Best Stock Trading Platforms Of 2020 For Traders
When you are new to stock trading, the best stock trading platform isn’t just a platform to buy and sell stocks. It should be one that can enable you to grow your investment – functioning as your investment analyst, advisor, and teacher.
If you are looking for where to trade, here are the top eight trading platforms of 2020 for investors.
IG offers several trading platforms that you can choose from. These platforms include the MetaTrader platform, the web-based platform, and the L2 Dealer platform, which will give you access to Direct Market and Forex Direx Access.
It also has ProRealTime chats, a charting package that is so advanced and supports about 100 indicators. The IG’s mobile and tablet app, for Android and iOS, will give you access to all trading tools on the go. This makes it to be one of the best stock trading platforms of 2020.
Markets.com is up there as one of the top trading platforms buy being upfront and transparent about their pricing. They don’t offer trading fees or commission, they also have a share dealing option available making it a diverse and attractive platform. On their platform, you’ll find 14 tools for trading, which can help you gain excellent insights about trading. It offers customer support in languages such as Bulgarian, German, Arabic, Italian, Spanish, French, and English.
FXCM is among the top because it offers a range of trading tools such as market scanner, indicators, data signals, customizable chats, and a calendar. If you are new to trading, you can use its demo account to practice in an environment free of risks. It also offers the best forex trading app besides the NinjaTrader, which are both connected to its server.
You’ll love Plus500 because it charges no account and withdrawal fees. However, if you become inactive for three consecutive months, a fee of $10 will be charged per quarter. The platform also charges no commission because the spread includes everything. While it is one of the leading trading platforms for beginners, it doesn’t have a desktop platform.
XM is among the best international trading brokers. It has clients from all over the world, which number more than 3.5 million spread in about 200 countries. Many traders prefer XM because opening a trading account here takes five minutes or fewer. It is a highly regulated site that supports over 20 languages.
FxPro is the best broker for CFD trading. The CFDs traded on this site fall into six classes, including Spot Indices, Forex, Spot Energies, Futures, Shares, and Spot Metals. Though headquartered in London, FxPro serves clients from 170 countries. The site takes commissions on Spot Metal and forex pairs on its cTrader platform. The charges are $45 for every $1 million traded. FxPro has a variety of trading tools, including traders’ dashboards and blogs.
XTB is one of the top online trading sites when it comes to user-friendliness. Opening an account here is easy and fast. You just need to fill the application form online, and as you wait for approval, you’ll be able to access the trading platform.
Immediately your account is approved, you can deposit funds and start trading. If you are new to online trading, you can use their demo account to learn. You’ll be given virtual funds worth $100k, which you can use to practice trading for four weeks.
FOREX.com has many trading platforms that you can choose from. These platforms include their mobile platform, the web platform, MetaTrader4, MetaTrader5, and the Advanced Trading Platform, which is designed for desktop use.
You can carry out trading account comparison and choose the one that fits your investment needs. They also have a charting platform called TradingView.
Wrapping it Up
All the eight platforms above are reliable because they are highly regulated. Whether you want to hold on to particular stocks for long, or you are a short-term investor who wants a more hands-on approach trading actively and managing your money, you’ll find the best international trading platform for you. And it also doesn’t matter whether you are a novel or a hard-core investor.