Best Online Brokers and Trading Platforms (July 2024)
Are you paying too high fees for your securities account? In fact, many investors give away hundreds of dollars year after year when trading stocks and bonds because they keep their securities account with an expensive bank or online broker and shy away from switching to a perhaps better or cheaper Trading Platform. Switching to another - or even the best - online broker like the state of the art Trading Plattform can be done quickly and is quite uncomplicated.
If you compare the conditions of the most popular securities accounts and switch to a cheaper broker, you can quickly save hundreds of dollars on trading - year after year. Active shareholders can also save several thousand dollars - depending on the investment volume and the number of transactions. It is not only the custody account fees that differ. This Markets Insider comparison shows that the cost of an order to buy or sell securities also varies considerably. For example, a $10.000 order costs around $10 dollars in the most favorable case, and more than $50 in the most expensive.
One of the most popular brokers Plus500, might be relevant for you if you are not only looking for a cheap broker, but also value a modern trading platform and want to trade not only stocks but also on other assets such as cryptocurrencies.
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Plus500 is one of the best brokers for US investors in our opinion for several reasons.
Firstly, its user-friendly trading platform makes it accessible to both beginners and experienced traders. The intuitive interface, coupled with real-time market data and advanced charting tools, allows traders to make informed decisions easily. Plus500 also offers a free demo account, enabling new traders to practice and hone their skills without risking real money.
Secondly, Plus500's competitive fee structure is appealing to US traders. The broker charges zero commissions on most trades and has tight spreads on various assets, making it cost-effective for active traders. Additionally, Plus500 does not impose deposit or withdrawal fees, which can save traders money over time.
Lastly, Plus500 offers a wide range of tradable assets. This diversity allows traders to access various financial markets, including stocks, cryptocurrencies, commodities, forex and indices, all under one platform. Having such a diverse set of options can be advantageous for US traders looking to diversify their portfolios or take advantage of different market opportunities. Plus500's extensive asset selection provides flexibility and convenience to cater to the diverse trading needs of US traders. Explore Plus500
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As of: 16 July 2024, all data without guarantee. This comparison takes into account a selection of popular providers. Our information is objectively researched and independently compiled. So that we can provide you with our information free of charge, clicks on links are sometimes remunerated.