Compare the 9 best trading platforms for beginners in 2024

We tested 60+ trading platforms to find the best online broker for beginners. Find our expert verdicts on every top stock broker below.
By:  & 
Reviewed by:
Updated: Feb 8, 2024
Listen

Trade global markets with our top-rated broker, Interactive Brokers.

8/10
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.
Visit site

Our expert reviewing panel regularly assess each trading platform according to these six criteria:

  • Its security and regulatory status
  • The fees & cost of trading
  • Whether the broker offers a demo account
  • Access to global stocks and stock markets
  • Access to beginner-friendly investment vehicles like ETFs and funds
  • Availability of stock screeners and research tools

Stock trading platforms that score well in these categories are ideal choices for any casual trader who’s looking to invest in the stock market.

The reviewing panel is made up of a group of stock trading experts, with extensive experience in financial markets, including Dan Ashmore, CFA, Data Analyst, Prash Raval, Financial Writer and expert trader, and Harsh Vardhan, Editor of News. 

All the panel’s findings are independently verified by Richard Stutely, Economist and Fact Checker. Read more about our review process.

Best trading platforms overall for 2024

Copy link to section
  1. eToro: Best for beginners, copy-trading & demo-account
  2. Plus500: Best for international CFD trading*
  3. Interactive Brokers: Best online broker for range of markets
  4. Public: Best for sharing beginner trading ideas
  5. Degiro: Best for 0% commission on US stocks

Editors picks: our top 3 trading platforms

Copy link to section

Sort by:

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 0
Best offer
User Score
9.7
Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

Top 9 online brokers, reviewed

Copy link to section

1. eToro. Best for beginners, copy-trading & demo-account

0% commission

Fees

$50

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade for UK & EU users (not US, real assets only)
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2. Plus500. Best for international CFD trading*

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Interactive Brokers. Best online broker for range of markets

Commission-free for US exchange-listed stocks

Fees

...

Minimum deposit

10,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Regulated by several financial authorities Free stock and ETF trading for US traders Earn interest on cash balance Free demo trading account available
The desktop trading platform is complex to navigate Customer service not available 24/7 Credit/debit card payment not available

Overview

We love Interactive Brokers because it has one of the widest selections of tradable assets we’ve ever seen. IBKR is one of the best-known and longest-running brokers in the world and when you create an account you’ll have access to tens of thousands of stocks, ETFs, funds, indices, currencies, bonds, and cryptocurrencies. 

Besides lots of markets, Interactive Brokers also offers a good range of additional tools and features including risk management tools, cutting-edge portfolio management services, and the ability to automate your trading system through ready-made or custom-built algorithms. 

The fees: Charges vary depending on the asset you’re trading. Stocks and ETFs are commission-free, as are most funds. Options fees range from $0.15 to $0.65 per option contract. Cryptocurrency fees range between 0.12% to 0.18% of the trade value. Forex trades have commissions which can be as low as a fraction of a pip. 

Highlights

Visit Interactive Brokers Interactive Brokers Review
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

4. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

5. Degiro. Best for 0% commission on US stocks

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees No minimum deposit required Segregated client funds
No US customers No forex or cryptocurrencies offered for trading Limited educational resources

Overview

We love Degiro because it offers a simple trading platform so that you can trade quickly and easily wherever you are. Degiro offers stock trading on 50 stock exchanges in 30 countries, including the US, UK, and all leading European markets, with free stock trading on all US stocks.

Degiro has won 86 international awards and is one of the largest companies in Germany. All its services are available online or via the Degiro app. The website also boasts a huge range of educational material, including an Investor’s Academy, to help you get started.

The fees: All stock trades come with a €1 handling fee. US stock trading has no other fees, UK stock trading costs $1.75, and European stock trading costs €3.90. The rest of the world costs €5. A core selection of ETFs are free to trade, other global ETFs cost €2 plus a €1 handling fee. Derivative trading costs €0.75. There are no inactivity, deposit, or withdrawal fees.

Highlights

Visit DEGIRO DEGIRO Review

Investing involves risk of loss

The top online brokers for your needs

Copy link to section

What’s best for you depends on your level of experience, what you want to trade, and how often you want to do so. Here we help answer common questions to give you a sense of the best type of broker for your investing style.

What is the best trading platform for beginners?

Copy link to section

eToro is the best beginner-friendly stock broker. Its CopyTrader and social trading features, combined with a low cost of trading, make it ideal for new traders.

A beginner-friendly web trading platform should be easy to use, with an intuitive interface that guides you through the most important information. It should offer lots of guides and tutorials to run you through how to trade. 

