Broker Reviews Overview

Updated: 15 September 2021

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 (132)

11th

CEX.IO

Trader Rating
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
Note: 76.4% of Forex retail accounts lose money
12th

Admiral Markets

Trader Rating
Strengths
  • Impressive education and solid research
  • Impressive range of assets to trade
  • MT4/ MT5 platforms do have add ins
Weaknesses
  • No bespoke platform, MT4/ MT5 only
  • Demo account expires after 30 days
  • Trading commissions on some accounts
Note: 76.4% of Forex retail accounts lose money
13th

Core Spreads

Trader Rating
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
Note: 76.4% of Forex retail accounts lose money
14th

StormGain

Trader Rating
Strengths
  • Multilingual website
  • Loyalty program and bonuses
  • Security
  • Ability to buy cryptocurrency using bank cards
  • 24/7 customer support
Weaknesses
  • Replenishment of accounts only possible with cryptocurrencies
  • StormGain is currently not regulated. However, the StormGain legal team provides adequate control
  • Only cryptocurrencies can be withdrawn from the platform
Note: 76.4% of Forex retail accounts lose money
15th

LonghornFX

Trader Rating
Strengths
  • Uses an electronic communication network (ECN) to place trades
  • Offers round-the-clock customer support, seven days a week
  • Provides a demo account for traders to use for practice before trading for real
Weaknesses
  • Does not provide the latest version of MetaTrader, MetaTrader 5 — only version 4
  • Some commissions are charged — though they are low
Note: 76.4% of Forex retail accounts lose money
16th

Smarkets

Trader Rating
Strengths
  • Strong app and clean, concise website functionalities
  • UKGC and MGA licensed and regulated
  • Different payment methods, including Neteller and Skrill
Weaknesses
Note: 76.4% of Forex retail accounts lose money
17th

Wealthify

Trader Rating
Strengths
  • Fully automated investment service
  • Five plans available to suit all investors, including ethical investing
  • Customer service options include phone, email and live chat
  • Minimum deposit of £1 to open an account
  • Backing from major financial organisations
Weaknesses
  • Fees are not the lowest available for large investors
  • No pension product
  • No customer support on Saturday afternoon and Sunday
Note: 76.4% of Forex retail accounts lose money
18th

VantageFX

Trader Rating
Strengths
  • Forex ECN and STP trading
  • Great selection of US/UK/EU/AU/HK stock CFDs
  • High levels of account and deposit protection
  • Quick execution speeds
  • Interesting bonuses and promotional offers
Weaknesses
  • Cryptocurrency trading options could be better
  • Only 40 currency pairs on offer
  • Limited support for exotic currency pair trading
Note: 76.4% of Forex retail accounts lose money
19th

Trendsmacro

Trader Rating
Strengths
  • Zero commissions and minimal spreads
  • 50 currency pairs and more than 45 CFDs
  • Customer support 24/5
  • No requotes
  • MT4 trading available
Weaknesses
  • No cryptocurrencies
  • CFDs not available on all instruments
  • High minimum deposit for premium accounts
Note: 76.4% of Forex retail accounts lose money
20th

Wealth Horizon

Trader Rating
Strengths
  • Customised and personal advice
  • Downloadable investment proposal
  • Status updates available anytime
  • Consistently recognised as a top ten robo-advisor
  • Minimal client interaction required
Weaknesses
  • No demo account or low investment option to test service with
  • Unclear deposit methods and withdrawal time
  • No weekend or evening customer support
Note: 76.4% of Forex retail accounts lose money