Free forex trading platforms
Take a look at our top picks for online stock brokers. Compare what each offers to find the right service for you.
New forex bonuses
- Commitment to education. The most successful traders never buy stocks based on a “gut feeling.” they do their research, look at the history of the company and its leadership and make selections based on hard data and perspectives of industry experts.
Best online stock trading platforms
Sarah horvath
Contributor, benzinga
Trading stocks means you can end up with a mixed bag of emotions. You might be excited at the prospect of watching your money grow, overwhelmed at the number of stock options available to you or even frustrated if you’re having trouble making your 1st buy.
You don’t want to pile on the feeling of being overcharged by your online trading platform. Commissions, account maintenance charges and other hidden fees can quickly add up and eat into your profits. As a new trader, you may already feel especially hesitant to start investing. You might not be sure which broker to trust and which is worth the price.
Luckily, most brokerages have recognized this fear and created free options to help new traders save more money when getting started. Take a look at our top picks to compare services and find your match today.
Best online trading platforms:
- Best overall online trading platform: tradestation
- Best mobile brokerage: webull
- Best for advanced traders: moomoo
- Best advanced platform: TD ameritrade
- Best for professional traders: interactive brokers
- Best for beginners: robinhood
- Best for advanced traders: schwab
- Best for saving on taxes: vanguard
Compare online brokers
Take a look at our top picks for online stock brokers. Compare what each offers to find the right service for you.
Best for
Overall rating
Best for
1 minute review
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best robinhood alternatives.
Best for
- Commission-free trading in over 5,000 different stocks and etfs
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
- Intuitive trading platform with technical and fundamental analysis tools
Best for
Overall rating
Best for
1 minute review
Tradestation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. Tradestation’s app is also equally effective, offering full platform capabilities.
Best for
- Comprehensive trading platform and professional-grade tools
- Wide range of tradable securities
- Fully-operational mobile app
- Confusing pricing structure to leave new traders with a weak understanding of what they pay
- Cluttered layout to make navigating tradestation’s platform more difficult than it should be
Best for
Overall rating
Best for
1 minute review
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best for
- World-class trading platforms
- Detailed research reports and education center
- Assets ranging from stocks and etfs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
Best for
Overall rating
Best for
1 minute review
Moomoo is a commission-free mobile trading app available on apple, google and windows devices. A subsidiary of futu holdings ltd., it’s backed by venture capital affiliates of matrix, sequoia, and tencent (NASDAQ: FUTU). Securities offered by futu inc., regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA).
Moomoo is another great alternative for robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free level 2 quotes.
Get started right away by downloading moomoo to your phone, tablet or another mobile device.
Best for
- Free level 2 market data for all users who open an account
- Commission-free trading in over 5,000 different stocks and etfs
- Over 8,000 different stocks that can be sold short
- $0 contract fee for trading options, no commission either
- Strong market data and analysis tools with over 50 technical indicators
- Access trading and quotes in pre-market (4 a.M. To 9:30 a.M. ET) and post-market hours (4 p.M. To 8 p.M. ET)
- No minimum deposit to open an account.
- Active trading community with more than 100,000 app users
Characteristics of a successful online stock trader
Though each trader has his own individual set of financial and personal goals, the most successful stock traders enter the market with the following 3 characteristics:
Commitment to education. The most successful traders never buy stocks based on a “gut feeling.” they do their research, look at the history of the company and its leadership and make selections based on hard data and perspectives of industry experts.
They also stay up to date on political happenings both at home and abroad and they factor in how new laws and regulations affect the market. Looking to increase your knowledge of the stock market? Check out our list of the best low-cost day trading courses you can sign up for right now.
Things to look for in an online trading platform
Though most stock trading platforms charge account maintenance fees and commissions, you’ll find a number of brokers that will allow you to trade for free. Some characteristics that all reliable free trading platforms share include:
- An intuitive trading site. A brokerage firm isn’t very useful if you can’t understand how to get started. Watch a few youtube tutorials or website overviews to get a feel for the platform before you commit desktop space and time to the broker. If the platform isn’t intuitive, check the brokerage’s customer service options. A responsive team of customer service professionals may be able to help you understand how to operate a more complicated platform.
- Clear and easy-to-understand free trading. Though some platforms will allow you to trade for free indefinitely, some may only allow commission-free trades within a limited window after opening an account. When you sign up for an account on a free trading platform, make sure you read the terms of service to understand how many free trades you are entitled to with your account. Brokerages that try to hide this information may make their money “tricking” users into thinking that trades are free indefinitely, only to stick them with high fees later on by hiding a clause in the fine print.
- Realistic claims. Trading platforms that make unrealistic claims (like promising a dollar amount of returns or claiming that they have “secrets” that other brokers hide) are more than likely just trying to take your money with a hidden fee or commission. Remember, if it sounds too good to be true, it probably is.
The best online trading platforms
Based on the criteria above, we’ve compiled a list of the best online trading platforms to get started trading stocks for free.
