Who doesn’t want to buy shares of stocks like Tesla (TSLA) or Apple (AAPL), or at least fantasize about it?
Many of you have already thought more than once about this possibility, or started trading with a trading platform which does not fit your appetite for investments. And it is only natural if now you are looking for the best online trading platforms to start your new trading journey.
And yet, we must face many challenges before finding the best online trading platform to trade stocks, forex pairs or whatever we think may fit our financial strategy for the future.
But first thing first, let’s focus immediately on our investment security from scams and frauds before digging in search of the best online trading platforms on the market.
How To Recognize The Most Reliable Online Trading Platforms Worldwide?
The rising interest towards online trading in financial markets such as in the stock and forex markets went together with the surge of many scams and fraudulent broker services. Which means that, before making any decision regarding a new trading platform to use for making new investments, we must do our own research and check the regulations behind our future best online trading platforms.
Between the top regulators around the world we remember:
- ASIC – Australian Securities and Investments Commission (Australia)
- FMA – Financial Market Authority (Austria)
- FSMA – Financial Services and Markets Authority (Belgium)
- BACEN – Banco Central do Brasil (Brazil)
- IIROC -Investment Industry Regulatory Organization of Canada (Canada)
- SFC – Hong Kong Securities and Futures Commission (Hong Kong)
- CySEC – Cyprus Securities and Exchange Commission (Cyprus)
- ESMA – European Securities and Markets Authority (European Union)
- CIMA – Cayman Islands Monetary Authority (Cayman Islands)
- SFSA – Seychelles Financial Services Authority (Seychelles)
- FCA – Financial Conduct Authority (United Kingdom)
- PRA – Prudential Regulation Authority (United Kingdom)
- GFSC – Gibraltar Financial Services Commission (Gibraltar)
- JFSA – Financial Services Agency (Japan)
- SEBI – Securities and Exchange Board of India (India)
- NFA – National Futures Association (United States of America of America)
- SEC – Securities & Exchange Commission (United States of America of America)
- FinCEN – Financial Crimes Enforcement Network (United States of America of America)
That being said, if you think that a non-regulated trading platform would be a good idea for your investment, maybe because they offer better fees, you are wrong.
Best Online Trading Platforms For 2021
While aware of the primary importance of platform regulation, we also have to consider many other aspects in order to discover the best online trading platforms available today. Features such as low fees, demo accounts, scanning tools and charts for example are essentials for every future trader wannabe.
To sum-up the best trading platforms with the best offer for every trader out there, we decided to make a list of the best online trading platforms for 2021.
eToro
With a huge popularity all across the world and an innovative way of re-thinking online trading through social trading, eToro is a true rockstar in the retail brokerage world.
Since their inception in 2007, this broker reached 20 million users this year and reached the top spots as the first brokerage service in many countries, especially in Europe. Their trading platform is not only innovative and constantly upgraded, but also the best choice if you are new in this financial world thanks to the exclusive features included in their service.
Among the most important ones we should mention their copy trading option, which made it possible for beginners to gain from other traders’ activities by copying their portfolios and starting automated trading.
BASIC INFO:
- Regulated by: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC
- Trading Platforms Available:Proprietary Web Platform
- Leverage: yes
- Minimum Deposit Required:$200
FP Markets
FP Markets is an optimal choice for those who aim for a platform empowered by automated trading tools and an easy way to enhance their trading strategy through a large use of EAs in MetaTrader4 and MetaTrader5.
For those who do not know, EA stands for Expert Advisors, programs which run on MetaTrader platforms and are used to monitor and trade financial markets thanks to the use of algorithms. Once you have learnt how to use it, you will be able to set parameters according to your trading strategy in order to open and close positions as you like. That includes conditions such as stop loss, trailing stops and limits.
On top of that, FP Markets gives you also access to high-quality free trading signals, which are an essential weapon for those traders in need of new ideas, interpretation and guidance as the markets open. Thanks to it, you will have better opportunities while trading in different markets and assets, including forex, indices, commodities and stocks.
BASIC INFO
- Regulated by: ASIC, CySEC, FSA (St Vincent & The Grenadines)
- Trading Platforms Available: MT4 Desktop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms
- Leverage: yes
- Minimum Deposit Required:$100
AvaTrade
Many of you may already know AvaTrade because of their important sponsorships, especially if you are fond of soccer (Atletico Madrid anyone?), but the others may remember AvaTrade’s name for the quality of their service as a broker.
In fact, AvaTrade is one of the best options ever if you want a vast selection of trading platforms alongside with a strong educational content for both beginners and advanced traders.
Regulated worldwide from some of the top tier regulators on the market, they give you the possibility of trading in hundreds of CFDs assets, 55 forex pairs and even cryptocurrencies. Plus, they have different kindsof trading accounts depending on your needs, including a spread betting account for those who are interested in that kind of trading strategy.
BASIC INFO
- Regulated by: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British)
- Trading Platforms Available: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms
- Leverage: yes
- Minimum Deposit Required:$100
and then