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
- UK regulated by the FCA
- Great in-house trading platform, xStation 5
- Publicly traded company, around since 2002
Weaknesses
- Average fees compared to the industry
- Demo account for 4 weeks only
Strengths
- Fully regulated
- Fixed spreads & spreads from zero
- Loyalty bonus offer (up to 20% cashback)
- Risk-free demo account
- Free trading signals
Weaknesses
- Limited amount of instruments in some asset classes
- No cryptocurrencies
- No social trading
Open Demo Account
CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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.
Full Review
Strengths
- Offers a powerful in-house platform as well as MT4/5
- Provides good leverage options, including as high as 1000:1 in some cases
- Nice mobile trading app (supports both iOS and Android)
- Gives customers a range of customer service options
- Deposit bonus can be redeemed several times over, whether a trader is new or not
Weaknesses
- Leverage levels vary considerably between asset classes
CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% 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.
Strengths
- Fully regulated
- Segregated client funds in top-tier banks
- Variety of tradeable instruments
- Offers an ECN account
- Excellent customer service
Weaknesses
- Does not serve US clients
- Cryptocurrencies not provided
- Limited educational resources
Strengths
- Many free services are available, services that usually require payment on other platforms
- FCA regulation ensures clients are under FSCS cover
- Low trading costs
- There is no minimum deposit for opening an account
Weaknesses
- Lack of a demo account for practice is a significant drawback
- Payment channels are restricted
- Fewer ETFs than other brokers
Strengths
- They are an award-winning trading platform
- Well-established company
- Simple deposit and withdrawal methods
- Has access to customer service via live chat, phone and web form
- The minimum deposit is $0 unless you ask for a secure key
Weaknesses
- They do not accept Paypal deposits
- No demo trading available
Strengths
- The company's website is easily understandable and accessible to a wide range of customers
- There is a provision of training materials for traders who invest in the company
- There is also the benefit of diversification of investment. This offers the customers an express range of choices of investment and trade
- The terms and conditions of the company are well understood and not ambiguous
- The trading fee gets lower for frequent traders
Weaknesses
- Account opening offline for clients outside the UK
- No adequate saving plans for the customers
- Only GBP base currency
Strengths
- Multi-asset class
- Superior quality of market execution
- Low-latency connectivity and trading experience
- Free educational resources and daily market insights from a team of experts
- MetaTrader 4 and 5 platforms
Weaknesses
- More account choice could be offered
- Relatively low range of cryptocurrencies
- Mobile trading app not provided by the broker
Open Demo Account
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.
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.
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
