The best online trading company for beginners is often considered to be eToro. This is because the online trading platform offers different functions that make it very easy for online traders to start trading, such as copy trading. When writing this, over 10 million online traders use eToro.
Please remember that your capital is at risk when engaging in online trading.
Here Are a Few Reasons Why eToro Is The Best Online Trading Company For Beginners:
eToro Social Trading
This outstanding feature makes eToro an excellent option for beginners. In addition, the eToro social trading feature allows beginners to copy more experienced traders’ trades and strategies without lots of trading experience.
Even as a beginner, you are less likely to lose your money. You can trade confidently, knowing that the more experienced traders have your back.
Low Account Minimums
As a beginner, you are still learning the markets, so you want to keep your risks low. eToro understands this, which is why they have very low account minimums.
You only need to deposit $50 into your trading account to start trading. eToro also allows you to enter trades as low as $25.
With such low account minimums, you don’t have to worry that making a beginner mistake will wipe out your savings. Note, however, that you need to deposit $200 to take advantage of the social trading feature.
Ease Of Use
As a beginner, you’re looking for an online trading company with an easy-to-use platform that won’t give you lots of headaches.
eToro has gone out of its way to make every easy and intuitive, even for beginners. First, their sign-up process is straightforward. Just provide details about yourself, verify your identity, and start trading in 10 minutes or less.
The eToro dashboard is also designed like a social media platform. The social platform aspect makes it easy for beginners to figure out where different things are on the forum. You can even chat with other traders, just like you would on any social platform.
Finally, placing buy and sell orders has been made very simple and intuitive. The trading broker will provide you with all the tools you’ll need for trading that are easily accessible.
Good Customer Support
Even with an easy-to-use platform, you’ll probably experience one or two challenges as you get acquainted with trading. This is why eToro has a very efficient and dedicated customer service team to help you navigate any challenges you might face as a beginner.
You also have the option of going through their help center. The help center has numerous resources that will provide you with answers to many common issues for beginners.
Wrapping Up
If you’re looking for an online trading company best for beginners, you’ll never go wrong with eToro. Their social trading feature, low starting and trading amounts, easy-to-use platform, and practical support make eToro the best online trading company for beginners.
eToro is a multi-asset platform that offers to invest in stocks and crypto assets and trading CFDs.
Please note that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. The trading history presented is less than 5 complete years and may not suffice as a basis for an investment decision.
Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs, makes no representation, and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity-specific information about eToro.
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