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Table of contents

  • Why Should I Use An Online Broker?
  • Is It Safe To Use An Online Broker?
  • How Can I Tell If An Online Broker Is Regulated?
  • What Should I Look For In An Online Broker?
  • Final Say

Best Online Brokerage Accounts May 2025

Updated :
February 19, 2025
Written By icon
Written By
Demi Sher
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Brokers Analysis, Marketing Automation

Content & Marketing Operations Associate | Investing.com

BA & Honors in Public Diplomacy & Affairs, The Raphael Recanati International School Reichman University | DPIJI, Daniel Pearl International Journalism Institute | HarvardX

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Choosing the right online broker isn’t always easy. With literally hundreds of options to choose from, it can quickly become an overwhelming experience. That’s why Investing.com has reviewed all of the most popular online brokers as well as some popular niche brokerages to bring you the best selection of reliable, easy to use and low-cost brokers online. Whatever your trading needs, you’ll be able to find the best broker to start you off on your investing journey.

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Best Online Brokers for May 2025

Trusted Partner
Plus500
Plus500 Review
Trusted Partner
eToro
eToro Review
NinjaTrader
NinjaTrader Review
Just2Trade
Just2Trade Review
Public.com
Public.com Review
MTrading
MTrading Review
EverestCM
EverestCM Review
Trading.com
Trading.com Review
Trusted Partner
Interactive Brokers
Interactive Brokers Review
DotBig
DotBig Review
Charles Schwab
Charles Schwab Review
Moomoo
Moomoo Review
Trusted Partner
Funding Pips
Funding Pips Review
DEGIRO
DEGIRO Review
TRADIER
TRADIER Review
EVEST
EVEST Review
For Traders
For Traders Review
MyFundedFX
MyFundedFX Review
InstaForex EU
InstaForex EU Review
Skilling
Skilling Review
Kalshi
Kalshi Review
NAGA
NAGA Review
TradeStation
TradeStation Review
Blueberry Markets
Blueberry Markets Review
Crypto.com
Crypto.com Review
EdgeClear
EdgeClear Review
Trusted Partner
Capital.com
Capital.com Review
block Not For USA Users
Axi
Axi Review
block Not For USA Users
Trade Nation
Trade Nation Review
block Not For USA Users
Octa
Octa Review
block Not For USA Users
LegacyFX
LegacyFX Review
block Not For USA Users
Admirals
Admirals Review
block Not For USA Users
XM Group
XM Group Review
block Not For USA Users
Trusted Partner
FP Markets
FP Markets Review
block Not For USA Users
Currency.com
Currency.com Review
block Not For USA Users
Swissquote
Swissquote Review
block Not For USA Users
FXCC
FXCC Review
block Not For USA Users
Trusted Partner
Exness
Exness Review
block Not For USA Users
FBS
FBS Review
block Not For USA Users
Alvexo
Alvexo Review
block Not For USA Users
eXcentral EU
eXcentral EU Review
block Not For USA Users
eXcentral INT
eXcentral INT Review
block Not For USA Users
IC Markets
IC Markets Review
block Not For USA Users
RoboForex
RoboForex Review
block Not For USA Users
Liteforex
Liteforex Review
block Not For USA Users
Instaforex
Instaforex Review
block Not For USA Users
Squared Financial
Squared Financial Review
block Not For USA Users
AvaTrade
AvaTrade Review
block Not For USA Users
BDSwiss
BDSwiss Review
block Not For USA Users
Fondex
Fondex Review
block Not For USA Users
CMC Markets
CMC Markets Review
block Not For USA Users
Tickmill
Tickmill Review
