Online Broker comparison: Are you interested in the world of trading? Then you need the right platform to get started! You are in the right place. We have created a comparison of online brokers! Technological development and technical advances allow you to trade wherever you are through these online brokers, so if you want to shine in this area, you must first consider certain selection criteria. We have established throughout this article, a comparison of the best online brokers, to help you choose the broker that can fully meet your needs.
6 Steps to Choosing the Right Online Broker
Before choosing the online broker that can meet your needs as a trader, you must make a selection approach systematic. Indeed, the main objective of trading on the stock market is to generatevantageuse and quickly gain. To achieve this, you are required to take into consideration certain broker selection criteria, particularly for online brokers.
To make the right choice on an online broker, you must follow these different steps:
- Determine your needs depending on the type of trader
- Choose the trading style that matches your profile
- Set up your trading plan aimed at reducing the risk of loss on the stock market through good management of your funds and maximizing your earnings
- Using the comparison of online brokers, identify the best deals who come to you
- Determine training and analysis tools necessary in order to carry out your trading plan and obtain better performance
- Select broker that suits your trading style and trader profile
Best Broker for Beginners September 2024
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The A'svantages and Disadvantages of an Online Broker
The advent of NICTs (New Information and Communication Technologies), such as the Internet or web applications, have objectively improved the field of finance. Indeed, this has provided countlessvantages to financial players such as online brokers or stock market investors. However, our analyzes have demonstrated certain disadvantages of online brokerage which do not go unnoticed.
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AvaTrade โ The Best Broker on the Platforms
Since its creation in 2006, AvaTrade continues to improve its trading platformsvantage traders. This online broker operates worldwide through international regulatory authorities like the JFSA, FCA, ASIC, etc. Moreover, AvaTrade promotes its services in France thanks toAMF approval.
Le online broker comparison demonstrated that the largest hasvantage byAvaTrade lies in the fact that it has several specific, professional trading platforms that allow beginners and professionals to break into trading. However, this online broker loses points since it does not allow the opening of a real account, requires inactivity fees and restricts the deposit method to credit card and bank transfer.
How to Open a Trading Account in September 2024
1. Go to the site Vantage 2. Complete the Registration Form 3. Make a First Deposit (โฌ1000 recommended) 4. Start Trading! |
BDSwiss โ The Best Broker by Account Type
BDSwiss is an online broker, specialized in Forex and CFD trading since 2012. This broker operates in France under theAM authorityF. In terms of regulation, BDSwiss is regulated by the Cypriot authority as well as internationally approved regulators.
BD Swiss is a reference in automatic trading via MetaTrader. It actually has the best trading tools to offer precise market analyzes to your needsvantage. In addition, resorting to improving its security system thanks to technological advancement also promotes securing your investments during operations.
That said, some platforms offered by BDSwiss often encounter significant bugs. On top of that, the educational content is either in German or English.
FXCM โ The Best Listed Broker
FXCM was established in 1999. This broker is one of the oldest online brokers. He is mainly known for his continental regulations. Indeed, FXCM has international sites and offices such as Australia, South Africa and the United Kingdom to guarantee regulation anywhere in the world. He also has a licenseapproval by the AMF.
FXCM also guarantees the transparencye in asset negotiations. In addition, it offers reduction bonus for active traders and offers a low fee schedule. This online broker is also renowned for its tight spreads and his qualitative educational content.
However, there are some downsides to trading with FXCM that you should consider. First of all, if you transact via bank transfer, you will be subject to rather high fees. You also won't be able to get live titles on stocks and ETFs. Without forgetting that the online broker fixes the leverage effect.
IG Markets โ The Best Broker in the Choice of Financial Products
From our comparative list, we can deduce that IG Markets is the most experienced online broker. Since 1974, under the regulation of the major regulatory authorities of the stock market, this broker offers to trade on more than 17 financial instruments. IG Markets also holds a AMF license which authorizes it to operate in France.
