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
- High leverage, low spreads
- MT4 and MT5 offered
- More than 20 years in trading
Weaknesses
- Largely unregulated
- Fixed leverage on Micro account
Strengths
- Great selection of Forex currency pairs
- Top-quality customer support
- Competitive spreads for Forex trading
- Good selection of account types
- Offers generous promotions
Weaknesses
- Not regulated by FCA
- No US clients
- Only major stocks and indices available
Strengths
- Highly competitive fees and commissions
- Newly released suite of trading platforms
- Presents traders with more than six types of trading accounts
- Broker doesn’t maintain the common trade and account restrictions like minimum deposit, operating balance and inactivity fees
- Highly transparent with its client engagements, especially when it comes to fees and safety of deposits
Weaknesses
- You can only trade futures and not any other financial instruments like FX or shares with Generic trade
- Generic trade doesn’t have an auto trader and its trader platforms won’t support integration with a third party auto trader
- No educational or research materials on their website to help with decision making
Strengths
- $0 commissions available
- More than 40 years of experience
- Multiple platforms to choose from
Weaknesses
- Broker-assisted trade fees are high
Strengths
- Numerous premium partners, for example, eToro
- Transparent fees, which are presented in a way that users can understand
- Deposit with bank transfer and cryptocurrencies possible
- Accounts in USD are 100% secured by FDI
- Free deposits and the first 30 withdrawals are also free
Weaknesses
- Only Bitcoin and Ethereum tradable
- No bonus offers
Strengths
- Very strong research and education offerings
- Low minimum deposits
- Excellent global customer service
Weaknesses
- Average on pricing
- Do not have their own platform
Strengths
- A long history is the industry means the have craftred a well-trusted reputation
- The platforms are recently redesigned and have a very intuitive feel
- Pricing and fees from the broker are typically competitive
Weaknesses
- The minimum deposit can seem a little on the high side for some traders
- Customer support availability times could be improved on
Open Demo Account
74% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- Provides traders with an expansive range of tradable instruments
- Features a huge selection of education and research materials
- Supports multiple trading platforms including MetaTrader and WebTrader
- Allows traders to choose between standard and commission accounts
- Boasts of relatively low trading fees compared to its US peers
Weaknesses
- The maximum leverage isn’t available for all traded instruments
- Its WebTrader platform if fairly rigid and not easily customizable
- Trading platform features limited fundamental analysis tools
- Doesn’t support spread betting and binary options for futures traders
74% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Regulated by multiple organisations
- Over nine years of experience
- Offers a demo account
- Micro accounts with $5 minimum deposit available
Weaknesses
- Other brokers offer more instruments
Strengths
- Regulated
- VPS available for a discount
- Highly competitive commissions
Weaknesses
- Limited educational materials
- Limited trading tools
