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Covenance vs Born2trade
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Covenance currently holds a lower overall rating (0) compared to Born2trade (4.8).
Covenance has a higher minimum deposit than Born2trade, at 30.0.
Both platforms offer their clients demo accounts, mobile trading.
Covenance offers a lower maximum leverage of 1:100, whereas Born2trade allows trading with up to 1:5000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 30.0 | 10.0 |
| Commission | 12.0 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | - |
| Maximum lot size | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Cent | STP, ECN |
| Maximal leverage (1:?) | 100 | 5000 |
| Availability | STP, ECN, Cent | STP, ECN |
| Regulation | - | FSC (Mauritius) |
| Trading Platforms | MetaTrader 5 (MT5) | MetaTrader 5 (MT5), Born2trade X (Match Trader) |
| Funding/Withdrawal methods | Bitcoin, Crypto, USDT | Wire Transfer, Internal transfer, Bitcoin, Crypto, Apple Pay, Google Pay, Visa, Mastercard |
| Account Currency | USD | USD, EUR |
| Languages | English | English, German, Russian, Ukranian |
| Country | Comoros | Mauritius |
| Trading platform(s) timezone | Comoros | Mauritius |
| Other trading instruments | - | Stocks, Indices, Commodities, Energies, CFDs, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
