Brokers
TnT Apex needs one thing: a broker offering MetaTrader 5. What varies by country is which brokers may serve you, how much leverage they may offer, and in some places whether you are permitted to trade this way at all. This page is what we have found. It is not legal advice, and the rules change.
1 · What to look for
Not MT4. Some brokers still lead with MetaTrader 4 and the two are not compatible. If their site offers both, make sure the account you open is the MT5 one.
The number that decides how much of each trade the broker takes. It varies between brokers more than anything else, and gold is where most people start. A wide broker does not break the strategy — it refuses to open when a round trip costs more than a third of the target — but it does mean fewer trades.
Decides what happens to your money if the firm fails, and usually how much leverage you are allowed. A locally regulated broker generally means less leverage and more protection.
Offshore brokers advertise 1:500 or 1:1000 against a regulated broker's 1:30 or 1:50, and it reads like a better deal. It is not, for this strategy. Apex sizes every position from how much money you are willing to risk, so leverage only decides how much margin sits idle — it does not change what you make or lose. High leverage is a reason people blow accounts, not a feature.
2 · Canada
Brokers serving Canadian residents must be members of the Canadian Investment Regulatory Organization. That brings CIPF protection up to $1 million CAD if the broker fails, which is among the stronger protections anywhere.
Leverage is capped at 50:1 on major pairs, lower on minors, commodities and anything exotic. Lower than most of the world, and for this strategy that costs you nothing.
Brokers with full CIRO approval offering MT5 include AvaTrade Canada, FOREX.com and OANDA. Interactive Brokers Canada and CMC Markets are CIRO members but do not all offer MT5 — check before opening.
Brokers operating from overseas without CIRO approval cannot legally offer leveraged forex to Canadian retail clients, whatever their website says.
3 · United Kingdom and Europe
The UK and the EU are among the easiest places to do this. FCA-regulated and EU-regulated brokers are plentiful, almost all offer MT5, and the protections are serious: negative balance protection is mandatory, so you cannot lose more than you put in, and client money is segregated.
Leverage is capped at 30:1 on major pairs and 20:1 on gold for retail clients. Again, that does not affect this strategy.
UK clients also get FSCS protection up to £85,000 if the broker fails. Spreads on gold are competitive and the choice is wide enough that it is worth comparing two or three.
4 · Australia, the Gulf, South Africa and Asia
ASIC-regulated brokers, leverage capped at 30:1 on majors and 20:1 on gold, with plenty of MT5 choice. Among the better-regulated markets anywhere.
Regulated locally by the SCA in the UAE, and widely served by international brokers. Higher leverage is generally available; see the note above on why that is not the thing to chase.
FSCA-regulated brokers are well established and MT5 is standard. Gold is heavily traded locally and spreads are usually competitive.
Served by MAS-regulated and international brokers. Rules on leverage and which products retail clients may trade vary; check your own regulator rather than the broker's marketing.
5 · Said plainly
Some countries do not allow retail clients to trade forex or CFDs through offshore brokers at all. A broker's willingness to open an account for you is not evidence that you are allowed to have one — the obligation usually falls on you, not on them.
We are not going to sell you something you cannot legally use. Under FEMA, Indian residents are not permitted to trade speculative margin forex or CFDs on non-INR pairs through offshore brokers — including through MetaTrader. The RBI publishes an alert list of unauthorised platforms, the Enforcement Directorate takes action against individual traders as well as brokers, and remitting money abroad for margin trading is specifically excluded from the Liberalised Remittance Scheme.
What is permitted is exchange-traded currency derivatives in approved INR pairs through a SEBI-registered broker on NSE, BSE or MSE. That is a different market from the one this strategy trades, and MetaTrader is not how you reach it.
If you are resident in India, this product is not for you. We would rather say so here than take your money. If you are an NRI, the rules of your country of residence apply instead.
United States. Retail forex is tightly regulated and CFDs are prohibited outright for US residents. Brokers must be CFTC-registered NFA members, the rules differ substantially from everywhere else, and MT5 offerings are limited. We do not currently aim this at the US market.
Everywhere else. If you are unsure, your own financial regulator's website is the place to check — not a broker's, and not ours.
6 · One more thing
No affiliate links on this page, no referral deals, no payment for being listed. That is worth saying because most broker comparison pages are paid placements, and it changes what they tell you — a page earning per signup has a reason to send you to whoever pays most, which is rarely whoever is cheapest.
We make money from the subscription and nothing else. Which broker you use is genuinely your business, and if a cheaper one appears we would rather you moved to it.
Everything here is what we have found at the time of writing, and it changes — regulators alter leverage caps, brokers gain and lose licences, and countries change their rules. Check anything that matters to you before acting on it. Nothing on this page is legal or financial advice.