Bank Transfer Forex Brokers
Bank Transfer Forex Brokers
Bank Transfers Provide A Safe Way For Customers To Send Money Over Bank Rails. When Accepting Bank Transfers With Stripe, You Provide Customers With A Virtual Bank Account Number That They Can Push Money To From Their Own Online Bank Interface Or In-person Bank Branch. We Use This Virtual Account Number To Automate Reconciliation And Prevent Exposing Your Real Account Details To Customers.
The Best Bank Transfer Forex Brokers in 2023 List
AvaTrade
| Broker | AvaTrade |
|---|---|
| 💰Minimum Deposit | $100 |
| 🌐 Regulators | FSA, FSCA, ASIC, BVIFSC, CySEC, CBI, ISA, FFAJ |
| 📱 Platforms |
MT4, MT5, Avatradego |
| 💵 Account Currency | USD, EUR, GBP & AUD |
| 🛒 Instruments | Forex, Options, Stocks, Crypto, Indices, Commodities |
| 🏛️ Visit Broker |
AvaTrade |
Avatrade, Founded In 2006, Is Part Of The Ava Group Companies And Is One Of The Oldest Online Brokerage Firms. It Has Grown To Be A Leading International Forex And Cfd Broker. It Has Got Four Offices In Australia, Japan, Ireland, And The British Virgin Islands.
Avatrade Has Its Headquarters In Dublin, Ireland, And Provides Various Financial Instruments And A Wide Range Of Trading Platforms For Manual And Automated Trading. It Is Registered Globally With Multiple Jurisdictions But Does Not Accept U.s. Traders.
BEST FOR
- ➡Platforms
- ➡Offers
- ➡ Education
PROS
- ➡It Provides Manual Trading Platforms Like MT4/MT5
- ➡It Offers Trading In Different Asset Classes Such As Forex, CFD, Cryptocurrencies, Etc.
- ➡It Provides Excellent Educational Assistance Through Sharp Trader Via Exclusive Videos, Articles, Ebooks, And Daily Market Analysis.
CONS
- ➡It Does Not Have A Guaranteed Stop-loss Facility.
- ➡It Does Not Accept U.S. Traders Due To Regulatory Restrictions.
Oanda
| Broker | Oanda |
|---|---|
| 💰Minimum Deposit | $1 |
| 🌐 Regulators | ASIC, BVI, FCA, FSC, NFA |
| 📱 Platforms |
MT4, MT5, fxTrade App |
| 💵 Account Currency | USD, EUR, HKD, SGD |
| 🛒 Instruments | Forex, Indices, Metals, Shares, Commodities, Crypto |
| 🏛️ Visit Broker | Oanda |
Oanda, Co-founded By Dr. Stumm And Dr. Olsen In 1996, Advertises That It Does “all Things Currency,” From Currency Conversion To Providing Fx Data Services For Businesses To Offering An Established Global Online Brokerage Service To Individuals Seeking To Trade The Retail Fx And Cfd Markets.
Globally, Oanda Offers Two Account Types, Standard And Premium, And A Product Catalog That Includes A Wide Range Of Cfd And Spread Betting Offerings Across A Variety Of Asset Classes, Although All Are Not Available In Every Region That It Services. In Addition To Fx, The Broker Also Offers Indices, Metals, Commodities, And Bonds To Provide Trading Opportunities Across Financial Markets.
BEST FOR
- ➡Platforms
- ➡Regulated
PROS
- ➡ Well Designed Platforms
➡Regulated by FCA and NFA
CONS
- ➡No Account Protection For U.S. Clients
- ➡A Lot Of Ancillary Fees
Pepperstone
| Broker | Pepperstone |
|---|---|
| 💰Minimum Deposit | $200 |
| 🌐 Regulators | ASIC, FCA, DSFA and SCB |
| 📱 Platforms |
Metatrader 4, Metatrader 5 And cTrader |
| 💵 Account Currency | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD |
| 🛒 Instruments | Forex, Index, Shares, Cryptos, Indices And Commodities |
| 🏛️ Visit Broker | Pepperstone |
Pepperstone Is A Leading Forex And Cfd Broker. Based In Australia And Asic Regulated, This Brokerage Review Details Spreads And Minimum Deposit Requirements, Trading Platform Ratings, Mobile Apps, Withdrawals, Login Security, And More. Find Out Whether To Open A Pepperstone Trading Account
Pepperstone Opened A City Of London Base In 2016 And Has Many European Clients, Trading Per The Regulatory Principles Set Down By The European Securities And Markets Authority, Bafin And The Financial Conduct Authority. The Online Brokerage Is Also Regulated In Dubai And Kenya Covering The Middle East And African Markets.
BEST FOR
- ➡Regulated
- ➡Funds
- ➡Offers
PROS
- ➡ It Is Regulated By A Regional Investments Commission (ASIC), A Global Market Authority (FCA), CySec, BaFIN, DFSA, CMA, And SCB.
- ➡ Investor Funds Are Stored Securely In Tier-1 Banks Only.
- ➡ It Offers Relatively Low Spreads On Forex Trades
CONS
- ➡It Does Not Offer Guaranteed Stop-loss Orders On Every Trade.
- ➡It Does Not Accept US-Based Clients.
FP Markets
| Broker | FP Markets |
|---|---|
| 💰Minimum Deposit | $100 |
| 🌐 Regulators | ASIC, CySEC |
| 📱 Platforms |
MT4, MT5, WebTrader |
| 💵 Account Currency | USD, EUR, GBP |
| 🛒 Instruments | Forex, Shares, Metals, Commodities, Indices, Derivatives, Futures, Digital Currencies, Bonds, ETFs |
| 🏛️ Visit Broker | FP Markets |
First Prudential Is A Cfd And Forex Broker With A Lot Of Longevity In The Industry. You Can Access More Than 10,000 Cfd Products And Raw, Tight Spreads That Start At 0.0 Pips. The Broker Has Raw Pricing That It Streams Directly From Its Top Tier Liquidity Providers, And Clients Can Benefit From A Large Liquidity Pool Of Regulated Financial Institutions. At Fp Markets, There Is A Diverse Mix Of Liquidity And Aggressively Competitive Pricing.
Another Excellent Feature Of This Broker Is Its Use Of The Metatrader 4 And 5 Platforms. It Also Uses Iress (For Which It Offers Three Accounts) And Webtrader. There Is A Mobile App For Android And Iphone User. With These Platforms, You Get An
BEST FOR
- ➡Platforms
- ➡Account Opening
- ➡Fees
PROS
- ➡MetaTrader 4 And 5 Offered
- ➡Easy, Fast Account Opening
- ➡Low Forex Fees
CONS
- ➡High Stock CFD Fees
- ➡High Minimum Deposit For Some Accounts
FXTM
| Broker | FXTM |
|---|---|
| 💰Minimum Deposit | $10 |
| 🌐 Regulators | FSC, FCA |
| 📱 Platforms |
Metatrader 4, Metatrader 5 |
| 💵 Account Currency |
USD, EUR, GBP, NGN |
| 🛒 Instruments | Forex, Metals, Stocks, CFDs, Commodities, Indices |
| 🏛️ Visit Broker | FXTM |
FXTM Is A Leading Forex And Cfd Broker. This Review Details Their Services, Including Account Types, Copy Trading App, Demo Profile, Plus The Mt4 & Mt5 Platforms. We Also List Any Current Bonus Offers And Key Comparison Data, Such As Minimum Deposit And Minimum Trade Amounts. Find Out If You Should Sign Up And Login To Fxtm Today.
Forextime, Also Known As Fxtm, Was Established In 2011. The Mission Of The Broker Is To Bring All Financial Market Opportunities In To The Hands Of Retail Investors, Wherever They Are In The World. Today, The Brand Has Done Just That, And Fxtm Is Now A Global Leader In The Online Trading Environment. It Offers Investing Services Across 180 Countries, With A Worldwide Office Presence Spanning Asia, Europe, And Africa, With An Impressive 4+ Million Registered Clients.
BEST FOR
- ➡Platforms
- ➡Commission
PROS
- ➡Upgraded MT4/MT5 Trading Platforms Plus Proprietary Mobile Trading App
- ➡Excellent Commission-based Forex Pricing Environment And Transparency
CONS
- ➡Limited Choice Of Cryptocurrencies And Commodities
OctaFx
| Broker | OctaFx |
|---|---|
| 💰Minimum Deposit | $25 |
| 🌐 Regulators | CYSEC, NFA, ASIC, FCA |
| 📱 Platforms |
Metatrader 4, Metatrader 5 |
| 💵 Account Currency | EUR, USD, GBP and JPY |
| 🛒 Instruments | Commodities, Cryptocurrencies, Forex, Indices And Metals |
| 🏛️ Visit Broker | OctaFx |
The Octafx Broker Has Been Providing Forex Services Since 2011. It Operates Under The Cysec License And Provides Favorable Conditions For Forex Traders. At The Moment, Octafx Has Been Chosen By More Than 6.6 Million Clients Worldwide As An Intermediary To The Financial Markets, But The Broker Is Focused On The Countries Of The Asia-pacific Region. Octafx Is Popular In Indonesia, Malaysia, Pakistan And Other Countries. Its Services Are Used By Both Active Traders And Passive Investors Who Prefer To Copy The Successful Trading Strategies Of Other Market Participants. In 2020, Octafx Was Named The Best Cfd Broker In The Asia-pacific Region By Capital Finance International, And In 2021, The Best Forex Broker In Asia By Global Banking And Finance Review.
BEST FOR
- ➡Platforms
- ➡Commissions
- ➡Regulator
PROS
- ➡ Offers Proven Platforms For Trading Such As Metatrader 4, Metatrader 5, And Ctrader.
- ➡Tight Spreads From 0.6 Pips And No Non-trading Commissions From The Broker For Deposits Or Withdrawals Of Funds.
- ➡Brokerage Activities By The Cyprus Regulator CYSEC, NFA, ASIC, FCA
CONS
- ➡Cryptocurrencies And CFDs Cannot Be Traded On Ctrader Accounts.
- ➡The List Of Payment Systems Changes Regularly.
EToro
| Broker | EToro |
|---|---|
| 💰Minimum Deposit | $50 |
| 🌐 Regulators | CySEC |
| 📱 Platforms |
eToro Platform |
| 💵 Account Currency | USD |
| 🛒 Instruments | Forex, Stocks, Crypto, Commodities, Indices, ETFs |
| 🏛️ Visit Broker | EToro |
Markets.com Is A PayPal Forex Broker That Is Ideal For Those Who Want To Access A Wide Range Of Features, As Well As Easy And Fast Account Opening. Users Of This Platform Can Use PayPal To Deposit And Withdraw Funds Using PayPal. The Minimum Deposit For Markets.com PayPal Is Around $100 To $250. It Costs Nothing In Commissions To Use PayPal On The Platform.
Markets.com Is A Global Multi-regulated Forex And CFD Provider. Founded In 2008, The Company Has Managed To Become One Of The Leading Brokers In The Industry. The Broker Has Various Entities Around The World Which Are Owned By The Finalto Group.Markets.com Is A Global CFD And Forex Broker Founded In 2008. It Is Regulated By Several Financial Authorities Including The Cyprus Securities And Exchange Commission (CySEC) And The UK’s Financial Conduct Authority (FCA).
BEST FOR
- ➡Trading
- ➡Account Opening
PROS
- ➡ Free Stock And ETF Trading
- ➡Seamless Account Opening
CONS
- ➡High Non-trading Fees
IC Markets
| Broker | IC Markets |
|---|---|
| 💰Minimum Deposit | $200 |
| 🌐 Regulators | FSA |
| 📱 Platforms |
MT4, MT5, CTrader |
| 💵 Account Currency | EUR, USD, AUD, GBP, JPY, SGD and CAD |
| 🛒 Instruments | Forex, Commodities, Indices, Bonds, Digital Currencies, Stocks And Futures |
| 🏛️ Visit Broker | IC Markets |
IC Markets Trading Company Was Founded In 2007 In Sydney, Australia. The Broker Is Licensed Under The Australian Financial Services License (Afsl) And The Australian Securities And Investment Commission (Asic). The Broker Is Also A Member Of The Australian Financial Complaint Authority (Afca), The Governing Body That Sets The Industry Standard For The Resolution Of Disputes Between Consumers And Financial Service Providers, And Regularly Undertakes Audits.
IC Markets’ Competitive Pricing And Scalable Execution Make It An Excellent Option For Algorithmic Traders. Though It Supports An Impressive Range Of Third-party Tools And Plugins, IC Markets’ Research And Education Offerings Are Not As Impressive As Those Offered By Industry Leaders.
BEST FOR
- ➡low Spreads
- ➡Customer Service
- ➡ Instruments
PROS
- ➡Low Spreads – From 0 Pips
- ➡High-Quality Customer Service
➡A Large Choice Of Working Instruments – Above 90
CONS
- ➡No Additional Bonuses And Contests For Traders
- ➡No Weekend Trading
Plus500
| Broker | Plus500 |
|---|---|
| 💰Minimum Deposit | USD 100 |
| 🌐 Regulators | FCA, CySEC, ASIC, FMA |
| 📱 Platforms |
Plus500 app |
| 💵 Account Currency | USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD |
| 🛒 Instruments | Forex, Indices, Cryptocurrency, Commodities, Shares, Options, ETFs |
| 🏛️ Visit Broker | Plus500 |
Plus500, A Trademark Of Plus500 Ltd, Is A Company Who’s Principal Activity Is Offering Online Trading In Contracts For Difference, Known As (CFDs), Delivered Through A Proprietary Trading Platform Via The Web And Other Electronic Channels.
Founded In 2008, The Israel-Based Company Operates Via Several Subsidiaries Throughout Europe And The Asia-Pacific Region And Is Registered With The Relevant Regulatory Authorities. Like Many CFD Brokers, Plus500 Does Not Accept U.S. Traders. The Company Does Offer A New Platform, TradeSniper, For Trading Futures. This Platform Is Available To U.S. Traders.
The Broker Offers Clients In More Than 50 Countries Access To A Comprehensive Product Line Of CFDs On Many Instruments Including Forex, Stock Indices, Individual Shares, Commodities, ETFs, Options, And Cryptocurrencies (Availability Subject To Regulation). Plus500 Is Also The First Broker To Introduce A Bitcoin CFD In 2013. Moreover, The Broker Offers Access To Options CFDs Trading On Many Markets. These Allow You To Speculate On The Future Price Of The Underlying Reference Instrument And Differ From Regular Options In That They Are Cash Settled.
BEST FOR
- ➡Platforms
- ➡Account Opening
- ➡Customer Service
PROS
- ➡Easy-To-Use Platform
- ➡Great Account Opening
- ➡Quick And Helpful Customer Support
CONS
- ➡Mediocre Research Tools
- ➡Average CFD Fees
EasyMarkets
| Broker | Easymarkets |
|---|---|
| 💰Minimum Deposit | USD 25 |
| 🌐 Regulators | CySEC, ASIC, FSA |
| 📱 Platforms |
MT4, TradingView, EasyMarkets App |
| 💵 Account Currency | EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC |
| 🛒 Instruments | Forex, Shares, Crypto, Metals, Commodities, Indices |
| 🏛️ Visit Broker | easyMarkets |
Founded In 2001, EasyMarkets Is Regulated In One Tier-1 Jurisdiction And One Tier-2 Jurisdiction, Making It A Safe Broker (average-risk) For Forex And CFDs Trading.
EasyMarkets Is Best Known For Its Proprietary Web-based Platform That Is Easy To Use And Offers Two Beginner-friendly Features: DealCancellation And Freeze Rate. Low-points In The EasyMarkets Lineup Include A Lack Of Extensive Forex Market Research Tools, A Limited Offering Of Just 256 Tradeable Instruments, And A Mediocre Mobile App.Despite Offering Free Guaranteed Stop-loss Orders (GSLO), We Do Not Recommend The EasyMarkets MetaTrader 4 (MT4) Offering. With MT4, EasyMarkets Excludes Market Headlines In Desktop And Does Not Offer The Browser-based Version.
BEST FOR
- ➡Regulations
- ➡Assets
- ➡ Trading Tools
PROS
- ➡ Well Regulated
- ➡Wide Range Of Assets
- ➡Innovative Trading Tools
CONS
- ➡Limited Platform Choice
- ➡Limited Account Options
