Updated: 20 May 2021

AskTraders broker reviews Ranking (31)

1st

Forex.com

Trader Rating
Open Demo Account 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
  • Makes it possible for traders to choose between standard and commission accounts
  • Boasts of relatively trading fees compared to most other U.S based brokers
Weaknesses
  • The maximum leverage isn’t available to all the trading instruments
  • Its WebTrader platform if fairly rigid and not easily customizable
  • Forex.com trading platforms feature limited fundamental analysis tools
  • Doesn’t support binary options for futures traders
Note: 76.4% of Forex retail accounts lose money
2nd

eToro

Trader Rating
Open Demo Account Full Review
Strengths
  • Easy to buy crypto
  • No fees for deposits or withdrawals
  • Lots of cryptos to choose from
Weaknesses
Note: 76.4% of Forex retail accounts lose money
3rd

Betterment

Trader Rating
Open Demo Account Full Review
Strengths
  • No minimum deposit size
  • Clear and easy-to-use website
  • Tax-smart technology
  • A tremendous amount of education available
  • Great promotions
Weaknesses
  • Not enough payment methods
  • Traditional investing options, but not much else
  • Lack of control
Note: 76.4% of Forex retail accounts lose money
4th

CEX.IO

Trader Rating
Open Demo Account Full Review
Strengths
  • Their transparent pricing structure for all products
  • They have fast approval times for account opening and identity verification
  • They provide quick access to digital coins
Weaknesses
  • High fees for deposits with credit card
Note: 76.4% of Forex retail accounts lose money
5th

Changelly

Trader Rating
Open Demo Account Full Review
Strengths
  • More than 140 tradable cryptocurrencies
  • Low exchange fees when using digital coins to buy other tokens
  • It is effortless to use trading interface
  • Quality customer support offering
Weaknesses
  • High costs when using debit or credit cards
  • No educational offering
Note: 76.4% of Forex retail accounts lose money
6th

Vanguard

Trader Rating
Open Demo Account Full Review
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
Note: 76.4% of Forex retail accounts lose money
7th

Motif Investing

Trader Rating
Open Demo Account Full Review
Strengths
  • Incredible for traders looking to diversify
  • A great platform for socially conscious traders
  • The cost per trade is minimal
  • Clean layout and easy to understand/use
  • Access to IPOs
Weaknesses
  • Option trades are not an option on the Motif Investing platform
  • No mutual funds are available
  • Customer support is lacking - it’s not 24/7 at all, and there’s no live chat option
  • Lacking education/tools
Note: 76.4% of Forex retail accounts lose money
8th

Coinmama

Trader Rating
Open Demo Account Full Review
Strengths
  • Extremely easy to use
  • You do not hold any tokens or funds on the Coinmama site
  • Good selection of popular cryptocurrencies
  • 24/7 email support
  • Ability to buy cryptocurrencies using credit or debit cards
Weaknesses
  • High trading fees
  • High credit card/debit card fees
  • No phone or live chat support
Note: 76.4% of Forex retail accounts lose money
9th

WealthSimple

Trader Rating
Open Demo Account Full Review
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
Note: 76.4% of Forex retail accounts lose money
10th

Personal Capital

Trader Rating
Open Demo Account Full Review
Strengths
  • Automated investment management with human advisors
  • Tax optimization strategies
  • Customized portfolio
  • Financial decision support
  • Custom allocation of assets
Weaknesses
  • High management fees
  • The minimum investment is $100,000 which rules out many inventors
  • Asset allocation is not customizable
  • Budgeting tool is available on the mobile app but not within the website
Note: 76.4% of Forex retail accounts lose money