Brokers

With so many different types of online stock brokers available to investors, it can be tough to choose one that works best for you.

our 2020 online broker reviews one months ago, no one knew how the world would change. We recognize that we all are living through a particularly volatile time as we deal with this global crisis, and financial markets have also seen unprecedented change, impacting all investors.

Our mission has always been to help people make the most informed decisions about how, when and where to invest. Given recent market volatility, and the changes in the online brokerage industry, we are more committed than ever to providing our readers with unbiased and expert reviews of the top investing platforms for investors of all levels, for every kind of market.


eToro is a social trading and multi-asset brokerage company that focuses on providing financial and copy trading services.

It has registered offices in Cyprus, Israel, the United Kingdom, the United States, and Australia. In 2018,

the company’s value was $800 million

Accepted USA 

 

Broker eToro
Regulation Yes
Minium Balance 200$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 400:1
Trading Platforms Web, Mobile, MT4, MT5, ZuluTrade

Open Account Now

eToro Full Review


 

WDC Markets is a forex and CFD broker that offers trading on some web-based platform. Apart from the Self –trading account presented above, they also have Robot-trading and Copy-trading accounts. If their offer sounds attractive to you, make sure to read this thorough and unbiased review first – there seem to be serious issues with WDC Markets. Read on all the details below.

Broker WDC Markets
Regulation No
Minium Balance 250$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms Panda Trading

Open Account Now


VantageFX  was founded back in 2009 with the founders consisting of a highly specialized team with experience in technology, forex, and finance. The goal behind Vantage FX was to assist clients with pursuing financial goals by providing powerful trading platforms, transparent forex market access, award-winning customer service, and exceptional execution speed.

Broker Vantage FX
Regulation ASIC (Australia)
Minium Balance 200$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms Web, Mobile, MT4, MT5, ZuluTrade

Open Account Now

VantageFX Full Review


FX TM is also known as ForexTime, and commenced operations in 2011 from its de facto headquarters in Limassol, Cyprus. Since then, FXTM has achieved rapid global expansion, driven primarily by its desire to serve specific local markets with strong FX demand.

 

 

Broker FX TM
Regulation CySEC, FCA, FSC
Minium Balance 250$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms Web, Mobile, MT4, MT5, ZuluTrade

Open Account Now

FxTM Full Review


FPMarkets First Prudential Markets is an Australian contract for difference and retail forex provider.

The headquartered located in Sydney at Exchange House 10 Bridge in the adjoining building to the Australian Securities Exchange.

 

Broker FPMarkets
Regulation ASIC,CySEC
Minium Balance 100$
Demo Account Yes
Asset Coverage
  • Forex,CFDs,Equities,Commodities,Indices,Crypto
Leverage 500:1
Trading Platforms MT4, MT5, WebTrader, IRESSOpen Account Now

Open Account Now

FPMarkets Full Review


AvaTrade is a leading international forex brokerand are part of the AVA Group of companies

Being founded in 2006, AvaTrade is one of the oldest online brokerages

 

 

Broker AVA TRADE
Regulation ASIC,ASB
Minium Balance 100$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 400:1
Trading Platforms Web, Mobile, MT4, MT5, ZuluTrade

Open Account Now

AvaTrade Full Review


X-Trade Broker(XTB) Established 2002 provides access to a variety of markets such as forex, shares, indices, metals, commodities and even cryptocurrencies. The company is regulated in the UK and registered with the Financial Conduct Authority (FCA). XTB traces its history back to Poland and is publicly listed on the Warsaw Stock Exchange and registered with the Polish Financial Supervision Authority.

 

Broker xtb
Regulation CySEC,FCA UK,FMA,IFSC
Minium Balance 250$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 500:1
Trading Platforms MT4, MT5

Open Account Now

XTB Full Review


    Trade.com was founded in 2009 and has grown into a brokerage powerhouse, catering to over 100,000 active traders. This multi-asset brokerage features over 2,100 assets across five categories and is regulated by three jurisdictions. Besides CFD trading, it provides clients direct market access (DMA) where over 100,000 assets across 125 markets are available. Between 73.84% and 75.40% of traders lose money with this market maker broker.

