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
- Multi-asset class
- Superior quality of market execution
- Low-latency connectivity and trading experience
- Free educational resources and daily market insights from a team of experts
- MetaTrader 4 and 5 platforms
Weaknesses
- More account choice could be offered
- Relatively low range of cryptocurrencies
- Mobile trading app not provided by the broker
Strengths
- Huge range of CFDs and stocks to trade
- Innovative CrowdTrading platform
- Easy to use website/software
- Dedicated mobile app
- Customer support available 24/5
Weaknesses
- Entry-level traders can’t access MT5
- No crypto trading
- Not an extensive selection of forex pairs to trade
Open Demo Account
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
- FCA and global regulation
- Strong education
- Numerous account types
Weaknesses
- Does not offer own trading platform
- Disappointing number of markets
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
- Huge selection of financial instruments to choose from
- Competitive fee structure
- Quality proprietary trading platform
- Very security conscious platform
Weaknesses
- The proprietary trading platform is not accessible straight away
Open Demo Account
77.77% of retail investor accounts lose money trading CFDs
Full Review
Strengths
- More than 20 years of experience
- Regulated by CySEC
- Over 213 tradeable assets
- Offers a range of asset classes
Weaknesses
- It can be hard to find bid/ask spreads
77.77% of retail investor accounts lose money trading CFDs
Strengths
- No minimum account size
- Clear and easy-to-use website
- Tax-smart technology
- A tremendous amount of education available
- Great promotions
Weaknesses
- Not enough payment methods
- Traditional investing options, but not much else
- Lack of control
Strengths
- Award-winning broker
- Wide range of platforms offered
- Self-styled ‘lowest spreads in the industry’
Weaknesses
- No recognised regulatory authority
- USD $100 minimum deposit
Strengths
- Fully-automated investment service
- Expert financial advisors
- UK firm with FCA regulation
- Competitive fees
- Diverse range of investment assets
Weaknesses
- Cannot trade in or manage your own portfolio
- No telephone support at night or on weekends
- High minimum investment required of £50,000 unless part of a Netwealth Network
Strengths
- Fully regulated
- Client funds are segregated
- CFD trading with generous leverage
- Choice of three different account types
- New ALPHA account for the MT5 platform enables access to Exchange Stocks and Exchange ETFs
Weaknesses
- No US clients
- No cryptocurrencies
- Limited amount of instruments
Strengths
- More than 140 tradable cryptocurrencies
- Low exchange fees when using digital coins to buy other tokens
- It is effortless to use trading interface
- Quality customer support offering
Weaknesses
- High costs when using debit or credit cards
- No educational offering
