Best Online Trading Platforms of 2020

Trading the financial markets is undoubtedly a high-risk endeavor and means of making a living. Therefore, it is critically important to choose the most suitable and best online trading platform according to the individual’s needs.

Things that need to be considered include the available asset markets, the usability of the platform, fee structures, security, and the robustness/reliability of the trading engine.

Taking this into account, the following 6 online trading platforms have proven to be some of the most impressive and trusted in 2019, making them the best choice for their given niches moving into 2020.

Best Online Trading Platform for Beginners

Trading platforms suitable for beginner traders should provide educational content, easy-intuitive navigation, transparent fee structure, and ideally a demo module. XTB is clearly one of the best options for traders in this regard, by offering traders a personal approach, comprehensive educational materials, and an award-winning platform.

Available Markets: Forex, Commodities, Indices, Shares, Cryptocurrency, ETFs & Bonds.

Best Online Trading Platform for Cryptocurrency

Cryptocurrency is no longer an esoteric asset class, with hundreds of billions of dollars traded each and every day and widely appreciated as the most profitable asset market by consequent of its volatility. Fortunately, there’s now a number of first-class crypto-based trading platforms with access to traditional financial instruments under one hat, currently the best of which is PrimeXBT.

Available Markets: the most popular crypto markets, alongside fx, commodities, and stock indices with the highest leverage offered across all available assets.

Best Online Trading Platforms for Forex

It’s hard to go past FXTM (aka ForexTime) when trading forex as it provides a highly versatile trading environment that accommodates both the beginner (MT4) and advanced traders (MT5) with various platform options, ECN functionality, as well as a demo platform. Not to mention, FXTM offers one of the most appealing selections of the most popular forex markets.

Available markets: forex, commodities, and CFDs.

Best Online Trading Platform for Stocks

eToro is great for trading stocks, allowing its clients to invest in hundreds of stocks from leading markets and stock exchanges around the world. You can analyze, discuss and socially trade along with more than 10 million users.

Available markets: Top stocks and ETFs, forex pairs and commodities via CFDs, as well as a few selected major cryptocurrency pairs.

Best Online Trading Platform for Margin Trading

PrimeXBT offers the highest leverage across all available assets than any other online trading platform, with up to 1000x on forex, up to 500x on commodities like Spot Gold and Spot Silver, up to 100x on the world’s most popular Stock Indices, and up to 100x on 9 major cryptocurrency pairs.

Furthermore, PrimeXBT is one of the most enjoyable and intuitive trading platforms to use with a sleek and intuitive interface that’s highly customizable. Also, PrimeXBT offers some of the lowest margin trading fees - at only 0.05% on all trades and assets.

Best Online Trading Platform for Options Trading

For options trading, TD Ameritrade is the best trading platform overall by concurrently offering reasonable pricing, excellent beginner resources, and a first-class trading platform that’s suitable for even the most professional traders. Due to the fact that options trading is a somewhat high-risk means of trading, this supportive and variable environment is incredibly valuable.