5 Best Trading Platforms Available In August 2021

When it comes to picking a trading platform, you can't compromise. The internet is littered with options, making it difficult to decide. This guide explores the best trading platforms available and how they stack up with one another.

1. eToro – Best Online Broker

etoro homepage

Starting our list is trusted online broker eToro. eToro is a user-friendly trading platform great for casual investors and trading newbies.

The trading platform popular for its excellent social copy trading and numerous investment options is our top seed in the best trading platforms for June. eToro is regulated by several reputable bodies like the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and ASIC in Australia, making it a safe place (low risk) for you to trade financial instruments.

eToro offers exposure to over 2,500 financial instruments, including stocks, bonds, exchange-traded funds (ETFs), FX currency pairs, contracts for differences (CFDs), and is quickly expanding its crypto offering repository.

Not going the traditional route like other brokerage firms, eToro offers a demo account where users can learn the ropes before depositing funds. Adding to this, eToro runs a CopyTrade functionality that lets beginners mirror the trading strategies of more experienced traders on the eToro platform. This can be a safe way to minimize losses and maximize profits.

eToro gets really attractive with the fees. eToro also offers zero-commission trades allowing investors to place trades and pay only for the share price of the instrument they are investing in.

However, eToro has its quirks. It requires a minimum first-time deposit. The platform requires $200 from customers. Transactions on the platform are also denominated only in US Dollars, and there's a fixed $5 withdrawal fee. This could be a major drawback for users residing out of the US.

Meanwhile, eToro allows users to fund their accounts with payment methods like credit/debit cards, bank wire transfers, e-wallets like PayPal, Neteller, Skrill, etc.

Pros

Zero commission trades
Heavily regulated by top authorities
Demo account with up to $100,000 to practice with
CopyTrade allows new users to copy experienced traders
Easy-to-use web and mobile trading platform

Cons

$5 withdrawal fees

2. Capital.com

capital.com

Founded in 2016, Capital.com is a global contract for difference (CFD) and forex broker. It is licensed by reputable bodies like the FCA and CySEC.

Capital.com has over 1 million active users and aims to offer retail and commercial investors access to several financial markets. Investors can trade CFDs and other derivatives on FX currency pairs, commodities, stocks, indices, and cryptocurrencies.

As extensive as the platform is, it's still pretty affordable to use. Capital.com is a bit similar to eToro. It offers 0% commission trading for all of its financial instruments. This means you can trade CFDs, stocks, and cryptos without paying a premium to get them. This is in stark contrast to other stock brokers online. The platform uses a spread model instead. Which means it adds an extra amount to the price. Captital.com offers some of the tightest spreads in the market, making it one of the best low spread brokers for investors trading small amounts.

Pros