Have you ever felt like you’re missing out on all the juicy trading action happening around you?
Are you tired of being the only one in your friend group not raking in the big bucks from your investment portfolio?
Enter Wealthfront – the app that makes trading stocks as easy as swiping right on a dating app (minus the heartbreak, of course).
But don’t let its simplicity fool you, this app is the real deal, with features that’ll make even the most seasoned investor drool with envy.
From tax-loss harvesting to automatic rebalancing, Wealthfront has got it all. So why not give it a go? Who knows, maybe you’ll finally be able to afford that yacht you’ve been eyeing for the past decade.
Okay, maybe not, but it’s worth a shot, right?
Is Wealthfront available in the UK?
The answer is no, Wealthfront is not available in the UK. This trading platform is only open to US traders, which means you’ll have to find another way to boost your portfolio.
It’s a bummer, but there are plenty of other apps out there that cater to the UK market. Let’s find you a different app.
Wealthfront UK Alternatives
The best Wealthfront alternative for you will depend on your specific investment goals and preferences. eToro might be a good pick for beginners.
My Personal Experience with Wealthfront UK
I have to say, I was a bit skeptical at first, but after doing my due diligence and reading all the glowing reviews, I decided to give it a try. And let me tell you, I was not disappointed.
Easy To Use
One of the things I love most about Wealthfront is its ease of use. It took me all of 10 minutes to set up my account, and I was off to the races.
The app’s clean and intuitive interface made it easy to navigate, even for a tech dinosaur like myself. And the fact that it’s completely automated means I can just sit back, relax, and let the app do all the heavy lifting.
Another thing I appreciate about Wealthfront is its low fees. As someone who’s always looking for ways to save a few bucks, the fact that I can invest my money without paying an arm and a leg in fees is a huge plus.
And with features like tax-loss harvesting and automatic rebalancing, I can rest easy knowing my portfolio is in good hands.
Of course, no app is perfect, and I did run into a few hiccups along the way. But overall, my experience with Wealthfront has been a positive one.
If you’re looking for a simple, hassle-free way to invest your money, I’d definitely recommend giving it a try, but only if you are not from the United Kingdom.
Wealthfront UK Review
Unfortunately Wealthfront does not accept traders from the UK.
First things first, let’s talk about the trading platform. In a word, it’s fantastic. The interface is sleek and easy to navigate, which is a huge plus in my book.
And the fact that it’s completely automated means you don’t have to worry about manually executing trades – the app does it all for you. Plus, features like tax-loss harvesting and automatic rebalancing make it easy to keep your portfolio in tip-top shape.
Next up, let’s talk about the support team. I have to say, I was thoroughly impressed with the level of customer service I received from Wealthfront.
The support team was quick to respond to my inquiries and was always helpful and friendly. And the fact that they offer support via email, phone, and chat means you can get in touch with them in whatever way is most convenient for you.
Last but not least, let’s talk about payment options. Wealthfront makes it easy to fund your account using a variety of payment methods, including bank transfers, wire transfers, and even account transfers from other investment accounts. And the fact that they don’t charge any fees for deposits or withdrawals is a huge plus in my book.
Is My Money Safe With Wealthfront?
Yes, Wealthfront is a safe trading platform. It is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
This means that they’re held to strict regulatory standards and are required to maintain certain levels of capital and liquidity to ensure the safety of their clients’ funds.
Plus, all client accounts are insured up to $500,000 by the Securities Investor Protection Corporation (SIPC). So, rest easy, my friends – your money is in good hands.
Is Wealthfront a Good Broker?
Well, in my humble opinion, the answer is a resounding yes.
With low fees, automated trading, and features like tax-loss harvesting and automatic rebalancing, Wealthfront is a fantastic option for those looking to dip their toes into the world of investing.
And the fact that they’re registered with the SEC and a member of FINRA means that they’re held to strict regulatory standards, ensuring the safety of your funds.
Of course, no broker is perfect, and there are always going to be pros and cons to any platform.
But overall, I think Wealthfront is a fantastic option for those looking for a simple, hassle-free way to invest their money. So why not give it a try and see for yourself?
Who knows, maybe you’ll be the next investing wizard. Or, you know, just really good at investing in cat videos. The choice is yours!
All in all, I have to say that my experience with Wealthfront has been overwhelmingly positive.
If you’re looking for a hassle-free way to invest your money, this app is definitely worth checking out. So go ahead, give it a try, and see for yourself why so many people swear by it.
Who knows, maybe you’ll be the next investment wizard. Or, you know, just really good at investing in snacks. The possibilities are endless!
Are you tired of feeling like a financial underdog? Do you dream of rubbing elbows with the Wall Street elite? Well, listen up, because I’ve got the inside scoop on a trading app that could be your ticket to the big leagues – Public.com.
Public is the trading app for the people.
It’s like Robinhood, but without all the sketchy shenanigans.
With Public, you can invest in your favorite companies and ETFs, and follow your friends’ portfolios to see what they’re up to. Plus, you’ll get access to a community of like-minded investors who are just as obsessed with the stock market as you are.
But that’s not all – Public also offers a social feature that lets you chat with other investors about hot stock tips, trading strategies, and the latest news. So not only will you be making bank, but you’ll also be making friends. Talk about a win-win.
So, if you’re ready to join the ranks of the finance elite and start trading like a pro, give Public a try. Your portfolio (and your social life) will thank you.
Is Public.com available in the UK?
Now, I know what you’re thinking – “Public sounds amazing, but is it available in the UK?” And honestly, that’s a great question. After all, the Brits have been making some major money moves lately (hello, GameStop).
Unfortunately, at the moment, Public is only available to our friends across the pond in the US.
But don’t worry, there’s still hope. The Public team has mentioned that they’re planning on expanding internationally in the near future, so keep your eyes peeled.
In the meantime, if you’re itching to get in on the stock-trading action, there are plenty of other apps available in the UK that offer similar features. Apps like Trading 212 and eToro are great options to check out.
My Personal Experience with Public.com
You’re probably wondering – does it actually live up to the hype?
Well, as a self-proclaimed stock market enthusiast (read: obsessive), I decided to give it a try and see for myself.
First things first, I have to say that I was impressed with Public’s user interface. It’s clean, intuitive, and easy to navigate. Plus, the social features make it feel like you’re part of a community, rather than just another anonymous user.
But let’s talk about what really matters – the investing. I was pleased to see that Public offers commission-free trading on stocks and ETFs. This is a huge plus, especially for those of us who don’t have thousands of dollars to invest (yet). Plus, the ability to follow other investors and see what they’re buying and selling is a nice added bonus.
Now, I will say that Public’s research and analysis tools aren’t quite as robust as some of the other investing apps out there. If you’re looking for in-depth financial analysis and data, you might want to consider another platform. But for the average investor who just wants to buy and sell stocks, Public is more than sufficient.
This Is What I Think
Overall, my personal experience with Public was a positive one. It’s a great option for new investors who are just starting out, as well as more experienced traders who are looking for a community to connect with. Plus, it’s just plain fun. Who knew that investing could be a social activity?
Public.com UK Review
This app has got some serious spunk.
