Best Hybrid Broker Forex Brokers

A list of the Top 5 Hybrid Forex Brokers

• Just Markets 
• AvaTrade
• Exness
• XM
• HFM

Best Hybrid Forex Brokers (Compared and Reviewed)

Just Markets

Founded in 2012, Just Markets is an online forex broker that offers forex and CFD trading facilities. Regulated by CySEC, FSC (Mauritius), and FSA (Seychelles), Just Markets provides a wide range of trading instruments, including Forex, CFDs, and Cryptocurrencies. The broker allows almost all trading styles, from scalping to EA Trading, Copy Trading, and news trading.

Just Markets offers multiple trading platforms such as MT4, MT5, and a mobile trader platform. For passive investors, Just Markets provides a “copy trading” platform. The broker offers leverage as high as 3000:1. Additionally, with floating spreads starting from 0 pips, Just Markets aims to provide competitive pricing for its clients.

Key Features:

• Applicable For: Applicable for all jurisdictions including CySEC, FSC, FSA-S, FSCA
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex,CFDs, Gold, Oil.
• Trading Platforms: MT4, MT5, MetaTrader Webtrader
• Minimum Deposit:  $1
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips for the Raw Spread account, $3 per lot for the Raw Spread account, and no commission for the Standard and Pro account.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 200 Lots 
• Funding Currencies: USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR AED NGN
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 20%
• Margin Call Level: 50% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

Pros:

• Regulated by CySEC, FSC, FSA-S 
• The minimum deposit is as low as $1 
• Maximum Leverage is 1:3000 (up to 1:30 for retail clients and up to 1:3000 for professional clients on justmarkets.eu )
• All strategies are allowed (Scalping, News trading, EA Trading) 
• Negative balance protection;
• Multilingual support 24/7.
• MetaTrader 4/5 Offered
• Spreads from 0 pips
• 170+ trading instruments

Cons:

• Not regulated by tire regulators like FCA, ASIC 
•  No passive investment program ( MAM, PAMM Accounts) 
•  US, UK, or Japan Traders are not accepted 
•   A small selection of trading instruments;
• Sometimes it takes time to receive a response from technical support;
•  3% withdrawal fees if you do not have any trading activities 

Avatrade:

Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders. To learn more, you can read our review of Avatrade.

Key Features:

• Trading Instruments: 1,250+ popular assets, across Forex, Stocks, Commodities, Indices, ETFs, and Options.
• Maximum leverage: 1: 30 for EU, UK, and Australian clients, 1:400 for global clients
• Minimum Deposit: $100
• Account Types: Two ( Retail account, Professional Account) 
• Trading Fees: Starting from 0.9 pips on forex 
• MAM:  Available 
• PAMM: No 
• Scalping: Allowed 
• News Trading: Allowed. However, spreads widen during major news 
• EA/ Robot Trading: Allowed

Pros

• Free deposit and withdrawal options
• Great research tools
• a wide range of trading instruments
• ability to trade from mobile devices
• Unique social trading features
• Impressive educational offerings
• Negative balance protection
• Does not charge any fees for deposits or Withdrawals
• Offers commission-free trading
• Offers negative balance protection
• Supports multiple trading platforms and EA

Cons

• High inactivity fees
• Not regulated by the FCA
• Does not accept U.S. clients
• No guaranteed stop-loss
• Do not have 24/7 customer support

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3 pips. The broker is regulated by FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, and FSA in Seychelles. 

Key Features:

• Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
• Maximum leverage: up to Unlimited :1 
•  Minimum Deposit: $1 
• Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
• Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros

• Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
• The maximum leverage is as high as 1:unlimited or 1:2000
• The minimum deposit is as low as $1 or depends on payment methods
• Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
• Competitive spreads starting from 0.2 pips on standard accounts
• Swap-Free/Islamic Account Provided
• Scalping, EA Trading, and Copy Trading are allowed 
• Instant Withdrawal of Money 24/7

Cons

• No Passive investment programme ( PAMM, MAM Accounts) 
• No Ctrader, Tradingview, zulutrade offered 
• US Traders are not accepted 
• Only MT4 and MT5 Trading Platforms 
• Limited educational resources

XM

Founded in 2009, XM is a forex and CFD broker that offers online trading services globally. It provides access to over 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, and shares. The broker is regulated by multiple reputable regulatory authorities, including FSC, ASIC, CySEC, DFSA, and FSCA. The broker offers a full edition of the popular MT4 and MT5 platforms, which include numerous proprietary indicators. XM offers a maximum leverage of 1:1000 to its clients. It is a low-cost broker with spreads starting from as low as 0.6 pips. 

