Online trading is the most popular trade in recent times,. with booms in trading over the past few years coming to the fore by many investors in the world.
But every year thousands of people lose millions of dollars to fraudulent trading platforms.
Scammers sometimes create fake trading platforms or fake versions to deceive victims.
But with a few tips you may be able to protect yourself from fraud.
Effective steps to help you find a legitimate trading platform
- When looking for a legit trading platform, make sure you do thorough and thorough research.
- Check reviews and online forums to see what users say about the platform's platform.
- Be sure to check the platform's website to see if it is registered with the appropriate regulatory authorities
- Test the platform with a small amount of money before you start investing
- If the trading platform has received complaints from investors, if you find complaints, it is actually not legitimate.
- Each country has its own registration office for brokers and companies. you should find out if the platform is registered there.
If not, you should be careful in your transactions.
What makes a good trading platform
- Compatibility with various operating systems
- Easily accommodates third-party components and indicators
- Ease of use
- Rich analytical tools
- Less complex graph
- Plug-ins and multiple widgets
- Additions (Market News.... etc.)
What is the most trusted trading platform?
Broker Min. Deposit
. Ava Trade $100
. Exness. $10
. XM Global. $5
. IC Markets. $200
. FXTM $10
. Hot Forex $5
. Pepperstone. $10
. Olymp Trade. $10
. IQ Option $10
IFC Markets $1
1.Ava Trade
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading ⭐⭐⭐
Stocks Trading ⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐⭐
Specifications:
. Good for Beginners ⭐⭐⭐⭐
. Good for Experts ⭐⭐⭐
Copy Trading ⭐⭐⭐⭐
Bonuses & Rewards ⭐⭐
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Huge selection of assets to trade
• AvaTradeGO mobile trading app
• AvaSocial app lets you copy top traders
• Very strong regulation
Weaknesses:
• Doesn't support Bitcoin deposits
Website:
www.avatrade.com
2. Exness
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading ⭐⭐⭐
Stocks Trading ⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐
. Index Trading ⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐⭐
Good for Experts ⭐⭐⭐⭐
Copy Trading
. Bonuses & Rewards
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Negociación de activos múltiples con diferenciales bajos
• Muy buena funcionalidad de gráficos
• Retiros instantáneos
Weaknesses:
• No acepta comerciantes de España
Website:
www.exness.com
3. XM Global
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading
Stocks Trading ⭐⭐⭐⭐⭐
. Commodities Trading ⭐⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐
Good for Experts ⭐⭐⭐⭐⭐
Copy Trading
Bonuses & Rewards ⭐⭐⭐⭐
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Very good for high volume forex trading
• Excellent for stocks and commodities
• Recommended for experienced traders
• Very strong regulation
• Very good bonuses and loyalty rewards
Weaknesses:
• No crypto trading
• Doesn't support Bitcoin deposits
Website:
www.xm.com
4. IC Markets
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading ⭐⭐⭐
Stocks Trading ⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐⭐
. Index Trading ⭐⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐
Good for Experts ⭐⭐⭐⭐⭐
Copy Trading
Bonuses & Rewards
. Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods
Strengths:
• Huge selection of assets to trade
• Very low spreads and commissions
• You can deposit with PayPal
• Very strong regulation
Weaknesses:
• Doesn't support Bitcoin deposits
Website
www.icmarkets.com
5. FXTM
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading
Stocks Trading ⭐⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐
Specifications:
. Good for Beginners ⭐⭐⭐
Good for Experts ⭐⭐⭐⭐
Copy Trading ⭐⭐⭐⭐
Bonuses & Rewards
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Very good for African countries
• Excellent for stocks trading
• Excellent copy trading module
• Good educational materials
• Huge number of local deposit methods
Weaknesses:
• Doesn't accept traders from Europe
• No crypto trading
• Doesn't support Bitcoin deposits
Website:
www.forextime.com
6. Hot Forex
By asset type:
Forex Trading ⭐⭐⭐⭐⭐
Crypto Trading
. Stocks Trading ⭐⭐⭐
Commodities Trading ⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐
. Good for Experts ⭐⭐⭐⭐
Copy Trading ⭐⭐⭐⭐⭐
Bonuses & Rewards ⭐⭐⭐⭐⭐
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Very good for high volume forex trading
• Excellent copy trading module & PAMM
• Good educational materials and webinars
• Many deposit methods available
• Very good bonuses and loyalty rewards
Weaknesses:
• No crypto trading
Website:
www.hotforex.com
7. Pepperstone
By asset type:
Forex Trading ⭐⭐⭐⭐
Crypto Trading ⭐⭐⭐
. Stocks Trading ⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐
Good for Experts ⭐⭐⭐⭐⭐
Copy Trading
. Bonuses & Rewards
Regulation & Safety ⭐⭐⭐⭐⭐
Deposit methods:
Strengths:
• Very good for Asia and Europe
• Huge selection of assets to trade
• Very low spreads and commissions
• You can deposit with PayPal
• Very strong regulation
Weaknesses:
• Difficult KYC for African countries
• Doesn't support Bitcoin deposits
Website:
www.pepperstone.com
8. Olymp Trade
By asset type:
Forex Trading ⭐⭐⭐
Crypto Trading ⭐⭐
Stocks Trading ⭐⭐⭐⭐
. Commodities Trading ⭐⭐⭐⭐
Index Trading ⭐⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐⭐⭐
. Good for Experts ⭐⭐
Copy Trading
Bonuses & Rewards
Regulation & Safety ⭐⭐⭐⭐
Deposit methods:
Strengths:
• Easy to use trading platform
• Fixed time trades
• Many deposit methods available
• Very good for beginners
Weaknesses:
• Not suitable for sophisticated traders
• Doesn't accept traders from Europe
Website:
www.olymptrade.com
9. IQ Option
By asset type:
Forex Trading ⭐⭐⭐
Crypto Trading ⭐⭐⭐
Stocks Trading ⭐⭐⭐⭐
. Commodities Trading ⭐⭐
Index Trading
Specifications:
Good for Beginners ⭐⭐⭐⭐⭐
Good for Experts ⭐⭐
Copy Trading
Bonuses & Rewards
. Regulation & Safety ⭐⭐⭐
Deposit methods:
Strengths:
• Easy to use trading platform
• Very good for beginners
Weaknesses:
• Not suitable for sophisticated traders
• Can trade indexes only through ETFs
• Doesn't support Bitcoin deposits
Website:
www.iqbroker.com
10. IFC Markets
By asset type:
Forex Trading ⭐⭐⭐⭐
Crypto Trading ⭐⭐⭐⭐
Stocks Trading ⭐⭐⭐⭐
Commodities Trading ⭐⭐⭐
Index Trading ⭐⭐⭐
Specifications:
Good for Beginners ⭐⭐⭐⭐
. Good for Experts ⭐⭐⭐⭐
Copy Trading
Bonuses & Rewards
Regulation & Safety ⭐⭐⭐
Deposit methods:
Strengths:
• NetTradeX trading platform
• Very low minimum deposit
Weaknesses:
• Can't deposit with Skrill or Neteller
Website:
www.ifcmarkets.com
Best Crypto Exchange:
binance.
By asset type:
Forex Trading
Crypto Trading ⭐⭐⭐⭐⭐
Stocks Trading
Commodities Trading
Index Trading
Specifications:
Good for Beginners ⭐⭐⭐
Good for Experts ⭐⭐⭐⭐⭐
Copy Trading ⭐⭐
Bonuses & Rewards ⭐⭐⭐⭐⭐
Regulation & Safety ⭐⭐⭐⭐
Deposit methods:
Strengths:
• The ultimate platform for crypto investors
• Huge selection of coins to trade
• You can buy all major cryptocurrencies
• Many types of crypto derivatives
• Crypto savings and loans
• Very good loyalty rewards
Weaknesses:
• No other asset types except for crypto
• Can't deposit using e-wallets
Website:
www.binance.com