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An account with a top-rated platform is a must for anyone looking to invest in stocks, cryptocurrency, and other assets over online trading.

There are several factors to look for when selecting an online trading platform: a user-friendly and suitable interface, features such as competitive fees and commissions, a wide variety of supported markets, a complete set of tools and features, and a professional customer support team should be considered.

Our review will give you a full breakdown and comparison of the best trading platforms for beginners on the market.

Best Trading Platform for Beginners – List

  1. eToro – Overall Best Online Trading Platform For Beginners
  2. Capital.com – Best CFD Low-Cost Trading Platform For Novice Traders
  3. Libertex – Award-Winning Beginner Online Trading Platform
  4. VantageFX – Zero-commission Global Broker for Beginners
  5. Robinhood – An Easy-to-use Trading Platform Designed For Beginners
  6. TD Ameritrade – Trusted Broker For Trade Diverse Markets
  7. Interactive Brokers – Top Online Trading Platform With Comprehensive Trading Tools
  8. Plus500 – Best Online Trading Platform For CFDs
  9. IG – Superb Online Trading Platform With Customizable & Educational Tools
  10. Fidelity – Leading Trading Platform for Beginners Interested In Long-Term Investments
  11. Charles Schwab – Superb Online Trading Platform For US-Listed Stocks and ETFs With 0% Commission

What is the Best Trading Platform for Beginners?

1. eToro – Overall Best Online Trading Platform For Beginners 2022

best online trading platforms for beginnersThere are many reasons why eToro is the best trading platform for beginners, as it brings a key to thousands of markets across many key asset categories, which is a big advantage. 

Traders have access to more than 2400 stocks, ETFs, indices, cryptocurrencies, metals, commodities, and currencies. There are a lot of financial assets that can be traded on eToro, and if there is one you are interested in trading, you’ll probably find it there.

Best stock trading platform for beginners

The online trading platform comprises many other attractive features, including a social trading network. This network is where traders from all over the world can interact. This feature will allow you to see the financial instruments that other users have bought and will enable you to start a conversation with them and analyze the market sentiment.

eToro boasts powerful charts with dozens of technical studies integrated into them for trading purposes. Besides following the news via the platform, you can also keep track of the most relevant events in the world through it. In addition, this broker offers a wide range of stocks, ETFs, and cryptocurrencies at 0% commission and dozens of crypto markets at 1% commission.

Trading platform for beginners

As well as being a low-margin rate broker, this app is also a copy trading platform, making it the leading investment app for beginners today. Using this tool, users can select an experienced eToro trader and then copy their investments based on their experience. For instance, if the trader invests in EUR/USD, the same position will be replicated in the user’s portfolio.

You may also enjoy the eToro investment app because of its Smart Portfolios. The portfolios offered by eToro are pre-made, professionally managed, and hand-picked by the eToro team to provide both worlds’ benefits. As part of the eToro trading platform, beginners can also access a fully-functional demo account that is pre-funded with $100,000.

Through PayPal, Neteller, WebMoney, and Skrill, eToro investors can deposit funds via the app and other methods. If you make a payment in US dollars, you will not be charged any deposit fees. Withdrawals are also subject to the same rules as deposits. Additionally, eToro is subjected to several regulatory requirements, including FINRA and SEC licensing. 

What we like:

  • No commissions on thousands of stocks in the US and abroad
  • The largest forex, crypto, index, and commodity trading platform
  • The minimum deposit and trade amount is just $10
  • Smart portfolios and copy trading
  • There are no fees associated with USD deposits
  • PayPal and debit/credit cards are accepted

What we don’t like:

  • Advanced technical analysts may not find this product suitable for their needs.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Capital.com – Best CFD Low-Cost Trading Platform For Novice Traders

Best online trading for beginnersFounded in 2016, Capital.com is a world-leading broker regulated by several leading authority bodies, including the FCA, CySEC, and ASIC, as well as several other institutions. Besides its big name on the market, it is also one of the platforms with various financial tools ideal for novice traders.

