futures, commodities, currencies or cryptocurrencies. There is no international exchange trading and no direct crypto trading. Options trading for novices is facilitated by the Options Trade Builder. Traders can create and place up to 50 orders, including conditional orders and trailing stops, plus short selling is available. There is no account minimum and no commissions for online US stock trades and EFTs. At US$0.65 per contract, options fees are similar to competitors. Order execution is of a high standard as Fidelity uses proprietary trade execution algorithms that route orders to up to 50 market centres, such as exchanges, market makers, and automated trading systems. Order types supported include buy, sell, and stop orders (including trailing stops) with more sophisticated orders available on Active Trader Pro®. There is an extensive range of educational material on Fidelity’s website in various formats, including articles, videos, webinars and infographics. Customers can also discuss trading ideas with professionals. Active Trader Pro® is PC (32 and 64 bit) and Mac iOS (64 bit) compatible. A mobile app is available for Android, iOS, Amazon and Google Assistant-enabled devices, but the app does not support fixed-income trading or conditional orders. Founded in 1943 and headquartered in Boston (MA) USA. [Logged: March 2023]
TST comment: Trading accounts with Fidelity are restricted to US and main island residents.
Firstrade
Securities
Firstrade Securities is a stockbrokerage firm and broker-dealer that offers trade in US stocks, ETFs, options, mutual funds, bonds, and cryptocurrencies, with 38 of the most popular coins available to trade. Orders are made through a customisable Account Dashboard which gives two separate columns: one providing an account snapshot with a dynamic display, and the other focused on market movers, indices and news. Orders are entered from the Firstrade Quick Bar. The platform includes a real-time streaming watchlist and alerts. A mobile platform is available for iOS and Android. Commissions are low or $0 per trade. There is no minimum stock trading deposit nor an account maintenance fee. Client accounts are insured by SIPC for up to $500,000. With a focus on education, Firstrade offers free options trading courses for beginner and experienced traders, full options trading video library, and live trading events with professional investment strategists. There is customer support by phone and email over extended-hours trading, from 8am – 8pm ET. Established in 1985, Firstrade is headquartered in New York (NY) USA. International clients from 28 countries (though not Australia) are able to open an online account with submission of passport details. [Logged: April 2023]
Forex.com
Summary currently being prepared.
Fortrade
Fortrade was founded in the UK in 2013 to provide products and services for foreign exchange and CFD trading conducted online. It now offers a wide range of financial instruments: stocks, currency pairs, cryptocurrencies, indices, energy products, precious metals, agricultural commodities, US Treasury bonds and ETFs, plus it facilitates hedging on CFDs. As well as its proprietary trading platforms Web Fortrader (plus iOS Fortrade App and Android Fortrade App) which are accessible from any PC, Mac or mobile device, Fortrade offers connectivity with MetaTrader 4 (WebTrader4, Desktop MetaTrader4, Mobile MetaTrader4). Fortrader’s trading platform provides an efficient means to track, analyse, and trade in a wide range of equity derivatives using a single cross-device platform. With a low memory and latency footprint, Fortrade delivers real-time data, implements fixes and enables rapid setting of new trades with ultra-high speed and precision. A demo account is offered with €10,000 of virtual money. An account minimum deposit of £100 is required, but the broker suggests customers deposit at least £500. The trading minimum might be larger according to margin requirements for trading. Foretrade also offers Islamic accounts which are available and run in accordance with Sharia law (with a minimum deposit of US$2,000). Fortrade’s educational material includes trading online seminars, trading ebooks, beginner and advanced trading courses, trading videos, and top day-trading strategies. There is 12-hour customer support via email, live chat and phone between 9 am and 9 pm GMT Monday to Friday. Fortrade’s headquarters are located in London, UK, and serves clients in over 110 countries with 15 languages covered. It does not trade in some 40 countries, including United States. It is registered in a number of other countries including Canada (Fortrade Canada Limited), Australia (Fort Securities Australia Pty Ltd.) and Mauritius (Fortrade Mauritius Ltd). [Logged: March 2023]
See the Charting A–M page for information on MetaTrader 4.
