Recommended Brokers
If you're looking for a reliable broker, these are my top 3 choices. All are compatible with TradingView, allowing you to trade directly from the charts and all have demo options available for beginners.
*Note: I am NOT paid or financially incentivised in ANY way by these brokers. These are not direct instructions to open accounts with the mentioned providers, simply possible recommendations to consider based off my personal experience in using these firms. Opening an account with these providers is done solely at your own discretion and I am not responsible in any way for any losses you may experience when using any broker. *
Oanda
Overview: OANDA is a globally recognised broker with a strong reputation for transparency and regulatory compliance. It's especially popular for forex trading and has been in the market since 1996.
Regulation: Regulated by major authorities, including the CFTC (U.S.), FCA (U.K.), ASIC (Australia), and IIROC (Canada).
Fees and Spreads: Competitive spreads, but fees vary depending on account type and region. OANDA offers commission-free trading but with spreads that can be wider than some other brokers.
Pepperstone
Overview: An Australian-based broker founded in 2010, Pepperstone is known for low fees and fast trade execution. It has built a strong reputation for reliability and cost-effectiveness, especially for forex and CFD trading.
Regulation: Regulated by ASIC (Australia), FCA (U.K.), BaFin (Germany), DFSA (Dubai), CMA (Kenya), and SCB (Bahamas).
Fees and Spreads: Competitive pricing with two main account types:
Standard Account: No commission, but with slightly higher spreads.
Razor Account: Lower spreads, with commissions (designed for active traders and those using EAs).
Trade Nation
Overview: Trade Nation is a relatively newer broker (established in 2014 under the name Core Spreads, rebranded in 2020). It focuses on making trading straightforward with transparent fees and straightforward pricing, aiming to cater to both beginners and experienced traders.
Regulation: Regulated by FCA (U.K.), ASIC (Australia), FSCA (South Africa), and SCB (Bahamas).
Fees and Spreads: Known for fixed spreads that don’t change with market volatility, which makes costs predictable and transparent. While spreads may be slightly higher than variable spread brokers, the fixed pricing model is beneficial for newer traders or those seeking consistency.
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