 

Broker TRADE.COM
Regulation CySEC, FCA, FSCA
Minium Balance 100$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 1:300
Trading Platforms MT4

Open Account Now

Trade.COM Full Review


   Saxo Bank is a forex broker. SaxoBank Established 1992 offers the SaxotraderGO and SaxoTraderPRO forex trading platform., Home.Saxo offers over 165 forex currency pairs, stocks, cfds, commodities, futures, bonds, gold, silver and oil for your personal investment and trading options.

 

Broker SAXO
Regulation FCA, CFC,ASIC
Minium Balance $10,000
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 30:1
Trading Platforms SaxoTraderGo, SaxoTraderPRO

Open Account Now

SAXO Bank Full Review


  FxPro has been operating since 2006. For 12 active years, it confidently became one of the world’s leading Forex and CFD broker. An impressive list of more than 60 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis.

 

Broker FxPro
Regulation CySEC, FCA, FSB, DFSA, SCB
Minium Balance 100$
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 1:500
Trading Platforms MT4, MT5, cTrader, FxPro Edge

Open Account Now

FXPro Full Review


  FXCM was founded in 1991 in the United States, but has since left the U.S. market and shifted its focus to other regions. Since 2018, FXCM started a rebranding phase as a Leucadia company owned by Jefferies Financial Group. The Jefferies Financial Group is listed on the NYSE under ticker symbol JEF and is a constituent of the S&P400 index as well as a Fortune 500 firm. Despite its troubled past, as of March 2018, FXCM has remained the second-largest retail Forex brokerage outside of Japan

 

Broker FXcm
Regulation FCA, ASIC, AMF, FSCA
Minium Balance $250
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 1:50
Trading Platforms MT4, NinjaTrader,ZuluTrade,Mirror Trader

Open Account Now

FXCM Full Review


  Forex.com is a global FX and CFD broker established in 2001. Forex.com is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).

Accepted USA

 

Broker FOREX.com
Regulation FCA, NFA, CIPF,FFAJ
Minium Balance $100
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 1:200
Trading Platforms MT4, MT5, WebTrader

Open Account Now

FOREX.COM Full Review


  City Index Group is a financial company Established in 1983,  offering online Forex, CFD, and spread betting, FX, and CFD trading. With operations in in Australia, China, Germany, Hungary, Israel, Poland and the United Kingdom, the group is comprised of City Index Ltd., Finspreads, FX Solutions, and IFX Markets brands.

Accepted USA

 

Broker CITYINDEX
Regulation FCA, ASIC
Minium Balance $25
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 400:1
Trading Platforms MT4, MOBILE

Open Account Now

CityIndex Full Review


  Dukascopy is one of the leading Forex brokers on the market and one of the few that offer direct, unlimited access to the Swiss Forex marketplace. Retail customers, investment funds, banks and institutional clients can open accounts with Dukascopy and deposit money in order to participate in the Swiss FX Marketplace. This elite company was established in 1998 and it is regulated by FINMA.

 

Broker DUKASCOPY
Regulation FINMA
Minium Balance 100$
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 200:1
Trading Platforms MT4, jForex

Open Account Now

Dukascopy Full Review


  iFOREX is a company founded by a group of bankers and forex dealers in 1996 and since then it has managed to grow exponentially, offering their services to traders located across the globe. To distinguish itself from the competition, iFOREX provided their clients with very tight spreads, like market pricing via a direct link to the interbank market rates. The company also provides innovative and user-friendly platforms, updated financial news, and 24-hour support. Since 2004 iFOREX took a giant leap and launched a multi-lingual internet-based trading platform and managed to expand its clients base to tens of thousands, providing vast liquidity to traders across the globe.

