Methodology:
Data collected based on Brokerchooser's structured online broker review methodology, a work of 8 people. The online brokers compared don't know they are being reviewed. Brokerages are featured independently of any compensation they might give to Brokerchooser.
Recommended for traders looking for low fees and a professional trading environment
3.4
Yes
$0
1-3 days
Proof of identity: national ID / passport / driver's license
Proof of residency: bank statement / utility bill / driver's license / credit card statement
Proof of residency: bank statement / utility bill / driver's license / credit card statement
5.0
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Disclaimer: 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for investors and traders looking for a great trading platform and solid research
2.6
Yes
$10,000
1-3 days
Proof of identity: personal ID / passport / driver's licence
Proof of residence: ID card / insurance card / utility bill / bank statement
Proof of residence: ID card / insurance card / utility bill / bank statement
5.0
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Disclaimer: 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
€100,000 for cash deposits and €20,000 for securities for most European clients,
£85,000 for UK clients,
€100,000 for French clients,
CHF 100,000 for Swiss clients,
No protection for clients from Singapore, Japan, Hong Kong and Australia
£85,000 for UK clients,
€100,000 for French clients,
CHF 100,000 for Swiss clients,
No protection for clients from Singapore, Japan, Hong Kong and Australia
Denmark, UK, France, Switzerland, Singapore, Japan, South Africa, Australia
Recommended for affluent investors who value safety and are OK with higher fees
4.0
Yes
$0
1 day
Proof of identity: national ID / passport
Proof of residency: ID with legal address / utility, internet, phone bill / tax bill / official certificate of residence
Proof of residency: ID with legal address / utility, internet, phone bill / tax bill / official certificate of residence
4.9
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Disclaimer: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for traders focusing on US markets and buy-and-hold investing
5.0
Yes
$500
1 day
Proof of identity: ID / passport / driver's license
Proof of residency: bank statement / utility bill
Proof of residency: bank statement / utility bill
Recommended for forex traders who value a user-friendly platform and great research tools
4.4
Yes
$0
1-3 days
Proof of identity: ID / passport
Proof of residency: bank statement / utility bill
Proof of residency: bank statement / utility bill
1.5
No
No
Yes
No
No
No
No
No
Yes
Disclaimer: 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for active CFD and FX traders, and investors preferring intuitive trading platforms
4.5
Yes
$1
1 day
Proof of identity: passport / national ID / driver's licence
Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Proof of address: bank statement / utility bill / mortgage statement / credit card statement
3.7
Yes
Yes
Yes
No
No
No
No
Yes
Yes
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools
4.1
Yes
$0
1-3 days
Proof of identity: passport / national ID / driver's licence
Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Proof of address: bank statement / utility bill / mortgage statement / credit card statement
2.2
No
No
Yes
No
No
No
No
Yes
Yes
Disclaimer: 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
3.8
Yes
Yes
Yes
No
No
No
No
Yes
Yes
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Recommended for forex and CFD traders looking for low forex fees and great research tools
5.0
Yes
$0
1 day
Proof of identity: national ID / passport / driver's license
Proof of residency: bank statement / utility bill / credit card statement
Proof of residency: bank statement / utility bill / credit card statement
2.1
No
No
Yes
No
No
No
No
Yes
Yes
Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.