Among the many benefits of trading with Capital.com is that there are no commissions or withdrawal/deposit fees. The margin fee at Capital.com is already calculated into the price of an asset, so there’s nothing extra to worry about. In addition, only leveraged positions are subject to overnight fees.

Best broker for beginners

Capital.com offers all the products you would expect from a top online trading platform, such as stocks, commodities, cryptocurrency, and forex. In addition, a wealth of educational materials is available on Capital.com’s Investmate app, a fantastic tool for beginners to get started in the world of trading. Moreover, Capital.com is compatible with the MT4 trading platform, meaning traders can access all the major indicators available.

Anyone interested in trading traditional financial markets can find Capital.com a great choice. As it is well designed and relatively easy to learn, beginners should have little trouble using the platform when they first use it as it is well-designed and easy to get accustomed to. 

In addition, the broker has a team of researchers and analysts that ensure the broker’s clients can always make informed decisions based on thorough research and analysis of the market. 

Aside from its excellent customer support system and many market research options, Capital.com is perhaps the most useful trading platform you can ever find.

What we like:

  • Exceptional security
  • 24/7 support
  • There are over 5000 assets
  • A variety of markets are available
  • Integrate with MetaTrader
  • Commission-free

What we don’t like:

  • Mostly restricted to CFDs

83.45% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Libertex – Award-Winning Online Trading Platform

best online trading platforms for beginnersAside from offering quality CFD trading for several decades, Libertex is another great alternative that is available to beginners on the market in terms of trading platforms that are suitable for them. There are 11 different countries where it operates, and over 2.2 million users are served by it. In addition, there are a variety of markets available on the platform, which makes it easy for clients to build a portfolio that is diversified as a result.

With technical indicators, fully customizable charts, and portfolio-building options, traders have access to a wide variety of analytical tools. One of the key advantages it offers retail traders is the ability to trade with leverage up to 1:30. It also should be noted that Libertex has its webtrader. However, the company compliments this with the possibility of using MetaTrader 4 and MetaTrader 5.

Best stock trading platform for beginners

As far as funding a Libertex trading account is concerned, multiple payment methods can be used. In addition, no deposit or withdrawal fees are attached to this broker, providing low spreads.

In terms of regulation, Libertex is regulated by CySEC, a reputable regulatory body. Moreover, Libertex has received more than 40 international awards, which speak volumes about its track record as an investment provider for individuals and institutional investors.

What we like:

  • A top international broker
  • Broker with an award-winning track record
  • Bonus for new customers
  • Outstanding mobile app for iOS and Android

What we don’t like:

  • There are no fundamental data available
  • Provides only CFD derivatives trading access
  • Micro lots are not available

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4. VantageFX – Zero-commission Global Trading Platform

Trading platform for beginnersTrading forex and CFD derivatives through Vantage FX gives beginner investors access to the most liquid financial markets in the world.

Overall, Vantage FX is a great trading platform for new traders to understand how online trading works. It has various tools and features to help them along the way. For example, the web-based platform allows users to trade over 300 forex, commodities, indices, and options CFDs. 

With daily forex signals, traders can also identify global market volatility with ease, and this can be of great benefit to their results. As well as offering low non-trading fees, Vantage FX offers market-leading spreads as low as 0.0 pips.

Best online trading for beginners

MetaTrader is the trading software suite that supports the Vantage FX web trading platform. Due to their fully customizable designs and intuitive interfaces, MT4 and MT5 trading platforms are extremely popular with all types of traders due to their popularity among all types of traders. 

What we like:

  • CFDs on 300+ forex, shares, commodities, and stock indexes 
  • There are no fees associated with deposits, withdrawals, or inactivity
  • MetaTrader 4 and 5 are supported

What we don’t like:

  • Only CFDs are available
  • Spreads above average for forex

Your capital is at risk

5. Robinhood – An Easy-to-use Trading Platform Designed For Beginners

Best broker for beginners

The trading platform offered by Robinhood is probably the most suitable for beginners, even though it lacks many advanced tools and features. The broker offers a wide range of financial instruments from North America, such as stocks, ETFs, options, and even cryptocurrencies.

