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Best HFT Brokers of 2024

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 27, 2024

High-frequency traders use algorithms and exceptionally powerful computers to take advantage of microscopic market movements and price disparities, by trading in higher volumes and at tremendous speeds.

That said, all automated trading programs are different. If you want to run an HFT program for stocks, CFDs, or forex trading, you have to have a deep understanding of how they work (and of their inherent limitations).

Here at BrokerNotes, we conducted extensive research so that we could create this guide to help newcomers understand HFT, and to clarify the various strategies that traders employ in their quest for high-frequency success.

We’ll explain what HFT is, how it works, and detail the benefits (and drawbacks) that come with using this technologically-advanced approach to trading. We’ll also help you pick the best broker for running your high-frequency trading strategy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best brokers for high-frequency trading

All strategies involve risk, including high-frequency trading, so no matter what kind of trading strategy you decide to adopt, it’s always best to use a regulated broker. Trading through a regulated broker also grants a trader access to the broker’s data about how high-frequency trading may be affecting markets.

It’s best to start by looking for brokers that are regulated in your country, and then research any available consumer compensation funds provided as protection against bankruptcy. Over at our sister site ForexBrokers.com you can check out how our proprietary Trust Algorithm determines a broker’s trustworthiness.

All that being said, here are our picks for the best brokers if you are looking to do some high-frequency trading:

  • IG
    - 9.9/10 Overall
  • Interactive Brokers - 9.9/10 Overall
  • Saxo Bank - 9.7/10 Overall
  • CMC Markets - 9.6/10 Overall
  • FOREX.com
    - 9.4/10 Overall
  • TD Ameritrade - 9.3/10 Overall
  • City Index - 9.3/10 Overall
  • XTB - 9.1/10 Overall
  • eToro - 8.8/10 Overall
IG
9.9/10 Overall
Minimum Deposit£250.00
Tier-1 Licenses8
Tradeable Symbols (Total)19537

Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. Fans of copy trading will appreciate IG’s seamless integration of trading signals into its web platform.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Visit Site

Join 239,000+ traders worldwide.

(Trading forex carries a high level of risk.)

Interactive Brokers
9.9/10 Overall
Minimum Deposit$0
Tier-1 Licenses9
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Saxo Bank
9.7/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)70000

Saxo Bank is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo Bank delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
CMC Markets
9.6/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)12074

CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
FOREX.com
9.4/10 Overall
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Visit Site

A Global Market Leader!

(Trading forex carries a high level of risk.)

TD Ameritrade
9.3/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)0

TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research and trading tools.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
City Index
9.3/10 Overall
Minimum Deposit£100.00
Tier-1 Licenses7
Tradeable Symbols (Total)13500

City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average).

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
XTB
9.1/10 Overall
Minimum Deposit$0
Tier-1 Licenses2
Tradeable Symbols (Total)6010

XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
eToro
8.8/10 Overall
Minimum Deposit$10-$10,000
Tier-1 Licenses3
Tradeable Symbols (Total)3479

Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks).

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)No
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No

What is high-frequency trading?

High-frequency trading (HFT) refers to the use of technology to automatically execute high volumes of transactions within narrow time frames. In order to achieve the high speeds that are needed for this type of trading, traders need access to sufficient computing power, high-frequency trading software, and complex algorithms that enable the opening and closing of positions within microseconds.

The best traders use dedicated microwave towers to transmit and analyze order information, where microseconds can make the difference in having a headstart over the public. HFT systems are often co-located or in close proximity to the broker's data centers where their servers are located, in order to minimize any potential latency or delay between the time their orders are submitted and when they are executed or canceled.

HFT systems are also notorious for canceling and replacing orders at a high rate of speed, and other practices that can otherwise disturb or spoof normal markets. One such example would be the practice of front running, in which an HFT system attempts to sprint ahead of a large order of assets or shares on an exchange. If the HFT system is able to move fast enough, it can turn around and sell (or buy) the assets to the client it was racing against.

Over the last 20 years, many rules and regulations have been put in place to help uphold market integrity, protect market participants, and prevent practices like front-running. HFT does provide some benefits to the markets, such as added liquidity, and retail traders themselves are not running their own HFT systems.

Speed versus cost: Some HFT strategies are not as time-sensitive, and might be more dependent on low trading costs (such as lower effective spreads) in order to be effective.

Other simpler strategies instead rely mostly upon technical analysis. For example, when certain pre-determined conditions are met, an order might be triggered to open a new trade or to close an existing one. Not all HFT strategies place large numbers of orders each day (or even every week). Rather than speed, the crucial factor is the logic being used to specify the conditions that must be met to trigger an order.

