Note! Before starting to invest, check which broker to choose!

Here is a list with the most popular brokers – 2020.

(Update: 02.11.2020)

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:

 

broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
Plus500 platform
Mobile platform and
website
PC, Mac, iOS, Android
LEGAL REGULATIONS:
-Plus500 (Europe) CySEC license number 250/14,
-Plus500 (UK),
-FCA license,
-FRN 509909.

KEY INFORMATION:
-Advanced live chat 24h,
– SMS and e-mail notifications,
-Simple and intuitive operation,
-Protection against negative balance,
– Identical interface on all devices.
-No commission for deposits and withdrawals.

broker ranking broker cfd forex ecn
PLATFORM TYPE:
STP broker
EToro platform
Mobile and internet platform
PC, Mac, iOS, Android
LEGAL REGULATIONS:
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:
broker ranking broker cfd forex ecn

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

KEY INFORMATION:
– 30 euro bonus for registration,
– Points for sold flights,
-Personal customer service,
– Access to 1000 instruments,
-Free access to
daily Forex webinars.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
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.

KEY INFORMATION:
– Recommended for experienced,
– XTB funds are covered
compensation scheme run by
The National Depository for Securities
-Over 4000 instruments,
-No minimum deposit.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
Olymp Trade platform
Windows, Mac, Web, iPad,
iPhone, iOS, Android
LEGAL REGULATIONS:
(IFC)
International Financial Commission
Olymp Trade has been supervised
February 22, 2016
KEY INFORMATION:
-Payment of funds in 24h,
– Advanced market analysis tools,
-Only for professional investors
(No demo account),
-Over 2000 instruments,
– Deposit bonus + 100%.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
ECN broker
MetaTrader 4 or Forex Trading platform
Supports Expert Advisor PC, Mac, iOS, Android
LEGAL REGULATIONS:
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.

broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
MetaTrader 4 platform
MetaTrader 5 or cTrade
PC, Mac, iOS, Android
LEGAL REGULATIONS:
Australian financial services
license number
(AFSL No. 335692)
KEY INFORMATION:
– 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.

broker ranking broker cfd forex ecn
PLATFORM TYPE:
STP Broker FxPro Edge platform
cTrade, MetaTrader 4 or MetaTrader 5
PC, Mac, iOS, Android
LEGAL REGULATIONS:
FCA (No. 509956) Dubai Financial Services Authority (license: F003333)
FSCA (No. 45052)
SCB (No. SIA-F184)
KEY INFORMATION:
– 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.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
ECN broker
L2Dealer platform
or MetaTrader4 Mobile platform and
website
PC, Mac, iOS, Android
LEGAL REGULATIONS:
Financial Conduct Authority
FRN license number 195355
KEY INFORMATION:
– Advanced trading tools,
– Licensed by many authorities,
-More than 1000 different instruments,
-Currently on the market since 1972,
-No minimum deposit.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
ECN broker
JForex platform or
MetaTrader4 Mobile platform and
website
PC, Mac, iOS, Android
LEGAL REGULATIONS:
Dukascopy Europe Financial Instrument Market Law Number (FITL) 40003344762
KEY INFORMATION:
– 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.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
ECN broker
CTrader platform,
MetaTrader4 or MetaTrader5,
PC, Web, Mac, iOS, Android
LEGAL REGULATIONS:
Financial Conduct Authority
Registration number (FCA) 684312
KEY INFORMATION:
-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.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
MetaTrader4 or MetaTrader5 platform
PC, Web, Mac, iOS, Android
LEGAL REGULATIONS:
FINANCIAL SERVICES COMMISSION (Republic of Mauritius)
License Number C113012295
KEY INFORMATION:
-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.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
CTrader platform,
R Trader, MetaTrader4 or MetaTrader5
PC, Web, Mac, iOS, Android
LEGAL REGULATIONS:
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.

broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
MT4 platform,
Markets Web Trader,
Sirix Web Trader,
PC, Web, Mac, iOS, Android
LEGAL REGULATIONS:
CySEC
License number 092/08
FSCA
License number 43906
KEY INFORMATION:
-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.
broker ranking broker cfd forex ecn
PLATFORM TYPE:
Market Maker
CTrader platform
Mobile and internet platform PC, Mac, iOS, Android
LEGAL REGULATIONS:
AML/KYC
and
FATCA/CRS
Business License (Lic 200278)
KEY INFORMATION:
-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 the best trading platform. Their reviews that we found both in English-speaking and German forums were in the vast majority positive. We also had very good experience while testing this simple platform. Plus500 Broker offers one of the lowest spreads, does not charge any commissions for depositing or making withdrawals to the stock account, provides many useful tools for market analysis. Despite the simple and easy-to-use platform, it is perfect for advanced traders and professional investors thanks to the possibility of changing the account status change, to a professional account and raising leverage. Moreover, it guarantees a stop loss and a trailing stop option which is very useful for experienced users. The platform operates in many languages, and there are specialists available to clients who help solve their problems 24/7 via live chat, thanks to which you can get the answers to your questions in just few seconds. Plus500 Broker provides a user with free demo account and SMS and e-mail notifications when it comes to the price changes of the goods in which we currently invest, as well as notifications on the most important events in the world of the stock market and large fluctuations in the prices of the most popular assets.
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.

The administrator of this website makes every effort to ensure that the content contained therein is fully correct, however, bearing in mind that some content may be translated from a language other than the website’s language, any inaccuracies or irregularities may result from the translation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% to 89% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. Do not invest money that you cannot afford to lose.
A lot of retail investor accounts lose money when trading CFDs, binary options, Forex and financial derivatives. Consider whether you understand how CFDs, Forex and financial derivatives work and whether you can afford the high risk of losing your money.
Information on the website should not be considered as recommendations of financial instruments or of issuers in accordance with the Act of July 29, 2005 on information constituting recommendations of financial instruments. All information on the website is for information purposes only. Treat the information on this website as advertising or used for educational and informational purposes. Please see the risk warning on the broker’s website. Read the regulations of our website.