When it comes to 2021 and trading platforms, we are living in a time like no other. It is unlikely that there has ever been a year in which there have been as many trading options as well as information regarding the best trading practices available online. It sounds almost idyllic to those of us who want to invest in stocks, but in reality, the avalanche of information that people are often subjected to can at times prove to be too much to coherently process.
Each and every trading platform has a variety of different features and variables that will suit each and every trader in a different way. For some, a make-or-break factor might be something as simple as whether or not the platform is usable on a smartphone and/or tablet. While for another user who only likes to trade at home in their office, this is a factor that won’t even come into consideration. Luckily, there are a number of comprehensive breakdown sites that compare and contract the best trading platforms. This can make for the easiest way to approach a cluttered market in 2021, as it can help you find the trading platforms that offer the best fees and commissions, the most diverse asset classes, and the strongest regulatory standing.
For the purpose of this article, we have selected four of the best trading platforms in 2021 to show you some of the things you should be looking for in order to find the ideal platform for you. So, without further ado, let’s get started!
eToro
If you are new to the world of trading, eToro is one platform that you should consider to get started. It has a minimum deposit of $200, but you can start trading from as little as $25. It allows you to buy shares in companies based in the US, Canada, the UK, Hong Kong, and in a large number of European exchanges, allowing you to test the water no matter what time zone you are living in.
It also allows you to use their Copy Trading Tool, which is a great method to gain an understanding of how trading works and make some sound investments at the same time. Basically, your account will match the actions that an established investor makes. It’s almost as if you are constantly in the know, even if you are just starting out.
Vantage FX
With VantageFX, you have no deposit, withdrawal, or inactivity fees that will surprise you along the way, which is something that many users find extremely off-putting, especially when they are learning the ropes.
If you know you want to be able to use a trading platform on your smartphone, then VantageFX is a great option. Their platform for iOS and Android mobile devices has easy-to-understand full-screen charts, dozens of technical indicators, and seamless order entry.
Robinhood
Robinhood launched in 2013 and currently has over ten million clients. If you are surprised you haven’t heard of it, it may be because you are residing outside of the US. Now, don’t worry, you can still use it and they even have a decent selection of non-US stocks.
It is ideal for EFTs or cryptocurrencies and has an incredibly inviting layout. Whereas some trading platforms can take some time to get used to, the transition between being a first user and an extremely confident navigator of their platform is seamless.
The End Game
As mentioned in the introduction, there are countless options online when it comes to trading platforms. Take a look around and get to understand what it is you like and how it is that you like to work.
Yes, the comparison lists and expert advice do help but remember that at the end of the day, it is only you that will know which you like best. So, take your time, explore your options, do the research, and then trust your gut and enjoy the process!