Robinhood is the ideal option for you if you are looking for educational materials. As well as this, many users trade using the Robinhood mobile application – which is extremely user-friendly and convenient.

It can also be noted that Robinhood is a no-commission broker across all of the assets it supports. There are thousands of stocks on the U.S. stock exchange, but most international equities are available only as ADRs when trading.

Best broker for beginners

The only way you can deposit funds into your account is through ACH or by wire transfer. Only the first $1,000 of your standard account will be processed immediately. Purchasing the Gold membership for $5 per month is the only way that you will be able to remove that cap.

The minimum deposit requirements for Robinhood aren’t very high, and the minimum trade is only $1 for anyone to get started with the application.

What we like:

  • Suitable for novice investors
  • No commission on U.S. stocks or ETFs

What we don’t like:

  • Instant deposits limited to $1,000
  • No passive investment tools

Your capital is at risk

6. TD Ameritrade – Trusted Broker For Trade Diverse Markets

best online trading platforms for beginnersTD Ameritrade is one of the best platforms to consider for those just starting out in trading. This is because it offers a broad range of financial instruments as part of its market range.

With its proprietary platform, Thinkorswim, you will be able to use it like any other professional platform, including an interface with various configuration options, graphs, and indicators. To achieve this, a wide range of features are available to users, such as over 400,000 economic indicators, historical and real-time data, customizable chart screens, and the ability to place high-level advanced orders.

Additionally, it enables you to outperform the markets consistently by using high-level tools that allow you to do so since Thinkorswim’s mobile app gives you access to many of the tools mentioned above and other tools on the website.

Best stock trading platform for beginners

There are no commissions associated with stocks, ETFs, or options traded through TD Ameritrade, which results in lower costs for investors. Aside from cryptocurrencies, bonds, currencies, commodities, and bonds, you can find various other assets.

There are currently 175 different countries served by this broker, making it one of the most widely spread brokers in the industry.

What we like:

  • High-tech proprietary platform
  • Broker of choice for demanding investors

What we don’t like:

  • No fractional shares are supported
  • Online access to US-listed stocks without commissions

Your capital is at risk

7. Interactive Brokers – Top Online Trading Platform With Comprehensive Trading Tools

Trading platform for beginnersIn terms of the number of customers they serve and the volume of transactions they carry out, Interactive Brokers, founded in 1978, has become one of the largest investment platforms in the world. This broker stands out since it provides thousands of shares in both America and Europe to invest in.

Interactive Brokers also offers investment products such as options, futures, bonds, and much more. It is pertinent to note that the purchase of U.S. stocks will not incur any commissions when it comes to stock purchases. However, the shares of other countries may be subject to additional costs as a result.

Online platforms offer many ways to invest, but Interactive Brokers offers a powerful toolset and many other features. This is for those seeking a comprehensive way of investing. There will be various tools for high-frequency trading, including advanced charts, customizable control panels, technical indicators, and technical analysis.

Best online trading for beginners

Interactive Brokers has a standard investment platform that beginners do not need to worry about, as they can perform their operations effortlessly.

There is no minimum amount to invest, and you will not be charged any commissions for depositing, so you can start with any amount and start from anywhere.

What we like:

  • An advanced investment platform
  • Expertise in the industry for decades
  • Offering thousands of shares to choose from

What we don’t like:

  • Costs associated with purchasing shares outside the U.S.

Your capital is at risk

8. Plus500 – Best Online Trading Platform For CFDs

Best broker for beginnersContinuing our list of the best trading platforms for beginners, we will look at Plus500. It is a CFD trading platform that offers tight spreads with no hefty commissions.

Plus500’s app has been hailed as one of its most praised features, thanks to its simplicity, power, and attractive design. This is one of the reasons it has won numerous awards over the years.

