When it comes to online trading, there are a lot of options available. So, how do you know which platform is right for you? In this blog post, we’ll break down some of the most popular online trading platforms and what makes them stand out. Whether you’re just getting started or you’re a seasoned pro, we’ve got you covered.
The Best Online Trading Platforms for Beginners
1. E*TRADE – Best Overall
E*TRADE is our pick for the best overall online trading platform for beginners. It’s easy to use, offers a wide range of investment options, and has low fees and commissions. You can open an account with no minimum deposit and get started trading immediately. Plus, there are plenty of resources available to help you learn the ropes.
2. Charles Schwab – Best for Customer Service
If you’re looking for outstanding customer service, Charles Schwab is the way to go. They offer 24/7 customer support and have a team of Registered Investment Advisors standing by to help you make the best decisions for your money. They also have a wide range of investment options and low fees, making them a great choice for beginner investors.
3. Fidelity Investments – Best for Research Tools
Fidelity Investments is our pick for the best online trading platform for research tools. They offer in-depth analysis and research on a wide range of investment options. Plus, they have an excellent mobile app that makes it easy to stay on top of your investments while you’re on the go. While they don’t offer 24/7 customer support, they do have extended hours during the week so you can get the help you need when you need it.
4. TD Ameritrade – Best for Beginner-Friendly Tools
TD Ameritrade is our pick for the best online trading platform for beginner-friendly tools. They offer an extensive education center that has everything from articles and videos to webinars and one-on-one coaching sessions. Plus, their mobile app is loaded with features that make it easy to trade wherever you are. And if you ever need help, their customer service team is standing by 24/7 to assist you.
What is eToro?
eToro is an online broker that allows you to buy and sell a variety of assets, including stocks, commodities, currency pairs, and cryptocurrencies. One of the reasons why eToro is such a popular choice for beginners is that it has a very user-friendly interface. Another reason is that eToro offers something called “social trading.” This means that you can see what other users are doing and copy their trades if you want to. This is a great way to learn about trading without taking on too much risk.
How to Get Started With eToro
Getting started with eToro is very easy. The first thing you need to do is create an account, which you can do by clicking here. Once you’ve done that, you’ll need to deposit some money into your account. The minimum deposit is $200, but we recommend depositing more than that so that you have some room to experiment with different trades.
Once you’ve deposited money into your account, you’re ready to start trading! To do this, simply click on the “Trade Markets” button at the top of the page. From there, you can choose which asset you want to trade. For example, let’s say you want to buy some Apple stock. To do this, simply type “Apple” into the search bar and then click on the “Buy” button next to the stock price. That’s all there is to it!
Why We Recommend eToro For Beginners
eToro is our recommended platform for beginners for a few reasons: First of all, as we mentioned above, it has a very user-friendly interface. Second of all, it offers social trading, which is a great way to learn about trading without taking on too much risk. And finally, it’s a regulated broker, which means that your money is safe and sound.
All in all, there are a lot of great online trading platforms out there to choose from. No matter what your needs are, there’s sure to be a platform that’s right for you. So, take your time, do your research, and happy investing!