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5 Best Forex Brokers for Soft Commodity Trading: 2024 Edition

Looking for the top soft commodity trading broker? Based on our hands-on analysis, we’ve identified 5 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
Aviva Gurevich
Updated: Mar 7, 2024

List of Top Forex Brokers for Soft Commodities Trading

Best brokers for US traders

Wide range of futures contracts, including eight soft commodities. Easy to use Plus500 Futures Trading App. Extensive educational materials in Futures Trading Academy. Zero platform, routing, deposit, and withdrawal fees.

Best brokers for international traders

2,250+ tradable instruments, including eight soft commodity CFDs. Trade from MT4, MT5 and cTrader platforms. Soft commodity CFD leverage up to 1:100. Research tools include Autochartist and Trading Central.

850+ tradable instruments, including five soft commodity CFDs. Trade from MT4, MT5, cTrader and IRESS platforms. Investment management MAM/PAMM accounts. Social trading tools and VPS service.

1,250+ tradable instruments, including five soft commodity CFDs. Low spreads on coffee, sugar, corn, cotton, and wheat with zero commission. Guardian Angel risk management tool for MT4/MT5. CFD, Spread Betting, Islamic, Professional, and Forex Option accounts.

2,000+ tradable instruments, including 14 soft commodity CFDs. Commission-free trading. eToro Academy packed with articles, videos, and courses. 25 million member social and copy-trading community.

How did FXEmpire select the Best Forex Brokers for Soft Commodities Trading?

FXEmpire's Methodology

  • We selected brokers with a high overall score in our proprietary broker rating system.
  • We verified each broker’s license with the regulator in their jurisdiction.
  • We explored the brokers’ tradable instruments to ensure a diverse range of soft commodities are available for trading.
  • We checked if the brokers allow soft commodities trading using leverage through CFDs, futures, or options.
  • We opened live trading accounts to examine the brokers’ trading fees for soft commodities.
  • We tested each broker’s trading platform to determine its user-friendliness and access to soft commodities.
  • We examined the account types offered to ensure soft commodities are available for trading on each one.
  • We looked for educational materials and research tools to support trading in soft commodities.

Using FX Empire’s comprehensive methodology, our team of experts has identified the best soft commodities trading forex brokers for this year. Here’s how we test.

Now let’s explore the selected brokers.

Best Overall

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
    $200
  • Tradable Instruments
    2251
  • Fees
    Low

Founded in 2007, IC Markets is our top overall broker for trading soft commodities. Regulated by CySEC, ASIC, and the FSA Seychelles, it offers over 2,250 tradable instruments, including eight soft commodity CFDs. Additionally, IC Markets provides excellent research tools and world-class trading platforms for soft commodities.

Soft Commodities Trading Features:

  • Regulators: CySEC, ASIC, FSA Seychelles
  • Max. Leverage: 1:100
  • Instruments: Cocoa, Coffee, Corn, Cotton, Orange Juice, Soybean, Sugar, Wheat
  • Products: CFDs
  • Fees for Coffee: 0.30 pips Average Spread, Zero Commission
  • Trading Platforms: MT4, MT5, cTrader

IC Markets offers an excellent range of 2,250+ tradable instruments covering forex, stocks, indices, commodities, and cryptos. This selection includes eight soft commodity CFDs, such as cocoa, coffee, corn, cotton, orange juice, soybean, sugar, and wheat, as well as stocks related to soft commodity manufacturers and producers such as Bayer and Archer-Daniels-Midland.

Soft commodities are available for trading on the MT4, MT5, and cTrader platforms with up to 1:100 leverage. This allows you to control a position in a soft commodity worth 100 times more than your initial deposit. The average spread for coffee is 0.30 pips, and there is no commission for buying or selling, making IC Markets’ pricing highly competitive.

I found that the broker offers research tools from Autochartist and Trading Central. These tools provide research and real-time trading ideas on all types of markets, including soft commodities, and can be an excellent addition to a trader’s toolbox.

Pros
  • Good range of soft commodities.
  • Up to 1:100 leverage on soft commodities.
  • Multiple trading and research platforms.
  • Competitive trading fees.
Cons
  • Research tools may overwhelm some beginners.

