5 best Forex brokers & platforms with a-book execution in comparison
Table of Contents
See the list of the best 5 a-book Forex brokers:
Broker: | Review: | A-Book execution: | Regulation: | Assets: | Advantages: | Open account: |
|---|---|---|---|---|---|---|
1. Vantage Markets  | Yes | CIMA, ASIC | 300+ (40+ currency pairs) | + Fast execution + MT4 & MT5 + Low trading fees + No hidden costs + Free bonus + Multi-regulated | Live account from $200(Risk warning: Your capital can be at risk) | |
2. RoboForex  | Yes | IFSC | 9000+ (36+ currency pairs) | + Many awards + Huge diversity + Many account types + 1:2000 Leverage + Bonus program + Low spreads + Low commissions | Live account from $10(Risk warning: Your capital can be at risk) | |
3. IC Markets  | Yes | ASIC, FSA, CySEC | 232+ (65+ currency pairs) | + Supports MT4 & MT5 + No hidden fees + Spreads from 0.0 pips + Multi-regulated + Fast support team + Secure forex broker | Live account from $200(Risk warning: Your capital can be at risk) | |
4. FxPro  | Yes | FCA, CySEC, FSCA, SCB | 250+ (70+ currency pairs) | + Multi-regulated + User-friendly + Mobile trading + Competitive spreads + Free demo account | Live account from $100(Risk warning: 72.87% of CFD accounts lose money) | |
5. Pepperstone  | Yes | FCA, ASIC, CySEC, BaFin, DFSA, SCB, CMA | 180+ (60+ currency pairs) | + Authorized broker + Multi-regulated + 24/5 support + Low spreads + Leverage up to 1:500 | Live account from $200(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs) |
(5 / 5)
(4.9 / 5)
(4.8 / 5)
If you’re like most responsible adults, you are probably looking to invest some of your savings. Some people opt to put their money in real estate. Others invest in an acquaintance’s small business. But the most popular choice is trading online assets, specifically forex or currency pairs.
Trading is so popular because you can do it right from your living room or even your own bedroom. All you need is a mobile device, laptop, or desktop computer and a reliable internet connection, and you’re all set up.
However, it’s important for you to remember that trading requires a lot of knowledge. You will have to spend hours studying guides and tutorials, reading articles and blog posts, watching webinars, and enrolling in online courses to learn the basics of trading.
This is why you need to choose a broker that can help expand your knowledge while providing the trading services that you need.
These are some of the questions that you should ask yourself when you are looking for an online forex broker to partner with:
- Does a reputable agency regulate the broker?
- Has it been operating for at least two years?
- Does it offer its services to traders from my country?
- Can I trust and rely on this broker?
- Does it support the execution method that I want to use?
- Does it offer the specific forex pair that I want to trade?
- Can I easily ask for assistance from the broker’s customer support system?
Now, there are a lot of forex brokers out there that check all these boxes. But who has the luxury of time to go through hundreds of brokers in a day? This article will help you with the decision-making process by narrowing down your choices.
Listed below are the five best forex brokers that offer a-book execution. You will read about the broker’s history, regulations, advantages, disadvantages, and other important information. You will also read about the difference between a-book and b-book online forex brokers.
It’s important for you to know the difference between these two forex brokers if you want to make the most out of your investments. Also, with the right amount of knowledge, you will be able to protect yourself from brokers who are rooting for you to lose your trades.
List of the 5 best Forex brokers with a-book execution:
1. Vantage Markets
Vantage Markets, founded in 2009 as Vantage FX, is a subsidiary of Vantage Global Prime Pty Ltd. Vantage Markets is headquartered in Australia and operates under an AFSL, or Australian Financial Services License. ASIC, or the Australian Securities and Investment Commission, issued this license.
Its operations, however, are not restricted to Australia. The Financial Conduct Authority, or FCA, has granted Vantage Markets permission to operate in the United Kingdom. The Cayman Islands Monetary Authority (CIMA) and the Vanuatu Financial Services Commission (VFSC) both regulate it. It now has over 25 offices throughout the world and is permitted to operate in over 160 countries.
Advantages:
- Five minutes is all you need to create an account.
- You have the option of trading on the MetaTrader 4 or MetaTrader 5 platforms.
- These two platforms are also accessible via the Vantage Market mobile app.
- The website’s currency calendar keeps you up to date on the exchange market.
- There are over 30 forex pairings to choose from.
- A free demo account with virtual money is available for 30 days.
- The website’s educational area has a wealth of video lessons, instructional tools, and e-books.
