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

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

FxGlobe
9.2 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FXGLOBE
AFX Capital
8.1 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AFX CAPITAL
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

FxGlobe is regulated by CySEC. FxGlobe have provided Forex, Spread betting, CFD trading services since 2009.

AFX Capital is regulated by the Financial Conduct Authority and CySEC. AFX Capital have provided Forex, CFD trading services since 2010.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Limassol, Cyprus 33 Sun Street, 2nd floor, London, UK, EC2M 2PY Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 48
Commodities Offered 21
Stocks Offered 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

73.83% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all instruments

77% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms No AFX Fast Xstation5

APPS

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

English, Spanish, Italian, French, Arabic, and Greek

English, Polish, Italian, Polish, and Chinese

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

73.83% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FxGlobe and AFX Capital

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

73.83% of retail investor accounts lose money when trading CFDs with this provider.

See account options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes No Yes
Virtual private server No Yes No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade None $5,000 100 Lot
Min deposit $250 $20 $1

RISK MANAGEMENT

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

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes Yes
Skrill No Yes Yes
Payment processing time 1 business day 1 business day Same day if requested before 1PM
Withdrawal processing time 1 business day 1-5 business days Same day if requested before 1PM
See all funding options

73.83% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 357-25870060 +44 207 710 0000 (UK), +357 25262710 (CY) 44 2036953085
Live Chat Yes No Yes
Website https://www.fxglobe.com/ http://www.stofs.co.uk/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 0.1 pips
View all spreads

73.83% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No Yes No
Commission Yes $5/Lot per side Yes
Deposit Fee No No No
Withdrawal Fee No No No
View All Fees

73.83% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from https://www.fxglobe.com/. Last updated on 01/10/2019.

All information collected from http://www.stofs.co.uk/. Last updated on 01/10/2019.

All information collected from www.xtb.com. Last updated on 01/10/2019.

Company

FxGlobe is an online forex trading service provider who are regulated by CONSOB, REGAFI, CNMV, FCA, HCMC, FMA, FI, FSAN, BaFin, CNB, FINANSTILSYNET, FI, MNB, MFSA, CNVMR, NBS, ATVP, AFM, FKTK, HANFA, KNF, CMVM. To open an account with FxGlobe, minimum deposits start from $250.

With FxGlobe you can trade currencies, shares, commodities and indices

FxGlobe offer Meta Trader 4, WebBrowser, and mobile platforms to make your trades and support 7 different languages.

The spreads offered by FxGlobe for the most popular instruments are:
2.2 EUR/USD, 2.0 FTSE 100, 2.0 GOLD,
5.1 GBP/USD, 4.0 DOW/JONES, 4.0 Crude Oil,
see all the spreads here.

AFX Capital is an online forex trading service provider who are regulated by the Financial Conduct Authority, CySEC. To open an account with AFX Capital, minimum deposits start from $20.

With AFX Capital you can trade Forex, indices, commodities, equities, and bonds.

AFX Capital offer MetaTrader 4, AFX Fast platforms to make your trades and support 5 different languages.

The spreads offered by AFX Capital for the most popular instruments are:
1.8 EUR/USD, 1 FTSE 100, 38 GOLD,
2.1 GBP/USD, 3 DOW/JONES, 4 Crude Oil,
see all the spreads here.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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FxGlobe or AFX Capital?

Offers live chat support or offers Islamic accounts ?

If you’re a trader looking for a broker that supports live chat, FxGlobe may be the better option. However, if

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 FxGlobe and AFX Capital to be equally reliable. We’ve broken down why below:

Who are they regulated by?

FxGlobe is regulated by CySEC, while AFX Capital is regulated by Financial Conduct Authority, CySEC.

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

XTB 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.

FxGlobe has been around for 10 years, while AFX Capital have been around for 9 years. Our third alternative broker, XTB, have been around for 17 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.

Both FxGlobe and AFX Capital use tier one banks, but we are not sure of which bank specifically.

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.

We’re not aware of any penalties or fines imposed by regulators on FxGlobe or AFX Capital in the past five years.

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 FxGlobe and AFX Capital 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.

FxGlobe are based in Limassol, Cyprus, while AFX Capital are based in 33 Sun Street, 2nd floor, London, UK, EC2M 2PY .

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 FxGlobe and AFX Capital offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither FxGlobe nor FxGlobe offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FxGlobe and AFX Capital offer this. Our alternative broker, XTB, also offers MT4 and MT5.

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. FxGlobe, 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.

FxGlobe does allow scalping and hedging. While AFX Capital also allows scalping and hedging. You can trade with EAs (expert advisors) on FxGlobe but you can't trade EAs (expert advisors) with AFX Capital.

In terms of risk management tools, FxGlobe does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but AFX Capital doesn't offer this.

FxGlobe also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

FxGlobe accept Neteller while AFX Capital 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, FxGlobe charges 0.70 points, while AFX Capital charges points. Therefore, AFX Capital is the more affordable for this instrument. If you want to compare their spreads across more instruments, 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: FxGlobe or AFX Capital?

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

Objectively, AFX Capital is more reliable based on our criteria above. AFX Capital has a wider range of instruments to trade. AFX Capital 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.