Download metatrader 4
The most popular forex trading platform
Download metatrader 4 for PC to receive the most powerful and convenient tool for technical analysis and trading in the markets. During the first launch, you will be prompted to open a free demo account allowing you to test all the features of the trading platform.
Features of metatrader 4
- Powerful trading system with support for 3 execution modes and 8 order types
- Unlimited number of charts and 50+ analytical tools
- Algorithmic trading, expert advisors and MQL4 IDE
- Metatrader market where you can buy indicators and trading robots
- Trading signals allowing you to copy deals of other traders
- News and alerts informing you of the important market events
Trade forex with the most popular and powerful trading platform.
Metatrader 4 iphone/ipad
Millions of traders have already chosen metatrader 4 ipad/iphone to work in the financial markets anytime and anywhere.
- Access to forex from anywhere in the world 24 hours a day
- Connection to 2 000+ broker servers
- 30 popular technical indicators and 24 analytical objects
- Full-featured trading system: 2 execution modes and 4 order types
- Real-time symbol quotes
- Up to 10 open charts opened simultaneously
- Financial news
- Email and chat
Metatrader 4 can now be placed in your pocket allowing you to trade forex at any time!
Metatrader 4 android
There are numerous android powered smartphones and tablets, and any of them can be used to trade forex via metatrader 4
- Round-the-clock access to the market
- Connection to 2 000+ broker servers
- 30 technical indicators and 24 analytical objects
- Full-featured trading system: 2 execution modes and 4 order types
- Real-time symbol quotes
- 3 chart types and 9 timeframes (periods)
Download metatrader 4 android and manage your trading account wherever you are and whatever you do!
Trade with confidence on the world's leading social trading platform
Join millions who've already discovered smarter investing in multiple types of assets. Choose an investment product to start with.
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Etoroвђ™s popular investor program recognises talented, savvy, responsible traders who share their knowledge. Our top-tier popular investors earn up to 2% annually on their assets under management.
Meet our popular investors
Etoroвђ™s popular investor program recognises talented, savvy, responsible traders who share their knowledge. Our top-tier popular investors earn up to 2% annually on their assets under management.
Meet our popular investors
Etoroвђ™s popular investor program recognises talented, savvy, responsible traders who share their knowledge. Our top-tier popular investors earn up to 2% annually on their assets under management.
Meet our popular investors
Etoroвђ™s popular investor program recognises talented, savvy, responsible traders who share their knowledge. Our top-tier popular investors earn up to 2% annually on their assets under management.
Etoro is a fantastic trading platform, both from an ease of use and technical perspective.
It provides a huge variety of investments and a great community of traders.
Great platform for starting traders. Great selection and transparent fee system! .
Etoro has been making my trading experience enjoyable and secure.
Great service. Fast feedback. Social forum give a lot of info.
I am very satisfied with the services etoro platform provides.
The global leader of social trading
Discover why millions of users from over 140 countries choose to trade with etoro
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Those with less expertise might like to try a platform called etoro, which allows customers to copy вђњstar tradersвђќ directly, and can make traders of even the least informed of punters.
The best returns occur when investors are plugged into diverse social groups that enable them to collide with information from multiple networks. In the social media world, as in real life, it pays to hover on the edge of cliques вђ“ but not get slavishly sucked into just one.
Internet social networks that let users follow investments the way they track status updates on facebook are attracting record interest, turning top performers into market stars for individual investors.
A recent research we carried out with the massachusetts institute of technology has shown that copy trading, where traders watch the trading activity of other people and make their decisions accordingly, performs significantly better than manual trading.
Etoro is the worldвђ™s leading social trading platform, which offers both investing in stocks and cryptocurrencies, as well as trading CFD with different underlying assets.
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You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall etoro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to cfds or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Cryptocurrencies markets are unregulated services which are not governed by any specific european regulatory framework (including mifid). Therefore when using our cryptocurrencies trading service you will not benefit from the protections available to clients receiving mifid regulated investment services, such as access to the cyprus investor compensation fund (ICF)/the financial services compensation scheme (FSCS) and the financial ombudsman service for dispute resolution. Trading with etoro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an etoro community member is not a reliable indicator of his future performance. Content on etoro's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of etoro - your social investment network.
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Best online stock trading platforms
Sarah horvath
Contributor, benzinga
Trading stocks means you can end up with a mixed bag of emotions. You might be excited at the prospect of watching your money grow, overwhelmed at the number of stock options available to you or even frustrated if you’re having trouble making your 1st buy.
You don’t want to pile on the feeling of being overcharged by your online trading platform. Commissions, account maintenance charges and other hidden fees can quickly add up and eat into your profits. As a new trader, you may already feel especially hesitant to start investing. You might not be sure which broker to trust and which is worth the price.
Luckily, most brokerages have recognized this fear and created free options to help new traders save more money when getting started. Take a look at our top picks to compare services and find your match today.
