If you wish to invest in companies such as Tesla (TSLA), Apple (AAPL), Google (GOOGL), or Facebook (META), you will require a trading account with an online broker.
Since each platform for stock trading is unique, and now, with every stockbroker offering $0 ETFs and stock trades, picking which one to use boils down to minor factors.
Investors should examine investment opportunities, analytic tools, market analysis, primary education, service and support, and convenience when selecting a broker.
Best Trading Platforms of 2022 for Beginners
TD Ameritrade Inc.
TD Ameritrade is one of the best trading platforms for beginners due to its effectiveness in offering investor education. Aside from a comprehensive educational framework, novice investors will find TD Ameritrade simple to use and manage.
The platform is extensive without being confusing. Moreover, the firm has the resources, services, and assistance to help new traders grow in the long haul.
- Rating: 4.5
- Minimum Account Balance: $0
- Fees: No commissions on stocks, ETFs, or per-leg options trades. Each option contract costs $0.65.
Fidelity Investments Inc.
Fidelity Investments is one of the major brokers in the United States and serves a wide range of consumers, from rookies to specialists. It is self-directed for those preferring highly-customized guidance. It offers a wide range of tools, information, resources, and simple order input to the casual, buy-and-hold investor.
Fidelity’s mobile app allows you to buy and sell stocks (including fractional shares), mutual funds, ETFs, and options. The app is extensive, with many of the same features as the desktop version. However, charting and fundamental analysis are restricted, and conditional trading is unavailable.
- Rating: 4.8
- Minimum Account Balance: $0
- Fees: $0 for stock/ETF trades, plus $0.65 per contract for option trades.
E*TRADE
E*TRADE’s streamlined website and mobile app are suitable for both new and seasoned investors and allow quick and easy access to the most relevant features. It also has simple navigation to assist clients in transitioning rapidly from research to trading.
As they develop experience, investors can upgrade to a platform similar to the primary platform but with more complex tools and customizing choices. This Power E*TRADE also has a mobile app, allowing you to enhance your investment game and upgrade to both the desktop and the app when you are ready.
- Rating: 4.5
- Minimum Account Balance: $0
- Fees: There are no commissions for stock/ETF trades. Depending on trading volume, options cost $0.50–$0.65 per contract.
