Best Fastest Trading Platform – Cheapest Online Brokers Revealed
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The financial markets and trading technologies have advanced significantly from the days of the traditional trading system. Fast trading, also known as high-frequency trading, has started to emerge and gain popularity as a result of new technology and faster connections.
The platform you use will, like other trading tactics, have a significant impact on how successful you are as a rapid trader. In this article, we examine the top trading platforms in terms of speed and detail the qualities you should look for when selecting a broker.
Best Fastest Trading Platforms 2023 List
There are several fast brokers out there that you might consider using, however, the top brokers are as follows:
- eToro – The Best Overall Fast Trading Platform
- Libertex – The Best Fast Trading Platform Through MT5
- Skilling – The Best Fast Trading Platform for the Lowest Fees
- AvaTrade – The Best Fast Trading Platform for High Leverage
1
Payment methods
Features
Customer service
Classification
Mobile App
Fixed commissions per operation
Account Fee
Rating
- Buy shares and ETFs with 0% commission
- Social and copy trading network
- Invest and trade crypto with low fees
74% of retail investor accounts lose money when trading CFDs with this provider.
Account Info
Fees per operation
Best Fastest Trading Platforms Reviewed
1. eToro – Number 1 Platform For Fast Trading A Social Investing
eToro is the best option if you’re seeking for a simple and practical platform to start quick trading. eToro offers over 2400 different financial instruments to trade and is one of the most popular brokers in the world. The fact that eToro provides CFD transactions, meaning you don’t pay any commissions at all, is another benefit of the platform. This is ideal for fast traders who may be looking to trade a high volume of trades each day.
You may trade with leverage on a range of assets thanks to them as well. For instance, they provide x30 leverage for the majority of major currency pairings, x20 leverage for smaller currencies, and x15 leverage for the majority of important commodities. You may use eToro’s web portal or mobile app to monitor your trading positions while you’re on the go while you’re trading via them. It takes only a few minutes to create an account on eToro, and once you do, you may access the many CopyPortfolios in addition to the social trading network’s over 17 million users. You’ll be able to emulate the trades of more seasoned and successful traders, even the most successful quick traders, thanks to this.
It is quite safe to trade financial assets on eToro because it is carefully regulated and guaranteed by several organizations globally. Setting up an account and making a minimum deposit of $200 are requirements before you can begin trading.
eToro fees:
| Fee | Amount |
| Stock trading fee | Free |
| Forex trading fee | Spread, 2.1 pips for GBP/USD |
| Crypto trading fee | Spread, 0.75% for Bitcoin |
| Inactivity fee | $10 a month after one year |
| Withdrawal fee | $5 |
Pros
Pros- Low to no fees
- Tight spreads
- Huge range of assets to trade – including stocks, indices, ETFs, cryptocurrencies, currencies, and commodities
- Social trading and copy trading tools are available
- Regulated by the UK FCA
Cons
Cons- Does not support signals for forex trades
- Not suitable for traders who use advanced charting tools
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. Libertex – The Best Fast Trading Platform Through MT5
Libertex is easily among the oldest and most trusted fast trading platforms that support a variety of asset classes including stocks, commodities, and currencies. It is best known for being the best broker to trade with through the MT4 and MT5 platforms, therefore its forex trading is regarded very highly. It allows you to trade over 51 currency pairs with leverage as high as 30x. It is the ideal fast trading platform because it offers 0 spreads, which means you can buy and sell the asset instantly at the same price. On every trade you make, you only have to pay a commission of 0.006%, making it the ideal platform for fast traders.
If you are a professional trader and meet their requirements for being considered experienced, then Libertex will allow you to trade with leverages as high as 1000x on some currency pairs, easily the highest in the industry. Libertex is compatible with MT4 and MT5, you can also use their own trading platform which has a wide range of tools including market sentiment analysis, a built-in news feed, and different customizable signals services.
Libertex fees:
| Fee | Amount |
| Stock trading fee | Commission. 0.034% for Amazon. |
| Forex trading fee | Commission. 0.008% for GBP/USD. |
| Crypto trading fee | Commission. 1.23% for Bitcoin. |
| Inactivity fee | $5 a month after 180 days |
| Withdrawal fee | Free |
Pros
- Supports both MT4 and MT5
- High leverage, up to 1000:1 for professional traders
- Very low minimum deposit – as little as 10 GBP
- Regulated and insured by CySEC
- Very low fees and commissions
Cons
- Execution times are slower than its competitors
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.
