{
    "generator": "HisFx Advisor",
    "generated_at": "2026-10-22T21:43:16+00:00",
    "count": 8,
    "disclaimer": "Data is compiled for informational purposes and verified on the date shown for each record. Broker terms change without notice; confirm directly with the broker before trading.",
    "brokers": [
        {
            "name": "TMGM",
            "url": "https://hisfx.com/brokers/tmgm/",
            "official_website": "https://www.tmgm.com",
            "legal_entity": "Trademax Global Markets (Pty) Ltd",
            "founded": "2009",
            "headquarters": "Melbourne, Australia",
            "regulators": [
                "ASIC",
                "VFSC"
            ],
            "license_numbers": "ASIC 463368, VFSC 409872",
            "client_fund_protection": "Segregated at tier-1 banks",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "$3.50 per side per lot (EDGE ECN)",
            "minimum_deposit_usd": "200",
            "max_leverage": "1:500",
            "execution_model": "ECN",
            "platforms": [
                "MT4",
                "MT5",
                "HUBx"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 15 ms",
            "overall_score": "9.53",
            "strengths": [
                "XAUUSD spread from 0.0 pips on the EDGE ECN account",
                "Full MT4 / MT5 plus HUBx copy trading",
                "Deep aggregated liquidity with zero requotes"
            ],
            "considerations": [
                "Commission-based pricing requires volume to be cost-effective",
                "Australian client rules reduce maximum leverage on retail accounts"
            ],
            "best_suited_for": "XAUUSD scalpers and multi-account EA operators needing copy trading",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:51:50+00:00",
            "regions": [
                "Australia / Oceania",
                "Vanuatu"
            ],
            "execution_models": [
                "ECN"
            ]
        },
        {
            "name": "RKX Global",
            "url": "https://hisfx.com/brokers/rkx-global/",
            "official_website": "https://rkxglobal.com",
            "legal_entity": "RKX Global Markets Limited",
            "founded": "2010",
            "headquarters": "Hong Kong SAR",
            "regulators": [
                "FCA",
                "CySEC"
            ],
            "license_numbers": "FCA reference on register, CySEC licence pending disclosure",
            "client_fund_protection": "Segregated, tier-1 institution",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "Commission tiers available by volume",
            "minimum_deposit_usd": "500",
            "max_leverage": "1:500",
            "execution_model": "Institutional ECN",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 20 ms",
            "overall_score": "9.41",
            "strengths": [
                "Direct senior account manager guidance",
                "Customised leverage and commission structures",
                "EA-friendly low-latency architecture"
            ],
            "considerations": [
                "Higher minimum deposit than retail-tier competitors",
                "Custom conditions require manager negotiation rather than self-service"
            ],
            "best_suited_for": "Fund managers and high-volume EA operators needing bespoke terms",
            "relationship_with_hisfx": "Institutional Partner",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:51:52+00:00",
            "regions": [
                "Asia Pacific",
                "Europe / UK"
            ],
            "execution_models": [
                "ECN",
                "Institutional ECN"
            ]
        },
        {
            "name": "Exness",
            "url": "https://hisfx.com/brokers/exness/",
            "official_website": "https://www.exness.com",
            "legal_entity": "Exness (V) Ltd and affiliated entities",
            "founded": "2008",
            "headquarters": "Limassol, Cyprus",
            "regulators": [
                "CySEC",
                "FCA",
                "FSA",
                "ASIC",
                "SCB"
            ],
            "license_numbers": "CySEC 192678, FCA 836971",
            "client_fund_protection": "Segregated; investor compensation scheme where applicable",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "Zero commission on Standard accounts",
            "minimum_deposit_usd": "10",
            "max_leverage": "Unlimited (conditions apply)",
            "execution_model": "Instant execution",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Multiple regions, 20+ server locations",
            "average_execution_ping": "< 20 ms",
            "overall_score": "9.25",
            "strengths": [