Disadvantages:
- Vantage Markets requires a $200 minimum deposit.
- You must have at least $1,000 in your live trading account to obtain access to all of the Pro Trader Tools.
- To make use of the Pro account’s benefits, you must deposit $20,000 into your account.
Customer support is available around the clock through email, live chat, or telephone. The representatives support Hindu, Malay, Thai, Indonesian, Vietnamese, English, and Chinese.
(Risk warning: Your capital can be at risk)
2. RoboForex
Roboforex was established in 2009, and it serves traders from all over the world. RoboMarkets Ltd, however, is in charge of all activities in the EU and EEA areas. Over ten notable accolades have been given to the organization, including Best Affiliate Program, Most Trusted Broker, and Best Investment Products.
This broker is governed by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC). RoboForex, which has over 750,000 clients from over 155 countries, assures that their assets are segregated onto a different account from the company’s.
Advantages:
- The minimal investment required is only one dollar.
- This broker provides free research instruments as well as trading signals.
- It includes CopyFx, a one-of-a-kind investing program.
- You can withdraw your money within seconds.
- All mobile devices can access a mobile application.
- Trading systems include Rs Stocks Trader, R Mobile Trader, R Web Trader, MetaTrader 4, cTrader, and MetaTrader 5.
The broker’s customer service is available 24/7 and supports more than ten languages: Czech, Spanish, Uzbek, Chinese, Portuguese, Ukrainian, Arabic, Malay, Thai, Vietnamese, Taiwanese, Kazakh, and English.
(Risk Warning: Your capital can be at risk)
3. IC Markets
IC Markets was formed in 2007 by a group of specialists in Sydney, Australia. Over the years, they have grown its presence throughout the European region, and the business now has offices all over the world.
This forex broker is regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Supervisory Authority. These companies ensure that IC Markets is safe and trustworthy.
Advantages:
- MetaTrader 5, MetaTrader 4, and cTrader are available trading platforms.
- The mobile application for this broker provides access to all three trading platforms.
- Utilize the website’s free educational tools and material.
- You may practice trading for free on IC Market’s demo account.
- Trading fees and commissions are kept to a minimum.
- At IC Markets, there are no withdrawal or deposit fees.
- If your account is inactive for six months, you will not be charged an inactivity fee.
- It only takes a few moments to create an account.
Disadvantages:
- Customer support representatives take a while to respond.
- There are no recordings of webinars or videos on the website’s Educational tab.
- You will need $200 to open a live trading account.
- There is no option to activate price notifications on the desktop trading interface.
The website and support system are available in Bulgarian, Croatian, Italian, Malay, Spanish, Portuguese, French, German, Korean, Indonesian, Chinese, English, and Vietnamese. You can contact them via phone, live chat, or email, and they are available 24/7.
(Risk Warning: Your capital can be at risk)
4. FxPro
FxPro is a forex broker that was established in 2006. It is owned by FxPro Group Limited, a well-known broker based in Cyprus. It presently serves over 1.7 million dealers from 165 countries. This broker has won several awards, including “Most Trusted Forex Brand.”
FxPro’s operations are monitored by a total of four regulatory agencies. The four organizations are the Cyprus Securities and Exchange Commission, the Financial Conduct Authority, the Bahamas Securities Commission, and the Financial Sector Conduct Authority.
Advantages:
- You can keep track of the market’s movement with the real-time market news feature.
- A free demo account is available.
- Take advantage of low commissions and trading costs.
- It just takes a few minutes to set up an account.
- The charts and workspace may be tailored to your preferences.
- You can select to get notifications or price alerts on the trading site.
- You simply need to deposit $100 to start a live trading account.
- Learn to trade by utilizing all of the educational materials provided on FxPro’s website.
- You can deposit and withdraw funds without incurring any fees.
Disadvantages:
- If your account is inactive for six months, you will be charged an inactivity fee.
- You can only reach FxPro’s customer service representatives 24 hours a day, seven days a week.
- This broker accepts all major currencies but just a few minor currencies.
Customer service is available 24 hours a day, seven days a week by email, chat, or phone. The website’s Help Center answers certain inquiries and gives basic information on a variety of topics. You can view the website in 31 languages, including Croatian, Finnish, Korean, Japanese, English, Vietnamese, Lithuanian, French, Spanish, Italian, Polish, German, Malay, and many more.
(Risk warning: 72.87% of CFD accounts lose money)
5. Pepperstone
Pepperstone was formed in 2010 by a group of financial experts in Melbourne, Australia. They established Pepperstone with the goal of revolutionizing online forex trading. In 2016, this broker launched offices in Dallas, Bangkok, Melbourne, and London.
