Stock broker reviews and comparison by ForexSQ.com experts, It’s difficult to estimate the number of stock brokers in the world and deciding which one to work with to invest your money is an even more difficult question. The professional investors at ForexSQ want to help make that decision easier by providing reviews of stockbrokers all over the world, especially the U.S. and U.K. The investment markets in different countries don’t operate under the same rules and regulations and it’s important to know how they differ. ForexSQ experts will show you how to choose the best Stock Broker and how to open trading account with top online stock broker but first let’s start from the beginning.
What is a Stockbroker ?
A stockbroker is a professional individual who is usually associated with a brokerage firm that specializes in buying and selling stock and/or other securities through various investment markets or over the counter for a fee or commission. The title of a stockbroker varies by profession depending on the type of license they hold, type of investment they sell or services they provide and country in which they are based.
In the United States, a stockbroker has to pass a series of exams in order to obtain a license and requirements vary from country to country, as do salaries for the profession.
Best Stock Brokers List In UK, Europe, South Africa, Asia
Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Stocks and Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.
Plus500 is a company providing online trading services to retail customers. Plus500 broker provides Stocks and binary options trading to all traders around the world except U.S citizens, The company was founded in 2008 and provides trading in CFDs on a range of financial markets.
IG Group is a UK-based company providing trading in financial derivatives such as Stocks, binary options, contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.
CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets.
24option is one of the world’s leading binary options trading platforms. Trade binary options on 60-second options of commodities, indices ,stocks and Forex.
HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
Markets.com broker offers seamless trading of over 300 trading assets. Trade stock, indices, currency, Binary options and CFDs with zero commission or fees on our top notch trading platforms, mobile or web.
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
The XM.com CFD broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK where it is registered and strictly regulated by the Financial Securities Authority (FSA), Alpari UK has merged with Alpari Global and Alpari US is registered with and overseen by a number of regulatory agencies.
FXTM is an acronym for ForexTime.com, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.
The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland.
London Capital Group
London Capital Group Ltd was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK. LCG trading began offering capital spreads in 2003 and is one of the leading financial services firms in the UK offering a wide range of investment assets that include Contracts for Difference (CFDs), stocks, indices, major currency pairs, binary options, soft commodities, oil and precious metals.
Fxstay broker team provide professional Forex managed accounts service to their clients.
Fxstay team provide VIP managed accounts use dedicate teams which include international traders to Managed investors account with low risk. Fxstay is one of the best stock broker in the world specialized only in managed accounts service.
Best Online Stock Brokers In Switzerland
Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.
Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.
Best Online Stock Broker In Australia
Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai.
Best Stock Broker In Denmark
Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. SaxoBank is one of the best online stock broker in the world.
Best Online Stock Brokers In U.S
TD Ameritrade is an American online broker based in Omaha, Nebraska. The TD stands for Toronto-Dominion. TD Ameritrade Holding Corporation is the owner of TD Ameritrade Inc.
FMR LLC or Fidelity Investments is an American multinational financial services corporation. It is the fourth largest mutual fund and financial services group in the world. Founded in 1946, the company has since served North American investors.
The Merrill Edge is an online discount brokerage service provided by Bank of America Merrill Lynch. Launched on June 21, 2010, Merrill Lynch is a part of Bank of America’s retail banking division.
The Charles Schwab is one of the leading providers of U.S. investment services including online investing, shares trading and research capabilities.
Interactive Brokers Group Inc is a true online ECN brokerage, You can trade bonds, stocks, Forex, options and futures in bulk orders with this broker. The broker headquarter is at Greenwich, Connecticut of United States.
TradeKing is a discount online brokerage firm, providing online trading tools for self-directed investors to buy and sell stocks, options, bonds and mutual funds via electronic trading platforms or by phone.
Scottrade is a privately owned American financial firm headquartered in Town and Country, Missouri. Its founder, former President and the current CEO is Rodger O. Riney. Scottrade has 503 branch offices around the U.S.
Capital One Investing
Capital One Investing previously known as Capital One ShareBuilder is a brokerage firm with its headquarters in Seattle, Washington. You can buy stocks, options, mutual funds, Bonds and ETFs as partial shares via the ShareBuilder Investment Plan and PortfolioBuilder.
The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader.
Forex Capital Markets, better known as FXCM, is an online stock broker based in the United States. Outside the US, FXCM also provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil.
OANDA broker is a Canadian-based company, In 1996, OANDA Corporation, the US subsidiary, was incorporated in the state of Delaware.
Other Online StockBrokers
The brokers list below is without Any Rating and its just for your information to know more about other brokers, If you want to open demo or live online trading account then use brokers at top of this page, this list will update.
24option – HotForex – InstaForex – GCI Trading – Fxopen – Trade360 – Interactive Brokers – Tradeo – IQ option – Z.com – TradeKing – OptionsHouse – Capital One Investing – TD Ameritrade – eTrade – Charles Schwab – Fidelity – Merrill Edge – Exness –
How to Choose the Best Stock broker
There are many things to carefully think about when selecting a stockbroker to help invest your money. Some online stockbrokers provide stellar customer service while others are known for inexpensive stock trading or using powerful trading tools.
Before making the critical decision of which stockbroker to work with, the ForexSQ team has compiled the following list for your review of things to consider:
Regulation – All countries in the world do not operate under the same regulatory environment so it is very important to choose a stockbroker or brokerage firm that’s based in a country that monitors the investment markets using a regulatory agency.
Trading Platforms – Look at the diversity of trading platforms offered by various stockbrokers or brokerage firms. You want diversity in your trading strategy and it is very important to make sure the platform used does not freeze or crash often, especially in the midst of instability of global economic news or events.
Customer Support – The importance of customer service cannot be overstated. Before choosing a brokerage firm, make sure it offers customer service in the medium you want to use (i.e., email, online chat, telephone). Also, make sure that customer service is available at the times you might need it and, most importantly, that it is available in your language. Contact the broker‘s customer service and make a determination about the knowledge of its representatives and the quality of their responses to your questions. These two factors are essential to gauging whether or not a brokerage firm’s customer services will respond satisfactorily to your potential future issues.
Leverage Policies and Margin Call — A broker’s margin call and leverage policies have a large impact on your trading strategy to make money.
A broker issues a margin call when the equity in a margin account falls below a certain level, which is calculated by the broker using a formula created by the broker. When a broker issues a margin call the investor is required to deposit additional funds (in the form of money or securities) in order to bring the margin account up to the broker’s minimum maintenance margin.
When margin requirements are not met by the investor’s current equity, some brokers follow the first in first out (FIFO) method to close trading and others use the last in first out (LIFO) method, while others simply close all the trades.
Brokers provide leverage in trading accounts and have varying leverage policies, depending on the broker. A leverage of 1:400 means that you can buy or sell a currency that is 400 times greater than the amount of funds you have in your account at that particular time.
Before choosing a broker, be sure to consider the brokers’ margin call and leverage policies.
Fees or Commissions of Brokers — The three different commission structures used by online stock brokers are the fixed spread, variable spread and commission that is based on a percentage of the spread.
The “spread” is the difference between the buying and selling prices and is usually calculated in “pips,” which measure the amount of fluctuation in the exchange rate for a pair of currencies. Some brokers who charge fixed or variable spreads also charge a small commission.
The United States or United Kingdom have several stock markets in which investors, through their stockbrokers and their brokerage agencies, can trade online and the ForexSQ team can explain the differences.
Dow Jones Industrial Average
“Dow Jones & Company” was founded in 1896 by Charles Dow, Edward T. Jones and Charles Bergstresser and is presently one of the largest financial and business news companies in the world.
These guys also founded the Wall Street Journal, one of the world‘s most influential financial publications. The Dow Jones Industrial Average (DIJA) is one of the most popular indices in the world and includes thirty of the largest companies in the U.S. from a wide range of industries (except transportation and utilities) like General Electric, Microsoft, ExxonMobil and Coca Cola, all leaders in their respective industries.
The editors of the Wall Street Journal decide which stocks comprise the DIJA and it takes an important change in the company for it to be removed from the index. Also, when the editors do decide to review the index, they often replace more than one company at a time.
The DIJA is a price-weighted average of thirty stocks, whereas the S&P 500 is a market value-weighted index of five hundred stocks. The DIJA is the most widely used index, above both NASDAQ Composite Index and the S&P 500.
The acronym “NASDAQ” stands for the “National Association of Securities Dealers Automated Quotations” system and is the first electronic exchange where investors can buy and sell stock.
The Nasdaq Composite Index tracks approximately 4,000 stocks and represents a statistical measure of a portion of the market.
The ForexSQ team can assist you with deciding which broker to choose from those regulated by NASDAQ.
Standard & Poor’s 500 (S&P 500) is comprised of five hundred large companies from a variety of industries which are chosen based on criteria that requires that the company show profits for four consecutive months, as well as its market capitalization, liquidity and other factors. An S&P committee decides which stocks will comprise the S&P 500.
New York Stock Exchange
The New York Stock Exchange (NYSE) is located in New York City and is the largest equities-based exchange in the world based on total market capitalization of its list of securities. The NYSE became a public entity in 2005 when it acquired an electronic trading exchange called Archipelago. In 2007 a merger with the European Exchange resulted in the newly named NYSE Euronext being acquired by Intercontinental Exchange, which made the NYSE massive and created a global presence
London Stock Exchange
Stockbrokers in the United Kingdom have to be approved by the Financial Conduct Authority, which is the financial regulator of the U.K. Prospective stockbrokers in the UK must pass specific exams in order to be properly qualified and there are hundreds of stockbroker firms and individuals from which to choose, many of which are listed above.
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For reviews and comparison the best stock brokers in U.S. and UK, Their team not only comparison and reviews stock brokerages but also Forex Trading, Binary Options, Spread betting and CFD brokers. The ForexSQ team has also compiled articles about how to make money online by Commodities trading, Indices trading, Equity trading. You can visit TopForexBrokers.com for more information about rating and comparison top online brokers in the globe.