If you are interested in stock trading to make a living, this post reviews eight online stock market trading platforms for beginners and can be helpful for you.
All these platforms are popular and beginner-friendly, but you will still need some skills to make the financial market industry work. It is both profitable and risky.
I will describe each platform and the requirements to use it, including the initial investment if possible.
I will end this article by recommending the best platforms to use and learning the ins and outs of financial markets from a reliable source.
What Is Stock Trading and How Does It work?
Stock trading automatically implies the stock market, a place where sellers or companies in need of capital and buyers looking for opportunities to make money exchange various money-making opportunities between them.
In the past, stock market transactions were carried out in buildings designed for this purpose, but things have changed; most stock trades are made electronically currently.
We can name among the largest stock markets worldwide: the New York Exchange (NYSE), Nasdaq, Japan Exchange Group, Shangai Stock Exchange, Hong Kong Exchange, Euronet, London Stock Exchange, etc.
As a stock trader, you can execute your trades in the two following ways:
Exchange Floor Trades
A trading floor is a physical location where trading activities such as equities, fixed income, futures, and options occur.
We can take as an example the very popular New York Stock Exchange (NYSE) that I hope you always see in various financial news.
Such activities can also happen within financial companies like hedge funds and investment banks.
Unlike exchange floor trades, electronic trades don’t require your physical presence or that of your broker. You can do all your trading operations online and from many parts of the world.
Thanks to technological advances, E-trading has become popular in the 1990s and, since then, this method has grown so phenomenal that it plays a key role in the trading industry.
The trading platforms I am about to reveal you are all online-based, meaning that you can use them wherever you live in the world.
What Is eToro?
Founded in 2007 and headquartered in Cyprus (a member country of the European Union), eToro is one of the most popular online financial trading and multi-asset broker platforms currently available.
You can use it to trade CFDs, commodities, cryptocurrencies; Exchange Traded Funds (ETF), forex, indices, index-based funds, and even for social trading.
eToro Key Features
This online trading platform features more than 2 000 tradable assets, including the ones mentioned in the previous section.
There are many opportunities for you to make money if you know how to choose the best ones and operate them profitably.
eToro integrates so many features that I will not mention all of them in this review.
I will only mention its demo account to familiarize yourself with this platform by doing fictive trading transactions.
All you need is to open a free eToro account and start using your demo account without paying a penny or making a commitment. You will pass in the real trading more when you feel comfortable and ready.
You will use features such as copy trading, StopLoss, TakeProfit Orders, etc., and tools like financial chart comparison, financial markets analysis, and many more.
Also, this platform is so user-friendly that you can use it as a new or seasoned online trader on almost every piece of advice, including desktops, laptops, and all types of mobile phones.
Requirements To use eToro
eToro operates in over 140 countries and offers a $100,000 demo account, but like any other online trading platform, the owners will charge you the spreads and fees once you start making real trades and withdrawing your earnings.
You can use the link below to open a free account and get started right away. Remember to refer to the opportunity you are interested in to see the associated fees.
Paid Trader Finder Pro
Since 2008, PairTrade Finder allows online traders to make pair trade operations from the comfort of their homes or offices.
Worldwide users of this software have already conducted millions of pair trades transactions worth billions of dollars by doing stock market trading in UK and other countries.
According to the owners, this platform is also easy to learn and use. It also automatically integrates with IQFeed, interactive brokers and offers many other benefits.
However, PairTrade Finder is not available in as many countries as eToro. It is UK-based, and only residents from 33 countries can use it. stock market trading in us
What Can You Trade?
You can access real-time market data and semi-auto trade on 135 exchanges if you opt for this platform. You will, for example, trade CFDs, ETF’s, commodities, forex, futures, options, etc.
Another essential integration of Pair Trade Finder PRO is Yahoo Finance that provides historical data on cryptocurrencies, equities, and forex from many exchanges worldwide.
How To Get Started?
You will first need to download the last version of this software on your device before you start taking advantage of its different features and tools.
The owners will give you a 15-day free trial to see how it works, and you will subscribe for $49.99 per month or pay $499 for a lifetime subscription at the end of this period.
They will also give you a 30-day money-back guarantee.
Robinhood Markets Inc
A Brief Overview
Baiju Bhatt and Vladimir Tenev founded Robinhood Markets Inc as a financial services company in 2013; it is headquartered in Menlo Park, California.
The information collected shows that this online trading platform is one of the pioneers in exchange-traded funds.
Once you become one of many users of Robinhood Markets Inc, you will see many opportunities to invest in, including trading American depositary receipts (ADRs), exchange-traded funds (ETFs), options, and stocks.
It will also allow you to diversify your investment portfolios by investing in cryptocurrencies based on their geographic location.
The owners have invented a fascinating financial system to help people make money without paying commissions and have also managed to create a good source of income stream for themselves.
They also plan to expand their operation in other countries than the United States, especially in Asia and Europe.
Is Robinhood Safe To Use?
This platform can help you make good money if you use it smartly by investing only what you can afford to lose.
Once you get in profits, remember to use the strategy of investing a part of your gains and withdrawing another.
Many people in the US are using this strategy to trade cryptocurrencies and various other opportunities successfully, but once again, be smart enough and avoid investing what you can afford to lose.
This New Zealand-based trading platform was created in 2014 as a foreign exchange broker and online financial technology provider worldwide.
In addition to commodities, CFDs, and forex, you can also use it to trade Fibre optic communications and fintech.
BlackBull Markets will give you the services and tools to help you achieve your goals, but you will still need to know how to use them to your advantage.
If you are new to stock market trading and want to leverage it to make a part or full-time income, it would be better to learn its ins and outs from a proven source.
I will show you a platform you can use to learn how stock markets work, acquire the necessary knowledge to become a seasoned online trader and leverage these opportunities smartly.
