Best Brokers for September 2023

1533 ratings
Review
50% First Deposit Bonus
Risk Warning
Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience.
  • High Payouts
  • Lots of Ongoing Promotions
  • Copy Trading Available
1413 ratings
Review
Up to 100%
Deposit Bonus
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Low minimum deposit amount
  • User friendly mobile app
  • Variety of payment methods available
1203 ratings
Review
Up to 100%
Deposit Bonus
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Low Minimum Initial Deposit Requirement
  • Cutting edge Trading Platform
  • Quick withdrawals

 

Are these brokers safe?

Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

What makes a good online broker

You are probably curious about how we came up with this list. Let’s go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in The Wolf of Wall Street movie. They were checking the stocks’ prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make an order through the brokers’ online platform. These brokers are online brokers. Online brokers help you buy and sell securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

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