Online trading is a risky field to step into, but it is one of the most fruitful ones too. The world of investment has never been kind. However, if you can set your feet firmly in this industry, you have an endless array of opportunities that can change your life. Online trading has gathered a lot of attention lately, and people have started using different online trading platforms to get themselves registered. Thanks to the digital advancements, we have some of the best and most efficient online trading platforms that offer outstanding value to investors for their incredible portfolios. Therefore, if you are in search of the best ones, we have listed the top 5 online trading platforms that are highly reliable and trustworthy.
TD Ameritrade has been listed as the top and number 1 broker in the world of investment. It is one of the most trustworthy online trading platforms and has a lot of potentials. The best part about this platform is that it has fantastic resources for beginners and provides professionals with a separate line of trading too. This means that this podium welcomes expertise and beginners and provides them with their paths and resources. TD Ameritrade is currently offering a 60-day free commission-free equity. You also get a $3000 deposit with this offer and open option trades too. Nothing can be better than this for the newbies.
Robinhood is the best online trading platform for beginners. Professional traders won’t be happy with this podium but for newbies, starting with Robinhood is the best choice to make. You begin your journey with the least risk and no trading fees either. You buy and sell trading options without having to risk anything, which makes it great for beginners to gather an enjoyable learning experience. You won’t be provided with tools or resources, but if you know about the online trades, then you can manage the platform well.
If you are an expert, then Trade Station is one of the best and most professional online trading platforms for you. Trade Station has held onto the basic principles of online trading, which have helped them in maintaining their execution speed impeccably well. You are charged $5 per trade and 0.50 cents per each contract. The high volume traders would be charged up till $1 per contract. This is not an excellent platform for beginners and intermediate traders as you need the experience to work with TradeStation.
If you are looking for an online trading platform that offers you low costs and no minimums, then Ally Invest is the answer. They are famous for their low-fee brokerage line up. Furthermore, they are user-friendly as their policies and trading system is easy to understand. They have an ongoing promotion which offers you to get up to $3500, depending on the amount of your deposit. From valuable charts to analytics, Ally Invest has a lot to offer.
Light Speed focuses on active and well-experienced and professional traders. They charge nothing for online trades. However, $0.60 is charged per contact. Depending on your trading volume, Light Speed offers discounts as well. From amazingly well-integrated execution plans to charts and analysis; this platform has everything that a well-experienced trader might demand. You also get customized layouts which make the trade even better. Light Speed is not at all suitable for beginners as it has tools which are best for experts.
That is it! These are the top 5 online trading platforms which are extremely popular at the moment. TD Ameritrade is the best right now as it offers a beautiful combination of resources and tools for beginners and experts both. However, if you want specific websites that carter with professionals and newbies individually, then we have summed up those for you as well. Make sure that you are educated about the filed before you step into it as it involves a lot of risk management.
Best of luck!