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
- UK regulated by the FCA
- Great in-house trading platform, xStation 5
- Publicly traded company, around since 2002
Weaknesses
- Average fees compared to the industry
- Demo account for 4 weeks only
Strengths
- Regulated by multiple organisations
- Over nine years of experience
- Offers a demo account
- Micro accounts with $5 minimum deposit available
Weaknesses
- Other brokers offer more instruments
Strengths
- Regulated
- VPS available for a discount
- Highly competitive commissions
Weaknesses
- Limited educational materials
- Limited trading tools
Strengths
- Fully licensed and well-regulated by the NFA and FINRA
- Provide a range of trading opportunities within the US Marketplace
- Very competitive fees and commissions
Weaknesses
- The range of markets could be expanded to help attract a larger base of traders
- Website layout feels too simple and a little outdated
Strengths
- Competitive spreads
- Wide array of payment methods
- Solid trading platforms
- Good selection of different accounts
Weaknesses
- Significant transaction fees
- Lack of non-currency investment products
Strengths
- Top-quality education offering
- Three well-equipped proprietary trading platforms
- Massive range of asset classes and financial instruments to choose from
- In-depth research tools
Weaknesses
- Fee structure is average
- No 24/7 customer support
Strengths
- More than 40 years of experience
- Regulated by multiple bodies around the world
- Winner of multiple awards
Weaknesses
- Some brokers offer more trading instruments
Open Demo Account
75% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- Access to more than 12,000 markets
- Over three and a half decades of experience
- Regulated by the Financial Conduct Authority
- Winner of numerous awards
Weaknesses
- The desktop platform is not the most user-friendly
75% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Traders have access to more than 2,100 assets
- Traders can profit off cryptocurrency without owning it
- Regulated by the FCA
Weaknesses
- Minimal information available on the website
- Some assets have wide spreads
Strengths
- Transparent fees based mostly on spreads
- Hundreds of assets to trade
- Majority of brokers are helpful and professional
- Good variety of payment methods
- Platform is accessible - user-friendly technology
Weaknesses
- Slow withdrawals
- No awards
- A minority group of pushy brokers
