Best Online Brokers For Trading Indices

Indices trading is a form of investment that has become increasingly popular mainly because of the generous profits traders are making. Indices brokers provide the software a trader needs to connect with the index market. Therefore, the first step you should take as a new trader is choosing the best indices broker from a long list of brokers.

Broker Info Bonus Open Account
Min Deposit: $10
Spread: from 0.1
Leverage: Up to 1 : 1000
Regulation: CySEC,FCA, FSCA, IFSC
Switch to FXTM and get $30 to Trade Visit Broker
Min Deposit: $100
Spread: 0.0
Leverage: 1:30
Regulation: CySEC, FCA, DFSA, FSCA
Visit Broker
Min Deposit: $5
Spread: From 0 Pips
Leverage: 888:1 “*This leverage does not apply to all the entities of XM group.”
Regulation: ASIC, CySEC, IFSC
Visit Broker
Min Deposit: $200
Spread: 5 Pips
Leverage: 600:1
Regulation: Reg1|REg2
200% up to $5000 Visit Broker
Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), CySEC
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit Bonus Visit Broker
Min Deposit: $1
Spread: From 0 Pips
Leverage: 1:30
Regulation: CySEC, FCA, SFSA
35% of the account Deposit Visit Broker
Min Deposit: $100
Spread: Starting 0 Pips
Leverage: up to 400:1
Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
Visit Broker
Min Deposit: $1
Spread: floating, from 0 pips
Leverage: 1:30
Regulation: FCA UK reference number 579202
Visit Broker
Min Deposit: $200
Spread: 0.3 pips
Leverage: 30:1
Regulation: ASIC Australia, FCA UK
Visit Broker

To start our detailed review process, we assessed the broker’s fee structure, minimum deposit requirements, education material, trading platform, and financial regulation. Finally, we handpicked and listed the best indices brokers for 2022.

1. XM

XM is a well-FCA-regulated broker with tight spreads over 3 simple accounts types. XM offers trading on indices, energies, precious metals, commodities, shares, and Forex. As a renowned online broker, XM stands out for its market research and educational support. The XM research team offers regular market updates across all Indices in a manner that’s very easy to understand, highlighting technical insight and trading opportunities. Webinars are available throughout the week in over 19 languages. The educational videos cover a wide range of trading concepts.

The XM accounts have negative balance protection as maximum leverage of 1:30. The minimum you can deposit is 5 GBP. Platform support is available for MT5 and MT4 traders, but the MT4 traders can only trade energies, precious metals, stock indices, and Forex.

Pros and Cons

Pros

  • Free withdrawals
  • Wide range of assets
  • Excellent education
  • Well regulated

Cons

  • Dealing desk

2. AvaTrade

AvaTrade is a leading FSCA regulated beginner-friendly indices broker offering to trade on indices, ETFs, vanilla options, bonds, stocks, commodities, cryptocurrencies, and Forex. All Indices offered by AvaTrade are also available in the mobile app. Important highlights of the app include zoom function, market trends monitor, and flawless synchronization with the webtrader.

AvaTrade’s single account has very tight spreads for a commission-free account. The minimum you can deposit is $100 but can be as low as 0.7 pips on EUR/USD. The maximum leverage is 1:400 on MT5 and MT4, which include hedging, scalping, indicators, and EA’s.

Pros and Cons

Pros

  • Low minimum deposit
  • Well regulated
  • Good for beginners

Cons

  • Limited market analysis
  • Dealing desk

3. Pepperstone

Pepperstone is one of the world’s largest online trading brokers offering traders access to a wide range of trades across different markets through a powerful and user-friendly platform, with superb customer service, fast execution, low-cost spreads, and cutting-edge technology.

Founded back in 2010, Pepperstone is headquartered in Melbourne Australia, and has global offices in Dubai, Nairobi, Dusseldorf, Nassau, Cyprus, and London. They offer traders 1200+ instruments to trade including Indices (28), ETFs, CFDs, bonds, energies, metals, shares, stocks, cryptocurrency, commodities, and Forex all via the mobile trading, WebTrader, cTrader, and MT4/MT5.

Available index spreads include S&P 500 (0.4), NASDAQ (1), DJIA (2.4), DAX 30 (0.9) and FTSE 100 (1). You can choose from any of the available accounts including Pro Account, Spread Betting, and Index CFDs.

Pros and Cons

Pros

  • Negative balance protection
  • Strict regulation
  • Award-winning customer support
  • Fast execution and low spreads/commissions
  • No account funding fees
  • Expert advisors, scalping and hedging allowed

Cons

  • No US clients

4. OctaFX

OctaFX is a reputed Forex broker that offers traders cTrader and Metatrader. It offers fast execution in all its platforms and allows custom indicators, scalping & hedging. OctaFX supports cTrader, MT5, and MT4 for mobile, web, and desktop users. The minimum deposit allowed is $100. Available trading instruments include Indices, metals, 3 cryptocurrencies, and 28 currency pairs.

Pros and Cons

Pros

  • Good range of accounts
  • Well regulated
  • Tight spreads
  • Low minimum deposit

Cons

  • Limited platform choice

5. eToro

eToro offers index traders a great platform that’s pretty easy to use. It’s an attractive platform that serves index traders in the United States. Moreover, customers outside the United States can trade Contracts For Difference (CFD) and stocks. The online broker is regulated in several jurisdictions and offers commission-free accounts, a wide variety of educational resources, excellent customer support, and lots of account funding options.

Pros and Cons

Pros

  • Great community for indices traders
  • Easy to use desktop and mobile app
  • Demo account
  • Straightforward fee structure
  • Users can copy trading

Cons

  • Lacks stocks and a few other investment options
  • Available in only 43 US states

 

Copyright © 2022. All Rights Reserved. top5forexbrokers
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. Top5forex will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.