eOption – review and feedback of the options trading platform

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eOption – trading platform overview

вњ… This Trading Platform is available in United States

В Overview of advanced brokers in simple words: eOption

If you organize a small study, the purpose of which is to determine what is hindering the development of modern financial brokers, then one of the main reasons will be complicated terminology and ways of presenting information on specialized web resources. They are mainly focused on professional economists with the necessary knowledge. Even an educated person with a higher technical education vaguely imagines what “spread”, “cross rate”, “leverage”, “lot” are, how a trader differs from a broker and much more. Very often, an educated techie is just too shy to show gaps in this area of ​​knowledge. Therefore, many smart citizens with good intuition and the ability to grasp everything “on the fly”, after reading a few reviews about the activities of companies operating in the online trading industry, for many years (or more often, forever) throw this interesting and promising activity. Even famous, in their circles, eOption inevitably had a similar fate.

But this broker allows you to make a profit, both for experienced professional traders and beginners: from smart kids of school age to pensioners who categorically refuse to recognize the approach of old age! But how to put the goals in practice? Diligence, perseverance, knowledge of mathematics, the desire to earn their own money, as well as self-confidence – these are the key success factors. But skeptics in one voice will begin to argue that you could just as well carry bricks, cement at a construction site, or unload wagons. Such comparisons are absolutely unacceptable, but in order to verify this, we will conduct a detailed analysis of modern online trading.

Why eOption inspires trader confidence

Even young people who, due to hormonal changes, are prone to adventures, risky operations and various ways to turn reckless projects, in all aspects of online trading, try to act very carefully. First and foremost, carefully examine what security criteria a particular broker offers them.


Among the available functions that members of the service can use are:

в—Џ Automated trading (over time, it can become a visual aid for entering into transactions, which will become a reliable source of small but stable income).

в—Џ Experienced, international traders can be an excellent example for entering into promising deals and implementing interesting projects that raise your image and promote a new trend.

в—Џ And one more important point – as if the situation did not develop, your savings with the right approach will always remain with you.

The software will work for the management of the company, but you do not need to delve into all the subtleties of this business, your goal is to obtain a stable income. Therefore, it is necessary to take into account such factors as the storage of personal money (deposits) in separate accounts in large, verified banks. For example, for some reason your broker is in a difficult financial situation and he has problems with fulfilling his obligations, but this does not affect the status of the trader’s deposit. Profitable? Of course, but this is not the only step to protect your resources. The application prepared for eOption and proven sites have repeatedly proved their reliability, speed of completion of tasks and security of the information provided. That is, if you buy some assets, no one will know about your act and the resulting profit as a result of the transaction.


By registering on eOption login, the trader must receive documents of the relevant authorities, which give the right to provide financial services. In this case, it is:

в—Џ Financial Industry Regulatory Authority (USA) – one of the strongest regulators in the world. Americans are careful about legality and will never allow scammers, adventurers, money laundering specialists, etc., to work on their trading platform.

в—Џ Securities Investor Protection Corporation (USA) – a corporation for the protection of investors’ rights, which ensures that all financial obligations to traders are fulfilled in full.

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  • Binomo

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It turns out that the client of the trading platform has nothing to fear from various force majeure circumstances or temporary financial difficulties with his broker, or the cyclical nature of the development of the global financial market. No wonder it is often compared with the color of a zebra: the strip is white – the strip is black …. But against this background, the main thing is to remain optimistic and believe in your own strength.


The administration of the trading platform is trying to create the most comfortable conditions for the work of its customers, but at the same time they make it clear that “sitting on their necks, dangling their legs down” will not work. Acting within the framework of the law, they learned how to solve any conflict situations. The broker’s goal is to create an intuitive interface that almost every schoolchild will understand, and after a week or two of independent work, he will feel confident on the presented site.

Without going deep into the theory, many newcomers immediately begin the practical part. Having learned all the details on eOption demo accounts, which make it possible to go through all the nuances of training online trading, they boldly open a real account and start a serious game.

Basic requirements for eOption traders

One of the main advantages of the presented web resource, judging by the reviews compiled by eOption, experienced traders call the opportunity to combine the process of making money with an increase in the level of their own training. But you should always remember about the established parameters of cooperation with a broker.

Trading Terms

в—Џ The amount of minimum deposits – $ 500.

в—Џ Removal of the fee – $ 30.

в—Џ Commission – 3 dollars.

● Languages ​​- English.

в—Џ Auto-trading – provided.

