Feature matrix

Broker Features Comparison

This page now uses a reusable data layer that extracts feature evidence from broker reviews in the repo. If the repo does not explicitly support a claim, the status stays unknown instead of pretending certainty.

Islamic account

Swap-free or Islamic account support explicitly mentioned in the repo.

Yes 22 Unknown 129 No 0

Hedging

Whether hedging support is explicitly stated in the repo.

Yes 4 Unknown 147 No 0

VPS

Whether VPS hosting or a broker VPS program is explicitly stated in the repo.

Yes 1 Unknown 150 No 0

API trading

Whether API access is explicitly supported or denied in the repo.

Yes 4 Unknown 145 No 2

Copy trading

Whether copy trading support is explicitly stated in the repo.

Yes 21 Unknown 128 No 2

Social trading

Whether social trading support is explicitly stated in the repo.

Yes 13 Unknown 137 No 1

Demo account

Whether broker-specific demo support is explicitly stated in the repo.

Yes 3 Unknown 148 No 0

Negative balance protection

Whether negative balance protection is explicitly stated in the repo.

Yes 98 Unknown 53 No 0

Segregated client funds

Whether segregated client fund handling is explicitly stated in the repo.

Yes 107 Unknown 44 No 0

Core broker feature matrix

Practical subset for high-intent comparison pages. Each cell can carry review evidence, so the same layer can feed future best-of pages, compare pages, or filters.

