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Updated 21 Sep 2022
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.
1st

Moneyfarm

Trader Rating
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
2nd

Personal Capital

Trader Rating
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
3rd

ForexTB

Trader Rating
Strengths
  • No trading commissions
  • No fees on deposits
  • 24/5 customer support
Weaknesses
  • Limited amount of asset classes
  • High minimum deposit on premium accounts
  • No bonus offered
4th

Cryptology

Trader Rating
Strengths
  • Great cryptocurrency support
  • Transparent fee and pricing structure
  • Great referral programme
  • Competitive pricing structure
  • Solid performance through the browser-based trading platform
Weaknesses
  • No support for financial instruments beyond cryptocurrencies
  • Relatively high withdrawal fees on wire transfers
  • No pro features available
5th

Tickmill

Trader Rating
Strengths
  • Regulated by the FCA
  • More than 200 million trades
  • Nice range of assets
Weaknesses
  • No ability to choose a trading platform
  • No 24/7 customer support
73 % of retail CFD accounts lose money
6th

DEGIRO

Trader Rating
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.
7th

Fineco

Trader Rating
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.
8th

BlackBull Markets

Trader Rating
Strengths
  • The company supports a reasonably wide range of deposit and withdrawal methods
  • Traders get the advantage of a low minimum deposit, tight spreads, and a demo to practice
  • Traders will enjoy fast, reliable execution under actual ECN conditions
  • They are a licensed and internationally regulated brand
Weaknesses
  • Online tutorial videos lack depth
  • The product portfolio is somewhat limited
9th

Nutmeg

Trader Rating
Strengths
  • Fully-automated investment service
  • UK firm regulated by the FCA
  • Top managed portfolios based on a large range of ETFs
  • Cost-efficient and transparent pricing structure with discounts for higher balances
  • Friendly and reliable customer service
Weaknesses
  • Cannot trade in your own portfolio
  • No telephone support at night or on weekends
  • Reduced control over investments versus managing your own portfolio
10th

Admirals (Admiral Markets)

Trader Rating
Open Demo Account CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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
  • Impressive range of assets to trade
  • Great education and solid research resources
  • MT4/ MT5 platforms do have add ins
Weaknesses
  • No bespoke platform, MT4/ MT5 only
  • Demo account expires after 30 days
  • Trading commissions on some accounts
CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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.