When it comes to choosing the stockbroker to do your trading in, this can play a huge role in how your trading actually performs. If you cannot execute a trade in a certain period of time because of the app you are using, this can cause you to lose a lot of money.
But remember, even if you choose a certain broker app to use, it does not mean you need to use that app forever. If something is not working out for you, you have the right to change it.
In this article, we are going to go over the top 4 best brokers when it comes to stock trading and what makes them the best.
If you are a beginner, Robinhood is the best broker app that you can use.
Not only is it free to place trades (no commission) but it makes it so easy to buy and sell stocks.
You can do any type of trading with Robinhood include options, futures, and even fractional (buying part of a stock).
The only downside to Robinhood is that it acts and works like a startup. So many times, the app will crash or be down for a long period of time. If you need help or support, it’s very limited and can only be accessed by emailing them.
But for a beginner, this is the best way to get into trading.
Just like Robinhood, Webull has made stock trading very simple. But Webull has figured out how to combine all the stuff you love in apps like Robinhood with the power of more advanced apps and brokers.
For example, if you want to look at better charts, studies, indicators, etc. Webull has it all but has made it simple that any novice can understand.
Webull also offers paper trading, where you can practice your trades with fake money and see how well you do.
All in all, this is probably the best app and stockbroker. It makes everything so simple yet giving you amazing power without having to have a stockbroker degree. But keep in mind that just like Robinhood, Webull also acts like a startup. So you expect the app to go down once in a while (not as much as Robinhood).
I know what you are thinking, “this looks complicated.”
And yes, it is! But if you want to be the best stock trader, this is the broker/app for you.
ThinkorSwim gives you all the power that brokers have that are trading on the stock floor (Wall Street people). This gives you everything Robinhood and Webull do (might not be as pretty as them) plus more.
With this, you have all charts that you could ever dream of. All the indicators, studies, and more. You can even watch stock news TV right from the app without stopping anything.
If you want to be a serious trader, this one is for you.
If you do not live in the United State of America, there might be a local broker that works for you if you want to trade with US stocks.
One of the best international brokers is Capital Markets Elite Group (CMEG) based in Trinidad and Tobago.
Also if you live in the US and have a small account, you can use CMEG to do day trading and avoid the PDT rule (Pattern Day Trader). Of course, we recommend that you talk to a finical advisor before doing anything like this so you stay within the rules and regulations of the law.
Remember that a good broker can help with your stock trades just as much as a bad broker can hurt it and make you lose money.
We highly advise that you do your own research and read reviews of each broker before signing up for one.
But always remember that just because you signed up for one doesn’t mean that you cannot sign up for another one or switch to a different broker if you don’t like yours.
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