Best Online Broker

A crucial part of online trading is finding a reliable broker that's going to help you make the best possible decisions when deciding to invest.

Brokers are these licensed people or firms for buying and selling stocks from the market. These firms have been evolving throughout the passing of time. It started via telephone, and it would be super costly to hire one. Nowadays, you can do a simple online transaction for much less than what it would have cost you back then.

However, there are loads of brokers out there, and some work better than others. You probably want to find the best one to make sure your investment is in safe hands. Nonetheless, it can be quite challenging to do this when you’re a beginner.

That’s why we tested several of the most famous brokers we could find online to recommend you the ones that worked best with us. We anonymously created an account to test each platform’s deposit and withdrawal process and then ranked them on the following lists.

Keep reading to find out which brokers are the best for helping you begin your journey in the world of trading.

TOP Brokers 2022

On the following list, you are going to see the best online brokers we examined. These are ranked based on the quality of their features and how user-friendly and straightforward their progress is.

Online brokers aren’t only high-tech platforms for you to trade stocks in the easiest possible way. They also help you analyze changes on the market, sharpen your decision-making skills, and even provide you advice during your trading journey. Brokers also work as a long-term portfolio that registers every upgrade you make while learning about trading.

Now, you’re probably wondering which are the best online brokers on the market right now. Check them out.

Best Stock, Shares & ETF Brokers 2022

5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions
4.9/5
Leverage of up to 1:30
Tight spreads
Minimum deposits as low as $100
Plus500 Review OPEN ACCOUNT *Risk is involved with all trading actions
4.8/5
$20 minimum deposit by card
No fees For Deposit, Withdrawal and Real-time Quotes
More than 6,000 markets
Capital.com Review OPEN FREE ACCOUNT 83.45% of retail investor accounts lose money when trading CFDs with this provider.
4.7/5
Leverage up to 1:500
Minimum deposit of $250
Wide range of spreads
Exness Review OPEN FREE ACCOUNT *Risk is involved with all trading actions

Brokers are also classified depending on what they’re qualified to trade. Some of the most famous assets for trading are stock, shares, and ETF. Stock and shares are usually used as interchangeable terms, as the difference between them is minimal. Usually, when people refer to “shares,” they mean the ownership of one particular company; meanwhile, the word “stocks” has a broader definition and can imply the ownership of a part of several companies.

However, an exchange trading fund (ETF) can be traded the same way you would trade a stock or share, but they’re not the same. ETFs are a type of security that tracks any asset. One ETF can contain all kinds of investments while still having an associated price which allows it to be traded like regular assets.

The online brokers on the following list are the best-specialized brokers for trading stocks, shares, and ETFs. Therefore, if you’re interested in diving into this market, you should check them out. We’ve anonymously tested each one of them by trading all of the mentioned assets, and the high-quality technology made the process a lot more effortless than other brokers we’ve tried.

Best CFD Brokers 2022

4.9/5
Leverage of up to 1:30
Tight spreads
Minimum deposits as low as $100
Plus500 Review OPEN ACCOUNT *Risk is involved with all trading actions
5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions

CFD or contract for difference is a trading modality that has been gaining popularity throughout the years due to being a fantastic way of trading in markets that are heading downhill or going through tumultuous times. It consists of a contract between a buyer and a seller, which stipulates that once a certain time has passed, the buyer must pay the seller the difference in the asset’s value without considering the underlying value.

This way, you never really own the asset, but you obtain revenue due to the fluctuation of its value. You must pay special attention to the margin of income and financial projection of the asset so you can decide on all the details of this agreement.

On the following list, you are going to see some of the best brokers we’ve tested for CFD. If you’re interested in this type of investment, these are sure to help you make the whole process a lot more straightforward and provide you with the needed information for making good trading decisions.

Best Forex Brokers 2022

5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions
4.5/5
Demo account
No deposit fees
Works with auto-trader bot
ForexTB Review OPEN FREE ACCOUNT *Risk is involved with all trading actions
4.5/5
Leverage up to 1:500
Minimum deposit of $250
Perfect for knowledgeable traders
Vantage FX Review OPEN FREE ACCOUNT *Risk is involved with all trading actions

Trading Forex consists of trading different foreign currencies in a global marketplace for a wide variety of reasons, such as increasing their portfolio or speculating on political events. This is one of the largest and most liquid markets nowadays since its reach covers the entire world.

