ACY has a large number of instruments on the MT4 and MT5 platforms and a variety of low-cost trading accounts, and we were pleased to find that Deutschs will benefit from local ASIC regulation. ACY Securities’ commission-based accounts have spreads that start at 0 pips (EUR/USD) in exchange for commissions of between 5 and 6 USD, which is highly competitive. Experienced traders will also appreciate the wide range of instruments on offer, including 60+ Forex pairs and over 1600 share CFDs. Overall, ACY Securities has excellent regulatory oversight, a range of low-cost accounts with a wide range of tradable assets, decent educational and market analysis materials, and a good selection of trading tools, making it a good option for Deutsch traders.

For beginner traders who want low minimum deposits and prefer to trade in smaller trade sizes, Weltrade may be a tempting option. However, ongoing trading costs are higher than most other brokers, and Weltrade is not regulated, so trading security and safety cannot be verified. An STP broker, Weltrade offers trading on a small range of tradable instruments, including 37 forex pairs, 2 commodities, 4 metals, and 15 cryptocurrencies, which is severely limited compared to other brokers. Weltrade offers five live accounts and an unlimited demo account. Although the minimum deposit on its entry-level account is low at [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"], trading costs are high, with spreads averaging at 1.5 pips on the EUR/USD. Spreads tighten to 0.5 pips on the Pro Account, but this is in exchange for a minimum deposit requirement of 500 [fxs-broker-property identifier="currency"]. Additionally, the trading costs on its Zulutrade Account are exorbitantly high.  Weltrade offers full support for MetaTrader4 and its successor, MetaTrader 5, but offers virtually no trading tools. It also lacks educational and market analysis materials, forcing traders to self-educate elsewhere.

Established in 2010, FXCC appeals to MT4 traders looking for excellent trading conditions on a single live account. However, FXCC offers a limited range of tradable instruments compared to its peers. FXCC offers a single live commission-free account with no minimum deposit requirements and spreads that average at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD), which is tighter than other brokers.   Trading platform choice is limited to MT4 but is available on multiple devices as well as major web browsers.  FXCC also lacks trading tools, but free VPS hosting is offered for traders who maintain an account balance of 2500 USD or trade over 30 lots per month.  Apart from the wide selection of Forex pairs (70+), FXCC has a disappointing range of CFDs. This is mostly down to the fact that trading is only available on the MT4 platform.  It also provides a limited range of educational and market analysis materials and has a demo account that expires in 30 days, making it a poor choice for beginner traders. .  

ThinkMarkets is a multi-award-winning brokerage company with its headquarters found in the UK and Italia. The FCA (UK) and ASIC (Italia) are two of the most well-known regulatory authorities that oversee the company. The broker provides easy-to-use platforms with a wide variety of tradable assets and tools, making it suitable for both novice and expert traders. However, on the Standard account, trading costs on ThinkMarkets are higher than competitors’ costs. ThinkMarkets offers trading on a wider range of tradable assets than other brokers, including Forex, indices, commodities, crypto pairs, and 3600+ share CFDs. The ThinkMarkets Standard Account, with no minimum deposit requirement, has high trading costs compared to other brokers, at 12 USD per lot EUR/USD. On the other hand, the 500 USD minimum deposit ThinkZero account delivers better pricing at 8 USD per lot EUR/USD, which may interest more experienced traders.  ThinkMarkets offers support for the MT4, MT5, and in-house ThinkTrader platforms, and traders have access to some of the best trading tools in the industry, including Trading Central, Zulutrade, and a VPS hosting service. Trading Central is offered free of charge to account holders. The Zulutrade copy-trading service requires a subscription of 30 USD per month, and the VPS service has a subscription fee unless traders trade over 15 lots per month.  The ThinkMarkets education package is a good place to start for beginners. Daily market commentary is missing from the website, but real-time news from FX Wire Pro is integrated into the ThinkTrader platform, along with advanced order management, risk management tools, charts, and more.