Home Broker Reviews Page 3
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 (124)
21th
Pepperstone
Open Demo Account
Full Review
Strengths
Regulated by the FCA and ASIC
Offers multiple free deposit methods
Excellent customer service
Weaknesses
Product offering below average
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.
22th
FXTM
Open Demo Account
Full Review
Strengths
FCA and global regulation
Strong education
Numerous account types
Weaknesses
Does not offer own trading platform
Disappointing number of markets
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.
23th
Trade360
Open Demo Account
Full Review
Strengths
Huge range of CFDs and stocks to trade
Innovative CrowdTrading platform
Easy to use website/software
Dedicated mobile app
Customer support available 24/5
Weaknesses
Entry-level traders can’t access MT5
No crypto trading
Not an extensive selection of forex pairs to trade
Note: 76.4% of Forex retail accounts lose money
24th
Wealth Horizon
Open Demo Account
Full Review
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
25th
Binance
Open Demo Account
Full Review
Strengths
Availability of all major coins, including ETH, BTC, BNB, LTC, and so on.
Incredibly low trading fee – just 0.1%
The exchange has the capability of processing up to 1.4 million orders in a second.
supports several languages, too, including Chinese, Japanese, English, and Korean.
Advanced trading platforms
Weaknesses
The platform is a bit buggy.
Their customer support is quite slow.
Until lately, there was no support for Fiat.
Note: 76.4% of Forex retail accounts lose money
26th
Admiral Markets Review
Open Demo Account
Full Review
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
27th
IQ Option
Open Demo Account
Full Review
Strengths
Low CFD fees
User-friendly trading platform
Easy account opening process
Low trading fees
Low minimum deposit
Weaknesses
Inactivity fee
Limited of educational resources
No support for MT4/MT5
Note: 76.4% of Forex retail accounts lose money
28th
Evestor
Open Demo Account
Full Review
Strengths
A friendly online interface that allows customers to easily interact with the company
Minimal investment risk and well-defined distribution of income
Diversified business plan and a wide choice of investments
Very flexible services
Regulated by the Financial Conduct Authority (FCA)
Weaknesses
No social media presence
The company’s limited presence in only a few countries
Censoring of payments and registration
Note: 76.4% of Forex retail accounts lose money
29th
IC Markets
Open Demo Account
Full Review
Strengths
Equinix NY4 order matching engine makes it perfect for automated trading
Raw spread accounts with trading from 0.0 pips
Free demo account
Average EUR/USD spreads from 0.1
Quick execution speed with trades completed on average under 40ms
Weaknesses
Caters mainly to the Australian market
No major awards
Limited exotic currency pairs
Note: 76.4% of Forex retail accounts lose money
30th
Fidelity
Open Demo Account
Full Review
Strengths
Huge selection of financial instruments to choose from
Competitive fee structure
Quality proprietary trading platform
Very security conscious platform
Weaknesses
The proprietary trading platform is not accessible straight away
Note: 76.4% of Forex retail accounts lose money