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
- 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
- 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- Only cryptocurrencies can be withdrawn from the platform
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
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
- Leverage of up to 1:1000
- Spreads as tight as zero pips
- Cryptocurrency-friendly
- Hassle-free account opening
- Innovative analysis tools
Weaknesses
- Limited number of instruments in some markets and sectors
- Lack of advanced research and analysis materials
- No telephone customer support
Open Demo Account
82% 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 3,000 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
- Available for just three years now so no real track history to support them
- The cost of spreads is higher than other services in the market
82% 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. 78% 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. 78% 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
Strengths
- MT5 trading
- Good range of tradeable instruments across multiple asset classes
- Excellent choice of account types
- Client funds kept in segregated accounts
Weaknesses
- Limited choice of cryptocurrencies
- Limited number of indices available
- No US clients
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