FP Markets
FP Markets is an Australian DMA broker with a platform specifically designed for forex trading. It offers trade via CFDs for shares, forex, cryptocurrencies, indices, commodities, forex, bonds and metals. Traders can access 10,000+ financial instruments across global financial markets using IRESS, an advanced online trading platform specifically designed for CFD trading. In addition to IRESS, FP Markets offers links to cTrader and MetaTrader 4 and 5, plus mobile apps are available for both Apple and Android. A demo account is also offered, as is an Islamic account with swap-free trading. FP Markets has ECN pricing, with price streamed directly from its liquidity providers which ensures tight, competitive spreads, ultra-fast execution, low latency, and minimal slippage. Two account types are available: Standard and Raw. Standard has spreads from 1.0 pips and zero commissions, while Raw has spreads from 0.0 pips and a $3 commission per lot each way. Both have a maximum leverage of 30:1. The minimum amount needed to open an FP Markets account is $100. For IRESS CFD accounts, the minimum opening balance is $1,000. For MetaTrader platforms, the minimum deposit is $100. Spreads can be as low as zero pips, although commissions are charged where there is zero spread. There are also transaction fees associated with MetaTrader 4 and 5 accounts for forex and metals. Plus commissions are charged for share CFDs which vary between exchanges (e.g. Australia is 0.05% while UK and EU are 0.10%) and apply to both account types. Other fees and commissions may also apply, including platform access fees which vary between providers. FP Markets provides 24/7 multilingual customer support, personal account managers, and segregated client funds. FP Markets also offers Autochartist, a powerful technical analysis tool that provides real-time trade setups for both beginner and experienced traders. Trading opportunities are delivered via email, mobile applications with push notifications, within the client area and in the MT4/MT5 platform. The Autochartist system delivers 1000+ actionable trade opportunities and ideas per month. The website has extensive educational resources in its Traders Hub including podcasts, ebooks, articles, news, platform videos tutorials, webinars, daily reports and market insights for both fundamental and technical analysis traders. There is also the Traders Toolbox which is a suite of 12 online trading tools that includes an economic calendar, risk management through Alarm Manager, automated position management, the Correlations Trader, which helps traders understand trend direction, and the Correlation Matrix which provides an overview of how different currency pairs are correlated. Founded in 2005 by Matthew Murphie, FP Markets has headquarters in Sydney and is regulated by the ASIC, CySEC and ESMA. [Logged: April 2023]
See the Charting A–M page for information about cTrader, IRESS, MetaTrader 4 and MetaTrader 5.
See the Copy Trading page for information about FP Market’s copy trading functions.
Fusion Markets
Fusion Markets is an Australian low-cost online broker offering trading services in forex (90+ pairs), energy (crude oil, Brent oil and natural gas), precious metals (gold, silver, platinum, etc), equity indices, 110 American share CFDs, and cryptocurrency CFDs. There is no minimum account size, no deposit fees and a rapid sign-up process. There are two account types: Zero and Classic. Zero is the most popular account with Fusion traders. With spreads starting from zero pips and an AU$4.50 commission, the account is designed for people who have traded before, understand how commission sizing works and are typically more active. The Classic account is for beginners who want to keep things simple by avoiding calculating a commission before each trade. Spreads start from 0.8 pips with zero commissions. A more detailed table of fees for individual instruments is supplied on the website. For charting, clients have a choice of using either MetaTrader 4 or 5 which are downloaded to the trader’s devise or used online via WebTrader for MT4. Trading via iPhone, Android and tablet with the MetaTrader 4 apps is also available. FusionMarkets offers copy trading with a system where traders can manage money for friends or family with Fusion’s copy-trading platform Fusion+, plus it also offers access to DupliTrade software. The head office of Fusion Markets is in Melbourne, Australia. It is also licensed to operate in Seychelles and Vanuatu. [Logged: March 2023]
See the Charting A–M page for information about MetaTrader 4 and MetaTrader 5.
