When you are into trading – and especially if you are a novice trying to understand the important things as soon as possible – you need all the assistance and helpful tips you can get. This ranges from experienced brokers to trading platforms that are handy and contain numerous pieces of information, but also provides you with concrete investing options. If you know what your are looking for in an online broker, your job finding one will be much easier as you can focus on the important features, but if you do not, you might need some tips on how to find the one that will suit all your needs and be the best one for your specific plans and intentions. Brokers with the cheapest commissions are not always the best ones, so you have to take several factors into consideration. Here are a couple of trading platforms to look into.
Even thought it is rightfully considered to be the leader in this category, Options House is not just a well-known name in the online stock trading community, but has actually been among the most famous brokers since 2006. Initially aimed at those who are hoping to become experts in this field and trade in a friendly and relaxed atmosphere, it quickly became equally popular among laymen and professionals not only because it offers the lowest cost for stock trading – just $4.95 – but because it provides insightful tips and predications.
Unlike the previous one, this broker provides the option of monitoring international stock trades and is present in many markets on a global level, from Asia to Central America. With their moderate and quite reasonable commissions for working with them – and almost zero commission when talking about FX trades – Interactive Brokers are interesting to people with different levels of understanding how the trading industry functions. They are, therefore, a great source of initial information as well as an opportunity to make some serious money for those who are thinking about long-term involvement in this business.
Even though it is among the newest, Equity Feed’s powerful platform has already established itself as a proven and helpful authority that is aimed towards active and day traders. Its edge over the competition hides in a fortnight-long completely free trial period perspective traders can use to inspect what it offers and decide whether it is something they might be interested in. A unique set of revolutionizing tools for monitoring stocks in real-time – this will truly make you feel as if you were at the New York Stock Exchange – makes Equity Feed different from other platforms. After the trial period, you can continue using their resources at quite a fair price
This is another well-known broker that gives its clients plenty options – from investing and trading with stocks and mutual funds to planning future investments and figuring out which strategic approach is the best. Its features include no minimum balance on your account required to get in the game and a reasonably low margin rate, but this comes with a slightly higher trading fees. All in all, TD Ameritrade combines professional approach with a chance to start investing seriously, which is why it has many users from all over the world.
What to Take into Consideration?
Having more than one option to choose from, trading enthusiasts should first take initial fees and overall commissions into consideration, as well as options for advancing and helpful tips that can be offered.