Never before has it been so easy to buy and sell stocks online. You now have dozens – even hundreds of stock trading platforms that allow you to trade stocks with low fees and small account minimums.
On the other hand, this means that picking the right online stock broker for your needs can be challenging.
In this guide, we review the five best stock trading platforms for beginners in 2022 – alongside a quick walkthrough of how to open an account with your chosen provider.
The Best Stock Trading Platforms for 2022
Below you’ll find a list of the overall best stock apps on the market right now.
You need to consider lots of factors when choosing a stockbroker. As such, you will find reviews of the above stock trading platforms further down.
The Top 5 Stock Trading Platforms Reviewed
In choosing the best stock trading platform for your financial goals and investing skills – you need to consider metrics surrounding fees, supported markets, user-friendliness, and more.
Below, we discuss five top-rated stock trading sites that offer something for all investor profiles.
1. eToro – Overall Best Stock Trading Platform 2022
eToro.com is a top-rated stock trading platform that is particularly suited for casual investors that seek access to thousands of markets at low fees. In total, you will be able to trade stocks from more than a dozen US and international exchanges – all of which require a minimum stake of just $10. This is because eToro supports fractional stock trades.
Moreover, regardless of whether you are trading US or foreign-listed stocks, you won’t be charged a single cent in commission. We also like the fact that spreads at eToro are tight – with many equities averaging just 0.20%. When it comes to opening an account, you only need to deposit $10 if you’re based in the US or UK – and no fees apply to USD payments.
This means that you can instantly fund your account with a debit/credit card, e-wallet, or bank transfer without paying any transaction fees. In addition to stocks, eToro also gives you access to ETFs, forex and commodities at low fees. You can also engage in a passive investment strategy via the Copy Trading tool.
This popular feature enables you to pick a seasoned stock trader and elect to copy their positions automatically – proportionate to the amount that you invest. You can also invest in pre-made portfolios via the Smart Portfolio tool – which are managed by the eToro team. And finally, eToro is authorized and regulated by the SEC – so safety is assured.
Trade Stocks at 0% Commission on eToro Now.
Your capital is at risk.
2. Webull – Great Stock Trading Platform for Low Fees
Webull is one of the best stock trading platforms in the US for low fees. This is because you can trade US-listed stocks without paying any commissions. This 0% commission pricing structure is also the case for ETFs. You can also access stock options at this brokerage – should you wish to trade in a more sophisticated way.
Getting started with a Webull account requires no minimum deposit. You can transfer funds via ACH or bank wire, albeit, the latter will cost you $8 in transaction fees. Webull is accessible online or via its mobile app – which is free to download and available on both iOS and Android devices. Finally, Webull also offers margin trading services – but this requires a minimum deposit of $2,000.
Trade Stocks on Webull Now.
Your capital is at risk.
3. Stash – Top Stock Trading Platform for Beginners
Stash is one of the best stock trading platforms for beginners – not least because you only need to meet a minimum investment of $5. This is the case regardless of how much the respective stock is priced at – which is ideal for gaining exposure to expensive equities like Tesla or Amazon.
Much like eToro and Webull, Stash is available as both an online stock trading site and a mobile stock app. Both platforms are very user-friendly, so beginners should find Stash suitable for their skillset. In addition to US-listed stocks, Stash also gives you access to ETFs.
4. Fidelity – Stock Trading Platform With Thousands of Markets
Fidelity is a traditional stock brokerage site that gives you access to thousands of markets. Not only does this include stocks listed in the US and overseas, but plenty of index funds, ETFs, mutual funds, bonds, and more. At Fidelity, you can access fractional stocks from just $1 if the company is listed on the NASDAQ or NYSE.
Moreover, US-listed stocks can be traded at 0% commission. If, however, you’re thinking about trading foreign equities at this brokerage, you will pay a premium. Nevertheless, Fidelity requires no minimum deposit when opening a standard self-directed account. Margin trading tools are also offered, but, again, this requires a much higher minimum deposit.
5. TD Ameritrade – Suitable Stock Broker for Seasoned Traders
Launched in 1975, TD Ameritrade is perhaps the best stock trading platform in the US for seasoned investors. This is because the platform gives you access to a large number of advanced tools and features, packed with technical indicators, stock screeners, customizable charts, fundamental research, and more.
How to Choose the Best Stock Trading Platform for You
We mentioned earlier that when attempting to find the best stock trading platforms for your skillset – there are a number of core factors to look at.
In the sections below, we explain the most important considerations to make when choosing a stock broker to buy stocks and buy shares at.
Range of Stocks
Many stock trading platforms will only give you access to stocks listed on the two primary US exchanges – the NYSE and NASDAQ.
While this covers the largest US-based companies – some of you might look to diversify into the international markets.
At eToro, for example, you can also invest in stocks listed in the UK, Europe, Canada, Saudi Arabia, Hong Kong, and more.
Fees
Apart from TD Ameritrade, all of the top stock trading platforms that we reviewed earlier allow you to buy US-listed stocks at 0% commission.
However, eToro was the only provider that also offers 0% commission on international stocks. Moreover, you also need to check what fees apply to deposits.
For instance, Webull charges $8 when you fund your account via a bank wire. While eToro, on the other hand, permits fee-free deposits on all of its supported payment methods.
Tools & Features
Depending on your chosen stock broker, you might have access to an abundance of tools that allow you to streamline your investment decisions.
For example, TD Ameritrade offers a highly advanced platform that is packed with technical indicators and fundamental research tools.
Over at eToro, you can trade passively via the Copy Trading tool – which will see you copy the positions of an expert stock investor.
eToro also offers Smart Portfolios that track a wide range of strategies – all of which are professionally managed.
Payment Methods
You will need to fund your stock trading account before you can start buying and selling equities.
As such, before registering with your chosen broker, check to see if it supports your preferred deposit type.
At eToro, clients can deposit US dollars via bank wire, ACH, debit/credit cards, and even e-wallets without paying any fees.
Conclusion
This guide has reviewed the five best stock trading platforms on the market right now to safely invest in stocks in 2022.
We found that across the board, eToro stands out as the overall top provider – not least because you can trade thousands of US and foreign-listed stocks at 0% commission.
We also like that eToro supports fractional stock trades from just $10.
Open a stock trading account at eToro.
Your capital is at risk.
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The above content is non-editorial, and BCCL hereby disclaims any and all warranties, expressed or implied, relating to the same. BCCL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The article does not constitute investment advice. Law relating to virtual digital assets/ crypto technology is evolving. Readers to comply with all applicable laws, including but not limited to applicable taxation laws. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. Above Content does not promote, suggest or present the Crypto to be a way to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity.
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