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
- 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
- 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
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. 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
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
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.