в—Џ 24 Hour trading – no.

в—Џ Analytics and preparation of fresh financial news – present.

в—Џ Support service – functioning.

Deposit-withdrawals and key assets

Many users of eOption, reviews of which often emphasize negative nuances, claiming that it is quite problematic to deposit / withdraw money. Most often you will have to: use bank cards (VISA), transfers of financial institutions, bank checks.

In terms of available assets, the company is developing quite rapidly: along with traditional tools, new cryptocurrencies, metals, raw materials and other interesting offers appear almost daily in the broker’s assortment.

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The Best Online Stock Trading Sites

Best Platform for Cheap Trading

Best for Active Traders

Best Platform Design

Best Trading Platform for Beginners

Best Research & Tools

Best for Expert Traders

Best for Retirement Investors

Best for Low Commission Rates

How We Found the Best Online Stock Trading Sites

25 trading sites analyzed

3 financial experts consulted

The Best Online Stock Trading Sites

The best online stock trading sites should feature cutting-edge research tools and mobile apps to help first-time investors and expert traders handle their own “self-directed trading.” In a nutshell, they should be user-friendly, trustworthy, and packed with data visualizations. To find the best online stock trading sites of 2020, we analyzed 25 of the most popular platforms and tapped into the expertise of a former day trader, a stock analyst, and a financial commentator with more than two decades of trading experience. In short, there is no single best online stock broker, but each of our top picks has its own strengths for different types of investors. We’ll help you determine the best fit for your investment goals and experience.

Why trust us? Since 2020, Reviews.com has helped more than 1.4 million people find the best online stock trading site for their needs. After investigating 25 major brokers and consulting three third-party financial experts, we’ve continued updating this review every month over the last five years to ensure it stays fresh. The author of this review does not own stock in any of the brokerage firms mentioned here, or in any other financial service companies.

The 8 Best Online Stock Trading Sites of 2020

  • Ally Invest – Best for Cheap Trades
  • E*TRADE – Best for Active Traders
  • TD Ameritrade – Best Platform Design
  • Robinhood – Best for Beginners
  • Fidelity – Best Research and Tools
  • Charles Schwab – Best for Expert Traders
  • Vanguard – Best for Retirement Investors
  • Interactive Brokers – Best for Low Commission Rates

The Best Online Stock Trading Sites: Summed Up

Ally Invest E*TRADE TD Ameritrade Robinhood Fidelity Charles Schwab Vanguard Interactive Brokers
Our review Our review Our review Our review
Best for Cheap trades Active traders Platform design Beginners Research and tools Expert traders Retirement investors Low commission rates
Stocks and ETFs (per trade) $0 $0 $0 $0 $0 $0 $0, $7, or $20 $0.005
Bonds $1 $1 On a net yield basis N/A $1 Varies $0 to $50 $0.005
Mutual funds (per trade) $9.95 $19.99 $49.99 N/A $0 Varies $0 (mostly) $0
Account minimum None None None None None None Varies None
Inactivity fees None None None None None None None None
Outgoing transfer fee $50 $75 $75 $75 None $25 None Varies
Barron’s rating 3/5 4/5 4/5 N/A 4.5/5 3.5/5 N/A 4.5/5

Data current as of 1/22/2020

Ally Invest – Best for Cheap Trades

Rock-bottom rates
Easy entry point
Stellar ratings

No futures trading

Why we chose it

Rock-bottom rates

With no inactivity charge and a $50 full outgoing transfer fee, Ally Invest’s fee structure is about as low as you’ll find. Ally keeps its edge with a zero account minimum and enticing discounts for active investors — equity trades drop to $3.95 for users with 30-plus trades each quarter or a balance of $100,000. In October 2020, Ally also followed in the footsteps of mobile platforms like Robinhood and announced totally commission-free stocks and ETFs. Lastly, Ally Invest’s platform and resources stand out with quality research and tools, including access to its online trader network.

Easy entry point

In addition to attractive pricing, Ally offers a quality platform that gives you access to the entire universe of stocks and ETFs. Where some discount brokers focus on only one kind of trader (for example, options traders or high-net-worth investors), Ally Invest provides an excellent experience for investors of all kinds. A focus on discounted costs can sometimes be a red flag for quality, but Ally truly delivers with sophisticated calculators, profit-loss estimators, and more. Ally also offers a robust research library that incorporates visual slides and interactive media into its market data.

