We found 11 online brokers that are appropriate for Trading .
You cannot trade without working with the right broker. The broker you use to trade is crucial to your trading activity?
If you have just started, a brokerage site is a pivotal service which can facilitate your trading activity. Before indulging deeper with your trading activity, you will want to know the real definition of the broker first.
When it comes to defining the broker, we firstly need to specify in which field. In a nutshell, a broker is an independent party ( can be a company or individual ) which organizes the financial transactions on behalf of their clients.
When it comes to trading, the broker can handle the transactions on your behalf with different financial products such as Forex, stocks, and so on. The broker will normally change a commission in each order they execute.
The broker can extend their service to provide you with valuable information about the market and give you comprehensive and unbiased advice of the opportunities in the market. Therefore, it will help you to determine which products you want to buy or sell.
But to be able to grant this, you need to make sure that the broker has a license to operate. Self-proclaimed brokers are likely to be scammers or people who are not responsible for what they are doing.
A broker is not a one-size-fits-for-all solution. There are different types of brokers which you can work with.
Although some experts define the dozens brokers roles, there are actually four main types of broker in the world of trading: stock broker, Forex broker, full service broker, and discount broker.
Each broker has its own role and advantages. But before pinpointing the exact broker that you will want to hire, you will need to know the main differences between the broker types.
Stock broker is one of the most common types of broker. The traders also know this as an 'investment broker'.
As mentioned, this party will conduct all of the transactions on your behalf. The stock broker will manage and execute the buying and sel;ling activities.
There is a good reason for using the stock broker service. The individual investors are not able to buy shares directly from the stock market because of the complicated regulations.
Here is where the stock broker plays the role. The stock broker will do as you instruct to buy and sell the stocks. In some cases, brokers can be a good source for your second opinion as well.
As the name suggests, it is the type of broker who conducts the activity in the Forex trading. This party will buy and sell the currencies on your behalf.
The Good thing about the Forex broker is that you can profit while you sleep. The Forex broker comes with 24-hour market access.
It also comes with the ability to speculate on any currency pairs that you want. The Forex brokers will try to minimize the costs to stay competitive.
When you hire them for trading Forex, they will charge certain fees. That includes the fees in the spread. Well, it takes a lot of skills and effort to make the great transactions for you.
If you have known about the Forex for a while, it would be sensible for you to hire a Forex broker to help you to make profits.
Full service broker does not stop only executing the orders on your behalf. They are also working as your financial advisers.
Full service brokers also offer more than one service. Besides the core service like brokerage, they also offer you different services like investment planning, retirement planning, tax advice, and many more.
As they offer more services, you would expect to spend more bucks to use their services. Although many people can take the full service broker as their companion for only executing orders, they are also open to the possibilities to go further with many other services.
If you have set your plan, or want to have a long-term investment, consider to work with full service brokers. It is also a great idea to hire full service brokers for a more diversified portfolio.
You might have guessed what discount broker means. The discount broker is a broker which charges lower commision because they only offer services of orders execution.
That means they do not offer other services like financial advice, retirement plan, investment plan, etc. They will solely execute the orders for you for a good rate.
In common practice, the discount broker services tend to be more affordable than the other broker types fees.
Finding the right broker for you might be challenging because not all brokers can answer to your demands. You must determine your investing style and needs first before locating the brokers.
You could simply pick the most affordable brokers if you simply want to save a lot of money. But then, you must realize that there is no one size fits all the options.
The best broker for you is the one which can cater for your needs and requirements.
You can see our recommendations below so that you can compare your options.
We've collected thousands of datapoints and written a guide to help you find the best Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Brokers.
Compare Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more brokers that accept clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with roboforex |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | Losses can exceed deposits | 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare 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 Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Brokers below.