15 Best Stock Trading Brokers

Stock markets have attracted investors and entrepreneurs since the 1600s, and with advances in technology, the process of stock trading has been simplified and is now easier than ever by trading through one of the 15 Best Stock Trading Brokers listed below.

The activities of buyers and sellers on such exchanges are the driving force behind the supply and demand for the prices of shares of listed companies and stock trading is a great way to earn profits on both short- and long-term investments.

Economic development often depends on the sustainability of companies and companies that are listed on stock exchanges, such as the NYSE and NASDAQ, have far greater chances of succeeding and growing over the long run.

 

TD Ameritrade

TD Ameritrade is a US-based stockbroker that was founded in 1975 and has 175 offices around the world.

This is a beginner-friendly broker that offers a great selection of educational content to ensure that new traders understand the fundamentals of trading before making any real investments.

The account types offered by TD Ameritrade are not limited to trading only, but clients can also choose from retirement accounts, managed portfolios and educational accounts.

TD Ameritrade has developed its own proprietary trading platform, called thinkorswim (that can be used by beginners and professionals) and it comes with a user manual, market scanners, strategy testers and much more.

 

TD Ameritrade Pros and Cons:

✔️Pros	❌Cons
Beginner-friendly	Only USD can be used for funding accounts
Zero-commission trading	Only allows trading with US stocks
No minimum deposit required
Intuitive trading platform

 

Exness

Exness offers a total of 107 tradable currency pairs, 81 stocks and indices, 13 cryptocurrencies, and 12 metals and energies.

Clients can choose between standard and professional accounts, which each have different sub-accounts that are tailored for different types of traders.

Exness currently has more than 100,000 clients internationally and has been around for more than a decade.

The FAQ section offers in-depth explanations and guides on how to trade and use the tools and platforms provided.

 

Exness Pros and Cons:

✔️Pros	❌Cons
Highly regulated and trusted broker	No trading bonus
Compatible with MT4 and MT5
Hedging and Scalping allowed
Low minimum deposit

 

Dukascopy

Dukascopy’s comprehensive financial offering ensures that all its clients have access to flexible trading accounts, reliable wealth management services, and a variety of products and services to empower them financially.

Demo accounts are available for new traders or clients who wish to trade without risk and all the different accounts on offer can be used with trading signals, APIs, technical indicators, advanced calculators, automated trading features and much more.

For intermediate and advanced traders who are confident in their trading knowledge and skills, Dukascopy is a great option, but beginners might find it challenging to get started on this platform due to the lack of educational material.

 

Dukascopy Pros and Cons:

✔️Pros	❌Cons
Multi-currency accounts offered	Commission fees are high
Incredible selection of tools and data	Withdrawals are not free
Advanced market research features	Not available in US
Variety of trading platforms

 

Libertex

Libertex has over 2 decades of experience in the Forex trading industry and offers more than 250 tradable products.

This broker is available in more than 110 countries around the world and has received more than 70 awards since its inception.

Libertex investment accounts are commission-free and can be used to earn dividends on stocks in major companies, such as Apple, Dropbox, eBay and more.

Beginners can use a demo account along with the Libertex trading course to learn how to trade in a risk-free environment and the Libertex trading account offers a variety of advanced trading and research tools.

 

Libertex Pros and Cons:

✔️Pros	❌Cons
Beginner-friendly	No swap-free account
Negative Balance Protection
Well-established broker

 

HYCM

HYCM, short for Henyep Markets, has been around since 1977 and is trusted by more than 30 million traders from all across the globe.

Clients can choose from 3 types of accounts that have low minimum deposit requirements, very low spreads and the option to trade without paying commission.

HYCM also offers VIP accounts for more experienced traders and these accounts offer a dedicated account manager, market analytics and more.

HYCM has over 4 decades of experience in the industry of Forex trading and is a trusted, multi-regulated broker.

 

HYCM Pros and Cons:

✔️Pros	❌Cons
More than 300 tradable instruments	Not available to US citizens
Suitable for beginners	Monthly penalty for inactivity
Regulated by several entities
Negative Balance Protection

 

AvaTrade

AvaTrade was launched in 2006 and is a trusted Forex and CFD broker with more than 300,000 loyal clients. 

This broker is supervised by more than 5 international regulatory bodies and has been awarded more than 100 times since its inception.

Clients can choose from 4 account types, as well as demo accounts and swap-free accounts, and inexperienced traders will find that AvaTrade is very accommodating.

AvaTrade offers a great selection of educational content and also provides access to more advanced trading tools for research and analysis.

 

AvaTrade Pros and Cons:

✔️Pros	❌Cons
Quick and easy to open an account	Service not offered to US citizens
Deposits and withdrawals are free	Telephonic customer support seems lacking
Great educational materials	US citizens cannot use AvaTrade
Highly regulated

 

Global GT

Global GT is a beginner-friendly Forex broker that offers 5 types of commission-free accounts with low minimum deposits and the option to try a demo account on each account type.