Stellar ratings

We’re not the only ones who think Ally Invest is a remarkable service. Barron’s has given Ally Invest’s past self, TradeKing, at least four out of five stars for the past 10 years, and Ally continues to rack up kudos for its offerings and low commissions from both Barron’s and other rating sites like StockBrokers.com.

Points to consider

No futures trading

If you want to trade “futures” (agreements to buy or sell assets in the future), Ally Invest isn’t an option. That’s not unusual for an online stock broker — neither Robinhood, Vanguard, nor Fidelity offer futures trading — but you can do it with some of our other top picks, including E*TRADE, Charles Schwab, Interactive Brokers, and TD Ameritrade.

E*TRADE – Best for Active Traders

Helpful platform for beginners
Commission-free trades

Powerful platform for pros

Divided user experience

Why we chose it

No commission fees

Following the lead of financial disruptors like Robinhood, E*TRADE has eliminated retail commissions for online U.S.-listed stock, ETF, and options trades, effective October 7, 2020. This is a huge boon to active traders and beginner investors within the U.S. Previously, its commission fees started at $6.95 (discounted to $4.95 if investors made more than 30 trades per quarter), which was on the higher end of the spectrum compared to Ally Invest, Charles Schwab, and Fidelity.

Education-heavy platform

New investors need two things from their online stock trading platform: an easy learning curve and lots of room to grow. E*TRADE has both. Its platform boasts a library of educational videos, articles, and webinars for each type of investor. Once you’ve mastered the fundamentals, read up on market news, reports, and commentary from E*TRADE analysts. You can also take advantage of one-on-one assistance: Branch appointments are free to book, and online chat tools and 24-hour hotline are there to guide you from anywhere in the world.

No minimum account balance

As of December 2020, E*TRADE does not require an investment minimum for brokerage accounts. Previously, its required account balance was $500 – which was lower than traditional brokerages but still more than a novice would like to throw in.

TD Ameritrade – Best Platform Design

Helpful platform for beginners
Commission-free trades

Powerful platform for pros

Divided user experience

Why we chose it

Helpful platform for beginners

TD Ameritrade offers two platforms and mobile trading apps for various types of investors. Both platforms are free to use for any investor with a TD Ameritrade account. However, the web platform, though often in the shadow of thinkorswim, is streamlined and easy to use. It will appeal to beginning investors or anyone who prefers a simplified educational interface. Its tab-based navigation lets users flip between trading tools and account overview, plus charts, stock screeners, heat maps, and more.

Commission-free trades

TD Ameritrade has been historically one of the more expensive trading platforms, but over the years, they have gradually lowered their costs to compete with other online brokers. On October 2, 2020, TD Ameritrade eliminated commissions from all stock, options, and ETF trades – a move that was followed by other online stock trading sites like E*TRADE. Previously, TD Ameritrade charged a $6.95 commission on stock, options, and ETF trades.

Powerful platform for pros

Thinkorswim, on the other hand, is a powerhouse designed for the advanced. This desktop application regularly racks up awards for its superior tools and features, things any other broker would charge a premium for — research reports, real-time data, charts, technical studies. Also included: customizable workspaces, extensive third-party research, a thriving trader chat room, and a fully functional mobile app.

Thinkorswim is a particular standout in options trading, with options-trading tabs (just click “spread” if you want a spread and “single order” if you want one leg), plus links that explain the strategies on the order page. Its Strategy Roller feature lets investors create custom covered calls and then roll those positions from expiration to expiration.

Points to consider

Divided user experience

TD Ameritrade has been a mainstay in the market for its various trading tool options. Thinkorswim has brought both casual and serious traders to TD’s business and, with it, you have access to stocks, bonds, options, ETFs, and even forex. However, you may want to look elsewhere if you are trying to find an all-in-one solution for all (or at least most) of your trading needs, TD Ameritrade may not deliver in that regard.F

Robinhood – Best for Beginners

User-friendly trading platform
No commission fees

No bonds, mutual funds, futures, or short-selling

Why we chose it

User-friendly trading platform

The Silicon Valley startup Robinhood has been the most disruptive force in online stock trading since it was founded in 2020 by two Stanford alums. Their mission, reportedly inspired by the Occupy Wall Street protests and alluded to in the company’s name, is to make investing more affordable and more accessible to millennials.

We found Robinhood’s trading interface — both via its mobile app and its website — the most user-friendly of all candidates, making it a perfect option for the first-time trader. The design is minimalist, interactive, and easy to navigate. “Robinhood is a good fit for new investors because it offers a slick, modern app that allows you to trade efficiently,” says James Royal, a stock analyst and investing and wealth management reporter at Bankrate. “And of course, it’s free, allowing you to invest money that would have otherwise gone into a broker’s pocket.”

