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Choosing a broker.
A broker is simply the account your trading runs through — like a bank account, but for the markets. Here’s a practical, plain-English starting point for picking one in your country.
Start on a free demo account first.
Whichever broker you choose, open a free demo account before using real money. It behaves just like a live account, so you can set everything up and watch a TradeSimplr system run with no money at risk — then switch to live only when you’re comfortable.
Every broker on this list supports MetaTrader 5 and is regulated in its region. We’re not affiliated with any of them and don’t earn commission — these are simply the options we’ve found work well and cause the least confusion.
| Country | Recommended | Notes |
|---|---|---|
| Australia | Pepperstone | Widely used, ASIC-regulated, and supports MetaTrader 5. A straightforward choice for most Australian users. |
| New Zealand | BlackBull Markets | New Zealand–based, FMA-regulated, and supports MetaTrader 5. |
| United Kingdom | Pepperstone | FCA-regulated and supports MetaTrader 5. |
| Europe | Pepperstone | EU-regulated and supports MetaTrader 5. For very small starting balances, XM or Admirals are also commonly used. |
| Canada | FOREX.com Canada | Regulated, and supports MetaTrader 5. Broker options are more limited in Canada, so the choice here is narrower than elsewhere. |
| United States | FOREX.com US | This style of trading is heavily restricted in the US. FOREX.com (NFA / CFTC-regulated) is the common option — but rules are stricter, so it’s especially important to start on a demo account and confirm everything works for your situation first. |
What makes a good broker
If you’d rather choose your own, these are the things that matter:
- ✓It’s properly regulated in your country
- ✓It supports MetaTrader 5 (the platform our systems run on)
- ✓You can deposit and withdraw your own money easily
- ✓Its costs are transparent and reasonable
Last reviewed: June 2026. Brokers change their terms, fees and regulation over time — always check a broker’s current regulation and MetaTrader 5 support before opening an account.
This is general guidance to help you get started, not financial advice. Choosing and funding a broker account is your decision, and your money always stays with the broker — never with TradeSimplr.