First off, let’s talk about the good stuff. As I mentioned before, Public’s interface is slick and easy to use. Plus, the social aspect of the app is a total game-changer. Being able to chat with other investors, see what they’re buying and selling, and even copy their trades is pretty darn cool.
I also appreciate that Public offers commission-free trading. It’s a major plus, especially for those of us who are just starting out and don’t want to get hit with high fees. And the fact that Public doesn’t sell order flow is a big deal, too. It means that your trades won’t be used to benefit the big hedge funds (ahem, Robinhood).
But of course, there are a few downsides. One thing I noticed is that Public’s research and analysis tools aren’t as extensive as some of the other investing apps out there. If you’re looking for super in-depth financial data, you might want to consider another platform. And while the selection of stocks and ETFs is decent, it’s not quite as wide-ranging as some of the other apps.
Let’s talk about payment options. Public has got you covered. They’ve got everything from good ol’ bank transfers to wire transfers and even instant deposits. That’s right, you can start trading faster than you can say “I’m a Wall Street wiz-kid!”
Public’s got your back here, too. They’ve got all the usual channels like email and phone, but they’ve also got a fancy-schmancy live chat feature. And the reps are so friendly and helpful, you’ll feel like you’re chatting with your new bestie.
Now, I don’t want to rain on Public’s parade, but there have been some reports of delays with deposits and withdrawals. And while the customer service is usually on point, there have been a few snafus with response times. But hey, nobody’s perfect, right?
Overall, I’d say that Public does a solid job with payment options and customer support. They make it easy to fund your account, and they’re always there to lend a helping hand (or an ear, as the case may be). So if you’re looking for an app that’s got your back (and your wallet), give Public a try.
While Public might not be available in the UK just yet, there are plenty of other options to explore. But if you’re patient and willing to wait, who knows – maybe someday you’ll be able to join the Public party from across the pond.
Public is a solid option for anyone who’s looking to get into investing. It’s especially great for those who want to be part of a community and connect with other like-minded traders. And the fact that it’s commission-free and doesn’t sell order flow is a major plus. So if you’re ready to dip your toes into the stock market, give Public a shot. Who knows – you might just become the next Wolf of Wall Street (minus the whole fraud and crime thing, of course).
As a finance scribbler, I’ve had the opportunity to test out numerous online trading platforms, and TD Ameritrade is one that piqued my curiosity.
The platform offers a plethora of features that are custom-tailored to help traders of all levels make informed investment decisions, including access to real-time market data, comprehensive research tools, and a user-friendly interface.
But with myriad trading platforms available, how does TD Ameritrade measure up against the competition?
Omaha, Nebraska, USA
$0 for online equity trades
Advanced charting, active trader capabilities, paperMoney tool
Market news and insights, third-party research reports, robo-advisor
24/7 support via phone, email, and live chat
In this evaluation, I’ll take an in-depth look at the platform’s key attributes, ease of use, and pricing to give you a comprehensive overview of its potential. Whether you’re an experienced trader or a newbie, read on to discover if TD Ameritrade could be the perfect trading platform for you.
Is TD Ameritrade available in the UK?
No, TD Ameritrade is no longer accessible to traders in the EU or the UK.
Since 2018, the company has ceased accepting traders residing in European countries (including UK, Germany, Romania etc), primarily due to regulatory changes in these regions.
TD Ameritrade Alternatives
TD Ameritrade’s parent company, Charles Schwab, still provides investment services to traders in the UK, offering a range of investment products, including stocks, options, and exchange-traded funds (ETFs). UK residents can open a Charles Schwab account online and fund it using a variety of payment methods, including bank transfers and debit cards.
Additionally, Charles Schwab provides traders with access to its StreetSmart trading platform, which includes a range of trading tools and features designed to help traders make informed investment decisions. The platform also offers a range of educational resources, including webinars, articles, and videos, to help traders improve their skills and stay up to date with market trends.
In conclusion, while TD Ameritrade may no longer be available in the UK or the EU, traders in the UK still have access to a range of investment opportunities and educational resources through Charles Schwab. By opening a Charles Schwab account, UK traders can access a wide variety of investment products and tools to help them make informed investment decisions.
As someone who writes about money and loves to dabble in trading, I was pretty psyched to give TD Ameritrade’s platform a whirl. And you know what? I wasn’t disappointed!
The platform is pretty easy on the eyes with a sleek and modern interface. Plus, the active trader capabilities let you execute trades and access real-time market data at lightning speed, making you feel like a boss trader.
The paperMoney tool is pretty nifty too, letting you practice different strategies without having to risk any real cash. It’s like Monopoly money, but with cooler graphics.
The research and analysis tools are pretty impressive too. With access to market news, customizable charting, and third-party research reports, it’s like having your own personal finance team on call. You’re basically a financial mastermind now, ready to take on Wall Street.
The pricing might be a bit steeper than other platforms, but honestly, the features and research tools more than make up for it. Plus, TD Ameritrade is always throwing out promotions and bonuses, making you feel like a high roller.
Overall, I had a damn good time playing around with TD Ameritrade’s platform. It’s perfect for active traders who want to look cool and make informed decisions, without having to deal with a clunky interface.
TD Ameritrade UK Review
Please note that you can no longer open a TD Ameritrade account in the UK.
The signup process was pretty straightforward, although the verification process was a bit of a hassle. But hey, security is important, right?
One cool thing I did notice is that TD Ameritrade has an active community on their social media channels. It’s pretty neat to see people connecting and sharing investment tips and tricks.
Fees and Commissions
Yes, TD Ameritrade’s pricing might be a bit more than other platforms, but honestly, the additional features and research tools make up for it. Plus, they offer a range of promotions and bonuses that sweeten the deal.
This is where TD Ameritrade really shines. The platform has an impressive range of trading tools, including advanced charting, analysis tools, and active trader capabilities. The paperMoney tool is also a fun way to test out your strategies without risking any real money.
TD Ameritrade’s research tools are top-notch. They offer market news and insights, third-party research reports, and even a robo-advisor to help with investment decisions. It’s like having your own personal finance team at your fingertips.
I have to give TD Ameritrade props for their customer support. Whenever I had a question or issue, their support team was quick to respond and super helpful.
Is TD Ameritrade the same as thinkorswim?
Here is our review on thinkorswim. Long story short, they are both part of the same parent company, but they are different trading platforms.
Overall, I’m a big fan of TD Ameritrade’s platform. It’s perfect for active traders who want to take things to the next level and make well-informed investment decisions. Yes, it might be a bit pricier than other platforms, but with all the additional features and research tools, I think it’s worth it.
So, if you’re ready to step up your trading game, give TD Ameritrade a shot. Who knows, you might just become the next Wolf of Wall Street. Minus the sketchy stuff, of course.
Trading 212 is one of the most well-known brokerage services globally, not just in the United Kingdom. Trading 212 is a well-known CFD and FX broker all over the world. But clients that use the platform can also trade stocks and EFTs for free.
The company began operations in 2004, and its headquarters are located in London. It’s available to UK traders who wish to invest in stocks are other assets.
This article will teach you everything you need to know about Trading 212 in the United Kingdom. We’ll go over the platform’s features, trading fees, demo account, transactional data, and other details. Also, look at their trump card, the mobile app. So, if you’re eager to learn more, keep reading.
