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
- 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
Strengths
- The variety of different crypto pairs available
- Small The variety of different crypto pairs available
- The largest crypto exchange globally
Weaknesses
- No support via phone
- May be difficult for beginners
Strengths
- Fast execution
- Social trading with IX Social
- Leverage up to 1:1,000 for some clients
- Minimum deposit of only $1
Weaknesses
- Limited number of markets
- Some services exclusive to Professional accounts
Strengths
- Zero commissions
- User-friendly platform
- High-grade analytical tools
- Cryptocurrency trading
Weaknesses
- Limited entry-level educational material
- No mutual funds or bonds
Strengths
- An excellent reputation in the financial space
- The trading platform is well-suited to beginner investors
- Great customer support team
- A wide range of different account types
Weaknesses
- High fees
- No educational resources
- Research offering is not great
Strengths
- Up-to-date financial information for traders
- Stress-free methods of payment
- Accessible customer support services
- Online app for mobile trading
- Wide access to global markets
Weaknesses
- No demo account for inexperienced traders
- Lack of tutorials for self-learning
- Reflection of payment is not instant for traders
Strengths
- Excellent social and copy trading features
- Fully integrated with MT4 and multi-broker capacity
- Unique profit-sharing initiatives
- Partnership programme
Weaknesses
- Limited cryptocurrency options compared to other platforms
- No direct brokerage capability
- Not automatically compatible with all brokers
