Broker Reviews USA 2021

Find Your Broker With Our Online Broker Reviews & Online Broker Test

Looking for a reliable broker review? As more and more firms look towards merging their daily operations into an online experience for users, it becomes difficult selecting one specific service provider. With so many brokers offering personalized online trading, it might be an overwhelming experience – that’s where our online broker test comes in.

We hope to uncover which brokers provide the best services for traders, and in doing so, make your process of finding the right broker, an easier one.

 

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Stocks
Crypto
Futures
Forex
ETF
Rating
98/100
Order Fee National
0.12%
Order Fee International
0.18%
Deposit Protection
$500,000.00
Rating
94/100
Order Fee National
0.06%
Order Fee International
0.20%
Deposit Protection
$500,000.00
M1 Finance Review Visit Site
Rating
93/100
Order Fee National
Order Fee International
Deposit Protection
Webull Review Visit Site
Rating
89/100
Order Fee National
Order Fee International
Deposit Protection
Rating
85/100
Order Fee National
Order Fee International
Deposit Protection
Firstrade Review Visit Site
Rating
96/100
Minimum Deposit
10.00€
Deposit Protection
20,000.00€
Amount of Currencies
34
BTC/USD Spread
25
Coinbase Review Visit Site
Rating
92/100
Minimum Deposit
$10,000.00
Deposit Protection
$500,000.00
Amount of Currencies
4
BTC/USD Spread
0,1
Rating
88/100
Minimum Deposit
$100.00
Deposit Protection
£50,000.00
Amount of Currencies
3
BTC/USD Spread
35
Rating
80/100
Minimum Deposit
$0.00
Deposit Protection
$500,000.00
Amount of Currencies
4
BTC/USD Spread
1 %
Rating
80/100
Minimum Deposit
500.00€
Deposit Protection
20,000.00€
Amount of Currencies
7
BTC/USD Spread
20
Rating
88/100
Contract Fee
$0.65
Deposit Protection
$500,000.00
Demo Account Available
yes
Rating
85/100
Contract Fee
Deposit Protection
Demo Account Available
no
Rating
80/100
Contract Fee
$1.50
Deposit Protection
$500,000.00
Demo Account Available
yes
Rating
80/100
Contract Fee
Deposit Protection
Demo Account Available
no
Rating
80/100
Contract Fee
Deposit Protection
$50,000.00
Demo Account Available
no
Rating
95/100
Minimum Deposit
$10,000.00
Deposit Protection
$500,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Web
Rating
92/100
Minimum Deposit
Deposit Protection
Maximum Leverage
Trading Platforms
Webull Review Visit Site
Rating
89/100
Minimum Deposit
$100.00
Deposit Protection
£50,000.00
Maximum Leverage
1:50
Trading Platforms
Android
iOS
MT4
Web
Rating
80/100
Minimum Deposit
$0.00
Deposit Protection
$500,000.00
Maximum Leverage
1:50
Trading Platforms
Android
iOS
MT4
Web
Rating
80/100
Minimum Deposit
$0.00
Deposit Protection
$250,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Rating
92/100
Order Fee National
1.00€ + 0.12%
Licence
SEC - U.S. Securities and Exchange Commission
Saving Plans Available
yes
Rating
90/100
Order Fee National
Licence
SEC - U.S. Securities and Exchange Commission
Saving Plans Available
no
Webull Review Visit Site
Rating
85/100
Order Fee National
Licence
CIMA - Cayman Islands Monetary Authority
Saving Plans Available
no
Rating
85/100
Order Fee National
Licence
CFTC - Commodity Futures Trading Commission
Saving Plans Available
no
Rating
85/100
Order Fee National
Licence
FINRA - U.S. Financial Industry Regulatory Authority
Saving Plans Available
no
Firstrade Review Visit Site

Who Should Make Use of Our Online Broker Test & Comparison?

In the current socio-economic climate, markets are erratic, making your job of investing and trading that much more complex. At the very least, we hope to streamline the decision-making process. Our aim is to provide our readers with expert online broker reviews, for every type of trader.

Our online broker reviews are written for traders from all walks of life. We conduct our online broker reviews in a way that provides beginners and professional traders with an idea of which online broker caters best for their specific needs.

The fact of the matter is, there really is something for every trader. Today, brokers continue to buck the trend and are certainly pushing the envelope in terms of innovative trading platforms. What we’ve come to realize is, although the services on offer become more complex and personalized, they’ve also become far more accessible and easy to understand.

We’ve included a wide range of online brokers in our broker reviews USA comparison, some of which provide services to active traders. These online brokers offer customizable and complex trading platforms. However, we’ve also included brokers that aim to offer accessible trading services to newcomers. Here, beginners are welcomed with streamlined tools and easy-to-use platforms.

As is the case the world over, firms are providing customers with individualized experiences, tailored to your needs and preferences. Our comparisons aim to identify which online brokers service your needs best! The bottom line being, there’s an online broker for everyone.

