#1

IC Markets

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5

74-89 % of retail CFD accounts lose money

#2

DUKASCOPY

  • Regulations: FINMA, ARIF, SCF
  • Minimum deposit: $100
  • Platforms: jForex, MT4
  • InvestinGoal rank: 4.3/5

83% of retail CFD accounts lose money

#3

XTB

  • Regulations: FCA, IFSC, KNF, CNMV
  • Minimum deposit: $250
  • Platforms: MT4, xStation5
  • InvestinGoal rank: 4.3/5

79% of retail CFD accounts lose money

#4

XM

  • Regulations: ASIC, CySEC, FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 4/5

69.75% of retail CFD accounts lose money

#5

FXCM

  • Reg: ASIC, FCA, AMF, IIROC
  • Minimum deposit: $50
  • Platforms: MT4, NinjaTrader, WebTrader
  • IG rank: 3.0/5

76.88% of retail CFD accounts lose money

Top 10 Best Forex Brokers for Carry Trade for 2019

by | Apr 18, 2019

Are you looking for the best forex broker to carry trade because you’re looking to take advantage of different interest rates in the forex market?

We can help you.

The carry trade is a big deal and when leveraged correctly at the right time can yield great results. But not all brokers allow traders to take advantage of this.

On top of that, you also shouldn’t just sign up to the first broker that allows you to carry trade, you should consider what other benefits they can also give you too, such as high-quality trading tools and exceptional liquidity.

That’s why we made this list.

best forex brokers carry trade

Top 10 of the best forex brokers to carry trade for 2019

Here’s our ranking:

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5


74-89 % of retail CFD accounts lose money

1. IC Markets

IC Markets is an exceptional choice for any trader that wants to carry trade and an exceptional all-rounder. They are very open about carry trade and do not shy away from talking to traders about swap points or forward points. IC Markets is also one of the best ECN brokers around today offering liquidity from several different providers, including dark pools, and claim to execute approximately 500,000 trades a day.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: FINMA, ARIF, SCF
  • Minimum deposit: $100
  • Platforms: jForex, MT4
  • InvestinGoal rank: 4.3/5


83% of retail CFD accounts lose money

2. Dukascopy

Dukascopy is a heavyweight Swiss broker that also doubles up as a bank, which allows traders to take advantage of excellent liquidity and financial experience. Dukascopy offers a range of top-quality benefits to its traders, including the ability to open a bank account with them, which can ease the transfer of funds. Dukascopy was also awarded ‘Best Forex Bank 2018’ by the China Forex Expo.

  • Regulations: Dukascopy Bank SA authorised by FINMA (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN
  • Leverage: 1:200
  • Minimum Deposit: $ 100
  • Platforms: MT4, JForex, JForex Web 3, JForex Trader (iOS, Android)
  • Headquarters: Dukascopy Bank SA is headquartered in Geneva, Switzerland
  • US Customers: No
  • Other instruments: CFDs on commodities, stocks, indices, bonds, cryptocurrency; binary options
Try DUKASCOPY with a demo account

83% of retail CFD accounts lose money

  • Regulations: FCA, IFSC, KNF, CNMV
  • Minimum deposit: $250
  • Platforms: MT4, xStation5
  • InvestinGoal rank: 4.3/5


79% of retail CFD accounts lose money

3. XTB

XTB is another heavyweight broker with a renowned international presence, which also very open about different swap points and forward points for different currency pairs. XTB also offers some of the best trading technology available to date, including their super fast and easy to use XStation 5 platform and was voted best ‘CFD Broker of 2018’ by the Wealth & Finance International Awards.

  • Regulations: XTB International Limited authorised & regulated by the IFSC (IFSC/60/413/TS/17); XTB Limited authorised & regulated by the FCA (522157) and by CySEC (169/12); X-Trade Brokers DM SA authorised & regulated by the KNF; XTB Sucursal authorised & regulated by the CNMV. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250, € 250 or $ 250
  • Platforms: MT4, xStation 5
  • Headquarters: XTB Group is headquartered in Warsaw, Poland
  • US Customers: No
  • Other instruments: CFDs on stock indices, commodities, ETFs, cryptocurrency
Try XTB with a demo account

79% of retail CFD accounts lose money

  • Regulations: ASIC, CySEC, FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 4/5


69.75% of retail CFD accounts lose money

4. XM

With over 1,000 instruments to trade with, XM is a great a choice for any trader, offering plenty of opportunities to carry trade and to build a diverse portfolio. XM are also known to be extraordinarily fast, claiming that ‘99.35% of All Trades are Executed in Less than 1 Second’, an execution speed that is incredibly rare.

  • Regulations: Trading Point of Financial Instruments Pty Limited licensed by ASIC (443670); Trading Point of Financial Instruments UK Limited authorised & regulated by the FCA (705428); Trading Point Of Financial Instruments Ltd regulated by CySEC (120/10). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet), MT5 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet)
  • Headquarters: Trading Point Of Financial Instruments Ltd is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, metals, and energies
Try XM with a demo account

69.75% of retail CFD accounts lose money

  • Regulations: ASIC, FCA, AMF, IIROC
  • Minimum deposit: $50
  • Platforms: MT4, NinjaTrader, WebTrader
  • InvestinGoal rank: 3.0/5

76.88% of retail CFD accounts lose money

5. FXCM

FXCM is a solid forex and CFD broker that can reliably be used to carry trade with ease. They are also an ideal choice for those looking for a broker with an exceptional web trading platform. With FXCM’s ‘battle tested’ Trading Station, traders can take advantage of 10 years of testing and development FXCM also allows traders to use copy trading platform ZuluTrade as well.

  • Regulations: Forex Capital Markets Limited is authorised & regulated by the FCA (217689); FXCM Australia Pty. Licensed by ASIC (309763); FXCM South Africa (PTY) LTD regulated by the FSCA (46534). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $ 50
  • Platforms: MT4, NinjaTrader, WebTrader
  • Headquarters: FXCM Group is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, oil, cryptocurrency
Try FXCM with a demo account

76.88% of retail CFD accounts lose money

  • Regulations: CySEC, FSC, FSB
  • Minimum deposit: $50
  • Platforms: MT4
  • InvestinGoal rank: 3.9/5


72.21% of retail CFD accounts lose money

6. HotForex

HotForex is perhaps the most transparent forex broker when it comes to displaying their different fees allowing you to calculate the fees you will incur, with a fair degree of accuracy, when you carry trade. HotForex is also credited for being highly customer orientated, also being awarded the ‘Best Customer Service Award’ at the 2015 European CEO Awards.

  • Regulations: HF Markets (Europe) Ltd regulated by CySEC (183/12); HF Markets (UK) Ltd authorised & regulated by the FCA (801701); HF Markets (DIFC) Ltd authorised & regulated by the DFSA (F004885); HF Markets SA (PTY) Ltd authorized & regulated by the FSCA (46632); HF Markets (Seychelles) Ltd regulated by the FSA (SD015). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:1000
  • Minimum Deposit: $ 5
  • Platforms: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Web terminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android
  • Headquarters: HF Markets Ltd is headquartered in Cyber City, Mauritius
  • US Customers: No
  • Other instruments: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency
Try HOT FOREX with a demo account

72.21% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

7. Pepperstone

A goliath of CFD trading, Pepperstone is also very open about swap rates. What makes them stand out so much is that they update them regularly publishing them weekly by the financial institutions they work with. Pepperstone is also great for STP or ECN trading and were awarded the ‘Best Forex ECN Broker’ by the UK Forex Awards for 2018.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • IG rank: 4.5/5


79% of retail CFD accounts lose money

8. FxPro

FxPro is another forex broker that is highly transparent regarding its swap rates. Not only do they openly explain how their swap rates work, they even have a free calculator on their website that allows traders to instantly work out the swap rate for a trade, which prevents traders from miscalculating. FxPro were also awarded the ‘Most Trusted Forex Brand’ by Global Brands Magazine in 2017.

  • Regulations: FxPro UK Limited authorised & regulated by the FCA (509956); FxPro Global Markets MENA Limited authorised & regulated by the DFSA (F003333); FxPro Financial Services Ltd authorised & regulated by CySEC (078/07) and the FSCA (45052); FxPro Global Markets Ltd authorised & regulated by the SCB (SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Agency
  • Leverage: 1:500
  • Minimum Deposit: $100, however, clients under the DFSA will need to deposit $500
  • Platforms: MT4, MT5, cTrader, FxPro Edge (web platform)
  • Headquarters: FxPro Group Limited is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on futures, indices, shares, metals, energies; spread betting
Try FXPRO with a demo account

79% of retail CFD accounts lose money

  • Regulations: IFSC, CySEC
  • Minimum deposit: $1
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5


74-89% of retail CFD accounts lose money

9. FBS

Offering leverage of up to 1:3000, FBS is a good option for those who want to really want to multiply their advantage when performing a carry trade. So far, FBS claims to have attracted 10,000,000 traders and their ECN account option is also particularly appealing. FBS also has a copy trade feature and offers cent accounts for beginners.

  • Regulations: Tradestone Limited authorized & regulated by the by CySEC (331/17); FBS Markets Inc. regulated by IFSC (IFSC/60/230/TS/18). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN
  • Leverage: 1:3000
  • Minimum Deposit: $ 1
  • Platforms: MT4 (for Windows, iOS, Android and/or web trader)
  • Headquarters: FBS Markets Inc. is headquartered in Belmopan, Belize
  • US Customers: No
  • Other instruments: Futures; CFDs on precious metals, oil, cryptocurrency
Try FBS.COM with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4/5


74-89% of retail CFD accounts lose money

10. OctaFx

OctaFx also has a comprehensive calculator that allows traders to work out how their swap rate for different currency pairs also taking into consideration different account types and leverage. Traders with OctaFx can also utilise their copy trading feature and were awarded ‘Best ECN Broker’ by the UK Forex Awards in 2017.

  • Regulations: Octa Markets Incorporated is regulated by the FSA. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)
  • Headquarters: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try OCTAFX with a demo account

74-89% of retail CFD accounts lose money

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