BrokerChooser Awards 2021
Presenting the updated annual selection of the best brokers across several categories.
Results are based on a comprehensive review of our methodology as well as updated and new broker reviews.
Best brokers in 2021
Explore all the categories and the winners, check the related Best list to learn about more details, including the runners-up.
Best broker for stock trading
Best discount forex broker
Best forex broker for beginners
Best broker for beginners
Best free stock trading platform
Best broker for investing
Best broker for day trading
Best web trading platform
Best mobile trading platform
Best app for stock trading
Best desktop trading platform
Best broker for API trading
- We optimized the gathering of fee data via automation
- We collected more than 20,000 data points for 70+ brokers
- We sharpened the style and quality of our content
While the whole team put in their fair share, the annual update effort was designed and overseen by
Co-founder / CPO
Bence András Rózsa
Senior Content Editor
Gyula Lencsés, CFA
Brokerage Trends Highlights
The biggest impact on this year was undoubtedly COVID-19, which had a market-moving,
as well as an innovation-driving effect on brokers. The legal landscape also saw big changes,
due to Brexit and new financial regulations. Lastly, several large mergers and acquisitions were finalized,
and brokers entered new regions like Africa and the Middle East.
The impact of COVID-19 on brokers was tremendous: volatility increased,
new accounts skyrocketed, and services crashed. Brokers realized they have to
invest heavily into back-office processes to reduce lengthy account opening
times and platform outages.
Brexit and the upcoming Australian CFD regulations are reshaping the legal
landscape for brokers. Many UK brokers gained licenses in the EU to ensure
continuity of service, while some Australian brokers gained off-shore
licenses to provide clients with high leverage.
Brokerages have grown as a result of consolidation or expansion:
flatex is wrapping up its merger with Dutch giant DEGIRO;
E*TRADE now belongs to Morgan Stanley; and so on. Brokerages have
also set up new entities to expand into new regions, such as Africa or the Middle East.
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Take a look at our previous winners
We have been preparing awards lists since 2018, based on a strict methodology. See who were the best of 2020.
Let's see the 2020 list