Home Broker Reviews
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.
AskTraders broker reviews Ranking (124)
1st
Moneyfarm
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
2nd
Personal Capital
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
3rd
Cryptology
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
4th
Tickmill
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
5th
Scalable Capital
Open Demo Account
Full Review
Strengths
Fully-automated investment service
Account backing by BlackRock
Robust risk management technology
Pricing is transparent and straightforward
Uses ETFs to keeps costs affordable
Weaknesses
High minimum deposit of £10,000
Better fees elsewhere
No telephone support on weekends or overnight
Reduced control over investments versus managing your own portfolio
Note: 76.4% of Forex retail accounts lose money
6th
DEGIRO
Open Demo Account
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
ZuluTrade
Open Demo Account
Full Review
Strengths
Partners with more than 50 brokers to provide social trading
Regulated in Japan and the EU
Website, platform and text support in 26 languages
Commissions can be withdrawn via bank transfers, PayPal or CosmoPayment (MasterCard)
Provides access to customer service via live chat, phone and email
Weaknesses
Telephone customer support only in English and Spanish
Too many traders to make choosing among them easy
Does not provide its own trading service
Note: 76.4% of Forex retail accounts lose money
8th
Nutmeg
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
9th
Bitstamp
Open Demo Account
Full Review
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
Note: 76.4% of Forex retail accounts lose money
10th
eToro
Open Demo Account
Full Review
Strengths
Market-leading social trading platform
Wide range of cryptocurrencies
Authorised and regulated by several leading financial authorities
Beginner-friendly features such as CopyTrader
Wide selection of Stocks-CFDs
Weaknesses
High Forex spreads - not great for FX traders
Only supports one base account currency (USD)
$5 withdrawal fee
62% OF RETAIL ACCOUNTS LOSE MONEY