IG Markets has developed popular trading applications for stock market investing. Moreover, it offers free withdrawals on each means of payment available in the market. This broker also offers you to trade on Forex with very low fees. However, CFD trading fees are quite high, and customer service can still be improved. This information actually stems from a online broker comparison.
XM โ One of the Best Brokers in Trading Tools
XM is an online broker that has been operating since 2009. This broker promotes its brokerage services around the globe through international regulations such as the FSC, CySEC or ASIC.
XM offers affordable trading fees, especially on CFDs. He is renowned for his quality services whether in terms of pricing or training. Another strong point of XM is that this broker allows the opening of a professional account.
XTB โ The Best European Broker
XTB has established itself in Europe in CFD trading. Since its creation in 2000, this online broker has continued to seek innovative ways to stand out from others. XTB has dozens of branch offices scattered around the world. This also means that it has the best regulations on the stock market. Without forgetting AMF approval which allows it to operate in France.
XTB est rรฉputรฉ pour son educational content and powerful tools. This online broker also has the lowest trading fees and facilitates access to these different trading accounts. However, XTB requires withdrawal fees which vary depending on the amount to be withdrawn.
Vantage FX โ The Best Forex Broker
Vantage FX is the best Forex broker of this year. Since 2009, this online broker has offered the best services in brokering currency pairs. In addition, it has the international regulations which allow it to extend its trading services across the globe. Vantage FX is also authorized to operate in France by the AMF.
Despite the significant leverage effect and the site's translation being a bit fuzzy, traders appreciate this online broker thanks to its various trading bonuses and affordable brokerage fees.
Comparative Best Brokers โ Spreads
The painting online broker comparison below represents the main spreads of each broker on our list. As Forex currencies are the most popular instruments in trading, we will highlight them. As an option, we will show you the spreads applied to stock indices and commodities.
Forex Spreads of the Best Online Brokers
Broker | GOLD | BRENT | WTI | NATGAS | SILVER | PALLADIUM | |
 | 0.32 | 0.036 | 0.027 | 0.005 | 0.032 | - | |
 | 20 | - | - | - | 1 | - | |
 | 0.45 | 0.05 | 0.05 | 0.01 | 0.05 | 20 | |
 | 0.34 | 0.02 | 0.03 | interbank + 0.002 | 0.029 | interbank + 0.65 | |
 | 0.25 | 0.03 | 0.03 | 0.003 | 0.021 | 19 | |
 | 0.3 | 0.05 | 0.04 | 0.04 | 0.03 | - |
Index Spreads of the Best Online Brokers
Broker | DAX 30 | CAC 40 | DJI30 | S & P 500 | Nasdaq xnumx | Nikkei 225 | Stoxx 50 | 100 FTSE | |
| | 0.8 | 0.8 | 1.5 | 0.4 | 1 | 9 | 1.3 | 0.8 | |
| | 1.5 | 1 | 3 | 0.25 | 1 | 10 | 1 | 1 | |
 | 2 | 2 | 2 | 2 | 2 | - | 2 | - | |
| | 2 | 10 | 6 | 0.75 | 2.4 | 10 | 3 | 1.5 | |
 | 2.3 | 1 | 3.3 | 0.45 | 1 | 15 | 1.2 | 1 | |
 | 1.2 | 1 | 1.8 | 0.4 | 1 | 7 | 1.5 | 1 | |
| | 2 | 1.8 | 2.8 | 0.7 | 2 | 12 | 2.5 | 1.5 | |
 | 1 | 1.2 | 3 | 0.6 | 1 | 25 | 2.2 | 1.9 | |
| | 0.8 | 1.1 | 1.1 | 0.3 | 1 | 9 | 1.5 | 1.1 |
Comparative Best Brokers โ Customer Reviews
Customer feedback is an essential element in a online broker comparison. Indeed, consulting the opinions of traders allows you to determine the confidence that customers place in online brokers. Customer satisfaction also lets you judge the reliability of brokers and helps you choose the best online broker.
