Investing in the financial markets is all about taking risks and hoping that everything will work out per your predictions. However, traders are trying to mitigate some of the challenges contributing to losses. One of these challenges is trading with unsafe brokers, most of which are scammers waiting to swindle you off your hard-earned money. For this reason, you must find a broker that is regulated in your jurisdiction area. For instance, Australian traders must invest with brokers regulated by the Australian Securities and Investment Commission (ASIC) to safeguard their trading funds. Such brokers also offer the best trading conditions so you can enjoy your experience.

There are a gazillion brokers in the market today, and identifying the safest might be overwhelming and time-consuming for many traders, especially newbies. In this regard, we list the top brokers that guarantee traders’ safety and are worth considering. Keep in mind that these brokers are regulated across various regions, but it is essential that you double-check if they accept clients from your area before taking a plunge.

1.IG Markets

IG Markets accept clients from various regions globally, including the UK, Australia, the US, and Europe. This broker offers over 17,000 trading assets, meaning that you have more than enough securities to explore. In addition, there are a plethora of research and learning materials at IG Markets to maximize your experience. On top of that, it hosts advanced platforms, which you get to choose based on your skill level. On the flipside, IG Markets is rather costly, from a minimum deposit of $300 to high trading fees.

2.eToro

eToro is another top broker with a global presence. It is safe for trading, whether you are using its web platform or mobile app to explore over 2,000 assets available. Furthermore, eToro is the best broker for social and copy trading, even though you will require a minimum deposit of $300 to access the social trading platform. This, together with the many learning materials it hosts, makes eToro a considerable choice for newbies. Besides, getting started requires at least $50 per the broker’s specifications, and stock trading is commission-free. Feel free to test it out on its demo account.

3.CMC Markets

Another safe broker with quality tools to explore is CMC Markets. It is a CFD and spread betting broker offering over 9,500 securities. Its global presence and ability to offer quality resources make it one of the best brokers to explore. However, you must ensure it meets your trading requirements to fully enjoy what it offers. Regarding trading costs, CMC Markets is more affordable than its peers, such as eToro and IG Markets. There is no minimum deposit requirement, and its spreads rank on the lower side in the trading industry. Rest assured of enjoying many excellent features with this broker, so try it today.

4.Plus500

CFD traders looking for a safe broker should try Plus500. Although you get to explore only CFD assets, Plus500 maximizes your experience with quality resources. Its single proprietary platform is also user-friendly with an intuitive design. What’s more, it is a low-cost broker with only low spreads. There are no commissions. Furthermore, Plus500 supports traders with adequate research materials and learning content for market analysis and skills development.

Verdict

As mentioned earlier, many brokers are safe to trade with, and identifying them is the only challenge traders experience. However, you need to consider your trading needs when choosing a safe broker to improve your experience. The above four will get you started to invest in long-term or short-term positions. And if you do not find a complementing one from our list above, TradingGuide professionals recommend the best to choose from. Remember, the best broker increases your profitability, so choose wisely.