Yes, traders in the UK can join the platform and carry out their trading without worry.
The company is registered in England and Wales—thus, any United Kingdom trader can use all its services.
Account Types on Trading 212
When you join Trading 212, you get three accounts to select, and they differ based on the assets you can trade. The country you reside in is also a factor that can force you to choose a particular account.
Every member can access any of the accounts featured on the platform, but they do not have any corporate accounts.
The CFD account is available for clients in all countries that Trading 212 is accessible. The clients using this account can only trade in CFDs.
Trading 212 Invest Account
The Invest account is also available in all countries that Trading 212 operates. And the clients using this account are free to trade in real stocks and EFTs across all money markets globally.
Trading 212 ISA
The Trading 212 ISA is an Individual Savings Account. It’s a tax-efficient account that allows investors to save and invest with the total amount in the current tax year, 20k Euros.
The four main types of ISAs are Stocks and shares, cash, innovative finance, and lifetime.
This last account is only available to traders based in the United Kingdom. This exclusive account allows traders to buy and sell securities like real stocks and EFTs.
How to Open an Account on Trading 212
The process of opening an account on Trading 212 is very straightforward. You can do everything online.
Even so, the verification time is usually under one business day so that you can start trading right away.
This is the procedure you follow when you want to open an account:
Sign up by entering your information like email address, name, country of residence and date of birth.
Select the account type you want, plus select the currency type you will be using on the account.
You have to accept the terms and conditions. Then activate your account by verification of your identity and residency.
To prove your identity, you will have to provide the platform with extra information. They require any identification documentation like an ID, passport, or driving license.
Proof of address will also be needed. And for this, you can use a bank statement or a recent utility bill, preferably no longer than three months.
You will not need to deposit anything to open an account.
Trading 212 Trading Platform
The brokerage allows traders to trade on the website as well as on their mobile app. Both platforms are quite intuitive and easy to use.
Web Trading Platform
Interface and Usage
The website interface is user-friendly and has a customizable option that lets the trader move things around to their liking. A user can change the sizes of tabs and dimensions of the elements as they trade.
The site is available in 11 different dialects, including English, Polish, German, Russian, Italian, Spanish, Dutch, Romanian, Arabian, French, and Chinese.
Security and Platform Maneuvering
When you log in, there is a two-step authentification for security purposes. And this can only be achieved through your mobile. Trading 212 also has a commendable and sophisticated search function.
One can quickly search by the name of a product and the security category you wish to trade.
If you are a holder of any of the three CFD, ISA, and Invest accounts, you can submit and place orders within certain time limits. All accounts allow for orders in the market, limit and stop orders.
Then the Invest and ISA allow the stop limit and Good until the end of the day/canceled orders, but the CFD does not have them. The CFD has the OCO, and the other two lack this order.
As you trade, you get a trade ticket that displays vital information regarding the order you are about to place. The quantity of trade, the margins, swap rates, and stamp duty are some of the information displayed on this ticket.
This ticket puts your trade into perspective before you buy or sell a security.
You can set up notifications like emails or texts on your phone.
On the web trading platform on Trading 212, you can set alerts as well as notifications. These will inform you of the orders, news, or any margin calls you might have selected.
Interface and Usage
The selling point of Trading 212, the mobile app, is nothing short of spectacular. The design is awe-inspiring, and the interface is user-friendly.
The app is downloadable on both iOS and Android mobile devices. The languages available are similar to the ones on the web version of the platform.
Security and Platform Maneuvering
Signing in on the mobile app is a breeze. Once you log in, there is a two-step verification authentication solidifying the security of the app. You can choose to use biometrics such as touch ID if your device supports it.
The search function is just as easy. It is intuitive and offers you what you search just as fast. The search provides you several assets you can trade besides the security you search for. You can search for stocks, indices, currencies, and commodities.
The notification on the mobile app comes as push notifications. You cannot get SMS or email alerts on the website platform.
Markets and Products on Trading 212
Trading 212 offers the trade of real stocks, EFTs, CFDs, and Forex. It does not offer trade in mutual funds, bonds, options, and futures.
The platform supports 184 currency pairs, 51 stock index CFDs, 1700 stock CFDs, 28 EFT CFDs, and 45 Commodity CFDs.
However, it does not support cryptocurrency trading.
Stocks and EFTs
The stocks and EFTs trading portfolio is limited in that you only have seven stock markets to trade in and 200 EFTs. In hindsight, this is a large number of securities, but they have less when compared to other brokers in the industry.
Auto investing on Trading 212
If you want to put your investments on autopilot then the auto trading feature is for you. With Auto Investing you can rebalance your portfolio automatically. You can also automate your deposits.
This is one of the best “set-and-forget” approaches, I’ve seen so far.
These charts are very interactive and user-friendly. However, they are not the best to use since the news flow is not up to date, and there is no fundamental data available for a trader to use.
The charting tools are available on both web and mobile versions of Trading 212.
Trading 212 offers its users educational videos and tutorials on how to use the platform. Ther provide new members the basics of trading, which assists many beginners in getting started.
Their demo account is also a great educational feature that gives newbies practice ground to learn more about trading. You will also find academic articles offering more information on trading.
Deposits and Withdrawals
Both deposits and withdrawals are generally free and speedy through multiple channels. The base currencies are:
These currencies are limited to only a couple per country. For instance, in the UK, only GBP, EUR, and USD are available.
If you trade in one currency as your bank account, you do not have to incur conversion rates for deposits and withdrawals. But if it is the opposite, you will have to pay the conversion fees appropriately.
To bypass this, you can open a multi-currency bank account at a digital financial facility.
Depositing on Trading 212
Depositing on Trading 212 is free. However, when you deposit more than two thousand euros, you get a 0.07% deposit fee. And this is applied if you deposit using an e-wallet or your credit or debit card.
Here is a list of all the e-wallets you can use to deposit money on your Trading 212 account:
The availability is linked to specific counties, and the user is the one to confirm which is available in their country.
Payments using bank transfers may take a few business days to verify, although using credit and debit cards is instant.
Withdrawing on Trading 212
Withdrawing on Trading 212 is free, and when you do it via debit card, it takes about one business day. You can only withdraw money to accounts that have your name on them.
Here is the procedure you use to withdraw your money from any of your Trading 212 accounts:
Click on manage funds on your dashboard after logging in.
Enter your password and select your withdrawal amount.
Confirm the withdrawal and wait for the verification.
Trading 212 Fees
Trading 212 has several commission-free stocks and EFTs, meaning a trader gets to trade for free. In general, there are no fees incurred in deposits, withdrawals, and inactivity. On the flip side, the forex trading costs are high.
There is a 0.05 % currency conversion fee for all CFD and forex trading. This rate could go as high as 0.15 % for real stocks and EFTs.
Trading 212 Customer Service
Of all the services Trading 212 offers its clients, customer support is the most wanting. Indeed they answer any query with relevant answers and are available around the clock, but you can only reach them via email support.
They do not have live chat or phone support. This is a major shortcoming as most people need fast and immediate solutions to their queries.
Is Trading212 Safe?
