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FX Empire’s top picks for the best online forex platforms. We evaluated each platform for functunality, ease of use, trading features, charting library and customizability.
FX Empire’s top picks for the best CFD brokers. We evaluated each broker for its regulations, trading platforms, customer service, variety of assets, account types, and commissions.
FX Empire’s top picks for the best spread betting company. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best forex brokers in UK. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best forex brokers in US. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best forex brokers in Australia. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best forex brokers in Canada. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best MT4 (MetaTrader 4) Forex brokers. We evaluated each broker for its regulations, trading platforms, commissions, customer service and more.
FX Empire’s top picks for the best MT5 forex brokers. We evaluated each broker for its regulations, trading platforms, commissions, and customer service.
Find FX Empire’s top picks for the best copy trading and social trading brokers and learn more about the benefits of social trading.
FX Empire’s top picks for the Islamic trading accounts (Sharia / Swap-free). We evaluated each broker for its regulations, trading platforms, commissions, and customer service.
FX Empire’s top picks for regulated forex brokers. We evaluated each broker for its trading platforms, currency pairs, commissions, and customer service.
Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Find FX Empire’s top picks for the best FCA regulated forex brokers and learn more about the benefits of FCA regulation.
Find FX Empire’s top picks for the best NFA regulated brokers and learn more about NFA regulation.
Find FX Empire’s top picks for the best CFTC regulated brokers and learn more about the benefits of CFTC regulation.
Find FX Empire’s top picks for the best CySEC regulated forex brokers and learn more about the benefits of CySEC regulation.
Find FX Empire’s top picks for the best ASIC regulated forex brokers and learn more about the benefits of ASIC regulation.
FX Empire’s top picks for the best brokers for beginners. We evaluated each broker for its regulations, trading platforms eas of use, trading features, customer service, education materials, account types, and commissions.
FX Empire’s top picks for the best forex brokers for scalping and advanced traders. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best forex bonus and promotions. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
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FX Empire’s top picks for the best gold trading brokers. We evaluated each broker for its regulations, trading platforms, customer service, account types, commissions and more.
FX Empire’s top picks for the best oil trading brokers. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
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Latest User Reviews
Really like the customer service of Itrader. I’ve just opened for myself the world of trading (less than a month ago) but it’s really going well for now. To be honest I lost some money in first few weeks, but with the help of great educational center I’ve learned so much. Next month plan – more learning and first withdrawals.
Four months ago I downloaded the FBSCopytrade App and it really is quite intuitive, very comfortable to use from your mobile and it is quite agile when copying to your selected trader. I would like more professional traders to join, however the amount they have is quite interesting.
I have traded with this broker for about 1 year, this broker offers wide range of assets, variety services and multiple payment method, customer support is pretty good
I’m a Forex beginner (part time trader, sometimes just for fun). So I frequently need support about tools (MT5, for me), account balance etc. And they support is of easy access and beginner friendly. That is great for me.
functional broker, good support and platforms, they have slightly higher spreads
we do need more reviews like this, very detailed and thank you for sharing, they do have a good over rating which made me join them 4 months ago, and so far im really pleased with how things are going. good execution and suprisingly they might as well have the fastest withdrawals.
Well described. I’m in a busted stage, no problem with this broker yet, I’ve tried some demo, unfortunately it could have been longer, but I can learn, now I’m in the stage of trying it hard, and so far it’s a bit as expected
Low spreading. The initial investment is not too high. High leverage available. The rate of replenishment and withdrawal, in my case, a maximum of 2 days of withdrawal, mainly 1 day at Skrill and the bank at no additional charge. Support is always available through chat and responds quickly.
