With two low-cost accounts, a good range of Forex pairs, excellent market analysis materials, and good trading tools, INFINOX is a decent all-around broker.  INFINOX offers traders the choice of a commission-free STP account or a commission-based ECN account, both with a minimum deposit of 1 GBP (or currency equivalent). Trading costs range between 8 - 9 USD per lot traded, much lower than average for the industry. Trading is available on both the MT4 and MT5 platforms, and INFINOX also offers a great social trading app, especially good for beginners starting their trading careers. However, we were unhappy with the lack of transparency regarding deposits and withdrawals and were also disappointed by non-responsive customer support and INFINOX’s weak FAQ section. 

Checking a broker’s regulatory status is a simple process for all the major regulators. It only takes a few minutes and could save you a lot of money and heartache. A closer examination of the main regulators in the world is required, we are also going to discuss how to check if a broker is regulated.

An excellent all-round broker, Saxo Bank is a well-regulated investment bank and brokerage with two top-end trading platforms and an outstanding selection of financial instruments.  Geared towards more experienced traders, Saxo Bank’s ongoing trading fees are lower than average across all three account options, with spreads that average between 0.4 pips and 0.8 pips (EUR/USD), but it has a high minimum deposit of 1,000 CHF on its entry-level account and a whopping 1,000,000 CHF on its VIP Account. Experienced traders will also be satisfied with the number of financial instruments on offer, which includes no less than 190 Forex pairs.  Saxo Bank’s platforms are some of the best in the industry, and although MT4 and MT5 are not available, it supports algorithmic trading. We were also impressed at the quality and frequency of market research available at the brokerage, which is on par with some of the biggest players in the industry.