Pros & Cons of high-frequency trading:

Pros:

  • Be first out of the gate. High-frequency traders are often able to take first-mover advantage in high-impact news situations, such as GDP and inflation data releases, nonfarm payrolls, and monetary policy announcements.
  • Technology is unemotional. This rapid large-scale trading is carried out by computers, so HFT strategies are not subject to the pitfalls and mistakes that can be caused by the influence of human emotions.
  • Market efficiency. In a big-picture sense, HFT can help markets become more efficient by increasing available liquidity, and by reducing spreads as arbitrage opportunities are removed.

Cons:

  • It’s not easy. When used by retail and professional clients, HFT strategies require a high degree of technical skill, experience, and attention, including during the setup, monitoring, and overall management phases.
  • Computer intelligence only goes so far... While it may seem like a no-brainer to remove the human component from trading, computers aren’t perfect either. They may not always react appropriately to volatile market conditions or make distinctions between genuine and false news events.
  • …and a technological “ceiling” isn’t all that far off. Looking into the future, there is almost certainly a limit to how much more these high-powered computing systems can advance. Simultaneously, market technology is accelerating, allowing for price disparities to be identified and rectified before high-frequency traders can exploit them.

Can you make money with high-frequency trading?

Yes, but your overall profitability when trading – regardless of your trading strategy – is dependent on a variety of factors, such as the size and number of trades you are making. Just because an HFT strategy uses fancy Python code or was developed by a Harvard quant doesn’t mean it will be profitable. Likewise, a simple moving average cross-over strategy or a similarly straightforward HFT system shouldn’t be dismissed for its simplicity.

Traders who hope to achieve long-term profitability need to manage their risk/reward ratio, keep their average profits higher than average losses, and maintain a win/loss ratio that results in a net overall profit (though of course, this is easier said than done). The challenge in developing an effective strategy – including for an HFT system – is determining how and when to enter and exit the market, and how to adapt to changes in your outlook or overall market conditions.

Pro tip: The best HFT system developers will back-test their system on out-of-sample data (data that the system is not privy to) – such as historical data – to avoid curve-fitting the system to the results. The results of that backtest will show how the system would have hypothetically performed over that historical time frame.

If the results look promising, they can then be forward-tested using real-time (current) market data and live trading conditions, to see if those results are similar to the hypothetical backtested version. Successful HFT developers will undergo these tests before scaling or fully funding an HFT strategy.

What is arbitrage?

Arbitrage (also known as scalping) describes a trading strategy in which an asset is bought in one market with the intention of turning around and instantly (or, near-simultaneously) selling that same asset in a different market or venue. Traders that engage in arbitrage are attempting to exploit the often-minuscule price discrepancies that may exist between the two markets or venues.

A latency-driven arbitrage strategy can involve prices that lag by a few milliseconds due to a technical glitch or slow server, for example, or simply come as a result of market fragmentation. For the latter, arbitrage doesn’t result from price lag, the rate simply varies across different venues within centralized exchanges (such as forex markets).

Today, as financial markets increase their efficiency and interconnectedness, arbitrage opportunities have become harder to detect, more fleeting, and ultimately rarer. It’s now more difficult for even the best HFT systems to monetize any off-market prices. Market efficiency has also resulted in tightened spreads and commissions. As market makers and proprietary trading firms carry out arbitrage, they increase the available market liquidity for the public while competing against each other to capture the spread.

It’s also important to note that some venues prohibit latency-only strategies because of their potential for causing conflicts of interest. For example, a market maker could be incentivized to “create” an arbitrage event by front-running their own customer in order to make a profit at the client’s expense. Therefore, if you are attempting to capture some form of arbitrage, it is important to find out whether your broker has any anti-latency arbitrage mechanisms in place, or if it permits scalping.

Inter-market arbitrage: Arbitrage can also exist across instrument types for an underlying asset, such as between the forex cash (spot) market and forex futures markets, or between a forex derivative and underlying forex-related security, known as intra-market arbitrage.

Stat arb: With statistical arbitrage (or, stat arb), traders track the correlation of multiple assets and attempt arbitrage when there is a deviation from the normal course of price action and traders have an expectation that it will return to a normal baseline. In such cases, arbitrage can involve more than two markets, such as with triangular arbitrage, or the use of three orders that are sent as a single multi-legged order.

Is high-frequency forex trading legal?

High-frequency trading is legal, but that doesn’t necessarily mean that it will be permitted by your broker. It’s important to examine your broker’s terms and conditions to determine whether its defined trading conditions will allow for HFT strategies. Some brokers prohibit strategies that are price-driven (such as with scalping) or latency-driven arbitrage strategies.

