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- 1. Compare the 9 best trading platforms for beginners in 2023
- 2. Best trading platforms overall for 2023
- 3. Editors picks: our top 3 trading platforms
- 4. Top 9 online brokers, reviewed
- 5. The top online brokers for your needs
- 6. More about trading platforms
- 7. How should I choose the best trading platform for me?
- 8. Quick answers to key questions
- 9. Methodology: How we chose the best trading platforms
- 10. FAQs
Compare the 9 best trading platforms for beginners in 2023
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.
Best trading platforms overall for 2023Copy link to section
Editors picks: our top 3 trading platformsCopy link to section
Our panel picked out three online brokers that offer a service above and beyond the competition. These services had the best combination of security, low cost, and user experience.
77% of retail CFD accounts lose money.
Top 9 online brokers, reviewedCopy link to section
1. eToro. Best for beginners, copy-trading & demo-account
Pros & Cons
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.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
Pros & Cons
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.
The top online brokers for your needsCopy 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’s a run down of the best brokers for every type of trader.
What are the top 10 trading platforms?Copy link to section
These online brokers achieved the top rating across all our testing categories. Each reviewer gave each trading platform a score in every category. We put them all together to come up with this top 10 list:
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 broker for beginners||Fees||No. of assets|
|Skilling||From 0% commission||900+|
What is the best demo trading account?Copy link to section
eToro has the best demo account. With eToro, you can switch between real money and demo accounts 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 broker||Demo dollars|
Read more: best demo trading accounts
What is the best trading app?Copy link to section
Skilling has the best trading app. It’s simple and intuitive, with top-tier mobile support. The best apps let you trade with the same functionality as the desktop or browser version of the website. Here are more of the best mobile trading apps:
|Mobile trading app||Operating system|
|Skilling||iOS, Android & tablet|
|eToro||iOS, Android & tablet|
|Capital.com||iOS, Android & tablet|
Read more: the best stock trading apps
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 platform||Fees||No. of assets|
|City Index||From 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 platform||Copy trading features|
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 broker||Fees||No. of assets|
|Skilling||From 0% commission||900+|
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 platform||Fees||No. of assets|
|Skilling||From 0% commission||900+|
Read more: best options brokers
What is the best Islamic broker for stock trading?Copy link to section
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 Islamic trading accounts:
|Islamic brokers||Fees||No. of assets|
Read more: best Islamic trading platforms
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.
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.
|Acorns||From $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 platform||Fees||No. of assets|
|City Index||From 0.08%||13,500+|
|Admirals||From $0.15 per lot||5,000+|
What is the safest trading platform?Copy link to section
eToro and AvaTrade rate as our safest platforms. They are regulated by financial authorities across the world, have been around for many years, and are transparent about the risks of trading.
They also offer SSL encryption and secure storage for your money, which makes us confident they can be relied upon. Here are more of the most secure trading platforms.
|Safe trading platform||Regulation|
|AvaTrade||MiFiD, ASIC, FSA Japan, SAFCA, CBI|
What is the cheapest trading platform?Copy link to section
eToro offers stock trading with zero commission. Many platforms now offer free, or very low fee, trading, but often have higher spreads or other hidden fees.
eToro offers the best balance between low fees and low spreads, which is ideal if you want to day trade. Here are more of the best low fee trading platforms.
|Cheap trading platform||Fees||No. of assets|
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 platform||Leverage|
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 platform||Fees||No. of assets|
|City Index||From 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 platform||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 platform||Overnight fees?|
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 platform||Subscription fees|
|3Commas||From $22 per month|
|1000Pip Climber System||$97 lifetime|
|ZenTradingStrategies||From $600 lifetime|
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 broker||Fees||No. of assets|
What is the best CFD trading platform?Copy link to section
eToro is the best CFD trading platform. A 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 more top CFD platforms:
|CFD broker||Fees||No. of assets|
|Skilling||From 0% commission||900+|
Read more: best cfd brokers
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 platform||Fees||No. of assets|
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 platform||Fees||No. of assets|
|City Index||From 0.08%||13,500+|
Read more: best ETF platforms
More about trading platformsCopy link to section
Which trading platforms offer the most stocks?Copy link to section
Degiro has the widest range of stocks. You can buy and sell shares on 50 exchanges across 30 different countries, which gives you access to thousands of companies in total.