Best online trading platforms:
- Best overall online trading platform: tradestation
- Best mobile brokerage: webull
- Best for advanced traders: moomoo
- Best advanced platform: TD ameritrade
- Best for professional traders: interactive brokers
- Best for beginners: robinhood
- Best for advanced traders: schwab
- Best for saving on taxes: vanguard
Compare online brokers
Take a look at our top picks for online stock brokers. Compare what each offers to find the right service for you.
Best for
Overall rating
Best for
1 minute review
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best robinhood alternatives.
Best for
- Commission-free trading in over 5,000 different stocks and etfs
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
- Intuitive trading platform with technical and fundamental analysis tools
Best for
Overall rating
Best for
1 minute review
Tradestation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. Tradestation’s app is also equally effective, offering full platform capabilities.
Best for
- Comprehensive trading platform and professional-grade tools
- Wide range of tradable securities
- Fully-operational mobile app
- Confusing pricing structure to leave new traders with a weak understanding of what they pay
- Cluttered layout to make navigating tradestation’s platform more difficult than it should be
Best for
Overall rating
Best for
1 minute review
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best for
- World-class trading platforms
- Detailed research reports and education center
- Assets ranging from stocks and etfs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
Best for
Overall rating
Best for
1 minute review
Moomoo is a commission-free mobile trading app available on apple, google and windows devices. A subsidiary of futu holdings ltd., it’s backed by venture capital affiliates of matrix, sequoia, and tencent (NASDAQ: FUTU). Securities offered by futu inc., regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA).
Moomoo is another great alternative for robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free level 2 quotes.
Get started right away by downloading moomoo to your phone, tablet or another mobile device.
Best for
- Free level 2 market data for all users who open an account
- Commission-free trading in over 5,000 different stocks and etfs
- Over 8,000 different stocks that can be sold short
- $0 contract fee for trading options, no commission either
- Strong market data and analysis tools with over 50 technical indicators
- Access trading and quotes in pre-market (4 a.M. To 9:30 a.M. ET) and post-market hours (4 p.M. To 8 p.M. ET)
- No minimum deposit to open an account.
- Active trading community with more than 100,000 app users
Characteristics of a successful online stock trader
Though each trader has his own individual set of financial and personal goals, the most successful stock traders enter the market with the following 3 characteristics:
Commitment to education. The most successful traders never buy stocks based on a “gut feeling.” they do their research, look at the history of the company and its leadership and make selections based on hard data and perspectives of industry experts.
They also stay up to date on political happenings both at home and abroad and they factor in how new laws and regulations affect the market. Looking to increase your knowledge of the stock market? Check out our list of the best low-cost day trading courses you can sign up for right now.
Things to look for in an online trading platform
Though most stock trading platforms charge account maintenance fees and commissions, you’ll find a number of brokers that will allow you to trade for free. Some characteristics that all reliable free trading platforms share include:
- An intuitive trading site. A brokerage firm isn’t very useful if you can’t understand how to get started. Watch a few youtube tutorials or website overviews to get a feel for the platform before you commit desktop space and time to the broker. If the platform isn’t intuitive, check the brokerage’s customer service options. A responsive team of customer service professionals may be able to help you understand how to operate a more complicated platform.
- Clear and easy-to-understand free trading. Though some platforms will allow you to trade for free indefinitely, some may only allow commission-free trades within a limited window after opening an account. When you sign up for an account on a free trading platform, make sure you read the terms of service to understand how many free trades you are entitled to with your account. Brokerages that try to hide this information may make their money “tricking” users into thinking that trades are free indefinitely, only to stick them with high fees later on by hiding a clause in the fine print.
- Realistic claims. Trading platforms that make unrealistic claims (like promising a dollar amount of returns or claiming that they have “secrets” that other brokers hide) are more than likely just trying to take your money with a hidden fee or commission. Remember, if it sounds too good to be true, it probably is.
The best online trading platforms
Based on the criteria above, we’ve compiled a list of the best online trading platforms to get started trading stocks for free.
What is A trading platform
Before we get onto the main chunk of the course, we must get accustomed to a trading platform.
What is a trading platform?
It’s either a piece of software or a website that is used to access the markets and to execute trades. Sometimes they are called trading terminals.
The trading platform will be your gateway to the markets using the charting packages included to perform your daily, weekly or monthly analysis.
Without a trading terminal/platform, just like back in the earlier days of trading, you would have to call up your broker to execute a trade. Now, it’s a simple click (or tap) of a button!
It is important to note that all trading platforms are not the same.
Some of the more advanced charting packages are reserved for the software packages only.
Whereas the website trading platforms all you to trade at any time and anywhere.
Every single broker you sign up for will provide either an online web trading platform or a software version.
You should not choose a broker because of their platform, and vice versa.
We will discuss more brokers shortly.
Throughout this course, we will be using the MT4 platform to demonstrate how to trade the forex markets. Although, all the lessons learned are easily transferrable to other platforms.