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Turbo Stocks CFDs, Metals CFDs, Energies CFDs
• Maximum leverage: up to 1000:1 
•  Minimum Deposit: $5 or Equivalent
• Account Types: Micro, Standard, Ultra Low, Shares Accounts 
• Fees: Starting from 0.6 in Ultra-low account, 1 Pips for standard account, and 1 Pips for Micro account
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed 

Pros:

• Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
• Easy and fast account opening
• Minimum deposit is $5
• Over 1000 forex/CFDs are available for trading.
• MT4 and MT5 are the available trading platforms.
• Quality research, market analysis, and access to trading tools like Autochartist.
• Quality training for newbies and ‘ultra-low micro account’ for beginners.
• High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)

Cons:

• Dormant fees are charged after 3 months of no account activity.
• Trading of real stocks is not available to European traders.
• Traders have no other choice apart from the MetaTrader platforms.
• Limited tradable assets.
• No passive investment services (social trading platform, PAMM accounts);
• Funding with PayPal is unavailable

HFM (HF Markets)

Founded in 2010, HFM is one of the renowned forex and CFD brokers offering online trading services worldwide. The broker was previously known and founded as HotForex. HFM provides over 1,000 trading instruments, including forex, commodities, metals, bonds, energies, ETFs, indices, stocks, and cryptos. It is regulated by multiple regulatory authorities, such as the FCA, CySEC, CMA, FSC, SVGFSA, FSA-S, FSCA, and DFSA. HFM has received over 60 industry awards for outstanding performance and offers leverage as high as 1:2000. It boasts about 2.5 million clients from all over the world.

Key Features:

• Trading Instruments: 3000+ trading instruments including Forex, Metals, Energies, Indices, Stocks, Commodities, Bonds, ETFS, Cryptos 
• Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
• Minimum Deposit: No Minimum Deposit. 
• Account Types: Two (Standard, Elitetrader) 
• Trading Fees:  Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
• PAMM/ MAM:  
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros

• Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
• The Maximum Leverage is as high as 1:2000
• Favorable trading conditions and low spreads – from 0 pips;
• Trading is available on the MT4, MT5, and HFM trading app
• Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
• Insurance coverage of up to $5,000,000
• Copy trading via HF Copy.
• Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts.

Cons

• Premium Pro account requires a $5000 minimum balance
• To copy trades on HF copy, you need a deposit of €300.
• No micro accounts for European beginner traders.
• No bonuses for EU Clients 
• Few account currencies, which is why some clients have to pay for double conversion
• Customer support is closed on weekends.

Can I trust these Hybrid Forex Brokers?

Yes, you can trust these Hybrid Forex Brokers. Brokersway recommends brokers based on facts and findings. We evaluate brokers based on 170 data points grouped into 6 macro categories including regulations and security, fees, Trading experience, trading tools, customer support, and trading education. Multiple regulatory authorities regulate these brokers. So they are legit and trusted. Here are the regulations of these brokers

• Just Markets: Regulated by 5 regulatory authorities, including CySEC, FSC- Mauritius, FSA-S, FSCA.
• AvaTrader: Regulated by 8 Regulatory Authorities including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC
• Exness: Regulated by 8 Regulatory Authorities including CySEC, FCA, CMA, FSCA,  FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI)
• XM: Regulated by 5 Regulatory Authorities including ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global)
• HFM (HF Markets): Regulated by 6 Regulatory Authorities including FCA, CySEC, DFSA, FSCA, CMA, FSA in Seychelles

How Did We Select These Hybrid Forex Brokers?

To select the best Hybrid forex brokers, we follow the procedures below.

Research:

To choose the best Hybrid forex brokers, we conducted extensive research, focusing on the spreads, features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.

Data Collection:

We gathered data from various reliable sources, including official regulatory bodies, broker websites, and reputable financial news platforms. This data encompassed key metrics such as trading fees (spreads, commissions),  available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.

Verification:

After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.

Live Testing:

We conducted live testing of the shortlisted brokers to provide a real-world perspective. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.

Scoring:

Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, and overall user experience. Each category was assigned a specific weight, reflecting its importance in the trading process. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders who want to trade with Hybrid forex brokers.