block Not For USA Users
Crypto Rocket
Crypto Rocket Review
block Not For USA Users
2Invest
2Invest Review
block Not For USA Users
AETOS Capital Group
AETOS Capital Group Review
block Not For USA Users
Vantage
Vantage Review
block Not For USA Users
AAFX TRADING
AAFX TRADING Review
block Not For USA Users
Key to Markets
Key to Markets Review
block Not For USA Users
JustForex
JustForex Review
block Not For USA Users
CapEX24
CapEX24 Review
block Not For USA Users
ADSS
ADSS Review
block Not For USA Users
Finq.com
Finq.com Review
block Not For USA Users
Merrill Edge
Merrill Edge Review
block Not For USA Users
Tiger Brokers
Tiger Brokers Review
block Not For USA Users
FinmaxFX
FinmaxFX Review
block Not For USA Users
Alpari
Alpari Review
block Not For USA Users
Arum Capital
Arum Capital Review
block Not For USA Users
Capital Level
Capital Level Review
block Not For USA Users
Libertex
Libertex Review
block Not For USA Users
NBH Markets
NBH Markets Review
block Not For USA Users
Olympus Markets
Olympus Markets Review
block Not For USA Users
Dukascopy Bank SA
Dukascopy Bank SA Review
block Not For USA Users
OINVEST.com
OINVEST.com Review
block Not For USA Users
Q8 Trade
Q8 Trade Review
block Not For USA Users
Oinvest.SA
Oinvest.SA Review
block Not For USA Users
IG Group
IG Group Review
block Not For USA Users
Forex4you
Forex4you Review
block Not For USA Users
FXCM
FXCM Review
block Not For USA Users
Moneta Markets
Moneta Markets Review
block Not For USA Users
ROinvesting
ROinvesting Review
block Not For USA Users
TD Ameritrade
TD Ameritrade Review
block Not For USA Users
E*TRADE
E*TRADE Review
block Not For USA Users
SimpleFX
SimpleFX Review
block Not For USA Users
Global.ITRADER
Global.ITRADER Review
block Not For USA Users
IFC Markets
IFC Markets Review
block Not For USA Users
Z.com Trade
Z.com Trade Review
block Not For USA Users
Hopearea
Hopearea Review
block Not For USA Users
MARKETSX
MARKETSX Review
block Not For USA Users
NordFX
NordFX Review
block Not For USA Users
TradeTime
TradeTime Review
block Not For USA Users
Nadex
Nadex Review
block Not For USA Users
Stratton
Stratton Review
block Not For USA Users
Fidelity Investments
Fidelity Investments Review
block Not For USA Users
Equiti Group Limited
Equiti Group Limited Review
block Not For USA Users
Markets.com
Markets.com Review
block Not For USA Users
Trusted Partner
Pepperstone
Pepperstone Review
block Not For USA Users
FxPro
FxPro Review
block Not For USA Users
Doto
Doto Review
block Not For USA Users
ActivTrades
ActivTrades Review
block Not For USA Users
VOYAFX
VOYAFX Review
block Not For USA Users
TRADE MARKETS
TRADE MARKETS Review
block Not For USA Users
VT Markets
VT Markets Review
block Not For USA Users
ZFX
ZFX Review
block Not For USA Users
Power Trend
Power Trend Review
block Not For USA Users
Bitvavo
Bitvavo Review
block Not For USA Users
AEX Exchange
AEX Exchange Review
block Not For USA Users
Banxso
Banxso Review
block Not For USA Users
BitMEX
BitMEX Review
block Not For USA Users
CoinEx
CoinEx Review
block Not For USA Users
Binance
Binance Review
block Not For USA Users
77Markets
77Markets Review
block Not For USA Users
KUCOIN
KUCOIN Review
block Not For USA Users
FXOpen
FXOpen Review
block Not For USA Users
IQ Option
IQ Option Review
block Not For USA Users
BingX
BingX Review
block Not For USA Users
Phemex
Phemex Review
block Not For USA Users
Coinmama
Coinmama Review
block Not For USA Users
Eightcap
Eightcap Review
