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Updated 26 Jul 2023
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.
41th

Libertex

Trader Rating
Open Demo Account 77.77% of retail investor accounts lose money trading CFDs Full Review
Strengths
  • More than 20 years of experience
  • Regulated by CySEC
  • Over 213 tradeable assets
  • Offers a range of asset classes
Weaknesses
  • It can be hard to find bid/ask spreads
77.77% of retail investor accounts lose money trading CFDs
42th

Betterment

Trader Rating
Strengths
  • No minimum account size
  • Clear and easy-to-use website
  • Tax-smart technology
  • A tremendous amount of education available
  • Great promotions
Weaknesses
  • Not enough payment methods
  • Traditional investing options, but not much else
  • Lack of control
43th

Changelly

Trader Rating
Strengths
  • More than 140 tradable cryptocurrencies
  • Low exchange fees when using digital coins to buy other tokens
  • It is effortless to use trading interface
  • Quality customer support offering
Weaknesses
  • High costs when using debit or credit cards
  • No educational offering
44th

Axiory

Trader Rating
Strengths
  • Fully regulated
  • Client funds are segregated
  • CFD trading with generous leverage
  • Choice of three different account types
  • New ALPHA account for the MT5 platform enables access to Exchange Stocks and Exchange ETFs
Weaknesses
  • No US clients
  • No cryptocurrencies
  • Limited amount of instruments
45th

SigFig

Trader Rating
Strengths
  • Low fees
  • Responsive customer support
  • Great usability
  • No annual fees
  • Free management for up to $10,000
Weaknesses
  • Lack of research/tools
  • $2000 minimum
46th

Netwealth

Trader Rating
Strengths
  • Fully-automated investment service
  • Expert financial advisors
  • UK firm with FCA regulation
  • Competitive fees
  • Diverse range of investment assets
Weaknesses
  • Cannot trade in or manage your own portfolio
  • No telephone support at night or on weekends
  • High minimum investment required of £50,000 unless part of a Netwealth Network
47th

Octa

Trader Rating
Strengths
  • Demo contest with real money prizes up to $500
  • Customised smart feed Space with free trading ideas from experts
  • Minimum Deposit $25
  • Ultra-low spreads
Weaknesses
  • No real stocks
48th

True Potential Investor

Trader Rating
Strengths
  • Easy-to-use platform and mobile app
  • Three popular account options and five different portfolio types
  • Professional-looking website
  • Great customer service
  • Award-winning fully-automated investment service
Weaknesses
  • No telephone support at night or on weekends
  • No personal pension withdrawals if you are under 55 years old
  • Cannot trade in or manage your own portfolio
49th

Binance

Trader Rating
Strengths
  • The variety of different crypto pairs available
  • Small The variety of different crypto pairs available
  • The largest crypto exchange globally
Weaknesses
  • No support via phone
  • May be difficult for beginners
50th

Kraken

Trader Rating
Strengths
  • 17 cryptocurrencies
  • Detailed FAQ area
  • No deposit fees
  • Faster bank account payments
  • EUR, USD, CAD and Yen can be traded
Weaknesses
  • Registration required for trading
  • Website in English and Japanese only
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