Find the Best Broker Legally Operating in Your Country
The BrokerSelect tool from Traders Union makes the broker selection process easier by allowing traders to choose their preferred criteria, such as asset class, minimum deposit, and payment options. A trader simply provides answers to the questions and the tool then generates personalized recommendations, offering a curated list of companies that meet the specified criteria!
CloseOption
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1
United States -
1
Belgium -
2
United Kingdom -
2
Poland -
3
Czech Republic -
3
Moldova
Nadex
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2
United States
BinBot Pro
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2
United Arab Emirates -
3
United States
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4
Spain -
4
France
IQcent
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1
Spain
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4
United States
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4
United Kingdom
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2
Germany -
2
Israel
Raceoption
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2
Spain
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2
France
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5
United States
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5
United Kingdom
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3
Germany
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3
Israel
VideForex
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3
Spain
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3
France
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6
United States
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6
United Kingdom
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4
Germany
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4
Israel
What to look for when choosing a Forex broker?
When choosing a broker, you need to pay attention to such key factors as the regulation, trading conditions (commissions, leverage, etc.), availability of training and functionality of the trading platform, reputation. This will allow you to find a reliable financial partner for comfortable and safe trading.
What to look for when choosing a binary options broker?
When choosing a binary options broker you should ensure that there is regulation and that the company complies with local and international laws. It is also important to study trading conditions (profitability, the possibility of early closure of transactions, types of options, variety of assets). Additional criteria - availability of training, reputation among traders.
What to look for when choosing prop trading companies?
Regulation, a good reputation among traders, loyal conditions for obtaining financing and profit distribution principles are signs of a good prop company. Also pay attention to the availability of training and qualified support.
What to look for when choosing a crypto exchange?
The first step is to check the regulation and reputation of the exchange. Second step - pay attention to the choice of supported crypto assets, liquidity and commission policy. It is also important to have opportunities for passive income through staking, through investment programs, etc.
What to look for when choosing a stock broker?
The key factors when choosing a stock broker are the availability of licenses from reputable regulators and a good reputation among traders. Also pay attention to trading and non-trading commissions, platform functionality, and variety of assets. Additional advantages will be the availability of high-quality analytics, free training, and good customer service.
How We Evaluate Brokers
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years' experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. When compiling a rating of the best brokers providing services in the financial markets, we use a unique methodology. The assessment is based on 100+ parameters. The most important are:
Trading Account Opening
To evaluate this parameter, our experts check the simplicity of the procedure, the list of required documentation, the speed of processing the application, the availability of instructions and qualified support. Convenience and ease of opening an account form a trader’s first impression of a broker.
User Satisfaction
Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.
Regulation and Safety
We check the availability and authenticity of the licenses held by each company. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:
- Level 1 (high level of trust): CFTC, FINMA, FCA, ASIC, CBI, JFSA, MAS, FMA, IIROC, SFC.
- Level 2 (medium level of trust): CySEC, FSCA, CBRC, SEBI, ISA, SECT, DFSA
- Level 3 (low level of trust): FSC, FSC, FSC, VFSC, SCB, BMA, CIMA
Commissions and Fees
We conduct a comprehensive analysis of the broker's commission policy, what trading and non-trading fees the company charges (for deposits/withdrawals, subscriber services, inactivity). Detailed information about commissions can be found in the broker's profile on the Traders Union website.
Account Types
When assessing the types of accounts with a broker, our experts pay attention to the size of the minimum deposit, trading conditions (spreads, leverage, availability of swaps, etc.), and financial instruments. The choice of a specific account type (Cent, Standard, ECN or other) should be made by the user taking into account investment goals and trading style./withdrawals, subscriber services, inactivity). Detailed information about commissions can be found in the broker's profile on the Traders Union website.
Deposit and Withdrawal
To evaluate the convenience of depositing and withdrawing funds, our experts check the available deposit and withdrawal methods, minimum and maximum amounts, and possible commissions. Also assessed is the possibility of using different currency accounts and the processing time of the transaction.
Investment Options
In addition to an account for active trading, many brokers also offer opportunities for passive income. Traders Union checks whether the broker offers such options for earning money, such as managed accounts, PAMM/MAM, copy trading, automated trading, etc.
Customer Support
We will definitely evaluate the available communication channels with support (phone, email, social networks, etc.). The easier you can contact company employees, the faster traders can resolve current technical, organizational and financial questions.
Additional Trading Tools
Our experts check the availability of additional analytical tools that will help you better navigate the market situation and accept reasonable conditions. This includes an economic calendar, a trading calculator, financial news, etc.
Education
We check what educational and informational tools to users, including webinars, tutorials, podcasts and articles, the broker offers. The presence of a high-quality training base will allow a trader to quickly get used to the financial markets.