6 Trading Platforms That You Should Check Out

By Jamie Hill - 4 January 2021

Features

More and more people are now becoming more confident when it comes to trading and investing. Perhaps this can be attributed to the fact that there are now several online sources that make it more convenient for people to access stocks and other commodities to trade and invest in, as well as learn the techniques of trading.

This article lists down some of the best trading platforms that you should check out.

 

  1. BlackBox Stocks

One of the best trading platforms that you should check out is BlackBox Stocks which garnered various positive feedback from different official review sites. When you explore online trading platforms, you will surely come across these various review pages. One reliable page is that of Trading Reviewers wherein they even got to interview Eric Pharis and David McKay, the minds behind BlackBox Stocks. Make sure to check out the interview on this page for you to gain good insight into this innovative trading tool. This interview will also shed light on how this trading platform was conceptualized, as well as the unique features that it can offer.

  1. TD Ameritrade

Another trading platform that you should check out is TD Ameritrade, which has been named as the best overall trading platform by some credible review sites. In this platform, there is no account minimum or even recurring fees, and this means that you can use all the amount in your account for trading. The platform also has one of the lowest costs per contract with no per-trade commissions, which means that you will be able to maximize your gains. Perhaps the only drawback of this platform is that it has a high cost for margin traders.

  1. Charles Schwab

If you are a beginner in trading, then you need to check out Charles Schwab. This is where you will be able to build your expertise in trading and expand your knowledge because of the extensive resources offered through the platform. Like with TD Ameritrade, Charles Schwab also has no account minimum, as well as recurring fees. They impost per-contract commission though for options traders, but this still proves to be inexpensive. However, the platform implements strict margin trading rules, which may be a bit rigid compared to its competitors.

  1. Interactive Brokers

On the other hand, if you are already a seasoned trader, then you need to check out Interactive Brokers. It is one of the best platforms that offer multiple types of accounts which prove to be beneficial for professional and full-time traders. The platform also offers an IBKR Lite Account which is perfect for DIY investors and traders. This account includes free stocks, as well as ETF trades, and no base fee for options trades. However, if you are a high-volume trader, then a pro account in this platform may suit you better.

  1. E*TRADE

E*TRADE is considered as one of the best web-based trading platforms that are suitable for beginners in trading. The reason behind this is that its interface is greatly intuitive and easy to navigate. It even offers usability upgrades, as well as no minimum deposit to open an account. Stock trades in this platform are also free. It boasts of various platforms and tools such as charting, options trading, as well as futures trading. The great part is that this tool also has great customer service, which means that your inquiries and concerns are attended to promptly.

  1. Tastyworks

Finally, you should also check out Tastyworks, which is a tool that allows you to speedily enter trades and analyze your moves. This is one of the most convenient trading tools to use because it offers desktop, browser, as well as mobile trading platforms, which are quite easy to use as the interfaces are very much similar. This eliminates the need for you to familiarize yourself with each of the platforms because as soon as you figure out how to use one, you will no longer have trouble accessing the others. The best part is that this platform will also provide you with the opportunity to learn from other traders because of the networks within it.

 

There are now several online trading platforms that you can consider, such as those listed above, if you want to grow your money. Just keep in mind that no two platforms are created alike, such that the features of one may not be present in another. The key is in figuring out what you need when it comes to growing your money through trading to ensure that you leverage the right platform suitable for your trading and investing needs.

 

Registered in England & Wales. No: 4513027, Positive Media Group, Suite M, Astoria House, 165 Victoria Road, Old Town, Swindon, SN1 3BU