Top Stock Brokers for 2024

We found 11 online brokers that are appropriate for Trading Stock.

Best Stock Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - April 23, 2024

Stock Brokers

A stockbroker is an individual or firm who provides services to facilitate the buying and selling of shares of stock in the stock market. A stockbroker, in general terms, is a financial advisor, investment counselor, trading agent, or, more generally, a wealth manager, investment analyst, or wealth builder. The appropriate regulatory body licenses them in their particular area of expertise. There are many types of stockbrokers available today.

Full-service stockbrokers can handle various investments, including securities transactions, mortgage loans, purchasing stocks, mutual funds, and more. The full-service brokerage firms are also able to handle stock exchange (exchange rate) related issues. Most individuals think about the types of stockbrokers when looking for a full-service brokerage firm.

Discount brokers carry out buy and sell orders at a lower commission rate than full-service brokers. In contrast to the latter, a discount broker does not provide any consulting services on investments nor perform analysis on investments on the behalf of the client. Only a select few individuals with an annual income above the average could afford a broker and access the stock market, hence discount brokers became prominent before advanced communications technology was developed.

The emergence of the internet led to an explosive rise of discount online brokers that allowed individuals with small capital to trade in stocks for reduced fees and with lesser capital. Accessing the stock market became more convenient with the use of the internet, therefore most discount stockbrokers offer services through online trading platforms. The term discount broker is almost synonymous with online stockbrokers.

What Do Stock Brokers Do?

Generally, stockbrokers are financial professionals who execute buy and sell orders on behalf of their clients. They manage the wealth portfolio of their existing clients and work to develop new businesses for clients.

Stockbrokers assist new investors in managing their assets and portfolio, but there are a few brokers that specialize only in the stock market and offer consulting services in trading. While these brokers are usually well-experienced in their field, some may lack sufficient knowledge and experience to effectively help someone beat the market. Trading specific stocks through these brokerage firms provides investors with the flexibility they need to manage their stocks properly. New investors and traders should only seek advice from a stockbroker who has years of experience dealing with the stock market.

Investors need to understand which stockbroker is the best for trading online. There are hundreds of online stock brokers available who can assist with day-to-day trading. Some online stock brokers specialize in fast trading while others are well known for their advanced trading platforms. Stock Brokers has gained popularity as more investors have become savvy and aware of how the stock market works. It is important to use a stockbroker who is well versed in the ins and outs of the stock market and knows how to analyze trends and changes in the market. Since time tends to fly by, investors want the ability to execute quick trades without waiting on the sidelines for the market to catch up.

Stockbrokers usually work for brokerage firms and handle the transactions for plenty of individual clients and institutional customers. These stockbrokers are usually on a commission basis with different rates depending on which type of broker it is i.e full-service or discount. The employer decides which method they should use for compensating brokers.

What Is A Stockbroker?

A stockbroker is a financial professional who facilitates the buying and selling of shares of stock or other securities in the stock market on the behalf of clients. In general, a stockbroker is licensed to provide financial advice and services to individuals and corporations for a fee or a commission. Their services include buying, selling, trading, and advising on mergers and acquisitions. A stockbroker can also give educational and motivational advice. Stockbrokers may offer services through stock exchanges or over the counter. Most brokers work with fund managers and financial institutions, others deal with retail investors.

Investors and traders need to access any major exchange platforms to buy and sell stocks. One must be a member of the exchange or be a part of a member firm to trade on the exchange platforms. Many individuals and member firms are licensed by regulatory authorities to be brokers.

A good stockbroker will be well versed in a wide variety of investment positions and prepared to advise their clients on the most suitable investments for their needs. Conversely, it is possible for an individual investor to buy stocks directly from the issuing company, but it can be an arduous task.

Even if an investor is experienced, buying the shares of a company that issues them can be extremely time-consuming if not challenging. For this reason, many business owners turn to a professional broker to take care of the complex tasks involved. By using a broker to manage their investments, business owners can run their businesses and care for their staff. In other words, working with a stockbroker is much simpler, saves time, and makes room for multi-tasking.

If you are considering stock market investments, then make sure you hire a professional stockbroker to manage your investments. There are many benefits to investing through a broker such as reaching multiple people at the same time. You can use stockbrokers to your advantage in both short-term and long-term market investments. Many brokers have a large selection of investment products, making it very easy for clients to find the type of security they are looking for. The only disadvantage of using a stockbroker's services is that they sometimes charge a fee for the advice they provide.

