Note! Before starting to invest, check which broker to choose!
Here is a list with the most popular brokers
(Update: 02.10.2024)
Some important information!
If you are interested in investing money, stock exchange, Forex market, CFD contracts for commodities (e.g. oil, gold) or companies (e.g. Amazon, Google etc.) sooner or later, you will have to chose a broker who will help you with setting up an account to invest. Below we provide you with some information that we believe is crucial when choosing the right broker. The following broker ranking is regularly updated. We are constantly checking new brokers and completing the ranking.
List of some important information:
- Some brokers offer you demo account with virtual currency that you can use for any purchases (no matter whether they are commodities, stock indexes, etc.)
- Choosing a right broker is crucial – the money transferred to the investment platform should be safe, and the withdraws should be made relatively fast.
- Thanks to investment platforms, we can purchase CFDs for gold, platinum, oil or simply large companies such as Apple, Coca-Cola.
- Every investor should be aware of the risk of each investment. That is why, never invest money you cannot afford to lose if something goes wrong.
- Each profit should be settled in a particular country of tax residence.
Brokers – credibility above all else!
We’ve tested the biggest platforms and prepared a systematically updated ranking below.
We believe, the most important issues are legal regulations (their number and quality), because they define whether a particular broker is worth our trust.
We paid a lot of attention to safety, commissions and the amount of fees as well as the quality of the conducted transactions.
One of the most important things for people starting their adventure with investment platforms is the possibility to learn how to properly use the platform through demo account.
Unfortunately, not every broker provides this option. Training materials, videos, courses and webinars are extremely useful for novice investors, because they simply explain the most important investment principles. For the beginners, a correct analysis of market and detailed charts can be very problematic. Therefore some brokers provide free training materials.
Demo Account!
- Virtual currency that can be used for any purpose.
- Possibility to buy different assets, e.g. gold, oil etc.
- The ability to close your account at any time.
- Possibility to switch to a real account at any time.
The most important advantages of demo account:
It is a very useful functionality that can be used while trading, checking a certain platform or simply your own skills. We don’t need to verify your data to start using demo account.
Before you start investing, you can create demo account, in this way you have a chance to test a particular platform (or a given Broker). You will learn how the trade works, you can make your first investment without risking the real money. The demo account will allow you to trade any asset, and above all let you check the possibilities of the investment platform. Thanks to it, we can follow the exchange rates of currencies, oil, gold, silver etc.
Remember! Brokers without the appropriate (valid) licenses and therefore no financial supervision can lead to the loss of all your capital. That is why so much stress should be placed on whether a particular Broker has valid licenses and is regulated by law. It is also crucial to understand that any investment involves the possibility of losing the invested money no matter which broker you choose. You can also open demo account at the winner of our Plus500 ranking.
The best brokers in our opinion:
Market Maker
Plus500 platform
Mobile platform and
website
PC, Mac, iOS, Android
-Plus500CY Ltd, CySEC license number 250/14,
-Plus500 (UK),
-FCA license,
-FRN 509909.
KEY INFORMATION:
-Advanced live chat 24h,
– SMS and e-mail notifications,
-Intuitive platform,
– Proprietary platform,
-No commission for deposits and withdrawals.
STP broker
EToro platform
Mobile and internet platform
PC, Mac, iOS, Android
eToro (Europe),
CySEC license number 109/10,
eToro (UK),
FCA license,
FRN 583263
KEY INFORMATION:
– CopyTrader ™ system,
-Choose investors to copy,
-Specify the amount of investment,
-More than 6 million users,
-Micro-flights (for very low sums).
– Start copying automatically
in real time.
Other brokers:
PLATFORM TYPE:
Market Maker
MetaTrader 4 platform
or MetaTrader 5
Supports Expert Advisor
PC, Mac, iOS, Android
LEGAL REGULATIONS:
FCA FRN: 705428
IFSC 60/354/TS/19
CySEC 120/10
ASIC AFSL 443670
DFSA ref: F003484
– 30 euro bonus for registration,
– Points for sold flights,
-Personal customer service,
– Access to 1000 instruments,
-Free access to
daily Forex webinars.
ECN broker
XStation 5 or MetaTrader 4 platform
PC, Web, Mac,
Linux, iOS, Android
LEGAL REGULATIONS:
Polish Financial Supervision Authority (KNF),
Permit number DDM-M-4021-57-1/2005 of November 8.
– Recommended for experienced,
– XTB funds are covered
compensation scheme run by
The National Depository for Securities
-Over 4000 instruments,
-No minimum deposit.
Market Maker
Olymp Trade platform
Windows, Mac, Web, iPad,
iPhone, iOS, Android
(IFC)
International Financial Commission
Olymp Trade has been supervised
February 22, 2016
-Payment of funds in 24h,
– Advanced market analysis tools,
-Only for professional investors
(No demo account),
-Over 2000 instruments,
– Deposit bonus + 100%.
