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
- 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- Only cryptocurrencies can be withdrawn from the platform
Open Account
69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Full Review
Strengths
- Spreadex has been around for a long time
- It is known as a reliable company
- Both iOS and Android apps are available
- A large number of markets are on offer
Weaknesses
- No e-wallets available for deposits and withdrawals at the moment
69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Strengths
- Very well-designed and easy to use platform
- Offers the opportunity to learn about the industry
- Referral links allow users/influencers to earn with the platform
- High liquidity
Weaknesses
- Their customer support could be improved
Strengths
- Bridges the gap between fiat and crypto finance systems
- Enables holders of crypto to improve cashflow without selling coins
- Impressive levels of security and protection
Weaknesses
- Not available in the US
- Loans are available in five denominations: USD, CHF, EUR, GBP, and USDT. It is a good base level number of options but won't, of course, suit all clients.
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
Open Demo Account
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Full Review
Strengths
- The platform is easy to use for every type of traders from amateurs to professionals
- Over 1200 financial instruments to trade
- Leverage above 1:30 available to professional traders
- Transparent trading fees
- You can open a live trading account for £100
Weaknesses
- The cost of spreads is higher than other services in the market
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Open Demo Account
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Full Review
Strengths
- Top-tier regulation
- Inventor of spread betting
- Award-winning trading platform & apps
- Negative balance protection at zero extra cost
- Massive market range (17,000+)
Weaknesses
- No support for Skrill or Neteller
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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
Open Demo Account
83 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Full Review
Strengths
- Low CFD fees
- User-friendly trading platform
- Easy account opening process
- Low trading fees
- Low minimum deposit (50 $/€)
Weaknesses
- Inactivity fee
- Limited of educational resources
- No support for MT4/MT5
83 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Strengths
- Excellent robo advisory service on offer
- Well-regulated broker with stringent customer trust and safety practices
- No inactivity fees on accounts
- Excellent brand reputation
Weaknesses
- Not the most competitive spreads out there
- Social trading features could be better
- Limited withdrawal and deposit options
