IFSC (Indian Financial System Code) Is An 11-digit Alphanumeric Code That Uniquely Identifies All Banks And Their Respective Branches Participating In The Online Fund Transfer Process. The IFSC Code Is Assigned To Each Bank Branch By The Reserve Bank Of India (RBI) To Monitor The Online Transfer Of Money. The Electronic Or Online Transactions For Transferring Funds Via NEFT (National Electronic Fund Transfer), RTGS (Real-time Gross Settlement) And IMPS (Immediate Payment System) Cannot Be Initiated Without A Valid IFSC.The Use Of IFSC Is Mandatory In The Electronic Or Online Transfer Of Funds Using NEFT, RTGS And IMPS. It Is To Be Noted That The NEFT And RTGS Payment Services Were Introduced By The Reserve Bank Of India (RBI), While The IMPS Service Was Introduced By NPCI (National Payments Corporation Of India). The 3 Main Payment Services Through Which Online Transfer Of Funds Is Initiated Include NEFT, RTGS & IMPS.
| Broker | XM |
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💰Minimum Deposit
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USD 5
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🌐 Regulators
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ESMA, CySEC, ASIC, FCA, IFSC, DFSA
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📱 Platforms
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💵 Account Currency
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USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB
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🛒 Instruments
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Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies
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XM Is An Online Broker Whose Parent Company Is Trading Point Holding, A Global CFD And FX Broker Founded In 2009.XM Is Available Globally And Is Regulated By Three Financial Authorities: The Cyprus Securities And Exchange Commission (CySEC), The Australian Securities And Investments Commission (ASIC) And The Financial Services Commission Of Belize (FSC).
XM Has Low Stock CFD And Withdrawal Fees. Account Opening Is User-friendly And Fast. You Can Use Many Educational Tools, Such As Webinars And A Demo Account.
| Broker | FBS |
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💰Minimum Deposit
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$100 |
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🌐 Regulators
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IFSC, CySEC |
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📱 Platforms
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💵 Account Currency
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USD, EUR, GBP
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🛒 Instruments
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Forex, Metals, Indices, Crypto, Energies, Stocks, Forex Exotic |
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FBS Is A Global CFD Broker Founded In 2009. It Is Regulated By Multiple Financial Authorities Globally, Including The Cyprus Securities And Exchange Commission (Cysec), The Australian Securities And Investments Commission (Asic), The International Financial Services Commission Of Belize (Ifsc) And The Financial Sector Conduct Authority (Fsca)
The Services Provided By The Broker Differ Slightly Depending On The Legal Entity You Open An Account With. In This Review, We Focus On The Services Provided Under Cysec, But Highlight Relevant Information For The Other Legal Entities.
| Broker | RoboForex |
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💰Minimum Deposit
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$10 |
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🌐 Regulators
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FSC
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📱 Platforms
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💵 Account Currency
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" USD, EUR, CNY, GOLD"
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🛒 Instruments
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Forex, Stocks, Indices, ETF, Commodities, Metals, Energy commodities And Cryptocurrencies
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At RoboForex, We Understand That Traders Should Focus All Their Efforts On Trading And Not Worry About The Appropriate Level Of Safety Of Their Capital. Therefore, The Company Took Additional Measures To Ensure Compliance With Its Obligations To The Clients. We Have Implemented A Civil Liability Insurance Program For A Limit Of 5,000,000 EUR, Which Includes Market-leading Coverage Against Omissions, Fraud, Errors, Negligence, And Other Risks That May Lead To Financial Losses Of Clients.
| Broker | XTB |
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💰Minimum Deposit
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$250 |
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🌐 Regulators
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CYSEC, KNF, FCA AND IFSC
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📱 Platforms
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💵 Account Currency
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EUR, GBP, USD, CHF, JPY, AUD, and NZD |
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🛒 Instruments
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Forex, Commodities, Indices, Cryptos, Stock CFDs, ETF CFDs
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XTB Is Primarily A CFD Broker But Europeans Can Also Trade Stocks And Etfs Commission Free (Up To €100.000 Per Month). This Is A Generous Offer From Xtb As Commission-free Trading Is Only Available At A Handful Of Brokers In Europe. Xtb’s User-friendly And Intuitive Mobile App And Web Trading Platform And The Fact That It Provides A Demo Account Make The Broker A Good Choice For Beginners.
With Respect To Safety, XTB Is Considered Reliable Because It Has A Long Track Record, Is Listed On The Warsaw Stock Exchange And Publishes Its Financial Statements Transparently.
| Broker | Oanda |
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💰Minimum Deposit
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$1
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🌐 Regulators
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ASIC, BVI, FCA, FSC, NFA
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📱 Platforms
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💵 Account Currency
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USD, EUR, HKD, SGD
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🛒 Instruments
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Forex, Indices, Metals, Shares, Commodities, Crypto
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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.
| Broker | Swissquote |
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💰Minimum Deposit
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$1000 |
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🌐 Regulators
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FCA, DFSA, SFC, MAS, MFSA |
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📱 Platforms
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💵 Account Currency
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EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
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🛒 Instruments
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Forex, CFDs
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Swissquote Is A Swiss Online Broker With A Banking License. Swissquote Offers Access To Many Markets Around The World. It Charges No Inactivity Fee. As A Listed Swiss Broker With A Banking Background, Swissquote Scores High On Safety. It Is A Good Choice For Beginner Investors. Swissquote Has High Fees. Its Selection Of Multiple Trading Platforms Is A Bit Overwhelming, And Some Of Its Research Tools Are Not Free Of Charge. Brokerchooser Gave Swissquote A 4.5/5 Rating Based On Analyzing 500+ Criteria And Testing Via Opening A Live Account.
| Broker | Alpari |
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💰Minimum Deposit
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$5 |
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🌐 Regulators
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FSC, FSA |
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📱 Platforms
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💵 Account Currency
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AUD, CAD, CHF and JPY
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🛒 Instruments
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Forex Trading, Cfds, Stocks, Commodities And Spot Metals
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Alpari International Is A Leading Forex Broker, Established In 1998 By 3 Co-founders In Russia. The Head Office Is Located In St. Vincent And The Grenadines. Currently, It Promises To Offer A Wide Range Of Quality Services For Modern Crypto Trading With More Than A Million Clients Across 150 Countries, Including Ukraine, The United Kingdom, Russia, India, Moldova, Belarus, Saint Vincent, And Mauritius. Additionally, It Features Numerous Sponsorships And Projects In Several Social Activities Such As Supporting The Children By Charitable Fund, Partnership With Rugby, Biathlon, And Mountaineers Team Support.
| Broker | Pepperstone |
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💰Minimum Deposit
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$200
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🌐 Regulators
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ASIC, FCA, DSFA and SCB
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📱 Platforms
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💵 Account Currency
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AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD |
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🛒 Instruments
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Forex, Index, Shares, Cryptos, Indices And Commodities
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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.
| Broker | Plus500 |
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💰Minimum Deposit
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USD 100
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🌐 Regulators
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FCA, CySEC, ASIC, FMA
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📱 Platforms
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💵 Account Currency
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USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD
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🛒 Instruments
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Forex, Indices, Cryptocurrency, Commodities, Shares, Options, ETFs
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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.
| Broker | IG |
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💰Minimum Deposit
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$300 |
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🌐 Regulators
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ASIC, FCA, FINMA, DFSA, MAS, JFSA |
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📱 Platforms
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💵 Account Currency
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USD, EUR, GBP, JPY, CHF, AUD
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🛒 Instruments
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Forex, Indices, Crypto, Shares, Commodities, Bonds, ETFs, Options |
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IG Is A CFD And Forex Broker. Ig Has A Well-designed And User-friendly Web Trading Platform That Is Easy To Customize. You Will Find Many Useful Educational Tools On The Website. Funding And Withdrawing Money Is Easy And There Are Multiple Options. On The Other Hand, Ig’s Trading Fees Are High For Stock Cfds. The Product Portfolio Is Limited, As In Most Countries Ig Offers Only Cfd And Options Trading. Customer Support Could Be Better. Brokerchooser Gave Ig A 4.6/5 Rating Based On Analyzing 500+ Criteria And Testing Via Opening A Live Account.
