How to choose your online trading platform

In online trading, a trading platform is a financial institution that enables traders to trade in different financial markets, such as currency pairs in the case of Forex Trading, commodities, stocks and securities in the case of CFD Trading.

The platforms or brokers provide the means by which the buyer and seller can trade. They act as agents for traders and provide the means to buy and sell financial instruments through different financial assets.

Brokers offer different types of platforms including MetaTrader terminal, cTrader, web browser trading interfaces and mobile Apps for Android and iOS devices. Therefore, users have the possibility to choose any trading interface according to their preferences.

Online trading is the buying and selling of financial products through an online platform or broker.

The platforms used are made available by web-based brokers. Most brokers, offers its clients a variety of financial products including stocks, commodities, currency pairs, stock indices, cryptocurrency and ETFs. While trading Amazon stocks or buying and selling commodities such as gold or oil may be quite familiar, trading on the Forex or foreign exchange market has gained a lot of popularity in recent years due to some of its main features.

Derivatives trading more precisely Contracts for Difference (CFDs) has also become very popular. Online trading has allowed everyone to access the economic markets, which used to be exclusive to large holding companies, banks and large investors, faster pc’s and more affordable internet prices have made it possible for all of us small investors to invest in the global economic markets.

What Are Online Trading Platforms Or Brokers

Trading platforms are nothing but software that allow an investor to operate in the economic markets through the internet. In the field of online trading, we can find many trading platforms, which are offered by brokers to trade.

Thanks to the platforms we can always be connected with the various markets, open and close trading position, always updated on the latest economic news. But not only platforms thanks to the tools they offer we can, analyze a certain asset to decide on trading.

Usually a broker offers a webTrader platform, entirely designed by the broker, are intuitive and very easy to use.

Along with internal platforms, brokers also support external platforms the most widely used is the MetaTrader4, a platform suitable for Forex and CFD trading, includes a wide range of functions and analytical tools, it also allows a trader to trade through an EA, ie with a robot working in our place.

Below is our selection of the best regulated and secure online trading platforms.

Best Online Trading Platforms

Forex Broker Trading, Crypto Currency and CFD Trading

*Risk warning: Investors may lose all their trading capital.

Only risk the capital you are willing to lose. This message does not constitute investment advice.

Note: All Brokers listed are certified and authorized by CySEC (Cyprus Securities and Exchange Commission).

The 24option Online Trading Platform

In this article we want to show you the potential of 24option trading platform, a leading company in the online trading industry.

We start immediately with the fact that the 24option platform is regulated by CySEC, the designated supervisory authority, based in Cyprus and also follows the European Financial Instruments Directive (MiFID) to the letter.

This shows that the platform is monitored 24 hours a day and this is a clear sign of seriousness and reliability.

The 24option platform offers the possibility to take advantage of the “Demo Account” option, through this feature, all traders will be able to trade CFDs using only a virtual currency focusing only on the experience factor without the stress of trading with own funds.

Logically, since the investments will be made with virtual currency, the resulting gains will also be virtual but this is not important, the main purpose of this account is to give all traders the opportunity to accumulate experience without risking anything.

In order to open a demo account, all you have to do is register on the 24option platform and enter all your data, you will receive an email to which you must confirm your registration.

At this point you will be ready to start trading using their platform.

In addition to the demo account on the platform you will find 5 other account types, each with specific features:

  • Basic Account;
  • Silver;
  • Gold;
  • Platinum;
  • Diamond.

Basic Account

  • Explanation of the platform;
  • Dedicated account manager;
  • Webinair and seminars;
  • Introductory course to financial markets;
  • Demo account from 10,000 euros;
  • Daily market analysis information.

Silver Account

  • Explanation of the platform;
  • Risk management instructions;
  • Dedicated account manager;
  • Webinars and seminars;
  • Introductory course on financial markets;
  • 10,000 euro demo account;
  • Daily market analysis information;
  • Dedicated fundamental and technical analysis;
  • Illustration of various trading techniques;
  • Exempt from account management fees;
  • Maximum Lot.

