Are searching for online trading platforms that you would love to invest in? Well, you don’t have to search any further because this article gets you covered. With so many types of online trading platforms that are available to investors, it can be hard to choose the one that will work best for you.
That is why we have put together different online brokers through a comprehensive review process that included hands-on research to determine the best.
Online Trading Platforms
The online trading platform is the most secure way to trade and it is very simple and easy as well. It is a program that allows investors and traders to position trades through financial brokers and track accounts. It also comes bundled with other services such as quotes in the real-time, news feed, premium analysis, and charting software.
Best Online Trading Platforms
The best online trading platforms offer advanced features, fast execution, a large selection of research, and a robust mobile app for trading on the go, and low costs. Here are some lists of best online trading platforms:
TD Ameritrade
The TD Ameritrade is the best overall online trading platform for beginners. It delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-around experience makes TD Ameritrade the top overall broker in 2021.
Pros
- Excellent education for beginners.
- Thinkorswim platform suite is the top desktop platform for 2021.
- Futures and forex trading are available.
Cons
- $6.95 fee per trade for penny stocks.
- No access to international stock markets.
Fidelity
The Fidelity online trading platform is the best for everyday investors. Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Fidelity is a winner for everyday investors because it serves over 32 million customers.
Pros
- Excellent mobile app for investors.
- Top pick for order execution and no payment for order flow (PFOF).
Cons
- Fidelity’s margin rates can be higher than peers.
- No custom screening on mobile.
- Banking services are offered through a third party.
Charles Schwab
The Charles Schwab online trading platform is the best IRA accounts; it has more than $6 trillion in its client assets. Charles Schwab’s trading platform understands how to continually deliver value to its customers. The highlights entail $0 trades, excellent stock research industry offering of financial planning services, and a diverse selection of trading tools.
Pros
- The top pick for market and research.
- Fractional shares are available.
- Multiple financial planning services.
Cons
- The mobile app lacks streaming quotes, alerts, and also option chains.
Interactive Brokers
Interactive broker’s online trading platforms are the best for professionals because of the institutional-grade desktop trading platform and rock bottom margin rates it has. It also appeals to casual investors with $0 trades and its user-friendly web platform.
Pros
- A web-based client portal is great for casual investors.
- Offers access to global markets.
- Robust mobile app.
Cons
- TWS desktop platform best suited for professionals, not beginners.
E*Trade
E*Trade online trading platform is the best web trading platform that is great for beginners, active trading, and options trading. E*Trade online trading platform offers a sleek design and a diverse selection of trading tools. The platform innovates and delivers speed, ease of use, and the tools needed for traders to succeed.
Pros
- Excellent web and mobile platforms.
- Top picks for options trading.
Cons
- $1,000 minimum for streaming data.
- The range of educational materials is limited compared to peers.