                "24/7 automated instant withdrawals",
                "Zero overnight swap options available",
                "Extremely tight spreads on gold and majors"
            ],
            "considerations": [
                "Unlimited leverage is restricted for certain jurisdictions and account types",
                "Synthetic pricing on some instruments under the Standard model"
            ],
            "best_suited_for": "Scalpers and traders prioritising fast withdrawal and low minimum deposit",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:51:58+00:00",
            "regions": [
                "Cyprus",
                "Europe / UK",
                "Global"
            ],
            "execution_models": [
                "ECN",
                "Market Maker"
            ]
        },
        {
            "name": "IC Markets",
            "url": "https://hisfx.com/brokers/ic-markets/",
            "official_website": "https://www.icmarkets.com",
            "legal_entity": "IC Markets LLC and IC Markets (EU) Ltd",
            "founded": "2007",
            "headquarters": "Sydney, Australia",
            "regulators": [
                "ASIC",
                "CySEC",
                "FSA (Seychelles)"
            ],
            "license_numbers": "ASIC 363209, CySEC 270395",
            "client_fund_protection": "Segregated, tier-1 banks",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "$3.00 per side per lot (Raw Spread)",
            "minimum_deposit_usd": "100",
            "max_leverage": "1:500",
            "execution_model": "True ECN",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 10 ms",
            "overall_score": "9.18",
            "strengths": [
                "Execution under 10 ms on Raw Spread",
                "Aggregated liquidity from 25+ providers",
                "Micro-lot sizing available from 0.01 lots"
            ],
            "considerations": [
                "Commission structure penalises very low-volume accounts",
                "Raw pricing suits experienced traders, not casual entrants"
            ],
            "best_suited_for": "Scalpers, EA developers and traders requiring true raw-spread pricing",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:52:05+00:00",
            "regions": [
                "Australia / Oceania",
                "Europe / UK",
                "Seychelles"
            ],
            "execution_models": [
                "ECN"
            ]
        },
        {
            "name": "Pepperstone",
            "url": "https://hisfx.com/brokers/pepperstone/",
            "official_website": "https://pepperstone.com",
            "legal_entity": "Pepperstone Markets Limited",
            "founded": "2010",
            "headquarters": "Perth, Australia",
            "regulators": [
                "ASIC",
                "FCA",
                "CySEC",
                "FSE NZ",
                "MAS"
            ],
            "license_numbers": "ASIC 619834, FCA 805268",
            "client_fund_protection": "Segregated, first-class banks",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.6",
            "commission": "$3.60 per side per lot (Razor)",
            "minimum_deposit_usd": "100",
            "max_leverage": "1:500",
            "execution_model": "ECN / STP",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader",
                "TradingView"
            ],
            "server_network": "Equinix NY4, LD4, TY3",
            "average_execution_ping": "< 15 ms",
            "overall_score": "9.10",
            "strengths": [
                "Copy Trading (Social Trading) built into the platform",
                "TradingView native integration",
                "Strong regulatory coverage across four major authorities"
            ],
            "considerations": [
                "Spreads widen on the Razor account once volume thresholds change",
                "Institutional tiers require negotiated approval"
            ],
            "best_suited_for": "Copy traders and multi-regulated traders seeking copy and TradingView support",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:52:35+00:00",
            "regions": [
                "Australia / Oceania",
                "Europe / UK",
                "Global"
            ],
            "execution_models": [
                "ECN",
                "Institutional ECN"
            ]
        },
        {
            "name": "Tickmill",
            "url": "https://hisfx.com/brokers/tickmill/",
            "official_website": "https://www.tickmill.com",
            "legal_entity": "Tickmill Markets Limited",
            "founded": "2011",
            "headquarters": "Nicosia, Cyprus",
            "regulators": [
                "CySEC",
                "FCA",
                "FSA"
            ],