Just note that you should be more interested in which stocks a broker offers, rather than how many. If you’re interested in a particular country or industry, focus on that rather than the total quantity available.
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.
- Best trading platforms in Austria
- Best trading platforms in Australia
- Best trading platforms in Belgium
- Best trading platforms in Brazil
- Best trading platforms in Canada
- Best trading platforms in France
- Best trading platforms in Germany
- Best trading platforms in Hong Kong
- Best trading platforms in India
- Best trading platforms in Ireland
- Best trading platforms in Italy
- Best trading platforms in Malaysia
- Best trading platforms in the Netherlands
- Best trading platforms in New Zealand
- Best trading platforms in Nigeria
- Best trading platforms in Pakistan
- Best trading platforms in the Philippines
- Best trading platforms in Poland
- Best trading platforms in Romania
- Best trading platforms in Singapore
- Best trading platforms in South Africa
- Best trading platforms in Switzerland
- Best trading platforms in the UAE
- Best trading platforms in the UK
- Best trading platforms in USA
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:
- Buy stocks with PayPal
- Buy stocks with credit card
- Buy stocks with debit card
- Buy stocks with AMEX
- Buy stocks with Apple Pay
- Buy stocks with Google Pay
- Buy stocks with Neteller
- Buy stocks with Payoneer
- Buy stocks with Paysafecard
- Buy stocks with Skrill
- Buy stocks with Venmo
Brokers that didn’t make it into our top recommendationsCopy 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 Brokers. Interactive Brokers is a solid option for casual investors but it falls short as a trading platform. With no real-time trading data available, it’s a no-go if you want to day trade regularly.
- 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.
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.
Top-tier regulationCopy link to section
Stock trading platforms must be regulated with an appropriate financial authority in your country. For example, if you live in the UK or the USA, it should be the FCA (Financial Conduct Authority) or SEC (Securities and Exchange Commission).
The more financial authorities that have regulated a broker, the better. Do not deposit money to any unregulated broker.
FCA regulated brokers must keep all customer funds in a separate and secure account, and you are entitled to up to £85,000 in cover per account through the Financial Services Compensation Scheme (FSCS) in the UK if the broker becomes insolvent.
You can still lose money, and there is no guarantee that the value of your investments will go up, but it’s imperative that you use a regulated trading platform to protect you from any nefarious activity”Dan Ashmore, CFA, Data Analyst
Platform fees and the cost of tradingCopy 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.
Mobile app availabilityCopy 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 a quality stock trading app is worth signing up for, as we spend more and more time managing our money from our phones.
Demo accountsCopy 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
Range of assets availableCopy link to section
The more stocks, ETFs, and 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 broker before you sign up.
As time goes on, you may also want to trade other assets, like cryptocurrency, funds, or ETFs. In that case, you need a broker that offers these assets. It’s why eToro is so popular: it offers all types of assets in one simple platform.
Access to ETFs and mutual fundsCopy 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.
Availability of managed accounts and robo advisorsCopy 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.
Research tools like stock screenersCopy link to section
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.
Leveraged tradingCopy 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.
Charting and analysis toolsCopy 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.
Trading optionsCopy 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 an 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 (as it has done throughout 2022!), 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.
Quick answers to key questionsCopy 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.
Other 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 broker||Trading fees|
|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
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
Do I have to verify my identity?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.
Can I buy multiple stocks?Copy link to section
Yes, you can get any number of different stocks at the same time. As long as you have enough money to afford multiple shares, and you don’t exceed any deposit or daily trading limits, then there is no restriction on the number of different stocks you can invest in.
