Best Trading Brokers

Choosing from the many online brokers is one of the most important decisions for all investors who wish to be successful. It is of paramount importance that you only use brokers that are trusted, established and provide excellent products and services. They should offer you suitable platforms, regulation, a wide range of assets, flexible leverage, multiple funding options, first class customer support and more.

With so many brokers providing a range of investment products to clients across the globe, you can be selective on which brokerage you opt to use depending on your own individual requirements. To help both retail and institutional traders of all expertise levels find the best trading brokers according to their own needs, we have compiled detailed broker reviews, broker ratings and a broker comparison tool, based on our extensive analysis over thousands of hours across hundreds of trading brokers.

Top 5 Trading Brokers

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA

Min $100 Deposit

2006

1:400

71% of retail investor accounts lose money when trading CFDs with this provider.
2.

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 Deposit

1974

1:200

75% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA

Min $200 Deposit

2010

1:30

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, IFSC, DFSA

Min $5 Deposit

2009

1:888

78.28% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

Min $200 Deposit

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade

AvaTrade earns a spot in our best brokers list. This brokerage provides online trading services to over 200,000+ clients across the globe. They process a monthly trading volume of around £60 billion making them one of the largest online brokers.

AvaTrade is an award-winning online brokerage that has offices located in multiple countries and offer 24/5 support in 14 languages. They have some of the best available online trading conditions, with reliable execution speeds, tight spreads and no commission fees.

Best Online Brokers: AvaTrade Review

Best Online Brokers: AvaTrade Review

They have one of the largest selections of trading instruments available from any online broker, providing traders with over 250+ instruments across different markets to trade online, including forex, CFDs and cryptocurrencies. There are a range of free trading platforms to choose from, suitable for all different experience levels and style of trader.

In addition to a vast range of investment products, AvaTrade also provides traders with a wide range of sophisticated trading tools to assist with trading and educational materials to help improve trading knowledge and skills.

AvaTrade is authorised and regulated across 5 continents by 6 regulatory authorities. This is an impressive number of regulators that helps to show they are a secure and reliable online broker that must abide to the rules and regulations set out to protect investors.

Their huge sponsorship deals over the years help to emphasise the global strength of the AvaTrade brokerage brand within the online trading industry. You can read our full AvaTrade Review to find out more about why we consider them as one of the best online brokers.

AvaTrade Pros/Cons
ProsCons
250+ trading instrumentsNo US clients
No commissionsMin $100 deposit
Good trade execution speeds
Broad selection of trading tools
Educational materials
Strict regulation across 5 continents
AvaTrade Logo

Our #1 Broker 2022
AvaTrade is an award-winning broker offering 1250+ instruments including Forex, Cryptos, Stocks & CFDs. They provide user-friendly trading platforms with very low fees, tight spreads & reliable trade execution speeds.

71% of retail investor accounts lose money when trading CFDs with this provider.

IG

IG earn a well-deserved spot in our best online brokers list. Founded way back in 1974, IG are regulated in multiple jurisdictions and one of the largest trading brokers in the world. They offer clients online trading on a huge selection of more than 16,000 trading instrument across multiple asset classes including Forex, Stocks and CFDs.

The broker has a choice of powerful yet user-friendly platforms for desktop, web and mobile devices. These platforms include an abundance of trading tools to assist with in-depth market analysis and trade management. In addition to the tools built-in the platforms, IG provide some useful standalone trading tools and educational materials such as trading guides and tutorial videos.

Best Online Brokers: IG Trading Platforms

Best Online Brokers: IG Trading Platforms

IG have favourable online trading conditions which includes low commission fees and deep liquidity pools to help ensure tight spreads with fast trade execution speeds and minimal slippage. There is a variety of different trading account types to suit the needs of individual clients along with convenient account funding options. Customer support is on hand 24 hours a day via email, online chat and telephone. You can read our full IG Review to find out more.