Best for Professional Traders

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

Founded in 2005, FP Markets offers a variety of account types and services tailored for professional traders. Regulated by CySEC, ASIC, and FSCA, and also operating an unregulated entity in SVG, it provides access to over 850 financial CFD instruments. The platform includes professional tools such as MAM/PAMM accounts, Social Trading software, a VPS service, as well as research resources like Autochartist and Trading Central

Soft Commodities Trading Features:

  • Regulators: CySEC, ASIC, FSCA, Unregulated entity in SVG
  • Max. Leverage: 1:100
  • Instruments: Cocoa, Coffee, Corn, Soybean, Wheat
  • Products: CFDs
  • Fees for Coffee: 0.69 pips Average Spread, Zero Commission
  • Trading Platforms: MT4, MT5, cTrader, IRESS

FP Markets offers a range of professional trading products. This includes access to MAM/PAMM investment management accounts, allowing you to trade multiple investor accounts from one master account. There are also social trading options to gain followers of your trades, which could result in an additional revenue stream.

I found five soft commodity CFDs available to trade on, including cocoa, coffee, corn, soybean, and wheat, among the 850+ CFD instruments covering forex, stocks, indices, commodities, and cryptos. The spread for coffee averages 0.69 pips, with zero commission for buying or selling, which is a slightly higher cost than that of other brokers.

Professional traders can access market research and trading ideas through Autochartist and Trading Central research tools. I found the extra indicators for MT4/MT5 provided by FP Markets in its Traders Toolbox package particularly useful when trading. The correlation matrix indicator, for instance, is excellent for identifying the correlation between different markets, ensuring that a portfolio does not have too many correlated positions.

Pros
  • Multiple trading platforms.
  • MAM/PAMM investment management accounts.
  • Social trading software.
  • Traders Toolbox package.
Cons
  • cTrader and IRESS platforms are not available in all regions.

Best Low Spreads

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

Founded in 2006, AvaTrade offers low spreads and zero commissions on soft commodity CFDs. There are over 1,250 financial CFD instruments available for trading across multiple platforms, including MT4, MT5, AvaTradeGo, AvaTradeWeb, and copy trading platforms like AvaSocial and DupliTrade.

Soft Commodities Trading Features:

  • Regulators: CBI, FSC BVI, ASIC, FSCA, FSA Japan, FSRA, ISA and CySEC
  • Max. Leverage: 1:10
  • Instruments: Cocoa, Coffee, Corn, Soybean, Wheat, Cotton, Sugar
  • Products: CFDs
  • Fees for Coffee: 0.25 pips Average Spread, Zero Commission
  • Trading Platforms: MT4, MT5, AvaTradeWeb, AvaTradeGo

AvaTrade offers very competitive trading fees for soft commodities. I found the spread for coffee averaged 0.25 pips, with zero commission to buy or sell. This rate is much better than the industry average of what other brokers quote. Furthermore, among the 1,250+ tradable instruments, five soft commodities are available for trading.

There are multiple trading platforms to choose from, including MT4, MT5, AvaTradeWeb, and the AvaTradeGO mobile app. MT4 and MT5 are well-known, industry-leading platforms. AvaTrade also provides an additional risk management tool for these platforms called Guardian Angel. This tool offers instant feedback on your decision-making process and trading actions, helping you to better manage risk and identify trading mistakes.

Pros
  • Competitive spreads and zero commission.
  • Multiple account types.
  • Guardian Angel risk management tool.
  • Multiple trading platforms.
Cons
  • $50 inactivity fee in case of no activity for 3 months.

Best for Beginners

51% of retail CFD accounts lose money.
  • Min Deposit
    $50
  • Tradable Instruments
    3705
  • Fees
    High

Founded in 2007, eToro offers an extensive range of educational materials for beginners. Regulated by the FCA, CySEC, ASIC, and FINRA, the eToro Academy features platform tutorials for its feature-rich web platform, trading courses on commodity trading, and a copy trading feature that allows users to automatically replicate the trades of other successful traders.

Soft Commodities Trading Features:

  • Regulators: FCA, CySEC, ASIC, FINRA, FSA Seychelles
  • Max. Leverage: 1:10
  • Instruments: Cocoa, Coffee, Corn, Soybean, Wheat, Cotton, Sugar, Orange Juice, Lean Hogs, Live Cattle, SoyOil, Oats, SoyMeal, Rice
  • Products: CFDs
  • Fees for Coffee: 0.70 pips Average Spread, Zero Commission
  • Trading Platforms: eToro Web

eToro offers an impressive range of 14 soft commodities for trading among its more than 2,000 tradable instruments. While many brokers offer agricultural soft commodities, few provide access to livestock markets, such as lean hogs and live cattle, as eToro does. I found the spread for coffee averaged 0.70 pips but with zero commission to buy or sell, which is slightly higher than other brokers’ quotes.

