A market maker broker, HYCM is a subsidiary of the Henyep Group, which has been involved in asset trading for over 40 years, giving potential clients an additional level of confidence in using this broker. Its various companies are regulated by the FCA in the United Kingdom, CySEC in Europe, and the DFSA in Dubai.  HYCM offers trading on more than 300 instruments, including Forex, commodities, stocks, ETFs, indices, and over 21 cryptocurrencies, a broader range than is typically seen at other brokers.  HYCM offers three live accounts which are suitable for beginners and more experienced traders.  The commission-free Fixed and Classic accounts have a low minimum deposit requirement of only 100 USD, but spreads that start at 1.5 pips and [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD) respectively, which is wider than other brokers.  However, most traders will be interested in HYCM’s low-cost Raw Account, with spreads starting at 0.2 pips on the EUR/USD in exchange for a commission of only 4 USD (round turn) and a reasonable deposit requirement of 200 USD.    Support is offered for both MT4 and MT5 alongside a comprehensive market education suite that is beneficial for traders of all experience levels. However, HYCM’s analysis materials are limited, forcing traders to seek market news elsewhere.

GKFX Prime will appeal to traders looking for a regulated MetaTrader broker with copy trading functionality, VPS hosting services, and a good selection of analysis tools. GKFX Prime’s trading costs are generally higher than average, but only one of its four account types requires a minimum deposit.    Founded in 2012,  GKFX Prime is a well-regulated market maker with four live accounts on the MT4 and MT5 platforms.  GKFX offers the MT4/MT5 Boost, a plugin that provides additional functionality to the trading platforms. It also offers Autochartist and Trading Central for free, two of the best technical analysis tools in the industry.  A free VPS service is provided to traders who deposit 4,000 USD or more, and for traders interested in copy trading, GKFX Prime offers Zulutrade and Myfxbook Autotrade.   Trading costs are higher than average on three of GKFX Prime’s accounts, but there are no minimum deposit requirements. However, trading costs on its commission-free VIP Variable Account are extremely competitive, at 0.6 pips on the EUR/USD in exchange for a minimum deposit of 5,000 USD, which may appeal to more experienced traders.  While GKFX Prime’s educational and market analysis materials are not as comprehensive or in-depth as some of the larger international brokers, it will still be useful for both beginners and more experienced traders.

Exness is a Russian CFD broker with over 200,000 clients worldwide, offering trading on 100+ Forex pairs, a small range of cryptocurrencies, 70+ stock CFDs, indices, and commodities. Exness has nine account types on the MT4 and MT5 platforms - many more than most brokers. These range from a Standard Cent Account with no minimum deposit to a selection of Pro Accounts with tight spreads, market execution, and minimum deposits starting at 500 USD.  Deposits and withdrawals are free of charge, and customer service operates 24/7. While Exness’ trading costs are generally below the industry average, its education and market analysis are poor compared to other major brokers.

CityIndex does not accept clients from Philippines. Please visit Forex.com instead. Founded in 1983, CityIndex is one of several brokers that pre-dates the internet and the subsequent online trading boom. Owned by NASDAQ-listed StoneX, CityIndex is a good broker for traders looking for simple account options and a large range of financial instruments on the MT4 trading platform. A well-regulated broker, CityIndex offers one live commission-free account with no minimum deposit requirement and spreads that start at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD, which is much tighter than similar brokers. CityIndex offers a choice between MT4 and its own proprietary web trader platform – an advanced automated trading platform with deep customisation and back-testing. CityIndex's financial instrument offering is impressive, with over 4700 assets available for trading, including 84 Forex pairs, 4500 stock CFDs, indices, commodities, bonds, metals, and interest rates. City Index’s education section is useful for beginners who want to get up to speed quickly, and its market analysis provides excellent trade ideas. Overall, a good all-round broker that competes well with other traditional brokers of its size and type.

For experienced traders who value a broad range of tradable assets and an extensive suite of trading tools, Amana Capital is a tempting option, though trading costs are higher than other brokers on its entry-level account.     Amana Capital’s entry-level commission-free account has relatively wide spreads, but it also offers two high deposit (>25,000 USD) account options- Amana Active and Amana Elite - with tight spreads (0.1 pips on the EUR/USD) and a small commission per lot traded.  Experienced traders may also be attracted by the number of tradable assets on offer, including over 332 share CFDs and 66 Forex pairs alongside indices, commodities, metals, energies, and cryptocurrencies.      Amana Capital supports both the MT4 and MT5 trading platforms, and traders have access to some of the best trading tools in the industry, including Autochartist, Trade Captain, Zulutrade, and a VPS hosting service.  All tools are offered free of charge to those with a live account, but the VPS service is exclusively for Amana Active clients.  Beginners will find Amana Capital’s education section comprehensive and detailed, but it offers virtually no market analysis. Other disadvantages are a largely unresponsive customer support service, and substantial fees for deposits and withdrawals.