Online trading

Best Online Trading Platforms – Tribune Online

Who doesn’t want to buy stocks like Tesla (TSLA) or Apple (AAPL), or at least fantasize about it?

Many of you have already thought about this possibility more than once, or started trading with a trading platform that does not match your investment appetite. And it’s only natural if now you’re looking for the best online trading platforms to start your new business journey.

And even, we face many challenges before finding the best online trading platform to trade stocks, currency pairs or whatever we think is suitable for our financial strategy going forward.

But first, let’s immediately focus on keeping our investments safe from scams and fraud before we dig in for the best online trading platforms out there.

How to recognize the most reliable online trading platforms in the world?

The growing interest in online trading in financial markets, such as stock and forex markets, has been accompanied by the rise of scams and fraudulent brokerage services. Which means that before making any decision about a new trading platform to use for making new investments, we need to do our own research and check the regulations behind our future best online trading platforms.

Among the main regulators of the world, we remember:

  • ASICs – Australian Securities and Investments Commission (Australia)
  • FMA – Financial Markets 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)
  • CIF – Financial Conduct Authority (UK)
  • ARP – Prudential Regulatory Authority (UK)
  • GFSC – Gibraltar Financial Services Commission (Gibraltar)
  • JFSA – Financial Services Agency (Japan)
  • SEBI – Securities and Exchange Board of India (India)
  • ANF – National Futures Association (United States of America)
  • SECOND – Securities & Exchange Commission (United States of America)
  • FinCEN – Financial Crimes Enforcement Network (United States of America)

That being said, if you think an unregulated trading platform would be a good idea for your investment, perhaps because it offers better fees, you are wrong.

Best Online Trading Platforms for 2021

While aware of the paramount importance of platform regulation, we also need to consider many other aspects in order to discover the best online trading platforms available today. Features like low fees, demo accounts, scanning tools and charts, for example, are essential for any aspiring future trader.

To sum up the best trading platforms with the best deal for every trader, we decided to put together a list of the best online trading platforms for 2021.

eToro

With huge popularity around the world and an innovative way to rethink online commerce through social commerce, eToro is a real rockstar in the world of retail brokerage.

Since its inception in 2007, this broker has reached 20 million users this year and reached the top positions as the leading brokerage service in many countries, especially in Europe. Their trading platform is not only innovative and constantly updated, but also the best choice if you are new to this financial world thanks to the exclusive features included in their service.

Among the most important, mention should be made of their copy trade option, which allowed beginners to profit from the activities of other traders by copying their portfolios and starting automated trading.

BASIC INFORMATION:

  • 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 looking for a platform with automated trading tools and an easy way to improve their trading strategy through extensive use of EAs in MetaTrader4 and MetaTrader5.

For those who don’t know, EA stands for Expert Advisors, programs that run on MetaTrader platforms and are used to monitor and trade financial markets through the use of algorithms. Once you learn how to use it, you can set parameters according to your trading strategy to open and close positions as you wish. This includes conditions such as stop loss, trailing stops and limits.

In addition to this, FP Markets also gives you access to high quality information free trading signals, which are an essential weapon for traders who need new ideas, interpretations and advice as the markets open up. Thanks to this, you will have better opportunities while trading in different markets and assets, including forex, indices, commodities and stocks.

BASIC INFORMATION

  • Regulated by: ASIC, CySEC, FSA (Saint Vincent and 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 be familiar with AvaTrade because of their large sponsorships, especially if you love football (Atletico Madrid anyone?), but others may remember the name AvaTrade for the quality of their service as a broker.

In fact, AvaTrade is one of the best options ever if you want a huge selection of trading platforms as well as solid educational content for both beginners and advanced traders.

Regulated worldwide by some of the best regulators in the market, they give you the ability to trade hundreds of CFD assets, 55 currency pairs and even cryptocurrencies. Additionally, they have different types of trading accounts depending on your needs, including a spread betting account for those who are interested in this type of trading strategy.

BASIC INFORMATION

  • Regulated by: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (UK)
  • Trading platforms available: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms
  • Leverage: Yes
  • Minimum deposit required: $100