The best brokers for 2019

  • Home
  • The best brokers…
Rating Brokers Pros Cons Success
1

PaxForex

•The best forex trading for beginners.

• Broker provides various functions of successful trading and provides tools for the forex market.

• PaxForex has online forex trading on various platforms such as MT4.

• Broker provides one of the best deals on 1: 500 leverage.

• Ongoing support on the site, you can always contact the manager for all questions.

•Launching the online trading platform is a multi-step process. Traders must first log into your account and then choose which platform you would like to launch from the dashboard

2

IG Group

• Breadth of Trading Products
IG offers access to more than 15,000 global markets.
•Low Cost IG’s size and trading volume allow it to offer some of the lowest spreads and commissions in the industry.
•Extended Hours and Sunday Trading
Trade extended hours on US equities and on Sundays in stock indices and cryptocurrencies.

•Virtual Private Server (VPS) Carries a Fee.

•Clients with an account balance less than GBP 5,000 must pay a monthly fee of GBP 50 for VPS.
 
•Commissions for Single Stocks
There is a minimum commission for single stock trades but no maximum commission and no volume discounts.
3

FsmSmart

• Trading Markets
FOREX offers access to forex, shares, bonds, indices, and commodity CFDs.
 
• Choice of Trading Platforms
Custom web and client trading platforms as well as MT4.
 
• Webinars and Education
Good support for understanding the market and trading platforms.

• Guaranteed Stops are Limited. Guaranteed stops may be available for a fee on some marketsAverage Forex and Shares Trading Costs.

• The spread for the most popular forex pairs and shares were merely average compared to others in the industry.

4

Interactive Brokers

• Trading Technology Highly regarded proprietary trading technology with smart routing capability.

Powerful Portability Trade anywhere, with platforms to access accounts and execute trades across PCs, web pages, and mobile devices.

• Steep Learning Curve Proprietary trading platform doesn’t use common Windows or iOS conventions

Customer Services 24/5 chat and phone support plus Sunday afternoon phone support, but no 24/7 support

5

IronFX

  • Breadth of Trading Products. Offers access to multiple global financial markets.
  • Variety of Account Choices Caters to both new and established traders.
  • Negative Balance Protection
    Guarantees your account balance will never drop below zero.

• Virtual Private Server (VPS) Carries a Fee.

• Clients with an account balance less than $5,000 must pay a monthly fee of $30 for a VPS.

• Variable Minimum Spread.

6

AvaTrade

• Breadth of Trading Products AvaTrade offers access to multiple global financial markets

• Variety of Platform Choices AvaTrade lets you choose from five trading platforms.

• Negative Balance Protection AvaTrade guarantees your account balance will never drop below zero

 

• No Volume Discounts Higher volume traders will pay the same spread.

• No Emergency Stop Loss.There is no way to set a customize account level to automatically liquidate your positions once your account balance reaches a pre-determined threshold

7

Dukascopy

• Well-Capitalized Institution Backed up by $160 million in assets.

• Competitive Pricing 0.2 EUR/USD basic spread for all accounts.

• High Leverage Up to 1:200.

• Weak Withdrawal Procedures Poorly documented, with no warranties on customer fund receipt.

• Basic Deposit Protection.No additional coverage beyond statutory requirements

8

LiteForex

• No Minimum Account Size. Accounts can be opened with as little as one dollar; no minimum trade size makes it easy to trade and test strategies.

• Broad Product Mix.Traders can access 71 currency pairs, 16 stock index CFDs, 8 commodity CFDs, 6 bond CFDs, and 23 metals CFDs.

• “Hedging” Traders outside the U.S. can “hedge” positions by holding a long and short simultaneously on a single instrument

• Missing Products Traders cannot access cryptocurrency or single-stock CFD trading.

Confusing Education.Plenty of education available, including webinars; but the offering was fragmented and disorganized

Limited Account. ProtectionAccounts do not have a negative-balance or slippage protection. This could be a problem in a volatile market

9

Pepperstone

• Tight Spreads/Low Cost EUR/USD and index CFD executions offer industry-leading rates.

• Diverse Trading Platforms MetaTrader 4, cTrader, WebTrader, and mobile access.

• Deep Liquidity. Multiple liquidity venues with no dealing desk to trade against clients

• Poorly Documented Volume Discounts.

• Unclear which volume tiers will reduce execution costs.

• No Single Stock CFDs Index CFDs only.

10

XTB

• Breadth of Trading Products XTB offers access to more than 3000 trading markets including shares, Forex, indexes, and commodities.

• Market Screeners and Searching Tools Traders can explore the available markets through searching tools.

• Limited Guaranteed Stops Guaranteed stop losses are only available on the fixed-spread, “basic” account type.

• Limited Research and Insights. Although webinars and research is advertised, we found the content dated and infrequent.