01The best online brokers for beginner traders
Buy and sell what you want, add a stop loss, set a profit target and that's it. Beginning traders need a good selection of the most popular single stocks, forex, commodities and indices, as well as a fair, transparent and simple pricing that charges them, ideally, not per trade but a small percentage fee.
Markets.com and HYCM in our opinion are the two best brokers for those who want to get their feet wet in the financial markets without too much complexity -- And the following will explain why we think so.
Each of these brokers provide their customers with access to a wide range of markets, like Forex, Shares, Indices, Commodities, Metals and Cryptos. Both are regulated by CySEC. HYCM is also regulated by FCA.
Also, both allow traders to benefit from low trading costs. Let's say you have a $100 account and you are opening the minimum possible positions on EURUSD. Your costs then will be as low as $0,2 per trade at Markets.com and $0,1 per trade at HYCM, under normal market conditions.
In addition, both brokers provide you with an opportunity to use not only the MT4 platform, but also their own web-based solutions so you can trade directly from your browser on any OS installed on your computer. iOS and Android apps are available as well.
Our business model is that in addition to what our users pay when they use our services, we also receive money from our partner brokers who are looking for new customers. That's why we can offer you the Premium subscription, free of the monthly subscription fee for 12 months if you use our link to sign up, deposit and start trading at Markets.com now.
Once you have opened an account and made a deposit, please send an email to premium@tradimo.com with the name of your broker, your name and email address with which you signed up at the broker.
02The best online brokers for advanced traders
Advanced traders already have a good idea and understanding of what they expect from their broker. Usually, it’s a comprehensive trading platform, professional additional trading tools that help e.g. with technical analyis, fast execution and, of course, low costs, mostly still on a variable percentage fee basis instead of fixed costs per instrument or trade.
FxFlat and GKFX meet all of these standards. Here you can enjoy trading with low costs starting from just 0.7/0.8 pips on EURUSD, use MultiTerminal and benefit from a personalised approach to active traders.
FxFlat offers a solution for heavy traders with a large trading volume, which includes conditions adapted to your trading behaviour, monthly refund and lowered spread.
GKFX offers its customers various trading tools such as Tradeworks, Autochartist, Trading Central, VPS and MT4 Booster.
FxFlat and GKFX meet all of these standards. Here you can enjoy trading with low costs starting from just 0.7/0.8 pips on EURUSD, use MultiTerminal and benefit from a personalised approach to active traders.
FxFlat offers a solution for heavy traders with a large trading volume, which includes conditions adapted to your trading behaviour, monthly refund and lowered spread.
GKFX offers its customers various trading tools such as Tradeworks, Autochartist, Trading Central, VPS and MT4 Booster.
We can offer you the Premium subscription at 20% discount per month if you sign up, deposit and trade actively (every month) at FxFlat or GKFX now. Active trader is a trader, who makes at least 5 standard turn lots per month.
Once you have opened an account and made a deposit, please send an email to premium@tradimo.com with the name of your broker, your name and email address with which you signed up at the broker.
03The best online brokers for professional traders
Being professional traders ourselves, we know how important it is to have access to a wide range of markets from one single platform and have low, fixed trading costs per instrument with real market spreads entirely without any markup whatsoever.
Both CapTrader and EXANTE have very strong positions here. CapTrader offers Trader Workstation (which is one of the most popular platforms among professionals), AgenaTrader and both web and mobile solutions.
EXANTE also offers an excellent solution – their own platform with easy access to 45.000+ instruments. This platform is available for Mac OS X, Windows, Linux, Android, iOS and Web.
Trading costs start from $0.01/share (minimum 2 USD per trade) on US shares at CapTrader and $0.02/share at EXANTE. Commission for trading on other markets are low as well. Because of fixed commissions, you can save a lot of money on every single trade, comparing to a percentage based model, especially for large accounts.
Let’s take a look at the example: you buy 100 shares of Amazon at the price of $1,000 each, so your position size is $100,000. If you pay a fixed fee of $0.02 per share, your trading costs for opening this position are only $2. But, if you trade with a broker charging percentage based fee, let’s say it’s 0.015%, it already makes it $15 for opening your position, which is 7.5 times more, than you pay with a fixed fee. It’s a huge difference!
We can offer the Premium subscription, free of the monthly subscription fee for 12 months, if you sign up, deposit and trade actively (every month) at CapTrader now. Additionally, we can offer you the Premium subscription at 20% discount per month if you do the same at EXANTE and trade actively there. Active trader is a trader, who makes at least 5 standard turn lots per month.
Once you have opened an account and made a deposit, please send an email to premium@tradimo.com with the name of your broker, your name and email address with which you signed up at the broker.
etoro
Social trading
WHY
Popular investor program
REGULATION
FCA
MINIMUM DEPOSIT
$200
AVERAGE SPREAD
3.0 pips
Your capital is at risk
ayondo
Social trading
WHY
Deposit protection up to 500K
REGULATION
FCA, BaFin
MINIMUM DEPOSIT
$100
AVERAGE SPREAD
3.0 pips
Your capital is at risk