Trading is buying and selling in financial markets. People who trade are called traders. They can work for large institutions or be self-employed and trade for their own account. But then which broker to choose?
1 – EToro
It is a platform that allows us to trade in a simplified way. It was created in 2007 in Israel by Yoni Assia. With over 1700 employeesthe company has more than 10 offices in the world. There
platform has a website and a mobile application, which makes eToro to be accessible to all. EToro owns a lot of financial instruments such as currencies, stocks, crypto-assets and many more.
Benefits :
- Easy to understand and ergonomic
- Multi-assets (ETFs, indices, stocks)
- Coaching
- Low fees and 0% commission
- Free insurance up to 1 million euros
- Large community of traders
- Customer service available
- CopyTrader
- Secure and reliable
- Demo account available for practice
Disadvantages:
- Transfer and deposit fees
- Minimum deposit of €200
- Absence of tax optimization
- Charges €10 for inactive months
- €5 fee for each withdrawal
- Withdrawal from €50 for a withdrawal
2-Avatrade
” The platform favorite the French “. It is one of the most famous platforms in the trading world. Avatrade was founded in 2006 and is headquartered in Ireland. The company brings together more than
200,000 users worldwide. $30 billion in global trading volume so far. 2 million transactions each month. Avatrade is a giant in the world of European trading and also in the world.
Benefits :
- Easy to use and ergonomic
- Customer service available
- Reliable and secure
- Demo available to practice
- Copytrader
- Customers more than satisfied
- Very well done app
- Pleasant site and good visuals
- No commission on currency trading
- No commissions on CFDs
- Good tutorial to start trading
- No deposit fees
- No withdrawal fees
- No transaction fees
Disadvantages:
- Fees unknown from time to time
- Few offers for financial instruments
- No Crypto Wallet
- Minimum deposit €100
3-XM
It is a platform created in 2009 for Forex trading only. Its head office is in Cyprus. Available in over 196 countries and with over 5 million users. And with a number of transactions made that exceeds 2.4 billion. XM is the platform par excellence for people who wish to trade financial currencies (forex). The platform has very high and convenient leverage. XM suitable for a diverse global clientele. Available in several languages.
Benefits :
- Secure payment
- 30 languages available
- No unknown fees
- No deposit fees
- No transaction fees
- Easy to use app
- Adapted and simple website
- Good Customer Service
- 16 trading platform
- 5 million users
- Reliable and safe
- Contact with customers
- Demo account
- Crypto wallet available
- Open 24/7
- Allows scalping
- Negative Protection
- Allows coverage
- Good regulation
- Leverage
Disadvantages:
- With high minimum deposit
- No VPS
- Limited platform
- Low-end broker made for beginners
- Only for Forex
4 – Exness
The Exness trading platform was created in 2008 by Petr Valov and Igor Lychagov. It is a Forex broker only. He is a big figure in the world of Forex and online trading. The application is very transparent and easy to use. Trading costs and spreads are low. Customer service is available in over 13 different languages. Unlike the competition, the most important point of the platform is the minimum withdrawal which amounts to 1 €. And the trading fees are very low. The application still has many advantages.
Benefits :
- Seamless app
- Easy to use
- Low trading cost
- Low spreads
- Customer service available in 13 languages
- Minimum withdrawal €1
- Demo account
- Tutorial available in the platform
- Multiple cards accepted
- Webinars and seminars available
- 24/7 service
- Protects against negative balances
- Regulated by CySEC, FCA
- No commission
- 100 accounts per AP
- crypto account
- Used by over 10,000 traders
Disadvantages:
- Withdrawal fees
- No ECN
- Limited trading instruments
- No CFD and ETF trading
5-XTB
XTB company was founded in 2002. It is one of the best trading applications worldwide. And a reference in the middle of online trading. The platform is available in several countries around the world. There
platform is easy to access and easy to use. Thanks to the platform you will be able to trade Forex, indices, commodities, ETFs and many others. The platform is fully customizable and there are tutorials for beginners. Seminar and webinar also available. XTB is a globally recognized application suitable for beginners.
Benefits :
- Zero commission
- more than 2000 shares
- Easy to use tools
- Customer service available 24 hours a day
- No minimum deposit
- No commission on trades
- Suitable for beginners and professionals
- Very low brokerage fees
- Many financial instruments
Inconvenience :
- Quite long processing of withdrawals
In conclusion
To answer the question “which platform to use for trading”. It will depend on what you are trading and what preferences you have. For example, if you want to have customer service available 24 hours a day, no minimum deposit or otherwise.
