If you’re looking to get into stock trading, you’re going to need a good platform to help you make the most informed decisions possible. In this article, we’ll review eToro, the best stock trading platform on the market, as well as three other popular platforms. By the end, you should have a good idea of which platform is right for you and your investment goals.
eToro
eToro is a Social Trading and Multi-Asset brokerage company that has registered offices in Cyprus, Israel, and the United Kingdom. The company offers an online trading platform that enables its clients to trade a variety of assets, including stocks, commodities, indices, ETFs, and foreign exchange. eToro also offers a mobile app that allows users to trade on the go. For more information about this platform, check this etoro review.
Pros:
• Easy to use platform
• Social trading features allow users to copy the trades of other successful investors
• Wide range of asset classes available for trading
Cons:
• Not available to U.S. investors
• Spreads can be high for some assets
IQ Option
IQ Option is a financial services company operating in 16 countries around the world. The company offers an online trading platform that allows its clients to trade a variety of assets, including binary options, forex, stocks, cryptocurrency, and ETFs. IQ Option also offers a mobile app that allows users to trade on the go.
Pros:
• Easy to use platform with demo account available
Cons:
• U.S. investors cannot trade binary options • Limited customer support hours
Plus500
Plus500 is an online CFD broker based in Israel. The company offers an online trading platform that allows its clients to trade a variety of assets including forex, stocks, cryptocurrency, ETFs, and commodities. Plus500 also offers a mobile app that allows users to trade on the go.
Pros:
• Demo account available
Cons:
• Higher than average spreads
MarketsX
MarketsX is an online CFD broker based in Cyprus. The company offers an online trading platform that allows its clients to trade forex, stocks, indices, cryptocurrency, and commodity CFDs. MarketsX also offers a mobile app that allows users to trade on the go.
Pros: • Market insights and analysis available
Cons: • No demo account available
All four platforms are popular among investors for different reasons but choosing the right one ultimately comes down to personal preferences. eToro is great for those who are interested in social trading and don’t mind not being able to trade certain assets if it means not having to pay high spreads. IQ Option is ideal for those who want access to binary options without having to worry about minimum deposit requirements or dealing with customer service during limited hours. Plus500 is perfect for those who are looking for low spreads but don’t mind not having access to certain features like market insights or analysis. And finally MarketsX rounds out the list as being a good all-around choice with low spreads and commission-free trades on over 50 currency pairs.
Whichever platform you choose in the end , be sure do your own research so that you can make informed decisions about your investments. Thanks for reading!