IG Pros/Cons
ProsCons
Regulated brokerNo fixed spread accounts
Range of trading platforms for desktop, web & mobile$250 minimum deposit
Competitive spreads, fees & execution speeds
Vast selection of over 16,000+ trading instruments
Accepts USA traders & most other countries
Additional trading tools to assist clients
Good selection of educational resources
IG Logo

IG have an impressive selection of 17,000+ instruments including Forex, Stocks, Cryptos & Commodities. You can trade via easy to use platforms for desktop and mobile apps, with low trading costs and the peace of mind that you are using one of the most well-known brokers in the industry.

75% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone

Pepperstone are one of the most popular online brokers for many reasons. The Pepperstone Razor account offers some of the best trading conditions available to retail traders. We consider them to be one of the best forex brokers if you are looking for low fees, tight spreads and reliable execution speeds.

Pepperstone offer over 80+ trading instruments across global markets including forex, CFDs and cryptocurrencies. These assets are available to trade via flexible, powerful and user-friendly online trading platforms for desktop and mobile devices.

Best Online Brokers: Pepperstone Review

Best Online Brokers: Pepperstone Review

Pepperstone are authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investment Commission (ASIC). This strict regulation can give traders protection and peace of mind that they are using a safe and secure online broker.

Pepperstone have also won multiple online broker awards over the years, including awards for customer service, client satisfaction, value for money and more. You can read our full Pepperstone Review to find out more as to why we have chosen them amongst our best online brokers.

Pepperstone Pros/Cons
ProsCons
Fast trade execution speedsNo US clients
Tight spreadsNo fixed spread accounts
Low trading fees$200 minimum deposit
Multiple trading instruments
Strict regulation
Award winning broker
Pepperstone Logo

Pepperstone are one of the largest brokers providing traders worldwide access to trade across all of the major global markets with cutting edge technology, modern platforms, low costs, high speed execution, convenient funding options and award-winning customer service.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

XM Group

XM Group deserve a place in our list of best online brokers. We consider them to be a trusted and reputable online broker. They provide online trading to more than 196 countries worldwide with prompt and efficient customer service that is available in 30 different languages.

XM Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). They are also regulated in other jurisdictions. These regulations help to give traders peace of mind that they are using a trusted and secure online broker who will keep client funds safe.

Best Online Brokers: XM Group Review

Best Online Brokers: XM Group Review

XM Group serves millions of online traders across the globe, providing them with industry leading online trading conditions and some of the best trading platforms. They have a vast amount of trading instruments across multiple markets to trade online, including forex, CFDs and cryptocurrencies.

This brokerage has fast execution speeds and low spreads due to their best execution policy and relationships with multiple liquidity providers. They also implement a no-requotes and no extra commissions policy. This help to ensure you get the best prices available and save on overall trading costs. The XM Zero account has the lowest spreads and charges a very competitive commission for each trade.

You can read our full XM Group Review to find out more of the reasons why we consider them as one of our best online brokers.

XM Group Pros/Cons
ProsCons
No-requotes policyNo US clients
No extra commissionsNo fixed spread accounts
Low spreads & fast execution
Min $5 deposit
Strict regulation
XM Logo

XM Group is a multi-award winning globally established & regulated broker that offers tight spreads, fast execution speeds & low commission fees, for trading over 1,000 instruments on user-friendly platforms. They also provide education, market analysis tools & convenient funding options.

78.28% of retail investor accounts lose money when trading CFDs with this provider.

IC Markets

We have included IC Markets in our best online brokers list as they are an established and regulated brokerage with top class trading conditions. They operate using the electronic communication network (ECN) brokerage model with over 50 liquidity providers (LPs). This means that they are able to provide traders with tight spreads and quick trade execution speeds at the best available prices.

The broker offers a choice of the popular MetaTrader 4, MetaTrader 5, and cTrader platforms. Trading on the go is possible via the mobile trading apps. Traders can choose from over 230+ instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds and CFDs.

Best Online Brokers: IC Markets Platforms

Best Online Brokers: IC Markets Platforms

In addition to an innovative trading environment, IC Markets has a selection of account types for various client needs, a generous choice of account deposit and withdrawal methods, trading tools, educational materials and multilingual support 24/5 via phone, chat and email. You can read our full IC Markets Review to find out more about why they have been included in our list of the best online brokers.

