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
- No minimum for opening an account
- Cryptocurrency trading is available
- Trading is affordable
Weaknesses
- Only offers a limited range of instruments
- Limited customer support
Strengths
- Award-winning CFD and spread-betting broker
- Spread betting allowed for UK residents
- Provides access to markets in over 7,000 instruments in nine asset classes
- Offers vanilla options
- Supports MetaTrader 4 (MT4)
Weaknesses
- Does not accept PayPal deposits
- Charges a 2% deposit fee for using credit cards
- Can’t withdraw less than £50 unless closing account
Strengths
- Widely respected regulation by some of the top bodies in world finance
- A huge catalogue of tradable assets to choose from
- Long experience in the sector and partnership with some of the top trading platforms
Weaknesses
- The broker website is not always easy and clear to navigate
Strengths
- There is a low minimum deposit to open an account
- They provide 24/5 customer service access via live chat, phone and email
- The company provides negative balance protection on all but professional accounts
- They are regulated in the U.K. by the Financial Conduct Authority (FCA) and in the E.U. by CySEC
Weaknesses
- The company offers relatively few tradable assets
- They lack a Virtual Private Server (VPS)
- The English language version of their website is written poorly
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
- Caters well to Forex traders
- Competitive spreads
- Variety of account types
- Good selection of payment methods
- Copy-trading feature
Weaknesses
- Only caters to Forex traders ignoring other asset classes
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
- Maintains a simplistic and relatively easy to use website
- 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
- doesn’t have an auto trader and its trader platforms won’t support integration with a third party auto trader
- Brand 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
- High leverage, low spreads
- MT4 and MT5 offered
- More than 20 years in trading
Weaknesses
- Largely unregulated
- Fixed leverage on Micro account
