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Best Stock Trading Platforms

If you’re getting into stock trading you’re probably looking around looking for the best platforms to use to trade. If your looking for a breakdown of the best platforms available, you have reached the right place!

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In this article, we will talk about the best stock trading platforms (apps, software & websites) you can find. But first, let’s break down how the stock market works, to analyze what company’s features best compliment your goals while trading in this market. 

What is the Stock Market? 

The stock market is a collection of exchanges and markets where traders can buy and sell companies’ shares. In this specific market, you have the ability to trade equity from multiple companies.

Stock market trading is performed on special regulated platforms regulated by the U.S. Securities and Exchange Commission (SEC). 

Within the stock market enterprises sell stake in their company to raise funds and investors or traders buy and sell the shares among them to try and get more profit out of them.

Within the stock market enterprises sell stake in their company to raise funds and investors or traders buy and sell the shares among them to try and get more profit out of them. Click To Tweet

And as in any other market, prices change depends on supply-demand fluctuations that affect the volume of shares being traded.

#FastFact: The stock market is one of the multiple financial markets that people invest in.

Try reading: How to Trade CFDs 

What to consider before choosing trading platforms

NerdWallet has developed a graph that shows the S&P 500’s historical performance since 1990. The S&P 500 is a U.S stock market index that tracks the performance of 500 large-cap companies to serve as a benchmark of the overall pulse of the American corporate economy

Since the mass participation of people in the stock market, in part thanks to trading sites, the S&P 500 has had phenomenal growth

As the graph shows stock the S&P 500’s returns have increased drastically over time. In part, this is due to the continuous growth of retail investors participating in the stock market.

#FastFact: The average daily volume of the largest e-brokers in December 2020 was 6.6 million shares, a record. In January 2021, average daily trades were at 8.1 million, a 23% increase.

Since retail investing shows no signs of slowing down and even you, the reader, may be thinking about taking part, it’s important to choose the best platform to do so.

If you’re looking to make long-term investments to profit from steady growth (as seen on the graph above). Then your platform should be one that is rather simple to use and charges the least on long-term trades. In some cases, it’s best to see if your current bank has a brokerage arm so that its easy to transfer funds between accounts

If you’re looking to make short-term moves, like in day trading. Then you should have a platform with great analytics tools, charts, as well as other useful features.

So let’s cut the preamble and take a look at the best stock trading platforms. 

Stock Trading Platforms

In this section, you may find the best stock trading platforms. Choose the one that suits your needs and your goals in the best way! 

When deciding between trading platforms, traders and investors should consider both the fees and features that come with the platform. 

Tradeview's MetaTrader 5 trading platforms allow retail investors to invest directly in the stock market

When choosing a platform, day traders and other short-term traders require specific features to assist them in quick decision-making. However, options traders may need tools that are designed to visualize options strategies.

Fees are another important consideration for choosing trading platforms. For example, traders who employ scalping as a trading strategy will gravitate towards platforms with low fees.

In general, lower fees are always preferable but there may be trade-offs to consider. For example, low fees may not be advantageous if they translate to fewer features and informational research.

Investors should also consider the reputation of the intermediary or broker before committing to a specific trading platform to execute trades and manage their accounts.

Best Stock Trading Platforms

This list was created by reviewing information published by The Balance. It includes the fees involved, the negative and positive aspects as well as some extra information, like account minimum and the name of the platform the broker offers

Tradeview 

TRADEVIEWPlatformASSETS TO TRADEACCOUNT MINIMUMFEES


Through the MT5 App


Site: tvmarkets.com/en/



Futures
Stocks



$100



9.95 per trade*
(can be adjusted)
POSITIVE ASPECTSNEGATIVE ASPECTS
Different account types (Individual, Joint, Corporate). You can trade in 100 markets in 24 countries. Has a multi-account function. You can trade with major exchanges listed in NASDAQ, AMEX, and NYSE from one account. 

No requotes, you can fund your account using credit/debit cards, transfers, and more. No charge for deposits or withdrawals.Complete Protection of client funds with segregated accounts at Tier 1 banks. You can do trading from your phone. Multiple secure deposit methods. 
24/7 Account Manager is only for accounts over $2,500.

