Awards – Broker Of The Year Awards 2025

Contributor Image
Written By
Contributor Image
Written By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

The DayTrading.com Broker Awards for 2025. The trading landscape continues to see big changes and significant challenges – our Awards acknowledge those brands that have adapted best, continued to innovate and maintained a customer focus.

In addition to Best Overall Broker, Best Forex Broker and Best Trading App, we also award a Best US, and Best Aus, Broker Award in what are fairly unique markets.

From depth of markets and investments to customer service, we have tried to include every aspect of what makes a broker stand out. In a hugely competitive arena, spreads and trading costs remain important, as does the trading platform itself.

In addition, post ESMA, we have looked at the overall health of a firm too, and how they are helping customers trade responsibly, and profitably.

With some notable brands taking actions that clearly disregarded the best interests of their customers in recent years, we have awarded firms who treat customers fairly.

Below we detail the winners and explain the basis on which we made each Award decision. We also mention notable runners up where the call was close. Feel free to send us your feedback and contribute to the winners and losers over the next 12 months.

best forex broker award 2024Best Forex Broker Award

Winner: Pepperstone

Runners Up:  Eightcap
Pepperstone offer a superb platform for trading forex, and continue to offer traders unique insight via their market analysts. Reliable and swift trading provide traders with everything they need.

Strong regulation, high user satisfaction and a solid balance sheet back up Pepperstone as a great choice for anyone looking to speculate on foreign exchange.

IC Markets and Eightcap also offer solid all-round offerings, but were pipped by Pepperstone in the forex category.

best binary broker award 2024Best Binary Broker Award

Winner: IQ Cent

Runner Up: Pocket Option

IQ Cent continue to expand their offering. With binary and digital options coming under further scrutiny, IQ Cent are still able to offer their services to traders around the world, and boast a solid reputation.

With a slick platform and considerable market depth, traders are able to access most major markets with clear risk management expectations and simplified strategies.

Recent additions of Marketplace rewards illustrate the brands constant push for higher user retention.

Pocket Option – 2022 winners – continue to offer a solid service too, again, available to most nations around the world.

best us broker award 2024Best US Broker Award

Winner: Forex.com

Runner Up: Nadex

Forex.com continue to offer a wide reaching service to US traders. Regulatory oversight varies considerably in the US, compared to other regions, and many brands offer very slimmed down offerings for traders.

Forex.com however, ensure they provide as many options as possible, for those looking to invest from the US.

In a fast changing environment, Forex.com continue to deliver for US clients and score highly in user satisfaction.

In an era of gamification and controversy with certain brands – Forex.com remain admirably professional.

best australian broker award 2024Best Aus Broker Award

Winner: Vantage

Runner Up: Pepperstone

A new regional award – this one focusing on Australia.

Given the changing regulatory picture around the world, regional awards reflect the different pressures brands face, while enabling us to compare like-for-like offerings.

The inaugural winners of the “Best Aus Broker” are Vantage. ASIC regulated, the brand do operate globally, but deliver an award winning service for Australians.

With a broad asset range, excellent reliability and low fees, Vantage came out on top in a very competitive region, pipping Pepperstone to take this year’s award.

best crypto broker award 2024Best Crypto Award

Winner: Eightcap

Runner Up: eToro

After the collapse of FTX, and issues at Binance, many traders hold fears about the viability of crypto exchanges.

Traditional brokers such as Eightcap however, can offer confidence and peace of mind to potential traders via regulatory oversight and a proven track record.

Eightcap have been adding new crypto pairs when required, and offering levels of customer support that crypto exchanges simply do not attempt to match.

With risk management a more straight forward process with CFDs, getting exposure to crypto price fluctuation via a traditional broker, now makes more sense than trying to find a reliable exchange. Eightcap offer the best route for traders looking to take up this option.

best trading app 2024 awardBest Trading App Award

Winner: Avatrade

Runners Up: Pepperstone

Though more of an issue in the US, the gamification of many trading apps remains the current trend, this means that traders are not treated with the respect they deserve by many application developers.

Avatrade have gone done a different route, and continue to develop a robust, reliable application that delivers excellent functionality alongside a simplified design to better suit mobile devices.