 

Broker IFOREX
Regulation CySEC , MNB
Minium Balance 100$
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 1:400
Trading Platforms WebPlatform , Mobile platform

Open Account Now

IForex Full Review


  CMC Markets was founded in 1989 and it is a global CFD and forex broker. It is regulated by several authorities globally, including the top-tier FCA. The company is also listed on the London Stock Exchange.CMC Markets is considered safe because it has a long track record, is listed on stock exchange, and is regulated by top-tier regulators.

Accepted USA

 

Broker cmc markets
Regulation FCA, NFA
Minium Balance 25$
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks, Futures
Leverage 1:500
Trading Platforms MT4

Open Account Now

CMC Full Review


 

  24Option were created in 2008. Opening as a Binary Options broker, 24Option is now a leading CFD and forex brand owned by Rodeler Ltd. The firm’s head office is located in Cyprus . For traders outside of the EEA (European Economic Area), customers of 24Option do business via a separate company called Richfield Capital Limited based in Belize

 

Broker 24 option
Regulation CySEC
Minium Balance 250$
Demo Account Yes
Asset Coverage CFD, Forex, Crypto, Stocks
Leverage 1:500
Trading Platforms MT4

Open Account Now

24 Option Full Review


 Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name of First Flushing Securities.

Accepted USA

 

Broker FIRSTRADE
Regulation FCA, NFA
Minium Balance 0$
Demo Account NO
Asset Coverage Stock, ETF,Options,Bond,Fund
Leverage 1:500
Trading Platforms mobile platform,Firstrade’s web platform

Open Account Now

First Trade Full Review


 Vanguard Group is the granddaddy of low-cost indexed based mutual fund investing. The company was started in 1975 by Jack Bogle, who understood that over 80% of actively managed funds did not beat the market’s indices. His theory: Because you can’t beat the market, you should become the market and focus on low-cost fees.

 

Broker Vanguard
Regulation FCA, NFA
Minium Balance 3000$
Demo Account NO
Asset Coverage StocksOTC/Penny StocksETFsMutual FundsBondsOptionsForex
Leverage 1:400
Trading Platforms mobile platform, web platform

Open Account Now

Vanguard Full Review


 

  USAA made its name offering low-cost financial services to active and retired military families. Unlike its top-ranked insurance offering, USAA brokerage accounts are open to the general public. But the cost to trade is pricier than many competitors.

Accepted USA

 

Broker USAA
Regulation FCA, NFA
Minium Balance 500$
Demo Account NO
Asset Coverage Stocks,  ETFsMutual FundsBondsOptionsForex
Leverage
Trading Platforms mobile platform, web platform

Open Account Now

USAA Full Review


When it comes to high-quality, low-cost mutual funds that deliver superior long-term performance, Vanguard may be the crowd favorite, but T. Rowe Price deserves a round of equally enthusiastic applause. Add in the firm’s sophisticated retirement planning calculators, and T. Rowe makes a fine choice for investors out to build a fund-only portfolio.

 

Broker T.Rowe Price
Regulation FCA, NFA
Minium Balance 2500$
Demo Account NO
Asset Coverage Stocks,Bonds,Mutual funds,ETFs,Options
Leverage
Trading Platforms Basic research, analysis and screening tools.

Open Account Now

T.Rowe Full Review


 Stockpile is an online stockbroker with a bit of an unusual twist. That’s because — in addition to letting its users buy and sell stocks like a regular brokerage — the service also sells gift cards that can be used toward the purchase of stocks and exchange-traded funds (ETFs).

 

Broker STOCKPILE
Regulation FINRA,SIPC
Minium Balance 2500$
Demo Account NO
Asset Coverage ETFs,Stoks
Leverage
Trading Platforms Web BasediPhone AppAndroid App,

Open Account Now

STOCKPILE Full Review


 SOGOTRADE Established in 1986, SogoTrade is an online broker whose goal is to provide discounted commissions for its customers, while still offering competitive industry tools.

