Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

TradeKing
7.1 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT TRADEKING
Tradeo
9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT TRADEO
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
About

TradeKing is regulated by FINRA, Securities Investor Protection Corporation (SIPC). TradeKing have provided Forex, Stocks, Options, ETF, Mutual funds trading services since 2005.

Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 13 years in business
  • Yes
  • Yes
  • Yes Over 7 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters 11605 N Community House Rd, Third Floor, Charlotte, NC 28277 Limassol, Cyprus Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No No Yes
Social Trading No Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 41 59
Commodities Offered 70 16
Stocks Offered 0 99
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks Yes No No
Energies No No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes No Yes
IPO Yes No Yes
See all instruments

Losses can exceed deposits

See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No No Yes
MT4 Mac No No Yes
WebTrader Yes No Yes
Mirror Trader No No Yes
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Trade King Tradeo AvaTradeAct, AVAOptions

APPS

iOS image Yes Yes Yes
Android image Yes No Yes
Windows image Yes No No
Available Languages

English

English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

Losses can exceed deposits

See platform & features

80% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by TradeKing and Tradeo

Demo account No Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No No Yes
Zero spread account No No No
VIP account No No Yes
Fixed spreads No Yes Yes
Variable spreads Yes No Yes
See account options

Losses can exceed deposits

See account options

80% of retail investor accounts lose money when trading CFDs with this provider

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping No Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No No No
Direct market access No No Yes
STP broker No Yes No
Market maker Yes Yes Yes
Min trade $5 0.01 Lot 0.01 Lot
Max trade None None None
Min deposit $500 $250 $100

RISK MANAGEMENT

Stop losses No Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No Yes Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card No Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes Yes
Skrill No No Yes
Payment processing time 1 business day Varies Varies
Withdrawal processing time Varies Varies Varies
See all funding options

Losses can exceed deposits

See all funding options

80% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, MA, DZ, TN, IR US, MA, DZ, TN, IR BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 877.495.5464 44-203-695-8555 (44) (0) 8005200423
Live Chat Yes No Yes
Website https://www.tradeking.com/ https://tradeo.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) Not offered 2.7 pips 0.9 pips
GBP/USD (Average: 1.1 pips) Not offered 4.0 pips 1.6 pips
USD/JPY (Average: 1.1 pips) Not offered 3.5 pips 1.1 pips
AUD/USD (Average: 0.8 pips) Not offered 3.1 pips 1.1 pips
USD/CHF (Average: 2.3 pips) Not offered 3.7 pips 1.6 pips
USD/CAD (Average: 2.9 pips) Not offered 4.1 pips 2.0 pips
NZD/USD (Average: 3.6 pips) Not offered 4.5 pips 1.8 pips
EUR/GBP (Average: 2.4 pips) Not offered 3.7 pips 1.5 pips
View all spreads

Losses can exceed deposits

View all spreads

80% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes Yes No
Commission Yes No No
Deposit Fee No Varies No
Withdrawal Fee No Yes No
View All Fees

Losses can exceed deposits

View All Fees

80% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from https://www.tradeking.com/. Last updated on 01/12/2019.

All information collected from https://tradeo.com/. Last updated on 01/12/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/12/2019.

Company

TradeKing offer fair and simple pricing at $4,95 for stock and ETF trades and $4,95 plus $0,65 per contract for option traders, TradeKing value their reputation and offer instant online messaging for TradeKing customers and you will be connected with a real live person without the extended hold times if you chose to pick up the phone to discuss any questions you may have, You will also get access to some of the best research and trading tools. like stock reports. Maxit Tax Manager. Probability Calculator and Stock and Option Screeners at no additional cost,

TradeKing will give you access to their award winning community of traders including top pros to share ideas. experiences and strategies for online trading, TradeKing invest in technology to provide you with the best trading experience including fast trade executions guaranteed to be at the National Best Bid or Offer or better,

Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few.

As a STP Broker, Tradeo does not make their profits based up client losses, they are paid based upon the volume based commissions so their success is tied with their traders success. With no conflict of interest between Tradeo and their traders you can be rest assured that Tradeo values providing the best trading conditions possible through competitive pricing and fast, transparent execution.

The social side of Tradeo allows you to view other traders activities and share your own and receive feedback from the community. Tradeo also allows traders to automatically copy the trading strategies of the leading traders and benefit from the expertise of the top traders.

If you value bank level security, CySec Regulation, transparent pricing and 24 hour support, Tradeo is the broker for you.

For more information about trading with Tradeo, we have put together an indepth Tradeo review with all the pros and cons about this broker.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

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TradeKing or Tradeo?

Low spreads or access to MT4?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, TradeKing is likely a better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Tradeo may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider TradeKing to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

TradeKing is regulated by FINRA, Securities Investor Protection Corporation (SIPC), while Tradeo is regulated by CySEC.

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

TradeKing has been around for 14 years, while Tradeo have been around for 8 years. Our third alternative broker, AvaTrade, have been around for 13 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both TradeKing and Tradeo use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on TradeKing or Tradeo in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both TradeKing and Tradeo are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

TradeKing are based in 11605 N Community House Rd, Third Floor, Charlotte, NC 28277, while Tradeo are based in Limassol, Cyprus .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both TradeKing and Tradeo offer forex trading. Tradeo have a slightly larger variety of currency pairs with 41 pairs, compared to offered by TradeKing. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, TradeKing may be a better fit as Tradeo does not offer commodity trading.

Tradeo also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

While Tradeo also allows scalping and hedging. You can trade with EAs (expert advisors) on both TradeKing and Tradeo.

In terms of risk management tools, neither TradeKing or Tradeo offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Tradeo accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, TradeKing and Tradeo both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: TradeKing or Tradeo?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, TradeKing is more reliable based on our criteria above. Tradeo has a wider range of instruments to trade. Tradeo offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Most brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.