Supplier Checklist: 5 Steps For a Secure Trading Experience With Online Brokers 

It’s easy for online firms to make promises to potential customers. Each firm, and in this case online broker, will advertise and claim to offer a secure, personalized, and innovative trading experience. Taking an online broke at their word might not always prove a prudent undertaking. We don’t blame you if you’re slightly wary in this regard. That’s where TradersBest.com comes in. As we’ve explained, we’re here to take the burden off your shoulders and identify the best online brokers via our online broker reviews. Below are five steps you should take in order to mitigate any unforeseen circumstances. It will also provide you with the ease of knowing you’re able to identify brokers that provide secure trading experiences.

Identify Your Trading Needs and Preferences 

Before you’re able to choose the right broker, you’ll need to identify your trading needs. What is it you wish to achieve?

If you’re a beginner and require educational support, you’ll want to find a broker that caters to newcomers. If you’re an active or professional trader, you’ll be looking for a broker with advanced trading features and customizable tools. It’s important to ascertain what your needs are in this regard. Our online broker reviews have noted that certain brokers appeal to both the novice and professional. Others have tailored their platform in order to target traders with little or no experience. Many established brokers demand high minimum deposits and supply elaborate, complex trading platforms to their customers.

Are you looking for the best online broker for ETF in USA? Or perhaps online stock brokers USA are what you’re in need of.

Once you have a better idea of what it is you wish to do and achieve, the selection process will be that much easier!

Associated Costs and Fees 

As we mentioned in the previous section, many brokers insist that you find your account with a minimum deposit that might seem excessive to some. For professional traders, this might be the norm. Subsequent fees on trades, markets data, and associated services won’t be an issue.

However, for newcomers, who wish to start small, you’ll need to find a broker that allows for small initial deposits and even fractional investing. Pricing plans can eat into your monthly profit while account fees for inactivity and exceeding the minimum account balance, will be enough to put you off. Our online broker tests identify brokers that cater to individuals who do not wish to incur a large initial capital outlay. There are some fantastic brokers who allow you to open an account for free. Similarly, you’ll find account plans priced as low as $1 per month.

Understand your financial constraints, or budget and plan accordingly. Our online broker reviews have identified brokers that cater to every type of customer, no matter the financial status.

Which Trading Products Are on Offer?

If you’re an active trader, you’ll have a better understanding of which financial instruments you prefer to trade with. Many beginners have a great theoretical understanding of trading, but due to inexperience, don’t know which instruments they prefer to trade with. Once you have a better idea of this, you’ll be able to narrow down brokers that offer what you’re after. Trading in stocks is a good place to start. While exchange-traded funds might be the next reasonable step. However, who’s to say? Many traders have a niche interest. Forex trading in USA or cryptocurrency trading can be two such interests. We can help you find the best online broker in cryptocurrency.

It’s important to stay abreast of current happenings and to realize what you find most interesting. Once you’ve done so, finding the correct broker will be that much easier. This brings us to our next step.

Availability of Demo/Free Account 

You might be wondering; how do I find out which trading products are for me? Active traders might be thinking the same thing. For all our readers, a great place to start in order to trade, is by using a demo account. Some brokers do offer demo account services, while others don’t. But, for the most part, you’ll be able to access some sort of free demo account which allows you to trade virtual stock. This is also true for other commodities, bonds, and derivatives. Head over to our best online broker for bond in USA guide for more information.

Not only is it good for finding out which financial instruments you might enjoy trading, but it allows you to experience the trading platforms of the given broker. Our online broker test is wholly concerned with the usability and functionality of the provider’s website and subsequent trading platforms. It’s great and you’ll find what works for you and what doesn’t. There’s no better way than putting an online broker to the test, other than physically opening an account and funding it to trade. But, we’re not quite there yet!

Affiliated Member of a Financial Authority

Lastly, another important aspect is to make sure that our and your online broker test identifies if the broker in question is a member of recognized financial authorities. Our online broker test has a section dedicated to this. We also identify whether or not a broker has implemented regulatory and deposit protection. If you wish to do so for yourself, visit the official website of the broker in question. Scroll to the bottom of the page. You’ll find that brokers mention if they’re a member of any regulatory or financial authority. In most cases, you’ll find that credible brokers are members of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Commission (SIPC). This is a clear indication of whether the broker is compliant and operating within its financial and legal purview.

Provider Recommendations – Our Top Online Brokers 

What we’ve come to experience, is that the top online brokers share some of the same properties. Each broker attempts to personalize the experience and stand out from the pack, but the fundamentals stay the same.

From intuitive trading platforms to informative educational resources; from streamlined sign-up processes to convenient funding methods, there are certain properties that an online broker must implement in order to be taken seriously. These properties are non-negotiable from a customer standpoint and we urge you to keep an eye out for online brokers that fail to deliver in this regard.

