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Brokaro
Independent · Data-driven · Dated and sourced

Find the broker that actually fits you

We break every broker down into its parts: fees, regulation, platforms, product range. Compare transparently — by country, asset class and trading style.

Popular:ForexStocksOptionsFutures
Brokers analysed
72
Broker profiles with sources
Criteria per broker
10
Fees, regulation, platform
Countries covered
39
Availability & tax notes
Last updated
30 Aug 2026
Most recent record in the dataset

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

72 brokers compared

Leaderboard

Our top-rated brokers

The highest scoring providers across all categories.

See all brokers
Rank 1

Charles Schwab

The full-service US giant that also owns thinkorswim, a professional-grade trading platform.

  • US long-term investors
  • Options and futures traders
Stocks (per order)
Free
Minimum deposit
None
FX conversion
1 %
StocksETFsOptionsFutures+5
  • Pros: USD 0 commission on every online listed US stock and ETF order, with no share cap and no proprietary-fund restrictions
  • Cons: No spot cryptocurrency trading — only ETFs, futures and crypto-adjacent equities, which puts Schwab behind Fidelity and well behind Robinhood
Group index 93/100
SECFINRA, FDIC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 2Fidelity Investments logo

Fidelity Investments

The research-and-education benchmark for US investors, with the cheapest funds in the industry attached.

  • US long-term investors
  • Index fund and ETF buyers
Stocks (per order)
Free
Minimum deposit
None
FX conversion
1 %
StocksETFsOptionsCrypto+3
  • Pros: USD 0 online US stock and ETF commissions, and Fidelity does not accept payment for order flow on equity orders
  • Cons: No futures, no futures options and no retail forex — a hard stop for macro and commodity traders
Group index 73/100
SECFINRA, FDIC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 3IG logo

IG

The most complete leveraged-trading operation in Europe — and it prices like it knows that.

  • Experienced CFD and spread bet traders
  • Multi-asset traders who want one account

Volume rebate — CFD volume rebate at the Bermuda entity

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.8 %
StocksETFsOptionsFutures+9
  • Pros: Around 17,000 tradable markets in a single account — shares, indices, FX, commodities, bonds, ETFs, turbo warrants and crypto CFDs, subject to regional restrictions
  • Cons: The 0.8% currency conversion mark-up on foreign-currency CFD and spread bet trades is where much of the real cost hides — on a USD position round-trip it comfortably exceeds the spread
Group index 100/100
FCABaFin, FINMA, ASIC, MAS, JFSA, DFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 4Interactive Brokers logo

Interactive Brokers

The cheapest serious route to almost every market on earth — if you can live with the learning curve.

  • Active and professional traders
  • Multi-currency investors

Up to USD 1,000 in stock — Referral programme with share credit

Note: this button leads to the Interactive Brokers home page and is not a referral link. The share credit is only available if you open the account through an invitation from an existing Interactive Brokers client.

Stocks (per order)
0.05 %
Minimum deposit
None
FX conversion
0 %
StocksETFsOptionsFutures+8
  • Pros: US stocks from USD 0.0035 per share on the Tiered plan, minimum USD 0.35 per order and capped at 1% of trade value
  • Cons: Customer support is the most common complaint: many requests go through the ticket system, and public reviews (e.g. on Trustpilot) often cite slow replies and template answers
Group index 90/100
SECFCA, CBI, ASIC, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 5CMC Markets logo

CMC Markets

One of the best charting packages in retail CFD trading, wrapped around a narrower product range than the market count suggests.

  • Technical and chart-driven traders
  • UK and Irish spread betting
Stocks (per order)
Free (CFD)
Minimum deposit
None
FX conversion
0.7 %
StocksETFsOptionsForex+6
  • Pros: Next Generation is one of the strongest charting suites bundled with a retail CFD account —115+ indicators, 70 chart patterns, 12 chart types and pattern-recognition scanners, at no extra cost
  • Cons: None of CMC's derivatives is exchange-traded: the options it quotes are OTC and cash-settled, and there are no cleared futures at all, so CMC is the counterparty on every derivative contract and no clearing house stands behind it
Group index 94/100
FCAASIC, BaFin, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 6

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

  • Active FX traders
  • Scalping and day trading

From 0.0 pips — Raw spreads from 0.0 pips with commission

Stocks (per order)
0.1 % (CFD)
Minimum deposit
US$10
FX conversion
n/a
StocksETFsForexCFDs+5
  • Pros: Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Everything is a CFD. You never own the share or ETF, so there are no voting rights, no transferable holdings and no dividend tax reclaim
Group index 82/100
FCAASIC, BaFin, CySEC, DFSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Markets

Investing from the UK, the US and beyond

For each country: the regulator, how many brokers in our comparison accept clients from there and, where researched, tax-advantaged accounts and a guide.

