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 (129)
21th
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
22th
Trendsmacro
Open Demo Account
Full Review
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
23th
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
24th
eToro
Open Demo Account
Full Review
Weaknesses
High Forex spreads - not great for FX traders
Only supports one base account currency (USD)
$5 withdrawal fee
Offer does not apply to US users
67% of retail CFD accounts lose money
25th
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
26th
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
27th
IG
Open Demo Account
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+)
Note: 76.4% of Forex retail accounts lose money
28th
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.
29th
VantageFX
Open Demo Account
Full Review
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
30th
Trade Nation
Open Demo Account
Full Review
Strengths
Fully regulated
Client funds are segregated
Good choice of forex pairs
Risk-free demo account
Spread trading on margin available
Weaknesses
Limited amount of instruments in some asset classes
No cryptocurrencies
No social trading
Note: 76.4% of Forex retail accounts lose money