Several currencies can be used for funding accounts and negative balance protection is offered on all accounts.

Global GT currently has 3 promotional offers and clients can choose to enter the lucky draw and can also benefit from a 30% welcome bonus, a 60% bonus through the loyalty program, or a 100% deposit bonus.

Beginners can learn to trade with Global GT through the educational portal and can be rewarded for doing so.

Global GT offers MetaTrader tutorials, Live Q&As, live trading sessions and webinars, and much more.

 

Global GT Pros and Cons:

✔️Pros	❌Cons
Multiple account types	High minimum deposit required
Negative balance protection	Lacking support via live chat
Demo account for each type of account

 

FBS

There are more than 17 million active clients on FBS and more than 1 billion orders have been opened since 2009.

FBS has over 150,000 partners and affiliates and has won many awards over the years.

This is a beginner-friendly broker that offers 5 types of accounts and supports copy trading.

There are many promotional benefits to trading with FBS and there are 8 contests currently running.

FBS offers tight spreads, flexible leverage and demo accounts, and clients can start trading with as little as $1 for crypto accounts and $5 for trading accounts.

 

FBS Pros and Cons:

✔️Pros	❌Cons
Flexible account options	Limited product offering
Copy trader-friendly	Only 2 base currencies supported
Compatible with MetaTrader platforms
Plenty of promotions and bonuses

 

IC Markets

Since 2007, IC Markets has evolved into a popular ECN broker that offers more than 1,780 tradable instruments with 3 flexible account types covering a comprehensive range of markets.

IC markets accounts can be funded using more than 10 secure payment methods and up to 9 base currencies.

IC Markets offers Multi Account Managers (MAM), money managers, tight spreads, VPS services and a variety of MetaTrader trading tools.

Beginners can use a demo account with a great library of educational content to get them started and IC Markets also offers updated news feeds, podcasts and webinars for all clients.

 

IC Markets Pros and Cons:

✔️Pros	❌Cons
Multiple accounts offered	Not available to US citizens
Secure VPS server	No investor protection for non-EU clients
10 base currencies supported

 

InstaForex

InstaForex is used by more than 7 million traders around the world and it has been around since 2007, having received many rewards over the years.

The 2 types of accounts offered by InstaForex include the Single Live Trading account and the Investor’s account, and new clients can also use a demo account to see if they like the platform.

Depending on the client’s location, the EU version of InstaForex offers ECN and Scalping accounts, as well as Swap-free accounts.

InstaForex welcomes beginners and provides them with a variety of educational content that can be used in combination with the demo account.

InstaForex hosts contests and events on a regular basis and with a client base of 7 million, there is a lot of participation and hype amongst clients.

 

InstaForex Pros and Cons:

✔️Pros	❌Cons
Beginner-friendly	Only 2 base currencies to choose from
10 trading servers provided	US clients not accepted
Negative Balance Protection
Great variety of research and trading tools

 

Fidelity

It may be hard to believe, but Fidelity is by far one of the oldest FSPs (Financial Service Providers) around, having been founded in 1946. 

Despite how old it is, it has a great deal of experience in the industry of finance and trading, and has evolved into a modernized, beginner-friendly platform.

Due to the lack of trading platforms available to US citizens, Fidelity has taken initiative to make trading easy and possible for Americans.

Fidelity’s accounts cover 8 categories of trading and investment needs and there is a total of 24 accounts to choose from.

 

Fidelity Pros and Cons:

✔️Pros	❌Cons
Great product offering	No credit/debit card deposits or withdrawals
Accounts can be funded with 16 currencies	Non-free mutual funds carry higher fees
Commission-free trading	No crypto or CFD trading
Well-established broker

 

TradeNation (Blackstone Futures)

Trade Nation is a regulated Forex broker that offers an intuitive proprietary trading platform and a beginner-friendly user experience.

Trade Nation was founded in 2014 as Core Spreads, but rebranded to Trade Nation in 2019 and then merged with Blackston Futures in 2021.

CoreTrader2 was developed by Trade Nation and this platform offers low fixed spreads, no minimum deposit is required to activate a live account and a variety of risk management and trading tools are provided.

Clients also benefit from a reliable newsfeed and a variety of beginner guides for clients who have never traded before.

 

Trade Nation Pros and Cons:

✔️Pros	❌Cons
No penalty fee charged for inactivity	Not available to US citizens
No withdrawal and deposit fees	Limited information available on accounts and products
Supports 8 base currencies	Leverage levels cannot be adjusted
No minimum deposit required
Fixed spreads

 

Charles Schwab

Charles Schwab offers the latest market news and insights and was rated one of the top brokers in the 2021 Investor’s Business Daily survey.

This broker was founded in 1971 and is listed on the NYSE, and signing up with Charles Schwab is quick and easy.

The insights provided by Charles Schwab are comprehensive, detailed and up to date, and cover many different topics to help clients make informed decisions.