✓ Supported ? Unknown — Not stated / not supported

Broker	Islamic	API	Copy	Social	NBP	Segregated
FBS Overall score 7.2	✓ Yes Review evidence: Swap rates are average. FBS offers Islamic (swap-free) accounts for eligible clients. There is no inactivity fee, which is a plus.	? Unknown	✓ Yes Review evidence: One notable feature is the FBS CopyTrade app, which allows you to copy trades from experienced traders directly. While this is not strictly an educational tool, it can help beginners learn by observing real trading decisions. Review evidence: Copy trading beginners — the FBS CopyTrade app lets you mirror experienced traders with minimal effort. It's not as polished as eToro's social trading, but it works and doesn't require deep market knowledge.	✓ Yes Review evidence: Copy trading beginners — the FBS CopyTrade app lets you mirror experienced traders with minimal effort. It's not as polished as eToro's social trading, but it works and doesn't require deep market knowledge.	✓ Yes Review evidence: The CySEC license is the stronger of the two, providing European clients with segregated fund protection, negative balance protection, and coverage under the ICF scheme up to €20,000. European clients are also subject to ESMA leverage limits of 1:30.	✓ Yes Review evidence: European clients, but IFSC is considered a lower-tier regulator. Client funds are held in segregated accounts. Review evidence: Client funds are held in segregated accounts. FBS states they maintain separate accounts at international banks, though the specific bank names and capitalization details are less transparent than what tier-1 regulated brokers typically provide.
LiteFinance Overall score 6.8	✓ Yes Review evidence: accountTypes: ["Classic", "ECN", "Islamic"] Review evidence: LiteFinance offers Classic (spread-only), ECN (commission), and Islamic (swap-free) accounts. The ECN account is the better value for active traders; Classic suits occasional traders or those learning the market.	? Unknown	✓ Yes Review evidence: description: "Our detailed LiteFinance review covers trading costs, copy trading, regulation, and platforms. Is LiteFinance (formerly LiteForex) the right broker for you in 2026?" Review evidence: "Social copy trading built into the platform"	✓ Yes Review evidence: MT4 and MT5* — Both platforms are fully supported with EA capabilities and mobile access. The social trading system is integrated into the platform infrastructure.	✓ Yes Review evidence: The CySEC entity provides EU-standard protections: fund segregation, negative balance protection, and ICF eligibility (up to €20,000). EU traders who specifically select this entity get meaningful safeguards.	? Unknown
Exness Overall score 8.0	✓ Yes Review evidence: "Updated Islamic account note: swap-free mode now instantly enabled from the client dashboard." Review evidence: Islamic (swap-free) account management simplified. Traders can now instantly enable swap-free mode directly from the client dashboard without a separate application process, streamlining access for Muslim traders. — funds appeared in our e-wallet within seconds of requesting. Trading conditions were competitive, particularly on the pro account types, and the overall experience was smooth and efficient.	? Unknown	✓ Yes Review evidence: title: "Updated for 2026: Terminal redesign, AI routing, Copy Trading phase-out" Review evidence: summary: "Exness made significant platform updates in early 2026, including an enhanced Terminal with AI features and a phased discontinuation of its Copy Trading service by June 2026."	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts, and negative balance protection is available across all entities. UK clients benefit from FSCS coverage up to £85,000.	✓ Yes Review evidence: answer: "Yes, Exness is regulated by the FCA (UK), CySEC (Cyprus), and FSCA (South Africa). The FCA and CySEC are tier-1 regulators. Exness publishes monthly audited trading volume reports and holds client funds in segregated accounts." Review evidence: Client funds are held in segregated accounts, and negative balance protection is available across all entities. UK clients benefit from FSCS coverage up to £85,000.
Accuindex Overall score 7.4	✓ Yes Review evidence: accountTypes: ["Standard", "ECN", "Islamic"] Review evidence: "Islamic swap-free accounts available"	? Unknown	✓ Yes Review evidence: "AccuConnect copy trading feature built in" Review evidence: question: "Does Accuindex offer copy trading?"	? Unknown	✓ Yes Review evidence: CySEC — Cyprus Securities and Exchange Commission, the EU/MiFID II regulator. CySEC-regulated entities must maintain client fund segregation, negative balance protection for retail clients, and adhere to strict leverage limits (1:30 for EU retail).	✓ Yes Review evidence: answer: "Accuindex holds regulatory licenses from CySEC (Cyprus Securities and Exchange Commission) and the SCA (UAE), giving it credible multi-jurisdiction oversight. Client funds are held in segregated accounts. The CySEC license means EU-standard MiFID II client protections apply."
Octa Overall score 7.5	✓ Yes Review evidence: Octa structures accounts by platform type: MT4 account, MT5 account, and OctaTrader account. Each uses the same commission-free spread pricing model. Islamic (swap-free) accounts are available across all three.	? Unknown	✓ Yes Review evidence: description: "Our detailed Octa (formerly OctaFX) review covers trading costs, copy trading, regulation, and the OctaTrader platform. Is Octa right for you in 2026?" Review evidence: "Built-in copy trading feature via OctaTrader"	? Unknown	✓ Yes Review evidence: EU clients using the CySEC entity receive MiFID II protections: fund segregation, negative balance protection, and ICF compensation eligibility (up to €20,000).	? Unknown
ATFX Overall score 7.9	✓ Yes Review evidence: Islamic (swap-free) accounts are available for Standard and Edge tiers.	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "ATFX is regulated by the FCA in the UK, CySEC in Cyprus, the SFC in Hong Kong, and the FSA in Seychelles for international clients. The FCA license is the most stringent, requiring segregated client funds, negative balance protection, and compliance with strict conduct rules." Review evidence: FCA and CySEC are both tier-1 regulators. The FCA requires client fund segregation at top-tier banks, negative balance protection for retail accounts, and participation in the UK Financial Services Compensation Scheme (FSCS) for UK-resident clients (up to £85,000).	✓ Yes Review evidence: answer: "ATFX is regulated by the FCA in the UK, CySEC in Cyprus, the SFC in Hong Kong, and the FSA in Seychelles for international clients. The FCA license is the most stringent, requiring segregated client funds, negative balance protection, and compliance with strict conduct rules." Review evidence: ATFX has maintained a clean regulatory record with no significant enforcement actions. Client funds are held in segregated accounts at UK-authorised credit institutions.
Doo Financial Overall score 7.9	✓ Yes Review evidence: accountTypes: ["Standard", "Prime", "Premium", "ECN", "Islamic"] Review evidence: Doo Financial offers Standard, Prime, Premium, ECN, and Islamic (swap-free) accounts. The progression from Standard to ECN moves from spread-only to commission-based pricing with significantly tighter spreads.	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: EU clients using the CySEC entity receive full MiFID II protections: fund segregation, negative balance protection, and ICF compensation up to €20,000. Australian clients under ASIC benefit from similarly rigorous standards.	✓ Yes Review evidence: Client funds are held in segregated accounts at tier-1 banks across jurisdictions.
ADSS Overall score 7.8	✓ Yes Review evidence: Islamic (swap-free) accounts are available across all tiers for clients requiring Sharia-compliant trading conditions. Review evidence: Swap-free accounts available for Islamic traders	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are segregated from company assets, and negative balance protection applies to retail clients. The Abu Dhabi regulatory framework mandates ongoing capital adequacy and conduct standards comparable to European MiFID requirements.	✓ Yes Review evidence: answer: "ADSS holds licenses from the FSRA in Abu Dhabi (one of the strictest regulators in the Middle East), the UK's FCA, and the SFC in Hong Kong. Client funds are held in segregated accounts. It is considered a well-regulated broker, particularly for traders based in the MENA and Asia-Pacific regions." Review evidence: Client funds are segregated from company assets, and negative balance protection applies to retail clients. The Abu Dhabi regulatory framework mandates ongoing capital adequacy and conduct standards comparable to European MiFID requirements.
CFI Financial Overall score 7.8	✓ Yes Review evidence: accountTypes: ["Starter", "Classic", "Premium", "VIP", "Islamic"] Review evidence: "Islamic accounts available across account tiers"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "CFI holds licenses from CySEC, DFSA (Dubai), and FCA — three credible regulators. Client funds are held in segregated accounts. For traders in the EU, the CySEC entity applies MiFID II-standard protections including negative balance protection." Review evidence: EU clients using the CySEC entity receive mandatory protections: segregated funds, negative balance protection, and Investor Compensation Fund eligibility (up to €20,000). Dubai-based clients fall under DFSA oversight, which requires capital adequacy and fund segregation comparable to FCA standards.	✓ Yes Review evidence: answer: "CFI holds licenses from CySEC, DFSA (Dubai), and FCA — three credible regulators. Client funds are held in segregated accounts. For traders in the EU, the CySEC entity applies MiFID II-standard protections including negative balance protection."
Traders Trust Overall score 7.2	✓ Yes Review evidence: accountTypes: ["Classic", "ECN", "Islamic"] Review evidence: \| Islamic \| Variable \| None \|	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Negative balance protection for all retail clients — traders cannot lose more than their deposited balance	✓ Yes Review evidence: Segregated client funds held separately from company assets at major EU-regulated banks
MiTrade Overall score 7.2	✓ Yes Review evidence: Islamic accounts are available for traders requiring swap-free conditions.	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts at major banks. Negative balance protection applies to all retail accounts. The ASIC entity (Mitrade Global Pty Ltd) and the CySEC entity (Mitrade Holding Ltd) cover different regions, ensuring appropriate protection depending on the trader's location.	✓ Yes Review evidence: answer: Yes. MiTrade is regulated by ASIC in Australia (one of the world's strictest retail trading regulators) and CySEC in Cyprus. Client funds are held in segregated accounts at major Australian and European banks. Review evidence: Client funds are held in segregated accounts at major banks. Negative balance protection applies to all retail accounts. The ASIC entity (Mitrade Global Pty Ltd) and the CySEC entity (Mitrade Holding Ltd) cover different regions, ensuring appropriate protection depending on the trader's location.