Understanding The Role Of A Stockbroker

Stockbrokers play a huge role in providing financial services to individual and institutional clients in their respective businesses. Their roles involve the following:

Monitoring the performance of the stock market.

Conducting market research on specific anomalies and analyzing the ongoing status of the market.

Incorporating the newest financial legislation into their current business practices.

The key role of a stockbroker is to ensure the client’s requirements are met by suggesting appropriate measures for their investments or managing their wealth portfolio. Brokers provide authentic and necessary information to the client regarding their investment, whether it is pointing out their options or informing them of the risk associated with their investment. They actively seek new clients to sell their services and manage their relationships with the client. Stockbrokers use networking and cold calling to their advantage in order to achieve their goals in assisting clients.

There are many types of stockbrokers, and the most common is the discount broker. To be a stockbroker in the United States, you have to hold a commission in the commission marketplace. This marketplace includes discount and full-service brokers and proprietary stockbrokers. A discount stockbroker has no direct interaction with clients and serves only as an independent agent for their affiliated brokerage firm.

Discount Brokers

These are the lowest-paid stockbrokers in the industry. They are typically hired by individual traders or large institutions such as hedge funds. The commission they receive from these trades is a small portion of what they earn on each trade. Many discount brokers work exclusively for one particular firm. They may work as independent or partial stockbrokers for several different firms as well. They do not provide personal consultations, tax planning, estate planning, financial advice, and market research services. Discount brokers may not offer any services to individuals with high net worth nor do they spend on closing deals with such individuals. As a discount broker, they may not provide any services to individuals with high net worth. Discount brokers allow clients to use their own account entering orders for executing calls in the securities industry. The range of services offered by discount brokers is usually aimed at self-directed investors and traders.

Online Brokers

Brokers have expanded their reach thanks to the rise of the internet and advancements in information technology. These advancements have allowed discount brokers to render their services through the virtual world at a faster and cheaper rate. It also makes it easier to access the market since technology is mostly automated. Internet and newer technology have catered to micro-investors as well which has opened doors to fractional stocks. These days, a great deal of accounts in the market are held by discount brokers while account owners act as managers.

Full-Service Brokers

These full-service brokers have the same access to institutional investors as their discount counterparts but at a much higher pay scale. These brokers can conduct buy and sell transactions on your behalf and not charge fees until their commission is due. Their range of services includes retirement planning, tax plans, and market research advice on managing finances.

As a full-service broker, you will have a wide range of investment options and have the opportunity to establish your own proprietary trading platform. Full-service brokers are not associated with any brokerage firms. They are ideal for individuals that are not familiar with complicated financial issues, such as estate planning and taxes. Full-service brokers are inclusive in terms of providing all the necessary investment and financial management services to clients who can use the convenient freedom these brokers provide. As the one-stop-shop for investors, full-service brokers have roots in fundamental market research, technical analysis tools, and order executions.

Requirements For Stockbrokers

Requirements for stockbrokers include a background in the marketplace. They must have an accredited degree related to the investment industry. Additionally, a minimum of five years of experience with securities exchanges is also required. Most full-service brokerages and firms will conduct a credit check and review of their prospective employees before offering them the job.

All investors in the United States must be members of the Security Exchange and Commission (SEC). There are various other requirements specific to different states and brokers. For instance, shareholders are required to have a minimum of one share of any security. In addition to requirements for investors, many countries and provinces have their own rules and regulations about stockbrokers. These rules and regulations vary from the SEC requirements. They often include a mandate for brokers to maintain minimum qualifications, restrictions on their activities, and reporting and filing information with the appropriate provincial government.

Full Service Brokerage Firms

Full-service brokerage firms provide advice and recommendations on stocks that the companies buy and sell them. These brokers are registered with the Securities and Exchange Commission and have to follow the same guidelines as other brokers. As such, these brokers cannot engage in transactions that might have a direct effect on their clients. This is why full-service brokers are usually recommended over independent agents.

Many investors find it easier to conduct their stock trading with the use of mobile apps. By using mobile apps, investors can access market data instantly which allows them to analyze charts and other information that is pertinent to them. The availability of the mobile app allows investors to make better choices due to the convenient access it provides, thus it can result in higher returns on their investments. Since most brokers now provide an easy-to-use mobile app, investors can now enjoy trading stocks through their smartphones.

Investing for beginners requires them to learn the ropes with the help of full-service brokers. However, there are a lot of discount brokers that offer free services for beginners and can aid them in learning how the stock market works. In addition, these brokers can offer advice to novice traders that significantly help them in beating the market successfully. However, since most full-service brokers have their own websites, it is difficult for beginners to learn more about the industry.

