Broker Reviews

Choosing the Best Broker

When it comes to Forex trading and stock trading, one thing they have in common is the need for a broker to finalize your purchases. With a seemingly endless number of brokers out there all claiming to be the best, how can you know who to trust? Trading 101 is proud to announce that we've added a broker review section to our website to allow Forex traders and stock traders to quickly compare dozens of the best brokers available online, and provides them with all the information that they'll need to choose which service is right for them.

What sets Trading 101 apart from the hundreds of other broker review sites on the internet? We're so much more than just a brokerage review site. Trading 101 is your complete one stop shop to beginning your Forex trading, stock trading, or cryptocurrency trading journey. We offer a complete library or resources to help you learn how to use trading tools and develop a strategy, ensuring that your trades will be profitable. We offer video tutorials that lay out the steps to making a trade in simple language that beginners can understand, and we offer hours of reading material in our ebooks section so you can learn how to trade and transfer from anywhere in the world, and we even host period webinars hosted by some of the most forefront experts in the Forex trading and stock trading fields, so you can get your information right from the source.

Our broker reviews section also provides a unique benefit over other sources as well, and it can be found in Trading 101's independence. At Trading 101, our team prides themselves on providing unbiased and honest reviews of brokerage firms and individual brokers; we don't have any incentive to censor information or leave you in the dark because we aren't associated with a brokerage firm. We give you all the facts that you need to make an informed decision about where and how to trade ont he market of your choice, and we never withhold information on brokers just because it's not flattering. You can depend upon Trading 101 for straightforward facts and the honest reviews that you need to turn your Forex trading information into a heavier bank account.

The best part about Trading 101's unique vision and setup? It's available to you right now all for free. With a few quick clicks, you can sign up for an account with Trading 101 and begin getting the knowledge that you need to start Forex trading like a professional. Trading 101's website is easy to navigate, and offers simple solutions for beginner who are interested in learning the ins and outs of stock trading or cryptocurrency trading. When you log onto Trading 101, you can trust that you'll be getting professional trading advice straight from some of the best Forex trading and stock trading experts in the world who remember what is was like to be a beginner as well. It's the perfect time to take advantage of this offer from Trading 101 and start getting access to broker reviews, daily trading signals, educational resources, and much, much more.

Instead of taking the risk with your money and making expensive beginner mistakes, invest in your education with Trading 101. There's no reason to wait any longer to sign up for your free account with Trading 101 and begin learning about how you can make money in your spare time through Forex trading and cryptocurrency trading. Take the next step towards a more fulfilling financial future today and get started with Trading 101. 

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Trading Conditions

Trading Conditions such as Execution speed is something that is generally overlooked as a broker’s bad execution reputation is usually suppressed with a hefty marketing budget. By regulation, brokers are obliged to provide traders with the best possible execution, however due to potential revenue streams which occur when rerouting an order, execution speed can slow down significantly.

Customer Service

Choosing a broker with a solid Customer Support Department is essential for any trader as query response times are vital, especially during moments of uncertainty and can help avoid potential losses. Brokers should be able to solve any questions a trader may have regarding trading, whether that falls within general platform enquiries, questions regarding costs or technical problems.

Withdrawals

A major aspect of a broker is how fast withdrawals are processed. Obviously, fast withdrawals keep clients happy, but also give them a sense of safety, that the broker is trustworthy and very liquid. Try to look for a broker who processes withdrawal requests within approximately 24 hours. Note that times vary depending on amou

Regulation

Perhaps the most important element to look for in a broker, is the regulation a broker has. Regulation dictates a lot of things, ranging from safety of funds, risk management procedures, capital adequacy ratios and much more rations which are designed to alleviate the risks of insolvency. New regulators are formed in various jurisdictions around the world very often which have lower requirements than well-known established regulators such as the FCA (UK). This is not to say that clients trading with FCA regulated brokers are free from all risks, but they do tend to offer a safer environment for traders.

Commissions and Fees

Newbie traders usually don’t pay attention to the costs of trading as they are lured in registering an account with a broker due to remarkable promotions such as high deposit bonuses, online competitions, and so on. There are several costs that all traders should be aware of such as: Transaction Fees: Make sure that you trade with a broker that covers any transaction fees, as if one does not, it’s a pretty clear sign that the broker has just started operating. Spreads: Go through our Spread Analysis to identify the broker you are interested in and compare spreads. Commissions & other Fees: Some brokers offer zero spread accounts such as ECN, which have Commissions. These can also be compared in our Spread Analysis.

Platforms and Tools

The Metaquotes MT4 Platform is the most used trading platform around the world due to its ease of use, along with its compatibility with Expert Advisors, Indicators and other tools that traders use for trading. Several brokers have created their own platforms in an effort to become independent from the platform giant, however they are still behind, mostly due to the ecosystem of tools available on MT4.

Broker Rating Min Deposit Bonus Leverage Platform Regulation
XM 4.7
$5 100%
Deposit Bonus
888:1
  • MT4
  • MT5
  • MT4 Web
  • FCA
  • CySEC
  • ASIC
FXTM 4.6
$5 100%
up to $300
1000:1
  • MT4
  • MT5
  • CySEC
  • IFSC
  • FSB
  • FCA
eToro 4.4
$1,000 Variable
Promotions
400:1
  • eToro Social Trading platform
  • CySEC
  • FCA
AvaTrade 4.3
$100 35%
Deposit Bonus
400:1
  • MT4
  • AvaTradeAct
  • AvaOptions
  • ZuluTrade
  • DupliTrade
  • JFSA
  • CBI
  • FSB
  • ASIC
  • FSC
Ameritrade 4.1
$2,000 60 Days
Zero Commissions
50:1
  • thinkorswim
  • Trade Architect
  • Ameritrade Web
  • CFTC
  • SEC
Exness 4.0
$3 Variable
Promotions
200:1
  • MT4
  • MT5
  • MT4 Web
  • CySEC
  • FCA

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