3. Skilling – The Best Fast Trading Platform for the Lowest Fees
Skilling is a new platform that has grown in popularity due to the high leverage that it offers to it’s users. The platform provides a range of forex CFD products with leverage up to 500x and 200x for minor currency pairs. This is significantly higher than most other platforms on the market.
Skilling also offers commodities. and metals including gold as well as stock and crypto assets. However, the leverage on these products is noticeably lower at between 10x and 5x.
Skilling is regulated by the CySEC which provides traders with an added level of protection. The platform also doesn’t charge any fees or commissions on trades. What’s more, traders who use skilling can take advantage of tight spreads as well as copy trading features that allow you to profit from other trader’s decisions.
Skilling fees:
| Fee | Amount |
| Stock trading fee | o% Commission on Skilling’s Trader Account |
| Forex trading fee | Variable spreads starting from 0.7% |
| Crypto trading fee | Spread. 0.20% for Bitcoin. |
| Inactivity fee | €10 per month after one year |
| Withdrawal fee | Free |
Pros
- 800+ financial instruments on the platform
- Regulated by the CySEC
- No trading fees or commissions
- Offers copy trading services
Cons
- No ETF trading allowed
Your capital is at risk when trading CFDs with this provider.
4. AvaTrade – The Best Fast Trading Platform for High Leverage
Experienced traders may want to consider Avatrade as an option for fast trading in 2023. This is largely because the platform offers cutting-edge tools as well as high leverage trading and access to a diverse range of financial instruments. The platform is also compatible with MT4 and MT5 as well as a portfolio of automated trading platforms.
One of the platform’s main features is that is offers very high leverage. The majority of currency pairs on Avatrade can be traded with up to 400x leverage which makes it a popular option amongst traders hwo are willing to take risk to increase their chances of profit.
Avatrade is also known for it’s narrow spreads. for example, EUR/USD can be traded with spreads of just 0.9 pips. This makes the cost of trading cheaper than it would be on other platforms.
AvaTrade fees
| Fee | Amount |
| CFD trading fee | Variable spread |
| Forex trading fee | Spread. 0.9 pips for EUR/USD |
| Crypto trading fee | Commission. 0.25% (over-market) for Bitcoin/USD |
| Inactivity fee | $50 per quarter after three months of inactivity |
| Withdrawal fee | Free |
Pros
- Licensed in six separate countries and in accordance with UK regulatory standards
- Features a professional desktop platform and supports the vanilla FX settings.
- MT4 and MT5 compatible for advanced analysis
- Tight spreads and minimal costs
- Leverage up to 400x
- Minimum deposits are quite minimal, as little as 100 USD/GBP.
Cons
- The broker offers a limited choice of assets
71% of retail CFD accounts lose money with this provider.
Fastest Trading Platforms – Fee Comparison
Below is a table comparison of each of the brokers that have been mentioned above.
| Name of Broker | Fast trading tool | GBP/USD Spread | EUR/USD Spread |
| eToro | Social trading platform – CopyTrade | 2 pips | 1 pip |
| Libertex | Highest leverage for professional traders – up to 1000x | 0 (fee of 0.006%) | 0.9 pips |
| Skilling | High leverage trading with several pairs available | 1.3 pips | 0.9 pips |
| Avatrade | High leverage of up to 400x alongside vanilla options | 1.6 pips | 0.9 pips |
Fastest Trading Apps Assets & Software Comparison
| Asset Class/Software | eToro | Libertex | Skilling | AvaTrade | |
| Forex | Yes | Yes | Yes | Yes | |
| Stocks | Yes | Yes | No | No | |
| Commodities | Yes | Yes | Yes | Yes | |
| Cryptocurrencies | Yes | No | No | No | |
| Indices | Yes | No | No | No | |
| MT4 Trading Platform | No | Yes | No | Yes | |
| MT5 Trading Platform | No | Yes | No | Yes |
How to Choose the Best Fastest Trading in 2023
When choosing the right fast trading platform for your needs, you should keep several things in mind. You should carefully consider a variety of factors before deciding on a broker since it has a direct and proportionate effect on how successful your trading strategy will be. In the following paragraphs, we discuss a number of factors worth considering.
Regulation and Safety
With instances of online financial fraud on the rise, using a regulated and secure broker is vital. This is because regulated brokers are inspected by authorities regularly and must comply with strict guidelines so that traders can trade safely.