TrioMarkets Overall score 7.1	✓ Yes Review evidence: accountTypes: ["Basic", "Silver", "Gold", "VIP", "Islamic"] Review evidence: "Islamic (swap-free) accounts available across all tiers"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Negative balance protection — retail clients cannot lose more than their deposited amount	✓ Yes Review evidence: Segregated client funds — retail deposits held separately from company assets
26 Degrees Global Markets Overall score 7.0	✓ Yes Review evidence: accountTypes: ["Standard", "Prime", "Islamic"] Review evidence: "Islamic swap-free accounts available"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts, and negative balance protection applies to retail clients under both jurisdictions.	✓ Yes Review evidence: Client funds are held in segregated accounts, and negative balance protection applies to retail clients under both jurisdictions.
Trade.com Overall score 7.0	✓ Yes Review evidence: Islamic accounts are available for Sharia-compliant trading without swap charges.	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: This tri-regulatory structure is impressive for a mid-sized broker and covers the major retail trading jurisdictions. Client funds are held in segregated accounts, and negative balance protection applies to all retail clients under EU/UK rules.	✓ Yes Review evidence: This tri-regulatory structure is impressive for a mid-sized broker and covers the major retail trading jurisdictions. Client funds are held in segregated accounts, and negative balance protection applies to all retail clients under EU/UK rules.
Just2Trade Overall score 6.8	✓ Yes Review evidence: Islamic (swap-free) accounts are available on request. Demo accounts are available for both account types.	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC regulated with negative balance protection for retail clients Review evidence: Execution is fast, with order processing targeting 10 milliseconds. Negative balance protection applies to all retail accounts under CySEC regulation.	✓ Yes Review evidence: Segregated client funds held in tier-1 European banks
AAFG Overall score 6.2	✓ Yes Review evidence: accountTypes: ["Standard", "Professional", "Islamic"] Review evidence: "Islamic (swap-free) accounts available for Sharia-compliant trading"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Segregated client funds with negative balance protection for retail traders" Review evidence: AAFG is a CySEC-regulated forex and CFD broker based in Limassol, Cyprus, offering MT4 and MT5 trading to retail and professional clients. The broker operates under the MiFID II framework, providing standard European-level client protections including segregated funds, negative balance protection, and participation in the Cyprus Investor Compensation Fund (ICF).	✓ Yes Review evidence: "Segregated client funds with negative balance protection for retail traders" Review evidence: answer: "AAFG claims CySEC regulation as a Cyprus-based investment firm. CySEC-regulated brokers must comply with MiFID II standards, maintain segregated client funds, and participate in the Investor Compensation Fund. Traders should verify the active licence on the CySEC register before opening an account."
GBE Brokers Overall score 7.6	✓ Yes Review evidence: accountTypes: ["STP Pro", "ECN", "ECN+", "Islamic"] Review evidence: "Islamic swap-free accounts available"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC — Cyprus Securities and Exchange Commission. Full MiFID II compliance, fund segregation, negative balance protection for retail clients, and access to the Investor Compensation Fund (ICF) covering up to €20,000 per client.	? Unknown
Amana Capital Overall score 7.3	✓ Yes Review evidence: description: "Our detailed Amana Capital review covers trading costs, platforms, Islamic accounts, and regulation. Is this MENA-focused broker right for you?" Review evidence: accountTypes: ["Standard", "Premium", "Islamic"]	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Amana Capital holds a CySEC license (Cyprus) and operates under LFSA oversight in Malaysia. CySEC is a tier-1 EU regulator, meaning client funds must be segregated and negative balance protection applies to retail accounts." Review evidence: The CySEC entity is the primary license for EU/EEA clients and offers the strongest protections: fund segregation, negative balance protection, and access to the Investor Compensation Fund (up to €20,000 per client in case of broker insolvency).	? Unknown
LegacyFX Overall score 7.1	✓ Yes Review evidence: accountTypes: ["Classic", "ECN", "Islamic"] Review evidence: "Islamic swap-free accounts available"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: answer: "LegacyFX is regulated by CySEC (Cyprus Securities and Exchange Commission), providing EU MiFID II client protections including fund segregation, negative balance protection, and access to the Investor Compensation Fund (ICF) covering up to €20,000 per client."	? Unknown
Trade360 Overall score 7.0	✓ Yes Review evidence: accountTypes: ["Silver", "Gold", "Platinum", "VIP", "Islamic"] Review evidence: "Islamic accounts available"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Trade360 is regulated by CySEC (Cyprus Securities and Exchange Commission) under MiFID II. EU clients benefit from fund segregation, negative balance protection, and ICF compensation eligibility up to €20,000." Review evidence: CySEC regulation applies full EU-standard protections: mandatory fund segregation at top-tier banks, negative balance protection for retail accounts, and ICF compensation up to €20,000 per client.	? Unknown
APME FX Overall score 7.0	✓ Yes Review evidence: accountTypes: ["Standard", "ECN", "Islamic"] Review evidence: "Islamic swap-free accounts available"	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: answer: "APME FX is regulated by CySEC (Cyprus Securities and Exchange Commission), which is an EU-standard regulator operating under MiFID II. This provides clients with fund segregation, negative balance protection, and access to the Investor Compensation Fund (ICF)."	? Unknown
Al Salam Bank Overall score 6.2	✓ Yes Review evidence: title: "Al Salam Bank Review 2026: CBB-Regulated Islamic Bank in Bahrain" Review evidence: description: "Al Salam Bank is a Central Bank of Bahrain-regulated Islamic bank offering Sharia-compliant banking, investment, and financial services. This review covers its regulatory standing, product range, and investor suitability."	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Broctagon Prime Overall score 6.3	? Unknown	✓ Yes Review evidence: platforms: ["MT4", "MT5", "FIX API", "cTrader"] Review evidence: "FIX API and MT4/MT5 bridge connectivity for seamless technology integration"	? Unknown	? Unknown	✓ Yes Review evidence: The CySEC regulatory framework for institutional providers differs from the retail-client focused rules that govern standard CFD brokers — the emphasis is on financial soundness and conduct rather than retail investor protection mechanisms like negative balance protection.	? Unknown
EXANTE Overall score 8.2	? Unknown	✓ Yes Review evidence: The EXANTE platform is proprietary, built specifically for multi-asset trading rather than retrofitted from a single-asset base. It handles portfolio management, multi-account structures, and API access. Review evidence: FIX API* — Available for institutional clients and algorithmic traders requiring direct integration into their own infrastructure.	? Unknown	? Unknown	? Unknown	? Unknown
B2B Prime Overall score 6.5	? Unknown	✓ Yes Review evidence: platforms: ["MT4", "MT5", "FIX API"] Review evidence: "FIX API connectivity for high-frequency and algorithmic trading environments"	? Unknown	? Unknown	? Unknown	? Unknown
Cloud Trading Overall score 5.8	? Unknown	✓ Yes Review evidence: platforms: ["MT5", "REST API"] Review evidence: "REST API with SAML and OAuth for seamless integration"	? Unknown	? Unknown	? Unknown	? Unknown
IC Markets Overall score 8.8	? Unknown	? Unknown	✓ Yes Review evidence: "Added the Signal Start copy trading platform (alongside IC Social) as a new social trading option." Review evidence: Signal Start copy trading launched. IC Markets added Signal Start alongside its existing IC Social (Pelican Exchange-powered) app, expanding options for traders who want to follow or mirror signal providers.	✓ Yes Review evidence: "Added the Signal Start copy trading platform (alongside IC Social) as a new social trading option."	✓ Yes Review evidence: answer: "Yes, IC Markets is regulated by ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). ASIC and CySEC are top-tier regulators. Client funds are segregated at major banks, and negative balance protection is available." Review evidence: Client funds are held in segregated accounts at Westpac Banking Corporation (for the Australian entity) and other major international banks. Negative balance protection is available across all entities, ensuring you cannot lose more than your account balance.	✓ Yes Review evidence: answer: "Yes, IC Markets is regulated by ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). ASIC and CySEC are top-tier regulators. Client funds are segregated at major banks, and negative balance protection is available." Review evidence: Client funds are held in segregated accounts at Westpac Banking Corporation (for the Australian entity) and other major international banks. Negative balance protection is available across all entities, ensuring you cannot lose more than your account balance.
AvaTrade Overall score 8.3	? Unknown	? Unknown	✓ Yes Review evidence: and copy trading since 2006. Review evidence: Copy trading through AvaSocial	✓ Yes Review evidence: AvaSocial Review evidence: Copy trading through AvaSocial	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: protection requirements. Client funds are held in segregated accounts. Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Vantage Overall score 7.8	? Unknown	? Unknown	✓ Yes Review evidence: "Copy trading via social trading features" Review evidence: Copy trading via social trading features	✓ Yes Review evidence: "Copy trading via social trading features" Review evidence: Copy trading via social trading features	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Vantage is regulated by ASIC, CIMA, VFSC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Naga Overall score 7.5	? Unknown	? Unknown	✓ Yes Review evidence: Naga is a CySEC-regulated social trading broker with a modern proprietary platform, copy trading features, and access Review evidence: Innovative social trading and copy trading features	✓ Yes Review evidence: Naga is a CySEC-regulated social trading broker with a modern proprietary platform, copy trading features, and access Review evidence: Innovative social trading and copy trading features	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: held in segregated accounts. Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
CMTrading Overall score 6.9	? Unknown	? Unknown	✓ Yes Review evidence: description: "Our detailed CMTrading review covers trading conditions, regulation, platforms, and copy trading features. Find out if CMTrading is right for you in 2026." Review evidence: "Built-in copy trading via Sirix Social platform"	✓ Yes Review evidence: CMTrading launched in 2012 and has built its largest audience in South Africa and sub-Saharan Africa, where it holds an FSCA license and maintains a physical Johannesburg presence. The broker's value proposition leans on social trading through its Sirix platform, hands-on education for newer traders, and strong account management support. Review evidence: CMTrading's headline differentiator is the Sirix Social Trading platform. Unlike brokers that bolt copy trading onto an MT4 account as an afterthought, CMTrading built social trading into the core experience. Traders can browse community profiles, view verified performance histories, and copy trades with defined risk limits.	? Unknown	? Unknown
Forex4you Overall score 6.4	? Unknown	? Unknown	✓ Yes Review evidence: description: "Forex4you is an offshore broker offering ultra-low minimum deposits, cent accounts, and copy trading through its Share4you platform." Review evidence: "Copy trading via Share4you platform"	✓ Yes Review evidence: MT4 and MT5 are available, along with the Share4you copy trading platform. Share4you lets traders follow and automatically copy the trades of successful signal providers, earning a share of profits. The concept is similar to social trading platforms but with a more straightforward commission structure.	? Unknown	? Unknown
FXTM Overall score 8.0	? Unknown	? Unknown	✓ Yes Review evidence: description: "FXTM offers accessible trading with a $10 minimum deposit, copy trading, and strong CySEC/FCA regulation across forex and CFD markets." Review evidence: "Built-in copy trading feature"	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "FXTM is regulated by CySEC, FCA, FSA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Axi Overall score 8.0	? Unknown	? Unknown	✓ Yes Review evidence: description: "Axi is a triple-regulated broker with no minimum deposit, raw ECN spreads, and built-in copy trading backed by ASIC, FCA, and DFSA oversight." Review evidence: platforms: ["MT4", "Axi Copy Trading App"]	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Axi is regulated by ASIC, FCA, DFSA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
HFM Overall score 8.0	? Unknown	? Unknown	✓ Yes Review evidence: description: "HFM (formerly HotForex) offers accessible trading from $5, quad-regulation, copy trading, and multiple account types across 1,200+ instruments." Review evidence: "Copy trading and PAMM accounts available"	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "HFM is regulated by CySEC, FCA, FSCA, FSA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Alpari Overall score 6.8	? Unknown	? Unknown	✓ Yes Review evidence: "PAMM investment accounts available" Review evidence: PAMM investment accounts available	? Unknown	✓ Yes Review evidence: The broker does segregate client funds and offers negative balance protection. However, the level of investor compensation and regulatory recourse is lower than what you'd get with an FCA or ASIC-regulated entity.	✓ Yes Review evidence: answer: "Alpari is regulated by FSA, FSC. Traders should be aware that some of these regulators are considered offshore. Client funds are held in segregated accounts."
FXCM Overall score 8.0	? Unknown	? Unknown	✓ Yes Review evidence: platforms: ["Trading Station", "MT4", "ZuluTrade", "TradingView"] Review evidence: "ZuluTrade and TradingView integration"	? Unknown	✓ Yes Review evidence: FCA is the most prestigious license and provides UK/EEA clients with full FSCS protection (up to £85,000), mandatory fund segregation, and negative balance protection.	? Unknown
DupliTrade Overall score 6.5	? Unknown	? Unknown	✓ Yes Review evidence: title: "DupliTrade Review 2026: CySEC-Regulated Copy Trading Platform" Review evidence: description: "DupliTrade is a CySEC-regulated copy trading platform that allows users to automatically replicate the trades of experienced strategy providers. Our 2026 review covers how it works, fees, and regulation."	? Unknown	? Unknown	✓ Yes Review evidence: answer: "DupliTrade operates under CySEC regulation, providing EU-standard investor protections including segregated client funds and MiFID II conduct standards." Review evidence: CySEC authorisation brings the standard EU framework: segregated client funds, ICF membership (up to €20,000 per eligible client), and MiFID II conduct obligations. For a copy trading platform, this regulatory standing matters — it means the platform operator is subject to ongoing supervisory oversight, not just a registration.
Weltrade Overall score 6.5	? Unknown	? Unknown	✓ Yes Review evidence: accountTypes: ["Micro", "Premium", "Pro", "ZuluTrade"] Review evidence: Account Types: Micro, Premium, Pro, ZuluTrade	? Unknown	? Unknown	? Unknown
InstaForex Overall score 6.5	? Unknown	? Unknown	✓ Yes Review evidence: description: "Our detailed InstaForex review covers trading conditions, regulation, platforms, and copy trading. Is InstaForex right for you in 2026?" Review evidence: "ForexCopy built-in copy trading system"	? Unknown	? Unknown	? Unknown
FreshForex Overall score 6.2	? Unknown	? Unknown	✓ Yes Review evidence: The MetaTrader ecosystem means existing EA users and indicator developers can transition their tools without modification. Copy trading integration is available through third-party services.	? Unknown	? Unknown	? Unknown
CEXbro Overall score 5.2	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: eToro (since 2007, CySEC/FCA/ASIC, social trading platform)	✓ Yes Review evidence: "Standard retail account offering with expected negative balance protection" Review evidence: Negative balance protection for retail clients	✓ Yes Review evidence: Segregated client funds
Moomoo Overall score 7.7	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: This is where Moomoo genuinely excels. The proprietary mobile app is one of the best-designed trading applications in the retail space, with institutional-quality charting, real-time data, level II quotes, and social trading features. The desktop platform matches the mobile experience with expanded screen real estate.	? Unknown	? Unknown
Begin Capital Markets Overall score 5.0	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: eToro — Regulated across multiple jurisdictions, social trading focus	? Unknown	? Unknown
Interactive Brokers Overall score 9.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: fund protection requirements. Client funds are held in segregated accounts. Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Saxo Bank Overall score 9.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Saxo Bank is regulated by FCA, DFSA, MAS. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
LMAX Overall score 8.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "LMAX is regulated by FCA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
XTB Overall score 8.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "XTB is regulated by FCA, CySEC, KNF. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
XM Overall score 8.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts at tier-1 banks, separate from XM's operational funds. The broker also offers negative balance protection across all entities, so you cannot lose more than your account balance.	✓ Yes Review evidence: answer: "Yes, XM is regulated by CySEC (Cyprus), ASIC (Australia), and IFSC (Belize). CySEC and ASIC are both considered top-tier regulators with strict client fund protection requirements, including segregated accounts and participation in investor compensation schemes." Review evidence: Client funds are held in segregated accounts at tier-1 banks, separate from XM's operational funds. The broker also offers negative balance protection across all entities, so you cannot lose more than your account balance.
Pepperstone Overall score 8.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Yes, Pepperstone is regulated by ASIC (Australia), FCA (UK), and CySEC (Cyprus), all considered tier-1 regulators. Client funds are held in segregated accounts at major banks, and negative balance protection is available." Review evidence: Negative balance protection is available across all regulated entities. Pepperstone also participates in the Financial Services Compensation Scheme (FSCS) for UK clients, protecting up to £85,000 per person.	✓ Yes Review evidence: answer: "Yes, Pepperstone is regulated by ASIC (Australia), FCA (UK), and CySEC (Cyprus), all considered tier-1 regulators. Client funds are held in segregated accounts at major banks, and negative balance protection is available." Review evidence: ASIC and FCA are both tier-1 regulators, which means Pepperstone must maintain strict capital adequacy requirements, keep client funds in segregated accounts, and submit to regular auditing. European clients trading under the CySEC entity benefit from the Investor Compensation Fund covering up to €20,000.
Forex.com Overall score 8.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: requirements. Client funds are held in segregated accounts. Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Admirals Overall score 8.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Admirals is regulated by CySEC, FCA, ASIC. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
FxPro Overall score 8.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: requirements. Client funds are held in segregated accounts. Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Oanda Overall score 8.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Oanda is regulated by FCA, ASIC, MAS. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
ThinkMarkets Overall score 8.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "ThinkMarkets is regulated by ASIC, FCA, CySEC. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
Trading 212 Overall score 8.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Trading 212 is regulated by FCA, CySEC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
FP Markets Overall score 8.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds for the Australian entity are held in segregated accounts at National Australia Bank (NAB), one of Australia's "big four" banks. European clients under CySEC benefit from segregated funds and coverage under the ICF scheme up to €20,000. Negative balance protection is available across both entities.	✓ Yes Review evidence: operating since 2005 with a clean regulatory record. Client funds are held in segregated accounts at major Review evidence: Client funds for the Australian entity are held in segregated accounts at National Australia Bank (NAB), one of Australia's "big four" banks. European clients under CySEC benefit from segregated funds and coverage under the ICF scheme up to €20,000. Negative balance protection is available across both entities.
Tickmill Overall score 8.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Tickmill is regulated by CySEC, FCA, FSA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
City Index Overall score 8.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "City Index is regulated by FCA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
