The best trading platforms for beginners in 2021 are Plus500, Pepperstone, eTorro, Interactive Brokers, AVAtrade, Saxo Bank and XTB.
Each trading platform has its strengths and weaknesses. This article discusses the best trading platforms for beginners in 2021.
Top 7 Trading Platforms For Beginners In 2021
- Plus500 is the best forex broker for beginners with qualitative tools and learning materials.
- eToro is the leading social trading broker with useful research and education tools.
- Interactive Brokers
- AvaTrade is one of the industry leaders with a dedicated learning center.
- Saxo Bank
- XTB offers the best customer service and learning tools.
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#4||Interactive Brokers||4.9/5||Official website|
|#5||Ava Trade||4.8/5||Official website|
|#6||Saxo Bank||4.9/5||Official website|
TOP 7 Trading Platforms For Beginners in Overview:
01. Plus500: Best For Beginners With Qualitative Learning Tools
Plus500 is a top online broker with a transparent fee policy and funding process. It has top-tier licenses, including the FCA, MAS, and ASIC.
This broker has a proprietary platform with desktop and web versions. It has some useful trading tools, including an economic calendar. Plus500 offers a demo account, a valuable learning tool.
Pepperstone is a trustworthy forex and CFD broker with excellent customer service and account opening processes. It has licenses from the FCA, DFSA, and ASIC.
Pepperstone is a good fit for traders at all levels, from casual to professional. It is a leading provider of educational features and materials, including trading guides. This broker has a broad range of desktop and web platforms, including the MetaTrader suite. These come with useful tools, including copy trading and cTrader.
03. eToro: Best Social Trading Broker With Learning Tools
eToro provides a superior social trading experience with its proprietary platforms. It is a highly regulated broker with licenses from the ASIC and FCA. eToro has a dedicated social trading space and learning center.
This broker offers a demo account, a professional app, and a proprietary platform. It has world-class social trading tools, including social sentiment.
04. Interactive Brokers
Interactive Brokers is a great online broker for professional traders based on its Trader’s Workstation platform, zero commission trades, 70 optional order types and over 137 global assets to trade. The Client Portal web platform, extensive educational material, Traders Academy and $0 ETF and stock trades makes them a great broker for beginners as well.
Their news feed and research tools are second to none. IBKR is the natural next step for those who may have outgrown their current broker’s offerings. It is ideal for those looking to apply more complex strategies.
05. AvaTrade: Best Forex Broker With A Dedicated Learning Center
AvaTrade has an excellent offer with low trading fees. It has an in-depth education and research site. AvaTrade offers free courses, videos, and market data.
This broker has a straightforward desktop, web, and mobile platform. It has both MT4 and MT5, including social trading services. Each platform is customizable and offers reliable research, education, and market data.
06. Saxo Bank
Saxo Bank is an outstanding broker with superb desktop, mobile, and web platforms. Their customer experience is exquisite. The research capabilities and tools are one of a kind. Saxo Bank offers a useful package for traders who cover their high minimum deposit. The pricing is rated ‘Best in Class’ for Platinum and VIP account holders.
Saxo Bank is a trusted, global brand that understands traders. Traders feel assured investing with a trustworthy, global bank. Saxo Bank is rated ‘Best in Class’ across 9 categories, including first place for Platform & Tools, Offering of Investments, and Research (something no other broker comes close to accomplishing).
07. XTB: Best Customer Service And Learning Tools For Beginners
XTB is the leading beginner-friendly online broker with an FCA license. It has a transparent fee structure and funding process. XTB offers excellent learning tools and platforms.
This broker is a good fit for new traders as its platforms are easy to understand. It offers beginner-friendly tools, educational materials, and research features. The free demo account lets new traders test the platform.
TD Ameritrade, Fidelity, Robinhood, eTrade, and Merrill Edge offer the best trading platforms for beginners in 2021. Our top choice is TD Ameritrade, as it is an industry-leading provider of education and research tools. Fidelity offers the best research tools for new investors. Robinhood is a good fit for investors at all levels looking for access to premium tools.
How to pick a beginner-friendly online broker?
New investors need to choose an online broker with beginner-friendly services. Our in-depth reviews offer helpful information on choosing the best online broker for beginner investors.
The main criteria to consider when choosing an online broker is its fee structure. Some brokers charge higher fees than others. Inactivity fees might be the most expensive, depending on the brokerage firm you opt for. Check our in-depth reviews to learn more about beginner-friendly brokers and fees.
Secure online brokers have top-tier licenses. Top-tier licenses ensure a broker uses specific safety measures and complies with international regulations. Read our in-depth reviews to learn more about brokerage firms and top-tier licenses.
Customer service contributes to a beginner-friendly online trading experience. Knowledgeable and fast support is useful for traders at all levels. Before selecting a brokerage firm, you should verify its customer service channels.
Funding a brokerage account should be transparent and beginner-friendly. Each brokerage firm has its own deposit and withdrawal methods. Check our in-depth reviews to learn more about online brokers and funding methods.
Frequently Asked Questions
We review the best trading platforms with real accounts and money. Our results depend on 105 criteria, including safety and learning materials.
How to open a brokerage account?
To open a brokerage account, you have to choose a trustworthy online broker. You’ll have to submit personal information and relevant documents. After that, you’ll have to fund your account and start trading.
Is It Possible To Start Trading With $100?
Most online brokers don’t have a minimum deposit amount to create a brokerage account. Zero-fee brokers are a top choice for new traders. Read our in-depth reviews to learn more about online brokers and minimum deposits.
Is Online Trading Safe?
Online trading is safe if the broker is properly regulated. Checking a brokerage firm’s licenses is a must. Read our in-depth reviews to learn which online brokers have licenses from top-tier regulators.
Which Is The Best Trading Platform For Beginners?
Each brokerage firm offers specific services. We recommend you compare platform features before choosing a specific one. Check our in-depth reviews to discover more details about trading platform features for beginners.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
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- 1 TOP 7 Trading Platforms For Beginners in Overview:
- 1.1 01. Plus500: Best For Beginners With Qualitative Learning Tools
- 1.2 02. Pepperstone
- 1.3 03. eToro: Best Social Trading Broker With Learning Tools
- 1.4 04. Interactive Brokers
- 1.5 05. AvaTrade: Best Forex Broker With A Dedicated Learning Center
- 1.6 06. Saxo Bank
- 1.7 07. XTB: Best Customer Service And Learning Tools For Beginners
- 1.8 Final Verdict
- 1.9 How to pick a beginner-friendly online broker?
- 1.10 Frequently Asked Questions
- 1.11 How to open a brokerage account?
- 1.12 Is It Possible To Start Trading With $100?
- 1.13 Is Online Trading Safe?
- 1.14 Which Is The Best Trading Platform For Beginners?