Beginner traders will enjoy how easy it is to trade from and navigate the eToro web platform. To assist users, there is an excellent range of platform tutorials available in the eToro Academy. Additionally, there are guides on how to search for and copy the trades of its 25 million member community, which is eToro’s flagship service.

In the eToro Academy, I found a diverse range of articles and video courses covering topics such as trading and investing, including a guide on how to trade commodities. This is an invaluable resource for beginner traders to learn more about the commodity market and how to confidently trade commodities.

Pros
  • Easy-to-use web platform.
  • Extensive eToro Academy.
  • Copy trading.
  • Commission-free trading.
Cons
  • $10 inactivity fee if no activity after 12 months.

Best Overall in the US

Trading with leverage comes with a high risk and may not be suitable for everyone.
  • Min Deposit
    $100
  • Tradable Instruments
    52
  • Fees
    Low

Founded in 2008, Plus500 is listed on the London Stock Exchange. In 2022, the broker launched its Futures Trading App for U.S. residents, allowing them to trade a wide variety of futures contracts with zero platform fees.

Soft Commodities Trading Features:

  • Regulators: CFTC, NFA
  • Margin Requirements: Up to $910 per contract, depending on market
  • Instruments: Soybean Meal, Corn, Soybean, Wheat, Live Cattle, Soybean Oil, Feeder Cattle, Lean Hogs
  • Products: Futures
  • Fees for Coffee: Market Spread, $0.89 Standard Contract
  • Trading Platforms: Plus500 Futures Web Platform & App

The Plus500 Futures Trading App offers an excellent range of futures markets to trade on, covering agriculture, metals, forex, energy, equity indices, and crypto. Its extensive agricultural products include soybean meal, corn, soybean, wheat, live cattle, soybean oil, feeder cattle, and lean hogs.

The margin rates for each soft commodity vary, with the lowest intraday margin being $250 for trading corn and the highest intraday margin being $910 for trading soybeans per contract. I found that the fee for one standard contract is $0.89 per side. Additionally, there are no platform, data, routing, deposit, or withdrawal fees.

Plus500 US also offers excellent educational materials through its Futures Trading Academy. I found the videos and articles to be helpful and informative, covering a variety of topics, such as understanding futures contracts and tips on futures trading strategies.

Pros
  • Extensive range of futures markets.
  • Zero platform and routing fees.
  • Zero deposit and withdrawal fees.
  • Easy-to-use futures trading app.
Cons
  • Only standard soft commodity contracts.

How to Choose the Best Soft Commodities Trading Broker?

Why Trade in Soft Commodities?

Soft commodities, such as agricultural products and livestock, are natural products that must be grown. Examples of soft commodities include coffee, corn, wheat, soybean, sugar, palm oil, lean hogs, live cattle, and more.

Soft commodities are essential to a functioning society and economy, leading to long-term price trends and heightened volatility. These characteristics make them excellent candidates for traders to speculate on and can be a good way to diversify a trading account from traditional asset classes such as forex and stocks.

Here is a quick guide on how to choose the best soft commodities trading broker.

1. Does the broker have a license to operate, and is it regulated?

When trading soft commodities, it’s crucial to ensure that you trade with a regulated broker who is authorized and licensed by a government’s financial authority to hold your funds safely and execute your trades without any conflict of interest.

However, not all regulated brokers provide the same level of investor protection. In our broker rating reviews, we classify regulators into three tiers:

  • Tier-1 regulators are based in well-known financial economies and offer the highest level of investor protection. Example regulators include the FCA, CySEC, MAS, IIROC, and others.
  • Tier-2 regulators comprise established but small financial centers. Example regulators include the DFSA, FSCA, FMA, and others.
  • Tier-3 regulators generally belong to more offshore-based countries and include the VFSC, SCB, FSC BVI, FSA Seychelles, and others.

Tier-1 regulators offer the highest level of investor protection. For instance, brokers regulated by UK FCA, IIROC, CySEC, and ASIC are legally obligated to segregate your funds from their own and to provide negative balance protection to prevent your account from going below zero.

Check out our guides on Best FCA-regulated brokers and Best CySEC-regulated brokers.

The FCA, IIROC, and CySEC go the extra mile by legally requiring brokers under their regulation to participate in a compensation scheme to safeguard client funds in case of the broker’s insolvency.

Unfortunately, many brokers are not regulated by any financial authority. These brokers are typically based in offshore locations such as St.Vincent and the Grenadines (SVG) and St.Lucia. It’s highly recommended to steer clear of such unregulated brokers due to the absence of legal recourse if they disappear with your funds.

