Stock trading platforms for a safe investment in 2023: 9 top picks

 

Stock trading platforms are one of the most essential pillars of the trading process of investing in stocks Whatever your expertise in the field of Stock, It is not possible to rely on this experience alone to achieve profits, but it is necessary to use a stock trading platform.

In the past, the use of these platforms was limited to experts in this field, but this has changed over the past years.

Now, most of these platforms provide an easy-to-use interface, low trading fees, and many other advantages. This has helped many stock investors enter this field easily and make huge profits from it.

However, a perplexing question remains. What are the best stock trading platforms? In this article, we introduce you to the best of these platforms and explain to you the most important things each platform offers.

Best trading platform for beginners

1. Fidelity

The Fidelity platform is considered one of the oldest and best platforms in the field of stock trading, from its inception in 1943 until before entering the digital world.

The Fidelity platform aims to help customers make profits easily by guiding them to the best investment that suits them, in other words, even if you want to invest in another field, the platform will help you in that, as it provides investment opportunities in many other fields.

Finally, the Fidelity platform provides some features and special offers to attract new clients and urge them to invest in stocks. Some offers give new users about $100 when adding $50 or more to their accounts for the purpose of trading in stocks.

Some features of the Fidelity platform

• A website that features an easy-to-use interface, especially for new customers.

• There is no minimum amount to open an account through.

• Provides offers to new customers on an ongoing basis.

• Provides many educational resources to its new and existing clients.

• It has a good reputation in the field of stock investing.

• It executes the investors' orders to buy and sell stocks quickly.

• Furthermore, it provides a virtual assistant to help investors make the best decisions about buying and selling their shares through it.

• Provides excellent customer service.

2. eToro

 

You may have heard about the eToro platform and its popularity in the forex field, however, it is considered one of the distinguished platforms in the field of stock trading. The platform provides its new clients with a demo account to help them learn and gain experience.

The demo account enables you to trade in stocks or invest in any other field offered by the eToro platform.

The platform has a special club for discerning clients that provides many distinctive financial analysis tools in the field of stock investment. Membership in this club may be a bit high, but it offers excellent features, including a special manager for your account on the platform.

Some features of the eToro platform

• The platform does not charge a commission for the stock trading operations that take place through it.

• The platform provides a large number of investment methods other than stocks, such as investing in forex and cryptocurrency trading.

• The platform has its own application that works on Android and IOS operating systems.

• The platform provides very helpful customer service.

• The platform provides several different educational resources, including a special academic one, to explain the basics of stock trading in the Arabic language.

• The platform provides several forms of rewarding its customers, such as commissions for referring friends and a special program for commission marketing.

• The platform does not charge any commissions for depositing into your account as long as it is made in US dollars.

3. Interactive Brokers

The Interactive Broker's platform is one of the preferred stock trading platforms for experts in this field. The platform is considered the strongest in the field of daily trading of financial assets such as stocks and others, or what is known as Day Trading.

The platform also provides a distinct number of necessary tools in the field of investing in stocks. Through the tools of the Interactive Brokers platform, you can analyze stock prices, their buying and selling rates, and much more.

The tools offered by the platform have helped it win a huge number of awards in this field. Finally, Interactive Brokers have low commission and margin rates.

Some features of the Interactive Brokers platform

• There is no minimum amount to open a trading account on the platform.

• The platform provides a free trial period during which you can use all the tools it provides.

• The platform provides a demo account to help beginners in the field of stock trading.

• You can convert your demo account into a real account in minutes with simple steps.

• The platform does not charge fees for closing the trading account, or in the event of inactivity on it for a long time.

• The platform has its own application that works on Android and IOS operating systems.

• The platform offers a variety of account types to suit investors' different experiences and investment styles.

• The platform supports the possibility of linking to specialized programs for managing investments and analyzing their data.

• The platform provides a variety of educational resources such as articles, short videos, and podcasts.

• The platform provides a special application that runs on a personal computer that enables investors to manage their investments on the platform.

4. TD Ameritrade

As a person looking for the best stock trading platforms, what are the features that you care about in the platform that you will use?

Are you looking for excellent customer service or low transaction fees? You may be looking for the most platform that provides educational resources for beginners in the field of stock investment. All this and more is provided to you by the TD Ameritrade platform.

What gives the TD Ameritrade platform an important position among stock trading platforms is the tools it provides in the field of investment research. These tools rely on globally reliable sources to provide investors with information, such as the Federal Reserve's economic database.

Some features of the TD Ameritrade platform

• There is no minimum amount to open a share trading account on the platform.

• The platform does not charge fees for stock and EFT trades.

• The platform provides customer service throughout the day, and through several means such as e-mail, phone, and others.

• The platform provides several powerful educational tools in the field of stock investing.

• The platform provides the latest tools for online investment in general, and in the field of stocks in particular.