We have collected some customer reviews for you to help you make the right choice.
Comparative Best Brokers โ Regulation
Regulatory bodies mainly deal with the legitimacy of the online broker as well as the legality and security of brokers. Moreover, these globally distributed regulators also play arbitrary roles in case of disputes between a broker and its clients.
Therefore, regulation is an essential criterion in choosing the best online broker. It is for this reason that we have established the table online broker comparison below. To introduce you to the regulators of each broker on our list.
MetaTrader Brokers | The head office | Year of creation | Regulation | ||
 | United Kingdom | 2001 |
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| | ๏ปฟAvaTrade | Ireland | 2006 |
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 | Cyprus | 2012 |
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| | Cyprus | 2007 |
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| | United Kingdom | 1999 |
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| | United Kingdom | 1974 |
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| | Lymassol (Cyprus) | 2009 |
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| | Warsaw (Poland) | 2002 |
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| | Sydney | 2009 |
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The most reputable regulators in stock market operations are the FCA, ASIC and CySEC. Indeed, these organizations have the best regulatory tools to ensure the control procedures of brokers on the international scene.
Best Brokers Comparison โ Minimum Deposit
Most online brokers require an initial deposit when opening an account to claim their brokerage services. It is more precisely a formality to create a bond of trust between the broker and his clients. However, the minimum deposit is not essential.
Each broker sets the initial deposit. However, its amount must not exceed more than 500 EUR. The table below represents the minimum deposits required for each online broker.
Broker | Minimum deposit๏ปฟ | |
 | At Admiral Markets, the initial deposit varies depending on the type of account offered:
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| | The minimum deposit ofAvaTrade | |
| | The initial deposit required is 200 USD | |
| | The initial deposit is set at 200 USD | |
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| | Subscription to the Real Account is 300 EUR | |
| | Depending on the account subscribed, the initial deposit varies as follows:
*XM Zero, XM Ultra Low and Shares accounts are not available to all XM Group entities. | |
| | This broker does not require any starting capital |
According to these indications, we can deduce that XTB is the best online broker since it requires no minimum deposit.
Finally, with an initial deposit of 200 EUR for a single account, Vantage FX et eToro offer better options.
Comparative Best Brokers โ Financial Instruments
Before you start trading, you must first know what are the different tradable products offered by the online broker. These financial instruments are effectively the center of stock market transactions.
Therefore, to choose the best online broker, you must prioritize the analysis of the products offered using a online broker comparison. Brokers generally offer to trade on shares, indices, commodities, Forex currencies or even CFDs.
In this table, discover the financial products available from each online broker in our comparative list.
Broker Online | Financial Instruments๏ปฟ | |
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The information in this table shows that each broker in our online broker comparison offers several tradable financial instruments. Diversifying the products to trade effectively increases the chances of winning during different operations. However, based on these instruments, we can see that IG Markets offers comprehensive products in Forex trading and CFD trading.
Comparison of Best Brokers โ The Platforms Offered in
Nowadays, stock market transactions are carried out exclusively online. Which means that each broker offers its services through web platforms. In order to adapt to the profiles of traders, online brokers mainly have several platforms.
The table below highlights the various platforms offered by the brokers in our online Broker comparison:
Broker Online | Platforms | |
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However, be aware that some brokers such as Vantage FX, IG Markets have platforms intended for professional traders such as Myfxbook AutoTrade or ProRealTime, which defy all competition.
Comparative Best Brokers โ Trading on Mobile
All the online brokers in our ranking have mobile or tablet applications. Indeed, this type of broker favors the automatic trading. That is to say, it allows all traders to perform stock trades at any time. To do this, he must put in place Android and iOS apps unique to their platform.
However, some brokers also have the MetaTrader apps which make it much easier to access and analyze their trading services. From an online broker comparison, we can identify the best online broker based on mobile trading.
