If you’re looking to trade online – choosing the right broker is crucial. There are many factors you need to consider when choosing a broker – including the likes of regulation, markets, fees, payments, and customer support.
This is why we at TradingPlatforms.com have created a database of in-depth broker reviews. In doing so, you’ll be able to choose the best broker for you and your trading goals.
What do we look for when compiling our comprehensive broker reviews? These are the most important factors we consider:
How safe and secure the trading platform is
The range and verity of trading and investment assets
The fees and commissions charged
de stocks and ETFs on a 0% commission basis.
How many account types are available
Whether the platform offers a good user experience on desktop and mobile
The trading tools and features on offer
The range of payment methods and minimum deposit amount
Whether the customer service is helpful and responsive
Why You Can Trust Our Reviews
Every review we publish on TradingPlatforms.com is written by expert traders who have years of experience in the market. Our team knows what features are important when choosing a brokerage, and we focus on those rather than simply relying on how good a brokerage sounds.
Our reviews are honest, unbiased, and extremely detailed. We want you to have the best possible trading experience, and the best way to achieve that is by helping you find a trading platform that sets you up for success.
Simply select the broker review you wish to read from the list above!
How do you know if a broker is legit?
Our comprehensive broker reviews will discuss the regulatory standing of the platform. For example, we will list which financial bodies the broker is authorized and licensed by and what investor protections are in place - if any.
How do I choose a broker?
In order to choose the right broker for you - it's crucial to read reviews like the ones we publish on our website. The most important factors to take into account from our broker reviews include regulation, fees, markets, payment methods, customer support, and account types.
Do brokers make money when you lose?
This depends on the type of broker that you are trading with. For example, market maker brokers are known to take the opposite side of your trade. This means that if you place a long position on AUD/USD, the broker will cover the trade by going short. As such, there a major conflict of interest here. Other platform types - such as ECN or STP brokers - will never trade against their own clients.
Why do you need a broker?
In order to buy, sell, or trade financial instruments - you need to go through a broker that is regulated to facilitate investments. Ultimately, the broker forms the crucial bridge between you and your chosen asset class.
Which broker is the best?
There is no one-size-fits-all answer to this - as it depends on what you are looking for from an online broker. For example, if you're a newbie that seeks a simple and low-cost entrance to the financial markets - discount brokers eToro wins hands down. The aforementioned platform is also ideal if you want to use the Copy Trading tool. In other instances, if you're seeking high levels of leverage as a retail client - CedarFX is a good option. Or, if you're an experienced trader that wants access to advanced trading tools - you might want to consider Interactive Brokers, Fidelity, or Charles Schwab.