He empezado a invertir con la ayuda de mi gestor estoy contento por que he comprobado que si es real que era lo que más me preocupaba he hecho ya 2 retiros y me han llegado iremos viendo como va
I am really grateful to Mr. Tommy Denis for his help in my trading life, i really benefited greatly from his profit am getting from his trades with his strategies given to me without any fee, I was once an epitome of losing and I thought Binary & Forex Trading isn’t real and too good to be true, but now am currently earning great profits, and I was finally able to recover all the money that my brokers(s) took from me without allowing me to withdraw all through his help i really thank him for his support and I just have to share it here that all are not the same as we think they are, they are really people who are God fearing and kind to be with, you can contact him via his Email: [email protected] if you have a problem and he might want to help with his kind heart.
Really good customer support dint expect them to be genuine and also helped a lot.
Best ETFs Brokers in 2020
Investing can be a daunting task for most people. Keeping up to date with all the salient information regarding one company let alone an entire portfolio can be a challenge. Investors need to stay aware of considerations such as; whether their stocks are spread across industries adequately to balance risk, whether a company’s financial statements suggest stability, or whether the price is at a point where action needs to be taken.
It’s no wonder that legendary investor Warren Buffett has been quoted saying “the best strategy for the vast majority of people is simply to buy low-cost ETFs”.
In this article, we cover how and where can you buy ETFs, and walk you through our top picks of the best (and cheapest!) ETFs brokers.
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What are ETFs & why should I buy them?
Exchange Traded Funds (“ETFs”) are investment funds traded on stock exchanges, much like ordinary shares. These funds invest in securities and often track well-known indices such as the S&P 500 or the FTSE 250, but can also focus on a specific industry, asset class, region of the world etc.
Due to their size, these investment funds offer a level of diversification that most investors could not get themselves, at least without investing vast sums of money and paying large transaction fees. When you buy a share of an S&P 500 ETF, you own a piece of a fund that itself owns shares in all 500 companies on the index. This way, you not only significantly diversify your portfolio but also get the performance of the S&P 500.
One last advantage of ETFs is their liquidity and very low fees. While active funds and mutual funds may have low liquidity and high performance fees, ETFs are extremely liquid and typically charge fractions of a percentage point in annual management fees called “expense ratios” (vs. 0.50–2% for many mutual or index funds).
Our criteria for selecting our ETF brokers?
How many ETFs does the broker list? How much does the broker charge in transaction fees? How user-friendly is the broker’s platform? Does the broker offer mobile trading? Does the broker allow you to purchase ETFs directly or through CFDs? Where is the broker licensed? Is the broker reputable?
Best ETFs Brokers in 2020
1. eToro: Leading broker for direct and CFD ETFs trading in Europe
In recent years, eToro has become one of the most popular brokers in Europe, with over 5 million users and thousands of financial instruments including hundreds of ETFs offered directly or via CFDs.
Long and non-leveraged orders on ETFs are executed as direct investments and are offered free of commissions. Short and leveraged trades on ETFs are made via CFDs, for which eToro charges a 0.09% spread and overnight/weekend rollover fees that vary between long & short trades.
With its user-friendly web & mobile trading platform, its newsfeed and handy charting, risk management & comparison tools, eToro makes ETF trading seamless for beginner and seasoned investors alike.
Last, a unique feature of the eToro experience is the CopyTrader system, allowing you to browse the past performance and risk profile of other traders, decide which (if any) of them you wish to emulate and automatically replicate their trades. This not only allows you to copy experienced ETF traders, but also to get inspiration for ETF trade ideas from other market participants!
- ETFs can be bought directly or via CFDs for more flexibility
- No commissions & competitive ETF CFDs pricing
- CopyTrade platform makes it easier to trade & find ideas
- ETFs unavailable to US clients
2. Stash Invest: The best experience in mobile ETFs trading for beginners
If you are based in the US and new to the world of investing, don’t have a lot of money to invest or simply are looking for an easy & fun way to trade ETFs on the go, look no further than Stash Invest!