Best Brokers Comparison โ Demo Account
A Demo account allows traders to test the services offered by online brokers under real trading conditions.
This demo account also allows you to experiment with the different strategies accepted by the broker to determine the risks of loss or the opportunities for gains. That is to say, you can try different trading styles to set up your action plan.
We made a table online broker comparison to help you choose the best broker based on the Demo account.
Broker MetaTrader๏ปฟ | Demo Account Duration | Demo Account Amount | ||
| | For customers: unlimited | 10 000 โฌ | ||
| | 21 days | 100 000 โฌ | ||
| | unlimited | $10 000 | ||
| | unlimited | $100 000 | ||
| | FXCM๏ปฟ | 30 days | 50 000 โฌ | |
| | 15 days | 10 000 โฌ | ||
| | unlimited | $10 000 | ||
| | 14 days | โฌ 20 | ||
| | By using MT4, the duration of the Demo account is unlimited | $100 000 |
Based on these data, we can see that Vantage FX et eToro are the best online brokers based on the demo account. In fact, these brokers offer a Demo account with unlimited duration with an amount of $100.
Comparative Best Brokers โ Trading Account
The possibility of opening several types of accounts with an online broker benefits both the broker and the traders. Each type of account allows you to trade on different numbers of assets following different trading styles. This allows traders to get more profits and also allows the broker to expand its business lines.
To determine the best online broker according to the accessible trading accounts, we have established the following online broker comparison:
Broker Online | Trading account๏ปฟ | |
| | Admiral Markets offers several types of accounts suitable for the MetaTrader platform to be used and the tradable financial products:
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| | At Avatrade, you can open an account for individual or professional traders by choosing between:
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| | With BDSwiss, you can choose between 4 accounts:
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| | eToro gives you access to two accounts:
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| | Benefit from the services of FXCM by subscribing:
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| | IG Markets offers 5 types of accounts, namely:
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| | At XM, you have the choice of subscribing to:
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| | XTB suggests you open a:
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| | For individual or professional traders, Vantage FX allows you to open a:
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Comparative Best Brokers โ Trainings
From now on, investing in the stock market is no longer reserved for finance professionals. Indeed, thanks to the educational content offered by online brokers, it is no longer necessary to have a higher education degree in finance or commerce to generate gains in trading.
The various training courses, whether introductory or advanced, allow the general public to carry out stock market transactions. That said, the educational content varies from broker to broker.
Le online broker comparison below can help you determine the broker that offers the best trading training.
Broker Online | Trainings | |
| | Admiral Markets offers comprehensive trading education through:
Without forgetting the free training to get started in trading such as:
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| | AvaTrade offers you several types of training such as:
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| | You have access to a lot of educational content at BDSwiss:
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| | eToro provides you with the following types of training:
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| | FXCM provides you with educational content such as:
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| | IG Markets helps you with:
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| | XM offers you:
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| | XTB provides its traders with:
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| | Vantage FX provides several training courses:
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Comparative Best Brokers โ Trading Tools
You must take into account that the stock market is constantly changing. This means that it moves continuously since the value of the assets to be traded varies with each operation carried out. To follow the movements of the market, you must have powerful trading tools.
The best online broker offers you the best tools to perfect your technical analyzes in order to generate maximum profit with each stock market transaction.
Broker Online | Trading Tools๏ปฟ | |
| | In order to optimize your earnings, Admiral Markets offers fundamental analysis tools:
Admiral Market also provides technical analysis tools and competitive graphics on the stock market:
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| | AvaTrade has technical and graphical tools, especially for advanced traders:
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| | To analyze the market trend, BDSwiss allows the use of both fundamental tools but also graphical and technical tools:
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| | eToro offers you several market analysis tools such as:
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| | For better performance, FXCM provides traders with:
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| | IG Markets provides you with the following trading tools:
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| | XM offers:
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| | XTB provides you with analysis tools such as:
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| | At Vantage FX, market analyzes are carried out using the following tools:
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Referring to this online broker comparison, if you are looking for an online broker that has efficient tools adapted to your profile, we recommend that you choose Vantage FX. This broker actually offers you advanced tools to provide you with real-time market movements.
