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
- Extensive range of financial assets
- Zero charges or commission on any product
- Zero fees on deposits or withdrawal
- Funding can be done via various methods
- Availability of demo account for practice
Weaknesses
- Not CySec regulated
- Only one bonus
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
- Solid regulation
- Robust in-house trading platform
- Various social trading options
Weaknesses
- High admin fees for inactive accounts
- Not particularly competitive on spreads
- Only a 30-day 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.
Strengths
- Equinix NY4 order matching engine makes it perfect for automated trading
- Raw spread accounts with trading from 0.0 pips
- Free demo account
- Average EUR/USD spreads from 0.1
- Quick execution speed with trades completed on average under 40ms
Weaknesses
- Caters mainly to the Australian market
- No major awards
- Limited exotic currency pairs
Open Demo Account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.61% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- Fully regulated
- Client funds are segregated
- Good choice of account types
- Risk-free demo account
- Negative balance protection
Weaknesses
- Limited amount of instruments
- Limited amount of cryptocurrencies
- Withdrawal fees are charged
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.61% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Range of assets supported
- Offers plenty of educational content
Weaknesses
- Website seems dated
- $5,000 minimum deposit
Strengths
- Great social trading features
- Support for MetaTrader 5 included as standard
- Daily market report available to users of the platform
- 1nsight trading tool allows you to make data-driven trading decisions
- High levels of regulatory compliance and customer protection
Weaknesses
- Selection of forex pairs not as extensive as other platforms
- The basic ‘Mini’ account lacks some of the advanced features to which the other account types provide access
Strengths
- High levels of account and deposit protection
- Great selection of US/UK/EU/AU/HK stock CFDs
- Forex ECN and STP trading
- 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
Strengths
- Regulated by FCA and BaFin
- Founded in 2008
- Several customer-support options
- Risk management feature
Weaknesses
- No Islamic account
- No comments
Strengths
- Free trading on stocks, options, mutual funds, and ETFs
- Easy to use interface
- Transparent pricing structure
- Special promotions for new customers
Weaknesses
- Not good for traders who need portfolio management advice
- No managed accounts or Robo advisor services
- No desktop platform means it is not ideal for highly active traders
Strengths
- It has been operating since 2001
- Serves clients in many countries globally
- Offers numerous research and analysis tools
- Competitive fee structure
- Choice of multiple trading platforms
Weaknesses
- Does not offer 24/5 customer support
