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.
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
- 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
- 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
Strengths
- Great cryptocurrency support
- Transparent fee and pricing structure
- Great referral programme
- Competitive pricing structure
- Solid performance through the browser-based trading platform
Weaknesses
- No support for financial instruments beyond cryptocurrencies
- Relatively high withdrawal fees on wire transfers
- No pro features available
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
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
- MT4 operating shop, augmented by proprietary Allpips platforms
- Access to popular assets for CFD trading in forex, shares, indices, metals and crypto
- Bonuses and promotions
- Tight spreads and no commissions, with leverage up to 1:500
- A comprehensive educational library to support traders
Weaknesses
- Trading limited to CFDs
- Fewer than 120 assets in the product offering
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 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.