Back to this trading software, it can be the best alternative to eToro that we discussed at the beginning of this review.
Its main trading systems are MetaTrader which is the best option for many brokers and traders globally.
It is user-friendly and offers many benefits, including instant execution, interactive charts, and many others.
Another trading system integrated into BlackBull Markets is MetaTrader 5 that offers advanced functionalities than the previous one.
You can open a free account to learn more about this trading Sofware and see if it is for you.
The standard account requires a $200 minimum initial deposit and is commission-free.
You will need at least $2 000 to use the prime account and pay a commission of $3 lot per 100k traded.
Thomas Peterffy founded Interactive Brokers Group, Inc in 1977 and managed to make this company so successful that its current equity capital is more than $9.93 billion.
You can use this company’s trading services in over 135 market destinations globally to trade fixed income, forex, funds, futures, options, and stocks.
The owners will charge you the lowest fees based on the investments in your account instead of the uninvested cash or something else.
If you choose to invest in ETFs portfolios, the issuer will charge you the management fees in addition to the fees and expense ratio.
Requirements To Use Interactive Brokers
You must first open an Interactive Brokers account for your investments and fund it with at least $100.
However, it would be better to have a capital of at least $25,000 if you want to invest in portfolios that trade heavily.
Otherwise, your account will be at risk of being locked under SEC pattern day trading rules. Interactive Brokers will safely keep your assets under your name.
TD Ameritrade is another online trading system with many features, tools and typically targets customers from the United States.
You can also use it from fourteen other countries, including Australia, Canada, China, Germany, Hong Kong, India, South Africa, UK, etc.
After opening an account, you will have many opportunities to make money. The most popular being cryptocurrencies, ETFs, futures, forex, margin trading, mutual funds, options, and stocks.
Existing customers must first apply to the opportunities they want to invest in and wait a few days for approval to start using this system.
If you are a new client, you will first need to open an account and follow the required process to get started.
You will also have the possibility to access many other resources and education designed to help you succeed.
TD Ameritrade Pricing
The cost of using this system will depend on your preferred opportunities. The commissions vary between $0 and $49.99, but the owners may also apply additional small percentage fees.
A Brief Overview
Used by over 32 million customers and with 0$ trades, Fidelity is another online broker and trading platform to consider.
Fidelity Trading provides a wide range of investment opportunities such as mutual funds quotes, penny stocks.
It also offers the following opportunities and services: annuities, cash management, credit cards, health saving accounts, life insurance, retirement, IRAS, etc.
Nowadays, many people like to trade penny stocks, and the best of this platform is that it doesn’t charge additional fees for trading these kinds of opportunities, unlike some of its competitors.
Also, investing in Mutual Funds will enable you to save on costs because there is no minimum deposit, and they are available at a zero expense ratio.
In a few words, this online trading software has the features and tools you need to manage your investment portfolio conveniently.
The Cost To Use Fidelity Trading
To make money, Fidelity charges a $49.95 short-term mutual funds redemption fee.
Other fees you may incur are related to the use of its debit cards that can be up to $1 per transaction and a percentage for managed accounts, etc.
Trading From Zero (For Online Trading Training)
What Is Trading From Zero?
I chose this last platform to show newbies to online trading how to learn this industry and acquire the necessary skills before starting stock market trading in the US or any other country.
Professional traders will use their own real-time accounts to teach you the ins and outs of this industry from the beginning until you become seasoned online traders.
You will get the knowledge and tools you need to start in the financial markets and invest your hard-earned money successfully.
Trading From Zero offers basic and advanced online trading courses as shown hereafter:
This first part of training includes trading courses for beginners to teach you and other students how to invest your money wisely and avoid burning it in useless opportunities.
Through the trading rooms, the professional traders will show you how the financial markets work by dealing with their real money, which is very helpful to learn about this industry.
Concretely, you will:
- Follow online live trading courses provided by professional instructors in the financial market industry.
- Access high-quality recording tutorials at any time of the day and night.
- Ask questions to your instructions and get them answered in no time.
- Get personalized tutorials tailored for all levels and have other essential complementary learning material.
- Take a final evaluation test assessing your skills to check if you are ready for the next step.
- Receive a Certificate of completion at the end of your training.
After completing the first part of your training, you can register for the next course of advanced financial market trading lessons.
In these lessons, you will learn exactly what professional traders do every day to trade successfully.
They will teach you how to interpret various components of financial markets and show you how to operate them profitably.
You will learn various online trading strategies, including intraday, macroeconomic events, swing, and risk management you can apply to minimize the risks of losing your investment.
The next point will provide you with a link to browse the details of the basic and advanced courses and see exactly what you will learn.
- The basic trading course cost $295.
- The price of the advanced training is $3 475, thus a total of $3 770.
You can use the banner below to check the course in detail, register, and get started.
The Final Words
It is the end of this article reviewing eight online stock market trading platforms for beginners who want to enter this industry to earn part or full-time income.
These kinds of opportunities are very profitable if you know how to operate them smartly.
Please be wise because you can lose part or all your investment if you don’t have the necessary knowledge on the ins and outs of financial markets.
I particularly advise you to use eToro or BlackBull Markets online trading software, but you can also opt for any other platform depending on the opportunities you want to target.
Another good piece of advice is to take the time to learn how financial markets work if you are a newbie to this industry instead of being adventurous and risk losing your investment.
Trading From Zero will teach and provide you will the necessary skills and tools for this purpose.
More than 23.000 students are currently following the basic course, and over 3,000 are at the advanced level; they can’t all be wrong.
You can also read another article showing how to make a passive income with stock to complete what you have learned from this review.
Thank you for your time; please leave a comment at the bottom of this page. I will get back to you as soon as I can.