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Updated 30 May 2024
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

OANDA

Trader Rating
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)
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

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
4th

eToro USA

Trader Rating
Strengths
  • No fees for deposits or withdrawals
  • Easy to buy crypto
5th

Eightcap

Trader Rating
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
6th

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
7th

Admirals (Admiral Markets)

Trader Rating
Open Demo Account Forex & CFDs are complex products, not suitable for everyone, and come with the high risk of losing money rapidly due to leverage. 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
  • Admirals Native Platform
  • More than 4500 stocks & ETFs available
  • Impressive range of assets to trade
  • Great education and solid research resources
  • MT4/ MT5 platforms do have add ins
Weaknesses
  • Demo account expires after 30 days
  • Trading commissions on some accounts
Forex & CFDs are complex products, not suitable for everyone, and come with the high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8th

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.
9th

eToro

Trader Rating
Strengths
  • Top stock trading platform with 0% commission
  • 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
51% of retail CFD accounts lose money
10th

Bitstamp

Trader Rating
Strengths
  • 5 cryptocurrencies tradable
  • Fees transparent and between 0.10% and 0.25%
  • Regular software updates
  • Crowned as the startup of 2014
Weaknesses
  • Only in English
  • Costs when paying by bank transfer
  • Credit card deposit and withdrawal fees