What are the Best Trading Platforms? Here’s a Ranking

Money.it

16 March 2023 - 12:46

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Let’s analyze the advantages and features to understand which is the best platform for trading.

What are the Best Trading Platforms? Here's a Ranking

What is the best trading platform? There is no single answer to this question. Those looking for information to understand which platforms are best for trading may have different needs, and the relative choice will fall on the platform that best meets their needs. Beginners will find a trading platform that has a simple user interface and intuitive to be best. Those who are more experienced need to consult multiple charts at the same time and have access to different asset classes to trade. For others the best trading platform will be the one that offers low commissions, a simple method of loading and withdrawing funds and a certain security given by the opinion of users who already use it, as well as by all the authorizations issued by regulatory bodies.

Analyzed dozens of platforms available to date, so which are the best platforms to trade in 2023?

Best trading platform

A fundamental aspect of trading on the financial markets is finding an online broker that offers a platform capable of best adapting to your financial needs and objectives.

Nowadays, all major online brokers are commission-free platforms for trading stocks and ETFs, and many offer 0 commissions on other assets as well. The best trading platforms offer low commissions in a transparent way and invite you to invest following the good rules of money management, as well as providing all the information useful for carrying out your own fundamental and technical analyses, a wide range of investment options, cutting-edge trading tools, excellent customer service and easily accessible and understandable educational materials. All this always through trading platforms available both from computers and smartphones or tablets.

We immediately list the list of the best trading platforms, seeing below all the major features and advantages:

  • XTB
  • eToro
  • Plus500
  • End of trading
  • Avatrade
  • Directa
  • Oanda
  • Capital.com
  • Degiro
  • Markets.com

Below we list all the useful information that define the services offered by the best trading platforms through easy-to-consult tables. The last line, which we have called "TOP Advantage", highlights the service, feature or advantage that most differentiates the best trading platform from the others.

1) XTB trading platform

Minimum Deposit Absent (you can open a real account and start trading with any amount as a deposit)
Trading commission 0% commission on ETFs and shares (real and CFD) + variable spread starting from 0.00008
Free demo account Yes
Leverage Maximum leverage at 1:30
Withdrawal costs 0 euro above 100 euro
TOP advantage Excellent training material

80% of retail investor accounts lose money when trading CFDs with XTB S.A.

2) eToro trading platform

Minimum deposit 50 euros
Trading commission 0% on stocks, 1% crypto, variable spread on CFDs
Free demo account Yes
Leverage Variable
Withdrawal costs $5
TOP advantage Social trading, to copy strategies and operations of professional traders

62% of retail investor accounts lose money trading CFDs with this provider

3) Plus500 trading platform

Minimum deposit 100 euros
Trading commissions 0 commissions, variable spreads, overnight financing
Free demo account Yes
Leverage 1:30
Withdrawal costs 0 euro
TOP Advantage Easy and intuitive trading platform

86% of retail investor accounts lose money when trading CFDs with this provider

4) Fineco trading platform

Minimum deposit 0 euro
Trading commission 0 euro on CFDs, from 2.95 euro for shares and ETFs
Free demo account No
Leverage Up to 100x
Withdrawal costs 0 euro
TOP advantage It is the most used trading platform in Italy

*Attention: having an account with Fineco is mandatory
67.46% of retail investor accounts lose money due to CFD trading with FinecoBank

5) Avatrade trading platform

Minimum deposit 100 euros
Commissions 0% on stocks and ETFs, variable spreads on CFDs
Free demo account Yes
Leverage -
Withdrawal costs 0 euro
TOP advantage Trading platform among the longest-lived in Italy, born in 2006

76% of retail client accounts lose money when trading CFDs with this broker

6) Directa trading platform

Minimum Deposit -
Trading commission Forex 0.003%, Index CFDs 0.50 - €1 per contract, EUR Futures: min €1.5 per contract, US Futures: min $2.5 per contract
Free demo account Yes
Leverage Yes
Withdrawal costs 0 euro
TOP Advantage High quality live and online training courses

7) Oanda Trading Platform

Minimum deposit 0 euro
Trading commissions Variable spreads
Free demo account Yes
Leverage Variable
Withdrawal costs Variable according to the type of account
TOP advantage Trading platform among the most used in Europe

81% of retail client accounts lose money when trading CFDs with this broker

8) Capital.com Trading Platform

Minimum deposit 20 euros
Trading commissions 0 commissions, variable spreads
Free demo account Yes
Leverage Variable
Withdrawal costs 0 euro
TOP advantage Effective demo account, with a budget of €10,000

84% of individual investor accounts lose money when trading CFDs with this provider

9) Markets.com Trading Platform

Minimum deposit 100 euros
Trading commission 0.1% on stocks and ETFs
Free demo account Yes
Leverage Variable
Withdrawal costs 0 euro
TOP advantage Reliable, wide range of tradable assets

81.3% of retail client accounts lose money when trading CFDs with this provider

10) Degiro Trading Platform

Minimum deposit 0,1 euro
Trading commissions 0 commissions on stocks and ETFs, variable spreads on CFDs
Free demo account Yes
Leverage Variable
Withdrawal costs Variables
TOP advantage Intuitive and high-performance platform

Original article published on Money.it Italy 2023-03-15 14:51:06. Original title: Migliore piattaforma di trading: la classifica

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