Best Trading Brokers 2025
After our hands-on tests and analysis, these online trading brokers have proven themselves the best when you consider the overall package (platform, features, assets, support etc).
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2NinjaTrader is a US-based brokerage regulated for trading futures. It offers three different pricing plans for varied needs and budgets, along with extremely low margins on popular contracts. The company's renowned charting software and trading platform provides extensive customization options and excellent technical analysis features.
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3eToro is a platform for social investing that provides options for both short and long-term trading on stocks, ETFs, options, and crypto. The platform is recognized for its easy-to-use, community-oriented interface and reasonable fees. With oversight from FINRA and SIPC, and used by millions globally, eToro is a reputed name in the industry. Trading on eToro is facilitated by eToro USA Securities, Inc.
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4Plus500US, a reputable broker since 2021, is authorized by the CFTC and NFA. It offers futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a quick 10-minute signup, a $100 minimum deposit, and an easy-to-use web platform, Plus500 is enhancing its services for traders in the US.
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5IQCent is an offshore binary options and CFD broker located in the Marshall Islands. They offer various account types with bonuses like payout boosts, TradeBacks, and free rollovers. With over 175 assets, 24/7 trading, and 98% payouts, the firm attracts new short-term traders.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:50 | ✗ | NFA, CFTC | Forex, Stocks, Options, Commodities, Futures, Crypto | NinjaTrader Desktop, Web & Mobile, eSignal | USD | NinjaScript or via Automated Trading Interface | ✗ | ✗ | |
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✓ | ✓ | $100 | $10 | ✗ | ✓ | SEC, FINRA | Stocks, Options, ETFs, Crypto | eToro Trading Platform & CopyTrader | USD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $100 | 0.0 Lots | 1:50 | ✗ | CFTC, NFA | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts | WebTrader, App | USD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $250 | $0.01 | 1:500 | ✓ | IFMRRC | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Online Platform, TradingView | USD, EUR | ✗ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Trading Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✗ | |
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✗ | ✗ | ✓ | |
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✗ | ✗ | ✓ | |
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✗ | ✗ | ✗ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Trading Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Trading Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | $10 | ✓ | ✗ | ||
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✓ | $100 | 0.0 Lots | ✗ | ✗ | ||
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✓ | $250 | $0.01 | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Trading Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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NinjaScript or via Automated Trading Interface | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Trading Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 4.9% | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Trading Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Trading Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $25 | ✗ | 1.3 | Floating | |
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✓ | $10 | $0 | ✗ | BTC 0.75% | |
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✗ | $0 | ✗ | 0.75 | ✗ | |
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✗ | $10 | N/A | 0.3 | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Trading Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| eToro USA |
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| NinjaTrader |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- Interactive Brokers has introduced ForecastTrader, a zero-commission service allowing users to trade yes/no Forecast Contracts on political, economic, and climate events. Contracts offer fixed $1 payouts, 24/6 market access, and a 3.83% APY on held positions.
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
Cons
- TWS's platform may be difficult for beginners to grasp because of its complexity - we were overwhelmed during our initial tests by the sheer volume of tools, features and widgets.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
Why Trade With NinjaTrader?
NinjaTrader consistently satisfies active futures traders with its low-cost service and high-quality analysis tools. It offers superior charting features, including hundreds of indicators and over 10 chart types.
Pros
- You can access thousands of applications and add-ons from developers worldwide for trading.
- Traders can access a free platform and trade simulation capabilities with the unlimited demo.
- Low costs, with $50 trading margins and commissions starting at $.09 per micro contract.
Cons
- Some payment methods require a withdrawal fee.
- The advanced trading tools require an additional fee.
- You need to register with partner brokers to trade in securities other than forex and futures.
Why Trade With eToro USA?
eToro is a top choice for traders due to its top-notch social investing and copy trading services. The broker caters well to new traders with its low deposit requirement, commission-free trading, and user-friendly platform.
