Once they reach a reasonable level of wealth, many people start to think about how to invest their capital. Perhaps, in the Stock Market, but they feel restrained by their ignorance on the topic.
And let’s be honest: usually, commoners do not know anything at all about finance.
Thankfully, today we have many tools to ease our journey towards a whole new level of knowledge, even on some difficult topic such as those regarding the financial world. Speaking of which, a great help might come from the web once discovered a trustworthy website.
That’s the case for OnlineTradingCourse.net, a very useful learning tool where anyone can find whatever he needs for starting a financial journey, especially for those interested in financial trading. Thanks to it, you can read about the newest strategy to start investing in stocks or find the best broker for your financial goals.
Starting from contents given by this valuable website, we’ll start our guide towards online trading following the sections which divide the site.
Best Trading Platforms
This section comes handy if you are a newbie trader who wants to point the attention directly to the best online brokers out there capable of delivering the perfect trading platform for your needs.
While there can’t be a 100% objective method to decide which one is the best platform between the dozens that you might find on the net, we still have useful criteria to rate and distinguish top tier brokers from low-tier broker or semi-scam services.
S-Tier online brokers usually includes in their brokerage services:
- Safety: top tier online brokers usually protect their trader funds by taking specific protective measures such as using segregated accounts within renowned banks or by using negative balance protection, which allow them to block funds once they start going below 0.
- ESMA Regulations: these brokers are extremely regulated and their operational departments are registered and authorised but many different regulatory commissions depending on the area they are. In the European case, they conform to the ESMA standards. The European Securities and Markets Authority (ESMA) is an European Union financial regulatory agency and European Supervisory Authority which has also issued many restrictive regulations towards online trading platforms.
- Zero Trading Fees: it means that no broker fee will be charged when you open or close a position on the market, while there may be other fees, like spread for example.
- Demo Account: it’s usually a free-trial demo where you can practice your trading knowledge by investing in any assets present on the platformy while using a virtual balance.
- Variety of Financial Assets: while most people tend to think only about stock trading, there are plenty of other financial assets available on top tier trading platforms. These include for example Forex pairs, ETFs and cryptocurrencies.
With that being said, there’s also another criteria which must be respected: personal criteria. Choosing a broker might be affected by many external factors, such as entry level, budget and other trader’s characteristics.
Within this OnlineTradingCourse.net section, you can also find out the list regarding the best trading platforms available. But the have chosen to speak about the most famous and important one, elected as the best broker and best platform by the website itself: eToro
The best broker: eToro
Founded in 2007 by Yori and Ronen Assia, two brothers grown in a banker family, the Israeli online broker is the most renowned broker on this list.
It became famous worldwide after the release I 2010 of its eToro OpenBook, a social investment platform which already included its most famous feature: the Copy Trader.
This feature enables any trader subscribed to the platform to copy another trader’s portfolio, usually a so-called Top Investor (a sort of trading-influencer). Thanks to it, every position open until then will be open and levelled in the copy-trader portfolio, and so it will be for the future position opened by the “copied” trader.
eToro it’s also a well-rounded regulated company which has its main operational department situated in Tel Aviv, in the Champion Motors Towers, one of the most recognizable skyscrapers of Israel. Its other legal entities are divide in:
- eToro AUS Capital Pty Ltd.: authorised by the Australian Securities and Investments Commission (ASIC). License number 491139.
- eToro (Europe) Ltd.: authorised by the Cyprus Securities & Exchange Commission (CySEC). License number 109/10
- eToro (UK) Ltd.: authorized by the Great Britain national authorities of the Financial Conduct Authority (FCA). Company reference number 583263.
- eToro USA LLC.: authorized by the FinCEN and registered by it as a Money Services Business.
This broker embraces also the protection standards mentioned before and has both segregated accounts in top tier banks and the negative balance protection for its trader portfolios.
On top of that, eToro gives to its future customers and traders the possibility of opening a demo account, which has many interesting and useful features. Most of all, it will enable you to invest on any asset present on the eToro trading platform thanks to a virtual balance which can go up to $100,000. This practice account is absolutely free of charges.
Honourable Mentions
Our trustworthy source, OnlineTradingCourse.net, selected also other 3 best trading platforms between the dozens and dozens of brokerage services available online.
These includes:
- IQ Option: it is a legit broker which operates thanks to a very safe and trustworthy trading platform implemented by the broker itself. IQ Option possesses all the authorization needed to operate in Europe, which includes a CySEC license. Its main PROs include: minimum deposit of only 10 euros, a no-restrictions free demo account, free trading courses for its traders, instant deposit, instant withdrawals, and a mobile phone app available on both IOS and Android.
- Trade.com: another top-tier broker regulated by the European financial authorities and in possession of a regular CySEC license registered under the number 227/14. Thanks to Trade.com you can trade in many assets without having to pay any trading fees. Its main assets include: FX pairs, stocks, bonds, ETFs and cryptocurrencies.
- Investous: it is a less famous broker if compared to the above mentioned ones, but it possesses all the characteristics of a top-tier trading platform. It is a well-regulated broker in possession of a CySEC license with number 267/15. It is famous mainly for its low spreads and for its variety of accounts, which are divided in: Basic, Gold, Platinum and VIP.