Stash Invest is a mobile app that makes ETF & stock investing easy, by offering you dozens of pre-selected ETFs classified by industry or style (e.g. “Inflation Defense”, “Match the Market: Growth”, “Internet Titans” etc.). Stash not only allows you to buy hundreds of popular stocks or curated ETFs, it also makes it possible to buy fractional shares starting at $5: instead of investing in a $2,000 Amazon share, you may simply invest $20 and own 1% of an Amazon share! This makes it easier for people with a tight budget to participate in the performance of specific stocks and ETFs that may be costlier.
Stash does not charge commissions, instead offering 3 separate plans for $1, $3 and $9 per month that all allow investing in full or fractional shares but offer a differing range of options. The ETFs it offers have relatively low expense ratios on average, and all the relevant information (composition, risk etc.) can be accessed easily via the app.
Last, Stash Invest offers a wide variety of handy tools for the hands-off investor, such as automatic dividend investment, Auto-Stash (specify how much you want to automatically invest, when and in what) and a free bank account with additional perks depending on your plan.
- ETF investing made simple for beginners
- Fractional shares & no commissions
- Auto-invest and dividend reinvestment
- Can be too simplistic for more seasoned investors
- Monthly account fees despite no commissions
- Not available outside US
3. M1 Finance: A hybrid robo-advisor making portfolio management & passive investing seamless
M1 Finance is both a robo-advisor and online broker based in the US and offering over 2,000 ETFs. M1 Finance offers a style of investing called Pie Investing: users build their portfolio as “pies” with up to 100 “slices” representing different investments (specific ETFs, stocks etc.). The pie is simply a visual representation of the content of your portfolio, and you may build your own or choose between over 80 preset pies (e.g. replicate the holdings of Berkshire Hathaway, of famous hedge funds, or build a “green growth” portfolio).
Once you are happy with your pie and have transferred your funds, M1 will do the investments for you. What makes M1 Finance particularly useful is the option to buy fractional shares, allowing you to own very expensive stocks or ETFs without having to put up the money for a full share.
The web platform and the mobile app are very easy to use, and the visual nature of the pies makes portfolio management very intuitive. Over time, the parts of your pie that perform well will take up a larger proportion of your portfolio, and M1 offers automatic rebalancing, automatic dividend reinvestment and recurring deposits options to allow full hands-off investing.
Last, M1 Finance does not charge commissions, account opening fees or management fees, but you will still be charged the ETF expense ratios (outside of M1’s control). Note that M1 only allows to trade once a day as a way to keep low costs, so it is not designed for day traders.
- No account fees & no commissions
- Designed for easy and hands-off investing
- Offers fractional shares
- May not be fully suited to beginners
- Trade only once a day
- Not available outside US
4. Forex.com: A well-established broker offering advanced tools for CFD ETFs trading
Its web-based and mobile platforms are very easy to use, and it offers full integration with popular desktop trading platforms like MetaTrader 4 and 5. On web & desktop platforms, Forex.com gives users access to a wide panel of analysis & research tools to inform your trading decisions. Together with its extensive library of trader education resources, the many tools Forex.com offers makes active ETF trading much simpler for intermediate and seasoned traders alike.
On the pricing end, since ETFs are offered only via CFDs, Forex.com charges a mix of commissions and spreads depending on your chosen account type: Standard (traditional spread pricing, available on their own platform or MetaTrader), Commission (very narrow spreads and commissions on trades) and Direct Market Access (professional account reserved to traders with multimillion-dollar monthly trade volumes).
As an established broker with clear pricing, great analysis tools & an ETF offering via CFDs, Forex.com will suit the needs of more active traders taking directional views on specific indices and markets.
- Well-designed and intuitive platforms
- Low spreads, various account types, clear fees
- Plenty of analysis & research tools
- More Forex-focused, despite offering a wide range of ETFs
What key information should I look for before choosing an ETF and where can I find it?
With thousands of ETFs traded on dozens of stock exchanges, including ETFs on the same indices offered by different providers (e.g. Blackrock iShares Core S&P 500 vs. Vanguard S&P 500), you may wonder how to understand the key points & differentiating factors of each ETFs.
