There are numerous factors that should be taken into consideration when choosing which broker to open an account with. With so many different options, it can be quite a daunting task. That’s where Who To Trade With comes in. We provide users with a safe and efficient way to find a broker that suits their needs in their region. However, since trading is incredibly complex with high risk involved, all reviews by Who To Trade With should be strictly taken as guidance and should be backed up by your own research and personal opinions.
An online broker is a person or company that acts as a middleman between an investor and a securities exchange. They place the order to buy or sell stocks on your behalf and take compensation in various ways through commissions or fees. With the advancement in technology over the years, this transaction can now take place over the internet instead of in bricks-and-mortar offices or over the phone. Since running cots of the online broker are lower, they can offer lower fees and allow customers to essentially engage in do-it-yourself trading. This puts the control into the hands of the customer allowing trades to be executed much faster than before.
If you have made the decision to start trading, you may become overwhelmed by the number of different broker options there are. You’ll need to compare each broker to decide which one suits your needs best. Whether that is based on the initial minimum investment needed, the different account fees or the amount of educational resources offered. Once you have decided on your chosen broker, you can open an investment account and be able to buy or sell stocks and other investments. Most account set-ups are fast and provide the option to start with a demo account.
If you would like some guidance with deciding on which broker to go with, you can take a look at Our Top Online Brokers page.
Are these brokers safe?
Any time you are dealing with money you need to take safety into consideration. One way to ensure this is by choosing a reliable forex provider that is regulated. Regulatory bodies enforce rules to ensure that brokers behave fairly and ethically. These rules need to be abided by in order to stay an accredited broker. When a broker is regulated, they must follow the policies, guidelines and standards enforced by the local regulatory body. They are also subject to regular audits by the supervisory authorities. When you trade with a regulated broker, transparent trading operations are ensured and your funds are held separate to the funds of the firm. All brokers that are listed and reviewed by Who To Trade With are regulated by top-tier regulators giving you peace of mind.
Please note that when dealing in online trading, Forex and CFD there is an associated high level of risk. Online trading is complex and may not be suitable for beginners/un-experienced traders. Please carefully consider your investment goals and level of experience before engaging in any kind of trading. Between 74-89% of retail investor accounts lose money when trading CFDs.