June 1st, 2022 | Updated on June 22nd, 2022
Stock trading is surging in popularity, and every day, new investors are trying their luck in the market. To start stock trading ventures, you must stay familiar with how the market works.
In addition, you need to decide on the best stock trading method based on your skill level. For instance, you could invest in companies’ stocks and sell them later when the prices increase for profits. Alternatively, identify the best stocks and trade them as derivatives (CFDs) without taking ownership of the assets.
Besides identifying a suitable stock trading method, you need a reliable stock broker to maximise your experience and profitability. Here is where many traders fall short since they cannot identify the best.
Luckily, we recommend the top 10 online stock brokers right now that have been tested and highly recommended by professional researchers. Remember, these brokers have varying features. Therefore, compare them and ensure you settle with the one meeting your stock trading requirements.
1. IG Markets
IG Markets is one of the pioneer brokers in the stock trading space and continues to offer quality trading tools and services to traders.
You can trade its listed shares as CFDs by speculating on their price movements and benefiting from the difference. The best element about using IG Markets for stock trading is that it is user-friendly and hosts various platforms suitable for every trader.
Additionally, the broker accepts traders from diverse regions, including the UK, Germany, South Africa, the US, and more. For instance, if you are a UK trader and find IG Markets unsuitable for your trading needs, you can read this article for more options.
eToro is user-friendly, customizable, and has an intuitive design platform, guaranteeing users the best stock trading experience. With this broker, not only can you invest in companies’ stocks, but you also get to trade the shares as indices and CFDs.
Moreover, it has one of the best social trading platforms that connect like-minded stock traders to share ideas. In addition, it offers a copy trading platform that allows you to mirror expert traders’ positions with more profitability.
The best element about eToro is that there are no commissions for stock trading, and you only need a minimum deposit of $50 to get started.
Creating a stock trading account with Interactive Brokers (IBKR) is straightforward. Like eToro and IG Markets, the broker is user-friendly, and you can customize its platform to suit your trading requirements. Moreover, its commission for stock trading is attractive, starting from $0, and there are no spreads.
Therefore, if you are a low-budget trader, IBKR is a considerable choice to get started with. It features quality resources to help you in strategy development. You can test it out via its risk-free demo account or deposit at least $100 per its requirement to get started.
Plus500 is one of the best CFD brokers for stock trading. With it, you get access to additional assets for portfolio diversification, including forex, commodities, cryptocurrencies, and more.
Moreover, Plus500 doesn’t charge commissions for stock trading. Instead, traders incur spreads, which are among the industry’s lowest based on experts’ analysis.
On top of that, all transactions are free, and you have multiple payment options to choose from. If you are a newbie, this broker hosts quality learning resources, including a demo account to help you develop your skills.
Libertex is Cyprus-based but accepts traders from diverse regions globally. The broker is safe and regulated by tire-one authorities, including Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), etc.
With it, you get to trade global shares as CFDs at a low commission. Fortunately, there are no spreads, and the minimum deposit required to get started is $10. Plus, beginners can access quality learning materials, and expert traders explore the advanced MT4 and MT5 platforms.
6. CMC Markets
CMC Markets is one of the pioneer stock brokers that is excellent for spread betting and CFD trading. The broker is widespread, and the chances are that it accepts clients from your country. You simply need to confirm availability and see if it suits your trading requirements.
Unlike most stock brokers, CMC Markets doesn’t have a minimum deposit requirement to trade listed shares. This makes it attractive for low-budget traders or newbies who are skeptical about putting up a lot of money in stock trading. Furthermore, it lists over 9,500 shares to choose from, all of which you get to trade at low costs.
Capital.com is AI-powered to give you the best experience in your stock trading activities. The broker accepts all types of traders, whether newbies or professionals. Fortunately, its features are customizable, allowing every trader to enjoy their activities.
Besides the demo account, you can also choose to trade on its Trading View or MT4 platform as long as your skill level allows you to do so. Additionally, there are over 5,900 shares to trade at low spreads, and all you need is a required minimum deposit of $20 to access the shares. Keep in mind that the broker doesn’t charge commissions.
Among the over 1250 assets hosted by AvaTrade, 650 are stocks, which you can trade as CFDs and indices. Fortunately, some of the listed stocks are world-renowned corporations, including Tesla, Walt Disney, Adidas, etc. Trading such stocks exposes you to plenty of opportunities, thus maximizing your experience.
To trade stocks at AvaTrade, you must make a minimum deposit of $100. The broker has a social trading platform to connect you with other global stock traders from diverse regions. Most importantly, its trading app is highly rated by users on Google Play and the App Store. Therefore, feel free to take advantage of it and monitor your stock trades on the go.
Revolut is known for digital banking and stock trading. In fact, the broker is among the best when it comes to mobile trading. Its platform is user-friendly, customizable, and executes trades fast for a worthwhile trading experience. Additionally, there are no commissions or inactivity fees.
Getting started is also straightforward, with no minimum deposit requirements attached. Unfortunately, Revolut doesn’t have a demo account, and its learning resources are also limited. However, this shouldn’t be a concern, considering there are no commissions or minimum deposit limits.
DeGiro is user-friendly and offers a wide range of stocks to choose from. There is no minimum deposit requirement with this broker, meaning that you will get access to its platform with any amount. Its trading app is fast in executing trades, thus allowing traders to quickly benefit from arising opportunities.
Keep in mind that DeGiror is regulated by top-tier authorities, safeguarding your trading funds. On top of that, it does not charge inactivity and transaction fees. Also, there is no demo account.
The brokers listed above are safe for your stock trading activities since they have brokerage licenses and are regulated by world-recognized authorities. However, note that these stock brokers have varying features, which won’t suit all traders. To identify a suitable broker for you, ensure it matches your trading requirements.
These include the availability of assets, platform performance, speedy transactions and trades, customer service reliability, etc. Most importantly, it should fit your budget.