Best 18 Trading Platforms For beginners and professionals.. Trading platforms are becoming increasingly important as they allow investors to trade stocks, commodities, indices, forex, and other financial instruments without having to go through brokers or banks.
Most traders start out using free stock brokers. This is fine, but you should always consider investing in a reliable broker that has a good reputation.
The stock exchange is where investors trade stocks. There are over 4,200 exchanges worldwide. Each offers a variety of services, from basic trades to advanced options. While some brokers offer a wide range of services, others specialize in certain markets or types of investments.
There are several things to look for when choosing a stock broker. First, look at their customer service record. Are they responsive to emails and phone calls? Is there a live chat feature? Second, check out their fees. How much does it cost to open an account? What are the transaction fees? Third, ask them about their investment choices. Does your broker offer mutual funds or ETFs?
Here are the Best 18 Trading Platforms For beginners and professionals
Tradeking is a well-known online stock broker that offers free trades and low fees. You can trade stocks, options, ETF’s, futures, forex, commodities, and indices. Tradeking has been around since 1999 and was founded by two brothers who wanted to create a company that would give its clients access to the markets at a reasonable cost. Tradeking has over 1 million customers worldwide and is regulated by the Securities Exchange Commission (SEC). Tradeking is a member of the Financial Industry Regulatory Authority (FINRA), which means they have passed strict regulatory requirements.
2. TD Ameritrade
TD Ameritrade is another popular online brokerage firm that specializes in providing their services to both individual investors and professional traders. TD Ameritrade was established in 1989 and is headquartered in Chicago, Illinois. TD Ameritrade provides free trades and low fees for its clients. TD Ameritrade is a member of the National Futures Association (NFA) and is fully licensed by the SEC.
E*TRADE is a financial services corporation based out of New York City. Founded in 1988, E*TRADE is a full service brokerage firm that provides its clients with various investment products. E*TRADE is known for having some of the lowest fees in the industry. In addition to offering competitively priced trades, E*TRADE also offers a wide variety of investment products including mutual funds, variable annuities, ETF’s, and index fund. E*TRADE has approximately $20 billion dollars under management.
Scottrade is a financial services corporation that provides its clients with online stock trading accounts, educational materials, and retirement planning tools. Founded in 1986, Scottrade is headquartered in St. Louis, Missouri. Scottrade is a member of FINRA and SIPC.
5. Interactive Brokers
Interactive Brokers is a global electronic market maker that provides its clients with direct access to over 100 different exchanges around the world. IB was founded in 1992 and is headquartered in Greenwich, Connecticut. IB is a member of the NFA and NYSE Euronext.
Fidelity Investments is a provider of wealth management, banking, insurance, and retirement services. Fidelity was founded in 1885 and is headquartered in Boston, Massachusetts. Fidelity is a leading provider of institutional money managers, asset management, and retirement plans. Fidelity is a member of the Investment Company Institute (ICI) and the World Federation of Exchanges (WFE).
Vanguard Group is a provider of investment management, retirement plan consulting, and financial services. Vanguard was founded in 1958 and is headquartered in Malvern, Pennsylvania. Vanguard is a leading provider of mutual funds and exchange traded funds (ETF’s).
C-trade is a cryptocurrency exchange platform that was created in 2017. Their goal is to provide a user friendly experience that’s secure and reliable. They have a lot of features including margin trading, paperless wallet, and fiat currency pairs. C-trade offers two types of accounts; Basic and Advanced. Both allow users to trade digital currencies, however, advanced account holders have additional tools and benefits.
Binance is a blockchain based financial services provider. They launched back in June 2016. Binance claims to offer fast transactions, strong security, and good customer service. Binance works directly with Bitcoin and over 1,500 altcoins. They also offer crypto to crypto trading and fiat on ramping exchanges.
Coinbase is a digital currency wallet and brokerage company founded in 2012. They were acquired by Circle Internet Financial in 2014 and then acquired by Circle again in 2018. They claim they are simple to use and don’t require any knowledge of cryptocurrencies. They are available globally in 40 countries and 60 languages.
Kraken is a United States based bitcoin broker since 2011. They are a licensed New York Money Transmission Business (NYMtB) and member of FinCEN. They are also fully regulated by the US Department of Treasury. They are a digital asset exchange and brokerage firm.
Gemini is a digital asset exchange based out of New York. They started operations in September 2015. Gemini trades in many different cryptocurrencies including BTC, ETH, LTC, USDT, EOS, XLM, ZRX, REP, OMG, TRAC, LINK, BAT, XRP, IOTA, ICN, DASH, HSR, and MCO.
Bitmex is a bitcoin derivatives exchange based in Hong Kong. They started operations in July 2013 and now support six cryptocurrencies.
Bittrex is a cryptocurrency exchange based out of Seattle, Washington. Their website claims they have been operating since 2014, and were founded by two brothers who wanted to create a secure crypto-currency trading platform.
Deribit is a global forex broker that supports traders around the clock. They also offer CFDs and Indices.
Bitstamp is a European Union-regulated bitcoin broker headquartered in Luxembourg. Bitstamp was founded in 2011 by Nejc Kodrič and Jan Štromberger.
GDAX is a cryptocurrency exchange operated by Coinbase. Launched in July 2013, GDAX currently supports bitcoin, litecoin, dogecoin, and ether trading pairs. GDAX is a sister exchange to Coinbase.com.
Robinhood is a financial startup based out of Palo Alto California, United States. Robinhood was founded in 2015 by Baiju Bhatt, a former Google engineer who previously worked at Amazon and PayPal. Robinhood is best known for its commission free stock trades.
Changelly is a European-based crypto currency exchange service. It’s goal is to make exchanging cryptocurrencies easier and faster than ever before. Founded in 2016, Changelly is headquartered in Vilnius, Lithuania.
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Best 18 Trading Platforms For beginners and professionals