User ratings are high, up-time is excellent (and consistent) and the focus remains on the end user, rather than the bottom line.

Pepperstone have been previous winners of this award, and they continue to provide an excellent alternative, with a superb, well-rounded mobile app.

best metatrader broker award 2024Best MT4/MT5 Broker

Winner: Pepperstone

Runners Up: IC Markets

Pepperstone won this year’s “Best MT4 Broker”.

The globally regulated brand have been prolific winners of our awards down the years, and their current MetaTrader integration gives traders everything they would want when trading directly from the Meta Quotes platforms.

Pepperstone have often tried to deliver multiple options for traders, while not compromising on the trading experience and reliability of the platform. The addition on MT4 and MT5 in recent years is further evidence.

best broker award 2024Best Overall Broker

Winner: EightCap

Eightcap have been awarded the “Best Overall Broker” this year.

The Best Overall award generally goes to a brand that delivers across the board, and Eightcap have done that this year.

From the forex CFD trading, to the growth of the crypto offering, the brand continues to excel.

Further regulatory oversight has been added, giving traders from across the globe the confidence of trading with a brand regulated locally. From ASIC to the FCA in the UK, Eightcap are keen to offer their traders peace of mind.

Combine this with expanded platform offerings, greater integration – including Tradingview – and deeper market liquidity and you have a brand improving in almost every metric.

Top Rated Award-Winning Brokers

These are the 10 top rated brokers that have also won awards:

Click a broker for details
  1. 1
    FOREX.com
    5 Awards
    Active Trader Program With A 15% Reduction In Costs

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
  2. 2
    NinjaTrader
    1 Award

    Ratings
    4.3 / 5
    2.8 / 5
    2.9 / 5
    4.3 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4 / 5
    3 / 5
    3.2 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Options, Commodities, Futures, Crypto
    NinjaTrader Desktop, Web & Mobile, eSignal
    ACH Transfer, Debit Card, Wire Transfer, Cheque
    USD
  3. 3
    IQCent
    1 Award
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  4. 4
    OANDA US
    4 Awards
    CFDs are not available to residents in the United States.

    Ratings
    4.5 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.3 / 5
    3.8 / 5
    4.7 / 5
    3.7 / 5

    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
    OANDA Trade, MT4, TradingView, AutoChartist
    Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
  5. 5
    Moomoo
    4 Awards
    Get up to 15 free stocks worth up to $2000

    Ratings
    4.7 / 5
    3.3 / 5
    3 / 5
    3.8 / 5
    3 / 5
    2.8 / 5
    3.8 / 5
    4.4 / 5
    4.6 / 5
    3.3 / 5

    $0
    $0
    1:2
    SEC, FINRA, MAS, ASIC, SFC
    Stocks, Options, ETFs, ADRs, OTCs
    Desktop Platform, Mobile App
    Wire Transfer, ACH Transfer
    USD, HKD, SGD
  6. 6
    CEX.IO
    3 Awards

    Ratings
    2.5 / 5
    3.3 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.8 / 5
    2.5 / 5
    4 / 5
    4.6 / 5
    3.1 / 5

    $20
    $1
    GFSC
    Cryptos
    TradingView
    Debit Card, Credit Card, Wire Transfer, Swift, Skrill, Visa, Mastercard, PayPal, Neteller, Apple Pay, Google Wallet, Bitcoin Payments
    USD, EUR, GBP
  7. 7
    Nexo
    2 Awards
    Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line

    Ratings
    2.5 / 5
    3 / 5
    3 / 5
    2.5 / 5
    3.5 / 5
    4 / 5
    2.5 / 5
    1 / 5
    3.8 / 5
    4 / 5

    $10
    $30
    Cryptos
    Nexo Pro
    Bitcoin Payments, Credit Card, Debit Card, Apple Pay, Google Wallet, Wire Transfer
    USD, EUR, GBP
  8. 8
    Gemini
    2 Awards

    Ratings
    2 / 5
    3 / 5
    2 / 5
    2.5 / 5
    3 / 5
    2 / 5
    2.5 / 5
    3 / 5
    0 / 5
    0 / 5

