Exness Summary

Exness is a globally recognized forex and CFD broker known for having tight spreads, lightning-fast execution, and remarkably transparent trading conditions. Founded in 2008, Exness has earned the trust of millions of traders through its offering of robust platforms like MetaTrader 4 and MetaTrader 5, and its own proprietary trading platform. Exness is also well-known for having almost-instant withdrawals, 24/7 customer support, and no hidden fees.

What sets Exness apart is its dynamic and unlimited leverage, low minimum deposit, and commission-free trading options, making it an excellent choice for both beginners and experienced traders. They have multiple regulatory licenses—including CySEC and the FSCA, promising a secure and compliant trading environment.

Why trade with Exness?

We rate Exness highly when it comes to low cost trading. While many brokers claim tight spreads and fast execution, Exness consistently delivers all these across a wide range of markets, platforms and market conditions.

One of the standout features is Exness’ market access to over 100 forex pairs, spanning major, minor and exotic currencies. Exness also provides market access to leading commodities, stocks, indices and cryptocurrencies, all through CFDs. This extensive selection offers traders flexibility to choose markets that suit their strategies, no matter whether they’re looking for high-volume major forex pairs or popular commodities like gold and silver.

Spreads with Exness remain low and stable, even during high-impact news events like NFP, CPI or FOMC. As the global markets are known for their volatility, this high level of consistency adds a layer of predictability that traders appreciate. Combine this with lightning-fast millisecond execution speeds, it ensures that traders can react quickly to market moves without a delay.

Last of all, platform flexibility is a strong plus with Exness. If you prefer traditional platforms, Exness offers the classic MT4 and MT5 suite across all devices. Or if you’re looking for a more modern and feature-heavy platform option, the Exness Web Terminal and Exness Trade app make trading smooth and seamless.

Trading with Exness: Pros and cons

✅ Ultra-tight, stable spreads. Competitive spreads even during volatile news events.

✅ Fast execution speeds. Orders are filled in milliseconds, crucial for scalpers.

✅ Swap-free account options. Ideal for traders seeking Sharia-compliant solutions.

✅ Unlimited leverage. Traders can access unlimited leverage on forex and other markets.

✅ Stop out protection. Helps protect against premature position closures.

✅ Multiple trading platforms. Trading supported on MT4, MT5, Exness Web Terminal, and Exness App 

❌ Limited educational resources. Not as strong as other brokers when it comes to beginner training or in-depth trading guides.

❌ Less markets than most. Exness does not offer as many markets as other brokers.

AvaTrade Summary

AvaTrade is a globally-trusted and recognized broker known for its robust and regulated trading environment. AvaTrade has built a comprehensive suite of instruments from forex to commodities and indices to ETFs, bonds, and cryptocurrencies. AvaTrade caters to both novice and experienced traders. Their intuitive platforms, including MetaTrader 4, MetaTrader 5, AvaSocial, Capitalise.ai, the AvaTrade App, and others ensure top-tier trading features along with fast and reliable execution. Combined with extensive educational resources through the AvaAcademy, AvaTrade offers an engaging low-cost trading experience that empowers clients to trade confidently and navigate the markets.

Why trade with AvaTrade?

AvaTrade earns our #2 best low-cost broker spot thanks to its balanced offering of reliability, platform variety, trader-focused tools, and low spreads. Regulated in multiple jurisdictions, including by the FSRA in Abu Dhabi’s ADGM, AvaTrade maintains a secure environment for trading over 1000 different markets.

Traders can access most markets 24/5 (24/7 for crypto), using platforms like MetaTrader 4/5, the browser-based WebTrader, the mobile-friendly AvaTradeGO app, and even AvaOptions for vanilla forex options (for more advanced forex traders). For social traders, ZuluTrade, DupliTrade, and AvaSocial provide easy access to copy trading and community learning if you’re looking for some trading inspiration.

While spreads average around 0.9 pips on EUR/USD, AvaTrade’s commission-free model, risk management features like AvaProtect, and Trading Central signals offer solid value for traders focused on low-cost trading, especially for those seeking solid education and ease of use. Plus, a free demo account will help new traders build confidence risk-free.

Trading with AvaTrade: Pros and cons

✅ Regulated in the UAE. AvaTrade is licensed by Abu Dhabi’s FSRA 

✅ Diverse instruments. Trade 1000+ instruments seamlessly.

✅Multiple ways to trade. AvaTrade offers trading through CFDs, futures and options.

✅ Swap-free accounts. Zero swap account available for traders seeking Sharia-compliant solutions.

✅ Built-in trading signals. Real-time trading insights from Trading Central are available directly in the platforms.

❌ Limited customizability. WebTrader and AvaTradeGO are simpler compared to MT4/MT5.