If you are interested in choosing stockbrokers, then consider the following:

When choosing stockbrokers on the web the first thing to consider is their reviews.

It is important to read reviews and collect feedback from their clients, if possible.

The next is to understand their features and know which are helpful to your style of investing.

Furthermore, the trading commissions should be reasonable and competitive. More cost means a good share of profit from your trading activity could be lost.

The stability and speed of a trading platform plays an important role in trading and it is suggested to use one of the latest and regulated ones.

Traders should deal with stockbrokers who provide state-of-the-art trading platforms.

Using a reputable stock broker that you can rely on as an investor in shares and stocks is essential to your success. Finding the best stock brokers in the industry is not an easy task. Here we discuss what to look for when picking a stockbroker. We list a few things your broker should have before you deposit money and trade.

Choosing an Online Stock Broker

In general online stock brokers are relatively safe. But there have been cases of individuals being the victims of cybercrimes where scammers gain access to their brokerage accounts and drain them of their investor funds. Most reputable online stock brokers provide enhanced security measures, including encryption, firewalls, and other added security measures, to keep your funds safe and secure from hackers.

Still, the sad reality is that a small percentage of online stock brokers are reckless enough to let their customers' information be used by unscrupulous 'skimming' criminals. These criminals may obtain information from your investment firm or bank account, including your social security number, date of birth, address, phone number, and more.

Regulation And Reputation

To be sure that you are working with a reputable and reliable online stockbroker, you should read up on his or her track record and the types of investments that they offer. For example, you should ask questions about how much experience the stockbroker has, what types of investments they are most successful with, how they respond to concerns about their products or services, etc.

Additionally, you should be aware of any restrictions or caps that the online broker has put on their investments and/or the amount of money allowed to be invested per month. It would be wise to contact other investors in the industry and find out how they have benefited from their use of the particular online stockbroker as well.

How to Choose the Best Online Stock Broker

Since the internet is full of online stock brokers, you should consider the factors that will affect your decision. For instance, you should find out if the particular broker charges a fee for each type of service that they provide, or if you simply have to pay a flat fee for all of the services that you need. Additionally, you may be able to get better deals if you use a discount broker rather than a full-service stockbroker. Finally, you may want to consider the amount of research time and effort you will have to invest in order to be successful with your investments.

Researching Your Investments

Many online stock brokers offer free research services where you can view charts of the various stocks that they offer, as well as information and data related to trends in the market. Unfortunately, many brokers do not provide this same information to their clients. Therefore, it is necessary for you to do your own research in order to determine which stocks are currently performing the best.

While many online brokers offer a wide selection of stocks and options for you to choose from, you should make sure that the research that you receive is as unbiased as possible. This is because different companies will typically have differing methods of determining the performance of their stocks.

Know Your Needs

A stockbroker can make for a valuable asset that you need to have on your side when it comes to buying and selling shares. However, there are many out there who want to take advantage of your needs to know more about these things. For this reason, it is important that you understand the importance of choosing the right broker before you open an account. Since it is your money involved here, you need to be 100% confident in the decision you make. After all, you only get one chance to make a good one.

The first thing you need to know about your stockbroker is their experience level. There is no point in choosing a broker who is new to the industry for you to trade in because even if they know what they are doing, it is unlikely that you will learn any tricks from them. Instead, choose someone who has been trading in the market for quite some time. This will ensure that your transactions are secure and reliable because experience always brings with it the assurance that things will go as smoothly as possible.

You should also consider how much experience the broker has in the field. The more years a broker has been carrying out their duties, the more familiar they will be in the market operations. This is also an indication of the amount of knowledge that they hold which will translate into greater services for you when you transact.

Stock Brokers and Assessing Trading Costs

When looking into becoming a stockbroker, one of the first things you'll want to find out is how much you'll be charged. There are a variety of different types of fees that can be charged, so it's important to know which type applies to your situation. Some types of fees that can be included with trading stocks are known as 'brokerage' fees and include such things as a commission (this fee is charged per transaction, not on a regular schedule), and other charges. You may be required to pay an annual or quarterly fee, depending on the firm you are dealing with.

Commission

The commission charged by a stockbroker varies depending on the company he works for. larger firms charge a minimum of one percent of all trades that are made, and some will charge up to two percent. If your trade results in a profit for you, that's great! However, if your trade results in losses for your brokerage firm, you will be charged for full commission, no matter what the outcome of your transaction was.