Here are the top trading platforms for beginners:

Online brokerage platformFeesNo. of assets
eToro0% commission3100+
SkillingFrom 0% commission900+
Plus5000% commission2800+

What is the best demo trading account?

Copy link to section

eToro is the best online brokerage platform with a demo account. With eToro, you can switch between real money and a paper trading account at the touch of a button and use the same features on each one. 

Brokers with quality demo accounts are the best trading platforms for paper trading too, because you can use the demo to practice on real-world markets. Here are more of the best trading brokers with demo accounts.

Demo brokerDemo dollars
eToro$100,000
Capital.com$10,000
Pepperstone$50,000

Read more: best demo trading accounts

What is the best penny stock trading platform?

Copy link to section

Degiro has the largest range of international markets where you can buy cheap stocks from around the world. Low fee trading in European markets and free trading on US stocks is another added bonus. Here are more trading platforms that trade penny stocks.

Penny stock trading platformFeesNo. of assets
DegiroFrom $07000+
eToro0% commission3100+
City IndexFrom 0.08%13,500+

Read more: best penny stock trading apps

What is the best copy trading platform?

Copy link to section

eToro is the best social and copy trading platform. You can share your trading tips and see what other people are thinking. 

To find a great social platform, look for an interface that mixes social media with a trading platform and where you can follow and copy your favourite traders. Here are more copy trading platforms:

Copy trading platformCopy trading features
eToroYes
ZulutradeYes

Read more: best copy trading platforms

What is the best futures trading platform?

Copy link to section

eToro is our top rated futures platform. You can trade futures, along with options and other derivatives on a large range of international stock markets. Here are more of the best futures platforms:

Futures brokerFeesNo. of assets
eToro0% commission3100+
Pepperstone0% commission1200+
SkillingFrom 0% commission900+
*eToro 0% commission only applies on real stock investments, not CFDs.

Read more: best futures brokers

What is the best options trading platform?

Copy link to section

eToro is our best broker for trading options. It offers a downloadable options trading platform where options trades benefit from 0% commission. Here are more top options platforms:

Options trading platformFeesNo. of assets
eToro0% commission3100+
Pepperstone0% commission1200+
SkillingFrom 0% commission900+

Read more: best options brokers

What is the best robo-advisor?

Copy link to section

Nutmeg is the best robo-advisor. Nutmeg offers a huge range of options to manage risk tolerance, set goals, and adjust settings on the go. It’s ideal for long term investors looking or someone looking to set up a retirement accounts.

With any automated trading platform you want the freedom to closely manage the type of investments it chooses, or set loose guidelines and leave it to work. Here are more of the best auto trading platforms.

Robo-advisorManagement fees
Nutmeg0.75%
Moneybox0.45%
AcornsFrom $3 per month

Read more: best robo-advisors

What is the best day trading platform?

Copy link to section

AvaTrade is the top day trading platform. With competitive spreads, over 1000 assets available, and the opportunity to place trades through MetaTrader4, it’s the top option for any fast-paced day trading strategy. Here are the best day trading platforms:

Trading platformFeesNo. of assets
AvaTrade0% commission90+
City IndexFrom 0.08%13,500+
AdmiralsFrom $0.15 per lot5,000+

What is the best leveraged trading platform?

Copy link to section

Pepperstone is the best trading platform with the most leverage. However, leverage is limited by law in most countries. In the EU and the UK, the maximum leverage a broker can offer is 30:1. As a result, most stock brokers offer a similar service when it comes to leverage.

Here are more top leveraged trading platforms:

Leverage trading platformLeverage
Pepperstone30:1
City Index30:1
Skilling30:1

What is the best margin trading platform?

Copy link to section

Pepperstone is the best broker for margin trading. When you trade on the margin, you borrow money from your broker and use it to place trades. Here are more top trading margin trading platforms:

Margin trading platformFeesNo. of assets
Pepperstone0% commission1200+
AvaTrade0% commission90+
City IndexFrom 0.08%13,500+

What is the best automated trading platform?

Copy link to section

eToro is the best automated trading broker, thanks to its CopyTrader feature where you can copy other people’s trades onto your own account. Here are some more of the top auto trading platforms:

Auto trading platformFees
eToro0% commission
ZulutradeNo fees

What is the best swing trading platform?

Copy link to section

Degiro is the best broker for swing trading. Swing trading means holding a stock for several days. You want to avoid brokers that charge overnight fees in favour of those where you can buy and hold without additional fees. 

Here are more of the best swing trading platforms:

Swing trading platformOvernight fees?
DegiroNo
IGNo
Charles SchwabNo

What is the best algorithmic trading platform?