    $0
    0.00001 BTC
    NYDFS, MAS, FCA
    Cryptos
    ActiveTrader, AlgoTrader, TradingView
    Bitcoin Payments, Credit Card, Wire Transfer, Visa, Mastercard, Silvergate Bank Transfer, Ethereum Payments, ACH Transfer, PayPal, Etana
    USD, EUR, GBP, CAD, AUD, HKD, SGD
  9. 9
    Firstrade
    1 Award
    Deposit Bonus Up To $4000

    Ratings
    4.3 / 5
    3.8 / 5
    4.3 / 5
    3.8 / 5
    3.5 / 5
    3.5 / 5
    4.3 / 5
    4 / 5
    0 / 5
    0 / 5

    $0
    $1
    SEC, FINRA
    Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
    TradingCentral
    ACH Transfer, Wire Transfer, Cheque, Automated Customer Account Transfer Service
    USD
  10. 10
    BinaryCent
    2 Awards
    20% - 200% deposit bonus

    Ratings
    2.8 / 5
    2.8 / 5
    3 / 5
    2.5 / 5
    3 / 5
    3 / 5
    1 / 5
    2 / 5
    3 / 5
    3 / 5

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD

Here is a short overview of each broker's pros and cons

  1. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  2. NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
  3. IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
  4. OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
  5. Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
  6. CEX.IO - CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.
  7. Nexo - Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.
  8. Gemini - Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace.
  9. Firstrade - Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular and top-tier online brokerage. It is also quick and easy to open a new account.
  10. BinaryCent - BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

FOREX.com Awards

FOREX.com has won 5 awards:

  1. Best CFD Broker 2022 - Rankia
  2. Best HNW Service 2022 - Dubai Forex Expo
  3. Best US Broker 2020 - DayTrading.com
  4. Best US Broker 2019 - DayTrading.com
  5. Runner-Up - Best Forex Broker 2019 - DayTrading.com

Pros

  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.

Cons

  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo AccountYes
InstrumentsForex, Stocks, Options, Commodities, Futures, Crypto
RegulatorNFA, CFTC
PlatformsNinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD

NinjaTrader Awards

NinjaTrader has won one award:

  1. 2023 Benzinga Global Fintech Awards

Pros

  • You can get thousands of add-ons and applications from developers in 150+ countries
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract

Cons

  • There is a withdrawal fee on some funding methods
  • Non forex and futures trading requires signing up with partner brokers
  • The premium platform tools come with an extra charge

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR

IQCent Awards

IQCent has won one award:

  1. Best Binary Broker 2023 - DayTrading.com

Pros

  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
  • IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
  • CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD

Cons

  • The broker is not overseen by a respected regulator, though this is common among binary options firms
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

Jemma Grist, Reviewer

OANDA US Quick Facts

Demo AccountYes
InstrumentsForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
RegulatorNFA, CFTC
PlatformsOANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

OANDA US Awards

OANDA US has won 4 awards:

  1. Best US Broker 2023 - DayTrading.com
  2. Best Trading Tools winner 2021 - Online Personal Wealth Awards
  3. Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  4. Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex

Pros

  • Day traders can enjoy fast and reliable order execution
  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView
  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders

Cons

  • There's only a small range of payment methods available, with no e-wallets supported
  • The range of day trading markets is limited to forex and cryptos only
  • It's a shame that customer support is not available on weekends

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."

Jemma Grist, Reviewer

Moomoo Quick Facts

Bonus OfferGet up to 15 free stocks worth up to $2000
Demo AccountYes
InstrumentsStocks, Options, ETFs, ADRs, OTCs
RegulatorSEC, FINRA, MAS, ASIC, SFC
PlatformsDesktop Platform, Mobile App
Minimum Deposit$0
Minimum Trade$0
Leverage1:2
Account CurrenciesUSD, HKD, SGD

Moomoo Awards

Moomoo has won 4 awards:

  1. Best Trading Platform 2022 - Fintech Breakthrough
  2. Best Active Trading App 2021 - Investing Simple
  3. Best Trading Technology 2021 - Benzinga
  4. Best Online Stock Brokers 2021 - Benzinga

Pros

  • The broker offers access to extended pre-market trading hours
  • There is no minimum deposit requirement making the broker accessible for beginners
  • It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others

Cons

  • It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
  • There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
  • There is no phone or live chat support - common options at most other brokers

CEX.IO

"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."