No commission fees

Unlike most online stock trading platforms, Robinhood doesn’t charge a commission fee every time you buy or sell stocks, ETFs, or options. If you’re a high-volume trader, or a beginner without much cash to spare, that makes Robinhood an attractive alternative to the $5 to $7 fees per trade offered by competitors. However, Robinhood does rake in “payment for order flow” by rounding regulatory fees up to the nearest penny and pocketing the difference. “That means if you buy a stock for $100.00, Robinhood earns 2.6 cents from the market maker,” says co-founder and co-CEO Vlad Tenev, whereas “other brokerages earn rebates and charge you a per-trade commission fee.”

Points to consider

No bonds, mutual funds, futures, or short-selling

One drawback of Robinhood’s simplicity is that as of 2020, you can only trade stocks, ETFs, and options on the platform — not bonds, mutual funds, or futures, and you can’t short-sell. But Robinhood is our “Best for Beginners” pick, and most first-time investors will probably want to stick to the basics. If you’re interested in bonds and mutual funds, Ally Invest has the best rates of our top picks. If you want to try futures trading, E*TRADE and Charles Schwab are your best bets.

Fidelity – Best Research and Tools

Sleek and high-functioning platform
Best-in-class research

Not all tools are accessible to all users

Why we chose it

Sleek and high-functioning platform

Fidelity’s platform wins for user-friendly design, with tools to help take the guesswork out of finding funds and nosing out strategies. Fidelity’s platform lets you explore your options with a slick and intuitive design, complete with color-coded rankings and charts that call out what’s important. You can sort stocks by size, performance, and even criteria like sales growth or profit growth. Want to sort ETFs by the sectors they focus on or their expenses? Done. There’s even a box to check if you want to explore only Fidelity’s commission-free offerings. A few other discount brokers do offer screeners, but none match Fidelity’s depth and usability.

Best-in-class research

When it comes to research, Fidelity is in a league of its own. The intellectually curious can dive into research from more than 20 providers, including Recognia, Ned Davis, and McLean Capital Management. Fidelity’s Learning Center featured videos are organized by topic, but they don’t stop after explaining the concept; they also cover how to apply principles to your own Fidelity investments.

Points to consider

Not all tools are accessible to all users

Unfortunately, some of Fidelity’s advanced tools are only available to high-volume traders: Charting with Recognia requires a significant 120 trades per year to use, and its Active Trader Pro requires 36 trades per year.

Other Online Stock Trading Sites to Consider

Charles Schwab – Best for Expert Traders

Like Fidelity and Vanguard, Charles Schwab is one of the older brick-and-mortar investment brokers that successfully modernized its trading platform for the Internet Age. Of all our picks, Charles Schwab is the best option for advanced traders who want a full buffet of options (stocks, ETFs, options, bonds, mutual funds, futures) and an impressive suite of research tools. Best of all, even with all the perks Charles Schwab offers, it dropped commission on U.S. stocks, ETFs, and options.

Vanguard – Best for Retirement Investors

Target retirement fund
Low account fees

No workaround for initial deposit
High trading fees

Since Vanguard is the largest mutual fund provider in the world, it doesn’t charge a fee for most mutual fund trades. However, other kinds of trading are more expensive, with $7 per option and up to $20 per stock/ETF. For that reason, we don’t recommend Vanguard for beginning or low-volume traders. However, Vanguard is an excellent choice for retirement investors interested in long-term, high-volume earnings, or those looking for a place to take their IRA. In fact, Vanguard is one of our picks for the best IRA accounts.

Interactive Brokers – Best for Low Commission Rates

Rewards active trading
Exceptional platform
Protegés get perks

Trading tech learning curve
Futures trading violations

In terms of volume, Interactive Brokers is technically the largest online stock trading platform in the U.S. It also advertises itself as the “lowest cost broker,” and for good reason: It dropped commissions on stocks and ETFs, and only charges $0.70 per contract fee for options.

If you’re an active, high-volume trader who dabbles in all kinds of assets, Interactive Brokers is a great option, since you can trade just about anything without losing $5 to $7 on every transaction. The platform interface isn’t nearly as user-friendly as Robinhood’s, nor as intuitive as TD Ameritrade’s; however, if you’re the kind of investor who’d benefit the most from Interactive Brokers (i.e., an experienced one), you’ll know your way around a candlestick chart already.