ECN broker
MetaTrader 4 or Forex Trading platform
Supports Expert Advisor PC, Mac, iOS, Android
Financial Conduct Authority
(UK)
License number
FCA 113942
KEY INFORMATION:
-Difficult to use,
-One of the largest brokers
in the United States,
-Access to 300+ instruments
and over 80 currency pairs,
-Free training materials.
Market Maker
MetaTrader 4 platform
MetaTrader 5 or cTrade
PC, Mac, iOS, Android
Australian financial services
license number
(AFSL No. 335692)
– For professional investors,
– Access to + 200 instruments,
– No protection against negative balance (Margin Call 100% / Stop Out 50%),
– Speed of execution of orders 40ms.
– Spreads 0.0 PIPS.
STP Broker FxPro Edge platform
cTrade, MetaTrader 4 or MetaTrader 5
PC, Mac, iOS, Android
FCA (No. 509956) Dubai Financial Services Authority (license: F003333)
FSCA (No. 45052)
SCB (No. SIA-F184)
– Works in 173 countries
-High level customer service
– Has licenses issued by FCA, CySEC, FSCA, DFSA and SCB,
-Low spreads and no commission,
-Has received over 60 awards for high quality services.
ECN broker
L2Dealer platform
or MetaTrader4 Mobile platform and
website
PC, Mac, iOS, Android
Financial Conduct Authority
FRN license number 195355
– Advanced trading tools,
– Licensed by many authorities,
-More than 1000 different instruments,
-Currently on the market since 1972,
-No minimum deposit.
ECN broker
JForex platform or
MetaTrader4 Mobile platform and
website
PC, Mac, iOS, Android
Dukascopy Europe Financial Instrument Market Law Number (FITL) 40003344762
– recommended for professionals,
-Dukascopy Japan K.K. it is
licensed broker
type 1, based in Tokyo,
– Immediate execution of orders,
-Advanced trading systems,
– Origin and head office – Switzerland.
ECN broker
CTrader platform,
MetaTrader4 or MetaTrader5,
PC, Web, Mac, iOS, Android
Financial Conduct Authority
Registration number (FCA) 684312
-More than 150 instruments,
– Access to low spreads,
– Discounts for high account turnover,
-Most processed orders
has less than 30 ms *,
-The secured client area offers total control over the account.
Market Maker
MetaTrader4 or MetaTrader5 platform
PC, Web, Mac, iOS, Android
FINANCIAL SERVICES COMMISSION (Republic of Mauritius)
License Number C113012295
-Alpari CopyTrade,
-Free guidebooks and materials,
– Over 250 different instruments,
– Promotion refund your first payment
– Supports automatic investing
– Advanced solutions ensure fast execution of orders.
Market Maker
CTrader platform,
R Trader, MetaTrader4 or MetaTrader5
PC, Web, Mac, iOS, Android
IFSC
License number
IFSC/60/271/TS
CySEC
License number 191/13
KEY INFORMATION:
– Immediate Payouts,
-Leverage up to 1: 2000,
-0% Commission on deposit,
– Making withdrawals within a minute
– The commission is always 0% RoboForex covers all costs.
Market Maker
MT4 platform,
Markets Web Trader,
Sirix Web Trader,
PC, Web, Mac, iOS, Android
CySEC
License number 092/08
FSCA
License number 43906
-VIP customer service,
-More than 2,200 instruments,
-One of the lower spreads,
-Promotions and events,
-Real-time interactive access to a number of experts directly from the platform.
Market Maker
CTrader platform
Mobile and internet platform PC, Mac, iOS, Android
AML/KYC
and
FATCA/CRS
Business License (Lic 200278)
-Leverage 1: 500,
-Analysis of trading strategy,
Block-Chain and Expat Living,
-Registered in the Cayman Islands,
– Supports only one platform,
– Not very popular.
When choosing a broker, it’s worth to first check:
- The service and intuitiveness of a particular platform, the minimum required amount to be paid to start the investment.
- What legal licenses a given company has and through which financial institutions it is regulated.
- Are there commissions for deposits and withdrawals to the stock account.
- How high are the spreads (commission for the broker calculated at the opening of the contract).
- What is the quality of training materials prepared for investors.
- Are there free supporting tools provided by the broker.
- Are the global platforms such as MetaTrader4, MetaTrader5 supported.
- How long you have to wait for the money withdrawn from your stock account.
Which broker to choose?
Taking into account the comments on the forums posted by the standard users and the advantages listed in our summary, we’ve chosen the Plus500 broker as one of the best trading platforms.
All these factors placed Plus500 at the very top of our brokers ranking and in our opinion it is one of the best trading platforms currently available on the European market.
Information on the ranking:
In order to create the ranking presented above, we tested a considerable number of leading trading platforms, including Olymp Trade, IQ Option, FX Trading, iFOREX, Coinbase, eToro, XM, XTB, Plus500, ExpertOption, easyMarkets and a dozen others. Among them we’ve chosen the brokers that deserve to be included in our ranking.