Best Online Trading Brokers

Best Online Trading Brokers | Trading Account | CFD Trading

Best Online Trading Brokers Comparison Table
Online BrokerMinimum DepositOnline Trading PlatformsTotal Markets
$200MT4, MT5, cTrader95+
$100MT4, MT5, R Trader11,000+
$1000MT4, JForex500+
$100MT4, Web Trader & Apps300+
$100Web Trader & Apps2000+
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+
$50MT475+
$200MT4, cTrader, MT5230+
NoneMT4, Trade Interceptor200+
$50MT4, Advanced Platform, Web Trader300+
$100MT4, MT5, Web Trader & Apps2000+
$100MT4, ETX TraderPro5000+
$10Trading Platform & Apps300+
$100MT4, ParagonEx450+
$200MT4, MT5180+

Best Online Trading Brokers

These are well established regulated brokers offering online trading platforms varying from clear simplified web traders to platforms supporting automated trading and ECN trading. Some of them are well known as currency trading brokers, but all offer a range of CFD markets and trading features.

When first thinking about trading, the trader may be confronted by both choice and the problem of determining what is a good choice. This is partly because without being an experienced trader, it can be hard to know what exactly it is one wants from an online trading broker.

Brokers actually encompass a range of choice, offering different trading platforms, account types, markets to trade and types of trading. The comparison table brings together a selection of brokers offering a range of services.

It can be seen that some brokers have a relatively large number of markets to trade, some less and some a smaller number. The brokers with a large number of markets tend to offer many Stocks as CFDs or to spread bet, but they can also have more of other categories as well.

The brokers with the smallest number tend to offer ECN trading and focus on Forex, but they will also have other CFDs. ECN brokers aim to provide high speed order processing in no dealing desk intervention trading conditions, allowing the trader to connect with liquidity providers outside of the broker but through the broker and trade a range of trading styles.

To trade on a real account, the trader deposits at least the minimum deposit requirement, but may need to deposit more to trade a particular market. Some brokers have very low minimum deposit requirements. These may offer cent accounts with this deposit requirement and other accounts with a higher minimum deposit. Cent accounts allow the trader to trade small trade sizes, but some brokers may have other ways to allow the trader to use small trade sizes.

The interface the trader uses to access the services offered by the broker is the online trading platform. This can be important, but all of these platforms have similarities, with charting, charting tools, markets to trade and order information.

However some platforms focus on providing an intuitive trading experience with a web trader, for the discretionary trader who makes their own trading decisions. Others support discretionary trading, but also provide the capacity to use automated trading strategies, including MT4, MT5, cTrader and JForex.

Automated trading is not necessarily better than discretionary trading, but as the trader becomes more experienced they may find that they want to use strategies which are more suited or more feasible if performed by a computer program on their behalf. Automated trading does not have to be accessed at an ECN broker and market maker brokers can provide these services as well.

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