If you are trading in the UK and Germany, the investor protection amount is about 85,000 Euros regulated by the Financial Conduct Authority, FCA.
Some people in the modern world don’t just work to make money for a living. They go the extra mile to multiply the money through investing and trading. As a result, looking for brokerage services online has become a widespread practice.
Trading 212 overall performances as a brokerage platform in the United Kingdom is excellent. The most commendable part they offer is the low and no fees on the deposits, withdrawals, and commission when one trades on the securities.
Despite the platform having a limited platform compared to its competitors in the market, it still stands as a pretty good choice that traders can use.
It is a great place to start your trading career because of its numerous practice ground and available tools to make you better. Most importantly, they operate in the UK, and they have investor protection of up to €85,000.
The Swissquote group was established in 1996. It is listed on the Swiss Stock Exchange and deals with clients from all over the world. It has two main entities: Swissquote Bank LTD and Swissquote LTD.
The former is located in Switzerland. It is used for stock, funds, options, and futures trading. The other branch is located in Luxembourg – and you can use it to trade CFDs and forex.
We have provided a thorough review of the firm below, so keep reading.
Is Swissquote Available in the UK?
Swissquote LUX allows clients from 150 different countries to register, while Swissquote CH serves clients from 120 countries. Any individual from most parts of the world can sign up. This includes the United Kingdom.
Swissquote Review – Good or Bad UK Broker?
We’ve discussed everything you need to know about the online broker.
Assets and Markets Available
The group’s Swiss branch trades many different kinds of stocks. You’ll be able to trade:
Stocks and ETFs
The broker allows you to access 60 different kinds of stock exchanges. Compared to its rival Saxo Bank, there is a wider selection of markets. A bonus is that you can trade US penny stocks too.
The number of ETFs that the firm offers is decent. However, the number isn’t that high when compared to rivals. Swissquote offers 1,400 ETFs, while Saxo Bank offers 3,100 and TradeStation Global offers over 10,000 of them.
You can trade 80 different currency pairs through Swissquote LUX. This is not the same as Saxo Bank and TradeStation Global, however, which allows you to trade 182 and 105 respectively.
You’ll be able to trade 12 different cryptos as CFDs. You may be wondering if they’re leveraged CFDs or not. The answer is no.
The cryptos you’ll get are:
The selection is just as good as Saxo and TradeStation. Both offer 4 cryptocurrencies together.
You’ll only able to trade CFDs through Swissquote LUX. It offers CFDs through forex, indices, bonds, and commodities. Individual stock and ETF CFDs are not available.
The selection consists of 26 stock index CFDs, 12 commodity CFDs and 3 bond CFDs.
The firm’s selection of bonds is good. It is much wider than Saxo Bank’s but not as big as TradeStation’s.
You’ll be getting 53,400 bonds, while Saxo only offers 40,000 bonds and TradeStation offers 60,000 of them.
You’ll have access to several different trading platforms. At times, it can be difficult to decide which one to choose. If you’re going to trade stocks, eTrading would be best.
MetaTrader 4, MetaTrader 5, and the custom platform, Advanced Trader, can be used to trade forex.
From this selection, eTrading is by far the most popular. It comes in multiple languages:
Let’s talk more about eTrading below.
The site is not complicated to use. However, one of our complaints is that it is a bit too Swiss-focused. For example, you’ll find the Swiss stock market featured above the European and US ones.
However, you can customize the platform to your preferences.
You can set filters to find assets as well. This could include rating, risk, sector, market cap, and analyst recommendation.
As mentioned, eTrading is a little too Swiss-focused. Swiss assets often appear at the top of search results. You will also be hit with timeouts when waiting for search results.
You can create a custom alert box to receive any news of your choice. You can also make a watchlist for price alerts. You’ll be able to get notifications when trades are completed too.
Instead of getting notifications only on the Swissquote site, you can get them sent to you via email.
Checking your portfolio won’t be a problem. However, it’s not easy to get a report on all the fees you have been paid. You will have to wait for around 30 minutes till your asset statement is compiled.
The default login process is quite simple. You can set up a 2-step identification process through mobile authentication or a special physical code.
There will be 5 order types:
Swissquote has an app on iOS and Android devices. The mobile trading platforms available are eTrading, MetaTrader 4, MetaTrader 5, and Advanced Trader.
The app can be used in English, German, Italian, and French.
We’ll be discussing how you can conduct eTrading on the broker’s mobile app.
eTrading is easier to do on your phone than on the computer. The layout looks very modern too. If you rotate your phone horizontally, you’ll get a more detailed view of charts and lists.
The app has a one-step login by default. You can enable level-3 security to set a separate pin for your account.
You can also set up a biometric authentication if you want. You won’t be able to log in without your fingerprint, retina scan, or voice.
The search function is simple. There are no advanced filters like those found on the web version, which is a drawback. Just like on the web version, search results focus too much on Swiss assets.
You can set notifications and alerts for various aspects, including price, news, and order confirmation.
Deposits and Withdrawals
Swissquote CH offers an impressive number of account-based currency pairs. The number of currency pairs that Swissquote LUX offers is average in comparison. When you trade with your local currency, you wouldn’t have to pay hefty conversion fees.
An easy way to avoid the conversion fees is by creating a multi-currency bank account. You can open one in a digital bank, and it will only take you a couple of minutes.
If you compare the base currency pairs the broker offers with rivals, you will see that it’s on par. Swissquote provides 21 different pairs, while Saxo Bank offers 26 and TradeStation Global offers 22 of them.
The group’s Swiss branch doesn’t charge deposit fees for bank transfers. However, you’ll be charged between 2.2%- 2.5% for deposits via credit and debit cards. The exact percentage depends on where you live.
Meanwhile, the Luxembourg branch doesn’t charge any fees for deposits.
You won’t be able to make deposits through e-wallets. Know that TradeStation Global and Saxo Bank won’t let you do this either.
If you want to fund your account through a bank transfer, it might take several business days for the money to show up in your account. The longest time it will take for the money sent via debit or credit card to show up would be an hour.
Do you need to make a minimum deposit? You won’t if you’re going to be using Swissquote CH. However, if you’re going to make a forex account (through Swissquote Lux), a minimum deposit between $1,000 – $50,000 would be required.
The broker’s withdrawal fees depend on which of its entities you use, as well as where you live. Swissquote LUX doesn’t charge any withdrawal fees. However, Swissquote CH will charge you €2 if you’re withdrawing in euros, and $10 if you’re withdrawing in USD.
Both these entities only allow you to make withdrawals via a bank account in your name. At times, the cash can take several business days to be transferred. However, it will most likely reach you in a business day, which is not too bad.
Is My Money Safe with Swissquote?
Yes, your money will be safe. The firm has been around for some time, and it’s regulated by some of the most top-tier financial bodies. The two main entities that regulate it are the Swiss Financial Market Supervisory Authority (FINMA) and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
Some of the other bodies that regulate it are:
Financial Conduct Authority (FCA)
Dubai Financial Services Authority (DFSA)
Hong Kong Securities and Futures Commission (SFC)
Monetary Authority of Singapore (MAS)
Malta Financial Services Authority (MFSA)
If you want to know whether a broker is safe or not, look into its background, as well as what protection will be offered if something were to go wrong. With these two points in mind, Swissquote is ideal. It is reliable and heavily regulated.
