With so many choices, how to you select the best online stock trading site or day trading platform if you’re a beginner?

Don’t worry if you’re new to trading as well. We’ve also got you covered if you’re looking to know how much money you need to start trading, when you should switch from demo to real trading, and how much you should risk in a trade.


What this article covers:

Best Online Stock Trading Site For Beginners

Two platforms stand out against others as the best online stock trading sites for beginners due to their for ease of use. These are Plus500 and eToro. They also both have demo versions which means you can practice and get used to the interface without risk 🙂 perfect for beginner traders!

Best Stock Trading Platform For Beginners: Plus500

A market leading in online trading. The interface is really intuitive and simple to get used to so appeals to those that don’t want complexity. Plus, desk desktop and mobile application versions it makes accessing anywhere really easy.

Another favourite feature is ‘Guaranteed Stop’ which helps to protect your risk, along with Stop Limits, Stop Losses and Trailing Stops. A Wide range of CFDs on trading instruments also give this wide appeal, from individual stocks (eg. Tesla and Apple), to indexes (eg. NASDAQ, FTSE100 or DACH), to Crypto (eg. Bitcoin and Litecoin) and even now even Cannabis stocks.

Probably the best part for those starting out is the Demo Account, so you can get used to the interface and practice trading risk free, for as long as you want!

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Online Stock Trading Site For Beginners: eToro

Studying any market you are actively trading is a lifelong commitment. There will never come a day that you will know everything about it, as hard as that is to believe! Yes, put your pride aside and accept that fact. eToro is a great platform that allows you to view, follow and copy the top traders. This gives you an upper hand on making efficient trades because you are copying those of trading veterans!

Both eToro and Plus500 have demo versions so you can practice before using real funds. There is also a comprehensive online stock broker comparison for you to find your right fit!

Best Day Trading Platform For Beginners

There are literally hundreds of trading platforms for day traders. Because day traders require a high volume and frequency of trade, most traditional online stock brokers don’t make financial sense. They charge a per transaction fee and unless you are trading huge sums of money it will cost you far more than a specialist day trading platform.

Contract For Difference (CFDs) are the perfect fit for day traders, where you are typically not charged any transaction fees :). Instead, the platform has a spread. This spread is the difference between buy and sell price at any given time, effectively the profit margin the platform will make.

So, what are the best choices when it comes to the best trading platforms for day traders?

Best Trading Platform For Day Traders: Plus500

Once again, Plus500 is a market leader. Desktop and mobile application versions really benefit a day trader due to being able to check trades and positions wherever they are.

The large range of instruments also give this wide appeal, from individual stocks (eg. Tesla and Apple), to indexes (eg. NASDAQ, FTSE100 or DACH), to Crypto (eg. Bitcoin and Litecoin) and even now even Cannabis stocks.

Another great feature is ‘Guaranteed Stop’. This helps to protect your risk, which on short timescale is important with ranging volatility. Factor in Stop Limits, Stop Losses and Trailing Stops and your risk management should be in place.

For beginner day traders, the Demo Account means you can get used to the interface and practice trading risk free!

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Day Trading Platform For Beginners: eToro

eToro is a great platform with growing popularity in Europe (although it accepts traders globally).

Part of the growing appeal are the unique and innovative features they have added. This includes being able to view, follow and copy the top traders. This is really helpful to see how professionals are managing the market in real-time to learn, or just copy from. This gives you an upper hand on making efficient trades because you are copying those of trading veterans! This makes it one of the best online stock trading sites for beginner traders!

It has a growing range of instruments and some innovative stock bundles (eg. crypto, cannabis or tech stocks together) so as you can trade against a category.

Both eToro and Plus500 have demo versions so you can practice before using real funds!

Return To Index

What is your best online stock trading site?

Now that you have the information you need on where is the best place to trade if you’re looking for the best day trading platform for beginners or best online stock trading site for beginners!

You also know the right asset types to start with! Yes, that means add a little more on your “To-Do” list, but you will benefit in the long run when you are enjoying that much needed holiday! First, open an account on the exchange or platform that allows you the most learning potential. You will more than likely need some form of identification, so you will want to be prepared for that!

The second thing to do is make a demo account if that particular site has one! Become familiar with the platform and how it works. Knowledge is power and the more familiar you are with the way things work, the better off you will fare!

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