Demo Trading

Interactive Brokers Review 2020 | Public Finance International

Interactive Brokers is one of the largest discount brokers in the world. Founded in 1978 with more than 24 offices in different countries and serving more than 700,000 brokerage accounts. Interactive Brokers serves traders in and outside the United States.

This online broker has low trading fees and an ample portfolio of financial instruments. Covering more than 135 different markets and dozens of different exchanges. Interactive Brokers is ta the top of the list for many investors, when it comes to trading platforms.. Traders can also rely on the fact that they are regulated by some of the most highly-regarded regulatory agencies in the world.

Summary: Interactive Brokers is licensed by top-tier regulators, listed on the stock exchange, with a long track record, this broker is considered safe. Interactive Brokers is a good choice for both casual and experienced traders. Their fees are low and offer a great trading environment.

The following are the companies Interactive Brokers currently use to operate and serve its clients around the world:

United States: Interactive Brokers LLC
Canada: Interactive Brokers Canada Inc.
United Kingdom: Interactive Brokers U.K. Limited
Luxembourg: Interactive Brokers Luxembourg SARL
Australia: Interactive Brokers Australia Pty. Ltd.
Hong Kong: Interactive Brokers Hong Kong Limited
India: Interactive Brokers India Pvt. Ltd
Japan: Interactive Brokers Securities Japan Inc.

Platform Overview

Interactive Brokers has a lot to show for and offer for both beginners and experienced traders around the world. This broker stands out as one of the best online brokers out there. It is potentially one of the best brokerage firms for active traders due to the low commissions and trading fees charged by Interactive Brokers. IB is also heavily regulated by multiple top-tier jurisdictions. These include the United States Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority (FCA), and many others.

Why should you read this review?

Screening and choosing the best brokerage firm for you among the large number of brokers out there is not an easy task and it will definitely take valuable time you could be otherwise investing in more profitable and rewarding endeavors.

Since there are so many details you have to go through to get a broad perspective of the benefits and disadvantages of choosing one trading platform over another, we decided to summarize this broker’s key characteristics for you to reduce the amount of time invested in short-listing the best candidates.

You can ultimately use this review along with reviews we have done for other brokers in this site to compare certain key features and characteristics so you can finally choose who you go with.

The following topics will be covered by this review:

Main advantages of trading.
How safe it is to trade.
Opening an account.
Depositing and withdrawing money.
Financial products offered.
User experience and features the trading platform.
Trading fees charged by Interactive Brokers (margin rates, commission fees, mutual fund fees, etc).
Research tools available.
Educational materials available.
Customer service review.

PROS	CONS
Wide variety of products available	Inactivity fee is quite high
Authorized and regulated by top-tier authorities	Account opening is a bit complicated
Great research tools	Trading platform can be complex for in-experienced traders

Account Opening

Opening an account with Interactive Brokers can be completed online and it should only take a few minutes. After registration, you will have to verify your identity. This step should not take longer than 24 hours as long as all the necessary information is provided.

Interactive Brokers offers both individual and joint accounts along with trust, retirement, friends and family managed accounts, and institutional accounts for businesses, hedge funds, and family offices. A money manager account is also available for professional investment managers.

The availability of these accounts varies depending on the country the trader resides in.

There are essentially two types of accounts that traders can apply for:

IBKR Lite: This account is designed for retail investors and it doesn’t require a minimum deposit. However, a minimum balance of $2,000 is required to trade on margin. The IBKR Lite account provides commission-free trades on US-listed stocks and ETFs and fixed pricing for trading options, futures, and mutual funds. No minimum balance is required and no maintenance fees apply either.
IBKR Pro: The pro account is primarily designed for institutional investors, high-net-worth clients, and experienced traders as its pricing is mostly tiered, which means that it varies depending on the volume of each trade. Additionally, they charge a $10 monthly maintenance fee for these accounts, but it charges lower margin rates.

Finally, a demo account with $1,000,000 is also available for traders who want to test their trading platform and services before registering.

The platform gives active traders access to all of the broker’s platforms and tools, even though the data for most instruments is delayed by 10 or 15 minutes.

