What Are the Best Shares Trading Platforms for Beginners?
Start writing a post
Adulting

What Are the Best Shares Trading Platforms for Beginners?

Although there are many share platforms, you want to choose one that offers essential trading tools.

52577
What Are the Best Shares Trading Platforms for Beginners?

Getting started as a new investor in the trading market can be overwhelming. The significant risk involved and the complicated financial terms used in trading platforms may be hard to understand. So, it is essential to choose a user-friendly platform that will help you start on the right foot.

The platforms are not equal, and you may find more satisfaction with one than the other, so pick a platform that best meets your needs. A platform with educational materials will be an excellent choice, especially in your early days of trading.

Some of the factors you should consider when choosing a trading platform are as follows:

  • Reliability
  • Licensing by relevant bodies
  • Trading conditions
  • Funds safety
  • Customer service

To help you make the right choice as an investor, check out the best brokers to open a share trading account with as a beginner.

RoboMarkets

If you are looking for a platform with the most favorable trading conditions, then joining RoboMarkets is the best decision you can make. It is licensed and regulated by CySEC, so you don’t have to worry about the safety of your funds.

The platform offers traders more than 12,000 instruments and eight financial assets for trade, a wide range of stock assets compared to other sites. And, it has valuable educational materials to help you along your trading journey.

You will also have access to globally recognized trading platforms such as Meta Trader 4 and MetaTrader 5 in addition to their RoboMarkets terminal and R Stocks Trader. Plus, you can open a demo account to test your skills before risking your funds in a real trading account.

Some commission-free-based accounts you can try are ProCent, Pro, ECN, Prime, and R StocksTrader. Another advantage you get from trading with RoboMarkets is there are no fees charged for deposits, whether you are using PayPal, Web Money, Skrill, or any other popular payment method. However, withdrawals incur fees, but the company offers free retreats every month on the first and third Tuesday. You can take advantage of the promotion to save on costs

They also have customer care representatives on standby via email, phone, and live chat to respond to your queries.

Fidelity

Fidelity is one of the most preferred platforms for beginners due to its user-friendliness. It organizes content by experience level content type and categorizes related information, making it easier for a beginner to find information on the platform. There is also plenty of educational material such as videos, articles, and webinars for customers’ use.

Your trades are commission fee-free, and there’s no account fee to affect your returns on capital invested. It eliminated most fees charged by trading platforms such as transfer fees, domestic wire fees, check fees, and account closure fees.

Fidelity is the best platform for you if you are looking for a long-term investment to sort you in your golden days because it offers annuities and retirement plans to its investors.

TD Ameritrade

TD Ameritrade is a resourceful platform that uses your trading history and holdings to personalize your learning experience. The training is best for beginners and experienced traders as they offer basic training to advanced levels. Before committing your funds to real trading, you can use paper trade to perfect your skills and knowledge to avoid losses.

You also enjoy trading commission-free with no limit on your account balance. Further, investors rank their mobile trading app with high regard; it is easy to use and is available on Android, IOS, and Windows phones, making it easy for you as an investor to stream and invest funds at the comfort of your home.

man in gray hoodie holding black smartphone


Robinhood

Robinhood was the first platform to offer commission-free trading to its investors. In fact, other sites had to follow suit to remain relevant in the industry. If you only have a limited amount to trade, you can get an account on this site and trade with what you can afford as there is no minimum balance required.

Moreover, the site offers one of the fast mobile trading apps that is simple to use. They are easy to navigate and have all the features that a daily investor may need. Especially in stock trading, the app has functionality such as stock quotes, news, and simple watch lists, making it resourceful when placing trades.

E*TRADE

The trading platform is one of the best for beginners and advanced traders. It provides trading knowledge through a portal with overviews, videos and articles with a related topic, giving the trader a better understanding of the current market. You will have access to two trading sites, a wide range of investments options and an easy to use mobile app. It offers two mobile apps that let you manage your account from anywhere in the world.

E*TRADE is also a $0 commission based on stock trading, and they have no limit on the number of shares traded, which means you will get maximum profit from using this platform. Along with this advantage, you will also get to test your strategies through paper trading to ensure you have the skills to succeed.

turned-on MacBook Pro


Webull

Lastly, Webull has the best trading features that will benefit you as a starter. It provides powerful learning materials for deep analysis of trading patterns that help you develop the best strategies. Like most platforms, it charges no commissions on stock trades and has no minimum account balance that you have to maintain. The platform also provides access to your account either on a tablet, desktop, or smartphone.

Conclusion

Finding a suitable and reliable platform can be time-consuming for a trader. You have to research until you get an ideal platform to maximize your profit. However, low funds should never be a determining factor when choosing a trading platform; begin by finding out the safety of your funds by confirming if relevant governing bodies license the platform.

If you are ready to start shares trading, pick any of these top platforms for stress-free tradings as you pursue your financial goals.

Report this Content
Featured

An Open Letter To The Younger Muslim Generation

Fight back with dialogue and education.

174

Dear Muslim Kids,

Keep Reading... Show less
Featured

The Mystery Of The Gospel

Also entitled, "The Day I Stopped Believing In God"

2455

I had just walked across the street from the soccer field back to the school. I turned around and saw the cars rushing, passing each other, going fast over the crosswalk where I had been moments earlier. “It would be so easy to jump in front of one of them,” I thought, looking at the cars. “I could jump, and this life that I’m stuck in would be over.”

Keep Reading... Show less
Featured

College as Told by The Lord of the Rings Memes

One does not simply pass this article.

6707
Zastavki

College as told by the Lord of the Rings and The Hobbit memes. Everyone will be Tolkien about it.

Keep Reading... Show less
Featured

A Tribute To The Lonely Hispanic

In honor of Hispanic Heritage Month, I’d like to share a few thoughts about being Hispanic in a country where it’s hard to be Hispanic.

6707
Veronika Maldonado

Just a little background information; my dad was born in Mexico, came to the U.S. as a newborn and became a citizen when he was 25 years old. My mom was born and raised in the U.S. as were my grandparents and great grandparents, but my great-great grandparents did migrate here from Mexico. I am proud to classify myself as Hispanic but there are times when I feel like I’m living a double life and I don’t fit into either one.

Keep Reading... Show less
Featured

Dear College Football

It's not you, it's me.

5013
google

Dear College Football,

Keep Reading... Show less

Subscribe to Our Newsletter

Facebook Comments