Fusion Markets Overall score 8.1	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Fusion Markets is regulated by ASIC, VFSC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Eightcap Overall score 8.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Eightcap is regulated by ASIC, CySEC, SCB. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
BlackBull Markets Overall score 8.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "BlackBull Markets is regulated by FMA, FSA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Multibank Group Overall score 8.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Multibank Group is regulated by ASIC, BaFin, DFSA, CIMA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
Global Prime Overall score 7.9	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Global Prime is regulated by ASIC, VFSC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
TopFX Overall score 7.9	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC and FCA dual regulation is a strong foundation. Both regulators enforce segregated client funds, negative balance protection, and investor compensation schemes. The FCA's FSCS covers up to £85,000, while CySEC's ICF provides up to €20,000.	✓ Yes Review evidence: CySEC and FCA dual regulation is a strong foundation. Both regulators enforce segregated client funds, negative balance protection, and investor compensation schemes. The FCA's FSCS covers up to £85,000, while CySEC's ICF provides up to €20,000.
Skilling Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Skilling is regulated by CySEC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
GO Markets Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "GO Markets is regulated by ASIC, CySEC, FSA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
Equiti Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Equiti is regulated by DFSA, CySEC, FCA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
FXOpen Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are protected by negative balance protection across all retail accounts. The multi-jurisdictional licensing means FXOpen must comply with some of the strictest financial regulations globally.	✓ Yes Review evidence: Triple regulation from the FCA, ASIC, and CySEC is a strong combination. Each regulator enforces segregated client funds, minimum capital requirements, and regular auditing. The FCA in particular is considered the gold standard for retail forex regulation.
Exinity Overall score 7.7	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: This regulatory breadth means clients in different jurisdictions get appropriate protection levels. Client funds are segregated across all entities, and negative balance protection is standard for retail accounts.	✓ Yes Review evidence: This regulatory breadth means clients in different jurisdictions get appropriate protection levels. Client funds are segregated across all entities, and negative balance protection is standard for retail accounts.
CAPEX Overall score 7.7	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "CAPEX holds licenses from the FSRA in Abu Dhabi's ADGM financial zone and CySEC in Cyprus. Both are credible regulators. EU/EEA clients are served through the CySEC entity with MiFID II protections including fund segregation and negative balance protection." Review evidence: CySEC regulation means EU-based clients benefit from mandatory fund segregation, negative balance protection, and Investor Compensation Fund eligibility (up to €20,000). The ADGM FSRA is a stringent framework that requires compliance comparable to FCA standards.	✓ Yes Review evidence: Client funds are held at top-tier EU and UAE banks in segregated accounts.
RoboForex Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "RoboForex is regulated by CySEC, IFSC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
BDSwiss Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "BDSwiss is regulated by CySEC, FSA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
ACY Securities Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: ASIC regulation puts ACY Securities under one of the world's strictest financial watchdogs. The Australian regulator requires brokers to hold adequate capital reserves, segregate client funds from operating capital, and submit to regular compliance audits. Negative balance protection is standard for retail accounts.	✓ Yes Review evidence: answer: "ACY Securities is regulated by ASIC (Australian Securities and Investments Commission), a top-tier regulator. Client funds are held in segregated accounts with major Australian banks." Review evidence: ACY Securities works well for intermediate to advanced traders who prioritize low spreads and direct market access. Scalpers and algorithmic traders will find the ECN pricing attractive, while the $50 minimum deposit keeps the barrier to entry reasonable. Australian traders get the benefit of local ASIC regulation and segregated accounts with Australian banks.
M4Markets Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Publicly states segregated client accounts and negative balance protection Review evidence: note: Used for minimum deposit, spreads from 0.1 pips, cTrader, segregated accounts, negative balance protection, product range, and 24/5 support claims.	✓ Yes Review evidence: note: Used for minimum deposit, spreads from 0.1 pips, cTrader, segregated accounts, negative balance protection, product range, and 24/5 support claims. Review evidence: The homepage also states that client funds are held in segregated accounts and that retail clients receive negative balance protection.
Purple Trading Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: EU client protections apply: fund segregation, negative balance protection, and ICF compensation up to €20,000. The 1:30 EU leverage cap applies under MiFID II.	✓ Yes Review evidence: Client funds are held at top-tier Czech and European banks in segregated accounts.
Afterprime Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC — Cyprus Securities and Exchange Commission. The CySEC license means EU-standard MiFID II client protections apply, including fund segregation, negative balance protection for retail clients, and access to the Investor Compensation Fund (ICF) covering up to €20,000 per client.	✓ Yes Review evidence: Client funds are held in segregated accounts with tier-1 banks, separate from the company's operating capital.
Moneta Markets Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Moneta Markets is regulated by ASIC, FSA. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
easyMarkets Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "easyMarkets is regulated by CySEC in Cyprus (EU entity under MiFID II) and ASIC in Australia, among other jurisdictions. Both are tier-1 regulators. EU clients benefit from fund segregation, negative balance protection, and Investor Compensation Fund eligibility." Review evidence: The CySEC and ASIC licenses are the most significant — both tier-1 regulators with rigorous standards. EU clients benefit from ICF compensation (up to €20,000), mandatory fund segregation, and negative balance protection.	✓ Yes Review evidence: Client funds are held in segregated accounts at top-tier European banks. easyMarkets has maintained a clean regulatory record across more than 20 years.
IronFX Overall score 7.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.	✓ Yes Review evidence: Client funds are held in segregated accounts. Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory setup is reasonable, it meets the baseline for trustworthiness.
Libertex Overall score 7.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "Libertex is regulated by CySEC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Tio Markets Overall score 7.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Tio Markets is regulated by both the FCA and CySEC, two top-tier regulators. Client funds are held in segregated accounts with full negative balance protection." Review evidence: The dual FCA and CySEC regulation is a strong selling point. The FCA is considered one of the world's most stringent regulators, and CySEC adds EU-wide coverage. Client funds are segregated, negative balance protection is active, and both regulators conduct regular compliance reviews.	✓ Yes Review evidence: answer: "Tio Markets is regulated by both the FCA and CySEC, two top-tier regulators. Client funds are held in segregated accounts with full negative balance protection." Review evidence: The dual FCA and CySEC regulation is a strong selling point. The FCA is considered one of the world's most stringent regulators, and CySEC adds EU-wide coverage. Client funds are segregated, negative balance protection is active, and both regulators conduct regular compliance reviews.
Errante Overall score 7.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: funds are held in segregated accounts. Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Blueberry Markets Overall score 7.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Negative balance protection applies to retail accounts, ensuring you cannot lose more than your deposit. This is standard for ASIC-regulated entities and provides a meaningful safety net.	✓ Yes Review evidence: answer: "Blueberry Markets is regulated by ASIC, one of the world's top-tier financial regulators. Client funds are segregated in trust accounts with major Australian banks."
IQ Option Overall score 7.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC regulation provides EU-standard protection. Client funds are segregated, negative balance protection applies to retail accounts, and the ICF compensation fund covers up to €20,000. IQ Option has operated under CySEC oversight since its early days and has built a compliant track record.	✓ Yes Review evidence: IQ Option is regulated by CySEC, a respected EU regulator. Client funds are protected by segregated accounts and Review evidence: CySEC regulation provides EU-standard protection. Client funds are segregated, negative balance protection applies to retail accounts, and the ICF compensation fund covers up to €20,000. IQ Option has operated under CySEC oversight since its early days and has built a compliant track record.
JustMarkets Overall score 7.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: answer: "JustMarkets is regulated by CySEC, FSA, IFSC. This provides a reasonable level of regulatory oversight for traders. Client funds are held in segregated accounts." Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
Scope Markets Overall score 7.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.	✓ Yes Review evidence: traders. Client funds are held in segregated accounts. Review evidence: Funds are kept in segregated accounts, and the broker offers negative balance protection for retail clients. While the regulatory profile isn't the strongest we've seen, it meets the baseline for trustworthiness.
