Best Brokers In 2023
If you are ready to start investing, we are ready to help you. Our team has chosen the best three brokers. A reliable broker is one of the main factors of success in trading.
Best Reliable Broker
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Best online broker
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Best Asian Broker
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Why Is It Important To Choose a Regulated Broker?
The broker you start earning with must be reliable and regulated. Every day there are new scammers and swindlers on the market, pretending to be a broker. Before making a deposit, you should check the broker’s license, documents, terms and conditions and gather some independent reviews.
We have already done it for you and present 3 best brokers: FBS, eToro and XM. Each of them is regulated by a government body in the country of registration. And that means your money is protected. Don’t put yourself at risk. Before depositing money with another broker, check to see if it is on our list of scammers.
You can diversify your portfolio and get accounts with three brokers at once, which we recommend. But if that option doesn’t suit you yet, study the terms and conditions of each broker and choose the right one for you. Below is a comparison chart from which you will learn important trading parameters such as leverage, trading platform, minimum deposit and types of assets.
| Broker | Demo Account | Min. Deposit | Platforms | Leverage | Types of Assets | Website |
|---|---|---|---|---|---|---|
 | Yes | 1$ | FBS Trader, MT4/5 | up to 3000:1 | Forex, Metals, Indices, Energies, Stocks, Crypto | VISIT BROKER |
 | Yes | 100$ | eToro | up to 30:1 | Stock, ETF, Forex, Options, CFD, Crypto, NFT | VISIT BROKER |
 | Yes | 5$ | MT4/5 | up to 1000:1 | Forex, Crypto, Stock, CFDs, Commodities, Indices, Precious Metals, Energy, Shares | VISIT BROKER |
FBS: Trade and Grow With Best of the Best
FBS Markets is an online CFD trading broker founded in 2009. Since 2009, the company has grown significantly and boasts more than 16 million active sellers in 2021. The broker operates internationally and holds the necessary licenses through IFSC (Belize) and CySEC (Europe).
The broker had 37 awards from 2015 to 2021! This is a clear indicator of the stability of the firm and the trust of clients. The process of trading with FBS is smooth and convenient because the company invests in technology, as well as providing efficient execution and unparalleled customer service.
eToro: 5 Regulators Are Better Than 1
eToro has been operating since 2007. It is one of the successful and reputable brokers in Europe. The main audience of this company is traders from Great Britain, as well as from the most developed and rich countries of the European Union – Spain, France, Germany, Italy. The broker provides services for clients from Ukraine as well. eToro is the best solution for copy and crypto trading. This international company doesn’t call itself a broker on its website, using instead the definition of a “social trading platform.” Trade a variety of assets, including stocks, ETFs and cryptocurrencies. eToro offers trading tools to help beginners and experts alike. Broker eToro can rightfully be considered one of the most reliable. The company operates under licenses from five regulators:
- Cyprus (CySec).
- United Kingdom (FCA).
- USA (SEC).
- Australia (ASIC).
- Seychelles (FSAS).
XM: Most Reliable Asian Forex Broker
XM.com is a global online broker that was founded in 2009 and is headquartered in Cyprus.
Since its founding, XM.com has grown into a large and well-established international investment company and has become a true industry leader with more than 2,500,000 clients from 196 countries.
XM.com is a global online broker that was founded in 2009 and is headquartered in Cyprus.
Since its founding, XM.com has grown into a large and well-established international investment company and has become a true industry leader with more than 2,500,000 clients from 196 countries.
In the world of brokerage firms, winning awards from respected organizations or publications can have a great effect on a company’s reputation. Broker XM has earned more than 27 awards over the past 10 years. Among them are awards for trading support, service, speed of development, and trading platform. XM has also been noted many times as the best forex technology provider and the most reliable Asian forex broker.
FAQ
- What Is a Brokerage Account?An online brokerage account allows you to manage your cash and securities through an online trading platform. Online brokers can be used by investors to purchase and sell stocks, bonds and mutual funds, ETFs and options, as well as other assets, instead of traditional financial advisors.
- Which Broker Should I Choose?If you haven't made up your mind yet, check out the terms and conditions of the leaders among brokers. Go to the website of each best broker, which we told you in the article, and test the interface. Ask your colleagues, friends and relatives, maybe they can tell you.
- How Much Money Will Be Enough to Start Trading?At the best brokers you can open a micro account of $1. The chances that you can make a fortune with $1 are slim, but you can learn how to trade.
- What Are Brokers Useful For?A broker provides a client with the technical, organizational, and legal ability to enter the exchange and begin making transactions on it, i.e., buying or selling stocks, bonds, and other financial assets. A broker makes trades on the stock exchange on your behalf. You save yourself some of the legal hassle by focusing only on trading. The broker may charge a commission for this. The commission is payment for helping you make those trades.
- Is My Money Covered?Yes. If your account is with an SIPC member brokerage firm, your money and securities are insured against loss due to broker failures up to $500,000 ($250,000 in cash). Your money is not protected against losses due to a decrease in value of your investments.
- How Do I Open an Online Brokerage Account?All you have to do to open an online brokerage account is visit the broker’s website. Every firm has its own procedure for opening an account. However, you might need to upload some documents such as a photo of your driver's license. After your account has been created, you can transfer money and start trading.