            "license_numbers": "CySEC 191057, FCA 798165",
            "client_fund_protection": "Segregated, tier-1 banks",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "$3.00 per side per lot (Raw)",
            "minimum_deposit_usd": "100",
            "max_leverage": "1:1000",
            "execution_model": "ECN / STP",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 15 ms",
            "overall_score": "9.05",
            "strengths": [
                "Highest leverage offered among tier-1 regulated peers",
                "Zero commission on the Classic account",
                "Rebate programme for high-volume traders"
            ],
            "considerations": [
                "Very high leverage carries extreme liquidation risk",
                "Premium support packages are paid add-ons"
            ],
            "best_suited_for": "Traders requiring high leverage with tier-1 regulation",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:53:24+00:00",
            "regions": [
                "Cyprus",
                "Europe / UK"
            ],
            "execution_models": [
                "ECN",
                "Market Maker"
            ]
        },
        {
            "name": "FP Markets",
            "url": "https://hisfx.com/brokers/fp-markets/",
            "official_website": "https://www.fpmarkets.com",
            "legal_entity": "First Point Financial Ltd",
            "founded": "2004",
            "headquarters": "Melbourne, Australia",
            "regulators": [
                "ASIC",
                "CySEC",
                "VFSC"
            ],
            "license_numbers": "ASIC 281174, CySEC 191394",
            "client_fund_protection": "Segregated, tier-1 banks",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "$3.00 per side per lot (Raw)",
            "minimum_deposit_usd": "100",
            "max_leverage": "1:500",
            "execution_model": "ECN / STP",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 15 ms",
            "overall_score": "9.00",
            "strengths": [
                "Long operating history under ASIC regulation",
                "Raw pricing with zero markup on instruments",
                "Low minimum deposit across account types"
            ],
            "considerations": [
                "Fewer platform integrations than newer competitors",
                "Copy trading is not natively built in"
            ],
            "best_suited_for": "Traders prioritising a long ASIC-regulated track record at low cost",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:53:29+00:00",
            "regions": [
                "Australia / Oceania",
                "Europe / UK",
                "Vanuatu"
            ],
            "execution_models": [
                "ECN"
            ]
        },
        {
            "name": "HFM",
            "url": "https://hisfx.com/brokers/hfm/",
            "official_website": "https://www.hfm.com",
            "legal_entity": "Hellenic Financial Markets (UK) Ltd",
            "founded": "2011",
            "headquarters": "London, United Kingdom",
            "regulators": [
                "FCA",
                "CySEC",
                "ASIC",
                "FSMA"
            ],
            "license_numbers": "FCA 801907, CySEC 186909",
            "client_fund_protection": "Segregated; client money protection per regulation",
            "xauusd_spread_from": "0.0",
            "eurusd_spread_from": "0.0",
            "commission": "$3.00 per side per lot (Zero)",
            "minimum_deposit_usd": "50",
            "max_leverage": "1:500",
            "execution_model": "ECN / STP",
            "platforms": [
                "MT4",
                "MT5",
                "cTrader"
            ],
            "server_network": "Equinix NY4, LD4",
            "average_execution_ping": "< 20 ms",
            "overall_score": "8.95",
            "strengths": [
                "Copy trading available on all account types",
                "Competitive rebate programme",
                "Very low minimum deposit for a tier-1 regulated broker"
            ],
            "considerations": [
                "Volume rebates are the primary cost advantage and require sustained volume",
                "Spread widens noticeably on the Micro account"
            ],
            "best_suited_for": "Traders seeking regulation with a low entry deposit and rebate optimisation",
            "relationship_with_hisfx": "Introducer / IB",
            "data_verified_on": "2026-10-22",
            "last_updated": "2026-10-22T17:53:25+00:00",
            "regions": [
                "Cyprus",
                "Europe / UK",
                "Global"
            ],
            "execution_models": [
                "ECN",
                "Market Maker"
            ]
        }
    ]
}