As you can imagine there are hundreds of brokers, whereas there is only one MT4 platform – which is used by the majority of the brokers – therefore it makes sense to teach on this platform.
Not got an MT4 platform yet? Click here
Web platforms delivered by brokers are very reliable, stable, and offer quick executions.
Some web platforms come with third-party analysis software that will give you chart pattern recognition alerts, which are okay if you want to blindly follow another third-party.
But you are not here to do that, you are here to learn to profit from the markets yourself, right?
In addition to that, the spreads can be fixed/a lot tighter than what is offered on a software package, but as time and technology have advanced – only good, respected, and legitimate brokers will offer the same spreads on both software and web platforms.
With that being said, with web platforms, you have 0 control over the technical indicators (apart from adjusting the settings of the indicator). For example, are you looking to trade off the donchian chanel? Most brokers don’t have this. So if you use specific indicators that are not the norm – then this may not be the best route.
Some brokers won’t even allow you to adjust the fibonacci retracement levels, which is a major let down, to be honest.
We must remember, brokers are not technology companies – they are market wholesalers providing execution of trades for you. So, the technology behind a broker’s web platform is only secondary to their service. Remember this. Most web platforms are simply white-labeled solutions from another technology provider or broker.
Software trading platforms:
The major brokers also offer software trading platform solutions for their clients. These are downloadable programs that you can install on your computer or downloadable mobile app solutions.
The most common software trading platform is provided by metaquotes called metatrader 4. There are two other popular choices, but these are not offered by all brokerages.
These are called ninjatrader & ctrader – both a feature similar functions as metatrader 4 but the core focus is on trading automation.
Due to it’s widest adoption rate, the metatrader 4 platform will be the most likely platform you will be using. There are no advantages or disadvantages to the ninjatrader & ctrader platforms.
With that being said, why would you choose to download and install a software trading platform over the web platform?
Quite simply, the web platforms are customisable, feature locked in, and standardised. This is partly due to the fact that they have to offer the same platform to all of their clients.
Whereas the software trading platforms you are able to do the following:
Customise trading indicators
Add your own bespoke indicators
Add automation rules to trading
Add more advanced order types and stop losses
Save all analysis on each asset easily
At the end of the day, it doesn’t matter what you use to trade – the most important aspect of all of this is the trading costs and execution of each trade.
We will discuss more brokers, how they work and what you must look for in a broker before even entertaining the idea of opening an account.
Forex trading without deposit | no deposit bonus explained
It’s no surprise that one regular lot is equal to 100,000 currency units – forex trading is definitely an expensive endeavor. However, there are still some ways in which you can start trading forex while maintaining some sort of profitability without spending hundreds of thousands of dollars.
No deposit bonus in a glance
In forex trading you can, in fact, start trading with no money of your own or even making a deposit. With free no deposit bonus offered by the top forex brokers, you can start forex trading without deposit with a good boost.
There is no sense in hiding the fact that FX trading is risky, especially if you are trading without proper knowledge and at least minimal experience. In an attempt to prevail over the risk of losing your money and to stay safe, it is undoubtedly better to start trading with a free forex account or no deposit bonus offered by various FX brokers. Especially if such deals are not so rare at this time and even best forex brokers sometimes offer such deals.
It is always better to preview all conditions that offer you an option to trade without money of your own. So, be sure to start forex trading without a deposit now and get yourself a good and reliable deal!
But let’s say that although you’ve learned how to start deposit free forex trading, it’s still too risky for you. Thankfully, there is an alternative. One way to start trading with a broker is by opening a free forex demo account for beginners. A demo account will allow you to try your hand at trading on the real market without ever touching real money. One of the best brokers to try a free demo account with would be FXTM. If you don’t want to be working with FXTM and want access to a reliable forex broker that offers its services around the globe, alpari offers a similar service, including forex trading demo accounts. If you are a US citizen that wants to trade with local brokers, then you should go for forex.Com, who offer their services within the US and are known to be one of the best brokers in the world.
Transparent pricing and fast, reliable trade executions on over 80 currencies
Start trading with the largest forex broker in the US
How to start forex trading without deposit: tips & recommendations
As a matter of fact, a lot of brokers worldwide try to offer their clients those no deposit deals, and we’ve even seen some trading apps without deposit popping up here and there. Do not perceive this as an act of generosity though, those bonuses serve as a sort of protection for them also. But still, this is good for you if you want to start forex trading without a deposit.
Here are some of the main considerations that can help you spot a decent no deposit bonus:
- If you somehow dislike conditions and terms offered by the broker – simply skip the promotion. Let’s investigate the ways that may help you find the best bonus in FX. First of all, bonuses must be easy to understand and transparent in general conditions. If you see non-explicit information presented, avoid the promotion or ask the broker for clarification.
- If you wish to take part in the particular promotion and start forex trading without investment, then do not overlook terms and conditions. Even the smallest detail must be in your sight. A free bonus is actually not always 100% free. Some brokers may ask you to deposit some money in order to collect your profits. Indeed, such promotions are scams.
