Brokerage comparison, the best data-based comparison on the web!

In our first data based brokerage comparison, we choose five very different online brokerage firms.

Many brokers are quite similar in their conditions, regulation and fee structure so we choose the ones which we deemed one of the best in their own category.

Each table has a score describing how well a given brokerage does in that table, therefore, in the end, we will arrive at three separate scores.

Brokerage comparison: Table 1

The first table contains which instruments are offered for trade in the various brokerages.

If a brokerage offers only a few instruments it doesn’t make it is worse than a brokerage which offers them all. In most cases, if only one or two instruments are available it means the brokerage was optimized for those instruments.

On the other hand, if everything is available it means it is a jack of all trades kind of brokerage. Both have their advantages and disadvantages.

The first thing that you have to decide is what do you want to trade and in what timescale.

 IronFXSureTraderPepperstoneLondon Capital GroupInteractive Brokers
ForexYesNoYesYesYes
SharesYesYesNoYesYes
CommoditiesYesNoYesYesYes
FuturesYesNo YesNoYes
IndicesYesNo Yes YesYes
CFD-sYesNo Yes YesYes
OptionsNoYesNoNoYes
Score9/108/108/108/1010/10
WebsiteClick HereClick HereClick HereClick HereClick Here

Brokerage comparison: Table 2

The second table contains the most important variables when choosing an online brokerage firm in descending order of importance.

For example, some do not allow US citizens to trade while others do.

There are small and big differences in each category so make sure that you choose the one which is most suitable for your needs.

 IronFXSureTraderPepperstoneLondon Capital GroupInteractive Brokers
SpecializationFOREX, CFD-s tradingAsset backed US stocks and options tradingForex and CFD tradingForex, CFD-s, Spread Betting tradingInvesting, Wide range of trading
Broker typeECN/STPECNECNECNECN
SpreadFloating or FixedNo SpreadFrom 0.2 PipFrom 1 PipFrom 0.1 Pip
Additional FeesNo$4.95 Min for 1000 SharesNoNoTiered
Execution TimeInstantGood+Routing options50ms, Instantly settledGoodInstant
PlatformsMT4, PMAM, WebTrader 4SureTrader Activeweb, Desktop, MobileMetaTrader 4 and 5, cTrader, WebTrader and moreMetaTrader 4, LCG TraderTrader Workstation, IB TWS, WebTrader
RegulationsCySEC, MiFIDSecurities Commission of The BahamasASIC, FCAFCASEC, CFTC, FCA, SFC of Hong Kong
DepositBank Transfer, Credit/Debit Card, Skrill, Neteller, FasaPay, China Union, DotPay, M.O.T.O.Bank Wire, Credit/Debit Card, ACH, Skrill, NetellerBank Wire, Credit/Debit Card, PayPal, ACH, Skrill, Neteller, China Union, Qiwi, FasapayBank Wire, Credit/Debit Card, SkrillBank Wire, ACH, Check, BPay, Online Bill Payment and more
Min deposit$100$500200 AUD, 100 GBPNo minimum$10.000
Who can investEveryone Except US CitizensEveryone, US Citizens as wellEveryone Except US CitizensEveryone Except US CitizensEveryone, US Citizens as well
Inactivity feeNoYes $50/3monthsNoNoNo, but $10 monthly if active
Score8/108/109/108/1010/10
WebsiteClick HereClick HereClick HereClick HereClick Here

Brokerage comparison: Table 3

The third table shows the less important factors in our brokerage comparison.

They are only supplementary features and even if they are not present, the overall service of the brokerage can still be excellent. You want to put the least amount of weight to these factors when deciding.

 IronFXSureTraderPepperstoneLondon Capital GroupInteractive Brokers
Number of the types of accounts 52431
Market researchYesNoYesYesYes
WebinarsYesNoNoNoYes
Bonus/promotionsYesYes $50 at registrationNoNoNo
Investment fundsYesNoNoNoYes
Demo accountYesYesYesYesYes
VPS HostingYesNoYesNoNo
CompetitionsYesNoNoNoNo
Swap free/Islamic accountsYesNoYesYesNo
ExtrasAutotradeSureTrader DebitCard, 10,000+ Symbols to shortSocial trading, AutotradeBonds and interest rates tradingBonds and ETF-s Trading, Investor Marketplace
Score10/108/108/108/109/10
WebsiteClick HereClick HereClick HereClick HereClick Here

Conclusion

In the end, we can only present you with the raw data in this brokerage comparison.

Since each trader/investor has his or her own circumstance it wouldn’t be wise to recommend a single one.

If you would like to read about the brokerage firms individually you can do so by clicking on the following links:

 

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