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
- MT5 trading
- Good range of tradeable instruments across multiple asset classes
- Excellent choice of account types
- Client funds kept in segregated accounts
Weaknesses
- Limited choice of cryptocurrencies
- Limited number of indices available
- No US clients
Open Demo Account
83 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Full Review
Strengths
- Low CFD fees
- User-friendly trading platform
- Easy account opening process
- Low trading fees
- Low minimum deposit (50 $/€)
Weaknesses
- Inactivity fee
- Limited of educational resources
- No support for MT4/MT5
83 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Strengths
- A friendly online interface that allows customers to easily interact with the company
- Minimal investment risk and well-defined distribution of income
- Diversified business plan and a wide choice of investments
- Very flexible services
- Regulated by the Financial Conduct Authority (FCA)
Weaknesses
- No social media presence
- The company’s limited presence in only a few countries
- Censoring of payments and registration
Strengths
- Excellent robo advisory service on offer
- Well-regulated broker with stringent customer trust and safety practices
- No inactivity fees on accounts
- Excellent brand reputation
Weaknesses
- Not the most competitive spreads out there
- Social trading features could be better
- Limited withdrawal and deposit options
Strengths
- Fully regulated
- Fixed spreads & spreads from zero
- Loyalty bonus offer (up to 20% cashback)
- Risk-free demo account
- Free trading signals
Weaknesses
- Limited amount of instruments in some asset classes
- No cryptocurrencies
- No social trading
Open Demo Account
CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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
- Offers a powerful in-house platform as well as MT4/5
- Provides good leverage options, including as high as 1000:1 in some cases
- Nice mobile trading app (supports both iOS and Android)
- Gives customers a range of customer service options
- Deposit bonus can be redeemed several times over, whether a trader is new or not
Weaknesses
- Leverage levels vary considerably between asset classes
CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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
- Fully regulated
- Segregated client funds in top-tier banks
- Variety of tradeable instruments
- Offers an ECN account
- Excellent customer service
Weaknesses
- Does not serve US clients
- Cryptocurrencies not provided
- Limited educational resources
Strengths
- Many free services are available, services that usually require payment on other platforms
- FCA regulation ensures clients are under FSCS cover
- Low trading costs
- There is no minimum deposit for opening an account
Weaknesses
- Lack of a demo account for practice is a significant drawback
- Payment channels are restricted
- Fewer ETFs than other brokers
Strengths
- The company's website is easily understandable and accessible to a wide range of customers
- There is a provision of training materials for traders who invest in the company
- There is also the benefit of diversification of investment. This offers the customers an express range of choices of investment and trade
- The terms and conditions of the company are well understood and not ambiguous
- The trading fee gets lower for frequent traders
Weaknesses
- Account opening offline for clients outside the UK
- No adequate saving plans for the customers
- Only GBP base currency
Strengths
- They are an award-winning trading platform
- Well-established company
- Simple deposit and withdrawal methods
- Has access to customer service via live chat, phone and web form
- The minimum deposit is $0 unless you ask for a secure key
Weaknesses
- They do not accept Paypal deposits
- No demo trading available
