Did you know that the rise of the internet and other information and communication-based technologies changed the stock market forever? These days, people don’t even have to rely on their mental acuity but can take advantage of the information sphere to quickly get rich. And so, what are the best websites and apps to build a fortune on? Well, stick around as we discuss the top 5 best trading platforms globally for 2022.
1. Charles Schwab
Founded 51 years ago in 1971, the Charles Schwab financial corporation predates the internet. However, unlike so many other corporations that collapsed the moment the internet went online in 1983, Charles Schwab could competently make the best use of this new technology and transfer their services onto it. Today, the Charles Schwab trading platform is one of the best on the internet.
Charles Schwab, first and foremost, is an investment firm. And so, their trading platform no longer provides all the traditional benefits of a trading platform; it also gives you an easy way to get your profits under astute management. You can buy and sell all sorts of assets and securities on this platform, like stock and options. But if you need your assets managed too, you can have that easily. If you’re more old-fashioned and need your stock trading platform to have a heavy physical presence, then Charles Schwab is for you.
2. Interactive Brokers
As a multinational brokerage firm, Interactive Brokers operates the most prominent electronic trading platform in the United States by daily average revenue trades. But even though Interactive Brokers is this large inside the United States, what sets this stock trading platform aside from the others is that it is the best platform for international traders.
International traders always face many issues when trying to buy and sell stocks of companies within the United States. This usually boils down to exorbitant fees and complicated Tax Rules. With Interactive Brokers, though, these barriers can easily be overcome. International traders need not worry that all their profits will be frozen by some United States regulatory agency that assumes them to be fraudulent. International Brokers don’t demand a minimum deposit, and neither do they deduct money from stock trades. However, they do charge 65 cents per contract for options.
3. E*TRADE
E*TRADE was founded in 1982, becoming one of the first online stock trading platforms in the world. In the long years since then, the company is still around and as prominent as ever among online stock trading platforms. Of course, it helps that they are a subsidiary of Morgan Stanley, one of the largest multi-national banks in the world. E*TRADE allows for trading and exchanging assets like stock, options, mutual funds, and futures contracts.
E*TRADE has excellent web and mobile platforms. Their servers are robust and almost always up. Transactions process quickly too. But if there’s one thing we don’t like about E*TRADE, it’s that the range of educational materials they provide, as compared to the other platforms featured in this video, is just a little limited. You’ll have to do most of your learning, which entails reading financial books, news articles, and newsflashes outside the platform.
Have you been paying attention so far? That’s awesome. Stick around as we bring you the top two best trading platforms globally for 2022.
4. Fidelity
With 32 million customers, Fidelity is a favorite for many investors worldwide. It has a wide variety of solid points. Sure, it lets you trade many different types of assets. But then, the user interface for both the mobile app and the website is very user-friendly. Another great thing about it is its extensive range of educational materials to keep its users financially savvy. In addition to this, the platform is high-speed and allows you to complete orders without a headache.
As great as Fidelity is, though, it does have some drawbacks. For one, it’s not the best for international users. Also, the banking services are offered via a third party. Despite these drawbacks, we urge everyone to check Fidelity out. It just might be the heavenly fit you’ve been looking for.
5. TD Ameritrade
Our number one pick for best stock trading platform for 2022 is none other than TD Ameritrade. This platform offers everything expected of a stock trading platform, and then some. While most other platforms provide simplistic educational materials, TD Ameritrade takes things a step further by including market research and critical analysis. This allows its users to make the most informed decisions when buying and selling assets.
Its drawback is that it offers restricted access to international stock markets. However, if you can overlook this, then you’re in for a treat. TD Ameritrade also has excellent tools for beginner stock traders, and as a stock exchange platform, it’s just challenging to beat.
We hope you’ve learned much about the top five best trading platforms in the world for 2022. The market fluctuates a lot, and with the right exchange, you can get ahead of changes before they become mainstream and virtually meaningless. You can also save money on trades.
In any case, to learn more, please check out our other content on how to invest in shares outside the US. These will make sure you remain financially literate and always know how to manage your money to attain maximum profit.
Well, that’s all for today. If you have any questions, kindly let us know in the comments section below.