See Copy Trading page for information about DupliTrade
FXCM
Summary currently being prepared.
FX Pro
Summary currently being prepared.
FXTM
Summary currently being prepared.
Gain Capital
Holdings
Summary currently being prepared.
Gemini
[Crypto specialist] Summary currently being prepared.
Global Futures
Summary currently being prepared.
GoMarkets
Summary currently being prepared.
Groww
Summary currently being prepared.
High Ridge Futures
Summary currently being prepared.
IC Markets
International Capital Markets is a global forex and CFD ECN broker. It is the largest forex CFD provider by forex volume in the world. Other CFDs available are: stocks (+2100 large-caps across the ASX, NYSE and NASDAQ exchanges); indices (26 indexes); commodities (20+ in energy, agriculture and metals); global bonds (including Japan, Europe, UK and US); global futures (including ICE Dollar Index and CBOE VIX Index); and cryptocurrencies (21 offered with 24/7 trading). IC Markets offers trading through cTrader and MetaTrader 4 and 5 platforms. IC Markets has three different accounts: Raw Spread with cTrader, Raw Spread with MetaTrader and a Standard account. Spreads are, respectively, 0.0, 0.0 and 0.6; commissions per lot round turn are US$3.00, US$7.00, and US$0.00; starting deposits are US$200 for all accounts; server locations are London, New York and New York; and the maximum number of position orders per account are 2,000, 200 and 200. All accounts allow micro-lot trading (0.01 contract size), one-click trading, 61 currency pairs, index CFD trading, 50% stop-out level, and Islamic accounts. The Raw Spread with cTrader account is considered most suitable for day traders and scalpers, the Raw Spread with MetaTrader suitable for EAs and scalpers, and the Standard account suitable for discretionary traders. A free demo account is available which can access all account types, platforms and products. IC Markets also offers professional accounts with increased leverage (up to 500:1) over retail accounts, and segregated funds protection. Note, however, that Australian IC Markets Wholesale (Pro) clients are not entitled to certain protections afforded to retail clients under Chapter 7 of the Australian Corporations Act (2001). Applicants for Pro client accounts need to pass either a Wealth Test or a Sophisticated Investor Test. With low latency fibre optic and an Equinix NY4 server, IC Markets has ultra-fast order execution which facilitates access to the algo functions of cTrader, MetaTrader 4 and Meta Trader 5 platforms for traders who want to run automated trading strategies. All IC Markets products are compatible with Windows, Mac, iOS and Android devices. Founded in 2007, the company IC Markets AU is based in Sydney, Australia, with offices in Adelaide and Perth. IC Markets also operates in Europe as IC Markets EU Ltd (based in Cyprus and regulated by CySEC), in Africa as IC Markets Global Raw Trading Ltd (based in Seychelles and regulated under SFSA) and in Latin America as IC Markets Intl (based in the Bahamas and regulated by the Securities Commission of the Bahamas). [Logged April 2023]
See the Charting A–M page for information about cTrader, MetaTrader 4 and MetaTrader 5.
IG Markets
Summary currently being prepared.
