The investing sector has gone through dramatic changes over the last several years. There have been new technology drop commissions and expenditures substantially, new mechanisms helping investors, and a lot of competition to stay at the top. Now, the ability to trade stocks without leaving the comfort of your home has become a common thing for most investors and traders.
What’s the most reliable online brokerage for stock trading in 2020? Of course, the answer may depend on the kind of investor you are, the options you want and investments you are ready to make. In this post, you will get familiar with some of the best online brokers operating on the stock trading market in 2020.
Tickmill Brokerage Company is an international forex and CFD broker that has been founded in 2014. Tickmill is administered by the financial authority of Britain (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles, so that its customer’s trading investments remain under the strict protection. At https://forex-up.com/broker-reviews/tickmill-review/, customers are provided with great transaction processing speed which enables all financial operations for entering the inter-bank. As a result, any possible conflict of interest among the parties is reduced to the minimum. Moreover, the company enables the possibility of scalping, hedging, and advisors trading.
When it comes to the close cooperation with Tickmill, you should be ready for low trading and non-trading fees. It offers some of the lowest forex commissions among online brokers. The account registration is fast, easy, and completely digital. You can benefit from more than several options for deposit or withdrawal. What’s good is that most of them are available free of charge. At the same time, Tickmill has a limited product description as it provides only forex and CFDs. Popular asset courses, such as real stocks or ETFs are not there. Trading platforms offered by MetaTrader feature outdated designs. Moreover, news feeds are basic and not properly organized.
- Low service fees;
- Fast and easy registration process;
- Free deposit and withdrawal operations.
- Only forex and CFDs;
- Trading platforms with outdated design;
- Basic news feeds.
FXTM or ForexTime established in 2011 is known as a global CFD and FX broker. It is administered by several financial authorities such as the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is considered to be quite a safe place for stock trading operations due to the regulation measured offered by the top-tier FCA.
The strongest side of FXTM is efficient customer service that is ready to provide customers with fast and relevant support. They can also be reached in several foreign languages. At https://forex-up.com/broker-reviews/forextime-review/, you can benefit from using plenty of educational mechanisms, including a demo account and live courses. As soon as you make up your mind to join this online broker, it will take you a few minutes to open an account. At the same time, FXTM features relatively high stock CFD fees. Also, there is an inactivity fee and, in most cases, a withdrawal fee, which are charged from their customers. The product portfolio is not marked with diversity because it lacks some asset options such as ETFs, bonds, mutual funds, and so on.
- Excellent customer support;
- Efficient educational materials;
- Digital and fast account opening.
- High stock CFD fees;
- Inactivity and withdrawal fees;
- Poor product portfolio.
Whether you are a newcomer to the world of stock trading or an investor with huge experience behind your back, you need to understand the importance of online trading operations. If you don’t have enough resources to support your journey, you will be challenged to learn how to trade stocks online. Generally, the best trading platforms is supposed to offer three essential benefits. First, a broker should have a customer-oriented website and overall trading experience. Second, it should provide a decent collection of educational materials. Third, it should provide access to quality market research and analysis.
Both Tickmill and FXTM are some of the biggest US-based discount brokers, managed by top-tier regulatory bodies across the world. Both of them can be recommended to beginners and professionals in the trading sector. Thanks to a wide range of markets and products available, they are able to offer excellent research tools and reasonable costs. If you know how to navigate complex platforms and you like clear low-cost trading mechanisms, Tickmill and FXTM could be a great solution for you. Still, before you take action, it is highly recommended to explore each online broker before creating an account and making a first deposit.