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 |
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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 |
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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 |
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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 |
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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 |
|
| Leverage | 500:1 |
| Trading Platforms | MT4, MT5, WebTrader, IRESSOpen Account Now |
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FPMarkets Full Review
AvaTrade is a leading international forex broker, and 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 |
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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 |
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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 |
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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 | $10,000 |
| Demo Account | Yes |
| Asset Coverage | CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices |
| Leverage | 30:1 |
| Trading Platforms | SaxoTraderGo, SaxoTraderPRO |
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SAXO Bank Full Review
FxPro has been operating since 2006. For 12 active years, it confidently became one of the world’s leading Forex and CFD broker. An impressive list of more than 60 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis.
| Broker | FxPro |
| Regulation | CySEC, FCA, FSB, DFSA, SCB |
| Minium Balance | 100$ |
| Demo Account | Yes |
| Asset Coverage | CFD, Forex, Crypto, Stocks, Futures |
| Leverage | 1:500 |
| Trading Platforms | MT4, MT5, cTrader, FxPro Edge |
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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 |
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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 |
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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 | $25 |
| Demo Account | Yes |
| Asset Coverage | CFD, Forex, Crypto, Stocks, Futures |
| Leverage | 400:1 |
| Trading Platforms | MT4, MOBILE |
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CityIndex Full Review
Dukascopy is one of the leading Forex brokers on the market and one of the few that offer direct, unlimited access to the Swiss Forex marketplace. Retail customers, investment funds, banks and institutional clients can open accounts with Dukascopy and deposit money in order to participate in the Swiss FX Marketplace. This elite company was established in 1998 and it is regulated by FINMA.
| Broker | DUKASCOPY |
| Regulation | FINMA |
| Minium Balance | 100$ |
| Demo Account | Yes |
| Asset Coverage | CFD, Forex, Crypto, Stocks, Futures |
| Leverage | 200:1 |
| Trading Platforms | MT4, jForex |
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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 |
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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 |
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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 |
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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 |
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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 | Stocks, OTC/Penny Stocks, ETFs, Mutual Funds, Bonds, Options, Forex |
| Leverage | 1:400 |
| Trading Platforms | mobile platform, web platform |
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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, ETFs, Mutual Funds, Bonds, Options, Forex |
| Leverage | |
| Trading Platforms | mobile platform, web platform |
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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. |
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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 Based, iPhone App, Android App, |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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$/non US |
| Demo Account | YES |
| Asset Coverage | Stock, ETF, Options ,Bond,Fund,Futures |
| Leverage | |
| Trading Platforms | Charles Schwab ,Mobill |
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Charles Schwab Full Review
Plus500 is an international financial firm faund back 2009 providing online trading services in contracts for difference, across more than 2,000 securities and multiple asset classes.
The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.
| Broker | Plus500 | +500 | 500plus |
| Regulation | CySEC,ASIC,FCA,FMA,FSCA,MAS |
| Minium Balance | 100$ |
| Demo Account | Yes |
| Asset Coverage | CFDs,Forex, Cryptocurrency, Shares, Commodities, Indices |
| Leverage | 20:1 |
| Trading Platforms | Plus500 Web, Plus500 |