Pros
- The low minimum deposit and simple account setup allow beginners to start trading quickly.
- A free demo account enables new users and potential traders to test the broker without risk.
- The online broker provides a user-friendly social investment network for easy crypto trading replication.
Cons
- There are fewer trading options available, including only stocks, ETFs, and cryptos, compared to competitors.
- The exclusive terminal does not accommodate trading bots and lacks extra equity market analysis tools.
- Traders used to third-party charting tools won't find MetaTrader 4 platform integration.
Why Trade With Plus500US?
Plus500US is an excellent choice for beginners, offering a user-friendly platform, low trading margins, and access to the Futures Academy to improve trading skills. Its powerful tools and reliable service earned it second place in DayTrading.com's annual 'Best US Broker' award.
Pros
- Plus500 is a reputable publicly traded company with over 24 million traders and sponsors the Chicago Bulls.
- The account setup, pricing structure, and web platform make futures trading simpler than competitors like NinjaTrader.
- Plus500US stands out for its low fees, competitive trading margins, and no charges for inactivity, live data, routing, or platform use.
Cons
- Plus500US offers competitive pricing but does not have a discount program for high-volume traders, unlike brokers like Interactive Brokers.
- Plus500US lacks social trading features, unlike competitors such as eToro US, which might enhance its appeal to aspiring traders.
- Plus500US is expanding its investment options, but it currently only offers around 50+ futures and no stocks.
Why Trade With IQCent?
IQCent is ideal for traders who want a simple platform for binary options and CFD trading that has low fees and offers copy trading. It features a variety of accounts and requires less than a minute to get started with a $250 deposit.
Pros
- IQCent, a binary options broker, provides a copy trading service suitable for traders who prefer a hands-off approach.
- Based on evaluations, the fees for trading CFDs are competitively priced. This includes 0.7 pips for major forex pairs like EUR/USD.
- The unique terminal provides TradingView-supported charts featuring numerous technical indicators and studies for traders.
Cons
- IQCent imposes a $10 monthly fee if you don't conduct at least one trade per month.
- The market analysis is simple, offering few technical overviews and limited opinions from analysts.
- The broker is not regulated by a reputable authority, which is typical for binary options companies.
Filters
How BrokerListings.com Chose the Best Trading Brokers
Over the years, we’ve opened countless accounts, placed trades, and compared results in both live and demo environments.
Our evaluations cover brokers for all types of trading styles, from scalping trading and swing trading to high-frequency trading and copy trading.
We’ve also tested providers that specialize in automated trading systems like expert advisors, and robo advisors using both desktop and VPS hosting setups.
That way, we can see how they perform in fast-paced environments and how reliable they are for both manual and automated strategies.
We also focus on accessibility and convenience – measuring low minimum deposit accounts, instant deposits, fast withdrawals, and instant settlement.
Additionally, we test in areas where many brokers are making technological advances that active traders care about. These include trading apps, as well as any smartwatch apps, plus AI integrations and trading signals.
And whether a broker offers extra features, such as social trading, copy trading, or demo competitions, we test these ourselves to verify whether the experience matches or diverges from marketing claims.
These all feed into our overall scores, which we’ve used to rank the all-round top brokers.
Real Testing, Not Just Spec Sheets
We don’t rely on marketing claims or brochures. Instead, we log into a broker’s trading software, explore various markets, including forex, commodities, shares, and crypto, to test margin trading, spot trading, and high-leverage functionality.
We observe execution speed, negative balance protection, and how brokers handle extended hours sessions.
We look closely at pricing models. Some brokers offer fixed spreads, while others provide low spreads through ECN accounts, and some offer commission-free trading.
We also verify whether brokers offer guaranteed stop-loss and trailing stop-loss options, bonus offers, no-deposit bonuses, and rebates. Any trading tournaments available are reviewed as part of the experience.
That way, traders know exactly what benefits are real and which might be purely promotional.
