What Are the Most Trusted Online Trading Brokers

Personal_Finance / Learn to Trade Dec 09, 2020 - 03:44 PM GMT

The emergence of high-speed internet connection paved the way for several day-to-day activities to be done completely online. For instance, more and more people now prefer shopping online and have the products that they ordered delivered right in front of their doorsteps because it is just more convenient to do so.

In the same manner, more and more investors are now leveraging online trading brokers because it provides them with the opportunity to invest and grow their money anywhere they are. This article lists down the most trusted online trading brokers for you to consider.

Exness

One of the most trusted online trading brokers that you need to look into is Exness. It is a company founded in 2008, and from its inception, it already has over 325 billion trading volume. Since it is based in the United Kingdom, Cyprus, and Seychelles, the company is regulated by the Financial Conduct Authority (FCA), as well as the Financial Services Authority (FSA).

The great thing about Exness is that they also offer their services to international clients. However, you should exert the extra effort to research this company more to know whether this is the best online trading broker for you. As you explore various online sources, you may come across the Trusted Broker Reviews site, where you will be able to find this Exness ratings and reviews that are honest and credible. You may find that Exness is rated with five stars because the company adheres to the regulation and safety of their customers, and their trading offers and conditions are reasonable.

E*TRADE

E*TRADE is one of the first online brokerages in the United States, but the company was founded in 1982. It is considered the best web platform because of its options trading. It also provides trading tools that are intuitive and easy-to-use. Even the mobile apps of E*TRADE has the full features offered in its web application.

Another great thing about E*TRADE is that it requires no minimum deposit, which means that you can leverage the platform even if you don’t have thousands of dollars to invest. It also has excellent customer support as well as access to extensive research. It also offers commission-free stock, options, as well as ETF trades.

TD Ameritrade

TD Ameritrade is a trading platform that is most suitable for beginners or new investors. The reason behind this is that it has the largest selection of educational materials that beginners can use to expand their knowledge in investing in the stock market. The best thing about this is that the learning process is gamified, making it easier for investors to learn and track their progress as they go.

Apart from robust research, it also boasts of outstanding trader tools with a modern feel, as well as a mobile app that is beneficial for active traders. It is also one of the trading platforms that users can access from different social media platforms such as Twitter or Facebook. The great part is that you don’t have to make any minimum deposit to be able to open an account and explore the platform.

Merrill Edge

Merrill Edge is a trading platform that is backed by the Bank of America. It is the best online trading platform when it comes to rewards programs. It also offers excellent environmental, social, and governance (ESG) research, making the process of conducting market research more seamless and insightful. It also has excellent customer service that boasts of consistently delivered agent times, which are under a minute. Like with the other online trading brokers listed above, Merrill Edge also requires no minimum deposit.

Fidelity

Fidelity offers an excellent mobile app that is great for the use of everyday investors. It also provides a wide variety of trading tools that are intuitive and easy-to-use. For this reason, it is also a great online trading broker for those who are just beginning their journey in investing. Apart from this, it also offers excellent research tools, including an education center that is meticulously crafted for the use of various investors conducting investment research.

It may primarily be known for its retirement accounts, but if you are a trader, then you should not fail to notice its zero-dollar trade commissions, as well as the vast investment options it provides. This makes it a strong trading platform with an expense-ratio free index fund. The best thing about this platform is that it also has excellent customer service.

The online trading brokers listed above are only some of the best ones that you can consider engaging with. For sure, you will be able to find more trading brokers out there that you can leverage in trading and investing. The key is in ensuring that you only engage with reputable and reliable online trading brokers for the safety of your personal information and the security of your investment.

By Steve Barker

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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