If you want to become successful at trading stocks, crypto, or other traded assets, you have to pick the right trading platform to do so. Your trading platform allows you to securely access many different markets, monitor your trading activity, and access trading tools. Therefore, the trading platform you pick can make or break your trades.
This piece will help you pick the right trading platform by looking at some of the best in 2022. So, on that note, put your broker’s hat on and keep reading to learn more.
eToro is one of the most popular trading platforms in 2022. This might be because it’s a simple and intuitive platform to use and offers trading options on a variety of assets. Making it suitable for seasoned and amateur traders.
Setting an account on the platform is easy and only takes a $10 deposit to get started. The trading options include stocks, ETFs, and cryptocurrencies. In addition, trades are available domestically and internationally in markets such as Hong Kong, Germany, London, and Nairobi. Finally, the platform does not charge a commission on purchases or sales of assets.
2. IG Markets
IG Markets is a multi-asset trading platform that is also publicly traded. It is present in six tier 1 trading jurisdictions, making it one of the best and safest forex and CFDs trading platforms. It also has excellent trading packages and research tools to help you navigate the numerous markets it offers.
The platform also recently acquired Tastytrade, which introduced options trading along with list derivatives in the US market. However, the platform lacks some predefined layouts, and you need the technical knowledge to do it manually. It can also be costly, with initial deposits as high as $300. Other than that, IG Markets is an excellent trading platform.
Plus500 is another platform that offers access to shares and CDFs trading. It’s a simplified trading platform excellent for beginners, but its limited markets and educational materials tend to put off seasoned traders. However, it’s still part of the FTSE 250 Index and a superb place to sharpen your trading skills.
It is present in three tier 1 jurisdictions, making it a safe platform to conduct your trading online. In addition, it also provides cash rebates to its professional account holders with active trades. However, as mentioned, it lacks content and consistent market analysis updates.
Forex.com is a trading platform that offers its traders access to an array of forexes and CFDs. It has an impressive suite of AI-based research tools and access to MetaTrader to assist you in trading. However, if you’re starting on the platform, it’s good to note that it’s not a discount broker until you’re trading a large enough volume.
Nonetheless, the platform is user-friendly enough to attract both seasons and amateur traders. In addition, it now offers free analytics on chasing returns performance to its traders.
Getting into trading can be an exciting and intimidating time. On the one hand, it offers an opportunity to experience exponential growth, while on the other can be very risky and lead to the loss of a lot of capital. But regardless if you’re seasoned or new to the industry, picking the best platforms to trade on will significantly impact your success.
So with this article, we hope you’re in a better position to make that decision and succeed at your trading. Click here to see the best trading platforms if you’d like more information on the topic.