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
- 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
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
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
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
Learn More
Trading Forex or CFDs carries a high level of risk to your invested capital. You may lose more than your initial deposit. The information provided on this website is general in nature and should not be considered as financial advice. Please review all legal documents carefully and ensure that you fully understand the risks before engaging in any trading activity.
Full Review
Strengths
- FSCA-regulated through a licensed South African entity (FSP 54857), with a UK paying agent registered at Companies House
- Simple, transparent three-tier account structure with progressive spread discounts of up to 75% and swap discounts of up to 60%
- TradingView charting integrated across web and mobile platforms, rare for a proprietary-platform broker
- Broad payment method coverage including Apple Pay, Google Pay, PayPal, Skrill, Neteller, AstroPay and MuchBetter
- Free demo account with no deposit required, real-time prices and built-in guidance for new traders
Weaknesses
- FSCA regulation is a credible Tier-2 framework but does not carry FCA or CySEC-equivalent investor compensation cover
- Minimum deposit thresholds, inactivity fees and withdrawal processing times are not published on the public site
- No MetaTrader 4, MetaTrader 5 or cTrader support, restrictive for algorithmic and EA-reliant traders
- Published spread tables are not disclosed on the front-end, requiring traders to verify pricing in-platform
Trading Forex or CFDs carries a high level of risk to your invested capital. You may lose more than your initial deposit. The information provided on this website is general in nature and should not be considered as financial advice. Please review all legal documents carefully and ensure that you fully understand the risks before engaging in any trading activity.
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
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
Open Demo Account
Risk Warning: 82% of retail investor accounts lose money when trading CFDs with ActivTrades. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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
- Additional client funds insurance up to £1,000,000 via Lloyd’s of London — above and beyond FCA requirements
- Four platforms supported: ActivTrader, MT4, MT5, and TradingView — broad choice for retail and advanced traders
- No minimum deposit in all entities (FCA/CMVM), with commission-free forex trading and spreads from 0.5 pips
Weaknesses
- Commodity and index spreads exceed the industry average — gold and crude oil costs compare unfavourably
- No ECN or raw-spread account option, limiting appeal for high-volume scalpers
- No crypto CFDs for FCA-regulated UK clients; social/copy trading features are also absent
Risk Warning: 82% of retail investor accounts lose money when trading CFDs with ActivTrades. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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
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