block Not For USA Users
PU Prime
PU Prime Review
block Not For USA Users
JustMarkets
JustMarkets Review
block Not For USA Users
SpreadEx
SpreadEx Review
block Not For USA Users
GO Markets
GO Markets Review
block Not For USA Users
City Index
City Index Review
block Not For USA Users
American Hartford Gold
American Hartford Gold Review
block Not For USA Users
Augusta Precious Metals
Augusta Precious Metals Review
block Not For USA Users
Goldco
Goldco Review
block Not For USA Users
Birch Gold Group
Birch Gold Group Review
block Not For USA Users
Noble Gold
Noble Gold Review
block Not For USA Users
Belleofx
Belleofx Review
block Not For USA Users
Orbex
Orbex Review
block Not For USA Users
Headline.net
Headline.net Review
block Not For USA Users
FXGT
FXGT Review
block Not For USA Users
IQ Option EU
IQ Option EU Review
block Not For USA Users
AmegaFX
AmegaFX Review
block Not For USA Users
Accuindex
Accuindex Review
block Not For USA Users
Freedom24
Freedom24 Review
block Not For USA Users
Capex.com
Capex.com Review
block Not For USA Users
Neotrades
Neotrades Review
block Not For USA Users
Cerus Markets
Cerus Markets Review
block Not For USA Users
Scope Markets
Scope Markets Review
block Not For USA Users
AAAFx
AAAFx Review
block Not For USA Users
Fxview
Fxview Review
block Not For USA Users
HYCM
HYCM Review
block Not For USA Users
TMGM
TMGM Review
block Not For USA Users
Coins
Coins Review
block Not For USA Users
XTB
XTB Review
block Not For USA Users
Zero Markets
Zero Markets Review
block Not For USA Users
Bitpanda
Bitpanda Review
block Not For USA Users
Errante
Errante Review
block Not For USA Users
24Yield
24Yield Review
block Not For USA Users
YaMarkets
YaMarkets Review
block Not For USA Users
Moomoo Canada
Moomoo Canada Review
block Not For USA Users
SabioTrade
SabioTrade Review
block Not For USA Users
HFM
HFM Review
block Not For USA Users
PipFarm
PipFarm Review
block Not For USA Users
Trade.com Challenges
Trade.com Challenges Review
block Not For USA Users
Saxo Bank
Saxo Bank Review
block Not For USA Users
IUX
IUX Review
block Not For USA Users
FXmeridian
FXmeridian Review
block Not For USA Users
Bitget
Bitget Review
block Not For USA Users
Axi Select
Axi Select Review
block Not For USA Users
Fintokei
Fintokei Review
block Not For USA Users
Trusted Partner
FTMO
FTMO Review
block Not For USA Users
Focus Funded
Focus Funded Review
block Not For USA Users
Lionheart Funding Program LFP
Lionheart Funding Program LFP Review
block Not For USA Users
Fundedprime
Fundedprime Review
block Not For USA Users
Rocket21
Rocket21 Review
block Not For USA Users
PIP Traders Funding
PIP Traders Funding Review
block Not For USA Users
EBC
EBC Review
block Not For USA Users
Mind Money
Mind Money Review
block Not For USA Users
iFOREX
iFOREX Review
block Not For USA Users
Prime XBT
Prime XBT Review
block Not For USA Users
Bit panda
Bit panda Review
block Not For USA Users
VFTradings
VFTradings Review
block Not For USA Users
AvaFutures
AvaFutures Review
block Not For USA Users
Master Funders
Master Funders Review
block Not For USA Users
AMarkets
AMarkets Review
block Not For USA Users
FXTRADING.com
FXTRADING.com Review
block Not For USA Users
Zorrox
Zorrox Review
block Not For USA Users
Interactive Brokers Futures
Interactive Brokers Futures Review
block Not For USA Users
MultiBank Group
MultiBank Group Review
block Not For USA Users
Hantec Markets
Hantec Markets Review
block Not For USA Users

