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
- Regulated by FCA and BaFin
- Founded in 2008
- Several customer-support options
- Risk management feature
Weaknesses
- No Islamic account
- No comments
Strengths
- Free trading on stocks, options, mutual funds, and ETFs
- Easy to use interface
- Transparent pricing structure
- Special promotions for new customers
Weaknesses
- Not good for traders who need portfolio management advice
- No managed accounts or Robo advisor services
- No desktop platform means it is not ideal for highly active traders
Strengths
- It has been operating since 2001
- Serves clients in many countries globally
- Offers numerous research and analysis tools
- Competitive fee structure
- Choice of multiple trading platforms
Weaknesses
- Does not offer 24/5 customer support
Strengths
- No minimum for opening an account
- Cryptocurrency trading is available
- Trading is affordable
Weaknesses
- Only offers a limited range of instruments
- Limited customer support
Strengths
- Award-winning CFD and spread-betting broker
- Spread betting allowed for UK residents
- Provides access to markets in over 7,000 instruments in nine asset classes
- Offers vanilla options
- Supports MetaTrader 4 (MT4)
Weaknesses
- Does not accept PayPal deposits
- Charges a 2% deposit fee for using credit cards
- Can’t withdraw less than £50 unless closing account
Strengths
- There is a low minimum deposit to open an account
- They provide 24/5 customer service access via live chat, phone and email
- The company provides negative balance protection on all but professional accounts
- They are regulated in the U.K. by the Financial Conduct Authority (FCA) and in the E.U. by CySEC
Weaknesses
- The company offers relatively few tradable assets
- They lack a Virtual Private Server (VPS)
- The English language version of their website is written poorly
Strengths
- Widely respected regulation by some of the top bodies in world finance
- A huge catalogue of tradable assets to choose from
- Long experience in the sector and partnership with some of the top trading platforms
Weaknesses
- The broker website is not always easy and clear to navigate
Strengths
- A lot of privacy features
- Escrow feature is utilized when trading
- There is a reputation system in place for users
- Wide range of payment options
Weaknesses
- There can be scams if you are not careful and complete your due diligence
- Slow customer support
- Costs a lot to buy Bitcoins in cash
Strengths
- Perfect for investors with large account balances
- Huge mutual fund selection and low-cost ETFs
- Leader in low cost funds
Weaknesses
- Not friendly for beginners or for active traders
- High trading commission
- Limited data and research facilities available
Strengths
- Numerous premium partners, for example, eToro
- Transparent fees, which are presented in a way that users can understand
- Deposit with bank transfer and cryptocurrencies possible
- Accounts in USD are 100% secured by FDI
- Free deposits and the first 30 withdrawals are also free
Weaknesses
- Only Bitcoin and Ethereum tradable
- No bonus offers