 

Broker SOGOTRADE
Regulation YES
Minium Balance 2500$
Demo Account NO
Asset Coverage ETFs,Stoks
Leverage
Trading Platforms SogoOptions,SogoTrader,Apple Watch

Open Account Now

SOGOTRADE Full Review


  Questrade, a member of IIROC and CIPFA, is a Canadian online broker founded in 1999 with over $8 billion in assets under administration (AUM) as of Q3 2018. Questrade is available to all residents of Canada, and charges equity traders $.01 per share, with a $4.95 minimum and $9.95 maximum per trade.

Accepted CANADA

 

Broker QUESTRADE
Regulation YES
Minium Balance 1000$
Demo Account NO
Asset Coverage ETFs,Stoks
Leverage
Trading Platforms IQ Web,IQ Edge,Questrade

Open Account Now

Questrade Full Review


  Oanda’s modest beginnings date back to 1996, making it one of the early online forex brokers. Then it offered investors access to spot forex and CFDs. Today, however, Oanda is well established in the forex market, offering 124 trading instruments, corporate FX services, currency management solutions, plus data on exchange rates for global enterprises.

Accepted USA

 

Broker OANDA
Regulation FCA, CFTC, ASIC
Minium Balance 0$
Demo Account YES
Asset Coverage CFD, Forex, Spreadbetting
Leverage
Trading Platforms MT4,MotiveWave,Oanda Market Reports

Open Account Now

Oanda Full Review


  Pepperstone is an online forex broker Established 2010 . Pepperstone offers the MetaTrader 4, MetaTrader 5, MT Mobile, and cTrader trading currency top platform. Pepperstone.com offers over 60 currency pairs, cryptocurrencies, share cfds, gold, silver, and other commodities for your personal investment and trading options.

 

Broker Pepperstone
Regulation FCA, ASIC
Minium Balance 200$
Demo Account YES
Asset Coverage CFD, Forex, Crypto
Leverage 500:1
Trading Platforms MT4, MT5, cTrader,MT Mobile

Open Account Now

Pepperstone Full Review


  NADEX Founded in 2004, the North American Derivatives Exchange—or Nadex—is a Chicago-based financial exchange that specializes in short-term binary options and spreads. The company is a subsidiary of London’s IG Group (LON: IGG) and is regulated by the Commodity Futures Trading Commission (CFTC). Binary options are legal and available to trade in the U.S. but only on a CFTC-regulated exchange like Nadex (you can also trade binary options through the Chicago Board Options Exchange).

Accepted USA

 

Broker NADEX
Regulation CFTC
Minium Balance 250$
Demo Account YES
Asset Coverage binaryoptions, stock indices, forex ,commodities, crypto
Leverage
Trading Platforms naex,MT Mobile

Open Account Now

NADEX Full Review


  Merrill Edge has continued to evolve by making a deeper connection between the online brokerage and Bank of America’s vast banking capabilities. The brokerage launched in 2010. Over the past year, there have been numerous updates across the online and mobile experiences based on client requests, highlighting the firm’s commitment to servicing investors better.

Accepted USA

 

Broker MERRILL
Regulation CFTC
Minium Balance 0 $
Demo Account YES
Asset Coverage stocks, ETFs, options , mutual funds,  bonds
Leverage
Trading Platforms MarketPro,Mobile app

Open Account Now

MERRILL Full Review


 Markets.com founded in 2006 and became regulated as a forex brand in 2008. In a relatively short space of time, the broker has built a dependable reputation. However, part of their expansion has been helped by a number of high profile trading partners.


Broker MARKETS.COM
Regulation FSB, CySec,
Minium Balance  100$
Demo Account YES
Asset Coverage  CFD, Forex, Crypto,stocks
Leverage
Trading Platforms MT4,Mobil,android

Open Account Now

MARKETS.COM Full Review


  Interactive Brokers introduced a Lite pricing plan in fall 2019, which offers no-commission equity trades on most of the available platforms. Interactive Brokers still charges a small fee for its IBKR Pro customers. We’ll look at how Interactive Brokers stacks up in terms of features, costs, and resources to help you decide if it is the right fit for your investing needs. Aside from this Interactive Brokers review, we’ve also reviewed the Interactive Advisors robo-advisor service.