A quick way to get access to a large number of stocks is to invest in an exchange traded fund, or put your money into investment trusts or mutual funds. These are investment vehicles that invest in lots of companies at once.
Do I need any extra software?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 use more than one stock trading platform?Copy link to section
Yes, you can register for multiple platforms at a time. In general, it’s more convenient to do all of your trades with one broker, unless you’re trying to make money by scalping. This is when you try to profit by taking advantage of differences in the bid and ask prices of specific stocks on different brokers.
Do stock platforms have mobile trading apps?Copy link to section
Yes, many of them do. 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.
Can I trade stocks 24/7?Copy link to section
Stock markets are only open for set hours on weekdays. Depending on which stock exchange a stock is listed on, it will have different times in the day when it is able to be traded. You can usually place trades at any time, but they will only be executed during the day.
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 FCA (Financial Conduct Authority) in the UK.
Methodology: How we chose the best trading platformsCopy 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.
FAQsCopy link to section
Yes online trading is legal in the UK and in most countries around the world. Always check the law in your home country before starting to trade stocks online, however.
One way is by maximising order volume. The broker sends its orders via a particular third party market maker in exchange for a fee. This method is called Payment For Order Flow (PFOF). Earning money in this way means that the broker can offer commission free trades without sacrificing its potential to make money.
Another option is through the bid-ask spread. This is the difference between the buy and sell price for an asset. The wider the difference between the prices, the more money the broker is making on the spread. The cheapest trading platforms tend to have wider spreads for this reason, although this isn’t always the case.
Yes, Robinhood offers commission free stock trading. It makes its money by routing orders via third parties, which then execute them in a method known as ‘payment for order flow’. This proved highly controversial during the GameStop mania in 2021, when Robinhood was forced to restrict trading in popular stocks as a result.
Yes, in the UK you will have to pay capital gains tax on the profits you make from trading online. The exact rates of capital gains tax depend on the size of your profits and any other income, all information can be found on the gov.uk website.
Not on all brokers, but the best online trading platforms will usually allow you to. Short selling is when you believe a stock’s price will fall, so you borrow some shares, sell them, and then buy them back when the price falls. It is a risky strategy but it enables traders to profit even if markets fall.
Not everywhere, but there are plenty of day trading platforms that allow you to trade with leverage, yes. Trading with leverage means you can place large trades while only having to stake a small fraction of the trade amount. For instance if a platform offers leverage of 20:1, you can buy £20 worth of shares with only £1 of your own money.
Leveraged trading comes with hugely increased risk and therefore we only recommend the practice for experienced traders.
Yes, but only if you’ve chosen an online broker that accepts PayPal. Many brokers accept PayPal and you’ll need to choose one that accepts it in order to deposit and withdraw using it.
Yes, all you have to do close all your positions (sell all your shares), withdraw your money, open an account with a new broker, deposit your funds, and start trading.
Most online brokers will have a simple ‘forgotten password?’ option you can click on the login screen. A verification email will then be sent to your email address so you can reset your password.
No, online trading is not anonymous. When you register with a broker you will have to provide evidence of your ID – sometimes including a photograph of a passport or driving license.
Yes, on your account you will be able to see the history of all the trades you’ve ever made on your day trading platforms.
Some earn money by charging a commission on every trade, others make money on the spread (the difference between the buy and sell price for a stock). Others, like Robinhood, use a method known as ‘payment for order flow’, where they receive a commission for directing trade traffic through third party market makers.
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.
When share dealing,you instruct the broker to buy or sell shares for you, and they do so and record this in your account. Generally this approach is better suited to people looking to the longer term.
CFD trading, on the other hand, is a contract between two parties – a buyer and a seller – with the buyer agreeing to pay the seller the difference between the current value of an asset (in this case shares of a stock) and its when the contract expires.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >