ByBrett Benningfield Staff Writer

As a writer and researcher for, Brett has spent literally thousands of hours figuring out how to help you make better, smarter buying decisions. Review wants to change the way you manage your foreign exchange portfolio and give you the full range of options needed for quick, easy, and effective trading. Offering an excellent mobile experience and over 80 markets to buy, sell, and trade in, makes a great case to be your partner in investing.

The Claim claims to be the global leader in forex trading, offering expert research, low commission costs, and transparent pricing. With, you’ll have the best view of the markets you want to trade in, whether from your home office, from your laptop, or on the go.

Is it true?

Yes. is a premier foreign exchange trading platform, offering a customizable user interface, thoughtful design, and over $1.3 billion dollars in assets. Along with a great user experience, delivers traders a wealth of platforms and market data to give you everything you need to make money-minded moves.

Features like its Active Trader program let you save even more on the costs of trading, putting money back in your hands with cash rebates and accrued interest on your daily margin. Its base platform and MetaTrader 4 platforms promise the most accurate, up-to-date data for you and your portfolio.

Product Overview

  • Forex trade cost type: pips
  • Minimum deposit: 50 units of your selected base currency
  • Clearing method: ECN
  • Maximum leverage (international): 50:01:00
  • Maximum leverage (U.S.): 50:01:00
  • Pros: customizable, good resources
  • Cons: limited investment products


Standard Account
Commissions Account
Direct Market Access Account
Total trading cost for $100,000
$5 per 100,000 traded
Starting at $60 per million
EUR/USD as low as 1.1
Variable spreads
EUR/USD as low as 0.2
Low variable spreads
STP execution for high-volume traders: 0.1
Level II pricing
Minimum trade size: $100,000

A new level of customization for forex

All of’s displays, tools, and reports are customizable, enabling you to set things up so everything you need is where you need it, when you need it. You can even use partner apps for further customization. An example: Set your Autochartist pattern recognition charts and trading software to match the opportunities you see in the market and execute trades how you want to.

A complete and feature-filled mobile experience’s mobile solutions for iPad, iPhone, and Android are engineered to give you all the same tools as the full version. The mobile apps don’t skimp on sophisticated features like advanced orders; this feature is important on the go because it enables you to cancel orders with other trades, create conditions for trades to be placed, and use trailing stops for profit taking. Additionally, educational videos on the apps offer you the opportunity to learn to trade forex from anywhere, anytime.

Diverse research for the market minded trader

If you tend to trade for the longer term and take advantage of fundamental news and analysis, is a great option. Daily, weekly, and quarterly research reports are published from outside sources as well as a full-time, in-house analyst team. Use fundamental reports with's published technical indicators and pivot points to execute a well-timed entry point.

Possible drawbacks

Other investment products limited in the U.S.

U.S. traders who enjoy's tools and customizable platforms may be surprised to learn that they cannot enjoy the same conveniences to trade other products. Stock, futures, and options trading are not available for any client, although some CFD products are available for overseas clients. Clients looking for diversification may be better off with thinkorswim.

The Competition thinkorswim Ally Invest ATC Brokers
Our review Our review
Forex trade
$13 $1 + $0.10 per 1,000 lot Select: $3.95
Standard: $4.95
Forex trade cost type
Pips Flats and pips Pips Commission
Minimum deposit
$2,500 $3,500 $250 $3,000
Maximum leverage (international)
50:01:00 50:01:00 50:01:00 200:01:00
Maximum leverage (U.S.)
50:01:00 50:01:00 50:01:00 50:01:00
View plans View plans View plans View plans vs. thinkorswim

The biggest difference between and thinkorswim is their scope of trading. With, you are limited to only forex trading, while thinkorswim allows you to trade your whole portfolio, including stocks, futures, and options. If you’re just starting out,’s more focused approach could lend itself better to learning the ins and outs of the forex economy. On the other hand, if you've spent years collecting a diverse portfolio, the lack of other trading options can be a bit of a letdown. vs. Ally Invest

If you want a low barrier of entry to the forex market, Ally Invest has you covered, requiring only $250 to start trading. Not only is its low price enticing, but Ally’s user interface is smart, simple, and stylish. This makes Ally a great pick for people who don’t want to be too overwhelmed, but this also means that it lacks the depth of a platform like Ally’s low volume of resources and research for traders also means that a lot of the heavy lifting of “reading” the market gets passed on to you. We appreciated the marriage of form and function with, so while Ally is still a great starting point, it may not be enough if you're looking for more detailed resources. vs. ATC Brokers

ATC Brokers presents itself as a business-first type of experience. Relying on a minimalist design and streamlined UI, ATC Brokers is a platform geared toward people who are familiar with forex trading and its complexities. ATC Brokers comes with a high minimum deposit of $3,000, and outside of its platform, it doesn’t give much guidance to traders who are new to the market. does a great job at catering to both newbies and experienced traders, something ATC Brokers just isn’t interested in offering. FAQ

What is forex trading like?

Forex trading is one of the more complicated markets to get acquainted with. Operating on a global scale means there is no centralized forex market — it's disparate and large. Unlike a traditional exchange, forex doesn’t stop; the result is a 24/7 market where money is constantly changing hands and value.

What is MetaTrader?

MetaTrader 4 is the most prevalent forex trading platform in the U.S, and many sites have integrated its tools into their experiences. syncs with MT4, meaning you’ll be able to use the latest and greatest in forex trading tools. One of the main features that makes MetaTrader compatibility so desirable is the ability to create “Expert Advisors.” These Expert Advisors are programs that users can create to automate trading in order to maintain a high-performing portfolio in times where you can’t be trading.

Does forex trading have more risk?

Arguably yes: Forex trading has all the regular financial risk market participation entails, but the lack of centralized organization exposes your data more. Agencies like the National Futures Association (FNA) and the Commodities Futures Trading Commission (CFTC) work hard to regulate the brokers in the market, but like any sort of financial market, there is an element of risk inherent in putting your money on the line. We advise you to be diligent in your search for a primary forex platform and find one that not only serves your needs, but that makes you feel secure as well.

The Bottom Line is a bit of a one-trick pony, but it excels at that one trick, delivering a complete forex trading experience. The limited scope of simply forex trading can be inviting to newcomers — users who want to get a handle on forex trading without any complications. The mobile experience is unparalleled in quality, and the range of tools and research at your disposal keep you equipped to make smart money moves. All-in-all, provides a competent and robust forex platform, whether on the go or from the comfort of your home.

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