It has user-friendly tools like MetaTrader tools, suitable for beginners and advanced analysis tools like Smart Trader Tools which are ideal for professional traders.
Comparative Best Brokers โ Trading Styles
Before the opening of stock market operations, the trader must choose a specific strategy. It is generally the action plan that will determine the orders to be executed. The online broker admits trading styles taking into account possible risks, for the benefit of traders.
The painting online broker comparison below will introduce you to the trading styles accepted by each online broker.
Broker Online | Trading Style๏ปฟ | |
| | Admiral Markets supports the following strategies:
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| | This broker allows the following trading styles:
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| | BDSwiss admits:
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| | With eToro, you can choose :
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| | Among the trading styles accepted by FXCM are:
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| | IG Markets endorses the following trading strategies:
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| | With XM, you can do:
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| | XTB allows:
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| | At Vantage FX, the following trading styles are allowed:
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The best online brokers admit all trading styles and leave the free choice of strategy to their clients. The different ranges of choices for the trader make it possible to determine the broker that suits each profile.
Best Brokers Comparison โ Available Leverage
In finance, to have the ability to trade assets with a higher value than your invested funds, you can use leverage. This financial system actually allows you to increase your speculations using multipliers.
Most online brokers give free choice to their clients to determine the leverage to use in stock market transactions. However, they set a maximum leverage taking into account the status of traders.
Broker Online | Particular Maximum Leverage | Professional Maximum Leverage | |
| | 1:30 | 1:500 | |
| | ๏ปฟAvaTrade | 1:30 | 1:400 |
| | 1:30 | 1:400 | |
| | 1:30 | 1:400 | |
| | 1:30 | 1:500 | |
| | 1:30 | 1:400 | |
| | 1:30 | 1:500 | |
 | 1:30 | 1:200 | |
| | 1:30 | 1:500 |
In 2018, ESMA sets the maximum leverage of individual accounts at 1:30 for all online brokers. Therefore, our online broker comparison will be based solely on professional maximum leverage to determine the best broker in this area. After analyzing the online Broker comparison, we can affirm that XM has a professional leverage which amounts to 1:888.
Best Brokers Comparison โ Protection of Funds and Client Data
Every online broker must establish foolproof security measures to ensure that traders' funds are protected. Indeed, the protection of invested capital and customer data confirms the reliability of the broker.
First, the trader must have a full access to funds which are imperatively deposited in a segregated bank account. Online brokers do not have the right to deposit traders' funds into one of their accounts. The funds are effectively secured in an account of a partner bank. This allows the trader to recover your invested capital in case ofe bankruptcy of the broker.
Second, online brokers must have the specific security means to stock market transactions. The best protections offered by an online broker during a transaction are the negative balance protection, deposit coverage or reimbursement in the event of bankruptcy.
To simplify things, we have established the table online broker comparison next :
Broker Online | Protection of Funds and Client Data๏ปฟ | |
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| | BDSwiss has the following security measures:
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| | To ensure your protection, eToro offers :
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| | At FXCM, you will benefit from the following protections:
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| | Depending on the bank where your funds are deposited, the protections are optimal:
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| | XM guarantees your protection through the following security measures:
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| | XTB offers traders the following protections:
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| | Vantage XF offers several types of trader protections such as:
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Comparative Best Brokers โ Customer Service
To support its clients in carrying out stock market transactions, each online broker sets up a specific support service. This customer support must be available and must have proven trading expertise to provide traders with helpful and professional advice.