Tobias Robinson, Reviewer

CEX.IO Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorGFSC
PlatformsTradingView
Minimum Deposit$20
Minimum Trade$1
Account CurrenciesUSD, EUR, GBP

CEX.IO Awards

CEX.IO has won 3 awards:

  1. Most Secure Bitcoin and Cryptocurrency Exchange Platform 2023, World Business Outlook
  2. Leading Cryptocurrency Exchange Platform 2023, World Business Outlook
  3. Best Cryptocurrency Exchange Platform 2023, Global Brands Magazine

Pros

  • There's a wide range of global payment methods available including PayPal
  • CEX.IO has remained a trusted crypto exchange since its launch, with 5+ million users
  • High quality educational materials are available through the University feature

Cons

  • It's a shame that there's no demo account for traders looking to practice strategies
  • Deposit and withdrawal fees are relatively high, including 0.3% + $25 for SWIFT withdrawals
  • A maintenance fee applies after 12 months of no activity

Nexo

"Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker."

Michael MacKenzie, Reviewer

Nexo Quick Facts

Bonus OfferLoyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line
Demo AccountNo
InstrumentsCryptos
PlatformsNexo Pro
Minimum Deposit$10
Minimum Trade$30
Account CurrenciesUSD, EUR, GBP

Nexo Awards

Nexo has won 2 awards:

  1. Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  2. Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022

Pros

  • Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
  • Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
  • Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation

Cons

  • Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
  • High maker/taker fees mean day traders will pay more to trade derivatives than they would at rival exchanges like Binance
  • High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods

Gemini

"Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches."

Michael MacKenzie, Reviewer

Gemini Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorNYDFS, MAS, FCA
PlatformsActiveTrader, AlgoTrader, TradingView
Minimum Deposit$0
Minimum Trade0.00001 BTC
Account CurrenciesUSD, EUR, GBP, CAD, AUD, HKD, SGD

Gemini Awards

Gemini has won 2 awards:

  1. Best Cryptocurrency Exchange 2019 - Markets Choice Awards
  2. Best Crypto Exchange Overall 2022 - The Ascent

Pros

  • There is a decent range of educational guides and tutorials suitable for beginners
  • The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities
  • Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage

Cons

  • There are high fees for some funding methods including a 3.49% fee for card transactions
  • Some larger coins by market cap are not available to buy through Gemini
  • The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach

Firstrade

"Firstrade is perfect for beginners looking to trade US stocks with zero commissions. There is a wealth of free education plus premium-quality research, notably through its latest FirstradeGPT tool, plus trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."

William Berg, Reviewer

Firstrade Quick Facts

Bonus OfferDeposit Bonus Up To $4000
Demo AccountNo
InstrumentsStocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
RegulatorSEC, FINRA
PlatformsTradingCentral
Minimum Deposit$0
Minimum Trade$1
Account CurrenciesUSD

Firstrade Awards

Firstrade has won one award:

  1. Best for ETF & Active Investor Commission & Fees - 2019

Pros

  • Highly trusted US-regulated brokerage and SIPC member
  • Excellent broker for budget-conscious traders with low OTC fees
  • Enhanced stock trading environment with overnight trading and fractional shares added

Cons

  • Visa credit/debit card deposits and withdrawals are not accepted
  • No demo/paper trading account found at over 90% of alternatives evaluated
  • Customer support still needs work following testing with no 24/7 assistance

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
RegulatorVFSC
PlatformsOwn
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD

BinaryCent Awards

BinaryCent has won 2 awards:

  1. Tech Finance - Journal Award - 2015
  2. iFX Expo Asia Award - 2016

Pros

  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Simple and straightforward proprietary platform for binary options trading
  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets

Cons

  • Not available to traders based in the US
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • The $250 minimum deposit is higher than most binary options brokers