Updated: 18 August 2021


AskTraders broker reviews Ranking (33)

1st

Moneyfarm

Trader Rating
Strengths
  • Fully-automated investment service
  • One of the largest robo-advisors
  • Tailored investment and saving strategies
  • Good mobile app
  • UK office with FCA regulation
Weaknesses
  • Lacks 24/7 customer support
  • Cannot trade in or manage your own portfolio
  • Missing an ethical investing option
  • No demo account
Note: 76.4% of Forex retail accounts lose money
2nd

Admiral Markets

Trader Rating
Strengths
  • Impressive education and solid research
  • Impressive range of assets to trade
  • MT4/ MT5 platforms do have add ins
Weaknesses
  • No bespoke platform, MT4/ MT5 only
  • Demo account expires after 30 days
  • Trading commissions on some accounts
Note: 76.4% of Forex retail accounts lose money
3rd

Tickmill

Trader Rating
Strengths
  • Regulated by the FCA
  • More than 200 million trades
  • Nice range of assets
Weaknesses
  • No ability to choose a trading platform
  • No 24/7 customer support
Note: 76.4% of Forex retail accounts lose money
4th

Scalable Capital

Trader Rating
Strengths
  • Fully-automated investment service
  • Account backing by BlackRock
  • Robust risk management technology
  • Pricing is transparent and straightforward
  • Uses ETFs to keeps costs affordable
Weaknesses
  • High minimum deposit of £10,000
  • Better fees elsewhere
  • No telephone support on weekends or overnight
  • Reduced control over investments versus managing your own portfolio
Note: 76.4% of Forex retail accounts lose money
5th

Bitstamp

Trader Rating
Strengths
  • 5 cryptocurrencies tradable
  • Fees transparent and between 0.10% and 0.25%
  • Regular software updates
  • Crowned as the startup of 2014
Weaknesses
  • Only in English
  • Costs when paying by bank transfer
  • Credit card deposit and withdrawal fees
Note: 76.4% of Forex retail accounts lose money
6th

StormGain

Trader Rating
Strengths
  • Multilingual website
  • Loyalty program and bonuses
  • Security
  • Ability to buy cryptocurrency using bank cards
  • 24/7 customer support
Weaknesses
  • Replenishment of accounts only possible with cryptocurrencies
  • StormGain is currently not regulated. However, the StormGain legal team provides adequate control
  • Only cryptocurrencies can be withdrawn from the platform
Note: 76.4% of Forex retail accounts lose money
7th

Trade Nation

Trader Rating
Strengths
  • Fully regulated
  • Client funds are segregated
  • Fixed spreads & spreads from zero
  • Risk-free demo account
  • Free trading signals
Weaknesses
  • Limited amount of instruments in some asset classes
  • No cryptocurrencies
  • No social trading
Note: 76.4% of Forex retail accounts lose money
8th

Nutmeg

Trader Rating
Strengths
  • Fully-automated investment service
  • UK firm regulated by the FCA
  • Top managed portfolios based on a large range of ETFs
  • Cost-efficient and transparent pricing structure with discounts for higher balances
  • Friendly and reliable customer service
Weaknesses
  • Cannot trade in your own portfolio
  • No telephone support at night or on weekends
  • Reduced control over investments versus managing your own portfolio
Note: 76.4% of Forex retail accounts lose money
9th

Ayondo

Trader Rating
Strengths
  • Regulated by FCA and BaFin
  • Founded in 2008
  • Several customer-support options
  • Risk management feature
Weaknesses
  • No Islamic account
  • No comments
Note: 76.4% of Forex retail accounts lose money
10th

Swissquote

Trader Rating
Strengths
  • Excellent robo advisory service on offer
  • Well-regulated broker with stringent customer trust and safety practices
  • No inactivity fees on accounts
  • Excellent brand reputation
Weaknesses
  • Not the most competitive spreads out there
  • Social trading features could be better
  • Limited withdrawal and deposit options
Note: 76.4% of Forex retail accounts lose money