Who is a Stock Broker?
Saw any brokerage firm? Professional traders in crisp suits, intriguing ties, and glinting shoes. Which is not what a stockbroker is all about. Stockbrokers are obligated to make critically calculated decisions on behalf of clients based on their skills and knowledge of the stock market. Online brokerage firms provide stockbroking and personalized trading services even exclusively.
List of top 5 online brokers for stocks in January 2021:
No. 1 on our list, ‘101Investing’ has made its name in the online trading business. This firm operates under its parent organization FXBFI Broker Financial Invest ltd. Founded and headquartered in 2016 in Cyprus. 101Investing is regulated and controlled by Cyprus Securities and Exchange Commission (CySEC). This trading firm allows access to all their trading instruments like MetaTrader 4(MT4) across all mediums. With over 250+ fiscal means to offer to their clients, 101inveting is a reliable name in forex, commodities, stocks, indices, and Cryptocurrency.
- Multiple account options on one platform
- Regulated by CySEC
- 250+ CFD
- Not available in several countries, Not open for US Clients
- No Social Trading
- Not very tightest spreads
- T1 Markets
A user-friendly platform allows a flexible environment for the clients to deal in more than 300 CFD products in forex, commodities, stocks, indices, precious metals, and cryptocurrencies. Available for professional and new traders alike with MetaTrader4 based interface. It is also available in applications for mobile devices. t1markets provides three different types of accounts for traders. Sign-up for their Silver, Gold, and Platinum options. Since they charge no commission and rely on spreads for trading fees, it becomes a favorite among traders.
- Regulated by CySEC
- Precious metal CFDs
- Major World Indices
- More than 350 CFDs
- Limited Availability Globally
- No Zero-Spread option
- RO Investing
Established in 2017, ROInvesting has made a leading name in Web trading broker. Headquartered in Nicosia and regulated by CySEC, this firm has a worldwide clientele. Various payment methods are accepted at this firm. Traders can open their trading account with a minimum deposit amount of $250. Along with existing features of general web brokers, ROInvesting offers E-books on analyses, beginners guides on capital managements, a Calendar on trading, CFD courses, Video tutorials, webinars, trading signals, and various investing tools.
- Wide range of the instruments
- Web as well as mobile device ready.
- 350+ CFD
- Transparent trading fees
- Does not accept traders from the US
- Fees on withdrawing funds
- HF Trading
The fourth most sought after trading firm in 2021 on our list is the New Zealand based investment firm HFTrading. HFTrading is a sister concern of CTRL Investment LTD. This firm is regulated by the Australian Securities and Investments Commission (ASIC) of Australia. The firm offers commission-free trading to its users. Along with three basic types of accounts and they also have Islamic swap-free trading accounts for their users.MetaTrader4 trading platform ensures that trading is safe on this web trading platform. The firm is recognized on the global front of trading. With various educational resources and instruments that allow the user to learn the foundation of asset trading and HFTrading provides a secure trading atmosphere.
- Regulated by ASIC and FMA
- MetaTrader4 platform
- 350+ CFD assets
- Higher overnight swap rates
- Limited analysis
- Limited spread research
With the startling launch in 2020, Investlite is a brand-new firm on the trading market and therefore brings a fresh air of ideas and services for the traders. Following the web-trading general norms, Investlite offers 350+ CFD assets across various trading instruments with cryptocurrencies and precious metals. The firm doesn’t charge any commissions and relies on spreads for their profits. With new features and offers on the market, this one is to look out for trading. Investors are supposed to pay a whopping fee if they are inactive for more than 61 days.
- Available for mobile devices too.
- Live Chat Support
- High inactivity fee