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
- 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
- Ten trading platforms to choose from, including MT4 and a PMAM platform
- Has access to customer service via live chat, phone and email
- Offers social trading
- You can open a wide variety of account types, including Micro and ECN
- Provides negative balance protection
Weaknesses
- Does not accept Paypal deposits
- Lack of integrated cryptocurrency trading
- No discounts for high volume trading
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
Strengths
- Leverage is available up to 1:500
- ROinvesting offers more than 300 CFD assets
- ROinvesting is licensed and regulated by CySEC
- The broker offers multiple platforms, including a WebTrader, MT4, and a mobile version
Weaknesses
- All assets offered are CFDs
Strengths
- Access to human advisors
- Solid customer service/support
- Array of payment methods
- Socially conscious investing
- Free commissions on trades
Weaknesses
- Limited trading options
- Lack of tools/research
- Management Fees are high
Strengths
- No minimum deposit to open an account
- Incredibly popular, indicating that it has something to offer clients
- Has earned numerous honours and awards
Weaknesses
- Only 300 or so instruments to trade
- No GBP account, just USD, EUR, and RUB
Open Demo Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77,15% of retail investor accounts lose money when trading CFDs. 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
- Tailor-made trading for different experience levels, including VIP webinars
- Two leverage levels based on the client’s experience: 1:60 for retail and 1:400 for professional accounts
- Great asset diversity, with over 300 instruments to trade from five asset classes
- Education and support from a team of professionals in the trading industry
Weaknesses
- Not a huge range of payment methods are accepted
- Larger-than-average spreads for basic account holders
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77,15% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Strengths
- Regulated by the CySEC with segregated client accounts and deposit insurance
- Tight spreads, transparent costs, and commissions
- Good choice of trading platforms
- A wide selection of account types
- Access to multiple trading platforms on desktop and mobile devices
Weaknesses
- Online tutorial videos lack depth
- The product portfolio is rather limited
Open Demo Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.24% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- Lots of different types of account and fee structures to choose from
- Reliable customer support service options with lots of choices
- Range of asset classes including over 100 forex pairs and a selection of commodities and crypto assets
- No deposit fees are charged
Weaknesses
- Not many offers available for traders to pick from
- Lots are defined differently from the industry standard
- No offer of MetaTrader 5 for platforms
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.24% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Low minimum deposit requirement on the basic account
- Fantastic educational and learning resources
- Multiple account types to suit trading styles of all levels
- Uses the highly regarded MT4 trading platform
- Regulated by CySEC, which offers high levels of consumer protection
Weaknesses
- No access to the newer MT5 trading platform
- No ground-breaking new features
- High inactivity fees if your account isn’t kept active
- Withdrawal fees may apply if less than €100 is withdrawn from your account
