There can be a lot of options when it comes to finding the right online trading platform, but our research has shown that some brokerages stand out as being better than others. We’ll show you how they compare and give our opinion on which one is best for each type of investor: long-term investor (HODL), daily trader, or swing trader looking three months forward.
In this article, we’ll be taking a look at the 15 Best Stock Trading Platforms online in 2022 for different types of investors. We’ve outlined our top picks below along with what they offer and why you might want to use their platform:
- Robinhood: Best for Beginners
- Webull: Best for Active Traders
- Coinbase: Best for Crypto Investors
- FTX US: Best for Futures Traders
- Gemini: Best for those looking for a Regulated Exchange
- BlockFi: Best for Interest and Lending Earnings on Assets
- eToro: Best Social Investing Platform
- M1 Finance: Best Robo-Advising Platform
- Stash: Best Financial Education Platform
- SoFi Invest: Best Investment Learning Platform
- TD Ameritrade: Best Active Trading Platform
- Fidelity: Best Online Broker
- E*Trade: Best Retirement Broker
- Vanguard: Best Low Fees Broker
- Charles Schwab: Best Foreign Markets Broker
1. Robinhood: Best for Beginners
When it comes to beginner traders, there is no better option than Robinhood. Robinhood is a commission-free trading platform that offers a simple and user-friendly interface, making it perfect for those just starting out. You don’t have to be a college student or have a lot of money to start trading – all you need is an iPhone or Android device and you’re good to go.
Plus, Robinhood offers a variety of trading options, so you can trade stocks, ETFs, options, and more. So if you’re looking for the best platform for beginner traders, look no further than Robinhood. Robinhood is headquartered in Menlo Park, California.
2. Webull: Best for Active Traders
Webull is a brokerage that offers commission-free stocks and other trading options. The platform was designed for users who are intermediates, with advanced order types to help them develop personalized investment strategies as well as tons of data on the stock market available through their mobile app or desktop browser! They also provide educational content in order stimulate new traders interested in learning about active investing techniques.
3. Coinbase: Best for Crypto Investors
Coinbase is a great choice for anyone looking to get started investing in cryptocurrency. The intuitive interface, educational tools and strong security measures make it an ideal platform from which you can learn about this new technology while safely storing your coins – whether as long term investments or just pocket change!
Coinbase Earn Program offers free crypto rewards by reading articles and watching short videos which teach how specific coins work, their functions, and benefits – all while earning some cryptocurrency too!
Coinbase Storage offers a couple different options for storing your cryptocurrencies. The first option is to store them on the Coinbase exchange; you’ll have access but not control over the private keys. Another option is have your cryptocurrencies in a safe and separate hot wallet, such as Coinbase Wallet. Users have control over private keys and can move coins between various wallets and participate in decentralized finance activities requiring crypto transfers or payments outside the exchange!
Coinbase Pro is a free software that offers lower fees and additional features for users interested in actively trading crypto.
4. FTX US: Best for Futures Traders
FTX US is one of crypto’s leading exchanges for both retail traders and professional investors alike. Featuring innovative products like futures, indices, and tokenized assets, yet still backed by top cryptocurrency liquidity provider Alameda Research proves to offer great user experiences with high levels of security. This platform is an all around winner for traders looking to take their investments further into 2022-2023.
5. Gemini: Best for Providing a Regulated Exchange
Gemini is the perfect platform for crypto beginners and veterans alike. With industry-leading security features, its own hot wallet to keep your funds safe in case of emergencies like hacks or power outages (Gemini even has an emergency response team), as well as a comprehensive support center that’s always available when you need it – this exchange won’t leave any trader disappointed!
Gemini ActiveTrader is the perfect crypto trading platform if you are an experienced investor. It includes features that allow traders to place orders quickly and efficiently with lower fees than many other platforms!
6. BlockFi: Best for Interest and Lending Earnings on Assets
BlockFi is changing the way people buy and sell cryptocurrency. It offers a crypto exchange where you can purchase Bitcoin (BTC) or other digital currencies, as well as credit cards that utilize blockchain technology and provide crypto-backed loans.
The BlockFi Rewards Visa® Signature Credit Card is a great way to earn cryptocurrency rewards on every purchase. With no annual fee and up 2% back in the crypto of your choice, this card will help you take home some extra coins!
BlockFi’s crypto-backed loan offerings is a new lending service that will allow you to borrow funds in U.S dollars against your crypto assets with interest rates as low 4 5%. You can receive the money same day and pay off this loan at any time without penalty- just like a traditional bank! BTC, ETH, LTC, PAXG coins can all be used as loan collateral.
7. eToro: Best Social Investing Platform
eToro is a social trading platform that has more than 20 million users in 140 countries worldwide, and now offers stocks and ETFs to U.S customers for the first time ever!