The best way to know if a broker is regulated is to find out whether it is registered with any regulatory bodies. Governing bodies including the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC) overlook some brokers to ensure that they are meeting regulatory requirements. If a broker is not registered with a regulatory body, it may be a sign that the broker isn’t inspected that often.
When it comes to trading safely, regulated brokers are favored over ones that aren’t. However, some traders prefer unregulated brokers because they are not impacted by third party governance so often provide more autonomy.
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.
Assets
The best fast trading platforms should offer a wide range of assets for you to pick from when placing trades. This will make it easier to execute a large number of trades each day. Offering a broad range of assets will also enable you to diversify your portfolio which is a good way to minimize trading risk.
Platforms that offer access to numerous asset classes frequently have greater functionality than other platforms since they must accommodate a wide range of traders. On platforms that support many assets, you can frequently trade equities, currencies, commodities, indices, ETFs, and cryptocurrencies.
Fees
It is very important to consider fees when choosing a trading platform, especially if you plan t trade a large quantity of trades per day. Platform’s that charge high trading fees will be much more costly to use than those that charge low fees or no fees at all.
The two types of fee that you may come across are trading fees and non trading fees. Trading fees are the costs involved with placing each trade. Non-trading fees are the costs involved with holding an account with the broker.
Prior to beginning to trade with a platform, it is essential that you are aware of all of the different costs it charges. Focusing on the fees that apply to your trading needs is important because they frequently vary between asset classes and are particular to each country and jurisdiction. A platform with lower fees is always preferable to a platform with greater costs for the same capabilities.
Trading Commission
A fee is a flat charge that you pay for every exchange order that you place. One of the benefits of commissions is that they are recognised in advance, consequently you can without problems accommodate commissions and account for them when backtesting a method or getting ready a layout for trading. Commissions are commonly volume-based, and the higher your buying and selling volume, the decrease the commissions that you will have to pay. At the equal time, commissions can every now and then be greater than spreads.
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.
Different brokers provide unique spreads and commissions, and some brokers even provide a mixture of both. While each spreads and commissions have their personal benefits and disadvantages, commissions are commonly desired via quickly merchants due to the fact they are fixed, accountable, and pretty low if a positive buying and selling quantity is exceeded. When deciding on a dealer that prices commissions, you must continually test if this broking gives rebates or discounts. Since quick buying and selling techniques typically contain giant volumes, it will be handy for you to meet the threshold and be eligible for rebates, if any.
Spreads
Spreads are another type of cost that may occur when using a fast trading platform. Spreads are the difference between the asking price of an asset and the price that you are actually able to trade the asset for. They are added onto trades so that the broker can profit from trading.
Spreads can be fixed or variable on platforms. In contrast to fixed spreads, which remain constant throughout the trading day, variable spreads alter during the trading day based on market volatility and liquidity. You ought to be informed of the spread your broker utilizes and if it is fixed or variable. Some brokers offer entirely different spreads, depending on the products you want to trade. Even within the same asset class, spreads can vary.
Other Trading Platform Fees
Non-trading fees on other platforms may be broken down into three categories. The first type of fee that you may find is an account management fee. This is a price that covers the management of your trading account which includes protecting your funds and allowing you to hold money on the platform.
Secondly, you may run into deposit or withdrawal fees. Both of these fees are usually added onto the amount that you deposit into or withdraw from your account when making these transfers.
The last type of fee is an account inactivity fee. These are fees that are charged when accounts aren’t used for specific lengths of time. This includes time when you do not login to your account, place any trades or deposit any funds. Some brokers of refunds if your account becomes active again shortly after paying the fee.
Trading Tools & Features
In addition to the qualities and requirements mentioned above, there are other factors to consider when choosing a broker. These are the resources and tools that the platform provides. If you don’t stop using them altogether, a large equipment selection is always more valuable than a smaller one. The following list includes the key characteristics that you should look for in the finest fast buying and selling platform.
Fractional Ownership and Low Minimums
If you want to trade with a low minimum deposit, it is important that you find a platform that offers fractional ownership. Fractional ownership involves buying just a small portion of a share instead of te entire sum. You can fractionally buy just a 10th of a share, for example. Fractional ownership enables high ticket shares to be accessible to low budget traders.
Fractional ownership also makes it easier to diversify your portfolio with multiple shares rather than spending all of your funds on one large cost share.