In terms of investment options, Plus500 offers a wide range of options, including stocks, forex, crypto, indices, and more. Moreover, your funds are safe since the FCA and CySEC regulate the broker.

best online trading platforms for beginners

Many trading utilities are available on Plus500, making it a complete platform for investors. It includes economic calendars, risk management tools, price alerts, guides, ebooks, market news, and market outlooks, among other things.

Plus500 charges no deposit fees, and opening an account with Plus500 is quick and easy. In addition, there are numerous ways in which users can fund their accounts, including credit/debit cards, bank transfers, or PayPal.

What we like:

  • Various trading utilities are available
  • Excellent app with many features
  • FCA and CySEC regulated
  • Segregated bank accounts are used to store client shares

What we don’t like:

  • There is no social trading
  • A commission is applied to the opening and closing of positions

Your capital is at risk

9. IG – Superb Online Trading Platform With Customizable & Educational Tools

Best stock trading platform for beginners

Investors looking for a wide selection of assets to trade online can find IG, one of the best online trading platforms for beginners to consider in the United States. Due to its wide selection of asset classes, IG offers many opportunities.  With IG, you have access to more than 18,000 financial instruments as soon as your account is set up.

IG is a CFD broker that does not charge any commissions for the use of its CFD platform since the fees are built into the spread – which for highly traded assets can be as small as 0.4 points.

Trading platform for beginners

The IG web trading platform is fully customizable and features tailor-made watchlists and one-click trading, which makes the trading experience simple and easy. It also stands out when it comes to the trading experience. A variety of price alerts and biometric authentication are also available on the IG mobile app.

There is also a considerable library of educational resources available on IG, including tutorial videos, webinars, and a free demo account that can be used at your convenience.

What we like:

  • Traders can choose from a wide variety of assets
  • Order types can be selected from a variety of options
  • Features and tools for trading an expansive range of markets

What we don’t like:

  • A high minimum amount is initially required
  • No CopyTrade is supported

Your capital is at risk

10. Fidelity – Leading Trading Platform For Beginners Interested In Long-Term Investments

Best online trading for beginners

Our tenth option on our list is a brokerage regulated by the FCA, FINRA, and SEC that offers safe and secure investment opportunities in financial instruments.

As an online platform, Fidelity has offered a wealth of useful tools for market research, analysis, and educational resources for users since 1995. However, despite offering a variety of financial instruments to satisfy its investors, this platform does not feature any traditional instruments such as futures contracts, commodities, or cryptocurrencies in its offering.

Best broker for beginners

As a replacement, you will be able to find thousands of stocks and ETFs here, as well as index funds and mutual funds. Fixed-rate bonds are also an option for you to invest in. If you are considering opening a retirement account, all of these products are ideal for buy-and-hold investors. Consequently, Fidelity provides a comprehensive selection of tools to help you choose an IRA that meets your needs.

A variety of stocks, ETFs, and options can be traded using its 0% commission structure. The client has access to these products without paying transaction fees for trading.

What we like:

  • Thousands of financial instruments supported
  • No commissions on financial products
  • An extensive background in investment management

What we don’t like:

  • Cryptocurrencies, futures, and commodities are not available
  • Minimum deposits are high for financial planning accounts

Your capital is at risk

11. Charles Schwab – Superb Online Broker For US-Listed Stocks and ETFs With 0% Commission

best online trading platforms for beginners As the last broker in our list of the best trading platforms for beginners, Charles Schwab should also be considered a worthwhile alternative. The platform is used by millions of clients across the United States and has been in operation for more than 40 years. Moreover, because of its reputation for long-standing integrity and strict regulation, Schwab is a brand that can be trusted.

It allows you to invest in various financial instruments, including stocks, ETFs, options, and bonds. In addition, Charles Schwab has developed a user-friendly investment platform that can be accessed from any web browser. It also offers a desktop platform known as StreetSmart Edge, which is ideal for traders looking to monitor their daily trades and conduct research more easily.