How We Found the Best Online Stock Trading Sites

The 2020s have been a boom era for online stock brokers. According to Statista, between 10% and 15% of all U.S. adults used an online broker at least once in 2020. While some major brokerages have remained the same (Charles Schwab), others have gone through mergers and acquisitions (E*TRADE acquired OptionsHouse; TD Ameritrade and Scottrade merged; TradeKing is now Ally Invest), and a new generation of millennial-focused brokers (like Robinhood and Acorns) has kept the old guard on its toes by lowering commission rates and minimum deposits. After digging into 25 trading platforms, here are the factors that set our top picks apart from the crowd.

  • Ally Invest
  • Charles Schwab
  • Fidelity
  • Interactive Brokers
  • Lightspeed
  • Merrill Edge
  • OptionsHouse
  • OptionsXpress
  • Robinhood
  • Scottrade
  • TD Ameritrade
  • TradeStation
  • AutoShares
  • Chase
  • eOption
  • Just2Trade
  • SoFi
  • SogoTrade
  • T. Rowe Price
  • tastyworks
  • TradingBlock
  • USAA
  • Vanguard
  • WellsTrade

Low overhead

Different investors are going to prioritize different things. A day trader, for example, requires speed and flexibility. A first-time trader may value educational resources and reliable customer support. But one thing every trader should care about is cost. Not paying attention to investment expenses is like revving your car engine while filling it with gas. That’s why we spent a lot of time balancing price with what each site offered.

Affordable pricing structures

Commissions are typically an investor’s largest expense. In 2020, an unassisted transaction fee averaged about $8. But now, since Robinhood came onto the scene with commission-free trades, many of the most competitive brokers including TD Ameritrade and E*TRADE have dropped commission on U.S. stocks, ETFs, and options.. Previously, many of these picks charged up to $7 per trade.

Low fees, as few as possible

We looked for brokers that go light on extra account fees, don’t charge extra to access data, research, and tools, and provide advice for a reasonable rate. Lots of brokers boast amenities like 24/7 financial experts, but most of those services come at a price.

Depending on your strategy, increased fees might just be the cost of doing business, but we aimed to mitigate these costs in our top picks. Seeing your nest egg shrink due to a tough market or bad strategy isn’t fun. It’s worse if you’re also getting dinged by unexpected fees, such as a minimum account balance fee.

Powerful platforms

We tested each brokerage’s platform and weighed in on its standout features, ease of navigation, intuitive controls, and learning resources. Whether you’re looking to make a series of complex trades or to carefully execute your first, intuitive organization and just-in-time pointers are key to a satisfying platform experience.

Strong ratings from investment publications

Like any financial institution, an investment brokerage worth its weight has a strong reputation. We took ratings from noted publications like Barron’s and Kiplinger into account when separating the best from the rest. Our five favorites consistently rank top in both sites’ yearly report, which marks brokerages on technology, usability, and cost.

Guide to Online Stock Trading Sites

Minimize costs

Warren Buffett is the best example to hit this point home. In 2008, he bet some hedge fund managers $1 million that they wouldn’t be able to make more money in a decade than a cheap, boring index fund. An index fund uses simple investing algorithms to track an index and doesn’t require active human management. Conversely, hedge funds stack management fees on top of trading fees to pay for the time and knowledge actual strategists are putting into your investments.

So what happened to the bet? Buffett won and donated the winnings to charity. He managed to beat his high-priced peers not because he scored bigger gains, but because he minimized costs.

Be aware of broker fees, but your strategy can also cost you

The capital gains tax rate favors long-term investments. An investor who buys and sells their stocks within a few months will face a higher capital gains tax rate (25%) on their profits than an investor who buys and holds their stocks for a full year (15%). The larger your investment, the bigger the difference. Granted, there’s a risk to holding an investment for longer, but if you’re close to that one-year cutoff, it might be worth it to sit tight for a few more weeks.

Avoid funds with a high expense ratio

Mutual funds and ETFs come with their own set of fees, too. As with broker fees, pay attention to the expense ratio — usually a percentage of any mutual funds or ETFs you purchase in your account — even if you’re buying them commission-free.

These extra fees are another big cost to investors, but they aren’t deducted from your account balance. Instead, these fees show up in the price on the ticker tape. That’s why the value per share of many high-priced mutual funds and ETFs doesn’t seem to change over time — any growth is offset by fees.

In addition, watch out for mutual funds that charge a front- or back-end load for each purchase or sale. These usually range from 0.5% to 1% and can add up quickly.