Our broker reviews outline these properties for you. However, you’ll also come to realize which operational facets and properties you deem most important. For our readers who are professional traders, you’ll have already identified which services you cannot go without.

Some of these properties to look out for include a strong customer service department, a selection of funding methods, diversified trading products (dependent on your own trading preferences), the availability of a demo account (especially for beginners), educational resources, and customizable tools and research functions (particularly for active traders). Our online broker test will provide you with insight into all of these properties and identify which online brokers are leading the way in terms of innovation and customer satisfaction.

Find the Right Provider For You 

We’ve introduced a new tool which makes it that much easier for our readers to find a new provider. If you’re actively looking for a new online broker or would like to change from your current one, our broker reviews USA comparison tool will help you do so. Our online broker tests are most important in providing an extensive report on each individual broker. In addition to this, our comparison tool has been implemented in order to summarize the most important points and provide you with a direct comparison.

You’ll be able to identify which brokers share similar traits and identify ones that offer the services you’re looking for – all without having to sift through a swathe of information. If, after reading our online broker tests, you’ve narrowed it down to two or three brokers, the comparison tool might be the deciding factor. Please refer to it for any clarification that you need. It’s a convenient way of quickly comparing two providers and in our experience, always provides a definitive answer.

Conducting an Objective Test  

With each online broker review, we conduct a stringent and objective analysis of the broker in question. From creating accounts to reviewing the entire investor package on offer. We follow a methodical approach to our broker tests. No rock is left unturned. As we are not affiliated with any particular online broker, it is our mission to provide unbiased, fact-based reviews. Each broker is rated according to several categories we deem of utmost importance.

Online Broker Comparisons – How to Test

At TradersBest.com, we aim to provide you with insightful thorough broker comparison reviews. You’ll have all the necessary information at your disposal to make an informed decision. You’ll rest easy knowing you did so by using a comparative, objective point of view. In our actual broker reviews, you’ll find a range of facets we take into account. We provide overall ratings to each broker based on their performance in these categories. The following sections refer to some of the categories we use for our objective testing and it’s what you can expect to find when reading our online broker reviews USA.

Usability

We take great pride in offering you a user-friendly and hopefully, enlightening, experience on our website. We expect the same from the online brokers offering their services to you. By visiting the official websites and creating demo accounts, we’re able to identify which brokers offer customers the best user experience. Ease of navigation and low-latency is important, especially when you’re trading on a daily basis. You’ll want to know that your chosen broker is able to provide a consistent interface that is innovative and intuitive.

Trading Platforms 

One of the most important aspects of an online broker is the trading platforms employed. Nowadays, you can expect a range of different platforms, each serving a certain trader or trading product. However, the standardized platforms one can expect include a web, desktop, and mobile platform. These three provide users with sufficient access wherever they may find themselves. We’ll assess the strengths and weaknesses of each platform and rate them accordingly.

Payments and Deposit Protection 

Funding your account shouldn’t be a hassle and you’ll definitely want to know that your money is safely secured. We’ll do a deep dive into the security measures and protocols put in place by each online broker. Sensitive information must be encrypted and stored securely. We’ll identify which type of security certificates are in the possession of the brokers, and list all possible payment methods. Nowadays, it’s relatively easy funding an online account. We’ll outline the steps you need to take in order to link your broker account with your chosen payment method.

Customer Service 

We value our readers, and put special emphasis on the ability of providers to look after their own clients. A strong customer service department is a fundamental building block to the success of any online company. Staying engaged with clients and addressing any queries or problems is vital. We’ll outline all the available contact information and communication avenues at your disposal. For traders, this is especially important. Trading can be an around-the-clock endeavor and we’ll ensure you know exactly how to get hold of your provider, no matter the time of day.

Trading Products 

A large slice of our broker comparison reviews analyze the trading products on offer by each respective broker. Whether you’re looking for the best online futures brokers in USA or the best online broker for gold in USA, we will outline the available trading products that you can expect to trade with if you sign up with a broker. We’ll provide you with clarity on the pricing of each trading product and to what degree, you have access to various exchanges. We’ll link this to the available platforms you have at your fingertips and which go hand in hand.

Conclusion – Broker Reviews Round Up

We hope that you find our online broker reviews helpful and that they act as a guide in your decision-making process. The broker reviews will be updated to reflect accurate, current information and you’ll always have up-to-date online broker deals and promotions available at the click of a button. We’re set on providing our readers with expert tips and knowledgeable reviews that make your life easier.

To end off, we’d like to mention that choosing an online broker should be an exciting experience. The world of online trading might be volatile and unexpected at times, but it’s stimulating and empowering too. Having the ability to manage your own finances and make accurate, informed choices is a fantastic thing. In order to do so, you’ll need a broker that you can trust. Our broker reviews will provide you with just that – an online broker with the right capabilities.

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