FXGT Overall score 7.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC regulation anchors FXGT in the EU regulatory framework, which means ICF compensation of up to €20,000, segregated client funds, and negative balance protection. The FSA license covers clients from other regions with a lighter but still meaningful regulatory framework.	✓ Yes Review evidence: answer: "FXGT is regulated by CySEC and FSA. CySEC is a reputable EU regulator, while FSA provides additional international coverage. Client funds are held in segregated accounts." Review evidence: CySEC regulation anchors FXGT in the EU regulatory framework, which means ICF compensation of up to €20,000, segregated client funds, and negative balance protection. The FSA license covers clients from other regions with a lighter but still meaningful regulatory framework.
Lirunex Overall score 7.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Official regulation page states segregated client funds and negative balance protection for retail clients Review evidence: note: Used for CySEC licence 338/17, segregated funds, negative balance protection, EEA servicing, and Investor Compensation Fund membership.	✓ Yes Review evidence: Official regulation page states segregated client funds and negative balance protection for retail clients Review evidence: Retail protections stated on the regulation page: segregated client funds and negative balance protection
Squared Financial Overall score 7.1	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Squared Financial is regulated by CySEC, the Cyprus Securities and Exchange Commission. Client funds are held in segregated accounts with negative balance protection." Review evidence: CySEC regulation provides EU-standard protection: segregated funds, ICF compensation up to €20,000, negative balance protection, and regular compliance audits. The 21-year track record adds additional confidence — longevity in this industry is meaningful.	✓ Yes Review evidence: answer: "Squared Financial is regulated by CySEC, the Cyprus Securities and Exchange Commission. Client funds are held in segregated accounts with negative balance protection."
Deriv Overall score 7.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: The broker does segregate client funds and offers negative balance protection. However, the level of investor compensation and regulatory recourse is lower than what you'd get with an FCA or ASIC-regulated entity.	✓ Yes Review evidence: answer: "Deriv is regulated by VFSC, FSC, LFSA. Traders should be aware that some of these regulators are considered offshore. Client funds are held in segregated accounts."
Orbex Overall score 7.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection" Review evidence: CySEC regulation means Orbex operates under EU financial rules. Client funds are segregated, and the ICF compensation fund covers up to €20,000 per client. Negative balance protection is standard for retail accounts.	✓ Yes Review evidence: answer: "Orbex is regulated by CySEC, a respected EU regulator. Client funds are protected by segregated accounts and the ICF compensation scheme." Review evidence: CySEC regulation means Orbex operates under EU financial rules. Client funds are segregated, and the ICF compensation fund covers up to €20,000 per client. Negative balance protection is standard for retail accounts.
Colmex Pro Overall score 7.0	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC regulation provides standard EU protection. Client funds are held in segregated accounts, negative balance protection applies to retail accounts, and the ICF scheme covers up to €20,000. The 16-year operating history adds confidence in the broker's stability.	✓ Yes Review evidence: CySEC regulation provides standard EU protection. Client funds are held in segregated accounts, negative balance protection applies to retail accounts, and the ICF scheme covers up to €20,000. The 16-year operating history adds confidence in the broker's stability.
Doto Overall score 6.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "CySEC-regulated with negative balance protection" Review evidence: Negative balance protection — Your account cannot go below zero regardless of market moves	✓ Yes Review evidence: Segregated client funds — Held separately from company operational funds
CDJ Social Stocks (AGBK Broker) Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Negative balance protection — Retail clients cannot lose more than deposited	✓ Yes Review evidence: Segregated client funds — Client money separated from company assets
Alfa Capital Markets Overall score 5.6	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: Standard retail protections — negative balance protection, ESMA leverage caps	✓ Yes Review evidence: Segregated client funds — assets held separately from company capital
AC Prime Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: CySEC regulation means AC Prime must comply with MiFID II standards: segregated client funds, negative balance protection for retail clients, and participation in the Investor Compensation Fund (ICF), which covers up to €20,000 per client in the event of broker insolvency.	✓ Yes Review evidence: answer: "AC Prime is regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is an EU-recognised regulator, and CySEC-licensed firms must adhere to MiFID II requirements, including segregated client funds and participation in the Investor Compensation Fund (ICF)." Review evidence: CySEC regulation means AC Prime must comply with MiFID II standards: segregated client funds, negative balance protection for retail clients, and participation in the Investor Compensation Fund (ICF), which covers up to €20,000 per client in the event of broker insolvency.
4XHUB Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "EU-standard negative balance protection and ICF coverage" Review evidence: Negative balance protection — traders could not lose more than their deposited amount	✓ Yes Review evidence: "Segregated client funds held separately from company assets" Review evidence: Segregated client funds — retail deposits held separately from company accounts
Aksys Global Markets Overall score 5.3	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: answer: "Aksys Global Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC). You can verify the licence on the CySEC public register. CySEC regulation means the firm must maintain segregated client funds, participate in the ICF, and provide negative balance protection to retail clients."	✓ Yes Review evidence: answer: "Aksys Global Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC). You can verify the licence on the CySEC public register. CySEC regulation means the firm must maintain segregated client funds, participate in the ICF, and provide negative balance protection to retail clients." Review evidence: Segregated client funds — your money held separately from company assets
50KCY (50Coins) Overall score 5.2	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients" Review evidence: Negative balance protection for retail clients	✓ Yes Review evidence: answer: "50KCY holds a CySEC licence, which means it operates under EU regulatory oversight, maintains segregated client funds, and participates in the Investor Compensation Fund (ICF). However, it is a small broker with limited independent verification of its practices. As always, only deposit what you can afford to lose." Review evidence: Segregated client fund requirements
RoboMarkets Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: EU clients using the CySEC entity receive MiFID II protections: fund segregation, negative balance protection, and ICF compensation up to €20,000. Leverage is capped at 1:30 for retail clients under MiFID II.	? Unknown
FXCC Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: note: Confirmed ECN XL account, no minimum deposit, MT4/MT5, 0.0 pip headline spread, and negative balance protection mention. Review evidence: On its regulation page, FXCC states that FX Central Clearing Ltd is authorised and regulated by CySEC as a Cyprus Investment Firm with licence 121/10. The account types page also mentions negative balance protection for ECN XL.	? Unknown
Fortrade Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Yes. Fortrade holds an FCA (Financial Conduct Authority) license in the UK, making it subject to FCA's strict conduct and capital requirements. The FCA license includes client money segregation, FSCS compensation scheme access (up to £85,000), and negative balance protection for retail clients." Review evidence: CySEC (Cyprus) — EU MiFID II regulation with ICF protection up to €20,000 per client, fund segregation, and negative balance protection.	? Unknown
Conotoxia Overall score 7.4	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: KNF is Poland's financial regulator and operates under the same MiFID II framework as CySEC, FCA, and BaFin. It requires fund segregation, negative balance protection for retail clients, and regular capital adequacy reporting.	? Unknown
iFOREX Overall score 6.8	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: CySEC regulation provides the full MiFID II framework: fund segregation, negative balance protection, and Investor Compensation Fund eligibility (up to €20,000 per client). These are meaningful protections for retail traders.	? Unknown
BM Zenith Investment Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Negative balance protection for retail clients as required by CySEC" Review evidence: Negative balance protection: Mandatory under EU rules — losses cannot exceed deposits	? Unknown
Swissquote Overall score 8.6	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Swissquote is regulated by FINMA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. As a Swiss-regulated entity, fund security is among the highest in the industry — Swiss banking standards are no joke.
Dukascopy Overall score 8.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Dukascopy is regulated by FINMA. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. As a Swiss-regulated entity, fund security is among the highest in the industry — Swiss banking standards are no joke.
Markets.com Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Markets.com is regulated by CySEC, FCA, and FSCA — three reputable regulators. Client funds are segregated with strong protection across all jurisdictions." Review evidence: Triple regulation from CySEC, FCA, and FSCA provides comprehensive protection. European clients benefit from ICF and FSCS compensation schemes, while South African clients are covered by FSCA requirements. Client funds are segregated across all entities.
Darwinex Overall score 7.6	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: FCA regulation is the gold standard. Client funds are protected by the FSCS compensation scheme up to £85,000, funds are held in segregated accounts, and the FCA conducts regular compliance audits. Darwinex's dual role as broker and asset manager means it faces additional regulatory requirements beyond standard broker compliance.
JFD Brokers Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts, and both regulators enforce investor compensation schemes. The DMA+ model inherently reduces conflict-of-interest concerns because JFD passes orders through to the market rather than taking the other side.
