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
- 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
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.
Open Demo Account
Trading Leveraged Products is Risky
Full Review
Strengths
- Over 3500+ items – CFDs for forex, metals, energies, stocks, indices, ETFs, bonds, commodities, and cryptocurrencies; Direct trading of stocks also supported.
- Four account categories designed to cater to all aspects of trading styles and goals
- MT4, MT5 and HFM platforms are supported, along with associated mobile apps
- Leverage up to 1:2000 on some trading instruments
- Corporate compliance with six globally recognised regulatory agencies
Weaknesses
- No US residents accepted
- Educational content is good but could improve to meet its competitors
- Spreads competitive but not world beating
Trading Leveraged Products is Risky
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
Strengths
- Their transparent pricing structure for all products
- They have fast approval times for account opening and identity verification
- They provide quick access to digital coins
Weaknesses
- High fees for deposits with credit card
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
Strengths
- 26,000+ Shares, Options, ETFs, Bonds, and other underlying assets
- 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
- Not available in all jurisdictions
- Regulatory framework
Open Demo Account
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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
- Regulated by the FCA, ASIC, CySEC, BaFIN, CMA, DFSA and SCB
- Offers multiple free deposit methods
- Excellent customer service
Weaknesses
- Does not offer own trading platform
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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
- Plus500CY Ltd. is regulated and authorised by the CySEC #250/14
- User friendly platform
- International support in multiple languages
Strengths
- Competitive fees
- They are regulated by the FCA; hence, investments of their traders are secured
- Excellent choice of trading platforms
- Wide range of assets
Weaknesses
- Only two types of accounts available for their traders
- They do not provide any education
