Choosing the right Broker for your trading is an important decision. We have outlined the 5 key things you need to consider to ensure you pick the platform that is right for you.
We have conducted an in-depth review of FCA regulated Spread Betting and CFD platforms using our own rating methodology, so you can be confident you will find a trusted Broker to help you on your trading journey – see our Ratings Methodology
Use our table below to search for a specific Broker or filter them by any one of 12 different categories to focus on what’s most important to you.
Spread Bets and CFDs are complex instruments. Between 66-89% of retail investor accounts lose money when trading Spread Bets and CFDs. Make sure you understand how Spread Betting and CFDs work and you are aware of the high risk of losing money.
Everyone has different requirements depending on their trading style and the markets they focus on. Equally Brokers specialise in different markets or have unique features which are better suited to some traders than others.
To make it easier for you we have analysed each broker by looking at over 100 individual features.
Here are 5 main things to look out for:
- Find a Broker you can trust
Only work with a regulated broker – this the golden rule. Working with a regulated broker guarantees certain standards of operation and protections.
We recommend you start with an FCA regulated Broker as they offer the best protections. Your money is safeguarded as it is kept in a segregated account and the first £85,000 of any funds held in your account will be covered by FSCS balance protection scheme.
- Make sure they specialise in the markets you want to trade
You need to make sure they have the markets you want to trade at the right price. Different brokers specialise in different markets. Some focus solely on FX and others offer 1000s of stocks and shares.
Once you have confirmed they have the range of markets that suit you, you can then compare prices and find the ones offering the best value. Use our Search Table to find out more
- Only choose a Broker with good customer service
If you have a problem, you want to know you will be able to get through to someone and have your query handled efficiently and responsibly.
Make sure they have 24/5 phone service or live chat in your native language.
- Test the Platforms
There is a very wide choice of platforms with different charts and risk management tools. Once you know what is most important to you the final choice is as much personal preference as anything else.
It always takes a while to get used to a new platform so make sure you try them out first by using a demo account. That way when you are ready to trade you won’t make any fat finger errors.
- Be aware of additional costs and don’t focus too much on the nice to have extras
Check they are not hitting you with any hidden costs like deposit fees, high overnight financing rates or inactivity fees. It is important because any costs come out of your profit margin and trading funds.
While it is nice to have good Education, Research and News resources these should not play a crucial role in your decision making.
There is a lot to think about so that is why we’ve reviewed each broker in detail to help you find the best broker for you.
We believe the most important thing is for you to find a Broker you can trust and to know your money is safe. As a result, we only review FCA Regulated brokers who hold client money in a segregated account and are part of the FSCS balance protection scheme.
Once a broker passes this initial litmus test, we conduct an in-depth review, testing over 100 data points in 12 different categories, to provide you with detailed information about each broker.
The 12 key categories are:
- Regulation, Security and Reputation
- Range of Markets
- Account Types
- Funding & Withdrawals
- Pricing & Execution
- Commissions & Fees
- Risk Management Tools
- Customer Service
- Education Resources
- Research & News
We give a rating for each of the categories so you can see how well each broker fares in the categories most important to you.
The ratings are displayed out of 5 but are in fact a percentage. So if a broker has a 4.4 rating for a category that is extremely high at 88%. So don’t be put off by a rating as low as 3.5 as that is still 70%.
To make sure our reviews are independent and fair
- We rate each of the 100+ data points according to a predetermined set of rules so each broker is tested in exactly the same way
- We don’t give preferential treatment to one broker over another
- We don’t offer an overall rating or ‘best for’ categories which could artificially inflate the perception of one broker over another
If you do decide to go ahead with one of the brokers listed in the table below and click through one of our links we may receive an Introductory Fee. If does not affect the amount you pay. This is how we can afford to keep up to date reviews and run the website.
The most important thing is you find the right broker for you. Do your due diligence. Email us if we can be of any further help and we will do our best to assist you.
|Company||Regulation||Markets||Spreads||Trust Rating||Markets Rating||Account Types Rating||Funding & Withdrawals Rating||Pricing & Execution Rating||Commissions & Fees Rating||Platforms Rating||Charts Rating||Tools Rating||Customer Service Rating||Education Resources Rating||Research & News Rating||Find Out More|
|Key to Markets
||FCA , DMCC , FSC||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Variable and fixed only for Indices in hours From GBP/USD 0.5, EUR/USD 0.2, FTSE100 1, Wall St 3||4.3||2.3||3.9||5||3.4||2.5||0.9||4.4||2.5||3.9||0.2||2.2||Our Review View Platform|
|XTB XTB||Coming Soon|
||FCA , ASIC , CIMA||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Variable From GBP/USD From 1.6, EUR/USD From 1.4, FTSE100 2.3, Wall St 3.38||4.4||1.6||2.8||4||0.9||4||4.1||3.9||2.8||3.9||4||3.3||Our Review View Platform|
||FCA , ASIC , CySEC , FMA , FSCA , MAS||CFDs only FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Fixed - subject to change see website for details From GBP/USD 0.7, EUR/USD 0.6, FTSE100 2.8, Wall St 3||4.4||3.5||2.2||3.1||2.4||2||3.6||3.3||2.5||3.3||0.4||1.1||Our Review View Platform|
||FCA , JSC , DMCC||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Variable From GBP/USD 2.3, EUR/USD 1.6, FTSE100 1.2, Wall St 1.5||4.3||1.9||2.8||2.5||2.4||2||3.6||3.8||2.5||4||2.9||3.3||Our Review View Platform|
||FCA , ASIC , CySEC||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Fixed From GBP/USD 4, EUR/USD 3, FTSE100 1.5, Wall St 2.4||4.2||2.9||2.8||4.1||1.8||1||3.6||3.5||2.5||2.8||4.2||4.4||Our Review View Platform|
||FCA , ASIC , DFSA , SVG||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Variable From GBP/USD 1.2, EUR/USD 1.2, FTSE100 1, WallSt 1.6||4.3||1.9||3.3||3.3||1.5||3.8||3.6||3.1||4.7||4.4||5||2.2||Our Review View Platform|
||FCA , ASIC , FSCA||FX, Indices, Shares, Commodities, Crypto, Bonds, Options, ETFs||Variable From GBP/USD 0.4, EUR/USD 0.4, FTSE100 0.8, WallSt 1||4.1||2.1||2.8||3.6||2.8||5||5||4.8||3.1||4.4||0.6||3.3||Our Review View Platform|
Should I have more than one account?
Yes for different markets and strategies – on average people have 2.4 accounts Yes for different markets and strategies – on average people have 2.4 accounts *investment trends
What is the difference between an FCA and a CYSEC licensed broker?
Read our Regulation Blog
Where can I find out more about differenet licenses and regualtors?
Read our Regulation blog
How do I know my money is safe?
Read our Regulation blog