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
- Ten trading platforms to choose from, including MT4 and a PMAM platform
- Has access to customer service via live chat, phone and email
- Offers social trading
- You can open a wide variety of account types, including Micro and ECN
- Provides negative balance protection
Weaknesses
- Does not accept Paypal deposits
- Lack of integrated cryptocurrency trading
- No discounts for high volume trading
Strengths
- Transparent fees based mostly on spreads
- Hundreds of assets to trade
- Majority of brokers are helpful and professional
- Good variety of payment methods
- Platform is accessible - user-friendly technology
Weaknesses
- Slow withdrawals
- No awards
- A minority group of pushy brokers
Strengths
- Amongst the highest leverage around
- No commission charged
- More than 200 stocks and 40 currency pairs
Weaknesses
- Not currently regulated
- Limited platforms and tools
Strengths
- Regulated by two different regulators
- Offers a variety of different customer service contact points
- Deals in crypto, forex, stocks and more
- Transparent with its fee structure
Weaknesses
- Education section is not extensive
- MetaTrader 5 is not offered
- Customer service is not around the clock
- US customers are not permitted
Strengths
- They support the MetaTrader 5 (MT5) trading platform and mobile options
- It provides social trading via MT5 and COPYDEAL
- Acts as a financial consultant
- There are over 4,000 tradable assets, including cryptocurrencies
Weaknesses
- They are not regulated
- The platform does not support MetaTrader 4 or expert advisors written for it
- The company does not accept deposits from major e-wallets, including Paypal, Skrill and Neteller
Start Trading
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Full Review
Strengths
- Regulated by one of the most trusted bodies in global finance
- Commission-free trading is offered on all account types
- An extensive range of educational material is available
Weaknesses
- No proprietary trading platform is offered
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Strengths
- Leverage is available up to 1:500
- ROinvesting offers more than 300 CFD assets
- ROinvesting is licensed and regulated by CySEC
- The broker offers multiple platforms, including a WebTrader, MT4, and a mobile version
Weaknesses
- All assets offered are CFDs
Strengths
- Access to human advisors
- Solid customer service/support
- Array of payment methods
- Socially conscious investing
- Free commissions on trades
Weaknesses
- Limited trading options
- Lack of tools/research
- Management Fees are high
Strengths
- No minimum deposit to open an account
- Incredibly popular, indicating that it has something to offer clients
- Has earned numerous honours and awards
Weaknesses
- Only 300 or so instruments to trade
- No GBP account, just USD, EUR, and RUB
Open Demo Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77,15% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Full Review
Strengths
- Tailor-made trading for different experience levels, including VIP webinars
- Two leverage levels based on the client’s experience: 1:60 for retail and 1:400 for professional accounts
- Great asset diversity, with over 300 instruments to trade from five asset classes
- Education and support from a team of professionals in the trading industry
Weaknesses
- Not a huge range of payment methods are accepted
- Larger-than-average spreads for basic account holders
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77,15% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