TD Ameritrade 

TD AMERITRADEAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES




Thinkorswim 
TD Ameritrade

Education 
Retirement
Supports Standard
Others

Stock
Mutual Funds
Bonds
Options
ETFs


N/A
$0 for online stock, EFT, and option trade
$0,65 for each option contract
$25 for broker-assisted trades
$ 49.99 for no-load mutual funds
POSITIVE ASPECTSNEGATIVE ASPECTS 
Beginner and advanced mobile app slow-cost account Research sources Support for different assets and account types. There´s uncertainty about what’s going to happen to the platform after the Schwab acquisition. 

The tables above were constructed thanks to the information published by the balance.

Fidelity 

FIDELITYAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES






Fidelity Investments

Education 
Retirement
Support brokerage
Others

Stock
Mutual Funds
Fractional Shares Investing
ETFs





N/A
$0 for online stock, EFT, and option trade

$0,65 for each option contract
$32,95 for broker-assisted trades
$ 49.95 for no-load mutual funds
POSITIVE ASPECTSNEGATIVE ASPECTS 
Intuitive screen to enter trades and track performance social media-style feed research sources Support for different assets and account types. Best for beginners Almost nonadvanced charting options

The tables above were constructed thanks to the information published by the balance.

Webull

WEBULLAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES



Webull: Stocks, Options and ETFs

IRA
Support brokerage
Stock
Options
Cryptocurrencies
ETFs



N/A

$0 for online stock, EFT, and option trade
$8 – $45 for wire transfers
POSITIVE ASPECTSNEGATIVE ASPECTS 
The advanced chart features, commissions free stock, promotions, news, Interaction with other users paper-trading for virtual currency trading Best Free appLimited customer service, limited assets 

The tables above were constructed thanks to the information published by the balance.

SoFi

SoFiAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES




SoFi Investment Money and Buy Crypto

Cryptocurrency Accounts
Plus retirements 
Support Self-Directed and managed portfolios


Stock
ETFs
Cryptocurrencies




$1


$0 for online stock or EFT
1.25% for crypto transactions

POSITIVE ASPECTSNEGATIVE ASPECTS 
Low fees cash management accounts loan Products special events for members integrated learning resources customer-friendly app best for learning about tradingFew account types limited assets 

The tables above were constructed thanks to the information published by the balance.

Tastyworks

TastywordsAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES




tastyworks

Individuals and joint margin or cash accounts
Retirements 
Corporates
Trust
International accounts


Stock
ETFs
Futures




N/A


$0 for online stock or EFT trades

$1 per option on stock or EFT ($10 as a minimum)
$2.50 per option on futures 
$1.25 per futures contract
$0,85 futures e-micros contract 
POSITIVE ASPECTSNEGATIVE ASPECTS 
Advanced Trading Features Supported account types Capped fees on option trades best for options tradingLimited education resources high fees

The tables above were constructed thanks to the information published by the balance.

Ally

ALLYAPPsACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES







Ally





Support Self-directed
Managed Portfolios


Stock
ETFs
Options
Bonds
Mutual funds




N/A

$0 for online stock,  EFT, or option  trades

$0,50 per options contract
$20 plus regular commission fee for broker-assisted trades
$9,95 for no-load mutual funds
POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly Pair bank accounts with the trader investments in one app best with banking products Limited trade tools for expert traders Mobile app research limited

The tables above were constructed thanks to the information published by the balance.

Charles Schwab 

CHARLES SCHWABAPPsONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES




Charles Schwab


$0


$0


$25 for broker traders
POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly mobile and desktop apps $0 Commission The trader needs to pay for trader assistance

The tables above were constructed thanks to the information published by the balance

TradeStation 

TRADESTATIONAPPsONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES




TradeStation 

$0 
But it has a $10 desktop trade for TS Go accounts. 

$0 for TS Go accounts
$2,000 for TS Select accounts 
TS Select Desktop app charges the trader if the balance is less than $2.000
Fees for stock trade over $10.000
POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly and high-quality mobile and desktop apps Access to the advanced data feedA lot of fees

The tables above were constructed thanks to the information published by the balance

E*Trade

E*TRADEAPPsONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES



E*Trade

$0 
It charges up to $6.95 for OTC stock. 

$0 

$0
POSITIVE ASPECTSNEGATIVE ASPECTS 
Has been around since the 1980s, an app for beginners and expertsAcquisition by Morgan Stanley may bring changes in the near future

The tables above were constructed thanks to the information published by the balance

One of the best ways to look at the features of a trading platform from a broker is to try a demo account. A demo account not only shows you the features of the platform but a look into what operating with that broker would be like. Open a Demo Account With Tradeview Markets

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com