Copy link to section

The best algorithmic trading platform is 3Commas. Algo trading runs automatically using a computer program to identify and place trades for you. 3Commas is the best in the business at this, and here are some more top algo trading platforms: 

Algo trading platformSubscription fees
3CommasFrom $22 per month
1000Pip Climber System$97 lifetime
ZenTradingStrategiesFrom $600 lifetime

What is the best international share dealing platform?

Copy link to section

Degiro is the best trading platform for international stocks. It offers equities from more than 50 exchanges around the world, giving you access to thousands of international stocks. Here are more of the best brokers for international stocks:

Share dealing platformFeesNo. of assets
DegiroFrom $07000+
eToro0% commission3100+
Plus5000% commission2800+

What is the best ETF & funds platform?

Copy link to section

Plus500 is the best platform for investing in ETFs and funds. You can buy shares in the most popular funds, including SPY, VOO, and QQQ. Here are more of the best fund brokers:

ETF trading platformFeesNo. of assets
Plus5000% commission2800+
DegiroFrom $07000+
City IndexFrom 0.08%13,500+

Read more: best ETF platforms

How should I choose the best trading platform for me?

Copy link to section

Platform security and regulation are vital, while cost is an important factor for everyone. The features below give you an idea of what to look for and how to compare brokers.

1. Top-tier regulation

Copy link to section

Stock trading platforms must be regulated with an appropriate financial authority in your country. For example, if you live in the USA, it should be the SEC (Securities and Exchange Commission). The best online brokers should also be members of the SIPC (Securities Investor Protection Corporation), which provides additional investor protection by insuring the cash you deposit to a brokerage account.

The SIPC insures up to $500,000 of investor cash and securities in the event your brokerage firm becomes insolvent. You can see which online brokers are members of the SIPC by looking for its logo on the broker’s website. The SIPC is a federally-mandated program to protect investors, but equivalents exist in many countries around the world.

The more financial authorities that have regulated a broker, the better. Do not deposit money to any unregulated broker. 

2. Platform fees and the cost of trading

Copy link to section

Some online trading platforms offer zero fee trading but it isn’t universal. With some you may have to pay a flat fee per trade, which can range up to $2 – $5 per transaction.

If you plan on trading often, prioritise low fees, or a subscription package where you get a certain number of free trades included.

3. Mobile app availability

Copy link to section

The stock market can move quickly and you might have to make decisions at speed, wherever you are in the world. A day trading platform that offers quality mobile platforms or a dedicated stock trading app is worth signing up for, as we spend more and more time managing our money from our phones.

4. Demo accounts

Copy link to section

The best day trading platforms offer a demo or ‘virtual’ account. Follow the account opening process as normal and switch to the virtual account in your settings to access it. 

Demo accounts let you practice trading without risking real money. You can use them to get used to the stock market, test out your charting tools and trial a day trading app without committing to anything.

Anyone who’s new to stock trading should start out with a demo account. It gives you the chance to learn the rhythms of the markets without putting precious money at risk. 

Only experienced traders should use real funds to trade, and we don’t recommend that you graduate beyond a demo account until you fully understand the risks of trading.

James Knight, Editor of Education

5. Range of assets available

Copy link to section

The more stocks, ETFs, and mutual funds available on a platform, the more opportunities to trade and invest you’re likely to find. This is particularly important if you want to trade a specific type of stock, like penny stocks, or companies from a certain country.

Most brokers offer major US stocks from the NASDAQ and the NYSE, the two leading stock exchanges. If you want to trade stocks from outside the US, then check what’s available from each online broker before you sign up. 

As time goes on, you may also want to trade other assets, like cryptocurrency, funds, or a stock ETF. In that case, you need a broker that offers these assets. It’s why eToro is so popular, for example: it offers all types of assets in one simple platform.

6. Access to ETFs and mutual funds

Copy link to section

ETFs and funds are investment vehicles where you can invest in lots of stocks at the same time. They’re a great way to create an immediately diversified portfolio, without having to pick companies individually.

The range of ETFs and funds varies from broker to broker. A traditional stock broker is more likely to offer fund investing than an online stock trading platform.

7. Availability of managed accounts and robo advisors

Copy link to section

Managed accounts and robo advisors effectively automate your investing. You set your investing goals and the platform – either through a professional financial manager or a computer algorithm – decides what to invest in.

These tend to only be available through specialist platforms, such as Nutmeg. However, some brokers are designed so that you can connect them to a third-party platform which manages the account for you.

8. Research tools like stock screeners

Copy link to section

Trading platform features like stock screeners help you identify trading opportunities by showing you companies that meet a set of defined criteria. For example, you could use one to find only stocks with a market cap over $500 billion, who pay a dividend yield over 2%, or where the price chart is in a particular pattern.

