The best trading platform for beginners offers three essential benefits. First, the platform itself should be easy to use and beginner-friendly. The second is the provision of a variety of learning materials to give new investors a strong start. And third, the best platforms provide access to quality stock market research.
For our 2022 review, we tested and scored 15 trading platforms, focusing on features that are essential for early investors. In addition to a thorough examination of each learning center, we have seen which brokers offer unique features such as webinars, live seminars, videos, progress tracking, paper (or virtual) trading, and interactive educational elements such as quizzes.
Top 5 Best Trading Platforms
After researching over hundreds of online providers, we found that eToro is one of the best trading platforms to consider in 2022. First and foremost, if you are just starting out in the world of online trading, this broker is perfect. This is because the platform is really easy to use and it supports small bets.
For example, the minimum deposit is only $ 200 and you trade upwards from $ 25. EToro supports several asset classes, depending on what assets you can trade. It covers 2,400 stocks in 17 different markets. For example, you can buy shares of companies based in the United States, Canada, the United Kingdom, Hong Kong, and European exchanges.
eToro lets you access over 250 ETFs and 16 cryptocurrencies. If you are looking for a commodity trading platform, eToro supports everything from gold and silver to oil and natural gas. And of course, eToro offers a huge Forex trading facility. Most importantly, eToro can be traded on a commission-free basis in every financial market. You don’t have to pay any running fees, so eToro is a great trading platform for those looking for a low cost provider.
An additional reason to make eToro number one on our list as the best trading platform for beginners is because it offers passive investing tools. For example, through its CopyPortfolio feature, you can benefit from a professionally managed investment strategy. This means that the eToro team will buy and sell assets on your behalf.
There are many strategies to choose from, such as a focus on tech stock or cryptocurrency trading – eToro is actually our most recommended bitcoin trading platform. Then you have the eToro copy trading tool. This is where you select a mature trader you would like to see and then copy their ongoing trades. Read more here if you are into cryptocurrency or looking for an NFT platform.
For example, if the trader allocates 3% of the portfolio to Apple stock and 2% to IBM, your portfolio will do the same. When it comes to basics, eToro allows you to deposit funds with a debit card, credit card, bank wire, or an e-wallet like Paypal and Skrill. The trading platform is regulated by FCA (UK), CySEC (Cyprus), and ASIC (Australia), which takes client security seriously. Those in the United States, registered with eToro FINRA.
Read our eToro review to learn more about this wonderful trading platform.
Libertex is a CFD trading platform popular with UK traders who want low fees and commissions. At the forefront of this is the platform’s zero spread offer. This means that regardless of the assets you decide to trade, there is no gap between the purchase and sale price, making it the best CFD trading platform around.
As a result, it allows you to benefit from industry-leading quotes In addition, although Libertax charges a commission on each side of the trade, it is often very low. In fact, commissions often sit below 0.1% per order.
As a prime example, the popular Forex pair NZD / USD can be traded with only 0.012% commission. In terms of supported markets, Libertex offers CFDs on stocks, commodities and currencies. As a CFD expert, you can apply leverage to any trade of your choice.
This is consistent with European trading limits, which means you will be less restricted to 1:30 on major Forex trading pairs and less on other instruments. All CFD markets in Libertex come with the option of going longer or shorter. This allows you to profit from both rising and falling markets. Libetex offers two trading platforms that you can choose from.
This includes MetaTrader 4 and its own platform that was created in-house. Both options can be accessed online or via a mobile app. In the case of an MT4 trading platform, it can be downloaded to your desktop device – the route you need to take if you want to install an automated robot.
If you like the word Libertex, you can open an account in minutes. The minimum deposit is only £ 100 and you use a debit / credit card, bank account transfer, or an e-wallet. Once you have the money in your account for the first time, all future deposits come to a minimum of just £ 10.
When it comes to security, Libertex is regulated by CySEC, the leading EU licensee. Also, Libertex has been offering online trading and financial services since 1997 For example, the provider has a dexterous track record that now spans more than two decades
While so far most of the focus has been on traditional assets like stocks and ETFs, some of you may be looking for the best trading platform for Forex. If so, it is better to check the IG. Simply put, this trusted online trading platform offers a huge forex segment that covers over 80 currency pairs.
Needless to say, it covers all large and small pairs – such as EUR / USD, GBP / USD, and AUD / NZD. However, IG also gives you access to a wide selection of foreign currency pairs. It includes Russian Ruble, Indian Rupee, Philippine Peso, Brazilian Real and many more.
On top of the wide variety of offers in the Forex market, you will also find that IG is competitively priced. For example, you can only trade major Forex pairs from 0.8 pips. Since all Forex trading fees at IG are made within spreads, there is no commission to be aware of.
In terms of trading platforms, IG gives you two options. If you consider yourself a bit of a novice, then you might be most suited for the native trading platform created by IG. It can be accessed online or through the IG app. Or, if you’re a fan of third-party platforms MT4, it’s fully compatible with IG.
This means you will have access to a lot of technical indicators and the ability to set up an automated forex trading robot. If you want to trade Forex on margin then IGO is worth considering. In fact, only 2% margin is required for the major Forex pairs on the trading platform, which is equivalent to a leverage of 50x.
If you want to get started with IG, the minimum deposit is $ 250. You can choose from a debit card payment or bank transfer. Finally, although IG is an international brokerage firm headquartered in the United Kingdom, it is approved and licensed by all relevant US agencies. For example, Americans can trade Forex on IG in a safe, secure, and heavily regulated environment.
VantageFX is a global CFD broker that offers everything from stocks and forex to commodities, futures and indices. The platform offers leverage up to 500: 1 for major currency pairs, making it one of the best trading platforms for large positions. The minimum contract size for a standard account is only 0.01.
With a standard account, CFD trading on VantageFX is 100% commission-free. The spread starts at 1.4 pips, which is slightly higher than the average. However, there is no deposit, withdrawal or inactivity fee for worrying about your account.
VantageFX only offers ECN accounts with a minimum deposit of $ 500. You can trade with spreads from 0.0 pips and pay a commission of $ 3 per lot.
VantageFX offers its own trading platform for web and iOS and Android mobile devices. It is fairly comprehensive with full screen charts, dozens of technical indicators and non-stop order entries.
Alternatively, this broker gives you access to MetaTrader 4 and MetaTrader 5. You can also take advantage of social business with ZuluTrade, Myfxbook, and DupliTrade. These three platforms enable copy trading.
VantageFX is regulated by the UK FCA and the Australian Securities and Investment Commission (ASIC).
Capital.com is a relatively new trading platform that is making waves in the market. To begin with, the app offers over 3,000 devices, including a variety of stock CFDs. It includes more than 3118 shares and 85 cryptocurrencies, a huge amount, so you can trade with companies from all over the world. It also offers ETFs, indices, commodities and Forex.
This online trading broker is also very cheap, no commission and low spread. Another plus is that Capital.com offers spread betting (only available in the UK) as well as CFDs, which means that anything you earn from spread betting is tax free.
Perhaps the best thing about this stock trading platform is its excellent trading tools and features. It has an innovative AI-powered trading platform with personalized trading insights, technology indicators, analytical tools and advanced charts, and an excellent educational resource, including webinars.
Capital.com is licensed by the FCA, so it is a very secure trading platform. While it doesn’t offer PayPal, it does offer some great alternative payment methods, including Apple Pay, Softort and Trustley.