- Be attentive, because some forex brokers can demonstrate a good opportunity with their no deposit bonus, however it may ask to complete the trading volume requirement. Stay away from the bonus that asks to complete more than 1 lot for $10 to further unlock the profits and balance.
- Bonuses can vary in terms of geographical location requirements. Therefore, ensure that FX bonus accounts of the broker are given in your country as well if you desire to start forex trading without investment. Furthermore, there can be account restrictions. This means that no deposit bonuses may not always be available for every account at a particular broker. Thus, check whether you applied for a correct account.
- In addition, make sure what instruments can be traded to withdraw your profit before you begin trading as sometimes FX bonus accounts are not available for some of them. As for the withdrawal, some forex bonus brokers limit the maximum profit available to withdraw from the account. So, do not miss this field before you start trading on your no deposit FX bonus account.
- Bonuses are frequently represented only in 1 currency equivalent. However, there are many no deposit bonuses that evaluate a similar amount in your local currency, so doing your research in order to figure out how to join forex trading without making any deposits is a good way for ensuring success in the long run.
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How to start forex trading without a deposit?
As one of the cases, no deposit bonus may come with SMS verification. It is recommended to make sure that you have the right phone number prior to start applying for the bonus.
One of the last tips that can help you find a trustworthy no deposit bonus, or at least help you get through a scammer, is to save the terms and conditions document as a .Pdf file. Do this even if you deal with the best no deposit forex bonus account. You can use the help of your account manager and ask him to confirm all the statements of the bonus promotion in which you participate.
Start forex trading without deposit: introduction to best no deposit bonuses
Although there are very good no deposit bonuses offered by industry leaders and most proficient brokers, you should understand one fact: FX bonuses without a deposit are most frequently offered by bad brokers. That is the very reason why you should be very careful not to get entangled with a scammer.
All this leads to us stressing how important it is to be attentive at all times, so be attentive to details when researching how to start trading with no deposit bonuses. Fortunately, we have examples of the best brokers/investment firms.
Start forex trading without investment: XM forex broker
To begin with, XM is recognized by the united kingdom-based organization – investors in people for its powerful efforts in developing individuals to realize their entire potential and achieve both individual and corporate goals. We should also admit that this organization provides a huge amount of proven tools and resources specially designed to complement its unique framework with an aim to boost performance and indeed maximize sustainability. XM achieves this standard by showing that it is a driving force in the online trading sector and is committed to the provision of services and products of the best quality. How to start forex trading without money? If you are interested, you can claim the XM 30 USD no deposit bonus!
Get your 30 USD no deposit bonus with XM, and start trading today
Sign up with top tier broker and get the best no deposit deal on the market
*clients registered under the EU regulated entity of the group are not eligible for the bonus
No deposit bonus as an alternative – is it worth it?
So, now that you know what no deposit bonuses are and how they work, one question remains active: is it actually worth it to sign up for one yourself? Will you get any significant benefit from it?
The answer to that question is subjective; some traders can definitely find use in this type of promotion by amassing a small account balance and then turning it into a full-blown trading career. But in order to do so, you need to be very careful not to catch a scammer instead of a legitimate promotion issuer.
As for other traders, they often prefer spending their own money, which gives them more incentive to be more careful in the market – after all, it’s their own money they’re risking.
So, suffice to say no deposit bonuses have their time and place; one just has to seize that exact moment.
IG trading signals
Spot potential trades with free forex signals, index signals and commodity signals.
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from monday to friday from 9am to 6pm.
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from monday to friday from 9am to 6pm.
Why use our free trading signals?
Get free real-time trading ideas for forex, indices and commodities.
Free up your time, with continuous analysis done on your behalf.
See and action trade signals easily on your mobile or desktop
What are trading signals?
Trading signals are actionable ‘buy’ and ‘sell’ suggestions for traders, based on emerging chart patterns and key levels being met. You can see signals for a huge range of markets in our platform, and use them to help you decide how to trade.
Disclaimer:
our signal service does not constitute and shouldn’t be regarded as investment advice. We provide an execution-only service. You act on signals entirely at your own risk.
Using trading signals in our platform
Signals at a glance
Use the in-platform pane to view forex trading signals, index signals and commodity signals, including provider, direction and timeframe.
Technical signals
Get chart analysis of your selected market, along with entry and exit price targets to inform your trade.
Fundamental signals
Together with concise market analysis, you’ll also see entry and exit points, support and resistance levels and the provider’s level of confidence in the signal.
Who creates our trading signals?
Our signals come directly from two third-party providers, autochartist and PIA-first.
Autochartist’s pattern-recognition technology and PIA-first’s experienced professionals analyse charts for you, saving you time and helping you back up your own analysis.
Established in 2004, autochartist is a market leader in automated technical analysis.
- Scans the markets and analyses data across multiple timeframes
- Provides objective chart pattern information to help guide your decisions
- Eliminates subjectivity from chart analysis
PIA-first is a trading strategy service from market professionals with over 45 years’ combined experience.
- Gives running analytical commentary as conditions play out
- Shows key levels – entry, exit, support and resistance
- Sets signals in a wider economic context
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17 000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17 000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
How to use trading signals
- Create a trading account with us
- Log in and open the trading platform
- Select ‘signals’ from the left-hand menu
- Choose your trading signal (ie ‘buy switzerland blue chip’, or ‘sell EUR/CHF’)
- View the trading signal and accompanying analysis from autochartist or PIA
- Click ‘copy to order’ to trade on the signal
What markets can I get trading signals for?
Forex signals
Get forex signals for a range of popular pairs – including EUR/USD, GBP/USD and USD/JPY.
Index signals
Find automatic analysis for germany 30, wall street, US tech 100 and other top indices.
Commodity signals
Discover opportunities in metals, energies and softs as they develop.
You can get forex signals, index signals and commodity signals with us.
Trading signals are a great way to have chart patterns, which can constitute ‘buy’ and ‘sell’ opportunities, recognised and analysed automatically – taking some legwork out of your analysis. They’re a useful part of your broader analysis toolkit. However, you act on them entirely at your own risk – they’re never a sure thing.
Our signals come directly from third-party providers – autochartist and PIA-first.
You can get signals on your mobile devices with the IG trading app, and on desktop with the IG trading platform.
You’d set a trading alert to notify you of the economic releases, price changes or a chart meeting your technical conditions (which might be a signal in itself). Our trading signals inform you of significant trends or patterns in the markets that could lead to a trading opportunity.
Try these next
Our platforms
Trading on the move
Automate your trading
Turn opportunities into trades on fast, intuitive technology.
Trade wherever you are, whenever you want with our award-winning apps. 1
Advanced trader? Plug your own algorithms into MT4.
1 awarded ‘best finance app’ and ‘best multi-platform provider’ at the ADVFN international financial awards 2020.
Markets
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Contact us
Cfds are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our risk disclosure notice and ensure that you fully understand the risks involved.
This website is owned and operated by IG bank S.A. Registered address at 42 rue du rhone, 1204 geneva, authorised and regulated by FINMA.
The information on this site is not directed at residents of the united states and belgium, or any particular country outside switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Best stock trading platforms 2020
We take a look at five of the top options for online investors
High investment minimums and transaction fees were once major barriers to entry for new investors, but the rise of online trading platforms has made investing more accessible than ever. Contemporary investing tools offer affordable trading and a variety of helpful features for both novice and expert traders.
In this article, we’ll take a look at five of the best stock trading platforms for investors to consider in 2020 and beyond. While each one provides unique pros and cons compared to the others, you can’t go wrong with any of these services.
- Best forex trading apps: trade and invest on your android or iphone
M1 finance
Affordable investing with an intuitive design on both desktop and mobile
Reasons to buy
Reasons to avoid
M1 finance is one of the most popular online investment platforms, and it’s easy to see why so many users prefer it over more traditional options. Along with powerful free investment tools, the platform also has checking accounts, debit cards, loans, and other financial services.
You can access M1 finance through the web client or the mobile app, available for both ios and android devices. Regardless of the device you’re using, M1 finance has a clear, simple design that makes it easy to find what you’re looking for.
Furthermore, most of M1 finance’s features can be used for free. There are no transaction fees, most accounts can be opened with as little as $100, and the platform even offers fractional shares. That said, retirement accounts do require a minimum initial investment of $500.
M1 finance also provides an optional premium subscription for $125 per year. M1 plus comes with 1% cashback and 1% APY on checking accounts, 1.5% off the typical loan rate, and access to the afternoon trade window for investors. None of these features are necessary to use the service, so you can always start with a free account until you decide whether to upgrade.
The M1 finance investing tool makes things simpler for all investors, regardless of their experience. Portfolios are visualized through a pie chart, and it’s easy to adjust the relative size of each asset. Users can develop their own “pies” using stocks and funds or choose from a variety of pre-built expert pies, including target-date funds and various stock/bond allocations. All things considered, M1 finance is an excellent option for most investors in 2020.
Robinhood
An accessible app for novice investors
Reasons to buy
Reasons to avoid
Robinhood is the most popular investing app on the app store, and it can also be downloaded through google play or accessed online. While it’s a functional platform for experienced investors, its features are generally designed for people who are relatively new to investing.
The service is introducing the ability to invest in fractional shares, which can be extremely convenient for more expensive stocks. Robinhood is currently in early access and should receive a full rollout in the near future.
Users can open an account without any investment minimums. Like M1 finance, robinhood doesn’t charge fees on buys or sells. Furthermore, the website provides helpful articles on a wide range of basic trading topics. These factors make it one of the most accessible options for people who are just getting started with investing.
