Online trading Brokers for 2020
Recently we have seen a rise in the number of people participating in the markets. For some, this is not something new as they have previously done a bit of trading, but for others like myself, this is a completely new world to us and much research is needed in order for us to understand the markets and know where we are putting our money in. Through my own research, I have discovered that trading can be done by anyone from anywhere with an internet connection, but picking a good online broker can make a huge difference.
What are online brokers?
In a nutshell, online brokers act as an intermediary between you, the investor, and the market. They carry out your requests to either open or close a position and do so for a commission. A good online broker will have three main features that can make all the difference especially for a new investor like you and me.
- a good online broker will have resources to help you learn about the markets and let you play around with their platform with a demo account before opening a real account and use real money. They also have webinars, tutorials, and other educational materials available to you.
- a good online broker will have the obvious one, a great website that is easy to understand and follow. most if not all also have apps so you can take the markets with you wherever you go.
- a good online broker gives you access to reliable, accurate, and up to date market research tools so that you know what you are investing in.
These three platforms down below stood out to me and I thought I would share with you a snap summary of each. Please note though, this is by no means financial advice nor am I recommending any of them or any other financial institution, this is just what I discovered and thought I would share it with you. You will need to do your own research and seek financial help to make sense of your situation and goals.
|What you can trade||Cost per trade|
|IG||Shares, Forex, CFDs, Commodities, Crypto||AUD$8||Visit site|
|CMC Markets||Shares, Forex, CFDs, Commodities||AUD$11||Visit site|
|Etoro||Shares, Forex, commodities, Crypto||Learn more||Visit site|
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