No broker is perfect, and HiWayFX is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to HiWayFX:
- HiWayFX is not regulated by the Financial Conduct Authority
- HiWayFX does not offer MT5
- HiWayFX charges an inactivity fee
- HiWayFX does not offer access to IPOs
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best HiWayFX alternatives.
Top alternative: IG
The most popular alternative to HiWayFX is IG, a brokerage regulated by the Financial Conduct Authority, UK and over 40 years in business. Another strong alternative is AvaTrade, which is regulated by Central Bank of Ireland, ASiC, FSA and the FSB.
Here are some of the key reasons why traders choose IG and AvaTrade over HiWayFX:
|Regulator||Unregulated||Financial Conduct Authority and ASiC||Central Bank of Ireland, ASiC, FSA, FSB and BVI|
|Min. Trade||0.01 Lot||£1||0.01 Lot|
|Platforms||MT4, Mac,||MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps|
If you want to read more about IG, we've put together an in-depth IG review that explores their platform, spreads, and trading conditions in more detail.Visit IG
If IG isn't quite right, we've also listed ten suitable HiWayFX alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.