Buying and selling stocks online has never been easier. You now have dozens, if not hundreds of stock trading platforms that allow you to trade stocks with low fees and account minimums.
On the other hand, this means that choosing the right online stockbroker for your needs can be difficult.
In this guide, we review the five best stock trading platforms for beginners in 2022 – along with a quick overview of how to open an account with the provider of your choice.
The Best Stock Trading Platforms for 2022
Below is a list of the best stock apps on the market right now.
- eToro – Best Overall Stock Trading Platform 2022
- Webull – Great stock trading platform with low fees
- Stash – The Best Mobile Stock Trading for Beginners
- Fidelity – Stock trading platform with thousands of markets
- TD Ameritrade – Suitable Stock Broker for Seasoned Traders
You need to consider many factors when choosing a stockbroker. As such, you will find reviews of the stock trading platforms above below.
Top 5 Stock Trading Platforms Reviewed
While choosing the best stock trading platform for your financial goals and investment skills, you need to consider metrics around fees, supported markets, usability, and more.
Below, we discuss five top-rated stock trading sites that offer something for all investor profiles.
1. eToro – Best Overall Stock Trading Platform 2022
eToro.com is a premier stock trading platform that is especially suitable for casual investors looking to access thousands of markets at low fees. In total, you will be able to trade stocks from over a dozen US and international exchanges – all of which require a minimum stake of just $10. This is because eToro supports fractional stock trading.
Plus, whether you’re trading US or foreign stocks, you won’t be charged a single cent in commission. We also like that spreads at eToro are tight – with many stocks 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 there are no fees for USD payments.
This means you can instantly fund your account with a debit/credit card, e-wallet or bank transfer without paying 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 investing strategy through the Copy Trading tool.
This popular feature lets you choose a seasoned stock trader and choose to automatically copy their positions – in proportion to the amount you invest. You can also invest in predefined portfolios via the Smart Portfolio tool – which are managed by the eToro team. And finally, eToro is authorized and regulated by the SEC – so security is assured.
Trade stocks at 0% commission on eToro now.
Your capital is in danger.
2. Webull – Great Stock Trading Platform with Low Fees
Webull is one of the best stock trading platforms in the US for low fees. Indeed, you can trade stocks listed in the United States without paying commissions. This 0% commission pricing structure is also the case for ETFs. You can also access this brokerage’s stock options – if you want to trade more sophisticatedly.
Getting started with a Webull account requires no minimum deposit. You can transfer funds via ACH or wire transfer, although the latter will cost you $8 in transaction fees. Webull can be accessed online or through its mobile app – free to download and available on 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 in danger.
3. Stash – Best Stock Trading Platform for Beginners
Stash is one of the best stock trading platforms for beginners, especially because you only need a minimum investment of $5. This is the case regardless of the price of the respective stock – which is ideal for gaining exposure to expensive stocks like Tesla or Amazon.
Like eToro and Webull, Stash is available both as an online stock trading site and as a mobile stock market app. Both platforms are very user-friendly, so beginners should find Stash suitable for their skill set. 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. This includes not only stocks listed in the US and overseas, but also many index funds, ETFs, mutual funds, bonds, and more. At Fidelity, you can access fractional shares starting at just $1 if the company is listed on NASDAQ or NYSE.
Additionally, stocks listed in the United States can be traded at 0% commission. If, however, you plan to trade foreign stocks at this brokerage, you will pay a premium. However, Fidelity does not require a 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 – Appropriate Stock Broker for Seasoned Traders
Launched in 1975, TD Ameritrade is perhaps the best stock trading platform in the United States for seasoned investors. Indeed, the platform gives you access to a large number of advanced tools and features, filled with technical indicators, stock filters, customizable charts, fundamental research, and more.
How to choose the best stock trading platform for you
We mentioned earlier that when trying to find the best stock trading platforms for your skill set, there are a number of essential factors to consider.
In the sections below, we explain the most important considerations to make when choosing a stockbroker to buy stocks from and buy stocks at.
Range of actions
Many stock trading platforms will only give you access to stocks listed on the two major US exchanges – the NYSE and NASDAQ.
While this covers the biggest US-based companies, some of you might be looking to branch out into international markets.
At eToro, for example, you can also invest in stocks listed in the UK, Europe, Canada, Saudi Arabia, Hong Kong, and more.
Costs
Besides TD Ameritrade, all of the major stock trading platforms we’ve reviewed previously allow you to buy US-listed stocks with 0% commission.
However, eToro was the only provider to also offer 0% commission on international stocks. Additionally, you should also check what fees apply to deposits.
For example, Webull charges $8 when you fund your account via wire transfer. While eToro, on the other hand, allows fee-free deposits across all of its supported payment methods.
Tools and features
Depending on the stockbroker you choose, you may have access to a host of tools that allow you to streamline your investment decisions.
For example, TD Ameritrade offers a very advanced platform full of technical indicators and fundamental research tools.
At eToro, you can trade passively through the Copy Trading tool – which will allow you to copy the positions of an expert stock investor.
eToro also offers smart wallets that follow a wide range of strategies, all managed by professionals.
payment methods
You will need to fund your stock trading account before you can start buying and selling stocks.
As such, before signing up with your chosen broker, check if they support your preferred deposit type.
At eToro, customers can deposit US dollars via wire transfer, ACH, debit/credit cards, and even e-wallets without paying any fees.
Conclusion
This guide has reviewed the top five stock trading platforms currently on the market for safely investing in stocks in 2022.
We found that overall, eToro stands out as the best overall provider, especially because you can trade thousands of stocks listed in the US and overseas with 0% commission.
We also like that eToro supports fractional stock trading starting at just $10.
Open a stock trading account with eToro.
Your capital is in danger.
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