5. Robinhood

The Robinhood platform is the first platform to cancel the fees for trading in stocks. This behavior attracted many investors to the platform. Rather, it can be considered the main reason that prompted the rest of the stock trading platforms to cancel their fees as well.

Other than that, it's a platform Robinhood One of the safest platforms in the field of stock trading platforms, as the platform provides a variety of methods for securing accounts, the most important of which is the multifactor authentication method.

Some features of the Robinhood platform

• The platform is easy to use.

• The platform offers a variety of investment methods, such as investing in cryptocurrencies and EFTs.

• There is no minimum amount to open a trading account on the platform.

• You can invest in the platform with the minimum amount you have (the platform declares that you can invest $1 or more).

• The platform provides its own bank card that is suitable for a large number of purposes, such as investment and purchase.

• The platform's bank card has a program through which you can earn rewards while buying or investing on the platform.

• The platform has a strong monetization program by marketing the platform and getting people to invest in it.

• The platform provides a variety of educational resources such as a dedicated blog and podcast.

• The platform does not charge commission fees for transactions made through it.

• The platform provides customer service that works throughout the day.

6. Webull

The webull platform is characterized by the ease of creating a stock trading account on it. You can create your account within minutes and start using the platform immediately, and it is a very easy-to-use platform, by the way.

The webull platform also provides the latest tools that any investor may need in the field of stocks. Finally, the platform uses the latest software technologies to provide reports on the movement of stocks and their statistics to help investors manage their stocks effectively.

Some features of the Webull platform

• There is no fee for setting up a webull trading account.

• The platform does not charge any fees for stock trading operations that take place through it.

• The platform offers many offers to its new clients, some of which give shares worth thousands of dollars.

• The platform has its own programs that run on personal computers and mobile phones of various systems.

• The platform's mobile app is excellent and easy to use.

• The platform provides an educational section that explains how to invest in areas such as stocks and cryptocurrencies from A to Z.

• The platform provides excellent customer service.

• The platform provides a different number of communication channels, such as telephone communication, social media, and others.

• The platform offers a variety of investment options other than stocks, such as American Depositary Receipts and cryptocurrencies.

7. E*TRADE

The E*TRADE platform is suitable for all categories of beginners, experts, and intermediate investors. While most stock trading platforms target a specific category of investors, this platform aims to help all categories of investors succeed and make profits.

The E*TRADE platform provides educational tools and means that enable novice investors to trade stocks easily and successfully. As for seasoned investors, the platform provides them with more advanced tools to suit their level of experience in this field.

In short, you can use the E*TRADE platform at various stages of your stock investment.

Some features of the E*TRADE platform

• The platform's tools are easy to use.

• There is no minimum amount to open an account on the platform.

• The platform provides a variety of tools for analyzing stock performance data.

• The platform provides a special section for beginners in the field of stock trading to explain the basics of this field to them.

• The platform provides the possibility of investing in various areas, such as stocks, bonds, and certificates of deposit.

• The platform does not charge a fee for trading on stocks.

• The platform provides excellent customer service throughout the day and through a variety of means.

• The platform has a program that gives investors bonuses for inviting their friends to sign up and add money to their accounts.

• The platform has an application that works on Android and IOS smartphone systems.

• The platform provides a range of automation options for the way you invest through it.

• The platform provides several educational sections commensurate with the different experiences of investors.

• Orders to buy and sell stocks are reviewed and executed by the platform management in a short time.

8. Charles Schwab

The educational resources provided by the Charles Schwab platform are not comparable to those found in any other platform, other than the diversity of these sources in content, they also vary in the method of display and classification.

You can easily find what you want to know about in the field of investing in stocks. Would you like to know how to start investing? No problem, there's a whole section for that. You'd rather listen than read. Browse the podcast section on the platform.

Access to Charles Schwab's educational platform resources is essential for all investors, even those who do not use it.

Some features of the Charles Schwab platform

• There is no minimum amount to open a trading account on the platform.

• The platform does not charge fees for the stock trading operations that take place on it.

• The platform provides a variety of investment options other than stocks, such as bonds and mutual funds.

• The platform provides a special section for tips, and learn how to invest automatically on the platform.

• The platform provides excellent customer support.

• The platform provides a special page to compare it with other platforms such as E*TRADE and Fidelity.

• The platform has an application that works on Android and IOS smartphone systems.

• The platform provides a large number of stock statistics and data analysis tools.

9. Merrill Edge

The Merrill Edge platform is a platform owned by the famous Bank of America in the field of international banking and investment services. This platform is the only one in today's article supported by one of the largest global investment institutions.

Bank of America's support for the Merrill Edge platform does not stop at the confidence that characterizes this bank in the field of investments. As an investor on this platform, you can benefit from the research that this bank is doing in the field of stock investment, and many other advantages.