Thankfully, all ETFs come with a very short Key Investor Information document that makes understanding them much easier.
How to read an ETF’s Key Investor Information document
The first section typically involves objectives & investment policy, in other words, what the ETF is trying to do (replicate the performance of the S&P 500, multiply by 2 the inverse performance of the price of gold etc.), how it does it (use of derivatives, frequency of rebalancing etc.) and what it offers on the side (dividend distribution policy, lending shares to short-sellers etc.).
The second section involves risk and returns: the ETF provider will typically show you a sliding scale highlighting the level of risk and of expected return, although you will have inferred this information from the ETF’s objectives.
The third covers fees, and details how much the ETF will cost per year. While ETFs normally do not include performance fees, pay special attention to the “ongoing charges” (or “expense ratio”, the percentage of your investment that will be charged annually to cover the ETF’s costs) and to the conditions & amount of the entry & exit charges (usually, this will not apply to retail investors going through brokers, but it is worth checking).
The fourth will show detailed information about past performance of the fund & of the index it tracks: do not forget that past performance is not indicative of future performance!
Last, the fifth section will give a few more indications on the fund’s residence, tax policy and other relevant terms for investors.
How can I incorporate ETFs into my trading strategy?
You can trade ETFs via a broker in two main ways: via direct investment (i.e. directly owning shares in ETFs in your brokerage account) or via CFDs (i.e. not directly owning shares but “betting” on the direction of its returns with your broker). See our guide for more details on how to trade CFDs.
ETFs alone can be great investments. The cheapest ETFs will often be the ones tracking major indices and will deliver market performance and great diversification in return for very small management fees. As such, focusing purely on ETFs can be a great strategy for passive investors or investors without the time or resources to build their own portfolio.
You could also add ETFs to your existing portfolio of stocks & other assets to further diversify and offer a larger passive performance component to your portfolio. ETFs are not just about tracking the market: they allow you to participate in the performance of specific assets or industries, or match a specific investing style.
For example, pharma & biotech are two industries notorious for their very high return potential and for their high risks. Unless you’re a specialist, you probably should steer clear from picking stocks in those industries: pharma or biotech ETFs will allow you to gain exposure to these markets while limiting the likelihood of losing everything on a single-stock bet. Similarly, if you want to be more focused on small caps or on value stocks, you will easily find “factor ETFs” that will offer you a turnkey investment option with very low fees.
Last, being long or short ETFs can be an active trading strategy allowing you to place directional bets on specific markets or industries without having a view on individual companies. If you think oil prices are likely to tank and airlines are likely to profit, you may want to go short oil companies ETFs and long airlines ETFs instead of going through the process of picking individual stocks to trade in each industry.
Regardless of how your investing style and risk profile, ETFs will be a great addition to your portfolio!
The Bottom Line
Whether you’re a beginner or a seasoned investor, run a hands-on or hands-off portfolio, or prefer to trade on the go rather than from your desktop, our guide to ETFs investing and our recommendations of the best and cheapest ETF brokers will give you the tools you need to start investing in this great asset class!
Compare Top UK Forex Brokers
UK Forex brokers are considered amongst the best in the World. Compare companies that offer forex trading platforms online.
All the brokers are authorised and regulated by the Financial Conduct Authority (FCA) where client funds are segregated and protected under FSCS. Note: If you want to convert one currency to another and send money abroad you need a currency broker.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Featured brokers appear first. Learn about how brokers are ranked.