Third-party stock screeners like Finviz are available, but some brokerage services offer them as part of the package. This is particularly the case for brokers which charge a subscription fee, and can be a reason to choose a subscription package over a broker that charges commission.

9. Leveraged trading

Copy link to section

Leverage allows you to stretch your money out by putting up a small deposit as collateral and borrowing the rest from your broker. 

Leverage is particularly important for high frequency traders or scalpers, who make lots of trades that only aim to make a few pence each time, as it means you can magnify the value of the trade many times over. If you plan on trading like that, look for day trading platforms that offer high leverage.

10. Charting and analysis tools

Copy link to section

Most trading strategies are based on technical analysis. This involves studying charts to identify trends, then using that information to plot future price moves and trading accordingly. 

Charting and analysis is crucial to day trading stocks successfully and it’s important to find a desktop platform that allows you to perform your own technical analysis.

The more tools an online broker has to help you do this, such as alerts or indicators that you can use to notify you when a price move happens, the better.

11. Trading options

Copy link to section

In addition to looking for lots of different stocks, many investors seek numerous different trading options for their asset of choice. 

  • Some investors may want to go short (betting that the price of a stock will go down), in addition to going long (betting that the price of a stock will go up). If you want to bet on the market to fall, you need a platform that specifically offers shorting, as not all brokers do.
  • Other investors may favour hedging, which is when you make an investment designed to limit the potential downside of another investment you’ve already made. 
  • Another trading option popular with certain investors is scalping. This is a method of arbitrage in which you attempt to make money by taking advantage of small price gaps between the bid price and the ask price of a specific stock on different platforms.
Compare trading platforms

Quick answers to key questions

Copy link to section

Do trading platforms charge commissions?

Copy link to section

Many platforms offer 0% commissions on stock trades. However, that doesn’t mean it’s totally free to trade. Instead, the cost is in the ‘spread’ – the difference between the buy and sell price for a stock. This still makes it possible to trade with low costs, but you should consider these fees as well.

Other low cost online brokers charge a fixed fee for the trade and have tighter spreads. The fixed fee can vary but between $0-$5 is most common.

Here are the trading fees charged by each of our top ranked brokers.

Online brokerTrading fees
eToro0% commission
Capital.com0% commission
AvaTrade0% commission
Skilling0% commission
Public$0 for trades made with the market open
$2.99 for trades made with the market closed
Degiro$0 + $1 handling fee on US stocks
£1.75 + £1 handling fee on UK stocks
€2 + €1 handling fee on global stocks
Pepperstone0% commission
Admirals0% commission
Plus5000% commission

Low fees are important for any beginner because you’re likely to have less money to play with. It’s usually better to start with a 0% commission platform so that the fees don’t eat into your precious capital.

Fees don’t just mean trading fees, though. Look out for other, ‘hidden’ fees, such as how much it costs to make a deposit or withdrawal, and especially inactivity fees that come into effect if you don’t use your account for a set period of time.” 

Prash Raval, expert trader and financial writer

What is the best free trading platform?

Copy link to section

Degiro is the best free trading platform, at least for US stocks. It offers $0 trading fees on US equities. However, most ‘free’ platforms still charge you elsewhere, either through higher spreads or via things like overnight fees.

Here are some of the best zero fee brokers:

Free trading brokerFeesNo. of assets
DegiroFrom $07000+
eToro0% commission3100+
Pepperstone0% commission1200+

What’s the difference between a stock trading platform and a CFD broker?

Copy link to section

There is often very little difference, as many investment platforms offer both features. With a traditional stock broker you tend to take ownership of the shares themselves, while with a CFD platform you only speculate on price changes rather than owning anything.

The best CFD broker should allow you to use leverage, go long or short, and sometimes even let you buy fractional shares in big companies. Here are some top CFD platforms:

CFD brokerFeesNo. of assets
eToro0% commission3100+
SkillingFrom 0% commission900+
Plus5000% commission2800+

Do I have to verify my identity with an online broker?

Copy link to section

Yes you do. This process could involve everything from verifying your bank information to more elaborate verification procedures including photo ID such as a driver’s licence or passport.

The overarching term for this layer of security is “KYC”, which stands for “Know Your Customer.” The best day trading platforms, including brokerages and other financial institutions use KYC guidelines to help prevent people from laundering money or conducting financial scams.

Do I need any extra software to set up an online brokerage account?

Copy link to section

It depends on the platform you use. Many require no additional software – allowing you to trade simply on the browser or through the platform’s app. However, some might require integration with popular forms of trading software such as MetaTrader 4.

Read more: best TradingView brokers

Can I trade Islamic stocks on a trading platform?

Copy link to section

Yes, with some brokers. AvaTrade offers a dedicated Islamic account, while the likes of Degiro and eToro can comply with Islamic law, as long as you don’t trade CFDs, use leverage, or allow your shares to be loaned for shorting. 

‘Traditional’ stock brokers like Hargreaves Lansdown or Interactive Investor also comply, although it’s worth checking with a religious leader if you aren’t sure. Here are our top rated Islamic trading accounts:

Islamic brokersFeesNo. of assets
AvaTrade0% commission90+
DegiroFrom $07000+
eToro0% commission3100+

Read more: best Islamic trading platforms

Do stock platforms have mobile trading apps?

Copy link to section

Yes, many of them do have mobile platforms. While this is not the case for all brokers, the popularity of mobile trading in recent years means that the best day trading platforms have developed user-friendly apps to appeal to new day traders as well as experienced ones.

The best trading apps let you trade with the same functionality as the desktop or browser version of the website. Here are some of the best ones:

Mobile trading appOperating system
SkillingiOS, Android & tablet
eToroiOS, Android & tablet
Capital.comiOS, Android & tablet

Are stock trading platforms regulated?

Copy link to section

In general, yes, although not all of them are. We recommend you only use trading platforms that are regulated by a recognised financial body, like the SEC in the US, and which offer additional deposit insurance through the Securities Investor Protection Corporation (SIPC).

Here are some of the safest trading platforms available today:

Trading platformRegulator
eToroFCA, CySEC
AvaTradeMiFiD, ASIC, FSA Japan, SAFCA, CBI
AdmiralsFCA, MiFiD

More about trading platforms

Copy link to section

Which trading platform is best in my country?

Copy link to section

There’s no one perfect answer and it depends on your needs, budget, and investing goals. Our experts have rated the best brokers in different countries to help you find one that works for you.

Which trading platform offers the most payment methods?

Copy link to section

eToro lets you deposit with a bank transfer, debit/credit card payment, Apple Pay, Google Pay, or with PayPal in USD, GBP, EUR, or AUD. A range of other payment methods are available too but only for some users, including Neteller, Skrill, Klarna, and IDEAL.

Find brokers by your preferred deposit & withdrawal method: 

Brokers that didn’t make it into our top recommendations

Copy link to section

There are lots more stock brokers out there and many have plenty of great features. However, some of these trading platforms didn’t stand out to us as right for the normal retail trader.

  • Hargreaves Lansdown. HL is a big name broker but charges a lot in fees; up to £11.95 per trade if you don’t trade very often.
  • Interactive Investor. II is another platform that is relatively expensive. It charges £9.99 per month just to open a trading account, and another £7.99 per trade after the first one every month.
  • Fidelity. Fidelity one of many well-established stock brokers that works better as a long-term investment vehicle than a trading platform. It’s better for ETF or fund investing than for retail stock trading.
  • WeBull. WeBull is only available to US customers or those based in Hong Kong, so doesn’t offer a great day trading service to a worldwide audience.
  • Freetrade. Freetrade offers a large number of stocks and relatively cheap trading fees, but to access some of its best features you have to subscribe to Freetrade plus.
  • Charles Schwab. While Charles Schwab is a solid option for US customers who only want to invest in stocks listed in America, it makes it much more difficult to day trade international stocks without a premium account.
  • AJ Bell. AJ Bell Youinvest is a good option to build your own investment portfolio, based around exchange traded funds, but is one of the most expensive options we came across. For just a single trade every month you would pay over £150 per year.
  • TD Ameritrade. TD Ameritrade is another broker that focuses exclusively on the US and isn’t available anywhere in the EU or UK.
  • Trading212. Trading212’s range of trading options is more limited than the competition and it has previously restricted trading in popular stocks, like GameStop.
Open account with a top trading platform

Methodology: How we choose the best trading platforms

Copy link to section

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 trading platforms to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of stock market experts, analysts, and active traders who sign up to each broker, conduct research, and score each service.

Our tests are designed to find stock brokerages that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each trading platform to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each stock broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

Copy link to section
What is the cheapest trading platform?
How do commission-free trading platforms make money?
Is Robinhood free?
Do I have to pay tax on my day trading profits?
Which trading platforms offer the most stocks?
Can I trade stocks 24/7?
OK, I’m ready to choose a trading platform


Sources & references
Risk disclaimer
Max Adams
Editor of Education
Max was the Editor of Education for Invezz from 2019-2021, overseeing the wider investment educational strategy. He has written for financial publications for over 5 years,... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.