Automated Trading
The automatic trading options that a platform offers are a different factor to consider while choosing one. The most popular method is through the MT4 and MT5 trading platforms, while some brokers allow you to set up and execute automated trading strategies on their own platform. You could employ a variety of automated trading strategies. You could, for instance, employ trading signals, bots, or copy other traders’ transactions. You must look for and deal with a broker who supports automatic trading methods in any scenario.
Orders
There are several types of orders that platforms allow you to place. These include market orders, limit orders, stop-limit orders, and stop-loss orders. In addition to this, there are numerous timeframes that you could set on your orders, such as:
- Good-till-canceled (GTC)
- Day Order
- One week
- One month
- End of week
- End of month
- End of Year
- Good-till-date (GTD)
- Immediate or cancel (IOC)
It is important for the broker you choose to allow you to place such orders so that you can trade with maximum efficiency.
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.
Research and Analysis
If you want to make informed trading decisions, it is vital that the platform you choose offers strong research and analysis tools. This can include tools such as chart indicators, live new updates, signals and technical analysis tools.
Most traders will use a combination of technical and fundamental analysis when placing trades. Doing so enables traders to get a clear view of the market so that they can place trades accordingly. Furthermore, as you become more advanced in your trading, you may want to access professional tools. Therefore, it is important to look for this before signing up to a platform.
Demo Account
A demo account is a great way to practice trading and develop new strategies. Demo trading accounts allow you to test out trading platforms without putting any money at risk. This means that you can get idea of how the platform works before making any real trades.
The best trading platforms will offer a demo account that reflects real-life trading conditions. This way, you can develop strategies within the demo trader and implement these directly into your live trading account.
Mobile App
Being able to access the market and your portfolio on the go is a vital component of fast trading. As a result, it is important that you choose a platform that offers a mobile app. The best apps will provide everything you need to manage trades on the go as well as a range of market analysis tools.
Platforms such as eToro and XTB ofer trading apps that can be used in replacement of the desktop trader. This is ideal for traders who want to keep an eye on trades throughout the day.
Payment Methods
A crucial consideration is the number of options available for withdrawing and depositing cash into your trading account. While most brokers accept bank transfers and credit/debit cards, it is preferable to choose brokers who accept other modes of deposit, such as electronic wallets like PayPal, Skrill, and others. You’ll be able to simply contribute to and withdraw money from your account thanks to this.
Customer Service
The last consideration you need to make is the platform’s customer support capabilities. Because they enable you to quickly and easily acquire answers to your issues as they arise, systems that offer live chat options are typically highly recommended. Moreover, look for platforms with customer support teams that are available 24/7 so you can call or email them for assistance whenever you need it.
How to Get Started with the Best Fastest Trading Platform – eToro
The best rapid trading platform, eToro, has a straightforward five-step process for creating an account that is relatively easy to follow. Below, we’ve gone into further detail on each of these.
1. Open a Trading Account
To get started, create an eToro account. Simply visit their website and click the “Join Now” button to accomplish this. You have two options for logging in: from scratch or through your Facebook or Gmail account.
67% of retail investor accounts lose money when trading CFDs with this provider.
2. Confirm Identity
The next step is to confirm your identity. This is part of the platform’s security protocol.
To confirm your identity you will need to upload a passport or drivers license as well as a proof of address. This step can take up to 48 hours to complete.
3. Deposit Funds
The next step is to deposit funds into your account. You can do so either via your debit/credit card, a bank transfer, or online wallets such as PayPal and Skrill.
4. Search for a Trading Market
Finding the market you want to trade on is the following step. Just entering the name of the market into the search field will do the trick. The market of your choice is then available. Alternately, you can utilize the menu to choose an asset class and then use that to locate the market you want to trade in.
5. Place a CFD Trade
Placing a trade comes last. To achieve this, just access the asset’s page, click on buy or sell, enter the trade amount, leverage, and stop loss settings, and then click execute. It won’t take long for the deal to be completed.
67% of retail investor accounts lose money when trading CFDs with this provider.
Conclusion
If you’re looking to get started with a fast trading platform, the best option for you is to do so via eToro. It is one of the most reliable and safe trading platforms for investors and traders of all experience levels, and it also contains among the largest variety of asset classes to trade on. Their trading platform and its functionalities are almost unparalleled in the industry, and it also has low spreads and fees on the trading of stocks and forex pairs. All in all, eToro is definitely a strong option to consider for your fast trading needs.
eToro – Best Fastest Trading Platform With Competitive Spreads
67% of retail investor accounts lose money when trading CFDs with this provider.
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Nishit Kumar
