✔️ Information reviewed and updated in May 2024 by Eduardo López
If you want to start your journey as a professional trader and you are passionate about the thrill of watching the market and watching your profits, you surely know that it is a relatively long process, but that it involves constant evolution.
So you need to be updated at all times. One of your main choices should be to choose the platform you will use, that's why today We will review the best trading platforms.
What are trading platforms?
Before I jump right into The best platforms for trading, it is necessary to understand what a trading platform is, so that you can choose which one will be the best for you.
Trading platforms are computer programs, which allow managing the operations performed by a user. The different platforms offer resources, tools and information, so that as an investor you can make the best decisions and obtain the maximum benefits with each of your operations.
Today the platforms have evolved a lot and thanks to its great benefits we can create our own Trading strategies, thanks to its graphs, wallet management tools, indicators, technical analysis, news, data in real time, in short, everything necessary to carry out our operations.
A trading platform will give you the freedom to buy or sell, being that negotiation link necessary to continue your path in the world of investments.
Types of trading platforms
Now that you know what a Trading platform is, we will analyze what the different types are, which depend on the broker.
own broker
These types of platforms are typical of brokers, that is, they are developed by the platforms themselves so that users can invest and only their own clients have access.
Multi-broker platform
Continuing with this comparison of trading platforms, a multi broker platform is one that will allow you to connect with different brokers, even if the platform in question is not developed by the broker used.
These types of platforms are created by external companies and are ideal for professional traders, who diversify their investment.
Best platforms for online trading
Now that you know the different types of platforms to do Online Trading, we will talk about the best platforms.
MetaTrader
This is a great option because many brokers use this software and offer it to their clients for free. It has become a favorite, especially if you have recently changed brokers and don't want to go through the experience of adapting to a new interface.
Its interface is easy to use and extremely versatile, and although it is mainly oriented for the foreign exchange market, it also allows you to trade indices, raw materials, shares, etc.
This tool will allow you to have all the necessary information to carry out your operations, since you have a lot of indicators with the necessary information to analyze the market, making it ideal for professional traders.
Trading View
This platform is ideal if what you are looking for is to have real-time graphics at your fingertips, since you can have them quickly thanks to its 100% Online update.
It offers you charts for free and is highly powerful with its more than 150 indicators available in several languages, as well as a Stock Market simulator so you can practice, especially if you are a beginner trader.
Avatrade
This platform allows you to trade indices, raw materials, currencies and shares and its large number of charts and data in real time makes it an ideal option, you can even have personalized advice at your fingertips.
It also offers the possibility of copying the movements of the most reputable investors on the platform and carrying out automatic operations.
For users in Europe
ActivTrades
This broker provides support to operate with assets such as cryptocurrencies, ETFs, shares, among others.
It also offers the possibility of operating your investments on autopilot, copying the movements made by other users, reducing the risk of your investment.
You can operate from your computer or thanks to the application, if you want to be aware of each of your movements.
It has recently implemented the options to invest in cryptocurrencies, so it can be a good option if you are diversifying your investments.
For Latin American users
TradeEU.com
This is one of the best platforms to do Online Trading, mainly because it is one of the best and most reputable on the market, thanks to its features that are suitable for beginners, such as educational tools, but above all the possibility of monitoring the movements of the most successful traders.
It also offers necessary tools for professional traders, however, they may be limited.
Capitalix
Capitalix is a globally recognized trading platform that offers a diversity of trading instruments and advanced technology to provide a fast and efficient trading experience. In addition, it has a 24/7 customer support team and technical analysis tools to help traders make informed decisions.
How to choose the best trading platform?
First of all, you should know that there is no perfect trading platform, the one that is used by practically all traders worldwide.
Each Trader has his own style and adapts different ways to the indicators, charts, even to the interface of each platform.
This means that the best Trading platform depends on each person, especially if it is more suited to one or the other, and to their investment models.
However, if you want to choose an initial one, you can base yourself on the indicators they offer, if they allow you to start a demo account, what is the minimum deposit to create the account and also the price of commissions they charge.
Which is the safest?
Fortunately, today we have a lot of information at our fingertips to choose a secure platform. If you have doubts, you should observe what the regulation of each platform is, but for you to be calmer, I must tell you that all those mentioned in this article are safe and recommended to make your investments.
FAQs
A cryptocurrency broker is a platform that allows users to buy, sell, and store cryptocurrency through an intermediary.
Some of the best cryptocurrency brokers available in 2024 include Coinbase, Binance, Kraken, Bitstamp, eToro, and Gemini.
When choosing a cryptocurrency broker, it is important to consider factors such as security, fees, the variety of cryptocurrencies available, the ease of use of the platform, and the reputation of the broker.
You can verify the security of a cryptocurrency broker by looking for information about its security record, its implementation of security measures such as two-factor authentication and cryptocurrency cold storage, and its regulation in your home country.
A spread in the world of cryptocurrency brokers is the difference between the purchase price and the sale price of a cryptocurrency at a broker. Spreads vary by broker and can have a significant impact on the cost of trading.
The process for opening an account with a cryptocurrency broker can vary, but generally involves providing personal information, such as a valid ID and email address, and completing a verification process.
Trading applications offer a variety of tools to help investors, such as real-time price charts, financial news, technical analysis, price alerts, portfolio monitoring, among others.
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