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
- Low trading costs
- Traders can get access to the world market with a GetStocks brokerage account
- Competitive fees and charges
- You can trade socially with the assurance that you cannot lose your money
- No custodian fee is charged
Weaknesses
- Lack of demo account to practice trading before you trade in the real world
- Lack of enough tutorials on how to trade
Strengths
- Boasts of relatively competitive trading fees for both retail and high-volume traders
- Embraces both in-house and advanced third party trading tools
- Is one of the few discount brokerages that offer extended trade hours in the pre- and post-market trade sessions where orders are processed via an ECN
- It’s licensed and regulated by multiple financial agencies around the world
- Presents its clients with multiple flexible and inexpensive account funding options
Weaknesses
- Doesn’t operate fixed spread/commission accounts and fees are variable
- Trader accounts can’t be hosted of the highly versatile MetaTrader platforms
- One may consider the $2,500 minimum account opening deposit quite restrictive
- Specializes in day trading, it doesn’t expose its clients to the all-popular forex and crypto markets
Strengths
- Low fees if you are an active trader
- Great quality of customer support
- Top-quality trading platforms
- Strong education center
- Client funds are very well protected
Weaknesses
- Specially designed to cater to institutional traders and extremely active high-volume day traders
- The minimum $4.50 charge proves too expensive for casual and infrequent traders
- Limited funding options
- Limited funding options
Strengths
- Perfect for investors with large account balances
- Huge mutual fund selection and low-cost ETFs
- Leader in low cost funds
Weaknesses
- Not friendly for beginners or for active traders
- High trading commission
- Limited data and research facilities available
Strengths
- Caters well to Forex traders
- Competitive spreads
- Variety of account types
- Good selection of payment methods
- Copy-trading feature
Weaknesses
- Has smaller range of asset classes than competitors
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