IC Markets Pros/Cons
ProsCons
230+ trading instruments including Forex, Stocks & CFDsNo US clients
Tight spreads, low commission fees & rapid ECN execution speedsNo fixed spread accounts
Choice of popular & easy to use trading platformsMin $200 deposit
Regulated brokerage
Educational materials & trading tools to help traders
IC Markets Logo

IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options & 24/7 support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

How did we choose our best trading brokers?

The trading brokers research team have many years of experience testing, studying and analysing hundreds of online trading brokers. We have reviewed each broker and assigned them a rating according to our findings of what we consider to be amongst the most important factors when choosing the best brokers for trading online.

When choosing the best trading broker for your online trading needs, there are a number of things to consider. This ranges from the online trading services provided by the brokerage along with the regulations that they have in place which can help to offer investors protection and give them peace of mind. Here we will look at some of the key points for you to consider when looking for the best trading brokers.

Regulation

A reputable trading broker is likely to be regulated by an established and well-respected regulatory authority such as the FCA, ASIC or CySEC. Regulation can provide you with additional protection that you would not get from an unregulated broker. You can check if a trading broker’s regulation is valid and up to date by locating their license number on the brokerage website and looking the number up with the relevant regulatory authorities.

Platforms

Each trading broker will offer a choice of trading platforms for you to use to trade online with. Most brokers will offer the MetaTrader platform which is one of the most popular platforms for traders of all experience levels. It is considered amongst the best trading platforms due to its user-friendly interface and vast amount of built in trading tools. Trading platforms are available for desktop, web and mobile devices. Make sure that the trading broker you choose offers a platform that you are either familiar with or one that is user friendly. You should also ensure that the platform is compatible with the devices you plan to trade on. It would be a bonus if the broker offers trading platform tutorials to help you learn how to use the platforms.

Markets

Different trading brokers will offer a range of different markets and trading instruments. Many markets can be traded online including forex, stocks, indices, commodities, energies, precious metals, bonds, ETFs, cryptocurrencies and more. You should make sure that the trading broker you are considering offers the assets that you are interested in trading online and if you plan to expand your portfolio into other markets in the future, the more they have available, the more choice you will have.

Costs

When you trade online with a trading broker, you will need to consider the costs involved. The primary costs that most brokerages will charge are a trade commission, the bid/ask spread, overnight swap fee (rollover) and account funding fees. Make sure that you are fully aware of all of the costs that the broker charges and implement them within your money management and trading strategy. You could consider discount brokers who will usually charge the lowest commission and have the tightest spreads.

Liquidity

Most trading brokers will utilise a combination of liquidity providers within their liquidity pool. These can range from global banks, financial institutions and other market makers. A liquidity provider by definition is a market broker or institution which behaves as a market maker in a chosen asset class. They quote both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread. Usually the larger the brokers liquidity pool, the better the trade execution speeds and tighter the spreads you can get. Some of the best trading brokers will have a vast array of liquidity providers thus supplying you with tight spreads and fast execution speeds.

Leverage

Online trading brokers will usually provide traders with the option to trade a leveraged position. This allows you to enter a position size greater than you could without it but also greatly increases the risk. If for example you had an account balance of $10,000 and leverage of 1:30, you would be able to trade a position size of $300,000 ($10,000 x 30 = $300,000). It is imperative that you understand leverage and the risks involved before trading with it.

Orders

When you trade online you can enter the markets with a variety of order types including instant execution, pending orders, stop orders, limit orders, etc. If your trading style involves a specific order type then you should ensure that the trading brokerage supports that order type.

Tools

Most traders will require a range of useful trading tools to help them analyse the charts and manage orders. This can range from technical indicators for identifying trends and ranges to fundamental indicators such as an economic calendar to see what financial releases are moving the markets. The more tools offered by a trading broker, the more options the trader will have to support them with their online trading. Whilst trading platforms provided will have a selection of trading tools built in, the best trading brokers tend to offer a range of standalone trading tools to supplement these.