We will present in the table below the customer service offered by each online broker:
Broker Online | Customer Service๏ปฟ | |
| | The service is very responsive, available 7/7 and in 24 different languages:
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| | Available 7 days a week, 7 hours a day and in 24 different communication languages:
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| | Available on working days, Monday to Friday, 24 hours a day and in 24 languages:
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| | Its customer service leaves something to be desired with an average response time of 7 days. However, it is available in 14 different communication languages:
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| | Customer service is available 7 days a week, 7 hours a day, in 24 different languages:
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| | Available 7 days a week, 7 hours a day in 24 different communication languages:
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| | With 10 different languages, customer service is available 5 days a week, 7 hours a day:
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| | Available 5 days a week, 7 hours a day in 24 different communication languages:
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| | Available 5 days a week, 7 hours a day in 24 different languages:
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Based on these indications, we can say that the best online brokers offer customer support services in several languages. Set apart eToro whose service always leaves something to be desired, we can see that these brokers are available most of the time.
4 Tips to Consider When Choosing the Right Broker for You
To choose the online broker that suits your profile, you must carefully respect the selection criteria set out throughout this article. Here are 4 essential elements to take into account in your choice:
Regulation of the Online Broker
Before choosing an online broker, make sure it is regulated. For'keep your funds safe as well as your investments, choose a broker regulated by renowned organizations.
In France, you can easily check if the online broker of your choice is indeed regulated by the competent authorities, in particular theACPR (Prudential Control and Resolution Authority). All authorized brokers are listed in the REGAFI or register of financial agents. You just need to search on their official website if an online broker has the necessary regulations.
Online Broker Customer Support
You should also choose an online broker that has responsive, available and professional customer service. Make sure your broker has the best educational content. Indeed, the best brokers offer comprehensive training for beginner traders and professionals. To avoid making a mistake in your choice, you must also focus on customer reviews.
Trading Platforms Offered by the Online Broker
All operations are carried out through a trading platform. You must then favor this criterion to generate the maximum profits. In this analysis, you should also pay attention to the financial instruments, trading styles, brokerage fees and various technical tools available on the platform.
The Online Broker Comparison
Finally, considering the aforementioned selection elements, you must study the Online Brokers comparison to determine the best approach to choose the broker that suits you.
Conclusion
In summary, we have presented 9 brokers in our online broker comparison that have the best services to make you a confirmed or even professional trader. In order to help you choose the best broker, we have established comprehensive comparative tables based on the criteria for selecting a good online broker.
โ๏ธAre Online Brokers Reliable?
Online brokers are reliable if they are regulated by approved organizations and the funds invested are deposited in a segregated account such as Vantage FX, AvaTrade or, eToro among other serious online brokers. Therefore, we can assure you that the online brokers in our comparative list are 100% reliable.
โWhat Differentiates Online Brokers from Traditional Brokers?
Online brokers like FXPRIMUS or Axi operate through a web platform while traditional brokers use human intermediaries to carry out stock market transactions. In terms of time management and generating profits, online brokers are bettervantageux.
โ๏ธWhat is an Online Broker Comparison?
An online broker comparison is a system for comparing brokers specializing in automatic trading, with a view to determining the best online broker according to a very specific selection criterion.
How to Choose an Online Broker?
To make the right choice and after having determined what your trading expectations are, you must: #1 - Define your trading style that corresponds to your trader profile. #2 - Adopt a strategy for good management of your funds and reduce the risk of loss. #3 - Choose a training and find all the tools to carry out your operations. #4 - Find the best online broker thanks to the online broker comparison.
What is the Best Online Broker on the Market?
Based on the data collected and looking deeply into the comparison criteria, we can say without a doubt that Vantage FX is the best online broker on the current market. It offers competitive trading conditions, high leverage, a welcome bonus and multiple trading platforms.
โHow to Open an Account with an Online Broker?
To open an account with an online broker, you just need to log on to the broker's official website and click on the "open an account" or "create an account" button. Then, you must follow the instructions sent to you by email, including filling out the questionnaire and sending the supporting documents. Finally, you only need to make the initial deposit after the confirmation of opening your new account.
Did this article help you get started in trading? Share your experiences with us in the comments!
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