To trade in a global financial market has become an easy task with today’s technology. Nevertheless, it must be done properly and by utilising only the best tools given by trustworthy brokers and their trading platforms
Trading platforms became the main instrument for millions of traders worldwide to embrace their financial journey and try to gain maximum profits from their investment. Still, we must remember that trading with financial instruments is complex and comes with a high risk of losing your capital due to markets’ fluctuations and volatility.
With all that being said, we must stress the fact that not all trading platforms are the same and, as for everything in life, some are better than others. This is why we decided to make a short list of what we consider the best trading platforms today.
Before we start with showing you our top picks, we must stress the importance of choosing regulated trading platforms only.
Why Regulation Is Important
To trade safely on today’s trading platforms, we must be careful regarding our choice and be sure to select regulated trading platforms.
From the moment you open your trading account until you decide to close it, you must rely on a brokerage service able to manage and protect your funds in order to trade safely in a financial market. Those brokers and their trading platforms, to be considered trustworthy, must be regulated and comply with a financial regulator.
In the UK for example, most trading platforms follow the regulation imposed by the Financial Conduct Authority (FCA), the highest financial authority for British territories. Choosing between a list of FCA regulated brokers may be the best idea to start trading in British territories.
Our Top 3 Best Trading Platforms of Today
The following trading platforms comply with national and international regulators and have been chosen between a vast list of names, programs and firms present online.
One of the most well-known trading platforms worldwide, eToro is a commission-free stock trading and CFDs trading platform.
Regulated by FCA, ASIC and CySEC, it is considered to be a very safe option for many traders worldwide. Between their main pros as a trading platform we remember:
- Free demo-account
- Low or free trading fees
- Low minimum deposit
- Focus on social trading
- Short time to open a trading account
- Advanced charts
On the other hand, they also have some non-trading fees to take in consideration before opening an account, such as withdrawal fees and inactivity fees.
2) PowerDesk (FinecoBank)
FinecoBank is a primer Italian bank which has focused since two decades on online banking and online trading. Their effort to facilitate their trader base they developed during last years a now awarded trading platform called PowerDesk.
Thanks to it you will be able to trade in +20,000 financial instruments such as CFDs, Shares, ETFs, Bonds, FX and Options while taking advantage of a fully customizable experience empowered with:
- Live prices
- Real-time market data
- Charting tools for both retail and pro-traders
- Mobile trading features
- Derivative trading
- Direct trading in +20 currencies
- 90+ technical analysis indicators
As of today, FinecoBank also offers ISA accounts for those eligible to open one.
Plus500 is a regulated trading platform with top-tier regulations worldwide such as the European CySEC and the Italian CONSOB, and it is considered a safe choice for online trading.
Their platform is a web-based trading platform with an extremely user-friendly interface, which makes it a perfect pick for newbie traders. Nevertheless, this platform lets its users the possibility to have total control on their investments thanks to the simple use of advanced tools and features such as:
- Stop Limit/ Stop Loss /Trailing Stop
- Free email and push notifications on most market events
- Price alerts
- Guaranteed stops
Thanks to Plus500 web trading platform, you will be able to explore and trade in the world’s most popular markets and invest in +2000 financial instruments and CFDs on forex, shares, indices, and cryptocurrencies.