trading broker comparison

HowToTrade Recommended Brokers Comparison

Interested in opening an online brokerage account? Every trader needs a broker, let us help you find the right broker for you.

All brokers are not equal. Before funding any brokerage accounts, be sure that a prospective firm satisfies the following criteria:

  • Regulated and in good legal standing
  • Competitive fees
  • Limited deposit/withdrawal restrictions
  • 24/7 dedicated customer support
  • Market Execution

Make Informed Decisions With The Help of HowToTrade

Worried about choosing the right brokerage firm? Don't stress — we have compared the following brokers, highlighting the features of each. No matter what type of trader you may be, we're confident that one of the following will suit your needs.

1. Switch Markets, trading broker


Minimum Deposit$50
Commission $0 - $2.50
Spread (EUR/USD) 0
Regulation ASIC Regulated
Markets Traded
Funding Methods
Execution

2. Pepperstone, trading broker


Minimum Deposit$150
Commission $3.76
Spread (EUR/USD) 0.09
Regulation ASIC, FCA, DSFA and SCB-regulated
Markets Traded
Funding Methods
Execution

3. IC Markets, trading broker


Minimum Deposit$200
Commission $3.5
Spread (EUR/USD) 0.1
Regulation ASIC Regulated
Markets Traded
Funding Methods
Execution

4. Eightcap, trading broker


Minimum Deposit$100
Commission $0 - $3.5
Spread (EUR/USD) 0 - 1
Regulation SCB Regulated
Markets Traded
Funding Methods
Execution

5. Vantage, trading broker


Minimum Deposit$200
Commission $0.02 - $3.5
Spread (EUR/USD) 0 - 1.5
Regulation VFSC and CIMA Regulated
Markets Traded
Funding Methods
Execution

6. VT Markets, trading broker


Minimum Deposit$100
Commission $0-$3
Spread (EUR/USD) 0 - 1
Regulation CIMA, ASIC & SVG Regulated
Markets Traded
Funding Methods
Execution

7. Axi Trader, trading broker


Minimum Deposit$0
Commission $0-$3.50
Spread (EUR/USD) 0.1
Regulation ASIC and FCA Regulated
Markets Traded
Funding Methods
Execution

8. LMFX, trading broker


Minimum Deposit$50
Commission $0-$4
Spread (EUR/USD) 1.9
Markets Traded
Funding Methods
Execution

9. MT.Cook, trading broker


Minimum Deposit$200
Commission $7.5
Spread (EUR/USD) 0
Markets Traded
Funding Methods
Execution

10. Blueberry Markets, trading broker


Minimum Deposit$100
Commission $0-$7
Spread (EUR/USD) 0.1
Regulation ASIC Regulated
Markets Traded
Funding Methods
Execution

11. Avatrade, trading broker


Minimum Deposit$100
Commission $0
Spread (EUR/USD) 0.6
Regulation ASIC, CBI, FSA and FSCA-regulated
Markets Traded
Funding Methods
Execution

12. Admiral Markets, trading broker


Minimum Deposit$100
Commission $1.8 -$3.0
Spread (EUR/USD) 0.1
Regulation FCA, ASIC, CySEC and JSC regulated
Markets Traded
Funding Methods
Execution
pick the right broker

How To Pick The Right Online Broker

The broker market is highly competitive. From full service to deep discount brokers, there are hundreds of firms vying for your business. Whether you trade stocks, forex, futures, or crypto, it's imperative that you make an informed decision on which one to select. This comparison is designed to help you do just that.

Active traders must consider an array of factors when choosing a broker. A few of the most important are cost structure, spreads, trading platforms, and deposit/withdrawal restrictions. These are integral parts of any broker's service suite and are best not ignored!

Honestly, it's easy to get overwhelmed when selecting a brokerage firm. And, it's not always easy to make a decision given the amount of information that's thrown at you. Especially if you're not even sure what to look for!

As we said before, don't stress — we're here to make your life easier. Below are some of the most important features to consider when selecting a broker. From buying mutual funds to getting involved with the stock market, we've got you covered.

Key Attributes Of The Best Online Brokers

Security

First and foremost, a good broker must offer a high level of security for your funds. After all, you're not just going to hand over your hard-earned money to someone who simply claims they're legit? Right?

Before funding any brokerage account, it's important to take a deep dive into a firm's security. To do so, some due diligence is required. We'll take a look at relevant the regulatory bodies, liquidity providers, and banking affiliations of each firm in question.

Transaction Costs

Every single time you enter a trade, you will have to pay for either the spread or a commission so it is only natural to look for the most affordable rates.

Sometimes you may need to sacrifice low transactions for a more reliable broker. But trust us, it's always worth it in the long run!

Deposit and Withdrawal

Good forex brokers will allow you to deposit funds and withdraw your earnings hassle-free. You should make sure that your broker's withdrawal process is smooth and speedy.

Some brokers also offer more methods of funding than others, it's important for a good broker to offer a wide range of deposit and withdrawal methods.

Execution

It is critical that your broker fills you at the best possible price for your orders.

For example, assuming you have a stable internet connection, if you buy GBP/USD for 1.3100, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is super important.

Customer Service

Surprise, surprise, brokers ain't perfect. So it's important you pick a broker that you could easily contact when problems arise. The competence of brokers when dealing with support issues is just as important as their performance on executing trades.