Brokerage Fee

This is one fee you will definitely have to pay when dealing with a brokerage firm. A brokerage fee is charged for the services related to maintaining your account. It's basically an investment to pay your broker every time you make a trade and receive your money back. Most brokers will expect you to maintain an account with them for a minimum of six months, so make sure you can commit to paying this fee.

Initial Fee

This fee is charged to you before the stockbroker starts to manage your account. Although this fee isn't normally included in your transaction cost, it's worth checking out just to be sure. It's also usually the most expensive fee that a stockbroker charges you, but there's no reason to spend more than you have to. This fee will be due when you first open your account. You will need to add this fee into your total transaction cost before paying out any commissions.

Trade Commission

This is another fee you will need to pay when working with a stockbroker. It is the commission that you will be paid by the stockbroker after they have made their sale of the shares of stock you own. This is generally pretty low, depending on which stockbroker you choose. Many people are unaware that they are actually entitled to a certain amount of money when making a trade. Most companies don't pay out as much as they are supposed to, and a lot of investors get cheated out of a few dollars by the companies. To be properly protected, you should always ask for the trade commission when working with a new stockbroker.

This is a competitive era and many stockbrokers offer zero-dollar brokerage costs to trade shares.

They earn from the spread, platform fee, market data fee, or routing fee. This is the reason the traders are suggested to first understand the format of fees collected by stockbrokers.

Test The Brokers Platform

With the advent of the Internet, many investors are now choosing to utilize a Stock Broker's Platform as opposed to hiring a full-service broker. Full-service brokers have more expertise and are able to perform a wider range of tasks such as execution trades, market trends analysis, advice on specific investments, as well as managing customer transactions.

However, with the availability of Stock Brokers on the Internet, it is now possible for the individual investor to take advantage of the full potential of a Stock Broker without having to hire an extensive amount of professional services. The Stock Broker's Platform is one of the best platforms that offer the investor the ability to perform a multitude of tasks. This is made possible by the use of a web-based interface that makes it easy to navigate the client accounts.

Most Stock Brokers provide a number of different platforms. These include but are not limited to: Trading, Research, Self-Directed, and Full-Service Brokers. Each platform has its own set of benefits and drawbacks. Many investors tend to opt for Full-Service Brokers as they believe this type of Broker offers extensive services and advantages. On the contrary, many Full-Service Brokers have limited or no customer service support. Most investors need to have their questions answered within a 24-hour time frame.

The Trading Platform is the backbone of all Forex Trading Platforms. The Stock Broker has to be fast, accurate, and flexible to be at par with the fast-moving market trends. Many of the new Forex Traders choose the Stockbroker's platforms which allow them to trade in the foreign exchange market using their preferred currencies. This grants the trader the ability to trade from any location in the world at any time.

Stock Brokers Trading Platform

Dealing with online stock brokers means relying mostly on their trading platforms, which are categorized into three forms - a web version, a desktop version, and mobile versions.

The trading tools are highly helpful to clients while trading and some of the important features to discuss here include advanced charting, virtual trading, hotkeys, scanning, backtesting, ladder trading, and so on.

Stock Brokers and Services

Stock brokers offer more than just options and stock trading. They offer ETFs, futures, mutual funds, and even Forex.

Ease Of Moving Funds

Stock Broker Ease of transferring funds: This is a very important factor. A Stock Broker plays an important role in the transfer of funds from one financial institution to another. They have their offices in many places across the country and can easily be reached through phone, fax, email, or their website. The most common types of financial transactions made by Stock Brokers are stock purchase and sale. Other financial transactions that a Stock Broker may help with include fund transfer, investment securities, options transactions, and foreign exchange (Forex) transactions.

What if I need to transfer funds to an Index Certificate or other type of financial investment? When you want to transfer money between accounts, you should talk with the people you are using to transfer the funds to make sure that they will accept the funding. Most stockbrokers will accept funds between several accounts. However, you should read all of the terms and conditions for each type of financial investment before you transfer. Some types of investments, like index certificates, are subject to specific minimum distributions.

Stock Brokers and Customer Service Support

All the online stock brokers offer customer service support but it is important to know whether they are available 24/7.

For international clients, it is important that customer service support should be throughout the day and night due to differences in time zones.

The brokerage team should answer emails within a day or two even faster preferably to any serious queries.

Stock Research

Even though stockbrokers have all the knowledge about stocks, it is important for traders to do some research, both fundamental and technical.

In fundamental research, traders can explore metrics of the companies like earnings per share, earnings growth, sales growth, debt, and market capitalization.