Deposits

Interactive Brokers does not charge deposit fees. This broker provides more than 20 different base currencies for its accounts. These include the most popular ones – US Dollar, Australian Dollar, Euro – and some exotic ones like the Israeli Shekel, the Russian Ruble, and the Mexican Peso.

The following is a list of the available deposit methods by Interactive Brokers:

ACH deposits
Checks
Online bill payment
IRA rollovers

Bank transfers typically take between 2 and 3 days to be cleared.

Withdrawals

Interactive Brokers does not charge a fee for the first withdrawal of each month. Withdrawal methods are limited to bank transfers as withdrawals cannot be made to debit cards, credit cards, or electronic wallets. Withdrawals typically take 1 to 2 business days to be cleared.

Furthermore, they offer multiple base currencies for its accounts. This could help traders in saving conversion fees when withdrawing money.

Withdrawal Fees

Subsequent withdrawal fees after the first free one – vary depending on the account’s base currency. In general, they can be estimated as $10 per withdrawal. Additionally, check payments for US clients generate an additional $4 fee.

Range of Products Offered

Interactive Brokers offers one of the most extensive portfolios of financial products in the industry. A wide range of products are available for both active traders and buy-and-hold investors. Their platform offers access to 140 different exchanges worldwide. This includes 78 stock markets, 33 options markets, 32 futures markets.

These provide access to the following number of investment products:

Thousands of individual stocks
13,000 exchange-traded funds (ETFs)
105 currency pairs
250 mutual fund providers
More than 62,000 individual bonds
Thousands of options
Dozens of commodity, stock index, and other futures
13 stock index CFDs
7,100 individual stock CFDs
Bitcoin, Ethereum via Bitcoin Index, Bitcoin futures, and ETN products

Additionally, Interactive Brokers offers a robo-advisory service called Interactive Advisors. It provides investment advice for clients depending on their financial goals. For that particular service, there’s a minimum $5,000 investment required and certain fees apply.

Finally, Interactive Brokers is probably one of the few brokers that provides access to a selection of hedge funds. Even though customers must meet certain criteria to be granted access to this type of investment vehicle. The minimum investment typically starts at $200,000 even though some funds may require a minimum investment of $1 million.

Trading Platform

Interactive Brokers offers a wide range of trading interfaces and systems. These include a web-based client’s portal, a desktop version, a mobile trading app, a messaging-based trading system, and advanced API features for sophisticated active traders.

All of these versions are available for IBKR Pro accounts. Only the Client Portal and the mobile trading app – IBKR TWS for Mobile – are available for retail investors with an IBKR Lite account.

Web-based platform

Interactive Brokers web-based trading platform (Client Portal) is a user-friendly cloud-based trading interface. It features a modern design, a user-friendly menu, and an intuitive search function. This reduces the overwhelming feeling caused by overcrowded desktop versions that require significant customization to navigate through them easily.

This Client Portal platform seems to have been conceived for retail traders due to its easy-going processes when it comes to placing trades, browsing through different securities, checking reports, and other daily tasks a trader usually goes through. Additionally, the system can be customized for multiple languages including Dutch, English, Chinese, and Spanish.

Traders can increase the level of security of their account by using two-step authentication, which works by sending a verification code via SMS, even though there’s another more old-fashion alternative that provides a printable plastic code card.

Meanwhile, the web-based platform allows traders to place a wide range of different orders. These include the traditional Market, Stop, Stop-Limit, Limit, and Trailing-Stop orders, along with other less frequently seen in most platforms like Limit-on-Close and Market-on-Close orders. Its trading desk also allows for various time-bound order alternatives like Day, Good-til-Canceled (GTC), Immediate or Cancel, and some others.

Alerts and notifications can be set and they are will appear as push notifications on the screen if the price of an asset reaches a certain level and so on.

The charting tool within the Client Portal looks amazing and comes with a wide range of indicators and drawing tools including traditional and advanced charting patterns.

Additionally, a news feed is displayed right next to the ticker summary and fundamental data on the security can also be pulled as needed.

According to their website, the Client Portal was designed to provide an easy-to-navigate trading interface. This is useful for new clients who would like to see the real-time performance of their portfolios without having to interact with a more complex tool such as the trader workstation TWS.