Some features of the Merrill Edge platform

• The platform is easy to use.

• The platform does not impose a minimum amount to create an account on it, nor does it charge fees for trading stocks through it.

• Bank of America and Merrill Edge clients can manage their investments and savings simultaneously.

• Through the platform, you can invest in areas other than stocks, such as bonds and ETFs.

• The platform relies on globally trusted sources to conduct trading and investment research, such as The Wall Street Journal.

• The platform is characterized by excellent customer service available throughout the day and through a variety of means of communication.

• The platform provides a variety of accounts to suit the different goals of investors (educational account - retirement account).

• The platform has applications that run on smartphone systems (Android and IOS) but in the manner of displaying computer applications.

Tips for choosing the right stock trading platform for you

1. View and then view

Success in any investment field requires regular access to its news. Whatever your experience in stock trading, it will not dispense you access to developments in this field.

Of course, we do not mean here developments related to the movement of stocks and their prices, because following these developments is essential for any investor.

The intended reading here is to see the latest developments in this field. In terms of new mechanisms and methods that occur to it every once in a while, it is also essential to see everything related to stock trading platforms, even those that you do not use.

Stock trading platforms are constantly competing and racing with each other to attract customers and provide them with competitive advantages. If there is any lesson that can be learned from the Robinhood platform, it is that there is always a platform that will provide a competitive advantage over the rest of the platforms.

As an investor, the more you pay attention to the issuance of new features added by stock trading platforms, the more this will positively affect your investment.

When a feature is spread on the platforms, everyone shares in its success and profits. This means that using this feature early or at the beginning of its release gives you a greater share of its success and, therefore, greater profits.

2. Determine your style of using stock trading platforms

Some investors in the field of stocks prefer to rely on more than one platform in this field, while others prefer to use one platform. Of course, each category has its own motives and rationale, but each method has its own requirements to succeed in achieving appropriate profits for investors.

Investing in one trading platform helps you focus on managing your investments on it better.

However, this method requires that you trust this platform completely and understand it completely and clearly. This can be achieved by studying the platform and examining the experiences and opinions of users extensively, and trying it if possible.

Note that in this method, you are betting all your money to invest through only one platform.

In other words, any small technical error that may occur on this platform (and this is possible and even happened before) may cost you a lot of money, or at least it may cause you stress and anxiety.

Relying on several stock trading platforms may contribute to increasing your profits from this field as much as possible. This is due to the provision of each platform with exclusive features that are not found in other platforms, which affects profits in one way or another, and this is understandable.

Using more than one platform makes you benefit from the advantages of each one separately, and achieve a high-profit rate from your total investments in stocks.

Not to mention that it avoids the crisis that may result from the presence of a technical error on one of the platforms, because even if any error occurs, not all of your money will be exposed to danger, but rather the risk will be limited to those on the platform that was affected by the error only.

Well, are you confused? I understand that, and of course, I'm not forcing you to rely on one method over the other, I'm just pointing out that each has advantages and disadvantages that you should carefully consider before you start using stock trading platforms.

The appropriate method for you depends on several factors, such as the extent of your experience in dealing with stock trading platforms, your experience in investing in general, and other factors that you must determine, such as your willingness to take risks and others.

Most of these factors we talked about at length in the article Investing in stocks, which we advise you to review before entering this field.

3. Experience is the best guide

There is an endless number of stock trading platforms, and this number is accompanied by a greater number of articles that compare and evaluate these platforms, with all this number there is a high possibility of dispersion between them and the difficulty of determining the best platform that suits you.

Articles that evaluate and compare stock trading platforms are useful, of course, but your experience may differ from theirs. Determining your impression of a specific platform based on reviews and reading articles about it is possible, but it is not fully dependent on it.

We know that the experience is expensive, but it is better than depositing the amount of your investment in a platform and then discovering that it does not suit you later. Note that even if you stop investing in the platform that you do not like, you may face difficulties in recovering your money from it.

In the best of circumstances, you may be charged a fee for refunding the amount you have added on the platform, which however small is considered a loss.

After reading articles and reviews and browsing the platforms that are rated as the best in this field, try them out. There is more than one way to try these platforms, for example, you can rely on the demo accounts provided by platforms such as what is offered by the etoro platform.

You can also experiment with the platforms by investing in them with the lowest amount you allow. The purpose of this experiment is to determine how easy it is for you to use the platform and its performance in the field of investing in stocks in terms of performance, providing information, statistics, etc.

The experience here is not intended to compare the results mainly, because this depends on you and the state of the market to a large extent, however, the results are supposed to be similar, and the focus is on the tools and rewards offered by each platform.

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Conclusion

These are the best stock trading platforms that we have discussed in this article. Although there are other platforms in this field, we listed the best and most efficient ones. When was the last time you used a stock trading platform? Let us know what you think about it in the comments.