Best Online Trading Platforms

Online trading platforms have dramatically reduced costs for both investors as well as discount brokers along with low commissions and fees for trades. However, like with most industries, the market is filled with several vendors offering online brokerage services, with more cropping up almost on a regular basis. This article aims to serve as a list of all the reputed and profitable online broker sites which offer the top trading platforms.

 

  1. ETX Capital
  • Minimum Deposit: £/€/$100
  • Leverage: up to 300:1
  • Demo Account: Yes
  • Payment Methods: Bank Wire, Credit Cards, Giropay, Neteller, Skrill, Sofort
  • Currencies Used: EUR, GBP, USD
  • Language Support: English, Czechoslovakian, Danish, German, Spanish, Italian, Polish, Slovenian, Chinese

Founded in 2002, ETX Capital is a UK based online brokerage site, authorised and regulated by the Financial Services Authority.  It is known for offering multi-asset and multi-market derivatives through CFDs and is a member firm of the London Stock Exchange.

Features: Standout features include four different trading platforms, such as the ETX Binary for Binary options trading specifically. Other platforms include ETX Trader, ETX Trader Pro, and Meta Trader 4, a well-known trading platform used worldwide.

Advantages: ETX Capital offers traders tight spreads on a range of products. Some of these include Forex spreads which start at 0.7 pips for EUR/USD; Equities which offer 0.008% indicative spreads for some stocks as well as minimum spreads for commodities starting at 3 pips. Leverage rates set at 100/1 for many normal products and 400/1 in case of some MT4 products.

 

  1. XM Broker
  • Minimum Deposit: £/€/$5
  • Leverage: Up to 1:888
  • Demo Account: Yes
  • Payment Methods: Bank Wire, Credit Cards, Boleto, CashU, Fasapay, Giropay, iDeal, Neteller, Paysafecard, Przelewy24, Qiwi, Skrill, Sofot, WebMoney
  • Currencies Used: AUD, CHF, EUR, HUF, GBP, PLN, JPY, RUB, SGD, USD, ZAR
  • Language Support: AR, BN, CS, DE, EL, ES, FA, FR, HU, ID, It, JA, KO, MS, NL, PL, PT, RU, SV, TH, TL VI, ZH, ZHT

 

Formerly known as XE Markets, XM is a trading name of Cyprus based Trading Point Holdings LTD and regulated by CySEC in Cyprus, ASIC in Australia, FSP in New Zealand, and the FCA in the UK.  XM allows their investors to access currency trading while also offering other services like CFDs, Equity indices, Energies and even precious metals.

Features: XM believes in a face-to-face basis working policy, which is why the management has visited over 120 cities around the world to connect with their clients. This is readily noticeable by XM’s high client retention rate as compared to other forex brokers. It also has a learning centre which hosts weekly webinars in 13 different languages.

Advantages: XM’s advantages lie in the bonuses and promotions which are rolled out on a regular basis. It also has an impressive and responsive customer support unit which typically is available round the clock. They also accept Money grams and Western Union as payment.

  1. IC Markets
  • Minimum Deposit: £/€/$200
  • ECN: £/€/$200 (Min. Deposit)
  • Leverage: Up to 500:1
  • Demo Account: Yes
  • Payment Methods: Credit Cards, Bank wire, Paypal
  • Currencies Used: AUD, CAD, EUR, JPY, GBP, NZD, SGD, USD
  • Language Support: EN, JA, RU, ZH

IC Markets, short for International Capital Markets was established in 2007 offering ECN and CFD brokerage services. It is based in Sydney, Australia and is regulated by ASIC. It is known for offering two of the best trading forex platforms available; namely the cTrader and MetaTrader (with both 4 and 5).

Features: IC Markets has a tool called Multi Account Manager, allowing traders to combine real-time reporting of performance and commissions with flexible allocation methods all through a user-friendly interface, all the settings are automatically synced and integrated with the MetaTrader servers. Hence it is best suitable for expert advisors or money managers.

Advantages:  The main advantage of IC Markets is the spread of commodities it offers. This includes Brent Crude and WTI oil CFDs and Natural Gas as a futures CFD contract. Both have margin rates of 100:1. IC Markets also have Gold, Silver as metals, which can be either traded as a CFD or against the Dollar or the Euro.

  1. FXCM
  • Minimum Deposit: £/€/$50
  • ECN: £/€/$200 (Min. Deposit)
  • Leverage: Up to 1:200
  • Demo Account: Yes
  • Payment Methods: Credit Cards, Wire Transfer
  • Language Support: AR, ZH, EN, FR, DE, IT, ES

Headquartered in the UK, FXCM was established in the year 1999, making it one of the oldest on this list.

Advantages: FXCM is known for being a trading broker for beginner traders dealing with Forex as well as commodities, CFDs and indices trading. Their customer support is efficient and timely, with full 24/7 coverage. It also supports Meta Trader 4.

Online brokerage services have now evolved to be a lucrative and internet friendly way to stock market investing, almost replacing the traditional way of stock market brokerages in the modern age.

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