 

Broker InteractiveBrokers
Regulation FAST, FACTS
Minium Balance  0 $
Demo Account YES
Asset Coverage  CFD, Forex, Crypto,stocks,Bonds,options
Leverage
Trading Platforms mobil, Client Portal

Open Account Now

Interactive Broker Full Review


  IG is a forex broker Established 1974. IG offers the WebTrader and MT4 trading currency platforms. IG.com offer over 100 forex currency pairs, cfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Accepted USA

 

Broker IG grup
Regulation FCA,NFA,ASIC
Minium Balance $250
Demo Account YES
Asset Coverage  CFD, Forex, Crypto,stocks,Bonds,options
Leverage 200:1
Trading Platforms MT4, IG Web ,Mobile Platform, ProReal Time

Open Account Now

IG Full Review


  Fidelity is a US stockbroker, founded in 1946. It is regulated by top-tier regulatorslike the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier regulators.

Accepted USA

 

Broker Fidelity
Regulation SEC,FINRA
Minium Balance $,2000
Demo Account YES
Asset Coverage Stock, ETF, Fund, Bond, Options, Robo-adivosry
Leverage
Trading Platforms Fidelity’s web platform,mobile

Open Account Now

Fidelity Full Review


  ChoiceTrade is a US-based stockbroker founded in 2000. It is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). It is also a member of SIPC. SIPC membership means that clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Accepted USA

 

Broker CHOICETRADE
Regulation SEC,FINRA
Minium Balance $100
Demo Account YES
Asset Coverage Stock, ETF, Options
Leverage
Trading Platforms ChoiceTrade web,Mobile

Open Account Now

CHOICETRADE Full Review


  TrioMarkets is a Forex broker Established 2014 domiciled in Limassol, Cyprus. It was founded by three financial professionals with 15 years of experience in both the British and Swiss financial markets who were committed to combining their knowledge in order to bring the very best in online trading experience.

 

Broker TrioMarkets
Regulation CySEC
Minium Balance $500
Demo Account YES
Asset Coverage Stock, ETF, Options,CFD,Commodities,Indices
Leverage 1:300
Trading Platforms MT4,Mobile

Open Account Now

TrioMarkets Full Review


  Ally Invest is a US stoc kbroker regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). Its parent company, Ally Financial Inc. dates back to 1911 as the former company, General Motors Acceptance Corporation (GMAC) was founded then. Ally Financial Inc. is listed on the New York Stock Exchange and has a banking subsidiary, called Ally Bank.

Accepted USA

 

Broker ally invest
Regulation SEC,FINRA
Minium Balance $ 0
Demo Account YES
Asset Coverage Stock, ETF, Fund, Bond, Options
Leverage
Trading Platforms Ally Invest’s web,Mobile

Open Account Now

Ally Invest Full Review


 IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. IronFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.

 

Broker IronFX
Regulation CySEC, ASIC, MiFID, FCA
Minium Balance $ 50
Demo Account YES
Asset Coverage Stock, Commodities, Options ,Commodities,CFDs
Leverage 1:500
Trading Platforms MT4,MT5,Mobill

Open Account Now

IronFX Full Review


  Charles Schwab was founded in 1971 and  a US discount broker listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Financial Conduct Authority (FCA).

Accepted USA

 

Broker charls SCHWAB
Regulation SEC,FCA,FINRA
Minium Balance $ 0/US, 25000$/non US
Demo Account YES
Asset Coverage Stock, ETF, Options ,Bond,Fund,Futures
Leverage
Trading Platforms Charles Schwab ,Mobill

Open Account Now

Charles Schwab Full Review


Plus500 is an international financial firm faund back 2009 providing online trading services in contracts for difference, across more than 2,000 securities and multiple asset classes.

The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.

 

 

Broker Plus500 | +500 | 500plus
Regulation CySEC,ASIC,FCA,FMA,FSCA,MAS
Minium Balance 100$
Demo Account Yes
Asset Coverage CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices
Leverage 20:1
Trading Platforms Plus500 Web, Plus500

Plus500 Full Review