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
- Low fees if you are an active trader
- Great quality of customer support
- Top-quality trading platforms
- Strong education center
- Client funds are very well protected
Weaknesses
- Specially designed to cater to institutional traders and extremely active high-volume day traders
- The minimum $4.50 charge proves too expensive for casual and infrequent traders
- Limited funding options
- Limited funding options
Strengths
- 24/7 trading
- Scalping strategies allowed
- Live Spreads feature
Weaknesses
- Currently only 50 forex pairs
- Relatively new broker
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
Strengths
- Caters well to Forex traders
- Competitive spreads
- Variety of account types
- Good selection of payment methods
- Copy-trading feature
Weaknesses
- Only caters to Forex traders ignoring other asset classes
Strengths
- Great selection of Forex currency pairs
- Top-quality customer support
- Competitive spreads for Forex trading
- Good selection of account types
- Offers generous promotions
Weaknesses
- Not regulated by FCA
- No US clients
- Only major stocks and indices available
Strengths
- Highly competitive fees and commissions
- Newly released suite of trading platforms
- Presents traders with more than six types of trading accounts
- Broker doesn’t maintain the common trade and account restrictions like minimum deposit, operating balance and inactivity fees
- Highly transparent with its client engagements, especially when it comes to fees and safety of deposits
Weaknesses
- You can only trade futures and not any other financial instruments like FX or shares with Generic trade
- Generic trade doesn’t have an auto trader and its trader platforms won’t support integration with a third party auto trader
- No educational or research materials on their website to help with decision making
Strengths
- Very strong research and education offerings
- Low minimum deposits
- Excellent global customer service
Weaknesses
- Average on pricing
- Do not have their own platform
Strengths
- Supports the popular MetaTrader 4 (MT4) platform
- Provides access to multilingual customer service via live chat, phone, website messaging and email
- Offers social trading
- Uses a straight-through-processing broker model
- Competitive, variable dealing spreads and no commissions
Weaknesses
- Not FCA regulated
- Charges an inactivity fee
- Fewer assets to trade than some other brokers