Robinhood isn’t limited to stocks, etfs, and options. In contrast to M1 finance and many other services, robinhood has decent options for people who want to invest in cryptocurrencies. The platform currently supports the following currencies:
- Bitcoin (BTC)
- Bitcoin cash (BCH)
- Bitcoin SV (BSV)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Ethereum classic (ETC)
- Litecoin (LTC)
However, one of the key downsides of robinhood compared to other investing platforms is that it doesn’t offer 401(k)s, iras, or any other retirement accounts. These accounts provide substantial tax benefits, so they’re often the most cost-effective way for new investors to get started. Furthermore, there’s no support for foreign exchange trading or certain common assets, such as bonds and mutual funds.
Best forex demo accounts
Luke jacobi
Contributor, benzinga
Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com
Trading forex in a demo account offers a great way to get started operating in the world’s largest financial market. You generally just need to open a demo account with an online broker of your choice to get your feet wet. That involves selecting among the various forex brokers available, which requires some initial research on your part to determine the most suitable one for your experience level and trading requirements.
Why choose a demo account?
Trading in a demo account can really help forex beginners who might otherwise have to learn how to trade forex using real money and the financial risks that come with it. While demo trading lacks the emotional rush involved in risking real funds, it does train you to watch the market. It can also give you a good feel for how exchange rates move without risking any real money.
Virtual trading removes the key psychological element involved in risk-taking that can make or break a trader. Even though it does not accurately assess your trading abilities, it can help you practice. You can also use demo account trading to assess the historical performance of your trade plan and train yourself to use a trading platform.
Basically, a forex demo account offers an educational tool for novices to begin trading forex and test their strategies in a real-time trading environment without taking the associated financial risks involved in trading a real money account.
Best forex demo accounts
These days you have a lot of options to choose from among the various online forex brokers to trade currencies through, although traders based in the U.S. Have fewer choices as a result of regulatory restrictions.
Below you will find benzinga’s picks for the top forex and/or contract for difference (CFD) brokers that offer demo accounts in 5 key categories. You will also find details about each broker along with a screenshot of the trading platform you can check out via demo account trading. After deciding on a reputable broker, you can get in touch with them directly to open and start trading in a demo account.
Account minimum
Pairs offered
Minimum trade size
Spread
Commisions
1. Best overall: FOREX.Com
FOREX.Com offers a demo account to prospective clients and ranks as the best forex broker overall. You can practice trading up to 80 currency pairs on FOREX.Com’s advanced trading platforms, even if you live in the U.S.
Non-U.S. Residents can also use the popular metatrader platform that allows you to automate your trading plans and backtest new strategies.
You can check out benzinga’s FOREX.Com review for more information about this excellent broker.
Account minimum
Pairs offered
Minimum trade size
Spread
Commisions
2. Best for social trading: etoro
Etoro specializes in social trading that allows you to follow and copy the trades of expert traders who have an established track record with proven profitability.
Etoro also lets you trade more than 2,000 different assets in a demo account, and virtually any trader should find its intuitive forex platforms and apps easy to use, although it does not support the popular metatrader platforms.
Etoro also has excellent educational resources and it accepts U.S. Residents of most states as clients.
Account minimum
Pairs offered
Minimum trade size
Spread
Commisions
3. Best for virtual funding amount: avatrade
If you want a substantial amount of virtual money to practice trading with, then avatrade offers an impressive sum of $100,000 to initially fund your demo account.
That makes this broker our top pick from a virtual funding standpoint.
Avatrade also excels when it comes to the number and variety of trading platforms supported, which include metatrader, zulutrade and an impressive forex and options trading platform called avaoptions.
4. Best for ease of use: easymarkets
Beginner forex traders looking for a broker with the easiest-to-use trading platform will find easymarkets a good choice to open a demo account with. Versions for phone, tablet and desktop devices are all available.
5. Best for unlimited demo time: plus500
Plus500 is a top CFD provider with over 1,000 assets available for trading in a demo account that includes 70 forex currency pairs, as well as stocks, cryptocurrencies, exchange-traded funds (etfs), indices and options. The broker does not accept U.S. Clients.
Plus500 desktop and mobile trading platforms have an intuitive interface that both novices and experienced traders will find very accessible to use for demo account trading. The broker also offers unlimited time on its demo accounts, which makes them ideal for building a long-term performance track record.
Commissions
Account minimum
6. Best for customizable apps: IG
IG offers a few smart ways to trade forex:
- IG’s web trading platform
- Mobile apps
- Metatrader 4
- Prorealtime
IG’s clients can trade global currency markets at low spreads. IG, as a leading forex provider, offers and intuitive trading platform and customizable apps.
You can develop your trading knowledge with IG’s free online courses, webinars and seminars as well, called the IG academy.