Pepperstone is governed by the CMA, BaFIN, DFSA, SCB, FCA, ASIC, and CySEC. It is also known as one of the largest forex brokers on the globe. Several notable awards have been bestowed on the organization, including Best Australian Broke, Best Trading Platform, and many more.
Advantages:
- Pepperstone does not impose a minimum deposit.
- Customer service representatives are easily accessible.
- Pepperstone has no fees for inactivity, deposits, or withdrawals.
- An account may be created in minutes.
- You can use the cTrader, MetaTrader 4, or MetaTrader 5 platforms to trade.
- The Apple App Store and the Google Play Store both have mobile applications available for download.
- You may test out the platform for free with a Pepperstone sample account.
Disadvantages:
- Pepperstone charges an overnight or rollover fee, which varies with every offer.
- Customer assistance is only available around the clock on weekdays.
- A withdrawal fee will be applied to clients located outside of Australia or the European Union.
Pepperstone’s customer service representatives will be happy to assist you if you have any other concerns or questions. They can be contacted through email, phone, and live chat, and they support Thai, Spanish, Vietnamese, Chinese, and English.
(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)
What is a-book execution?
Forex brokers that use the a-book execution send the trades executed by clients straight to MTFs or multilateral trading facilities or liquidity providers. A-book forex brokers profit by requiring clients to pay a commission fee or by raising the price of spreads. As a result, regardless of whether the trade is a win or a loss, there are no conflicts of interest because these brokers earn the same income.
A-book brokers are growing more popular as forex traders are comforted by the lack of this conflict of interest. Additionally, these brokers have an incentive to have winning traders because it increases their trading volumes and hence the brokers’ profits.
What is b-book execution?
Client orders are kept from within by b-book forex brokers. They take the opposing side of their clients’ executed trade, which implies that the brokers’ gains are frequently equivalent to the losses that their clients incur.
Internal hedging through the matching of opposing orders placed by other clients spread fluctuations, and other risk management measures are used by brokerage companies to manage the risks associated with the b-book execution method. Because the majority of retail traders lose money, brokers benefit greatly from the adoption of the b-book execution method.
It’s no surprise that b-book execution breeds a conflict of interest between online traders and the forex broker. Professional and knowledgeable traders have the potential to make these companies lose a lot of money.
Traders are frequently concerned about falling prey to the deceitful methods used by several brokers who want to be lucrative at all times. As a result, the major market maker forex firms employ a hybrid strategy in which transactions are placed in either an A Book or a B Book based on trader characteristics.
Conflict of interest explained
Conflict of interest is pretty self-explanatory. As mentioned above, for the a-book forex brokers, the company has the potential to earn regardless of whether the client wins or loses a trade. This means the broker won’t have to find ways to trick their clients into executing a trade that is almost guaranteed to lose.
As for b-book forex brokers, they bet against their clients’ trade. This means if the client manages to execute a winning trade, the broker gets nothing. The opposite happens too. If the client loses a trade, the broker gains a profit. Conflict of interest only exists with b-book forex brokers, and it’s quite obvious why this is the case.
Deposits
- Vantage Markets
You can use wire or bank transfers, bank cards, or online e-wallets to input funds into your Vantage Markets account. The available online wallets are AstroPay, UnionPay, Skrill, FasaPay, and JCB. Deposits made with online wallets are processed immediately, but it may sometimes take a couple of minutes. Most of the time, the amount will immediately be credited to your Vantage Markets account.
If you want to use your bank card, Maestro, MasterCard, and Visa debit and credit cards are accepted by Vantage Markets. The process takes a few minutes to an hour. As for deposits made through wire or bank transfer, this usually takes 1-3 business days.
- RoboForex
RoboForex accepts a variety of deposit methods. Asia Commercial Bank, TPBank, Eximbank, Bancolombia, Bradesco, China UnionPay, PSE, Boleto, Santander Rio, UnionPay, Santander, and many other banks are accepted. This type of payment takes only one day to process.
NganLuon Wallet, Perfect Money, AdvCash, Neteller, AstroPay, and Skrill are all the e-wallets supported by RoboForex for deposits. In most cases, the monies will be deposited into your account within a few minutes or hours. RoboForex accepts the following bank cards: JCB, Visa, MasterCard, and China UnionPay. Deposits might take up to a day.
- IC Markets
Bank or wire transfer deposits, MasterCard or Visa debit or credit card deposits, and e-wallets are all accepted at IC Markets. The key difference is that the available e-wallets include Klarna, Bpay, Rapidpay, FasaPay, UnionPay, Skrill, Neteller, and PayPal.
Deposited funds will be credited to your account instantly or within a few minutes. However, keep in mind that this is subject to the operations of the bank, card, or e-wallet you use. If it is taking too long, you may always call their customer service.
New Zealand dollar, Australian dollar, Japanese yen, US dollar, Swiss franc, Hong Kong dollar, Canadian dollar, Singapore dollar, Euro, and Great British pound are the currencies accepted by Capital.com.
- FxPro
Deposits made with a MasterCard, Maestro, and Visa debit or credit card usually take a few minutes to process. The following currencies are accepted by this deposit method: Great British pound, US dollar, Swiss franc, Euro, Australian dollar, Japanese Yen, and Polish złoty. Adding funds through bank or wire transfer takes at least a day, and it only accepts South African rand, Japanese yen, Australian dollar, Great British pound, Euro, Swiss franc, Polish złoty, and US dollar.
For online wallets, you can use UnionPay, Neteller, or Skrill to top up your online FX trading account. US dollar, Swiss franc, Japanese yen, Polish złoty, US dollar, and Euro are among the currencies available.
- Pepperstone
This online forex broker may make deposits using MasterCard or Visa debit or credit cards. Bank and wire transfers are also available, with up to three business days processing timeframes. This broker takes PayPal if you prefer to utilize online wallets, and the funds will be transferred into your account immediately.
Only nine major currencies are accepted by this broker. The currencies that may be deposited into your Pepperstone account are Euro, Swiss franc, US dollar, Australian dollar, Singaporean dollar, Great British pound, Japanese yen, New Zealand dollar, and Hong Kong dollar.
Withdrawals
When it comes to withdrawing your cash, you should utilize the same method that you used to deposit them into your live online forex trading account. This makes the withdrawal procedure go more smoothly.
Most brokers do not impose fees when you withdraw your cash. However, read the terms and conditions carefully to avoid any misunderstandings. Read the information provided above as well.
Withdrawals made via wire or bank transfer normally take a couple of days to complete. This takes at least a day for debit or credit cards. Finally, this is generally instant for online wallets, but you should allow up to 24 hours.
If the procedure is taking too long or you have any concerns, you should contact your broker right once. They’ll walk you through the withdrawal procedure and even keep you updated on the status of your request. However, you may rest easy that you will get the monies you remove at some point.
Conclusion – Make sure to choose the right broker when looking for a-book execution
When looking for a forex broker with a-book execution, it’s important for you to take your time and really get to know the company as a whole. Remember, you will be entrusting them with your hard-earned money and personal information.
Reading articles like this or user reviews online will help you get the information that you need. They will also help you narrow down your choices. But you should at least invest some time to check the website yourself, test out the trading platform, and even check to see if you can rely on the customer support representatives.
To sum things up, both a-book and b-book brokers have their own advantages and disadvantages. Study the information provided above and check out other sources on the internet to get more details on these types of brokers. It’s important for you to know the difference between them before deciding on a forex broker to partner with.
FAQ – The most asked questions about Forex brokers with a-book execution:
Which is better, a-book or b-book?
The answer to this question is obvious. Naturally, you would want to partner up with a broker that is neutral. A-book brokers make a profit regardless of whether the trades you execute turn out to be a win or a loss. But you have to remember that a-book brokers typically charge a higher commission rate, or they increase the spreads.
As for b-book brokers, they don’t usually charge a commission fee. However, they bet against the trades made by their clients. This means that if you make a profit, they get nothing. If you lose a trade, the broker makes a profit.
It’s normal to be skeptical towards b-book brokers since some of these companies do what they can for you to open up a losing trade. So b-book brokers aren’t ideal for beginners. Study the market and make sure to do a lot of research before you open a trade if you are dealing with b-book brokers.
What is the best A book Forex Brokers NDD Investment Platform?
According to research and survey conducted, we have come to the conclusion that the best A book forex Brokers NDD investment platform is the IC market. We have considered it the best of all because of its active followers, which sum up to more than 180000. It is largely used by many. This market is strictly regulated by tier 1 financial regulators, which comprise the Australian Securities and Investment commissions, Financial Services Authority, and Cyprus Securities and Exchange Commission. This market was initiated in 2007, and its current headquarters is in Australia. You can easily initiate your trading journey with the IC market with a bare minimum deposit of 200 min.
Last Updated on January 27, 2023 by Arkady Müller