In technical research, the traders learn about reading stock charts and analyzing the price performance. This helps in predicting the price direction.

Stock Brokers and Regulation

It is important that stockbrokers should be regulated by a government-backed agency.

In the United States they are governed by the SEC and added to this they need to be members of the SIPC as well as FINRA.

In the UK Stock brokers are regulated by the FCA. The FCA is shorthand for the Financial Conduct Authority of the United Kingdom.

In Australia stock brokers are regulated by ASIC. ASIC is shorthand for Australian Securities and Investment Commission.

In South Africa stockbrokers are overseen by The FSCA of South Africa.

To find out whether the stockbrokers are regulated, it is recommended to look at the footer of their website to read disclosures.

They can be verified from the website of the regulatory authorities from which they are licensed.

Safety and Security

Safety and security are important in online trading. Well-known stock brokers provide the best in the industry safety and security to clients.

Their websites are SSL encrypted, which means the transactions are processed without revealing login and payment credentials to anyone.

Stock Broker Account Opening Criteria

Some stockbrokers will require a minimum deposit from you. Minimum deposits average between $100 - $200. Do not be put off by the minimum deposit. As long as your broker is reputable and well regulated, it is safe to make the deposit.

Brokers that have a minimum deposit may offer more trading features that you might find useful. Do your own research. If you are lucky, some stockbrokers may even open your account without a minimum deposit.

Please note that brokers have a minimum deposit amount that is required to open a trading account. But there is another minimum stock or share trading amount. So you might not be able to spend 50 cents or 50p on shares for example.

Stock Broker Fees and Commissions

If any individual or firm claims to be the best stock broker, try to find out what commissions or fees are being charged. Find out how often the charges are taken from you. Currently, most stockbrokers are in the race of reducing commissions and fees, but they try to make that money back in other ways. They ask for commissions or fees on each trade and this may become costly to you. A genuine stockbroker will always justify the charges competitively without asking too much or too little.

Reduce Risk

Diversification reduces risks. This means if your money is invested in several assets, there are fewer chances of losing more than earning.

Investing with a Stock Broker

Once you have selected a well-established stock broker it is important to decide what amount you are comfortable with investing. Never invest more than you can afford to lose. The financial markets go down as well as up. With the use of broker financial tools, you should decide whether to invest in an individual stock or spread your investment over several shares.

Investors need to decide if they are investing for the long term, say for about a period of 25 or 30 years. Know how much is to be invested into stocks and how much is in bond funds.

If your investment criteria are short-term, it is better to opt for short-term investments. Stocks are thought of as more longer-term investments. Forex and CFD trading and seen as short-term investments due to Forex and CFD having more fluctuating markets.

Trading for Beginners

If you are a beginner and want to make money by trading in financial markets, it is highly recommended that you register with multiple stockbrokers and make full use of every educational resource the brokers offer.

You need to dedicate much time to researching and analyzing the market trend to avoid missing opportunities of buying at a lower price and selling at a higher price and making a loss.

You can make fewer losses if your strategy is a diversified investment and invested over a longer term. Please do your own research and make you know what you are doing before trading on live markets.

Stock Brokers Verdict

There are many professional stockbrokers that can help you in managing your investment portfolio. These professionals make trading faster and easier for better conduct.

While choosing stockbrokers it is important to deal with one who is regulated by a regulatory authority and provides a state-of-the-art trading platform.

Read reviews of brokers so it is easier to know who is comparatively better.

We have conducted extensive research and analysis on over multiple data points on Stock Brokers to present you with a comprehensive guide that can help you find the most suitable Stock Brokers. Below we shortlist what we think are the best stock brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Stock Brokers.

Reputable Stock Brokers Checklist

Selecting a reliable and reputable online Stock trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Stock more confidently.

Selecting the right online Stock trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Stock Brokers in Our Brokerage Comparison Table

When choosing a broker for stock trading, it's essential to compare the different options available to you. Our stock brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a stock broker that best suits your needs and preferences for stock. Our stock broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Stock Brokers of 2024 compared

Here are the top Stock Brokers.

Compare stock brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a stock broker, it's crucial to compare several factors to choose the right one for your stock needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are stock brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more stock brokers that accept stock clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 142,500+ 10,000+ 1,866,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
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etoro
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Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
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FP Markets
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easyMarkets
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SpreadEx
Demo
FxPro
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Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All Stock brokers in more detail

You can compare Stock Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Stock Brokers for 2024 article further below. You can see it now by clicking here

We have listed top Stock brokers below.

Stock Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits