Base Markets review

Base Markets Review: Is It a Safe Broker? (2026)

An honest, standalone Base Markets review: FSC Mauritius regulation, MT5-only platform, $0 minimum deposit, and the $400 free-signals offer — including where it is less regulated than Pepperstone.

At a glance

Base Markets is a genuine, regulated broker — licensed by the FSC in Mauritius — but it is less regulated than Pepperstone, ActivTrades and XM, which hold FCA, ASIC and CySEC licences. We rank it #1 on this site not for its regulatory strength but because it is the only broker that unlocks our trading signals free, via a $400 deposit that stays in your account as your own capital. It runs exclusively on MetaTrader 5 with no MT4 option, deposits from $0, and spreads from 0.0 pips. We are an affiliate and disclose that plainly. If tier-one regulation is your top priority, Pepperstone (FCA + ASIC) or Capital.com (FCA + ASIC + CySEC) are the stronger regulatory choices among our five brokers.

Regulator: FSC (Mauritius) only — one licence, and the lightest-touch regulator among our five brokers
Why rank 1: the only broker unlocking our full signals service free, via a $400 deposit that stays your own capital
Platform: MetaTrader 5 only — no MT4
Cost: $0 minimum deposit, spreads from 0.0 pips
More regulated alternatives: Pepperstone (FCA + ASIC + CySEC) and Capital.com (FCA + ASIC + CySEC)
Disclosure: we are a Base Markets affiliate and earn commission when you open an account through our link

Base Markets at a glance

Base Markets is the broker we rank first on this site, and this review exists because we have compared it against XM head-to-head before but never reviewed it as a standalone broker on its own terms. That is the gap this page closes.

The short version: it is a real, licensed broker with a genuinely low cost of entry, but it is not the most heavily regulated name on our list — and we think you should know that clearly before you read the rest of this page.

Base Markets — key facts

Base Markets — key facts
Fact	Detail
Regulator	FSC (Mauritius)
Headquarters	Mauritius
Platform	MetaTrader 5 only — no MT4
Min deposit	$0
Spreads from	0.0 pips
Swap-free accounts	Yes, on request
Our signals free?	Yes — with a $400 deposit that stays your own capital
Our rank	1 of 5

Regulation: honest about where Base Markets stands

Base Markets is licensed by the Financial Services Commission (FSC) of Mauritius. That is a real licence — it requires client-fund segregation and KYC procedures, and Base Markets is not unregulated and not a scam.

But it is a lighter-touch jurisdiction than the tier-one regulators behind the other brokers we rank. Pepperstone holds FCA (UK), ASIC (Australia) and CySEC (Cyprus) licences among seven authorities. Capital.com is regulated by the FCA, ASIC and CySEC as well. ActivTrades is FCA-authorised with FSCS protection up to £85,000. XM holds ASIC, CySEC and DFSA licences. Base Markets holds one licence, from one regulator, in one jurisdiction — and that regulator does not carry the same supervisory weight.

We say this plainly because it is true, not despite ranking Base Markets first. If regulatory strength is your top filter, Pepperstone or Capital.com are the stronger picks among our five. Our how to verify a broker's licence guide shows you how to check any of these claims yourself on the regulators' public registers.

Why Base Markets ranks #1 on this site — the real reason

Base Markets sits at rank 1 for one disclosed reason: open an account through our link and deposit $400 — which stays in your account as your own trading capital, not a fee — and our complete trading signals service unlocks free, the same feed paying subscribers receive on other brokers.

That is not a regulatory endorsement. It is an affiliate arrangement, and we are telling you so directly rather than presenting the ranking as a neutral verdict. Our full criteria are on the methodology page, and the disclosure applies to every broker we rank — we earn commission from all five, including Pepperstone and Capital.com.

How Base Markets compares to the other four brokers

Regulation and platform choice are where Base Markets trails the field. Cost of entry is where it leads. The table below lines up all five brokers on the facts that matter most.

Base Markets vs the other 4 brokers we rank

Base Markets vs the other 4 brokers we rank
Broker	Regulators	Platforms	Min deposit	Free signals?
Base Markets	FSC (Mauritius)	MT5 only	$0	Yes — $400 deposit
Pepperstone	FCA, ASIC, CySEC + more	MT4, MT5, cTrader, TradingView	$0	No — paid subscription
Capital.com	FCA, ASIC, CySEC	MT4, TradingView, native app	$20	No — paid subscription
ActivTrades	FCA, SCB, CMVM	MT4, MT5, ActivTrader	$0	No — paid subscription
XM	ASIC, CySEC, DFSA	MT4, MT5	$5	No — paid subscription

Ready to get started?

Save up to US$2,500 a year

Get the signals free

Open a trading account with Base Markets through our link and deposit US$400 — the capital stays in your account, yours to trade — and you unlock full signals access free, replacing a subscription worth around US$2,500 a year.

1Open a Base Markets account through our link
2Deposit US$400 — the capital stays yours to trade
3Send your proof on Telegram and every signal is free

Open a Base Markets account

Rather just subscribe?

No broker account needed — subscribe through our Telegram bot and get every signal with a clear entry, take-profit and stop-loss, straight to your phone.

Subscribe on Telegram

Trading forex and CFDs carries a real risk of losing money. Our signals are general market analysis, not personal financial advice.

Platform: MT5-only, no MT4

Base Markets runs exclusively on MetaTrader 5 — web, desktop and mobile. There is no MT4 option. For most traders following our signals this is a non-issue: MT5 places an entry, take-profit and stop-loss natively, which is everything our calls require.

It becomes decisive only if you rely on an expert advisor or custom indicator written specifically for MT4 — the two platforms do not share EAs or indicators. In that case, Pepperstone, ActivTrades or XM support both. More detail in the best MT5 brokers guide.

MT5 only — web, desktop, iOS and Android
No MT4 — check this before registering if you depend on an MT4-specific EA
Handles every order type our signals use: entry, take-profit, stop-loss
Depth-of-market, more timeframes and a faster strategy tester than MT4

Costs: $0 minimum, spreads from 0.0 pips

The genuine strength of Base Markets is cost of entry. A $0 minimum deposit and spreads from 0.0 pips put it among the cheapest ways into the market of any broker we list, alongside Pepperstone's Razor account.

Swap-free (Islamic) accounts are available on request — confirm the terms for your region at registration, since availability and conditions vary by entity.

$0 minimum deposit — no real barrier to opening an account
Spreads from 0.0 pips on the standard account
Swap-free accounts available on request
No MT4 platform fee or subscription — MT5 is free with the broker account

The $400 free-signals offer, in full

Open a Base Markets account through our link and deposit $400. That capital is not a fee — it stays in your account and you trade with it. In exchange, our complete signals service unlocks free: gold, forex, oil, indices and crypto calls, each with a defined entry, take-profit and stop-loss, replacing a subscription that otherwise runs roughly $2,500 a year.

Our published track record stands at 94% accuracy by points across 30 weeks, for +159,336 net points. Every week — winning and losing — is on the performance page. If you would rather not open a broker account, the identical signal feed is available as a paid subscription through our Telegram bot, or via Tawsiyat.

Is Base Markets right for you?

Choose Base Markets if you are comfortable trading under an FSC (Mauritius) licence after checking it yourself, you are happy on MT5, and you want our signals unlocked free rather than paying a subscription.

Choose Pepperstone or Capital.com instead if tier-one regulation (FCA, ASIC, CySEC) is your top priority — you can still trade our exact signals on either through the paid Telegram subscription or via WhatsApp.

Whichever you pick, no broker or licence removes market risk. Leveraged trading can lose money quickly. Start on a demo account and never risk capital you cannot afford to lose.

Ready to get started?

Save up to US$2,500 a year

Get the signals free

1Open a Base Markets account through our link
2Deposit US$400 — the capital stays yours to trade
3Send your proof on Telegram and every signal is free

Open a Base Markets account

Rather just subscribe?

No broker account needed — subscribe through our Telegram bot and get every signal with a clear entry, take-profit and stop-loss, straight to your phone.

Subscribe on Telegram

Trading forex and CFDs carries a real risk of losing money. Our signals are general market analysis, not personal financial advice.

Written and reviewed by

Best Trading Signal — editorial & analysis team

We review brokers on licensing, cost and withdrawals — and state the cons, not just the pros. How our signals are produced · Risk Disclosure · Last updated 12 August 2026

Frequently asked questions

Yes, it holds a genuine licence from the Financial Services Commission (FSC) of Mauritius, which requires client-fund segregation and KYC. It is not unregulated. It is, however, less heavily regulated than Pepperstone (FCA, ASIC, CySEC) or Capital.com (FCA, ASIC, CySEC), which hold tier-one licences Base Markets does not.

We rank it first because it is the only broker of the five we cover that unlocks our full trading signals service free, via a $400 deposit that stays your own trading capital. It is not ranked first for regulatory strength — Pepperstone and Capital.com are more heavily regulated, and we say so directly.

No. It is licensed by the FSC in Mauritius and operates as a legitimate broker. All leveraged trading carries real market risk regardless of the broker, so never deposit money you cannot afford to lose.

No. Base Markets runs exclusively on MetaTrader 5 across web, desktop and mobile. If you need MT4 for a specific expert advisor, Pepperstone, ActivTrades or XM support both platforms.

Open an account through our link and deposit $400 — the money stays in your account as your own trading capital. Our complete signals feed then unlocks free. Message us via the Telegram bot or WhatsApp to activate it once your account is funded.

The account minimum is $0, one of the lowest entry barriers among the brokers we rank. To unlock the free signals offer, however, you deposit $400, which remains your own trading capital.

Less regulated. Base Markets holds a single FSC (Mauritius) licence. Pepperstone holds FCA, ASIC and CySEC licences among seven authorities — one of the most heavily regulated brokers we list.

Yes — every signal carries an exact entry, take-profit and stop-loss that executes identically on MT5. Base Markets clients who deposit $400 through our link get the service free; everyone else can subscribe via Telegram regardless of broker.

Related guides

Trading forex, CFDs and crypto carries a real risk of losing money and isn't suitable for everyone — our signals are analyst opinions and general information, not personal financial advice, and past performance is no guarantee of future results.

Last updated 12 August 2026