Best stock trading platform for beginners

Unlike many other brokers, this broker provides in-person service at each US branch, making it stand out from the crowd as one of the few that provides a top-quality customer experience.

Regarding commissions, Schwab does not charge a commission per transaction for online transactions such as listed stocks, ETFs, and Schwab funds. Regarding options, there is no commission but a fee of $0.65 per contract. As for over-the-counter stocks in the United States, the price is $6.95.

Moreover, Schwab’s premium analysis tools and market insights are also why it is so popular. Additionally, regular podcasts, as well as workshops, are included in the platform.

What we like:

  • Best broker for beginners looking for automating portfolios
  • Trading does not require a minimum deposit
  • Tools for advanced trading on a desktop platform
  • An NYSE-listed company

What we don’t like:

  • There is a high fee associated with non-US stocks
  • Cryptocurrency trading is not available
  • Forex trading is not offered

Your capital is at risk

What is an online broker?

Online brokers serve as intermediaries between buyers and sellers of financial instruments. Fees or commissions are charged for facilitating the purchase or sale. In addition, online brokers provide traders and investors with the convenience and expertise needed to transact efficiently over the Internet, courtesy of technological advancements. 

Investors used to have to either call their brokers to place trades on their behalf before the internet became universal to place orders on their behalf, or they had to place orders over the phone themselves.

Placing orders, checking quotes, and making changes online is now more convenient, as you can do so anywhere. Furthermore, it allows traders to execute trades more quickly and benefit from volatility more effectively. Compared to trading with a traditional broker, online trading is significantly more cost-effective.

What is the easiest trading app for beginners?

If you are interested in trading for the first time, it’s a wise idea to look for the best trading platform for beginners, as you shouldn’t simply choose any broker to trade with. The most suitable and easiest investment trading app is the one that offers the features that you need and an easy-to-use interface that aligns with your needs. Low commissions and fast order execution will be a higher priority when it comes to time-sensitive trades.

How do beginners trade stocks?

When it comes to investing in stocks as a be, the first thing that needs to be done if this is your first time is to open an account with a broker.

Before investing, you should practice trading with a virtual trading account before investing any real money for the first time. Then, when you feel confident after have been tried your trading strategies, it would help if you start by investing small amounts to avoid unnecessary risks.

Increasing this amount gradually will allow them to maximize your investment potential. However, it is critical not to invest anything it cannot afford to lose, especially when adopting risky strategies. In general, most financial advisors recommend that most of an investor’s portfolio consist of mutual funds, index funds, or exchange-traded funds as the main investments.

How does online trading work?

Trading online involves using the Internet as a medium for performing all of the activities associated with trading without the need for any paperwork. 

It is possible to trade financial instruments online using a mobile app or website offered by online trading platforms. Different assets are traded on these platforms, such as stocks, derivatives, commodities, currencies, and mutual funds. 

Trading online will require you to register with a broker, as buying and selling financial instruments can be done online through a trading account, where you can place your order. 

It is also possible for you to check your trade’s confirmation along with the trade’s status. Whenever a trade is executed, you can view all of the details of the trade, including a detailed trade report. When your order is pending, you can change the price, quantity, or any other aspect of the order.

Online Trading Terms Beginners should know

When reading or discussing the online trading investment environment, we often find ourselves running into terms that are industry-specific market terms that are commonly used in daily trading.

Experts and novices use many terms in finance when talking about indicators, stocks, indices, and other aspects of financial markets. Below are some examples you should consider:

Stock

Stocks are security units representing the ownership of a fraction of a company issuing the stock. Generally, stock units are called shares, entitling the owner to share in the corporation’s assets and profits equal to the number of shares they own.

Many investors’ portfolios are built around stock investments, which are bought and sold primarily on stock exchanges and are the basis of their investments.

Price-to-Earnings ratio

It is defined as the quotient between price per share and earnings per share, one of the most common ratios used during stock market analysis.

