Introduction
There are many options for investors to consider when choosing the best broker. The best brokers for you may be a broker that offers lower commissions, a broker with more transparency, or even one that has the ability to trade currencies. The best brokers can offer lower trading fees and provide better support. If you want to find out what the top five are, this blog is going to tell you who they are and why they deserve your attention.
1. Roboforex
Roboforex is one of the best fx broker if you are looking to invest in Forex trading or are interested in options. They are a fairly new company, having started in 2005, and can be found in multiple countries around the world and is one of the top online brokers out there. This broker has a very simple and user-friendly trading platform.
2. TDDirect Investing
TDDirect Investing is one of the oldest brokerage companies out there and has been around for a long time. They are based in Toronto, Canada and provide a fully integrated yet simple platform. This broker offers everything you need to invest in stocks and ETFs as well as mutual funds. Their trading platform is fairly easy to use and provides multiple order types, such as limit orders, stop orders, and market orders with many different types of analytics.
3. Qtrade Investor
Qtrade Investor is another good option if you are looking to invest in mutual funds, stocks, and ETFs. They are based in Toronto, Canada and have a very simple yet informative platform. They provide access to stocks from North America and the UK along with many top mutual fund companies such as Legg Mason and Franklin Templeton.
4. Questrade
Questrade is another good option if you are looking to invest abroad, can be found all over the world, and has a trading platform that is not too complicated to use. They are based in Toronto, Canada and provide access to stocks from North America and the UK as well as many top mutual fund companies such as Legg Mason and Franklin Templeton.
5. Xtrade
Xtrade is a good option if you are looking to trade Forex, Options, and CFDs. They have a very easy platform to use and are based in Australia. Their most popular feature is their MetaTrader4 trading platform which can be used for Forex and CFDs, yet it can also be used for stocks if you wish. They have good pricing on hedging instruments as well as great customer support via live chat or email.
Conclusion
All of these options are good and some may be better suited than others depending on what you are looking for. TDDirect Investing is the best choice if you want to invest in a Canadian Mutual Fund or Canadian stock market, Qtrade Investor is a good option if you are interested in the US markets or in mutual funds, Roboforex is a good option for Forex. Questrade and Xtrade are more geared towards CFD, Forex, and Options trading.