All countries

Islamic investing Interest on cash, swap-free accounts, Sharia screening: what the brokers state, compared.

Broker finder

Which broker fits you?

Answer four questions and get a shortlist that fits.

Step 1 of 4

What do you mainly want to trade?

72 brokers match your answersEvery question is optional.

Best of

Brokers by trading style

Every category has different requirements — and different winners.

ForexForex brokers compared: spreads, commissions, execution, leverage and regulation.35 brokers in this categoryStocksStock brokers compared: commissions, exchange access, FX markups and custody costs.53 brokers in this categoryOptionsOptions brokers compared: per-contract fees, assignment costs, strategy tools and margin models.28 brokers in this categoryFuturesFutures brokers compared: commissions, intraday margin, data feeds and order routing.25 brokers in this categoryCryptoCrypto providers compared: trading fees, spreads, custody, coin selection and regulation.42 brokers in this categoryCFDsCFD brokers compared: spreads, overnight financing, leverage and investor protection.36 brokers in this categoryETFsETF brokers compared: fees, safety and ETF selection.48 brokers in this categoryBeginnersBrokers for beginners: simple interfaces, solid learning material, low barriers to entry.37 brokers in this categoryLowest costThe lowest-cost brokers: commissions, spreads, custody and ancillary fees compared.40 brokers in this category

Countries

Brokers by country

Regulation, taxes and availability differ substantially.

Germany54 available · BaFinAustria51 available · FMASwitzerland46 available · FINMANetherlands49 available · AFMFrance46 available · AMF

Trust

Why Brokaro?

Content on Brokaro is for information purposes only and is not investment, legal or tax advice.

Our methodology

Independent scoring

Our ranking runs on a published scoring model with ten weighted criteria — never on commission size.

Criteria weighting
  • Fees 22%
  • Safety & regulation 20%
  • Trading platform 14%
  • Product range 10%
  • Mobile app 8%
  • Research 7%
  • Customer support 7%
  • Deposit & withdrawal 5%
  • Account opening 4%
  • Education 3%

Transparent methodology

Every weight, every criterion and every data date is public and reproducible.

Criteria per broker
10

Dated and sourced

Fees change. Every record carries a date and the sources it was compiled from.

Last updatedMost recent record in the dataset
30 Aug 2026
Source links across all brokers
960

User reviews

Reviews come only from visitors to this site. We screen them for spam and abuse before publication, but we do not check whether the authors are customers of the broker. They appear separately from our editorial score. We neither buy reviews nor import them from other platforms.

Current broker deals

Bonuses, cashback and fee promotions — each with the date we last checked it with the provider.

All deals
XTB logoXTBFee waiver

0%

0% commission on stocks and ETFs up to the monthly volume cap

No fixed end date

Checked with the provider on 01 Sept 2026

Re-check pending

See deal

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Scalable Capital logoScalable CapitalFee waiver

Flat-rate plan

No order fee on EIX from EUR 250

No fixed end date

Checked with the provider on 01 Sept 2026

Re-check pending

See deal

Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.

tastytrade logotastytradeFee waiver

USD 0 to close

No commission to close options positions

No fixed end date

Checked with the provider on 01 Sept 2026

Re-check pending

See deal

Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Calculators

Calculators & tools

Work out costs, position sizes and returns in seconds.

Calculators & tools
Fee calculatorWhat does a year of trading really cost at each broker?Position size calculatorHow large can a position be at your risk level?Compound interest calculatorWhat regular contributions turn into over the years.ETF savings plan calculatorCosts and final value of a savings plan over time.Pip value calculatorWhat one pip is worth in your account currency.Margin calculatorHow much capital a leveraged position ties up.Currency converterConversion including typical broker markups.Profit & loss calculatorPosition outcome before and after costs.Risk/reward calculatorWhat win rate your setup needs.Break-even calculatorHow far price must move to cover costs.

These calculators are for information only and are not investment advice.

Guides

Guides

Solid knowledge, explained clearly.

All guides
Costs

The most expensive hidden cost: FX conversion at your broker

FX markup is usually the biggest single cost for euro and franc investors buying US assets. What brokers charge, how they hide it, and how to cut it.

8 minUpdated 24 Sept 2026

Costs

Understanding broker fees: every cost type, broken down

Commission, spread, FX markup, custody and pass-through levies: the five layers of broker cost, explained by mechanism and worked through with real numbers.

9 minUpdated 04 Sept 2026

Strategy

CFD trading: where the costs really come from and why most people lose

CFDs cost you in four places: spread, overnight financing, FX conversion and slippage. Worked examples, ESMA leverage caps and what the loss figure means.

10 minUpdated 04 Sept 2026

Ready to compare?

Filter 72 brokers by fees, regulation, platform and product range — and decide on numbers instead of marketing claims.

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Content on Brokaro is for information purposes only and is not investment, legal or tax advice.