Our expert reviews are designed to give our readers some insight into providers and platforms they may decide to use for investing, trading and sending money abroad. We thoroughly test all accounts with real money, interview the CEOs, talk to key members of staff and look at the elements of an account that are most important to investors and traders include how much it costs, what products and services are offered, and also if they are any good.
For years people have been trying to make investing interesting, but it’s not, it’s dull. Trading is fun, it’s high-risk, fast and dangerous, just like sprinting really fast, especially when you hit 40. But just like how you’ll probably injure yourself running too fast, with trading, you’ll probably lose money. Investing used to be like
The thing about investing, is that it needs to be done as early as possible, and never has there been a time when the young are so interested in the stock markets. That can probably be attributed to the stellar growth of big brand FAANG stocks, Tesla tweets, Meme stocks like Gamestop, and the boom
One of the most commonly asked questions about new banks and fintech is if they are a safe place to keep your money. The answer is generally, yes, if they are regulated by the FCA as funds are protected by the FSCS up to £85,000. But, Revolut, is regulated as an e-money institution and not
I’ve always liked City Index, it’s been a stalwart of the London CFD broker scene. It was founded by Chris Hales and Jonathan Sparke in 1983 as a way for institutions to hedge their exposure through spread betting and CFDs. But soon became popular with more retail traders. Always advertising on billboards in the City,
Before we kick off this review I must disclose a bit of an interest. I’m a big fan of IG, in my mind, they are the default broker. When we review brokers, we tend to ask the question “why would you trade here rather than at IG?” Founded in 1974 IG are one of the
I remember way back in the Deal4Free days, sitting in CMC’s reception eager to pick up a CD-Rom of the Market Maker trading platform so I could trade PA when I was a stockbroker at Phillip Securities in the opposite building on Mansell Street. I used to flit between IG and CMC Markets, back then
There is one thing that IBKR gives you above all other brokers, and that is control. You can invest and trade in pretty much anything you want, in pretty much any account type, pretty much how you want. Interactive Brokers is a major US online automated electronic broker company. The financial broker is listed on
It’s a bit of a shame writing this review because by the time you read it ETX Capital may well no longer exist as we know it. ETX Capital can trace it’s roots back to 1965 when it was incorporated Monecor as a member of the London Stock Exchange. In 2002 it enabled trading for
If you are not familiar with Pepperstone they were founded in 2010 in Australia and have since then grown to be a global brokerage with international offices and around 110,000 active clients. They offer Spread betting and CFDs on the major market instruments, which means they focus on the most heavily traded assets, mainly forex
Markets.com has always been a bit of a tricky platform to review because for years I’ve never thought there has been anything interesting about them. Markets.com is the B2C division of Finalto which itself is a subsidiary of FTSE 250 listed Playtech. Markets.com offers margin trading through the provision of CFD trading and Spread Betting
Spreadex is a financial sports spread betting business that has been in operation since 1999. It was founded by ex-city trader Jonathan Hufford and unlike many of its peers, it is not based in London, but instead is headquartered in St Albans Hertfordshire. Spreadex offers both financial spread betting and CFD trading from the same
FXTM is an online forex broker and CFD trading platform founded in 2011. FXTM has over 2 million registered users trading, which can trade 200 financial markets, (including 61 forex pairs) via the MT4 (Metatrader 4) of the FXTM mobile trading app. That’s about it.
Saxo Markets is an award-winning investment and trading platform. Founded in 1992 by Kim Fournais and Lars Seier Christensen, the institution has expanded rapidly over the past decade. The company is headquartered in Copenhagen. International Investing Many wonderful stocks are listed in countries outside the UK. For investors wishing to diversify their portfolios, international investing should be
I should say that I have massive respect for Plus500 from a marketing point of view. They obviously looked at the online trading industry and thought to themselves, “this is ripe for disruption” and to be fair they did disrupt the CFD trading (not the financial spread betting) industry. Before Plus500 came along, most CFD
In the past, I’ve been very rude about eToro, I didn’t like the way they’d gamified trading and along with Plus 500, they almost made it too easy for inexperienced traders to play the markets. But are times changing? A while ago, we published an interview with the founder of eToro Yoni Assai, about whether
When we do CFD broker reviews, we try and talk to the people at the brokerages themselves. Rather than just make it up. The Good Money Guide is all about providing a balanced opinion on brokers. In particular what makes them stand out. So, as we are based in London, XTB, has always been on
I’ve spoken to the founder of Hargreaves Lansdown, Peter Hargreaves a few times. First when I interviewed him over the phone and then a few follow-ups after that via email. I have to say that he’s to the point, detailed, charismatic and clearly has a huge amount of passion for the business. Of course, Peter
Interactive Investor or II as its known is one of the UK’s largest self-determined investor platforms. II can trace its roots back to1995 and the startup floated on the London stock exchange back in the year 2000 before being bought by the Australian business Ample in 2002. Todays Interactive Investor is a privately held company
OFX is a leading currency broker offering currency services to more than 55 countries around the world. Originally known as OzForex, it was launched by Matthew Gilmour in 1998 as an information only website. Since then, it has grown rapidly handling more than AUD$150bn transfers with more than a million customers worldwide. OFX Expert Review
Capital.com are one of the newest trading platforms to offer CFDs, FX and Spread Betting. Capital.com has around 11,000 active clients and offers 3,700 tradable markets. For more information on why Capital.com was set up read our interview with Ivan Gowan, former Capital.com CEO on what makes artificial intelligence core to user experience.
