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In recent decades, the stock market has become a lucrative field for both seasoned and new investors aspiring to build wealth, especially after online stock trading has become available, where the investor can buy and sell.
In a previous report entitled “The stock market is your way to build wealth… How do you choose a stock trading platform?” An article by Jonathan Sanchez on Invested Wallet discusses how to choose the best stock trading platform.
There are plenty of options for the best stock trading platforms for beginners with no fees, no account minimums, and investing in stocks and ETFs.
Below, we talk about the 4 biggest and most popular apps that offer different features.
Founded in 1946, most investors may know this company, which is privately owned and one of the most important asset managers for retirement accounts.
According to the website, the company has nearly 40 million investors and more than $11 trillion in assets under management.
The company is also famous for its stock trading platform, investors who buy and sell stocks and ETFs online pay zero dollars for commissions, other trading costs are low, and in addition there is no minimum account.
These two points alone make Fidelity a good choice for new investors.
In addition, Fidelity has a lot of educational materials that allow beginners to learn about investing, educational presentations complement search and sorting tools with charts, quotes, news, ideas and more, making it one of the best stock trading platforms for beginners.
Fidelity’s trading platform has more features and the ability to trade other asset classes, making it a good choice for more advanced investors and traders.
However, it does not currently offer cryptocurrencies or futures contracts.
“فانغارد” (Vanguard)
Founded in 1983 by John Bogli, Vanguard is known for the passive index funds it pioneered.
However, the company offers a brokerage account with a relatively powerful trading platform, it is not as well known as offers from other companies, but it can be a good stock trading platform if you are a buy and hold investor in stocks or ETFs.
Similar to other platforms, there are no commissions on stocks or ETFs, and in addition there is no account minimum.
Vanguard has the advantage of being an asset manager with several transaction-free mutual funds, and the company also offers CDs, bonds and options.
Furthermore, Vanguard ETFs and mutual funds have very low expense ratios.
One drawback is that Vanguard has an annual service fee for smaller accounts, and in addition it does not offer as many search and examination tools compared to its competitors, however, the focus of this platform is long-term investment rather than trading.
TD Ameritrade
Today, this company is one of the largest stock trading platforms, and arguably one of the best trading platforms, offering many features and capabilities that other platforms do not provide in addition to low costs, and it is included in the best list of many stock trading platform reviews One crucial fact is that it was acquired by Charles Schwab, but it still operates as a separate entity.
Like other platforms, there are no commission or fees for stock or ETF trades, and there is no account minimum.
Ameritrade offers a wide range of asset classes for buying and selling as well as stocks and ETFs.
The list of asset classes includes mutual funds, bonds, CDs, options, IPO stocks, forex, commodities, cash stocks and bitcoin futures, and the ability to trade some of these securities requires the approval of advanced traders.
TD Ameritrade is known for its wide range of educational options for investors, and there are workshops, webcasts, trainings, videos, magazines and live events.
Beginners trying to learn more about investing or trading need not research further, and for more advanced traders there are research and examination tools.
Robin Hood is the newest stock trading platform on this list. The company was founded in 2013 and has disrupted the fee structure of most brokerages and platforms.
Robinhood launched their app in 2015, offering zero commissions, free trades, and no account minimums.
As a result, the platform has become very popular among millennials. Reportedly, the platform has more than 22 million accounts with an average age in the 30s.
As mentioned above, Robin Hood has no commissions and no account minimums, there are also no annual fees or inactivity fees, and besides stocks and ETFs the platform offers options and cryptocurrencies.
Another advantage is that “Robin Hood” allows investors to buy fractional shares, this point is useful when buying shares with a high price per share for example Amazon, the main advantage of this platform is the simple and straightforward approach.
Robinhood does not offer mutual funds, bonds, forex or futures, however options are sufficient for most new investors, and more advanced traders are likely to switch to another platform.
There are few research and examination tools available, though users who pay for the premium Robin hood Gold service can view market data and access research reports from the Morningstar website.
