AskTraders broker reviews Ranking (32)

1st

eToro

Trader Rating

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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

2nd

Forex.com

Trader Rating

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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

3rd

Vanguard

Trader Rating

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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

4th

Motif Investing

Trader Rating

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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

5th

Coinmama

Trader Rating

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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

6th

WealthSimple

Trader Rating

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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

7th

Personal Capital

Trader Rating

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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

8th

SigFig

Trader Rating

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Strengths

• Low fees
• Responsive customer support
• Great usability
• No annual fees
• Free management for up to $10,000

Weaknesses

• Lack of research/tools
• $2000 minimum

Note: 76.4% of Forex retail accounts lose money

9th

Betterment

Trader Rating

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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

10th

CEX.IO

Trader Rating

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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