In the era of digital advancements, the trading landscape has undergone a remarkable transformation. Back in the day, trading operations primarily relied on paper-based systems, which were prone to various challenges due to the absence of digital resources. Fast forward to the present day, most trading activities occur online, with paper-based ledgers serving merely as backups for digital records. The advent of online brokerage firms marked a significant turning point and has since gained immense popularity.

Online trading has been hailed as an “internet revolution” by the Massachusetts Institute of Technology. Despite the widespread adoption of online trading, selecting the right online broker remains a complex task that demands thorough research. However, the rewards obtained through this process are well worth the effort.

While it is true that there are unscrupulous individuals seeking to exploit unsuspecting traders, it is important to note that there is also a multitude of reputable online brokers committed to assisting traders in their journey towards growth and success. Moreover, online brokers increasingly cater to novice investors, making it possible for individuals without prior experience to venture into online trading without barriers.

Why Should I Use An Online Broker?

Using an online broker offers several advantages compared to traditional trading and investing methods. It’s important to note that while online brokers provide numerous benefits, choosing a reputable and reliable platform is essential. Consider factors such as security measures, customer support, ease of use, and the availability of the financial instruments you’re interested in before selecting an online broker.

Here are the main advantages and disadvantages of choosing an online broker:

Advantages of Online Brokers

Convenience and cost reduction are two of the biggest advantages to online brokers. These are often quite persuasive, too. Online brokers are faster, allowing you to conduct trades with the click of a button, as opposed to a phone call to a personal broker. Online brokers are also cheaper. Bloomberg found that investors pay an average of just $5-$10 in trade fees with online brokers. These fees are cheaper than what you’ll find with a personal broker, who usually has an average fee of $150.

Additionally, online brokers often have an entire research database, which you can use when trading. Again, this vast database of market research and commentary is available at the click of a button. Lastly, most online brokers offer mobile apps, in addition to websites and downloadable clients. You can complete trades via smartphone, which is great for traders who are on-the-go.

Disadvantages of Online Brokers

As with any service, online brokers have their disadvantages. Namely, they require you to get familiar with technology that can be confusing. Not all software for trading is intuitive. If you’re not technologically proficient, getting started might be a hassle. Additionally, there are online brokers that scam people, especially victims who are not internet savvy.

Is It Safe To Use An Online Broker?

That leads us into our next topic, which is whether online brokers are safe to use. Luckily, the answer is yes, if the broker itself is legitimate and regulated. Online brokers are regulated by governing bodies like the SEC, CFTC, NFA, and FINRA. Most of the industry is heavily regulated, especially since the 2008 financial crisis, which spurred Congress to take a hard look at Wall Street.

Legitimate and reputable online brokers are established firms. They have customer reviews, regulation, and a paper trail (digital or otherwise) to their name. Again, finding a reputable broker comes down to conducting research and seeing for yourself that the broker is regulated and abides by the law.

How Can I Tell If An Online Broker Is Regulated?

Generally, you’ll be able to tell if an online broker is regulated on the broker’s website. The broker will usually list its regulation at the bottom of its website. Disclosure laws mandate that the broker include the regulation in its company information.

If not at the bottom of the website, the regulation will likely be in one of the company hyperlinks. Additionally, the major regulatory bodies in the US have their own lists of the companies they oversee. Note: if a broker is not transparent or upfront about its regulation, that is a major red flag.

What Should I Look For In An Online Broker?

In addition to making sure that an online broker is regulated, you should also look for an online broker who is high-tech, has good customer service, offers research and data tools, has fast withdrawal and deposit times, and charges fair fees and commissions. Whether you are looking for a non-specialized stock broker or a more specialized broker such as a forex broker or CFD broker, you should consider these core factors before making your decision. There are many more qualities of a good online broker, but these five are some of the biggest ones.

High-Tech Brokers

You don’t want to be constantly frustrated, spending your days trying to fix the broker’s software. That takes away from valuable trading time. Make sure a broker has a glitch-free system. Customer reviews are almost always likely to mention if a brokerage firm has technology issues, as that is universally frustrating.

Good Customer Service

Customer service should be responsive, friendly, and knowledgeable. It shouldn’t take a company more than forty-eight hours to respond to an email, and even that’s pushing it. High-quality customer support is a key indicator of a good firm.

Research and Data

A good online broker will offer you research and data tools, which can help you make decisions before you execute trades. Whether this data and commentary is self-generated or outsourced, it is an important database to have at your fingertips when trading.

Fast Withdrawals and Deposits

You don’t want to be waiting weeks for a check to appear in your account. Check to see how long withdrawal and deposit times are. Depending on the method that you use, the time for checks to clear shouldn’t exceed three days. Also, see what methods of deposit the broker accepts to gauge if they are compatible with your financial situation and preferences.

Fair Fees and Commissions

Finally, fees and commissions should affect your decision of which online broker is best for you. Fees and commissions shouldn’t be excessive, and you shouldn’t feel like you’re losing an exorbitant amount of money. Online brokers have been slashing fees and commissions lately, a trend investors hope continues. For the moment, due to the recentness of Cryptocurrency trading, you may find that Cryptocurrency broker fees are higher when compared against other non-specialized stock broker platforms.

Final Say

Again, there are many more qualities that are important, but these five are the ones most likely to stand out on the day-to-day. Read reviews that include these topics, and always conduct thorough research before settling on an online broker.


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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Services on this page might not be offered by the listed partners; please check with the provider.

Please be informed that Proprietary Trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.


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