Desktop Platform

Interactive Brokers desktop trading platform is called the Trader WorkStation (TWS). It features more advanced tools and supports sophisticated strategies and systems like algo trading.

It was primarily designed for experienced investors and traders who want to take advantage of a wider range of securities, along with certain more insightful analytics. These trading tools come handy once a portfolio reaches a certain level of complexity.

This platform basically incorporates anything a trader would need, from the most basic to the most advanced strategy and investment approach. This makes the Trader WorkStation interface not that user-friendly and possibly much more complex to navigate, especially for inexperienced traders.

Traders who already have some experience working with complex trading systems will find this platform interesting. There’s significant room for customization, which would ease the difficulty of navigating through its various layers.

As for its security features, it provides the same alternatives as the web-based platform, which is a two-step login that requires an SMS code to grant the user access.

Meanwhile, there are much more complex order types in the desktop version compared to the Client Portal. Such as: mid-price orders, snap-to-midpoint, snap-to-primary, IBALGO, Hedge, relative, and snap market orders.

Meanwhile, there are much more complex order types in the desktop version compared to the Client Portal including mid-price orders, snap-to-midpoint, snap-to-primary, IBALGO, Hedge, relative, and snap market orders.

Time-bound trade order alternatives are great as well.

Mobile Trading App

The mobile version of the Trader WorkStation trading platform features a modern and user-friendly design for traders on the go. It is more similar to the web-based version than the desktop version.

This app is available for both Android and iOS devices and comes with the same security features that the other two versions offer.

The search function is very easy to use and it is pleasantly structured as it allows the trader to browse through different asset classes listed under the same ticker or containing the same letters.

Additionally, research materials are available in the mobile app as well including analysts’ recommendations, fundamental data, news, and an economic calendar.

The type of orders available in the mobile app are the same as in the web-based version.

iBot Function

Interactive Brokers has introduced an innovative chatbot feature called iBot. It allows traders to place orders and get information easily by texting or saying certain commands.

The function is very advanced in terms of the number of commands that you can use. Such as displaying a chart for a given security or snatching some key fundamental data for a stock.

The iBot feature can be used from within the TWS mobile app, from a mobile phone via SMS, from the FB Messenger app, from Amazon’s Alexa system, or from within the Desktop TWS platform.

Advanced APIs

Interactive Brokers has designed various APIs for institutional and sophisticated traders that allow them to access their database and systems by using a shared programming language such as Python, C++and .Net.

Trading Fees

Trading fees are low in general. They don’t charge a brokerage fee or charge only a small amount.

There are essentially three important expenses that must be analyzed to understand how much it costs to trade with Interactive Brokers. These are its trading fees and commissions, the applicable margin and interest rates, and other non-trading fees. For trading fees, I’ll break down the cost of trading various different asset classes for the different plans offered by this broker.

Broker	Interactive Brokers
Minimum Deposit	$0
ETFs Fees	$0.005
US Stock Trading Fee	min. $1 or max. 1% of trade value (Free for US IBKR Lite Plan)
UK Stock Trading Fee	6£ + 0,05% for trades above £50,000, fixed 6£ for trades below £50,000
German Stock	0,1% of trade value (min. €4 – max. €99)
Forex Fees	Low
Mutual Funds	$14.95
Options	$0.65 up to $2.22 per contract
Futures Fees	$0.25 up to $2.22 per contract
CFD Fees	$0.005 ($1 min.) up to $3.92 per order
Bonds	$2.35 up to $5 (IBKR Lite – free for US treasury bond)

Stocks, ETFs, and Warrants

IBKR Lite clients enjoy commission free US-listed stocks and ETFs trades, while IBKR Pro accounts have a fixed or tiered rate to trade both US-listed and non-US-listed shares.

For both accounts, non-US shares can be traded at a fixed commission that starts at 0.1% of the trade value with a minimum that varies from one stock exchange to the other.

Also, certain maximum limits to fees apply when the trade value exceeds a certain threshold.

As for the tiered plan – applicable to IBKR Pro accounts – the cost per trade is reduced progressively after a certain minimum monthly volume has been exceeded.

Options

Options have a fixed pricing scheme for both accounts with US-listed options trading at $0.65 per contract with a $1 minimum per order, while certain surcharges apply to some specific instruments.

