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8 Online Stock Market Trading Platforms For Beginners

Last Updated on November 2, 2022 by Emmanuel

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.

These platforms are popular and beginner-friendly, but you will still need skills to work in the financial market industry. It is both profitable and risky.

We will describe each platform and its requirements, including the initial investment, if possible.

This article will end by recommending the best platforms 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, where sellers or companies need capital.

And buyers looking for opportunities to make money exchange 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 currently made electronically.

We can name the largest stock markets worldwide: the New York Exchange (NYSE), Nasdaq, and Japan Exchange Group.

Others are 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 the very popular New York Stock Exchange (NYSE), which I hope you always see in various financial news.

Such activities can also happen within financial companies like hedge funds and investment banks.

Electronic Trades

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.

Since then, this method has grown so phenomenal that it plays a crucial role in the trading industry.

The trading platforms I am about to reveal to you are all online-based, meaning you can use them wherever you live.

eToro

What Is eToro?

Established in 2007 and headquartered in Cyprus (a member European Union), eToro is one of the most popular online financial trading and multi-asset broker platforms.

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.

We will only mention its demo account to familiarize yourself with this platform by doing fictive trading transactions.

A free eToro account is a requirement to start using your demo account without paying a penny or making a commitment.

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, you can use this platform on any device, whatever your training level, because it is user-friendly.

8 Online Stock Market Trading Platforms For Beginners

Requirements To use eToro

eToro operates in over 140 countries and offers a $100,000 demo account.

The owners will charge you the spreads and fees once you start making trades and withdrawing your earnings.

You can open a free account and get started with the link below. Remember to refer to the opportunity you are interested in to see the associated fees. 

Since 2008, PairTrade Finder has allowed 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 trade transactions worth billions of dollars by trading stock in the UK and other countries.

According to the owners, this platform is also easy to learn and use.

It also automatically integrates with IQFeed, and 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 the US.

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What Can You Trade?

If you opt for this platform, you can access real-time market data and semi-auto trade on 135 exchanges.

You will, for example, trade CFDs, ETFs, commodities, forex, futures, options, etc.

Another essential integration of Pair Trade Finder PRO is Yahoo Finance which 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 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.

8 Online Stock Market Trading Platforms For Beginners

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.

Robinhood Markets Inc offers many investment opportunities, 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 a fascinating financial system to help people make money without paying commissions.

In addition, they have created a good source of income stream for themselves.

And they 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 invest a part of your gains and withdraw 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. 

BlackBull Markets

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.

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.

As we discussed at the beginning of this review, trading software can be the best alternative to eToro.

Its primary trading systems are MetaTrader, the best option for many brokers and traders globally.

It is user-friendly and offers many benefits, including instant execution, interactive charts, etc.

Another trading system integrated into BlackBull Markets is MetaTrader 5, which offers more 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.  

8 Online Stock Market Trading Platforms For Beginners

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. 

Interactive Brokers

Thomas Peterffy founded Interactive Brokers Group, Inc in 1977 and made this company successful with an equity capital of over $9.93 billion.

You can use this company’s trading services globally in over 135 market destinations 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 invest in ETF portfolios, the issuer will charge you the management fees and the costs and expense ratio.

Requirements To Use Interactive Brokers

You must 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 risk being locked under SEC pattern day trading rules. Interactive Brokers will safely keep your assets under your name. 

TD Ameritrade 

TD Ameritrade is another online trading system with many features and 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, the UK, etc.

After opening an account, you will have many opportunities to make money.

Cryptocurrencies, ETFs, futures, forex, margin trading, mutual funds, options, and stocks are the most popular.

Existing customers must apply for the opportunities they want to invest in and wait a few days for approval to use this system.

If you are a new client, you must first open an account and follow the required process.

You will also be able 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.

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8 Online Stock Market Trading Platforms For Beginners

Fidelity Trading

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 many investment opportunities, such as mutual fund quotes and penny stocks.

It also offers opportunities and services: annuities, cash management, credit cards, health saving accounts, life insurance, retirement, IRAS, etc.

Unlike competitors, this platform doesn’t charge additional fees for trading these opportunities.

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 of Using Fidelity Trading 

Fidelity charges a $49.95 short-term mutual funds redemption fee to make money.

Other fees you may incur are related to using its debit cards which 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?

This platform shows how to learn this industry and gain the required skills before starting stock market trading.

Professional traders will use their real-time accounts to teach you the ins and outs of this industry from the beginning until you become a seasoned online trader.

You will get the knowledge and tools to start in the financial markets and invest your hard-earned money successfully. 

8 Online Stock Market Trading Platforms For Beginners

Trading From Zero offers basic and advanced online trading courses as shown hereafter:

Basic Lessons

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, professional traders will show you how the financial markets work by dealing with their real money, which is very helpful for learning 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 to all levels and 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.

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Advanced Lessons

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 daily 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 Cost

  • The introductory trading course costs $295.
  • Advanced training costs $3 475, thus a total of $3 770.

You can use the banner below to check the course in detail, register, and get started. 

Who is the No one broker?

Many online traders say the best stock brokers to pick from one to use in the United S states are eToro, Fidelity, Interactive Brokers, and Zacks Trade, but there are also many others.

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 opportunities are very profitable if you know how to operate them smartly.

Please be wise because you can lose part or all of your investment if you don’t know the ins and outs of financial markets.

Use eToro or BlackBull Markets online trading software, but you can also opt for any other platform depending on your target opportunities.

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 risking losing your investment.

Trading From Zero will teach you the necessary skills and tools.

More than 23.000 students are currently following the introductory course, and over 3,000 are at the advanced level; they can’t all be wrong.

Thank you for your time; please comment at the bottom of this page.

I will get back to you quickly.

4 thoughts on “8 Online Stock Market Trading Platforms For Beginners”

  1. I’m very partial to Robinhood, although I admit you can’t really research the platform. Instead, I go to Yahoo! Finance or use TD Ameritrade’s charts. Then I go back to Robinhood to buy and sell my stocks, as it’s so user-friendly. I’ll have to check out some of the other platforms you mentioned in this article.

    Reply
  2. Thank you for the breakdown of the best trading platforms for beginners. I have personally used some of the platforms you have mentioned, such as TD Ameritrade and Fidelity.

    I also like that you have reviewed and recommend an online trading learning platform to help those that want to enter this industry acquire the necessary knowledge about it. 

    Reply

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