NAIROBI, Kenya, July 10 – Global indices trading is interesting and profitable, with a wealth of untapped opportunities waiting to be discovered.
Successful trading depends crucially on selecting a broker that is well-regulated and offers favourable trading conditions. Here, we list the best indices brokers in 2023.
1. HFM
Overview
HFM is a multi-award-winning foreign exchange (FX) and commodities broker serving both retail and institutional clients. Automated, state-of-the-art trading platforms with a plethora of spreads and liquidity may be personalised for retail, affiliate, and white label clients.
HFM is what’s known as a “Straight-Through-Process” (STP) Broker, which means it facilitates trades without the use of a dealing desk. HFM promptly fills all orders at the prevailing, normal market pricing. Thanks to HFM’s customizable trading platforms, every Live Trading Account holder can trade in the way they choose and with the software of their choice.
| Minimum Deposit | $0 |
| Regulators | FSCA, CySEC, DFSA, FSA, CMA |
| Crypto | Yes |
| Total pairs | 53 |
| Trading fees | Low |
2. Pepperstone
Overview
Pepperstone offers over 20 different CFD indices, including many of the most popular ones in the UK, US, and Europe.
Spread betting on indices is available at no extra cost through Pepperstone’s service. Pepperstone’s index spreads change based on the time of day and the underlying index being traded.
| Minimum Deposit | $0 |
| Regulators | ASIC, FCA, DFSA |
| Crypto | Yes |
| Total pairs | 60+ |
| Trading fees | Low |
3. eToro
Overview
eToro is a leading broker, in particular in the areas of social and copy trading. The broker provides access to a wide variety of indexes and trading options outside of only forex.
You can acquire advice from seasoned investors and tips from novices alike by talking to other traders about indices in real time on the eToro platform.
Traders at eToro can choose from 13 different Asian indexes, including those from China, the European Union, the United States, and Australia. The initial spread on these indexes is small, with the average spread on the S&P 500 being 0.75 pips.
| Minimum Deposit | $200 |
| Regulators | CySEC, FCA |
| Crypto | Yes |
| Total pairs | 30 |
| Trading fees | Low |
4. XM
Overview
XM offers CFDs on more than 13 indices in the spot and futures markets. The broker’s minimum spread for the spot market is 0.4 pips and 0.8 pips for the futures market, and there are no further costs associated with trading.
Traders subject to EU and ASIC regulation can access leverage of up to 20:1, while those subject to FSC supervision can access leverage of up to 100:1.
| Minimum Deposit | $5 |
| Regulators | FSC |
| Crypto | Yes |
| Total pairs | 50 |
| Trading fees | Low |
5. Oanda
Overview
The broker provides access to 16 different indexes for trading. Major US, Australian, Singaporean, Hong Kong, and European indices are all represented.
Spreads on the S&P500 index at Oanda begin at just 0.6 pips, and participants in the Oanda Advanced Trader Programme receive additional perks, including lower spreads, based on their programme tier. All assets, not just indexes, fall under this category.
The minimum balance and monthly trading volume for the first tier is $10,000 and $10 million, respectively; the maximum balance and trading volume for the fourth tier are $250,000 and $500 million. There is a $15 refund or commission decrease for every $1 million in sales at the fourth tier.
| Minimum Deposit | $0 |
| Regulators | ASIC |
| Crypto | Yes |
| Total pairs | 45 |
| Trading fees | Low |
