The Best Online Broker! Beginners & Traders
IQ Option
Products Offered
Forex, Digital and Binary Options, Stock CFDs, Cryptocurrencies, ETFs, Commodities
Minimum deposit
$10
With the lowest minimum deposit on the market, clients have enjoyed trading with this platform that gives the best services to suit your needs. They employ a "fit like a glove" approach, giving you the ability to trade in a versatile manner.
- Low Minimum Deposit
- Provides investor protection
- No deposit Fee
- No MT4 /MT5 trading platforms
- Not available in the USA, Canada, or Australia
- Slow bank transfer withdrawal process
Best Online Broker For Social Trading
eToro
Products Offered
Stock, ETF, Forex, CFD, Crypto
Minimum deposit
$200
While you can mirror select traders & recieve good customer service, the risks involved in such methods aren't something to be dismissed. Their minimum deposit fees don't allow for beginners to start risk-free.
- Various regulations such as CySEC & FCA
- Easy to open an account
- Optional mirror trading
- High withdrawal fee ($25)
- High minimum deposit fee
- Customer support is not always available
Best Online Broker For Forex
AvaTrade
Products Offered
Forex, CFD, Crypto
Minimum deposit
$100
While Avatrade hosts a plethroa of different services, they still don't offer the full monty. Also, the minimum deposit is exceptionally high for any new user wanting to break into the trading world.
- Negative balance protection
- No withdrawal fee
- Regulated by ASIC, FSCA & FSA
- High deposit fee
- Extremely slow withdrawals
- Expect inactivity & administration fees
Best Online Broker For CFD & Forex
VideForex
Products Offered
Forex, CFDs, Indices, Shares, Commodities, Cryptocurrencies, Binary options
Minimum deposit
$250
With the highest minimum depsoit fee on the market, Videforex does offer a variety of products in a dynamic fashion. Their customer service and overall ratings are ok but they don't offer value-added services such as Islamic accounts.
- 24/7 customer service
- Various customer support languages
- Offers leveraged trading
- Highest minimum deposit fee
- Unregulated
- No islamic account
Best Online Broker For CFD
DaxRobot
Products Offered
Forex, CFDs, indices, shares, commodities, cryptocurrencies, binary options
Minimum deposit
$250
Unlike conventional trading platforms, Daxrobots uses an automated trading robot to do the work for you. It has not been tested thoroughly and no conclusions can be made as to whether it works or not. The minimum deposit is also scarily high.
- Access to a demo account
- Easy registration
- Offer various deposit methods
- Highest minimum deposit fee
- Automated trading that can go wrong
- Not regulated
Products Offered
Crypto
Minimum deposit
0.01 BTC
This platform only trades in crypto. You need to have a very good understanding of the technicalities involved behind crypto coins and thus we feel this platform is in no way good for beginners os the general public.
- Wide range of banking options
- Can copy otfer traders
- Good customer support
- Only trades in crypto
- Deposit fee in bitcoin only
- Very technical