You’re probably wondering if you can get investor protection or not. The investor protection you get depends on which of the firm’s entities you are a client of.
Swissquote Bank LTD – it is based in Switzerland and regulated by FINMA. The investor protection you’ll get is CHF 100,000 per account.
Swissquote Bank Europe – it is based in Luxembourg and is regulated by the CSSF. You’ll be getting investor protection of up to €20,000 for securities, and €100,000 for cash per account.
Swissquote MEA LTD – This is regulated by the Dubai Financial Services Authority. It’s specifically aimed at clients from the Middle East. You’ll get investment protection of CHF 100,000 for cash.
The group’s subsidiaries for Singapore and China don’t provide any investor protection, however.
Swissquote offers retail clients negative balance protection if they’re from the EU and trade CFD or Forex. Negative balance protection ensures that you don’t lose more cash than what’s in your trading account.
Overall, your money will be safe as Swissquote is a licensed bank, and it is publicly listed, so it’s no small-fry.
Is Swissquote a Good Broker?
You don’t need to be an expert to know that Swissquote is an excellent broker. For one, you’ll be able to trade a range of assets here. Users from all over the world are welcome too.
The site is very safe to work with, and you’ll be in goods. This is what you want when working with any broker, as you might be depositing thousands into your trading account and you need to know that your money will be well-protected.
Swissquote is regulated by many financial bodies, and it’s a registered bank. As a result, you have nothing to worry about. The fact that it is a broker that has been around for a while and has a great reputation makes it safer to work with.
If you have any problem you’ll be able to get help by contacting their customer service. You can contact the firm’s team through phone, email, or live chat. They provide great advice and solutions, and the support team is helpful.
You can get customer support in many languages as well. They include: Arabic, Chinese, Czech, English, French, German, Italian, Spanish and Russian. We have a small complaint, however. We would have preferred if languages like Romanian or Hungarian were available too.
The customer support team does not work 24/7. They’ll be available from 8 am to 10 PM CET from Monday to Friday.
You’ll be able to refine your craft, as there are several guides and tutorials on how to improve your trading. There are tutorials and guides on how you can use MetaTrader 4, 5, eTrading, and Advanced Trader too. You’ll be able to make a demo account to practice what you’ve learned. It will be funded with virtual money for you to practice and create strategies.
There are also webinars in multiple languages to help you broaden your knowledge.
Swissquote has two main entities. They are Swissquote Bank LTD (CH) and Swissquote LTD (LUX). Depending on which you choose, the assets you’ll be able to trade would differ. Overall, the broker is highly secure, so you don’t have to worry about your money. It also offers many resource guides to improve your craft. If you have any problems, they have a helpful support team to guide you.
XTB was founded in 2002 and was first called X-Trade. It then morphed into X-Trade Brokers in 2004. In 2016, it was listed on the Warsaw Stock Exchange under the XTB ticker symbol.
It is quickly becoming one of the most competitive and popular brokers around. It provides access to various markets, which we’ve discussed.
X-Trade is regulated by five financial bodies, including the Financial Conduct Authority. Clients from all over the world are welcome, except if you’re from the US and a few other countries.
We’ve discussed the company in-depth in our review below.
Does XTB Accept Traders From the UK?
XTB LTD, which is regulated by the FCA, only accepts traders who are residents of the United Kingdom. If you’re from the EU and want to use the broker, you’ll have to use XTB CYPRUS. Canadian clients can make use of X-Trade’s French branch.
Unfortunately, the site doesn’t accept clients from certain countries.
XTB INTERNATIONAL is only available to those outside the UK and EU, and to those who don’t fall into the list of countries above.
X-Trade Brokers Review
We’ve discussed everything you need to know about the site below.
XTB is mostly used to trade CFD and Forex. Its selection of CFDs is on par with rivals like eToro and Trading 212.
There are 49 currency pairs, 42 stock index CFDs, 1,800 stock CFDs, 114 ETF CFDs, 22 commodity CFDs, and 25 cryptos.
The number of cryptos the site offers is more than that of eToro and Trading 212. They both offer just 16.
X-Trade doesn’t allow you to change the default leverage level of its products. This can be a major drawback.
You can trade ETFs as well as real stocks if you’re an EU client who is not in the UK, Cyprus, Hungary, or Italy.
There are 17 stock products and 220 ETFs available. Even though the selection of stock products is decent, the number of ETFs is not ideal.
Trading 212 and eToro offer 7 and 17 stock products respectively. Although the 220 ETFs XTB offers are less than ideal, eToro and Trading 212 don’t fare any better. Trading 212 offers 200 ETFs, while eToro only offers 145 of them.
You can utilize either xStation 5 or MetaTrader 4. xStation 5 is X-Trade Broker’s custom platform. MT4 is a third-party option.
xStation 5 is available in many languages. They include:
Let’s talk more about X-Trade’s custom platform.
You might feel intimidated by xStation 5 at first glance. It looks like a trading platform designed for professionals. However, once you start using it, you’ll realize that it’s not too complicated. You can also easily customize it.
There are two ways you can search for assets on ‘Market Watch’.
Click the product name in the search bar
Go through the different categories and products available. Let’s say you want to trade a US stock CFD. You have to click on the specific stock type and then the US.
xStation 5 comes with a trader calculator. You’ll be able to calculate the margins, commissions, and the other parameters of trades.
The order types available are:
Logging in doesn’t take long. It’s a one-step process. Just know that a two-step login would be more secure.
Notifications and alerts can be sent through email or SMS. In terms of what you can use this feature for, they include margin calls, deposits, withdrawals, and closed positions.
The platform provides clear portfolio and fees reports. They’re available under the ‘History’ tab. Daily reports via email can be sent to you as well.
Mobile trading can be done either through xStation 5 or MetaTrader 4. Mobile trading is possible on both Android and IOS. You’ll be able to trade in as many languages as you like on the web trading version.
The XTB mobile app is well-designed and user-friendly. You’ll easily be able to find any feature you want.
Only one-step login is available. A two-step login would be more secure. However, you can set up fingerprint authentication which is a bonus.
All you need to do is type the name of the product in the search bar or browse the different product categories.
The same order types as the web trading platform are available:
The app lets you set as many alerts and notifications as you want. This includes notifications for market news and price changes.
Deposits and Withdrawals
The account base currencies available are below average compared to rivals. The only major currencies available are USD, EUR, and GBP. XTB’s less popular currency accounts are HUF and PLN.
If you’re new to trading, you may be wondering why the number of currency accounts matters. When you fund your account or trade assets in the same currency as your bank account, you don’t have to pay conversion fees. These fees can be pricey.
An easy way to avoid the conversion fees is by opening a multi-currency bank account. This will only take a couple of minutes.
One of the advantages is that X-Trade doesn’t have a minimum deposit amount. You can deposit whatever you want to open a live account.
XTB doesn’t charge deposit fees. However, e-wallets like PaySafe (formerly Skrill) and PayPal will charge 2% from the sum you’ve deposited.