You can verify your broker’s regulatory status and authorizations by reviewing the broker’s legal terms and conditions and checking the regulator’s register in the country they operate. Read more about best regulated forex brokers in our comprehensive guide.

2. Are the fees transparent and competitive?

When selecting a forex broker for trading soft commodities, it’s essential to consider the cost of trading with them. Here are a few fees to be aware of:

  • Spread: The difference between the buying and selling price. See our guides on the best zero spread and best lowest spread forex brokers.
  • Commission: A fee charged for buying or selling.
  • Overnight or swap fee: The cost of holding leveraged or margined positions overnight. Find the list of the lowest swap brokers in our detailed guide.
  • Payments: Fees related to depositing or withdrawing funds.
  • Inactivity: A charge imposed when there’s been no trading activity for a specific number of months.

While brokers will aim to levy the highest fees possible, choosing a broker that provides the lowest fees is ideal. You can confirm your broker’s fee structure by visiting their website’s account or fee page or speaking to their customer support team.

3. Which account type is best?

While some brokers present a wide range of account types, they generally fall into two categories: commission-free or commission-based accounts.

  • A commission-free trading account charges zero fees to buy or sell as the costs are incorporated into the spread, leading to wider spreads.
  • A commission-based trading account involves a buying or selling fee but often has lower spreads as price quotes come directly from the interbank market.

Learn more about Best ECN forex brokers and Best STP forex brokers.

What is the best account type?

A beginner trader may prefer a commission-free trading account since most costs are incorporated into the spread, resulting in fewer risk management decisions. Conversely, an advanced short-term trader might favor a commission-based account with lower spreads to execute trades at more precise market levels.

4. How much leverage is available?

When trading soft commodity CFDs, you are not purchasing the physical commodity. Instead, you trade a derivative of the commodity price and speculate on its price direction. This means you can trade long and short and profit from rising and falling prices using leverage.

But what exactly is leverage? If a broker provides 1:10 leverage, you can initiate a position worth ten times the deposit you’ve put down. In practical terms, you could open a soft commodity position valued at $1,000 while requiring only $100 as the deposit.

It is important to note that Tier-1 regulators have imposed restrictions on leverage for soft commodity CFDs, capping it at 1:10 for retail traders due to their potential volatility.

Some offshore brokers might advertise very high leverage, but you should exercise caution when dealing with them as they offer fewer investor protections. For traders seeking high-leverage options, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

5. What trading platforms are available?

Brokers typically offer various trading platforms for trading soft commodities, including:

  • MetaTrader 4: A reliable platform with real-time charts, advanced order tickets, diverse timeframes, and integrated technical analysis indicators and drawing tools.
  • MetaTrader 5: An enhanced version of MT4, providing a wider range of execution styles, order types, timeframes, and indicators.

Check out our dedicated guides on best MT4 brokers and best MT5 brokers.

  • cTrader: Tailored for high-frequency trading and scalpers, this platform is specifically designed for algorithmic traders. Read more about best cTrader brokers.
  • TradingView: A web-based social trading platform equipped with advanced charting and research features across global asset classes. See our detailed list on the best TradingView brokers.
  • In-House Proprietary Software: Some brokers develop their custom platforms with additional features compared to third-party platforms.

I prefer trading with a broker offering multiple platforms across different devices. This ensures that if one platform or device encounters any issues, I can switch to another, guaranteeing the management of my trading account.

Brokers tend to offer the use of a demo trading account, which is an excellent way to test a trading platform and practice. You can also check out our dedicated guide on best forex trading platforms.

What to avoid when choosing a CFD broker?

Here are several factors to steer clear of when choosing a forex broker for soft commodity trading:

  • Unregulated Brokers: Trading with unregulated brokers poses significant risks. If the broker acts fraudulently or decides to steal your funds, no safeguards are available for reclaiming your capital.
  • Lack of Transparency: Difficulty in identifying a broker’s regulatory status, trading fees, and terms signifies a lack of transparency. This is a warning sign that the broker may be hiding something.
  • Absence of Physical Presence: Brokers lacking a physical office and employees in a reputable region present another warning sign. A top broker will have offices in well-known financial regions and a large workforce to run the business.
  • Unrealistic Profit Promises: Brokers making unrealistic, exaggerated promises of substantial profits are not being honest and are most likely unregulated. Stay clear of these brokers.

How to avoid forex and CFD scams?

