Compare the best trading platforms for beginners in 2022

New traders can use this handy guide to compare the best stock trading platforms for beginners. Read on to find out which platforms are best suited to novice stock traders.
By:  &  James Knight
Reviewed by Richard Stutely
Updated: Sep 20, 2022

What are the best stock trading platforms for beginners?

The table below lists the best trading platforms our experts have selected as the top rated for beginners. Click on any of the links to register in a few minutes or continue scrolling to learn more about each in detail.

1
Min. Deposit
$ 10
Promotion
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, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:
4
Min. Deposit
$ 500
Promotion
User Score
9.0
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Payment Methods:
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full Regulations:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top stock trading platforms for beginners

1. eToro: Best for beginners

eToro is the best rated stock trading platform for beginners. It’s one of the largest brokers in the world and includes over 1500 stocks as well as a range of other assets like forex, indices, and crypto. The eToro platform has a host of features that make stock trading less intimidating for beginners. 

Two key features that new traders will find of most use are its social and copy trading tools. The platform doubles as a social trading network allowing novice traders to connect and interact with professionals. Its copy trading feature makes it easy to mimic the orders of more experienced traders, allowing you to profit while you learn.

68% 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 

Pros

  • World’s largest social trading network
  • Copy trading feature
  • Low spreads and commissions 
  • Easy to use platform on web and mobile

Cons

2. Skilling: Best for mobile trading

Skilling has the best app for beginner stock traders. It has three different account types to choose from. For new traders wanting to keep costs down while still learning, its standard account is the most suitable as it offers zero commissions and tight spreads. Users have a choice of two mobile platforms – Skilling trader and Skilling cTrader. 

Each of its mobile trading apps are geared towards beginners and have simple to use functionality. Skilling offers 700 stocks from around the world meaning there’s more than enough choice for novice traders. A benefit of using the Skilling app is its minimum trade size is very low, so you’re not required to risk a lot of money on each trade.

Pros

  • A choice of mobile apps
  • Tight spreads
  • Zero commissions on standard account
  • 700 global stocks to choose from

Cons

3. Capital.com: Best for CFD trading

Beginner stock traders wanting to trade CFDs will find Capital.com is the best fit. It has one of the widest selection of shares available with over 5000. As Capital.com is a CFD broker, stock traders can go long (buy) and short (sell) on companies from around the world. 

Its platform is easy to use both on its website and mobile app. Capital.com has a large educational section that covers everything from basic stock trading strategies, to professional market analysis. Its low minimum deposit amount of $20 means it has a low barrier to entry for new traders just starting out their stock trading journeys.

Pros

  • Low spreads and commissions
  • Wide selection of global stocks
  • Substantial educational content 
  • Low minimum deposit amount – $20

Cons

4. Plus500: Best for day trading

Stock market day traders are best suited to Plus500. Its platform, which can be accessed via its web based application and mobile app has a host of technical tools commonly used by day traders. Beginner stock traders can incorporate many different indicators and other chart analysis features while analysing the stock market. 

Plus500 also offers leverage of up to 1:5 on stocks making it a top choice for stock traders wanting to magnify their gains. On top of its array of tools and leverage, its also the best regulated platform around. It is supported in over 50 countries and complies with regulations in multiple jurisdictions. Low fees and commissions make it perfect for stock day traders.

Pros

  • Lots of technical analysis tools 
  • Easy to use charting package
  • Regulated in multiple jurisdictions
  • Low fees and commissions

Cons

What is a beginner stock trading platform?

It’s an online company that allows you to trade the stock market and has a platform designed for beginners. There are many different types of stock trading platforms and to access one you’ll need to register with an online broker. Some brokers only allow you to buy shares, while others such as CFD brokers let you sell stocks too. 

How does a beginner stock trading platform work?

The platform connects your buy or sell orders to other traders on the stock market. A stock broker acts as a ‘middleman’ between a trader and the exchange. A stock trading platform is a piece of software that electronically enables traders to buy and sell shares. 

To use a stock trading platform all you have to do is register an account with an online brokerage firm. Once your account is funded, you’ll be able to use its platform on your desktop computer or via a mobile app. The platform will give you access to the latest market prices and facilitate your buying and selling of shares. 

How should I choose a beginner stock trading platform?

When it comes to choosing a platform there’s a lot of things to consider. Below we’ve highlighted a few of the key factors you should take into consideration when making your decision. 

  • Fees. Beginner traders who are just starting out should look for a platform that has low fees. Brokers make their money through either the bid/ask spread, or commissions. Finding a platform that has low fees will cut your overall trading costs.
  • Demo account. If you’re just starting out then you may want to think about using a demo account. These types of accounts let you practice stock trading in simulation mode – so you’re not actually risking any live funds. 
  • Security. The best brokers are accessible from a range of different countries and have strong regulation. It is possible to find brokers that are unregulated, however putting money with such firms is risky business. 
  • Reliability. A reliable platform can save you both time and money. If you’re taking lots of stock trades the last thing you’d want is for your platform to crash. You can check out customer reviews to find out how reliable a platform is. 
  • Ease of use. Some platforms can be extremely complicated especially for beginners. Searching for a stock trading platform that is easy to use like the ones we’ve recommended on this page will make your learning a much smoother experience. 
  • Educational content. Beginner stock traders should seek out platforms that not only let them buy and sell shares, but also have available lots of educational content. Some of the platforms on this page are great for beginners wanting to learn more. 
  • Deposit and withdrawal fees. Depending on the method you use to fund your account you may incur transaction fees. The best platforms don’t charge fees, or have very low fees when it comes to payments. 
  • Charting tools. Stock market traders often use things like technical analysis before buying and selling. You should look for a platform that has excellent price charts and additional technical tools. 

Should I use a stock trading platform for beginners?

Yes, if you’re new to stock trading then you should consider using one. In fact, it’s the only way you’ll be able to buy and sell shares on the stock market. Most platforms are suitable for all levels of experience, but the ones we’ve discussed on this page are the best choice for beginners. 

The best platforms can be used on mobile apps and via desktop computers. Most traders use a combination of both. It is easier to conduct analysis on a desktop computer with a large screen, while mobile apps make it easy to check on trades on the go. Stock trading platforms for beginners have lots of additional features like education and simple charting tools. 

Pros and cons of stock trading platforms

Below we’ve provided a summary of the pros and cons of using a stock trading platform for beginners. 

Pros

  • Low minimum deposits
  • Easy to practice on a demo account 
  • Social trading tools 
  • Access to other assets like cryptocurrencies
  • Some platforms charge low fees

Cons

What are the fees for stock trading platforms for beginners?

There is no set fee and it will vary depending on the broker you choose. However you’ll likely incur some fees when it comes to stock trading. Usually you will pay a spread, which is the difference between the buy and sell price of a share. Some platforms also charge commissions for each trade. Finally, you may have payment fees for depositing and withdrawing.

FAQs

What is the best stock trading platform for beginners?
Are stock trading platforms for beginners free to use?
How do I choose a trading platform?
Is it safe to use a stock trading platform for beginners
Can I have more than on stock trading platform?
Is a mobile app better than using a desktop stock trading platform?
Can I invest in other assets on a stock trading platform for beginners?

Sources & references
Risk disclaimer

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 >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.