Options can also be traded for many other instruments overseas and for European exchanges the trading fee is a bit higher – starting at EUR 1.5 per contract – with minimums that range from EUR 1.5 to EUR 3 per trade.

Tiered plans offer a significantly lower rate per contract for trade volumes higher than 10,000 contracts per month.

Futures

US-listed futures and future options can be traded for as little as $0.85 per contract, while e-mini FX futures can be traded for $0.50 per contract.
Trading costs go lower for trading volumes that exceed 1,000 contracts per month.

Spot Currency Pairs

Spot currencies generate a 0.20 basis points times the trade value for volumes lower than $1 billion per month with a minimum of $2 per order. Higher volumes enjoy a tiered pricing scheme that can go as low as 0.08 basis points for volumes that exceed $5 billion each month.

Fixed Income Securities

US-listed fixed income securities such as US Treasury bills and corporate bonds generate a commission fee starting a 0.1% of the bond’s face value with a minimum of $1 per order and a maximum of $250 or 1% of the trade value, whichever lower.

Bonds from other latitudes generate a similar commission fee of 0.1% for European bonds and 0.08% of the trade value for Hong Kong government bonds.

Precious Metals

Gold and silver can be traded by using IB’s trading platform. Commission fees start at 0.15 basis point times the trade value with a minimum of $2 per order. Storage costs are calculated as 0.10% of the value of the metals per year.

Mutual Funds

Interactive Brokers offers a wide variety of commission-free mutual funds. These include Blackrock and Allianzs funds, while others are offered at a fixed low commission of $4.95 per trade.

Margin Rates & Interest Rates

IB charges a different rate for IBKR Lite and IBKR Pro accounts for their margin trades.

This rate starts at 1.59% for IBKR Pro clients for margin amounts lower than $100,000 while a higher 2.59% rate applies to IBKR Lite clients.

The rate varies per currency and can be modified at any moment.

Meanwhile, due to the low-interest-rate environment we are currently in, cash held on IB accounts is not generating any interest on behalf of depositors regardless of the balance of their account.

Non-Trading Fees

Inactivity fees charged by Interactive Brokers are higher than the industry average. Traders have to pay $20 per month if their balance goes under $2,000 or if the account does not generate more than $20 in commissions during the month.

Research Tools

Interactive Brokers offers an extensive selection of top-of-the-line research tools that make this broker probably the envy of many other players in the industry.

Starting with charting tools, the trader workstation provides more than 120 different technical indicators for traders who love charts and use them to spot trading signals.

However, charts are just one of the ways to get a trading idea from IB’s trading platform, as there are many other features such as Validea and The Leading Edge, which are two real-time in-depth analytics tools that provide useful insights to traders.

Meanwhile, fundamental data from companies can also be found in the platform including financial statements, dividend calendars, and peer group analysis tools.

The news feed embedded within the platform is powered by Thomson Reuters, Morningstar, and Dow Jones, and it is entirely free, while other tools include a probability estimator tool for options, a mutual fund and ETF replicator, VaR analysis, Sharpe calculators, and many other similar cool features.

Furthermore, there’s an economic calendar covering worldwide events, daily market summaries, and many other similar tools that you can look at if you ever feel your mind goes dry on new trading ideas.

Some of the features come at an extra fee – you’ll have to decide if they are worth paying for – while others are only available for IKBR Pro clients.

Educational Tools

Perhaps one of the most interesting educational tools provided by Interactive Brokers is the Traders Academy program that they offer to clients.

This program features 48 different courses that go from the most basic topics of investing – including platform basics – to explaining how certain complex products like leveraged and inverse ETFs work.

This is possibly one of the best and most complete programs traders can find within an online brokerage platform and it is available for anyone who has registered with IB, regardless of the account they have chosen.

Additionally, IB regularly organizes webinars and other similar events to update traders about the market’s situation from the perspective of experienced and qualified financial professionals within the Interactive Brokers’ team.

Customer Service

Interactive Brokers offers its clients many different channels through which they can reach out in case they find an issue within the platform or their account.

A customer service representative can be contacted via live chat from within the platform, while phone and e-mail channels are also available in various languages, with most regions offering at least one toll-free number.

In general, traders have reviewed IB’s customer service positively, even though they have pointed to the fact that they do not offer 24/7 availability, which is a problem for traders who tend to operate outside regular business hours.

Conclusion

Interactive Brokers is a publicly-traded brokerage firm founded in 1978 and headquartered in the United States. This broker holds nearly 700,000 brokerage accounts and it is heavily regulated by multiple top-tier financial agencies like the SEC (US), the FCA (UK), and the ASIC (Australia). They offer an extensive portfolio of securities covering more than 135 markets around the world. Interactive Brokers also offers a demo account with $1,000,000 that traders can use to test the platforms before depositing money. Trading fees charged are on the low end of the industry including zero-commission trades for US-listed stocks and ETFs. Educational tools include a Traders’ Academy, which is a program that covers an extensive number of basic and complex financial topics for traders to improve their skills. The quality of the customer service provided by Interactive Brokers is good and customer service representatives can be reached via live chat, e-mail, and phone.

Our Rating: 4.8/5

Interactive Brokers is licensed by top-tier regulators, offers a wide range of products. It is listed on the stock exchange, with a long track record. Interactive Brokers is a good choice experienced traders and casual traders. Their fees are low and offer a great trading environment.

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Broker Reviews

Exallt Review – Demo Account – top 75 Broker ?

Table of Contents

Introduction to Exallt Review

Let us start from the beginning. People should remember that Exallt offers many investment tools in the capital markets. Creating a portfolio with cryptocurrencies, stocks, commodities, ETFs, and more is possible.

It is a new brokerage that has just opened its door. That said, Exallt Live can offer exemplary services and products.

To get more details, proceed with Exallt review. The next sections will provide a detailed professional analysis of the broker and its offerings.

Broker Name:	Exallt
Broker Type:	CFD broker
Operating since year:	2023
Regulation:	Only KYC/AML
Broker status:	Independent Broker
Customer Service
Phone:	+44 2086382873
Email:	[email protected]
Languages:	English, Spanish
Availability:	phone, email, Social Media
Trading
Trading platforms:	Desktop, Mobile and Webtrader
The Trading platform Time zone:
Demo account:	Yes
Mobile trading:	yes
Web-based trading:	yes
Bonuses:	yes
Other trading instruments:	Forex, CFD, crypto, commodities, indices, stocks
Account
Minimum deposit ($):	$5000
Maximal leverage:	1:400

Exallt Trading Products and Interesting Details

Commodities

Explore top commodities, trade what you want, when you want.

Explore trending commodities such as gold, silver, oil, and others, use innovative tools and make informed trading decisions at Exallt. Benefit from advanced charting and analysis as well as ultra-fast transaction processing. Exallt delivers a trading environment that helps investors to grow.

Interestingly, it is possible to trade different types of commodities. For example, oil and natural gas. Moreover, precious metals such as gold and silver.

Forex

Forex trading is made simple by Exallt.

Forex is the most traded market in the world. It is a decentralised global market for the trading of currencies. The most popular FX pairs involve major international currencies and experience the highest trading volumes and liquidity. This market determines foreign exchange rates for every currency.

Indices

Expand your trading opportunities. Trade the most popular indices at Exallt!

Indices are another in-demand trading asset. An index measures the performance of a group of stocks, bonds, or other assets. By trading indices, you can gain exposure to a wide range of assets without buying them individually. Most index trading is done with financial derivatives like CFDs. This makes it an ideal way to diversify your portfolio and manage risk.

Stocks

Trade stocks at Exallt.

Exallt is about making stock trading easier. Get real-time access to stocks from top exchanges of the world. Diversify your portfolio with a large variety of leading global stocks. Stock trading ensures two ways of earnings: through capital appreciation or dividend payments. This market features the potential for the highest returns.

Cryptocurrencies

Exalt – the easiest and the most secure way to trade cryptocurrencies.

If you can time the market right, trading cryptocurrencies gives you much higher returns than traditional investments. It minimizes risk as you speculate on the rise and fall of the market without owning the asset. Being decentralised, cryptocurrencies allow for more freedom in trading, as there are no restrictions on how much can be traded or how often.

range of markets

Exallt and its Trading Platform

It is hard not to mention its platform. Hopefully, it is quite easy to use the platform.

As a reminder, trading is simple. The first step is to select an asset. All users have to do is click on the “asset” tab on the platform. They need to choose a preferred asset from the extensive tradable asset selection offered by the firm.

The next step is deciding on the amount a trader wants to invest in any trade. Unsurprisingly, the higher the investment, the higher the potential rewards.

Moreover, deciding whether to go short or long on their preferred asset is important. Advanced charts, graphical trading tools, technical indicators, and live analysis help to make an informed decision on probable future price movements.

It is important to remember about risk factors. When a trade position opens, customers should protect their positions from market risks. Customers should use Stop Loss and Take Profit orders. Thanks to Stop Loss orders, it is possible to reduce potential losses. Moreover, Take Profit orders allows users to lock in their profits.

Users should remember that Stop Loss and Take Profit orders will automatically close their positions when triggered.

Exallt trading platform for all devices

Exallt and Education

Hopefully, Exallt Live offers interesting information. It is desirable to read every chapter of the guide. Moreover, people will find this guide brimming with information for their financial education. Furthermore, Exallt ’s goal is to educate investors and bring transparent investing to anyone who wants it, not just the elite.

Security Of Funds

RISK MANAGEMENT

Exallt continually detects, assesses, monitors, and controls each risk associated with platform users’ trading transactions, operations, and actions. This means that they continuously evaluate the effectiveness and compliance of the policies, approaches, and procedures. Such a system approach allows Exallt to cover its financial needs and capital requirements quickly.

SEGREGATED ACCOUNTS

Exallt is incredibly proud of ensuring the ultimate protection of clients’ funds. They apply a model that keeps our clients’ funds separate from the company funds. In the unlikely event that Exallt would ever enter liquidation, the clients’ funds are wholly segregated off the balance sheet and cannot be used to cover the company’s debts and pay back creditors.

REACHING THE TOP EU BANKING INSTITUTIONS

Exallt attentively chooses the financial services to partner with. Exalt needs additional facilities to support and conduct transactions. They partnered with payment service providers to work with numerous banks worldwide, including central tier-one banks such as Barclays, HSBC & Deutsche Bank. Rest assured, the security of Clients’ funds, alongside Execution and Customer support, forms the essential focus of Exallt’s activity.

Exallt Review: Conclusion

As can be seen from the review of Exallt , it makes sense to cooperate with this firm. . Moreover, its website provides many interesting details, and it is desirable to have a look through their website to see how well Exallt suits you.

We strongly hope that this Exallt review will give you accurate information about the broker enabling you to make the right decision of choosing this broker.

Broker Reviews

Trading 212 review

Trading 212 Trading 212 deals View Similar Amazon US Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, and stocks, etc.

Trading 212 got the license to operate in the UK in 2013 and is approved by the FCA (Financial Conduct Authority of England and Wales). It has a freemium model offering the basic services without any charge hoping that the users opt for other paid services or transact on the CFD area of the platform.

As a user, you can use their web-based trading suite or download the application on your computer. There is even a mobile app available for both iOS and Android phones, in case you want to transact on the go.

Table of Contents

What to expect

Trading 212 offers an easy DIY platform and allows over 1,800 instruments to trade, offering enough options to traders to decide where and how they want to invest their money. These instruments include major cryptocurrencies like Bitcoin, Ripple, LiteCoin, Ethereum, Monero, EOS, Dash, Neo and more. Traditional assets like stocks, commodities and indices can also be traded on the platform. The diverse list of assets and choices available to trade on the platform should be attractive to many users.

Trading 212 2 — (Image credit: Trading 212)

For first-timers, Trading 212 offers a demo account which lets you try out the platform and perform test transactions without registration. This demo account gives you a real-time experience of how the platform works on your computer and mobile applications. In case you decide to sign up, you do need to provide some official documents to verify your identity and address. These documents include:

ID Proof: a scanned color copy of passport, driving license or national ID
Address Proof: a utility bill or bank statement from the past three months carrying your address

These are simply standard requirements as part of anti-money laundering legislation.

Trading 212 3 — (Image credit: Trading 212)

There is a set of questions which you need to answer for the company to understand your experience level as a trader. Trading 212 might reject your application on sign up, if the firm feels that it might be too risky for you to transact on such a platform. The entire signup process may take a good 10-15 minutes, so keep that much time handy.

Trading 212 offers you three different types of account: Trading 212 Invest, Trading 212 CFD and Trading 212 ISA.

Trading 212 Invest is best suited for traders who like to invest and trade in equities. However, the platform does not allow short-selling of equities, so in case you’re only interested in this type of trading then Trading 212 is not the right platform for you. Trading 212 ISA is only for UK-based traders who want to benefit from tax-free trading up to a certain amount, while Trading 212 CFD is open for all international traders.

In terms of deposit and withdrawal options, Trading 212 offers multiple choices like bank transfers, credit and debit card payments, Skrill, PayPal, Dotpay, Giropay, and Direct eBanking. Note that it only accepts payments in currencies like GBP, EUR and USD.

Trading 212 4 — (Image credit: Trading 212)

The web platform is very easy to use and it offers an organized layout. On the extreme left, you have the instruments you follow by adding them to your watch-list. All your pending orders or previous purchases show right next to the watch-list. In case you want to modify your transaction after looking at the live trends, this can be done here as well.

The center part of the screen displays a detailed graph of any instrument that you want to follow. Useful tips and videos can be found on the bar on the right side. Various reports can be found grouped right under the login section.

Mobile app

The Trading 212 mobile application is also fairly easy to use and shows information in an easy to understand graphical format. Simple swipe gestures help you switch between different sections and instruments. You can set price alerts, access forum, reports, or training videos right from the menu. There is a demo account available for the mobile app too that allows you to transact in all the instruments.

Charges

Trading 212 is one of the few platforms that does not charge you for transactions and is transparent about the costs applicable with paid-for services. While withdrawing funds, there is a fee applicable on the wire transfers. Third-party transfer fees may also be levied, if applicable. The platform wants you to remain active and charges you for inactivity, if inactive for over 180 days consecutively.

Support

Customer support is one of the most important features of any trading platform. Support is available by calling in, email or even through the contact page on the site. The website also has a live chat option in case you want to chat with a representative.

Trading 212 offers support in a wide range of languages including English, German, Dutch, Spanish, French, Italian, Polish, Serbian, Norwegian, Swedish, Czech, Russian, Romanian, Turkish, Arabic, and Chinese.

Regulations and credibility

Trading 212 is a trusted broker registered in England and Wales, and is authorized by the Financial Conduct Authority (FCA). It is also registered in Bulgaria and is regulated by the local Financial Supervision Commission.

The company keeps the clients’ funds separate from the company funds and are protected under the Financial Services Compensation Scheme (FSCS) which offers a security of up to £85,000. In Bulgaria, 90% of deposits with a limit of €20,000 are secured by the Investors Compensation Fund or ICF Bulgaria.

Trading 212 allows users from across the globe to sign up, though regulations prohibit sign up from regions like American Samoa, Belgium, Democratic People’s Republic of Korea (DPRK), Guam, Northern Cyprus, Northern Mariana Islands, Puerto Rico, Turkey, United States of America, and United States Virgin Islands.

Final verdict

Trading 212 is a very user-friendly trading platform, especially for beginners. The fact that you can try out the platform both on mobile and web before taking the plunge is a big advantage. Limitations like no short-selling may be a turn off for traders. However, the fact that Trading 212 offers over 1,800 assets and is very transparent about charges makes it one of the easiest recommendations for us.

Broker Reviews

Sollari Review – top 75 Broker ?

Table of Contents

Sollari Review

Sollari is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.

This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.

Initially formulated in 2023 to provide a robust forex trading platform, Sollari offering to include CFDs, indices, shares, commodities, and cryptocurrencies.

Sollari has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform, has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.

Please read my full Sollari review for further details of this forex broker so you can decide whether Sollari can meet your needs.

Who is Sollari?

Sollari is a global forex, spread betting, and CFD online broker. Sollari is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.

They are headquartered in Kingstown, St Vincent and the Grenadines. with offices in Milan, Nassau, Sofia, and Luxembourg and are authorized and

Sollari product range overview

The product range at Sollari is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally they do offer leverage trading on the main cryptocurrencies.

