Top Trading Platform Review, With hundreds of providers available on the Internet, choosing the most suitable trading program for your needs is not an easy task.
For example, not only does the platform need to have a great reputation and access to the chosen financial market, but it also needs to offer competitive commissions and top-notch customer support. You should also consider the metrics around trading tools, educational resources, and chart indicators.
Top Trading Platform Review
Capital.com - Best Trading Platform by Account Types
eToro - Overall the best trading platform
Libertex - CFD trading platform without spreads
1. Capital.com – Best Trading Platform by Account Types
Capital.com offers users the ability to trade over 3,000 financial instruments, including stocks, currencies, indices and commodities. The broker has more than 360,000 clients in the UK and more than 780,000 worldwide. In 2019, the total volume of assets operated by its clients reached a figure of more than 85,000 million dollars.
It is always good to trade with a broker that processes so many transactions with many clients. This means they have the conditions and support to help you too! In fact, the broker offers a lot of peace of mind as it is licensed and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Due to this high level of regulatory oversight, they offer retail clients a negative balance protection policy, further segregating client funds from their own.
With Capital.com, users can access a wide range of different account types, including a CFD (contracts for difference) account and a spread betting account. Both accounts offer traders the ability to trade using margin. Effectively, this means that you can control a large position with a small deposit, which is held as margin to open the trade.
Another great feature is that Capital.com does not charge any commission for opening and closing trades, nor for making deposits or withdrawals. They make money mainly through the spread, which is the difference between the bid and ask price of an instrument, as well as swaps or overnight fees that are paid when positions are held open beyond 10pm GMT.
Capital.com also provides some of the best trading platforms in the industry, giving you access to the MetaTrader 4 platform, TradingView, and the broker's proprietary web-based trading software. All of these options are simple to use and easily accessible.
The broker's educational resources are also impressive, with many trading guides covering Forex, ETF or stock trading, trading strategies and other topics. Online courses are also ideal for beginners and advanced traders, as is the Capital.com TV channel that offers live market analysis.
Getting started with Capital.com is also super easy. They only ask for a minimum deposit of 20 EUR, 20 USD or 20 GBP, which can be made without fees via debit/credit card, bank transfer, iDeal, Webmoney, Sofort, Trustly and other electronic wallets.
Advantages:
Regulated by the FCA and the CySEC.
Operation without commissions.
Deposits and withdrawals without commissions.
Very competitive spreads: EURUSD only 0.6 pips.
Spread betting and CFD trading accounts available.
Multiple trading platforms to choose from.
Wide range of markets.
Disadvantages:
An investment account is not available.
2. eToro – Overall Best Trading Platform of 2022
After studying hundreds of online providers, we found that eToro is the best trading platform to consider in 2022 . To begin with, the broker is perfect if you are just starting out in the world of online trading. The reason is that the platform is very easy to use and allows small operations.
For example, the minimum deposit is only 200 USD and you can trade from 25 USD. As for what assets you can trade, eToro gives access to quite a few asset types. The list includes 2,400 stocks from 17 different markets. For example, you can buy shares of companies based in the US, Canada, UK, Hong Kong and on many European stock exchanges.
eToro also allows you to trade over 250 ETFs and 16 cryptocurrencies. If you want to trade commodities, the platform offers everything from gold and silver to oil and natural gas. And of course eToro also has support for many forex pairs. And, most importantly of all, you can trade on all financial markets offered by eToro commission-free. You also won't have to pay recurring fees, so eToro is a great trading platform for those looking for a low-cost provider.
Another reason why eToro is at the top of our list is that the beginner trading program offers passive investment tools. For example, through its CopyPortfolio functionality, you can take advantage of a professionally managed investment strategy. This means that the eToro team will buy and sell assets on your behalf.
There are many strategies to choose from, for example focusing on technology stocks, cryptocurrencies or even renewable energy. There is also the eToro Copy Trading tool. With it you can choose an experienced trader you like and copy all his future trades.
For example, if the trader allocates 3% of his portfolio to Apple stock and 2% to IBM, his portfolio will do the same. As for the basics, eToro allows you to deposit funds via debit card, credit card, bank transfer, or e-wallet like Paypal or Skrill. The trading platform is regulated by the FCA (UK), CySEC (Cyprus) and ASIC (Australia), proving that it takes client security seriously. For those living in the US, eToro is registered with FINRA.
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Advantages:
Super easy to use trading platform.
Buy stocks without paying commissions or securities trading charges.
More than 2,400 securities and 250 ETFs listed in 17 international markets.
Trade cryptocurrencies, commodities and forex.
Deposit funds via debit/credit card, eWallet or bank account.
Possibility of copying the operations of other users.
Regulated by FCA, CySEC and ASIC and registered with FINRA.
Disadvantages:
Not suitable for advanced traders who wish to carry out technical analysis.
3 . Libertex – Cheap CFD trading platform with zero spreads
Libertex is a CFD trading platform popular with Latin American traders looking for low fees and commissions. As an outstanding feature we have the offer of zero spreads of the platform. This means that no matter which asset you decide to trade, there is no difference between the bid and ask prices.
Consequently, this allows you to benefit from the best prices in the sector. Also, although Libertex charges a commission on each side of the trade, it is often very low. In fact, commissions are usually less than 0.1% per trade.
As an example, you can trade the popular currency pair NZD/USD with a commission of just 0.012%. Regarding supported markets, Libertex offers CFDs on securities, commodities and currencies. As a CFD specialist, you can use leverage on every trade you make.
Of course, always within the trading limits imposed by Europe, so that the maximum leverage will be 1:30 in major currency pairs and less in other instruments. All CFD markets at Libertex give you the option to go long or short. This allows you to take advantage of both uptrends and downtrends. Libertex offers two trading platforms to choose from.
This includes MetaTrader 4 and its own in-house developed platform. Both options give access from a computer or from a cell phone through the corresponding app. In the case of MT4, you can download and install it on your computer, which is the only way to use an automatic trading robot, if you wish.
If you like the sound of Libertex, you can open an account in a few minutes. The minimum deposit is only 100 USD and you can use a credit/debit card, bank transfer or e-wallet. Once you have made your first deposit, subsequent deposits have a minimum amount of just 10 USD.
Security-wise, Libertex is regulated by the largest licensor in the EU, CySEC. In addition, Libertex has been offering online trading and financial services since 1997. Thus, this provider has a history of more than two decades.
Advantages:
CFD trading with zero spreads.
Very competitive commissions, starting at 0%.
Good educational resources.
Broker with a long history.
Compatible with MT4
Wide variety of markets.
Disadvantages:
It only has CFDs.
