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
- More than 70 forex pairs
- Demo available
- MarketPulse offers excellent news information
Weaknesses
- U.S. clients can only trade forex (offers spot crypto via PAXOS)
Strengths
- Automated investment management with human advisors
- Tax optimization strategies
- Customized portfolio
- Financial decision support
- Custom allocation of assets
Weaknesses
- High management fees
- The minimum investment is $100,000 which rules out many inventors
- Asset allocation is not customizable
- Budgeting tool is available on the mobile app but not within the website
Strengths
- Fully-automated investment service
- One of the largest robo-advisors
- Tailored investment and saving strategies
- Good mobile app
- UK office with FCA regulation
Weaknesses
- Lacks 24/7 customer support
- Cannot trade in or manage your own portfolio
- Missing an ethical investing option
- No demo account
Open Demo Account
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Full Review
Strengths
- No fees for deposits or withdrawals (*conversion fees may apply)
- Easy to buy crypto
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Strengths
- High levels of account and deposit protection
- Great selection of US/UK/EU/AU/HK stock CFDs
- Forex ECN and STP trading
- Quick execution speeds
- Interesting bonuses and promotional offers
Weaknesses
- Cryptocurrency trading options could be better
- Only 40 currency pairs on offer
- Limited support for exotic currency pair trading
Strengths
- 800+ tradable assets are available for CFD trading in forex, shares, indices, commodities and cryptocurrencies.
- MT4, MT5 and TradingView platforms are supported, along with associated mobile apps.
- Tight spreads and low fee trading modes via two account classifications
- Regulated entities in both Tier-1 and Tier-3 jurisdictions
Weaknesses
- No US residents accepted
Open Account
Investing can be rewarding but it is not without risk. You can lose (a part of) your deposit.
Full Review
Strengths
- Some of the lowest costs in the sector
- A large selection of markets and financial instruments
- Great desktop and mobile platform
Weaknesses
- Limited analysis tools
- Only bank transfers can be used to add and withdraw funds
Investing can be rewarding but it is not without risk. You can lose (a part of) your deposit.
Open Demo Account
Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-74% 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
- More than 4500 stocks & over 200 ETFs available to invest in
- Admiral Markets Platform developed in-house
- Wide range of CFDs on several asset categories to trade
- Comprehensive trading education and solid analytical research resources
- MT4/MT5 platforms accompanied with add-ons
Weaknesses
- Demo account expires after 30 days
- Trading commissions on some types of accounts
Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-74% 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
- Wide range of instruments available to trade
- Leader in the social trading space
- Transparent fee structure
Weaknesses
- Only supports one base account currency (USD)
- $5 withdrawal fee
- Offer does not apply to US users
61% of retail CFD accounts lose money
Open Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.14% 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
- Fully regulated
- Competitive fees
- Wide range of instruments
- Excellent trading platform
- No minimum deposit
Weaknesses
- No MetaTrader platforms
- No cryptocurrencies
- Only bank transfers to fund the account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.14% 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.
