image Zulutrade VISIT ZULUTRADE image FX Open VISIT FX OPEN image IG VISIT IG
About

Zulutrade is regulated by MiFID and have provided copy trading services since 2007.

FX Open is regulated by the Financial Conduct Authority. FX Open have provided Forex, CFD trading services since 2005.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 11 years in business
  • Yes
  • Yes
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 Level 3, 187 Queen Street, Cbd, Auckland, 1010 London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No Yes
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 50 90
Commodities Offered 0 34
Stocks Offered 0 8000
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No No Yes
Penny stocks No No No
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs Yes No Yes
IPO Yes No Yes
See all instruments

Losses can exceed deposits

See all instruments

Your capital is at risk

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No No No
MT4 Mac No Yes Yes
WebTrader No Yes Yes
Mirror Trader No Yes No
ZuluTrade Yes Yes No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No No ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes No
Available Languages

English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arabic, and Korean

English, Arabic, Farsi, Turkish, Spanish, Portuguese, French, German, Russian, Thai, Malay, and Indonesian

English, French, German, Spanish, and Portuguese

See platform & features

Losses can exceed deposits

See platform & features

Your capital is at risk

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Zulutrade and FX Open

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No Yes No
Standard account Yes Yes Yes
ECN Account No Yes No
Islamic account No Yes No
Zero spread account No No No
VIP account No No Yes
Fixed spreads Yes No No
Variable spreads Yes Yes Yes
See account options

Losses can exceed deposits

See account options

Your capital is at risk

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes Yes
Direct market access No Yes Yes
STP broker No Yes Yes
Market maker Yes Yes No
Min trade Varies 0.01 Lot £1
Max trade Varies None Variable
Min deposit Varies $1 $250

RISK MANAGEMENT

Stop losses No Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No Yes Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No Yes
Neteller No Yes No
Skrill No No No
Payment processing time Varies 1-3 business days Varies
Withdrawal processing time 2 business days 1-3 business days Varies
See all funding options

Losses can exceed deposits

See all funding options

Your capital is at risk

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries US US BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number 1-917-6282237 No 44 20 7633 5300
Live Chat Yes Yes Yes
Website www.zulutrade.co.uk https://www.fxopen.com http://www.ig.com/
Forex Spreads
EUR/USD 0.00 0.60
GBP/USD 0.00 0.90
USD/JPY 0.00 0.70
AUD/USD N/A 0 0.6
Cryptocurrency Spreads N/A 10
View all FX spreads

Losses can exceed deposits

View all FX spreads

Your capital is at risk

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 1.0
Nasdaq 100 1.0
Euro Stoxx 50 1.5
ASX 200 1.0
S&P 500 0.4
FTSE 100 1.0
Google 1 to 20
Facebook 4 points per side
View all spreads

Losses can exceed deposits

View all spreads

Your capital is at risk

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee Yes Yes Yes
Commission Varies 0.28 points Yes (0.1%)
Deposit Fee Varies Yes Varies
Withdrawal Fee Varies Yes No
View All Fees

Losses can exceed deposits

View All Fees

Your capital is at risk

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Featured In Best CFD Brokers
Best Social Trading Brokers
'>Best Fixed Spread Brokers
Best Brokers For Hedging
Best Brokers For Expert Advisors
Best Brokers That Accept Perfect Money
Best Brokers For Cross Currency Pairs
Best Brokers For EUR/USD
Best Brokers For Indices
Best FCA Regulated Brokers
Best Brokers For Commodities
Best Brokers For Stocks
Best Brokers For Copper
Best DAX Brokers
Best Brokers That Accept Credit Cards
Last update

All information collected from www.zulutrade.co.uk. Last updated on 01/06/2019.

All information collected from https://www.fxopen.com. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

ZuluTrade was founded in 2007 to fill the gap in services offered for individual traders, who want to keep in total control of their funds despite busy schedules which prevented them from following the changing markets every minute of the day.

ZuluTrade provides a web-based platform that audits traders globally and allows traders to share their experiences and strategies with interested individuals. The platform converts the advice and strategies from successful traders into a service which can rapidly execute trades by providing the link between the information in the markets and trade execution.

The underlying principle of ZuluTrade is to facilitate an open environment where traders can connect to any trading platform and share their insights and earn a commision when others use their advice to a live trade.

ZuluTrade is well suited for individual traders who want to trade but do not have the time to study or monitor the market by allowing you to easily find the best signal providers who are doing the this for you and easily convert their advice into live trades.

For more information about trading with Zulutrade, we have put together an indepth Zulutrade review with all the pros and cons about this broker.

FX Open is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with FX Open, minimum deposits start from $300, £200.

With FX Open you can trade 50 FX pairs, gold, silver, CFD indices and energies. If you like to trade on the go, FX Open have iPhone and Android apps so you can trade from anywhere on your phone.

FX Open offer MT4 - Desktop and WebTrader MT4 - Mobile platforms to make your trades and support 4 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by FX Open for the most popular instruments are:
0.3 EUR/USD, FTSE 100, 1.0 GOLD,
0.7 GBP/USD, DOW/JONES, Crude Oil,
see all the spreads here.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

Popular comparisons

Popular comparisons feat. Zulutrade

Zulutrade Alternatives

ETX Capital vs Zulutrade
Core Spreads vs Zulutrade
IG vs Zulutrade
Plus500 vs Zulutrade

Popular comparisons feat. FX Open

FX Open Alternatives

ETX Capital vs FX Open
ETX Capital vs Core Spreads
Plus500 vs XM
IG vs FX Open
Avatrade vs FX Open

Popular comparisons feat. IG

IG Alternatives

IG vs CMC Markets
IG vs ETX Capital
IG vs Plus500
IG vs City Index
IG vs Core Spreads

Zulutrade or FX Open?

Offers Paypal or access to MT4?

If you’re a trader looking for a broker that offers paypal as a funding method, Zulutrade may be the better option. However, if you want a broker that offers MetaTrader4 as a trading platform, FX Open may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Zulutrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Zulutrade is regulated by , while FX Open is regulated by Financial Conduct Authority and ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, FX Open will have very strict guidelines to follow to ensure they protect their retail trader clients.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Zulutrade has been around for 12 years, while FX Open have been around for 14 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Zulutrade does not use tier one banks as their banking partner. FX Open uses tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Zulutrade and FX Open are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Zulutrade are based in United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005, while FX Open are based in Level 3, 187 Queen Street, Cbd, Auckland, 1010.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Zulutrade and FX Open offer forex trading. FX Open have a slightly larger variety of currency pairs with 50 pairs, compared to offered by Zulutrade. Also, if you’re looking to trade cryptocurrencies, FX Open offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, Zulutrade may be a better fit as FX Open does not offer commodity trading.

Zulutrade and FX Open both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

Zulutrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. IG, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Zulutrade does allow scalping and hedging. While FX Open also allows scalping and hedging. You can trade with EAs (expert advisors) on both Zulutrade and FX Open.

In terms of risk management tools, Zulutrade doesn't offer negative balance protection, but FX Open does. Negative balance protection prevents you owing your broker more than you’ve deposited.

Zulutrade accept Paypal while FX Open accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Zulutrade and FX Open both charge 0.00 points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Zulutrade or FX Open?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Zulutrade is more reliable based on our criteria above. FX Open has a wider range of instruments to trade. FX Open offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.