Unfortunately, the forex and CFD industry is abundant with scams. Here are some recommendations to avoid such fraudulent activities:

  • Only trade with regulated brokers and verify their licenses on the official regulator’s website.
  • Confirm that the broker operates from a physical office within a jurisdiction governed by a robust and credible regulatory framework.
  • Ensure access to live customer support to address any concerns or issues you may have.
  • Conduct due diligence by reviewing online news articles and broker reviews.
  • Only use payment methods for deposits and withdrawals you know and trust.
  • Carefully examine the broker’s terms and conditions before entering into any agreements or commitments.

And if you are still uncertain, you can always check out our database of reviews to find the most reliable brokers.

Our Methodology

Utilizing our in-house rating system, we analyze brokers across nine core categories, scrutinizing 250 data points covering:

  • Trustworthiness: We verify the brokers’ authorizations and licenses by the respective country’s regulatory body.
  • Fees: We evaluate trading fees by creating live trading accounts and comparing them against industry standards and competitors.
  • Trading platform and tools: We test the trading platforms to assess the range of features and user-friendliness.
  • Tradable instruments: We identify the number of tradable instruments to ensure there is a diverse range available.
  • Customer support: We engage with the customer support team to test the ease of access, knowledge, and helpfulness.
  • Payment methods: We explore the different deposit and withdrawal methods available and their associated fees.
  • Account types: We examine the features and benefits of each account type, including execution method, minimum deposits, and more.
  • Research and education: We assess the quality of the broker’s research and educational materials.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

In this guide, we investigated the full spectrum of tradable instruments offered by each broker to ensure a wide selection of soft commodities products are available for trading. We evaluated each broker’s soft commodity trading fees, benchmarking them against industry standards for competitiveness. Additionally, we reviewed the account types offered by each broker and tested the trading platforms to ensure easy access to soft commodity trading.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Soft commodities are natural products that must be grown. Examples of soft commodities include coffee, cocoa, sugar, cotton, wheat, and live cattle.
When trading in actual soft commodities, you are purchasing physical products such as ten cows or a bushel of corn. When trading soft commodity CFDs, you are trading a derivative of the market’s price and merely speculating on price direction without ever owning the commodity.
Soft commodities are natural products that are grown. Hard commodities are natural resource products that have to be mined or drilled.
Brokers regulated by a Tier-1 regulator such as the FCA, CySEC, ASIC, IIROC, MAS, FSA of Japan, and others restrict commodity trading leverage to 1:10 for retail traders.
Soft commodity trading will incur taxes as it is a business activity that involves profit and loss.
Some brokers may offer research tools that can identify specific price and chart patterns that can help to trade the soft commodity market.
Some of the costs involved in trading soft commodities include the spread, commission to buy or sell, overnight financing fees, and exchange fees.
Some top trading platforms to trade soft commodities include MT4, MT5, cTrader, ProRealTime, Trading Station, NinjaTrader, TradingView, and many others.
AvaTrade provides the lowest spreads on soft commodities. The spread for trading coffee averages only 0.25 pips, with zero commission.
Top brokers for trading soft commodities include IC Markets, FP Markets, AvaTrade, eToro, and Plus500.
Soft commodities trading is regulated, but only if you trade with a regulated broker who is facilitating your transactions.
Seasonality is the concept that the same price movement tends to develop around the same time each year due to changes in the supply and demand of a commodity influenced by repeated weather patterns. Soft commodities are highly seasonal.
Negative balance protection means that you cannot lose more money than you have deposited in your trading account. If the balance goes negative due to extreme market volatility, the broker will reset it to zero.
The brokers' website or legal terms and conditions document will contain this information. If it is not stated, then it is unlikely your broker will offer this protection. It is a legal requirement for brokers regulated by the UK FCA, CySEC, ASIC, and IIROC to offer this.
A compensation scheme compensates a broker's clients up to a certain amount if they go bankrupt or cease to operate.
Brokers usually state this information on their website and in their legal terms and conditions. If it is not written, then it is unlikely your broker will offer this. It is a legal requirement for brokers regulated by the UK FCA, CySEC, and IIROC to offer this.
A segregated fund holds client funds separate from the broker’s funds. This separation is crucial for protecting the clients' investments in case the company faces financial difficulties or bankruptcy, ensuring that client funds are not used to pay off the company's debts.
This information should be available on the broker's website and legal terms and conditions, or you can contact customer support. If it is not stated, then it is unlikely your broker will offer this protection. It is a legal requirement for brokers regulated by the UK FCA, CySEC, ASIC, and IIROC to offer this.

About the Author

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.