Best Online Brokers of 2020

There are myriads of brokers over the internet offering a lot of services for the traders. But which broker to choose for trading? This acts as a hurdle stopping you, making you wander around and becoming indecisive in the end. Choosing the right broker, which fits your needs, is hard. The broker should be chosen based on whether the fee is affordable, available research to help you make wise decisions on time, facilities offered by the trading platforms and account options. Here is a list of 20 best brokers to help you choose the right one for you.
Elen Palmer
January 8, 2020

IQ Option

It's a trading platform with its intuitive and clean interface to help its customers meet most of the trading needs. It offers top platform to invest in Forex, stocks, and ETFs.
IQ option is user-friendly, which makes it easier to use for beginners. Also, it provides a demo account for educating the novice trader of trading skills on a broker platform. It has a wide range of financial assets for trading, which becomes easier for a beginner user.


An FX and CFD broker on the top of the list of all the brokers. It's number one for the spread it offers, speedy execution of orders and excellent customer service it offers with relevant response time within seconds with high reliability.


A broker brimming with confidence for its traders to trade in the global market with the abilities it offers. It has stable and low spreads along with fast execution, which saves a lot of money and time of traders.


A trading platform facilitating its users in the best possible way. Provides Cent account with the ratio of risks being 100 times lower for new traders in the market. Its payment processing is made easy with its support of a wide range of payment systems in the world. Offers maximum leverage of up to 1:3000 and low spread starting from only 1 pip.

IC Markets

A preferred choice of traders because of its provision of Raw Spreads from 0.0 pips, which enables the traders to do their best in trading. It offers the leverage of 1:500. It has an advantage of vast amounts of tradable instruments, e.g. over 232 financial assets.

TD Ameritrade

The broker's best feature is its provision of 0.00 commission to its clients on online stock, ETF and option trades. It has best-in-class platforms to work with. It won the award due to its best services, an extensive branch network and education. Their customers can enjoy a commission-free trading.

Merrill Edge

It has the right products and their solutions for the customers, as it offers investment choices and helps in investing your money in the right place. College students can even save some of their money as savings through Merill Edge. It also offers retirement plans.


It allows its customers to have great experiences with it by offering a $0 commission, so traders can trade their stocks, ETFs etc. with no commission. It helps its clients in providing information for better decisions, help them invest rightly and guide the customers of their current status.


Allows its traders to make more money by providing commission-free investment for them to work hard. This way the clients get more chance in investing.

Ally Invest

Helps the customers in investing by showing them ways of investments and how to invest. It also offers a self-directed trading with a managed portfolio to keep track of your buying and selling history.


One of the largest investment company of the world, having 30 million investors on its platform, changing the ways of investments by the world's investors.

Interactive Brokers

The lowest cost broker, best in managing the integrated investments by the traders. It has access to the global markets. Houses great and advanced technology for premier trading. Account-making is relatively easy.


Offers best deals for its traders with $0 commission and contract fees. It was made specifically for active and ETF traders. Awarded the best online broker 2019, Firstrade has a great advantage of a very high trade execution speed of 0.06 seconds, making it lightning-fast experience for its traders.


A leading social trading platform providing their traders with the confidence to trade, but it uses CFDs, a complex instrument having a high risk of money loss rapidly due to leverages. 75% of retail investor accounts lose their money, while trading CFDs with eToro. To become successful with eToro it is necessary to get a proper understanding of the CFD workings, and whether the capital that can be lost is affordable.

Zacks Investment

An American company responsible for research and investment-related content.

Lightspeed Trading

It offers online stock trading at an advanced level with low-cost stocks and options trading. It helps locate stocks for easier and faster borrowing. It supports and provides assistance to active, professional and sophisticated traders.


It's a leading online stock broker offering low-cost trading. It provides with top stock alerts for the traders. It has over 10,000 symbols available, which makes it the largest short-list. Offers extra buying power to clients with 6:1 leverage.


It's a stock screener assisting in scanning, charting, trading stocks and with other options. It's probably the best charting platform with powerful tools and rich graphics, along with the ease it brings for usage.


Basically, its headquarters in Chicago, Illinois, and the United States. It also has a number of subsidiaries named Optionetics, Inc., OPTIONSXPRESS, INC., Open E Cry LLC etc. Its site is retiring on December 5, 2019.
FXPro is a Forex platform dealing with higher risks CFDs. It is not regulated by ASIC, which makes it unsafe.

A beginner user is most likely to lose money because of no knowledge to deal with CFDs. So, it's a better platform for professionals because their skills and experience will get the result out with slim chances of losing money.
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