EdgeFlo supports all 11 brokers on TradeLocker Hub. This article helps you choose the right one based on your location, trading style, deposit preferences, and risk tolerance.
TradeLocker works with 11 brokers. They all give you access to the same platform, but the broker underneath determines your regulation, deposit and withdrawal options, leverage, and what happens if something goes wrong. This guide walks you through how to choose the right one.
EdgeFlo connects to your broker account to surface your trading data in one place. Choosing the right broker from the start means a smoother connection and fewer surprises down the line.
Step 1: Check if you are in the United States
Two of the most established brokers on TradeLocker Hub - Eightcap and Focus Markets - do not accept US residents. If you are based in the US, skip to the For US Traders section below.
If you are outside the US, both regulated options are available to you and are the recommended starting point.
Step 2: Decide whether regulation matters to you
Most brokers on TradeLocker Hub are unregulated offshore entities. If you are trading meaningful capital and want a broker that answers to a financial authority, there are only two options that meet that bar.
Eightcap
Eightcap is regulated by ASIC (Australia), the FCA (United Kingdom), and CySEC (Cyprus). It has been operating for 11 years and is the longest-standing broker on the list. Deposits and withdrawals are available via card, wire transfer, PayPal, Skrill, Neteller, and crypto. The minimum deposit is $50 and support is available 24/5.
Best for: Traders outside the US who want a regulated broker with normal banking options and a proven track record.
Warning: Eightcap does not accept US residents, Australian residents (for this entity), or traders from a number of other jurisdictions. Check the full restricted country list before signing up.
Focus Markets
Focus Markets is regulated by ASIC for Australian clients and by the FSC of Mauritius for offshore clients. It has been operating for 7 years, supports card, wire, Neteller, Skrill, and crypto for deposits and withdrawals, and has a $100 minimum deposit. It is one of the only brokers on the list to offer phone support.
Best for: Traders who want a regulated alternative to Eightcap or who prefer phone-based support.
Warning: Focus Markets does not accept US residents. Australian residents are served under a separate ASIC-regulated entity.
For US traders and those starting with a smaller account
All remaining brokers are unregulated offshore entities, mostly registered in St. Lucia. They accept US residents. Before opening an account, there is one important thing to understand: all of these brokers support crypto-only withdrawals. You will not be able to withdraw directly to a bank card or wire transfer.
Note: Crypto-only withdrawals apply to all unregulated brokers on this list. You will need a crypto wallet to receive your funds. If you prefer card or wire withdrawals, only Eightcap and Focus Markets support them.
I want the lowest minimum deposit and a free demo
HeroFX accepts deposits from $5 via crypto or $30 via card. It offers a free demo account, 24/7 support, and a 100% deposit bonus up to $25,000. It has been operating for 3 years, which gives it more of a track record than most unregulated options.
Pips Markets also accepts deposits from $5 via crypto or $30 via card, and uniquely supports SEPA bank transfers for EU-based traders. It has a free demo and 24/7 support.
I trade with high leverage
Risen offers the highest leverage on TradeLocker Hub at 1:2000 on forex. It has no commissions (spread-based pricing), a $10 minimum deposit, a free demo, and 24/7 support. It is regulated in Comoros, which is a light-touch offshore jurisdiction.
GatesFX offers up to 1:1000 leverage on forex, also with no commissions. It has a 100% deposit bonus, a loyalty rewards program, and a minimum deposit of $25. Crypto-only for deposits and withdrawals.
Note: High leverage amplifies both gains and losses. 1:2000 leverage means a 0.05% move against your position wipes the account. Only use high leverage if you have a clear risk management strategy in place.
I want a deposit bonus
HeroFX matches your deposit dollar-for-dollar up to $25,000. GatesFX and Risen both offer 100% bonuses on deposits. Crucial Markets offers a 400% bonus, but charges $9 per lot in commission — the highest on the entire list. The bonus sounds attractive, but the commission cost will outweigh it for active traders.
Tip: Always read the bonus terms before depositing. Most bonuses have volume requirements before you can withdraw the bonus funds. HeroFX and GatesFX both publish their bonus terms on their sites.
I am based in the EU and want to deposit via bank transfer
Pips Markets is the only broker on the list that supports SEPA transfers for deposits. All other unregulated brokers accept crypto and most accept card, but none offer a direct bank transfer option except Pips Markets.
I want raw spreads with a low commission
Elyon Markets charges $2 per lot across all asset classes — the lowest commission of any commission-based broker on the list. The minimum deposit is $100 and it is crypto-only for both deposits and withdrawals. No stocks are available.
Brokers to approach with caution
After reviewing all 11 brokers, a few stand out as harder to recommend without a specific reason to choose them.
ClarityFX caps leverage at 1:100 across all assets. This is significantly below every other broker on the list. If you are not specifically looking for capped leverage, you are giving up flexibility without a clear benefit.
Crucial Markets charges $9 per lot in commission — the most expensive on the list. Its main selling point is the 400% deposit bonus, but active traders will give back the bonus value quickly through higher costs.
Comparison at a glance
| Broker | Regulated | US OK | Min Deposit | Forex Leverage | Commission (Forex) | Withdrawals | Demo |
|---|---|---|---|---|---|---|---|
| Eightcap | Yes (ASIC, FCA, CySEC) | No | $50 | 1:500 | $7/lot | Card, wire, crypto, more | No |
| Focus Markets | Yes (ASIC, FSC) | No | $100 | 1:500 | $7/lot | Card, wire, crypto, more | No |
| HeroFX | No | Yes | $5 | 1:500 | $10/lot | Crypto only | Yes |
| Risen | Comoros | Yes | $10 | 1:2000 | None | Crypto only | Yes |
| GatesFX | No | Yes | $25 | 1:1000 | None | Crypto only | Yes |
| Pips Markets | No | Yes | $5 | 1:500 | $10/lot | Crypto only | Yes |
| Elyon Markets | No | Yes | $100 | 1:500 | $2/lot | Crypto only | Yes |
| Restro FX | No | Yes | $25 | 1:500 | None | Crypto only | Yes |
| Crucial Markets | No | Yes | $10 | 1:500 | $9/lot | Crypto only | Yes |
| LivvFX | No | Yes | $20 | 1:500 | $6/lot | Crypto only | Yes |
| ClarityFX | No | Yes | $10 | 1:100 | $6/lot | Crypto only | Yes |
Quick decision guide
| Your situation | Recommended broker |
|---|---|
| Outside US, want regulation and normal banking | Eightcap |
| Outside US, want phone support and regulation | Focus Markets |
| US-based, low starting capital, want a demo first | HeroFX or Pips Markets |
| US-based, want maximum leverage | Risen (1:2000) |
| EU-based, want SEPA bank transfer | Pips Markets |
| Want lowest commission with raw spreads | Elyon Markets ($2/lot) |
| Want a deposit bonus without paying high commission | HeroFX or GatesFX |
Next steps
Once you have chosen a broker and opened your account, connect it to EdgeFlo to start tracking your trades. The connection takes under two minutes.
FAQ
Can I connect more than one broker account to EdgeFlo?
Yes. EdgeFlo supports multiple connected accounts. If you trade with different brokers, you can connect each account separately and view your performance across all of them in one place.
Do all TradeLocker brokers accept crypto deposits?
Most do. Eightcap and Focus Markets also support card, wire, PayPal, Skrill, and Neteller. Pips Markets supports SEPA in addition to card and crypto. All other brokers on the list primarily accept card or crypto for deposits.
Why do most brokers only offer crypto withdrawals?
Unregulated offshore brokers often use crypto as their primary withdrawal method because it is faster and bypasses the banking infrastructure requirements that regulated brokers must meet. If you need to withdraw to a bank account or card, Eightcap and Focus Markets are your options.
What happens to my EdgeFlo data if I switch brokers?
Your historical data stays in EdgeFlo. When you connect a new broker account, EdgeFlo begins pulling data from that account and keeps your previous trading history separate. You do not lose anything by switching.
Is EdgeFlo free to use with any of these brokers?
EdgeFlo's subscription plan determines your feature access, not your choice of broker. Any broker connected through TradeLocker is supported on both Basic and Plus plans.
Related questions
- How do I connect a TradeLocker account to EdgeFlo?
- What is the difference between a regulated and unregulated broker?
- Does EdgeFlo work with MetaTrader accounts?
- How do I switch brokers without losing my EdgeFlo history?
- Can I use TradeLocker in the United States?
- What is the minimum deposit to start trading on TradeLocker?
- How do I withdraw funds from an unregulated broker?
- What is the difference between raw spreads and standard spreads?
- Which TradeLocker broker has the lowest commission?
- Which TradeLocker broker offers the highest leverage?
- Do any TradeLocker brokers support bank wire withdrawals?
- Is there a demo account available before I deposit real money?
Still have questions about choosing a broker or connecting your account? Contact EdgeFlo support.