 

Charles Schwab Pros and Cons:

✔️Pros	❌Cons
No minimum deposit required	Only 1 base currency supported
Comprehensive product and service offering	No cryptocurrencies
24/7 customer support
Available to US citizens

 

Axiory

Axiory is an ECN and STOP Forex broker that was founded in 2011.

The trading tools and risk management features offered by Axiory ensure that traders with all levels of experience can trade responsibly and Axiory also allows the use of AutoChartist and Expert Advisors.

Axiory offers 5 accounts that can be used on MetaTrader 4 and 5, and cTrader, and it is a beginner-friendly platform with the option to use demo and Islamic accounts.

 

Axiory Pros and Cons:

✔️Pros	❌Cons
Negative balance protection	Only 2 base currencies supported
Low minimum deposit	Not available to US clients
Swap-free option for all account types	No crypto trading
User-friendly website
Beginner-friendly

 

FxView

FxView is a CFD and Forex broker that offers a variety of tools for social trading, API trading, charting, analysis and research.

FxView accounts can be used with MetaTrader 4 and 5, and also offers its own proprietary trading platform, called ActTrader.

ActTrader has a fully customizable user interface with risk management tools, a strategy builder, and a variety of different charts and graphs.

FxView also provides AutoChartist and VPS packages, along with a unique trader’s toolbox and managed accounts services.

Beginners can use the educational resources provided by FxView and practice with a demo account.

 

FxView Pros and Cons:

✔️Pros	❌Cons
Tight spreads	No Crypto trading
Great selection of trading tools	Limited product offering
Negative Balance Protection
Low minimum deposit

 

Conclusion

Choosing what instruments to trade can be a daunting and overwhelming task, but that is why we recommend using one of the 15 Best Stock Trading Brokers in this review because they offer accounts, platforms and tools that make the process of trading much easier and safer.

Stock trading requires extensive research, dedication and patience.

The stock markets cannot be navigated without a fundamental understanding of how they work and understanding how to read an index or interpret historical data will greatly increase your chances of success and reduce capital risks.

For the best results and low-risk investments, we recommend using a broker that offers historical data of stocks, research and analytics, charting tools and detailed reports.

We encourage you to do your own research on a daily basis and that you dedicate time every day to learn more about this type of trading.

Good luck with your trading!

 

 

FAQ

What is Stock or Equity trading?

Stock trading occurs on public markets where companies offer shares to investors to receive funding for expansion (instead of borrowing capital from banks) and gives investors an opportunity to buy shares and either make profits by selling shares or by receiving dividends from the companies they have invested in.

 

How do you invest in stocks?

The easiest way to invest in stocks is through a regulated broker that facilitates the trading of stocks, shares or equities and acts on your behalf.

Bearish (falling stock prices) or bullish markets (rising stock prices) are indicative of fluctuating price movements and signals that economic patterns are changing.

However, falling prices do not mean that you should not invest in shares because a bearish market is often followed by a bullish one, once investors have regained their confidence.

By analyzing the historical data of stock markets, investors can determine whether or not it is safe to invest in certain companies and can also use charts to identify the best moment to strike.

 

What are the top 10 companies to buy stocks in?

The following 21 companies are the top choices for stock trading investors (smallest to largest market capitalization):

• iRobot (NASDAQ:IRBT) – $2 billion
• Upwork (NASDAQ:UPWK) – $4 billion
• Fiverr (NYSE:FVRR) – $7 billion
• Redfin (NASDAQ:RDFN) – $7 billion
• Beyond Meat (NASDAQ:BYND) – $8 billion
• Etsy (NASDAQ:ETSY) – $22 billion
• Teladoc Health (NYSE:TDOC) – $29 billion
• Zillow Group (NASDAQ:Z) (NASDAQ:ZG) – $31 billion
• Pinterest (NYSE:PINS) – $41 billion
• Roku (NASDAQ:ROKU) – $42 billion
• Altria Group (NYSE:MO) – $76 billion
• MercadoLibre (NASDAQ:MELI) – $84 billion
• Intuitive Surgical (NASDAQ:ISRG) – $96 billion
• Square (NYSE:SQ) – $98 billion
• Sea Limited (NYSE:SE) – $102 billion
• Philip Morris International (NYSE:PM) – $129 billion
• salesforce.com (NYSE:CRM) – $204 billion
• Walt Disney (NYSE:DIS) – $328 billion
• Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) – $544 billion
• bitcoin – $597 billion
• Amazon (NASDAQ:AMZN) – $1.6 trillion

 

What types of stock trading are there?

You can either approach the stock market as a value investor, whereby you will invest in established companies to avoid risk and to earn a profit off dividends; or you can be a growth investor, which is a more ambitious and hopeful approach to stock trading where you invest in new companies with greater potential to grow.

 

How can I be a better stock trader?

• Buy low and sell high
• Think about the impact of short-term goals and how they influence long-term investments,
• Don’t be fooled or distracted by the prices and movements of stocks,
• Dedicate time to reading market news and doing your research and analysis
• Remember that the profits you receive are most likely taxable and always remain calm.

 

Disclaimer

Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.

The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.