Education

You will usually find that most good trading brokers offer a range of educational materials to help support traders with their online trading skills and knowledge. These educational materials can range from video tutorials, trading guides, glossary of terms, webinars, seminars, quizzes and more. If you are a beginner or wish to learn more, then you may want to consider a trading broker that provides suitable educational resources.

Funding

You will need to make deposits and withdrawals to and from your online trading broker account. Most brokerages will offer bank wire transfer and debit/credit card payment options. If you would prefer to use another form of payment then you should check that this is offered by the brokerage. Alternative popular forms of funding trading accounts include online payment processors such as PayPal, Skrill, Neteller, etc.

Support

A trading broker should offer top quality support that is on hand as often as possible to answer all technical and general questions that traders may have. As brokers are located throughout the globe, you may wish to consider the time zone that their support team is available during and if that is convenient for you. You should also check if they offer a method of contacting them that you prefer. Most brokers will offer telephone, email and online chat support. It can be a good idea to test the support team before opening an online trading brokerage account.

Best Trading Brokers: Online Trading

Best Trading Brokers: Online Trading

What is an online trading broker?

An online trading broker is an intermediary who buys and sells trading instruments on behalf of its clients for a commission fee and/or spread mark up. They allow individual online traders access to trade the previously inaccessible markets through online trading platforms that they provide. In addition to providing an online brokerage account and trading platform, trading brokers can also offer other trading services such as educational resources, trading tools, market analysis, trading apps, social trading platforms and more.

There are hundreds of trading brokers located throughout the world with differing trading products and services. With so many trading brokers to choose from, it is very important to check if the brokerage is regulated and offers the online trading services that you require. We have a comprehensive database of trading broker reviews to help you identify some of the best trading brokers according to our detailed research.

What types of online trading brokers are there?

It is useful to know the difference between the types of online trading brokers. There are trading brokers who are market makers and others who are ECN/STP brokers. Market makers will usually not charge a trade commission but will take the opposite side of client trades and add a mark-up to the spread to cover brokerage costs. On the other hand, an ECN/STP trading broker will usually provide raw spreads that come directly from liquidity providers (LP’s) and charge a commission for trading online to cover their costs. To summarise, a non-market maker broker is usually preferable to most online traders as the costs can work out cheaper in the long run without the potential conflict of interest.

What markets can I trade online with a trading broker?

You will find that the best trading brokers usually offer a variety of different markets for trading online including forex, stocks, indices, commodities, energies, precious metals, bonds, ETFs, cryptocurrencies and more. Online forex trading and stock trading is very popular amongst traders. Forex and stocks can be traded as contract for differences (CFDs) which enables traders to speculate on the rising or falling prices of fast-moving global financial markets without actually owning the underlying asset.

How much do I need to open a trading broker account?

The minimum deposit required to trade online varies depending on the trading broker. Some brokerages require a minimum deposit of just $1 for online trading whilst other require larger deposits of $200 or more to start using their trading services. Most trading brokers will also offer a free demo trading account if you wish to try out the different platforms available and practice your trading strategies before opening a real trading account.

What is online trading?

In a nutshell, online trading is when you buy and sell various assets through an online trading broker using a trading platform. Many markets and instruments can be traded online including forex, stocks, indices, commodities, energies, precious metals, bonds, ETFs, cryptocurrencies and more.

Can you make money trading online?

Trading online successfully can take years of study and practising. It requires immense patience, discipline and planning. There are no guarantees that you will be profitable by trading online so you should never trade with more than you can afford to lose and you must be prepared to accept the risks involved before you start to trade online. Most trading brokers will offer a disclaimer stating the percentage of their clients that lose money.

Conclusion

If you have made it this far then hopefully you have a better understanding of online trading and what do look for when considering the best brokers for trading online. Once you feel ready to open a trading broker account to trade online with, you simply need to choose a trading brokerage, complete the sign-up process and fund your trading account. You can take a look at our online broker reviews and broker ratings if you need some inspiration.