Last Updated on January 24, 2023 by Emmanuel
Investing in the stock market for the first time can overwhelm newbies due to the many options offered by these risky money-making opportunities.
The good news is that this industry now has several online trading platforms that make it more straightforward and accessible.
This article will discuss eight online stock market trading platforms perfect for beginner investors.
What is stock trading, and how does it work?
Stock trading involves buying and selling shares of publicly traded companies by investors who typically do it in two 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.
You can perform electronic trades online because they don’t require your physical presence or your broker’s.
This type of trading has become popular since the 1990s due to technology and now plays a primary role in the trading industry.
The most popular trading platforms
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.
The requirements for using 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.
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Paid Trader Finder Pro
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.
What can you trade with Paid Trader Finder Pro?
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.
This online trading software costs $49.99 per month or $499 for a lifetime, and the owners offer a 30-day money-back guarantee.
Robinhood Markets Inc
Baiju Bhatt and Vladimir Tenev founded Robinhood Markets Inc as a financial services company in 2013; it is headquartered in Menlo Park, California.
This platform’s investment opportunities include trading American depositary receipts (ADRs), exchange-traded funds (ETFs), options, and stocks.
You can also diversify your investment portfolios by investing in cryptocurrencies based on their geographic location and making money without paying commissions.
However, Robinhood Markets Inc. is only available in the United States, but the owners plan to expand 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 some 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.
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 must have the skills 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.
The standard account requires a $200 minimum initial deposit and is commission-free.
Besides, 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 this platform now has an equity capital of over $9.93 billion, making it one of the tops in the industry.
Interactive Brokers Group, Inc.’s trading services are available in over 135 market destinations enabling people to trade fixed-income, forex, funds, futures, options, and stocks.
They will charge you the lowest fees based on your account’s investments, and all prices are transparent.
The 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 $25,000 if you want to invest in portfolios that trade heavily.
Otherwise, your account will risk being locked under SEC pattern day trading rules. Interactive Brokers will safely keep your assets under your name.
TD Ameritrade is another online trading system with many features and tools and typically targets customers from the United States.
You can also use it from fourteen other countries, including Australia, Canada, China, Germany, Hong Kong, India, South Africa, the UK, etc.
After opening an account, you will have many opportunities to make money.
Cryptocurrencies, ETFs, futures, forex, margin trading, mutual funds, options, and stocks are the most popular.
Existing customers must apply for the opportunities they want to invest in and wait a few days for approval to use this system.
If you are a new client, you must first open an account and follow the required process.
You will also be able to access many other resources and education designed to help you succeed.
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Used by over 32 million customers and with 0$ 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.
Fidelity Trading Pricing
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)
Trading From Zero teaches the stock market trading industry from the beginning until you become a seasoned online trader.
The primary lessons teach learners how to invest their money wisely by avoiding burning it in useless opportunities.
Professional traders will show you how the financial markets work through the trading rooms.
You will learn the following:
- 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.
- Become a certified trainer at the end of the training.
The skills required to earn money on Fiverr may also interest you.
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 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, and swing.
Additionally, they will teach you risk management to minimize the risks of losing your investment.
The introductory trading course costs $295, while the advanced training costs $3 475.
Another alternative is learning affiliate marketing which teaches how to make money online by promoting your products or those belonging to merchants.
We have reviewed these eight online stock market trading platforms to help you choose the most suitable for your online trading needs.
However, these opportunities may require significant investment to make the most of them while being risky.
Learn first the industry’s ins and outs before adventuring into it, and start with the money you can afford to lose if things go wrong.
Besides, we have provided you with a reliable source to learn affiliate marketing; the last choice is yours.
4 thoughts on “8 Online Stock Market Trading Platforms For Beginners”
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.
Thank you, Alicia, for your comment.
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.
Thank you, Chase, for your comment.