You pay a spread on every trade. Here are a few pairs that include IG’s costs and value per pip:
| Market name | value per pip | min spread | ave spread* | margin req |
|---|---|---|---|---|
| EUR/USD | $10 | 0.8 | 0.9 | 2% |
| AUD/USD | $10 | 1 | 1.2 | 3% |
| EUR/GBP | £10 | 1 | 1.7 | 5% |
| GBP/USD | $10 | 1 | 1.4 | 5% |
| potential matches | IG group – product | |||
| potential matches | IG group – product | |||
| potential matches | IG group – product |
| market name | value per pip | min spread | ave spread* | margin req |
|---|---|---|---|---|
| EUR/USD | $10 | 0.8 | 0.9 | 2% |
| AUD/USD | $10 | 1 | 1.2 | 3% |
| EUR/GBP | £10 | 1 | 1.7 | 5% |
| GBP/USD | $10 | 1 | 1.4 | 5% |
| potential matches | IG group – product | |||
| potential matches | IG group – product | |||
| potential matches | IG group – product | |||
| potential matches | IG group – product |
Risk and reward in forex trading
Forex traders make money just like stock traders do by taking positions that rise in value. They also make losses by taking positions that lose in value. When trading positions remain open, any profits or losses stay unrealized, but they become realized when the position is closed out.
Almost all online forex brokers let traders increase the risk they can take and potentially magnify their profits by leveraging. Leverage is generally expressed as a ratio of the size of the position you can control when you place 1 base currency unit on deposit to use as margin. A 200:1 leverage ratio, therefore, means you can control a $200 position by placing just $1 on deposit as margin.
To trade successfully, typically only consider making transactions that meet a certain minimum risk/reward ratio that you find acceptable. For instance, you could risk 100 pips on 1 trade to potentially gain 300 pips if your market view turns out to be correct. This results in an estimated risk/reward ratio of 100:300 or 1:3 on that trade.
Opening a demo account helps you choose a broker
Selecting the right forex broker is one of the most important decisions you will make as a forex trader, so choose wisely. In addition to finding one that fits your trading requirements, you’ll also want a reliable and reputable broker that submits to a strong regulatory agency for oversight.
Opening a demo account with any online broker that you would consider using makes total sense. You can use a demo account to learn how to use the broker’s trading platform, to practice trading and to test out new trading strategies in a real-time trading environment without the risk of actual financial loss.
Methodology
These top forex brokers all offer demo accounts and were selected for this review for a variety of reasons that depend on the category we felt they excelled in. Essential requirements for each online broker chosen included having responsible regulatory oversight, a decent overall reputation with clients, an extended period in business and a significant amount of currency pairs clients can trade.
So, let's see, what we have: both beginning and advanced investors want to cut unessential costs. Read and compare the best free online trading platforms for you in 2021. At free forex trading platforms
Contents of the article
- New forex bonuses
- Best online stock trading platforms
- Best online trading platforms:
- Compare online brokers
- Characteristics of a successful online stock...
- Things to look for in an online trading platform
- The best online trading platforms
- Download metatrader 4
- The most popular forex trading platform
- Trade with confidence on the world's leading...
- Choose an investment product to get...
- Stocks & etfs
- Cryptocurrencies
- CFD trading
- New to trading?
- 100% stocks, 0% commission
- Join the social trading revolution. Connect with...
- Meet our popular investors
- Meet our popular investors
- Meet our popular investors
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- The global leader of social trading
- In the press
- Top instruments
- Support
- Learn more
- Find us on
- About us
- Privacy and regulation
- Partners and promotions
- Best online stock trading platforms
- Best online trading platforms:
- Compare online brokers
- Characteristics of a successful online stock...
- Things to look for in an online trading platform
- The best online trading platforms
- What is A trading platform
- What is a trading platform?
- Forex trading without deposit | no deposit bonus...
- No deposit bonus in a glance
- How to start forex trading without deposit: tips...
- Start forex trading without deposit: introduction...
- No deposit bonus as an alternative – is it worth...
- IG trading signals
- Why use our free trading signals?
- What are trading signals?
- Using trading signals in our platform
- Who creates our trading signals?
- Open an account now
- Open an account now
- Fast execution on a huge range of markets
- Deal seamlessly, wherever you are
- Feel secure with a trusted provider
- Open an account now
- Open an account now
- Fast execution on a huge range of markets
- Deal seamlessly, wherever you are
- Feel secure with a trusted provider
- Start trading now
- Start trading now
- How to use trading signals
- What markets can I get trading signals for?
- Try these next
- Our platforms
- Trading on the move
- Automate your trading
- Markets
- CFD trading
- Trading platforms
- Market insight
- Contact us
- Best stock trading platforms 2020
- Best forex demo accounts
- Why choose a demo account?
- Best forex demo accounts
- Account minimum
- Pairs offered
- Minimum trade size
- Spread
- Commisions
- 1. Best overall: FOREX.Com
- 2. Best for social trading: etoro
- 3. Best for virtual funding amount: avatrade
- 4. Best for ease of use: easymarkets
- 5. Best for unlimited demo time: plus500
- 6. Best for customizable apps: IG
- Risk and reward in forex trading
- Opening a demo account helps you choose a broker
- Methodology
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