Transparency and Consistency in Our Scoring
Every broker is evaluated using the same testing methodology. We review low pricing, risk management tools, education resources, and customer service responsiveness.
We also check for no-inactivity-fee policies and whether brokers reimburse transfer fees, which can be especially useful for expats as an example.
We update our tests regularly. If a broker upgrades infrastructure to improve execution speed, instant settlement, or access during extended hours, it is reflected in our results. Likewise, if fast withdrawals slow down or swap rates change, we document that.
What Is a Broker?
At its simplest, a broker is your gateway to the financial markets. You cannot trade directly on exchanges for most assets, including forex, stocks, and commodities.
Brokers provide the tools, platforms, and connections to make trading possible. And the majority of trades pass through an online broker.
Different Broker Models
Brokers can operate under different models, including Straight Through Processing (STP), Electronic Communication Network (ECN), and market maker setups. Each model affects order execution, spreads, pricing, and potential conflicts.
Transparency matters more than the label. Whether a broker offers fixed spreads, low spreads, or commission-free trading, knowing how they operate helps you match your account to your trading style and risk tolerance.
How Brokers Make Money
Understanding how brokers make money helps active traders especially manage costs. The most common method is through spreads, the difference between buy and sell prices. Some brokers also charge commissions, rebates, or apply markups.
We test all these models to see how they affect total trading costs.
Spreads, Commissions, and Markups
We track low spreads, fixed spreads, and commission-free trading accounts under volatile conditions, such as during high leverage or extended hours trading.
Some brokers offer rebates or performance-based bonus offers for high-volume traders, which we take into account in our assessments.
Overnight Financing and Other Fees
Brokers also earn through overnight swaps, fees for margin trading, and other administrative charges. We review interest on cash, withdrawal costs, and no inactivity fee policies.
Transparency is key. Brokers that are upfront about costs are generally more trustworthy for beginner traders and professional traders alike.
Choosing the Right Broker for Your Strategy
The right broker depends on your trading style.
Matching Platform and Style
If you trade using scalping, high-frequency trading, or short-term strategies, low latency and market execution are the most critical factors.
Longer-term swing trading requires stable platforms, fair swap rates, and risk management tools like guaranteed stop loss and trailing stop loss.
Automated traders benefit from expert advisors, robo advisors, and API integrations.
Beginners or those trading without PDT or no KYC may prefer platforms that offer copy trading, social trading, or demo competitions to test strategies safely.
Testing with a Demo First
Starting with a demo trading account is critical.
We compare demo and live accounts to ensure spreads, execution, and instant settlement match.
We also test risk management tools, such as bracket orders and good till triggered orders in demo accounts to see how they perform.
The Bottom Line
The best broker depends on your goals and trading style. This guide exists to help all traders – beginners, professionals, expats, women investors, and more – find brokers that are transparent, reliable, and excel based on our tests rather than marketing claims.
Whichever provider you choose, licensing and regulatory compliance are essential. We verify each broker’s license in line with our regulator directory and check whether client funds are held in a separate account.
Our rankings on this page reveal the best overall brokers when considering the 360 trading package.
FAQ
Do I Need A Broker To Trade?
Yes, you typically need a broker to trade. They provide the platform and tools necessary to execute trades in different markets.
What Are The Risks Of Using A Trading Broker?
Trading involves several risks, including potential financial loss due to market volatility or impulsive decisions. There is also a risk of falling for scam brokers or those that provide unfair trading conditions, so it’s important to choose regulated and reputable platforms.
How Do I Open A Trading Account?
To open a trading account, you need to register with a broker. You will usually provide personal details and some information about your trading experience. Most regulated brokers will also ask for identity verification.
How Much Money Do I Need To Start Trading?
The amount needed to start trading varies by platform. Some brokers require hundreds of even thousands of dollars, particularly for advanced features, but many offer a minimum deposit of less than $500 or even no minimum at all.