Interactive Brokers
Often known by its Nasdaq ticker symbol IBKR, Interactive Brokers operates the largest online brokerage firm in America (by number of daily average revenue trades). With over two million client accounts, it is generally regarded as one of the top 5 brokers in America. The downloadable IBKR trading platform, Trader Workstation, has real-time streaming data and includes advanced technical analysis functions with over 100 indicators, and fully customisable charts. The depth and breadth of functions and trade analytics can, however, be daunting. Interactive Brokers has 27 different advanced trading tools including: ChartTrader (for trading directly from charts); Continuous Futures (for commodity futures scanning and analysis); DepthTrader (for in-depth analysis of market liquidity); OptionTrader (deeper options analysis with specific strategies); ProbabilityLab (for testing the probability distribution of a particular trade); and Portfolio Manager (for backtesting). There is a free demo account with a three-month trial period available, and no requirement to fund an account. It is possible to attach a third-party analytics program to the Trader Workstation platform and there is a demo version which allows traders to learn how the platform works and to test trading scenarios. IBKR offers novice traders a simplified trading platform IBKR Lite. Financial instruments covered are stocks, options, futures, spot currency pairs, US spot gold, cryptocurrencies, bonds, and funds in 150 markets from the one account, plus fractional share trading in US and European stocks. There is a comprehensive fee schedule, but the basics are that there is no account minimum and no commissions for online US-based stocks, EFTs and mutual funds available on Trader Workstation Lite. At US$0.65 per contract, options fees are similar to competitors. Futures contracts are US$0.85. IBKR client accounts are managed through Interactive Broker’s Client Portal platform. There are low costs, scaled by volume, for active traders who want advanced functionality such as order routing. Order execution streamlined with IBKR’s SmartRouting which allows for automatic routing of each leg of a trade to the lowest-cost market maker, though this is not available to IBKR Lite clients. Over 100 order types are offered. The IBKR trading platform, Trader Workstation, is PC and Mac compatible. Its Global Trader mobile app is available for Android and iOS devices and although it is not quite as robust as the desktop Trader Workstation, the app allows international access. Interactive Brokers also offers connections via API to Ninja Trader and ProRealTime live-trading platforms. Incorporated in 1993 as a US broker-dealer, its HQ is in Greenwich, Connecticut, US. Interactive Brokers serves clients in 33 countries, using 26 currencies. It has an Australian office (IBKR Australia) in Sydney which provides services to Australian clients. [Logged: February 2023]
See the Brokers N–Z page for information about NinjaTrader.
See the Charting N–Z page for information about ProRealTime.
JP Morgan
Summary currently being prepared.
KuKoin
KuKoin is not a broker, but a cryptocurrency exchange that allows traders to buy, sell and trade Bitcoin, Ethereum, and 700+ other altcoins. It has a web interface as well as a popular mobile cryptocurrency app. You can buy KuCoin’s native token (KCS) to reduce fees and earn rewards. The account verification process is optional, so people can trade crypto with just an email address. Established in 2017 by Michael Gan and a team of cryptocurrency enthusiasts, KuCoin is Hong Kong-based. It operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. It is not licensed in America. [Logged: April 2023]
Kyte Group
Summary currently being prepared.
LCG Trader
Summary currently being prepared.
Lightspeed
Trading
Lightspeed Trading is part of Lightspeed Financial Services Group. With a strong focus on high-volume, high-frequency traders, institutions and hedge funds, it offers five trading platforms: (1) its flagship Lightspeed Trader; (2) Lightspeed Web & Mobile; (3) Sterling Trader Pro which is a featured-loaded, Level 2 trading platform with advanced charting; (4) Sterling VolTrader which is an advanced options trading platform (previously called LiveVolX); and (5) Eze EMS (formerly RealTick), which is Lightspeed’s only platform that supports futures trading. A Demo account is also available. All Lightspeeds’ platforms have advanced, fully customisable charting features, with streaming real-time live data. Order execution includes all advanced types, including stop limit, trailing stops, OCO, and bracket orders. All platforms have exceptional order execution courtesy of Lightspeeds’ router rotation through different exchanges and over 100 routing destinations, though the system prioritises speed over price. Financial instruments offered are stocks (long and short), options, futures contracts, EFTs, mutual funds and cryptocurrencies. Fractional shares are not supported. With an initial funding requirement of US$25,000 and an account minimum for web and mobile applications of US$10,000 (US$25,000 for pattern day traders), this brokerage is not for beginners or even novices. Trading fees are a maximum of US$4.50 for stocks and US$0.60 for options contracts, with tiered pricing for volume thresholds (which can be as low as US$2.50 per trade on equities, US$0.20 per options contract, and US$1.29 per contract for futures). Discounted commissions are offered for traders who meet monthly trading volume thresholds by Lightspeeds’ Active Trader Commission Group. Lightspeed’s mobile app is available for Android and iOS but is less robust than most other trading apps, and does not extend to Level 2 data. A high level of customer support is provided with live brokers available during trading hours and personally answered phone access available between 7:00am and 6:00pm Eastern time. Lightspeed was formed in 2006 as a spin-off from E*TRADE. It is headquartered in New York (NY) and Chicago (IL) USA. [Logged: March 2023]
Marex Financial
Summary currently being prepared.
