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The Best Trading Platforms for Beginners

The Best Trading Platforms for Beginners

While choosing a good trading platform, you should look at a few things that it offers. First, a trading platform should be easy to use. Moreover, it should have various useful educational materials to enhance learning. Lastly, the platform should allow you to access quality stock market research.

When you are choosing a trading platform for yourself, you should remain cautious. This is because it is the major connecting bridge between you and your financial market. Thus, you should always find a platform that meets all your needs.

Read this article to find out about some of the best trading platforms for beginners.

eToro

The first platform on our list is eToro. It was founded in 2007 and is considered an extremely safe trader platform. This is because it is run in two tier-1 jurisdictions and one tier-2 jurisdiction.

eToro is an easy-to-use web trading platform and app. This allows traders to easily carry out their work without having any issues. This makes it easier for beginners to complete their tasks.

It allows you to easily carry out tasks such as creating new watchlists, searching the market, and adding new instruments. Also, directly placing an order from the watchlists.

A fascinating tool that is included in eToro is copyPortfolios. This groups all traders in a single fund so that they can copy trade. Traders who are self-directed can use this feature to their advantage. They can diversify their trading by using the feature and helping other traders on eToro.

The platform also provides users with educational blogs. These can help them learn various things about the market and the research.

Capital.com

Capital.com was founded in 2016. The main aim of this platform was to bring A. I trading into the market. The platform also has both a CySec and FCA license. This proves that this trading platform is safe to use and is not a scam.

The platform operates ethically and fairly. We can say this because their customer support departments do not give any financial advice or pressure the clients to grow. However, they still help existing clients by providing additional information and new clients by answering their queries.

They also have a mobile application. The application is easy to use and can be used smoothly by users making it convenient for them. Thus, it is a good option for beginners.

Capital.com also has a few charges that include overnight fees, etc. However, they do not charge any withdrawal, deposit, and in or out commissions.

Their easy-to-use interface and a low fee is an amazing option for beginners. They provide beginners with all they require and allow them to continue trading with ease.

Robinhood

The next trading platform on our list is Robinhood. This is yet another free trading platform that makes work easy for beginners. The platform gives traders an opportunity to exchange traded funds, stocks, cryptocurrency, etc.

In the beginning, they were the only platform that offered free trades. However, now various other platforms do the same. In addition, Robinhood now also allows traders to invest and purchase fractional shares of stocks.

As Robinhood does not have an account minimum, it allows traders to start with their work right away without waiting. The platform also gives you the opportunity of cash management. They also provide you a debit card and cash withdrawals from more than 75,000 ATMs.

It also allows traders to buy cryptocurrency in their stock trading account. This is completely free for traders, unlike other cryptocurrency trading platforms- that charge high fees for this purpose.

The platform also allows traders to trade using borrowed money. This is known as Robinhood Gold. A monthly fee of $5 is deducted monthly for this feature. Robinhood is an excellent choice for beginners as it provides them with various features and opportunities that can help them.

Libertex

Libertex was founded in 1996. It allows forex trading, cryptocurrency trading, indices trading, stocks trading, etc. A minimum deposit of $100 is required to work on Libertex. Beginners can use a demo account to understand how Libertex works.

Libertex has a strong check on it; thus, it is safe to say it is not a scam. It is checked for ethics and fair behavior by the Cyprus Securities and Exchange Commission. You can easily send a withdrawal request to them. They have to make sure they do not violate any rules because, as a result, their status can be taken away.

The withdrawal fees on this platform vary. Also, they do not charge any fees for inactive accounts, and it does not charge any deposit fees. Furthermore, Libertex is an easy-to-use web platform.

It can be operated in more than ten languages, allowing a diverse range of traders to do their work. To work on this platform, you do not need software and can easily work directly through a browser

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