Global Reach is a currency broker that manages money transfers and currency exchange for corporate and business clients. Founded in 2001 in Canada, they have grown steadily and now handle more than £5bn in transactions each year. The platform covers all major currencies plus a host of ‘exotics’ and enjoys an impressive 97% satisfaction rating
Xe started off life as an online currency conversion calculator, then started flogging the data to currency transfer providers, then in 2002 decided to compete with all it’s customers and offer online money transfers (which it provides through HiFX in the UK. At the time, HiFX was one of the largest money transfer providers in
Western Union lets you send money to more than 200 countries around the world. It was founded in 1851 in Rochester, New York, and was named the Western Union Telegraph Company when the New York & Western Union Telegraph Company merged with the rival New York and Mississippi Valley Printing Telegraph Company in 1856. It was
Fineco is an Italian bank and brokerage, active across Europe which has been in operation for 20 years. Fineco has over 1.30 million clients and assets of more than €82.0 billion under administration. Fineco became a bank in 1999 and through M&A became a part of the Unicredit group in 2008. Ultimately Fineco demerged from
Ria Money Transfer is one of the world’s largest money transfer companies, enabling money remittances all around the globe. Ria was founded in 1987 from small beginnings in New York. It began by offering money transfer services to Latin America and steadily expanded to serve virtually all corners of the world. Today, Ria allows you
Moneyfarm is a digital wealth manager that aims to make personal investing simple and accessible. It was launched initially in Italy in 2012 by Italian bankers Paolo Galvani and Giovanni Dapra and entered the UK in 2016 and has big-name financial backers such as Allianz Global Investors, Cabot Square Capital, United Ventures and Poste Italiane.
Launched in 2014, PensionBee took personal pensions online. When we interviewed the founder and CEO Romi Savova she said they are on a mission to make us all pension confident by making the whole process as easy as possible. You can go online and either set up a new pension or transfer your old pension
PrimaryBid is a fintech business that’s dedicated to IPOs, new issues and stock placings, and bringing these directly to retail investors who have to some extent been excluded from the primary markets. For more information on what these are read our guide on how to invest in IPOs. Compatible PirmaryBid Investment Accounts To participate in
Wealthsimple company’s mission is to offer ‘simple, sophisticated, and affordable financial products. And make sure they’re available to everyone’. The robo-advisor was founded in Canada in 2014 and launched in the UK in September 2017. It has amassed 175,000 clients with £4.8bn in assets under management (as at end February 2021). Wealthsimple offers a pension,
WiseAlpha is an online investment platform that enables UK investors to invest in fractional corporate bonds. Its aim is to make bonds – which traditionally were only accessible to large institutional investors due to high minimum transaction levels (£100k+) – more accessible to private investors. WiseAlpha was founded in 2014 and received Financial Conduct Authority
Freetrade is a commission-free stock trading app with a self-described mission of ‘getting everyone investing by making it simple and commission-free’. It currently has 500,000 users and is a member of the London Stock Exchange. Their mobile app can be downloaded free of charge and offers the following features: General investing account: Commission-free investing in
Key Currency is a currency broker that specialises in large foreign exchange transactions for individuals or businesses sending large amounts of money abroad. Key Currency was founded in 2015, has around 50,000 customers and transfers over £2billion a year overseas in 42 currencies.
AJ Bell Youinvest is an award-winning, low-cost online investing platform for the UK DIY investor. Its aim is to make the process of investing as easy as possible. Founded in 1995, AJ Bell Youinvest has grown to become one of the UK’s leading investment platforms. Today, it has more than 310,000 customers and assets under
Nutmeg were among the first robo advice-led financial services in the UK. The FCA-regulated company offers a range of personal financial products which are supported by robo-advisors rather than humans which help keep costs down while still providing a tailored service online. Nutmeg has more than £2bn in assets under management but is yet to
Wise – formerly known as TransferWise – allows customers to make international money transfers at a low cost, quickly and transparently. The company was founded in 2011 by two Estonian friends living in London: one was paid in euros and the other in pounds. In response to high fees and poor exchange rates, they devised
TorFX is a currency specialist and currency broker founded in 2004 offering foreign exchange conversion services in 40 currencies. TorFX converts and transfers around £7.5 billion a year and is based in Cornwall, UK.
Founded in 2012 by entrepreneur Michael Kent, Azimo with the aim of using technology to ‘democratise overseas currency transfers’. It is faster, cheaper, secure and promises a saving of 90% over traditional money transfer providers. Using its website or mobile app, you can transfer funds to more than 200 countries in more than 80 currencies.
PagoFX offers the features and pricing of a fintech start-up with the security of being backed by Santander. PagoFx was launched in 2020 by Banco Santander and aims to revolutionise FX money transfers. It’s an open market extension of Santander’s existing transfer service and represents their foray into the world of fast low cost money
ShareDeal active is Jarvis’s low-cost no-frills execution-only stockbroking service. Though this may be a new name in broking to many, the parent company Jarvis Securities PLC is a well-established Aim-listed investment management and nominee company, that offer outsourced services, including clearing, nominees, SIPP accounts, and investment ISA management, plus their associated back-office functions, to brokerages,