Webull Overall score 7.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Webull is ASIC-regulated for its international operations. Client funds are protected under ASIC requirements with segregated accounts." Review evidence: ASIC regulation covers Webull's international operations with Australian financial law protections. Client funds are segregated, and ASIC's compliance requirements are rigorous. The single-regulator setup is a limitation compared to multi-jurisdiction brokers, but ASIC alone carries significant credibility.
Lightspeed Overall score 7.4	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: FCA regulation provides the strongest consumer protection available. Client funds are covered by the FSCS up to £85,000, money is held in segregated accounts, and the FCA conducts thorough compliance monitoring. For professional-tier trading, FCA oversight adds essential credibility.
FAB Securities Overall score 7.1	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client securities are held in regulated custody accounts, entirely separate from FAB's banking balance sheet. This custody structure provides protection comparable to, and arguably stronger than, the segregated account arrangements at independent CFD brokers.
Ebury Overall score 7.0	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are safeguarded in accordance with relevant client money rules in each jurisdiction — held in segregated accounts separate from Ebury's operational funds. This segregation is a regulatory requirement across both FCA and CySEC frameworks.
Earn Overall score 6.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client funds — Held with European and Swiss banking partners, separate from Earn's operational accounts
Athlos Capital Overall score 6.0	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Athlos Capital appears to be CySEC-regulated, operating as a Cyprus Investment Firm. CySEC oversight provides MiFID II protections including segregated client funds and ICF membership." Review evidence: Segregated client funds
Aquilla Nummus Overall score 5.9	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client funds — client assets held separately from company capital
3D Global Financial Services Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client funds
7Q Financial Services Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client fund requirements
Argus Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Argus holds a CySEC licence, providing EU regulatory oversight and investor compensation fund coverage up to €20,000. Client funds are segregated in accordance with MiFID II requirements. Review evidence: Segregated client funds
AJK Wealth Management Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Yes, AJK Wealth Management is licensed by CySEC (Cyprus Securities and Exchange Commission) and operates under MiFID II, providing EU-standard investor protections including segregated client funds."
Boson Alfa Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client funds: Assets held separately from company capital
ALMA Europe Overall score 5.7	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Segregated client funds — assets held separately from firm capital
Aristeus Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: Aristeus holds a Cyprus Investment Firm licence from CySEC, ensuring compliance with MiFID II regulations. Client funds are held in segregated accounts, and clients benefit from the Investor Compensation Fund covering up to €20,000.
A. Eternity Capital Management Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Segregated client funds required under CySEC rules"
Aeonic Securities Overall score 5.4	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: answer: "Yes. Aeonic Securities CIF Plc is licensed by CySEC, meaning it operates under MiFID II with EU-standard investor protections including segregated client funds and ICF membership." Review evidence: Segregated client funds — investor assets are held separately from company funds in ring-fenced accounts
ATI Associates Cyprus Overall score 5.2	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	✓ Yes Review evidence: "Segregated client funds required under CySEC rules"
Kraken Overall score 8.3	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Freedom24 Overall score 8.0	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
FXView Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Coinbase Europe Overall score 7.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Century Financial Overall score 7.3	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Emirates NBD Securities Overall score 7.2	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Albourne Cyprus Overall score 6.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Arqaam Capital Overall score 6.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Chase Buchanan Overall score 6.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
BNP Paribas Bahrain Overall score 6.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Al Ramz Capital Overall score 6.2	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Blacktower Financial Management Overall score 6.2	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Atlantic Securities Overall score 6.0	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Dragon Capital Cyprus Overall score 6.0	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
BBK Overall score 5.8	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
Ayomi Overall score 5.6	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
CTCAP Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
DPRG Investment Overall score 5.5	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown	? Unknown
CMC Markets Overall score 8.8	? Unknown	? Unknown	? Unknown	— No Review evidence: "No copy or social trading features" Review evidence: No copy or social trading features	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "CMC Markets is regulated by FCA, ASIC, BaFin. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
IG Overall score 9.2	? Unknown	? Unknown	— No Review evidence: "No copy trading feature" Review evidence: The main trade-offs are a higher minimum deposit and the absence of copy trading or social trading features. If you are a beginner looking to start with $10, IG is not for you. But for intermediate and advanced traders who value platform quality, research depth, and regulatory safety, IG is one of the best choices in the market.	✓ Yes Review evidence: The main trade-offs are a higher minimum deposit and the absence of copy trading or social trading features. If you are a beginner looking to start with $10, IG is not for you. But for intermediate and advanced traders who value platform quality, research depth, and regulatory safety, IG is one of the best choices in the market.	? Unknown	✓ Yes Review evidence: answer: "IG is one of the safest brokers in the industry. It is regulated by the FCA (UK), ASIC (Australia), MAS (Singapore), and BaFin (Germany). The company is publicly listed on the London Stock Exchange, which requires additional financial transparency. Client funds are held in segregated accounts at major banks." Review evidence: Client funds are held in segregated accounts at major UK and international banks. UK clients benefit from the Financial Services Compensation Scheme (FSCS), which protects up to £85,000 per person in the event of broker insolvency. European and Australian clients have similar protections under their respective regulatory frameworks.
Capital.com Overall score 8.5	? Unknown	? Unknown	— No Review evidence: "No copy trading feature" Review evidence: No copy trading feature	? Unknown	✓ Yes Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.	✓ Yes Review evidence: answer: "Capital.com is regulated by CySEC, FCA, ASIC, SCB. These are top-tier regulators with strict client fund protection requirements. Client funds are held in segregated accounts." Review evidence: Client money is held in segregated accounts separate from the company's operational funds. Negative balance protection is in place for retail clients, so you can't lose more than your deposit.
eToro Overall score 7.8	? Unknown	— No Review evidence: No MetaTrader, no cTrader, no API access — zero algorithmic trading support Review evidence: eToro runs exclusively on its proprietary platform. No MetaTrader 4 or 5, no cTrader, no TradingStation, no API. This is a deliberate choice — the entire social trading experience is built into the platform's DNA and can't be replicated on a third-party terminal.	✓ Yes Review evidence: title: "eToro Review 2026: Fees, Copy Trading, Platforms & Safety" Review evidence: Our in-depth eToro review covers CopyTrader, Smart Portfolios, real stock trading, fees, regulation, and more. Find	✓ Yes Review evidence: eToro runs exclusively on its proprietary platform. No MetaTrader 4 or 5, no cTrader, no TradingStation, no API. This is a deliberate choice — the entire social trading experience is built into the platform's DNA and can't be replicated on a third-party terminal. Review evidence: \| CopyTrader / Social Trading \| ✅ Yes — industry-leading \| ❌ No social features \|	✓ Yes Review evidence: £85,000, and negative balance protection applies to all retail accounts. The company has operated since 2007 and Review evidence: Client fund protection:* Segregated accounts held at top-tier banks. Retail clients receive negative balance protection across all three jurisdictions — you can't lose more than your deposit on CFD trades. The FCA and CySEC entities also participate in their respective investor compensation schemes.	✓ Yes Review evidence: 491139) — all tier-1 regulators. Client funds sit in segregated accounts, UK clients get FSCS protection up to Review evidence: Client fund protection:* Segregated accounts held at top-tier banks. Retail clients receive negative balance protection across all three jurisdictions — you can't lose more than your deposit on CFD trades. The FCA and CySEC entities also participate in their respective investor compensation schemes.
Plus500 Overall score 7.8	? Unknown	— No Review evidence: Plus500 offers only its proprietary WebTrader platform and mobile app. There is no MetaTrader support, no third-party integrations, and no API access. If that sounds limiting, it is — but it is also a deliberate design choice aimed at keeping things simple.	? Unknown	? Unknown	✓ Yes Review evidence: Client funds are held in segregated accounts separate from Plus500's corporate funds. UK clients are covered by the FSCS up to £85,000, while European clients under CySEC benefit from the ICF scheme covering up to €20,000. Negative balance protection is available across all regulated entities.	✓ Yes Review evidence: answer: "Plus500 is regulated by four respected authorities: FCA (UK), CySEC (Cyprus), ASIC (Australia), and MAS (Singapore). The company is publicly listed on the London Stock Exchange, adding an extra layer of financial transparency. Client funds are held in segregated accounts at major banks." Review evidence: Client funds are held in segregated accounts separate from Plus500's corporate funds. UK clients are covered by the FSCS up to £85,000, while European clients under CySEC benefit from the ICF scheme covering up to €20,000. Negative balance protection is available across all regulated entities.