Sollari Range of Market

Forex trading

More than 50 Forex pairs are available at Sollari with no commission and some of the tightest spreads in the industry.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and low spread , representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.

Commodities Trading

At Sollari, there are several commodity CFDs, including metals and energies.

Share CFDs Trading

Trade more than 100 company shares without ever owning the underlying security. At Sollari, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.

Sollari Accounts

There are five trading account options at Sollari. Of note are the Professional Trading Account and the Islamic Trading Account. There is also a free demo account from where to practice your trading.

Free Demo Account
You can select from the free demo account which platform you would like to practice trading on their trading platform. You will immediately receive $100,000 of virtual funds, which can be used to familiarise yourself with the financial markets and forex and CFD trading.

Islamic Account
This is a Shariah-compliant Islamic account which includes many features that are in keeping with Sharia law.

See here the overview of all the accounts.

	BASIC ACCOUNT	STANDARD ACCOUNT	GOLD ACCOUNT	PRO ACCOUNT	VIP ACCOUNT
MINIMUM DEPOSIT	$5,000	$10,000	$25,000	$100,000	$250,000+
ORDER EXECUTION	Instant	Instant	Instant	Instant	Instant
ACCOUNT CURRENCY	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP
ACCOUNT MANAGER	yes	yes	yes	yes	yes
SPREAD, PIPS	Fixed	Fixed	Fixed & Floating, Variable	Fixed & Floating, Variable	Fixed & Floating, Variable
QUOTATION (NUMBER OF MARKS AFTER POINT)	5 marks	5 marks	5 marks	5 marks	5 marks
LEVERAGE	100	100	200	500	500
MAX. TRADE SIZE	10 lots	20 lots	40 lots	50 lots	100 lots
REQUOTES	None	None	None	None	None
MARGIN CALL LEVEL	40%	40%	40%	40%	40%
STOP OUT LEVEL	30%	30%	30%	30%	30%
TRADING PLATFORM	all devices	all devices	all devices	all devices	all devices
CUSTOMER SUPPORT	24/5 support	24/5 support	24/5 support	24/5 support	24/7 support

Sollari Trading Platform

Sollari provides a web, desktop, and mobile trading platform on their trading platform, which is provided by the High-tech software provider “easytech”.

This trading platform has an excellent reputation among traders.

Sollari Trading Platform

web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.

There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.

There are also the following useful features available on the trading platform:

Trailing stop

Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.

Hedging

This allows you to mitigate risks by investing in the same product in a different direction.

Charts

Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.

Sollari mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality.

The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.

Sollari desktop trading platform

Use the desktop platform. This platform is designed with professional traders in mind, leaving the webtrader as an alternative for beginners and intermediate traders.

There is excellent customizability, some good search functions, and a choice of several languages.

There are several tools and technical indicators designed to enhance your trading activity.

Sollari customer service review

Customer service is excellent at Sollari, with immediate response times across multiple channels.

There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.

Sollari is opening an account.

The account opening process is straightforward, fully digital and quick. You will need your ID.

To open your account, you should first decide on the account type you wish to open

Then you can follow these quick and easy steps:

Select your country of residence
Add personal information, including name and email address
Choose a password
Enter your home address and tax residency
Complete some simple questions relating to your trading experience
Fill in information pertaining to your personal finances, such as income and savings and employment status
Select your base currency
Upload your ID documentation and proof of address, such as a utility bill or bank statement.

Sollari Deposit and Withdrawal

Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.

Before making your first deposit, you will need to choose between the following base currencies:

EUR, USD, GBP

Deposit options include:

Bank transfer
Credit and debit card
Cryptocurrency

The minimum deposit is $5000, which is high compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.

Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards.

Sollari safety

Sollari is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.

In addition, all client funds are held in segregated bank accounts to protect those funds should Sollari go bust.

The Sollari negative balance protection protects client funds should their balance go negative.

Sollari fees

Sollari has low CFD and forex fees and average non-trading fees.

Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.

Spreads differ between the bid and ask price for a foreign currency price. Here’s how Sollari spreads compare against some other forex brokers:

Non-trading fees

Sollari has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.

Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.

Who is Sollari suitable for?

Sollari is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.

The selection of account types is aimed at both retail and professional investors.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.