Gold Account

  • Explanation of the platform;
  • Risk management instructions;
  • Dedicated account manager;
  • Webinars and seminars;
  • Introductory course on financial markets;
  • Demo account from 10,000 euros ;
  • Daily market analysis information;
  • MT4 course;
  • Dedicated fundamental and technical analysis;
  • Illustration of various trading techniques;
  • Exempt from account management fees;
  • Maximum Lot;
  • Central trading;
  • No commission on withdrawals.

Platinum Account

  • Explanation of the platform;
  • Risk management instructions;
  • Dedicated account manager;
  • Webinars and seminars;
  • Introductory course on financial markets;
  • 10,000 euro demo account;
  • Daily market analysis information;
  • MT4 course;
  • Dedicated fundamental and technical analysis;
  • Illustration of various trading techniques;
  • Exempt from account management fees;
  • Maximum Lot;
  • Central trading;
  • No commission on withdrawals;
  • Spreads.

Diamond Account

  • Explanation of the platform;
  • Risk management instructions;
  • Dedicated account manager;
  • Webinars and seminars;
  • Introductory course on financial markets;
  • Demo account from 10,000 euros ;
  • Daily market analysis information;
  • MT4 course;
  • Dedicated fundamental and technical analysis;
  • Illustration of various trading techniques;
  • Exempt from account management fees;
  • Maximum Lot;
  • Central trading;
  • No commission on withdrawals;
  • Spreads.

Through 24option you can also use leverage in the following ways:

  • 30:1 – It is used exclusively to make investments in the main currencies such as Dollar, Euro, Pound;
  • 20:1 – It is used exclusively to make investments in secondary currencies, excluding Primary, Equity Indices and Gold;
  • 10:1 – For all secondary stock indices and all other commodities;
  • 5:1 – Exclusively for Equities;
  • 2:1 – For Cryptocurrency.

Professional traders will have the possibility to use all types of leverage.

At 24option you can decide whether to invest in Forex or CFDs and you will have a lot of underlying assets at your disposal.

24option also offers various types of teaching with interactive ebooks and many trading videos.

The minimum deposit that the platform accepts is 100 Euros and every single trade starts from a minimum of 24 Euros.

Withdrawals will be immediate starting from a minimum of 10 euros, the important thing is that you are a verified user, to become a verified user just send your personal documents and the following varieties are available:

  • Credit card;
  • Skrill;
  • PayPal;
  • Neteller;
  • Bank transfer.

eToro Online Trading Platform

The company eToro was founded in 2006 under the name RetailFX with the aim of providing a type of trading platform that is suitable for all traders, beginners and experts.

Over time the company has become one of the most important in its field.

It has patented an innovative trading platform with “Open Book” methodology where traders can trade on many markets such as forex, commodities, indices, stocks and much more.

Another innovative operational functionality is “Copy trading” which is the possibility for inexperienced traders to copy the trades made by experienced traders.

As far as regulation is concerned, the eToro broker is in order in every respect, in England is authorized to operate by the FCA (Financial Conduct Authority) with number 583263.

Beyond this it is also regulated for European markets by the CySEC (Cyprus Securities Exchange Commission) under number 109/10.

As a result of these two certifications, it follows that eToro also complies with the directives issued by MiFID.

The platforms offered by eToro are essentially two, the first one called “Open book” is very particular because it has as characteristic the ideology of social trading, a type of trading that only eToro offers.

Beyond this there is the platform entirely dedicated to mobile, this can be web based through the portal or users can download a special application on their respective stores for iOS or Android.

Also in this case all traders can view on screen the results obtained by other traders in the social trading network.

eToro offers a wide variety of tools on which to make financial investments such as cryptocurrency, forex, indices, commodities, stocks, etc..

The eToro platform offers two types of accounts, the standard account and the demo account, if you decide to use the standard account the minimum deposit required is 200€.

If you opt for a demo account you will be credited immediately 100,000 virtual euros, through this type of account the trader can make many transactions without risking anything.

As for the methods of withdrawal these are the same, remember that depending on the method you will use to deposit, the platform will automatically use the same system in case of withdrawal.

The support service is active 24 hours a day, five days a week and can be contacted by email, fax, contact form or by calling a dedicated telephone number, the service is provided in several languages.

The Plus500 Online Trading Platform

The Plus500 platform is very functional and simple, there are no connection problems and it is SSL encrypted.

Traders will be able to trade in a variety of ways, Long term, Short term, day trading etc.