Example output: brokers with explicit copy-trading support

This is a simple proof that the matrix is reusable beyond one giant table. These cards are generated from the same feature layer, filtered to brokers where copy trading is explicitly supported in repo content.

IC Markets

Overall score 8.8

Evidence: "Added the Signal Start copy trading platform (alongside IC Social) as a new social trading option."

AvaTrade

Overall score 8.3

Evidence: and copy trading since 2006.

Exness

Overall score 8.0

Evidence: title: "Updated for 2026: Terminal redesign, AI routing, Copy Trading phase-out"

FXTM

Overall score 8.0

Evidence: description: "FXTM offers accessible trading with a $10 minimum deposit, copy trading, and strong CySEC/FCA regulation across forex and CFD markets."

Axi

Overall score 8.0

Evidence: description: "Axi is a triple-regulated broker with no minimum deposit, raw ECN spreads, and built-in copy trading backed by ASIC, FCA, and DFSA oversight."

How this works

Source of truth: broker review MDX files plus the existing broker dataset.
Status model: yes / no / unknown, so missing evidence does not become fake certainty.
Evidence payload: each supported or unsupported status can carry excerpts for UI, QA, or future audits.
Reusable helpers: the feature layer exposes full matrix data, feature summaries, and filtered broker lists.
Current weak spots: hedging, VPS, and demo have limited repo-grounded per-broker evidence, so they mostly remain unknown for now.

Unknown is not a bug. It is the honest answer when the repo does not explicitly prove a feature.

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