Using the price-to-earnings ratio, you can value a company by comparing its share price to its earnings per share. Price-to-earnings ratios have also been called earnings and price multiples, though they may refer to the same thing.

A P/E ratio is a method of determining a company’s relative value to the market by comparing the shares of the company with those of its peers. In addition to comparing a company against its historical record, this can also be used to analyze aggregate market statistics about a type of market over some time or against others.

Market Capitalization

As the term implies, market capitalization measures the amount of money a company’s outstanding shares of stocks have in the market. Generally, this figure is used rather than sales or assets to determine a company’s size in the investment industry. For example, when an acquirer is considering acquiring a company, they use the entity’s market value as a criterion for whether the candidate represents a good value to the company in question.

Dividends

Dividends are quarterly or annual payments from company earnings to shareholders. All companies do not always pay out dividends. In penny stock companies, they are especially rare since profits are rare since most of them don’t have any.

Limit Order

When an online trader is looking to enter or exit a position, they will aim to do so with clear goals. Creating a position with a limit order is at the vanguard of this process.

By placing a limit order, you can specify the price that will be used to open a trade when it is placed. Suppose you’re interested to invest in Apple shares. If they are quoted at $500 but wish to enter the market at $550 for whatever reason, you will need a limit order.

Market Order

When you want to enter the buy/sell position at trade with the current price, it is when a market order becomes useful.  As the default, market orders are the ones that are placed as soon as an investment is confirmed, which means the investment is placed instantly at the next best available price.

This means that the order will be placed accordingly as long as the user specifies the stake they would like to invest.

Exchange-Traded Funds (ETFs)

Exchange-traded funds (ETFs) are funds that trade on stock exchanges, and the name describes them exactly. They track a particular index, industry, or commodity by pooling capital together.

Hence, it can be said that ETFs offer a passive way to gain exposure to various assets. Nevertheless, many ETFs track major equity indices giving investors a broader exposure to leading companies.

Bonds

In terms of bonds, they are an investment contract between the bond issuer and an investor. This is a kind of debt instrument issued by a government, a private company, or a government agency to pay a specified amount of interest to the investor over a set period of time. As soon as the bond matures, the bond owner must receive the bond’s money back from the issuer at the end of the fixed time the bond matured.

Bonds are a way for businesses or individuals to finance debts or to finance their businesses.

Mutual Funds

A mutual fund is an organization that pools money from several investors into one account and invests the money in securities like stocks, bonds, and short-term debts. Professional money managers are responsible for creating the portfolios of mutual funds, allocating their assets accordingly, and attempting to maximize the fund’s income and capital gains for the investors who have invested in the fund.

As a result, all fund shareholders share proportionally in any gain or loss that the fund experiences. There are many securities in mutual funds, and the performance of the funds is usually measured by the change in the fund’s market capitalization, which is generated by aggregating the performance of the underlying investments in the fund.

How to Start Online Trading in the US – eToro

Step 1: Open an Account and Upload ID

Creating a trading account with eToro is the first step in the process. As soon as you visit its official website and click on the ‘Join Now’ button, you will see a registration form looking like the one in the image below.

Once you have chosen your username and password for your eToro account login credentials, you will be asked to enter both. Additionally, you will also have to enter your email address to access it.

It is also necessary for you to enter the number of your mobile phone. Hence, you will receive an SMS message from eToro, asking you for the unique code you must enter to complete the verification.

Best stock trading platform for beginners

Upon clicking on ‘Create Account’, you will fill out some additional information about yourself. Then you must provide your full name, nationality, residential address, and date of birth.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Confirm Identity

Online trading brokers regulated to work in the industry have adapted the Know Your Customer (KYC) process into their operations. Therefore, for brokers like eToro, it’s just a way for them to verify who you are. As a result, they remain compliant with money laundering laws to keep your funds safe.

There are two documents you need to provide to eToro. First, you are required to upload one of the following three documents to prove that you are who you claim to be: a passport, a state ID card, or a driver’s license to prove your identity.