|Featured Forex Broker||What Forex pairs can you trade?||How much does Forex trading cost?||CEO Interview||More Info|
|With IG, you can choose to trade more than 80 currency pairs – from majors, such as GBP/USD to exotics such as HUF/EUR. You can trade these forex pairs via CFDs or spread bets.||Get spreads from just 0.6 points on pairs like EUR/USD with the UK’s No.1 FX provider.||Trade forex on over 300 forex pairs, including EUR/USD, GBP/USD and AUD/USD, plus our customised range of 12 forex indices.||Spreads on EUR/USD, AUD/USD and USD/JPY start from just 0.7 points. CMC USD Index spreads from 0.25.||Trade 61+ currency pairs with deep liquidity with pricing from multiple sources.||Get some of the lowest forex spreads on the market with raw spreads from 0.0 pips on Razor accounts||Read Tamas Szabo CEO Interview||Visit Pepperstone||Trade on 84 global FX pairs like EUR/USD, GBP/USD and USD/JPY at City Index with fast execution and tight spreads||Trade forex CFDs, DFT or spread bets with tight spreads from 0.5pts on major FX pairs||Coming Soon|| Visit City Index
What is Forex trading?
Forex trading or FX trading (short for Foreign Exchange Trading), can be defined as converting the currency from one country in to the currency of another. As a trading market it is the most active in the World because;
Our guide what is forex trading covers, why and if you should trade forex, what forex pairs to trade, types of forex orders, what are the main risks of forex trading, trading forex around economic figures, technical analysis versus fundamental analysis as well as managing fx risk.
What is forex trading our video interview
Our video interview, with Ryan O’Doherty, Head of Product Development at CMC Markets can help explain what forex trading is.
How to choose a Forex Broker?
We include the top ten Forex brokers above because they each meet the following criteria:
So, if you are new to forex trading or looking for the best broker to trade forex with, then you have come to the right place. Because we set high standards as to the brokers we include within our comparison you can be confident that the brokers included here are amongst the best in the World.
There are hundreds of FX brokers offering access to the FX market so customers can trade forex online.
We aim to help new and experienced FX traders find a secure and safe broker for their trading.
The Best Forex Brokers that offer trading on MT4
MT4 is one of the best trading platforms for speculating on the FX market. There are around 600 brokers that provide access to MT4 through their Forex accounts. However, of the 600 only a handful are really any good and offer significant value above the competition. MT4 brokers gives traders some of the best tools in the market from. Automated trading signs, expert advisers for professional traders, technical analysis and indicators it is well worth choosing a trusted MT4 broker for forex trading.
Best Forex trading accounts for trading EURUSD, GBPUSD and USDJPY online
The top three traded currency pairs are where the best brokers win business from their competitors. Many Forex brokers now offer access to over 10,000 asset classes from UK, EUR, and US shares, indices, commodities to fixed income. But the majority of trading volume will go through the most liquid Forex pairs, EURGBP, USDJPY and GBPUSD.
Which currency pairs can I trade forex in?
Most brokers will let you trade on a large number of forex currency pairs. Some of the most popular major currency pairs are;
Most brokers will let you trade on any currency pairs you may wish to, whether that includes the GBP or not, but if you have a specific currency pair in mind it is worth making sure that you check with each broker you are considering opening an account with to ensure you can invest in those particular currencies.
Foreign currency pairs to trade
USD (United States dollar) currency pairs
Euro currency pairs
Major Forex brokers in the UK – a quick summary.
Here’s a summary of the major Forex brokers in the UK. The list offers a concise overview of the biggest, best and most respected forex brokers in the business – all UK based and regulated by the FCA.
Three key points to look for in a Top Forex brokers
It’s important when you choose a forex broker that you understand the risks and rewards of trading foreign exchange online. These key features of any good Fx broker will mean that your expectations are met, your funds are protected, you get a good level or customer service. Our comparison and broker reviews can give you an idea of the pros and cons of each Forex broker to help ensure you are confident in choosing a broker whether you are switching or picking one for the first time.
Trading Forex through an options broker.
Options brokers offer a limited risk way to speculate on the forex markets. You can trade FX options via brokers like Saxo or the market leader IG. However, if you are looking to hedge currency exposure with FX options, OTC FX options from deliverable brokers like RAM or Assure Hedge offer that facility.