Some people who aren’t into investing might even trade Forex for commercial or touristic reasons. Hence why most Forex transactions are done “over the counter.” Forex’s market is also open 24/7 in several cities around the world, and the currencies are traded as exchange rate pairs.

However, you can use Forex to invest rather than commercial use. Investors that decide on Forex usually buy and sell currencies at a higher or lower rate depending on the predictions of the market at a given moment. That’s why the rates of this market are constantly changing, and investors usually have to be extremely quick to make good calls for their business.

If you plan on getting into the world’s biggest trading market, you’re going to need a broker of quality that’s going to give you top-notch advice and guide you through your first steps. On the list below, we mentioned the Forex brokers that we thoroughly tested and gave the best results.

Best Crypto Brokers 2022

5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions
4.8/5
$20 minimum deposit by card
No fees For Deposit, Withdrawal and Real-time Quotes
More than 6,000 markets
Capital.com Review OPEN FREE ACCOUNT 83.45% of retail investor accounts lose money when trading CFDs with this provider.
BTC Tradings Logo
4.6/5
Web-Based Platform
Excellent customer support
Variety of tradable assets
BTC Tradings Review Review OPEN FREE ACCOUNT *Risk is involved with all trading actions
4.5/5
Excellent Demo account
User-friendly
Safe and Secure
Naga Review OPEN FREE ACCOUNT *Risk is involved with all trading actions
4.5/5
Leverage up to 1:500
Minimum deposit of $250
Wide range of spreads
1Market Review OPEN FREE ACCOUNT *Risk is involved with all trading actions

Trading cryptocurrencies is probably the trendiest trading market right now. We’ve been hearing about them for years, and they’ve revolutionized the financial world as we know it. These are digital currencies that differ from the ones we regularly use because they’re not backed by any tangible assets. They’re secured by blockchain technology and can be sold like any other currency on the market.

The most famous are Bitcoin, Ethereum, Cardano, Dogecoin, Tether, etc. However, thousands of cryptocurrencies keep popping up in marketplaces every day, waiting for you to create a business out of them.

These currencies can either be mined or traded. If you choose to mine them, you are going to need high-quality machinery called mining pools, as it consumes immense amounts of energy to do it. However, anyone can trade cryptocurrencies from their homes. You can even save up a good number of cryptocurrencies and use your wallet as you would typically use your savings account.

If you choose to do this, brokers are the best way to go. On this list are the best crypto brokers we’ve worked with. Thus, they are sure to help you better understand the whole cryptocurrency market and make better decisions when trading.

Best UK Brokers 2022

4.9/5
Leverage of up to 1:30
Tight spreads
Minimum deposits as low as $100
Plus500 Review OPEN ACCOUNT *Risk is involved with all trading actions
Investous logo
4.7/5
User-friendly web-based trading platform
TipRanks and Trading Central provide trading tools.
Forex trading costs are low since there are no commissions.
Investous Review Review OPEN FREE ACCOUNT *Risk is involved with all trading actions
investmarkets logo
4.5/5
Works with auto-trading software
Various educational and training materials
No deposit fees
InvestMarkets Review Review OPEN FREE ACCOUNT *Risk is involved with all trading actions

The London Stock Exchange is the largest trading market in Europe. It is physically located in London, and its creation goes back as far as the mid-1600s. This market has gone through several changes since it once opened. One of the most significant changes was the Big Bang, which was the decision of the government to deregulate the market and promote free-market competition. This rapidly positioned the LSE as the huge market it is today.

Moreover, this market is controlled by the Financial Conduct Authority, which helps to keep the industry stable and legal. If you’re looking to get into the UK trading market, the best option you’ve got is to find a broker that’s used to working with UK traders. In the following list, you’re going to find the best UK brokers we tested.

Best Australian Brokers 2022

5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions
4.5/5
Leverage up to 1:500
Minimum deposit of $250
Perfect for knowledgeable traders
Trade360 Review OPEN FREE ACCOUNT *Risk is involved with all trading actions
eXcentral Logo
4.5/5
You can use a trading bot with it.
Daily market news and an economic calendar
MT4
eXcentral Review Review OPEN FREE ACCOUNT *Risk is involved with all trading actions

The Australian Securities Exchange is one of the newest trading markets, as it started its operations in 2006 when the two main Australian markets were merged. This is a very beginner-friendly market, as it provides educational resources for its new investors, and it pays special attention to its cybersecurity.

