SUCCESS Illustrated START TRADING. WORLD BECOMES YOUR OYSTER.
OK, we totally get it. Some of you are wondering right now – Is looking for the best trading broker still an issue in this day and age, at this level of tech innovation? Here’s the answer. You can have the best trading strategy in the world, you can even learn how to execute it flawlessly – if you do not trade with a reliable, proven trading broker or exchange, your work can end up in tranches.
Yep, that’s right. There are still broker scams going on. There is a lot fraud in the world of trading, and choosing the best trading broker is now more important than anything else. Why? Because as you trade, you not only expose your liquid assets to the risks inherently present in any financial or cryptocurrency market transaction, you are also opening up to the risk of a fraudulent middle man.
Do Not Confuse Market Trading With Casino.
That said, trading the markets, if done correctly, is far from casino betting. Many people are of the opinion that markets simply equal gambling.
While investing and trading the financial and crypto markets IS a game with probability, it is NOT gambling. Those two are worlds apart! With the probability game, you are operating with calculated risks. You’re measuring everything and stay within the zone statistically best suited for your long-term profit wins.
With typical gambling, you simply don’t have that luxury. You shoot randomly. And get shot more often than not…
But to actually play well the probability game, you need to understand that while placing winning bets in trading is not everything that decides whether you will survive and thrive, or you will just be flushed down the market rabbit hole and left with nothing. One of the differentiating factors is very much a quality broker.
Do not make the mistake many amateurs do when underestimating the impact of making this decision after considering every possible angle there is. If you choose the institution you entrust your hard-earned money lightly, you can end up losing access to all of the profits you made – or sometimes even to your trading equity!
Five Best Trading Brokers And Exchanges.
In the following paragraphs, we are outlining five best trading brokers and exchanges that we can honestly recommend to anyone interested. We have accounts open with each of the best trading brokers below, and consider THESE to be reliable partners that will give you cutting edge in the markets.
A. Interactive Brokers
ACCESS INTERACTIVE BROKERS WEBSITE HERE.
Interactive Brokers is one of the oldest players in the idustry. Despite the company age, they are innovating fiercefully, and are considered a truly professional broker. Their platform has a bit steeper learning curve, but once you master trading with IBKR, the benefits (and low fees) are definitely worth every second of your time.
Interactive Brokers offer individual investors a nearly full caleidoscope of traded instruments. With IBKR you can trade spot FOREX, stocks, options, futures (including commodity futures), ETFs, and much more. You can also access the crypto markets, albeit Interactive Brokers do not provide direct coin trading, instead, they offer ETFs tied to specific cryptocurrencies to compensate for that.
B. Trade Station
ACCESS TRADE STATION WEBSITE HERE.
Trade Station again is one of the oldest brokers out there. Compared with IBKR, their platform is easier to learn and master, and their UI is just more intuitive overall. They also provide robust platform for trading automation. That said, however, their fee structure is sligthly in the higher tier than the one of IBKR.
As is the cae with IBKR, Trade Station offers individual investors a nearly full caleidoscope of traded instruments. With Trade Station you can trade spot FOREX, stocks, options, futures (including commodity futures), ETFs, and much more. You can also access the crypto markets, albeit Trade Station does not provide direct coin trading, instead, they offer ETFs tied to specific cryptocurrencies to compensate for that.
C. Saxo Bank
ACCESS SAXO BANK WEBSITE HERE.
Danish (European) broker, now with world-wide presence, considered one of the most trusted names in the industry on the Old Continent. Saxo Bank offers a very intuitive and graphically extremely appealing platform, suitable especially for beginnig traders. That said, it is necessary to add that Saxo Bank fee structure is a bit higher as well.
Saxo Bank offers individual investors a fairly broad scope of traded instruments. With Saxo Bank you can trade spot FOREX, stocks, options, futures (including commodity futures), ETFs, and more. You can also access the crypto markets, albeit Saxo Bank does not provide direct coin trading, instead, they offer ETFs tied to specific cryptocurrencies to compensate for that.
D. Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency (crypto). With the sudden collapse of FTX in 2023, Coinbase is now along with Binance considered the “golden couple” – of the heaps of other less relevant crypto brokers and exchanges out there, mostly due to their years-proven and relatively undisturbed operation, besides a small controversy here and there, which is only normal in this type of business, in our view.
Founded in 2012 just three years after the creation of Bitcoin, Coinbase has since become the largest cryptocurrency exchange in the U.S. by trading volume, with more than 73 million verified users in over 100 countries. Coinbase is not an FDIC-insured bank, as is the case with Binance, and digital currency is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”).
Yet still, we find cryptocurrency trading to be the most rewarding of all, mostly due to high volatility and excellent market liquidity, even in (most) big swing scenarios, at least with the two biggest and most trusted brokers mentioned.
E. Binance
Binance is the biggest crypto exchange in the world, with a solid reputation for providing high-quality direct access to cryptocurrency markets and continuous innovation. Binance offers 3 account types, with 2 of the 3 allowing you to trade on margin, while Binance margin is as high as 1:125. Their fees are considered one of the lowest in the crypto world.
Binance will not only help you instantly place your bets on almost any of the coins or tokens in existance, it will also offer you a wide range of innovative crypto “derivatives”, many times comparable to the actual derivatives found with the “classic” financial markets, such as crypto futures, vanilla options, etc. Especially Binance Futures which allow you to trade both short and long and execute fast are, from our own experience, useful for faster trading styles and systems, including scalping (such as CONDI Superfast or CONDI F1-Boost).
VERDICT – Choose The Best Trading Broker.
As you may have noticed, we at Success Illustrated use all of the best trading brokers and exchanges stated above. For the sake of objectivity, we will leave the decision which broker or exchange actually IS the BEST – entirely up to you.
Let us wrap up this fascinating topic with the following. In the text above, we did our best to include only the best players in the field of trading brokerage and exchange. T.m. ANY choice from our list to be your best trading broker and trusted partners will actually be superb! Your decision is of course not limited to only these 5 options – as is the case with everything in trading, also make sure do your own homework, google searches, and investigations. Consult with an independent advisor, if needed.
Having said that, after more than 10 years of trading, the names above are what we consider the best trading brokers available today.
N.B. Did you know that Success Illustrated offers an EXCELLENT Trading System that includes everything you need to know to start trading, or improve your trading style and results if you end up in the red too often – and we will show you how to trade every step of the way, from A to Z? Make sure to check out our proprietary Trading System by clicking on this link.
We wish you all the best on your journey to becoming a better – and better equipped – trader. Oh, and Happy Trading!
Great, you just made my day since I was searching the web for the exact same thing, and was able to find a really exceptionally good trade broker right here on your website. Saved as a favorite, I love your site!
Thank you, Ajiad! Pleasure to be of help. Shoot us a message in case you need anything else explained. You might also be interested in taking part in our Trading Academy program to up your trading game.