Forex Broker Reviews – “top five” Recommended FOREX Brokers…
If you want to find out a little more about the best FX brokers take a few moments to read our reviews. All Forex brokers reviewed are of good standing and authorised and regulated by the Financial Conduct Authority. However, if you would rather take profits tax free you may want to think about reading up on the best forex spread betting companies which can offer tax free profits.
Our top picks for the best forex brokers of 2020
In our 2020 awards, we shortlisted the best forex brokers for speculating on foreign exchange. Here is a breakdown of who we think are the best forex brokers at the moment:
Three of the best UK forex brokers for beginners and what makes them different
If you have never traded forex before and are looking for the best forex broker for beginners we’ve put together a handy list of three forex brokers that are a good place to start.
So, here are three of the best forex broker for beginners to get you started.
If you want to compare the best forex brokers in the UK you can view our forex broker comparison table.
When looking for the best forex broker for beginners you need to look at three things:
Every forex broker needs to start somewhere so if you are a beginner in the world of forex trading then the below information should help;
1. Is the forex broker regulated by the FCA in the UK?
If you are trading in the UK this is really important. If you are a beginner to FX trading it is imperative that you are protected as a client. Never ever, trade with a broker that is not regulated by the FCA. When a forex broker is regulated by the FCA, it means that client funds are protected by the FSCS.
You can look up whether or not a broker is regulated by the FCA on the FCA register here
2. What sort of forex market access do they offer?
If you are a beginner to trading forex, you will probably be focusing on a few major currency pairs like EUR/USD, GBP/USD, and USD/JPY. These tend to be the most heavily traded and as such have good liquidity (lots of it to trade) and volatility (moves about a lot).
However, as your forex trading develops you may want to start trading commodities, stocks, or indices. Whilst the majority of brokers offer limited access to markets, the brokers we think are best for forex beginners are the ones that offer a broad range of things to trade.
Who knows, one day you might like the look of the bund, bobl and schatz markets. It would be a pain to not have them on your forex trading platform too.
3. How easy to use is their trading platform for forex beginners in the UK?
Forex is essentially just an up-down bet on a currency pair so it’s best to start off with an easy to use platform. Most forex brokers will offer a platform called MT4, which can be either mega easy or mega complicated (depending on how the broker has set it up.
However, good forex brokers for beginners in the UK should have their own platform for trading too. These in-house platforms are often easier to use. So the brokers we’ve highlighted as being good for UK forex beginners all have their own platform.
Plus, forex trading is hard enough, without having to deal with an overly complicated, hard to use platforms.
Best forex brokers with small minimum deposits
If you are looking for the best forex brokers minimum deposit then consider choosing a forex broker that offers small deposit sizes.
If you new to forex trading one of the most important things to get right first is your choice of forex broker. At the Good Broker Guide we only feature forex brokers that are regulated by the FCA, based in the UK and where client funds are protected by the FSCS.
Each of these brokers can offer an account with minimum deposit of only £100.
It’s important that when you search for the best forex brokers minimum deposit that you bear in mind that trading forex is risky. If you only have a small amount of money to trade with and are just interested in seeing if you can beat the market never trade with more than you can afford to lose.
Which Are The Best Forex Brokers For Large Accounts (deposits & volume)?
If you are a big forex trader, you need a forex broker that caters for large clients. The key features to look for in Forex broker for large accounts are how financially secure the broker is, how reliable the trading platform is for large volume or high volume and the experience of the brokers who can offer telephone support.
Dealing with experienced brokers who regularly service high net worth clients and large accounts (by large we mean £50k plus) is that they are able to deal with trading errors and issues quickly and commercially. If you choose the wrong broker a simple mistake can turn in a huge problem if not dealt with swiftly.
Here are three Forex brokers that service high net worth individuals with large Forex accounts
About The Author
Richard founded the Good Money Guide (previously Good Broker Guide) in 2020 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.
Best Binary Options Brokers 2020: