2.2 / 5
Rating breakdown
Things we didn't like:
Absence of a direct telephone number for customer supportThorfx is not a fully licensed and regulated broker
Why would you want an alternative to THORFX?
When looking for an alternative to ThorFX, traders should be mindful of the trading conditions on offer and the transparency of account and fee structure. ThorFX is an ECN broker supporting premium order execution and all strategies of trading, so traders shouldn’t settle for much less elsewhere. Moreover, caution should be taken if fees, commissions, leverage, and margin calls are not clearly communicated in any broker’s terms and conditions. If traders prefer to choose an older, well-established brokerage, we recommend researching reputable reviews and breakdowns of the platform to ensure it suits their needs.
Where ThorFX is lacking, traders may look for bonuses and promotions that motivate active traders; again, however, care should be taken when checking terms and conditions. Seasoned traders might also search for more extensive or niche asset listings, such as international stocks or indices, more commodities, or unusual altcoins.
What to look for in a THORFX Alternative?
When seeking an Thor FX alternative try to consider brokers which can prove that they offset any of the limitations and cons of ThorFX, while at the same time matching or exceeding the strongpoints of the ThorFX offering, especially in those aspects which interest you the most.
Make sure that the ThorFX alternative brokers you will evaluate will be able to allow you to trade on an equally trusted, easy to use and intuitive platform while offering you additional tools and capabilities, as well as solid opportunities for education and training on trading matters. Moreover, search for alternative brokers whose fees and commissions structures are competitive and who offer a wide range of tradeable assets, allowing you to diversify your portfolio. Remember that ThorFX is particularly attractive when it comes to crypto trading since it offers over 30 different cryptocurrencies, ranging from Bitcoin to Litecoin, Ethereum, and many other popular altcoins. Thus, if you wish to trade crypto then make sure you find an alternative that can match this offering.
Best THORFX alternatives – forex brokers like (or better than) THORFX
4.3 / 5
Rating breakdown
Things we liked:
Up to 500:1 leverageLow minimum deposit requirement
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx is not a fully licensed and regulated broker
OspreyFX Overview
Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.
4.2 / 5
Rating breakdown
Things we liked:
AvaTrade has low trading feesThe account opening is user-friendly and fast
It offers a lot of deposit and withdrawals options free of charge
Things we didn't like:
The product portfolio is limited as it offers only CFDs, forex, and cryptosThe research tools are limited
AvaTrade Overview
Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
4.0 / 5
Rating breakdown
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
XM Overview
XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.