Investors have been flocking to eToro for one simple reason – it’s the only platform that allows users to copy other investors’ trades. Etoro has launched CopyTrader, which will allow you take advantage of other traders’ investments. With this new service it’s easy for anyone who wants in on what they’re doing – simply choose an investor and let their system do all work while mirroring those positions automatically (with stop-loss levels included).
8. M1 Finance: Best Robo-Advising Platform
M1 Finance is a company that was founded in 2015 by Brian Barnes. It’s an innovative financial firm focused on providing services for investors and helping them achieve their investment goals with cutting-edge technology, like robo-advisors who take care of all the challenging investing methodologies and approaches so you don’t have to!
M1 Finance offers banking services named M1 Spend and provide users the opportunity of borrowing against these assets if needed. M1 recently launched its crypto platform, M1 Crypto, in July 2022. You can start researching the latest trends in cryptocurrency today!
9. Stash: Best Financial Education Platform
Stash is the best place to invest your money if you want hands-on experience with investing. You can open an account without any minimum requirements, and they offer managed Smart Portfolios that cost $5 per month – but there are other options too! Their prices vary depending on what kind of services fit into YOUR life preferences: whether it’s automated management or someone helping along side during stock picking sessions (or both!). Stash offers two account types; Stash Growth and Stash+. Stash Growth costs $3/month and Stash+ costs $9/month.
10. SoFi: Best Financial Education Platform
SoFi Active Investing has some attractive features. For example it’s commission free stock and ETF trades which means that you won’t have to pay any commissions when buying or selling shares in companies like Apple Inc., Microsoft Corporation (MSFT) , Amazon Inc.(AMZN). Plus there are no account minimums so even beginner traders can get started with investing! And if this isn’t enough incentive then consider the fact that they offer free financial counseling. They provide a free stock if you sign up using the mobile app and are well-known for their learning program, SoFi Learn!
11. TD Ameritrade: Best Active Trading Platform
TD Ameritrade is a leader in the finance industry. From it’s website to their tools like Thinkorswim, they’ve got you covered with everything from investing and trading all-inclusive of commission fees or management charges!
TD Ameritrade offers two different platforms. One of the most popular is thinkorswim, which has been recognized as one if not thee best trading platform available today with its sophisticated features and tools that enable investors to test out strategies on paper before actually implementing them in real life markets! It also boasts hundreds of technical studies along with other charting options like monkey bars or renko charts for even more customized technical analysis.
12. Fidelity: Best Online Broker
Fidelity allow users to trade stocks and other financial products without paying a commission. They offer a plethora of research tools and trading ideas that will help you make better decisions on when to buy or sell your investments! The website is easy-to use–just enter in the amount desired for purchase then choose from one of their many purchase settings. If you have great credit, you can sign up for the Fidelity® Rewards Visa Signature® Card which requires roughly a 720 credit score.
13. E*Trade: Best Retirement Broker
E*TRADE is one of the most innovative investment brokers in the financial industry. Now that they’ve been acquired by Morgan Stanley, E-Trade offers more than ever before with low fees and an attractive sign up bonus as well! Plus you can get banking services like checking or high interest savings accounts too. One great thing about this company is that they offer low fees for active traders, which can be very hard to find these days! Plus there’s a wide range of self-employed retirement plans and their virtual trading platform will help you learn how trade if need be so beginners don’t feel left behind when starting out on an exciting trading journey.
14. Vanguard: Best Low Fees Broker
Vanguard is a unique among online trading platforms. They are owned by their fundholders, which means that profits earned from trades go towards lowering fees on any investments you make through them – including index funds and ETFs! The personal advisor service pairs you up with an expert who will work on your behalf while they guide and manage investments for success – it’s like having money invested into yourself without any risk or hassle of handling stocks themselves (and getting paid!)
15. Charles Schwab: Best Foreign Markets Broker
Investors will be able to open a brokerage account without having an initial investment minimum with Charles Schwab. They can enjoy $0 online stock and ETF trades, including access to 12 different markets across the globe. With their Global Account you don’t even need any funds set aside because they offer self-directed trading options – just let them do all work while still getting expert advice at no extra charge if needed. Keep in mind, Schwab had merged with TD Ameritrade in October 2020, yet both brokerages are operating separately.
To conclude, if you’re looking for a new investment opportunity, you may want to consider stock and cryptocurrency investing. Both offer beginner-friendly options and can be profitable for traders of all levels.
Here are just a few reasons why you should consider these investment opportunities: Stock and cryptocurrency investing can be done from anywhere in the world. All you need is an internet connection. You can start with a small investment and grow your portfolio over time. There are many beginner-friendly options available, such as online courses and demo accounts. You can trade stock and cryptocurrency online 24/7. Both markets offer opportunities for short-term and long-term profits.
So if you’re looking for a new way to invest, stock and cryptocurrency trading could be a good option for you. With so many beginner-friendly options available, it’s easy to get started. So why not give it a try today?
