Broker Reviews Overview
Choosing the perfect broker for you is an important first step on your trading journey. Like a good pair of gloves, your broker of choice should be a suitable fit for you. But with so many brokers out there today, where do you start?
Here at AskTraders, our expert team of trading professionals has taken care of all the hard work for you. We’ve reviewed and ranked our trusted broker partners to save you hours of research.
Along the way, we’ve looked at everything from account types and features, to trading fees and FCA regulation and condensed all of this information into a handy snapshot overview.
Strengths
- A long history is the industry means the have craftred a well-trusted reputation
- The platforms are recently redesigned and have a very intuitive feel
- Pricing and fees from the broker are typically competitive
Weaknesses
- The minimum deposit can seem a little on the high side for some traders
- Customer support availability times could be improved on
Open Demo Account
74% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- Provides traders with an expansive range of tradable instruments
- Features a huge selection of education and research materials
- Supports multiple trading platforms including MetaTrader and WebTrader
- Allows traders to choose between standard and commission accounts
- Boasts of relatively low trading fees compared to its US peers
Weaknesses
- The maximum leverage isn’t available for all traded instruments
- Its WebTrader platform if fairly rigid and not easily customizable
- Trading platform features limited fundamental analysis tools
- Doesn’t support spread betting and binary options for futures traders
74% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- UK regulated by the FCA
- Great in-house trading platform, xStation 5
- Publicly traded company, around since 2002
Weaknesses
- Average fees compared to the industry
- Demo account for 4 weeks only
Strengths
- Regulated by multiple organisations
- Over nine years of experience
- Offers a demo account
- Micro accounts with $5 minimum deposit available
Weaknesses
- Other brokers offer more instruments
Strengths
- Regulated
- VPS available for a discount
- Highly competitive commissions
Weaknesses
- Limited educational materials
- Limited trading tools
Strengths
- Fully licensed and well-regulated by the NFA and FINRA
- Provide a range of trading opportunities within the US Marketplace
- Very competitive fees and commissions
Weaknesses
- The range of markets could be expanded to help attract a larger base of traders
- Website layout feels too simple and a little outdated
Strengths
- Competitive spreads
- Wide array of payment methods
- Solid trading platforms
- Good selection of different accounts
Weaknesses
- Significant transaction fees
- Lack of non-currency investment products
Strengths
- More than 40 years of experience
- Regulated by multiple bodies around the world
- Winner of multiple awards
Weaknesses
- Some brokers offer more trading instruments
Open Demo Account
75% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- A trusted broker regulated by Tier-1 authorities
- An impressive range of trading platforms including TradingView
- Neat additional services, some of which are unique to the broker
- Transparent pricing and no hidden fees
- Great functionality on the mobile App
Weaknesses
- Inactivity fees are applied on accounts which are dormant for more than12 months
- MT4 trading platform only supports 100 markets
- Bid-offer spreads are in line with the peer group rather than exceptional
75% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Traders have access to more than 2,100 assets
- Traders can profit off cryptocurrency without owning it
- Regulated by the FCA
Weaknesses
- Minimal information available on the website
- Some assets have wide spreads