Play with your own fake money

Give yourself a few thousand in fake money and play investor for a bit while you get the hang of it. “Just start. Even with just a virtual portfolio. Start and then commit to building over time,” says Jane Barratt, CEO of investment education and advisory company GoldBean. “Don’t expect anything major to happen in a short time — build your money muscles by taking risks in a virtual portfolio.” To experiment with trading before getting your feet wet with real money, try TD Ameritrade’s paperMoney, a virtual trading platform.

Buy what you know

Our experts suggest you begin by looking at your own life. “Buy what you know, where you are. If you can, identify good companies locally,” says Randy Cameron, a portfolio manager and investment advisor with 35 years of experience. “Look for companies you and your friends are talking about, ones with plans to go national.” As for how much time and money you need, “start with what you have,” he says. There is literally no minimum to get started, and starting with just one share is better than putting things off.

Don’t check your account too often

The best investors are in it for the long haul. Checking your account too often might make you react to the fluctuations in the market too quickly. Personal finance expert Ramit Sethi has written that you should check your investments “probably every few months, with a major review every year.” On many sites, you can also set an alert if a stock dives. Other than that, just set up a quarterly recurring appointment to check in.

Stock Trading Glossary

Ally Invest E*TRADE TD Ameritrade Robinhood Fidelity
Best for Cheap trades Active traders Platform design Beginners Research and tools
Stocks ✔* ✔* ✔* ✔* ✔*
ETFs ✔* ✔* ✔* ✔* ✔*
Options ✔* ✔* ✔* ✔* ✔*
Mutual funds ✔*

*Offers commission-free or transaction-free trading

  • Stocks: A portion of a company ownership. The more valuable the company, the more valuable its stock. Level: beginner
  • Bonds: A loan you make to a company or government in exchange for interest and the return of principle at some future date. If your city wants a new stadium, for example, it might issue a bond to pay for it. These investments are rated for safety by third-party companies, with AAA being the least risky. Level: beginner
  • ETFs: Short for exchange-traded fund. These are investment funds that trade like a stock on a stock exchange, but their performance tracks an underlying basket of stocks. They provide diversification within one investment product, so they present lower risk than individual stocks. Level: beginner
  • Options: A contract between a buyer and a seller to buy or sell something at a specified price at a specified time, often as a way to bet on the future price of an investment. Level: advanced
  • Futures: Short for futures contract. This is an agreement to buy or sell assets, such as commodities or shares, at a fixed price to be delivered and paid for at a later date. If you think you can predict next year’s gold price, this is for you. Level: advanced
  • Forex: Short for foreign exchange. This market is for trading currencies and speculating on what today’s yen, euro, etc. will cost tomorrow. Level: advanced

Online Stock Trading FAQ

While it can feel a little nerve-wracking to transfer your money over the internet, you can rest easy knowing that it’s just as secure as when it’s in the bank. Each of our top trading sites puts up a digital vault around your money with 128-bit, two-way data encryption, multi-factor authentication, and up-to-date firewalls.

We found the best stock trading website for beginners to be Robinhood because of its simple, user-friendly design, and lack of commission fees. Robinhood presented an environment that our reviewers, many of them newcomers, found much less intimidating than the more established platforms like Fidelity or TD Ameritrade. Robinhood does, however, lack some options for trading when it comes to bonds, mutual funds, etc. Ultimately, though, we found these omissions better simplified the world of online stock trading for any newcomer and made it easier for us to ease into it.

Most experts recommend starting with around $1,000. Any less, and it’ll be tough to see how your strategies are performing. That said, the sooner you can invest, the better, as you give your money more time to grow. And with no minimum investment requirements on most brokerage accounts, there’s no reason not to get started right away.

Robo-advisors like Wealthsimple, Wealthfront, and Betterment use algorithms to determine your investment strategy. You just plug in your time frame and risk tolerance and their computers do the rest. And because they’re targeted for a younger crowd, fees are rock bottom. Wealthsimple and Betterment both have no account minimum, while Wealthfront requires $500. Wealthsimple charges an annual 0.5% advising fee; Wealthfront and Betterment charge just 0.25%.

Our Other Finance Reviews

Online stock trading is just one piece of a healthy portfolio. We’ve been reviewing financial products and services for years, interviewing the experts and testing the platforms that will help you grow your wealth. Check out some of our favorite reviews below:

Best Binary Options Brokers: 2020 Ranking
  • Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo

    Good choice for experienced traders!

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