Brokers with Segregated Accounts

Protect your funds when good times go bad. Compare Forex brokers with segregated accounts.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.


4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)ETFs (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)Bonds (CFD)
FP Markets 72121000164617452
AvaTrade 5514612233191072
MT4MT5TradingViewcTraderCopy trading
FP Markets
AvaTrade
Bank transferDebit cardCredit cardNETELLER *Skrill *Broker to broker transferBTC (Bitcoin)USDT (Tether)
FP Markets
AvaTrade
AustraliaCyprus (EU)South AfricaSt. Vincent & the GrenadinesUAE
FP Markets
AvaTrade

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.


4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.

  • Likes
  • Over 750 financial instruments on MT4/5.
  • Get free daily trading signals.
  • Easily copy professional traders.
  • No fees on deposits or withdrawals.
  • Get one-on-one assistance when you deposit US$1,000.
  • Dislikes
  • You cannot trade on raw spreads.
  • Quarterly and annual inactivity fees.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Its customer service is excellent too. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. AvaTrade support is available five days a week through various channels, including WhatsApp.

Segregated accounts earmark the funds you deposit with your broker for your own trades. They're meant to avoid "co-mingling" and can protect your funds from unscrupulous brokers.

Why segregation matters

The primary purpose of segregation is to protect customer funds in the event of the broker's insolvency. In countries where account segregation is a legal obligation, provisions in bankruptcy laws give customers a priority over the funds in segregation. This protects customer funds against insolvency losses and competing claims from other creditors.

Segregation also serves a more immediate function. In the event of liquidation or any other situation where open positions need to be transferred quickly, segregation ensures that the customers' margin funds transfer along with the positions. Without this protection, you may be required to post duplicative margin or else face the forced liquidation of your positions.

A legal requirement

In some countries, it is a legal requirement that brokers place customer funds in segregated accounts. In others, brokers may follow similar requirements out of good business practice.

United Kingdom

Brokers operating in the United Kingdom are regulated by the Financial Conduct Authority (FCA, formerly FSA). Under FCA rules, brokers have an obligation to protect their clients' money and assets. FCA regulated brokers must place all money paid and owed to customers into separate bank accounts and establish a trust over those accounts.

United States

Brokers operating in the United States must register with the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC). Section 4d(a)(2) of the Commodity Exchange Act requires that all funds deposited with a Futures Commission Merchant (FCM) in connection with futures or commodity options be accounted for separately, deposited under an account name that clearly identifies them as such, and not be commingled with the FCM's own funds.

How safe are segregated accounts?

MF Global's collapse, which left US$ 1.6 billion of client funds unaccounted for, is a reminder that segregated accounts cannot protect against fraud or criminal behaviour. According to a report by the bankruptcy trustee, MF Global often moved money between its own accounts and those of customers in amounts of less than US$ 50 million a day, replacing the cash by day's end.

When opening an account with a Forex broker, take time to read through the Customer Agreement and Terms and Conditions to understand the steps the broker will take to protect your funds. Segregated accounts aren't a silver bullet; however, they provide you with legal rights when good times turn bad.

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Author

About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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