We found 11 online brokers that are appropriate for Trading .
Have you already had a trading account? Of course, if you are planning to actively trade on financial markets you will need a reputable online trading platform, you should have your own account that you know inside out.
When talking about trading accounts, there are a wide range of types to choose from. Therefore, you need to be specific about the type of account by classifying it based on several factors.
Basically, every person who trades should have a ledger to record all transactions made in his / her name. Not only the transactions, but the ledger also keeps track of all commodities, securities, and other kinds of investment, this is the function brokerage accounts perform.
When we are discussing trading accounts, it could refer to many things, it could also mean tax-deferred retirement accounts. Trading accounts and investment accounts differ and can be identified by looking at the certain factors which includes the purpose, level, and the risks involved in the trading activities.
All trading accounts should follow the definitions and standards of FINRA (Financial Industry Regulatory Authority) and its regulations.
Most of the time, trading accounts focus on day trading. There is a certain level of activity that should be met before it can be considered a day trading account. A day trading account should make more than four transactions in an average of five days.
This number indicates that the day trading account shall has the opportunity to execute day trades in an average of more than 6% of their whole trading summary during this period. Only when this condition is met, then the owner of the account can be considered a day trader.
However, there are also requirements for margin and capital maintenance which all day traders are subjected to. That shows how hard becoming a day trader is.
There is also a way for brokerage firms to classify their clients as pattern day traders. Brokerages may look up the clients previous businesses for example, or any activity that could relate to their current financial pattern.
Only then the firm would allow the opening either for margin or cash accounts. Margin is usually the preferred choice for day traders. That is why FINRA requires a certain margin limit for pattern day traders.
When you want to have a trading account, there is a little personal information one should provide. Contact details and social security numbers are required as part of the brokers regulatory obligations.
Depending on the brokerage firm itself, there might be additional personal data the clients should provide. Nevertheless, each firm should have its own regulatory standards which apply to all clients.
There is a huge distinction between the pattern day trading accounts and the ones with non-pattern.
There is a regulation called the maintenance requirements for all the pattern day trading accounts. To put it simply, it is the minimum level of equity that follows the regulations made by brokerage firms. However, the regulations also have minimum requirements.
Usually, the minimum amount would be about 25% from Regulation T level stipulations. But the common practice stays in the range of 30% - 50%. However, depending on the nature of the clients, a brokerage firm could set the minimum requirements. This could happen to stimulate potential clients to register as members of the brokerage firm.
Global trading platforms need something to maintain their systems so that all the online trading activities run well. Margin requirements are needed so that all the margin accounts-based traders would be able to repair their loans with their leveraged investments. This way, the credit risk could be reduced significantly so that those brokerage firms would not consistently be harmed by incapable traders.
All the traders should have been able to maintain their equity level for at least 25% of their total investment value. When a trader fails to fulfill this requirement, then the broker might perform a margin call to the client.
This requires traders to deposit additional amounts of assets as the collateral of their accounts. Failure to satisfy this obligation would lead to assets liquidations to redeem the margin loans. Even if after liquidation the loan still has an outstanding balance, the margin trader would need to repay this outstanding separately.
Trading accounts are not much different than investment accounts, they have many similar aspects to compare, and almost indifferentiable from one another. However, people would usually use this term to refer to the accounts which traders use to make securities transactions.
Although there is so little personal information you should provide to the brokerage firms, you still have to fulfill the minimum margin requirements which is set and observed by FINRA.
We've collected thousands of datapoints and written a guide to help you find the best Trading Account 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 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 .
Compare min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are . Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more that accept clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), 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 | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, 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 avatrade |
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Up with fpmarkets |
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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 | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | 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 |
AvaTrade Demo |
FP Markets 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | 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 ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top below.