That being said, there are brokers that may welcome such trading. In these cases, it’s wise to pay attention to the specific trading conditions being offered, such as execution methods and related trading costs. You’ll have to determine whether HFT is a feasible strategy under such conditions.

HFT systems must be prepared to handle any and all potential market conditions and brokerage account scenarios with established methods in place to resolve such events, in order to avoid stalling or causing errors that could lead to significant losses.

For example, if a broker re-quotes an order due to a price change that occurred before the order was placed, an HFT strategy may not be able to act on that re-quoted price unless it is supported in the broker's API or related trading platform, such as MetaTrader.

On the other hand, if the broker offers you a “market” execution method, it means that orders are never rejected, but can be subject to a worse price fill. In this case, an HFT strategy must be able to set a deviation parameter to minimize the potential for excessive slippage. Without that parameter, it would be difficult to manage the risk on a position if slippage cannot be minimized during fast market conditions – especially if your HFT strategy is carrying out a high number of trades.

Is high-frequency trading profitable?

Whether an HFT strategy will be profitable for you (or not) will depend on a variety of factors, such as your individual system configurations (and whether you’ve chosen the right HFT). On a high level, it’s always important to remember that the majority of retail forex traders lose money, so the odds are against you from the start. Short-term trading in the stock market can also be less profitable than longer-term investing.

That all being said, if you are looking to pursue a HFT strategy, there are a few factors to consider if you want to maximize your chances at profitability:

Choosing the right HFT system: The market is saturated with HFT systems, including for retail traders. There are thousands of HFT programs available from third-party developers (such as on the MetaTrader MQL5 community) available for lease via subscription or for indefinite use. However, the efficacy of these programs will depend on a number of factors, such as the quality of their historical data and the actual live trading results.

HFT system configuration: Even the best HFT systems require some initial configuration when you initialize them, such as choosing the values for adjustable parameters and selecting which markets to trade.

A single HFT system could potentially be configured in hundreds or even thousands of ways. There may be dozens of variables, each with multiple values that can be calibrated differently each time it’s used. It’s important to note that the parameters are sometimes over-optimized, or even configured on historical data to maximize “results” so that the system developer can promote the strategy. That system, however, may perform differently in real market conditions.

Pro tip: The key to making money with HFT is to use a system that is properly configured and tested with real results for a sufficient period of time, before scaling your portfolio allocations towards such a strategy. It’s also crucial to figure out how to adjust the system parameters to adapt to changing market conditions, for risk management purposes.

Which broker is best for HFT trading?

The best broker for high-frequency trading in 2024 is IC Markets. IC Markets has everything that a trader running an HFT strategy might need, offering a liberal execution policy (including during fast markets), numerous account types, and a variety of execution methods., All of these features, along with its deep liquidity, has us ranking IC Markets at the top for HFT traders.

