Founded in South Africa in 2017, BKFX is an FSCA-regulated broker offering trading on a range of financial instruments, including 40 Forex pairs, 7 indices, 5 commodities, 12 cryptocurrencies and 39 share CFDs.  BKFX offers four live accounts with a range of minimum deposit requirements to suit traders of all experience levels. Trading costs are higher than other STP/ECN brokers, with spreads starting at 1.8 pips (EUR/USD) on its Cent Account but improve to 1 pip (EUR/USD) on the Premium Account, in exchange for a high minimum deposit of 1,000 USD. However, BKFX does not charge any deposit, withdrawal or inactivity fees and provides negative balance protection for all traders. Unlike other brokers who offer several trading platforms, BKFX only offers support for MT4, but it does allow hedging, scalping and algorithmic trading. It also offers a VPS service at an additional cost and a PAMM Investor service for those interested in copy trading. BKFX’s educational and market analysis materials are relatively limited compared to other brokers, making it a poor choice for beginner traders

Capital.com no longer accepts Indian clients. This review is for informational purposes only. With one of the lowest-cost trading environments in the industry and a large number of tradable assets, Capital.com provides a welcoming environment for both beginners and professional traders looking for a new MT4 broker.  A well-regulated broker, Capital.com offers trading on an extensive range of tradable instruments, including over 138 Forex pairs, over 3600 share CFDs, 22 indices, 22 commodities, and over 200 cryptocurrencies - one of the largest sets in the industry. Although Capital.com only offers one trading account its trading costs are significantly lower than average, with spreads starting at [fxs-broker-property identifier="eur_usd"] pips on the EUR/USD and no commission. Additionally, no fees are charged for deposits, withdrawals, or on inactive accounts. Unlike other brokers, Capital.com charges swap fees based only on the leverage provided rather than the trading position's entire value. This is a welcome development in an industry where extra fees are charged on most transactions.  Trading is offered on MT4 and Capital.com's award-winning proprietary web platform, and customer service is available 24/7 to help with any technical queries. Notable is Capital.com’s world-class educational and market analysis section, providing exceptional value for beginner and experienced traders alike. One drawback is the lack of technical and fundamental analysis tools on offer. Most other brokers offer tools like Autochartist, Trading Central, and free VPS services, to help traders make better trading decisions.

Founded in New Zealand in 2014, BlackBull Markets is an ECN-only broker that offers trading on a limited number of assets compared to most other brokers, including Forex, commodities, and indices.   While BlackBull Markets offers a range of accounts for beginners and more experienced traders,  trading costs are higher than those of other brokers on its entry level commission-free account, with average spreads of [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD. Trading costs improve on its Prime and Institutional Accounts, with spreads down to 0.1 pips (EUR/USD), but this is in addition to a commission and high minimum deposit requirements of 2,000 USD and 20,000 USD respectively.    BlackBull Markets provides direct market access on the MT4 and MT5 trading platforms and offers a number of useful trading tools, including a VPS service, FIX API, and copy trading through third-party providers Zulutrade and myfxbook Autotrade, but these are available at an additional cost.