❌ Limited AvaAcademy access. Great courses but accessible only for registered clients.

❌ Inactivity fee charged. Traders will incur a fee after a period of account inactivity.

XM Summary

XM is a globally recognized forex and CFD broker. They combine user-friendly platforms, and multilingual support tailored to traders of all experience levels. This has made them a leading name in the industry. Regulated across several jurisdictions, XM has built a reputation for transparency, educational outreach, and extremely solid client protection policies. XM is also regulated locally by the Dubai Financial Services Authority (DFSA)

Traders at XM can access over 1,000 instruments, including forex, commodities, indices, stocks, and cryptocurrencies, with the flexibility to trade on MetaTrader 4, MetaTrader 5 or the XM App. With account types targeted for both beginners and advanced traders, XM’s appeal lies in its reliable spreads and very low minimum deposits. Whether you’re starting out with a demo or diving straight into live markets, XM gives you a balanced mix of accessibility, regulation, and trading power—making it a reliable option for serious traders and the #3 option on our list for best low cost brokers.

Why trade with XM?

XM shines as a solid choice for low cost traders valuing high leverage, a broad selection of stocks, and strong educational support. It’s a thoughtful mix of flexibility, platform reliability, and client protection still makes it a broker worth considering—particularly if you’re looking for multilingual learning tools and local UAE support in English and Arabic.

XM offers access to CFDs on around 57 forex pairs, 1000+ stocks, 10+ commodities and 31 cryptocurrencies. All trading is done via CFDs. This is where traders speculate on the price of financial instruments without actually owning the underlying asset physically. For those seeking higher exposure, with XM, you can get high leverage up to 1:1000 available through XM Global Ltd. Though availability may vary depending on your jurisdiction.

Where XM earns extra points is its dedicated focus on trader education. Their in-house team of analysts and over 70 instructors provide in-depth market analysis, webinars, and tutorials—creating a trading environment centered around learning. This commitment to trading education makes XM appealing to traders who want to improve their understanding of global markets while trading in real time.

The XM Standard Account offers accessible conditions for low cost trading, with floating spreads averaging at 1 pip, no re-quotes, and fast execution. With a minimum deposit of just $5, traders can open up to 200 simultaneous positions, trade in micro-lot sizes, and benefit from currency diversity. Accounts can be funded in USD, EUR, GBP, JPY, CHF, SGD, and AUD, a solid range of options.

Trading with XM: Pros and cons

✅ High leverage available. Traders can access leverage up to 1:1000

✅ Broad selection of instruments. Around 1000+ market to trade

✅ Strong educational resources. In-depth market analysis, webinars, and over 70 instructors focused on trading mastery.

✅ Swap-free accounts. No swap account available for traders who want Sharia-compliant solutions.

✅ Regulated in multiple jurisdictions. Licensed by top-tier regulators including the DFSA, FCA, ASIC, IFSC, and CySEC.

❌ Leverage varies by region. 1:1000 maximum leverage not available to traders in all jurisdictions.

❌ Inactivity fee: $15 fee imposed after 1 year of inactivity, then a $5 monthly fee if the account stays inactive.

❌ No proprietary desktop platform. XM does not have a proprietary trading platform for desktop.

❌ No crypto deposits. You can not deposit via cryptocurrency with XM

Plus500 Summary

Plus500 was founded in 2008 and is publicly listed on the London Stock Exchange, part of the FTSE 250 index. The platform gives traders access to over 2,800 instruments across forex, stocks, indices, commodities, crypto, options and ETFs at some of the lowest spreads you can find. It offers a user-friendly platform designed internally by Plus500 with commission-free trading available. Plus500 is regulated in multiple jurisdictions, including the UAE under both the SCA and DFSA.

Why trade with Plus500?

Trading with Plus500 means access to a wide range of instruments, giving traders plenty of opportunities to diversify and find the markets that suit their strategies. With competitive leverage of up to 1:300, traders can amplify their positions while maintaining full control through built-in risk management tools such as stop orders and negative balance protection.

We found Plus500 to be one brokers offering low-cost CFD trading. The broker does not charge any commission on trades. They only profit only through the spread, which is the difference between the buy and sell price. Plus500 offers floating spreads, which can change depending on real-time market conditions.

Trading with Plus500: Pros and cons

✅ High leverage. Access leverage up to 1:300

✅ 2,800+ markets. Plus500 offers a wide range of markets to trade.

✅ Trading academy. Gain access to Plus500’s academy focused on trading education.

✅ Regulated in UAE. Plus500 is regulated by the SCA and DFSA.

❌ Deposit and withdrawals. Plus500’s deposit and withdrawal options are limited.

❌ No phone support. Plus500 cannot be reached via telephone support.