If you are running an automated trading system that trades at lower frequencies, for example, or an ultra-fast HFT setup, IC Markets’ support for the complete MetaTrader suite (MT4 and MT5) has you covered. Also available with IC Markets is the cTrader platform suite, which supports FIX API trading connectivity.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
IG logoIG 9.9 £250.00 0.98 info 99 19537 IG Review Visit Site
Interactive Brokers logoInteractive Brokers 9.9 $0 0.63 info 99 8500 Interactive Brokers Review
Saxo Bank logoSaxo Bank 9.7 $0 1.1 info 99 70000 Saxo Bank Review
CMC Markets logoCMC Markets 9.6 $0 0.61 info 99 12074 CMC Markets Review
FOREX.com logoFOREX.com 9.4 $100 1.4 info 99 5500 FOREX.com Review Visit Site
TD Ameritrade logoTD Ameritrade 9.3 $0 1.25 info 99 0 TD Ameritrade Review
City Index logoCity Index 9.3 £100.00 1.4 info 99 13500 City Index Review
XTB logoXTB 9.1 $0 1.07 info 96 6010 XTB Group Review
eToro logoeToro 8.8 $10-$10,000 1 info 90 3479 eToro Review
Swissquote logoSwissquote 8.8 $1000 N/A info 99 472 Swissquote Review
Capital.com logoCapital.com 8.7 $20 info 0.67 info 87 3021 Capital.com Review
AvaTrade logoAvaTrade 8.7 $100 0.92 info 94 1260 AvaTrade Review
Plus500 logoPlus500 8.6 €100 0.8 (August 2021) info 99 5500 info Plus500 Review
OANDA logoOANDA 8.5 $0 1.57 info 93 1744 info OANDA Review
FXCM logoFXCM 8.5 Starts from $50 0.74 info 95 440 FXCM Review
Admirals logoAdmirals 8.5 $100 0.8 info 93 8702 Admiral Markets Review
Pepperstone logoPepperstone 8.4 $200 0.77 info 95 2342 Pepperstone Review
XM Group logoXM Group 8.4 $5 1.6 info 88 1429 XM Group Review
FP Markets logoFP Markets 8.3 $100 AUD 1.1 info 87 10000 FP Markets Review
FxPro logoFxPro 8.1 $100 1.51 info 90 2249 FxPro Review
IC Markets logoIC Markets 8.1 $200 0.62 info 84 3583 IC Markets Review
Markets.com logoMarkets.com 8.1 $100 1.9 info 96 2179 Markets.com Review
Tickmill logoTickmill 8.1 $100 0.51 info 83 725 Tickmill Review
Fineco Bank logoFineco Bank 8.0 $0 N/A info 94 9770 Fineco Bank Review
BlackBull Markets logoBlackBull Markets 8.0 $0 0.827 info 77 26000 BlackBull Markets Review
Vantage logoVantage 8.0 $50 1.30 info 90 1000 Vantage Review
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets) 7.9 $20 0.6 info 88 1199 HYCM Review
HFM logoHFM 7.9 $0 1.2 info 86 3500 HFM Review
ThinkMarkets logoThinkMarkets 7.8 $0 info 1.1 info 92 4000 ThinkMarkets Review
FlowBank logoFlowBank 7.7 $0 N/A info 80 408600 FlowBank Review
DooPrime logoDooPrime 7.8 $100 N/A info 83 10000 DooPrime Review
Trading 212 logoTrading 212 7.7 €10 1.9 info 79 8025 Trading 212 Review
BDSwiss logoBDSwiss 7.7 $10-$5000 info 1.6 info 76 1081 BDSwiss Review
Trade Nation logoTrade Nation 7.6 $0 0.6 85 601 Trade Nation Review
TMGM logoTMGM 7.6 $100 N/A info 83 12000 TMGM Review
Moneta Markets logoMoneta Markets 7.5 $50 1.27 info 72 1016 Moneta Markets Review
Eightcap logoEightcap 7.5 $100 1.0 info 85 736 Eightcap Review
MultiBank logoMultiBank 7.5 $50 N/A 84 1042
ACY Securities logoACY Securities 7.4 $50 1.2 info 75 2200 ACY Securities Review
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.3 $100 1.4 info 71 12000 Roboforex (RoboMarkets) Review
VT Markets logoVT Markets 7.3 $100 1.2 info 70 1000 VT Markets Review
easyMarkets logoeasyMarkets 7.3 $50 0.9 info 80 199 easyMarkets Review
IronFX logoIronFX 7.2 $50 1.2 83 340 IronFX Review
Spreadex logoSpreadex 7.2 $0 0.81 info 71 10000 Spreadex Review
IFC Markets logoIFC Markets 7.2 $1 1.44 info 67 630 ATFX Review
Trade360 logoTrade360 7.2 $250 N/A info 76 1062 Trade360 Review
Octa logoOcta 7.2 $25 0.9 info 70 230 OctaFX Review
Axi logoAxi 7.1 $0 N/A info 81 175 Axitrader Review
TeleTrade logoTeleTrade 7.1 $100 N/A 71 500 Teletrade Review
GKFX logoGKFX 7.0 $0 N/A info 65 354 GKFX Review
Exness logoExness 7.0 $1 0.9 info 71 112 Exness Review
Vestle logoVestle 7.0 -1 N/A 78 750 Vestle Review
FXOpen logoFXOpen 7 $100 N/A info 80 87 FXOpen Review
FXPrimus logoFXPrimus 7.0 $100 N/A info 71 140 FXPrimus Review Visit Site
Forex4you logoForex4you 6.9 $0 N/A info 61 150 Forex4you Review
GBE brokers logoGBE brokers 6.8 $500 N/A info 71 500 GBE Brokers Review
Alpari logoAlpari 6.8 $20 N/A info 68 105 Alpari Review
TopFX logoTopFX 6.7 Depends on payment method N/A info 67 655 TopFX Review
Libertex (Forex Club) logoLibertex (Forex Club) 6.7 $10 N/A info 73 300 Libertex Review
LegacyFX logoLegacyFX 6.7 $500 N/A 67 425 LegacyFX Review
FXGT.com logoFXGT.com 6.6 $5 N/A 69 117 FXGT Review
ATFX logoATFX 6.5 $500 N/A info 73 150 ATFX Review
Xtrade logoXtrade 6.5 $250 N/A info 80 142 Xtrade Review

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At BrokerNotes.co, our data-driven online broker reviews are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our online trading guides are created with the same rigorous, data-driven approach.

The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s). Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.

Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.

Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.

All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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