Marketech
Australian public company Marketech’s trading platform Focus offers trading in instruments on the CBOE, NSX and ASX exchanges, though for long trades only (i.e. shorting is not available). There are three levels of service: Focus Lite, Focus Plus and Focus Pro. Focus Lite is free, with 20-minute delated data and does not allow trading, though it provides technical analysis on charts and a scan for the top 200 best/worst market movers. It is mainly oriented at traders who want to take a break from trading for a month or so. Focus Plus subscription is AU$20 per month with brokerage ranging upwards from AU$5 for 5001 shares. With expandable market depth, the live data requires a click to refresh the single chart available for a single screen. There is one watchlist and news/alerts for up to 10 stocks. Focus Pro subscription is AU$45 per month and has live streaming data, unlimited watchlists, and up to four charts and four order tickets per screen for multiple screens. It has full market scans with fully customisable filters. The Focus platform is supported by third-party services from Australia’s leading providers of data, banking and trading technology: Macquarie Bank (for holding accounts), OpenMarkets (to settle trades), IRESS (for trade placement) and Refinitiv (for market data). After completion of a form and submission of government-issued ID, establishing an account with Marketech takes between 2–5 business days due to anti-money laundering and counter terrorism checks necessary to protect trader’s financial assets. There is no access to margin loans and no CFDs available. A free 14-day trial is provided and there is a mobile app which can be obtained from GooglePlay or the Apple App Store. Formed in 2000, Marketech Ltd has over 200 shareholders and is based in Perth, Australia. [Logged: March 2023]
See the Automated page for information about Marketech’s automated trading capabilities.
Markets.com
Summary currently being prepared.
Meryl Lynch
Summary currently being prepared.
MooMoo
Moomoo is a zero-commission online broker trading in stocks, stock options and ETFs, which is targeted at active, experienced traders. With advanced charting features (60+ indicators and 38 drawing tools, plus the capacity for build-you-own indicators with more than 190 pre-set functions), the system caters for up to 6 monitors with data that refreshes every 0.03 seconds. Mobile apps are also available and the software is PC, Apple iOS and Android compatible, plus traders can sync customised setups, alerts, and notifications across all their devices. Its stock analysis features include information about short sale volume from NYSE and NASDAQ, institutional holdings and company valuations. MooMoo offers a demo account with real-time quotes and data in a realistic, simulated environment through which Australian and international stocks, options and futures can be traded with virtual funds ($1 million in virtual money for stocks or options and $10 million for futures). Moomoo has competitive pricing with 180 days free brokerage on American and Australian stocks and ETFs (TST note: this offer ends on 31 August 2023). After that there is an AU$8.80 fee per order for Australian shares and ETFs or 0.088% of transaction value, whichever is the larger. For US shares, commissions are US$1.99 per order or 0.0099% per share. There are no charges for Level 2 US market data and no ongoing account fees. Based in Sydney, NSW, Australia, Moomoo is part of Futu Securities (Australia) Ltd which is an indirect and wholly-owned subsidiary of advanced technology company Futu Holdings Ltd. Securities services available on the Moomoo App are offered by but not limited to the following brokerage firms: Futu Securities (Australia) Ltd; Moomoo Financial Inc (America); Moomoo Financial Singapore Pte Ltd; and Futu Securities International (Hong Kong) Ltd. [Logged: March 2023]
