Top 10 Best Online Forex Brokers for Indices Trading in 2018

Top 10 Best Online Forex Brokers for Indices Trading in 2018CFDs in indices are very popular among traders. There is a wide range of indices from the world over for traders to choose from. They include the Australian S&P 200, UK’s FTSE 100, US E-mini S&P 500, and US DJIA. Stock indices provide a good indication of the performance of markets. A change in a constituent stock’s performance is reflected by a change in the value of the specific index. Indices provide a wider indication of a set of stocks instead of individual ones. Having said that here is a list of best forex brokers for indices trading in 2018:

Trusted Forex Brokers That Offer indices Trading

Broker Info Bonus Open Account
HYCM Forex broker Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14)
10% Welcome Bonus up to $5,000 Visit Broker
OCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“$30 Non-Deposit bonus, 50% +20% deposit bonus up to $5,000, Loyalty Program Bonus Visit Broker
iq option best binary options brokers Min Deposit: $10
Spread:
Leverage:
Regulation: CySEC
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No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
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ThinkMarkets Forex Broker regulated by ASIC and FCA UK Min Deposit: $250
Spread: as low as 0.1 pips
Leverage: up to 400:1
Regulation: ASIC Australia and FCA UK
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etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, FCA, CySec
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plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
Visit Broker

#1: XM.com

Founded: 2009
Number of Clients: 1,000,000
Trust Score: 99
Broker Type: Market Maker
Regulation: FCA UK, CySEC, ASIC, IFSC
Spread for indices: starting from 0.6 points
Minimum Deposit: $5
Platforms offered: WebTrader, MT4, Mobile Apps
Account Types: Micro, Standard, XM Zero
Spread Type: Variable
Funding Methods: Credit/Debit Cards (Visa, Master, Maestro), Neteller, WebMoney, Skrill, FasaPay, Perfect Money, Bank Transfer, Bank Wire Transfer
Customer Support: Phone, Email

#2: ThinkMarkets

Founded: 2010
Number of Clients: 550,000
Trust Score: 78
Broker Type: ECN
Regulation: ASIC, FCA UK
Spread for indices: Starting from 0.1 points
Minimum Deposit: $250
Platforms offered: Trade Interceptor, MetaTrader 4, Mobile Apps
Account Types: Standard, Pro, Islamic Accounts
Spread Type: Variable
Funding Methods: Bank Wire Transfer, Credit/Debit Cards (Visa and Master), Neteller, Skrill, BitPay
Customer Support: Live Chat, Email, Phone

#3: eToro

Founded: 2006
Trust Score: 82
Number of Clients: 6,000,000
Broker Type: Market Maker
Regulation: CySEC, FCA UK
Spread for indices: 100 points
Minimum Deposit: $1000
Platforms offered: WebTrader, Mobile Apps
Account Types: Standard
Spread Type: Fixed
Funding Methods: Bank Transfer, Credit Cards, PayPal
Customer Support: Live Chat, Phone, Email

#4: Plus500

Founded: 2008
Number of Clients: 155,000
Trust Score: 79
Broker Type: Market Maker
Regulation: CySEC, ASIC, FCA UK
Spread for indices: 0.02 percent
Minimum Deposit: $100
Platforms offered: WebTrader, Mobile Apps
Account Types: Micro, Standard
Spread Type: Variable
Funding Methods: Debit/Credit cards (Visa and Master), PayPal, Skrill, Bank transfer
Customer Support: Live Chat, Email

#5: AvaTrade

Founded: 2006
Number of Clients: 200,000
Trust Score: 81
Broker Type: Market Maker
Regulation: Central Bank of Ireland; Financial Futures Association, Japan; FSB, South Africa; ASIC, Australia; and ISA, Israel
Spread for indices: 1.0 point
Minimum Deposit: $250
Platforms offered: MetaTrader 4, WebTrader, Mobile Apps
Account Types: Micro, Standard, VIP
Spread Type: Fixed and Variable
Funding Methods: – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Customer Support: Live Chat, Phone, Email

#6: Pepperstone

Founded: 2010
Trust Score: 82
Broker Type: No Dealing Desk
Regulation: ASIC, FCA UK
Spread for indices: Starting from 0.3 points
Minimum Deposit: $200
Platforms offered: MT4, MT5, WebTrader, cTrader
Account Types: Standard, Razor, Swap Free, Active Traders
Spread Type: Fixed and Variable
Funding Methods: Credit/Debit Cards (Visa, Master), PayPal, POLI, China Union Pay, BPay, Skrill, Neteller, Qiwi Wallet, FasaPay, B2B
Customer Support: Live Chat, Phone, Email

#7: InstaForex

Founded: 2007
Number of Clients: more than 7,000,000
Trust Score: 80
Broker Type: No Dealing Desk
Regulation: CySEC, British Virgin Islands
Spread for indices: No Spread
Minimum Deposit: $1
Platforms offered: MetaTrader 4 and 5, IFX Options Terminal, Multiterminal, Mobile Apps
Account Types: Mini, VIP, Swap Free, Institutional, and Managed Accounts
Spread Type: Fixed
Funding Methods: RBKMoney, Qiwi, Skrill, Neteller, Yandex.Money, Visa/Master cards, Z-Payment, bank transfers, cash in broker’s offices
Customer Support: Phone, Email, Chat

#8: FXOpen UK

Founded: 2003, brokerage services started in 2005
Trust Score: 76
Broker Type: ECN/STP
Regulation: FCA, UK, ASIC
Minimum Deposit: $300
Platforms offered: MT4 Desktop, WebTrader, MT4 Mobile
Account Types: ECN, STP, Crypto
Spread Type: Variable
Funding Methods: Bank Wire Transfer, Credit/Debit Cards (Visa, Master), China Union Pay, WebMoney, Neteller, Skrill, Payza
Customer Support: Live chat, Email, Phone

#9: OctaFX

Founded: 2011
Broker Type: ECN
Regulation: FCA UK, FSA
Spread for indices: Starting from 0.9 points
Minimum Deposit: $50
Platforms offered: MT4, MT5, cTrader
Account Types: Micro, Pro, ECN
Spread Type: Variable
Funding Methods: Bank Transfer, Neteller, Skrill
Customer Support: Live Chat, Email, Phone

#10: Tickmill

Founded: 2015
Trust Score: 72
Broker Type: Market Maker/ECN
Regulation: FCA UK
Spread for indices: 0.01 points
Minimum Deposit: $25
Platforms offered: MT4, MT5, Mobile Apps
Account Types: Classic, PRO, VIP
Spread Type: Variable
Funding Methods: Barclays, Visa, and Master Debit/Credit Cards; PayPal; Skrill; Neteller; Fasapay
Customer Support: Phone, Live Chat, E-mail

Stock Market Index – What Is It

A country’s stock market index provides a measurement of the performance of an established stock market segment. It is often considered as the benchmark for gauging the performance of other financial markets. Investors use it as a gauge and build their portfolios.

For example, the UK’s FTSE 100 index consists of the 100 biggest firms on the London Stock Exchange. It provides an indication of the performance of the UK markets. Similarly, the DAX30 index which constitutes top 30 companies that have been listed on the Frankfurt Exchange provides indications about the performance of Germany’s markets.

The combined prices or capitalization of the constituent stocks determine the value of an index. It could be a price-weighted or market weighted average.

Most Commonly Traded Stock Indices

Dow Jones Industrial Average

Referred to commonly as “the Dow”, it consists of the stocks of 30 top companies, in terms of influence and size, in the US. It is price weighted and represents approximately 25 percent of the stock market’s value.

Standard and Poor’s 500

Five hundred of the most-traded US stocks are part of the S&P 500 index. It represents approximately 80 percent of the stock market. S&P 500 is a market-weighted index.

Wilshire 5000

This index is constituted by including the stocks of almost all of the publicly-traded companies with headquarters in the US.

Nasdaq Composite Index

This specialized, market-weighted index comprises all the technology stocks in the exchange.

Advantages/Disadvantages of Trading Indices CFDs

The first and foremost thing is that it allows margin trading and traders can benefit by using leverage. This enables traders to purchase more contracts with smaller amounts of money. Traders can make profit irrespective of the direction of the market. Though leverage is a good thing, it should be used with extreme caution.

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