It is regulated by four main bodies that integrate the Council of Financial Regulators. The first one is the Australian Prudential Regulation Authority, which supervises and stabilizes all financial institutions in Australia. Then, we’ve got the Australian Securities and Investments Commission, which ensures every financial institute is legal and performing as it should.

On the other hand, we have the Reserve Bank of Australia, which mitigates and deals with all financial risks of the nation. Finally, we have the Australian Treasury, which analyzes and creates economic policies.

We tested and analyzed the best online brokers for diving into this market and settled on the following list.

Best Broker for International Trading

5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
eToro Review OPEN ACCOUNT *Risk is involved with all trading actions

Every investor’s dream is to reach international exposure, as this is a fantastic bonus for their portfolio and allows them to diversify their income. However, this is more complicated than regular trading, as you need to find a certified international broker.

These brokers are strictly US-based and regulated, which accepts buying and selling assets on the international market. Additionally, these brokers must operate 24/7 to ensure complete market coverage.

After a thorough review and investigation, we determined the best broker for international trading.

Best Broker for Beginners

If you’re new to the investing business, your needs are way different from anyone who already knows the market’s ins and outs. You are going to need a broker that provides for quality and solid education, such as tutorials, articles, videos, and several online contents for you to check out and learn before starting to trade.

Additionally, one of the features that beginners love the most is having a user-friendly interface that makes the whole process a lot easier and a helpful customer support team to answer any doubts they might have. We analyzed these factors and decided which is the best online broker for beginners.

Best Broker for Options Trading

Options trading consists of having the right but not the obligation to buy a certain asset, which gives you many more options than simply buying stocks or ETFs. Nonetheless, you’re probably wondering about the most searched features that a broker must have to be suitable for this type of trading.

It’s simple; a good options trading broker has several advanced options for these types of trades, as well as mobile options for trading on-the-go, low-cost options for saving up some cash when deciding to invest. This is a fantastic way of expanding your portfolio. Hence, we searched for the best broker for options trading out there.

After extensive research, we finally found one broker that meets all of our expectations.

Best Broker for Day Trading

Day trading can be a big step for every investor’s career, but it is not an easy path. Even the most experienced traders can suffer losses if they don’t make the right choices at the right time. However, to ensure this path is as easy as possible, one essential thing is finding an adequately suited broker for day trading.

Some of the features that a day trading broker must have are advanced day traders, a charting platform for day traders, low-cost day trading to save as many expenses as possible, and of course, an interface as user-friendly as possible. We kept all of these features in mind when examining all the day-trading brokers we could until we finally settled on the best one.

Best Broker for Low-Costs

If you’re looking to cut as many expenses as possible, or your starting capital isn’t as big as you would like, then a low-cost broker is the best option for you. However, you need to be careful, as usually low costs are too good to be true.

Some of the features you need to keep an eye on are low margin rates, fractional shares, and low-cost options. All of these integrate a fantastic broker for low costs. That’s what we focused on while looking for the best low-cost broker on the market.

Online Brokers Regulation

Every business needs to follow some rules to ensure everything is being done correctly. Even online trading, which is somewhat of a new business, has several authorities that settle rules that we must follow to avoid scams or prevent doing anything illegal by accident.

That’s why you should search for a broker that states its regulations. This way, you make sure you know which rules to follow and how to ensure your safety while trading.

If you want more information on this topic, you can learn more by clicking here.

Demo account

Now that you have seen the best online brokers out there, we recommend trying their handy demo accounts and playing around with each software to see which one suits you the best. All of them are paid software, which is why it’s a good idea to test them out before paying for them.

The best options available are eToro and Plus500; you could start with those and decide whether you want to commit to them or not.

2022 recommended Brokers
Not recommended Brokers

This review wouldn’t be complete if we didn’t tell you about some of the worst brokers we tested. Our team had a terrible experience with them, and they didn’t fulfill our expectations of what good service should be

You can check out their full review. However, we do not recommend subscribing to them.

Conclusion

Now that you've reached the end of this article, you know everything you need to find the best online broker for beginning or improving your trading business. In summary, our most recommended broker is eToro, as it has reached all our expectations and has incredible features that are meant to make your trading a lot easier and help you make better decisions when investing.
5/5
100% stocks, 0% commission
83.7 % AVERAGE YEARLY PROFIT OF OUR 50 MOST COPIED TRADERS FOR 2020
Minimum deposits as low as $200
OPEN ACCOUNT *Risk is involved with all trading actions

You can check out its free trial and see for yourself why it is the right broker for you.