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 |
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Min Deposit: $10 Spread: from 0.1 Leverage: Up to 1 : 1000 Regulation: FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
Visit Broker | |
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Min Deposit: $100 Spread: 0.0 Leverage: 1:30 Regulation: CySEC, FCA, DFSA, FSCA |
Visit Broker | |
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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 |
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Min Deposit: $200 Spread: 5 Pips Leverage: 600:1 Regulation: Reg1|REg2 |
200% up to $5000 | Visit Broker |
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Min Deposit: $100 Spread: From 0.2 Pips Leverage: 500:1 Regulation: FSA (Saint Vincent and the Grenadines), CySEC |
50% bonus on each deposit | Visit Broker |
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Min Deposit: $10 Spread: From 0 Pips Leverage: 1:30 Regulation: CySEC, IFSC |
$140 to your account | Visit Broker |
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Min Deposit: $1 Spread: From 0 Pips Leverage: 1:30 Regulation: CySEC, FCA, SFSA |
35% of the account Deposit | Visit Broker |
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Min Deposit: $100 Spread: Starting 0 Pips Leverage: up to 400:1 Regulation: CFTC, FCA, NFA, FSA, ASIC, IIROC, SFC, CIMA, MAS |
20% welcome bonus | Visit Broker |
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Min Deposit: $1 Spread: floating, from 0 pips Leverage: 1:30 Regulation: FCA UK reference number 579202 |
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Min Deposit: $200 Spread: 0.3 pips Leverage: 30:1 Regulation: ASIC Australia, FCA UK, CYSEC, BaFIN, SCB, DFSA, CMA |
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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