We present you the definitive list with the best online broker available on the net. It has been done by our experts after analyzing dozens of online brokers to find the ones you can see on our website.
In addition, on this page we will explain both the operation of online brokers and the selection process that we carry out when evaluating them.
Simple: an intermediary between buyers and sellers of financial instruments. Your main task is to find a buyer if your customer gives the order to sell, or a seller if the customer wants to buy. And to achieve, obviously, the most advantageous conditions for your client in all cases.
There are a series of requirements to practice as a broker, and they have to do with the regulations in force in the country in which they practice. Normally, they are required to have an active license with the organizations that ensure the safety of the sector. Ergo, the regulators.
In Spain, for example, the National Securities Market Commission (CNMV), in the United Kingdom the Financial Conduct Authority (FCA), in Cyprus the Cyprus Securities and Exchange Commission (CySEC) or in Australia the Australian Securities and Investments Commission (ASIC ).
New technologies, how could it be otherwise, have changed the way and investment options. In other words, they have democratized the investment sector. Online brokers have played a basic role in the articulation of this change . It is no longer necessary to go to a large bank or financial institution to invest, but anyone can do it with the intermediation of a broker. All you have to do is have a device and an Internet connection.
This is good and bad, since it brings people with minimal knowledge to the market (and operate in it) and, if they do not give themselves a prior time of preparation, learning and research, they run the risk of failing. Therefore, it is important to surround yourself with the best, and the online brokers recommended in OkBrokers are.
Through these brokers you can operate with a multitude of financial instruments : stocks, stock indices, currencies, raw materials, precious metals, energy …
With the democratization and modernization of the sector, new terms also arrived (although some may already seem old to us), which can lead to confusion for those less knowledgeable in the matter.
For example, a broker is not the same as a dealer. The first (we have already said) acts as an intermediary and executes operations ordered by third parties. The dealer, however, buys and sells financial instruments on his own account, sometimes he does so for third parties, but without following their orders.
There is a wide range of financial products in which to invest with an online broker. Some of the most used are:
Whatever type of investment you choose, you should know that zero risk does not exist. Furthermore, derivatives such as CFDs are complex instruments not recommended for private investors who do not have the necessary knowledge.
| Broker | Founded in | License | Instruments | Platforms |
|---|---|---|---|---|
| XTB | 2002 | CNMV, FCA | Stocks, Commodities, Currencies, Cryptos, CFDs, Indices | xStation 5 |
| Avatrade | 2006 | CBI, BVI FSC, FSP, FSA, FFAJ | Stocks, Commodities, Currencies, Cryptos, CFDs, Indices, Futures | Metatrader, AvatradeGO, Webtrader |
| eToro | 2007 | CySEC, FCA, ASIC | Stocks, Commodities, Currencies, Cryptos, CFDs, Indices | Copytrader |
| Bdswiss | 2007 | CySEC, CNMV | Stocks, Currencies, Cryptos, CFDs, Indices | Metatrader, BDSwiss Webtrader |
| Plus500 | 2008 | CySEC, ASIC | Stocks, Commodities, Currencies, Cryptos, CFDs, Indices | Plus500 Webtrader |
On our website you can find detailed information about investing in any of these financial products, as well as lists of the best brokers for each of them (according to our team of editors).
As we have already said, brokers are agents that act as intermediaries between sellers and buyers of financial assets and those who execute the operations that are carried out in the market following the procedures established for it. For this service they charge a series of commissions in addition to also acting as advisers.
However, in recent years the figure of online brokers has expanded, companies whose services are provided through the network. Its function is similar to that of a traditional broker and its business is also based on the collection of commissions. Generally, traditional brokers operate with stocks while online brokers offer a broader catalog of assets such as commodities , stock indices , CFDs , stocks , currencies , or cryptocurrencies .
The rise of online brokers has allowed financial activity to become enormously popular. The investment in the stock market of yesteryear was reserved for those who had large capitals while when operating with online brokers it is not necessary to have a large amount of initial money.
One aspect to take into account is the reliability of each broker . And is that as in any online business, in trading it is also possible to find scammers. For this reason, it is essential to ensure that the trading website that we are going to use is reliable. In OkBrokers you will only find brokers regulated by prestigious international organizations since our mission is to ensure that our users can invest safely.
If what you are looking for is an online broker that adapts to the needs of traders residing in Spain, here is a summary of how to choose an online broker for Spain.
If you want more information on this topic, we recommend reading our guide on brokers regulated by the CNMV .
Anyone who has tried trading will know how difficult it is to navigate the sea of available options when it comes to finding the best online broker . To the large number of online brokers to invest, we must add the fact that each of them has its own characteristics, which entails a greater difficulty.
All of this will get a lot more uphill for the inexperienced: beginner traders who probably don't have the experience to know how to choose an online broker that best suits their needs.
Our team of trading experts can attest to how difficult it is sometimes to glimpse the often subtle details that can ensure that what we have before our eyes is not another of the unfortunately common trading scams .
For this reason, we recommend being advised by the opinion of those who have been making trading their profession, hobby or specialty for years. Our experts have analyzed literally hundreds of brokers of all kinds and these are some of the things they pay attention to when looking for the best online brokers for our users:
This is just a small sample of the aspects that we take into account when making the list of best online brokers that you can consult on this page and that we update regularly.
On our page we explain the correct way to assess whether a broker is good or not based on a series of parameters such as regulation, security, offer of instruments, etc.
You can also make use of our browser, a tool with which you can choose a perfect online broker for you in just a few seconds.
When trading with online brokers you will have to pay expenses and commissions that may vary depending on the broker you have chosen.
Luckily many brokers do not charge commissions such as maintenance or opening commissions and you will only have to deal with spreads when operating online.
On our page you can find complete analyzes of regulated brokers . Thanks to our lists of online brokers you can find safe brokers that have licenses issued by international organizations.
Don't risk trading on unreliable websites. Your capital will be at risk.
Our recommendation is that you review the costs, commissions and spreads of each broker before choosing, since too high costs can result in losses when operating online.
As in everything, cheap is sometimes expensive. For this reason, we recommend you consult our list of online brokers where you will find information on spreads, commissions and much more.
Currency pairs, stocks, commodities, cryptocurrencies … The list of financial instruments that can be traded online is long. Some brokers are specialized and others have a wide range of assets.
On our website you can see the financial instruments offered by each of the online brokers that we review, which will allow you to find one that has the ones that interest you the most.