Your location will determine which e-wallet you’ll be able to use. The ones XTB accepts are:
Paysafe (formerly Skrill)
You can also make deposits through debit and credit cards, as well as bank transfers. Just know that a deposit via bank transfer can take several days.
Withdrawal Fees & Options
X-Trade does not charge withdrawal fees for sums over €80/$100. €16 would be charged if the sum is below 80 pounds and 20 dollars if it’s below 100 dollars.
You can only withdraw money through a bank account in your name. If you make the withdrawal before 1 PM, the cash will show up in your bank account on the same day. Otherwise, it would take one business day to arrive.
Let’s talk about the withdrawal process.
First, log into your trading account. You’ll see a ‘Deposit and withdraw funds’ option on the bottom right. When you click it, you’ll be directed to a page where you’re asked to include your bank details. This is the account your money would be sent to. Initiate the withdrawal and you’re good to go.
All you need to do now is wait. Keep in mind that if you did the withdrawal before 1 PM, you’ll get the cash sent to you that same day.
Is My Money Safe with XTB?
Yes, your money will be safe. X-Trade Brokers UK is regulated by the Financial Conduct Authority which is one of the largest and best-regulated financial bodies in the world.
Meanwhile, the EU branch of the site is regulated by CySec, under the 169/12 license number.
XTB’s international branch is regulated by the Belize International Financial Services Commission. It’s under the IFSC/60/413/TS/19 license number.
If you’re a retail client from the EU, you’ll have negative balance protection. This is mandated under the ESMA’s rules. It ensures that you won’t lose more than what’s in your trading account. Just know that the protection would only be offered for CFD and Forex spot trading.
Let’s talk about the investor protection you’ll get. It would be 100% up to every €3,000, and 90% up to every €22,000.
X-Trade does not provide two-factor authentication. However, it offers bio-metric protection for its mobile app. This means that you’ll have to use either your fingerprint, voice, or retina to log into your account.
You also need to have a long password that is a mix of low and upper case, along with numbers and special characters.
It’s safe to use XTB, as it has a long and clean track record. The company regularly releases financial statements, so transparency is never an issue. The broker is also listed on the Warsaw Stock Exchange – it’s no small-fry.
While on the topic of safety, know that the site doesn’t have a banking license. To some people, this may be an issue.
The firm’s educational materials are great. You can find four different courses on trading, which are divided into basic, intermediate, expert, and premium content. The basic and intermediate courses are free but you need to pay for the other two.
Each of the courses includes videos and articles. The topics are diverse and do not deviate from the industry norm. All the information that a beginner should know about is available. Its resources are well-organized, which is a plus.
In the premium course, X-Trade has complied material from some of the best traders in the game.
The broker holds conferences and events for people who want to get into trading. In April 2019, X-Trade held the Global Online Trading Master Class. It was live-streamed and users from various locations took part.
Not only are there resources to help you invest better, but you can also find tutorials on how to use xStation 5 and Metatrader 4. You can get a demo account for this. You’ll be funded with virtual money to practice trading strategies.
Is XTB a Good Broker?
You don’t need to be a pro trader to know that the broker is worth your while. You’ll be able to trade a large selection of CFDs and Forex. The number of stock types you can trade is just as good. However, as mentioned, the number of ETFs available isn’t the best.
XTB is easy to use, and your money will be safe. The cherry on top is the fact that you’ll be getting superb customer support.
You can contact the support team through live chat, phone, or email. This is available in many languages, including Romanian and Hungarian.
The broker’s live chat provides immediate, helpful replies. What’s more, its phone support team answers calls almost immediately and attends to problems.
We contacted the site’s team via email. We had no complaints, as the representative we spoke with cleared all the doubts we had.
If you live outside Europe, you’ll get 24/7 customer support. But if you’re from the EU, support would only be available 24/5.
The fact that X-Trade has many resources and educational guides is also appreciated. If you want to become a pro, you can purchase its premium course material. You can also attend one of the conferences and masterclasses that are hosted by the platform.
The broker accepts clients from the UK. You’ll be able to make use of its services wherever you are in the world unless you live in the United States. The site is mostly used to trade CFD and Forex. However, you can trade crypto, stocks, and ETFs too. The number of CFDs and Forex available are on par with rivals like eToro and Trading 212.
XTB is a reliable broker. You’ll be getting great customer support and can get in touch with its customer representatives in several ways. There are many resources that you can use to become a better trader, as well.
You won’t be charged deposit fees, and there are several ways you can fund your trading account. However, you’ll only be able to withdraw money from a bank account in your name. If you withdraw before 1 PM, the cash would be transferred to your bank on the same day.
Are you tired of the mundane, cookie-cutter stock trading apps that leave you feeling unfulfilled? It’s time to break free from the shackles of mediocrity and experience the adrenaline rush of a cutting-edge platform.
Imagine an app that not only caters to your individual investment style but also pushes the boundaries of innovation, providing you with unparalleled tools to conquer the market.
Plus500 is a London stock exchange-listed CFD. It was created in 2008 in Israel. It’s known for its mobile app as it’s noticeably clean and effortless. You can utilize this ease to trade CFD and Forex on.
In terms of the platform, it’s regulated by many bodies. You can expect the Australian Securities and Investments Commission as well as the UK’S Financial Conduct Authority to monitor it.
Having large names assessing its every move makes it one of the safest platforms to trade CFDs on. The fact that it’s listed on the London Stock Exchange helps with this as well.
Let’s dive into some of its features.
Its web platform is extremely clean and you’ll find it very easy to use. This is translated to its mobile app as well.
In fact, many of the features on the web version are available here.
It comes with great charting tools to study data as well as a clear economic calendar. However, there isn’t a news feed.
There is also a notification system that we’re a fan of. It lets you monitor the price of an asset.
Can Anyone Make An Account?
Plus500 does not restrict a lot of countries. If you were to create an account, you’ll be able to do so as only 5 countries are barred.
If you’re wondering what these countries are, they are:
Although it’s only 5 countries, a good chunk of the world’s traders come from North America. And unfortunately, 3 of the 5 countries on this list are from the region.
How Easy Is It To Make An Account?
Plus500 is easy to make an account on. You can do so within a day which is refreshing.
Once you register for an account, you have to verify yourself to be allowed entry. Although you have to provide sensitive information, this practice is common for all online brokers.
You’ll have to add a copy of your passport or ID, as well as a utility bill (for your address).
Base currencies are essentials for online brokers. With Plus500 by your side, you have a range of currencies to choose from.
That being said, there’s a problem with this. Plus500 hasn’t made it clear what type of currencies they offer. In fact, we don’t even know how many there are.
Are There Fees?
You’ll be happy to know there are no deposit fees when trading on Plus500.
This is the same for withdrawals as well. For the first 5 withdrawals, you make a month, nothing will be charged. Once the 5 are up, you’ll have to pay $10 every time you take cash out.
If you’re wondering, it requires a $100 minimum deposit.
Easymarkets is an online broker that specializes in CFD and Forex trade. It was created in 2001 and initially went as easyMarkets.
Its headquarters are in the Marshall Islands. So, it has room to function as it wants as the Marshall Islands are very lax with online trading.
Although it’s primarily known for its web version, it has an impressive mobile app that users love.
