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.
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
Strengths
- Fully licensed and well-regulated by the NFA and FINRA
- Provide a range of trading opportunities within the US Marketplace
- Very competitive fees and commissions
Weaknesses
- The range of markets could be expanded to help attract a larger base of traders
- Website layout feels too simple and a little outdated
Strengths
- Competitive spreads
- Wide array of payment methods
- Solid trading platforms
- Good selection of different accounts
Weaknesses
- Significant transaction fees
- Lack of non-currency investment products
Strengths
- More than 40 years of experience
- Regulated by multiple bodies around the world
- Winner of multiple awards
Weaknesses
- Some brokers offer more trading instruments
Open Demo Account
75% of retail investor accounts lose money when trading CFDs with this provider.
Full Review
Strengths
- A trusted broker regulated by Tier-1 authorities
- An impressive range of trading platforms including TradingView
- Neat additional services, some of which are unique to the broker
- Transparent pricing and no hidden fees
- Great functionality on the mobile App
Weaknesses
- Inactivity fees are applied on accounts which are dormant for more than12 months
- MT4 trading platform only supports 100 markets
- Bid-offer spreads are in line with the peer group rather than exceptional
75% of retail investor accounts lose money when trading CFDs with this provider.
Strengths
- Low brokerage fees
- Account is easy to set up
- Regulated by the Securities Commission Malaysia (SC)
- Provides educational videos on investment and market research
- Comprehensive guide on using the platform in video format
Weaknesses
- Platform does not provide Initial Public Offering (IPO) for investments
- Issues with the platform whereby trades were reported not executed
- Extra steps required to attend the annual general meeting (AGM) / Extraordinary general meeting (EGM)
- No demo account available
Strengths
- No minimum deposit to open an account
- Incredibly popular, indicating that it has something to offer clients
- Has earned numerous honours and awards
Weaknesses
- Only 300 or so instruments to trade
- No GBP account, just USD, EUR, and RUB
Strengths
- Access to human advisors
- Solid customer service/support
- Array of payment methods
- Socially conscious investing
- Free commissions on trades
Weaknesses
- Limited trading options
- Lack of tools/research
- Management Fees are high