It is also necessary for you to attach at least one of the following documents to prove your stated residence, such as a statement from your bank or credit card company, a bill from an electricity, water, or gas company, a tax letter, a tax bill or a letter from the municipality in which you currently reside.

Trading platform for beginners

It is also possible to accept other documents. Nonetheless, the proof of address document that you upload must be recent.

In most cases, eToro can instantly verify your identity once you have uploaded the two required documents.

Step 3: Deposit Funds

There is no fee associated with deposits and withdrawals of funds with eToro. It is pertinent to note that this applies to all of the payment methods that eToro supports.

At this point, you will need to enter the amount of money you wish to deposit – starting at $10 and moving up from there. The currency tab on the left-hand side of the screen should be set to ‘USD’.

The next step is picking the payment method you wish to use from the drop-down menu that appears.

Best online trading for beginners

For instance, debit/credit cards issued by Visa, MasterCard, and Maestro are supported. Additionally, it is possible to use e-wallets such as PayPal and Neteller to make payments. Other options such as online banking, ACH, and bank wire transfers can also be accepted.

Step 4: Search for Metals

As soon as your eToro account has been funded with trading capital, you can begin searching for the markets you are interested in on the site. Investing in metals, as an example, can be done by choosing the ‘Discover’ button followed by ‘Metals.’

As a result, you will be able to see the full list of metals you can trade. If you know what metal you wish to trade, you can also use the eToro search bar to find it.

Step 5: Place a Trade

An order will be displayed on your screen once you select the “Trade” button next to your preferred asset and click on it.

Once you have chosen your desired stake, enter it into the respective field and click on the ‘Open Trade’ button.

Consider that the trade will remain open until the order is manually closed in the absence of a stop-loss and take-profit order.

Best Trading Platform for Beginners – Conclusion

As a beginner, you need a top platform that offers an extensive range of markets at competitive fees, top-quality customer service, and suitable trading tools.

According to our research, eToro is the best trading platform for beginners in 2022. As well as popular financial instruments such as cryptocurrencies and forex, the platform also offer thousands of stocks and ETFs with 0% commissions.

Alike your experience, you can also invest in copy trading tools and smart portfolios managed by professionals without paying additional fees. Additionally, only five minutes are needed to open an eToro account.

eToro – Overall Best Trading Platform for Beginners

Best broker for beginners

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

How much should I invest in stocks as a beginner?

As far as investing in stocks is concerned, there is no minimum amount of money that needs to be invested before one can begin. However, to get started the right way, you will likely need at least $200 - $1,000. There is usually no minimum amount for opening an account at an online trading platform, so you can start buying stocks immediately. No matter where you go, it's advisable as a beginner to start investing in stocks online with a small amount of money and invest over time.

Do you need a lot of money to use an online trading platform?

Not necessary. A good example of such a platform is EToro, which offers a $10 minimum deposit and is considered one of the cheapest online trading platforms for beginners. In addition, a wide range of asset classes is available to trade commission-free through this platform. Furthermore, eToro does not charge any monthly account fees or deposit fees, which makes the entire process very affordable for users.

Is my money safe in a trading platform?

Suppose you trade on an online trading platform that is regulated. In that case, you do not have to worry about your money's safety. eToro, our top-recommended broker for beginners, operates under FCA, CySEC, and ASIC regulations, so investors can rest assured that there are safeguards in place to protect them against their investments falling into the wrong hands.

Can you cash out of a stock brokerage account?

Yes, it is possible. There may be a case where you will have to sell stocks or other investments first if you wish to withdraw your money. As soon as you have sold the stocks, you need to wait until the trade settles before you can withdraw money from your online trading account, so please keep this in mind.

What are trading fees?

In the case of buying or selling shares of a specific investment, there are trading fees that must be paid. In exchange for helping facilitate a trade, this fee, which is also called a commission, is paid by the trader to the broker who helps facilitate the trade through the online trading platform.

About Omar Ortiz
About Omar Ortiz

Radio producer, interested in international media, long distance communications, technology and world cultures.

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