If you’re wondering how regulated they are, cySEC and ASIC monitor their every move.
Its web platform is easy to use and clean as well. This is translated into its mobile app too.
When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.
The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.
Is It Available Everywhere?
Easymarkets is available across the world. Unlike Plus500, it’s restricted in many more countries.
Are There Base Currencies?
Yes, there are 18 of them. Unfortunately, they haven’t made all these public knowledge.
How Do You Make An Account?
If you want to make an account for the platform, you’ll have to register.
Once you register, it’s not the end of the road. You’ll have to verify who you are which requires sensitive information. If you’re wondering what these are, they are your ID/Passport as well as a utility bill.
You can expect your account to be done within a day as well.
Are There Fees?
In terms of easymarkets, it does charge you a deposit fee. However, this is very common with online brokers so it’s not anything to be too impressed about.
In terms of withdrawal fees, nothing is charged. This is impressive as Plus500 made this free only for the first 5 withdrawals of the month.
If you’re wondering, it requires a minimum $100 deposit.
Its web platform is easy to use and clean as well. This is translated into its mobile app too.
When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.
The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.
If you’re wondering, you need $100 to open a standard account.
UPDATE: Highlow does not accept UK traders anymore. Try eToro instead.
Highlow is a trading platform that was created in Australia. It has its headquarters in Sydney. Because of this, they’re regulated by the Australian Securities and Investment Commission (ASIC). Although they’re monitored by only one body, you should know that ASIC is one of the strictest (if not the most strict) financial body in the world.
With them by your side, you can trade cryptocurrency.
Although their web version is good, their mobile version is one of the best on this list.
The online broker is easy to use, like its contenders above. This is seen in its mobile app as well.
In both versions, you will see charting tools and a research section for users.
Is It Available Anywhere?
The platform was accessible to people around the world. However, there were restrictions for a few countries.
As of July 2019, Highlow decided to change this. If you live outside of Australia, you won’t be able to access the online broker as it’s only available to Australian nationals.
Its old users were allowed to stay but anyone new had to be Australian.
How Easy Is It To Open An Account?
To open an account, you’ll have to register. With this out of the way, you can only use their features if you verify yourself.
It’s not difficult to do this as all you need is proof of your identity and something to show as your address. Such a thing is common for online brokers.
When you first make an account, you’ll get $50 cashback. Isn’t that great?
Are There Fees?
When withdrawing cash, you’ll be charged 2% of whatever you took out. In terms of deposits, you won’t be charged anything.
That being said, you need $50 AUD to create a standard account.
If you want to withdraw anything, it takes up to a day to get processed.
Criteria Used To Find The Best Trading Apps
When searching for the best stock trading apps, it is essential to consider various criteria to ensure you find the right fit for your investment needs. Here are some key factors to keep in mind:
Ease of use:
Easy account setup and management
Real-time market data and quotes
Advanced charting tools and technical indicators
Watchlists and customizable alerts
News and research resources
Fractional shares and automatic investing
Fees and commissions:
Low or no trading fees
Transparency in pricing structure
Minimal or no account maintenance fees
No hidden charges
Security and reliability:
Strong encryption and data protection
Two-factor authentication (2FA)
Reliable performance during high-volume trading periods
Quick and efficient customer support
Beginner-friendly tutorials and guides
Webinars and expert insights
In-app access to market analysis and reports
Availability on both iOS and Android devices
Desktop and web-based trading platform options
Seamless synchronization between devices
Account types and investment options:
Support for various account types (e.g., individual, joint, retirement)
Access to a wide range of investment products (e.g., stocks, ETFs, options, mutual funds)
International market access
By considering these criteria, you can evaluate and compare different stock trading apps to find the one that best suits your investment goals and preferences.
How to Trade Stocks Are a Beginner?
If you’re a beginner looking to start trading stocks, here are some key factors to consider:
Education: Learn about the stock market, different types of securities, and basic concepts such as market orders, limit orders, and stop-loss orders.
Research: Understand how to analyze stocks using fundamental and technical analysis, as well as how to stay informed about market news and company developments.
Develop a strategy: Determine your investment goals, time horizon, and risk tolerance, and build a trading strategy that aligns with these factors.
Start with a practice account: Use a demo or paper trading account to practice trading with virtual money before risking real capital.
Choose a reliable broker: Select a reputable, regulated broker that offers low fees, an intuitive trading platform, and excellent customer support.
Diversify: Spread your investments across various sectors and asset classes to minimize risk and optimize returns.
Manage risk: Implement risk management techniques such as setting stop-loss orders and position sizing to protect your capital.
Track performance: Regularly review your trades and investment performance, making adjustments to your strategy as needed.
Stay disciplined: Stick to your trading plan and avoid emotional decision-making, even during volatile market conditions.
Continuous learning: Stay up to date with market trends and developments, and be open to refining your trading skills and knowledge over time.
By following these steps, beginners can develop a strong foundation in stock trading and work towards becoming successful traders.
Frequently Asked Questions About Trading Apps
What Are Fractional Shares?
Fractional shares are portions of a single share of a stock or ETF, allowing investors to own less than one full share. They enable investors with limited capital to participate in the market and build a diversified portfolio without needing to buy whole shares of expensive stocks.
Is eToro UK safe?
eToro is considered a safe platform for UK users as it is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom. Additionally, eToro employs robust security measures such as data encryption and two-factor authentication (2FA) to protect user information and funds.
Can you make a living trading stocks UK?
It is possible to make a living trading stock in the UK, but it requires a combination of skill, experience, discipline, and a well-executed strategy. Successful traders must be prepared to invest time in learning about the stock market, mastering technical and fundamental analysis, and developing a sound risk management approach.
Pepperstone is one of the most reputed and critically acclaimed brokers for CFD and forex trading anywhere in the world.
Is Pepperstone Available in the UK?
Yes. Pepperstone accepts traders from the UK.
The platform was established in 2010 in Melbourne, Australia, but it very popular in the UK and other European countries. It distinguishes itself among other brokers thanks to superior technological advancements and faster, more efficient trade executions.
It also affords traders with multiple accounts and trading platforms that we shall come to in a little while.
But first, let us give priority to one of the more bottom-of-the-priority-list services of this UK broker since it is as important as it is understated.
Pepperstone’s Trading Platform
Two of the world’s leading platforms for foreign exchange are available at Pepperstone, MetaTrader and cTrader.
Most popular platform for forex trading
User-friendly interface and resourceful management tools
Charts are displayed in real time along with live price quotes and detailed news
Offers direct access to inter-bank market depth
Capable of implementing forex trading systems based on algorithms
Customizable interface featuring charts both pre-set and detachable
Facilitates comprehensive backtesting
Choosing between the two can induce a breakdown if you are too keen. What is important to remember here that one does not have to be objectively worse than the other. It just needs to be a better suitor your subjective trading needs. MT4 tends to be the choice for traders keen on using forex automation while cTrader is favored by those who intend to personalize their interface as well as obtain more advanced options for placing orders.
If you are not quite sure which one is better suited to your style, you can always give both options a trial run on a demo account before you make up your mind.
eToro is one of Pepperstone’s biggest competitors. Read the eToro UK review here.