The graphics are very clean and essential and easy to understand, all actions are activated with a few mouse clicks or a few taps on your device.

Most of the users who have tried the Plus500 platform have been enthusiastic about it and there are many positive comments, especially after the great platform update in 2016.

In a nutshell, the company is constantly working to offer a faster, more reliable, simple and mostly secure service.

Their philosophy is that the trader comes first and consequently all the benefits, progress and new features, even if they are addressed to them are an asset that will be reflected in the company itself.

The Markets.com Online Trading Platform

Today we would like to talk to you about the broker Markets.com which specializes in trading Stocks, Indices, Forex, CFDs and Commodities.

This trading platform is undoubtedly one of the best on the market for all those people who want to make capital investments in Forex and CFDs.

Let’s start by telling you that this platform, owned by Safecap Investments Ltd has been on the market for several years and has a regular CySEC and FSB license and is also part of the group of companies that are regulated and controlled by our CONSOB.

The platform has also achieved an important goal in 2010, has earned the “Fastest Growing Broker Award”, an important recognition that is due to brokers who manage to achieve the highest growth rate.

Through the use of this platform traders will be able to trade on 18 indices and many assets.

Below is a list of all the trading possibilities you have available through the Markets.com platform.

CFD trading available:

  • Forex;
  • Indices;
  • Stocks;
  • Commodities;
  • Cryptocurrency;
  • ETFS.

Markets.com also offers the possibility to use predefined and regulated leverage.

For those who do not know it, leverage is a system that allows traders to make capital investments in excess of the actual budget available.

This is a very dangerous system as it can result in large capital losses as it is true that very large gains can be made.

The platform also allows the trader to choose whether to use variable or fixed spreads when trading in the forex market.

In addition to this you can also use CFDs in the bond market and it is one of the few platforms that allows you to do so, again the trader will not really buy the asset but will have the opportunity to bet on it.

You can trade forex on seven major currency pairs, 30 minor pairs and 20 exotic denominated pairs with a leverage effect set at 50:1, for each type you will have the following information available:

  • Leverage effect;
  • All hours to trade;
  • Spreads in pips.

Also the stock market indices are present on the platform, the U.S. indices are the most numerous but there are many others including Italy40, the spread rate that is applied to this form of investment is 0’05 U.S. dollars.

As for commodities, these are about twenty and are tradable through the use of CFDs, we find Gold and others in addition to food commodities that can be sugar or coffee.

In this case the leverage applied is set at 1:100 and the spread is 0.04 US dollars.

So far we have talked about leverage, on the platform you can find the following:

  • 1:2 on the cryptocurrency market;
  • 1:5 on the stock market;
  • 1:10 on the commodities market except gold and secondary stock indices;
  • 1:20 in the market for secondary currency pairs, gold and major indices;
  • 1:30 in the market for major currency pairs.

In order to open an account just log in to the platform website and register by entering all your personal data, the minimum deposit is set at 100 euros including an unlimited capital demo account.

About the demo account, this service is available for all users who will register on the platform and you will be able to trade CFDs, gain experience and try various trading strategies before switching to the real market.

There are various types of deposit and withdrawal services, all fund deposit and withdrawal operations are totally free of charge.

The Markets.com platform is also available on mobile through all iOS and Android smartphones and tablets.

The support service is very efficient and professional, open 24 hours a day, 5 days a week through a dedicated line that you will find on the site, the service is available in 19 different languages.

Markets.com Demo Account

Lately online trading is an activity that a lot of people are undertaking but there is a need to be able to manage it in the best possible way if you want to make money that is constant over time.

The important factor is the experience and surely the mistakes teach you how to manage it better.

Precisely for this reason trading platforms provide a very useful method to gain experience that allows you to make mistakes without risking anything.

On the basis of this Markets.com provides the demo account, a special type of account that allows all traders to make capital investment maneuvers in a completely virtual way without the need to use own funds.

It is obvious that if the currency you use is virtual, any earnings will be virtual, but this does not matter because the main purpose is to give all traders the opportunity to accumulate experience directly in the field.

Even if the Markets.com platform is very simple to manage, it is always preferable to make some practice and gain experience on market dynamics before throwing yourself headlong into real investments.

Take advantage of this opportunity to learn all the mechanisms of the market and acquire skills before you invest real capital.

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