Now with Pepperstone the first thing that catches your attention with Pepperstone is that its trade executions are fast. Pepperstone is actually an ECN broker and what that means for forex traders is forex trading minus dealer intervention via their Razor account. It is called the edge environment and forex traders have direct access to liquidity currency pools that is not excluding big global financial institutions.
There are other factors at play that make the speed of execution even faster…
Fast trading servers
Fast global trading servers to be precise thanks to a partnership between Pepperstone and Equinix of NASDAQ fame. The servers are located in New York and London.
Pepperstone in Australia is connected to its equinox servers in New York via an optical fiber network. That effectively eliminates the several thousand kilometers between the two cities that information would have to travel in order to execute a trade. As result, latency is 10 times less than what it would be otherwise.
Leverage with Pepperstone
Pepperstone leverage is 1:500, one of the highest levels of on any forex market. So in essence, every dollar you invest is equivalent to $500 dollars on leverage. To put that into context, making the minimum deposit of $200 into your Pepperstone account allows you to trade up to $100,000 on the market.
The team that constitutes customer service for Pepperstone has many years of experience working in the forex industry. That becomes a distinct advantage since experience translates to helpful advice and instruction that users can rely on for various inquiries. In fact, Pepperstone can even provide an account manager just to ease your way with getting to know the industry and how best to play it.
As long as the forex markets are open, so is Pepperstone’s customer service facility thanks to five offices which span the entire globe from Melbourne to Shanghai to Bangkok to London, UK and finally Texas. So you do not necessarily have to be a trader based in Australia to have a local service in your region.
You can contact Pepperstone’s customer service primarily through email and a live online chat. You can get in touch by phone with headquarters in Melbourne, or Shanghai if you want to communicate in Chinese, or the branch in Dallas, Texas.
Spreads and Fees
Pepperstone is considered to offer some of the best value of any Australian forex broker when it comes to weighing the cost of trading with the services being provided.
There are no commission to pay for holders of the standard account and spreads starting from 1.0 pips. For holders of the Razor account, a commission of AU$3.5 will be charged for 100k that is traded. So there are commission allocated to certain types of accounts, the spreads are still fairly low in Australia.
Which type of account is best for you?
There really is not any shortage of options here. There is something for everyone at Pepperstone from cTrader to MT4, 5 and the Razor account. As a beginner, you can use the limitless demo account to properly acquaint yourself with other accounts so you can make a confident and informed decision and not risk your own money trying to figure it out.
In previous years, Pepperstone would match the initial deposit with some $600 Aussie dollars in free brokerage. However, there were conditions to be met.
Only new traders who were signing up with Pepperstone were eligible
The bonus would expire 60 days after the account was activated
It is not yet confirmed that the offer still stands for 2017 so it would help to inquire about it from customer services. ‘Free brokerage’ I technically commission free trading with an edge account from Pepperstone.
Pepperstone UK is one of the most reputed and acclaimed brokers in the business, not just in Australia where it is based, but on the international stage as well. Since its inception, the broker has seen rapid expansion for it client base and thoroughly comprehensive and positive reviews. That is thanks in part to the low spreads on offer but mostly due to superior technological prowess and swifter execution of trades. It is a flexible and innovative player in the broker business, one that you would do very well to sign in as a forex trader.
Founded in 2006, eToro has since grown to be among the most prominent social trading platforms. It is also a rather well-reputed broker for stocks and forex traders.
eToro is headquartered in Tel Aviv, Israel and became popular with its social trading feature.
eToro is registered as a Cypriot Investment Firm of CIF under the number HE200585 and regulated under CySec, the Cyprus Securities & Exchange Commission.
The license number is 109/10. eToro’s European base is also in Cyprus, specifically in Limassol. And in the UK, the broker’s headquarters are in London. Over there, it is also registered as a UK firm under the number 7973792 and regulated by the FCA or Financial Conduct Authority.
Is eToro Available in the UK?
Yes. eToro accept traders from the UK.
In fact, the UK is one of the markets they focus most on. They even have offices in the UK, located at this address: eToro (UK) Ltd. 24th floor, One Canada Square Canary Wharf London, E14 5AB.
At present, eToro is used by over 20 million traders from over 100 countries (60%+ are from Europe).
The list of available trading assets include currencies, commodities, CFDs, and indices, and the platform on which it is all down has literally thousands of new accounts being opened on a daily basis. However, eToro is not an active broker in the United States is not an option for traders that are based there.
“OpenBook” is eToro’s social investment platform and it was launched in 2010 coincidentally with “CopyTrading”.
2010 also saw the launch of the broker’s Android app so traders could now access their account and trade on their mobile phone or tablet. The traders could utilize these features to keenly observe how the most successful traders playing and feed off of that. However, these features have now been swapped for an all-encompassing platform which is still accessible on your android device.
eToro retains a brilliant program for education as well as an all accepting platform for trade.
But what is even more special than that it has one of the world’s largest financial trading communities online. Whereas “OpenBook” and “WebTrader” had a good run as the company’s trading platforms, they were recently replaced by a more efficient all-inclusive platform that can be accessed from any sort of device.
The minimum first deposit for opening a live account with eToro is variable depending which country and specific region a trader is based.
The figure can be anywhere from $50 to $1000. There is a practice account available as well which you can sign up for at no cost whatsoever. The practice account offers a useful insight into the workings of the platform with virtual money and no funding required. Additionally, eToro also offers an Islamic accounts.
eToro does not charge any commissions on executed trades, much like other high-end forex brokers. As compensation, the broker slightly expands the spread.
eToro’s original trading platform was rather primitive, aimed at novice inexperienced traders. But it has steadily graduated to the award-winning platform that is now, accessible on both your Android and iOS devices. You can download eToro’s App from Google Play or the iOS App Store.
Deposits and withdrawals
eToro trades on US currency only, therefore converting any deposit made in another currency as it is received. There is a convenient number of option with which you can open a live account with eToro. We have listed them below:
Diner’s Club credit
Bank wire transfer
Skrill Limited UK
China Union Pay
Customer support for traders is available 24 hours a day, five days a week from Monday to Friday. Communication is possible via telephone or email. The official email response time is 48 hours.
There does not seem to be a live chat option but there is a customizable digital customer service from a company called “Nano Rep”. There is also a “Customer Service Wall” so that customers can communicate with customer services in a sort of forum.
Usually, any inquiries are manageable with the use of online guides but if a client requests direct communication with a representative, that will be arranged in a short while.
You can choose which representative you would like to speak to by clicking on their photograph where there will be a brief bio description included as well. You can communicate either in English, French, Spanish, German, or Italian.
Besides being regulated by authorities like the FCS and CySEC, we know for a fact that eToro preserves customer information safe and secure by using an updated Secure Socket Layer or SSL to authenticate data transfers and users. It is part of the reason, why the broker is so successful and reputed in forex trading circles.
eToro is very popular among stocks and forex traders.
With its new, all-inclusive trading and social investment platform, it is highly efficient and accessible on your mobile devices as well as your computer. And it caters very well to young and inexperienced traders with its numerous education programs.
The only criticisms we have so far are the lack of an online chat system and the 5-day wait on the withdrawal process. But apart from that, a very good broker indeed.